News

🌐 BRICS Payment System Eyes De-Dollarization Using Blockchain Tech

Recent announcement of BRICS Payment system has led to 159 countries worldwide showing interest for de-dollarization and SWIFT alternative.

With a new BRICS Payment System rolling out just two weeks before, a staggering 159 countries have shown interest and willingness to adopt it posing a challenge to America’s much popular SWIFT banking system. Several nations believe that America is weaponizing the SWIFT system against countries that don’t have good terms with the USA, and thus looking for de-dollarization. The bloc nations are also mulling the use of blockchain and crypto for cross-border settlements with Russia initiating the first steps.

👀 Experts Claim VanEck, 21Shares Solana ETF Removed From Cboe Website

VanEck and 21Shares 19b-4 filings for Solana ETF are not available on Cboe website, experts claim the US SEC is reluctant to approve them.

VanEck and 21Shares’ 19b-4 filings for Solana exchange-traded fund (ETF) are no longer available on the Cboe website. Both companies filed S-1 forms for spot Solana ETF in late June after the clarity on approval for nine spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC). Has the regulator rejected the SOL ETFs as they never issued notices of filings?

😱 Anthony Scaramucci Reveals Reasons Why Donald Trump Will Drop Out

Anthony Scaramucci predicted Donald Trump would drop out of the 2024 race while Kamala Harris takes the lead in swing states.

Anthony Scaramucci, a pro-Bitcoin entrepreneur, reiterated his prediction that Donald Trump will eventually drop out of the 2024 presidential race against VP Kamala Harris. Scaramucci’s remarks, while controversial, have sparked significant debate within political circles. Moreover, he revealed specific reasons why Trump would soon back out of the U.S. 2024 elections.

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Markets

📊 Crypto Prices Today August 17: BTC Holds $59K, HNT Soars 6%

Bitcoin holds firm at the $59K mark amid ETF inflows. HNT soars 6% & altcoins illustrate mixed price actions.

The crypto prices today have mainly fueled mixed investor sentiments, showcasing a trading session both in red and green territories. Bitcoin (BTC) price rested at the $59K level, whereas Ethereum traded near $2,600. Solana (SOL) traded in the red zone while XRP traded slightly in the green. Besides, HNT and AAVE emerged among the day’s top gainers.

🚀 MicroStrategy ETF MSTX Trading Volumes Shoot As Traders Enjoy Volatility

The MicroStrategy ETF MSTX, the most volatile ETF in the US, attracts strong trader participation eager to ride on its price swings.

Earlier this week, Defiance Investments launched the Microstrategy ETF MSTX offering 1.75x leverage over the MSTR stock price. The launch of the ETF saw strong trading interest with trading volumes spiking for two consecutive days as traders enjoy the volatility that the ETf brings.

⚠️ Beware Of Crypto Markets Until October: 3 Key Reasons

Crypto markets show bullish signs, but seasonality and macroeconomic conditions may impact growth. Will Bitcoin price hold support levels?

Crypto markets today have been relatively positive, with Bitcoin (BTC) prices up close to 1%. In the short term, investors can expect the bullish outlook from yesterday to continue, catalyzing another crypto market rally. If BTC price fails to hold above a key support level, it could, however, prompt a step crypto market crash.