🌟BlackRock CEO Larry Fink has called Bitcoin "digital gold." He noted the rapid growth of interest in cryptocurrencies among the company's clients, which helps diversify investment portfolios. According to Fink, Bitcoin has unique value compared to other assets and has the potential to transcend a single currency, offering global investment opportunities. Fink also expressed confidence in Bitcoin's long-term viability despite past doubts. BlackRock has filed for a Bitcoin spot ETF, which has become the fastest growing ETF in history, accumulating $17.1 Trillion in its first few months. 🚀💎

W&V❤️

How to become a P2p merchant?

Becoming a P2P trader on Binance is a great way to get involved in cryptocurrency trading. Here are the steps to achieve it:

1 Log in to your Binance account.

2 Click [Trade] and select [P2P].

3 Go to [P2P User Center] and click [Become a Merchant].

Complete SMS or email authentication and identity verification.

Make sure you have enough USDT in your Funds wallet.

4 Click [Apply] to submit your application.

Once you meet the requirements, the Binance team will contact you within 14 business days. As a P2P trader, you'll enjoy benefits like industry-leading security, dedicated customer support, special promotions, and personalized trading methods.

The list of top 10 centralized exchanges by capital inflow in Q2 2024:

Binance: Topping the list with $908 million in capital inflows.
Bitfinex: In second place, with $709 million.
Bitget Global: Third place, with $561 million.
Bybit: Fourth place, with $465 million.
Gate.io: Fifth place, with $400 million.
MaskEX Global: Sixth place, with $177 million.
Korbit: Seventh place, with $39 million.
Phemex: Eighth place, with $17.2 million.
Coinsquare: Ninth place, with $15.8 million.
Robinhood: Tenth place, with $14.6 million1.
Binance continues to lead in capital inflows thanks to its strong ecosystem, diverse offerings and market presence. 😊 #Binance

Ryan Selkis, co-founder and CEO of Messari:

Main topics in the web3 field
At an event in Paris, Selkis announced the top ten topics in the Web3 field for this year. These include:

Bitcoin: Always relevant, with an MVRV Z-Score indicator that deserves attention.
Capital inflow infrastructure promoted by ETFs.

Ethereum Counterattack, along with other cryptocurrencies such as Solana and Base.
Tokenized USD, impact of global policies and regulation.

DUNA, a decentralized non-profit organization similar to a new DAO.
DeFi/DePIN/DeSoc and Meme1 coins.
DeFi Prediction:

Selkis predicted that the DeFi bubble will burst sooner than people expect, similar to what happened with initial coin offerings (ICOs).

Opinion on the SEC:
Selkis criticized the United States Securities and Exchange Commission (SEC), calling it illegitimate and corrupt. According to him, the SEC works for the benefit of those who make it up.

Nice guys

NICE

Bitcoin fell to its lowest point of the week, hitting $64,784, its lowest level since June 3. This comes just before the release of US inflation data and a Fed meeting. Other crypto assets such as Ether, Solana and Dogecoin also recorded declines.

The $100 billion mark was reached in just 10 years, with the majority raised since the COVID-19 pandemic.
More than $100 billion has been raised by cryptocurrency startups since the end of May 2014.

Looking back, there have been ups and downs amid regulatory uncertainty and market volatility. But the last four years have seen both the ceiling and the floor rise despite continued spikes and dips.

Data provided by aggregator TVL DefiLlama shows that, as of June 16, 2024, the total financing recorded for the cryptocurrency industry stands at $101.35 billion. Way back in May 2014, just five years after the creation of Bitcoin (and still a year away from the launch of Ethereum), the first month of recorded cryptocurrency startup funding was a comparatively modest $17.14 million. .

Fast forward 10 years to May 2024, industry funding reached $280.25 million for the month, substantially higher than a decade ago, but well below the previous month's figure of $777.11 million.
Funding for cryptocurrency startups peaked in October 2021, with over $7 billion raised. No other month comes close to this figure, with February 2022 being the second highest on record at $3.67 billion.

Study: Crypto Market Participants Prefer Meme Coins, Reject High FDV Projects

The growing preference of cryptocurrency market participants for character or celebrity meme tokens signals a growing disdain for projects with a completely diluted high value, Kucoin's latest report has indicated. Tap-to-earn projects have “noticeably higher global participation data” due to their lower barriers to understanding and participation.

High FDV Tokens Face Limited Price Discovery Opportunities
According to Kucoin’s June research report, cryptocurrency market participants are increasingly turning their attention toward character or celebrity meme tokens with “relatively obscure low market cap assets.” The report suggests the shift comes from investor frustration with projects that have high fully diluted value (FDV) and low initial circulating market capitalizations.
As an educational post from Bitcoin.com News recently explained, FDV represents the total value of a cryptocurrency project if all of its tokens, including locked ones, were in circulation. A high FDV potentially points to dilution of token value if and when locked tokens or coins enter circulation.

The Kucoin report indicates that some investors are avoiding high FDV tokens because they offer limited price discovery opportunities for retail investors, making wealth creation challenging. To illustrate the change in investor behavior, the report highlights how Notcoin, launched with 100% of its tokens in circulation, has been trending.

“Notcoin was launched with 100% of its tokens in circulation from the beginning. After some time on the market, by the end of May, both NOT price and trading volume saw significant growth.

The notable cryptocurrency news for today, June 10, 2024, is as follows:

Bitcoin (BTC): It presents a slight increase of 0.09% in its price compared to yesterday's close, trading at $69,649.36 USD.

Ethereum (ETH): Registered a decrease of 0.46%, with a current price of $3,680.74 USD2.

Dogecoin (DOGE): It has a decrease of 0.96%, trading at $0.14 USD per unit2.

Furthermore, the overall crypto market is showing positive momentum, with the total market capitalization reaching $2.571 trillion USD, representing a change of 0.53% over the last day.

It is important to remember that cryptocurrency prices are very volatile and can change quickly. For investments and operations, it is recommended to consult specialized platforms and consider the risk associated with market fluctuation.

WHY IS#BITCOINDOWN?
Last Friday, the price of Bitcoin experienced a significant drop, going from a value of approximately $72,000 to less than $69,000. This decline resulted in massive liquidations in the cryptocurrency market.

The pullback in Bitcoin price came after a US jobs report for May showed stronger-than-expected results, with 272,000 jobs added. This apparently thwarted expectations of an imminent interest rate cut by the Federal Reserve, leading to a rise in interest rates and the value of the dollar.

Additionally, the drop in GameStop shares, which plunged 40% during a highly anticipated livestream by Roaring Kitty, contributed to the negative mood in the cryptocurrency markets. The meme coin associated with GameStop also suffered a 50% drop from its Friday highs.

In total, the rapid downward market action resulted in liquidations of approximately $850 million in leveraged derivatives trading positions across digital assets2. This volatility highlights the risks inherent in the cryptocurrency market and the influence of macroeconomic and stock market events on digital asset prices.

#Binance, the world's largest cryptocurrency exchange, has reached an impressive milestone by surpassing 200 million registered users. This achievement was announced on June 8, 2024, almost seven years after the platform was launched.

Binance CEO Richard Teng commented that this success not only reflects the growth of Binance, but also the rapid increase in the adoption of cryptocurrencies and Web3 technologies globally2. Furthermore, if Binance were a country, it would be among the ten most populous in the world, surpassing nations like Bangladesh, Russia, and Mexico.

This achievement comes less than three months after Binance surpassed $100 billion in assets under custody. It is also noted that Binance leads in terms of liquidity among centralized exchanges, with an average trading volume that amounts to $773 billion, significantly higher than other competitors.

It is fascinating to see how cryptocurrencies and blockchain technology continue to transform the financial world and how platforms like Binance are at the forefront of this revolution. And how long do you spend on the platform #binance.

$BTC Bitcoin today: the price as of June 9
The cryptocurrency is trading at US$69,738.5; This price shows a variation of 100% of the value of the last 24 hours
Bitcoin (BTC) is trading today, June 9, at US$69,738.5, according to the Live Coin Watch portal
This price positions it 100% compared to its value 24 hours ago and 103% compared to the same day last week.

The token's current dominance (market capitalization) is US$1,374,530,920,913.
#Bitcoin

$TODAY in Learning
Cryptocurrency exchanges are platforms that allow users to buy, sell or exchange crypto assets. There are two main types: centralized (CEX) and decentralized (DEX).

Centralized Exchanges (CEX):#CEX

Ownership and Operation: They are operated by a central entity that acts as an intermediary between buyers and sellers.

Services: They offer a variety of services such as account maintenance, cryptoasset transactions, and customer support.

Security: They are responsible for the security of user funds and usually follow legal regulations and standards1.
Convenience: They provide easy-to-use interfaces and are convenient for new users.

Liquidity: They have high liquidity, which facilitates the rapid execution of large volumes of transactions.

Decentralized Exchanges (DEX):#DEX

Autonomous Operation: They operate autonomously without a central entity and use blockchain technology to facilitate transactions.

Anonymity: They guarantee a greater degree of privacy and anonymity since they do not require detailed personal information from users.

Security: Users have full control over their private keys and funds, reducing the risk of centralized hacks.

Token Variety: They tend to offer a wider range of cryptoassets, including lesser-known tokens3.
What to do as an investor?

Research: It is crucial to research and understand how both types of exchanges work before using them.
Diversification: Consider using both types to diversify risk.
Security: Ensure you implement robust security practices, especially on DEXs where the user is solely responsible for their funds.
Knowledge: Stay up to date with the latest news and developments in the cryptocurrency space to make informed decisions.
Both types of exchanges have their advantages and disadvantages, and the choice between one or the other will depend on the user's needs and preferences.

#Telegram
GOOD NEWS crypto followers
Telegram
Explore
Telegram has launched a new feature called Telegram Stars, which allows bots and applets to sell digital goods and services using this new internal currency1. Telegram's bot platform update supports payments for digital goods seamlessly, and stars can be purchased within the app through Apple or Google or on PremiumBot1.

Developers will be able to withdraw the stars earned by their bots in the Toncoin cryptocurrency using the Fragment platform. In the future, more features related to Telegram stars are planned to be added, such as the ability to send gifts to content creators.

This innovation is in line with Apple and Google policies on the sale of digital goods and offers Telegram ecosystem developers and their users unprecedented access to in-app purchases.

It is significant news for investors and developers interested in digital commerce and cryptocurrencies.

Cryptocurrencies have seen a significant drop in recent weeks due to several key factors:
The collapse of UST and Luna: The collapse of the Terra token (Luna) and its sister stablecoin, TerraUSD (UST), generated panic among investors, leading to a massive sell-off in the cryptocurrency market1.
Rising interest rates: The US Federal Reserve and the European Central Bank raised interest rates to combat inflation, which is usually an indicator of recession and resulted in a loss of confidence and selling of securities. digital assets

Stock market activity: There is a correlation between the stock market and the cryptocurrency market. When the former shows a downward trend, the latter often follows the same path.
As for predictions for the coming weeks, it is important to remember that the cryptocurrency market is highly volatile and prices can fluctuate rapidly due to a variety of factors, including supply and demand, government regulation, and perception of value. by investors.
Predictions suggest that both Bitcoin and Ethereum could see growth, but it is always essential to do thorough research and consider the opinions of various experts before making investment decisions.

In terms of advice for investors during these volatile times, experts recommend:

Diversify the portfolio: Do ​​not put all your eggs in the same basket and distribute investments in different assets to minimize risks
Risk management strategies: Use stop-loss orders to limit potential losses and dollar-cost averaging to reduce the impact of volatility
Stay informed: Follow market news and trends to make decisions based on the most up-to-date information.