$415.28 Millions Were Liquidated and 15 to 35 utmost Crypto Discount In Price
On June 7, theU.S. Labor Department reported the addition of 272,000 jobs in May, far past estimates of just 185,000 and significantly advanced than April's 165,000.
In May, the severance rate grew to4.0 for the first time since January 2022, versus estimates for3.9 and April's3.9.
This rearmost employment data reading has potentially pushed back the odds of the Federal Reserve lowering interest rates — a crucial prerequisite for a liquidity affluence into threat means and crypto.
After that in several hours latterly utmost of Crypto was suddenly correction from 15- 35 in hours.
The Federal Open Market Committee( FOMC) is due to meet on June 12 to bandy rates, with requests now seeing little prospect of a cut performing from the coming two similar meetings.
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The upcoming crypto boom presents a great opportunity to earn significant profits. Here's how to turn $1 into $100 and then $10,000:
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1. **Find Promising Coins:** Look for new coins with potential by researching their purpose and development team. 2. **Invest Gradually:** Utilize platforms like Binance to invest small amounts in various coins to diversify your risk.
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1. **Time Your Trades:** Buy low and sell high by monitoring the market closely. 2. **Stake Your Coins:** Earn additional rewards over time by staking your coins.
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1. **Manage Your Profits:** Allocate your earnings into larger, more established coins like Bitcoin or Ethereum during price dips. 2. **Early Participation:** Participate in initial coin offerings (ICOs) early to potentially earn significant rewards. 3. **Continuous Learning:** Stay updated on market trends and new developments by engaging with crypto communities.
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Claim Rewards 🎁🚀 I remain highly optimistic for the mid and long term, confident that the price will surpass its all-time high 📈
However, a closer look at the weekly chart shows the price nearing another crucial support level❗️
While the higher time frame trend remains bullish, the short term is bearish and currently stuck beneath the downtrend.
If the $0.0002600 support level fails to hold, considering the ongoing correction and market fear, it might be prudent to wait for a retest of the 50% Fibonacci retracement zone around $0.000230 - $0.000240!
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👉 Tokenomics of IO Coin: - **Total supply**: 100 million IOC - **Distribution**: - 40% sold in ICO - 20% reserved for future development - 15% allocated to the team - 10% for partnerships and collaborations - 5% for airdrops and bounties
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🚀💼 $100 MILLION FUNDING ROUND for KRAKEN 2025 IPO 💼🚀
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Kraken, a leading cryptocurrency exchange, is preparing for a potential IPO in 2025. Bloomberg News reports that Kraken aims to raise $100 million through a final funding round by the end of this year to support its IPO plans.
🔍 Seeking Strategic Partnerships: Kraken is on the lookout for a high-profile company to join its board and assist with organizing the IPO. While talks with potential partners are ongoing, they have so far involved only verbal discussions of terms and valuations, with no formal agreements yet. Although Kraken has not officially confirmed the IPO, it has stressed its commitment to accelerating global crypto adoption.
📈 Previous Speculations: Speculation about a Kraken IPO has been circulating since February 2021, with early reports suggesting a $10 billion valuation. In March 2021, Kraken's co-founder and then-CEO Jesse Powell hinted at a potential IPO, calling the $10 billion valuation "low." An IPO was expected in 2022 but did not happen.
💹 Funding and Market Position: According to Crunchbase data, Kraken has raised over $30 million across more than 20 funding rounds. The exchange's strategy includes seeking both private and public funding to strengthen its market position and support its initiatives.
⚖ Legal Challenges: Kraken's IPO ambitions could face obstacles due to ongoing legal issues with the U.S. Securities and Exchange Commission (SEC). In November 2023, the SEC sued Kraken, alleging it was operating as an unregistered securities exchange. #Binance200M #BnbAth
New York Takes Action Against Crypto Pyramid Schemes Preying on Immigrants
New York Attorney General Letitia James has filed lawsuits against Novatechfx, AWS Mining, and their founders, accusing them of running crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency.
These companies allegedly exploited vulnerable immigrant communities, particularly Haitians, with misleading promises of high returns. #BTC #Binance200M #BnbAth #TopCoinsJune2024