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⚠ Justin Sun ridicules Germany’s Bitcoin sell-off after UEFA Euro knockout Justin Sun, the founder of the Tron blockchain, made fun of Germany and its massive BTC sell-off. Justin suggested that Germany lost in the UEFA Euro 2024 Cup quarter-finals because she ‘sold too much Bitcoin.’ Other X users and BTC enthusiasts added to the tweet, with some X users suggesting that Germany should have HODLed. Germany started shorting Bitcoin gathered from illegal activities at the end of June, following Mt. Gox’s plans to begin repaying its creditors. Mt. Gox, a former Japanese crypto exchange, went bankrupt in 2014 after suffering a series of heists. The exchange lost approximately 950,000 BTC. Mt. Gox recently began making payments to its 20,000+ creditors in BTC and BCH. The 5,000 BTC Germany transferred since the sell-off began are approximately $258 million at current BTC prices. The main accounts Germany moved its BTC to include Bitstamp, Coinbase, and Kraken. Data from Arkham Intelligence shows that Germany has 39,826 BTC left, valued at $2.31 billion. The crypto markets seemed to recover on July 6 despite the market uncertainty experienced over the past few weeks. Bitcoin’s price increased by approximately 2.35%, retesting the $57,000 level. The crypto market also showed a general upward trend, with the global market cap increasing by over 2% in the past 24 hours. 🔾 Joana Cotar disapproves of Germany’s BTC sale German politician Joana Cotar posted her thoughts on Germany’s decision to short its BTC on X. In her tweet, Joana mentioned her concerns about the country selling off its Bitcoin instead of holding it as a strategic reserve currency. 💬 Statt #Bitcoin als strategische ReservewĂ€hrung zu halten, wie es in den USA bereits debattiert wird, verkauft unsere Regierung im großen Stil. Ich habe @MPKretschmer, @c_lindner & @Bundeskanzler @OlafScholz darĂŒber informiert, warum dies nicht nur nicht sinnvoll, sondern.. — Joana Cotar #BTC $BTC #JustinSun
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đŸ”„ Shiba Inu Lead Shytoshi Kusama Confirms India Visit, What’s In Store? In a groundbreaking move, the enigmatic Shiba Inu project lead, Shytoshi Kusama, has confirmed his next destination: Mumbai, India. This announcement follows his electrifying appearance at the IVS Conference in Kyoto, Japan. During his Kyoto visit, Kusma captivated the Shiba Inu community, also known as the SHIB Army, as he made his first-ever public appearance. 🔾Shytoshi Kusama Confirms Another Public Apperance As Shiba Inu lead developer, Shytoshi Kusama, announced his visit to India, the country’s SHIB community got excited. After the success of the recent Kyoto event, a similar frenzy could be witnessed along Mumbai’s shores. In a post on X, Kusama wrote, “Thank you, Kyoto! Great event @IVS_Official ! Next stop
 Mumbai!” Earlier, Kusama’s appearance at the Shiba Inu booth in Kyoto, as he previously hinted on his social media, was met with tremendous enthusiasm. The Shiba Inu lead was dressed in a black haori samurai ensemble and a Batman-style mask. Hence, he maintained his pseudonymous identity while engaging with the Shib Army and other crypto enthusiasts. Moreover, the event was marked by photos and videos going viral within the Shiba Inu community, amplifying the excitement around the project. Furthermore, Lucie, #Shiba Inu’s marketing lead, expressed her delight at this historic moment. She spotlighted highlighting the enthusiasm of the Japanese Shib Army. In her tweet, she thanked the community and shared a photo of Kusama alongside a Japanese politician, emphasizing the significance of the encounter. In addition, a prominent Shib Inu community member from Japan, shared videos from the event. The videos showcased Kusama interacting with participants at the Shiba Inu booth. Moreover, another video showed him shaking hands and signing a participant’s cap, further solidifying his connection with the community. Additionally, WeCreate3, a student community of Japanese Web3 enthusiasts, also documented their meeting with Kusama. $SHIB
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👀 Have the Expected Whales in Bitcoin Returned? What's next? Price Exceeded $58,000! The leading cryptocurrency, Bitcoin, fell below $54,000 on Friday due to the selling pressure it experienced following the transfers made within the scope of the German government and Mt.Gox refunds. While BTC fell to levels last seen in February, it recovered today and rose above $57,000. Analysts say this recovery is due to investors' Mt. Gox's $8 billion BTC refund shows that the US and German governments are starting to overcome the pressure from BTC sales, he said. Additionally, analysts said that net inflows in spot Bitcoin ETFs also supported the recovery. 🔾 Biggest Net Inflow in Spot Bitcoin ETFs in a Month! According to Coinglass data, US-based spot Bitcoin ETFs experienced the largest net inflow day since June 6 on July 5, following two consecutive days of net outflows, recording a total inflow of $143 million. Analysts said the significant inflows into ETFs showed that institutional investors and whales were taking advantage of the decline to accumulate Bitcoin at lower prices. 🔾Bitcoin Needs to Make Its Weekly Close Above $60,600! Evaluating the latest price movements of Bitcoin in his latest YouTube video, pseudonymous analyst Rekt Capital said that Bitcoin should close its weekly close above $ 60,600 to avoid further corrections. The analyst also emphasized that apart from the weekly close, BTC should gain more momentum to rise in the $57,000 to $65,000 price range. He added that if BTC gains upward momentum between $57,000-65,000, the price could rise to $65,000-73,000. “Bitcoin needs to make its weekly close above $60,600 to start rising again. Especially if Bitcoin fails to do this, the previous support will turn into resistance. “After breaking the $60,600 resistance, BTC should also gain more momentum to rise in the $57,000 to $65,000 price range.” #BTC $BTC
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⭐ VeChain (#VET ) at a Key Support Level, Is it the Beginning of an Uptrend? ● Despite a 40% dip after the Better Tomorrow partnership announcement, VET faces resistance at the 50-day EMA and SMA but seeks support around the 200-day EMA. ● VeChain’s market condition shows less selling pressure despite price drops. Investors are interested in buying VET in the 2.9 to 3.2 cent range. ● While corrections in Bitcoin may impact VeChain, upside volatility is expected. Price spikes above the 50-day EMA and SMA could lead to a significant rally. VET’s price dipped by 40% since VeChain announced a partnership with Better Tomorrow. Despite this setback, VET is showing a bullish outlook. Currently, VET is facing resistance at the 50-day exponential moving average (EMA) and simple moving average (SMA). However, VET is simultaneously seeking support around the 200-day EMA. 💬 And here we are. This better be the bottom, we can't afford to fall much lower. Also with the oversold RSI, this is the perfect bounce region. I'm calling this to be a bottom. I'll admit my mistake if i'm wrong. #Vechain — abermix A breakout could be imminent if VET establishes and maintains this support level. However, a close below the 200-day EMA might push the price of VET to 2.9 to 3.22 cent range. This current price action represents a standard corrective move rather than a long-term downward trend. One encouraging aspect of VeChain’s market condition is the volume profile. Despite price drops, the decrease in volume indicates less selling pressure. Investors seem more interested in buying VET on a macro scale, particularly in the 2.9 to 3.2 cent range. This suggests that VET long-term strength remains intact. Comparing VeChain to Bitcoin, we find similarities. Any correction in Bitcoin could impact VET, but there’s also an expectation of upside volatility. Price spikes above the 50-day EMA and SMA may precede a significant rally. As of writing, the price of VeChain stands at $0.02, with a 12.09% increase in the last 24 hours. $VET
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Justin Sun New Solution: No Gas Fees for Stablecoin Transfers ● TRON’s new solution allows gas-free stablecoin transfers, covering costs entirely covered by the stablecoin itself. ● Justin Sun’s innovative service will first launch on Tron and then expand to Ethereum and EVM-compatible chains. In a recent tweet, TRON CEO Justin Sun said that his team is working on a novel way to enable gas-free stablecoin transfers. The new solution allows transfers to be completed without the need of gas tokens, with the stablecoin covering all costs. 🔾 Implementation Across Multiple Blockchains This ground-breaking solution will initially be implemented on the Tron network. Following its launch on Tron, the service will expand to include Ethereum and any other EVM-compatible public chains. 💬 Our team is developing a new solution that enables gas-free stablecoin transfers. In other words, transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves. — H.E. Justin Sun ć­™ćź‡æ™š (@Justin Sunć­™ćź‡æ™š ) The deliberate deployment aims to maximize the effect and reach of this new functionality by making use of the extensive compatibility of EVM chains. Sun anticipates launching this service in the fourth quarter of this year. He believes that comparable services will greatly help large corporations launch stablecoin services on the blockchain. This development is likely to drive blockchain mass adoption to new heights, providing a more efficient and cost-effective method of transaction processing. Justin Sun’s latest developments cement TRON’s status as a leader in blockchain innovation. The advent of gas-free stablecoin transfers is expected to transform the way blockchain transactions are handled, lowering costs and enhancing efficiency. Furthermore, Sun’s smart market interventions reflect his dedication to the expansion and stability of the crypto ecosystem. #JustinSun
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