📣Hey there, Bitcoin enthusiasts! 🚀 Here's some news that might pique your interest. Grayscale's GBTC, once the world's largest exchange-traded fund tracking Bitcoin's performance, has been dethroned! 😲

In a surprising turn of events, Fidelity's FBTC has taken the lead in outflows, marking the first time ever another ETF has outpaced GBTC in this regard. Data from FarSide reveals a week of significant outflows from the 11 Bitcoin ETFs, with a whopping total of over $550 million withdrawn. 😱

Interestingly, GBTC, which has seen more than $18 billion in outflows since its conversion, was not the top dog for two days - Thursday and Friday. Instead, Fidelity's FBTC saw a massive outflow of $106.4 million and $80.1 million on those days, respectively. 📉

As you might expect, this massive outflow has impacted Bitcoin's price movements. After a mid-week recovery where it challenged the $70,000 mark, Bitcoin was pushed down to $66,000 on Friday evening, its lowest price position in a month. 😔

Before this, the ETFs had a month-long streak of consecutive inflows, pushing Bitcoin's price from around $60,000 to about $72,000. So, let's keep our eyes peeled and see how this new trend affects our beloved Bitcoin! 👀📊

🎉🚀 Bitcoin may have hit a speed bump on its journey to the moon, but brokerage firm Bernstein is still all in! Despite BTC struggling to rise above its recent all-time high of $73,000, Bernstein is upping the ante, predicting a whopping $200,000 by 2025! 🚀🎉

Bernstein's optimism is fueled by the expected growth of approved and regulated spot Bitcoin ETFs. They foresee heavyweights like BlackRock, Franklin Templeton, and Fidelity continuing to see massive inflows over the next few years. 📈💰

By 2025, Bernstein estimates these investment vehicles could hold around $190 billion in assets, a significant leap from the current $60 billion. They believe the launch of these funds will be a key event, driving traditional institutional capital into the crypto markets. 🌐💼

Bernstein also suggests that Bitcoin has entered a new bull market cycle, driven by the recent halving event. They expect new catalysts to emerge, driving demand for the asset. 🐂📊

But wait, there's more! After hitting $200,000 by 2025, Bernstein predicts BTC could reach a staggering $1 million by 2033! 😲💸

Institutional funds have been pouring into Bitcoin this year, with MicroStrategy leading the charge. The firm now holds a whopping 1.1% of Bitcoin’s total global supply. If it continues to accumulate BTC, Bernstein predicts that by 2025, the company’s holdings could represent 1.5% of Bitcoin’s total circulating supply. 🏦🔝

So, buckle up, Bitcoin enthusiasts! The ride may be bumpy, but the destination looks promising! 🚀🌕

🔥Hot off the press! BTC's wild ride continues! 🎢 After a positive start to the week, reaching just above $70,000 on Monday, the crypto king took a tumble on Tuesday, dipping to $66,000. 😲 The reason? Market jitters over the US CPI numbers and the subsequent FOMC meeting.

But wait, there's more! 🚀 BTC shot back up to $70,000 after the CPI exceeded expectations. However, this joy was short-lived. By Friday, BTC found itself at a monthly low of $65,000. 😱 Despite bouncing back a bit, it's still down 1.5% on the day.

This rollercoaster ride has led to over $200 million worth of liquidations from almost 75,000 traders in the past 24 hours.😰 BTC's market cap has slipped to $1.3 trillion, but it still reigns supreme over altcoins with a dominance of just over 51%.

Meanwhile, altcoins are seeing red. Solana, DOGE, SHIB, AVAX, DOT, and ADA have all experienced declines. However, TON and UNI are bucking the trend with a 3% and 3.5% increase respectively.

Despite the turbulence, we remain optimistic about BTC. After all, what goes down, must come up, right? 😉 Stay tuned for more updates! 🚀

🚀🎉 Buckle up, BTC enthusiasts! Meme coins, particularly Dogecoin (DOGE) and Shiba Inu (SHIB), are expected to maintain their dominance in 2024, thanks to their widespread recognition and robust ecosystems. 🐕💫

DOGE and SHIB have been the crypto rockstars in this bull cycle, with impressive price increases and support from leading exchanges and industry figures. 🌟📈 Dogecoin, Tesla CEO Elon Musk's favorite, often benefits from his endorsements. Shiba Inu, on the other hand, has made significant strides with the launch of Shibarium and ShibaSwap. 🚀🌕

But don't overlook contenders like Pepe (PEPE), Floki Inu (FLOKI), Dogelon Mars (ELON), and Baby Doge Coin (BABYDOGE). PEPE, with its frog theme, had a strong market presence in 2023 and continues to do so this year. FLOKI also hit a peak price recently, while ELON and BABYDOGE could make headlines with increased adoption and celebrity endorsements. 🐸🐕🚀

However, remember that while meme coins could potentially make you a millionaire overnight, they also carry significant risks due to their volatility. Always do your due diligence and invest only what you're ready to lose. Stay safe and keep watching the crypto space! 🚀🌕👀

🚀🚀Buckle up, Bitcoin enthusiasts! Ethereum, the world's largest altcoin, is seeing a surge in demand despite struggling to stay above the $4,000 mark. 📈📈

CryptoQuant's research head, Julio Moreno, revealed a significant buying spree by "permanent holders" of Ethereum. On June 13th, they scooped up a whopping 298,000 ETH, worth over $1 billion! This is the second-highest daily purchase volume ever by this group. 🤑🤑

Despite Ethereum's price being down by almost 8% over the past week, the surge in demand shows growing interest and confidence among long-term investors. The number of Ethereum addresses holding 10,000 or more ETH has been on the rise over the past three weeks, indicating that the big guns are accumulating. 💪💪

Coinbase recently saw its largest Ethereum outflow of the year on June 12th, with over 336,000 ETH, worth $1.17 billion, being withdrawn. These transactions suggest that whales or unidentified institutions are anticipating a price rise. 🐋🐋

In other news, the final approval of spot Ethereum ETF is expected by the end of this summer, according to SEC Chair Gary Gensler. Once approved, the new spot Ethereum ETFs can be listed. So, keep your eyes peeled, folks! 👀👀

Remember, while Ethereum is making waves, Bitcoin is still the OG of cryptocurrencies! 🚀🚀🚀

🚀Buckle up, Bitcoin enthusiasts! Dogecoin (DOGE), the largest meme coin, has experienced a 12% drop to $0.14 in a week. However, don't lose hope just yet! 🐕

Analysts are predicting a potential price surge based on technical patterns. Market analysis reveals DOGE has strong support at $0.115 and resistance at $0.16, with an RSI of 48 indicating it is neither overbought nor oversold.

CryptoJack, a notable figure in the crypto community, expects a substantial uptick once DOGE breaks out from a certain descending pattern. He's forecasting a 55% increase to as high as $0.22! 🚀

Trader Tardigrade is also speculating a bullish future for DOGE, suggesting it could follow a specific bullish parallel channel that could lead to a price surge of over $12.

Market intelligence platform IntoTheBlock suggests DOGE is positioned "above a significant on-chain support level," indicating a strong demand zone. However, DOGE may face resistance around the $0.16 level.

Altcoin Sherpa and KALEO have also forecasted a bright future for DOGE. KALEO even suggests that DOGE may outperform Bitcoin (BTC) due to the industry being in a "meme super cycle."

The RSI, an essential on-chain indicator, currently stands at 48, signaling a resurgence for the asset. So, keep your eyes on the prize, Bitcoin lovers. The future of DOGE looks promising! 🚀🌕

🚀BTC enthusiasts, get ready for some action! Today, we're seeing the expiry of around 20,000 Bitcoin options with a notional value of $1.35 billion. But don't fret, the market impact is expected to be minimal as this event is much smaller than previous weeks. 📉

However, keep your eyes peeled for June 28, when a whopping $6.7 billion in notional value derivatives are set to expire. Now that's a date to mark on your calendar! 📆

Today's BTC contracts have a put/call ratio of 0.49, meaning twice as many long (call) contracts are expiring as shorts (puts). The max pain point is at $68,500, a tad higher than current spot prices. This is where most losses could occur. 😬

But don't lose hope, bulls are still ruling the roost in BTC derivatives with almost $1 billion in open interest at the $100,000 strike price. The $75,000 and $80,000 strike prices are also seeing a lot of action with $723 million and $807 million respectively. 🐂

Despite the big macroeconomic data week in the U.S, the crypto market has underperformed, with mainstream coins and altcoins taking a hit. But remember, the crypto market is a rollercoaster ride, so buckle up! 🎢

In addition to Bitcoin, 200,000 Ethereum options expired today with a put/call of 0.36, a max pain point of $3,600, and a notional value of $710 million.

The total market capitalization has remained steady at $2.57 trillion over the past 24 hours. However, markets have been on a retreat with a 7.5% decline over the past ten days.

Bitcoin is currently hovering around $67,000 following a fall from around $69,500 earlier this week. Analysts are pointing at Bitcoin miner profit taking as a contributing factor to the declines.

So, will today's Bitcoin options expiry send markets lower? Only time will tell. Stay tuned! 🕰️

🚀🚀Buckle up, BTC enthusiasts! Ripple is in a legal tussle with the US Securities and Exchange Commission (SEC) over a proposed $2 billion penalty. The company thinks that's a bit steep, suggesting a $10 million fine instead. 🤔💰

The lawsuit, which has been dragging on for over three years, accuses Ripple and its executives of conducting an unregistered securities offering by selling its XRP token. The SEC's hefty fine proposal was met with resistance from Ripple's chief legal officer, Stuart Alderoty, who argued that the fine should not exceed $10 million. 🏛️👨‍⚖️

Ripple's lawyers are standing their ground, comparing the case with the one between the SEC and Terraform Labs. They argue that the SEC has previously agreed that civil penalties should range from 0.6% to 1.8% of the defendant’s gross revenue, and that Ripple's fine should follow suit. 🧐📚

Despite the ongoing trial, Ripple's CEO Brad Garlinghouse is optimistic, anticipating a resolution by summer 2024. Meanwhile, American lawyer Jeremy Hogan envisions a $100 million settlement. 🌞⏳

The lawsuit's outcome could have a significant impact on XRP's price, which has reacted positively after each of Ripple's partial court wins. So, keep your eyes peeled, folks! This legal rollercoaster ride is far from over! 🎢👀

📢 Hey there, Bitcoin enthusiasts! 🚀

The cryptocurrency market has been on a rollercoaster ride, with major cryptos trading around crucial levels. Bitcoin, our star player, is struggling to break past the $67K mark, trading at a 1% loss over the past 24 hours. 📉

Despite attempts to breach $68K, sellers have been keeping the price in check. The market's choppy waters have resulted in the liquidation of around $110 million worth of leveraged positions, with Bitcoin accounting for nearly $30 million. 😲

Meanwhile, the altcoin market isn't faring much better. Top 100 cryptos are struggling to chart gains, with Solana down 2.6%, XRP down 1.5%, and Polkadot testing the crucial $6.5 level. Ethereum and Binance Coin are trading mostly flat. 🔄

As for the meme coins, they've had a mixed bag of results. DOGE, SHIB, PEPE, WIF, and FLOKI are all in the red, while Book of Meme (BOME) exploded by 10% following Coinbase's announcement of support. 🎉

Stay tuned, Bitcoiners! The market may be in a bit of a slump, but remember, every dip is a potential opportunity. Let's keep our eyes on the prize! 🏆💰💪

🎉Hello, BTC enthusiasts!🎉 We've got some news from the stablecoin world. Paxos, a leading stablecoin issuer, has reportedly downsized its workforce by 20%, letting go of 65 employees, according to Bloomberg. But wait, there's a twist! 🌀

CEO Charles Cascarilla says this move is strategic, allowing Paxos to seize future opportunities in tokenization and stablecoin sectors. Some services will be phased out to focus on these areas. 🎯

The affected employees aren't left high and dry though. They're being offered three months of subsidized health insurance, 13 weeks of severance pay, and a two-year extension to exercise vested options. 💼💰

Despite the layoffs, Paxos is in a strong financial position, boasting more than $500 million on its balance sheet. This begs the question - why the layoffs? 🤔

In other news, Paxos' UAE arm has launched a new yield-bearing stablecoin, the Lift Dollar (USDL). This coin is designed to pay daily yield generated from its reserves to eligible wallet addresses. 🚀

So, while it's a tough day for some, Paxos seems to be positioning itself for a bright future in the world of stablecoins and tokenization. Stay tuned for more updates! 🌞🌈

📢📢 Heads up, BTC enthusiasts! UwU Lend protocol, still recovering from a $19.3 million hack on June 10, has been hit again! This time, a whopping $3.7 million has been swiped. 😱

Cyvers, an on-chain data analytics platform, was the first to raise the alarm. The culprits? Seemingly the same bad actors from the June 10 incident. 🕵️‍♂️

The stolen funds, sourced from various asset pools, have already been converted into Ethereum and transferred to the attacker’s address. 🚨

But don't panic just yet! 🚫🔥 Following the initial breach, the UwU Lend team took immediate measures to limit the damage. The protocol was temporarily paused while investigations were conducted into the vulnerabilities exploited by the hackers.

In an update on June 12, the UwU team disclosed that they had identified the specific vulnerability related to the sUSDe market oracle and claimed to have resolved it. 🛠️

They've also assured users that no funds have been permanently lost during the incident. Phew! 😅

UwU has been working hard to reimburse its users, with a total of $9,715,288 returned to affected users so far. 👏👏

UwU Lend, a fork of the open-source AAVE v2 protocol, offers its users various decentralized finance services such as lending, borrowing, and staking. One of its unique features includes a revenue-sharing token called UwU. 💰

Stay tuned for more updates, folks! 🚀🌕

🚀Hey, BTC enthusiasts! In a surprising twist, President Joe Biden's reelection campaign is reportedly considering accepting crypto donations via Coinbase. 🤔This comes in response to rival candidate Donald Trump's endorsement of the industry and acceptance of crypto donations.

🔍Sources say Biden's team is keen to show they're not the enemy of the crypto world. But, wait a minute! 🤨Isn't it the same Biden administration that sued Coinbase for offering unregistered securities?

🎭The irony has the crypto community in stitches. Dan Gambardello, founder of Crypto Capital Venture, commented, "So, they're scrambling to set up crypto donations through Coinbase?" Meanwhile, Ethereum educator Anthony Sassano called it a "Clown world".

🎪Nic Carter, partner at Castle Island Ventures, listed all the actions the Biden administration has taken against crypto, then asked, "And they have the absolute temerity to think we're gonna donate crypto to the campaign?"

🥊On the other side, Donald Trump is strengthening his ties to the industry, using it as leverage over his anti-crypto rival. He declared, "We want all the remaining Bitcoin to be made in the USA."

🎭Indeed, it's a 'Clown World' out there! Stay tuned for more updates on this crypto rollercoaster ride! 🎢

🚀 Buckle up, Bitcoin enthusiasts! MicroStrategy, a business intelligence firm and long-time Bitcoin holder, is set to offer $500 million worth of convertible senior notes due 2032. 🎉

The exciting part? The proceeds from this initiative will be used to purchase even more Bitcoin! 🎯 The NASDAQ-listed company also plans to grant initial buyers of the notes an option to purchase up to an additional $75 million within 13 days of issuance.

These notes will be unsecured senior obligations of the company, accruing interest payable semi-annually, starting from December 15th, 2024. They will mature on June 15th, 2032, unless they are repurchased, redeemed, or converted earlier.

From June 20, 2029, MicroStrategy can redeem all or part of the notes for cash, provided that at least $75 million in principal amount of notes remains outstanding. Holders can require MicroStrategy to repurchase any portion of their notes for cash on June 15, 2029.

The notes can be converted to cash, MicroStrategy class A common stock, or a combination of both at the company’s discretion. Until December 15, 2031, the notes will be convertible only upon the occurrence of certain events and during certain periods.

MicroStrategy is making waves in the Bitcoin world, and it's clear they're not slowing down! 🚀🌕

🚀📈 Bitcoin enthusiasts, buckle up! The U.S. Federal Reserve's decision to keep the benchmark federal rate steady at 5.25% to 5.50% could spark some short-term price fluctuations for our beloved BTC, according to Bitfinex analysts. But don't fret, the overall trajectory may stay positive, especially if the broader economic conditions continue to strengthen. 💪💰

Historically, Bitcoin has reached local peaks around the release of the Consumer Price Index (CPI) data, indicating potential volatility. But the world's largest digital asset might stabilize near current levels or even see modest increases, buoyed by investor optimism about future rate cuts expected later this year. 📊🎢

The Fed's rate decision could also bring stability to ETF flows, with spot Bitcoin ETFs potentially experiencing steady inflows. The introduction of spot Ether ETFs could attract significant interest, paving the way for diversified investments across both Bitcoin and Ethereum ETFs. 📈🌐

Bitcoin recently soared above $69,000 following the release of the CPI data, and despite a subsequent correction bringing it near $67,000, the retail crowd on Binance continues to hold net long positions on Bitcoin, anticipating a rebound. So, keep those HODL vibes strong, BTC fans! 🚀🌕

🚀 Buckle up, Bitcoin enthusiasts! While Ethereum (ETH) has seen a dip to around $3,500 recently, don't let that fool you. Analysts are predicting potential new all-time highs due to some very positive technical indicators. 📈

Metrics like a negative exchange netflow and a low RSI are hinting at reduced selling pressure and a possible price recovery. 🎉

Crypto gurus Wolf and Jelle are among those forecasting sunny days ahead for ETH. Wolf has presented a price chart showing ETH's bullish path since the beginning of 2024, predicting enhanced volatility and a bull run that could see ETH soaring over $5,000. 🚀

Jelle, on the other hand, believes ETH's valuation could reach fresh peaks once it surpasses the $3,700 zone, having "successfully retested the 50-day EMA." 🌞

Major indicators like Ethereum's exchange netflow and Relative Strength Index (RSI) also suggest an ETH price revival might be on the horizon. 🌅

So, while the crypto market may be a rollercoaster ride, the future looks bright for ETH. Keep your eyes on the prize, BTC lovers! 🏆👀

🎉Hey BTC enthusiasts! 🎉 Spot Bitcoin ETFs started this week on a low note, ending their longest inflow streak on Monday. But don't fret! The tide turned again, possibly due to the encouraging US CPI numbers released yesterday. 📈

Last Friday, CryptoPotato reported that these financial vehicles had their 19th consecutive day of positive flows, a record since their inception in mid-January 2024. But Monday and Tuesday saw outflows of $64.9 million and $200.4 million respectively. 😮

This shift might be due to uncertainties in the US and significant economic developments like the CPI and the recent FOMC meeting. But once the Consumer and Price Index data for May came out, slightly better than expected, the trend flipped again. 🔄

BTC's price shot up by a whopping two grand, touching $70,000! 💰 Investors returned to the spot Bitcoin ETF scene, pouring in $100.8 million. The FOMC meeting went as expected, with the US central bank deciding not to change interest rates this cycle, unlike the ECB.

However, Bitcoin's price reacted with a sudden drop, driving it down by three grand. Currently, BTC stands at just over $67,500. This increased volatility has resulted in more than $200 million in liquidations over the past 24 hours. 📉

Stay tuned for more updates on this rollercoaster ride! 🎢🚀

🚀🚀 Buckle up, BTC enthusiasts! Coinbase, a popular crypto exchange, witnessed a whopping Ethereum outflow of over 336,000 ETH, valued at more than $1 billion on June 12th. This is the fifth time in 2024 that over 150,000 ETH has been withdrawn in a single day! 🤯

Who's behind this massive fund transfer, you ask? 🤔 Well, it's still a mystery. But, according to CryptoQuant, these transactions ranging from $400 million to $1.1 billion are likely not the work of individual investors. We're probably looking at crypto whales or unidentified institutions here. 🐋

Now, here's the exciting part! 🎉 If these aren't just internal shuffles within the exchange, it could hint at a super positive long-term outlook for ETH, the world's largest altcoin. Similar activities were noticed on Coinbase before the trading of spot Bitcoin ETFs began, suggesting that this $1.17 billion withdrawal could be influenced by anticipation of a rise in Ether prices with the introduction of spot Ethereum ETFs. 📈

Speaking of Ethereum ETFs, they've been in the spotlight lately. 🌟 With the SEC's approval, ETH-based investment products saw a substantial rebound last week, attracting $200 million in inflows. A K33 report suggests that spot Ethereum ETFs could potentially bring in about $4 billion in inflows within the first five months of their launch. Wow! 😮

And here's the cherry on top: K33 also hinted that Ethereum might experience a similar boost as Bitcoin did when spot Bitcoin ETFs sparked a more than 60% rally in its price. So, Ethereum ETFs could potentially help the altcoin outperform Bitcoin. Stay tuned for more updates! 🚀🌕

🚀🚀Crypto enthusiasts, buckle up! Terraform Labs has agreed to cough up a whopping $4.47 billion to settle a lawsuit with the Securities and Exchange Commission (SEC). The SEC had accused Terraform and its co-founder, Do Kwon, of fraudulent activities related to the now-defunct Terra blockchain. 💥💥

The SEC believes the hefty penalty reflects the "magnitude of this fraud" and will enable a "meaningful and speedy recovery" for the investors who lost billions. The settlement includes $3.6 billion in disgorgement, $466 million in prejudgment interest, and a $420 million civil penalty. Kwon himself has agreed to pay nearly all penalties, including $204 million that will go directly to the Terraform Labs bankruptcy estate to help the harmed investors. 🙌🙌

The SEC had charged Terraform and Kwon with securities fraud in 2023, relating to the Terra blockchain's unstable design, which led to a mind-boggling $44 billion blowup across its LUNA and UST tokens. 📉📉

If accepted, this will be the largest settlement in a crypto fraud case to date, even surpassing Binance's $4.3 billion settlement with the Justice Department in November. However, some are doubtful that Terraform or Kwon actually have the funds to pay the charges. CryptoQuant CEO Ki Young Ju commented, "$4.47B cash-out is impossible, even with a $40B market cap." 🤔🤔

So, while this is a significant development in the crypto world, it's a stark reminder for all BTC enthusiasts to tread carefully in the volatile crypto market. Stay tuned for more updates! 🚀🚀

📣Hey BTC enthusiasts!🚀 Let's take a break from our beloved Bitcoin and turn our eyes to ENA, the native token of Ethena. It's been a wild ride for ENA, with prices plunging to a low of $0.73, the weakest since May 20th. 😱

The biggest ENA staker, who had a whopping 23.24 million ENA, worth around $17.3 million, unstaked their entire holding and sold 19.36 million ENA at a significant loss. Ouch! 😖

This investor initially withdrew the ENA from Binance between April 5 and April 10, when the token was trading at around $1.29. But after the recent sell-off, they're left with only 3.88 million ENA, worth $2.74 million. That's a loss of more than $13 million! 📉

Despite this, ENA hasn't managed a significant rebound, even though its ecosystem is growing. The TVL locked in the Ethena project has been on an upward trend, reaching a staggering $3.44 billion as of June 12th. 📈

The Ethena ecosystem's USDe stablecoin has also seen impressive growth since its public launch. In the first week alone, its supply reached $400 million before eventually surpassing $2 billion barely two months later. 🚀

However, this meteoric rise has raised concerns, especially considering the collapse of the ill-fated algorithmic stablecoin, Terra’s UST. Stay tuned for more updates! 🌐

🚀📈 Bitcoin enthusiasts, we've got some exciting news! The Turkish lira (TRY) has hit an all-time high in crypto volume market share, rallying past the euro to become the third largest fiat currency by volume! 🎉

According to Kaiko, a crypto research platform, the surge to a whopping 19% market share in early June was driven by high inflation in Turkey, which has surpassed 70%. This makes the TRY one of the worst-performing fiat currencies worldwide. 😲

But here's the kicker: the devaluation of TRY has caused Bitcoin (BTC) to hit new all-time highs against the currency in the past few months. In October 2023, BTC was worth $34,000, but against the lira, it rallied to 979,000 TRY. By February, BTC surged to 1.6 million TRY as the asset rallied above $50,000 on high demand from U.S. investment products. 🚀💰

Fast forward to March, BTC hit another all-time high against the lira, surging above 2.3 million TRY. At the time of writing, BTC had declined slightly to 2.24 million TRY.

Kaiko also revealed that Binance’s recent loss of banking partners, leading to the delisting of GBP and the Australian dollar trading pairs, has boosted the share of TRY in overall fiat trade volumes.

So, keep your eyes on the prize, BTC lovers! The future is looking bright! 🌞🚀