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📣 Is Ethereum (ETH) on the Verge of a Price Correction? Ethereum is trading at $3.4K, up by 4.87% over the past week.The largest altcoin’s daily trading volume is up by 51.96% in 24 hours. The crypto market is slightly recovering from the bearish momentum, and Ethereum (ETH), the largest-capped altcoin has increased by 2.75% in the last 24 hours, with the price at $3,477. Amid the market fluctuations, an Ethereum whale transferred 7,000 ETH valued at $24.28 million, to the crypto exchange Kraken after 209 days of inactivity. The whale participated in the Ethereum Initial Coin Offering (ICO) in 2015. Despite the transfer, the whale still holds 40,000 ETH, worth $139.5 million. According to Arkham Intelligence data, the U.S. government transferred 3,375 Ethereum, three hours ago, valued at approximately $11.75 million. The total holdings of the U.S. government are 50.524K ETH, worth $175 million. The transfer was followed by the Spot Ether ETF S-1 filings. Meanwhile, the U.S. SEC has returned the S-1 forms for further review and amendment before the approval process and suggested refiling by July 8. 🔾 Can ETH Break the Upcoming Resistance? Over the past week, ETH was up by 4.87%. However, in the last month, it has seen an 8.41% decline. The daily relative strength index (RSI) stays in the 48.74 range, indicating the asset is approaching the neutral zone. Analyzing the 24-hour price chart, if there is a recovery wave, the price could face a key resistance in the $3,695 range. If the bullish trend persists, the next major resistance level to be found is between $3,730 – $3,796. Furthermore, the higher target might be at the $4K range. Conversely, if Ethereum’s price fails to climb above the resistance zone, it may drop to immediate support near the $3,338 level. The second subsequent support may seemingly be found at $3.284. Any more losses might send the price toward the $3,247 support zone. $ETH #ETH
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👀 VeChain Leverages RWAs and Sustainability for Massive Growth by 2030, VET Bullish VeChain targets RWAs and sustainability for massive growth by 2030.VeChain attracted over 3 million new holders in April, demonstrating global adoption and confidence in its technology.VeChain’s commitment to transparency, ethical practices, and carbon footprint reduction positions it as a sustainable ecosystem. As we look ahead to the next decade, VeChain’s value prospects are drawing increasing attention, fueled by two key narratives: Real World Assets (RWAs) and sustainability. Collaborating with FRAC, a leader in fractional asset trading, VeChain leveraged its Near Field Communication (NFC) technology to enhance security and provide immutable authentication for RWAs. 🔾 What are Real World Assets (RWAs) These are tangible assets—think real estate, fine art, or even vintage cars—that are tokenized on the blockchain. By doing so, VeChain ensures transparency, traceability, and trust in the ownership and transfer of these assets. 💬 RWAs are projected to be worth $16 to 68 TRILLION by 2030
 Sustainability: $26 TRILLION by 2030@vechainofficial, aiming at both narratives, is primed to have one HELL of a bull run! Big thank you to @sunshinelu24! #VET #VECHAIN PRICE — Aj The projected worth of RWAs by 2030 is staggering, as we can see fron the post below, VeChain CEO, Sunny Lu draws light to an expected $26 trillion in RWA. Thus, VeChain’s strategic focus on this market positions it for substantial growth. Investors recognize the potential of tokenized RWAs, as they offer fractional ownership, liquidity, and accessibility to a wider audience. VeChain’s technology bridges the gap between traditional assets and the digital world, making it an attractive proposition for both institutional and retail investors. 🔾 Sustainability: A Global Imperative VeChain’s blockchain ensures transparency throughout the supply chain. From raw materials to finished products, every step is recorded, verified, and accessible. $VET
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đŸ’„ Shiba Inu to Overcome Resistance: Key EMAs Signal Bullish Potential The recent on-chain activity for SHIB shows a resurgence in whale transactions, indicating renewed interest among major holders.SHIB saw a significant transaction volume of 947.8 billion tokens in a day, marking a notable recovery from recent lows.Despite increased activity, SHIB’s price remains stable, reflecting cautious market sentiment and a struggle to sustain upward momentum. In order to signal a shift towards a bullish trend, Shiba Inu (SHIB) faces a critical challenge in surpassing resistance levels marked by its 26-day, 50-day, and 200-day EMAs.  Recent developments in SHIB’s on-chain activity suggest a resurgence in whale transactions, a pivotal indicator for market sentiment. Following a notable decrease in large-scale transfers post the June 29 peak, the latest uptick of 47 significant transactions signifies renewed engagement among major holders.  Notably, SHIB saw a substantial transaction volume of 947.8 billion tokens in a single day, a significant recovery from the recent low of 6.24 trillion SHIB moved on June 24. This resurgence suggests that whales are re-entering the market with heightened interest, potentially influencing SHIB’s price trajectory. Despite the increased on-chain activity, SHIB’s current price remains relatively stable at around $0.00001709. The cryptocurrency continues to grapple with maintaining upward momentum amidst a market sentiment split between bulls and bears. As indicated by the Bulls and Bears indicator, there’s a balanced struggle between buyers and sellers, tilting slightly towards caution and bearish sentiment.  As market observers track SHIB’s movement closely, the challenge lies in whether the cryptocurrency can break through its critical resistance levels set by the EMAs. This technical hurdle stands as a pivotal juncture for SHIB’s potential to shift towards a bullish trend, influenced in part by the evolving behavior of large-scale holders in the cryptocurrency market. $SHIB #SHIB #ShibaInu
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👀 Polymarket monthly volume hits $100M as presidential race heats up Decentralized predictions platform Polymarket hit $100 million in monthly trading volume in June as punters upped their stakes on how they think the United States presidential election will play out. At the time of writing, there are $203.3 million worth of bets in “Presidential Election Winner 2024” — which consists of individual “Yes” or “No” bets across 17 prediction markets. U.S. President Donald Trump is currently the favorite, with 62% odds that he will win the U.S. election — totaling $24.7 million in bets for and against. Second is current U.S. President Joe Biden, who has $23.9 million in bets on whether or not he will make it as president for a second term. Those odds, however, have fallen from 34% to 21% since his lackluster Presidential Debate performance on June 28. Meanwhile, odds for Democrats Gavin Newsom, Kamala Harris and Michelle Obama spiked as some political commentators questioned whether Biden should drop out of the presidential race. Biden’s recent debate performance has also led to a spike in “Yes” bets on “Biden drops out of presidential race” and “Biden drops out by July 4” markets, which are now at 43% and 9%, respectively. Over $10 million in bets have been placed in those markets. There are also millions of dollars in bets placed on whether American rapper Kanye West and crypto skeptic Elizabeth Warren could win the presidency, but those markets show a less than 1% chance at this stage. Polymarket, which runs on Ethereum sidechain Polygon, saw $109.9 million in trading volume in June — its first time crossing the $100 million mark, according to a Dune Analytics dashboard. Trading volumes between January and May hovered between $38.9 million and $63 million, which marked a 620% increase from the previous five months (August-December, 2023). The total value locked in Polymarket is now $40.2 million, up nearly 69% over the last 30 days, Token Terminal data shows. #Crypto #Cryptocurrency
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đŸ›ïž Binance Faces Mixed Court Ruling: SEC Lawsuit Advances Amid Dismissals The SEC, under the leadership of Gary Gensler, initiated legal action against Binance in June 2023, alleging that the exchange offered unregistered securities and operated unlawfully within the U.S. Binance, a major cryptocurrency exchange, encountered a setback as a United States court declined to dismiss several claims brought against it by the Securities and Exchange Commission (SEC). In a court filing on June 28, Judge Amy Berman Jackson specified that claims concerning Binance’s staking program, the initial coin offering of BNB, anti-fraud violations, and the SEC’s assertion that former CEO Changpeng “CZ” Zhao acted as a “control person” will proceed. Additionally, the court ruled that Binance should have been registered under the Exchange Act. However, Judge Jackson did dismiss claims related to secondary market sales of BNB and transactions involving the Binance USD (BUSD) stablecoin. Her decision to dismiss the BNB secondary market sales claim echoed a similar ruling by Judge Analisa Torres in a previous SEC case against Ripple. Scott Johnsson, a finance lawyer, characterized the ruling as a significant setback for the SEC, while Fox Business reporter Eleanor Terrett anticipated its implications for other cryptocurrency platforms such as Coinbase, Kraken, and Consensys. Judge Jackson also rejected the SEC’s claims regarding Binance’s passive income feature, “Simple Earn,” scheduling a court hearing for further proceedings on July 9. The SEC, under the leadership of Gary Gensler, initiated legal action against Binance in June 2023, alleging that the exchange offered unregistered securities and operated unlawfully within the U.S. Binance and CZ sought to dismiss the lawsuit approximately three months later, arguing against the SEC’s purported overreach. Despite these legal challenges, Binance maintains its status as the world’s largest cryptocurrency exchange. #Binance #BNB $BNB
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