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Bitcoin (BTC) Reached a Record High of $68,900 on May 25, Setting a New Milestone. Bitcoin (BTC) rose to an impressive $68,900 on May 25, and this passed without significant market volatility. This rise has reignited interest in the cryptocurrency market, and many investors are closely watching Bitcoin's next move. The stability in Bitcoin's price has provided optimism that upward trends may occur in the near future. While #Bitcoin experienced a significant rise, altcoins showed minimal fluctuations. #Dogecoin (DOGE), the leading meme coin in terms of market cap, had a remarkable day. Kabosu, the iconic dog of the Dogecoin mascot, passed away, his owner announced. Following this announcement, Elon Musk made a post and DOGE rose above the $0.17 level, but could not sustain a larger uptrend. Although it failed to break the $0.174 level, maintaining the $0.166 level was encouraging. If DOGE continues to rise, it could reach $0.18, $0.197, and potentially $0.21. When it exceeds the $0.23 level, it is possible that a big rally will start and the rise will peak. #ShibaCoin (SHIB) has been trading sideways for a long time with minimal upside. Unlike Bitcoin's fluctuations, SHIB failed to realize the expected rise. To break the current recession, SHIB must surpass the $0.0000269 resistance. Additionally, the lack of exciting developments from Shibarium or new projects negatively impacts SHIB's appeal. #PEPE Coin attracts attention among meme coins and is constantly rising without providing profit opportunities. The number of investors making profits is increasing and the price recently reached $0.0000158. If the $0.0000125 top is lost, a significant downside risk could arise and the price could drop to $0.0000089. $BTC

China's Crypto Crackdown Shakes: Billions of Illegal Bitcoin (BTC) Transactions Revealed. Recent developments in #ChinaDrama show that cryptocurrencies continue to be used despite the government's current ban. Many raids by Chinese police have revealed the use of cryptocurrencies for illegal transactions worth billions of dollars. A #Bloomberg report revealed that in May, police in China uncovered an underground bank linked to illegal transfers worth 13.8 billion yuan (~$1.9 billion). Authorities detected several illegal currency exchanges involving unauthorized conversions worth nearly 2 billion yuan and transactions worth over 1 billion yuan. In contrast, #Chinese citizens are still thought to be interested in digital assets. Many people are using crypto as an alternative investment tool in an environment of falling real estate prices, while others are using crypto as a channel to bypass foreign transfer limits. Chengyi Ong, head of #APAC policy at Chainalysis Inc., stated in a statement that there is still a significant amount of crypto activity going on in China. According to Ong, this may be caused by not strictly enforcing the ban. Still, the decentralized and peer-to-peer nature of crypto activities may be one of the contributing factors. Recent discoveries by Chinese authorities highlight the difficulties of enforcing a nationwide crypto ban. Despite government efforts, significant crypto activity continues, driven by underground banks and illegal exchanges. The massive influx of crypto into China demonstrates the continued interest and participation of Chinese citizens in digital assets. Going forward, the effectiveness of the ban will likely depend on implementing stricter enforcement and addressing the root causes of crypto use. $BTC

Analyst Shares Chart and Explains When Bitcoin Will See $150,000! After the decline in #Bitcoin that started after March, the process seems to still remain uncertain. It is thought that after the long-standing consolidation in the market, and especially in #BTC , the important resistance level of $ 70,000 can be exceeded. If the upward momentum continues, a new record level may emerge in the market, which analysts predict will probably be above $100,000. In this process, cryptocurrency expert TradingShot shared a post on May 23 and expressed its opinions. He added that it is estimated that #Bitcoin will enter a new rally phase after a post-halving period of consolidation. The development is consistent with the price movements noted in previous Bitcoin cycles and reveals that there may be a potential increase towards $ 150,000. TradingShot highlighted the consolidation phase that occurs in the two-month period before and after the halving event, a pattern that has emerged in past Bitcoin cycles. He stated that this process has always been seen in the market so far. The mentioned consolidation phase is generally known to occur before a significant rally in the #Bitcoin price. In the two-month time frame analysis, the Vortex Indicator (VI) and Commodity Channel Index ( #CCI ) also draw attention to the symmetry that emerges in Bitcoin's cycles. Analysis by TradingShot showed that the VI highs coincide with the first higher low of the CCI after the bottom, indicating a predictable pattern in Bitcoin's price movements. As a result, we can expect the price to peak in the week of March 17, 2025 at the earliest. <…> Perhaps the most important part is after each consolidation after the BBW bottom. Bitcoin's first target was the orange trend line, MMB 3SD. It is currently at $125,000 but could approach $150,000 once the rally reaches that. $BTC

Ethereum Co-Founder Vitalik Buterin Optimistically Proposes the First Block in Taiko Layer 2. Ethereum founder Vitalik Buterin proposed the first block during the preparation phase of Taiko's mainnet. This is a major milestone for Layer 2 scalability. In a message found within the block, Buterin expressed his excitement for Taiko's launch and its wide-ranging implications for the Ethereum ecosystem. “I'm excited that Taiko is launching as a rollup,” Buterin wrote, according to his message on the Taiko mainnet blog. He also emphasized Taiko's innovative approach. He continued, “Ethereum benefits from L2s taking different approaches, and I am pleased that they are one of the first to go in this direction.” Taiko aims to solve Ethereum's scalability issues by making transactions cheaper while preserving the network's core features that are censorship-resistant, permissionless, and secure. The startup is developing a ZK-rollup, a “Type 1” ZK-EVM that is fully compatible with the Ethereum Virtual Machine and supports zero-knowledge proof computing. This technology enables more efficient and secure transaction processing without compromising decentralization or security. Therefore, the launch of Taiko as a ZK-rollup is an important step in the evolution of #Ethereum Layer 2 solutions. Leveraging zero-knowledge proofs, Taiko can deliver scalable and cost-effective transactions, which is critical for widespread adoption of decentralized applications. Additionally, Buterin's support highlights the importance of diverse approaches in the Ethereum Layer 2 space for the long-term success and sustainability of the network. Vitalik Buterin's first block proposal for Taiko's Layer 2 mainnet is a major milestone in Ethereum's scalability journey. Taiko's innovative approach and the upcoming genesis airdrop underscore the project's commitment to preserving Ethereum's core qualities while addressing its scalability issues. The various approaches in the Ethereum Layer 2 space supported by Buterin are critical to the long-term success and sustainability of the network. $BTC $ETH

Elon Musk Plans to Revolutionize Artificial Intelligence with Massive Supercomputer, Possible Impact on Dogecoin (DOGE) and Bitcoin (BTC). Elon Musk, known for his innovative initiatives, is starting a groundbreaking project through his company xAI. Its aim is to develop the world's largest supercomputer, called the "Gigafactory of Compute". This massive facility will house 100,000 dedicated GPUs, at least four times larger than the largest existing clusters. The project requires an investment of billions of dollars and requires large amounts of energy resources. Musk aims to have this large-scale computing facility operational by fall 2025, reflecting his vision of rapidly advancing artificial intelligence capabilities. If realized, xAI could outperform its more established and better-funded rivals thanks to its computing power alone. A potential collaboration with Oracle is on the agenda as a strategic element of this project. As Oracle's largest customer for H100 chips, #xAI can realize significant benefits from deeper integration with Oracle's expertise and resources. This supercomputer is expected to improve xAI's Grok AI assistant by offering fewer restrictions and more advanced functionality. The partnership with #Oracle can enable xAI to achieve its ambitious goals by providing critical support in terms of both technology and resources. The race to develop the most powerful #GPU clusters is heating up among major technology companies. Advanced computing power is vital for creating more complex artificial intelligence systems. Notably, #Tesla , another company under Musk's management, is also working on an AI supercomputer, reflecting a widespread trend towards serious investments in AI infrastructure and large-scale projects. The success of Musk's supercomputer project could set new benchmarks in the tech industry and encourage other companies to increase their investments in artificial intelligence infrastructure. $BTC $DOGE

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