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Bitcoin Market Cools After Intense Distribution Pressure: Glassnode
$BTC
According to a recent report from Glassnode, it appears that the Bitcoin market is cooling off after several months of intense distribution pressure. Although actual foreign direct investment remains relatively weak, the movement in selling pressures linked to reduced volatility increases the likelihood of a significant change in the future.
The plan carried out highlights a reduction in new capital inflows.
In other words, high Bitcoin markets face selling pressure as high price levels push long-term holders to sell some of their cryptocurrencies. March and April saw long-term investors selling coins to meet new demand, leading to a decrease in supply of the last asset during 1 and 2.
According to a recent report from Glassnode, it appears that the Bitcoin market is cooling off after several months of intense distribution pressure. Although actual foreign direct investment remains relatively weak, the movement in selling pressures linked to reduced volatility increases the likelihood of a significant change in the future.
The plan carried out highlights a reduction in new capital inflows.
In other words, high Bitcoin markets face selling pressure as high price levels push long-term holders to sell some of their cryptocurrencies. March and April saw long-term investors selling coins to meet new demand, leading to a decrease in supply of the last asset during 1 and 2.
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On May 23, 2024, Binance announced the launch of Lista (LISTA) on its innovative new platform
This event marks a turning point for Web3 airdrops and missions, giving users the opportunity to earn exclusive early rewards.
Résumé
Introducing Binance Megadrop and Launching LISTA
Participation and points system
Important points to consider
Introducing Binance Megadrop and Launching LISTA
Binance Megadrop is a token launch platform that combines airdrops and Web3 missions. Users can sign up for locked BNB products or complete activities in their Web3 wallet to earn rewards. This innovative approach aims to make token launches more interactive and educational, and thus more beneficial for participants.
Résumé
Introducing Binance Megadrop and Launching LISTA
Participation and points system
Important points to consider
Introducing Binance Megadrop and Launching LISTA
Binance Megadrop is a token launch platform that combines airdrops and Web3 missions. Users can sign up for locked BNB products or complete activities in their Web3 wallet to earn rewards. This innovative approach aims to make token launches more interactive and educational, and thus more beneficial for participants.
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Dormant Bitcoin address becomes active after 10 years and transfers $9.8 million in BTC
$BTC
May stood out for “dormant Bitcoin” transactions, with an address inactive for ten years and six months waking up on May 28 to move 145.89 BTC, valued at $9.8 million.
Over $109M in 2013 Bitcoins Moved in May
After a relatively quiet April, May saw many dormant Bitcoin addresses become active after years of inactivity. In particular, a major holder from 2010 re-emerged this month, spending 2,050 BTC from a block reward cache.
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PEPE breaks records with +175% in May: A new token could follow
$PEPE
PEPE's rise continues unabated, with the frog meme token continuing to set new records this past weekend and maintaining its upward trajectory this Monday morning, peaking at $0.00001670.
Currently at $0.00001650, PEPE shows a gain of 8% over 24 hours and 80% over a week, making it by far the best performing cryptocurrency in the top 20. In addition, its increase since the beginning of the month of May is now +175%.
The crypto thus rose to 19th place among the most important tokens by capitalization, after entering the top 20 last week.
PEPE's rise continues unabated, with the frog meme token continuing to set new records this past weekend and maintaining its upward trajectory this Monday morning, peaking at $0.00001670.
Currently at $0.00001650, PEPE shows a gain of 8% over 24 hours and 80% over a week, making it by far the best performing cryptocurrency in the top 20. In addition, its increase since the beginning of the month of May is now +175%.
The crypto thus rose to 19th place among the most important tokens by capitalization, after entering the top 20 last week.
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Crypto: Countries with the lowest tax rates in 2024
The landscape of taxes on cryptocurrencies is diverse and constantly evolving, with some countries showing themselves to be particularly favorable to investors and traders in cryptocurrencies.
Nations with low cryptocurrency taxes benefit from increased investment, spurred innovation, and increased economic growth, making a strong case for adopting policies similar across the world.
Conversely, some countries impose stricter taxes on cryptocurrencies, which may dampen local market growth and cause investors to seek more favorable environments elsewhere.
Nations with low cryptocurrency taxes benefit from increased investment, spurred innovation, and increased economic growth, making a strong case for adopting policies similar across the world.
Conversely, some countries impose stricter taxes on cryptocurrencies, which may dampen local market growth and cause investors to seek more favorable environments elsewhere.
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Lugano NFT Fest 2024: When Web3 meets culture!
Lugano, new world capital of Web3!
Lugano is transforming into a true crossroads of art and technology thanks to an ambitious multidisciplinary festival. The latter aims to make Lugano the global epicenter of Web3 innovation and digital creativity. To achieve this goal, the organizers have planned an event-rich program, including high-level conferences, practical workshops, project demonstrations and premier networking sessions.
Lugano is transforming into a true crossroads of art and technology thanks to an ambitious multidisciplinary festival. The latter aims to make Lugano the global epicenter of Web3 innovation and digital creativity. To achieve this goal, the organizers have planned an event-rich program, including high-level conferences, practical workshops, project demonstrations and premier networking sessions.
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Resumption of XRP trading in New York: you won’t believe your eyes
$XRP
Trading of the cryptocurrency
Ripple and the sec: a fierce fight
Ripple Labs is often better known for its disputes with the SEC than for its innovations in the field of cryptocurrencies. This case dates back to 2020, when the SEC accused Ripple of selling unregistered financial securities through its cryptocurrency, XRP. This battle has subjected Ripple to enormous pressure and regulatory costs.
Trading of the cryptocurrency
Ripple and the sec: a fierce fight
Ripple Labs is often better known for its disputes with the SEC than for its innovations in the field of cryptocurrencies. This case dates back to 2020, when the SEC accused Ripple of selling unregistered financial securities through its cryptocurrency, XRP. This battle has subjected Ripple to enormous pressure and regulatory costs.
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👉Kabosu, the emblematic dog of Dogecoin, dies at 18, announces his owner
Kabosu, the Japanese dog who became a global meme and the face of the cryptocurrency Dogecoin, has died at the age of 18, his owner announced in a blog post Friday. The Japanese Shiba Inu died peacefully in his sleep, wrote his owner, Atsuko Sato.
Kabosu became the emblem of Dogecoin, an alternative cryptocurrency that was initially intended to parody the cryptocurrency frenzy of 2013.
The token rose in value when Tesla CEO Elon Musk, a strong supporter of cryptocurrencies, began tweeting about it in 2020. Since then, the billionaire has promoted the coin several times.
Last year, Dogecoin's market value increased by $4 billion when the billionaire, who bought the social network Twitter in 2022, temporarily replaced Twitter's blue bird logo with an image of Kabosu. Musk then renamed Twitter to X.
With a market capitalization of around $23.6 billion, Dogecoin is now the ninth-largest cryptocurrency, according to data site Coingecko.com.
“This dog’s impact on the world is immeasurable,” Dogecoin said on social network X on Friday.
$DOGE #Dogecoin
Kabosu, the Japanese dog who became a global meme and the face of the cryptocurrency Dogecoin, has died at the age of 18, his owner announced in a blog post Friday. The Japanese Shiba Inu died peacefully in his sleep, wrote his owner, Atsuko Sato.
Kabosu became the emblem of Dogecoin, an alternative cryptocurrency that was initially intended to parody the cryptocurrency frenzy of 2013.
The token rose in value when Tesla CEO Elon Musk, a strong supporter of cryptocurrencies, began tweeting about it in 2020. Since then, the billionaire has promoted the coin several times.
Last year, Dogecoin's market value increased by $4 billion when the billionaire, who bought the social network Twitter in 2022, temporarily replaced Twitter's blue bird logo with an image of Kabosu. Musk then renamed Twitter to X.
With a market capitalization of around $23.6 billion, Dogecoin is now the ninth-largest cryptocurrency, according to data site Coingecko.com.
“This dog’s impact on the world is immeasurable,” Dogecoin said on social network X on Friday.
$DOGE #Dogecoin
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👉 12.4 billion Dogecoin (DOGE) traded in 24 hours: the price reacts
Dogecoin (DOGE) has not yet recovered from Elon Musk's tribute to Kabosu, the dog who inspired the creation of this famous meme cryptocurrency. With Musk's posts regarding DOGE being a key factor in its growth, some of its main indicators have shown an increase.
Currently, Dogecoin is trading at $0.167, marking a 3.67% rise over the past 24 hours. This increase comes as the price of Bitcoin is in a consolidation phase, having increased by 2.67% to reach $69,218.58. Dogecoin's growth over the past week has not followed a steady pattern.
$DOGE #Dogecoin #dogecoin20
Dogecoin (DOGE) has not yet recovered from Elon Musk's tribute to Kabosu, the dog who inspired the creation of this famous meme cryptocurrency. With Musk's posts regarding DOGE being a key factor in its growth, some of its main indicators have shown an increase.
Currently, Dogecoin is trading at $0.167, marking a 3.67% rise over the past 24 hours. This increase comes as the price of Bitcoin is in a consolidation phase, having increased by 2.67% to reach $69,218.58. Dogecoin's growth over the past week has not followed a steady pattern.
$DOGE #Dogecoin #dogecoin20
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Binance is preparing a spectacular listing: who will be the lucky one?
Cryptocurrency exchange platforms no longer just offer simple trading. They evolve into true decentralized finance (DeFi) ecosystems. For example, Bitget Wallet has just launched the Bitget Onchain Layer, an ambitious infrastructure allowing access to the complete DeFi universe, supported by a dedicated fund of $10 million.
Crypto giants are building their own ecosystems! BitGet Wallet announced the creation of a $10 million fund to grow its crypto ecosystem. Its goal is to deploy its own on-chain service layer, called Bitget Onchain Layer. This strategic movement is not isolated: renowned platforms like OKX, Binance and Kraken are following this same path. They all offer integrated decentralized wallets and their own blockchains, with the aim of offering a complete service to their users.
Crypto giants are building their own ecosystems! BitGet Wallet announced the creation of a $10 million fund to grow its crypto ecosystem. Its goal is to deploy its own on-chain service layer, called Bitget Onchain Layer. This strategic movement is not isolated: renowned platforms like OKX, Binance and Kraken are following this same path. They all offer integrated decentralized wallets and their own blockchains, with the aim of offering a complete service to their users.
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Nigerian judge postpones trial of Binance and its executives due to illness
$BNB
The money laundering trial against cryptocurrency exchange Binance and two of its executives has been postponed until June 20 by a Nigerian court, due to the failure of one of the accused to appear in court.
Binance executives Tigran Gambaryan, a US citizen and financial crimes compliance officer, and Nadeem Anjarwalla, a British-Kenyan national and regional director for Africa, are accused of laundering more than $35 million and have carried out specialized financial activities without a license.
The money laundering trial against cryptocurrency exchange Binance and two of its executives has been postponed until June 20 by a Nigerian court, due to the failure of one of the accused to appear in court.
Binance executives Tigran Gambaryan, a US citizen and financial crimes compliance officer, and Nadeem Anjarwalla, a British-Kenyan national and regional director for Africa, are accused of laundering more than $35 million and have carried out specialized financial activities without a license.
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$ETH
No one would have put a cent in cryptocurrency on a spectacular rise in Ethereum last Sunday. However, since Monday, ETH is seeing an impressive recovery, marked by notable progress towards the approval of Ethereum Spot ETFs in the United States by the SEC. The regulator's decision is scheduled for this evening.
No one would have put a cent in cryptocurrency on a spectacular rise in Ethereum last Sunday. However, since Monday, ETH is seeing an impressive recovery, marked by notable progress towards the approval of Ethereum Spot ETFs in the United States by the SEC. The regulator's decision is scheduled for this evening.
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TV presenter becomes CEO of a crypto platform
Gracy Chen, a television host since 2014, was recently named CEO of BitGET. With solid experience in the field of blockchain, she is also one of the first investors in the platform's Wallet solution.
The transition to leadership of BitGet
Gracy Chen succeeds Sandra Lou as CEO of BitGET. A long-time TV host, she was always fascinated by blockchain, cryptocurrencies and Web3, which led her to invest early in BitKeep, later renamed Bitget Wallet.
The transition to leadership of BitGet
Gracy Chen succeeds Sandra Lou as CEO of BitGET. A long-time TV host, she was always fascinated by blockchain, cryptocurrencies and Web3, which led her to invest early in BitKeep, later renamed Bitget Wallet.
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Donald Trump has now opened the possibility of receiving campaign donations in cryptocurrencies.
$BTC
Presumptive Republican presidential nominee Donald Trump announced last Tuesday that he would be open to receiving donations in bitcoin, ether, dogecoin, solana and other cryptocurrencies. The move makes him the first major party candidate to accept these digital forms of payment. During a gala at Mar-a-Lago earlier this month, the former president had already expressed his interest in cryptocurrencies, marking the start of their integration into the 2024 campaign.
Presumptive Republican presidential nominee Donald Trump announced last Tuesday that he would be open to receiving donations in bitcoin, ether, dogecoin, solana and other cryptocurrencies. The move makes him the first major party candidate to accept these digital forms of payment. During a gala at Mar-a-Lago earlier this month, the former president had already expressed his interest in cryptocurrencies, marking the start of their integration into the 2024 campaign.
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Crypto expert Willy Woo predicts a record short squeeze for Bitcoin.
<br /><br />L'expert en crypto Willy Woo anticipe un record pour le short squeeze du Bitcoin <br /><br />
As cryptocurrency market sentiment turns optimistic and top cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) post solid gains over the past 24 hours, the race to new all-time highs is on.
Bitcoin rose 6.06% the day before, surpassing the $70,000 threshold for the first time in over a month. Due to a short squeeze, experts believe that Bitcoin could soon reach a new all-time high. Traders who had bet against Bitcoin are forced to repurchase their positions, driving the price even higher.
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Ethereum Spot ETF: what consequences if approved by the SEC?
$ETF ETH
When the Securities and Exchange Commission (SEC) approved the issuance of a Bitcoin ETF on American stock exchanges, the financial markets held their breath. It was a landmark event, demonstrating that cryptocurrencies were beginning to be recognized by traditional finance. As of mid-2024, Ethereum (ETH), the second largest cryptocurrency, is now awaiting SEC approval to introduce an ETH ETF.
This article explains what an Ethereum Spot ETF is, the consequences of the arrival of such an ETF on the cryptocurrency market and on Ethereum prices, price projections for 2024 based on technical analysis, as well as as the advantages and disadvantages of Ethereum Spot ETFs.
When the Securities and Exchange Commission (SEC) approved the issuance of a Bitcoin ETF on American stock exchanges, the financial markets held their breath. It was a landmark event, demonstrating that cryptocurrencies were beginning to be recognized by traditional finance. As of mid-2024, Ethereum (ETH), the second largest cryptocurrency, is now awaiting SEC approval to introduce an ETH ETF.
This article explains what an Ethereum Spot ETF is, the consequences of the arrival of such an ETF on the cryptocurrency market and on Ethereum prices, price projections for 2024 based on technical analysis, as well as as the advantages and disadvantages of Ethereum Spot ETFs.
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