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Russia proposes creating a crypto fund for international settlements

The Russian Union of Industrialists and Entrepreneurs (RSPP) has proposed creating a crypto fund for international settlements to bypass sanctions, Vedomosti reports.

The idea involves using cryptocurrencies mined in Russia for cross-border transactions, circumventing the ban on their domestic circulation. The fund would issue digital financial assets (DFAs) pegged to cryptocurrency. These DFAs would represent a right to claim, avoiding speculative demand.

The fund is planned to be established in a special administrative region where miners can open accounts and store cryptocurrency. For foreign trade operations, the fund needs accounts on global exchanges, posing a risk of blockage, which could be resolved through a network of payment agents.

The idea has not yet been submitted to the Ministry of Finance and the Central Bank of Russia. A bill on digital currency regulation has been in the State Duma since 2022 and is yet to be adopted. Experts support the initiative, believing it allows for profit from cryptocurrency value changes without domestic circulation. However, its implementation would require changes in the Central Bank's stance and coordination with regulators.

Insights

In June 2024, the $ANDY token experienced price fluctuations. Here are some insights from the news within this month:

CoinMarketCap Report: The live price of Andy today is $0.017133 USD with a 24-hour trading volume of $224,533 USD. The token has seen a 14.11% decrease in the last 24 hours. The current CoinMarketCap ranking is #3241, with details on circulating supply not available and a maximum supply of 1,000,000,000 ANDY coins. (Source)

MarketBeat Analysis: ANDY (ETH) is a cryptocurrency launched in 2024 on the Ethereum platform with a current supply of 1,000,000,000,000. The last known price of ANDY (ETH) is 0.00019301 USD, showing an 8.17% decrease over the last 24 hours. It is actively trading on 33 markets, with $5,708,670.44 traded. (Source)

CoinGecko Overview: The price of Andy is $0.0002143 today with a 24-hour trading volume of $5,112.18, indicating a 4.15% price decline in the last 24 hours. The market cap of Andy is not reported due to the unavailability of circulating supply data. (Source)

The reason behind the price change of the $ANDY token could be influenced by various factors such as market demand, trading volume, overall cryptocurrency market trends, project developments, partnerships, regulatory changes, and investor sentiment. It is essential to closely monitor news and updates related to the $ANDY token to understand the dynamics affecting its price movement within the volatile cryptocurrency market.
#ANDYETH #ANDY

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👍 Saylor Expects Bitcoin to Reach $10 Million

Michael Saylor, founder of MicroStrategy, is confident that, sooner or later, Bitcoin will reach $10,000,000, and China will once again allow cryptocurrencies.

By the way, I recently reported that MicroStrategy purchased 11,931 BTC — the company now holds 226,331 BTC, acquired at an average price of $36,798.

😵 Lost $11.1 Million Due to Phishing Attack

A user signed several fake transactions and handed over 3,657 MKR ($8.7 million) and 2.56 million PT Ethena ($2.4 million) to scammers.

Some people should simply be banned from dealing with crypto...

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Chinese Elements in Design and Branding of the $BIAO Token:

Panda Motif: The $BIAO token incorporates a panda motif, a symbol strongly associated with Chinese culture. Pandas are native to China and are often used to represent cuteness, uniqueness, and goodwill.

Eastern Meme Influence: Drawing inspiration from Eastern meme culture, the $BIAO token captures the essence of humor, creativity, and cultural references that resonate with audiences familiar with meme trends in Asia.

Cultural References: By integrating elements like traditional Chinese symbols, colors, and themes, the $BIAO token creates a visual identity that reflects the rich heritage and artistic traditions of China.

Unique Branding: The branding of $BIAO token as the "Chinese PEPE" implies a connection to popular meme culture while distinctly positioning itself as a unique and innovative project within the cryptocurrency space.

By leveraging these Chinese elements in its design and branding, the $BIAO token establishes a strong cultural identity that appeals to a diverse audience and aligns with the trend of incorporating regional influences in the crypto market.

#BIAO

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Insights

Insights of $MAGA Token from June 2024 News:

Whales Dump MAGA Tokens Leading to Price Decline:

One investor exchanged a significant amount of MAGA tokens for Ethereum, resulting in a 35% decline for $TRUMP. This move influenced the market and impacted the token's value. (Source)

BTSE Listing MAGA Hat (MAGA) Token:

BTSE listed the MAGA Hat (MAGA) token on June 5, 2024, for spot trading. This listing aimed to improve liquidity and provide better pricing for users. The token can now be traded via various trading pairs on BTSE's platform. (Source)

MAGA Coin Price Trends:

The price of MAGA coin has shown fluctuations, with a current price of $0.00023 and a 24-hour change of -13.34%. Despite short-term downticks, MAGA holders have shown optimism, with recent price movements hinting at a bullish reversal. An all-time high price of $11.53 was observed on March 4, 2024. (Source)

Explanation of $MAGA Token:

$MAGA token, associated with the "Make America Great Again" movement, is a cryptocurrency token that gained popularity within certain circles. It carries the branding of the movement led by former President Donald Trump. The token's value is subject to market dynamics like any other cryptocurrency.

Analysis of Price Change:

The price change in $MAGA token can be influenced by various factors such as market demand, investor sentiment, token supply, and external events like listings and major trades. The recent whale activity and listing on BTSE could have contributed to the price fluctuations observed in June 2024. Additionally, market speculation and the broader cryptocurrency market trends can play a significant role in shaping the token's value.

Whales dump MAGA tokens, resulting in 35% decline for $TRUMPbtse.comBTSE Will List MAGA Hat (MAGA) on June 5, 2024benzinga.comHere's How Much MAGA Coin Has Jumped Since The Ex-President ... - Benzingacryptonews.comMAGA Coin Tops Trend Charts, Eyes Turn to Next Unlisted ... - Crypto Newscoinmarketcap.comMAGA price today, TRUMP to USD live price, marketcap and chart ...and long term.

Analysts have identified the top crypto coins that are poised to set new all-time highs (ATHs), and investors are rushing to buy... FLOKI $0.00028134 -9.21% BNB $689.7 -1.99% The crypto market is preparing for another leg in the bull market, and analysts have identified the top crypto coins that are poised to set new ATHs. However, investors are rushing to buy... New ATHs have been predicted for Binance Coin (BNB) and Floki (FLOKI) in the coming weeks. Investors have been rushing to join KangaMoon (KANG), despite the fact that it is not as well-known as these leading altcoins. 
The price of Floki (FLOKI) has been on a tear over the past month, reaching a new all-time high on June 5 of $0.0003449, as predicted by Kaleo. The pseudonymous crypto trader Kaleo has predicted that despite being one of the best-performing top crypto coins, it could soar by another three times in the coming weeks.
Due to its cup-and-handle design, Floki Inu's market cap, according to Kaleo, could exceed $10 billion. This is a rise of more than 3.3 times from a market cap of $3 billion. Kaleo compared the current price pattern of Floki to the price explosion of Pepe, one of the most popular meme coins.
Binance Coin (BNB) is one of the best performing altcoins, recently surpassing $710 for a new ATH. It is set for a 70% rally to reach $1,000. While the BNB cost actually holds over the $700 support level, top expert Bluntz has anticipated that its cost could increment much further.
$FLOKI $BNB

Matic
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those five coins are :
1.$MATIC
2.$UNI
3.$DOT
4.$NEAR
read more :
For short-term investment in altcoins with high reward potential and relatively lower risk, several options stand out:
Polygon (MATIC): Polygon has recently experienced a bullish breakout, surpassing the $1 mark, which signals strong market sentiment. With continued adoption and support from major investors, Polygon is poised for further growth. However, maintaining this momentum will require strategic navigation of market dynamics and competition.
Uniswap (UNI): As a leading decentralized exchange, Uniswap benefits from the growing popularity of decentralized trading. The UNI token offers governance rights and earnings from platform fees, making it a strong contender in the DeFi space.
Polkadot (DOT): Polkadot has shown significant value increase due to ongoing development activities and strategic partnerships. The bullish trend, supported by technical indicators, suggests potential for continued upward momentum .
Near Protocol (NEAR): NEAR has seen a price surge, indicating robust market interest. Its strong technical indicators and foundational support levels suggest potential for further gains, though volatility remains a factor.
#UNI: #DOT_UPDATE #NEARToken #MATIC✅.

A serious warning on the quickly expanding NFT business has been released by the US Treasury Department. The study, "Non-Fungible Token (NFT) Illicit Finance Risk Assessment," identifies a number of NFT and related platform security flaws. NFTs can be utilized for illicit activities like supporting terrorists, money laundering, and the spread of weapons. NFTs are appealing to illegal activity because of their possibility. Among the assets susceptible to theft and fraud are NFTs. Serious dangers are present in this scenario for platforms as well as individual investors.
#NFT​ #USACryptoTrends

Crypto Market Will Reach $200 Trillion in Ten Years,
Predicts Animoca Co-Founder In the next ten years, the cryptocurrency market is expected to reach $200 trillion, according to Yat Siu, co-founder of Animoca Brands. He points out that the U.S. is behind Asia in Web3 growth because of regulatory obstacles.

Not to be missed:
Argentine President Javier Milei and OpenAI CEO Sam Altman Talk About Investment in the Worldcoin (WLD) Project Potential funding in the Worldcoin (WLD) project have been discussed by Argentine President Javier Milei and OpenAI CEO Sam Altman. Through this partnership, Argentina hopes to spur economic growth and creativity by utilizing cutting-edge blockchain and artificial intelligence technologies. Watch this space for additional information on this fascinating development!
$WLD #OpenAI's #CEO#Sam Altman