Cryptocurrency markets have lost $230 billion in market capitalization in just six days.
This move comes as Bitcoin shed 11.65% from its all-time high of $73,949 in the last five days.
The AI category of altcoins contributed the most to the recent crash by losing 41% of their value in the past week.
The two most important contribution to the ongoing bull market is the meteoric rise in Bitcoin due to the ETF approval and the sudden interest spike in Solana ecosystem. But the recent move suggests that the upward momentum is dissipating and a correction looms.
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SingularityNET announced that this process will begin on June 11 with the renaming of FET to ASI, followed by the conversion of AGIX and OCEAN tokens on June 13. This strategic operation aims to consolidate the strengths of these three major players in the AI crypto sector.
- FET will be converted to ASI at a conversion rate of 1:1
- AGIX will be converted to ASI at a conversion rate of 1:0.433350
- OCEAN will be converted to ASI at a conversion rate of 1:0.433226
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NB: Fetch.ai (FET), Ocean Protocol (OCEAN), And SingularityNET (AGIX) Merge Set Completion Is Set For 13th June 2024..
Is Copy Trading Good For Beginners?
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SEC’s Gary Gensler says it could take time for spot ether ETFs to begin trading: CNBC Crypto WorldCNBC
Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Faryar Shirzad, chief policy officer at Coinbase, discusses the company’s latest donation to digital asset-focused super PAC Fairshake.
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Email Phishing Attack Hits Crypto Firms as Users Are Warned to be Wary of Compromised Newsletters
A "supply chain email breach attack" that is currently targeting users via compromised newsletter mailing lists has hit several cryptocurrency companies. This breach involves a vendor responsible for managing mailing lists for multiple crypto businesses, although the vendor's identity remains undisclosed. Bitfinex CTO Paolo Ardoino and CoinGecko founder Bobby Ong have both confirmed the breach. Ardoino warned, "We have received two independent confirmations that a prominent vendor used by crypto companies to manage mailing lists might have been compromised. Please beware of any emails suggesting crypto-airdrops received more than 24 hours ago." Phishing attacks, which are designed to trick individuals into clicking on malicious links, are a common tactic used by cybercriminals. These links can steal personal information, such as login credentials, or provide direct access to an individual's online crypto wallet, potentially allowing the attacker to drain its contents. The extent of the damage caused by this specific phishing campaign remains unclear, including whether any funds have been stolen.
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To Copy Go To Binance App And Search For "Binance Spot Copy Trading". After Clicking That Link You Will Directly Go To The Next Page. And Then You Will Find Lots Of Portfolios. My Portfolio Named 'Mr-Patience'. You Guys Can Copy Me Also.