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👉👉👉 #TRON Founder Says #Memecoins🤑🤑 Are Here to Stay with Community Participation Justin Sun, the visionary behind TRON, recently reiterated his unwavering support for the meme coin sector. In an interview at the TOKEN2049 event and through a post on the official X account, Sun emphasized the profound impact of meme coins like #shibaInu and #FLOKI🔥 within the dynamic crypto industry. Sun acknowledged that while meme coins may seem unconventional, they hold a significant position in the crypto market ecosystem. He expressed confidence in their enduring relevance, attributing their staying power to their influential role in shaping the overall crypto landscape. Sun went on to predict that these tokens will continue to play a crucial role in future market uptrends, citing their resilience and ability to capture widespread attention. Highlighting the endorsement of prominent figures like Elon Musk, particularly in the case of $DOGE coin, Sun underscored the importance of celebrity support in bolstering the success of meme coins. He asserted that such backing from influential personalities contributes to the long-term viability and success of these tokens, further solidifying their position in the market. Moreover, Sun emphasized the pivotal role of community participation in fueling the phenomenon of meme coin mania. He stressed that the level of engagement and involvement from the #CryptoCommunity is instrumental in shaping the trajectory and prominence of these digital assets. Sun believes that heightened community participation will inevitably lead to the ascendance of meme coins to a dominant position within the crypto sphere. Source - blockchainreporter.net

👉👉👉 #TRON Founder Says #Memecoins🤑🤑 Are Here to Stay with Community Participation

Justin Sun, the visionary behind TRON, recently reiterated his unwavering support for the meme coin sector. In an interview at the TOKEN2049 event and through a post on the official X account, Sun emphasized the profound impact of meme coins like #shibaInu and #FLOKI🔥 within the dynamic crypto industry.

Sun acknowledged that while meme coins may seem unconventional, they hold a significant position in the crypto market ecosystem. He expressed confidence in their enduring relevance, attributing their staying power to their influential role in shaping the overall crypto landscape. Sun went on to predict that these tokens will continue to play a crucial role in future market uptrends, citing their resilience and ability to capture widespread attention.

Highlighting the endorsement of prominent figures like Elon Musk, particularly in the case of $DOGE coin, Sun underscored the importance of celebrity support in bolstering the success of meme coins. He asserted that such backing from influential personalities contributes to the long-term viability and success of these tokens, further solidifying their position in the market.

Moreover, Sun emphasized the pivotal role of community participation in fueling the phenomenon of meme coin mania. He stressed that the level of engagement and involvement from the #CryptoCommunity is instrumental in shaping the trajectory and prominence of these digital assets. Sun believes that heightened community participation will inevitably lead to the ascendance of meme coins to a dominant position within the crypto sphere.


Source - blockchainreporter.net

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💥💥💥 Good news for #Ethereum Investors from #SEC Chairman Gary Gensler: He Set a Date for the Final Approval of Spot ETH ETFs! SEC Chairman #GaryGensler Expects Approval of Spot Ethereum #ETFs by End of Summer - Speaking before the Senate Appropriations Committee, SEC Chairman Gary Gensler indicated that he anticipates the approval of S-1 filings for spot Ethereum ETFs by the end of the summer. - Fox correspondent Eleanor Terrett provided details on the discussion between Gensler and US Senator Bill Hagerty regarding the timeline for Ethereum ETF approvals. - In May, the SEC approved 19b-4 applications for spot Ethereum ETFs. However, before these ETFs can begin trading, the SEC must also approve the S-1 filings. While market analysts expected the approval for S-1 applications for ETH ETFs to come in June or July, Gensler's statement aligns partially with these predictions. As of now, Ethereum is trading at $3,518. This is not investment advice. Source - en.bitcoinsistemi.com  #CryptoTrends2024
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🔥🔥🔥 Forbes Highlights #shibaInu Success: Four Key Points of Praise Forbes Recognizes Shiba Inu’s Achievements In a June 11 article, Forbes dedicated a segment to celebrating Shiba Inu's achievements in both the crypto world and traditional finance. "All hail Shiba Inu, cutest of all the doges!" the segment began, highlighting that Shiba Inu is not just a #memecoin🚀🚀🚀 with a "pretty face" but a cryptocurrency demonstrating real utility. Shiba Inu Team Reacts, Summarizes Forbes Article into Four Key Points Shiba Inu marketer Lucie celebrated the recognition from the prominent business media outlet. She summarized the Forbes article into four main points: 1. Innovation Leadership: Forbes highlighted Shiba Inu's role in setting the technological pace for other crypto assets, showcasing its leadership in innovation. 2. Partnership with Zama.ai: The article recognized Shiba Inu's partnership with Zama.ai to develop a fully homomorphic encryption platform, emphasizing the project’s commitment to improving privacy and security. 3. Transition to Practical Utility: Forbes praised Shiba Inu for evolving from a memecoin to a token with practical utility, including security and identity solutions. 4. Impact on Traditional Finance: Lastly, Forbes noted that Shiba Inu's influence extends beyond the crypto world into traditional finance, setting new industry standards. Lucie emphasized that this recognition reflects the hard work of Shiba Inu’s developers and the project's progress in the crypto space. Shiba Inu’s Commitment to Innovation Since August 2020, Shiba Inu has transformed from a memecoin to a utility-focused project under Shytoshi Kusama. The team has launched a DEX, Layer-2 blockchain, NFTs, DN-404 tokens, and a domain name system. Upcoming projects, set for the 2024/2025 market cycle, include an L3 privacy #Blockchain , a #metaverse project, and a play-to-earn version of Shiba Eternity, showcasing Shiba Inu's commitment to innovation and leadership. Source - thecryptobasic.com #BinanceSquareTalks
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👉👉👉 U.S. CPI Was Flat in May, Beating Expectations; #bitcoin Rises to $69.2K The U.S. Consumer Price Index (CPI) remained unchanged in May, outperforming economist expectations of a 0.1% increase & down from April's 0.3% rise. On a year-over-year basis, #cpi increased by 3.3%, slightly below the anticipated 3.4% and last month's reading of 3.4%. The core CPI, which excludes food & energy costs, rose 0.2% in May, also beating forecasts of a 0.3% increase and compared to April's 0.3% rise. Year-over-year, core CPI increased by 3.4%, against expectations of 3.5% and April's 3.6%. Bitcoin (BTC) responded positively to the lower-than-expected inflation data, jumping to $69,400, up nearly 4% over the past 24 hours. After significant declines in inflation during 2022 and 2023 as the Federal Reserve raised interest rates, the trend has stalled in recent months, remaining above the policymakers' 2% target. This has dampened market participants' expectations of imminent rate cuts. Earlier this year, traders anticipated five or six 25 basis points (bps) rate cuts in 2024 by the end of December. However, this expectation shrank to one or two cuts before today's CPI report, with the first cut not expected until September, according to the CME FedWatch Tool. Crypto prices have been "highly sensitive" to U.S. economic data recently, noted K33 Research in a report earlier this week. Recent higher inflation figures and reduced hopes for rate cuts led to Bitcoin's decline from all-time high prices above $73,000 in March to below $57,000 in May. Traders anticipate that looser monetary conditions will fuel the next leg of the crypto rally to record prices. Several major central banks, including the European Central Bank and the Bank of Canada, have recently lowered benchmark rates, causing the U.S. dollar index (DXY) to reach a one-month high. Investors are now awaiting the Federal Reserve's "dot plot" release, which will reveal interest rate projections from Federal Market Open Committee members and could significantly impact asset prices. Source - coindesk.com 
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💥💥💥 Pepe, #Bonk surge despite sell-off in #Memecoins🤑🤑 PEPE and BONK have defied the broader crypto market downturn, showing notable gains over the past 24 hours. Analyst Michael van de Poppe suggests a market rebound is possible due to key macroeconomic events this week, including the Consumer Price Index (CPI) release, the Federal Open Market Committee (FOMC) meeting, and the Federal Reserve’s interest rate decision. PEPE's Performance: - PEPE reached a low of $0.00001163 on June 11 but bounced back to around $0.000013, marking an 8% increase over the past 24 hours. If support holds, further upside is possible. BONK's Performance: - BONK, Solana's first dog-themed memecoin, is currently priced at $0.00002872, up 6% in the past 24 hours. Although it reached an all-time high of $0.00004547 in March, it is down 17% over the past week. Today’s bounce could lead to further gains. Market Outlook: - Despite Bitcoin's decline and pressure on other altcoins, van de Poppe believes a bullish reversal is likely, especially after the FOMC meetings. The resilience of PEPE and BONK amidst market declines highlights the dynamic nature of the crypto market, particularly in the meme coin segment. Investors should closely monitor these developments given the upcoming macroeconomic events. Source - coinjournal.net #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
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#Ethereum Price Slips: Slow Descent as Market Pressure Mounts Ethereum's attempt to break above the $3,650 resistance failed, resulting in a downturn below $3,550 and signaling persistent bearish trends. The price slipped below the critical $3,550 support and the 100-hourly Simple Moving Average. On the ETH/USD hourly chart from Kraken, a significant bearish trend line has emerged near the $3,650 threshold, indicating resistance. Failure to sustain positioning above this resistance may extend losses. Although Ethereum briefly surpassed the 23.6% Fibonacci retracement level, further gains may face resistance around $3,550. The $3,570 mark represents a significant hurdle, closely aligned with the 50% Fibonacci retracement level and a crucial bearish trend line near $3,650. An upside breakthrough above $3,650 could lead to resistance levels at $3,720, $3,820, and potentially a challenge of the $4,000 zone. Conversely, failure to breach $3,550 may prompt further downside movement, with initial support at $3,475 and a more substantial zone near $3,430. Technical indicators, like the hourly MACD and RSI, suggest weakening momentum in the bearish zone. In summary, Ethereum's struggle to surpass key resistance levels indicates ongoing bearish pressures, potentially leading to further downside unless critical support levels are reclaimed. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
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