Crypto Push
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The most relevant and latest news from the crypto industry and cryptocurrencies๐Ÿ”ฅ

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๐Ÿ›ก 'Fight isn't over,' despite SEC closing Ethereum 2.0 probe โ€“ Exec

๐Ÿ” SEC's investigation into Ethereum 2.0 and Consensys has finally concluded after a long 14 months.

๐Ÿš€ Ethereum 2.0, the transition to PoS, is a significant milestone for the network, but Consensys believes there's more to come.

๐Ÿ’ฅ Impact on the industry? The crypto community is abuzz with speculation about the broader implications of this development.

๐Ÿ—ฃ Laura Brookover, Head of Litigation & Investigations at Consensys, expressed relief but cautioned that the battle continues.

๐Ÿ”Ž Multiple probes: The Ethereum investigation is just one part of Consensys' legal fight in Texas, protecting their operations and the ecosystem.

๐Ÿ”— The backstory: The SEC's stance on Ether shifted in 2023, leading to Consensys' lawsuit in 2024 to defend Ethereum's status as a commodity.

๐Ÿ“ข Public concern: Policymakers and Congress have been closely watching the SEC's moves, raising questions about regulatory clarity.

โœ‰๏ธ A glimmer of hope: Consensys sought confirmation from the SEC that recent ETH ETF approvals would put an end to the Ethereum 2.0 investigation.
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โ˜€๏ธ AVAX's Battle at $25: Will it Hold? Key Indicators Weigh In

๐Ÿ” Avalanche [AVAX] has finally broken through its January low, reaching $27.3, and is now testing a crucial support level at $25.5.

๐Ÿ’ฅ The crypto market has been volatile, and AVAX hasn't been spared, with a 40% decline since May 22nd.

๐Ÿš€ A 3% surge in the last 24 hours raises concerns of a potential reversal or a more severe collapse.

๐Ÿ’ฐ CoinMarketCap currently prices AVAX at $25.21.

๐Ÿ“Š The stochastic RSI (4.96) signals an oversold zone, hinting at a possible longing point for a price turnaround.

โœ”๏ธ The MACD suggests that bearish pressure is fading across the market.

๐Ÿณ Major holders account for 71% of AVAX, indicating significant whale activity that could impact prices.

๐Ÿค IntoTheBlock's data shows that 48% of holders are profitable, while 52% are in the red, suggesting a balanced condition.

๐Ÿ“ˆ AVAX's future may be closely tied to Bitcoin's performance, with a price correlation of 0.86.
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Discover precision in crypto trading with @mmsecrets.

๐Ÿ”น They've accurately predicted:

- $IHF Token: Forecasted a rise from $10-$12 to $18-$20; it peaked at $30, achieving up to a 200% return

- $HUND/USDT: They recommended buying back $HUND at the $0.0116-$0.0132 levels with targets at $0.0158-$0.0176.

This prediction led to a significant trading opportunity, resulting in a one-day gain of over 15%.

- $MATIC Analysis: Identified declining trends with advised shorts from $0.613, now at $0.5806. Followers who acted on the advice could have captured approximately a 5.3% profit.

๐Ÿ”น Why Join @mmsecrets?

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๐Ÿ”ฅ Shiba Inu's Price: Is it a Hidden Gem or a Red Flag?

๐Ÿ“‰ Shiba Inu [SHIB], the meme-inspired cryptocurrency, may have had a lackluster week in terms of price performance, but don't dismiss it just yet. Data suggests that there might be more to this undervalued coin than meets the eye.

๐Ÿ“Š Santiment's MVRV Z-Score analysis reveals that SHIB is currently underbought, with its market price trailing behind the average acquisition price. While this doesn't guarantee an immediate surge, it hints at potential buying opportunities.

๐Ÿš€ Network growth is another positive sign for SHIB, as the number of new addresses interacting with the token has seen a significant spike. If this trend continues, we might see some green in SHIB's future.

โœ”๏ธ Moreover, the stability in SHIB's trading velocity indicates that investor interest has remained consistent. This could suggest a level of confidence in the token's value despite recent price fluctuations.

๐Ÿ‘ฅ However, not everything is rosy on the social front. The weighted sentiment surrounding SHIB has taken a hit, with negative comments outweighing the positive ones. It's essential to consider both sides of the coin.

๐Ÿ”ฅ Burning up! One factor that could play a role in SHIB's future is the burning of tokens. Recent data shows a staggering increase in burn rate, with millions of tokens being permanently removed from circulation. This move aims to create scarcity and potentially increase value.
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๐Ÿช™ Bitcoin's Battle at $63,000: Will it Hold? A Month of Ups and Downs Ahead

๐Ÿ“‰ After a lackluster June, Bitcoin managed to defend the crucial $60,000 support level, but not without a few red candles. The question now is whether it can stay above $63,000 as bulls strive for higher ground.

โœ”๏ธ The second quarter saw some rocky moments for BTC, with negative returns of nearly 7% for the month and around 12% for the quarter. But don't lose hope just yet โ€“ historical data suggests a potential rebound in Q3.

๐Ÿ“Š As we enter July, the macroeconomic landscape remains uncertain. All eyes are on US data releases and speeches from central bankers like Jerome Powell, whose words could sway market sentiment.

๐Ÿ—“ While some expect a rate-cutting cycle by the US Federal Reserve, cautionary notes have been sounded by the Bank of International Settlements (BIS), warning against premature easing that could reignite inflationary pressures.

๐Ÿฅ‡ Mark your calendars for the next Federal Open Market Committee (FOMC) meeting at the end of July โ€“ it could provide valuable insights into the Fed's policy direction and its potential impact on Bitcoin and other assets.

๐Ÿ’“ In this rollercoaster ride of a market, keep a close watch on those key levels and fundamental indicators. Buckle up, because the month ahead promises both challenges and opportunities for Bitcoin enthusiasts!
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Join The HAQQ Expedition Vol.2 ๐Ÿš€

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Learn more: https://blog.islamiccoin.net/haqq-expedition-vol-2-0-e357ef046261

๐Ÿ’กHAQQ Network is a blockchain ecosystem with an ethics-first approach, emphasizing Real-World Assets and DeFi. By incorporating Islamic finance principles into a modern financial framework, it offers a novel approach to blockchain development. As an EVM-equivalent chain based on the Cosmos SDK, HAQQ allows for the smooth deployment of smart contracts written in Solidity and straightforward integration with tools designed for other EVM chains. The network is committed to ethical, Shariah-compliant finance, supporting risk-sharing and ethical investing.
๐Ÿ“‰ WIF Price Takes a Dive, but is There Hope?

๐Ÿ“Š After a bumpy ride, WIF found itself in the bearish territory as BTC stumbled below $60k. But don't lose hope just yet โ€“ an AMBCrypto analysis suggests a potential bounce to $2.3.

โฌ†๏ธ And bounce it did, with WIF reaching $2.37 on July 2nd. However, the bears are back at it, leaving us wondering: will the downtrend continue or can the bulls turn the tide?

๐Ÿ“ˆ The price has been oscillating between $1.5 and $2.34, hinting at a possible range formation. While the bears have momentum, the bulls aren't backing down either.

๐Ÿ“‰ Daily charts paint a bearish picture, but there's a glimmer of hope as the spot CVD shows signs of recovery amidst recent losses.

๐Ÿ’ฐ The market cap in BTC terms is anyone's guess, but Open Interest suggests that bulls are ready to take on the challenge. Still, it's a tug of war between the two sides for now.

โš ๏ธ In this volatile market, it's hard to predict what lies ahead for WIF, but keep an eye on those key levels โ€“ they might just hold the key to its next move.
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๐Ÿš€ Celestia's TIA Surges 42% in a Week: Buckle Up for a Potential 231% Rally!

๐Ÿ“ˆ After a month of decline, Celestia's TIA is back in the game, soaring with a 41.72% surge in just seven days. But hold on, the trading volume has taken a slight dip by 46.10% in the last 24 hours.

๐Ÿ’ฐ With a 2.21% increase in market cap to a whopping $1.3 billion, TIA is catching the eye of crypto enthusiasts and analysts alike.

๐Ÿค” While some skeptics like Decilizer warn of potential bearish trends, pointing to the next support level at $5, others like Noodles are feeling bullish, predicting a 231% rally that could see TIA hitting $24.

๐Ÿ“Š Market sentiment seems to be leaning towards optimism as data from AMBCrypto suggests a positive crowd sentiment and buzz around Celestia's future.

๐Ÿ“ˆ Technical analysis adds fuel to the bullish fire, with Aroon indicators signaling upward momentum and more frequent market highs than lows.

1๏ธโƒฃ In this ever-changing crypto landscape, keep an eye on Celestia's TIA as it continues its meteoric rise โ€“ the stars might just align for another impressive rally!

(Note: This post is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.)
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๐Ÿš€ Crypto Bulls on the Rise: BTC, ETH Eyeing New Highs

๐Ÿช™ Bitcoin's surge past $63k has set the stage for a potential rally to its ATH of $73.7k. With German pressure easing and ETF inflows soaring, the BTC market is primed for a rebound.

๐Ÿงญ Bitcoin's Liquidation Charts point to a bullish path, with resistance at $60.6k turning into support. If retested successfully, we could see prices soaring to $68k and beyond, with $76.4k as a potential short squeeze zone.

๐Ÿ’ฐ A whopping $3.4 billion surge in Open Interest signals a bullish sentiment, making the week ahead look promising for crypto enthusiasts.

๐ŸŒ Meanwhile, Ethereum (ETH) is eyeing local highs as it defends the $2.9k level and gears up for a potential climb towards $4k. The liquidation heatmap suggests revisiting the $3.5k-$3.7k range soon.

๐Ÿ”ฎ All signs point to an exciting week ahead, with BTC aiming for $68k and ETH targeting $3.7k. Buckle up for potential gains in the crypto market!

Disclaimer: This is not financial advice; always do your own research.
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๐Ÿš€ Explained โ€“ Bitcoin ETF holdersโ€™ buying spree as BlackRock July inflows cross $1B

๐Ÿ“ˆ Impressive Inflows for iShares Bitcoin Trust
The 18th of July marked a significant milestone for the BlackRock-issued iShares Bitcoin Trust (IBIT) with a whopping $102.7 million inflow. This streak of positive inflows has now reached nine consecutive days, setting IBIT apart as the only spot ETF achieving such consistency.

โžก๏ธ BlackRock's Billion-Dollar Bitcoin Bet
BlackRock is making waves in the crypto world, having purchased over $1 billion worth of BTC this month alone. This move underscores the growing institutional adoption of Bitcoin and signals a strong vote of confidence from one of the largest asset managers in the world.

๐Ÿ“‰ Mixed Sentiments Amidst Market Bounce
While the crypto market experienced a modest bounce this week, positive sentiment around BTC has taken a hit compared to March. Social media platforms like Twitter, Reddit, BitcoinTalk, and 4chan are witnessing a decline in bullish chatter. Additionally, traders are increasingly opening short positions on BTC, anticipating a drop.

โณ Long-Term Holders Remain Resilient
Despite short-term fluctuations, long-term Bitcoin holders remain steadfast. Despite concerns surrounding Mt. Gox and the German government's involvement in recent transactions, these holders continue to exhibit confidence by adding to their holdings. The Relative Strength Index (RSI) at 59 further supports this bullish sentiment.

๐Ÿ•ฏ In summary, while market sentiments may be shifting and traders are hedging their bets, long-term holders and institutional players like BlackRock are driving the narrative of Bitcoin's continued growth and adoption.
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๐Ÿš€ Helium Token Skyrockets to $4.9: What's Behind the Surge?

๐Ÿ“ˆ The Helium Token (HNT) is on fire, outperforming its peers and reaching new heights in recent trading sessions.

๐Ÿ”„ After a brief dip, HNT resumed its upward climb on July 17th, notching an impressive 10% gain at around $4.1. The rally continued, with the token now trading at approximately $4.9, reflecting a solid 3% increase.

๐Ÿ“Š Market data reveals that HNT's market capitalization has soared past $800 million, while trading volume has surged by a staggering 180% to over $17 million.

๐Ÿ” Despite this remarkable growth, there's no clear-cut catalyst for the surge, suggesting that market dynamics and investor sentiment are playing a significant role.

โณ With the Relative Strength Index (RSI) signaling a strong bullish trend but also hinting at potential overbuying, traders are keeping a close eye on HNT's next move.

๐Ÿ’ฐ Are you riding the green wave? Don't forget to check out the Helium Profit Calculator as you navigate this exciting market!

Remember, investing always carries risks โ€“ stay informed and make decisions wisely. ๐Ÿš€๐Ÿ“ˆ
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๐Ÿ”’ Bitfarmsโ€™ โ€œPoison Pillโ€ Plan Blocked as Tribunal Favors Riot Platforms: A Win for Shareholders!

โš™๏ธ The Halving Effect: Bitfarms' Earnings Drop Amidst Bitcoin's Economic Shifts

๐Ÿ“‰ Bitfarms' May earnings of 156 BTC took a hit, down over 40% from April. While June saw a slight recovery to 189 BTC, the post-halving impact on mining profitability is evident.

๐Ÿ”„ Riot-Bitfarms Merger: A Boost in Mining Capacity and Market Position

๐Ÿ’ช With a potential mining capacity of 52 EH/s across 15 sites by 2024, the merger between Riot and Bitfarms could strengthen their competitive edge in the industry, says Juan Leon of Bitwise.

๐Ÿค Joining Forces Amidst Mining Challenges: Adaptation and Efficiency are Key

โšก๏ธ The Bitcoin mining landscape demands innovation and cost-cutting as rewards diminish. Bitfarms' declining earnings underscore the need to adapt swiftly, while Riot's interest signals a strategic move towards consolidation.

๐Ÿ’Š A Defensive Stand: Bitfarms' "Poison Pill" Strategy to Protect Shareholders

๐Ÿ›ก Bitfarms' shareholder rights plan aimed to prevent Riot from acquiring more than 10% without board approval. However, Ontario's Tribunal ruling nullifies this move, leaving both companies at a crossroads.
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Join Waterfall @waterfall_dag - a highly scalable and decentralized BlockDAG EVM-compatible Layer 1 protocol ๐Ÿš€

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๐Ÿš€ Trump's Crypto Pledge Shakes Market: Biden's BTC Strategy Raises Eyebrows

๐Ÿ”’ Peter Schiff, a vocal Bitcoin critic, predicts that President Joe Biden's administration will sell off the US government's Bitcoin holdings, causing a stir in the market.

๐Ÿ’ผ This belief stems from the recent transfer of $2 billion worth of Bitcoin to an unknown wallet by the Biden administration, leaving investors and analysts alike stunned.

๐Ÿ—ฃ Just days before this move, former President Donald Trump made a promise during his Nashville speech, vowing to keep BTC as a strategic asset, which had initially boosted the market.

โฌ‡๏ธ However, following Biden's action, Bitcoin experienced a 4% drop in just 24 hours, trading at around $66K. The impact was felt by industry leaders like Mike Novogratz and Tyler Winklevoss.

๐Ÿค While Novogratz called the timing "tone deaf," Winklevoss saw it as a missed opportunity for the current administration to establish a more consistent approach to managing its crypto reserves.

๐Ÿ’ช Interestingly, despite this setback, members of the crypto community leaning toward Trump remained unfazed, as Cameron Winklevoss highlighted their continued support.

In this ever-evolving landscape, it seems that political promises and actions continue to play a significant role in shaping the future of cryptocurrencies. Stay tuned for more twists and turns! ๐Ÿ“ˆ
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๐ŸŽฎ Hamster Kombat's 300M Users and Exciting Whitepaper Unveiling!

๐Ÿ“ˆ Hamster Kombat, the popular Telegram game, has hit a remarkable milestone โ€“ 300 million users in just five months! But that's not all.

๐Ÿ“ฃ The release of their whitepaper is another reason to celebrate. With 60% of tokens going to the community, Hamster Kombat is all about empowering its players. The remaining 40%? Reserved for liquidity, partnerships, and rewarding squads!

โ• While no date is set, an airdrop is on the horizon. Working closely with TON, Hamster Kombat aims to make it the biggest crypto-airdrop ever. Move over, UNI!

๐Ÿš€ Telegram-based games like Hamster Kombat are on the rise, thanks to their seamless integration and massive user base. With blockchain and tokenomics in play, these games offer more than just fun โ€“ they're rewarding too!

๐ŸŒ Notcoin and other projects are also making waves in this space, proving that Telegram-based gaming is here to stay. It's time to join the action and be part of this thriving community-driven ecosystem!
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๐Ÿšจ FBI's Crypto Warning: Scam Surge Sparks Global Crackdown!

๐Ÿ” India's Raid Reveals Crypto Deception
In a major crackdown, the Enforcement Directorate uncovers a Rs 1 crore fraud scheme in Leh, Jammu, and Sonipat. Victims were lured into investing in the phony "Emollient Coin," hoping for quick riches.

๐ŸŒ Australia Joins Forces Against Cyber Fraud
Down under, the Australian Federal Police teams up with Chainalysis to launch Operation Spincaster, aiming to tackle the rising wave of crypto scams. Over 2,000 compromised wallets have been identified so far.

๐Ÿ”’ Global Collaboration: A Key Weapon
AFP's Detective Superintendent highlights the need for united efforts, while Chainalysis' Director of Investigations emphasizes the significance of collective action in this relentless battle against fraudsters.

โš ๏ธ FBI Sounds Alarm Amid Bitcoin Dip
As Bitcoin takes a tumble, the FBI raises a red flag on the growing number of scam attempts targeting crypto enthusiasts. Stay vigilant and protect your digital assets!

โžก๏ธ With cryptocurrency's popularity soaring, it's crucial to stay alert and arm ourselves against these cunning cybercriminals. Let's navigate this digital frontier with caution and spread awareness to keep our investments secure.
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๐Ÿช™ Solana Welcomes USDe Stablecoin as Ethena Labs Reveals SOL Backing

๐Ÿค Ethena Labs, the team behind USDe stablecoin, has made a strategic move by integrating with Solana's blockchain on 7 August. This exciting development allows USDe to tap into Solana's lightning-fast and cost-effective infrastructure, taking its capabilities to new heights.

๐Ÿ’ช But that's not all! Pending governance approval, Solana's native token, SOL, will serve as a backing asset for USDe, potentially unlocking an impressive $2-$3 billion in open interest.

๐ŸŒŠ This scalability boost is a game-changer for the stablecoin market, injecting more liquidity and stability. Users can now rely on USDe as a robust and reliable option for their financial needs.

๐Ÿ”— The integration also opens doors for USDe in the vibrant world of decentralized finance (DeFi) on Solana. Platforms like Kamino Finance, Orca, Drift, and Jito now welcome USDe, allowing users to provide liquidity or use it as collateral for margin trades.

๐Ÿ’ฐ By participating in these DeFi applications, users can earn Ethena Sats, which can be converted to ENA tokens. This adds another layer of engagement and earning potential in the rapidly expanding DeFi landscape.

๐Ÿ“ˆ What does this mean for DeFi? Kamino Finance automates strategies, Orca offers seamless trading, Drift focuses on derivatives, and Jito provides advanced tools. With USDe in their arsenal, users gain access to a more diverse range of options for their stablecoins.

๐ŸŒ The integration of USDe with Solana is a major milestone for Ethena Labs and the stablecoin market. With Solana's prowess, USDe aims to be a scalable, efficient, and versatile solution, empowering users to make the most of DeFi opportunities on Solana.

๐Ÿš€ Get ready for a more stable and exciting DeFi journey with USDe and Solana!
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๐Ÿš€ Fantom: A Hidden Bullish Divergence Signals a 234% Rally on the Horizon!

๐Ÿ“‰ While some altcoins have skyrocketed, Fantom has been more modest, with a 40% rise this year. But don't let that fool you!

โฌ†๏ธ Despite a recent dip, FTM's charts are showing a Hidden Bullish Divergence, hinting at an exciting upward move.

๐Ÿ“ˆ Analyst Javon Marks suggests this pattern could push FTM up by a whopping 234%, potentially reaching the $3 mark.

๐Ÿ’ก And it's not just technicals โ€“ Fantom's fundamentals are also intriguing. Whale transactions may be down, but open interest volume is up, indicating new money entering the market.

๐Ÿ” So keep an eye on Fantom โ€“ it might just be the altcoin that surprises everyone with its hidden potential and sets off on a remarkable rally!
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๐Ÿ”‘ "Safety Net" Solana: The Key to Unlocking the Next Altcoin Season? Analysts Say Yes!

๐Ÿ“‰ Altcoins' Struggle: With the exception of Binance Coin (BNB) and Toncoin (TON), most top altcoins have been lagging behind Bitcoin (BTC) this year, failing to reclaim their previous highs.

๐Ÿ”„ Breaking the Mold: Andrew Kang of Mechanism Capital notes that the market has deviated from its usual patterns. Unlike before, when BTC's all-time high would lead to altcoin rallies, this time it's different.

๐Ÿ“Š Data Tells a Story: A closer look at the numbers reveals that only 11 out of the top 50 altcoins have managed to outperform Bitcoin in the past three months, according to Blockchain Center.

โฌ‡๏ธ Ethereum's Downturn: Ethereum hasn't had an easy ride either, hitting a yearly low against Bitcoin in August. The ETH/BTC chart shows a consistent trend of lower lows since October 2020.

๐Ÿ“‰ Underwhelming ETF Impact: Even with the introduction of Ether exchange-traded funds (ETFs), ETH has struggled to break free from its middle Bollinger band, signaling ongoing underperformance.

๐Ÿ”ฎ A Glimmer of Hope: Kang predicts that altcoins may find their bottom by 2025 before embarking on a bullish rebound.

๐ŸŒ Solana Shines Bright: Amidst this turbulence, Solana stands out as a beacon of stability. Defending its support level at $125 since March 2024, SOL is seen as a potential savior for altcoins' market cap.
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