😎 What is PolitFi and who is behind it?

We've written multiple times about #TREMP and #BODEN, which are typical examples of memecoins. Their only difference from others is that these coins are tied to the political sphere, which has given rise to a new trend — #PolitFi

PolitFi tokens have gained popularity in the run-up to the upcoming elections in the USA. However, no token is officially linked to a specific politician, and the teams behind most of them are completely anonymous. Political #memecoins merely reflect public sentiment towards a particular candidate and their successes or failures. Although experts predict growth in the PolitFi sector as the US election approaches, the likelihood of scams in such projects is quite high, just like with any other meme coins.

By the way, in the recent debates, neither #Trump nor #Biden mentioned cryptocurrency even once, which may further signal that politicians are still using the industry solely for their PR purposes and are not genuinely interested in the real development of the sector 🧠

#Opinion

🚀 #GSR predicts that #Solana could rise to $1300 if an #ETF is launched

Besides the price prediction, market maker specialists analyzed several assets based on technology, financial flows, decentralization, and market demand criteria. They concluded that #SOL has the highest chances for #ETF approval following the launch of an ETF on #Ethereum

🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) - 54.81%

🧭 Fear and Greed Index - 53

🇺🇸 01.07 15:15 USD - Initial Jobless Claims
Forecast - 235,000, Previous Value - 233,000

🇺🇸 05.07 15:30 USD - Unemployment Rate for June
Forecast - 4%, Previous Value - 4%

🇺🇸 05.07 18:00 USD - Fed Monetary Policy Report

📆 #DeveloperDiaries: Updates for Weeks 24 and 25

Over the past two weeks, our development team has made significant progress in improving and advancing the project. Special attention was given to the following areas:

👨‍💻 Backend
📖 Frontend
📱 Android
⚙️ DevOps

👉 Detailed descriptions for each area can be found in our blog

We continue working for you, constantly improving and developing #KickEX. Thank you for your support and feedback. You can leave additional suggestions and comments on this post.

Sincerely, the KickEX Team 💚

🔷The SEC has returned applications for ETH-ETF to issuers

According to #TheBlock, the regulator has returned spot Ethereum-ETF application forms for revisions and provided additional comments.

The SEC expects to receive the revised forms by July 8, but there is a chance this won't be the last exchange of documents.

👀 — We'll see an ETH-ETF in early July
💔 — We won't see it in early July
🤓 — What is an ETF?
🤔 — What is ETH?

#CryptoNews

🪙 The influx of money into #Bitcoin #ETFs is growing

Yesterday's trading session ended with an influx of $129 million, marking the fifth consecutive day of inflows into #BTC-ETFs.

However, judging by the reactions to the previous post, not all of you know what an ETF is, so here’s a special #Glossary:

📌 ETF (Exchange-Traded Fund) — a fund that holds a collection of securities based on a particular asset (in our case, Bitcoin).

💸 An ETF share is a security that guarantees the right to own a corresponding portion of the fund's asset. That is, the fund buys Bitcoin, and investors buy Bitcoin securities, bypassing all the technological difficulties associated with blockchain operations, choosing wallets, and the risk of losing coins.

Moreover, ETFs can be bought through regular brokerage accounts, making Bitcoin accessible to a larger number of potential investors and companies that do not want to take on the risks of storing cryptocurrency but want to invest in the asset.

🚀 — if you finally understand what an ETF is

#CryptoNews

📈 If #Bitcoin rises to $65,000 in the near future, $940 million worth of shorts will be liquidated

🚀 — We are going up
💔 — Summer is the time for shorts

⚡️ FTX may reimburse creditors with $16 billion in fiat

Analysts believe that part of these funds could flow back into crypto assets, providing the market with additional liquidity.

#CryptoNews

#Opinion

🕯 Although #Bitcoin has fallen below $60,000 again, analysts from #Matrixport claim that the downward trend is over

Experts argue their position by noting that on June 25, #BTC had already reached a critically low level, and the Fear and Greed Index indicated a value after which prices typically begin to recover.

📈 Meanwhile, #StandardChartered predicts the value of digital gold to reach $100,000 closer to the US presidential election.
In their opinion, the price will respond to the prospects of Joe Biden participating in the election.

#Opinion

🔷 Analysts from K33 Research predict that after the launch of an #ETF, #Ethereum will surpass #BTC in growth rate

In their opinion, trading could start as early as July 8, leading to a significant increase in the price of #ETH.

Meanwhile, #Bloomberg reports that the #SEC will approve the applications on July 12, and trading will begin in the middle of the month. If launched, experts foresee a capital inflow into the ETH-ETF of 45 billion dollars in the first year of trading 📈

🪙 #Bitcoin hit a new low on May 2nd, reaching $57,700 and continues to decline

Over the past 24 hours, #BTC has lost 4%, yet market participants remain optimistic. Both #Glassnode and #CaprioleInvestment pointed out that a total of 374,000 coins from the four main #bitcoin players have been dumped on the market since the beginning of this year.

This volume is equivalent to a $24 billion dump 📉

#CryptoNews

🪙 There are currently two main reasons for Bitcoin going down

💸 The initiation of payouts totaling 142,000 Bitcoins from Mt.Gox and the related news background, to which the market typically responds with a decline.

🇩🇪 Germany, which continues to sell its #BTC — just today they transferred 1,300 coins from their wallet.

And while the situation with #MtGox is clear, Justin Sun is trying to influence the Germans by offering the German government to buy their Bitcoins to minimize the market impact.

❤️ — Justin is our hero
🚀 — Not a market decline, but a discount

#CryptoNews

⚡️ Donald Trump wants to make #Bitcoin a reserve asset of the United States

This was confirmed by Jason Lowery, author of the book
“Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin”.

According to Jason, representatives of Trump's campaign contacted him to consult about national security and the strategic significance of #BTC for the United States.

They canceled the gold standard and adopted the digital one 🤔

#CryptoNews

⚡️#MtGox has confirmed that they are starting compensation payments of $9 billion in bitcoin

📉 The market responded with an extreme drop: #BTC fell to $54,000 at one point, and #ETH to $2,800. Altcoins in the top 100 saw declines of 10%-20%.

The market is showing an extreme level of fear and panic selling. Whales with balances of 1,000 to 10,000 bitcoins sold over $1.8 billion.

🐳 — I’m selling with the whales
💎 — I believe in bitcoin

#CryptoNews

Ring-ring, you have a call ☎️

#Glossary

⚠️ The Fear and Greed Index has dropped to 29 (fear)

This is the lowest level in the past year and a half, caused by the market crash.

🔽 Analysts from #Santiment note a historic level of fear (#FUD), and social media platforms are filled with messages urging people to sell their cryptocurrency assets.

🔼 However, not everyone shares the panic in this situation. For example, #Blockstream CEO Adam Back reminds market participants that such downturns have happened before, and this is normal for a bull market.

#CryptoNews