🚨What happened in Crypto in the last 12h?🚨
• $AGIX $FET $OCEAN - The ASI merger is set to be completed on June 13. Starting June 11, $FET will be renamed $ASI.
• #API3 - API3 has raised $4M in a strategic round led by DWF Labs. The VCs purchased at $2.8 per token.
• $GAL - Galxe has announced its own Layer-1 blockchain called #GravityChain. The first version of the network will start in June.
• $GMX - Arbitrum DAO has accepted GMX's STIP-Bridge proposal and will distribute 5.4M of ARB tokens to GMX as ecosystem incentives.
• $MPL - Maple has announced @syrupfi, a new protocol for Institutional Yield. MPL holders can migrate 1:1 to $SYRUP. Roadmap and timelines will be revealed on June 4.
• $MTL - Metal L2 plans a smart contract upgrade on June 24. (Snapshot: June 24, Airdrop: June 26)
• $SOL - According to db #tier10k, CME has no plans to offer Solana futures.
• $UMA - UMA has teased that a Huge OEV update tomorrow.
• $WLD - OpenAI's Sam Altman and Argentinian President Javier Milei discuss Worldcoin investment.
• $XPLA - XPLA has launched its own layer 2 chain. XPLA Verse functions as an L2 on Oasys’ game-specific blockchain.
• Gemini announced initial Earn distributions, covering 97% of assets owed since Nov 16, 2022. Users receive $2.18 billion in assets.
#EarnFreeCrypto2024 #Megadrop #altcoins #BinanceLaunchpool #write2earn🌐💹

Agora CEO Advocates for Core Mission of Stablecoins Over Passive Income
According to Odaily, Nick van Eck, CEO of stablecoin issuer Agora, has expressed his belief that stablecoin issuers offering passive income to holders are overlooking the core mission of stablecoins. In a Medium article published on May 27, he explained that these companies should focus on utility, liquidity, and means of transaction to benefit individuals and businesses as much as possible.
Interest-bearing stablecoins offer a new dimension for DeFi users seeking to earn interest, but van Eck stated that such products could be classified as securities products in many countries, thus limiting the customer base. He added, 'This not only deprives you of your customers but also your liquidity providers, suppliers, and a higher utility cap. Your products cannot be freely traded. Financial services companies regulated outside the United States are unlikely to use your product because it carries risk without providing sufficient returns.'
Furthermore, van Eck announced that Agora will launch the Agora Digital Dollar (AUSD) on Ethereum next month, in June. Instead of 'picking winners and losers' in the industry, it will attempt to collaborate with as many cryptocurrency exchanges, trading companies, and fintech companies as possible. The AUSD will be fully backed by cash, US Treasury bills, and overnight repurchase agreements, and the $90 billion asset management company VanEck, with Jan van Eck as CEO, will manage a fund for Agora's reserves.
Previously in April, Agora announced the completion of a $12 million seed round of financing, led by Dragonfly, with participation from General Catalyst and Robot Ventures. Agora was co-founded by Van Eck, along with cryptocurrency veterans Drake Evans and Joe McGrady, and its issued stablecoin is supported by cash, US Treasury bonds, and overnight repurchase agreements.
#EarnFreeCrypto2024

Terra Classic (LUNC) to Surge 1134%; Analyst Says
LUNC
$0.00011319
-1.71%
Crypto market analyst Javon Marks has predicted a major price increase for Terra Classic (LUNC). He expects the price to rise by 1,134%, reaching $0.00139. This forecast is based on a positive technical pattern in LUNC’s price chart.
If this prediction comes true, it will break LUNC’s previous all-time high of $0.00005922, which was set in September 2022. This past high followed a 1,336% surge after the Terra ecosystem collapsed in May 2022.
Terra Classic (LUNC) Shows Strong Uptrend Amid Market Rally
LUNC has exhibited a distinct uptrend since October 2023, defying the broader market’s performance to a certain extent. This price movement comes after LUNC hit a low of $0.00005506 in October 2023, its lowest point since June 2022. This low price point served as a springboard for the current uptrend, fueled in part by the overall cryptocurrency market rally that began in Q4 2023.
A key technical indicator supporting the bullish outlook is the ascending trendline established on LUNC’s 3-day chart. This trendline signifies a series of higher lows, suggesting a potential continuation of the upward trajectory. Marks highlights this trendline in his analysis, emphasizing its importance for the predicted price movement.
LUNC’s Uptrend Strengthened by Key Technical Indicators
A recent retest of the aforementioned trendline strengthens the possibility of an imminent price increase. If the trendline holds, Marks anticipates an initial surge to $0.00058046, representing a substantial 414% increase from current prices.
However, Marks delves deeper into historical data, pointing to the potential for a more significant upswing. He references the 1,336% price increase witnessed between June and September 2022, which stemmed from a similar technical setup. This historical precedent suggests that LUNC could surpass the initial target of $0.00058046. Marks proposes a secondary target of $0.00098584, followed by a potential peak of $0.001391.
For the bullish momentum to persist, LUNC must hold above the crucial support level at the 20-day Simple Moving Average (SMA), currently positioned at $0.00010747. Additionally, surpassing the resistance level at the upper Bollinger Band ($0.00011498) is critical to maintaining short-term bullishness. Conversely, a price drop below the psychological level of $0.0001 could indicate a potential trend reversal.
Community Efforts and Market Volatility Impacting LUNC’s Future
It’s important to acknowledge the ongoing efforts of the Terra Classic community to revitalize the ecosystem. These initiatives aim to contribute to LUNC’s price recovery.
While analyst predictions offer valuable insights, they should not be considered guarantees. The cryptocurrency market remains inherently volatile, and unforeseen factors can influence price movements.
Moving forward, close observation of LUNC’s technical indicators alongside developments within the Terra Classic ecosystem will be crucial for gauging the accuracy of price predictions and the overall health of the project.
#TerraClassic #LUNC #EarnFreeCrypto2024 #write2earn🌐💹
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.

Will Crypto Markets March Higher When $1.4B Bitcoin Options Expire?
BTC
$66,864.01
-3.83%
ETH
$3,666.86
-3.17%
Crypto markets have largely held on to gains this week, buoyed by Ethereum and the US Securities and Exchange Commission’s approval of spot exchange-traded funds.
However, around $1.4 billion in notional value Bitcoin options contacts will expire on May 24.
The 21,000 contract expiry is a relatively small event compared to the month-end May 31 expiry which will see a whopping $4.3 billion worth of options expire, according to Deribit.
Bitcoin Options Expiry
The put/call ratio for this week’s Bitcoin options contracts is 0.88, which means that long and short-contract sellers are relatively evenly matched with slightly more calls expiring. The max pain point, or the price at which most option contract buyers lose their premium, is $67,000.
The longs are also dominating in open interest (OI) with around $830 million at the $70,000 strike price. Higher strike prices also have a lot of OI, with around $843 million at $100,000, according to Deribit.
The $60,000 strike price has the highest amount of OI for put contracts with $388 million. Open interest refers to the number or value of contracts that have yet to be settled, so the bulls expect much higher BTC prices.
Chart Bitcoin OI by expiry. Source: Deribit
In addition to today’s Bitcoin options there are around 354,000 Ethereum contracts expiring today. These have a notional value of $1.5 billion and a put/call ratio of 0.57 with more calls expiring than puts.
Derivatives traders have been speculating on ETH in the run-up to the long-awaited SEC deadline. There is around $515 million in OI at the $4,000 strike price as bulls expect more momentum.
“BTC pulled back as expected, compared to the very strong support for ETH’s price, with ETH’s current weekly weighted IV still exceeding 100%, while BTC’s current weekly IV is only 50%,” commented crypto derivatives software provider Greeks Live.
Crypto Market Impact
Almost $3 billion in BTC and ETH options will expire today, but the impact on spot markets is usually muted. Total capitalization has dropped 1.3% to $2.68 trillion, primarily due to a 2.3% dip in Bitcoin prices as the asset fell to $67,400 at the time of writing.
Ethereum faced tons of volatility ahead of yesterday’s decision but now stands calmly at $3,730.
The altcoins were a mixed bag with gains for Chainlink (LINK), PEPE, and Ethereum Classic (ETC), but losses for Solana (SOL), Dogecoin (DOGE), and Toncoin (TON).
The post Will Crypto Markets March Higher When $1.4B Bitcoin Options Expire? appeared first on CryptoPotato.
#btc70k #altcoins #BlackRocks #write2earn🌐💹