No more donuts were necessary for the final #bear #BTC

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Cardano Network Resists DDoS: Details Cardano was hit by a DDoS assault late Tuesday, a massive increase of malicious activity meant to disrupt its operations. However, the blockchain's resilient protections prevented the assault, maintaining stability and functionality. DDoS Does Not Affect Cardano Fluid Token's Chief Technology Officer said the assault began on block 10,487,530, with each transaction running 194 REWARD smart contracts and costing 0.9 ADA. This method filled each block with complicated transactions to generate a backlog and slow the network. “This way, they can send large transactions while spending the least amount,” @ElRaulito_cnft said. Anastasia founder Philip Disarro likely neutralized the danger. Disarro's swift public reaction to X may have prompted the assailant to stop. “DDOSer stopped attacking after reading my tweet to protect his funds. They were too late; their money are being stolen. I appreciate the free money, fool. Truly remarkable that the attacker who sought to disrupt the ecosystem donated to Anastasia Labs' open-source smart contract research effort and funded Midgard, Disarro told X. The Cardano community keenly followed the issue. Major Cardano content producer Big Pey reassured the community via X, saying, “Someone tried to DDOS Cardano today. Nothing much occurred, and the network didn't collapse. ADA endures.” The community shared this faith in the network's reliability and security. The Art of Selling Art creator Jason Matias visualised the DDoS attack's effect on network operations. The current Cardano DDoS assault looks like this. Matias said that network monitoring tools showed spam transactions as gray gear symbols, producing bigger, harder-to-process blocks. The extended Unspent Transaction Output (eUTxO) paradigm helped Cardano mitigate the DDoS assault. Other prominent blockchains like Ethereum employ account-based methods, however this concept is different. #Cardano #Ada $ADA

Top meme cryptocurrencies DOGE, WIF, PEPE rise after market rebound. Meme coins are up 10%, with industry tokens up significantly. DOGE, SHIB, and FLOKI gained 10% in 24 hours. BRETT, WIF, and PEPE jumped 20%. Following double-digit increases by Dogecoin (DOGE), PEPE, dogwifhat (WIF), FLOKI, BRETT, and others, meme coins are driving the crypto market comeback on Tuesday. Comeback of meme coins Mt. Gox's anticipated Bitcoin creditors' payments caused major losses for top meme currencies on Monday. As news saturated the market, many anticipated the meme sector to lose again on Tuesday. Analysts predicted a shift from meme tokens to large cryptocurrencies as the industry was most hit. Despite gloomy views, meme currencies are poised to lead the crypto market comeback with big gains. As buyers return to the market, meme coins have gained almost 10% in the previous 24 hours, according to CoinGecko. As reported, USDC stablecoin exchange net inflows reached a one-year high of $228 million on Monday. Some of these inflows may have bought meme coins. Dogecoin (DOGE), the biggest meme currency, is up over 10% today and 7% this week. IntoTheBlock statistics shows that Shiba Inu (SHIB) has risen about 9% in the last 24 hours and is close to 0.000019, where buyers bought over 424 trillion tokens. This level might be key in future price decreases if it holds. Dogwifhat (WIF) and BRETT tokens gained 25% and 27%, respectively. WIF has lagged other popular meme currencies in recent weeks, so its gain would soothe holders. WIF has been falling since June until its significant advances on Tuesday. However, BRETT's 27% surge suggests its investors anticipate more despite a 137% rally in the last month. Meme coins frequently gain during market rallies but lose the most during market downturns. The recent availability of Solana shareable links, which integrate easily with websites and applications, has many crypto community members believing it would boost meme currency launches in the current cycle. #PEPE #DOGE #WIF $PEPE

In favor of Ethereum ETF, SEC Chair Gensler US Securities and Exchange Commission Chair Gary Gensler said the Spot Ethereum ETF clearance process is going well. Gensler voiced hope for the July launch of the new investment product at the Bloomberg Invest Summit. This is a major milestone for the cryptocurrency sector as Ethereum prepares to follow Bitcoin. The Spot Ethereum ETF clearance process is going well, Gensler said. He repeated assertions made earlier this month before the US Senate Appropriations Subcommittee on Financial Services that "the registration process is working smoothly." SEC is actively working with issuers on S-1 disclosures, a requirement for ETF trading. “I envision sometime over the course of this summer,” Gensler said, suggesting a debut date within months. The SEC prioritizes compliance and openness. Gensler stressed “disclosure and registration,” indicating that these processes are essential for ETF clearance. Several Ethereum ETF issuers are rushing to fulfill SEC criteria. VanEck has modified its S-1 filings to include seed funding and fees. VanEck announced a 0.20% fee that would be delayed until 2025, making the ETF free at launch. This strategy seeks to recruit investors and develop a strong market position early on. A July launch is being considered by several issuers who are finishing their files. These businesses' progress underscores industry expectation of the SEC's clearance, which might spur Ethereum investment. The cryptocurrency market is affected by Spot Ethereum ETF approval. Bitcoin prices reached an all-time high of $73,000 three months after Bitcoin ETFs launched earlier this year, setting a precedent. Experts say Ethereum ETFs may not draw as much investment as Bitcoin, but the potential is high. Gensler addressed the digital asset market's issues. He chastised the sector for non-compliance and transparency violations. Gensler called several cryptocurrencies securities and called for further regulation to safeguard investors. #ETH #etf #CryptoTradingGuide $ETH

Bitcoin stabilizes at $61,000 as Defi platform liquidations top $1 million Bitcoin spot ETFs had $31 million inflows on Tuesday, ending seven days of losses. US Congressman Matt Gaetz proposes Bitcoin Federal Income Tax payments. The German government's transfer of 400 BTC worth $24.34 million to exchanges on Tuesday, after 1700 BTC last week, may hurt Bitcoin's price. Bitcoin (BTC) trades beyond $61,000 on Wednesday after rising 2.6% on Tuesday as the crypto market rebounds. Bitcoin spot ETFs saw $31 million inflows on Tuesday, ending a seven-day outflow skid. In the US, Congressman Matt Gaetz suggested legislation allowing Bitcoin federal income tax payments, while in Europe, the German Government transferred 400 BTC worth $24.34 million, adding to selling pressure. On Tuesday, Bitcoin spot ETFs witnessed $31 million inflows, snapping a seven-day outflow skid of $1.13 billion, according to Coinglass. ETF inflows signal rising institutional and retail interest in the cryptocurrency, which might affect pricing and market behavior. The 11 spot BTC ETFs possess $51.73 billion in Bitcoin. USD Bitcoin Spot ETF Net Inflow chart Arkham Intelligence evidence suggests the German Government moved 400 BTC worth $24.34 million from its wallet to Coinbase and Kraken exchanges in the recent hours. German authorities sent 1,700 BTC worth $110.88 million to Coinbase, Bitstamp, and Kraken last week. Large transfer activity may have increased traders' FUD (Fear, Uncertainty, Doubt), leading to Bitcoin's 4.6% price drop on Monday. The German government exchanged 400 BTC at Kraken and Coinbase in two hours. Bitcoin fell 7.5% from $63,369 to $58,402 on Monday after breaking below the falling wedge. BTC rose 5.8% to $61,806 on Tuesday after retesting its weekly support around $58,375. Bitcoin is now trading at $61,654, down 0.2% on Wednesday. Bitcoin may face resistance at various levels if weekly support around $58,375 persists. #BTCFOMCWatch #CryptoPCEWatch $BTC #BTC

Truth Or Fiction? Secrets of Bitcoin Rainbow Chart's $250,000 Prediction Bitcoin, the king of cryptocurrencies, confronts a crucial time. After a strong first half of 2024, breaching the $71,000 milestone, digital gold has fallen to $61,000. Some experts remain confident about the long term, while others warn of difficulties after this downturn. Rainbow Whispers—Golden Opportunity or Fool's Gold? The famous Bitcoin Rainbow Chart, which examines price fluctuations logarithmically, keeps bulls hopeful. This chart shows Bitcoin in the “Buy” zone, indicating opportunity for growth before a high. Historical price cycles, particularly those after halving events (when miners get half as many Bitcoins), suggest a maximum price point around September-October 2025. The optimistic timescale suggests a price objective of $260,000 or greater, according to several analysts. Rainbow charm doesn't appeal to everyone. Critics argue that the chart is a historical indication and does not guarantee future outcomes. The latest “Coinbase Premium Index” drop dampens optimists' celebrations. This statistic compares Bitcoin prices on Coinbase and foreign marketplaces. The present negative index implies US investors, a major market sector, are losing interest. Investors' fear and prudence are another worry. Many are waiting and seeing after recent price dips shook confidence. The steep fall in "Open Interest," which measures the entire value of futures contracts, reflects this opinion. Open Interest has declined dramatically owing to investors becoming wary of long Bitcoin holdings after the recent plunge, suggesting a market retreat. Some experts consider this dip essential for correction. They say overheated futures markets caused by high leverage may produce unsustainable bubbles. They think the recent downturn is clearing out overleveraged participants, allowing Bitcoin to develop more steadily. #BTCFOMCWatch #BTC $BTC

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