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😊Proud to join the third 'Let Web3 Happen in Dubai' event! 🎆Thanks @moledao_io for providing this opportunity and the support from our investor @CerasVentures 💪Let us connect with dynamic web3 professionals, investors and founders in 📍Dubai. 👊#BUIDL a prosperous #WEB3 #StarryNift #BnbChain

😊Proud to join the third 'Let Web3 Happen in Dubai' event!

🎆Thanks @moledao_io for providing this opportunity and the support from our investor @CerasVentures

💪Let us connect with dynamic web3 professionals, investors and founders in 📍Dubai.

👊#BUIDL a prosperous #WEB3

#StarryNift #BnbChain

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Bitcoin ETF Volumes See Biggest Breakout in 4 Weeks. Bitcoin price has fallen after 19 consecutive days of inflows by #Bitcoin ETFs. The ETF has faced strong selling pressure, with volumes reporting two consecutive days of outflows. On Tuesday, June 11, total outflows recorded by US Bitcoin ETFs rose to $200 million. According to Santiment's data, Bitcoin ETF transaction volume had reached its highest level since May 15. This increase observed among the seven largest #ETFs indicates the potential for a price reversal. Analysts believe the recent volume increase is likely a response to a dip-buying opportunity, indicating renewed investor interest and activity in the market. On June 11, US #Bitcoin spot ETFs experienced a total net outflow of $200 million. This was the second consecutive day of departures. Grayscale's GBTC alone saw a single-day outflow of $121 million. As a result, the total net asset value of Bitcoin spot ETFs dropped below $60 billion and currently stands at $59.227 billion. Bitcoin has recently fallen below $67,000, Santiment said. Historically, when sell calls begin to close the gap on buy calls, this indicates increasing panic and fear, which often leads to a rally in cryptocurrency prices. If actual figures come in lower than expected, it could mean a slowdown in inflation. It could potentially increase expectations for cryptocurrency prices to rise. Conversely, if the numbers exceed expectations, it could indicate ongoing inflation concerns, potentially leading to a decline in cryptocurrency values. Ahead of the #FOMC meeting, Bitcoin price faced strong selling pressure amid miner capitulation. If Bitcoin price falls below $67,000, we could see a further pullback of 5-8% in the coming weeks. $BTC
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Donald Trump's crypto support continues: Bullish signal! US President #DonaldTrump voiced his support at a meeting with Bitcoin miners at Mar-a-Lago on Tuesday night. Trump's positive statements about crypto did not go unnoticed. Trump, who is pro-crypto for the upcoming US elections, recently reportedly told attendees that he would advocate for Bitcoin mining at the White House and that miners contribute to energy grid stability. Among the attendees of the meeting at Trump's Palm Beach resort was Nasdaq-listed Bitcoin mining company CleanSpark Inc. and Riot Platforms, many of whom shared photos with the former president. “I just ran into a guy who is a huge #Bitcoin fan and loves what we do at CleanSpark Inc. in Georgia, Mississippi, and Wyoming,” CleanSpark co-founder S. Matthew Schultz wrote in the X post. Donald Trump's embrace of crypto has earned him the support of many leaders in the industry, as seen at the event in Silicon Valley reportedly attended by Gemini founders Cameron and Tyler Winklevoss and others. Last month, Trump announced that he would accept political donations with cryptocurrency. “While Trump has reduced regulations and championed innovation in financial technology, Democrats like Biden and his official surrogate, Elizabeth Warren, continue to believe that government alone has the answers to how our nation leads the world,” the Republican candidate said in his statement. said. Meanwhile, various sources said late last month that Joe Biden's reelection campaign reached out to members of the crypto industry for guidance on digital asset policies. This support marks a significant shift in the Biden administration's less than positive attitude towards cryptocurrencies. $BTC
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📊On June 11, spot Bitcoin ETFs recorded an outflow of $200 million. •Grayscale's #Bitcoin ETF (GBTC) experienced an outflow of $121 million. •Ark Invest (#ARKB ) ETF experienced an outflow of $56 million.
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🇺🇸 Former US President Donald Trump: “#Bitcoin  mining could be our last line of defense against CBDC. We want all the remaining Bitcoin production to be done in the USA!”
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Bitcoin Bulls Expect Gains as Senator Warren Presses for Fed Rate Cuts #SenatorElizabeth Warren is calling on the Federal Reserve to lower interest rates, a move that could have a significant benefit for the crypto market. In an unexpected development, Senator Elizabeth Warren called on the Federal Reserve to reconsider its current interest rate policy. In a letter to Fed Chair #JeromePowell , Warren noted that the current 5.5% rate not only slows the economy but also contributes to persistent inflation levels running above 3%. This call was also signed by Senator Jacky Rosen. The letter details that higher interest rates increase costs in key sectors such as home and auto insurance, which contribute greatly to the overall inflation rate. Citing a report from Bankcreek Capital Advisors, he argues that lowering interest rates would ease financial pressure on Americans and reduce their basic monthly expenses, especially housing costs. This would be in line with other major economies that have recently lowered interest rates, such as the United States, Canada and the European Union. Additionally, they have lowered their rates in countries such as Sweden, Switzerland, Hungary and the Czech Republic. As the Federal Reserve prepares for its upcoming interest rate decision, the crypto community is watching carefully. Traditionally, the Fed has indicated its intention to maintain high rates for an extended period of time. Following its last meeting, the Fed said it would not consider a rate cut unless there was more consistent evidence that inflation was moving more steadily toward the desired 2% level. However, recent job growth and low unemployment rates provide a rationale for the Fed to maintain current rates. According to CME FedWatch, the market is 99% certain that there will be no change in rates at the June meeting. Interest rate cut speculations are shifting to later periods of the year, probably in September or November. $BTC
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