😙 XRP, move at least somewhere…

🔹Ripple held a meeting with the National Bank of Georgia🇬🇪 to discuss the digitalization of the country's economy.

🔹The main topic was cooperation in the field of financial technologies, including the pilot project of the digital lari, the national currency of Georgia🇬🇪

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📊 According to Cryptoquant futures traders, it indicates an increased sale of ETH, which creates a bearish mood in the market.

⚪️This trend may signal the possibility of further decline in ETH prices, if it persists.

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💵 Nexus Labs raises $25 million in Series A

🔺The round was led by Lightspeed Venture and Pantera Capital.
🔺The funds will be used to accelerate the development of Nexus 1.0 and expand the engineering team.
🔺The goal of the project is to offload decentralized applications using ZK proofs.

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❌ Liquidations in 1 hour - $50 mln

💲 BTC - $5.6 mln.
💲 ETH - $18 mln.

➡️BTC < $66,200
➡️ETH < $3,500
➡️In the last 24 hours, 98,210 traders have been liquidated, for $251 million.

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🥰Over the past two days, there has been an outflow of funds from the Bitcoin ETF, which reached $ 265 million.

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🟠 Top 80 largest holders of Bitcoin-ETFs, according to SEC data

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👀 SafeWallet on Times Square!

That’s new level of advertising

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📰 Good morning!

Today the market is up, with most altcoins in the green. BTC is currently trading around $67,370. ETH is around $3500.

🟡Fear/Greed Index: 58 - Neutral

🗞 Morning news roundup:

💬 Altcoins show resilience to BTC downturn.

💬 Blockchain adoption among Fortune 500 companies has increased.

💬 Terraform Labs to pay $4.5 billion to SEC in a fraud case.

💬 Trump pledges to support BTC mining in a meeting with industry leaders.

💬 Coinbase CEO meets with senators to advance cryptocurrency regulations.

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😙 He tried

😏The positions of Mikhail Egorov, the founder of Curve, were liquidated in the amount of $140 million after the price of the CRV token fell by 30%.

😏He took out a $95 million loan backed by $141 million worth of CRV tokens.

😏The liquidation occurred when the CRV price dropped to $0.23.

Two of his accounts ended up with more than $1 million in debt, which he repaid by taking out a $6 million USDT loan from Christian Sila.

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$11 million was stolen from an account on the stock exchange 😡

A user of the OKX crypto exchange claimed the theft of $11 million in 25 minutes.

P.S. The exchange is not a wallet, you can only store funds on it that are in operation (transactions, staking, etc.) 🫡

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📉 Solana (SOL) Price Prediction for June 13

Solana (SOL) has been trading in the red, showing a 1.30% decline over the past 24 hours, according to CoinMarketCap.

🔍 Current Analysis:

Hourly Chart: SOL appears bearish. If the decline continues, we could see a support breakout, possibly leading to a drop to the $148-$149 zone.
Daily Chart: Bulls couldn't sustain yesterday's rise. If today's candle closes near $145, a test of the $140 area might be expected by the end of the week.
Midterm View: No reversal signals are apparent. The critical zone to watch is $140. If the weekly bar closes below this level, a further correction could test the $120-$130 area by month's end.

💡 Key Levels to Watch:

Support: $140
Resistance: $148-$149
Midterm Target: $120-$130
📊 Current Price: $149.30

Stay cautious and keep an eye on these levels for potential trading opportunities! 🚀

#Solana #SOL #CryptoAnalysis #PricePrediction

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🎵 Tokenizing Music Catalogs: The Next Frontier for Web3 and the Music Industry 🎵

The music industry is on the brink of a profound transformation, driven by the rise of streaming services and the advent of Web3 technologies. According to Forbes, music streaming now accounts for 84% of total music industry revenue, surpassing $17 billion annually.

However, streaming isn't the only game-changer. Blockchain and tokenization are opening new possibilities for artists, fans, and distributors. Sergio Mottola, CEO of Music Protocol and the Web3 Music Association, envisions a future where music catalogs are tokenized, creating a revolutionary paradigm for the industry.

💬 What are your thoughts on the potential of tokenized music catalogs? Let us know in the comments and don't forget to like and share!

#MusicIndustry #Web3 #Tokenization

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🧬Solana On-Chain Indicators Suggest Bullish Sentiment, Time To Buy?

🔹Certain on-chain indicators suggest a bullish outlook for Solana (SOL), aligning with its recent price movement. Data from IntoTheBlock shows over 1 million new addresses on the Solana network on June 11, signaling potential price surges.

🔹DappRadar reports a 62% increase in transaction volume on Solana, with 8.83 million transactions in the last 24 hours. Solana leads in transactions, surpassing other chains with 59.55 million in seven days.

Crypto analyst Altcoin Sherpa sees now as a good time to buy 🧬SOL, predicting it will rise above $500 this year after consolidating between $185 and $120.

#Solana #Crypto #Bullish

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