MasterCard has resumed crypto payment services on Binance, including deposits, after disabling them in August 2023. The #Binance-branded Visa card is also operational on the exchange.
🔹 Bloomberg: the launch of ETH ETF trading on July 2 has received another confirmation
VanEck has filed Form 8-A for spot ETH ETFs and that's just part of the process, but in the case of the Bitcoin ETF, it was done exactly 7 days before the trading launch. #Eth
I bought some more $PEPE during the recent dip. Maybe not at the absolute lowest point, but what matters more isn't the small percentage difference, but my conviction in the asset and the percentage of it in my portfolio.
I have a lot of $PEPE, and I believe the game is not over yet.
💎 Notcoin airdrop is bigger than ZkSync and LayerZero combined.
In the first 6 months after its public launch, Notcoin attracted more people to Web3 than any other project.
Without raising any funds, $NOT has been listed on Binance and reached a market cap of over $2.5 billion in just two weeks.
The $NOT airdrop distributed tokens to 11.5 million people with no locks or vesting. At the all-time high price, this equates to approximately $250 per user, for a total of $2.7 billion. Over 90% of the supply was distributed to the community for in-game mining, through launch pools and trading activities.
Notcoin had no investors, did not charge users in the game, and the airdrop was also free. Anyone was able to earn it during the mining phase. What started as "probably nothing" became a community phenomenon.
👀 According to IntoTheBlock, Bitcoin miners have sold more than 30,000 BTC (about $2 billion) since June, the fastest in more than a year
It is possible that the recent halving has led to a decline in profits, triggering the sell-off. QCP also said that Miner BTC holdings have dropped to the lowest level in the past 14 years.
$156 Million in Long Positions Liquidated in 24 Hours 👀
🌧Major FUD (Fear, Uncertainty, Doubt) Currently:
▪️There is widespread concern that the return of BTC and BCH from Mt Gox will lead to immediate market sales, causing the market to decline even further.
▪️Ethereum ETF Demand: There is skepticism about the demand for an Ether ETF, with fears that prices might drop to $2,400 once trading begins.
▪️Rumors are circulating that Solana may be under investigation, potentially leading to significant market impacts soon.
☀️Positive Highlights:
▪️Michael Saylor’s Prediction: Michael Saylor has predicted that Bitcoin will eventually reach a price of $10 million, and that China will lift its ban on cryptocurrency trading.
▪️The Japanese company Metaplanet, similar to MicroStrategy, plans to issue $6.3 million in bonds to purchase BTC.
Bitcoin Price Solid at $64K as Cardano (ADA) Surges 4% Daily
Bitcoin has managed to stop the bleeding over the past 24 hours while most of the altcoins are attempting to recover.
The cryptocurrency market is painted in green today, with most of the coins attempting to recover.
BTC dropped to a low of $63,400, marking a 5-week low amid a turbulent and declining crypto market.
It appears, though, that over the past 24 hours, the bulls have managed to regroup and have so far stopped the decrease. BTC is trading flat at around $64K. #bitcoin
This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs.
The continuous unlocking of tokens, sales by venture funds, and lack of capital inflow have led to significant declines in altcoin prices. SOL, AVAX, APT, and SUI have lost 40-70% in recent months, while BTC and ETH have only decreased by 15% from their annual highs.
The lack of capital particularly harms tokens with large upcoming unlocks, noted David Shuttleworth from Anagram. The cryptocurrency market is consolidating, but holders of smaller cryptocurrencies are suffering heavy losses: SOL and AVAX have fallen by 40-50%, and SUI and APT by 60-70%. #bitcoin
There's a trend of growth immediately after elections and a small rise leading up to them.
Why is this happening? In the run-up to the election, the old administration is pushing the markets up a bit to show power and prosperity under them.
А новая администрация, когда приходит к власти также пушит рынки, чтобы показать электорату правильность их выбора. Также влияет геополитическая неопределенность сразу после выборов, а в такие моменты инвестора ищут защитные активы, коим и является $BTC.
When a new administration takes office, they also tend to push markets to showcase the correctness of their election. Additionally, geopolitical uncertainty right after elections influences investors to seek defensive assets, including $BTC.
The next US elections will take place on November 5, 2024.
Bitcoin drops by 3.5% as German government sells off $325 million BTC
Bitcoin the primary crypto asset dropped by 3.5% on Friday morning to $64,700 as volatility shook the asset following a humungous sell-off of Bitcoin assets by the German government.
Bitcoin in the last hour has dropped by nearly 1.2% continuing an underwhelming trend that has witnessed the asset drop by over 9% in the last two weeks. #bitcoin
Tether on TRON Network Surpasses Visa’s Average Daily Volume Hitting $53B
The 24-hour trading volume of Tether (USDT) reached $53 billion on the TRON network, surpassing payment giant Visa’s average daily trading volume of $42 billion for Q1, 2024.
This comparison is particularly important given Visa’s stature as one of the world’s largest payment processors, managing billions of transactions across more than 200 countries and regions.