LIVEHigh returns updates
@Square-Creator-f83114703
Following
Followers
Liked
Shared
Bitcoin and Stock Markets Under Pressure as US Treasury Yields Surge.
#BTC #USStockMarket
According to PANews, the financial markets experienced a downturn on Wednesday as the yield on 10-year US Treasury bonds surged to 4.64%, causing unease among investors already concerned about the prospects of interest rate cuts in 2024. Bitcoin's bullish trend stalled at $68,860 in early trading, and after the US stock market closed, it fell to a daily low of $67,100. At the time of writing, Bitcoin was trading at $67,501, a 24-hour drop of 1.52%.
Analysts at Secure Digital Markets stated that Bitcoin continues to pull back to the 20-day moving average near $66,500 as expected. The support range of $65,000 - $66,000 remains strong. However, as long as the dollar index and 10-year yield continue to rise, they expect risk assets to remain under pressure.
The overall market value of cryptocurrencies is currently $2.53 trillion, with Bitcoin's market share at 52.6%. In the US stock market, the rise in US Treasury yields continues to put pressure on the broader market. At the close on Wednesday, the S&P 500, Dow Jones, and Nasdaq indices all fell, down 0.74%, 1.06%, and 0.58% respectively.
Data from Glassnode shows that long-term Bitcoin holders (LTH) have begun to accumulate coins again since December 2023, after several months of selling. Analysts pointed out that the spending pressure of long-term holders has significantly weakened in the past week, and investors have returned to the accumulation mode. This indicates that volatility is a necessary condition for triggering a new round of selling.
It's worth noting that Glassnode observed that the price trend of Bitcoin in the past three months has been more moderate than in previous bull market cycles. In the past three months, Bitcoin's weekly, monthly, and quarterly gains have exceeded 3.3%, 7.4%, and 25.6% respectively, while in the past 90 days, only 5 days' gains have exceeded 3.3%, 7.4%, and 25.6%.
Despite most analysts expecting Bitcoin's consolidation to continue in the short term, a survey on social media Twitter shows that calls for a bullish breakout rebound are becoming more frequent as the market begins to enter the golden period after Bitcoin halving (historically, Bitcoin prices have always been on an upward trend).
According to PANews, the financial markets experienced a downturn on Wednesday as the yield on 10-year US Treasury bonds surged to 4.64%, causing unease among investors already concerned about the prospects of interest rate cuts in 2024. Bitcoin's bullish trend stalled at $68,860 in early trading, and after the US stock market closed, it fell to a daily low of $67,100. At the time of writing, Bitcoin was trading at $67,501, a 24-hour drop of 1.52%.
Analysts at Secure Digital Markets stated that Bitcoin continues to pull back to the 20-day moving average near $66,500 as expected. The support range of $65,000 - $66,000 remains strong. However, as long as the dollar index and 10-year yield continue to rise, they expect risk assets to remain under pressure.
The overall market value of cryptocurrencies is currently $2.53 trillion, with Bitcoin's market share at 52.6%. In the US stock market, the rise in US Treasury yields continues to put pressure on the broader market. At the close on Wednesday, the S&P 500, Dow Jones, and Nasdaq indices all fell, down 0.74%, 1.06%, and 0.58% respectively.
Data from Glassnode shows that long-term Bitcoin holders (LTH) have begun to accumulate coins again since December 2023, after several months of selling. Analysts pointed out that the spending pressure of long-term holders has significantly weakened in the past week, and investors have returned to the accumulation mode. This indicates that volatility is a necessary condition for triggering a new round of selling.
It's worth noting that Glassnode observed that the price trend of Bitcoin in the past three months has been more moderate than in previous bull market cycles. In the past three months, Bitcoin's weekly, monthly, and quarterly gains have exceeded 3.3%, 7.4%, and 25.6% respectively, while in the past 90 days, only 5 days' gains have exceeded 3.3%, 7.4%, and 25.6%.
Despite most analysts expecting Bitcoin's consolidation to continue in the short term, a survey on social media Twitter shows that calls for a bullish breakout rebound are becoming more frequent as the market begins to enter the golden period after Bitcoin halving (historically, Bitcoin prices have always been on an upward trend).
#ETH
Ethereum(ETH) Surpasses 3,800 USDT with a Narrowed 1.94% Decrease in 24 Hours.
Ethereum(ETH) has narrowly rose on May 30, 2024, 04:34 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,800 USDT benchmark and is now trading at 3,800.75 USDT, with a narrowed 1.94% decrease in 24 hours.
If you are a long trader, it could be a time to check it out.
Ethereum(ETH) Surpasses 3,800 USDT with a Narrowed 1.94% Decrease in 24 Hours.
Ethereum(ETH) has narrowly rose on May 30, 2024, 04:34 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,800 USDT benchmark and is now trading at 3,800.75 USDT, with a narrowed 1.94% decrease in 24 hours.
If you are a long trader, it could be a time to check it out.
#Goodnews
US Senate to Vote on Joint Resolution 109, Aiming to Invalidate SEC's SAB 121.
According to Blockworks, the US Senate is set to vote on Joint Resolution 109 this Thursday. Insiders from Capitol Hill anticipate that the resolution will garner sufficient Democrat support to pass. Joint Resolution 109, which received bipartisan approval in the House of Representatives last week, seeks to nullify the Security and Exchange Commission’s (SEC) contentious Staff Accounting Bulletin (SAB) 121. Introduced in March 2022 and implemented the following month, SAB 121 mandates that digital asset custodians report a liability and 'corresponding assets' on their balance sheets for all custodied cryptocurrencies.
US Senate to Vote on Joint Resolution 109, Aiming to Invalidate SEC's SAB 121.
According to Blockworks, the US Senate is set to vote on Joint Resolution 109 this Thursday. Insiders from Capitol Hill anticipate that the resolution will garner sufficient Democrat support to pass. Joint Resolution 109, which received bipartisan approval in the House of Representatives last week, seeks to nullify the Security and Exchange Commission’s (SEC) contentious Staff Accounting Bulletin (SAB) 121. Introduced in March 2022 and implemented the following month, SAB 121 mandates that digital asset custodians report a liability and 'corresponding assets' on their balance sheets for all custodied cryptocurrencies.
#Shibalnu
#BreakingCryptoNews
According to CryptoPotato, the Shiba Inu ecosystem is transitioning its native decentralized exchange to Shibarium, launching ShibaSwap 2.0. This decentralized exchange (DEX) will now be operational on both Ethereum and Shibarium, the layer 2 blockchain of the SHIB ecosystem, which is designed for scalable, fast, and affordable transactions. ShibaSwap 2.0 will introduce new features such as enhanced user processes for adding and reducing liquidity, staking, and trend analysis. It will also include discovery charts for new and trending tokens and facilitate the integration of new tokens into the ShibaSwap market.
A portion of the transaction fees will be paid out to liquidity providers, thereby increasing the value of their LP tokens used in swap transactions. Shiba Inu Lead Developer Shytoshi Kusama stated that ShibaSwap 2.0 is the 'redesigned beating heart of a freshly forked Shibarium, where community tokens can flourish.' He also mentioned that this new user experience is still an early version of Shibaswap, with more updates planned for the product.
The Shibarium network has now recorded over 400 million transactions. Last month, developers introduced Fully Homomorphic Encryption (FHE) to the SHIB blockchain ecosystem, a technology aimed at enhancing user privacy. The price of SHIB increased by 3% on Wednesday, in line with Bitcoin (BTC). Concurrently, BONE, the governance token of the ShibaSwap exchange, saw a 7.6% increase.
#BreakingCryptoNews
According to CryptoPotato, the Shiba Inu ecosystem is transitioning its native decentralized exchange to Shibarium, launching ShibaSwap 2.0. This decentralized exchange (DEX) will now be operational on both Ethereum and Shibarium, the layer 2 blockchain of the SHIB ecosystem, which is designed for scalable, fast, and affordable transactions. ShibaSwap 2.0 will introduce new features such as enhanced user processes for adding and reducing liquidity, staking, and trend analysis. It will also include discovery charts for new and trending tokens and facilitate the integration of new tokens into the ShibaSwap market.
A portion of the transaction fees will be paid out to liquidity providers, thereby increasing the value of their LP tokens used in swap transactions. Shiba Inu Lead Developer Shytoshi Kusama stated that ShibaSwap 2.0 is the 'redesigned beating heart of a freshly forked Shibarium, where community tokens can flourish.' He also mentioned that this new user experience is still an early version of Shibaswap, with more updates planned for the product.
The Shibarium network has now recorded over 400 million transactions. Last month, developers introduced Fully Homomorphic Encryption (FHE) to the SHIB blockchain ecosystem, a technology aimed at enhancing user privacy. The price of SHIB increased by 3% on Wednesday, in line with Bitcoin (BTC). Concurrently, BONE, the governance token of the ShibaSwap exchange, saw a 7.6% increase.
Japanese Listed Company Metaplanet Adopts Bitcoin As Strategic Reserve Asset.
According to Foresight News, Metaplanet, a publicly traded company in Japan, has announced that it has adopted Bitcoin as its strategic reserve asset. This move is aimed at strengthening the company's balance sheet and protecting against the permanent depreciation of the yen. It also positions Metaplanet as a global investment tool focused on Bitcoin.
Metaplanet is involved in hotel development and operations. In addition to this, the company also ventures into various other fields such as IR and Web3 consulting, real estate development, investment, and distribution businesses.
According to Foresight News, Metaplanet, a publicly traded company in Japan, has announced that it has adopted Bitcoin as its strategic reserve asset. This move is aimed at strengthening the company's balance sheet and protecting against the permanent depreciation of the yen. It also positions Metaplanet as a global investment tool focused on Bitcoin.
Metaplanet is involved in hotel development and operations. In addition to this, the company also ventures into various other fields such as IR and Web3 consulting, real estate development, investment, and distribution businesses.
#scamalart
North Korean Hacker Group Uses 'Durian' Malware In Attacks On Cryptocurrency Companies.
According to Foresight News, cybersecurity firm Kaspersky has released a threat report detailing the activities of North Korean hacker group Kimsuky. The group has reportedly been using a malware known as 'Durian' in a series of attacks targeting at least two cryptocurrency companies.
Durian is said to possess comprehensive backdoor capabilities, enabling it to execute delivered commands, download additional files, and exfiltrate files. This sophisticated malware has been instrumental in the hacker group's attacks, demonstrating the increasing threat to cybersecurity in the cryptocurrency sector.
The report from Kaspersky highlights the growing need for robust security measures within the cryptocurrency industry, as it continues to be a prime target for cybercriminals. The use of advanced malware like Durian by hacker groups such as Kimsuky underscores the evolving nature of these threats and the importance of staying ahead in the cybersecurity landscape.
North Korean Hacker Group Uses 'Durian' Malware In Attacks On Cryptocurrency Companies.
According to Foresight News, cybersecurity firm Kaspersky has released a threat report detailing the activities of North Korean hacker group Kimsuky. The group has reportedly been using a malware known as 'Durian' in a series of attacks targeting at least two cryptocurrency companies.
Durian is said to possess comprehensive backdoor capabilities, enabling it to execute delivered commands, download additional files, and exfiltrate files. This sophisticated malware has been instrumental in the hacker group's attacks, demonstrating the increasing threat to cybersecurity in the cryptocurrency sector.
The report from Kaspersky highlights the growing need for robust security measures within the cryptocurrency industry, as it continues to be a prime target for cybercriminals. The use of advanced malware like Durian by hacker groups such as Kimsuky underscores the evolving nature of these threats and the importance of staying ahead in the cybersecurity landscape.
#Ripple
Ripple CEO Predicts Tether as Next Target for US Government.
According to PANews, Ripple's CEO, Brad Garlinghouse, has recently suggested that Tether, the issuer of USDT, could be the next enforcement target for the US government. Garlinghouse believes that Tether plays a significant role in the cryptocurrency market system, and he is uncertain about the potential impact this could have on the market.
A few months ago, some reports from government agencies claimed that Tether (USDT) was being used as a payment option for terrorist organizations, illegal financing, and money laundering. In response to these allegations, Tether's executives stated that USDT had never been used for any large-scale illegal activities, and any small-scale misuse of USDT had been successfully curtailed.
Ripple CEO Predicts Tether as Next Target for US Government.
According to PANews, Ripple's CEO, Brad Garlinghouse, has recently suggested that Tether, the issuer of USDT, could be the next enforcement target for the US government. Garlinghouse believes that Tether plays a significant role in the cryptocurrency market system, and he is uncertain about the potential impact this could have on the market.
A few months ago, some reports from government agencies claimed that Tether (USDT) was being used as a payment option for terrorist organizations, illegal financing, and money laundering. In response to these allegations, Tether's executives stated that USDT had never been used for any large-scale illegal activities, and any small-scale misuse of USDT had been successfully curtailed.
$LEVER
#Binance
Wouldn't it be great if Binance gave a reason as to why it has two different data(figures) for this Token's "All Time Low"?
In one of the images, in the Chart, it shows that $LEVER All-Time-Low is 0.000823, while in the Info page, it shows that the All-Time-Low is 0.0008609...
It is worth noting that transparency in data is of major significance in any sector of life.
#Binance
Wouldn't it be great if Binance gave a reason as to why it has two different data(figures) for this Token's "All Time Low"?
In one of the images, in the Chart, it shows that $LEVER All-Time-Low is 0.000823, while in the Info page, it shows that the All-Time-Low is 0.0008609...
It is worth noting that transparency in data is of major significance in any sector of life.
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Trending Topics
Megadrop
43.1M views
23,278 Posts
Binance Announces the 2nd Binance Megadrop Featuring Lista (LISTA); Participate Through BNB Locked Products or Web3 Quests
Binance News
32 Likes
8k views
MtGox
9.2M views
4,960 Posts
StartInvestingInCrypto
8.4M views
5,090 Posts
