The post How Yellenâs Treasury Strategies Could Boost the Crypto Markets in Q2 2024 appeared first on Coinpedia Fintech News Secretary Janet Yellen and the upcoming Treasury General Account (TGA) strategies following a significant $200 billion boost in tax receipts. The financial community is buzzing with speculation about Yellenâs potential moves during the 2Q24 refunding announcement next week, especially considering the impact these decisions could have on liquidity, federal funding, and broader market dynamics. As expected tax receipts added roughly $200bn to TGA. Forget about the May Fed meeting the 2Q24 refunding annc comes out next week. What games will Yellen play, here are some options:1. Stop issuing treasuries by running down the TGA to zero, that is a $1tn injection of⊠pic.twitter.com/F6AsShYhr4â Arthur Hayes (@CryptoHayes) April 26, 2024 Understanding the Options on the Table Zeroing Out the TGA â One of the more drastic options would be for the Treasury to cease issuing new treasuries and deplete the TGA entirely, injecting approximately $1 trillion of liquidity into the market. This would be a bold move, signaling a massive shift in treasury management, and could provide substantial stimulus to the financial markets by increasing the amount of cash circulating in the economy. Shifting to Shorter-Term Borrowing â Another strategy could involve moving a significant portion of government borrowing from longer-term securities to T-bills. By doing so, an estimated $400 billion could be shifted away from the Reverse Repo Program (RRP), increasing available market liquidity. This approach would likely adjust interest rates in the short term and could influence investor behavior towards more immediate, less risky investments. Combining Strategies for Maximum Impact â The most aggressive strategy would involve stopping long-term treasury issuance and shifting all borrowing to T-bills while simultaneously running down both the TGA and RRP. This combined move would unleash around $1.4 trillion into the market. Such an unprecedented injection could dramatically alter market liquidity and potentially lead to significant shifts in asset prices, including equities and cryptocurrencies. Potential Market Reactions If Yellen decides to implement any of these strategies, the stock market would likely be the immediate beneficiary, as increased liquidity typically fuels asset price increases. Foreseeing lower interest rates and more cash flowing into the market, investors might drive a significant rally in equities, often called âstonks.â Moreover, the cryptocurrency market, which tends to benefit from increased liquidity and risk appetite, could see a re-acceleration in its bull market. Crypto investors, sensitive to shifts in macroeconomic indicators and liquidity injections, would likely view these treasury strategies as bullish signals. Market participants are advised to watch Yellenâs moves closely as the decision looms. Her actions could define her legacy as a decisive economic steward and potentially set the stage for the next big rally in both traditional and digital asset markets. Whatever the decision, one thing is clear: Yellenâs influence on the market is profound, and her strategic choices could have long-lasting impacts on the economic landscape.
The post Top 19 Altcoins to Stack Now For 15x Return in Next 97 Days appeared first on Coinpedia Fintech News In the latest insightful video, Aaron from Altcoin Daily delves into the current crypto scenario, highlighting key market developments and sharing his top picks for quality altcoins poised for growth. Letâs unpack his analysis and explore the altcoins heâs bullish on. Aaron kicks off by emphasizing the exciting time for investors to consider quality altcoins, especially amidst Bitcoinâs consolidation and upcoming events like the launch of spot Bitcoin and Ethereum ETFs in Hong Kong. Here are the Top 19 Picks Ready to Hit 15X! Ethereum (ETH) Starting with ETH. Analyst says despite regulatory challenges, investors remain bullish on Ethereum, citing its decreasing supply and widespread adoption by major institutions like Coinbase and BlackRock. Shiba Inu (SHIB) Ecosystem â Treat Token Aaron highlights Treat as an upcoming coin within the Shiba Inu ecosystem, backed by significant funding and support from major investors. Foxy (FOXY) With support from ConsenSys, Foxy stands out as a meme coin worth considering, leveraging its association with a prominent Ethereum consensus company. Solana (SOL) Aaron emphasizes Solanaâs bullish prospects, fueled by Stripeâs decision to reintroduce crypto payments on its platform using USDC on the Solana blockchain. Star Atlas (ATLAS) Positioned as one of the biggest games on Solana, Star Atlas receives recognition for its contribution to the ecosystem and growing transaction volume. Rainmaker (RMK) Aaron highlights Rainmakerâs strategic partnership with Animoca Brands, signaling significant advancements in AI development within the crypto space. AIT Protocol Aaron discusses AIT Protocolâs partnership with Animoca Brands as a significant milestone for AI development, paving the way for global growth and native application expansion. Bonsai (BONS) Positioned as infrastructure for Web3 ecosystems, Bonsai offers tailored token creation solutions for blockchain projects, facilitating product launches and adoption. Injective (INJ) With the upcoming 3.0 upgrade, Injective promises enhanced tokenomics, positioning itself as one of the most deflationary assets in the market. Polkadot (DOT) Despite recent fluctuations, Polkadot unveils Jam, a major upgrade focused on scalability and distributed computing, reinforcing its position as a leading blockchain solution. Mina Protocol (MINA) Aaron highlights Mina Protocolâs Berkeley upgrade, introducing enhanced ZK programmability and enabling off-chain computation for smart contracts and dApps. SuperVerse (SUPER) Positioned as a coin ecosystem integrating with major crypto games, SuperVerse continues to forge partnerships and expand its reach within the gaming space. Karate (KARATE) Karate Combatâs integration of a Sports League DAO enables fans to influence the leagueâs decisions via on-chain voting, fostering transparency and community engagement. Easy (EASY) Next up is Easy, Easyâs seamless integration with By Economy, signaling significant developments in the crypto payments space and expanding Easyâs utility. BONY (BONY) BONYâs integration with Easy highlights its growing presence in the crypto payments ecosystem, offering users seamless payment solutions. Chainlink (LINK) Chainlink debuts a new protocol aimed at boosting cross-chain interoperability, positioning itself as a key player in facilitating data exchange between blockchain networks. Star Atlas (ATLAS) Aaron highlights Star Atlasâs significance within the Solana ecosystem, emphasizing its contribution to transaction volume and decentralized gaming adoption. Rainmaker (RMK) Through its partnership with Animoca Brands, Rainmaker accelerates AI development, expanding its applications and driving global growth. AIT Protocol AIT Protocolâs strategic investment from Animoca Brands marks a significant milestone, propelling AI development and native application expansion.
The post Near Protocol Price Soars As AI Hype Rises! NEAR To Hit $10 Soon? appeared first on Coinpedia Fintech News The cryptocurrency industry continues to display a mixed sentiment as the volatility within the crypto market is constantly rising. Moreover, market leaders, Bitcoin and Ethereum price continue to hover close to their respective support levels, indicating uncertainty in future price action for this crypto token. On the other hand, the NEAR price has added approximately 10% within the past 24 hours and 35.86% over the past seven days, indicating a high potential for a bullish price action during the upcoming month. Near Protocol Token Hints A Bullish Breakout: After displaying a bearish trend since the start of March, the NEAR price has displayed a strong bullish reversal in the chart by adding 9.86% within the past 24 hours, indicating increased buying-over-selling pressure for the altcoin in the cryptocurrency industry. TradingView: NEAR/USDT Moreover, it has added approximately 35% over the past seven days. Positively, this altcoin has displayed a bullish pattern in the 1D time frame with a high possibility of a breakout rally during the upcoming week, indicating a positive outlook for the Near Protocol token in the coming time. The Moving Average Convergence Divergence (MACD) shows a rising green histogram, indicating an increase in the buying pressure within the crypto market. Furthermore, the averages show a constant rise, suggesting a bullish outlook for the altcoin in the coming week. Will NEAR Price Continue Rising? If the market pushes the price above the resistance level of $7.685, the bulls will prepare to test its upper resistance level of $9. Moreover, if the bulls hold the price at that level, it will set the stage for the Near Protocol price to attempt to test its upper level of $10.50 during the upcoming month. Conversely, if the bears overpowered the bulls, the NEAR price would start trading under a negative influence and test its support level of $6.225. Further, if the bulls fail to hold the price at that level, it will plunge and prepare to test its lower support level of $5.
Even a small 2.25% decline this weekend could trigger the liquidation of over $500 million in Ether long positions.
The cryptocurrency market is abuzz with the meteoric rise of $MANEKI, a token that has skyrocketed by over 30,000% since its inception. In the past 24 hours alone, the price of Maneki has surged by an impressive 50%, with its market capitalization reaching $192.6 million, and it is currently trading at $0.02167. Recent data from dex screener highlights the remarkable performance of Maneki, cementing its position as one of the hottest assets in the crypto space. However, amidst this surge, traders and holders of the Maneki token are advised to closely monitor the activity of seven specific wallets. The price
The SEC alleged Geosyn Miningâs co-founders misappropriated $1.2 million of its investorsâ funds, spending it on holidays, nightclubs and firearms.
In a strategic move aimed at consolidating and enhancing its network capabilities, BNBChain is gearing up to introduce liquid-staking functionality on the BNB Smart Chain (BSC) network.
Airdrops from two cat-themed memecoins may have paid off the entire pre-order value of the Solana âChapter 2â mobile device.