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Mt Gox begins repayment 🚨
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Cryptocurrency prices dropped sharply in Asia due to increased $BTC supply news and speculator selling, but stabilized around $54,000 for BTC and $2,950 for $ETH . US jobs data revisions hint at potential rate cuts. A trade idea suggests buying ETH at a 9.6% discount for a September maturity, with a strike price of $2,680 and upper barrier at $3,550. #Binance #crypto2024
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Sexyy Red launched the meme coin PRESI this morning. On-chain detective ZachXBT claims that the PRESI team purchased around 90% of the total supply during the presale. 😱 Additionally, an hour earlier, they launched another token and bought up 82% of its total supply. What do you think of this move? #Binance #crypto2024
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🚨 A dormant address holding 33 $BTC (worth $2,142,474) has been activated after 13 years of inactivity! #CryptoNews #Binance
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USDT Supply on TON Blockchain Surpasses 500 Million After Two Months 😱 The supply of #USDT stablecoin on the TON blockchain has surpassed 500 million after just two months of rollout, according to a recent report. This significant growth highlights TON’s recent surge in popularity, likely due to its integration with #Telegram , a messaging app with over 900 million users. Telegram users can play crypto mini-games on the TON blockchain to earn cryptocurrencies. #Binance #crypto2024
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CME Bitcoin Futures Surge 80% Due to Spot ETF Basis Trades 📈 #CME Bitcoin futures open interest surged 80%, driven by spot ETF basis trades, says K33 research. Since #BlackRock 's spot Bitcoin ETF filing on June 15, open interest rose from 9,000 to 16,000 contracts. Analyst Vetle Lunde notes traders are buying Bitcoin in the spot market and selling futures contracts to profit from price differences, expecting spot #ETF approval to narrow these prices. This rise is due to structured trades, not speculation like in 2021. #Binance #crypto2024
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