🤫 Who is flooding the markets with liquidity and why?

Whassup, hodlers and traders? It's the buidlbee team on the air. Ready to ride those bullish waves and turn those red candles into confetti? 🐱‍🏍Time to flex those diamond hands and moonwalk through the crypto cosmos with us! 🚀

Remember, in this wild crypto jungle, FUD is just a fancy acronym for "Find Unicorns Daily," and HODL stands for "Hold On, Don't Leave!" So grab your crypto shades, and let's rock the blockchain like it's a never-ending party! 🎉🥳

And here is today’s rollup:

• China cuts rates, flooding markets with liquidity;

• We continue to watch Binance`s attempts to protect itself from regulators;

• Solana ($SOL) is trying to make up for it;

• Technical analysis*: what to expect from the Chromia ($CHR)?

• Testing Helio ($HAY).

And here's a selection of interesting breaking news:

• On August 15, Vitalik Buterin attended a conference in Taiwan. Taiwan's Minister of Digital Technology Tang Feng said that Vitalik received a Taiwan Employment Gold Card, which allows him to stay in Taiwan for more than 180 days and entitles him to unlimited entry.

• Immutable started the zkEVM test network

• Binance will delist and stop pair trading for the following tokens: SNM, SRM and YFII.

• The European Union has launched the first spot Bitcoin ETF with ticker BCOIN on the Euronext Amsterdam exchange.

• Sei's stacking site has been launched.

• Take-Two Interactive Software, the developer behind Grand Theft Auto, has announced the first crypto game Sugartown on the Ethereum blockchain.

👛 China is forcing its economy to grow

Last week, it was reported that China is showing signs of deflation (otherwise known as negative inflation) for the first time. To combat this phenomenon, China's central bank has cut interest rates and is beginning to inject 204B yuan into the economy. China is now beginning to do what is so highly expected of the US economy, which is now conversely shrinking its 💲 supply.

Why is this important for the world economy? You can clearly see the ratio of China to the US in the chart below — their economies are comparable in size, so China's injection of funds is a very important stimulus factor.

Recall that any meaningful injection of liquidity into the global economy creates the preconditions for the growth of crypto. Therefore, it is worth keeping a close eye on the actions of giants like the US and China.

⚔ Binance is still fighting

Binance is the crypto-economy giant of the world. Any serious problems it faces could very much affect all the other players in the market.

• News reports say that Binance has filed a court petition against the SEC — the exchange wants the regulator to be barred from questioning witnesses on matters outside the scope of the case against it. Binance claims that the SEC has gone on a crusade against it. This statement shows how much pressure is being put on Binance by the regulator, which is alarming for the exchange.

• Binance is once again launching BTC trading with zero fees; the last time this happened, it led to a significant increase in trading volumes on the exchange. Despite the positivity of this news from the perspective of the average user, this decision has a downside.
  
  The fact is that by waiving the commission, the exchange loses a significant amount of revenue, and if Binance is taking such a bold step, it means that the circumstances are such that it is impossible to retain or attract traders otherwise. This suggests that Binance is not doing as well as it seems.

💲 Ideas

[1] 🔔 SOL is the most attractive altcoin at the moment

Just to cite a number of factors that make Solana stand out from the rest:

• The largest influx of new funds among all altcoins (we wrote earlier about this phenomenon in detail);

• The emergence of the Solang language, which allows easy compilation of Solidity DApps into native Solana. This was done to make it as easy as possible for developers to port their platforms to Solana;

• Solana has not yet had a retrodrop cycle;

• Solana has a nascent new DeFi 2.0 with increasing TVL;

• Solana has successfully survived the collapse of FTXAlameda, with which it was previously associated. All the scary stuff is behind the project;

• Value in USD of validation nodes have risen from the bottom several times;

• The network is much more stable and doesn't go down regularly like it used to;

• The NFT ecosystem on Solana is stronger than any other (since summer, according to the statistics we wrote about earlier).

[2] 🔔 Chromia (CHR) has the light at the end of the tunnel. But it's not certain

It looks like Chromia supporters are starting to see light at the end of a long tunnel. At least on a major timeframe, analysts at P_S_trade have spotted two patterns that suggest a change in trend.

Probably, Chromia is preparing a powerful foundation for the upward breakout.

In the meantime, longlists can take a closer look at these points:

• Entry = $0.108-0.110

• Stop = $0.09999 (-7.5%)

• TP 1 = $0.322 (+200%)

• TP 2 = $0.48-0.53 (+360%)

*in the long run, any technical analysis cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

[3] 🔔 Testing a platform from Helio ☀

Helio is a BNB lending and staking platform with its own de-stablecoin $HAI, which in theory can always be exchanged for any other crypto token in the equivalent of 1 $HAY = 1$. Binance Labs has poured $10M into the project. It is now possible to test the platform in the testnet and become an active member of the community. You can also try the platform in mainnet for real BNB tokens.

What to do?

• Go to the site and connect the wallet;

• Request a test BNB through the faucet;

• Borrow and return the token $HAY and try to find bugs on the site;

• Join Discord, follow announcements, and be active.

To the moon and beyond (with a pit stop at the Lambo dealership)! 🏎Stay decentralized and keep it wild! See ya tomorrow! 💲💲💲