A newly emerged whale has purchased a staggering 20 trillion Shiba Inu tokens worth $176.80 million, making them the fifth largest holder of SHIB. The purchase was made through four equal transactions, each adding 5 trillion SHIB to the investor's portfolio, and all transactions occurred simultaneously. Whale Alert, a blockchain data tracking platform, confirmed the purchase.

This buying spree comes amidst a flurry of significant developments within the Shiba Inu ecosystem, including the integration of SHIB payments on the UQUID shopping platform and the creation of exclusive cold wallets for SHIB in partnership with Tangem. Additionally, the Shiba Inu metaverse is set to release previews of four hubs by September.

#ETH #Binance #newtokenininnovationzone #googleai

Tom Wann, a research analyst, tweeted this morning that Polygon’s Bridge TVL increased by 52%.

According to Wann, this recent TVL spike is due to MATIC and Lido Staked MATIC (stMATIC).

At press time, both MATIC and stMATIC experienced losses in the past 24 hours.

A crypto research analyst by the name of Tom Wann tweeted this morning that Polygon’s (MATIC) zkEVM has increased its Bridge’s Total Value Locked (TVL) by 52%. In his post, Wann added that this increase is estimated to be worth $3 million.

Wann also attributed this recent TVL spike to MATIC and Lido Staked MATIC (stMATIC), which added just over $2.1 million and $770K respectively. However, this increase in TVL was unable to positively affect both of the altcoin’s prices.

At press time, CoinMarketCap showed that both stMATIC and MATIC experienced price drops in the past 24 hours. MATIC was trading at $0.864 after its price dropped 1.47% during this period. Meanwhile, stMATIC’s 1.42% drop in price brought its price down to $0.929. Both altcoins were also down against the market leaders Bitcoin (BTC) and Ethereum (ETH).

Daily chart for MATIC/USDT (Source: TradingView)

The last week was not kind to MATIC, as its price entered into a downward spiral over the past 7 days. As a result, it lost the support of the $0.9465 support on Monday after it dropped more than 6% during the day’s trading session. In the two days that followed, bulls had attempted to defend the next key support level at $0.8593.

MATIC’s price dropped below this support level yesterday and reached a low of $0.8335. Fortunately, the bulls put up a good fight to close yesterday’s trading session back above the level at $0.8764. At press time, it seemed bears were attempting another stint at breaching this level, with MATIC’s price hanging on a thread above the support.

#BRC20 #btcordinals #memecoins #newtokenininnovationzone #crypto2023

Arthur Hayes, the founder of BitMEX exchange, has predicted a bullish future for Bitcoin despite the current reduced crypto market activity. Hayes believes that the Federal Reserve's rate hike will trigger a Bitcoin bull run as wealthy asset holders who receive interest payments from the Fed will likely purchase risk assets such as Bitcoin. He expects the real Bitcoin bull market to begin in the late third and early fourth quarter of this year. Hayes also notes that the American summer months tend to disappoint in terms of trading volumes and volatility, but he remains confident that Bitcoin will hold firm.

#newtokenininnovationzone #feedfeverchallenge

John Deaton, a lawyer representing over 76,000 XRP token holders in the Ripple Vs SEC lawsuit, was hacked on June 4th. The hackers promoted a cryptocurrency named $LAW token, which has an almost non-existent market cap currently. Deaton took proactive measures to communicate with his Twitter followers, utilizing his daughter's account to notify them of the compromise his own account had undergone. The dissemination of false information and deceptive financial data within the crypto market poses a significant risk, given that traders often rely on guidance from influential figures in the industry. Some members of the XRP community responded positively to Deaton’s plea and went ahead to report the unauthorized access and hacking of his official Twitter handle.

#binancepizza #googleai #binancepizza #newtokenininnovationzone

Crypto trader Kaleo is predicting a bullish trend for XRP, stating that the sixth-largest digital asset will outperform Bitcoin. He believes that XRP is ready for another leg up after successfully retesting its diagonal resistance as support. Kaleo compares XRP's potential rally to Tron's recent surge from $0.74 to $0.85 and suggests that XRP could reach $0.60+. Fellow crypto strategist Cantering Clark is also bullish on XRP and plans to accumulate the altcoin as he believes its price structure indicates an upcoming surge.

#cryptotrading #newtokenininnovationzone #binancepizza #pepe

The Importance of DYOR in Crypto Investing: How to Do Your Own Research

Investing in cryptocurrencies can be a daunting task, especially when the market is volatile and misinformation spreads quickly. That's why it's crucial to do your own research (DYOR) before investing in any crypto project. In this article, we'll explore what DYOR means in the context of crypto, why it's essential, and how to go about doing your own research.

What is DYOR in Crypto?

DYOR stands for "Do Your Own Research" and is a critical step for anyone considering investing in cryptocurrencies. It involves gathering and filtering information to make informed decisions.

Why is DYOR Important?

The crypto market is full of red flags and scams, making it challenging to navigate for newcomers. By conducting your research, you can avoid making uninformed decisions that could result in significant financial losses. Additionally, doing your research can help you identify potential investment opportunities and avoid scams and rug pulls.

How to Do Your Own Research in the Crypto Market:

Conduct Fundamental Analysis: Evaluate the project's fundamentals, including its whitepapers, roadmaps, marketing strategies, teams, tokenomics, network activity, and development. This step helps you determine the project's fair value in the market and compare it to its competitors.

Perform Technical Analysis: Analyze historical price movements using technical analysis (TA) to identify patterns and trends in the market. This step can help you determine the right time to buy or sell crypto.

Conduct Social Media Analysis: Join crypto communities on different social media platforms and observe the activity and trends daily. This step helps you determine trustworthy sources of information and get a broader perspective on the project's sentiment in the community.

Takeaways:

DYOR is essential when investing in cryptocurrencies.

It involves gathering and filtering information to make informed decisions.

Fundamental analysis, technical analysis, and social media analysis are key steps in conducting your research.

Conclusion:

DYOR is critical for anyone considering investing in cryptocurrencies. By conducting your research, you can avoid scams, identify potential investment opportunities, and make informed decisions. Use the steps outlined in this article to get started with your DYOR journey and stay ahead of the game in the crypto market.

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How SmartMoney Profited from MEME Coins: A Case Study

In the world of cryptocurrency, the rise of meme coins has attracted many investors looking to make a quick profit. One such investor is SmartMoney, who has made substantial gains from investing in two meme coins, $PEPE and $LADYS. In this article, we will examine how SmartMoney approached their investments, and how they made a profit from them.

Headings:

SmartMoney's Approach to Investing in Meme Coins

Investment in $PEPE

Investment in $LADYS

Takeaways from SmartMoney's Investment Strategy

Conclusion

SmartMoney's Approach to Investing in Meme Coins:

SmartMoney's investment strategy is very different from other investors in the cryptocurrency space. Instead of blindly investing in multiple meme coins, SmartMoney only invested in two: $PEPE and $LADYS. This strategy allowed them to focus their resources and make informed decisions.

Investment in $PEPE:

SmartMoney purchased 108 billion $PEPE for 3.63 ETH ($7,531) on April 18 at a buying price of $0.00000006965. They then sold these coins for 135 ETH ($255K) on April 30, May 6, and May 6, at an average selling price of $0.000002358. The profit made from this investment was 131 ETH ($247K), with a gain of 36x.

Investment in $LADYS:

SmartMoney purchased 2.15 trillion $LADYS for 4.7 ETH ($8,679) before Elon Musk tweeted about the coin. The buying price was $0.000000004035. They then sold 1.09 trillion $LADYS for 84 ETH ($153K) at a price of $0.0000001404 and currently hold 1.06 trillion $LADYS ($158K). The profit made from this investment was $302K, with a gain of 35x.

Takeaways from SmartMoney's Investment Strategy:

SmartMoney's approach to investing in meme coins is worth learning from. They did not blindly invest in multiple meme coins, but instead focused on two coins that they believed had potential. They were also patient and strategic, holding onto their coins even after their prices rose.

Conclusion:

SmartMoney's approach to investing in meme coins has been very successful, with gains of 36x and 35x on their investments in $PEPE and $LADYS, respectively. Their strategy of focusing on a small number of coins, being patient and strategic, is a valuable lesson for other investors in the cryptocurrency space.

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BTC/USDT Technical Analysis: Bearish Trend Continues

Bitcoin (BTC) is currently trading at $27,500, showing strong rejection from the retest level at $30,000 as per the chart. In our previous analysis, we recommended opening short or closing long, and we hope you followed our advice. Yesterday, we opened a short position for scalping and booked a good profit.

What's Next?

According to the chart, BTC is still bearish in the higher time frame (HTF), so we can expect it to reach $24,000 in the short term. However, it's essential to keep an eye on the $27,000 support level, which has become a strong support level.

Liquidity is also good at the $27,000 level, providing chances for a possible pump from here. However, if the support level breaks down, the next liquidity area is around $20,000.

The strong support after the $27,000 level is at $24,000, while the resistance level is at $30,500. The 50-day moving average indicates a bearish trend as BTC is currently trading below it.

On the other hand, the 200-day moving average is around $22,350, and the support is around $22,500-$24,000 levels.

Conclusion

To sum it up, BTC is currently in a bearish trend, and we expect it to reach $24,000 in the short term. However, keep an eye on the $27,000 support level, which has become a strong support level. Liquidity is good at this level, providing chances for a possible pump. Remember to always do your research before investing in any coins.

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How to Track Justin Sun's Crypto Portfolio and Make Your First $1M

Have you ever wondered how the richest people in the crypto world manage their investments? Justin Sun, the founder of Tron, is known for his multi-million-dollar crypto portfolio. He recently announced that he will be trading meme coins and gem coins through his public wallet, which makes it possible for anyone to track his moves and potentially make a profit. In this article, we will show you how to track Justin Sun's crypto portfolio and make your first $1M.

Tools You Need to Track Justin Sun's Crypto Portfolio:-

To track Justin Sun's crypto portfolio, you will need two tools: DeBank DeFi and Zerion. DeBank DeFi is a free, decentralized app that provides a clear idea of how much and what coins and tokens Justin Sun owns. Zerion, on the other hand, helps you keep track of records and not miss anything.

How to Use DeBank DeFi to Track Justin Sun's Crypto Portfolio:-

To use DeBank DeFi to track Justin Sun's crypto portfolio, follow these simple steps:

Go to DeBank DeFi and input Justin Sun's wallet address: 0x3ddfa8ec3052539b6c9549f12cea2c295cff5296.

Click enter and you will be able to see all of Justin Sun's on-chain activities, assets, and DeFi activities.

Most of his holdings are in stablecoins, including USDD, USDT, and TUSD. He also has a significant amount of TRX, which is not surprising, considering he is the founder of Tron.

Justin Sun has recently added a decent amount of AAVE, ETH, BTC, CRV, COMP, MULTI, CVX, MATIC, and many more. By clicking on Transactions, you can see all the recent buying and selling happening on his account.

How to Avoid Scammers and Shit Coins :-

As Justin Sun's address is public, many scammers deposit shit coins on his addresses. If you buy them, you may suffer huge losses. To avoid this, look for coins that have a lower value and avoid them. Think from Justin Sun's perspective: he is a millionaire, why would he waste his time buying something worth $50 or $100? Instead, look for trades with big numbers and use etherscan to track them.

Conclusion:

Tracking Justin Sun's crypto portfolio can be an excellent way to learn how the richest people in the crypto world manage their investments and potentially make a profit. By using DeBank DeFi and Zerion, you can keep track of Justin Sun's portfolio and not miss any of his recent buying and selling activities. Remember to be careful and avoid scammers and shit coins, and always do your own research before making any investment decisions.

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🚨 ALERT 🚨

@0xSisyphus just bought 438B $LADYS with 39 $ETH ($70,760) at a price of $0.0000001614 in the past 3 hours.

Check out the transaction history here: https://debank.com/profile/0x4dbe965abcb9ebc4c6e9d95aeb631e5b58e70d5b/history?token=0x12970e6868f88f6557b76120662c1b3e50a646bf_LADYS_eth

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Tether's Q1 2023 Consolidated Reserves Report Confirms All-Time High Surplus of $2.44B

Takeaways:

Tether Holdings Limited's assurance opinion for Q1 of 2023 re-affirms the accuracy of its Consolidated Reserves Report (CRR) with increased transparency into its reserves reporting.

Tether's excess of reserves reached an all-time high of $2.44B, with a net profit of $1.48B for the first quarter of 2023.

The majority of Tether's reserves are invested in US Treasury Bills, and it has taken steps to reduce reliance on pure bank deposits as a source of liquidity.

Tether's reserves remain extremely liquid, with the majority of investments held in cash, cash equivalents, and other short-term deposits.

Tether's consolidated assets once again exceed its consolidated liabilities.

Tether Holdings Limited has announced the publication of its Consolidated Reserves Report (CRR) for Q1 of 2023. The report, which breaks down the assets held by the group as of March 31, 2023, has been attested by BDO Italia, a top five-ranked global independent public accounting firm.

Increased Transparency:

The CRR provides increased transparency into Tether's reserves reporting by breaking down its assets into separate categories, including physical gold, Overnight Repo, Corporate Bonds, and Bitcoin ownership. Tether closed the first quarter of 2023 with $81.8B in consolidated total assets, with the majority of its reserves invested in US Treasury Bills.

Surplus Reaches All-Time High:

Tether's excess reserves reached an all-time high of $2.44B, up $1.48B for the first quarter of 2023. The increase in the token in circulation of 20% is a clear indicator of the trust of Tether's customers, allowing the company to remain optimistic for the future.

Reducing Reliance on Bank Deposits:

Tether has been working to reduce its reliance on pure bank deposits as a source of liquidity and has leveraged the Repo market as an additional measure to ensure higher standards of protection for its users by maintaining the required liquidity.

High Liquidity:

Tether's reserves remain extremely liquid, with the majority of its investments being held in cash, cash equivalents, and other short-term deposits (approximately 85%). Gold and Bitcoin represent approximately 4% and 2% of the total reserves, respectively. All new issuance of tokens have been invested in US Treasury bills or placed in overnight Repo.

Conclusion:

Tether's Q1 2023 Consolidated Reserves Report attested by BDO Italia confirms an all-time high surplus of $2.44B and increased transparency into its reserves reporting. The company's commitment to reducing reliance on bank deposits and maintaining high liquidity demonstrates its ongoing efforts to protect its users' funds. Tether's surplus exceeding its liabilities once again reflects its strength and stability in the market.

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Ontology and Uniswap are teaming up to integrate Uniswap V3 onto the Ontology EVM, which is expected to enhance user experience, scalability, and DeFi possibilities. The partnership will leverage the strengths of both platforms to create a dynamic DeFi environment, utilizing secure bridges to ensure robust cross-chain functionality.

The proposal is supported by a liquidity provision of $2 million USDT and a $1 million USDT liquidity incentive from the Ontology Foundation. This collaboration sets a precedent for future partnerships in the DeFi space, highlighting the industry's drive towards interoperability and collaboration to deliver greater value and possibilities for the global blockchain community.

#BRC20 #BTC #dyor #newtokenininnovationzone

（Cointime 16th,May）Mask Network, a leading decentralized social network, has announced an investment in The Open Network (TON) to further develop its ecosystem and provide innovative solutions for people across networks. TON is a revolutionary technology that seeks to unite all blockchains and the Web2 internet into one open network.

Mask aims to build an easy-to-use bridge between Web2 and Web3-era decentralized apps. With shared synergy between the two groups' visions, Mask will achieve deeper integration and provide DID solutions for their combined communities and beyond, contributing to the future decentralized social networks ecosystem. Mask's ambition is to become the Web3 social conglomerate building for the first billion people in Web3.

#memecoins #btcordinals #googleai #newtokenininnovationzone

Auradine, a Silicon Valley-based provider of web infrastructure solutions, has raised $81 million in a Series A funding round. The funding will be used to develop hardware and software infrastructure for decentralized applications. The round was led by venture capital firms Celesta Capital and Mayfield. Bitcoin mining company Marathon Digital Holdings also participated in the round. Auradine has deep ties to traditional technology companies as its CEO and co-founders previously held senior positions at semiconductor and cybersecurity firms. The funding and expertise from strategic investors will help Auradine build a web infrastructure platform to enable decentralized applications.

#memecoins #newtokenininnovationzone

Ripple's XRP has maintained a price level of around $0.43 with a net change of less than 1% over the past week. Despite the uncertain market sentiment, long-term XRP investors have stopped selling, which could lead to a bullish price prediction in the coming days. On-chain data shows that XRP could soon enter a prolonged price rally due to an uptrend in network traction and renewed confidence among long-term XRP holders. The increase in daily active addresses on the XRP network and the rise in mean coin age across the Ripple network suggest that the bullish XRP price prediction will be validated if stakeholders continue to increase network activity and investors HODL longer.

#btcordinals #BRC20 #googleai #newtokenininnovationzone

Attention all #BTC traders:

A rumor has been circulating about a large 9,800 $BTC transaction, valued at $264 million, allegedly sent from a US Government-controlled wallet.As a result, BTC's price fell by 5%.

However, after examining the origin of the funds and receiving confirmation from CryptoPatel, there is no substantial evidence to support the rumor.

Stay alert and don't let rumors influence your trading decisions.

Always rely on verified information and analysis. Keep calm and stay focused on your trading strategy.

DYOR before any FUD.

DYOR = Do Your Own Research.

FUD :- Fear, Uncertainty, and Doubt.

so DYOR before investing in any coins.

Follow us for more Quality content.

Thank you.

#BRC20 #dyor #crypto2023 #newtokenininnovationzone #cpi

Ribbon Finance has launched Aevo, a new on-chain platform for trading altcoins with institutional-grade liquidity providers such as Galaxy, GSR, and Orbit. The platform offers users access to leverage and hedging against tail events through call and put options. Initially, Aevo OTC will support trading across weekly, biweekly, and monthly maturities on a rotating list of 13 different altcoins, including bitcoin, ether, pepe, arbitrum, optimism, and aptos.

The platform's dynamic margin system requires liquidity providers to deposit a 30% margin in USDC and prompts market makers to deposit additional margin based on a trade's mark-to-market value. Future plans include a secondary market, more exotic options, the ability to choose counterparties, and customized margin requirements for pro traders.

#crypto2023 #googleai #newtokenininnovationzone

Bitcoin experienced a decrease in price while major US stock indices saw an increase following a positive jobs report for May 2023 from the US Bureau of Labor Statistics.

The report showed an increase in nonfarm payroll employment and a rise in the unemployment rate. The upcoming Federal Open Market Committee meeting may result in mixed expectations regarding rate hikes by the US Central bank, which could cause volatility in the crypto market.

However, the S&P 500 Index saw a positive surge on Friday in response to the jobs data, which may lead to a potential increase in the Bitcoin price. Currently, Bitcoin dominates the United States' crypto market.

#newtokenininnovationzone #googleai #cryptotrading