US Dollar Technical Analysis: Watch EUR/USD, Setback Could Be Near
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Staying stuck in gloomy bearish seasons has never been the right approach in the market, so when the market isn’t so favourable I tend to always explore various events to stay profitable. Events don’t get more fun and rewarding at same time than spinning events, so when I saw 100% Spin hot coins events on Bitget with Apple sets and other rewards up for grabs, I just had to quickly jump on it. Participation is pretty simple too, one just has to register, make a net deposit using deposit methods to get spins, trade copy or futures trading for more spins, then spin for the rewards. One exciting thing about the event is its extended duration, lasting from August 28 to September 25, giving participants ample time to spin and get incentivized. A fun and rewarding event if you ask me, only be sure to follow the rules to stay eligible. -
By Cryptowarrior · Posted
Today, the U.S. Congress is making history by holding its first-ever hearing on decentralized finance (DeFi). This landmark event could have significant implications for the DeFi sector, including the price of Uniswap (UNI). Key Details of the Hearing Date and Time: The hearing will take place today at 10 a.m. ET. Focus: The session is titled “Decoding DeFi: Breaking Down the Future for Decentralized Finance.” Participants: The Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion will lead the discussion. Notable witness Rebecca Rettig, Chief Legal and Policy Officer at Polygon Labs, will be among those present. Impact on Uniswap Price Uniswap's price is currently showing a bullish reversal pattern, despite ongoing scrutiny from the U.S. Securities and Exchange Commission (SEC). With Uniswap's price approaching a crucial 139% breakout zone, the hearing could be a turning point. As of now, UNI is down 0.54% in the last 24 hours, trading at $6.62, according to Coinpedia Markets data. Why This Hearing Matters The hearing represents a significant shift in how DeFi is perceived by U.S. lawmakers. Republican Congressman French Hill has criticized the Biden-Harris Administration for using "rule-making and enforcement actions" that, he believes, stifle DeFi innovation. As the DeFi landscape in the U.S. is under intense scrutiny, Uniswap stands out as a major player, particularly since it attracted more U.S. users than other countries in August 2024, according to Statista data. Looking Ahead If the hearing results in a favorable policy shift, Uniswap's price could see a substantial increase. Market conditions will play a critical role, but if they remain favorable, Uniswap might be on the brink of a 150% breakout rally. As Congress delves into DeFi, the future of Uniswap and the broader DeFi sector could be set for a significant transformation. -
I recently came across an interesting event on Bitget called "100% Spin Hot Coins! Win your Campus Lucky Draw and Apple Sets." It seems like a promotional campaign where participants can win various digital currencies like PEPE, ****, BGB, KAS, TRX, WIF, and FLOKI, along with Apple products. To join, you need to register and complete the KYC verification process. The event is available to users from specific regions, including the UK, Canada, Australia, and several European countries. The total prize pool is 50,000 USDT, and rewards are given on a first-come, first-served basis. If you're into crypto and enjoy participating in such events, this might be worth checking out. Just make sure to read the terms and conditions carefully before diving in.
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