Michael Dell made several posts about Bitcoin
π» The billionaire and founder of Dell, Michael Dell, shared a post by Michael Saylor stating that Bitcoin represents digital scarcity.
π Additionally, Dell conducted a poll on the next major technological breakthrough, offering options such as blockchain, AI, the space industry, and quantum computers.
πͺ Later, he shared an image featuring BTC.
In 2014, Dell was one of the first major companies to start accepting Bitcoin. However, it later discontinued this option.
π» The billionaire and founder of Dell, Michael Dell, shared a post by Michael Saylor stating that Bitcoin represents digital scarcity.
π Additionally, Dell conducted a poll on the next major technological breakthrough, offering options such as blockchain, AI, the space industry, and quantum computers.
πͺ Later, he shared an image featuring BTC.
In 2014, Dell was one of the first major companies to start accepting Bitcoin. However, it later discontinued this option.
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Mt.Gox will start distributing BTC and BCH from July 2024.
π² The trustee handling the 2014 bankruptcy of Mt.Gox has announced plans to begin compensating creditors with Bitcoin, Bitcoin Cash, and cash starting in early July.
π This decision follows the completion of preparatory processes, including technical support assurance, adherence to regulatory requirements in each jurisdiction, and coordination of transfers with various cryptocurrency exchanges.
π° Payments will commence in sequence to platforms that have verified necessary information. The total payout is anticipated to exceed $9 billion.
The market reacted nervously to the news, with Bitcoin experiencing heightened trading volumes and briefly dropping below $61,000 before stabilizing around $61,200. π
π² The trustee handling the 2014 bankruptcy of Mt.Gox has announced plans to begin compensating creditors with Bitcoin, Bitcoin Cash, and cash starting in early July.
π This decision follows the completion of preparatory processes, including technical support assurance, adherence to regulatory requirements in each jurisdiction, and coordination of transfers with various cryptocurrency exchanges.
π° Payments will commence in sequence to platforms that have verified necessary information. The total payout is anticipated to exceed $9 billion.
The market reacted nervously to the news, with Bitcoin experiencing heightened trading volumes and briefly dropping below $61,000 before stabilizing around $61,200. π
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The options market is betting on Ethereum rising to $4000 by September
π²There is significant interest ($158.5 million) in Ethereum call options at a price of $4000 expiring in September, as reported by Deribit.
π Currently the second-largest cryptocurrency by market capitalization is trading at $3300, having lost 8.5% in the past week.
π Ethereum is facing challenges amid the broader crypto market downturn and rumors of imminent trading commencement of spot exchange-traded funds (ETFs) based on the asset in the US.
π€ Traders are likely interested in call options, anticipating the asset's price to rise in the coming months following the launch of an ETH-ETF.
π²There is significant interest ($158.5 million) in Ethereum call options at a price of $4000 expiring in September, as reported by Deribit.
π Currently the second-largest cryptocurrency by market capitalization is trading at $3300, having lost 8.5% in the past week.
π Ethereum is facing challenges amid the broader crypto market downturn and rumors of imminent trading commencement of spot exchange-traded funds (ETFs) based on the asset in the US.
π€ Traders are likely interested in call options, anticipating the asset's price to rise in the coming months following the launch of an ETH-ETF.
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Tether is discontinuing the issuance of USDT on EOS and Algorand due to low interest.
π΅ Meanwhile, the total supply of USDT issued on the TON network has exceeded 580 million tokens.
EOS once held great promise. However, old and obsolete blockchains are now becoming a thing of the past, making way for more progressive alternatives. π€·
π΅ Meanwhile, the total supply of USDT issued on the TON network has exceeded 580 million tokens.
EOS once held great promise. However, old and obsolete blockchains are now becoming a thing of the past, making way for more progressive alternatives. π€·
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The Ethereum Foundation warns of phishing attempts impersonating them
Their email service, SendPulse, was compromised, allowing hackers to target users. They've alerted potential victims and cautioned against fraudulent collaborations promising 6.8% interest.
Further details are undisclosed. Recently, email services like GetResponse, used by CoinGecko and Tether, also faced security breaches.
Their email service, SendPulse, was compromised, allowing hackers to target users. They've alerted potential victims and cautioned against fraudulent collaborations promising 6.8% interest.
Further details are undisclosed. Recently, email services like GetResponse, used by CoinGecko and Tether, also faced security breaches.
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Coinbase has become the most popular crypto brand among scammers
π₯· Cryptocurrency scammers most frequently mimic the Coinbase exchange brand to deceive their victims. Over the past four years, the Coinbase brand has been used in 416 scam schemes and phishing attacks.
π According to CoinMarketCap, Coinbase is the second-largest centralized cryptocurrency exchange globally, with a daily trading volume exceeding $1.8 billion. On CoinGecko's rating, the platform has the highest trust score alongside Binance, Bybit, and OKX. π§
π Overall, analysts have studied 1.14 million incidents where scammers posed as a well-known company or organization more than 249,000 times.
π Among traditional firms, Facebook is the most popular among scammers, mentioned in 10,457 registered cases of fraud.
π The U.S. Tax Administration featured in 9,762 incidents, and Apple in 9,110. Following them are Amazon (8,919), Steam (4,833), and Microsoft (4,518).
π₯· Cryptocurrency scammers most frequently mimic the Coinbase exchange brand to deceive their victims. Over the past four years, the Coinbase brand has been used in 416 scam schemes and phishing attacks.
π According to CoinMarketCap, Coinbase is the second-largest centralized cryptocurrency exchange globally, with a daily trading volume exceeding $1.8 billion. On CoinGecko's rating, the platform has the highest trust score alongside Binance, Bybit, and OKX. π§
π Overall, analysts have studied 1.14 million incidents where scammers posed as a well-known company or organization more than 249,000 times.
π Among traditional firms, Facebook is the most popular among scammers, mentioned in 10,457 registered cases of fraud.
π The U.S. Tax Administration featured in 9,762 incidents, and Apple in 9,110. Following them are Amazon (8,919), Steam (4,833), and Microsoft (4,518).
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Sales and Discounts
That's exactly how today's Bitcoin fallen looks from the perspective of Julian Liniger, co-founder and CEO of the Swiss Bitcoin payment app Relai.
π₯- I'm agree
π- What a discounts, bears at the doorstep!
That's exactly how today's Bitcoin fallen looks from the perspective of Julian Liniger, co-founder and CEO of the Swiss Bitcoin payment app Relai.
π₯- I'm agree
π- What a discounts, bears at the doorstep!
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Bitcoin continues to scare!
π With the brief drop of Bitcoin below the psychologically significant $60,000 mark, the Fear and Greed Index has also dropped significantly - down 20 points from yesterday to 30 - "Fear". This is the lowest reading in 18 months! π
π Currently, Bitcoin is trading in the range of $60,500 to $61,000. However, according to analysts at 10x Research, this may not be the end - a correction to $50,000 could be possible in the near future. π§
π With the brief drop of Bitcoin below the psychologically significant $60,000 mark, the Fear and Greed Index has also dropped significantly - down 20 points from yesterday to 30 - "Fear". This is the lowest reading in 18 months! π
π Currently, Bitcoin is trading in the range of $60,500 to $61,000. However, according to analysts at 10x Research, this may not be the end - a correction to $50,000 could be possible in the near future. π§
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π° As if we didn't have enough news about Mt.Gox, the German government is also dumping! They are selling bitcoin againβtoday they transferred 400 BTC ($24.3 million) to the exchanges Coinbase and Kraken. π§ The government wallets still hold 46,859 BTC worth $2.85 billion.
π However, the situation with Mt.Gox is not so straightforward. According to Galaxy Digital, retail investors are expected to receive about 65,000 BTC ($3.9 billion) from Mt.Gox, with the remainder going to institutional investors - meaning that the selling pressure should be less than market expectations.
π However, the situation with Mt.Gox is not so straightforward. According to Galaxy Digital, retail investors are expected to receive about 65,000 BTC ($3.9 billion) from Mt.Gox, with the remainder going to institutional investors - meaning that the selling pressure should be less than market expectations.
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Creator of Telegram Pavel Durov again wrote about a tap game, and it's not NotCoin! π This time, he singled out Tap Swap, praising them for choosing the TON ecosystem and achieving 56 million users without any marketing π².
π Fans of Hamster Combat are outraged, but they are also mentioned, albeit by the Iranian authorities π. They consider Hamster Kombat as a tool of soft power designed by Western countries. π§ Some ministers stated that the game was intended to distract the Iranian population from the upcoming elections in the country, and the entire cryptocurrency sphere is seen as fraudulent. π
π Fans of Hamster Combat are outraged, but they are also mentioned, albeit by the Iranian authorities π. They consider Hamster Kombat as a tool of soft power designed by Western countries. π§ Some ministers stated that the game was intended to distract the Iranian population from the upcoming elections in the country, and the entire cryptocurrency sphere is seen as fraudulent. π
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Bybit Doubles Trading Volumes After Bitcoin ETF Launch, Binance Losing Ground!
π The launch of spot Bitcoin ETFs in the U.S. has significantly boosted global cryptocurrency trading volumes. Bybit capitalized on this, doubling its market share from 8% to 16%. This surge has positioned the platform as the second-largest in the world by this metric, trailing only Binance (54%). πͺ
π Despite improvements in revenue and profit metrics, Coinbase's global market share increased by only 1% from October to March.
π€· Notably, Binance's market share decreased from 60% to 54%, even though the exchange resolved all disputes with U.S. regulators by the end of 2023.
π Analysts attribute Bybit's success to its competitive fees, which are among the lowest in the industry.
π The launch of spot Bitcoin ETFs in the U.S. has significantly boosted global cryptocurrency trading volumes. Bybit capitalized on this, doubling its market share from 8% to 16%. This surge has positioned the platform as the second-largest in the world by this metric, trailing only Binance (54%). πͺ
π Despite improvements in revenue and profit metrics, Coinbase's global market share increased by only 1% from October to March.
π€· Notably, Binance's market share decreased from 60% to 54%, even though the exchange resolved all disputes with U.S. regulators by the end of 2023.
π Analysts attribute Bybit's success to its competitive fees, which are among the lowest in the industry.
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Solana Unveils New Tool for Transactions via Links
π Solana has launched a new tool called Actions, designed to transform any website or app into a gateway for cryptocurrency transactions.
π§βπ» Developers have also announced the introduction of blinks (blockchain links), which allow a URL to serve as the starting point for a crypto transaction on the Solana blockchain.
π These tools enable users to initiate transactions directly from links shared on social media or websites.
π Solana has launched a new tool called Actions, designed to transform any website or app into a gateway for cryptocurrency transactions.
π§βπ» Developers have also announced the introduction of blinks (blockchain links), which allow a URL to serve as the starting point for a crypto transaction on the Solana blockchain.
π These tools enable users to initiate transactions directly from links shared on social media or websites.
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VanEck has filed Form 8-A with the SEC for a spot Ethereum ETF - Eric Balchunas
π However, at the beginning of the year, VanEck filed Form 8-A for a Bitcoin ETF exactly one week before its listing β a strong indication that the spot Ethereum ETF might be listed as soon as July 2. πͺπ
π However, at the beginning of the year, VanEck filed Form 8-A for a Bitcoin ETF exactly one week before its listing β a strong indication that the spot Ethereum ETF might be listed as soon as July 2. πͺπ
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"Keep it simple!"
Renowned crypto analyst @ali_charts urges followers to adhere to the well-known philosophical principle of Occam's Razor, or simply put, to keep it simple π.
π He advises using just one indicator that signals the perfect time to buy Bitcoin in-depth - the RSI on the daily chart. Ali Martinez believes this is sufficient to understand precisely when the optimal time for investments is. And that time is right now...ππ°
Renowned crypto analyst @ali_charts urges followers to adhere to the well-known philosophical principle of Occam's Razor, or simply put, to keep it simple π.
π He advises using just one indicator that signals the perfect time to buy Bitcoin in-depth - the RSI on the daily chart. Ali Martinez believes this is sufficient to understand precisely when the optimal time for investments is. And that time is right now...ππ°
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Blockchain ranking by the number of DEX transactions conducted in the last 30 days β¬οΈ
π Solana leads by nearly 10 times over Base and BNB Chain, which hold the 2nd and 3rd positions. This reflects significant interest in the Solana ecosystem within the decentralized exchange environment, possibly due to its speed and low transaction costs. πͺ
π Solana leads by nearly 10 times over Base and BNB Chain, which hold the 2nd and 3rd positions. This reflects significant interest in the Solana ecosystem within the decentralized exchange environment, possibly due to its speed and low transaction costs. πͺ
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π π° During each bull market peak, the Ethereum Foundation has historically sold significant volumes of ETH. This practice has been noted as a strategic move to capitalize on high prices and potentially secure funding for future development initiatives.
π In the current cycle, however, there haven't been notable ETH sales from the foundation yet. This could imply several scenarios: either the anticipated price peak is still ahead, prompting them to hold onto their assets, or they have opted for a different approach this time around. π§
π² Perhaps they are prioritizing long-term holdings to align with broader strategic goals or have adjusted their financial strategy based on market dynamics and institutional developments. It remains to be seen how their stance will evolve as the market continues to unfold.π€
π In the current cycle, however, there haven't been notable ETH sales from the foundation yet. This could imply several scenarios: either the anticipated price peak is still ahead, prompting them to hold onto their assets, or they have opted for a different approach this time around. π§
π² Perhaps they are prioritizing long-term holdings to align with broader strategic goals or have adjusted their financial strategy based on market dynamics and institutional developments. It remains to be seen how their stance will evolve as the market continues to unfold.π€
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Robert Kiyosaki: Bitcoin is moving into the "Banana Zone."
Kiyosaki believes that Raoul Pal, a former high-ranking executive at Goldman Sachs and the author of this concept, knows what heβs talking about.
π The "Banana Zone" means that Bitcoin is becoming parabolic, making people regret not buying more.
ππ°Kiyosaki shared that it was Palβs advice that led him to invest in Bitcoin when it was $6,000. Today, those Bitcoins are worth around $60,000, and Kiyosaki continues to buy more every month.
He emphasizes that Bitcoin, as "rules-based money," can make people richer, unlike government-issued "debt-based" fiat money. He advises holding on tight as Bitcoin enters this exciting phase.
Kiyosaki believes that Raoul Pal, a former high-ranking executive at Goldman Sachs and the author of this concept, knows what heβs talking about.
π The "Banana Zone" means that Bitcoin is becoming parabolic, making people regret not buying more.
ππ°Kiyosaki shared that it was Palβs advice that led him to invest in Bitcoin when it was $6,000. Today, those Bitcoins are worth around $60,000, and Kiyosaki continues to buy more every month.
He emphasizes that Bitcoin, as "rules-based money," can make people richer, unlike government-issued "debt-based" fiat money. He advises holding on tight as Bitcoin enters this exciting phase.
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π¨ Crypto Payment Ban in UAE?
UAE lawyer Irina Heaver warns that new regulations might ban crypto payments in the UAE. On June 5, the Central Bank's board discussed the FIT program, approving rules for payment token services. These guidelines require tokens to be backed by UAE dirhams, excluding other currencies.
πΌπ Heaver argues that these rules prohibit using cryptocurrencies for goods and services unless they're licensed dirham tokens or registered foreign tokens, which donβt yet exist. She highlights that this contradicts the UAE's pro-investment stance and could deter foreign investment.
π€· Heaver stresses that Tether has been crucial for Web3 transactions, and these regulations might hinder the UAEβs digital economy ambitions.
UAE lawyer Irina Heaver warns that new regulations might ban crypto payments in the UAE. On June 5, the Central Bank's board discussed the FIT program, approving rules for payment token services. These guidelines require tokens to be backed by UAE dirhams, excluding other currencies.
πΌπ Heaver argues that these rules prohibit using cryptocurrencies for goods and services unless they're licensed dirham tokens or registered foreign tokens, which donβt yet exist. She highlights that this contradicts the UAE's pro-investment stance and could deter foreign investment.
π€· Heaver stresses that Tether has been crucial for Web3 transactions, and these regulations might hinder the UAEβs digital economy ambitions.
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Signs of a Local Bottom for Bitcoin?
π In the past three weeks, Bitcoin corrected by around 15%, dropping from $70k to $60k. However, there are signs of a potential local bottom, according CryptoQuant.
π Futures Market:
βͺοΈOpen Interest dropped by $3 billion, mainly from long liquidations.
βͺοΈFunding rates for perpetual contracts are near zero, indicating balanced buyer-seller dynamics and a healthier price structure.
πΌ Short-Term Holders:
βͺοΈBitcoinβs price crossed the realized price of short-term holders (STHs) at $62.6k.
βͺοΈSTHs are now experiencing slightly negative profitability, a historical support point during uptrends.
π Macroeconomic Factors:
βͺοΈU.S. macroeconomic data, including GDP, jobless claims (Thursday), and inflation (PCE) data (Friday), maybe influence market sentiment.
But current trends and data suggest a potential local bottom for Bitcoin.
π In the past three weeks, Bitcoin corrected by around 15%, dropping from $70k to $60k. However, there are signs of a potential local bottom, according CryptoQuant.
π Futures Market:
βͺοΈOpen Interest dropped by $3 billion, mainly from long liquidations.
βͺοΈFunding rates for perpetual contracts are near zero, indicating balanced buyer-seller dynamics and a healthier price structure.
πΌ Short-Term Holders:
βͺοΈBitcoinβs price crossed the realized price of short-term holders (STHs) at $62.6k.
βͺοΈSTHs are now experiencing slightly negative profitability, a historical support point during uptrends.
π Macroeconomic Factors:
βͺοΈU.S. macroeconomic data, including GDP, jobless claims (Thursday), and inflation (PCE) data (Friday), maybe influence market sentiment.
But current trends and data suggest a potential local bottom for Bitcoin.
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CEO Ripple: SEC's Policy Could Cost Biden the Election!
βοΈRipple CEO Brad Garlinghouse warned that SEC Chair Gary Gensler's policies might lead to Joe Biden's defeat in the upcoming November presidential election. Garlinghouse was outraged by Gensler's comments at the Bloomberg Invest Summit in New York, where he stated that key industry players are either in jail, heading to jail, or facing extradition.
π Garlinghouse called these remarks "nonsense" and criticized Gensler for missing the FTX scandal and not being involved in the DOJ's Binance announcement. He argued that if Gensler truly "worked for the American people," he would have been fired by now.
βοΈ Ripple has been in a legal battle with the SEC since 2020, when the Commission accused Ripple of raising $1.3 billion through the sale of XRP as unregistered securities.
βοΈRipple CEO Brad Garlinghouse warned that SEC Chair Gary Gensler's policies might lead to Joe Biden's defeat in the upcoming November presidential election. Garlinghouse was outraged by Gensler's comments at the Bloomberg Invest Summit in New York, where he stated that key industry players are either in jail, heading to jail, or facing extradition.
π Garlinghouse called these remarks "nonsense" and criticized Gensler for missing the FTX scandal and not being involved in the DOJ's Binance announcement. He argued that if Gensler truly "worked for the American people," he would have been fired by now.
βοΈ Ripple has been in a legal battle with the SEC since 2020, when the Commission accused Ripple of raising $1.3 billion through the sale of XRP as unregistered securities.
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