The 55th project listed on Binance Launchpool was IO.NET (IO).

Leading cryptocurrency exchange Binance announced that its users can farm IO tokens by staking BNB and FDUSD. Binance will list IO after the farming period ends.

Farming period will start on June 7 and end on June 11 at 02:59 (UTC). #Binance will list IO token with the following trading pairs on June 12

🔸️IO/BTC
🔸️IO/USDT
🔸️IO/BNB
🔸️IO/FDUSD
🔸️ IO/TRY

#IO.NET , formerly known as ANTBIT, is a decentralized network that brings together GPUs in crypto miners, data centers, and decentralized storage providers, providing virtually unlimited computing power for AI and machine learning applications.

🧙‍♂️ Batch Inference and Model Presentation: Used to speed up the process of making inferences on incoming data sets.

🧙‍♂️ Parallel Training: Offers the ability to perform parallel processing by overcoming CPU/GPU memory limitations in model training.

🧙‍♂️ Parallel Hyperparameter Tuning: Optimizes hyperparameter tuning experiments.

🧙‍♂️ Reinforcement Learning: Supports production-grade, highly distributed RL workloads.

IO.NET collaborates with dedicated GPU providers and various partners to provide advanced GPU access for AI, machine learning, and gaming workloads. These business partners include companies such as Aethir, Exabits, Hiveon, Aurory.
#Binance55thProject(IO) #IOLAUNCHPOOL #IO

Bitcoin Bulls Expect Gains as Senator Warren Presses for Fed Rate Cuts

#SenatorElizabeth Warren is calling on the Federal Reserve to lower interest rates, a move that could have a significant benefit for the crypto market.

In an unexpected development, Senator Elizabeth Warren called on the Federal Reserve to reconsider its current interest rate policy. In a letter to Fed Chair #JeromePowell , Warren noted that the current 5.5% rate not only slows the economy but also contributes to persistent inflation levels running above 3%. This call was also signed by Senator Jacky Rosen.

The letter details that higher interest rates increase costs in key sectors such as home and auto insurance, which contribute greatly to the overall inflation rate. Citing a report from Bankcreek Capital Advisors, he argues that lowering interest rates would ease financial pressure on Americans and reduce their basic monthly expenses, especially housing costs.

This would be in line with other major economies that have recently lowered interest rates, such as the United States, Canada and the European Union. Additionally, they have lowered their rates in countries such as Sweden, Switzerland, Hungary and the Czech Republic.

As the Federal Reserve prepares for its upcoming interest rate decision, the crypto community is watching carefully. Traditionally, the Fed has indicated its intention to maintain high rates for an extended period of time. Following its last meeting, the Fed said it would not consider a rate cut unless there was more consistent evidence that inflation was moving more steadily toward the desired 2% level.

However, recent job growth and low unemployment rates provide a rationale for the Fed to maintain current rates. According to CME FedWatch, the market is 99% certain that there will be no change in rates at the June meeting. Interest rate cut speculations are shifting to later periods of the year, probably in September or November.
$BTC

Expert Opinion: These 4 Altcoins Could Make 10x-100x on Binance Listing!

You may be aware of the “Moon Effect” of Binance listings. Rocket Pool surged 433 percent after Binance listing. PEPE percent after Binance listing. It increased. In short, listing on Binance is a major event that gives the token price a bigger pump than bull markets. Once again, the exchange plans to list some low-mid cap altcoins. Crypto expert Lawrence Mike Woriji from the Altcoinbuzz team shares 4 altcoins with this potential.

Top candidate: Centrifuge (CFG)

If Binance is going to list a token, the project must have real foundations. And Centrifuge has it. This is an altcoin project that integrates real-world assets into DeFi. They offer on-chain management for debt facilities and capital structures.  Centrifuge is one of the first protocols to incorporate real-world assets into the Blockchain. Businesses' invoices, real estate loans, etc. It enables users to use crypto to finance real-world assets such as

Second ranked altcoin: Three Protocol (THREE)

Next up is Three Protocol. If you've been keeping up with things, you know that we're all about AI during this bull run. And Three Protocol is one of those projects for all the right reasons. They are building a world where anyone can sell online, without restrictions such as having a bank account. They have these decentralized marketplaces where they leverage artificial intelligence and smart contracts that we've never seen before.

We add Polytrade Finance (TRADE) to the list

One of the altcoins we follow closely is Polytrade. Because it is in the Real World Assets (RWA) sector. And it's making serious waves. Polytrade is a marketplace focused on diversification. They have about 20 different asset categories. This includes Real Estate and Stocks. And even tokenized versions of metals and even collectibles.
The last candidate altcoin for the Binance list: OriginTrail (TRAC)

Ethereum Whale Dumps $1.1 Billion, Triggers Bullish Sentiment and Altcoin Season Predictions.

An extraordinary and massive Ethereum transaction has stirred the crypto world. A mysterious wallet that has been collecting Ethereum since November 2018 made a massive sale totaling $1.1 billion through two separate 150,000 #ETH transactions. While the identity behind these transactions remains secret, it has sparked a wave of speculation and analysis among enthusiasts and analysts.

Despite this significant sell-off, the overall sentiment within the Ethereum market and the broader altcoin ecosystem is surprisingly positive. Prominent industry figures such as ParabolicPump state that Ethereum's current price dynamics point to larger market trends. According to ParabolicPump, Ethereum's current price trend indicates that the market is in a sustainable bull phase that has not yet reached its peak.
Despite a recent decline of 3.77% to $3,532.80, the long-term outlook remains promising. Analysts suggest that this temporary decline is a strategic move to eliminate weak holders from the market. As the bull cycle progresses, Ethereum is expected to reach new all-time highs not yet seen in this cycle. ParabolicPump and other analysts predict that #Ethereum could rise to $10,000; This inflection point will likely lead to increased retail investment and further development of the market.

Bullish predictions for #Ethereum are expanding as many experts predict significant price movements in the altcoin segment. This anticipated phase is popularly known as the “Altseason” and involves dramatic price increases across various altcoins, driven by the leading performance of major cryptocurrencies, especially Ethereum. Analysts suggest that the final phase of the bull cycle will see the most significant price increases for altcoins, promising lucrative opportunities for investors.
$ETH

HOT DEVELOPMENT: 8 Thousand Bitcoins (BTC), which have been dormant for 5 years, were transferred to the Stock Exchanges!

Recently, Look On-Chain, a successful on-chain data provider, made an important post on its official X/Twitter account. According to Look On-Chain experts, Bitcoins (BTC), which have not moved for years, have started to be transferred.
In their post on the subject, Look On-Chain analysts shared the following information about BTCs that have been inactive for more than 5 years:
A wallet that has been dormant for 5.5 years transferred 8 thousand #BTC (worth $ 535.64 million) to #Binance 40 minutes ago.

This cryptocurrency whale bought 8,000 BTC on December 6, 2018, when the Bitcoin price was $ 3,810. The giant whale, which seems to sell the #Bitcoins (BTC) it bought at $3,810 for $67,000, could even negatively affect the price of #Bitcoin if it sells BTC worth over $500 million.

Our readers should not forget that this crypto whale may have transferred BTC to Binance to scare small investors.
$BTC $ETH $BNB

Bitcoin Whales Make Big Moves: $1 Billion Added to BTC Wallets Amid High On-Chain Activity.

#Bitcoin whales, large players who hold significant amounts of BTC, have come to the fore by opening significant long positions on major crypto exchanges such as Bybit and HTX. These strategic positions were initiated at the critical price level of $69,000. This development is significant as whale activity often precedes major price movements in the crypto market and offers valuable clues to other investors.

In August 2023, #Bitcoin whales opened similarly large long positions, heralding a parabolic rise that saw BTC rise from $25,000 to over $73,000 in a matter of months. This pattern highlights the potential impact of whale activity on Bitcoin's market trends. This type of historical context is critical to understanding current market dynamics and predicting future movements.

CryptoQuant CEO Ki Young Ju emphasized that #Bitcoin is not overvalued when evaluated on network fundamentals. He cited the thermo cup ratio as evidence; This is an important metric that represents the weighted sum of coins mined by creation price. The thermo cap rate is calculated by dividing Bitcoin's market value by the thermo cap. This ratio helps investors evaluate the total cost of investment in the Bitcoin network, providing a clearer picture of the network's valuation.

Young Ju noted that Bitcoin's current market conditions are similar to the situation four years ago, with #BTC consolidating for more than half a year with increased on-chain activity. Recently, $1 billion worth of BTC was added to whales' wallets, mostly directed to cold storage. This indicates out-of-market accumulation by large investors, which is often interpreted as a bullish signal. The CEO draws a parallel to mid-2020, when Bitcoin was trading around $10,000 and high on-chain activity was attributed to OTC settlements. This similarity suggests that current accumulation may result in significant price movements.
$BTC

🚨 The most popular DeFi coins of the day by social activity.
$SOL $LINK $INJ

Binance Labs Announces Latest Altcoin Investment! Worker Chose This Project for Ethereum Scaling!

Binance Labs, the $10 billion venture capital arm of giant cryptocurrency exchange Binance, announced an undisclosed investment in Ethereum Layer 2 network developer Zircuit. Zircuit is known for its innovative zero-knowledge (ZK) collection technology and offers “AI-enabled sequencer-level security.” This investment aims to support the growth of Zircuit and the further development of its network as it prepares for its mainnet launch this summer.

Zircuit is an Ethereum Virtual Machine (EVM) compatible ZK rollup and sits alongside projects like ZKsync, Scroll and Linea. What sets Zircuit apart is its focus on sequencer-level security, a feature highlighted by Martin Derka, the project's co-founder and a former executive at Quantstamp.

In traditional Blockchain systems, block proposers prioritize transactions based on availability. In contrast, Zircuit's sequencer uses artificial intelligence to examine transactions before they are included in blocks, identifying and isolating potential attacks.

The primary purpose of this sequencer-level security is to prevent hacks and other attacks, thus providing a safer environment for developers and users. Derka explained that transactions identified as hacks are quarantined and not included in blocks, thus ensuring a safe transaction process within the Zircuit ecosystem.

Founded in mid-2022, Zircuit is currently in the test network phase. The testnet was launched at the DevConnect 2023 event held in Istanbul last November, and the mainnet is expected to go live in the coming months. Although still in the testnet phase, Zircuit has already attracted a lot of attention with claims of over $3.5 billion in staked assets.

The “Build to Earn” program received more than 1,100 applications, and the project has established partnerships with many notable organizations, including #Ethena , #Renzo , Ether.fi, #KelpDAO , #Elixir , #Ambient , Pendle and LayerZero.
$BTC $ETH

Lykke Hack: 22 Million Dollars of Bitcoin and Altcoins Stolen, Transactions Suspended.

UK-based cryptocurrency exchange Lykke stopped its operations after detecting a security vulnerability. The attack, discovered by cyber security analyst SomaXBT, caused a loss of 22 million dollars as a result of unauthorized access. Blockchain analysis revealed that the stolen assets included large amounts of Bitcoin, #Ether , #Litecoin , #Bitcoin Cash and other altcoins. In an advanced laundering maneuver, the stolen Ether was converted into a stablecoin called DAI through various accounts.

Regulators and community members responded quickly to Lykke's announcement. Although the exchange assured customer funds were safe, it noted that there were discrepancies in some account balances. #CEO Richard Olsen acknowledged the security vulnerability in his statement to users and emphasized that this incident would be thoroughly investigated. “Lykke is an institution with well-capitalized and diversified operations. Your funds are safe,” Olsen assured.
This incident in Lykke once again revealed the ongoing security vulnerabilities in the cryptocurrency industry. Just a few weeks ago, another exchange, DMM Bitcoin, reported losing $320 million in a hack. Similarly, #DeFi platform UwU Lend Protocol recently suffered a $19.3 million security breach. Such incidents urgently highlight the need for increased security mechanisms across digital platforms. Experts say stricter security protocols and increased regulatory oversight are essential to protect investor assets.

The Lykke hack incident once again demonstrated the critical importance of robust security measures in the cryptocurrency industry. Investors and stakeholders should demand higher security standards from exchanges, and regulators should examine these platforms more carefully. As the industry grows, ensuring the security and reliability of crypto exchanges will continue to be of utmost importance.
$BTC $LTC $ETH

🧙‍♂️ The most profitable cryptocurrencies of the day.

🧙‍♂️ Crypto projects with the highest staking rate.
$SUI $APT $ICP

Introducing Randy Charach, our New Head of Film Development

"I love how Mogul is a crypto based crowdfunding platform for film; among other things. It combines elements of show and business that greatly appeal to me."

Read Randy's full Q&A: https://mogulproductions.com/post/randy-charach-mogul-head-of-film-development-qa/

Also set your reminders for Mogul Live tonight with
@randycharach and @James_Pratt7 👇

https://x.com/i/spaces/1BdxYrydzrvKX

Yoyodex:
🚨 In a statement, ICBC, the world's largest bank, pointed out that Bitcoin has scarcity like gold.

🚨 The merger of SingularityNET, Fetch ai and Ocean Protocol has been postponed until July 15.

Attention Shiba Inu (SHIB) investors: Will it go up?

The recent decline in the market has hurt the prices of leading crypto assets, including Shiba Inu (SHIB). At its current level of $0.00002220, the dog-themed memecoin is down 1.42 percent on monthly charts, 6.6 percent in the last seven days, and 3.47 percent in the last 24 hours.

The massive crash also impacted three key metrics related to SHIB, including burn rate, Shibarium daily transaction count, and whale adoption trends. It is of great importance to follow these elements as they can determine SHIB's price movement this week.

As of yesterday, the Shiba Inu burn rate dropped 74.5 percent in a 24-hour period, with only 271,470 SHIBs burned. The amount burned on June 10 is not enough to positively affect the price of Shiba Inu, whose market value is 13.08 billion dollars.

However, #SHIB burns gained momentum earlier today, with the burn rate increasing by 2,814 percent in the last 24 hours. This represents a daily SHIB burn of 7,912,388 (7.91 million) worth $175 at the current exchange rate.

Another important trend to watch is Shibarium's total number of transactions. In particular, Shibarium's adoption rate has dropped significantly due to the recent market downturn. Latest data shows that Shibarium adoption rate continues to drop to lower levels. Shibarium's total number of transactions, which was 8,780 on June 5, is currently around 4,360.
While these measurements may raise concerns among investors, the upside is that they could pave the way for a potential reversal in #SHIB price before this weekend. Interestingly, new investors may see this as an opportunity to purchase SHIB at discounted prices, potentially paving the way for a resurgence of interest among whales
Additionally, leading crypto exchanges including Coinbase and Robinhood have been shuffling a large amount of SHIB tokens in the last 24 hours. As previously reported, these two trading platforms moved 9.6 trillion SHIB in one day; This corresponds to 1.62 percent of the circulating supply of #ShibaInu .
$BTC $SHIB

🚨A total of more than $ 946 million has been liquidated on cryptocurrency exchanges in the last 7 days.

•Long positions account for $687 million of the liquidations.

🚨US Stock Exchanges Opened.

S&P500: -0.25%
Nasdaq: -0.19%
Dow Jones: -0.39%

MetaMask Launches Pool-Based Staking Service to Democratize Ethereum Participation.

Staking plays a vital role in securing the #Ethereum network by ensuring the accuracy and integrity of transaction verifications. Under the Proof of Stake system, validators are rewarded for their efforts but also face penalties for any discrepancies. MetaMask's new pool-based staking service allows users to collectively stake smaller amounts of ETH, breaking traditional barriers and making staking more accessible to everyone in the Ethereum ecosystem.

Despite its promising features, MetaMask's staking service is not available to users in the United States and the United Kingdom. This access restriction is largely due to regulatory limitations. In the US, the Securities and Exchange Commission (#SEC ) has imposed strict regulations on crypto staking, resulting in fines and limitations for companies like Kraken and Coinbase. Meanwhile, the UK is still establishing regulations regarding crypto staking and stablecoins, with new guidelines expected soon.

MetaMask's entry into the staking space pits it against established platforms such as Lido and Coinbase. Lido, which has a large market share, offers liquid staking options that allow users to use their staked assets in the broader decentralized finance (#DeFi ) space. Despite regulatory hurdles, Coinbase maintains a strong presence in the staking services market. MetaMask's new offering promises more innovation for both users and the Ethereum network.

This new staking service from #MetaMask represents a significant advancement despite regulatory limitations in certain key markets. Matthieu Saint Olive from Consensys, the company to which MetaMask is affiliated, emphasizes that the service combines security with flexibility, allowing users to actively participate in staking while managing their ETH. Overall, MetaMask's initiative could be a turning point in terms of Ethereum's stability and user inclusivity.
$ETH

🧙‍♂️ More than 30 validators were kicked out of the Solana Foundation delegate program due to sandwich attacks.

Another company joined the spot Ethereum ETF race in the USA.

Asset management company ProShares has become the latest company to file a spot Ethereum ETF issuance with the US Securities and Exchange Commission (SEC).

Following ProShares' issuance request, NYSE Arca's application for a rule change to list these products was also accepted by the SEC. In the next period, the regulatory body will initiate the public feedback process, and this process will last 21 days, and the application is expected to be finalized by the end of July.

However, even if the SEC accepts the application, described as form 19b-4, ProShares' ETH ETF will await approval for the transaction in the same way as other applications approved in May. On the other hand, in the latest developments regarding Ethereum ETFs, Ark Invest and 21Shares terminated their partnership regarding the #Ethereum ETF and withdrew their application. 21Shares then made its own application.

Bloomberg #ETF Analyst James Seyffart welcomed ProShares' ETH ETF application and the SEC's quick action on this application. It was interpreted as a remarkable detail that ProShares, which launched the first forward Bitcoin ETFs, bypassed the spot Bitcoin ETFs and turned to Ethereum.
Experts think ProShares' #Ethereum ETF could be approved at the same time as other applications. It is thought that the increase in the number of applications with important companies such as ProShares may be effective in the approval coming sooner than expected.
$BTC $ETH

💫ZKsync will distribute 3.6 billion ZK tokens as an Airdrop next week.

💫Billionaire Mark Cuban believes cryptocurrencies will affect the 2024 US presidential race.

🧙‍♂️On June 10, spot #Bitcoin ETFs recorded an outflow of $61 million.

•This was the first day of departure after 19 consecutive days of entry.

•Grayscale's #Bitcoin ETF experienced a $39 million outflow.

•BlackRock's #BitcoinETF saw inflows of $6 million.