Binance Australia Users Selling Bitcoin (BTC) A$9000 At Discount, Know Why

https://bit.ly/42bOEvV

✅ Bitcoin lost almost half of yesterday's gains because investors are once again worried about the Fed's rate hike.

But the S&P 500 doesn't care: the U.S. stock market is off today 😁

Monday News:

🔸 Cryptocurrency exchange Bybit received permission to operate in Kazakhstan

🔸 Media: Russian authorities have changed their mind to create a state-owned crypto exchange

🔸 Bali authorities promise to deport tourists who try to pay with cryptocurrency 🤦‍♂️

🔸 The 30% tax on mining is missing from the U.S. debt ceiling law

🔸 European Commission to develop legislative framework for digital euro next month

🔸 Gemini Exchange and bankrupt Genesis will sue the SEC together over the Earn program

🔸 Dogecoin set new transaction record of 2 million transactions in 24 hours 🐶

🔸 Hong Kong police launched CyberDefender meta universe

🔹 Courses:

🌐 Bitcoin - $27,624 (↑1.42%)
📉 S&P 500 - 4,205 (↑0.00%)
🌕 Gold - $1,943 (↓0.15%)
⚫️ Oil Brent - $77.02 (↑0.03%)

✅ Bitcoin lost 3% for the week, but bears couldn't crush the rate below $27k 🧐

The S&P 500, on the other hand, gained 3% on the news that the U.S. default has been lifted.

Weekly Digest:

🔸 Canadian authorities launch investigation against Binance

🔸 Bloomberg: Elon Musk has regained his title as the world's top 1 richest man

🔸 ChatGPT got an iOS app

🔸 Nvidia's capitalization reached $1 trillion 💰

🔸 Eurozone inflation slowed to 6.1%

🔸 Tether will engage in BTC mining in Uruguay

🔸 The 30% tax on mining is missing from the US debt ceiling law

🔸 Cryptocurrency exchange Bybit received a permit to operate in Kazakhstan and announced its departure from Canada

🔸 Binance will remove 12 anonymous cryptocurrencies for users in France, Italy, Poland and Spain

🔸 BRC-721E token standard launched to transfer NFT from Ethereum blockchain to bitcoin

🔸 DEX exchange PancakeSwap launched P2E game

🔸 Chinese police shut down Trust Reserve, a startup that launched a yuan-linked steblecoin

🔸 OKX crypto exchange introduced BRC-30 standard for staking tokens issued in BTC blockchain

🔸 Ilon Musk was accused of insider trading of DOGE 🐶

🔸 U.S. investment bank Cowen closed its crypto unit

🔸 Sui Network announced a partnership with Formula 1 team Red Bull

🔹 Courses:

🌐 Bitcoin - $27,209 (↑0.21%)
📉 S&P 500 - 4,282 (↑1.45%)
🌕 gold - $1,948 (↓1.49%)
⚫️ Oil Brent - $76.36 (↑2.76%)

✅ The crypto market is trying to beat the FUD because of Binance, bitcoin is trading below $26k 😡

The S&P 500 is up slightly, but there is clearly not much demand.

Monday's news:

🔸 SES sues Binance and Changpeng Zhao for securities violations

🔸 Ilon Musk's company Neuralink, which will soon implant chips into brains, was valued at $5 billion

🔸 Losses from Atomic Wallet cryptocurrency hack totaled $35 million

🔸 Opinion: Attorney John Deaton gives only 3% chance of SEC victory in Ripple trial

🔸 Ethereum co-founder Jeffrey Wilke sent 22,000 ETH to cryptocurrency exchange Kraken

🔸 Bloomberg: JPMorgan to create payment interbank blockchain platform in India

🔸 El Salvador announced a 241 MW volcano mining farm 🌋

🔸 LUNA founder Do Kwon is out on €400k bail in Montenegro after all

🔹 Courses:

🌐 Bitcoin - $25,748 (↓5.36%)
📉 S&P 500 - 4,285 (↑0.07%)
🌕 Gold - $1,958 (↑0.55%)
⚫️ Oil Brent - $77.11 (↑0.97%)

✅ The SEC declared war on cryptocurrencies, suing two top exchanges at once: Binance and Coinbase⚔️.

The result of the SEC's aggressive policy was a divergence in markets: the S&P 500 continued to rise, while cryptocurrencies fell under a sell-off.

Weekly Digest:

🔸 Binance US stopped accepting USD deposits

🔸 Online broker Robinhood removed Cardano, Polygon and Solana

🔸 Market maker Cumberland withdraws cryptocurrency from Binance and Coinbase

🔸 Moody's downgraded Coinbase from stable to negative

🔸 Ethereum developers announced the next major update to Dencun

🔸 Apple unveiled a $3,499 augmented reality headset

🔸 SEC estimated Binance US's all-time revenue at $410.9 million and counted $13.5 million in unpaid taxes 🥺

🔸 CFTC allowed regulated exchange Cboe to trade BTC and ETH futures on margin

🔸 Circle launches license in Singapore

🔸 OKX Exchange conducted a $258ml burn of OKB tokens

🔸 Crypto exchange Kraken launched NFT marketplace

🔹 Courses:

🌐 Bitcoin - $26,004 (↑1.25%)
📉 S&P 500 - 4,298 (↑0.11%)
🌕 Gold - $1,960 (↓0.23%)
⚫️ Oil Brent - $74.91 (↓0.83%)

✅ Institutionalists withdrew money from crypto funds for the eighth week in a row, this time the outflow amounted to $88 million.

The largest withdrawals were from BTC- and ETH-based funds. Maybe altcoin funds are just empty already 🤷‍♂️

Monday News:

🔸 On June 14, Binance will remove 19 spot trading pairs with BNB, BUSD and ETH

🔸 Switzerland's top 1 bank UBS says it has completed its takeover of once top 2 bank Credit Suisse

🔸 Elon Musk hired a 14-year-old wunderkind at SpaceX 🤯

🔸 Market makers are fleeing Binance US: market depth has sagged 78% since SEC lawsuit was filed

🔸 Chinese investment bank BOCI issued $28 million worth of securities on Ethereum blockchain

🔸 Billionaire George Soros to hand over control of his financial empire to son Alex Soros

🔸 Another solo miner believed in himself and mined a BTC block solo, earning 6.25 BTC ⛏

🔹 Rates:

🌐 Bitcoin - $25,827 (↓0.57%)
📉 S&P 500 - 4,316 (↑0.42%)
🌕 Gold - $1,954 (↓0.29%)
⚫️ Oil Brent - $72.22 (↓3.59%)

Bitcoin got to $28k, is the good news finally starting to work 🤑

U.S. Presidential showdown: Biden's son pleaded guilty to three counts, and Trump's trial is set for August 14.

Tuesday News:

🔸 Financial firms Fidelity, Citadel Securities and Charles Schwab launched crypto exchange EDX Market

🔸 Bloomberg: German Deutsche Bank has applied to hold cryptocurrencies

🔸 Reuters: IMF develops platform for international payments in government digital currencies

🔸 Binance says it is not affiliated with Binance Ltd in the UK

🔸 The bankrupt FTX exchange spent $121.8 million on legal services from Feb. 1 to April 30 this year 🤦‍♂️

🔸 Binance to add support for payments via bitcoin's Lightning Network

🔹 Rates:

🌐 Bitcoin - $27,935 (↑3.91%)
📉 S&P 500 - 4,392 (↓0.39%)
🌕 Gold - $1,936 (↓0.68%)
⚫️ Oil Brent - $75.82 (↓0.34%)

✅ Bitcoin is resting after yesterday's plunge, and the S&P 500 is thinking lower amid Powell's statement about future rate hikes 🙃

Thursday News:

🔸 Investment firm Valkyrie also filed for a spot bitcoin-ETF

🔸 Media: Elon Musk and Mark Zuckerberg decide to have an MMA rules bout 🥊

🔸 Ripple has received approval in principle from Singapore's regulator to operate in the digital token space

🔸 It's not going to be much: the Turkish lira has renewed its bottom against the dollar after the Central Bank raised the rate to 15%

🔸 Banks Credit Agricole and Santander are allowed to hold cryptocurrencies in France

🔸 The Bank of England unexpectedly raised the rate by 0.5% at once to 5%. The recession is close...

🔸 MakerDAO's DeFi-project increased its investment in U.S. government debt to $1.2 billion 💸

🔹 Rates:

🌐 Bitcoin - $29,983 (↓0.46%)
📉 S&P 500 - 4,365 (↓0.01%)
🌕 Gold - $1,914 (↓0.92%)
⚫️ Oil Brent - $74.09 (↓3.65%)

✅ Bitcoin corrects to $30,000 on Sunday, but still adds 15% for the week 🤑

The Fed tried to scare the markets with two more rate hikes this year, but so far have only achieved a small correction in the S&P 500.

Weekly Digest:

🔸 Financial firms Fidelity, Citadel Securities and Charles Schwab launched crypto exchange EDX Markets

🔸 Binance revoked its license in the UK

🔸 Belgium's financial regulator demanded that Binance immediately cease operations in the country

🔸 Investment firm Valkyrie has also applied for a spot bitcoin-ETF

🔸 Binance US resumed dollar withdrawals, but this is temporary and customers are asked to convert funds to USDT 💸

🔸 The SEC approved the first leveraged futures bitcoin-ETF in the US. The maximum leverage is only 2x.

🔸 Bank of England unexpectedly raised rate by 0.5% at once to 5%

🔸 From February 1 to April 30 this year, the bankrupt exchange FTX spent $121.8 million on legal services

🔸 German Deutsche Bank applied to hold cryptocurrencies

🔸 OKX crypto exchange closes access to some of its products to Russians

🔸 U.S. authorities set up a task force to combat cryptocurrency crimes

🔸 Binance launched a subsidiary exchange in Kazakhstan

🔸 DeFi-project MakerDAO increased investment in US government debt to $1.2 billion 💰

🔸 Ripple received approval in principle from Singapore's regulator to operate in the digital token space

🔸The court sided with Coinbase in a case against a user. It doesn't address the SEC's lawsuit.

🔸 LUNA founder Do Kwon sentenced to four months in prison for document fraud in Montenegro

🔸 Cryptocurrency payment company Wyre announced closure due to cryptozyme

🔹 Courses:

🌐 Bitcoin - $30,390 (↓0.86%)
📉 S&P 500 - $4,348 (↓0.77%)
🌕 gold - $1,919 (↑0.28%)
⚫️ Oil Brent - $74.21 (↑0.03%)

Binance Announces New Functions For Bitcoin, ETH, XRP, SHIB, DOGE Auto Invest

https://bit.ly/42Z4DxW

✅ The stock and cryptocurrency markets are standing still due to a lack of significant events.

And institutions caught bitcoin-FOMO and deposited a record $199 million into crypto funds 🤑

Monday News:

🔸 Binance withdrew its license application in Austria

🔸 HSBC's Hong Kong branch launched ETFs for BTC and ETH

🔸 DeFi MakerDAO reduced reserves in USDC stablcoin from $2.4 billion to $521 million 🧐

🔸 Binance canceled delisting of anonymous cryptocurrencies in Europe

🔸 Japan relaxed cryptocurrency taxation: token issuers are exempt from tax on unrealized gains

🔸 Coinbase cryptocurrency exchange's share of Ethereum stacking dropped to its lowest value since 2021 - 9.7%

🔸 LUNA founder Do Kwon's $26 million blocked in Switzerland 😢

🔹 Courses:

🌐 Bitcoin - $30,123 (↓1.59%)
📉 S&P 500 - 4,339 (↓0.20%)
🌕 gold - $1,923 (↑0.25%)
⚫️ Oil Brent - $74.46 (↑0.36%)

✅ Nothing is happening in the stock market, and the battle for $31k continues 🎢

Monday News:

🔸 Institutionalists put money into crypto funds for the second week in a row and once again it all goes to BTC ($123 million)

🔸 Rumors of Gary Gensler resigning as head of the SEC turned out to be an AI generated fake. Too bad... 😜

🔸 Crypto exchange Bittrex intends to sue the SEC. Reason: commission has no authority on the secondary market for cryptocurrencies

🔸 The Poly Network crosschain platform was hacked again. Users are being advised to withdraw assets

🔸 Bitcoin Depot, a BTC ATM company, went public on the Nasdaq exchange. The stock has already dropped twofold.

🔸 Singapore's central bank required all crypto exchanges to transfer customer funds to trusts

🔸 Binance releases NFT collection with Ronaldo ⚽️

🔸 Thai authorities have banned the use of cryptocurrencies for lending

🔹 Rates:

🌐 Bitcoin - $30,995 (↑1.42%)
📉 S&P 500 - $4,452 (↑0.05%)
🌕 gold - $1,924 (↑0.33%)
⚫️ Oil Brent - $75.85 (↑0.97%)

Binance To Retire Deposit Addresses On BTC, BCH, LTC, XRP, ADA, DOGE Networks
https://bit.ly/3NICl5a

✅ BTC updated its 2023 price maximum, but ends the day again near $30k 😕

As expected: the first FUD about the US reporting season has already gone to the media, so far only about banks.

Thursday's news:

🔸 BlackRock CEO Larry Fink says bitcoin is digital gold and an international asset

🔸 Meta launched a rival to Twiiter, Threads. Will there be a fight between Zuckerberg and Musk about it? 😁

🔸 Valkyrie updated its bitcoin-ETF application and listed Coinbase as a partner

🔸 AI developer OpenAI recruits team to oversee "super smart" AI

🔸 Florida authorities accused crypto exchange Bittrex of violating state laws

🔸 HODL: 70% of bitcoins did not move within a year ✊

🔸 Crypto-bankrupt Celsius sells $74 million worth of altcoins for BTC and ETH

🔸 Binance will update a number of cryptocurrencies to improve security

🔹 Rates:

🌐 Bitcoin - $30,302 (↓0.68%)
📉 S&P 500 - $4,411 (↓0.80%)
🌕 gold - $1,911 (↓0.21%)
⚫️ Oil Brent - $76.53 (↓0.02%)

Breaking: Standard Chartered Revises Bitcoin (BTC) Price Prediction To $50000, $120K In 2024

https://bit.ly/46FK6kO

Binance US has steep discounts on BTC, ETH and even USDT is sold at $0.88. But it concerns only trading pairs with USD, which cannot be brought to the exchange, and the reason for the discounts is the desire of users to withdraw the remaining USD from the exchange while it is possible 🤦‍♂️.

In the first half of the week there will be speeches of officials from the Fed, and on Wednesday inflation data will be published. Although BTC is no longer correlated with the S&P 500, but this is no reason to support a sell-off, if any 😜

Despite BTC's inability to break through the $31k resistance and traders' moral readiness for a correction, miners are doing well and set a new hash rate record of 465 EH/s ⛏

The new fastest growing social network Threads has scam accounts of crypto projects 🤬

🔹 Top 3 in 24 hours:
Compound - $57.53 (↑9.51%)
eCash - $0.00003485 (↑4.00%)
UNUS SED LEO - $3.92 (↑1.37%)

✅ Markets are frozen in place waiting for US inflation data to be released tomorrow.

And analysts mark the beginning of the accumulation phase of BTC 🤔

Tuesday's news:

🔸 Bankrupt exchange FTX has launched a website for compensation claims. The site is already light

🔸 Unknown people have withdrawn another $110 million in assets from the Multichain crosschain protocol 🤬

🔸 Grayscale goes to court again to demand their BTC trust be moved to a spot ETF

🔸 Microsoft wins court and may go ahead with its takeover of Activision Blizzard

🔸 Come on: they found functions in the code of Brazil's national digital currency to freeze and change the user's balance 😱

🔹 Rates:

🌐 Bitcoin - $30,469 (↑0.32%)
📉 S&P 500 - $4,418 (↑0.21%)
🌕 Gold - $1,930 (↑0.30%)
⚫️ Oil Brent - $79.42 (↑2.04%)

Breaking: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%

https://coingape.com/breaking-binanceus-crypto-com-joins-coinbase-and-others-to-relist-xrp-price-up-87/?utm_source=mike&utm_medium=telegram

Long-term bitcoin chart. The classic corrective formation has been broken as well as previous times. Everything is ready for growth either from the current or through another stage of localized decline.

Bitcoin's dominance chart started to decline sharply on the back of positive news from Ripple. This decision can significantly reduce regulatory risks for the rest of the altcoins. Moreover, such an event may mark the end of the cryptozyme and the beginning of a long-term growth cycle.

Trader Peter Brandt warns of a possible decline of BTC under the $30k level. The last 4 days the situation really looks alarming 😳

No money: Binance prematurely terminated its advertising contract with the Argentine Football Association, and the exchange started cutting employee benefits 🥶

SEC head Gary Gensler commented on the court's decision in the case against Ripple. He's pleased where the court upheld the regulator, and disappointed where the ruling was in Ripple's favor. Whether the SEC will appeal is still unclear 🤷‍♂️

Arkham Intelligence platform has started the drop distribution, the token will be added to Binance today 🤑

🔹 Top 3 in 24 hours:
Sui - $0.7423 (↑7.26%)
Chainlink - $7.10 (↑7.13%)
Gala - $0.02708 (↑4.77%)