🚨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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🤯 An unknown trader earned $1.72 million in four days by investing in the PEW meme token.

💥He increased his initial deposit by 140 times.

🆒The trader invested 3.2 ETH (about $12,300) in the purchase of 27.05 billion PEW, just three minutes after the start of trading.

Four days later, he sold 8.05 billion PEW for 83.5 ETH (approximately $315,000).

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😐💰 Hacking of the decentralized exchange Velocore for $ 10 million

🔹Velocore, running on the zkSync and Linea blockchains, fell victim to hackers, losing about $10 million.

🔻Hackers stole tokens from liquidity providers and successfully transferred over 700 ETH to the main Ethereum blockchain.

🔹The Velocore stablepools remained intact, which allowed users to withdraw their funds from these reserves.

🔺The exchange has passed a security audit from Zokyo, Hacken and Scalebit, but this did not prevent hacking.

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Not a bad deal 😁

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🤑Promising projects, the initial listing of which will take place next week.

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🌐Key news of Sunday, June 2

🗣NOTcoin surges: 500% in a week and 90% in a day.

🗣Bitcoin miners' revenue fell 46.15% in May, hitting its lowest level since October 2023.

🗣FTX to get $800 Million from Sale of Stake in Anthropic.

🗣USDe capitalization reaches $3 billion just 4 months after launch.

🗣China and UAE team up to fight cryptocurrency cybercrime.

🗣Coinbase accuses the SEC of suppressing the crypto industry.

🗣Tether may return to Hong Kong amid local efforts to attract cryptocurrency investment.

🗣Nigeria tops the world in interest in Bitcoin (BTC) according to Google Trends.

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💙💎 TON is the most underrated crypto asset.

❤️ The TON is trading in the range of $6.2-$6.7, while Notcoin has grown by more than 350% over the past week.

👉 Hamster Combat and Catizen, two of Telegram's most promising projects with a total of 72 million players, will soon launch on the TON network.

👉 It is assumed that the accumulation zone for TON is between $6.2 and $6.7, and that the price will rise above $10 this summer.

#TON #TELEGRAM

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😱Since the launch of the Ethereum ETF, centralized exchanges have seen an outflow of more than 800,000 ETH (about $ 3 billion), indicating large purchases by investors.

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📈 According to tech analyst Peter Brandt, the bitcoin price could rise to $130,000-150,000 by Q4 2025 if it follows the trend of previous post-halving bull markets.

Chamath Palihapitiya, billionaire and founder of venture capital firm Social Capital, is more optimistic and predicts that bitcoin could reach $500,000 by the end of 2025.

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💬Singularity NET Announces Token Swap for AGIX, FET, and OCEAN Holders

💸 Over 200,000 ERC-20 token holders have the opportunity to swap their AGIX, FET, and OCEAN tokens for ASI.

👋As part of a merger with Fetch.ai and Ocean Protocol, blockchain project SingularityNET has announced dates for token swaps:

⏺FET holders: June 11
⏺AGIX and OCEAN holders: June 13

✖️Detailed "step-by-step guides" for the swapping process will be released soon, including information on the migration process for AGIX holders on Cardano.

🗣The merger, first reported in mid-March, values the combined entity at approximately $7.5 billion. The new alliance will be governed by a “Superintelligence Collective” led by SingularityNET founder Ben Goertzel, with Fetch.ai CEO Humayun Sheikh serving as chairman.

🔄Exciting times ahead for the crypto community!

#CryptoMerger #ASI #BlockchainInnovation

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OKX Rebrands and Expands in the Netherlands

📅 June 3: OKX to support over 150 cryptocurrencies and 60 crypto-euro trading pairs.

🔄 April 10: Rebranded from Okcoin Europe Ltd. to OKX.

🇳🇱 Netherlands Launch:

⏺Partnership with iDEAL: Easy deposits and withdrawals.
⏺SEPA Integration: Free euro deposits and withdrawals.
⏺OKX Wallet: New self-custodial web3 wallet for Dutch users.
⏺Regulatory Status: Registered with De Nederlandsche Bank (DNB) and licensed in Malta.

🇭🇰 May 24: Withdrew VASP license application in Hong Kong, halted operations on May 31.

🚀 Exciting developments as OKX expands in the crypto space!

#OKX #Crypto #CryptoNews

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👀💬Linea pledges decentralization after halting block production to stop hacker

⚠️The pause in block production, spanning a critical hour between block 5,081,800 and 5,081,801, allowed Linea to assess the situation. During the period, efforts were made to engage with the Velocore team and coordinate responses to the vulnerability, the thread reads.

💸The move, however, raised concerns among members of the crypto community, raising their eye brows due to the move that blocked the whole network with over $1.2 billion in value, according to data from L2Beat.

👑In parallel, both Linea and Velocore teams have initiated measures to address the exploit, including on-chain negotiations and coordination with centralized exchanges to freeze exploited funds. The Velocore team has released a post-mortem on the exploit, outlining affected pools and ongoing efforts to compensate affected users.

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