Good day 🗞!

Today the market is down, and most altcoins are in the red. BTC is currently trading around $60,700. ETH is around $3,385.

⭕️ Fear/Greed Index: 30 - Fear

🔻 Latest news roundup:

🔹 A new development has emerged in the Binance case with the SEC.

🔹 The SEC has sued Consensys over MetaMask's exchange and staking features.

🔹Here’s why XRP and Cardano might not see an ETF anytime soon.

🔹Solana introduces 'Blinks' and brings its blockchain into the Web2 space.

🔹The Central Bank of Bolivia has lifted the ban on the use of BTC and other cryptocurrencies in the financial system.

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👛 TONCOIN today, 29.06 — 💲7️⃣,5️⃣4️⃣
📉 1.49% (1d)

#TON

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💎No need to spray yourself and look for easy money, pay attention only to real projects

#TON #ETH #BTC

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😙 Take care of yourself and your money...

🔺In the second quarter of 2024, cryptocurrency assets worth $573 million were lost due to hacking attacks and fraud.

🔺The major losses are related to two major breaches of the DMM Bitcoin and BtcTurk platforms.

🤥 And when you consider how much ordinary folks lose to simple scams, the amount is hard to imagine...

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🟠Bitcoin For $40,000? David Portnoy Shares New BTC Strategy

David Portnoy, entrepreneur and influencer, has shared his plans to buy more Bitcoin at a lower price.

📉 In a video posted on his X account, Portnoy revealed he would invest $5-10 million in BTC if the price drops below $50,000.

💸Currently, long-term holders are selling off their Bitcoin, anticipating a stronger bull market.

💥Despite recent challenges, Bitcoin’s price struggles to climb back above $70,000, dropping from $71,000 to around $60,000.

#Bitcoin #CryptoInvestment #DavidPortnoy

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Crypto Price Analysis June-29: ETH, XRP, ADA, DOGE, and DOT 📊

⚪️Ethereum (ETH)
Ethereum fell 3% this week, struggling to defend the $3,500 support. With five consecutive weekly candles closing lower, ETH is in a downtrend. To reverse, ETH must surpass $3,700 and challenge the $4,000 resistance. Buyers need to hold the line to prevent a drop to $3,000. 📉

✖️Ripple (XRP)
XRP dropped 2.7% this week, mirroring ETH. The price is holding above $0.46, moving sideways. Bulls aim to challenge the $0.54 resistance. Consolidation under $0.50 suggests a potential breakout soon.

❄️Cardano (ADA)
ADA rose 4.8% this week, holding the $0.37 support. If the bullish momentum continues, ADA could challenge the $0.46 resistance. Sellers are currently absent, signaling a potential end to the correction.

🐶Dogecoin (DOGE)
DOGE broke the $0.135 support last week but stabilized this week. With low volatility, DOGE's current support is at $0.10. Buyers have an opportunity to push DOGE into an uptrend.

💢Polkadot (DOT)
DOT surged 10% this week, bouncing from the $5.3 support, making it the top performer. The key resistance at $6.7 is the next hurdle for bulls. A break above this resistance could confirm a sustained reversal.

#Crypto #MarketAnalysis #CryptoTrends

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🐶Shiba Inu Burn Rate Shoots up 1,072%, Is SHIB Ready for Next Leg Up?

Shiba Inu (SHIB) has seen an incredible 1,072% increase in its burn rate in just 24 hours, with 19,761,244 SHIB removed from circulation.

🔻This significant burn could signal a bullish recovery for the meme coin, which has lost over 32% of its value this month. Despite trading in a narrow range, the surge in burn rate might herald a price rebound.

🔻Currently priced at $0.00001708, SHIB is down 1.78% in 24 hours but could see positive momentum in July, historically a good month for the token.

🔹Shibarium's Role: Enhanced SHIB demand through Shibarium, with a notable increase in contracts, could further boost SHIB’s price.

#ShibaInu #CryptoNews #SHIBBurnRate

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🗞Good morning!

Today the market is down, and most altcoins are in the red. BTC is currently trading around $60,785. ETH is around $3,370.

🟡 Fear/Greed Index: 47 - Neutral

🔘 Morning news roundup:

🔺 Meme coins are experiencing a significant decline.

🔺 Unveiling Value: Fair Pricing and the Role of Market Makers.

🔺 The court has dismissed the SEC's case on secondary sales of BNB.

🔺 The court's ruling on Chevron is being seen as a "game-changer" in the crypto industry.

🔺 The SEC's case against Binance is moving forward with the core allegations remaining intact.

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👛 TONCOIN today, 30.06 —
💲7️⃣,7️⃣0️⃣
📈 2.28% (1d)

#TON

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🔵 Ethereum just had its lowest hour of average gas prices since November 2016. Gas went as low as 1.1 gwei for a few blocks.

Do you have Ethereum in your Portfolio?
— YES 👍
— NO 🤯

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😦 Vitalik Buterin, one of the co-founders of Ethereum, expressed dissatisfaction with how cryptocurrencies are regulated in the US, being classified as securities.

In his opinion, the current approach encourages the creation of useless tokens and creates obstacles for honest projects.

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↔️ Over the past week, the average daily number of transactions on the ZKsync network was approximately 165, and the number of active addresses was around 125.

#ZKsync

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☺️ Ripple's CEO predicts Biden's defeat in the elections due to the SEC

💬 Ripple CEO Brad Garlinghouse believes that the policies of SEC Chairman Gary Gensler could ultimately lead to Joe Biden's defeat in the US presidential elections.

💬 He expressed his outrage at Gensler's statements at the Bloomberg Invest summit in New York. At that time, the Commission's Chairman stated that key participants in the crypto industry were "either in prison, going to prison, or are waiting for extradition."

💬 Brad Garlinghouse described such statements as "nonsense."

"These slanders from a person who completely missed FTX (and actually got close to SBF) and wasn't even invited to the announcement of the Justice Department's agreement on Binance. If Gensler really worked for the American people, as he claims, he would have been removed long ago. Thanks to the head of the SEC, Biden will lose these elections,"

— said Ripple's CEO.

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🤯 The largest altcoin unlocks in June 2024.

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💎Toncoin (TON) Hits Major 32 Million User Milestone ✈️

⭐️TON has reached a significant milestone, with over 32 million active users on its network!

👥This growth is heavily supported by its integration with the popular messaging app Telegram, giving TON a unique edge in the crowded crypto market.

🔺Currently trading at $7.73, Toncoin’s price is backed by strong moving averages and solid support levels at $7.36 and $7.

🔺The relative strength index (RSI) sits at 58, indicating room for growth before becoming overbought.

🔺The steady trading volume and growing user base signal long-term potential for TON, setting the stage for increased demand and stability. 🌟

🔺Toncoin stands out not only because of its impressive growth but also due to its strong foundation and innovative integration with Telegram. This unique partnership enhances its usability and adoption, making TON a standout choice for investors and users alike.

#Toncoin #TON #Blockchain

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ECOWAS Urged to Adopt Crypto Rules Like Europe’s MiCA 🌍

🔸Nigeria's crypto community is advocating for ECOWAS to adopt a regulatory framework similar to Europe’s MiCA.

🇳🇬 They believe this move would prioritize the region's interests in crypto projects, safeguarding local currencies.

🔺Nigerian data and policy analyst Obinna Uzoije highlighted the benefits of such a framework. He emphasized that stablecoins are the most prominent crypto asset in Africa, with high transaction volumes.

🔺MiCA's Stablecoin Regime, effective June 30, 2024, requires issuers to obtain a MiCA license to trade asset-referenced tokens or e-money tokens within the EU.

🔸 Such a move could help ease the stringent or outright bans on cryptocurrencies in some ECOWAS countries, like Sierra Leone.

#CryptoRegulation #ECOWAS #MiCA

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⛔$79.1 Billion Lost in Two Years to Deepfake Scams 💸

Bitget Research reveals a shocking surge in scams using deepfake technology, with a 245% increase in 2024 alone.

⛔Deepfake technology, which creates hyper-realistic fake content, has led to $79.1 billion in losses since 2022. The damage is escalating, with predictions of reaching $10 billion per quarter by 2025.

🔴Bitget CEO Gracy Chen emphasizes the need for user vigilance and education as the primary defense against these scams until a global legal and cybersecurity framework is established.

Methods of Deepfake Scams 🫥

🔻Social Engineering: Impersonating famous individuals to steal cryptocurrency.

🔻Bots: Creating fake accounts to spread misinformation.
Market Manipulation: Using fake news to influence market prices.

🔻Investment Fraud: Producing fake presentations to attract investments.

💻Stay Vigilant! 🔍
Cryptocurrency users should be extremely cautious about online content, especially on social media. Verify information from reliable sources and use two-factor authentication (2FA) for all crypto-related accounts.

#CryptoScams #Deepfake #CryptoSecurity

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