Crypto market showing green push up.

14.09.2023

Dear traders,

Take care of your trade this could be liquidity grab.

Jake
TOP Trader

BTC breaking resistance and aiming for bigger push up to 27.200$ zone. This could be a good short entry point before next big move up.

ETH is still fighting to break the $1,630 resistance and needs more significant volume. It remains in a precarious position before a potential larger pushback.

XRP dropped from the $0.5 support, and a more substantial bearish continuation is still possible.

LINK is still fighting the $6 resistance. Despite diminishing momentum, any price below $7 offers an attractive buying opportunity.

SOL pushed back from the $17.5 support and needs to touch $20 for a more significant retrace. There is a substantial likelihood of a larger pullback in the coming days.

EOS has fallen below the $0.6 support level and is losing momentum for a larger push upward. It remains an appealing option for long-term investment.

LTC has dropped below the $65 support level and is losing momentum, with a high likelihood of a more significant breakdown.

DXY still needs to break 105 as strong resistance on a daily basis.

Crypto/stock daily news:

MORE TROUBLE FOR BINANCE.US

2023 has been rough for Binance.US. This year alone, the U.S.-based crypto exchange:

Got sued by the SEC.
Had a restraining order filed to freeze its assets.
Lost its banking partners and moved to a “crypto-only exchange”.
Lost its stablecoin partner (Paxos) and has been forced to slowly wind down its stablecoin – BUSD.

And just when you thought it couldn’t get worse, it did.

1/ Brian Scroder (the CEO) resigned from the company.

2/ Binance.US laid off 100 employees.

That’s right. The captain abandoned ship and ⅓ of the Binance workforce got thrown overboard.

So, what’s next for Binance.US?

Norman Reed (the Chief Legal Officer) will step in as interim CEO.
The crypto exchange says its recent actions provide it “with more than seven years of financial runway” to continue operations.

(Side note: Holy sh*t…. 7 years of financial runway?? Were they giving out NBA Supermax contracts??)

We’ll be keeping a close eye on any more news coming from the Binance.US HQ.

Workig In crypto is jobe.

FAST NEWS:

ZKX, an omnichain perpetual exchange, has introduced its ZKX Appchain. This move is a key element of their long-term strategy aimed at bridging the gap between traders’ performance and security. *

PayPal is rolling out a new crypto “off-ramp”. The new feature will help users easily convert their crypto back into USD.

Apple paid $5M to buy the rights to Michael Lewis’ upcoming book about Sam Bankman-Fried. The book is called Going Infinite: The Rise and Fall of a New Tycoon and will be released on October 3.

Northern Trust is launching a new platform for institutional carbon credit transactions. The global financial services firm is looking to bridge the gap between institutional buyers and project developers.

SushiSwap is expanding to the Aptos blockchain. The popular decentralized exchange will soon be available on Ethereum and Aptos. #2Chainz

Bitget (a crypto exchange) is launching a $100M fund called EmpowerX.The fund will invest in crypto exchanges, data analytics firms, media companies, and more.