As of today Newsly has removed all taxes and is a zero tax token!
You heard right, there is now no tax applied to either purchases or sales.
Old tax : 3/3 - 3% to treasury
New tax: No tax
Good $NEWS, everyone
The negative sentiment, however, does create some strong cases for bottoming in September, going into October - historically a bullish month for Bitcoin. There are likely to be big trade opportunities soon, time to pay attention and get your news flow prepared accordingly.
With stocks on the decline, rushing into positions here could prove to be hasty. Starved for a narrative, the market is likely to continue to be driven by news (namely political and macro) and an advisable way to navigate would be to remain nimble, reactive, and manage risk.
Donald Trump speaks today at the BTC conference at 7PM UTC. There are heavy rumours circulating regarding a potential announcement of adding BTC to the USA's strategic reserve.
BTC is up 25% this month with a lot of traders trying to frontrun this possibility with BTC OI currently sitting at all time high.
It's time to pay very close attention. There is expected to be huge volatility during his speech. Depending on his verbiage, a confirmation of the rumours could send BTC far higher, but anything else would result in a sharp selloff.
Now the majesty of the ETH ETF is upon us, it's another excuse to bring out the party hats.
The last ETF resulted in some significant times, and if anything market has an even greater number of catalysts in play this time around.
It's a good time to be a lover of the $NEWS
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Bybit listings have been a very lucrative source for news trading in recent weeks.
So of course, we've added @BybitListingAlerts to Newsly.
Good $NEWS, everyone.
Market reacted to news that Mt.Gox will distribute payments from July, giving plenty of time to position after it became public
Recent PA might suggest this news has been traded for a while now & worth noting that significant Gox events have often helped mark a bottom
As before you can keep a separate news profile with the keyword 'GOX' to act on the next slice of news
While the market was anticipating Saylor's $800m $BTC purchase, the news of the purchase being completed promptly resulted in a swift selloff.
This was a result of traders that had been attempting to front-run the purchase having to exit positions, and amplified by the recent fear around the German government sending $BTC to exchange deposit addresses.
Participants that were tuned in and able to put 2 & 2 together would have been able to capture an impressive -2.5% short on $BTC!
$BTC +3% as USA CPI inflation comes in 0.01% lower than expectations followed by a slightly muted Powell speech that saw the move retrace.
PPI tomorrow which could lead to some further movement. Don't forget to line up your $NEWS
We've talked before about the alpha in T2T weekly summaries, and as part of a new feature we're going to highlight a project that appears amongst this weeks' most followed accounts
@SOFAorgDAO were among the top 5 most followed accounts based on the last 7 days. And T2T users that found this early could have capitalised on the $RCH token's +1000% increase!
As per their bio https://t.co/9MVZHSCrBX are "a non-profit DAO dedicated to developing a comprehensive asset settlement framework on-chain"
Not only were they among the most followed, there are also a few noteworthy accounts who follow them (including our old friend @jkrdoc)
T2T weekly summaries will frequently serve you up interesting projects (such as https://t.co/9MVZHSCrBX) that are followed by interesting people
Our Shitcoiner plans receive an update on the most followed accounts once a week on Sunday
Degen & above can generate Top Follow List of last 7 days whenever they feel like it
If you're not subscribed to take advantage of this already, well what are you waiting for?
News dropped today that Mt.Gox is processing $BTC and $BCH distributions. While BTC initially slumped 2%, most of the dip has been bought up as years of Mt.Gox fud has conditioned traders to hit the green button. Weaker ETF inflows however, may indicate a weariness from tradfi to resume their bidding in light of this potential supply distribution news.
Positive news regarding the delay or potential OTC of this supply could send the markets rallying again.
How to prepare for the upcoming developments:
> Create a separate news profile including the keyword 'GOX' and turn on notifications in order to be instantly notified on the next piece of relevant news
Initial reaction to eth etf was slightly muted, but don't let anyone tell you otherwise, it's big $NEWS and you know it.
BTC etf also took a bit of time to cook, expecting the same positive outcome, perhaps sooner than most think.
$ETH ETF news is dominating the headlines, with ETF decisions 2 days away.
Be ready to catch the next move, don't be caught off-guard. Essential time to be completely tuned in.
All that we wrote here is still true, with the focus turning to ETH.
Top analysts believe that the $BTC ETF approval is days away, not weeks! Here's how you can prepare to be ready to react as soon as the news drops!
1) Create a separate profile on Newsly for the ETF (Make sure to set this group's notifs to loud!)
2) Use include keywords to filter in your ETF related news. (Protip: make sure to include top ETF analysts '@JSeyff' & '@EricBalchunas ')
3) Make sure your sizing and TP/SL is configured according to this trade
The ETF decision news is the most anticipated news in crypto right now and there's likely to be huge volatility on the news so remember to stay safe!
Recent GOOD NEWS has catapulted Hummus to his 1M challenge! Mirrorly users capturing this upside, NEWSLY holders can bypass the whitelist queue before this ETF move is over 👀
Wow! congrats Hummus! Mirrorly discovered Hummus early and our users were able to capture almost 100% of this challenge. 🎉 Thank you Hummus!
Maybe an exclusive challenge next @hummustXBT? 👀
RWA has been one of the dominating narratives as of late, especially when it comes to news trades and announcements.
This $LINK announcement resulted in a massive +20% move and doesn't seem like it wants to stop. A good indicator of market-wide risk appetite and sentiment.