Dubai: Crypto & Coffee at 8: 🚨 19th Sep 🚨 🔻The global crypto market is down to $946 Billion🔻 FOMC Meeting 🚨on 20th & 21st 💥 Animoca Brands Brand’s Sandbox to launch metaverse in Dubai
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19th Aug

🔻The global crypto market is $946 Billion🔻 FOMC Meeting 🚨on 20th & 21st could determine the price of crypto for the rest of the month!

👀 Meanwhile, the volume of all stablecoins is now at $51.24B ( Not ideal) as it makes CBDC use case easier. See slides 1& 2 below.

🚦 The FOMC meeting takes place on 20th & 21st. The Federal Reserve Board will release the details of the Info can be found here

https://bit.ly/3ApMWe4 Fed Chair Jerome Powell will go live via YouTube & will announce the next interest hike! Most likely another 75bps or 50 bps? CNBC article states the Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows https://cnb.cx/3BopajK But with mid-term elections coming up will the interest rates be less than anticipated? Financial Express (India) feels the Fed may announce a 50–75 bps rate hike in Sep monetary policy as inflation persists https://bit.ly/3qNU7Zy

⚡ #ETH & #BTC metrics

💥 Centralization/ Accumulation of Bitcoin

BTC whales & long-term hodlers now own 13.62 Million BTC

Glassnode’s data indicates that the long-term holders of the world’s most valuable digital currency now own approximately 13.62 million Bitcoin, the highest level on record.

🚫 #fact: People who benefitted from Bitcoin are

• Early adopters

• Multibillionaires & Millionaires

• Financial institutions & Celebrities

❓ How many people from 1st world developed countries vs. underdeveloped countries have benefitted from Bitcoin?

👎🏻 El Salvador did make Bitcoin a legal tender. What was the outcome?

Seeking Alpha has reported that El Salvador’s debt rating is cut again at Fitch Ratings. Downgraded to CC. Official report here https://bit.ly/3Sf4EIS & article here https://bit.ly/3SfdwhG

❗BTC price predictions are 100% right- 50% of the time❗

👤 Goldman Sachs economists led by Jan Hatzius bearish macro outlook puts Bitcoin at risk of crashing to $12K The prediction is based on Federal Reserve Board rate hikes. They noted that the U.S. central bank would increase rates by 0.75% in September and 0.5% in November, up from their previous forecast of 0.5% and 0.25%, respectively

🤔 We Blockchain DXB feel as the Mid-term elections are a few months away we may see a temporary pump in the stock market & the price of cryptocurrencies

A few weeks ago the number of non-zero Ethereum addresses just reached an ATH of 85,367,215 Glassnode mentioned via Twitter here https://bit.ly/3qTwyOV. The number has increased by now

💭 Post Merge an Ethereum whale has transferred 109,515 ETH from an unknown Wallet. Info via Whale Alert here https://bit.ly/3SecQJv The overall value of the transfer stands at around $150 million. the price of #ETH has significantly dropped since then

⚡UAE (Check slides)

💥 Dubaiverse: Animoca Brands Brand’s Sandbox to launch metaverse in Dubai, and other global cities

💥 NOSTRAVERSE to launch UAE subsidiary, hire over 100 employees for ambitious Metaverse project

For slides click here: https://bit.ly/3Btfc0r

LinkedIn Profile: https://bit.ly/3AAN504

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