Analysis $PEPE June 18: Potential risk of sell-off from investors

The price of $PEPE is still holding above the critical support level of 0.000011 USD, but is facing the risk of a deeper decline. This is due to the continuous outflow of money from assets, indicating a decline in confidence.

This can be seen through the Chaikin Money Flow (CMF) index. This is a technical analysis indicator that measures buying and selling pressure over a certain period of time. It uses volume and price data to evaluate the strength of market trends, helping traders identify potential reversal points and confirm trends. The index is currently at its lowest level in two months, suggesting selling pressure is increasing.

The price of $PEPE , which is trading at 0.00001150USD, appears to be bouncing from the support level of 0.00001146 USD. This is a positive development for this meme coin and its investors. However, their indecisiveness could derail this recovery process. Potential selling, as outlined above, could result in PEPE price losing this key support level and falling to $0.00001007.

Hamster Kombat Founder: There will be a second season and airdrop in the next two years
The Block, Sasha, founder of Hamster Kombat, a TON eco-game with over 250 million users, planned a second airdrop. He said: "The game will continue and there will be a second season and airdrops in the next two years. We think that these tokens will belong to millions of users around the world and that they themselves have great value." big."
To protect the integrity of the game, Sasha said they eventually plan to address bot implementation issues. Sasha Cheng: “We see people trying to flood bots and we will clean them up before going public. Notcoin was able to ban about 20% of bot accounts and we will try to do the same… Bot usage and referral fraud will happen. punished"
$BTC $ETH $BNB

German government "cannot sell" currency? BTC may have hit a local bottom

At the beginning of that day's trading session, the German government's address transferred more than 10,000 of its Bitcoin holdings to crypto exchanges and market makers in multiple batches. Bitcoin price once dropped below 55,000 USD. However, Arkham Intelligence data shows US stocks during the close. corresponding to approximately 01:56 a.m. Beijing time on Tuesday), the German government address received 2,898 Bitcoins returned from the exchange, equivalent to approximately $163 million, mainly from Coinbase, Kraken and Bitstamp.

Altcoins had mixed values, with the top 200 tokens by market capitalization seeing more declines than gains. Among them, aelf (ELF) led the increase, up 21.5%, trading at 0.421 USD, Celestia (TIA) and Curve DAO Token (CRV) increased by 14.5% and 10.1%, respectively.

$BTC $ETH $USDC

$BTC Market situation: Bitcoin has fallen below 60,000 US dollars.

PANews reported on June 25 that market prices indicate Bitcoin has dropped below $60,000 and is currently trading at $59,898.12, down 6.1% in 24 hours.
$BTC

Meme coins like Shiba Inu, Dogecoin Bottom of Domination

Over the past few days, the cryptocurrency market witnessed a sharp decline. Meme coins like Shiba Inu and Dogecoin have dropped by double digits and the trend continues. The market capitalization of all meme coins is down 1% from yesterday, reaching $49 billion at the time of writing. At the same time, CryptoQuant data shows that over the past 60 days, the coin's dominance has plummeted.

Assets such as the Shiba Inu are down 5.2% in the past 24 hours. At the time of writing, Shiba Inu is trading at $0.00001799 while Dogecoin is priced at $0.1246 after a 2.9% Bottom. dogwifat [WIF] saw a 22% drop over the past week. Most assets in the meme coin market suffered a similar fate.

Affected by the merger plan, FET, AGIX and OCEAN increased by more than 20%

Information shows that at the end of March, these three projects planned to merge to form the Artificial Super Intelligence Alliance (ASI). The original plan was to complete the project merger on June 11, stop trading of the three individual tokens, then merge them into the ASI token, followed by the token merger on June 13. However, Subsequent announcements were delayed due to logistical and technical challenges, and the merger was postponed to 15 July 2024.

According to previous community estimates, the total value of ASI tokens after the merger is estimated at about 7.5 billion USD. This significant value puts ASI in the list of top 20 cryptocurrencies.

This collective growth may be affected by the merger plan. In addition, recently, Nvidia's stock price topped the US stock market capitalization rankings, with a total market value of 3.34 trillion USD, which also had a positive impact on conceptual currencies WHO.

$OCEAN $AGLD $FET

Injective ( $INJ ) may be on the way to recovering from recent losses

The price of Injective ($INJ ) is expected to increase in the coming days, thanks to investor optimism. While INJ may face some challenges to grow 27%, it will receive support from holders.

As noted by BeInCrypto, Injective's price is currently testing resistance at $28, aiming to break the barrier at $30. This would help INJ initiate a bullish rally to $35, marking a potential 22% upside. This is the price the coin fell to in mid-April. The coin could take advantage of investor and market support to rebound.
$INJ #TopCoinsJune2024 #binance #btc

What is Dogelon Mars (ELON)? What makes it unique?

Dogelon Mars (ELON) is a meme cryptocurrency project inspired by Dogecoin and Elon Musk. Notable for developing a friendly community and airdrop activities supporting scam victims. 50% of the ELON token supply has been allocated to Vitalik Buterin and the rest is locked in Uniswap. The total supply of ELON is fixed at 1,000,000 billion. The development team burned the liquidity provider tokens to prevent fraud.

$BTC $DOGE #Memecoins🤑🤑

A record 887 million USD of capital flow was poured into $BTC ETFs

Spot Bitcoin ETFs in the United States saw their second-best overall inflow day ever at $887 million.

According to data from Farside Investor and the X account HODL15Capital, Fidelity Wise Origin Bitcoin Fund (FBTC) saw the largest inflows at $378.7 million while BlackRock's iShares Bitcoin Trust (IBIT) ranked second two with 275 million USD.

ARK 21Shares Bitcoin ETF (ARKB) is the third best performing fund with net inflows of more than $138 million.

This is the highest net inflow the funds have seen since March 12, when they pulled in a record $1.04 billion. Bitcoin hit an all-time high of $73,679 a day later.

ETF Store President Nate Geraci has hit back at Bitcoin critics, who he said have claimed that a Bitcoin ETF will have little demand. “I was informed several months ago that all “degen retail” investors who wanted to buy had already done so,” Geraci wrote.

According to Bitcoin ETFs from Invesco Galaxy, Franklin Templeton, WisdomTree and Hashdex, which have not seen any demand, each issuer recorded no inflows on June 4. This comes as Bitcoin has been on the rise. 2.9% to 71,000 USD in the last 24 hours. CoinGecko.
$BTC $BNB

BNB is about to reach an all-time high?

On the weekly chart, BNB shows a strong uptrend, maintaining stability without experiencing sharp declines like other cryptocurrencies. The current trading price is $640, with an all-time high recorded at around $690.

BNB's market capitalization is hovering around $94 billion, positioning it as the fourth largest cryptocurrency by market capitalization. The $100 billion mark is an important milestone to watch.

BNB Smart Chain sees a steady increase in daily transactions

Daily transactions on Binance Smart Chain show a steady and increasing pattern, increasing from approximately 3 million to 4 million daily transactions. This steady increase shows consistent activity and increasing usage of the Binance Smart Chain.

* Australia has the first Spot ETF directly held $BTC

In Australia, companies that want to launch financial products need to be approved first by the Australian Securities and Investments Commission (ASIC), and then go to the exchange that will list that product, here Cboe Australia.

Monochrome Asset Management filed for a Bitcoin Spot ETF in April and was quickly approved by ASIC. This milestone makes IBTC the first and only ETF in the country to directly hold Bitcoin.

Before IBTC, Australian investors could only invest in ETFs that held Bitcoin indirectly or through offshore Bitcoin products, neither of which benefited from investor protection rules. of the country.

Since the US gave the green light to the Bitcoin Spot ETF in January 2024, many jurisdictions around the world such as Hong Kong, the UK or most recently Australia have also started facilitating this product. Hong Kong officially approved the first Bitcoin Spot ETF in late April, but the inflow of these funds is still nascent compared to the broader U.S. ETF market.

#binance #BTC☀ #Bitcoin❗ #ETFbitcoin‬

$NOT has skyrocketed thanks to what factors?

Public data shows that token$NOT is up nearly 40% in the past 24 hours and up 280% in 7 days.

What factors have driven the rise of NOT? Different analysts also provided answers based on the token structure, recent catalysts, and secondary market trends.

Why is it skyrocketing?

- Mortgage function

- Burning project party

- Market financial traders push prices high

Reasons for price increase expectations $NOT

As everyone knows, $NOT is the token for the popular social tap game on Telegram, which later added leaderboards and team features. At its peak, it reached a staggering 35 million users!

#BTC Bitcoin transaction value hits yearly high with $25 billion transferred

On May 28, Bitcoin transactions reached an estimated value of more than $25 billion, the highest in US dollars over the past year.

Bitcoin's on-chain transaction value refers to the estimated total value of transactions on the blockchain. This metric helps traders understand Bitcoin (BTC) trends and decide on trading positions.

Bitcoin transaction value hits yearly high

According to Bitcoin explorer Blockchain.com, holders moved about 367,000 BTC on the blockchain on May 28. This is the largest amount of BTC moved since June 13, 2022, when more than 519,000 BTC be moved.

At the time, the price of Bitcoin was hovering around $26,500, putting the USD value of the transactions at nearly $14 billion.

#btc

$ETH is showing some signs that the Bull market recovery will bring big profits to ALTS.
Imagine ETH alone only doing 3-4 times from here. 🤯

$JASMY establishes new ATH, likely to soon reach 0.04 USD in June

JasmyCoin (JASMY) – a crypto project of Jasmy Corporation specializing in the field of IoT (Internet of Thing). JASMY price just recorded a new 2024 high with a surge in trading volume. This is the basis to expect JASMY price to continue to reach higher levels in June.

Here are the latest JASMY price prediction and review updates, from BeInCrypto.

The rise of JasmyCoin (JASMY) may not stop anytime soon

The JASMY price structure shows that the 0.016 USD support zone is highly expected. Investors continuously buy up when prices fall towards this support. By May, JASMY price officially broke out to set a new high of the year.

JASMY price fluctuations over the past two years.
From here, the 0.016 price range continues to act as important support for JASMY until the end of 2024. In a bad situation, if the price suddenly reverses, 0.016 is still a good buying opportunity for spot traders.
The Fibonacci price measure from bottom to peak in 2024 is suggesting the possibility that JASMY price could reach the golden ratio of 1.618, equivalent to 0.04 USD. The current near support is the old peak at 0.027 USD.
CoinmarketCap said that JASMY trading volume on May 30 reached 460 million USD, an increase of 3 times the previous day, and by the end of May it exceeded 560 million USD. The sudden increase in intraday volume shows the demand to buy JASMY in the current context

DMMBitcoin exchange was hacked, causing losses of up to 300 million USD

According to CoinPost, DMMBitcoin, a cryptocurrency exchange belonging to Japanese securities company DMM, is suspected of being hacked. Accordingly, as a result of this hack, $300 million worth of Bitcoin may have been stolen. DMM Bitcoin later said it lost 48 billion yen (approximately $305 million) worth of Bitcoin following the hack. This amount is equivalent to approximately 4,502 BTC.

Up to now, after DMMBitcoin was hacked, this exchange also announced that they will buy Bitcoin equivalent to the amount withdrawn and ensure the safety of all Bitcoin held by customers. The exchange has restricted all spot purchases on the platform and added that withdrawals in Japanese Yen may take longer than usual.

Source: https://vn.beincrypto.com/dmmbitcoin-bi-hack/

Hong Kong officially decriminalizes all unlicensed cryptocurrency exchanges

All cryptocurrency exchanges that have not applied for an operating license with Hong Kong's Securities and Futures Commission (SFC) are required to cease operations immediately.

In an effort to minimize risks for investors, Hong Kong regulators have issued a clear ultimatum to cryptocurrency exchanges: apply for a license by February 29 or shut down. within three months.
In May alone, six cryptocurrency exchanges, including global ones like OKX and Huobi HK, withdrew from the Hong Kong market.

While most exchanges did not give any reason for this unexpected change, Hong Kong-based Gate.HK cited the need to “overhaul” its trading platform before it can comply with Hong Kong regulatory requirements.

After withdrawing the license, Gate.HK stopped attracting and marketing users. Existing users have until August 28 to withdraw their funds.

Gate.HK trading platform will no longer operate from May 28, all previously tradable tokens, such as Bitcoin (BTC), Ether (ETH), Solana (SOL) and Polygon (MATIC) ), will be permanently delisted.

#RUNES

Data: Total rune trading volume today reached 18.76 million USD, up 27.58% compared to yesterday.

On May 30, according to Geniidata data, the DOG·GO·TO·THE·MOON rune's single-day trading volume reached $10.42 million and the market capitalization $701 million.

Additionally, Rune's total trading volume today reached 18.76 million USD, up 27.58% from yesterday, and Rune's total market capitalization reached 1.56 billion USD, up 8.48% %.
Source: https://m.theblockbeats.info/flash/25198

Airdrop of one million USD in first round of funding - Cycle Network

Cycle Network is a Trustless Distributed Ledger where developers can create their Decentralized Applications (DAPPS) on a new layer without having to regenerate code on different chains. Through the Summary Account, users will no longer have to use their private keys or seeds to use the DApp, thereby reducing the amount of gas fees involved. Furthermore, this new layer will apply security similar to Rollup technology allowing users to feel safe when transferring assets across the chain.

On February 27, 2024, Cycle Network announced the completion of a multi-million dollar seed funding round, with the specific amount undisclosed. Leading the round are Vertex Ventures and Summer Ventures, subsidiaries of Temasek Holdings. Participating investors include LTP, Super Chain Capital, GSG Digital, among others.

It is known that Cycle Network has launched a solution to solve interoperability problems in the blockchain field. Through its innovative Off-Ledger Distributed Ledger Technology (ODLT), Cycle Network introduces a Trustless approach to blockchain interoperability, solving the fragmentation problem of blockchain networks.

Airdrop Instructions

website: https://points.cyclenetwork.io/ Airdrop?invite_code=9etBtkCQFQ

This is the LINK (Chainlink) to the LINK (Chainlink) of your wallet.