Cryptocurrency market overview | May 16 🧙‍♂️ Market cap: | Crypto De Nostradame on Binance Square

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Cryptocurrency market overview |  May 16
 🧙‍♂️ Market cap: $2.39 trillion (+5.62%)
 🧙‍♂️ BTC dominance: 54.59% (+0.50%)
 🧙‍♂️ Fear and Greed Index: 70 (greed)

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Bitsamp, Mt. Gox Says It Will Speed Up the Process for Payments Bitstamp, Mt. Gox has announced its commitment to distribute refunds to creditors as quickly as possible. Mt. According to their agreement with Gox trustees, Bitstamp has 60 days to distribute its tokens. But it aims to compensate investors much sooner. This announcement comes after several Mts in Japan confirmed receiving compensation in Bitcoin (BTC) and Bitcoin Cash (BCH) via exchange accounts at Bitbank and Kraken. Gox is monitoring its creditor's reports. Bitstamp's swift action provides some clarity on the refund timeline. Mt. Bitstamp, one of the exchanges tasked with distributing Bitcoin refunds to Gox creditors, has announced its intention to process these payments as soon as possible. Mt. Gox trustees gives Bitstamp up to 60 days to distribute the tokens once they are received, while the exchange said it was working to promptly refund investors. This announcement comes with Mt. Gox sheds light on the timeline of refunds. The redemption process involves five exchanges, each with different time frames for distribution after receiving money from the trustee. Two Japanese exchanges, Bitbank and SBI VC Trade, have already received and distributed their allocated funds, completing the process within hours. The status of the distributions of the remaining three exchanges, Bitstamp, Kraken and BitGo, is less clear. These exchanges have varying deadlines. Kraken has up to 90 days, Bitstamp has up to 60 days, and BitGo has up to 20 days to process payments. The timing of when each exchange will receive Bitcoin from the trustee remains unclear. It is possible that the remaining Bitcoin will be distributed sequentially or simultaneously to these exchanges in the near future. The scale of the remaining repayments is significant. While 47,229 Bitcoins (worth about $2.7 billion) were sent to Bitbank and SBI VC Trade, the trustee still had 94,771 Bitcoins (worth about $5.4 billion) left to distribute.

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🌟 New Partnership Update 🌟 KIP Protocol 🤝 Rivalz We're delighted to announce our latest partnership with Rivalz, the first AI Intel Layer powered by Dymension with Celestia DA underneath 💎 Learn more about our partnership here👇 https://x.com/kipprotocol/status/1810297808135876681

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Binance Backed Altcoin Drops the Most of the Day: Whales May Sell! PENDLE, Pendle Finance's own token, was one of the projects that lost the most value in the past week. According to CoinGecko data, the PENDLE price has fallen 32.7 percent in the last seven days. PENDLE, which has a market value of $532 million, lost 10.6 percent of its value on a daily basis and is trading at $3.42 as of this morning. But this whale bought PENDLE at much lower prices. According to Lookonchain data, the whale purchased PENDLE from centralized and decentralized cryptocurrency exchanges between February 9 and April 27, 2023, at an average price of $0.32 per unit. Binance's $10 billion investment arm, Binance Labs, announced that it invested in Pendle Finance in August 2023. Pendle Finance enables yield opportunities to be tokenized and traded. Yi He, one of the founders of Binance, commented: “Pendle Finance's innovative yield strategies align with our vision for the future of DeFi.”

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Cryptocurrencies: Biggest Losers and Gainers of the Week 1. FATHER TATE (DAD) DADAY TATE is an Andre Tate Token. But despite the popularity of the phenomenon, it had a pretty rocky start. Shortly after its launch, DADDY TATE price experienced difficulties in the market. However, this week has been quite bullish for this meme coin. Because the price rose 82% during the week and dominated the week's crypto winners. 2. 5thscape (5SCAPE) 5thscape is redefining the AR/VR market with immersive VR games, movies, vehicles and more. Its native token 5 SCAPE brings together the best of these, perfectly connecting cryptocurrency to the AR/VR market. 3.Hoppy Hoppy marked an increase of 50% in the last few hours and 107% in the week. He made the most profitable recovery from this market crash. The price didn't just go up. It also created an all-time high of $0.0002016, offering gains of 4329% since its launch in April. 1. io.net (IO) IO sparked an immediate recovery in the crypto market, with the price reaching an all-time high of $6.45 on June 13. However, soon after that, the downtrend began for this AI crypto, which lost more than 53% of its value, a 35% decline in the last seven days. It is currently at $2.09 with a market cap of $198,612,454. 2. Ben Doge (BENDOG) BENDOG has been on the list of top crypto gainers multiple times in June due to its continuous gains. However, the market crash negatively affected this dog-themed meme coin. It is currently trading at 198.612 following a 32% drop for the week and a 70% drop for the month. 3. Gamestop (GME) Gamestop is again on the loser's side as short sellers are active for this altcoin. Earlier, Gamestop price surged considerably and rose to an all-time high of $0.03207. Now the value has fallen 82% since then. At the time of writing, GME price is at $0.006043 after a 19% increase in the last 24 hours.

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🧙‍♂️The German Government transferred 700 BTC worth $40.55 million to a wallet last night. •The government still has 39,826 BTC ($2.31 billion).

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