Has altcoin season started?
🚀 Today, both $TON and $BNB reached their all-time highs. $BNB peaked at $716, while $TON surged all the way to $7.87!
🔥 Currently, $BNB is trading at $707, and $TON at $7.4.
💪 Meanwhile, Bitcoin has returned to $71K.
🚀 Today, both $TON and $BNB reached their all-time highs. $BNB peaked at $716, while $TON surged all the way to $7.87!
🔥 Currently, $BNB is trading at $707, and $TON at $7.4.
💪 Meanwhile, Bitcoin has returned to $71K.
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FTX settles with the IRS
👀 According to Bloomberg, FTX has reached an agreement with the United States Internal Revenue Service (IRS) regarding a tax lawsuit amounting to $24 billion.
💲 IRS will receive $200 million for priority claims and $685 million for claims with lower priority.
👀 According to Bloomberg, FTX has reached an agreement with the United States Internal Revenue Service (IRS) regarding a tax lawsuit amounting to $24 billion.
💲 IRS will receive $200 million for priority claims and $685 million for claims with lower priority.
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Tether's CEO Concerned About Some MiCA Requirements for Stablecoins
🤷 Tether's CEO, Paolo Ardoino, has expressed concerns regarding the regulatory rules proposed by MiCA in the EU.
👀 In his view, some of these requirements raise doubts and could significantly complicate the operations of issuers.
He also added that such requirements could make EU-licensed stablecoins extremely vulnerable and more operationally risky.🧐
✔️ On Monday, Binance announced that starting from June 30, it will restrict access to unauthorized stablecoins for users in the European Economic Area.
🤷 Tether's CEO, Paolo Ardoino, has expressed concerns regarding the regulatory rules proposed by MiCA in the EU.
👀 In his view, some of these requirements raise doubts and could significantly complicate the operations of issuers.
He also added that such requirements could make EU-licensed stablecoins extremely vulnerable and more operationally risky.🧐
✔️ On Monday, Binance announced that starting from June 30, it will restrict access to unauthorized stablecoins for users in the European Economic Area.
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Bitcoin Miner Reserves Hit 14-Year Low!
🙀 The supply of Bitcoin miners is shrinking, down 50% from its peak. It has been 14 years since miners had such a minimum amount of bitcoins!
Another call of an approaching bullish impuls? 🧐
🙀 The supply of Bitcoin miners is shrinking, down 50% from its peak. It has been 14 years since miners had such a minimum amount of bitcoins!
Another call of an approaching bullish impuls? 🧐
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Miner capitulation may indicate a Bitcoin rally recovery! 🚀
📈 The Hash Ribbons indicator has flashed an "optimal signal" to buy Bitcoin gold in the coming weeks, according to Charles Edwards, founder of Capriole Investments.
👀 This signal arises when the 30-day moving average of the hash rate falls below the 60-day average, indicating miner capitulation that began two weeks ago.
🏳️ Miner capitulation typically occurs annually and is linked to halving events, operational shutdowns, bankruptcies, or takeovers. The last such event happened in 2023 when Bitcoin was around $20,000.
📊From a technical standpoint, Bitcoin is currently in a consolidation phase after hitting a peak. If a new growth impulse occurs, the medium-term target is $100,000. However, caution is advised as a monthly close below $58,000 could reverse the trend. 🧐
📈 The Hash Ribbons indicator has flashed an "optimal signal" to buy Bitcoin gold in the coming weeks, according to Charles Edwards, founder of Capriole Investments.
👀 This signal arises when the 30-day moving average of the hash rate falls below the 60-day average, indicating miner capitulation that began two weeks ago.
🏳️ Miner capitulation typically occurs annually and is linked to halving events, operational shutdowns, bankruptcies, or takeovers. The last such event happened in 2023 when Bitcoin was around $20,000.
📊From a technical standpoint, Bitcoin is currently in a consolidation phase after hitting a peak. If a new growth impulse occurs, the medium-term target is $100,000. However, caution is advised as a monthly close below $58,000 could reverse the trend. 🧐
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Most HODLers Unwilling to Sell Bitcoin Even After It Reaches $70,000 - CryptoQuant
🚀 After the price of the first cryptocurrency touched the $70,000 level, most of the coins remain inactive, indicating long-term confidence in the asset.
The lack of on-chain movements of such a large portion of the supply may suggest further price increases, experts added. In other words, the sentiment remains "stubbornly bullish." 🐃
🚀 After the price of the first cryptocurrency touched the $70,000 level, most of the coins remain inactive, indicating long-term confidence in the asset.
The lack of on-chain movements of such a large portion of the supply may suggest further price increases, experts added. In other words, the sentiment remains "stubbornly bullish." 🐃
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DMM Bitcoin Raises $320M to Compensate Hack Losses
🇯🇵 Japanese crypto exchange DMM Bitcoin is taking decisive action to recover from a $320 million hack. The exchange plans to raise 50 billion yen ($320 million) to compensate affected users.
🗒 In a statement on June 5, DMM Bitcoin announced it would restore stolen funds by procuring an equivalent amount of Bitcoin from its group company, DMM.com.
👀 The exchange aims to minimize market impact with these purchases and has deeply apologized for the incident and its effects on customers.
💰 This financial support from DMM.com will ensure that all customer Bitcoin holdings are guaranteed. The exchange continues to investigate the cause of the unauthorized outflow.
🇯🇵 Japanese crypto exchange DMM Bitcoin is taking decisive action to recover from a $320 million hack. The exchange plans to raise 50 billion yen ($320 million) to compensate affected users.
🗒 In a statement on June 5, DMM Bitcoin announced it would restore stolen funds by procuring an equivalent amount of Bitcoin from its group company, DMM.com.
👀 The exchange aims to minimize market impact with these purchases and has deeply apologized for the incident and its effects on customers.
💰 This financial support from DMM.com will ensure that all customer Bitcoin holdings are guaranteed. The exchange continues to investigate the cause of the unauthorized outflow.
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Tether CEO Warns of Potential Mass Phishing Emails Offering Crypto Airdrops!
👀 Hackers have breached a "prominent" email service provider (name not disclosed).
This information was also confirmed by CoinGecko 🧐
👀 Hackers have breached a "prominent" email service provider (name not disclosed).
This information was also confirmed by CoinGecko 🧐
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QCP Capital: The options market has bet on Bitcoin's rise to $74,000
👀 An active wave of buying call options for Bitcoin with an expiration at the end of June above $74,000 indicates increased expectations of a "decisive breakthrough" to a historical maximum. This conclusion was reached by QCP Capital.
🚀 A concentration of calls is observed at strikes at $75,000.
On June 5, the largest platform in the segment, Deribit, recorded the highest trading volume in options with an exercise price of $80,000 (1723 contracts with a notional value of $123 million). 🧐
🤓 Analyst Neil Rorti from Stocklytics explained the positioning in the derivatives market by the acceleration of inflows into BTC-ETF.
According to SoSoValue, on June 4, inflows jumped to $886.75 million — the second-highest value in history. The next day, the pace slowed to $488.24 million, which is also significantly higher than the average figures for May-June.
👀 An active wave of buying call options for Bitcoin with an expiration at the end of June above $74,000 indicates increased expectations of a "decisive breakthrough" to a historical maximum. This conclusion was reached by QCP Capital.
🚀 A concentration of calls is observed at strikes at $75,000.
On June 5, the largest platform in the segment, Deribit, recorded the highest trading volume in options with an exercise price of $80,000 (1723 contracts with a notional value of $123 million). 🧐
🤓 Analyst Neil Rorti from Stocklytics explained the positioning in the derivatives market by the acceleration of inflows into BTC-ETF.
According to SoSoValue, on June 4, inflows jumped to $886.75 million — the second-highest value in history. The next day, the pace slowed to $488.24 million, which is also significantly higher than the average figures for May-June.
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⛽️ The MEV bot operator jaredfromsubway is now the largest gas spender in the Ethereum network! 🌐💸
In just one day, he spent over 215 ETH ($830,000) on transaction fees, accounting for 1.5% of the total network gas. 🚀🔥
Over the past six months, this bot has spent a staggering 76,916 ETH ($175 million) on fees. 😲💰
High gas expenses are typical for MEV bots as increased fees help manipulate the order of transaction execution. 📈🔄
👀 Check the details here: Etherscan.
In just one day, he spent over 215 ETH ($830,000) on transaction fees, accounting for 1.5% of the total network gas. 🚀🔥
Over the past six months, this bot has spent a staggering 76,916 ETH ($175 million) on fees. 😲💰
High gas expenses are typical for MEV bots as increased fees help manipulate the order of transaction execution. 📈🔄
👀 Check the details here: Etherscan.
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Compensation for Early Buyers of Notcoin Voucher!
💎 Notcoin has allocated 40 million $NOT (~$1 million) to compensate early users.
❗️ The first 5867 voucher buyers are included in the snapshot.
At the start of the pre-market, users bought vouchers at high prices due to limited supply. 🤷
Although these were user actions (prices were determined by the P2P market), the developers thought it would be right to support these people.👍💪
6900 $NOT ($170) will be deposited today as compensation for one voucher (automatically sent to the wallet).
💎 Notcoin has allocated 40 million $NOT (~$1 million) to compensate early users.
❗️ The first 5867 voucher buyers are included in the snapshot.
At the start of the pre-market, users bought vouchers at high prices due to limited supply. 🤷
Although these were user actions (prices were determined by the P2P market), the developers thought it would be right to support these people.👍💪
6900 $NOT ($170) will be deposited today as compensation for one voucher (automatically sent to the wallet).
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🚀 Bybit Opens Registration for Chinese Users!
🌟 The cryptocurrency exchange Bybit has seemingly started offering services in mainland China, even though it’s listed as an excluded jurisdiction.
📰 According to journalist Colin Wu, PRC customers can now verify their accounts with an ID card, passport, driver’s license, or residence permit.
📜 Despite the terms of service stating otherwise, data shows that Chinese users could number in the tens of millions. Most competitors have already opened registration for them.
😨 However, this move has caused some panic among Bybit’s employees. The platform also withdrew its license application in Hong Kong after being warned by the local regulator against serving clients from China.
Stay tuned for more updates! 📈
🌟 The cryptocurrency exchange Bybit has seemingly started offering services in mainland China, even though it’s listed as an excluded jurisdiction.
📰 According to journalist Colin Wu, PRC customers can now verify their accounts with an ID card, passport, driver’s license, or residence permit.
📜 Despite the terms of service stating otherwise, data shows that Chinese users could number in the tens of millions. Most competitors have already opened registration for them.
😨 However, this move has caused some panic among Bybit’s employees. The platform also withdrew its license application in Hong Kong after being warned by the local regulator against serving clients from China.
Stay tuned for more updates! 📈
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🔷 Scenarios and Goals for Ethereum by 2030 from VanEck:
▪️Base Case: $22,000
▪️Bullish Case: $154,000
▪️Bearish Case : $360
👀 Read the full report here.
▪️Base Case: $22,000
▪️Bullish Case: $154,000
▪️Bearish Case : $360
"We anticipate that spot ether ETFs are nearing approval to trade on U.S. stock exchanges"
"This would allow financial advisors and institutional investors to hold this unique asset."
👀 Read the full report here.
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🚀 Robinhood buys crypto exchange Bitstamp for $200 million!
Robinhood announced the acquisition of the cryptocurrency exchange Bitstamp for $200 million in cash. The deal is expected to close in the first half of 2025.
🌐 Why? Robinhood aims to expand its presence in the global crypto market and attract institutional clients with new product offerings.
📈 Bitstamp — founded in 2011 in the UK, is one of the largest crypto exchanges in Europe. The exchange offers trading of over 85 cryptocurrencies, institutional lending, and staking. Bitstamp holds more than 50 licenses and regularly undergoes audits by one of the Big Four accounting firms.
Robinhood started offering cryptocurrency trading to clients in the EU since December.
Previously, Robinhood added support for $TON for European users, which led to the rapid growth of Toncoin and a new ATH.
Robinhood announced the acquisition of the cryptocurrency exchange Bitstamp for $200 million in cash. The deal is expected to close in the first half of 2025.
🌐 Why? Robinhood aims to expand its presence in the global crypto market and attract institutional clients with new product offerings.
📈 Bitstamp — founded in 2011 in the UK, is one of the largest crypto exchanges in Europe. The exchange offers trading of over 85 cryptocurrencies, institutional lending, and staking. Bitstamp holds more than 50 licenses and regularly undergoes audits by one of the Big Four accounting firms.
Robinhood started offering cryptocurrency trading to clients in the EU since December.
Previously, Robinhood added support for $TON for European users, which led to the rapid growth of Toncoin and a new ATH.
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🚀 Coinbase has introduced a smart gasless wallet!
Coinbase has released a new Smart Wallet that supports gas-free transactions. This is a web version that does not require installing an app or browser extension.
🔐 Secure Login: Access is through Face ID, Google profile, fingerprint, or a YubiKey hardware key. No need to record a secret phrase or set a password.
🌐 Network Support: The wallet supports 8 networks: Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB Chain, and Zora. The list will be expanded with other EVM protocols.
💸 Convenient Transfers: To transfer coins, there is no need to have a gas token in the wallet. Transfers are done automatically using the preferred asset, avoiding the "zero balance" error.
🛡 Security: Access keys are stored on the user's device. Backups are stored with providers like Apple, Google, and 1Password, or on YubiKeys. Password signatures are verified on the blockchain via an open-source smart contract. Coinbase does not store keys.
Coinbase has released a new Smart Wallet that supports gas-free transactions. This is a web version that does not require installing an app or browser extension.
🔐 Secure Login: Access is through Face ID, Google profile, fingerprint, or a YubiKey hardware key. No need to record a secret phrase or set a password.
🌐 Network Support: The wallet supports 8 networks: Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB Chain, and Zora. The list will be expanded with other EVM protocols.
💸 Convenient Transfers: To transfer coins, there is no need to have a gas token in the wallet. Transfers are done automatically using the preferred asset, avoiding the "zero balance" error.
🛡 Security: Access keys are stored on the user's device. Backups are stored with providers like Apple, Google, and 1Password, or on YubiKeys. Password signatures are verified on the blockchain via an open-source smart contract. Coinbase does not store keys.
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☄️ ECB lowered the rate by 25 basis points to 4.25%
👀 Yesterday, the Bank of Canada reduced the rate by 25 basis points to 4.75%.
We just need to wait for the report from the US. ⏳ There are 6 days left until the Fed meeting, and maybe then we will finally see that bullish impulse...🚀🐃
👀 Yesterday, the Bank of Canada reduced the rate by 25 basis points to 4.75%.
We just need to wait for the report from the US. ⏳ There are 6 days left until the Fed meeting, and maybe then we will finally see that bullish impulse...🚀🐃
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Binance has resumed Mastercard operations
💳 Binance users can once again use Mastercard to purchase cryptocurrencies. Withdrawals via Mastercard will be available later.
This feature was disabled in August 2023.
This was made possible after Binance resolved legal issues in the 🇺🇸 United States.
💳 Binance users can once again use Mastercard to purchase cryptocurrencies. Withdrawals via Mastercard will be available later.
This feature was disabled in August 2023.
This was made possible after Binance resolved legal issues in the 🇺🇸 United States.
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🚨 Nocturne Privacy Protocol Ceases Operations
🌒 Nocturne, a privacy protocol that raised $6,000,000 from top investors including Vitalik Buterin, has officially ceased its operations.
📉 Reasons: The developers cited that transaction cost is the main criterion for users, while privacy remains a secondary concern that the market is not yet willing to pay extra for.
🌒 Nocturne, a privacy protocol that raised $6,000,000 from top investors including Vitalik Buterin, has officially ceased its operations.
📉 Reasons: The developers cited that transaction cost is the main criterion for users, while privacy remains a secondary concern that the market is not yet willing to pay extra for.
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