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Whale Alert reported the freezing of funds on five USDT wallets on the Tron blockchain totaling about $48 million

The largest of the five addresses contains 11,688,001 USDT.

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Teleport, a decentralised competitor of Uber, has launched Trip on the Solana ⚫️ blockchain.

⏺The mobile app is already used by 857 drivers and allows them to plan shared rides.

⏺Unlike Uber, which takes 44% of the cost of a ride, Trip charges a commission of only 15%.

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Vitalik Buterin is attending the Ethereum ETHKyiv Summit in Kiev today.

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According to Dune Analytics, the number of daily transactions on the LayerZero network has dropped significantly, down 97% from its peak in July 2022.

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🤯 Withdrawal of 200,693,776 USDT was made from Huobi exchange.

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Top 15 projects with bullish forecasts from Oriole Insights

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⚪️

Big Break Coming for Ethereum (ETH) DeFi

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🗣The Ethereum DeFi sector is set for a major breakthrough! Ryan Watkins from Syncracy Capital says it's the strongest since 2020. Key factors include strong revenue growth, low valuations, and potential approval of Ethereum ETFs by the SEC.

🔴Leading DeFi apps like Lido, MakerDAO, Uniswap, and Aave are hitting record revenues. For instance, Aave's revenue jumped to $750 million in May 2024 from $500 million in 2022. Major upgrades and ETF introduction could boost this further.

#Ethereum #DeFi #CryptoNews

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Worldcoin (WLD) Price Surges Over 15% to $3

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🔴Worldcoin (WLD) saw a 15% surge, reaching $3. This spike follows Worldcoin's announcement of expanding its World ID network into Ecuador. Verifications start in Guayaquil on June 26 and in Quito on June 27, targeting locals 18+.

💥This move boosts WLD as the project aims to provide global identities. Additionally, Worldcoin plans further expansion in Argentina with 50 new verification locations and investment in local talent.

⏺In Kenya, the government dropped its investigation into Worldcoin, clearing the path for resumed operations after earlier suspensions.

#Crypto #Worldcoin #WLD

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CEXs Remain Crucial for Crypto Adoption Despite FTX Collapse

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Despite the FTX exchange's collapse, causing $8.9 billion in lost user funds, centralized crypto exchanges (CEXs) are key to mainstream retail adoption. CEXs serve as the first interaction layer for new users buying cryptocurrency, fostering trust and ease of use.

🗣Mass Adoption: CEXs are expected to onboard the next 100 million retail adopters.
🗣User Trust: The trust in CEX companies and intuitive trading experiences attract new investors.
🗣Hybrid Exchanges: Offering a mix of CEX and decentralized exchange features, hybrids aim to rebuild trust post-FTX collapse.
🗣Institutional Adoption: Robinhood’s Bitstamp acquisition and Revolut's crypto exchange launch indicate positive trends for institutional crypto adoption.

CEXs continue to dominate trading volumes, with Binance handling $15.1 billion, compared to $3.56 billion on DEXs. However, hybrid exchanges could bridge the gap, combining CEX usability with DEX security.

#Crypto #CEX #FTX #Adoption

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✏️

Standard Chartered to Launch Spot Bitcoin, Ether Trading Desk in London

💬💬Standard Chartered is set to launch a spot crypto trading desk in London, trading bitcoin and ether under its FX trading unit. This marks its entry into spot trading for these top cryptocurrencies. The bank has backed Zodia Markets and holds a stake in Zodia Custody. Institutional interest has surged since the SEC approved spot bitcoin ETFs, with major hedge funds and banks investing heavily. The bank is working closely with regulators to meet institutional client demand.

#CryptoTrading #Bitcoin #Ethereum #StandardChartered

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Daily USDT trading volume in TON network reached $53 bln and exceeded USD transfers through Visa

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Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge

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Osmosis DAO has voted to adopt a fee-free Bitcoin bridge, enabling 🟠Bitcoin (BTC) to move into the Cosmos ecosystem. This initiative involves a revenue-sharing agreement with Bitcoin bridge Nomic, addressing revenue distribution for deposits and withdrawals.

🗣The bridge aims to reduce friction for users moving BTC to other ecosystems for DeFi activities. With 95% community support, this move aligns with efforts to leverage BTC's value and bring liquidity to the broader digital asset industry.

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🛡️ Vitalik Buterin Offers Crucial New Security Practice for Ethereum

📉 $ETHUSD -0.28%

⚪️Vitalik Buterin recommends adopting mixed-case checksum addresses in ERC-3770 to enhance Ethereum's security. Checksummed addresses mix capital and lowercase letters, reducing the chance of errors in transactions. This practice, outlined in EIP-55, ensures addresses are correctly entered, lowering the risk of sending funds to the wrong address.

#Ethereum #VitalikButerin #CryptoSecurity

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🐶

Shiba Inu (SHIB) Metrics Squeeze Price

🔸 Market Cap & Activity Drop: Once in the top 10, SHIB’s market cap has dropped from $18B to $10.64B. Active addresses, new users, and zero-balance addresses have also seen declines.

🔸 Traders Prefer Short Positions: With a negative Funding Rate of -0.008%, trader sentiment is bearish, impacting SHIB’s potential for recovery.

🔸 Price Prediction: SHIB may trade sideways near $0.000018. A dip to $0.000016 is possible if many addresses sell to break even.

#ShibaInu #SHIB #CryptoAnalysis #MarketUpdate

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🚀

Simple Ton Coin (SIMPL) - Meme Coin on TON Blockchain

🔴Simple Ton Coin (SIMPL) blends meme coin enthusiasm with TON blockchain's robust infrastructure, making it a pioneer in this emerging niche. Launched with renounced contract ownership and a fixed supply of 100 million tokens, SIMPL prioritizes community engagement and transparency.

🔵Named after "Simple-Ton" from SpongeBob SquarePants, SIMPL has a vibrant social media presence on X and Telegram, engaging users through memes and discussions. Built on Telegram's TON blockchain, SIMPL boasts fast transactions and seamless integration with Telegram messenger, ensuring scalability and user-friendly experience.

🔘Listed on CoinMarketCap and traded on DeDust.io, SIMPL's roadmap includes tech development, DEX listings, community growth, and influencer outreach. SIMPL aims to lead as a transparent, community-driven meme coin on TON.

#SIMPL #MemeCoin #TONBlockchain #CryptoCommunity

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Introducing CupcakeHop

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: AI-Powered DeFi Portfolio Management Tool on PancakeSwap

🚀 Decentralized exchange PancakeSwap is gearing up to unveil CupcakeHop, an innovative AI-driven portfolio management tool.

🤖 Developed by Bril Finance and backed by PancakeSwap, CupcakeHop aims to democratize DeFi investments with tailored strategies and real-time risk management.

🎯 CEO Connor O’Shea outlines its AI capabilities, automating strategies for optimal returns while offering user-controlled risk via a unique "risk slider."

📊 Transparency is key: CupcakeHop ensures accurate investment reporting, providing users with clear insights into their portfolios.

💼 Bril Finance boasts impressive trading volumes, underscoring market confidence ahead of CupcakeHop’s August launch.

#DeFi #CryptoNews #AI

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🚨 Urgent Appeal from U.S. Lawmakers

🔵Two U.S. lawmakers are calling on the U.S. embassy in Nigeria to seek humanitarian release for Binance executive Tigran Gambaryan. He's been held since February on money laundering charges. Tax evasion charges were dropped last week.

🔴French Hill and Chrissy Houlahan visited Gambaryan in Abuja's Kuje prison, witnessing his poor health and challenging conditions. They urge his release due to innocence and health concerns.

#FreeTigran #HumanRights #Binance

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