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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TVL of EigenLayer protocol exceeds $20 billion
The project is second only to Lido Finance, which has a figure of $36.7 billion. 💰
EigenLayer provides the ability to lock liquid staking tokens from other protocols to secure third-party blockchains. The team launched the mainnet on April 9. Prior to this, the solution interacted with users while operating in testnet mode.
The project is second only to Lido Finance, which has a figure of $36.7 billion. 💰
EigenLayer provides the ability to lock liquid staking tokens from other protocols to secure third-party blockchains. The team launched the mainnet on April 9. Prior to this, the solution interacted with users while operating in testnet mode.
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Pavel Durov announced the launch of Telegram Stars digital currency
🗣 Rumors have been confirmed: the founder of Telegram announced the launch of the internal currency Telegram Stars for purchases in mini-applications on Android and iOS platforms 💫
👀 This concerns applications in the Telegram ecosystem that could not be monetized through Apple and Google services due to their payment policies. Telegram Stars will satisfy the demands of tech giants, and application developers will be able to offset their commission costs using Toncoin.
🚀 The $TON rate reacted to the news with growth, almost returning to the ATH reached two days earlier. Now, it has gone into correction, but we believe this is only temporary.
🗣 Rumors have been confirmed: the founder of Telegram announced the launch of the internal currency Telegram Stars for purchases in mini-applications on Android and iOS platforms 💫
👀 This concerns applications in the Telegram ecosystem that could not be monetized through Apple and Google services due to their payment policies. Telegram Stars will satisfy the demands of tech giants, and application developers will be able to offset their commission costs using Toncoin.
🚀 The $TON rate reacted to the news with growth, almost returning to the ATH reached two days earlier. Now, it has gone into correction, but we believe this is only temporary.
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Bloomberg: Kraken Prepares for IPO
According to Bloomberg, Kraken has begun negotiations for a pre-IPO round to raise $100 million.💰
🔍 The exchange is also seeking a well-known company to join its board of directors and help it successfully conduct the IPO next year.
According to Bloomberg, Kraken has begun negotiations for a pre-IPO round to raise $100 million.💰
🔍 The exchange is also seeking a well-known company to join its board of directors and help it successfully conduct the IPO next year.
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🔍 CryptoQuant analysts believe that Bitcoin can be safely bought at current prices, as whales continue to accumulate the asset.
💊 Medical company Semler Scientific announced the purchase of an additional 247 BTC for $17 million.
🤵🏻♂️ Former BitMEX CEO Arthur Hayes is very optimistic following news of rate cuts by the ECB and Bank of Canada and urges opening long positions on BTC, and then on altcoins. 💸
🇭🇰 The head of the Hong Kong regulator called Bitcoin an alternative financial asset. She stated that she disagrees with the claims of "most central banks and economists" about the first cryptocurrency's lack of intrinsic value.
💊 Medical company Semler Scientific announced the purchase of an additional 247 BTC for $17 million.
🤵🏻♂️ Former BitMEX CEO Arthur Hayes is very optimistic following news of rate cuts by the ECB and Bank of Canada and urges opening long positions on BTC, and then on altcoins. 💸
🇭🇰 The head of the Hong Kong regulator called Bitcoin an alternative financial asset. She stated that she disagrees with the claims of "most central banks and economists" about the first cryptocurrency's lack of intrinsic value.
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The inflow of capital into spot Bitcoin ETFs continues – 18 consecutive "green" days.
💰 On 06.06, the funds inflow amounted to $217.78 million.
BlackRock's balance now holds 302,539 BTC, worth $21.4 billion.💵
💰 On 06.06, the funds inflow amounted to $217.78 million.
BlackRock's balance now holds 302,539 BTC, worth $21.4 billion.💵
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🚨 Data Breach in Ambire Wallet!
👀 On June 5th, hackers infiltrated GetResponse, an email service provider partnered with Ambire Wallet.
🙀 23,723 users received phishing emails promising cryptocurrency giveaways (avoid clicking on the links!).
🔒"Ambire Wallet accounts remain secure."
Earlier, Tether CEO Paolo Ardoino warned about phishing emails from the compromised service provider.🧐
👀 On June 5th, hackers infiltrated GetResponse, an email service provider partnered with Ambire Wallet.
🙀 23,723 users received phishing emails promising cryptocurrency giveaways (avoid clicking on the links!).
🔒"Ambire Wallet accounts remain secure."
Earlier, Tether CEO Paolo Ardoino warned about phishing emails from the compromised service provider.🧐
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