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Customers Bank has announced it will no longer provide banking services to certain digital asset hedge funds, including major crypto firms like Galaxy Digital, Coinbase, and Circle. This decision impacts numerous funds and highlights the challenges crypto companies face in accessing traditional banking services. Customers Bank emphasizes its rigorous client selection process and the need to limit exposure to the digital asset sector, currently capping CBIT deposits at $2 billion out of a total $18 billion. #CryptoBanking #CustomersBank
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Notcoin (NOT) gained attention through a viral Telegram-based game, reaching a market cap near $500 million. Price predictions for NOT vary widely: CoinCodex forecasts a potential 399.82% rise by 2024, while CoinCu suggests a range of $0.07894 to $0.1894 by the same year. Long-term predictions include potential values of $1.71 by 2029. The token's success is driven by its engaging gameplay and integration with the TON network, with plans to become a "Netflix for games" by encouraging developers to create crypto games within its ecosystem. #Notcoin #Crypto #PricePrediction
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Polygon's native token MATIC has significant growth potential according to recent analysis. The token recently showed an upward trend due to the Napoli upgrade, which enhances scalability and performance. Despite its decline from a peak of $2.92 in 2021 to $0.71, analysts believe it can rebound. The MVRV ratio signals a buying opportunity, and the Polygon gaming ecosystem's rapid growth also supports a bullish outlook for MATIC. #Polygon #MATIC #CryptoAnalysis
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Dogecoin (DOGE) experienced a significant trading volume surge of 47.62%, reaching $1.32 billion in the past 24 hours. This spike has led to increased optimism within the DOGE community. Despite a slight 1.04% dip in price to $0.1607, DOGE has seen an 8.47% increase over the past 30 days. Key technical indicators remain bullish, with DOGE's RSI at 50.94 and trading prices above its 200-day SMA and EMA, indicating potential for continued upward momentum. #Dogecoin #CryptoMarket
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Traders are betting heavily against MicroStrategy (MSTR), with $7 billion in short positions. Fintel reports that these positions rank 27th and 47th in the largest financial positions, highlighting significant bearish sentiment despite the company's substantial Bitcoin holdings of 214,400 BTC. This reflects skepticism about MicroStrategy's reliance on Bitcoin amidst broader market dynamics. #MicroStrategy #Bitcoin #ShortSelling
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Bitcoin spot ETFs in the U.S. have seen consistent net inflows for 19 consecutive trading days, totaling $18.27 billion. The highest single-day inflow was $8.86 billion on June 4. This trend indicates strong investor interest and confidence in Bitcoin as a viable investment. #Bitcoin #ETFs #CryptoInvesting
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Bitcoin ETFs in the U.S. have seen 18 consecutive days of net inflows, totaling $15.6 billion since January 11, 2024. This momentum has been driving Bitcoin's price upward, with traders targeting $100,000. The successful launches of ETFs by BlackRock and Fidelity have shifted crypto investment focus to the U.S. Bitcoin options markets also reflect bullish sentiment, with significant interest in call options at $75,000, $80,000, and $100,000. #Bitcoin #ETFs #CryptoMarket
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The Fantom Foundation announced that the fUSD exchange website and contract have been launched, and the exchange will last for a week; Injective plans to destroy more than 6 million INJ tokens next week. At the same time, the Cryptocurrency Open Patent Alliance requires Craig Wright to bear 85% of the litigation costs. The total market value of stablecoins exceeds 170 billion US dollars, of which USDT accounts for 65.79% of the market. Aethir Checker Node holders will start the node on June 12 and will receive 15% of the new high total in the next four years. An ETH ICO participant address holding 6,000 ETH was activated at around 2 am today after being dormant for 8.9 years. The founder of Frax Finance said that the team has regained ownership of the official X account and said that the account theft was an internal event of X. In addition, Orderly Network launched a trading points airdrop event, and participating users may receive additional airdrops from cooperative projects. Recent market data shows that Grayscale GBTC held more than 285,100 BTC as of June 7, a decrease of about 545 from the previous day; Binance ETH contract open positions were US$5.81 billion, a 24-hour drop of 4.39%. The overall market is volatile and investors need to be cautious.
Cosmos (ATOM) is poised for a significant breakout, potentially rising 70%, according to technical indicators. Currently consolidating between $7.25 and $9.40, ATOM shows strong support around $8.00. Analysts are optimistic about a bullish breakout from this range, driven by positive market sentiment and technical signals like the RSI and MACD. If ATOM maintains above $8.00, it could target $12.00 and $14.30. Conversely, failing to hold this level might lead to further declines. #Cosmos #ATOM #Crypto
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Starknet has announced plans to expand Bitcoin using its Ethereum scalability features in 2024. Their roadmap includes becoming the Layer 2 solution with the highest TPS capacity and reducing DA costs through multiple stack-level optimizations. Additionally, Starknet aims to enhance Bitcoin and Ethereum scalability without creating new layers or exclusive tokens for Bitcoin. The STRK token will support security, governance, and ecosystem functions. #Starknet #Bitcoin #Scalability
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Ethereum developers have confirmed that the Pectra upgrade will include several key Ethereum Improvement Proposals (EIPs), notably EIP-7702, PeerDAS (EIP-7594), and MaxEB (EIP-7251). These upgrades aim to enhance account abstraction, optimize Layer 2 scalability, and increase validator staking limits to 2,048 ETH. Scheduled for the first quarter of 2025, Pectra follows the successful Dencun upgrade and marks a significant milestone in Ethereum's development roadmap. #Ethereum #Pectra #EIP
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Ethereum's upcoming Pectra update, slated for Q1 2025, includes significant enhancements like EIP-7702 for account abstraction and EIP-7594 for rollup scalability. This major upgrade aims to improve user experience and network efficiency. Vitalik Buterin's EIP-7702 allows Ethereum addresses to temporarily function as smart contract wallets, while EIP-7594 focuses on optimizing layer 2 solutions. Additionally, the update will raise the maximum staking balance per validator to 2,048 ETH. These changes are expected to enhance the network's overall performance and scalability. #Ethereum #PectraUpdate
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Anthony Scaramucci, CEO of SkyBridge Capital, suggested that GameStop should invest in Bitcoin amid recent stock volatility. GameStop's stock surged 130% before dropping 55%, influenced by meme trading trends. The company plans to sell 75 million additional shares, causing further price decline. Scaramucci's advice comes as the crypto community closely watches GameStop's financial moves. #GameStop #Bitcoin #AnthonyScaramucci
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According to the latest news, the Cryptocurrency Open Patent Alliance (COPA) requires Craig Wright to bear 85% of the legal fees. Russia expects to use CBDC for international transactions in the second half of 2025, while in the same period, Bloomberg reported that Bakkt, a cryptocurrency custody and trading company, is considering selling or splitting. Trump calls himself the "cryptocurrency president", which has attracted market attention. The overall market is in a downward trend. BNB fell below $660, triggering a $249 million liquidation across the network. BTC fell below 69,000 USDT and then rebounded. ETH fell to 3,650 USDT, with a 24-hour drop of 4.63%. JPMorgan Chase postponed the Fed's first rate cut expectations to November, and Roaring Kitty began live broadcasting to evaluate the decline in GameStop's stock price. A giant whale address purchased 135 million GME and made a profit of $618,000. On June 7, there were nine Bitcoin ETFs in the United States, holding a total of 3,689 Bitcoins. In summary, the market is showing a volatile downward trend, and investors need to be cautious.
Genuine Labs has submitted a major proposal to manage Terra Classic's core development, aiming to reach a $1 price for LUNC. This includes managing the classic-terra/core repository, conducting code reviews, merging PRs, and maintaining the repository. The team has completed KYC and plans to charge $10,000 monthly for their services. Currently, LUNC is priced at $0.0001215. Analysts believe recent upgrades and burn plans could boost its value. #TerraClassic #LUNC #Crypto
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JasmyCoin (JASMY) has surged 15% in the past 24 hours, reaching $0.04401. This rise is supported by bullish technical indicators, such as strong support at $0.03518 and positive RSI trends. Analysts predict further gains if JASMY can maintain momentum above key resistance levels. Additionally, the new AI meme coin, WienerAI, is gaining attention, having raised nearly $5 million, combining AI trading features with meme coin appeal. #JasmyCoin #Crypto
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Bitcoin's rising correlation with the Nasdaq 100 index suggests that gains in the stock market could benefit Bitcoin. This growing connection reflects Bitcoin's integration into mainstream financial markets. As traditional equities rise, Bitcoin might see increased institutional investment, further solidifying its position as a major asset class. Analysts believe this trend could drive Bitcoin's price higher, aligning with broader market performance. #Bitcoin #Nasdaq #CryptoMarket
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Mantle's Total Value Locked (TVL) has surged to an all-time high of $465.22 million, a nearly fourfold increase since the beginning of 2024. Analysts are optimistic about Mantle's potential, predicting a 100% price increase if it can break out of its current consolidation phase. Recent data shows Mantle's price at $1.028 with a market cap of $3.392 billion. Technical indicators, including a bullish RSI and MACD, suggest a strong market momentum. #Mantle #Crypto #TVL
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Litecoin (LTC) has achieved a milestone with over 250 million transactions. Known as "digital silver," Litecoin was created by Charlie Lee in 2011 as a lighter alternative to Bitcoin, offering faster transaction confirmations and lower fees. This has made it popular for everyday transactions and small payments. Litecoin's integration with numerous payment processors worldwide and its usage for over 133,000 payments on BitPay highlight its growing adoption. The recent Core 0.21.3 update further enhances its blockchain. #Litecoin #CryptoMilestone
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Polkadot (DOT) is currently trading at $7.20, facing strong resistance at $7.50. To break this level, it needs to overcome the 200-day SMA at $7.50 and the 20-day SMA at $7.20. Support levels are at $7.00 and $6.40. A breakthrough of $7.50 could push DOT to $8.00, while failure could see it fall back to $7.00 or $6.40. Recent price movements show volatility but maintaining above $7.00 indicates potential upward movement. #Polkadot #CryptoAnalysis
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Turn $10 to $500 On Binance: New Crypto Arbitrage Strategy - Earn $20 In Minutes!
A few days ago, a profitable method on CoinMarketCap was shared. There's always a profit to be made with the right strategies. Hereโs a step-by-step guide to help maximize earnings using Cyber Coin on Binance.
Search Cyber Coin: Go to CoinMarketCap and look for Cyber Coin.
Market Comparison: Check the different exchanges selling Cyber. Notice the price differences.
Buy Low, Sell High: On Binance, buy Cyber with USDT at a lower price.
Sell on Binance: Sell Cyber on a different pair for a higher price. Example: Buy Cyber/USDT at $6.12 and sell Cyber/TRY at $6.29.
Conversion: Convert the Turkish Lira back to USDT.
Steps in Detail:
Open Binance: Ensure you have capital. Start with as little as $10, but more capital means more profit.
Buy Cyber: Buy Cyber/USDT. For example, $1,000 will give approximately 163.23 Cyber.
Sell Cyber: Sell Cyber for TRY. Note the amounts and set your sell limit higher than the current selling price.
Swap Back to USDT: Convert TRY back to USDT. Ensure the exchange rate is profitable.
Important Tips:
Speed Matters: Be quick to catch the price differences.
Monitor Prices: Profits can fluctuate. Always check current rates before trading.
Simulation: Always simulate trades to ensure profitability.
Stay tuned for more crypto insights! ๐ Generous contributions support the mission, enabling diligent work to provide the best investment advice. Tips are instrumental in enhancing efforts to serve better.
Disclaimer: This strategy involves risks. Ensure to understand the market dynamics before investing. Happy trading!
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