❌ 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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🟠Bitcoin: The Only Truly Decentralized Currency, Says Tether CEO

🔻According to Tether CEO Paolo Ardoino, 🟠Bitcoin is unique among the over 14,000 cryptocurrencies because it is the only one that is truly decentralized. Speaking at the BTC Prague conference on June 13, Ardoino stated,

“Bitcoin is the only example of a currency ruled solely by math that cannot be changed.”

🔻He contrasted Bitcoin with other cryptocurrencies, which he believes are more centralized:

“Other currencies have developers who regularly release new software updates, changing monetary policies,”

🔴Ardoino emphasized Bitcoin's fixed supply of 21 million and its predictable halving schedule every four years.

“Bitcoin is about certainty. It’s like a clock that keeps ticking forever,”

While some argue about the decentralization of Bitcoin versus other cryptocurrencies, Ardoino’s remarks highlight the unique position Bitcoin holds in the industry. His comments came during BTC Prague 2024, where industry figures like Michael Saylor and Adam Back also spoke.

#Bitcoin #Decentralization #Crypto

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‼️🇨🇳Webull's China Problem Grows With Tennessee State Ban

💸Tennessee has banned the popular brokerage Webull from state employees' devices, citing security risks due to its ties to China. This follows similar bans on TikTok and other Chinese-owned platforms like Tiger Brokers, Moomoo, and Futu Holdings.

☄️Webull, founded by Anquan Wang, a former Alibaba employee, faces persistent criticism from Republican politicians who argue that its Chinese connections threaten financial privacy. In April, Indiana's attorney general announced a multistate inquiry into Webull's ties to China. Concerns have also been raised in Capitol Hill hearings by lawmakers such as Sen. Tommy Tuberville.

🚫The ban impacts over 43,000 state employees but can be circumvented by using personal devices. Webull, which plans to go public via a SPAC merger valued at around $7 billion, has about 20 million users globally. Its current parent company is based in the Cayman Islands.

#Webull #China #SecurityRisks

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🔝The dollar gained on Thursday, despite a soft U.S. producer price inflation report for May, following the Federal Reserve's hawkish tone at its recent meeting. U.S. producer prices fell 0.2% in May, after a 0.5% increase in April. Core prices remained flat.

🗓This followed a softer-than-expected consumer price index (CPI) report, suggesting likely softening in the Fed's preferred inflation measure, Personal Consumption Expenditures (PCE).

💵The dollar rebounded after Fed officials unexpectedly forecast only one rate cut this year, possibly delaying it until December. Fed Chair Jerome Powell emphasized waiting for clearer economic signals before adjusting rates. The dollar index (DXY) rose 0.23% to 104.93.

💸Despite CPI optimism, traders adjusted expectations, seeing a 66% chance of a September rate cut. The dollar remains strong as the Fed's stance contrasts with more dovish international central banks. The euro fell 0.19% to $1.0786, and the yen dropped 0.29% to 157.16 per dollar. Bitcoin decreased by 0.70% to $67,603.

#Dollar #FederalReserve #Forex

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🐶Dogecoin (DOGE) has seen a surge in activity, with nearly 10 billion DOGE transacted in 24 hours, driven by significant whale-tier transactions. There were 1.5 thousand transactions in the last day, peaking at 1.89 thousand on June 7, 2024, and dropping to 1.18 thousand on June 9, 2024, indicating rising interest.

🛡Totaling 9.29 billion DOGE, transactions reflect robust market dynamics, down from a weekly high of 27.78 billion on June 7 and a low of 6.84 billion on June 9, likely due to profit-taking or portfolio adjustments. Large transactions totaled $1.33 billion, with peaks at $4.2 billion on June 7 and a low of $1.01 billion on June 9, enhancing liquidity and market depth.

💸These trends show sustained interest in Dogecoin, with active participation from retail and institutional investors, amid a responsive and potentially volatile market.

#Dogecoin #Cryptocurrency #Blockchain

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💎TON has broken through the historical maximum — the token has reached a price of 8$.

🔽After that, the holders hurried to sell the coin and the price dropped to $ 7.82.

#Ton

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💥The Holograph protocol was the victim of an attack after the airdrop in May.

🔴The attacker exploited a vulnerability in the smart contract, which led to the release of an additional 1 billion HLG tokens. The token exchange rate has collapsed by 80%.

🔴The project team has already eliminated the vulnerability and is now cooperating with exchanges to block malicious accounts.

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🟠💯Bitcoin Miners Are Capitulating: What's Happening?

Bitcoin miners are unexpectedly capitulating, a phenomenon that could potentially fuel BTC's growth.

🗣Over the last 18 months, Bitcoin's hashrate, indicating network security, was on an uptrend. However, this trend has recently been breached, suggesting that some miners are quitting.

⏺Miner capitulation is evident through a decline in hashrate, reflecting reduced processing power for Bitcoin mining. Data from CryptoQuant shows a drop in the true hashrate of the network. The hashrate, previously rising, is now declining, marking a deviation from the past 18 months.

🗣This decline is likely due to increasing operational costs and reduced profitability for miners, exacerbated by the halving event not boosting BTC's price as expected. As Bitcoin's price drops, mining becomes less profitable, leading some miners to shut down or reduce operations.

⏺A declining hashrate triggers a readjustment period for Bitcoin, where mining difficulty decreases, making it easier and more cost-effective for remaining miners. Historically, significant price actions have followed hashrate drops. Miners' capitulation might reduce selling pressure, potentially stabilizing and even increasing BTC's price if demand surpasses supply.

#Bitcoin #CryptoMining #BTC

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