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Macro news
#binance #bitcoin #ETH #Web3
This week, you will need to pay attention to some of the following news:
On Tuesday (July 2), at 8:30 p.m., Fed Chairman Jerome Powell will give a speech. As usual, this will be notable news as it partly reflects the Fed's comments and stance on interest rate policy in the near future.
Wednesday (July 3), at 7:30 p.m. will be the Unemployment Benefit Requests data. If the published data is higher than expected, it will be considered negative news for the USD and vice versa.
On Friday (July 5), at 7:30 p.m., there will be non-agricultural payroll news. If actual figures are higher than forecasts, it will be considered positive for the USD and vice versa.
#binance #bitcoin #ETH #Web3
This week, you will need to pay attention to some of the following news:
On Tuesday (July 2), at 8:30 p.m., Fed Chairman Jerome Powell will give a speech. As usual, this will be notable news as it partly reflects the Fed's comments and stance on interest rate policy in the near future.
Wednesday (July 3), at 7:30 p.m. will be the Unemployment Benefit Requests data. If the published data is higher than expected, it will be considered negative news for the USD and vice versa.
On Friday (July 5), at 7:30 p.m., there will be non-agricultural payroll news. If actual figures are higher than forecasts, it will be considered positive for the USD and vice versa.
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Predict when the first XRP ETF will launch
#
Following the expected launch of the Ethereum ETF, there is much speculation as to which digital asset will receive the ETF next. Several companies have submitted applications for ETFs based on Solana SOL. Besides SOL, Ripple's XRP is speculated to have its own ETF.
The President of Ripple, Monica Long, in a recent interview shared her thoughts on the future roadmap and price trajectory of XRP. Amid the ETF craze, Long shared that launching an XRP ETF would make sense, given XRP's immense momentum and community support.
Following the expected launch of the Ethereum ETF, there is much speculation as to which digital asset will receive the ETF next. Several companies have submitted applications for ETFs based on Solana SOL. Besides SOL, Ripple's XRP is speculated to have its own ETF.
The President of Ripple, Monica Long, in a recent interview shared her thoughts on the future roadmap and price trajectory of XRP. Amid the ETF craze, Long shared that launching an XRP ETF would make sense, given XRP's immense momentum and community support.
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Former Goldman Sachs CEO predicts Solana will explode
In a recent video update, Raoul Pal, co-founder of Real Vision and CEO of Global Macro Investor, took a deep dive into the current state and future prospects of Solana (SOL) and the cryptocurrency market more extensive.
Here, we summarize his key insights and predictions.
Raoul Pal begins by reflecting on Solana's recent price movements, noting that despite significant volatility, the asset has shown resilience. He highlighted two key developments that have reinforced his confidence in Solana:
Here, we summarize his key insights and predictions.
Raoul Pal begins by reflecting on Solana's recent price movements, noting that despite significant volatility, the asset has shown resilience. He highlighted two key developments that have reinforced his confidence in Solana:
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List of 11 cryptocurrencies included in the risk category by Binance
Recently, Binance has put the following 11 cryptocurrencies in the Monitoring Tag risk category. Investors who are trading these currencies should take note.
List of cryptocurrencies listed as risky by Binance:
Balancer (BAL)
Cortex (CTXC)
PowerPool (CVP)
Convex Finance (CVX)
Dock (DOCK)
Kava Lend (HARD)
IRISnet (IRIS)
MovieBloc (MBL)
Polka starter (POLS)
Status (SNT)
Sun (SUN)
Tokens in the “Risk Monitoring Tag” are highly volatile tokens and have significantly higher risk than other listed tokens on the exchange. Tokens in this category will be monitored more closely, and Binance will have regular reviews of these tokens.
List of cryptocurrencies listed as risky by Binance:
Balancer (BAL)
Cortex (CTXC)
PowerPool (CVP)
Convex Finance (CVX)
Dock (DOCK)
Kava Lend (HARD)
IRISnet (IRIS)
MovieBloc (MBL)
Polka starter (POLS)
Status (SNT)
Sun (SUN)
Tokens in the “Risk Monitoring Tag” are highly volatile tokens and have significantly higher risk than other listed tokens on the exchange. Tokens in this category will be monitored more closely, and Binance will have regular reviews of these tokens.
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XRP price is set to increase
XRP price recovered again
The XRP price remained stable above the $0.4620 support level and recently started a decent bullish move like Bitcoin and Ethereum. The bulls were able to push the price above $0.470 to push the price into the short-term bullish zone.
There was a breakout above a key narrowing triangle with resistance at $0.4735 on the hourly chart of the XRP/USD pair.
The pair even cleared the 0.4750 resistance area and the 100 Hourly Simple Moving Average. A high was formed at $0.4796 and the price is currently consolidating losses.
The XRP price remained stable above the $0.4620 support level and recently started a decent bullish move like Bitcoin and Ethereum. The bulls were able to push the price above $0.470 to push the price into the short-term bullish zone.
There was a breakout above a key narrowing triangle with resistance at $0.4735 on the hourly chart of the XRP/USD pair.
The pair even cleared the 0.4750 resistance area and the 100 Hourly Simple Moving Average. A high was formed at $0.4796 and the price is currently consolidating losses.
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Solana ETF could push SOL price to $1,300
Solana (SOL) is set for a price boom following reports of an exchange-traded fund (ETF) coming soon, but the approval of spot ETFs could send prices soaring.
According to a report by crypto market maker GSR Markets, Solana is next in line to receive multiple ETF products following the success of Bitcoin (BTC) and Ethereum (ETH).
As reported by GSR, Solana has several positives to receive approval from the US Securities and Exchange Commission (SEC).
According to a report by crypto market maker GSR Markets, Solana is next in line to receive multiple ETF products following the success of Bitcoin (BTC) and Ethereum (ETH).
As reported by GSR, Solana has several positives to receive approval from the US Securities and Exchange Commission (SEC).
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Ripple (XRP) Price Prediction: Whales Will Stop the Price Drop
The price of Ripple (XRP) has continuously disappointed investors, with the altcoin recording a decline since the beginning of the month. Moving forward, this crypto asset could experience a period of consolidation as investors give mixed signals.
Ripple Investors Seem to Be Hesitating
XRP price is recording mixed signs as whales attempt to kickstart a recovery while retail investors continue to retreat. Addresses holding between 1 million and 10 million XRP have purchased over 100 million XRP in the past 48 hours.
Ripple Investors Seem to Be Hesitating
XRP price is recording mixed signs as whales attempt to kickstart a recovery while retail investors continue to retreat. Addresses holding between 1 million and 10 million XRP have purchased over 100 million XRP in the past 48 hours.
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Ethereum Spot ETFs are scheduled to launch on July 4
The US Securities and Exchange Commission (SEC) is preparing to approve several Ethereum Spot ETFs expected on July 4. This advancement follows final discussions with leading asset managers such as BlackRock and Grayscale Investments.
The launch of these Ethereum Spot ETFs marks an important milestone in the maturation of the cryptocurrency market and mainstream investor acceptance. While the initial reaction and long-term performance of these ETFs remains speculative, strategic initiatives from leading asset managers show strong belief in the potential of Ethereum.
The launch of these Ethereum Spot ETFs marks an important milestone in the maturation of the cryptocurrency market and mainstream investor acceptance. While the initial reaction and long-term performance of these ETFs remains speculative, strategic initiatives from leading asset managers show strong belief in the potential of Ethereum.
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Notcoin burned $3 million worth of NOT tokens
Notcoin, the popular Telegram game, burned $3 million worth of NOT tokens in a strategic move to increase scarcity and value.
This initiative aims to reward active users and strengthen the economic environment of the Notcoin community.
To increase the value of the remaining tokens, Not is burning unclaimed tokens and reducing the circulating supply.
Along with the burn, Notcoin will distribute 5 million USD worth of tokens as bonuses to loyal community members, especially those operating at Gold and Platinum levels in Notcoin Explore.
This initiative aims to reward active users and strengthen the economic environment of the Notcoin community.
To increase the value of the remaining tokens, Not is burning unclaimed tokens and reducing the circulating supply.
Along with the burn, Notcoin will distribute 5 million USD worth of tokens as bonuses to loyal community members, especially those operating at Gold and Platinum levels in Notcoin Explore.
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AI predicts ETH price on July 1st
$ETH
Ethereum [ETH] has been in the spotlight lately, especially as ETH exchange-traded funds [ETFs] get ready to launch. Although these launches generated a lot of buzz, ETH struggled to increase in price.
Over the past 30 days, this altcoin is down more than 12%. Most assets, including ETH, posted gains earlier today. ETH rose to a high of $3,418. But at the time of writing, it had fallen to a low of $3,355.39 after a daily decline of 1.84%.
Ethereum [ETH] has been in the spotlight lately, especially as ETH exchange-traded funds [ETFs] get ready to launch. Although these launches generated a lot of buzz, ETH struggled to increase in price.
Over the past 30 days, this altcoin is down more than 12%. Most assets, including ETH, posted gains earlier today. ETH rose to a high of $3,418. But at the time of writing, it had fallen to a low of $3,355.39 after a daily decline of 1.84%.
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Will XRP price drop to $0.28 before rallying
XRP price recently showed small signs of recovery in a market still dominated by bearish bias, briefly rising to a 24-hour high of $0.48 after falling to $0.46 yesterday.
At the time of writing, XRP price stood at $0.4738, marking a modest increase of 0.3% over the past day. This slight increase comes amid a general market downturn, showing XRP's resilience in a volatile environment.
At the time of writing, XRP price stood at $0.4738, marking a modest increase of 0.3% over the past day. This slight increase comes amid a general market downturn, showing XRP's resilience in a volatile environment.
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Shiba Inu whales and PEPE deposit 1.8 trillion tokens into Binance
$PEPE
The Shiba Inu and PEPE whales have begun to move in a market that is currently shaken with uncertainty.
This time, these prominent investors are sending large amounts of tokens to centralized exchanges like Binance, suggesting that they may be considering dumping meme coins.
Such a move would put undue pressure on both Shiba Inu and PEPE prices at a time when they are struggling to find their footing.
The Shiba Inu and PEPE whales have begun to move in a market that is currently shaken with uncertainty.
This time, these prominent investors are sending large amounts of tokens to centralized exchanges like Binance, suggesting that they may be considering dumping meme coins.
Such a move would put undue pressure on both Shiba Inu and PEPE prices at a time when they are struggling to find their footing.
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AI predicts SHIB price on June 30
Shiba Inu (SHIB) has seen a major price correction over the past few days. Some AI (artificial intelligence) powered platforms predict this asset will soon regain growth momentum.
According to PricePredictions, SHIB price could rise to $0.000029 by June 30, 2024. Reaching $0.000029 from current levels would require an increase of about 65.8%.
Analysts at CoinCodex predict SHIB to reach $0.00003238 by June 30, 2024. Reaching $0.00003238 from current levels would require an increase of more than 85%.
According to PricePredictions, SHIB price could rise to $0.000029 by June 30, 2024. Reaching $0.000029 from current levels would require an increase of about 65.8%.
Analysts at CoinCodex predict SHIB to reach $0.00003238 by June 30, 2024. Reaching $0.00003238 from current levels would require an increase of more than 85%.
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Discover the leading Web3 wallet of the decentralized Internet era
Cryptocurrency wallet
Explore the world of Web 3.0 with our comprehensive guide to the top web 3.0 wallets. Answering what web 3.0 wallets are, their uses, main features and how to create a wallet. Find out the future of internet trading today.
Web 3.0 or web3 promises to bring a new way of creating and consuming content on the internet and you must have seen this term used in some circles. The decentralized web, powered by blockchain technology and cryptocurrencies, offers greater transparency, privacy, security, and unique monetization opportunities. To enter the world of web3, start with a web3 wallet.
Explore the world of Web 3.0 with our comprehensive guide to the top web 3.0 wallets. Answering what web 3.0 wallets are, their uses, main features and how to create a wallet. Find out the future of internet trading today.
Web 3.0 or web3 promises to bring a new way of creating and consuming content on the internet and you must have seen this term used in some circles. The decentralized web, powered by blockchain technology and cryptocurrencies, offers greater transparency, privacy, security, and unique monetization opportunities. To enter the world of web3, start with a web3 wallet.
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Ripple and SEC lawsuit update June 24
It goes without saying that the dispute between the U.S. Securities and Exchange Commission and Ripple Labs over whether XRP should be considered a security is one that will likely have consequences for the entire industry.
The case has been going on for many years and is currently in the trial phase. Below are the most important developments to date.
Trouble at the SEC?
As recently reported, the Director of the Commission's Electronics and Cryptoassets Unit – David Hirsh – recently resigned.
The case has been going on for many years and is currently in the trial phase. Below are the most important developments to date.
Trouble at the SEC?
As recently reported, the Director of the Commission's Electronics and Cryptoassets Unit – David Hirsh – recently resigned.
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Bitcoin prepares for a strong recovery with news of Stablecoin, NFT, DOGE, SHIB
$DOGE
$SHIB
From the opinion that Bitcoin's recovery could happen soon to the Shiba Inu is about to reach an important reversal point. Here are some outstanding news in the crypto market.
Bitcoin News
Analyst Willy Woo recently explained what needs to happen for Bitcoin to continue its bull run.
This leading asset has been in decline for some time and has not seen any growth since reaching its current ATH of $73,750 in March this year.
$SHIB
From the opinion that Bitcoin's recovery could happen soon to the Shiba Inu is about to reach an important reversal point. Here are some outstanding news in the crypto market.
Bitcoin News
Analyst Willy Woo recently explained what needs to happen for Bitcoin to continue its bull run.
This leading asset has been in decline for some time and has not seen any growth since reaching its current ATH of $73,750 in March this year.
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One analyst has predicted that crypto payments company Ripple could be a highly valuable company
One analyst has predicted crypto payments company Ripple could be the next most valuable company, similar to Amazon and Facebook.
This prediction comes as XRP has underperformed amid market volatility and the Ripple – US Securities and Exchange Commission (SEC) lawsuit remains unresolved.
Analyst predicts Ripple will be a billion-dollar startup
YouTube host AllinCrypto has released a new video, highlighting Ripple's future prospects and its ability to become a billion-dollar company. The analyst expressed his belief that the United States will view Ripple as a “unicorn company” similar to e-commerce and technology giants such as Amazon, Apple, Facebook, Microsoft.
This prediction comes as XRP has underperformed amid market volatility and the Ripple – US Securities and Exchange Commission (SEC) lawsuit remains unresolved.
Analyst predicts Ripple will be a billion-dollar startup
YouTube host AllinCrypto has released a new video, highlighting Ripple's future prospects and its ability to become a billion-dollar company. The analyst expressed his belief that the United States will view Ripple as a “unicorn company” similar to e-commerce and technology giants such as Amazon, Apple, Facebook, Microsoft.
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Pepe Unchained caused a stir by becoming the world's first Layer 2 meme coin
$PEPE
Pepe Unchained causes fever by becoming the world's first Layer 2 meme coin - Is this a challenge for Pepe?
Pepe Unchained ($PEPU) has created a new meme coin “fever”.
Not just a regular meme coin, Pepe Unchained is also the world's first Layer 2 meme coin, aiming to bring a breakthrough ecosystem for meme coins.
Going beyond conventional meme coin models, this token brings improvements such as reducing costs and transaction times, providing better trading experiences.
Pepe Unchained causes fever by becoming the world's first Layer 2 meme coin - Is this a challenge for Pepe?
Pepe Unchained ($PEPU) has created a new meme coin “fever”.
Not just a regular meme coin, Pepe Unchained is also the world's first Layer 2 meme coin, aiming to bring a breakthrough ecosystem for meme coins.
Going beyond conventional meme coin models, this token brings improvements such as reducing costs and transaction times, providing better trading experiences.
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News week June 17-23: Bitcoin plummets to nearly $64,000 – US SEC ends investigation of Ethereum 2
According to Korean media, exchanges will examine 600 listed tokens after the virtual assets law takes effect next month. This panic caused the prices of many altcoins to plummet.
Selling pressure from Altcoins also caused Bitcoin to plummet, hitting a local bottom around $63,379 on June 21. The market also closed five consecutive days in the red and is currently trading just above $64,000.
Selling pressure from Altcoins also caused Bitcoin to plummet, hitting a local bottom around $63,379 on June 21. The market also closed five consecutive days in the red and is currently trading just above $64,000.
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Binance exchange announced that this Altcoin will support network upgrades
#MTL
The world's leading exchange Binance has announced support for the Metal DAO (MTL) mainnet transition in the near future.
The Binance exchange has announced support for the Metal DAO (MTL) mainnet transition in the near future. To facilitate this transition, all deposits and withdrawals of the old MTL token will be suspended starting 09:00 June 24, 2024 (UTC).
Additionally, spot trading, margin trading, futures trading, and Binance Earn services will not be affected during the mainnet transition. Binance will manage all technical requirements of the token conversion process on behalf of users.
This event will swap all old MTL tokens into new MTL tokens at a 1:1 ratio. After the swap, deposits and withdrawals of old MTL tokens will no longer be supported.
Once the swap is complete, Binance will publish a separate notice to users regarding when new MTL tokens can be deposited and withdrawn. Users can refer to the project team's official channels for more details.
This mainnet swap is a significant upgrade for Metal DAO, and Binance's support ensures a smooth transition for all users involved
$MTL
#MTL
The world's leading exchange Binance has announced support for the Metal DAO (MTL) mainnet transition in the near future.
The Binance exchange has announced support for the Metal DAO (MTL) mainnet transition in the near future. To facilitate this transition, all deposits and withdrawals of the old MTL token will be suspended starting 09:00 June 24, 2024 (UTC).
Additionally, spot trading, margin trading, futures trading, and Binance Earn services will not be affected during the mainnet transition. Binance will manage all technical requirements of the token conversion process on behalf of users.
This event will swap all old MTL tokens into new MTL tokens at a 1:1 ratio. After the swap, deposits and withdrawals of old MTL tokens will no longer be supported.
Once the swap is complete, Binance will publish a separate notice to users regarding when new MTL tokens can be deposited and withdrawn. Users can refer to the project team's official channels for more details.
This mainnet swap is a significant upgrade for Metal DAO, and Binance's support ensures a smooth transition for all users involved
$MTL
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BinanceTurns7
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#BinanceTurns7 Come celebrate 7 years of Binance with us to unlock digital badges and win some exclusive 7YA swag!
Task 1: Share Your Binance Birthday Wishes to Unlock the Basic 7YA Digital Badge
- Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period.
- Comment on this Binance Square official post with your Binance birthday wishes, and ensure that your post includes the #BinanceTurns7 hashtag to unlock the basic 7YA digital badge.
Task 2: Post Your Favorite Binance Memories to Unlock the Upgraded 7YA Digital Badge & Binance 7YA Merch
- Users who successfully complete Task 1 may receive an upgraded version of the 7YA Digital Badge by sharing their fondest memories with Binance in a new Binance Square post that mentions the #BinanceTurns7 hashtag during the Activity Period.
- On top of that, the top seven participants with the highest total number of engagements (i.e., likes, shares, comments, quotes) for a qualified post in Task 2 during the Activity Period, will each receive one set of Binance 7YA merch.
Terms and conditions:
- 7YA digital badges will appear next to the profiles of qualified participants within four working days after the promotion ends.
- Winners of 7YA merch will be notified via a push notification under Creator Center > Square Assistant, within four weeks after the promotion ends.
- Users should complete the required instructions within the timeframe stipulated in the push notification to successfully receive merch rewards. Please note that winners should provide a valid shipping address, and will be responsible for any taxes, if applicable.
- No refunds or cash equivalent value of the rewards will be granted.
Activity Period: 2024-07-05 12:00 (UTC) to 2024-07-10 11:59 (UTC)
Binance Square Official
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