Meme Coin Takeover Teams Face Potential Legal Issues, Including Misleading Marketing and Intellectual Property Infringement The rise of meme coins in 2024 has been driven by community takeovers, where early investors take control of projects like Billy and Gigachad. However, legal experts warn that these community takeover teams could face legal issues, such as misleading marketing and fraud. They may also infringe on intellectual property rights if they use the original developer's branding without permission.

Solana Meme Coin Billy Is Now the Second Largest Project on a pump platform Solana meme coin Billy (BILLY) has surpassed a $100 million market cap as the community took over the project after the original developer sold all of their tokens. Despite attempts to promote other coins, Billy's market cap soared 97% to $117 million, making it the second-largest token launched through the platform.

Gold trend: Multiple good news are coming, gold price returns to 1860! Should we pursue or not? Multiple good news are coming, gold has its largest single-day gain in five months! Gold jumped short and opened higher on Monday (October 9), and then further climbed to an intraday high of $1,863.4, up 1.57%, setting the largest single-day increase in more than five months since May 2, and recording two consecutive days of gains. It rose and returned to above $1860. It is worth noting that gold has been falling throughout September, and once broke through the $1,820 level, with a cumulative decline of 7%! Therefore, the market is speculating that gold's current rise may be a "deep rebound" rather than a true market reversal. However, the author believes that since gold’s current rise is driven by many factors, this means that the rise will not end soon. Last Saturday (October 7), the Palestinian armed organization Hamas announced the launch of military operations against Israel. The Israeli-Palestinian conflict escalated without warning, was large-scale, highly destructive, and involved the Lebanese Hezbollah, which is closely related to Iran. This caused the market to worry that the incident might eventually evolve into the "Sixth Middle East War." Money poured into the U.S. dollar and gold sought a safe haven, causing both to rise. The geopolitical situation often has the greatest impact on gold, so the progress of the Israeli-Palestinian conflict should undoubtedly be seen as dominating the current gold market. As far as the current situation is concerned, the United States has not adopted sanctions against Iran, and the war has not spread further to the Middle East. If the situation is finally controlled, it is expected that the power of risk aversion to support gold's rise may dissipate. On the other hand, Federal Reserve Vice Chairman Philip Jefferson hinted on Monday (October 9) that if long-term interest rates remain high due to rising term premiums, the need for interest rate increases may be reduced, as long-term Treasury bond yields Rising interest rates will directly affect the financing costs of households and businesses. 10-Year Treasury Bond Yield vs Gold Since March 2022, the Federal Reserve has raised interest rates a total of 11 times to curb high inflation, pushing interest rates to between 5.25% and 5.5%. The Federal Reserve's latest policy meeting on September 25 "hovered like an eagle", implying that the road to normalizing inflation is still "difficult". The 10-year Treasury bond yield once soared to 4.887%, the highest since 2007 level, and led to panic selling in global stock markets. Furthermore, the impeachment of U.S. House Speaker Kevin McCarthy means that the risk of a U.S. government shutdown in November at the end of this year has increased, which has provided support to gold. From a mid- to long-term perspective, the inflation problem has not yet been resolved, and it is expected that the tightening monetary policies of European and American central banks will still suppress the medium-term market price of gold, a non-interest-bearing asset. However, with both politics and the economy in turmoil, the Federal Reserve may remain relatively "dovish" before the U.S. government shutdown crisis, giving gold an opportunity to rebound. The customer sentiment report shows that gold is in a long-short conflict stage. Investors can focus on the U.S. September CPI released on Thursday (October 12) and the minutes of the Federal Reserve’s monetary policy meeting, which are expected to intensify gold volatility. If the U.S. CPI data rebounds for three consecutive months in September, it is expected to put pressure on gold. Gold technical analysis: The mid-term rebound is approaching, or it may rise above 1900 The weekly chart shows that gold has been fluctuating in a large range since 2020, and recently gold has stabilized around $1,820 to build a rebound. This level is the midline of the range, indicating strong support. Looking forward to the market outlook, although it is not yet completely confirmed that the gold price trend has reversed, there is a need for rebound correction after gold's decline in the past five months. It is expected that gold will rely on $1,820 to build a rebound and eventually attack the resistance above $1,900. Investment Investors have also turned bullish on the trend of gold prices in the coming weeks. (Source: Dailyfx-Billy Liao)

The dollar ends its 11th consecutive week of gains! Gold, Silver, LME Copper Technical Analysis Gold technical analysis: Be wary that gold prices have bottomed at $1,820 The daily chart shows that gold relies on $1,820 to build a rebound and is currently back above $1,850. Although indicators such as MACD show that the decline in gold prices since early May has not been reversed, considering the fall in the U.S. dollar coupled with rising geopolitical risks, $1,820 Factors such as the strength of support cannot rule out the possibility that gold prices have bottomed out at $1,820. Looking forward to the market outlook, investors can focus on whether this round of bullish offensive can recover the $1,890 level in one fell swoop. This will be regarded as the mid-term long-short boundary. If it is effectively recovered, the price of gold can be bullish (around 1,860) after it falls back again; if it fails to recover, , then there is still room for another downward trend in the market outlook to test the support near the early low of 1820. (Source: Dailyfx-Billy Liao)

Merrill Lynch Treasury Volatility (MOVE) Index surged sharply, and gold may be "difficult" in the future The largest long-term U.S. Treasury bond ETF has suffered its biggest drop on record on expectations that the Federal Reserve will keep interest rates high for longer. The $39 billion iShares 20+ Year U.S. Treasury Bond ETF is now down 50% from its all-time high in 2020. According to data from IHS Markit Ltd, the intensity of short selling on the ETF is further increasing, with short positions accounting for the proportion of outstanding fund shares reaching the highest level in about a month. It is foreseeable that as the Federal Reserve will keep interest rates at high levels for a longer period of time and U.S. bond yields rise further, the attractiveness of gold, a non-interest-bearing asset, will continue to decline, which may further suppress gold. At present, the price of gold has once again broken through US$1,920 to a session low of US$1,913, and the bears are willing to further test the 1,900 mark. It should be noted that the MOVE index is currently recovering near the low since March 2022. This level is the node where the Federal Reserve begins its tightening cycle and has strong support. However, the trend of the MOVE index and gold is not completely "negatively related". The rise in the Merrill Lynch Treasury Volatility (MOVE) index in some extreme cases reflects the crazy influx of funds that push up bond prices. Investors need to be wary of risk aversion in the market. Sentiment has risen sharply, and U.S. bonds and gold may become the favored varieties of funds. Investors can focus on the U.S. core PCE price index released this week on Friday (September 29). In addition, the market is focusing on "grey rhino" events such as the U.S. government "shutdown", U.S. auto workers' strikes, and the Bank of Japan's foreign exchange intervention. Gold technical analysis: The downward trend has not yet been reversed, be wary of the possibility of testing 1900 The daily chart shows that gold is subject to the overlapping resistance level of Gann 2/1 line and 1950, and then fell below $1920, suggesting that the overall decline since the beginning of May has not been reversed. Looking forward to the market outlook, gold may consolidate around the $1890-1950 range. However, if it breaks through the 1900 mark or even effectively falls below the previous low of $1885, we need to be wary of gold's further downward trend in the market outlook to test the $1850 or even $1800 level. (Source: Dailyfx-Billy Liao)

The strong trend of the US dollar may continue! Gold technical analysis The Federal Reserve's September interest rate resolution announced in the early morning of last Thursday (September 21) announced that the target range for the federal funds rate would remain unchanged at 5.25%-5.5%. The Federal Reserve has significantly raised its forecast for U.S. GDP growth in 2023 from 1% to 2.1%, while also lowering its unemployment rate forecast for 2023 to 3.8% from 4.1% in June. Gold technical analysis: The downward trend has not been reversed, and the direction of least resistance is downward. The daily chart shows that gold has repeatedly attacked the resistance of $1,950 but failed, suggesting that the overall decline since the beginning of May has not been reversed, and $1,950-60 should be regarded as the mid-term long-short dividing line. Looking forward to the market outlook, gold may consolidate around the $1890-1950 range, but if it effectively falls below the previous low of $1885, the market outlook is expected to further decline to test the $1850 or even $1800 level. (Source: Dailyfx-Billy Liao)

Gold: European stocks fell, can gold prices "turn around" after rising for three consecutive days? Will long-short divergence and panic drive gold strength? There is no doubt that the market's pessimistic expectations for the European economy are the main reason for the decline in European stock markets. The market is currently focusing on the interest rate policy meetings held by the US Federal Reserve (Fed) and the Bank of England (BoE) this week. The focus of this Federal Reserve interest rate decision lies in two important aspects: first, the peak of the federal funds rate target range; second, the Federal Reserve's interest rate outlook in 2024. Simply put, the market will focus on how high interest rates will go and for how long. The author believes that the current market focus is on the differences between Wall Street and major central banks on the monetary policy process. Wall Street hopes that major central banks will end interest rate increases as soon as possible and turn to interest rate cuts. JPMorgan warned that the S&P 500's 16% gain this year is at risk as real interest rates and the cost of capital move further into restrictive territory. However, due to rising international energy prices and slow declines in rents, U.S. inflation is expected to continue its rebound, while the labor market remains resilient. A series of upcoming developments indicate that the Federal Reserve may maintain high levels for a longer period of time to suppress inflation. Therefore, investors need to be alert to subsequent market risk sentiment and sharp interest rate cuts as U.S. stocks, European stocks and even Asian stocks correct. The question is, how far can gold go amid panic? The author reminds that the 10-year U.S. bond yield currently remains above 4.3%, and it may still take time for real interest rates to fall, which means that the opportunity cost of holding gold in the short term is higher. With the "difference" between European and American economies highlighted, it is expected that market safe-haven funds will flow into the US dollar and support the US dollar's rise, which will hinder the upward trend of gold. The U.S. dollar index currently remains consolidated below 105.5, which is the Gann 2/1 line level. Its gains and losses will be regarded as one of the keys to long and short positions in the mid-term. If the US dollar further breaks through 105.5, it is expected that the upside space will be further opened and put pressure on gold. Gold technical analysis: short sellers have the advantage, be wary of possible downside breaks Gold was supported by US$1,900 and rebounded to US$1,930, but it still faces strong resistance in the area of 1,950-60 US dollars. It is expected to be organized around the 1,900-1,960 US dollars range in the short term, and the gains and losses of 1,930 US dollars as the midline of the range have reference significance for the market outlook. Looking forward to the market outlook, since gold has not risen above the resistance near the Gann 2/1 line of $1,950, it is judged that gold prices will continue to fall since the beginning of May. It cannot be ruled out that it will fall back again to test the support of $1,900 or even $1,870. (Source: Dailyfx-Billy Liao)

LME copper inventories rise to one-year high! Gold, Silver, LME Copper Technical Analysis Gold technical analysis: The rebound may not be over yet, be wary of the possibility of breaking through and going up The daily chart shows that gold stabilized and recovered after finding support above the 1900 mark. It has now rebounded to $1928, in line with expectations. On the whole, gold maintains a consolidation pattern in the range of 1900-1960 US dollars, waiting for direction selection. It is expected that there is still room for further rebound in the short term. The top focus is on 1937 and 1956 US dollars. However, it should be noted that the adjustment of gold since the beginning of May has been relatively gentle, and the adjustment structure is relatively sufficient. Once gold breaks through the upper track of the downward channel of $1937, it is expected to trigger an influx of buying. If it breaks through the previous high of 1956, it is expected that Confirming the start of a mid-term uptrend, investors need to be wary of the possibility of a retaliatory rebound in gold. (Source: Dailyfx-Billy Liao)

Gold: US CPI may detonate gold prices. How to grasp the long-short differences? Gold is blocked in 1950 and "is retreating steadily", the U.S. CPI in August may detonate the market Gold has been "retreating" since its rebound on September 1st was blocked by 1950. On Tuesday (September 12th), it further broke through US$1,810 to an intraday low of US$1,907, setting a new low in more than two weeks since August 25th. As the author mentioned before, are the Fed's current interest rates restrictive enough? A series of issues such as the Fed's tolerance for core inflation and whether the hysteresis of monetary policy can be fully released remain unresolved. This may lead to the risk of further increases in U.S. real interest rates (the real interest rate is approximately the nominal interest rate minus inflation). It is difficult for gold prices to rise at this stage. Make a meaningful breakthrough. However, on Wednesday (September 13), the market will usher in the heavyweight U.S. CPI in August. Given that the Federal Reserve relies on data, the August CPI is expected to provide important clues to the upcoming Federal Reserve interest rate decision in September. The market currently expects that the overall CPI will continue to rebound from 3.2% in July to 3.6% year-on-year; it will increase by 0.6% month-on-month, much higher than the 0.2% monthly increase. However, core CPI is expected to slow further to 4.3% year-on-year from 4.7% in July. The core CPI is slowing down and the overall CPI is rebounding. Gold technical analysis: short sellers have the advantage, be wary of possible downside breaks The author continued to fall after the rebound was blocked by the resistance of 1950-60 US dollars. A series of lower lows and lower highs indicate that the downward trend has not been reversed. At the same time, gold currently breaks through the support of US$1,920, and it is not ruled out that gold may further break down after the release of US CPI data. Looking forward to the market outlook, it is expected that gold will tend to fall further to test the support of the 1900 mark. If it breaks down, it may further decline to test the 1870 support. (Source: Dailyfx-Billy Liao)

A rebound in inflation may be "inevitable"! Gold, Silver, LME Copper Technical Analysis Gold technical analysis: The rebound is blocked at 1950, and the market outlook tends to fall further The daily chart shows that gold continues to fall after being blocked at $1,950, highlighting the lack of willingness by bulls to make further gains. At present, gold has temporarily stabilized at $1,920, and may show a narrow range consolidation pattern in the short term. However, the battle for gold's long and short positions is not over. Since 1950 cannot be effectively recovered, short sellers are expected to move further towards the $1,900 mark. Generally speaking, the direction of gold's smaller resistance in the market outlook is still downward. If it effectively breaks through 1920, the market outlook will be downward to test the support near 1900, 1880 and 1860 US dollars. (Source: Dailyfx-Billy)

Gold: Upside 1950 "return without success", the direction of least resistance is still down! Gold’s attack on 1950 “returns without success”, and it is difficult for U.S. real interest rates to fall under uncertainty Gold has continued to attack $1,950 in the past week, but it has recorded a decline in the past three trading days, suggesting that the bulls lack the willingness to attack further. It also shows that the level of $1,950 is of great reference value for gold's medium-term trend. In fact, gold's rally began at the global central bank annual meeting in late August, with a cumulative increase of nearly $70. Federal Reserve Chairman Jerome Powell emphasized his observation of "core inflation" at the meeting. In addition, in order to bring inflation down to the target, the Federal Reserve may maintain monetary tightening policy for longer. But on whether to raise interest rates again, Powell said he would proceed with caution. In short, are the Fed's current rates restrictive enough? A series of unresolved issues such as the Fed's tolerance for core inflation and whether the hysteresis of monetary policy is fully released, which leads to the risk of further increases in U.S. real interest rates (the real interest rate is approximately the nominal interest rate minus inflation), and gold in this case It is expected that it will be difficult to maintain the strong gains since the August decline. It is worth noting that the number of new non-farm jobs announced on Friday (September 1) increased by 187,000 in August, which was higher than the market expectation of 170,000. The U.S. unemployment rate in August increased from 3.5% in July. It unexpectedly rose 0.3 percentage points to 3.8%, setting a new high since February last year. Although the Federal Reserve is happy to see a rise in the unemployment rate, it also reflects the signs of recession in major developed economies in Europe and the United States. In particular, it is worth noting that the US consumer confidence index for August released last Tuesday (August 29) fell to 106.1, far below market expectations. Given that personal consumption expenditure accounts for 70% of the U.S. economy, the increase in unemployment is expected to shake consumer confidence in the economic situation, thereby reducing consumption, negatively affecting the economy, and pushing inflation down. There is no doubt that the Federal Reserve’s interest rate decision in September will bring more clues to the market. From a mid- to long-term perspective, the U.S. debt risks caused by the Federal Reserve approaching the "end" of its interest rate hike cycle or continuing to raise interest rates and the Chinese real estate crisis are expected to boost gold. However, the huge uncertainty indicates that the direction of least resistance for gold prices in the short term is still downward. It is worth noting that last week, the U.S. non-agricultural data for August was released. The U.S. dollar and U.S. bond yields first fell and then rebounded sharply. The market regarded this as the U.S. economy being "resilient." But in any case, the 10-year U.S. Treasury yield remaining above 4% will undoubtedly hinder the rise of gold. The key focus of gold long and short is 1970, and the direction of least short-term resistance is downward The author has repeatedly emphasized the importance of gold's resistance in the 1950-60 area, but measurement based on the Gann 2/1 line level shows that whether it is turning upward or the bearish trend coincides with 1970, and the continued restraint by 1950 highlights the mid-term trend of gold. Weak performance. In addition, gold is currently in an important short-term time window. Considering that gold has repeatedly attacked 1950 without success, it is expected that the gold market outlook will further fall to test the support of the 1900 mark. Investors can pay attention to the support of 1918, 1900, and 1870 in the short term. (Source: Dailyfx-Billy)

The dollar has risen for seven consecutive weeks! Technical Analysis of Gold, Silver and LME Copper Gold Technical Analysis: The key node in the mid-term direction, 1950-60 is the key to long and short competition The daily chart shows that gold currently maintains consolidation below the 1950-60 US dollar area, and the overall situation has not escaped from the central range consolidation since January 2023. It is worth noting that, on the premise that gold holds the $1,900 mark, it will show strong overall characteristics, and any breakthrough in the 1950-60 area in the future market will be regarded as a signal of short-term trend reversal, which is expected to trigger more buying influx. However, if gold repeatedly attacks 1950 but fails, we need to be wary of another test of support below $1900 in the future. (Source: Dailyfx-Billy Liao)

Golden Finance reported that Billy Markus, the co-founder of Dogecoin, posted on The platform fork only had one-third of its revenue 14 days ago, but it is still grateful for "this gift". The reason for the shrinking revenue may be that fewer and fewer users are willing to pay. According to previously disclosed data, Billy Markus is the second largest earner on the X platform. The largest earner is the "Internet Hall of Fame" with 1.9 million fans.

Jinse Finance reported that Dogecoin DOGE founder Billy Markus admitted on social media that he created Dogecoin with Jackson Palmer and introduced this MEME coin to the market in 2013, and one of the factors that helped him create Dogecoin One is Twitter (now renamed X), but he didn't try to use the social media platform until 2020, but introducing Dogecoin to the crypto community on social media in the early years has greatly helped the project. Musk had previously considered adding DOGE as a payment option on Twitter, but has not commented on the matter since the acquisition and rebranding to X.

Golden Finance reported that Billy Markus, the co-founder of the Dogecoin project, recently interacted with the crypto community on the X social media platform, revealing his personal preference for virtual currencies and revealing the technical basis of Dogecoin. Emphasizing a prudent approach to investing, Markus said that my number one rule of thumb for investing in cryptocurrencies is to never put more money in than you are willing to burn in the fire. Additionally, Markus revealed that he likes Bitcoin (BTC) and Ethereum (ETH) the two leading cryptocurrencies by market capitalization. Markus expressed his views on Dogecoin bluntly. He compared Dogecoin to Bitcoin in dog clothes, emphasizing Dogecoin's relaxed spirit.