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๐Ÿ‡บ๐Ÿ‡ธ Bitdeer: A Shift Towards American-Made Bitcoin Mining Equipment

๐Ÿ”„ Bitdeer, a publicly listed bitcoin mining company, is set to manufacture its mining equipment in the United States. This decision is influenced by U.S. President Donald Trumpโ€™s trade policies.

๐Ÿ›  In response to the tariffs imposed by the Trump administration, bitcoin mining rig producers are adjusting their operational strategies. Bitdeer plans to navigate these trade barriers through self-mining and domestic hardware production.
Our plan going forward is to prioritize our own self-mining,โ€ said LaBerge.

This means that Bitdeer will depend on its in-house mining machines to independently generate bitcoin.

๐Ÿ‡บ๐Ÿ‡ธ Domestic competitor Auradine is already producing proprietary ASIC bitcoin miners in the United States. Bitdeer (Nasdaq: BTDR) will begin U.S.-based manufacturing in the latter half of 2025.
This is something weโ€™ve been planning for a long time,โ€ LaBerge stated. โ€œWe want to bring jobs and manufacturing back to America.


๐Ÿ” However, the broader mining sector remains uncertain about the future of the tariff structure.
The entire industry is trying to get clarity on how these tariffs might apply,โ€ he explained.
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๐Ÿ’ฐ Ripple's Strategic Leap into Traditional Finance with Hidden Road Acquisition

๐Ÿš€ Ripple has made a significant move in traditional finance by acquiring Hidden Road, a global prime brokerage firm, for $1.25 billion. This acquisition has received FINRA approval, allowing Ripple to enhance institutional access to fixed income markets.

๐Ÿ“ˆ Hidden Road's subsidiary, Hidden Road Partners CIV US LLC, has been authorized by the Financial Industry Regulatory Authority to operate as a broker-dealer. This designation enables the firm to expand its fixed income prime brokerage platform, which includes services like Fixed Income Repo & Global Funding. The company stated,
As a broker-dealer, Hidden Road will now be able to provide new and existing institutional clients with a full suite of regulatory-compliant prime brokerage, clearing, and financing services in fixed income assets.


๐Ÿ—ฃ Noel Kimmel, president of Hidden Road, emphasized the importance of this milestone for the firm's growth in capital markets. He said,
Our broker-dealer registration is a significant step in the development of Hidden Roadโ€™s fixed income prime brokerage platform and bolsters our capabilities in traditional financial markets.

Kimmel added that being a FINRA member will allow them to offer their technology-driven fixed income services to a broader range of institutional clients.

๐ŸŒ Ripple's acquisition of Hidden Road positions it as the first digital asset firm to own a global, multi-asset prime broker. This move aims to enhance Ripple's cross-border payment and custody services. Ripple CEO Brad Garlinghouse remarked,
We are at an inflection point for the next phase of digital asset adoption โ€“ the U.S. market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end.


๐Ÿ”— Ripple CTO David Schwartz described the deal as transformative for the XRP Ledger and XRP itself. He noted that XRP could support part of Hidden Roadโ€™s daily $10 billion clearing volume and 50 million transactions. The partnership will integrate blockchain-based settlement and use XRP and RLUSD for collateral and cross-asset trades, aiming to establish Hidden Road as the largest non-bank prime broker globally.
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๐Ÿ“ฐ Latam Insights Encore: President Milei's Bold Move to Control the Dollar in Argentina

๐Ÿ‡ฆ๐Ÿ‡ท Last week, Argentina's government, led by President Javier Milei, took a significant step by securing an additional credit line from the International Monetary Fund (IMF). This move aims to open the economy to foreign investment and lift the "cepo," a series of currency controls that have been in place since 2019. This decision fulfills one of Milei's campaign promises and places the future of the Argentine economy in the government's hands.

To address this, the central bank has implemented a fluctuation system aimed at maintaining the exchange rate between 1,000 and 1,400 pesos per dollar.


๐Ÿ”„ The central bank will intervene in the market to stabilize the rate if it goes outside this range. During the first week of free flotation, the dollar remained stable, trending toward the lower end of the fluctuation system. This suggests confidence in Milei's strategy and indicates that Argentines have not fully committed to the dollar.

โš–๏ธ Dealing with the dollar will be one of the biggest tests for Milei, and his political future is at stake. If successful, he will demonstrate his ability to dismantle a long-standing system without the possibility of withdrawal. However, if his plan fails, Argentines will face increased devaluation and inflation, overshadowing the anticipated economic miracle by rising debt levels with the IMF and other international lenders.
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๐Ÿš€ Arthur Hayes Predicts Bitcoin Boom Amid Trumpโ€™s Tariff Turmoil

๐ŸŒช Arthur Hayes, co-founder of Bitmex and principal at Maelstrom, recently drew a bold analogy between President Trump's trade policies and financial market risks. He likened the situation to avalanche forecasting, stating,
I characterize this chain of events as a policymaker pivot from 'everything is fine' to 'everything is fucked, we must do something', markets surged, and most importantly, bitcoin bottomed.

He declared a local bottom for bitcoin at $74,500.

๐Ÿ“‰ Hayes attributed the chaos in the market to Trump's tariff announcement, which he claimed heightened U.S. bond market volatility to crisis levels. This led to a swift reversal, prompting U.S. Treasury Secretary Scott Bessent to announce a bond buyback program. Hayes interpreted this move as stealth monetary easing and emphasized its bullish implications for digital assets:
Using this information, we as bitcoin hodlers and crypto degen investors know that the bottom is in because the next time Trump ramps up the Tariff rhetoric or refuses to reduce tariffs on China, bitcoin will rally in anticipation of the monetary mandarins running the money printing press at max Brrrrr levels to ensure bond market volatility remains muted.


๐Ÿ”ฎ He further noted that Trump's future tariff actions could lead to additional concessions without crushing bitcoin alongside certain equities. Hayes remarked,
Bitcoin knows that the deflationary policies cannot be sustained for long, given the insane levels of current and future debt the filthy financial system requires to operate.


๐Ÿ’ช Despite recent market downturns, Hayes expressed strong optimism for bitcoin and the broader crypto market. He revealed Maelstrom's aggressive investment strategy, stating,
At Maelstrom, we have maxed out our crypto exposure. Now itโ€™s all about buying and selling different cryptos to stack sats. The coin purchased in the largest quantity was bitcoin during the dip from $110,000 to $74,500.


๐ŸŒ With global sentiment portraying Trump as recklessly using tariffs, investors are seeking assets perceived as counter to the establishment. Hayes explained,
Physically, thatโ€™s gold. Digitally, thatโ€™s bitcoin.

He predicted a major capital shift within crypto markets:
Once bitcoin breaches $110,000, the previous all-time high, it will likely surge, further increasing dominance. Maybe it just misses $200,000. Then the rotation begins from bitcoin into shitcoins.
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๐Ÿ“‰ Steve Hanke Warns: Trump's Tariffs Could Echo the 1930s Economic Collapse

๐Ÿ‘Ž Economist Steve Hanke has expressed strong opposition to U.S. President Donald Trumpโ€™s tariff policies, drawing parallels between the current economic climate and the early 1930s. He specifically references the Smoot-Hawley Tariff Act, which he describes as
the stupidest thing Iโ€™ve ever seen in my life.


๐Ÿ“ฑ On the social media platform X, Hanke has been vocal about his concerns. He quoted his friend and former colleague David Stockman, stating that
Trumpโ€™s proposed tariffs will increase input costs for American businesses by $500 billion.

Hanke emphasized that
tariffs equal an economic wrecking ball.


๐Ÿ“‰ In a video posted on X, Hanke warned that current economic policies resemble those of the early 1930s, when the Smoot-Hawley Tariff Act was implemented. He noted,
The money supply was contracting. That caused a slowdown in the start of the Great Depression.

He further explained that the announcement of the Smoot-Hawley tariff in March 1930 led to a market crash, with the Dow Jones Industrial Average losing 83% of its value by June 1932.

๐Ÿค” Hanke criticized the Trump administration's approach, suggesting that its advisors either misunderstand or underestimate the risks involved. He pointed out Trump's casual dismissal of potential economic fallout as a minor or short-lived issue reflects a disconnect from historical precedent and monetary realities.

๐ŸŽฅ In the video, Hanke stated,
Weโ€™ve seen this movie before. Itโ€™s clear that the people around Trump had no clue of whatโ€™s going on.

He warned that if the current situation does not change,
weโ€™re in for a lot of trouble.

He concluded by diplomatically calling the situation
the stupidest thing Iโ€™ve ever seen in my life. The U.S. is just creating enemies.
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๐Ÿ’ฐ Ripple's Acquisition Bid for Circle Internet Group

๐Ÿ” Ripple has made a significant move in the cryptocurrency space by attempting to acquire its competitor, Circle Internet Group. The company offered between $4 billion and $5 billion for Circle; however, insiders reported that the offer was rejected due to its undervaluation of the company.

๐Ÿ“ˆ Despite this setback, Ripple remains interested in Circle, although it is uncertain whether they will make a follow-up bid. Meanwhile, Circle is moving forward with its plans for an initial public offering (IPO), which was filed earlier this month.

๐Ÿ’ต Ripple recently launched its RLUSD stablecoin in December, which currently has a market value of approximately $316.9 million. This places it in competition with Circle's USDC stablecoin, which boasts a much larger valuation of $61.7 billion.

๐Ÿ—ฃ A spokesperson for Circle declined to provide details about the potential deal, citing regulatory constraints and a quiet period under the SEC. Ripple also chose not to comment publicly on the matter.
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๐Ÿ“‰ Federal Reserve Rate Cut Expectations Dwindle Ahead of FOMC Meeting

๐Ÿ“… Just over two weeks ago, there was a 39.8% chance that the U.S. Federal Reserve would reduce the federal funds rate by 25 basis points. However, as we approach the next Federal Open Market Committee (FOMC) meeting on May 7, that probability has plummeted to just 7.8%.

๐Ÿ“‰ U.S. equity indexes fell in response to recent data indicating a contraction in gross domestic product (GDP), amidst ongoing trade negotiations and concerns over President Donald Trumpโ€™s tariff policies. The Federal Reserveโ€™s Board of Governors will meet on May 7 to decide on the benchmark interest rate.

๐Ÿ—ฃ Trump's views on Federal Reserve Chair Jerome Powell have shifted significantly. He initially criticized Powell for being slow and even suggested his removal. However, Trump later retracted those statements, asserting he had no intention of dismissing the Fed chair. At a rally in Michigan, he claimed to have superior knowledge in monetary matters, stating,
I have a Fed person who is not really doing a good job.


๐Ÿ“Š According to projections from the CME Fedwatch tool, the chances of a rate cut are minimal, with markets favoring no change. While there is a slight 7.8% probability for a 25 basis point reduction, the overwhelming expectation is 92.2% for maintaining the current rate. The Fedwatch tool assesses these odds by analyzing fed funds futures prices to provide real-time market insights.

๐Ÿ“ˆ A 2025 study published on SSRN credits the Fedwatch tool with an 88% accuracy rate in predicting Federal Reserve decisions. Meanwhile, Polymarketโ€™s prediction market indicates a 93% chance of no rate change and a 7% chance of a cut, with $32 million in wagers placed. On Kalshi, the probability for a quarter-point cut is slightly higher at 10%.

๐Ÿ’ผ As traders overwhelmingly anticipate no changes to the rate, market sentiment reflects confidence in the Fed's ability to maintain its position during the upcoming May FOMC meeting. This confidence persists despite political pressure from Trump and economic uncertainties related to tariffs. The disparity between sentiment and speculation highlights how firmly entrenched expectations have become.

๐Ÿ” Whether the central bank will strictly adhere to data or yield to broader narratives could soon become a pivotal moment for its monetary credibility. However, with a week remaining before the meeting, there is still ample time for FOMC members to reconsider their positions.
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๐Ÿ“ˆ XRP's Current Market Position and Technical Analysis

๐Ÿ’น XRP is currently trading at $2.14 with a market capitalization of $125 billion and a 24-hour trading volume of $1.99 billion. The asset's intraday price range is between $2.09 and $2.16, indicating cautious buying pressure.

๐Ÿ“Š On the 1-hour chart, XRP has recovered from a recent low of $2.077 and is moving towards $2.14. This short-term rally is supported by increased buying pressure, especially in green candle volumes. A potential rounded bottom pattern suggests that bullish sentiment may be building. Entry signals were identified in the $2.09โ€“$2.10 range, with traders watching for minor pullbacks to reinforce support. Upside targets are near $2.15 to $2.17.

๐Ÿ“‰ The 4-hour chart shows a descending channel structure with lower highs and lower lows. XRP found support near $2.077 and is testing the upper resistance boundary of the channel. A sustained breakout above the $2.15โ€“$2.16 resistance band with rising volume would provide stronger bullish confirmation. However, failure to clear this level could renew downward pressure.

๐Ÿ“… On the daily chart, there is a longer-term bearish trend following a decline from approximately $2.50 to a bottom of $1.611 in April. The market entered a gradual recovery phase but has struggled to decisively surpass the $2.16โ€“$2.17 resistance area. Support remains in the $2.05โ€“$2.10 zone while resistance lies between $2.30 and $2.35.

๐Ÿ”„ Oscillator data shows a broadly neutral sentiment. The relative strength index (RSI) is at 46.69, indicating neither overbought nor oversold conditions. However, the momentum indicator suggests mild bearishness, and the moving average convergence divergence (MACD) level issues a bearish signal.

๐Ÿ“‰ A review of moving averages highlights a broadly bearish bias across shorter time frames. The exponential moving averages (EMA) for 10, 20, and 30 periods reflect negative signals, although longer-term averages like the 200-period EMA and SMA imply that the current price is still above major support zones.

๐Ÿ”ฎ In conclusion, XRP is at a technical crossroads. While there are signs of short-term recovery, the overall sentiment favors caution due to the prevailing bearish configuration of oscillators and moving averages. Until a definitive breakout above $2.16 is confirmed with strong volume, the outlook remains neutral with a bearish lean. Traders should prepare for a binary outcome based on near-term price action at resistance.
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๐Ÿšจ Breaking: FED Leaves Interest Rates Unchanged at FOMC Meeting ๐Ÿ›

๐Ÿ‘‰ Read more
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๐Ÿ›ข Emarat Partners with Crypto to Introduce Cryptocurrency Payments at Fuel Stations

๐Ÿš€ Emarat, a leading fuel provider in the UAE, has teamed up with Crypto to offer cryptocurrency payment services at 10 of its fuel stations. This move highlights the UAE's growing reputation as a hub for financial innovation.

๐Ÿ—ฃ In a statement, Emarat announced plans to expand crypto payment options across its entire network of 155 service stations located in Dubai and the Northern Emirates. Alongside this initiative, they also introduced a fuel naming rights program.

๐Ÿ“ The statement mentioned,
As part of this collaboration, we are also launching the Emarat x Crypto Service Station on Al Wasl Road in Dubai โ€” a flagship location under the worldโ€™s first-of-its-kind Project Landmark, which introduces naming rights for fuel stations.


๐ŸŒ This partnership between a major regional fuel provider and a leading cryptocurrency exchange highlights the increasing acceptance of digital assets in the MENA region. Dubai's blockchain strategy and regulatory frameworks are further promoting cryptocurrency adoption.

๐Ÿ’ก The initiative aims to enhance retail convenience and improve customer experience at Emarat stations, positioning Emarat as a leader in digital payment solutions within the fuel retail sector. Emarat stated,
This partnership embodies our joint commitment to innovation, redefining retail convenience, and enhancing the customer journey through cutting-edge digital experiences.
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๐Ÿ’ฐ Bitcoin ETFs See Strong Inflows While Ether ETFs Recover

๐Ÿ“ˆ Bitcoin exchange-traded funds (ETFs) continued to attract significant investments, with a net inflow of $321 million, primarily driven by major players like Blackrock and Fidelity. In contrast, ether ETFs ended a three-day outflow streak with a modest inflow of $18 million, also led by Blackrock.

Bitcoin ETFs continue to demonstrate strong momentum,

said a market analyst. On May 9, the last trading day of the week, inflows totaled $334.58 million, highlighting ongoing institutional confidence. Blackrockโ€™s IBIT was the standout performer, bringing in $356.20 million. Fidelityโ€™s FBTC added $45 million and Vaneckโ€™s HODL contributed $13.12 million. However, Grayscaleโ€™s GBTC experienced a significant outflow of $65.16 million and Bitwiseโ€™s BITB saw $14.59 million exit.

๐Ÿ’ช Despite these outflows, the overall gains for bitcoin ETFs remained strong. Total trading volume reached $2.66 billion and net assets surged to $121.23 billion. This reflects a positive upward trend for the segment this month.

๐ŸŒฑ In the ether ETF market, sentiment shifted to a cautiously optimistic tone. A $17.61 million inflow into Blackrockโ€™s ETHA ended three consecutive days of outflows for the category. While no other ether ETFs showed movement, this was sufficient to bring total net inflows to $18 million.

With bitcoin ETFs leading the way and ether showing signs of recovery,

the analyst noted,
the digital asset ETF space seems to be regaining its footing.

Ether ETF volume also increased significantly to $620.39 million and net assets rose to $8.02 billion, surpassing the $8 billion mark for the first time in weeks.
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๐Ÿ“‰ Market Fatigue: Cryptocurrencies, Precious Metals, and Equities Decline

๐Ÿ“‰ Today, cryptocurrencies, precious metals, and equities experienced a decline after a recent rally. Signs of fatigue are becoming evident as momentum stalls across various asset classes. Bitcoin dropped to a mid-day low of $102,622.

๐Ÿ“‰ During Wednesday's mid-day session, BTC fell to $102,622 from an intraday peak of $104,836. Technical indicators suggest that overbought conditions have led to persistent selling pressure. This follows two unsuccessful attempts to็ช็ ด the $105,000 resistance level. Both BTC and ETH decreased by approximately 1%, while other top tokens saw even greater losses.

๐Ÿ“‰ The broader crypto market declined by 1.12% in the past 24 hours. Trade volume remained steady at around $146.31 billion. A few tokensโ€”WAL, RAY, PENGU, and FORMโ€”posted gains between 5% and 10%, while EOS, BRETT, WIF, and PI experienced losses ranging from 9.2% to 10%.

๐Ÿ“‰ Major U.S. stock indices also saw mixed results, with the Nasdaq holding up slightly amid rising bond yields. The NYSE Composite fell by 0.55%, the Dow Jones Industrial Average dipped by 0.28%, and the S&P 500 inched down by 0.02%. Persistent recession forecasts and a tightening stance by the Federal Reserve continue to weigh heavily on investor sentiment.

๐Ÿ“‰ Precious metals were not immune to the downturn either. Gold declined by more than 2%, silver fell by 1.96%, platinum slipped by 0.85%, and palladium recorded a modest loss of 0.24%. The recent wave of optimism tied to trade negotiations appears to be tapering off. By 2:30 p.m. (ET), bitcoin managed to recover slightly, climbing back above the $103,000 range.
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๐Ÿ“ˆ XRP Market Analysis: May 18, 2025

๐Ÿ“Š On May 18, 2025, XRP was trading at $2.39 with a market capitalization of $140 billion and a 24-hour trading volume of $2.07 billion. The price fluctuated between $2.30 and $2.407 throughout the day.

๐Ÿ“ˆ The one-hour chart shows a slight uptrend for XRP after bouncing off the $2.30 level. There is a pattern of higher lows and sustained volume during bullish candles, indicating accumulation. The local resistance at $2.407 is crucial; a breakout above this level on volume would confirm short-term momentum. Aggressive traders may consider entering above $2.407, targeting $2.45 to $2.48, while conservative strategies prefer pullback entries around $2.37 to $2.38 with stops at $2.35.

๐Ÿ”„ The four-hour chart indicates a potential reversal from a recent decline off the $2.656 peak. The twice-tested $2.30 level suggests foundational support, and the modest upswing toward $2.40 shows early signs of recovery. Traders are looking for a breakout above $2.42 to validate this shift. Entry considerations align with a positive zone between $2.40 and $2.42, aiming for a $2.50 target with protective stops at $2.34.

๐Ÿ“‰ On the daily chart, XRP recently broke out to $2.656 but has since retraced and is consolidating just above the $2.30 support zone. This pullback seems driven by short-term profit-taking rather than fundamental weakness. The current price structure suggests the asset is forming a base for another upward leg. A daily close above $2.40 with renewed volume would likely attract bullish interest targeting the $2.60 to $2.65 range.

โš–๏ธ Oscillators present a mixed but generally neutral outlook. The relative strength index (RSI) is at 55.34, indicating balanced buying and selling pressure. The Stochastic oscillator and commodity channel index (CCI) are also neutral. The average directional index (ADX) reflects a weak trend, while the Awesome oscillator remains neutral. Notably, momentum shows a negative signal advising caution, whereas the moving average convergence divergence (MACD) level offers a positive signal hinting at latent bullishness.

๐Ÿ“ˆ Moving averages are predominantly bullish across timeframes. The exponential moving average (EMA) values from 10 to 200 periods are below the current price, indicating upward momentum. However, the 10-period simple moving average (SMA) issues a bearish signal. Conversely, the SMA values for the 20, 30, 50, 100, and 200 periods support a continued uptrend, suggesting buy conditions. This alignment underscores the technical strength in XRPโ€™s broader price structure.

๐Ÿ’ช Bull Verdict: XRPโ€™s consistent support at $2.30, the formation of higher lows on intraday charts, and the alignment of moving averages suggest a structurally sound uptrend. If volume returns and XRP breaches $2.41 with conviction, the path to retesting $2.60โ€“$2.65 remains viable in the short term.

โš ๏ธ Bear Verdict: Despite bullish setups, XRPโ€™s lack of decisive momentum and neutral oscillator readings suggest a fragile rally. Failure to clear $2.41 or a drop below $2.30 could expose XRP to deeper consolidation or a bearish reversal toward prior support levels.
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๐Ÿš€ Lightchain AI: Pioneering the Integration of Blockchain and Artificial Intelligence

๐ŸŒ Lightchain AI, a groundbreaking blockchain initiative that incorporates artificial intelligence, has announced its mainnet launch set for July 2025. This launch will unveil a decentralized AI marketplace, allowing creators and businesses to utilize the Lightchain Protocolโ€™s Global Model, referred to as the Artificial Intelligence Virtual Machine (AIVM).

๐Ÿ”‘ Central to Lightchain AIโ€™s infrastructure are two innovative components:

1. Proof of Intelligence (PoI): This unique consensus mechanism rewards nodes for conducting valuable AI computations, such as model training and inference tasks. This ensures network security while directly contributing to AI development.

2. Artificial Intelligence Virtual Machine (AIVM): A specialized layer designed for executing AI-specific tasks within the blockchain ecosystem. The AIVM allows developers to deploy models from popular AI frameworks like TensorFlow and PyTorch, enabling the creation of decentralized, real-time AI applications.

๐ŸŒฑ In preparation for the mainnet launch, Lightchain AI has launched several initiatives to promote ecosystem growth:

- Developer Grants: A grant program totaling $150,000 has been established to support builders, researchers, and emerging projects within the Lightchain ecosystem.

- DeFi Partnerships: Strategic collaborations with decentralized finance protocols are planned to implement yield strategies, data-backed derivatives, and decentralized compute markets on Lightchain upon mainnet launch.

- Developer Portal: A dedicated portal will be launched alongside the mainnet, providing access to documentation, software development kits (SDKs), and grant application channels to attract core contributors from the AI and blockchain communities.

๐Ÿ’ฐ The native token of the Lightchain AI ecosystem, LCAI, is currently in its presale phase. The token serves multiple functions within the platform, including payments for AI tasks, staking for governance participation, and transaction settlements.

๐Ÿ”ฎ With the mainnet launch scheduled for July 2025, Lightchain AI is set to make significant advancements in merging AI and blockchain technologies. The introduction of a decentralized AI marketplace aims to democratize access to AI resources, empowering creators and companies to develop and deploy AI-driven applications in a transparent and scalable environment.
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๐Ÿ’ฐ Standard Chartered Stands Firm on $500K Bitcoin Prediction Amidst Surge in Sovereign Investments

๐Ÿ“ˆ Bitcoin's journey towards $500,000 has gained significant traction as sovereign funds and major institutions invest heavily, supporting Standard Chartered's optimistic outlook with tangible capital. This week, Standard Chartered Bank reaffirmed its long-term bitcoin projection, asserting that the cryptocurrency could reach $500,000 by the end of Donald Trumpโ€™s second term.

๐Ÿ“Š In a report released on Tuesday, Geoffrey Kendrick, the bankโ€™s global head of digital assets research, pointed to recent investment disclosures indicating a surge in institutional and sovereign interest in bitcoin. He stated,
The latest 13F data from the U.S. Securities and Exchange Commission (SEC) supports our core thesis that bitcoin will reach the $500,000 level before Trump leaves office as it attracts a wider range of institutional buyers.


๐Ÿ“‰ The 13F data refers to quarterly filings by institutional investment managers with over $100 million in assets, detailing their equity holdings. The report noted a rising trend of sovereign accumulation of MicroStrategy (Nasdaq: MSTR) sharesโ€”often viewed as a proxy for bitcoin exposureโ€”due to regulatory restrictions on direct cryptocurrency holdings. Notably, France and Saudi Arabia initiated MSTR positions, while entities in Norway, Switzerland, and South Korea increased their stakes. Additionally, several U.S. state retirement systems, including those from California, New York, North Carolina, and Kentucky, collectively added the equivalent of 1,000 BTC.

๐Ÿ“ˆ Kendrick elaborated,
As more investors gain access to the asset and as volatility falls, we believe portfolios will migrate towards their optimal level from an underweight starting position in BTC.

He underscored the broader implications for bitcoinโ€™s price trajectory:
The quarterly 13F data is the best test of our thesis that BTC will attract new institutional buyer types as the market matures, helping the price reach our USD 500,000 target level.

He added,
When institutions buy bitcoin, prices tend to rise.


๐Ÿ” While concerns about regulatory clarity and volatility persist, bitcoin advocates view the increasing accumulation by sovereign and institutional investors as a positive sign for long-term value appreciation.
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๐Ÿš€ Lightchain AI: Pioneering the Future of Decentralized AI on Blockchain

๐ŸŒŸ Lightchain AI is set to revolutionize the intersection of blockchain and artificial intelligence with its innovative approach as an Ethereum fork chain. This platform is not just another addition to the blockchain landscape; it represents a significant advancement aimed at overcoming major challenges in blockchain and AI deployment. By integrating features like Decentralized AI Virtual Machines (AIVM) and the Proof of Intelligence (PoI) consensus mechanism, Lightchain AI is creating a unique decentralized ecosystem.

โšก๏ธ One of the standout features of Lightchain AI is its Proof of Intelligence (PoI) mechanism, which redefines traditional consensus methods. Unlike the energy-intensive proof of work (PoW) or the limited proof of stake (PoS), PoI rewards nodes for performing AI computations. This approach not only reduces computational waste and energy consumption but also makes participation accessible to anyone with computational resources, fostering a more sustainable and intelligent future.

๐ŸŒ Lightchain AI also excels in scalability, crucial for handling the demands of AI workloads. Its self-scaling ecosystem can manage large datasets and complex analytics seamlessly. Additionally, the platform ensures unbreakable security and ethical AI practices through blockchain's transparency, keeping data private and tamper-proof.

๐Ÿšจ Currently, Lightchain AI is in its Bonus Stage with a limited allocation of tokens available before the mainnet launch. Early participants not only receive discounted tokens but also gain exclusive perks to influence the platform's future. This is an opportunity to be part of a technological movement poised to disrupt the blockchain and AI sectors.

๐Ÿค Joining the Lightchain AI community means collaborating with developers, crypto enthusiasts, and visionaries to push the boundaries of decentralized AI systems. With innovations like Proof of Intelligence and AIVM, Lightchain AI is paving the way for a future where technology serves humanity.

๐ŸŒŸ Don't miss the chance to be part of this groundbreaking initiative. Claim your tokens now and prepare to witness how Lightchain AI will redefine our understanding of AI and blockchain integration.
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๐Ÿ†• Grayscale Launches Artificial Intelligence Crypto Sector

๐Ÿš€ Grayscale has officially launched its Artificial Intelligence Crypto Sector, marking a significant development in the intersection of decentralized AI and cryptocurrency. This new sector, announced on May 27, is a response to the rapid growth of decentralized AI over the past two years. Grayscale stated,
In light of the rapid growth and development of decentralized AI over the last two years, we are creating a new Artificial Intelligence Crypto Sector.


๐Ÿ’ก This sector is the sixth addition to Grayscaleโ€™s Crypto Sectors framework and includes tokens that were previously categorized under other sectors like Smart Contract Platforms and Consumer & Culture. Currently, it comprises 20 tokens with a total market capitalization of $21 billion, a significant rise from $4.5 billion in Q1 2023. The largest project in this sector by market cap is Bittensor, a platform for AI development.

๐Ÿ” The Artificial Intelligence Crypto Sector is divided into three main subsectors: AI Platforms, AI Tools & Resources, and AI Apps & Agents. AI Platforms like Bittensor and Near provide the essential infrastructure for decentralized AI development. The AI Tools & Resources subsector includes projects such as Grass and Akash, which offer crucial data and computing resources for AI model development. Lastly, the AI Apps & Agents subsector focuses on applications that engage with end users, including autonomous AI agents and solutions for AI-related issues like identity verification and intellectual property management.

๐ŸŒฑ Grayscale highlights the potential of decentralized AI technologies to democratize access, reduce bias, and enhance transparency within the AI industry. The firm anticipates further growth in this sector, driven by the increasing adoption of blockchain-based AI projects and innovations like distributed training and stablecoin integration.
These advancements could transform the sector, enabling more efficient AI model training and facilitating microtransactions for AI agents.

With the AI Crypto Sector still in its infancy, Grayscale believes it will play an increasingly vital role in the broader crypto landscape.
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