Analyst Flips Bullish on PEPE and One Other Memecoin, Says Memes and Another Sector Will Lead Crypto Narratives

Pseudonymous analyst Bluntz tells his 263,500 followers on social media platform X that PEPE looks ready to ignite a five-wave surge.
At time of writing, PEPE is worth $0.00001286.
Looking at Popcat (POPCAT), the analyst thinks the Solana (SOL)-based memecoin is also done correcting.
Bluntz highlights that POPCAT appears to be mirroring the market structure of memecoin dogwifhat (WIF) before launching a rally to all-time highs in March.#CryptoPCEWatch #CryptoTradingGuide $SOL $PEPE

#BinanceTournament #MtGoxJulyRepayments
$BNB
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Tether’s USDT on TRON Network Surpasses Visa’s $42,000,000,000 Daily Average Volume
$TRX
In a new post on the social media platform X, market intelligence firm Lookonchain notes that earlier this week, the 24-hour trading volume of Tether’s dollar-pegged digital asset over Tron was $53 billion – a nearly 10% rise on the day – while Visa’s was sitting at $42 billion.

Lookonchain’s chart also shows that over the same 24-hour period, USDT saw over 2 million transfers, a 5.14% raise on the day.

Earlier this month, Tether announced the launch of a new gold-backed stablecoin with overcollateralized reserves. Known as aUSDT, the digital asset will be backed by Tether Gold (XAUT), meaning it will be backed by stores of physical gold in Switzerland.

#MtGoxJulyRepayments
$BCH
Mt. Gox Extends Repayment Deadline of Estimated $3,700,000,000+ in Bitcoin (BTC) and Bitcoin Cash (BCH) Payout

In a new announcement, Mt. Gox rehabilitation trustee Nobuaki Kobayashi says that the crypto exchange will not be able to make certain repayments by their original deadline of October 31, 2023, and has extended the date by a year.
$BTC
However, according to Kobayashi, the extension only applies to creditors who failed to disclose necessary information on time – those who did will be paid by the original deadline of October 31, 2023.
Mt. Gox was infamously hacked in 2011 when bad actors gained access to wallets containing BTC and stole 850,000 of the top crypto asset by market cap, worth about $500 million at the time. At today’s prices, that equates to about $22 billion worth of BTC.

$ARPA Red-Hot ARPA Crypto

Arpa Chain is a privacy-preserving computation network compatible with blockchains. It is a blockchain agnostic layer-2 solution that can be used widely. Arpa Cryptographically enables private smart contracts providing excellent data-at-use privacy protection and scalable computational sharding. Proxy smart contracts are used as a bridge to link the blockchain and the computational network.

Arpa Chain was founded in April 2018 with the goal to separate data utility from ownership and enable the renting of data. Arpa’s MPC protocol allows collaborative analyzing data and extracting data synergies for the multiple entities while protecting data security.
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Bank of America Customers’ Information Illegally Accessed and Sold As Renegade Staffer Sparks Fraudulent Withdrawals

The Office of the Comptroller of the Currency (OCC) alleges Manuel Alejandro Ramirez Perez engaged in unsafe or unsound practices and violated laws while working as a relationship banker and credit solutions advisor at BofA’s North Naples, Florida branch.

In a consent and prohibition order, the OCC says that between February 2020 and June 2021, Perez accessed customer accounts without proper authorization to steal and sell sensitive data to an unknown individual.

The regulator says Perez’s actions allowed the thief to drain customer accounts to the tune of $65,877.37.

Bank of America bore the losses as it had to step in and reimburse the customers involved. Meanwhile, Perez got paid about $6,900 for selling customer data.

Perez did not admit or deny the OCC’s findings.

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Polkadot researchers propose major change to staked DOT unbonding process

Two researchers at Web3 Foundation, the organization behind Polkadot, are requesting comments on a proposal to reduce the unbonding time for staked DOT tokens.

Alistair Stewart, the head of research at the Web3 Foundation, and Jonas Gehrlein submitted the proposal to the Polkadot Fellowship committee on June 19.

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One Ethereum Indicator Is Signaling Altcoin Season Will Start Early, According to Quant Analyst Ki Young Ju

The CEO of blockchain analytics platform CryptoQuant, Ki Young Ju, is updating his outlook on altcoins ahead of a potential approval of spot Ethereum (ETH) exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC).
Young Ju tells his 348,500 followers on the social media platform X that Ethereum’s Market Value to Realized Value (MVRV) metric is flashing a bullish signal.Turning to altcoins, the CryptoQuant CEO says that memecoin dominance is on the wane after reaching a 15-month high in March. Memecoin dominance is the proportion of the total market capitalization of memecoins relative to the total market capitalization of altcoins

#BNBHODLer #Megadrop #BinanceTournament
$BTC
Binance Labs Announces Investment in New Cross-Chain DEX and Bridging Aggregator

In a new blog post, the world’s largest crypto exchange by volume says that it is investing an unspecified amount of money into interoperability DEX Rango.Rango is a cross-chain exchange that aggregates sources and connects traders to the best rates across multiple blockchains, including Bitcoin (BTC), Solana (SOL), Tron (TRX) and Cosmos (ATOM).
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Binance says that by focusing on decentralized finance (DeFi) infrastructure, Rango will usher in the next billion DeFi users.

ZKsync is a layer-2 Ethereum scaling protocol. The project launched the ZK token’s first airdrop on Monday, with a plan to distribute 17.5% of the asset’s overall supply to 695,232 wallets.
$ZK
The ZKsync Association noted on Monday that more than 45% of the airdropped ZK token supply had been claimed by over 225,000 addresses in less than two hours, leading to degraded network performance.

The ZK token is a protocol token that allows token holders to introduce and vote on protocol upgrades and pay for network fees using ZKsync’s native account abstraction. Through governance-driven protocol upgrades, the community can evolve ZK to introduce staking and other functions.
$BTC
As more ZK chains launch, the token can become a vital tool for coordinating technical innovation. While ZKsync Era is the first ZK chain, Lens Network, Cronos zkEVM, GRVT, and a number of others will make their debut over the coming months
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‘Airdrop Hunter’ Receives $753,000 Worth of ZK Tokens Before Depositing Into Binance
$ZK
Lookonchain notes the trader proceeded to deposit 2.71 million ZK worth $678,000 into Binance and sold 300,000 ZK for 20 Ethereum (ETH) worth $69,000 via the decentralized exchange (DEX) SyncSwap.

The association says two-thirds of the overall token supply will go to the community and one-third will go to the project’s team and investors.

#BinanceTournament #AirdropGuide

Azuro To Accelerate Development of On-Chain Prediction Apps Through New Initiative on Polygon PoS

This initiative brings Azuro and the Polygon community closer together to refine and enhance the value proposition for entrepreneurs leveraging their combined infrastructure solutions.

As an initial step, Azuro has agreed to launch a grants program aimed at supporting and fostering the creation of new applications leveraging Azuro on Polygon PoS.

This effort to provide financial and technical support to developers is designed to encourage innovation and expand the ecosystem of applications, driving the next wave of growth in on-chain prediction markets.
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The Pulse of the Market – How Fear and Greed Shape Cryptocurrency Trading

In the high-stakes world of cryptocurrency, market sentiment often swings wildly, driven by speculation and the whims of influential voices.
$PORTAL
Unlike traditional financial markets, crypto values can skyrocket or plummet based on the collective mood of traders, making it essential to stay attuned to these emotional undercurrents.

Consider the sway of figures like Elon Musk and Michael Saylor – their tweets and public statements can send ripples through the market, causing dramatic shifts in value almost instantaneously.
For instance, Musk’s tweet about Bitcoin’s environmental impact led to a swift sell-off, underscoring how susceptible crypto prices are to influential opinions.
$ADA
These events highlight the importance of understanding market sentiment to navigate the crypto landscape effectively.

Given this volatile environment, tools that measure market sentiment are invaluable.

Hedge Funds Front-Running Ethereum ETF Approvals, According to VanEck Analyst

Financial institutions are likely in the process of positioning themselves for the launch of spot Ethereum (ETH) exchange-traded fund (ETF), according to a VanEck analyst.

Matthew Sigel, head of digital assets research at VanEck, says that hedge funds are front-running the approval of ETH ETFs in the US.Sigel cites data from K33 Research showing a large spike in inflows to Ether exchange-traded products (ETPs) out .
Sigel also shares a chart from blockchain analytics firm CryptoQuant showing a downtrend of ETH supply on exchanges, suggesting an accumulation of Ethereum from large players.#BinanceTournament #ETHETFsApproved #BTCFOMCWatch

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$ETH
BlackRock CIO Says Registered Investment Advisors ‘Wary’ of Bitcoin ETFs

Cohen, who serves as BlackRock’s CIO of ETF and index investments, says that self-directed investors likely make up 80% of the Bitcoin ETF investments, reports CNBC.
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She also notes that hedge funds and brokerages have been accumulating Bitcoin ETF shares.

But Cohen says one investor cohort has yet to take the plunge in the investment vehicle.Cohen believes that registered investment advisors (RIAs) are still in the early stages of the Bitcoin ETF adoption story.

Balaji Srinivasan Says Crypto Will Become Money in the Age of Artificial Intelligence – Here’s Why
$SOL

Former Coinbase executive Balaji Srinivasan thinks crypto will serve as the money of an artificial intelligence (AI) age.

Srinivasan tells his 1 million followers on the social media platform X that crypto represents “digital scarcity” and AI represents “digital abundance.”

He notes that AI won’t make everything abundant, however.#BinanceTournament #AirdropGuide #BTCFOMCWatch

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$600,000,000 Leaves Crypto ETPs Following More-Hawkish-Than-Expected FOMC Meeting

In its latest Digital Asset Fund Flows report, CoinShares says that institutional investors are likely reacting to a more “hawkish-than-expected” Federal Open Market Committee (FOMC) meeting last week.

According to CoinShares, the FOMC’s dot plot is the likely cause of the crypto losses. The dot plot records each member of the committee’s personal opinion on the appropriate interest rate for the central bank at a given time period. According to the FOMC’s most recent dot plot, most of the committee doesn’t see interest rates lowering before next year.

The US region saw massive outflows of $565 million, with Canada, Switzerland and Sweden piling on $15 million, $24 million and $15 million in outflows, respectively. Meanwhile, Germany brought in $17 million in inflows.

#BinanceTournament #BTC Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity
$SOL
Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity.

The project notes on the social media platform X that 834,000 unique wallets directly signed transactions with its protocol in May, its highest month of all time.$BTC
Metaplex has also registered a notable amount of development activity recently. On Wednesday, the crypto analytics platform Santiment ranked the project third among all NFT-related protocols in terms of its number of notable GitHub events in the past 30 days.

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$SHIB SHIB Marketing Lead Hints at Unreleased Token, Shares Update on Upcoming Shiba Eternity Blockchain Game

A Shiba Inu insider who goes by Lucie tells her 139,300 followers on the social media platform X that the full release of the blockchain version of Shiba Eternity is nigh.
According to Lucie, the blockchain game should increase transaction volume on Shiba Inu, which could in turn lead to SHIB burns, decreasing SHIB supply and potentially raising the price.

Lucie also reminds the SHIB Army that TREAT is not yet available for trading, possibly as a warning against any scammers hacking fake TREATs.

#BinanceTournament #CPIAlert #BTCFOMCWatch
$BTC
Billionaire Chamath Palihapitiya Says Fed Under Pressure To Aggressively Cut Interest Rates – Here’s Why

Billionaire venture capitalist Chamath Palihapitiya says economic conditions will force Fed Chair Jerome Powell to cut rates more than once.According to the Social Capital CEO, people relying on their savings are now driven to find jobs, but most will struggle to land one as companies steer clear from expansion due to the Fed’s higher-for-longer policy.

Palihapitiya goes on to explain that an uptick in unemployment will lead to an economic slowdown and force the hand of Powell to cut rates multiple times.