Bitcoin this week🟠😎

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Changpeng Zhao has arrived at the maximum security federal prison in Lompoc 🕐

It's only for 4 months 🫡

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☝️ Bybit to compensate $26 million due to Notcoin listing problems

Bybit exchange is ready to compensate users who were affected by the incident with delayed Notcoin deposits on the day of listing, which took place on May 16. Due to technical issues, customers received tokens late and were unable to sell them immediately.

According to the platform's statement, all 320,000 customers will receive 30 MNT, a $50 trading bonus, and a VIP upgrade. Meanwhile, VIP users will be given an additional bonus of up to $500 depending on their level.

“The total compensation amount of about $26 million will be processed within 3 days,” Bybit CEO Ben Zhou said.

He promised to scrutinize the situation to prevent similar problems in the future.

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🏦 Coinbase slams SEC in closing brief over refusal to provide clear regulation

In an appeal to the U.S. Court of Appeals for the Third Circuit on May 31, Coinbase challenged the SEC's decision to deny their request for new rulemaking. The company points out that the SEC failed to present specific arguments in its order, failing to recognize Coinbase's objections that the SEC's current rules are inapplicable to digital asset companies. Coinbase insists that the lack of reasoned rulings should lead to the invalidation of the regulator's decree.

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🇺🇸 President Biden vetoed (the right to reject legislation) a bill that would have allowed regulated financial institutions to hold bitcoin and other crypto-assets.

An honorable president from the people. A Democrat who forbids freedom. 😐

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🇭🇰11 crypto exchanges are close to receiving permits in Hong Kong

Hong Kong will start issuing licenses for crypto exchanges from June 1.

🖤This will allow exchanges to legally operate and serve retail customers.

🖤The licensing process is costly, up to $20 million. 2 exchanges have already received approval.

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Bitcoin sets the direction for everyone. And who sets the direction for bitcoin???🤨🧐

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💸Top 10 projects by developer activity over the past 30 days.

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Crypto exchanges Binance, OKX, HTX and Gate revoked licenses to operate in Hong Kong 🚫

🤖This happened after the Hong Kong regulator demanded that the rules of the sites include a complete ban on customer service from mainland China.

When you wait for a native because of Chinese money, and they... 🙁

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📊Top Bitcoin Holders (Individuals)

1. Satoshi Nakamoto
💰 Holds about 1.1 million Bitcoins!
Worth billions, never moved, ensuring market stability and mystery.
2. The Winklevoss Twins
💸 Holding 70,000 Bitcoins.
3. Tim Draper
💰 Owns 29,500 Bitcoins.
4. Michael Saylor
💵 Possesses 17,732 Bitcoins.
5. CZ (Binance)
💰 Has 15,000 Bitcoins.

Satoshi’s massive holding stands out, highlighting the influence and mystery surrounding Bitcoin’s creator. 💎🚀

#SatoshiNakamoto #CryptoBillionaires

💬 Coinbase has accused the SEC of intending to "strangle" the crypto industry through strict regulatory measures.

The SEC seeks to disrupt the digital asset market and is unwilling to develop clear rules for the industry.

💼The exchange calls on the court to oblige the SEC to create fair rules. In response, only:

Our approach concerns only a small number of market participants

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🚨Worrying Signs For XRP: Price Tumbles As Demand Dries Up 🚨

Crypto investors are closely watching Ripple (XRP) as technical indicators show a bearish trend. XRP has closed below its 20-day EMA for four days, signaling potential trouble.

📊 Bearish Indicators
Current Price: $0.52
24-hour Change: -0.3%
7-day Change: -3.1%

RSI and MFI are below neutral, indicating waning buying pressure. Active addresses on the XRP network have dropped by 30%, suggesting decreased demand.

🌟 Some Hope?

Daily Transactions: 1.16 profitable transactions for every loss-making one.
MVRV Ratio: Negative, indicating XRP might be undervalued.

Despite the bearish trend, XRP is predicted to rise 20% to $0.626627 by July 1, 2024. The Fear & Greed Index at 72 shows high investor greed, suggesting strong buying behavior but also potential corrections.

What do you think about XRP’s future? Share your thoughts below! 👇

#Crypto #XRP #Ripple

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☄️Crypto Fear and Greed Indicator - Greed

🟠Bitcoin - $67,478
🔹Ethereum - $3,779

The market is almost green today, many memcoins are raizing

Top news for today:

🔻Biden vetoes bill aiming to ‘undercut’ SEC crypto authority

🔻VC roundup: Félix Pago’s $15.5m for WhatsApp remittances, Fortunafi’s $9.5m for asset tokenization, and more big wins

🔻Binance founder Changpeng Zhao begins his prison sentence in California

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💬Scammers on Vacation

⛔️ Losses from crypto scams and attacks in May decreased by 28% compared to April, reaching $45 million.

💬 The main targets of the attacks are DeFi platforms (decentralized finance). Despite the overall decrease in losses, attacks on DeFi continue to grow.

🔴 Guys who have only used exchanges — be tens of times more careful when moving to DeFi ❗

#SCAM

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Notcoin has almost doubled the listing price 💥

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🇵🇾In the city of Salto del Guaira, Paraguay, authorities discovered an illegal mining farm and seized 2,738 devices.

It is estimated that the damage from the company's activities amounted to 1.1 billion Paraguayan guarani (about $146,000).

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