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Daily CRYPTO NEWS recap📈🔥- 04.07.2024
•Bitcoin falls below $58K first time in 2 months
On July 4, the price of Bitcoin briefly dipped to $57,874 on Coinbase, marking the first time it has fallen below $58,000 in over two months. This decline occurred as millions of dollars worth of leveraged long positions were liquidated, affecting traders who were anticipating a price increase. The broader pullback in Bitcoin's price is largely attributed to the upcoming repayments from the defunct Japanese crypto exchange Mt. Gox, which is set to begin distributing approximately $8.5 billion worth of BTC to its creditors in early July.
•UK voters urge political parties to take a stand on Cryptocurrencies
As cryptocurrency dominates current U.S. political discussions, many UK residents feel it is missing from their country’s political discourse. Under Prime Minister Rishi Sunak, the UK government unveiled plans to develop a regulatory framework for digital assets and stablecoins. However, these plans were delayed when Sunak called a general election. That means no changes in near future...
•German government offloads 900 $BTC in current pullback
The German government recently sold a significant portion of the Bitcoin confiscated from an illegal streaming platform. They offloaded 900 BTC at a market price of $60,000 each. Analysts have criticized this move as financially irresponsible, with many speculating that it was intended to further depress Bitcoin's price. Coincidentally, on the same day, the U.S. government also sold nearly 4,000 BTC.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pullback #MtGoxJulyRepayments #UKGovernment
•Bitcoin falls below $58K first time in 2 months
On July 4, the price of Bitcoin briefly dipped to $57,874 on Coinbase, marking the first time it has fallen below $58,000 in over two months. This decline occurred as millions of dollars worth of leveraged long positions were liquidated, affecting traders who were anticipating a price increase. The broader pullback in Bitcoin's price is largely attributed to the upcoming repayments from the defunct Japanese crypto exchange Mt. Gox, which is set to begin distributing approximately $8.5 billion worth of BTC to its creditors in early July.
•UK voters urge political parties to take a stand on Cryptocurrencies
As cryptocurrency dominates current U.S. political discussions, many UK residents feel it is missing from their country’s political discourse. Under Prime Minister Rishi Sunak, the UK government unveiled plans to develop a regulatory framework for digital assets and stablecoins. However, these plans were delayed when Sunak called a general election. That means no changes in near future...
•German government offloads 900 $BTC in current pullback
The German government recently sold a significant portion of the Bitcoin confiscated from an illegal streaming platform. They offloaded 900 BTC at a market price of $60,000 each. Analysts have criticized this move as financially irresponsible, with many speculating that it was intended to further depress Bitcoin's price. Coincidentally, on the same day, the U.S. government also sold nearly 4,000 BTC.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pullback #MtGoxJulyRepayments #UKGovernment
Daily CRYPTO NEWS recap📈🔥- 02.07.2024
•US and German governments implement strategic crypto initiatives
The German and U.S. governments have garnered significant attention by transferring millions of dollars in cryptocurrency holdings. The German government has executed substantial Bitcoin transfers, while the U.S. government has moved Ether from seized funds. Data from on-chain analytics platform Arkham Intelligence reveals that over the past two weeks, the German government transferred 2,700 BTC to multiple exchanges. Concurrently, the U.S. government made large transactions, notably from an address holding approximately $11.75 million in $ETH seized from Estonian crypto entrepreneurs Sergei Potapenko and Ivan Turogin.
•Circle becomes first licensed stablecoin issuer in EU under MiCA
On July 1, Jeremy Allaire, co-founder and CEO of Circle, announced that the firm has become the first stablecoin issuer in the European Union to secure regulatory approval under the EU's comprehensive Markets in Crypto-Assets (MiCA) framework. Circle's $USDC and EURC are now compliant with the new regulations, effective immediately. This approval dispels concerns that investors would need to redeem their stablecoins or transfer their funds to other digital assets to maintain compliance.
•Bitcoin hashrate drops to December 2022 levels
The $BTC hashrate drawdown, which measures dips in the network's computing power, has fallen to levels not seen since December 2022, post-FTX collapse. Currently at -7.6%, this metric suggests a potential price bottom for Bitcoin. Supporting indicators like the Bitcoin Exchange Reserve, Miners Position Index (MPI), and Bitcoin Miner Reserve also point to low selling pressure, signaling possible accumulation opportunities.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #MiCA #StablecoinSafety #BTC☀
•US and German governments implement strategic crypto initiatives
The German and U.S. governments have garnered significant attention by transferring millions of dollars in cryptocurrency holdings. The German government has executed substantial Bitcoin transfers, while the U.S. government has moved Ether from seized funds. Data from on-chain analytics platform Arkham Intelligence reveals that over the past two weeks, the German government transferred 2,700 BTC to multiple exchanges. Concurrently, the U.S. government made large transactions, notably from an address holding approximately $11.75 million in $ETH seized from Estonian crypto entrepreneurs Sergei Potapenko and Ivan Turogin.
•Circle becomes first licensed stablecoin issuer in EU under MiCA
On July 1, Jeremy Allaire, co-founder and CEO of Circle, announced that the firm has become the first stablecoin issuer in the European Union to secure regulatory approval under the EU's comprehensive Markets in Crypto-Assets (MiCA) framework. Circle's $USDC and EURC are now compliant with the new regulations, effective immediately. This approval dispels concerns that investors would need to redeem their stablecoins or transfer their funds to other digital assets to maintain compliance.
•Bitcoin hashrate drops to December 2022 levels
The $BTC hashrate drawdown, which measures dips in the network's computing power, has fallen to levels not seen since December 2022, post-FTX collapse. Currently at -7.6%, this metric suggests a potential price bottom for Bitcoin. Supporting indicators like the Bitcoin Exchange Reserve, Miners Position Index (MPI), and Bitcoin Miner Reserve also point to low selling pressure, signaling possible accumulation opportunities.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #MiCA #StablecoinSafety #BTC☀
Daily CRYPTO NEWS recap📈🔥- 01.07.2024
•Bitcoin's historical data suggest rebound in July
Bitcoin may experience a strong rebound in July following a lackluster performance in June, during which it fell nearly 7%. Historical data indicates that whenever June ends on a downtrend, the following month tends to see a significant recovery, with $BTC historically gaining an average of 7.42%. Memecoin analyst Murad highlighted that Bitcoin has posted minimum gains of 28% in the first few weeks of every July for the past six consecutive years.
•Vitalik Buterin compared crypto regulations to ‘anarcho-tyranny’
Ethereum’s outspoken co-founder and one of the biggest $ETH holders, Vitalik Buterin, recently expressed his frustration with the current state of cryptocurrency regulation and proposed a surefire solution to the problem. Responding to a user on Warpcast, a social media platform built on the Farcaster protocol, Buterin described how current regulatory efforts have essentially trapped well-intentioned cryptocurrency developers in a difficult position. He stated that cryptocurrency projects that merely demand money from users are allowed to operate freely, while projects that transparently explain how their yields are generated are classified as securities.
•AI needs a killer app to prove it’s not a bubble — Goldman Sachs, MIT
Analysts from Goldman Sachs and MIT recently conducted an in-depth analysis of the generative artificial intelligence (AI) market to assess its short- and long-term viability for investors. They explored whether the current AI market is an expanding bubble poised to burst or the foundational "pickaxes and shovels" phase of the next technological and industrial frontier. While the answer is complex, their research suggests that AI requires another breakthrough innovation or a game-changing killer app to reach its full potential.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #BTC #AiNarratives #CPIAlert
•Bitcoin's historical data suggest rebound in July
Bitcoin may experience a strong rebound in July following a lackluster performance in June, during which it fell nearly 7%. Historical data indicates that whenever June ends on a downtrend, the following month tends to see a significant recovery, with $BTC historically gaining an average of 7.42%. Memecoin analyst Murad highlighted that Bitcoin has posted minimum gains of 28% in the first few weeks of every July for the past six consecutive years.
•Vitalik Buterin compared crypto regulations to ‘anarcho-tyranny’
Ethereum’s outspoken co-founder and one of the biggest $ETH holders, Vitalik Buterin, recently expressed his frustration with the current state of cryptocurrency regulation and proposed a surefire solution to the problem. Responding to a user on Warpcast, a social media platform built on the Farcaster protocol, Buterin described how current regulatory efforts have essentially trapped well-intentioned cryptocurrency developers in a difficult position. He stated that cryptocurrency projects that merely demand money from users are allowed to operate freely, while projects that transparently explain how their yields are generated are classified as securities.
•AI needs a killer app to prove it’s not a bubble — Goldman Sachs, MIT
Analysts from Goldman Sachs and MIT recently conducted an in-depth analysis of the generative artificial intelligence (AI) market to assess its short- and long-term viability for investors. They explored whether the current AI market is an expanding bubble poised to burst or the foundational "pickaxes and shovels" phase of the next technological and industrial frontier. While the answer is complex, their research suggests that AI requires another breakthrough innovation or a game-changing killer app to reach its full potential.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #BTC #AiNarratives #CPIAlert
Daily CRYPTO NEWS recap📈🔥- 22.06.2024
•ZRO token falls -25% during last 48h amid controversy over LayerZero’s “airdrop”
LayerZero, a cross-chain interoperability protocol, recently launched its token $ZRO , which has fallen nearly 25% since its debut. The decline follows controversy over its "proof of donation" criteria for claiming tokens, which some compared to a "tax." Despite users needing to meet several other airdrop requirements, LayerZero added an extra confirmation step, altering the nature of the airdrop to resemble an ICO (Initial Coin Offering).
•Rapper 50 Cent claimed that his X account was hacked to promote rug-pull memecoin
Well-known rapper 50 Cent recently shared on his Instagram that his X platform and website were hacked and used to promote a pump-and-dump memecoin scam. The token, named GUNIT after 50 Cent's record label, quickly attracted many investors and surged in value before crashing. Prices eventually plummeted to $0.00016. Cointelegraph, which reviewed GUNIT token trading data on Dex Screener, confirmed that multiple wallet addresses sold the memecoin for over $100,000. This incident exemplifies the prevalence of memecoin scams, highlighting the importance of thoroughly researching and being cautious with unverified or potentially fraudulent tokens. Be careful!
•Honk Kong looking forward into Web3 - seeking feedback and invites global opinions
Hong Kong Legislative Council member Johnny NG Kit-Chong announced that the government is currently seeking opinions from the global industry to propose policy recommendations and facilitate thematic discussions on the future directions of Web3 and the virtual assets industry. This initiative marks a significant step forward toward the broader adoption and integration of blockchain technology.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #zro #LayerZero #mememcoinseason2024
•ZRO token falls -25% during last 48h amid controversy over LayerZero’s “airdrop”
LayerZero, a cross-chain interoperability protocol, recently launched its token $ZRO , which has fallen nearly 25% since its debut. The decline follows controversy over its "proof of donation" criteria for claiming tokens, which some compared to a "tax." Despite users needing to meet several other airdrop requirements, LayerZero added an extra confirmation step, altering the nature of the airdrop to resemble an ICO (Initial Coin Offering).
•Rapper 50 Cent claimed that his X account was hacked to promote rug-pull memecoin
Well-known rapper 50 Cent recently shared on his Instagram that his X platform and website were hacked and used to promote a pump-and-dump memecoin scam. The token, named GUNIT after 50 Cent's record label, quickly attracted many investors and surged in value before crashing. Prices eventually plummeted to $0.00016. Cointelegraph, which reviewed GUNIT token trading data on Dex Screener, confirmed that multiple wallet addresses sold the memecoin for over $100,000. This incident exemplifies the prevalence of memecoin scams, highlighting the importance of thoroughly researching and being cautious with unverified or potentially fraudulent tokens. Be careful!
•Honk Kong looking forward into Web3 - seeking feedback and invites global opinions
Hong Kong Legislative Council member Johnny NG Kit-Chong announced that the government is currently seeking opinions from the global industry to propose policy recommendations and facilitate thematic discussions on the future directions of Web3 and the virtual assets industry. This initiative marks a significant step forward toward the broader adoption and integration of blockchain technology.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #zro #LayerZero #mememcoinseason2024
Daily CRYPTO NEWS recap📈🔥- 21.06.2024
•Spot Bitcoin ETFs face first outflows amid declining hype
The new Bitcoin ETF in Australia closed its first day with approximately $1.3 million in trading volume. Despite the smaller size of the Australian market compared to the American market, this result is quite underwhelming. In contrast, the first crypto spot ETFs in Hong Kong, launched in April, generated $12 million in trading volume on their first day. Even then, this was considered small compared to the billions of dollars in inflows seen in the U.S.. This indicates that ETF trends are not as strong as they once were, with more investors preferring to hold their $BTC in personal wallets or on exchanges rather than with centralized entities.
•Binance launches loyalty rewards program for BNB holders
Binance, one of the most popular crypto exchanges, is set to reward its most loyal holders. “Users who hold $BNB for a long time will receive benefits, and Hodler’s projects will be distributed to BNB holders” wrote the exchange’s co-founder, Yi He, on June 19. The program will encompass small to medium-sized projects with strong fundamentals, a substantial circulating supply, and vibrant, organic communities. To participate, simply subscribe to BNB Simple Earn products and complete KYC verification.
•Polkadot’s new proposal to reduce unstacking time to just 2 days
The RFC-0092 proposal for Polkadot $DOT aims to reduce the unstaking period from 28 days to just 2 days. This change is designed to enhance user convenience and competitiveness without compromising security. The primary motivation for this adjustment is that Polkadot currently has one of the longest unstaking periods among all proof-of-stake tokens. Despite offering high APY, many users prefer to stake other cryptocurrencies because, in case of an emergency, it is easier to regain control over their staked coins.
Stay tuned for more updates from MarMag! New posts coming soon :))
#BNBHODLer #NewsAboutCrypto #polkadotupdate #ETFvsBTC
•Spot Bitcoin ETFs face first outflows amid declining hype
The new Bitcoin ETF in Australia closed its first day with approximately $1.3 million in trading volume. Despite the smaller size of the Australian market compared to the American market, this result is quite underwhelming. In contrast, the first crypto spot ETFs in Hong Kong, launched in April, generated $12 million in trading volume on their first day. Even then, this was considered small compared to the billions of dollars in inflows seen in the U.S.. This indicates that ETF trends are not as strong as they once were, with more investors preferring to hold their $BTC in personal wallets or on exchanges rather than with centralized entities.
•Binance launches loyalty rewards program for BNB holders
Binance, one of the most popular crypto exchanges, is set to reward its most loyal holders. “Users who hold $BNB for a long time will receive benefits, and Hodler’s projects will be distributed to BNB holders” wrote the exchange’s co-founder, Yi He, on June 19. The program will encompass small to medium-sized projects with strong fundamentals, a substantial circulating supply, and vibrant, organic communities. To participate, simply subscribe to BNB Simple Earn products and complete KYC verification.
•Polkadot’s new proposal to reduce unstacking time to just 2 days
The RFC-0092 proposal for Polkadot $DOT aims to reduce the unstaking period from 28 days to just 2 days. This change is designed to enhance user convenience and competitiveness without compromising security. The primary motivation for this adjustment is that Polkadot currently has one of the longest unstaking periods among all proof-of-stake tokens. Despite offering high APY, many users prefer to stake other cryptocurrencies because, in case of an emergency, it is easier to regain control over their staked coins.
Stay tuned for more updates from MarMag! New posts coming soon :))
#BNBHODLer #NewsAboutCrypto #polkadotupdate #ETFvsBTC
New exclusive Crypto Airdrop on Binance Web3 Wallet - REVOX
Grate opportunity to earn some tokens for just completing simple tasks. You can earn points by daily check in bonus, following social media and so on! (steps to join are shown on attached photo)
All smart contracts are based on opBNB network (~$0.001 per transaction) VERY CHEEP!
Stay tuned for more updates from MarMag! New posts coming soon :)) Remember that You can support me by using my invite code below.
#AirdropBinance #AirdropGuide #NewsAboutCrypto #revoxairdrop
Grate opportunity to earn some tokens for just completing simple tasks. You can earn points by daily check in bonus, following social media and so on! (steps to join are shown on attached photo)
All smart contracts are based on opBNB network (~$0.001 per transaction) VERY CHEEP!
Stay tuned for more updates from MarMag! New posts coming soon :)) Remember that You can support me by using my invite code below.
#AirdropBinance #AirdropGuide #NewsAboutCrypto #revoxairdrop
Daily CRYPTO NEWS recap📈🔥- 20.06.2024
•Impact of BTC Halving: Block Size Hits Yearly Low
Lately, the Bitcoin network has experienced a notable decline in its average block size and transaction rates. This could be one of the reasons for the price drop to $64,000. The decrease in block size, which measures the amount of transaction data included in each block, reflects the level of interest in BTC and its network. In June, the network's transaction per second (TPS) rate also declined, indicating reduced activity and potentially lower miner profitability due to decreased post-halving BTC block rewards. Now, whole community wait for some $BTC ups!
•Will $XRP finally move up as open interest increases?
Investors are increasingly betting on an XRP price breakout. Could Ripple be poised for more upside momentum? Many analysts are speculating about an upcoming uptrend based on periodicity data. XRP has been in a downtrend since the beginning of the year, and many traders compare its losses to an accumulation phase. According to a key technical chart formation, XRP could be on track for a price breakout by the end of June. However, this outcome is not certain. Only time will tell...
•BNB Chain with new hard fork - opBNB rollup
BNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing. With BEP-336, layer-2 costs will be slashed by 90%, reducing the average opBNB transaction fee to approximately $0.0001. This update ensures all transactions are verified within the attached blob - a temporary memory segment that captures large data chunks. This significant reduction in transaction costs could make opBNB rollup commonly used in the Web 3 world, potentially leading to an uptrend in $BNB 's price.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #opbnb #XRPPredictions #BNBHODLer
•Impact of BTC Halving: Block Size Hits Yearly Low
Lately, the Bitcoin network has experienced a notable decline in its average block size and transaction rates. This could be one of the reasons for the price drop to $64,000. The decrease in block size, which measures the amount of transaction data included in each block, reflects the level of interest in BTC and its network. In June, the network's transaction per second (TPS) rate also declined, indicating reduced activity and potentially lower miner profitability due to decreased post-halving BTC block rewards. Now, whole community wait for some $BTC ups!
•Will $XRP finally move up as open interest increases?
Investors are increasingly betting on an XRP price breakout. Could Ripple be poised for more upside momentum? Many analysts are speculating about an upcoming uptrend based on periodicity data. XRP has been in a downtrend since the beginning of the year, and many traders compare its losses to an accumulation phase. According to a key technical chart formation, XRP could be on track for a price breakout by the end of June. However, this outcome is not certain. Only time will tell...
•BNB Chain with new hard fork - opBNB rollup
BNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing. With BEP-336, layer-2 costs will be slashed by 90%, reducing the average opBNB transaction fee to approximately $0.0001. This update ensures all transactions are verified within the attached blob - a temporary memory segment that captures large data chunks. This significant reduction in transaction costs could make opBNB rollup commonly used in the Web 3 world, potentially leading to an uptrend in $BNB 's price.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #opbnb #XRPPredictions #BNBHODLer
Daily CRYPTO NEWS recap📈🔥- 19.06.2024
•Binance LISTA Megadrop is about to end, what should You know?
LISTA, an open-source liquidity protocol designed for earning yields on collateralized crypto assets and borrowing the decentralized stablecoin lisUSD, has recently partnered with Binance. This collaboration includes the #Megadrop event, which offers participants an easy opportunity to earn free tokens and familiarize themselves with another Web 3.0 application. The event aims to encourage users to engage with the LISTA protocol, explore its features, and benefit from the incentives provided through this partnership. Not much time is left. If you haven't finished yet, click the link below to take advantage of this opportunity - LINK
•Mirror World, Solana gaming studio secures $12M in funding
Mirror World, the first gaming rollup on Solana that enables developers to create SVMs for GameFi projects, has raised $12 million in funding. The funds will be used to accelerate the development of the Sonic protocol, incorporating features such as sandbox environments, customizable gaming primitives, and extensible data types. These improvements could potentially impact $SOL price in the near future.
•SEC drops investigation into Ethereum
The United States Securities and Exchange Commission's enforcement division has announced that it is closing its investigation into whether $ETH is considered a security. “The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0” announced Ethereum developer Consensys in a June 19 X post. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions,” the firm celebrated, calling it a “major win for Ethereum developers, technology providers, and industry participants.”
Stay tuned for more updates from MarMag! New posts coming soon :))
#Ethereum2024 #GameFi #web3
•Binance LISTA Megadrop is about to end, what should You know?
LISTA, an open-source liquidity protocol designed for earning yields on collateralized crypto assets and borrowing the decentralized stablecoin lisUSD, has recently partnered with Binance. This collaboration includes the #Megadrop event, which offers participants an easy opportunity to earn free tokens and familiarize themselves with another Web 3.0 application. The event aims to encourage users to engage with the LISTA protocol, explore its features, and benefit from the incentives provided through this partnership. Not much time is left. If you haven't finished yet, click the link below to take advantage of this opportunity - LINK
•Mirror World, Solana gaming studio secures $12M in funding
Mirror World, the first gaming rollup on Solana that enables developers to create SVMs for GameFi projects, has raised $12 million in funding. The funds will be used to accelerate the development of the Sonic protocol, incorporating features such as sandbox environments, customizable gaming primitives, and extensible data types. These improvements could potentially impact $SOL price in the near future.
•SEC drops investigation into Ethereum
The United States Securities and Exchange Commission's enforcement division has announced that it is closing its investigation into whether $ETH is considered a security. “The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0” announced Ethereum developer Consensys in a June 19 X post. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions,” the firm celebrated, calling it a “major win for Ethereum developers, technology providers, and industry participants.”
Stay tuned for more updates from MarMag! New posts coming soon :))
#Ethereum2024 #GameFi #web3
Daily CRYPTO NEWS recap📈🔥- 18.06.2024
•Bitcoin in correction phase, will it drop below $64000?
The first cryptocurrency, Bitcoin, is currently experiencing a visible pullback of -6.7%. This type of market behavior is common and often precedes a significant upward movement, commonly referred to as a "pump." There are various assumptions and predictions regarding its price movement. However, the most likely scenario is a drop to the $62,000 to $64,000 level. Then, after short accumulation phase, $BTC should go to the MOON! (DYOR).
•Tether launches new gold backed, US Dolar pegged stablecoin - Alloy
According to the company, Alloy will be overcollateralized by Tether Gold (XAUt) — a token that provides ownership of physical gold — but pegged to the U.S. dollar. By definition, the new token is a synthetic dollar, which is designed to mimic the value and functionality of the U.S. dollar without being directly backed by it. The synthetic dollar can be minted by depositing XUSDT through a smart contract and price oracles.
•Memecoins are going down, why?
Memecoins, such as $PEPE , $DOGE , are currently experiencing significant declines in today's market. The primary reason for this altcoin downtrend is generally attributed to Bitcoin's pullback. Memecoins are particularly affected by this trend because they are typically considered to be less useful and more reliant on market hype for their value. As Bitcoin's price drops, it tends to drag down the prices of these more speculative and volatile assets. Another reason for the decline in memecoins sector is the decreasing trading volume. Fewer traders are showing interest in these risky assets, contributing to their downturn.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #altcoins #meme_coin #Bitcoin❗
•Bitcoin in correction phase, will it drop below $64000?
The first cryptocurrency, Bitcoin, is currently experiencing a visible pullback of -6.7%. This type of market behavior is common and often precedes a significant upward movement, commonly referred to as a "pump." There are various assumptions and predictions regarding its price movement. However, the most likely scenario is a drop to the $62,000 to $64,000 level. Then, after short accumulation phase, $BTC should go to the MOON! (DYOR).
•Tether launches new gold backed, US Dolar pegged stablecoin - Alloy
According to the company, Alloy will be overcollateralized by Tether Gold (XAUt) — a token that provides ownership of physical gold — but pegged to the U.S. dollar. By definition, the new token is a synthetic dollar, which is designed to mimic the value and functionality of the U.S. dollar without being directly backed by it. The synthetic dollar can be minted by depositing XUSDT through a smart contract and price oracles.
•Memecoins are going down, why?
Memecoins, such as $PEPE , $DOGE , are currently experiencing significant declines in today's market. The primary reason for this altcoin downtrend is generally attributed to Bitcoin's pullback. Memecoins are particularly affected by this trend because they are typically considered to be less useful and more reliant on market hype for their value. As Bitcoin's price drops, it tends to drag down the prices of these more speculative and volatile assets. Another reason for the decline in memecoins sector is the decreasing trading volume. Fewer traders are showing interest in these risky assets, contributing to their downturn.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #altcoins #meme_coin #Bitcoin❗
Daily CRYPTO NEWS recap📈🔥- 17.06.2024
•Upcoming Ethereum upgrade - PECTRA, what are the risks?
The Ethereum Prague-Electra (Pectra) upgrade is expected to enable normal crypto wallets to function like smart contracts, increase the amount of minimal $ETH required to be a validator from 32 to 2048 tokens, and improve the security of Ethereum Virtual Machines (EVMs). While these changes are generally beneficial, they come with certain risks. The new staking requirements may expose staked assets to downtime or slashing risks and could potentially decrease decentralization.
•Stablecoins expected to help the USA compete with China
US dollar-backed stablecoins (like $USDC ) are considered one of the solutions to the impending but avoidable debt crisis. “There would be an immediate, durable increase in demand for U.S. debt, which would reduce the risk of a failed debt auction and an attendant crisis,” said Ryan, who now serves as a policy council member at cryptocurrency-focused venture capital firm Paradigm. This demand could significantly strengthen the US dollar and restore its dominance in the international market.
•Why watching $BTC whales is useless?
Tracking the wallets of whales (holders with significant amounts of cryptocurrency) is a popular trading tactic to analyze market sentiment and trends. While whales can influence the market, their movements can be interpreted in various ways, so the data never provides a definitive indication. For example, if a massive holder becomes active, some traders might see this as a reason for a pullback, assuming the whale intends to sell their holdings. However, it could also mean that the whale wants to buy even more tokens, and this assumption is equally uncertain. That means opening "short" or "long" trades is like a gambling...
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pectra #WhalesBuying #StablecoinDebate
•Upcoming Ethereum upgrade - PECTRA, what are the risks?
The Ethereum Prague-Electra (Pectra) upgrade is expected to enable normal crypto wallets to function like smart contracts, increase the amount of minimal $ETH required to be a validator from 32 to 2048 tokens, and improve the security of Ethereum Virtual Machines (EVMs). While these changes are generally beneficial, they come with certain risks. The new staking requirements may expose staked assets to downtime or slashing risks and could potentially decrease decentralization.
•Stablecoins expected to help the USA compete with China
US dollar-backed stablecoins (like $USDC ) are considered one of the solutions to the impending but avoidable debt crisis. “There would be an immediate, durable increase in demand for U.S. debt, which would reduce the risk of a failed debt auction and an attendant crisis,” said Ryan, who now serves as a policy council member at cryptocurrency-focused venture capital firm Paradigm. This demand could significantly strengthen the US dollar and restore its dominance in the international market.
•Why watching $BTC whales is useless?
Tracking the wallets of whales (holders with significant amounts of cryptocurrency) is a popular trading tactic to analyze market sentiment and trends. While whales can influence the market, their movements can be interpreted in various ways, so the data never provides a definitive indication. For example, if a massive holder becomes active, some traders might see this as a reason for a pullback, assuming the whale intends to sell their holdings. However, it could also mean that the whale wants to buy even more tokens, and this assumption is equally uncertain. That means opening "short" or "long" trades is like a gambling...
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pectra #WhalesBuying #StablecoinDebate
Daily CRYPTO NEWS recap📈🔥- 15.06.2024
•$ETH spot ETFs are likely to begin trading by July 2
According to Bloomberg ETF analyst Eric Balchunas, Ether spot ETFs could begin trading in the USA by July 2. While some traders see this as an opportunity for a significant uptrend, Stephen Richardson, managing director of financial markets at Fireblocks, argued that spot Ether ETFs won’t see the same day-one inflow as spot Bitcoin ETFs did. The reason for that are use cases which are far more difficult o value.
•Australia with its first $BTC ETF
The Australian Securities Exchange has approved the VanEck Bitcoin ETF, which is scheduled to start trading on June 20. Although these ETFs are being accepted by the largest stock exchange in Australia, they are not expected to have a major influence on market prices. However, it is beneficial to have another BTC market that can generate additional demand for this asset.
•Former Binance CEO "CZ" with 64% of $BNB circulating supply
Forbes estimates Zhao's current net worth at $61 billion, placing him as the 24th richest person in the world. The former CEO owns 94 million BNB tokens, a Forbes report revealed. According to a forensic analysis conducted by Gray Wolf Analytics and the financial outlet, 80 million BNB tokens were allocated to the Binance founding team, and the company still controls 46 million of those tokens. This means CZ and Binance currently hold an estimated 147 million BNB, which is around 71% of the circulating supply.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #ETFEthereum #ETFvsBTC #BNBToken
•$ETH spot ETFs are likely to begin trading by July 2
According to Bloomberg ETF analyst Eric Balchunas, Ether spot ETFs could begin trading in the USA by July 2. While some traders see this as an opportunity for a significant uptrend, Stephen Richardson, managing director of financial markets at Fireblocks, argued that spot Ether ETFs won’t see the same day-one inflow as spot Bitcoin ETFs did. The reason for that are use cases which are far more difficult o value.
•Australia with its first $BTC ETF
The Australian Securities Exchange has approved the VanEck Bitcoin ETF, which is scheduled to start trading on June 20. Although these ETFs are being accepted by the largest stock exchange in Australia, they are not expected to have a major influence on market prices. However, it is beneficial to have another BTC market that can generate additional demand for this asset.
•Former Binance CEO "CZ" with 64% of $BNB circulating supply
Forbes estimates Zhao's current net worth at $61 billion, placing him as the 24th richest person in the world. The former CEO owns 94 million BNB tokens, a Forbes report revealed. According to a forensic analysis conducted by Gray Wolf Analytics and the financial outlet, 80 million BNB tokens were allocated to the Binance founding team, and the company still controls 46 million of those tokens. This means CZ and Binance currently hold an estimated 147 million BNB, which is around 71% of the circulating supply.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #ETFEthereum #ETFvsBTC #BNBToken
Daily CRYPTO NEWS recap📈🔥- 14.06.2024
•Holograph dumps -80% after exploiter mints 1B additional HLG tokens
Holograph, a blockchain tokenization platform, fell victim to a hacker who minted 1 billion HLG tokens, currently worth approximately $6.7 million. Holograph's X account confirmed the attack on June 14 and assured that the exploit had been patched. To prevent further malicious activity, Holograph's team and cryptocurrency exchanges are working diligently to block the hacker's account.
•Greenpeace alleges that the companies involved in mining Bitcoin contribute to environmental harm
Major financial institutions on Wall Street should be held responsible for financing the emissions-heavy Bitcoin mining industry, according to a new report by Greenpeace USA. Fortunately, the allegations target Wall Street titans and not independent miners. Greenpeace criticized banks for their hypocrisy, noting that while they have green, sustainability goals on their agenda, they also invest in or finance the crypto mining industry. Which is claimed to be "profit on environmental harm"
•Current $BTC distribution, ETFs are pushing significantly
Recent research shows Bitcoin's distribution:
• Private owners - 57%
• Lost - 17.6%
• Remaining to be mined - 6.6%
• Satoshi - 5.2%
• ETFS - 3.9%
• Corporations - 3.6%
• Miners - 3.4%
• US government - 2.7%
Stay tuned for more updates from MarMag! New posts coming soon :))
#ETFvsBTC #holograph #BTC #Bitcoin❗ #NewsAboutCrypto
•Holograph dumps -80% after exploiter mints 1B additional HLG tokens
Holograph, a blockchain tokenization platform, fell victim to a hacker who minted 1 billion HLG tokens, currently worth approximately $6.7 million. Holograph's X account confirmed the attack on June 14 and assured that the exploit had been patched. To prevent further malicious activity, Holograph's team and cryptocurrency exchanges are working diligently to block the hacker's account.
•Greenpeace alleges that the companies involved in mining Bitcoin contribute to environmental harm
Major financial institutions on Wall Street should be held responsible for financing the emissions-heavy Bitcoin mining industry, according to a new report by Greenpeace USA. Fortunately, the allegations target Wall Street titans and not independent miners. Greenpeace criticized banks for their hypocrisy, noting that while they have green, sustainability goals on their agenda, they also invest in or finance the crypto mining industry. Which is claimed to be "profit on environmental harm"
•Current $BTC distribution, ETFs are pushing significantly
Recent research shows Bitcoin's distribution:
• Private owners - 57%
• Lost - 17.6%
• Remaining to be mined - 6.6%
• Satoshi - 5.2%
• ETFS - 3.9%
• Corporations - 3.6%
• Miners - 3.4%
• US government - 2.7%
Stay tuned for more updates from MarMag! New posts coming soon :))
#ETFvsBTC #holograph #BTC #Bitcoin❗ #NewsAboutCrypto
#Bitcoin whales takes advantage of current $BTC off-trend and buys more than $1.4B of it, in last 24h 🔥
BTC's whales took full advantage from latest pull backs on June 11-13 and accumulated around 206000 BTC. That shows hope for uptrend in near future!
Stay tuned for more updates from MarMag! New posts coming soon :))
BTC's whales took full advantage from latest pull backs on June 11-13 and accumulated around 206000 BTC. That shows hope for uptrend in near future!
Stay tuned for more updates from MarMag! New posts coming soon :))
It is official! #MoonPay team up with #PayPal to enable fiat on-ramp for UK and EU.
PayPal, the third-most commonly used payment platform in USA and one of the most used in EU has recently been noticed by MoonPay.
MoonPay has announced integration of another fiat on-ramp for customers in the European Union and the United Kingdom. PayPal's customers soon will be able to purchase crypto via MoonPay platform. Get ready for easy way to buy $BTC , $ETH , $BNB and other most popular tokens!
Stay tuned for more updates from MarMag! New posts coming soon :))
#MarketSentimentToday
PayPal, the third-most commonly used payment platform in USA and one of the most used in EU has recently been noticed by MoonPay.
MoonPay has announced integration of another fiat on-ramp for customers in the European Union and the United Kingdom. PayPal's customers soon will be able to purchase crypto via MoonPay platform. Get ready for easy way to buy $BTC , $ETH , $BNB and other most popular tokens!
Stay tuned for more updates from MarMag! New posts coming soon :))
#MarketSentimentToday
Latest Crypto #News Recap from last 24h 🔥
Bitcoin's pull back phase is about to end;
Donald Trump wants and supports $BTC mining in USA; Blockchain technology in racing!
Bitcoin's after-halving periodicity clearly highlights the end of pull back. If current analyses are correct, we could soon see significant gains in the so-called "Banana Zone". However, this is not guaranteed, as summer periods are rarely bullish for Bitcoin. Additionally, today's FOMC meeting might further boost BTC's upward trend...
Donald #Trupm has expressed his support for #Bitcoin once again! In a recent post on X/Twitter, he stated that he wants "all remaining Bitcoin to be MADE IN THE USA!!!" He agreed that this move would help the country become "energy dominant" and referred to Bitcoin as the country's "last line of defense" against a central bank digital currency (CBDC). This presents a significant opportunity for #mining companies in USA...
Blockchain technology has found another use case: racing. The McLaren Artura GT4 will utilize blockchain technology for real-time data analysis during races at Circuit de Spa-Francorchamps. Race Lab, one of the five teams using the McLaren GT4 in the British GT Championship, will install a blockchain-powered data tracker to capture 20 data parameters. These parameters include vehicle ignition timing, braking, oil pressure, engine temperature, steering angle, rotation, and gear switching.
Stay tuned for more updates from MarMag! New posts coming soon :))
Bitcoin's pull back phase is about to end;
Donald Trump wants and supports $BTC mining in USA; Blockchain technology in racing!
Bitcoin's after-halving periodicity clearly highlights the end of pull back. If current analyses are correct, we could soon see significant gains in the so-called "Banana Zone". However, this is not guaranteed, as summer periods are rarely bullish for Bitcoin. Additionally, today's FOMC meeting might further boost BTC's upward trend...
Donald #Trupm has expressed his support for #Bitcoin once again! In a recent post on X/Twitter, he stated that he wants "all remaining Bitcoin to be MADE IN THE USA!!!" He agreed that this move would help the country become "energy dominant" and referred to Bitcoin as the country's "last line of defense" against a central bank digital currency (CBDC). This presents a significant opportunity for #mining companies in USA...
Blockchain technology has found another use case: racing. The McLaren Artura GT4 will utilize blockchain technology for real-time data analysis during races at Circuit de Spa-Francorchamps. Race Lab, one of the five teams using the McLaren GT4 in the British GT Championship, will install a blockchain-powered data tracker to capture 20 data parameters. These parameters include vehicle ignition timing, braking, oil pressure, engine temperature, steering angle, rotation, and gear switching.
Stay tuned for more updates from MarMag! New posts coming soon :))
Arbitrum will distribute $215M in $ARB tokens for WEB 3.0 gaming development 🔥
The #Arbitrum Foundation which is responsible for well known rollup-based layer-2 network Arbitrum, has decided to give away massive resources for developing the gaming industry within its ecosystem.
The proposal sets aside 225 milion ARB tokens currently valued at ~$215M to distribute over 3 years through Gaming Catalyst Program (GCP).
The proposal which was accepted by more than 75% of Arbitrum DAO aims to rapidly increase usage and recognition of Arbitrum Network. A large portion of delegated funds are going to be distributed among developers and publishers (500 000 ARB; ~$480 000).
Stay tuned for more updates from MarMag! New posts coming soon :))
The #Arbitrum Foundation which is responsible for well known rollup-based layer-2 network Arbitrum, has decided to give away massive resources for developing the gaming industry within its ecosystem.
The proposal sets aside 225 milion ARB tokens currently valued at ~$215M to distribute over 3 years through Gaming Catalyst Program (GCP).
The proposal which was accepted by more than 75% of Arbitrum DAO aims to rapidly increase usage and recognition of Arbitrum Network. A large portion of delegated funds are going to be distributed among developers and publishers (500 000 ARB; ~$480 000).
Stay tuned for more updates from MarMag! New posts coming soon :))
More and more countries are turning to cryptocurrency as an investment and security asset 🔥
El Salvador has been at the forefront of this movement, with its government purchasing one $BTC every day regardless of its price. But they are not alone!
Recent news reports indicate that the Argentine government met with representatives from El Salvador last week to discuss Bitcoin adoption. This development highlights how countries facing financial crises or significant inflation rates are looking to Bitcoin as a form of digital gold to store value and potentially profit from it. Isn't this remarkable? Which countries are next?
Stay tuned for more updates from MarMag! New posts coming soon :))
#BTC☀ #BTC70K✈️ #NewsAboutCrypto #ElSalvadorBitcoin
El Salvador has been at the forefront of this movement, with its government purchasing one $BTC every day regardless of its price. But they are not alone!
Recent news reports indicate that the Argentine government met with representatives from El Salvador last week to discuss Bitcoin adoption. This development highlights how countries facing financial crises or significant inflation rates are looking to Bitcoin as a form of digital gold to store value and potentially profit from it. Isn't this remarkable? Which countries are next?
Stay tuned for more updates from MarMag! New posts coming soon :))
#BTC☀ #BTC70K✈️ #NewsAboutCrypto #ElSalvadorBitcoin
New TON chain Airdrop confirmed 📈💰🔥
Dotcoin is a rapidly developing Telegram community which allows its users to earn rewards by tapping screen a few times a day, by extra missions and games, just like $NOT did. More than 3M active users ale involved in this project! The Airdrop is planned by the end of summer so it is about time to join community to don’t miss out on this opportunity.
Here is a link you can copy to get started and earn bonus points: https://t.me/dotcoin_bot?start=r_5792276208
That was a small doze of MarMag’s info. New posts incoming :))
#airdrop #ToncoinSurge #InfoAboutCrypto #NewsAboutCrypto #dotcoin
Dotcoin is a rapidly developing Telegram community which allows its users to earn rewards by tapping screen a few times a day, by extra missions and games, just like $NOT did. More than 3M active users ale involved in this project! The Airdrop is planned by the end of summer so it is about time to join community to don’t miss out on this opportunity.
Here is a link you can copy to get started and earn bonus points: https://t.me/dotcoin_bot?start=r_5792276208
That was a small doze of MarMag’s info. New posts incoming :))
#airdrop #ToncoinSurge #InfoAboutCrypto #NewsAboutCrypto #dotcoin
TON achieved huge success but what next?
TON (The Open Network), the blockchain developed by Nikolai Durov and Telegram team recently hit the roof with its TON token.
All of it is caused by rapidly developing dApps with their own tokenomics based on TON network. For example $NOT coin which in this week almost gained +150%. Listing of TON on Robinhood’s trading platform also pumped the price significantly.
Many traders believe that it is not end of big gains and TON have a bright future. What is Your opinion?
That was a small doze of MarMag’s info. New posts incoming :))
#TonSociety #NOT🔥🔥🔥 #StartInvestingInCrypto #NewsAboutCrypto #CryptoNewss
TON (The Open Network), the blockchain developed by Nikolai Durov and Telegram team recently hit the roof with its TON token.
All of it is caused by rapidly developing dApps with their own tokenomics based on TON network. For example $NOT coin which in this week almost gained +150%. Listing of TON on Robinhood’s trading platform also pumped the price significantly.
Many traders believe that it is not end of big gains and TON have a bright future. What is Your opinion?
That was a small doze of MarMag’s info. New posts incoming :))
#TonSociety #NOT🔥🔥🔥 #StartInvestingInCrypto #NewsAboutCrypto #CryptoNewss
