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Bilal Ashraf
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Just listen. It is the time... 😏😬

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It is the time... 😏😬

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📢📢 Memecoins goes like rocket. crypto open interest charts taking 4 out of top 10 spots.🤯 The memecoin frenzy has been the buzz of the crypto community this bull season. Pepe and WIF have surged into the top 20 cryptocurrencies by market capitalization within a year of their public launch. These memecoins have gained significant traction in the crypto leverage market, where traders either go short or long on their prices. Four out of the top 10 cryptocurrencies by open interest (OI) are memecoins, with $PEPE $0.000016 leading the charge with $812.6 million in OI and nearly half of Solana’s $SOL $168 $1.7 billion in OI. Apart from Pepe, Dogecoin ($DOGE ), Bonk ($BONK ), and Dogwifhat (WIF) also made it to the top 10. Bitcoin (BTC) is leading the chart with $11.1 billion in OI, followed by Ethereum (ETH) with $9.15 billion. Another thing to note is the significant difference in OI from top to bottom. Bitcoin's OI is $11 billion, while the tenth-placed Near Protocol NEAR $7.59 has only $230 million in OI, indicating the major difference in traders’ interest.  The recent rise in OI for memecoins comes from its bullish momentum over the past couple of weeks when Pepe hit a new all-time high while WIF reached a new multi-week high above $3.30. A contract is deemed “open” from the moment it is opened by the buyer or seller until it is closed by the counterparty. OI increases when new contracts are added and decreases when contracts are settled. In contrast to the trading volume, OI is continuous data. #MtGox #EarnFreeCrypto2024 #ETFvsBTC #altcoins #FIT21
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🚨🚨 IMPORTANT NEWS 🚨 It's time for crypto world. Russia’s top metal producers reportedly turn to Tether for trades with China Russia’s two largest unsanctioned metal producers have reportedly begun using Tether’s USDT stablecoin for cross-border transactions with Chinese clients and suppliers. Russian commodities giants have reportedly started using stablecoins to settle cross-border transactions with China as the U.S. Treasury Department previously made it clear it would impose secondary sanctions on lenders facilitating sanctions evasion. citing top executives at two Russian metal companies, the metal producers have turned to the USDT stablecoin and in some cases settle their trades through Hong Kong.  While the volume of these trades remains unclear, the sources close to the companies claim the current alternatives to stablecoins are slower or even worse, risking an overseas bank account that could be frozen. As of press time, Tether made no public statements regarding the matter. Cryptocurrencies are unlikely to allow Russia to evade international sanctions effectively as Chainalysis co-founder Jonathan Levin earlier highlighted the transparency of major blockchain networks, which makes it difficult for sanctioned entities to launder large amounts of cryptocurrency systematically. Nonetheless, sanctioned regions continue to explore ways to circumvent Western restrictions. In mid-April, crypto.news reported that Venezuela’s state-run oil company PDVSA increased its use of USDT in crude and fuel exports amid tightening U.S. sanctions. $BTC #MtGox #FIT21 #ETFvsBTC #EarnFreeCrypto2024 #altcoins
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🚀💥 $WIF smashes past $3: Will WIF reach $5 soon? 🔴 Dogwifhat [WIF] bulls have stepped up their game over the last few days, as the meme coin registered a double-digit growth. As a result, WIF broke above a bullish pattern, which has the potential to cause further growth in the coming days.  WIF bulls are winning WIF investors were having a great week as the meme coin’s price increased by a healthy 20% in the last seven days. The bulls pushed even harder in the last 24 hours as WIF’s value surged by 8%. At the time of writing, Dogwifhat was trading at $3.11 with a market capitalization of over $43.1 billion, making it the 38th largest crypto. The recent price uptick also allowed the meme coin to break above a symmetrical triangle pattern. Captain Faibik, a popular crypto analyst, recently posted a tweet highlighting this development. The tweet mentioned that WIF consolidated inside the pattern for the last 80 days before finally breaking out, which could result in an 80%–90% bull rally soon. Apart from this, Lookonchain recently posted a tweet that pointed out that buying pressure on the meme coin was high. According to the tweet, a whale spent 17,966 SOL, worth $2.98 million, to buy 953,177 WIF at $3.13. This whale previously spent 1 million USDC to buy 355,417 WIF at $2.81 on the 21st of May. However, it was surprising to note that despite the hike in price and buying pressure, sentiment around the meme coin remained bearish as its Weighted Sentiment went into the negative zone. Its Social Volume also remained low, reflecting a decline in WIF’s popularity. #EarnFreeCrypto2024 #FIT21 #btc70k #ETFvsBTC #Megadrop
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😏😏😬😬😬 #EarnFreeCrypto2024
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🛑🔥$82 Million Bitcoin Mystery Stuns World's Largest Exchange. A substantial withdrawal of 1,195 Bitcoin, valued at approximately $81.95 million, has been made from Binance, the world’s largest cryptocurrency exchange. This transfer to an unknown address has caught the attention of the crypto community as, typically, massive withdrawals from exchanges are perceived as bullish signals for the price. The logic is simple: large investors buy digital assets on liquid platforms like Binance and then move them to private wallets for storage, indicating long-term holding strategies. The address "bc1qm34" hosted by the exchange transferred millions of tokens to "1126a" in one tranche. This address is relatively fresh and was activated a month ago by a transfer from the same Binance - for 89,668 BTC, equivalent to $5.62 million. In general, all interactions of this address are related to Binance, as well as the address "bc1q7." That is, funds move only between these three addresses.  A deeper dive through Arkham Intelligence data, however, reveals that the address in question may belong to Ceffu - an institutional digital asset platform offering custody and liquidity solutions. The second address, however, also belongs to the platform and is its custodial address. It now holds 250.219 BTC worth $17.45 million. Thus, it can be stated that there is no special mystery and mysticism in this transfer - just one platform withdraws Bitcoin from the largest, and in fact, liquid, platform for its own needs. Meanwhile, Bitcoin continues to trade around $70,000 per coin. Toward the end of the day today, the price of the main cryptocurrency is adding more than 2%. To reach the absolute maximum price of Bitcoin, at $74,000, less than 5.5% remains.  $BTC #MtGox #ETHETFsApproved #EarnFreeCrypto2024 #ETFvsBTC #altcoins
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