Best Twitter threads of the day – August 28th

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  TL;DR Breakdown The Liquity price analysis is bullish today. Resistance for LQTY is present at $1.41. Support for LQTY is present at $1.12. The current Liquity price analysis points towards an upward trend in the cryptocurrency today. Despite encountering bearish resistance in the previous day, the bulls have successfully propelled the price to $1.25 within the last four hours. The presence of a green candlestick signifies a renewed increase in the coin’s value following a sudden dip. Hourly price predictions align with these market trends for LQTY/USD, showcasing upward movement over the past four hours after a brief crash towards $0.93 that occurred within a five-minute timeframe. However, the token swiftly recovered from this dip. It’s important to note that resistance lies at the $1.41 level, potentially reintroducing selling pressure. LQTY/USD 1-day price chart: A resurgence of bullish sentiment sparks renewed market activity In the realm of one-day Liquity price analysis, positive developments emerge for cryptocurrency buyers, as the price exhibits significant recovery throughout the day. At the time of writing, the coin is trading at $1.25, and there are…

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• BALD token’s dramatic plunge: Developer denies exit scam allegations

  TL;DR Breakdown Bald Token, a new cryptocurrency, experienced a significant price drop of 90% shortly after its launch. The developer of Bald Token is accused of pulling liquidity from the market, leading to a sharp decline in the token’s value. Despite the developer’s denial of any wrongdoing, the incident has raised concerns about the integrity of the project and the potential risks associated with investing in new cryptocurrencies. Description The BALD token, a new meme coin on Coinbase‘s Base network, experienced a dramatic price drop of 85%, leading to allegations of an exit scam. The token, which was launched by a pseudonymous developer known as “Bald,” saw an impressive 289,000% increase within the first 14 hours of trading. However, the euphoria was short-lived as … Read more The BALD token, a new meme coin on Coinbase‘s Base network, experienced a dramatic price drop of 85%, leading to allegations of an exit scam. The token, which was launched by a pseudonymous developer known as “Bald,” saw an impressive 289,000% increase within the first 14 hours of trading. However, the euphoria was…

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• Hong Kong regulator warns JPEX exchange over illegal operations

  TL;DR Breakdown Hong Kong’s financial watchdog has warned JPEX exchange over its unlicensed activities. Investor caution and regulatory development in the country. Description Hong Kong’s journey toward becoming a regional cryptocurrency hub has hit a regulatory roadblock as its top financial watchdog, the Securities and Futures Commission (SFC), issues a stern warning against the crypto exchange JPEX. The SFC’s concerns stem from what it deems as “suspicious features” exhibited by the platform and its lack of the necessary … Read more Hong Kong’s journey toward becoming a regional cryptocurrency hub has hit a regulatory roadblock as its top financial watchdog, the Securities and Futures Commission (SFC), issues a stern warning against the crypto exchange JPEX. The SFC’s concerns stem from what it deems as “suspicious features” exhibited by the platform and its lack of the necessary licensing to operate legally in Hong Kong. Hong Kong, a global financial hub, has been actively pursuing a robust regulatory framework for cryptocurrencies. JPEX admits to operating without a proper license The city has aspirations to position itself as a cryptocurrency and blockchain technology…

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• FTX’s $10 million wallet activity fuels token dump fears amid bankruptcy saga

  TL;DR Breakdown Large transfers of around $10 million in tokens related to the Solana ecosystem were observed from an FTX wallet, sparking concerns of potential token dumps as the cryptocurrency exchange faces bankruptcy proceedings. FTX has proposed selling digital assets with a weekly limit of $100 million to $200 million to minimize market impact, a plan that is expected to be discussed in an upcoming Delaware Bankruptcy Court hearing on September 13. Description In a development that has sent ripples through the cryptocurrency community, large transfers of funds associated with the FTX wallet have been observed, igniting fears of a potential token dump. According to data from blockchain analytics platform Arkham Intelligence, since August 31, a wallet linked to FTX has moved around $10 million in tokens related … Read more In a development that has sent ripples through the cryptocurrency community, large transfers of funds associated with the FTX wallet have been observed, igniting fears of a potential token dump. According to data from blockchain analytics platform Arkham Intelligence, since August 31, a wallet linked to FTX has moved…

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• Blockchain Association’s bombshell letter calls for SEC Chair’s resignation

  TL;DR Breakdown The Blockchain Association, a lobbyist group representing the U.S. cryptocurrency industry, has called for the removal of SEC Chair Gary Gensler from overseeing regulations on the crypto sector.  According to Jake Chervinsky, the chief policy officer of the Blockchain Association, Gensler’s steadfast belief that all digital assets, except Bitcoin, are securities compromises his ability to make enforcement decisions with fairness and impartiality.  While Gensler has received support from many Democrats for his actions against crypto exchanges, he has faced criticism from Republican congressman Warren Davidson. Description The Blockchain Association, a lobbyist group representing the U.S. cryptocurrency industry, has called for the removal of Securities and Exchange Commission (SEC) Chair Gary Gensler from overseeing regulations on the crypto sector. In an open letter, the association argues that Gensler’s public comments have demonstrated a lack of impartiality in approaching the issues at hand. … Read more The Blockchain Association, a lobbyist group representing the U.S. cryptocurrency industry, has called for the removal of Securities and Exchange Commission (SEC) Chair Gary Gensler from overseeing regulations on the crypto sector. In an…

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