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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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Happy Bitcoin Pizza Day 💛🍕✨ Feeling twice honored today as the 1st Pizza got delivered to our Bonuz HQ by Binance CMO @RachelConlan ✨💛 2nd Pizza was tailor-made by the Co-founder @heyibinance
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Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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⛔⛔ 4 REASONS WHY BITCOIN DIPPED BELOW $60K⛔⛔ 1. Downtrend Since June 📉 🔻 Bitcoin has struggled to maintain upward momentum since the beginning of June. Over the second quarter of 2024, BTC logged an 18% decline, and it continued to face headwinds despite positive ETF inflows. 2. Potential Mt. Gox Repayments 💰 💸 The recent dip below $60,000 is largely attributed to the impending Mt. Gox creditor repayments. The defunct exchange, which collapsed over a decade ago, holds over $9.4 billion worth of Bitcoin. Approximately 127,000 creditors have been waiting to recover their funds, and the repayment process may have begun. 📊 Spent Volume Surge: Charles Edwards, founder of Capriole Investments, highlighted an enormous on-chain Bitcoin movement, suggesting that the long-awaited Mt. Gox distributions are indeed happening. Edwards noted, “The entire history of this chart has disappeared because an enormous sum of Bitcoin moved on-chain, 10X more than the previous highs. $9B. But by who? Mt. Gox.” 3. Market Reactions and Implications 📊 🌐 Market Uncertainty: The potential sell-off from Mt. Gox creditors, who may liquidate their holdings after a decade, could exert significant selling pressure on Bitcoin. This, combined with ongoing market uncertainties, has investors bracing for further volatility. 📉 Support Levels: Bitcoin’s local bottom of $59,600 threatens to extend the current consolidation phase. Investors have been eyeing a breakout above $70,000 to pave the way for new all-time highs, but losing the $60,000 support could delay such a rally. 4. Institutional Inflows vs. Sell Pressure ⚖ 🏦 ETF Inflows: Despite the sell-off fears, institutional inflows into U.S.-based spot Bitcoin ETFs have been strong. Since their launch in January, these ETFs have amassed over $52.5 billion worth of BTC, potentially absorbing some of the selling pressure from Mt. Gox repayments. Will BTC crash? You decide! @Professor Mende - Founder of BONUZ Project - in Dubai UAE out! #bitcoinprice #marketanalysis #markettrends #bullbear #btc $BTC  $ETH  $BNB
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📈 WILL ETHEREUM OUTPERFORM BITCOIN AFTER ETF LAUNCH?🚀 Ethereum’s price could surge with the imminent launch of U.S.-based spot Ether ETFs, setting it up to outperform Bitcoin. Here's why this could be a game-changer for ETH: 1. ETF Launch: A "Golden Egg" for Ethereum 🥚 🌟 K33 Research analysts Vetle Lunde and David Zimmerman highlight that the upcoming launch of spot Ether ETFs, expected as soon as July 8, could significantly boost ETH's price. by attracting substantial inflows. 2. Bitcoin's Headwinds: Mt. Gox Repayments ⛔ 💸 Bitcoin, on the other hand, faces potential sell pressure with $8.5 billion worth of BTC set to be returned to creditors of the defunct Mt. Gox exchange. This looming distribution could dampen Bitcoin's price performance in the near term. 3. Current ETH/BTC Valuation: A Bargain? 🤑 🔍 Ethereum has been underperforming relative to Bitcoin for over a year. BTC’s market-leading gains in 2024 have been driven by over $14 billion flowing into spot Bitcoin ETFs. However, ETH's relative value to BTC is seen as a bargain by the analysts, with ETH/BTC trading at a rate of 1 ETH to 0.055 BTC. 4. Anticipated ETF Inflows 📈 📊 The analysts foresee that spot Ether ETFs could bring net inflows equivalent to 0.75-1% of ETH’s circulating supply within five months post-launch. These inflows are expected to bolster ETH’s price, providing a strong catalyst for relative strength against Bitcoin as the summer progresses. 5. Market Sentiment and Trader Positioning 🔄 📉 Despite the positive outlook, the market remains skeptical. Ether futures are trading at a relative discount to Bitcoin futures. However, Lunde and Zimmerman point out that many traders are leveraging up on ETH, indicating high expectations for ETH’s price action ahead of the ETF launches. Do you think $ETH will outperform $BTC ? Why / why not? Drop a comment below! #eth #ethereum #ethereumetf #btc #bitcoin $BNB
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🚨 $572,000,000 IN CRYPTO SCAM LOSSES IN Q2 2024 🚨 💥 Losses from crypto hacks and scams skyrocketed by 113% in Q2 2024, hitting $572 million compared to $220 million in the same period last year, according to Immunefi. Centralized Exchanges Hit Hard 🏦 The majority of these losses stemmed from centralized exchange hacks. Centralized protocols and exchanges suffered approximately $401 million in losses, which is 70% of the total losses for the quarter. Major Hacks 🔑 The biggest single loss was the $305 million private key hack of the DMM crypto exchange on May 31. 💸 Another significant hit was the $55 million hack of BtcTurk on June 22. Together, these two incidents accounted for over 62% of the total losses for the quarter. Reversing Previous Trends 📉 Before this quarter, losses from hacks and scams had been on a downward trend. Q1 2024 saw a 23% reduction in losses. This decline continued, but losses surged dramatically by the end of May and June. Decentralized Finance (DeFi) Still Vulnerable 🔓 DeFi protocols experienced $171 million in losses, which is a 25% decrease from Q2 2023. Despite the decrease, DeFi remains a significant target. Top Networks Targeted 📊 Ethereum and BNB Smart Chain continued to be the most targeted networks, making up 71% of total losses. 🛡 Arbitrum emerged as the third most targeted network, suffering four incidents that accounted for 5.5% of total losses. Blast and Optimism each had three incidents. Successful Recoveries 🔄 Some stolen funds were recovered by security researchers. The attacker of the Gala Games protocol returned nearly all the funds. Alex Labs, Bloom, and Yolo Games also managed to recover most of their lost funds, representing 5% of the total amount lost in the quarter. Do you know someone who became the victim of a crypto scam? 👇 Let me know in the comments below! Stay updated with @Professor Mende - Founder of BONUZ Project - in Dubai UAE #cryptoscams #hacks #scamalert #cex #defi $PEPE $SHIB $FLOKI
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🚀 Ether Spot ETFs Could Attract $5 Billion in Six Months 🚀 5 Billion $ would surely be juicy for the ecosystem. Ether (ETH) is poised for a major boost with the introduction of spot ETFs, which could draw in as much as $5 billion in net inflows within the first six months, according to a recent report by Gemini. This influx could significantly elevate Ether’s standing relative to Bitcoin, triggering a catch-up trade. 📊 Potential Impact of Spot Ether ETFs 📊 **1. Market Value Surge: Spot Ether ETFs, once approved for trading in the U.S., could lead to substantial net inflows. Gemini’s analysis indicates that the combined assets under management (AUM) for spot ETH ETFs in the U.S., along with Grayscale Ethereum Trust (ETHE), could reach $13 billion to $15 billion within the first half-year. **2. Undervalued Ether: Ether’s market value is currently at multiyear lows compared to Bitcoin. This disparity suggests a significant upside potential. If the ether/bitcoin ratio returns to its three-year median, Ether could see a 20% rally, with a potential 55% increase if it hits the maximum ratio of 0.087. **3. Comparison to Bitcoin ETFs: Bitcoin spot ETFs saw $15 billion in inflows during their first six months. For Ether, net inflows below $3 billion would be disappointing. However, inflows above $5 billion would be a robust performance, and hitting $7.5 billion would be a remarkable upside surprise, indicating a strong market response. 🌐 Market Dynamics and Predictions 🌐 Gemini’s report aligns with the positive outlook from other analysts. Steno Research recently suggested that Ether could reach $6,500 later this year, driven by strong ETF inflows and additional market tailwinds. Do you think Ethereum will go to the moon? Drop your opinion below! Your Mende Matthias #ethereum #etf #sec #pump #eth $ETH  $PEPE  $SHIB
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