A Silver Lining in the Mt. Gox Hack: 10 years ago, Mt. Gox, the largest exchange at the time, was hacked and lost over 950,000 $BTC . At the time, $BTC was worth around $400.
Today, the victims of that hack are starting to be compensated with about 15% of the $BTC they lost. BUT, after 10 years, the price of BTC has increased by nearly 150 times, meaning they are getting back more than 20 times the amount they lost 10 years ago, not to mention BTC could continue to increase in value!
Unveiling the Bright Future of io.net and IO Coin Following Binance Launchpool Success
The resounding success of the IO Coin ($IO ) Initial DEX Offering (IDO) on Binance Launchpool on June 11th marked a pivotal milestone, ushering in a new chapter brimming with promise for the io.net ecosystem and the immense potential of the IO token. Let's delve into the compelling reasons why io.net and IO Coin hold the potential to break through in the future: 1. The World's Largest Decentralized GPU Network: io.net pioneers the construction of the planet's largest decentralized GPU network (D
Futures trading opens doors to a world of immense potential with colossal profits. However, accompanying these high rewards are equally daunting risks. To master this volatile market, you need to equip yourself with knowledge, skills, and effective risk management strategies. 1. Arm Yourself: Knowledge: Grasp the fundamentals of the Futures market, trading tools, and technical analysis.Skills: Hone your trading skills, chart analysis, make sound decisions, and control emotions.Strategy: Formulat
Happy 7th annieversary Binance, the platform has fostered a thriving global crypto community, acting as a launchpad for innovation and empowering users with the freedom to manage their finances.
Cryptocurrency: Bitcoin plummets, altcoins in turmoil, stablecoins under pressure
Bitcoin ($BTC ) in freefall: Fears over Mt. Gox repayment and government selloffs send prices tumbling, many positions liquidated, market jittery.
Mt. Gox "resurrects": After a 10-year delay, the exchange begins repaying customers in BTC and BCH. Mt. Gox's former CEO "relieved" as customers receive funds.
Market divergence: El Salvador continues to buy BTC, billionaire Justin Sun ready to buy back BTC from Germany. BTC price forecast to reach new highs in August and $100,000 by November.
Altcoins: Some rejoice, some slump: Token mergers: $FET , AGIX, OCEAN "merge", prices see slight gains. Stablecoin regulation: MiCA takes effect, Circle receives first license. Shiba Inu ($SHIB ) surges: Accepted as payment, price jumps. ENS gains: Upcoming upgrade boosts investor sentiment. Memecoins jubilant: Rise after Supreme Court ruling on Donald Trump.
Next week: Short-term volatility likely due to macroeconomic factors and investor sentiment. Many analysts remain optimistic about the long-term future of Bitcoin and crypto.
Bitcoin tumbles nearly 6%, dragging the crypto market into a sea of red.
Bitcoin ($BTC ) experienced a steep decline in the past 24 hours, dropping nearly 6% and hitting its lowest level since May 1st at $57,600. However, the coin has since recovered slightly and is currently trading around $58,500.
This drop is attributed to a resurgence of retail selling in the market. According to on-chain analyst Ali Martinez, BTC miners sold 2,300 BTC worth $145 million in the 72 hours leading up to July 2nd. Additionally, another "whale" also sent 1,723 BTC, equivalent to $106 million, to the Binance exchange.
The Altcoin market was not spared from the negative sentiment as Bitcoin plunged. Ethereum Name Service ($ENS ) was the hardest hit project in the top 100, dropping over 18% of its value in just 24 hours. Several other tokens also recorded losses of over 10%, including Akash Network (AKT), Dogwifhat (WIF), Fantom (FTM), Beam (BEAM), Pepe (PEPE), Jupiter (JUP), Arweave (AR), Core (CORE), Conflux (CFX), JasmyCoin (JASMY), Celestia (TIA), Bonk (BONK), Floki (FLOKI), Oasis (ROSE), THORChain (RUNE), NEAR Protocol (NEAR), Solana (SOL), Maker (MKR), ORDI (ORDI),...
Ethereum ($ETH ) also evaporated over 5% on the day, hitting a local low of $3,155 before rebounding to just above $3,200.
So, what does the future hold for the cryptocurrency market?
According to some analysts, the market could continue to see strong volatility in the near future. Rising interest rates and tightening monetary policy by central banks could cause investors to worry and sell off risky assets like cryptocurrencies.