🥇Since March 14, BTC is down 14% (despite purchases by 11 funds)

😎Gold is up 10% over the same period of time.

😏Many people sold their gold ETFs to buy bitcoin.

😏Now those buyers have lost 24%. How soon will they realize they made a mistake?

Peter Schiff, gold supporter

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🇳🇬🔸Nigeria Rejects Claims on Binance Exec's Health

🔻Nigeria's Federal Government denies claims of poor prison conditions for Binance exec Tigran Gambaryan, stating he receives quality medical care and consular services. 🇳🇬

🔻Minister Mohammed Idris emphasized adherence to lawful trial and judicial integrity. The rebuttal follows U.S. Congress members' call for Gambaryan's release, highlighting his health concerns.

Nigeria insists Gambaryan’s detention is court-ordered, with full consular support and necessary healthcare.

#Binance #Nigeria #Justice

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🐶Crucial SHIB Warning for Shiba Inu Community

🕊Lucie, the Shiba Inu dev team's marketing expert, issued a vital alert on X (formerly Twitter) to all crypto enthusiasts, urging them to stay vigilant against scammers targeting both veterans and newbies in the crypto space.

🙏

"Remember, do good and good will come to you. Be careful and not naive—exercise caution and due diligence."

👀 Ledger has also warned of a new scam, "address poisoning," affecting TRX, MATIC, and ETH wallets. Always double-check wallet addresses before making transactions!

#SHIB #CryptoSafety #ScamAlert

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🚀 Tron’s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa

▶️🤫USDT, Tether’s stablecoin, has achieved a monumental milestone! On the Tron blockchain, USDT's daily transaction volume hit an incredible $53 billion, surpassing Visa's average of $42 billion. This highlights the growing trust in stablecoins and their potential to revolutionize finance.

💡 Stablecoins offer stability, pegged to fiat currencies, making them ideal for everyday transactions. As regulations evolve, stablecoins are poised to reshape the global financial landscape.

#USDT #Stablecoins #CryptoRevolution

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🔒 Digital Chamber Raises Privacy Concerns Over IRS Crypto Tax Draft 🔒

💥The Digital Chamber of Commerce has voiced its concerns regarding the IRS’s proposed Form 1099-DA for reporting digital asset transactions. The Chamber suggests simplifying the form to ease its use for brokers and protect taxpayers' privacy by requesting only essential information.

📎 Key Points:

🗣The draft form requests excessive information, including transaction IDs and digital asset addresses.
🗣Such details could infringe on taxpayers’ privacy and should be collected only if criminal activity is suspected.
🗣The Chamber urges the IRS to provide specific broker instructions for public review before finalizing the form.

#CryptoTax #PrivacyMatters #Blockchain

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📊 Spot Ethereum ETF Details Revealed! 🚀

Major firms like BlackRock, VanEck, and Fidelity have updated their filings for spot Ethereum ETFs, disclosing seed investments and fees. 🤑

🟢 21Shares: $340,739
🔵 Invesco Galaxy: $100,000
🔹 Fidelity: $4.7M
🔹 BlackRock: $10M

Fees are impressively low, with Franklin Templeton at 0.19% and VanEck at 0.20%.

Eric Balchunas predicts an early July launch. 📅

#Ethereum #ETFs #CryptoInvesting

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📈 Analyst about the altcoin season

😏The altcoin market is poised for significant growth, but two things must happen before that can happen: either a final pullback or a prolonged consolidation.

😏The majority of altcoins are not worth holding for long, as they rarely outperform Bitcoin and Ethereum.

Historical data shows that previously successful projects may not repeat their successes, and it is better to focus on new, promising market sectors.

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💸 About 5.5 million addresses purchased 3 million BTC ranging from $64,300 to $70,800.

😏This forms a significant supply barrier, with the potential for a sharp correction for bitcoin.

😏If the price of BTC continues to fall, holders may start selling to limit losses.

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💎 According to The Block, Pantera Capital is raising funds for its second investment round in TON.

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💸 The user mistakenly transferred 7912 ezETH (worth about 28 million USD) to the contract address instead of his own.

The transferred coins were blocked and now they cannot be withdrawn.

The project team is unable to update the contract or transfer withdrawal rights.

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🇹🇷 On June 22, there was a hacker attack on one of Turkey's largest crypto exchanges, BtcTurk, which led to the suspension of deposits and withdrawals.

Hackers were able to access hot wallets and steal 10 different cryptocurrencies.

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Take a Look: Why TON Is Surging While the Crypto Market Slumps

Although the general crypto market is still down, there has been a tremendous upsurge in the Open Network (TON) native token.

🗣TON’s transaction volume reaches $10 billion daily, highlighting its growing popularity and impressive growth.

🗣TON token holders increase from 2.9 million to 32 million, showcasing exponential growth.

With a market cap of more than $2.45 billion,Ton is now ranked ninth out of all cryptocurrencies.

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🚨 Chainlink (LINK) Alert: 19 Million Tokens Transferred to Exchanges!

The crypto market is facing bearish pressure, and LINK is feeling the heat, losing nearly 10% in the last week. 🪙

🔻Popular analyst Ali Martinez highlighted that over 18.77M LINK tokens (~$256.2M) were moved to exchanges recently, indicating potential sell-offs. Notably, 18.25M tokens were sent to Binance, suggesting possible increased selling pressure. 📊💱

📉 Price Impact: If the selling continues, LINK might drop to $12, a level unseen for over a month.

#Chainlink #LINK #CryptoNews

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🐋 Whales are buying ether like crazy

😏$6 billion ETH short positions will be liquidated at $4K.

😏ETH ETF will be approved within 10 days.

😏 Over the last week, 1 million ETH has been withdrawn from exchanges.

All this signals a pumping of etherium before growth.

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🟠Miners’ $2B Sell-off Impacts Bitcoin Price 🚨

Bitcoin's price, which soared above $70K earlier this month, is now facing downward pressure, potentially leading to a second negative monthly close this year. 📉

Miners Divest $2B in Bitcoin

Market analysts point to significant sell-offs by Bitcoin miners. Data shows Bitcoin reserves of top miners have dropped to a yearly low, with 30,000 BTC (~$2B) sold since June.

Outlook

Bitcoin is on track for a 4.56% decline in June, marking its second negative monthly close of 2024. 💪

#Bitcoin #BTC #CryptoNews

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👀 According to IntoTheBlock, Bitcoin miners have sold more than 30,000 BTC (about $2 billion) since June, the fastest in more than a year

It is possible that the recent halving has led to a decline in profits, triggering the sell-off. QCP also said that Miner BTC holdings have dropped to the lowest level in the past 14 years.

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🐶Shiba Inu (SHIB) Skyrockets 2,682% With No Price Momentum

Shiba Inu (SHIB) has seen a remarkable 2,682% surge in its daily burn rate. Despite burning 18,617,208 SHIB in the last 24 hours, SHIB's price only modestly increased by 0.49% to $0.00001813. The overall market sentiment remains lackluster, affecting SHIB's momentum. Major cryptocurrencies' performance, like Bitcoin, can influence SHIB's price. Market speculators watch for potential breakouts or further consolidation.

#ShibaInu #Cryptocurrency #SHIB

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💰 How do US elections affect the price of $BTC

There's a trend of growth immediately after elections and a small rise leading up to them.

Why is this happening? In the run-up to the election, the old administration is pushing the markets up a bit to show power and prosperity under them.

When a new administration takes office, they also tend to push markets to showcase the correctness of their election. Additionally, geopolitical uncertainty right after elections influences investors to seek defensive assets, including $BTC.

The next US elections will take place on November 5, 2024.

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