💰 A descending triangle pattern is printed on #bitcoin. Breakout to the upside only has a 20% chance, while breaking down 80% chances likely.
Holding shorts for now, Upside breakout level to watch is $28k, And current support is at $26k - $25k.
Holding shorts for now, Upside breakout level to watch is $28k, And current support is at $26k - $25k.
📌XRP Whale Transfers Huge Amount of Xrp In Exchanges
➡️Two significant XRP whale addresses have recently made substantial transfers to Bitstamp and Binance.
The transfers have coincided with Ripple’s unlocking of 1 billion tokens for June.
The on-chain investigation has hinted at a potential association between one of the whale addresses and Ripple.
➡️
Two noteworthy addresses associated with Xrp Whales have recently made substantial transfers of approximately 100 million xrp, equivalent to $51 million, to the popular cryptocurrency exchanges Bitstamp and Binance
➡️Two significant XRP whale addresses have recently made substantial transfers to Bitstamp and Binance.
The transfers have coincided with Ripple’s unlocking of 1 billion tokens for June.
The on-chain investigation has hinted at a potential association between one of the whale addresses and Ripple.
➡️
Two noteworthy addresses associated with Xrp Whales have recently made substantial transfers of approximately 100 million xrp, equivalent to $51 million, to the popular cryptocurrency exchanges Bitstamp and Binance
BTC volatility is lower than Meta and Amazon, but higher than gold and Apple
Volatility shows the rate of change in the price of an asset over a period. The higher it is, the more the price can change and the riskier the investment in this asset
📊The value of the average 30-day volatility:
⚡️ Gold - 15%
⚡️ Apple - 23%
⚡️ Bitcoin - 32%
⚡️ Amazon - 40%
⚡️ Meta - 49%
Volatility shows the rate of change in the price of an asset over a period. The higher it is, the more the price can change and the riskier the investment in this asset
📊The value of the average 30-day volatility:
⚡️ Gold - 15%
⚡️ Apple - 23%
⚡️ Bitcoin - 32%
⚡️ Amazon - 40%
⚡️ Meta - 49%
The Securities and Exchange Commission (SEC) has filed a case against Binance, the largest global cryptocurrency exchange.
According to the SEC, Binance has been accused of intermingling customer funds amounting to billions of dollars and covertly transferring them to a distinct company, Merit Peak Limited. This company is reportedly under the control of Binance’s founder, Changpeng Zhao, who is widely known in the cryptocurrency world as “C.Z.”
The charges also implicate the firm is misleading investors about its ability to manage manipulative trading and insufficiently restricting U.S. investors' access to its unregulated exchange.
According to the SEC, Binance has been accused of intermingling customer funds amounting to billions of dollars and covertly transferring them to a distinct company, Merit Peak Limited. This company is reportedly under the control of Binance’s founder, Changpeng Zhao, who is widely known in the cryptocurrency world as “C.Z.”
The charges also implicate the firm is misleading investors about its ability to manage manipulative trading and insufficiently restricting U.S. investors' access to its unregulated exchange.
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📺 Polygon Labs president testifies on democratizing the internet with Web3, blockchains:
"When regulation does not meet novel technology where it is, the U.S. loses its competitive edge over other countries".
"When regulation does not meet novel technology where it is, the U.S. loses its competitive edge over other countries".
🔻More than half of the Bitcoin (BTC) held on cryptocurrency exchanges has been transferred outside of the United States in response to regulatory factors.
➡️As a result of ambiguous regulations in the United States, a significant portion of the bitcoin (BTC) held by cryptocurrency firms on behalf of their customers has been transferred to offshore and international exchanges. A research report from CryptoQuant, which was shared with CryptoPotato, reveals that BTC reserves on U.S.-based crypto exchanges have declined to levels comparable to those seen in 2017, as these funds are being redirected to platforms located outside the United States.
➡️As a result of ambiguous regulations in the United States, a significant portion of the bitcoin (BTC) held by cryptocurrency firms on behalf of their customers has been transferred to offshore and international exchanges. A research report from CryptoQuant, which was shared with CryptoPotato, reveals that BTC reserves on U.S.-based crypto exchanges have declined to levels comparable to those seen in 2017, as these funds are being redirected to platforms located outside the United States.
📊 Big Week Ahead:
This week, the US🇺🇸 , Europe 🇬🇧 , and Japan 🇯🇵 will all announce central bank interest rate decisions.
CME expects a 75% probability that the Fed will not raise interest rates on June 14, and a 24% probability that it will raise 25bps.
In addition, the US CPI for May will be announced this week before the #FOMC.
This week, the US🇺🇸 , Europe 🇬🇧 , and Japan 🇯🇵 will all announce central bank interest rate decisions.
CME expects a 75% probability that the Fed will not raise interest rates on June 14, and a 24% probability that it will raise 25bps.
In addition, the US CPI for May will be announced this week before the #FOMC.
Vitalik Buterin has posted a new article "The Three Transitions" 🔤
ㅤ
In it he highlighted three important aspects:
1️⃣ L2 expansion is vital for Ethereum scalability. With the manifestation of Optimistic Rollup and Zero Knowledge-Rollup solutions, which help reduce transaction costs, most activity is still happening on the core network, which means we need to push development and scalability to L2. Otherwise, the Ethereum network could suffer from increased transaction fees, especially during bull market periods.
2️⃣ Wallet security needs to be improved to increase user trust. For security reasons, users may stop keeping their funds on the Ethereum network and will go to CEXs, which is very bad for DEXs.
3️⃣ Increased privacy is necessary for further Ethereum adoption, both for standard funds transfer and for its other applications. He noted that public transactions "are too expensive for users, so everyone is moving to centralized solutions that hide personal data to at least some degree." To combat this, Buterin suggested introducing hidden-address protocols to increase privacy.
Original article here ⬅️
ㅤ
In it he highlighted three important aspects:
1️⃣ L2 expansion is vital for Ethereum scalability. With the manifestation of Optimistic Rollup and Zero Knowledge-Rollup solutions, which help reduce transaction costs, most activity is still happening on the core network, which means we need to push development and scalability to L2. Otherwise, the Ethereum network could suffer from increased transaction fees, especially during bull market periods.
2️⃣ Wallet security needs to be improved to increase user trust. For security reasons, users may stop keeping their funds on the Ethereum network and will go to CEXs, which is very bad for DEXs.
3️⃣ Increased privacy is necessary for further Ethereum adoption, both for standard funds transfer and for its other applications. He noted that public transactions "are too expensive for users, so everyone is moving to centralized solutions that hide personal data to at least some degree." To combat this, Buterin suggested introducing hidden-address protocols to increase privacy.
Original article here ⬅️
🟢 MakerDAO purchases $700 million in Treasury bonds, grows holdings to $1.2 billion — link
⛔️ Important points to note about #PrimeTrust :
1. The planned acquisition of Prime Trust by #BitGO has been canceled.
2. Prime Trust has filed for bankruptcy and has received a cease and desist order from Nevada regulators.
3. Prime Trust serves as the custodian partner for BinanceUS, #CoinMetro, and TUSD assets.
4. There have been concerns raised about the creation of a significant amount of TUSD out of thin air, and Binance has introduced incentives to encourage users to trade with TUSD.
5. Users have received emails from #TUSD informing them that they can no longer redeem or create new TUSD due to issues related to Prime Trust.
6. On #BinanceUS, USDT has experienced a depegging, and #BNB is facing challenges in maintaining a price above $250 despite a positive market trend.
Recent pump could be a bull trap!
1. The planned acquisition of Prime Trust by #BitGO has been canceled.
2. Prime Trust has filed for bankruptcy and has received a cease and desist order from Nevada regulators.
3. Prime Trust serves as the custodian partner for BinanceUS, #CoinMetro, and TUSD assets.
4. There have been concerns raised about the creation of a significant amount of TUSD out of thin air, and Binance has introduced incentives to encourage users to trade with TUSD.
5. Users have received emails from #TUSD informing them that they can no longer redeem or create new TUSD due to issues related to Prime Trust.
6. On #BinanceUS, USDT has experienced a depegging, and #BNB is facing challenges in maintaining a price above $250 despite a positive market trend.
Recent pump could be a bull trap!
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Billionaire and legendary Wall Street fund manager Paul Tudor Jones says, "Bitcoin is the only thing humans can’t adjust the supply in. I'm going to stick with it."
"I’m going to always stick with
bitcoin”Register on the platform via the link!
https://tppocketvip.com/mobile/#/register?code=0k3g
Mining machine income; the daily income of 10USDT mining zone is 0.3USDT, the daily income of 30USDT mining zone is 1.2USDT, the daily income of 50USDT mining zone is 2USDT, and the daily income of 100USDT mining zone is 4.5USDT.
10USDT mining area is free.
There is also a promotion invite a friend and get $1 for 1 friend! The limit for friends for whom you will receive a reward is 10 referrals.
After registration, go to the group and send your ID to activate free mining in the 10USDT zone.
https://t.me/+CllC0qVPva4yZDI0
https://youtu.be/8B9aROZdyrM Video instruction registered
https://tppocketvip.com/mobile/#/register?code=0k3g
Mining machine income; the daily income of 10USDT mining zone is 0.3USDT, the daily income of 30USDT mining zone is 1.2USDT, the daily income of 50USDT mining zone is 2USDT, and the daily income of 100USDT mining zone is 4.5USDT.
10USDT mining area is free.
There is also a promotion invite a friend and get $1 for 1 friend! The limit for friends for whom you will receive a reward is 10 referrals.
After registration, go to the group and send your ID to activate free mining in the 10USDT zone.
https://t.me/+CllC0qVPva4yZDI0
https://youtu.be/8B9aROZdyrM Video instruction registered
⚡️ The first one is out the gate!
🪙 Huobi (one of the top exchanges in the world) has announced the listing of $ETF. Trading will commence on Friday at 20:00 UTC. Considering that Huobi does not serve customers from the US, the Securities and Exchange Commission can't do anything about this situation – $ETF will be traded on CEX.
Huobi is the first among centralized exchanges to make this move. Others will follow suit.
🤔 Remember, which other exchanges have licenses outside the US? Something tells me that there's more announcements to come today 👀
🪙 Huobi (one of the top exchanges in the world) has announced the listing of $ETF. Trading will commence on Friday at 20:00 UTC. Considering that Huobi does not serve customers from the US, the Securities and Exchange Commission can't do anything about this situation – $ETF will be traded on CEX.
Huobi is the first among centralized exchanges to make this move. Others will follow suit.
🤔 Remember, which other exchanges have licenses outside the US? Something tells me that there's more announcements to come today 👀
🇷🇺 While Russia’s revenues from fossil fuel exports have declined significantly since their peak in March of 2022, many countries are still importing millions of dollars a day worth of fossil fuels from Russia 📈
Revenue from fossil fuels exported to the EU has declined more than 90% from their peak, but in 2023 the bloc has still imported more than $18 billion of crude oil and natural gas so far.
Revenue from fossil fuels exported to the EU has declined more than 90% from their peak, but in 2023 the bloc has still imported more than $18 billion of crude oil and natural gas so far.
🚨🚨🚨 Kucoin, previously known for its no-KYC policy and operated by anonymous individuals, has surprisingly introduced KYC procedures.
Speculations suggest this move aims to retain a portion of deposits to avoid insolvency. Reports indicate failed withdrawals under the pretext of non-KYC compliance.
Users can find more information by searching "Kucoin withdrawal" on Twitter and Reddit. A silent bank run appears to be underway.
Speculations suggest this move aims to retain a portion of deposits to avoid insolvency. Reports indicate failed withdrawals under the pretext of non-KYC compliance.
Users can find more information by searching "Kucoin withdrawal" on Twitter and Reddit. A silent bank run appears to be underway.