yeah

Bitcoin is going to dump massively !

Mt Gox 9 billion worth of $BTC dumping
#BTC☀ #MtGoxJulyRepayments

Mt. Gox to Begin Repayments in July.

Defunct bitcoin exchange Mt. Gox announced it will begin repaying victims of the 2014 hack in July 2024, following years of delayed deadlines. Over 140,000 bitcoin will be distributed, potentially adding selling pressure to the bitcoin and bitcoin cash markets.

Nobuaki Kobayashi, the Rehabilitation Trustee, stated on the Mt. Gox website that the repayments will start in the first week of July 2024. He emphasized that due diligence and safety steps are required before the payments can proceed. The repayments, made in bitcoin and bitcoin cash, might lead early investors to sell due to the significant value increase since their initial investments before 2013.

Mt. Gox was once the world’s leading crypto exchange, managing over 70% of all bitcoin transactions. However, in early 2014, a hack resulted in the loss of approximately 740,000 bitcoin, valued at around $15 billion today. This hack was one of several attacks on the exchange between 2010 and 2013.

A repayment plan has been in development for several years. A Tokyo court set a deadline of October 2024 for the repayment process. In May, Mt. Gox moved over 140,000 BTC, worth about $9 billion, from cold wallets to an unknown address in 13 transactions. This marked the first on-chain movement of these funds in five years.

The impending repayments are seen as a factor that could pressure the bitcoin markets. Early investors receiving their assets may sell at least part of their holdings, given the considerable increase in bitcoin's value since they initially acquired it.

The planned repayments mark a significant step in the long-running saga of Mt. Gox, a company that once dominated the crypto exchange world but fell spectacularly due to a major security breach.

Why Crypto markets down today?
#BTC☀ #CryptoNewss #BTCFOMCWatch $BTC

Crypto market experienced a downturn on June 7, marking its 2nd consecutive day of declines. This trend followed the release of stronger-than-expected U.S. employment data, which revealed that the labor market is handling tight fiscal policies better than anticipated.

U.S. Labor Department reported a significant increase in job additions for May, totaling 272,000 jobs. This figure far surpassed the forecasted 185,000 jobs and April's 165,000. Despite this job growth, the unemployment rate rose to 4.0% in May, up from 3.9% in April and marking the highest rate since January 2022.

The robust employment figures suggest that the Federal Reserve is less likely to lower interest rates soon. Lower interest rates are crucial for increasing liquidity in risk assets, including cryptocurrencies. The Federal Open Market Committee (FOMC) is scheduled to meet on June 12 to discuss interest rates. Current market sentiment indicates a low probability of a rate cut in the next two meetings.

According to CME FedWatch tool, traders estimate the likelihood of a rate cut on June 12 at just 0.6%, and 8.88% for July 31. In contrast, the odds increase to 46% for September and 47.4% for November. This outlook is negatively impacting risk-on assets such as cryptocurrencies, emerging market stocks, bonds, and commodities.

Bloomberg Chief Economist Anna Wong emphasized the significance of the rising unemployment rate as a more accurate indicator of the employment situation. She noted that the Bureau of Labor Statistics' model, which added 231,000 jobs to the May nonfarm payrolls, might not fully reflect the current economic conditions. Wong suggested that the actual pace of job gains is likely below 100,000 per month, considering the increase in business closures and declining business formation.

In summary, stronger-than-expected job growth and a rising unemployment rate have dampened prospects for near-term interest rate cuts, leading to a decline in the crypto market and other risk-on assets.

XRP to $1.375 : Amid Ripple-SEC Settlement Speculation

#Xrp🔥🔥 #XRPPredictions #BullRunAhead #BTC☀ $XRP


SEC's recent filing opposing Ripple's proposal of a $10 million settlement for alleged securities law violations.

Ripple initially referenced the $420 million penalty against Terraform Labs (TFL) to argue for a reduced levy compared to the SEC’s demand for a $2 billion penalty. However, in a letter to District Judge Analisa Torres, the SEC argued that Ripple’s case differs significantly from TFL’s. The regulator noted that TFL is bankrupt and has agreed to significant investor reimbursements, conditions not applicable to Ripple.

The SEC also corrected Ripple’s interpretation of TFL’s penalty, stating the actual ratio was 11.7% of TFL’s $3.5 billion gross profit, not 1.27% as Ripple claimed. The SEC seeks $876.3 million in disgorgement from Ripple, and applying the 11.7% ratio suggests a civil penalty of about $102.6 million. This led to speculation within the XRP community that the SEC might settle for $100 million, though this is uncertain.
XRP Army Targeting $1.375 XRP

Believing the SEC is now requesting $100 million from Ripple, some XRP community members anticipate an imminent settlement. The founder of Humanitarian Trust Compliance Services speculated that a final settlement could be between $50 million and $62.5 million, predicting XRP would trade at $1.375 following the settlement. Currently, XRP is valued at $0.492.

Despite these speculations, Ripple’s Chief Legal Officer Stuart Alderoty's interpretation of the SEC dropping its $2 billion request is contested. Community members like Moon Lambo argue that the SEC’s language does not support a reduced settlement figure. SEC lawyer Marc Fagel confirmed this, emphasizing that claims of a reduced settlement are unfounded and a misinterpretation of the SEC’s position.

In summary, while the XRP community is hopeful for a settlement leading to a price surge, the actual outcome remains uncertain as legal interpretations and speculations continue to unfold.

Notcoin's Airdrop is Over : Whats Next ?

#NOT🔥🔥🔥 #Notcoinnews

On May 16, Notcoin developers launched the NOT token based on The Open Network (TON). The token was quickly listed on major trading platforms, including Binance, Bybit, and KuCoin. The asset’s capitalization exceeded $1.8 billion in just a few weeks.

The team launched an airdrop alongside the exchange listings, allowing nearly 35 million players to earn rewards for clicks. The value of NOT has been actively growing. In early June, a sharp increase helped Notcoin break into the list of the 50 most capitalized cryptocurrencies and placed it fourth in daily trading volume, behind Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

According to BeInCrypto data, NOT’s value has increased by over 164% in the past month. At the time of writing, the token is trading at $0.0175 after losing 13.5% in the last 24 hours. The mining phase, where players earned coins for clicks, ended in early April. However, players could still claim their tokens through a mini-apps in Telegram. This app allowed them to send tokens to an exchange, withdraw them to a personal wallet, or store them in Notcoin.

What’s Next for NOT

The Notcoin team noted that 11.5 million users have claimed NOT. Most of the airdropped tokens have been distributed, with the remaining tokens designated for further project development and a small portion set to be burned. Most of the drop was distributed already, unclaimed tokens will be put into the future development, part will be burned. In addition, there will be an extra reward for those who staked for Gold and Platinum levels. The more you do for Notcoin, the more you get back, as usual,” the Notcoin team stated. A prominent analyst Alex Krüger recently called NOT the best meme coin on the market, noting that traditional strategies for creating meme coins are losing effectiveness. Unlike conventional projects, Notcoin offers unique gaming elements, attracting a wider audience.

Elon Musk is the Satoshi Nakamoto 💯

#BTC☀ #Sathoshi #BTCFOMCWatch

Here are several reasons :

1. X.com Email Connection:
Musk's X.com email was on the mailing list to which Satoshi sent the Bitcoin whitepaper. This direct link suggests a potential early involvement in the project.

2. Pre-Bitcoin Payment Experience:
Musk was already involved in the world of online payments with PayPal before Bitcoin's inception. His experience and interest in digital payments align with the innovation Bitcoin represents.

3. Financial Independence:
Being already wealthy, Musk would have no financial incentive to touch the vast amount of Satoshi's untouched Bitcoin, adding to the mystery of why those coins remain dormant.

4. Bay Area Residency:
Musk lived in the Bay Area during the mid-2000s, the same region where Satoshi's IP address was traced. This geographic overlap provides a plausible context for his involvement.

5. Coding Expertise:
Musk is proficient in C++, the same programming language used to code Bitcoin. This technical match strengthens the case for his involvement in its creation.

6. Unique Communication Style:
The way Musk communicates, using meme-like language and phrases such as “retarded” or “if you don’t believe it, I don’t have time to convince you,” mirrors the unique writing style seen in Satoshi’s forum posts.

7. Broad Knowledge Base:
Musk's extensive knowledge in various fields, including programming, economics, and history, would be essential for developing a groundbreaking technology like Bitcoin.

8. Vision for the Future:
Everything Musk is building, from electric cars to brain chips and global satellites, aligns with the infrastructure needed for a surveillance state. The only missing piece is onboarding the world to a transparent monetary network, like Bitcoin.

9. Easter Egg in Naming:
Musk's son's name, X Æ A-Xii, contains Æ, which is pronounced "Ash." Ash is the name of the main character in Pokémon, whose Japanese name is Satoshi. This could be a playful nod to the pseudonym.

What do you think 🤔?

June & July will be red months for crypto

#ratecuts #TopCoinsJune2024 #BTC
I think overall Crypto market is bearish for june & july until August beginning. After US unemployment report we cannot expect a rate cut soon. As Jerome Powell said inflation down to 2% is also not enough. It should be consistent for some time. So we cannot expect a near rate cut. Even the next reports are positive, we cannot expect a rate cut in july. We need at least 2 month consistent reports tell inflation is gone. So its not July, should be after the August. Due to upcoming elections, most probably rate cuts will be November or 2025 beginning. With ongoing wars US debt & other economic conditions, I'm sure no near rate cuts. So this month is definitely a red for crypto. Most probably July will be neutral 😐. BTC seems quite resistance for both sides. I don't expect it to break 69k resistance level soon. Breaking previous ATH is quite difficult. So its not in June or July.

Best thing to do this month is stay away from futures and not long on crypto assets. Also not enter the short possitions. Best thing to do is trade on Spot. I would only buy Alt coins with upcoming events or news. No any other major coins accumulation. That's my strategy for these 2 months. What's your?

Former Binance CEO CZ arrested ? 😟

What happened ? 🤔

Should we worry❓

CZ holder of BNB. Will $BNB crash ? #BNBToken

#CZBİNANCE #CZBİNANCE

CZ has reported to a low-security federal prison in Lompoc, California, following a guilty plea to charges of enabling money laundering at Binance. CZ was sentenced in April to four months in prison, less than the 12 to 18 months recommended by sentencing guidelines & far below the three years sought by federal prosecutors. The defense had asked for five months of probation.

Before his sentencing, CZ told U.S. District Judge Richard Jones, “I’m sorry & acknowledged failing to implement an adequate anti-money laundering program, admitting the seriousness of his mistakes. In November, CZ made a deal with the U.S. government to settle a multiyear investigation into Binance. He stepped down as CEO as part of the settlement. he still holds an estimated 90% stake in Binance.

The charges against CZ included willfully failing to implement an effective anti-money laundering program as required by the Bank Secrecy Act and allowing Binance to process transactions involving unlawful activity. The U.S. fined Binance $4.3 billion and CZ personally agreed to pay a $50 million fine.

In a related case, FTX founder & former CEO, Sam Bankman-Fried, is serving a 25-year sentence in a federal prison in the U.S. for securities fraud conspiracy. Convicted on all seven criminal counts in November, Bankman-Fried was ordered to pay $11 billion in forfeiture. Unlike CZ, Bankman-Fried did not reach a deal with the government; instead, other executives, including Caroline Ellison, Alameda’s former CEO and Bankman-Fried’s ex-girlfriend, cooperated with prosecutors and testified against him.

We should not worry about this. He will be ok in 4 months. Also BNB has no affect from this. Binance holds BNB. I think this is a unlawful action against a great person who did greatest service to this industry. I thank him for what he did. If he wasn't, we don't have a crypto industry like this & the greatest crypto platform #Binance.

Why not to buy $NOT #NOT🔥🔥🔥 ? 🤔

Stay away from #Notcoin👀🔥

I recently saw an artificial hype on $NOT coin. When I heard about this coin, I did some research. This is not a real thing. Why?

Visit their official website, You can clearly see how unprofessional and lack of information about their projects, team, roadmap etc. Yes they have a white paper. Anyone can create a white paper. All rug pulls do. What about other things. No social media other than X (Twitter). Who leads this, where they located?

Fellow friends, Be careful with these token. Do your own research before any investment or trade. Only invest or trade on safe assets. Why?

They can be top gainer yesterday, today & tomorrow, but all those gains can disappear instantly, mostly within 1 day and they never recover to that value. Most will trade in $1 range. This happened in many game tokens. Very few people got profit other than them. Most people will lost. That's what rug pulls do. See their token holders, related to few wallets. So what else you need to identify a fake 🤥 coin?

What do you think?

$not is real or not?🤔

What do you think after PCE report? What Will feds do to the rates in next month ?

#chainlik #LINK🔥🔥🔥 $LINK seems going to break out to $19.5 - 20 range. Link is now too big to fail after recent news. I think its the 3rd most safest crypto asset after $BTC & $ETH . Chainlink provides essential services to the crypto industry & banks including JPMorgan. So I can bet on that. As we know, most Alt coins are bubbles, but not all of In the beginning I had large gains from them, but with the time I lost more & realized best thing to do is trade on safe assets which has real world valuse, such as BTC, ETH & Link. Then I am very success in trading since 2020 to now. I hodl Link from $10 and still adding more. I can clearly see an eassy 5x reward in this bull run. Thanks everyone. Follow me for more of my thoughts.

Are you bullish or bearing in Link?