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How has Marathon Digital's acquisition of $100 million worth of Bitcoin influenced the market's perc
Marathon Digital's acquisition of $100 million worth of Bitcoin has positively influenced the market's perception of BTC's future price appreciation. This move indicates confidence from a major player in the cryptocurrency industry in Bitcoin's long-term value and potential for growth.
By investing a significant amount in Bitcoin, Marathon Digital not only demonstrates their belief in the future of the cryptocurrency but also adds to the overall demand for Bitcoin in the market. Increased deman
By investing a significant amount in Bitcoin, Marathon Digital not only demonstrates their belief in the future of the cryptocurrency but also adds to the overall demand for Bitcoin in the market. Increased deman
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Richard Teng
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ICYMI @BinanceResearch recently released their half-year report for 2024.
Despite some market volatility, the crypto industry has shown positive signs of recovery and growth over the 6 months. 💪
Read the full report here ⬇️
https://www.binance.com/en/research/analysis/half-year-report-2024
Despite some market volatility, the crypto industry has shown positive signs of recovery and growth over the 6 months. 💪
Read the full report here ⬇️
https://www.binance.com/en/research/analysis/half-year-report-2024
What regulatory challenges or advancements have influenced the price fluctuations of Aura Network's
Regulatory Challenges and Advancements Impacting Aura Network's AURA Token Price Fluctuations:
Regulatory Uncertainty: Regulatory uncertainty surrounding cryptocurrencies, especially in terms of tax regulations, licensing requirements, and legal frameworks can create volatility in the price of the AURA token. Any sudden regulatory changes or crackdowns on crypto trading can lead to price fluctuations.
Compliance Requirements: Compliance requirements such as Know Your Customer (KYC) and Anti-Mon
Regulatory Uncertainty: Regulatory uncertainty surrounding cryptocurrencies, especially in terms of tax regulations, licensing requirements, and legal frameworks can create volatility in the price of the AURA token. Any sudden regulatory changes or crackdowns on crypto trading can lead to price fluctuations.
Compliance Requirements: Compliance requirements such as Know Your Customer (KYC) and Anti-Mon
XRP News Today: Dubai Greenlights Ripple for Global Transfers Despite SEC Challenges
Key Points:
XRP gained 0.44% on Tuesday, June 25, closing the session at $0.4761.
News of Dubai approving XRP for global money transfers supported buyer demand for XRP.
On Wednesday, June 26, SEC vs. crypto case-related court rulings and SEC activity require investor attention
Investor concerns about the ongoing Ripple legal battle with the SEC continued to affect buyer demand for XRP. XRP price trends hinge on court rulings from SEC vs. crypto cases and appeal news.
XRP Ends Three-Day Losing
XRP gained 0.44% on Tuesday, June 25, closing the session at $0.4761.
News of Dubai approving XRP for global money transfers supported buyer demand for XRP.
On Wednesday, June 26, SEC vs. crypto case-related court rulings and SEC activity require investor attention
Investor concerns about the ongoing Ripple legal battle with the SEC continued to affect buyer demand for XRP. XRP price trends hinge on court rulings from SEC vs. crypto cases and appeal news.
XRP Ends Three-Day Losing
How does LayerZero incentivize network participants to utilize the $ZRO token for transactions on th
How does LayerZero incentivize network participants to utilize the $ZRO token for transactions on the LayerZero network?
LayerZero incentivizes network participants to utilize the $ZRO token for transactions on the LayerZero network through various mechanisms:
Transaction Fees:
Network participants are required to pay transaction fees in $ZRO tokens when utilizing the LayerZero network for transactions. This incentivizes participants to hold and use $ZRO tokens to access and engage with the n
LayerZero incentivizes network participants to utilize the $ZRO token for transactions on the LayerZero network through various mechanisms:
Transaction Fees:
Network participants are required to pay transaction fees in $ZRO tokens when utilizing the LayerZero network for transactions. This incentivizes participants to hold and use $ZRO tokens to access and engage with the n
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CRYPTO AND AI: BINANCE LAUNCHPOOL WELCOMES IO.NET
Binance Launchpool continues to surprise and attract the attention of investors by adding innovative projects to its portfolio. Indeed, the latest, IO.NET (IO), promises to revolutionize the artificial intelligence and cloud computing sector thanks to a decentralized platform.
With the launch of this project on Binance Launchpool, users have the opportunity to stake their tokens and earn attractive rewards. Explanations.
BINANCE LAUNCHPOOL: A SPRINGBOARD FOR INVESTORS
With the launch of this project on Binance Launchpool, users have the opportunity to stake their tokens and earn attractive rewards. Explanations.
BINANCE LAUNCHPOOL: A SPRINGBOARD FOR INVESTORS
$BTC $BNB
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CryptoPotato
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Bitcoin (BTC) Price Resurgence, Binance Coin (BNB) Hits a New ATH, and Meme Coins Fiesta: Bits Re...
TL;DR
Bitcoin surged to $71,700 amid record inflows into US spot Bitcoin ETFs.
BNB hit an all-time high of $710, surpassing major companies’ market caps, with forecasts suggesting it could reach $1,000.
Floki Inu’s market capitalization peaked at over $3.2 billion before a slight retracement.
BTC Headed North Again
The price of the primary cryptocurrency has been on an uptrend in the past few days, rising to as high as $71,700 on June 5. Currently, it hovers the $71,000 mark (per CoinGecko’s data), representing an 11% increase on a monthly scale.
The resurgence coincided with record figures related to spot Bitcoin ETFs in the USA. Those products witnessed a total inflow of almost $900 million yesterday, the second-best day since their approval in January.
Numerous analysts believe BTC could soar even higher in the near future, assuming certain factors are in place. The X user, Captain Faibik, predicted a rise above $90,000 should the asset surpass the “crucial resistance level” of $71,300.
On the other hand, Ali Martinez assumed that a pullback is not out of the cards based on the TD sequential, which presents a sell signal on the four-hour chart. This technical analysis tool identifies potential price exhaustion points in the market and indicates when a trend is likely to reverse.
Still, the X user thinks a fresh uptrend could eventually follow the potential setback.
BNB’s Success
The native token of Binance—BNB—has been making the headlines recently. Its price exploded to an ATH of $710 on June 5, while its market capitalization touched the $110 billion mark. Thus, BNB surpassed well-known companies such as Airbnb, Starbucks, UBS, and more.
The new peak was met with huge enthusiasm in the crypto community, with many industry participants envisioning a further rally.
The X users Bluntz and Sheldon The Sniper forecasted a surge toward the $1,000 milestone, while BATMAN revealed that BNB is part of their portfolio. The trader admitted hopping on the bandwagon in 2017 when a single token was worth a mere $0.60.
“Close to 1200x makes it one of my top performers, only being beaten by my RUNE call,” the analyst stated.
FLOKI’s Progress
Another cryptocurrency that recently reached a new peak price is the dog-themed meme coin – Floki Inu (FLOKI). Its market capitalization briefly exceeded the $3.2 billion mark for the first time ever, thus flipping popular altcoins, including Monero (XMR), Arbitrum (ARB), Cronos (CRO), and more.
In the following hours, though, FLOKI’s value slightly retraced, with its market cap plunging below $3 billion. Currently, the token is the 46th biggest cryptocurrency and the fifth-largest in its cohort.
The post Bitcoin (BTC) Price Resurgence, Binance Coin (BNB) Hits a New ATH, and Meme Coins Fiesta: Bits Recap June 6 appeared first on CryptoPotato.
Bitcoin surged to $71,700 amid record inflows into US spot Bitcoin ETFs.
BNB hit an all-time high of $710, surpassing major companies’ market caps, with forecasts suggesting it could reach $1,000.
Floki Inu’s market capitalization peaked at over $3.2 billion before a slight retracement.
BTC Headed North Again
The price of the primary cryptocurrency has been on an uptrend in the past few days, rising to as high as $71,700 on June 5. Currently, it hovers the $71,000 mark (per CoinGecko’s data), representing an 11% increase on a monthly scale.
The resurgence coincided with record figures related to spot Bitcoin ETFs in the USA. Those products witnessed a total inflow of almost $900 million yesterday, the second-best day since their approval in January.
Numerous analysts believe BTC could soar even higher in the near future, assuming certain factors are in place. The X user, Captain Faibik, predicted a rise above $90,000 should the asset surpass the “crucial resistance level” of $71,300.
On the other hand, Ali Martinez assumed that a pullback is not out of the cards based on the TD sequential, which presents a sell signal on the four-hour chart. This technical analysis tool identifies potential price exhaustion points in the market and indicates when a trend is likely to reverse.
Still, the X user thinks a fresh uptrend could eventually follow the potential setback.
BNB’s Success
The native token of Binance—BNB—has been making the headlines recently. Its price exploded to an ATH of $710 on June 5, while its market capitalization touched the $110 billion mark. Thus, BNB surpassed well-known companies such as Airbnb, Starbucks, UBS, and more.
The new peak was met with huge enthusiasm in the crypto community, with many industry participants envisioning a further rally.
The X users Bluntz and Sheldon The Sniper forecasted a surge toward the $1,000 milestone, while BATMAN revealed that BNB is part of their portfolio. The trader admitted hopping on the bandwagon in 2017 when a single token was worth a mere $0.60.
“Close to 1200x makes it one of my top performers, only being beaten by my RUNE call,” the analyst stated.
FLOKI’s Progress
Another cryptocurrency that recently reached a new peak price is the dog-themed meme coin – Floki Inu (FLOKI). Its market capitalization briefly exceeded the $3.2 billion mark for the first time ever, thus flipping popular altcoins, including Monero (XMR), Arbitrum (ARB), Cronos (CRO), and more.
In the following hours, though, FLOKI’s value slightly retraced, with its market cap plunging below $3 billion. Currently, the token is the 46th biggest cryptocurrency and the fifth-largest in its cohort.
The post Bitcoin (BTC) Price Resurgence, Binance Coin (BNB) Hits a New ATH, and Meme Coins Fiesta: Bits Recap June 6 appeared first on CryptoPotato.
RETURN OF EUPHORIA FOR THE CRYPTOCURRENCY MARKET
In the previous section, we discussed the feelings of short-term holders . Market sentiments are very important in a market as volatile as that of cryptocurrencies. For the craze to be present, and for new arrivals to be able to bring demand allowing BTC to rise , the price of the king of cryptocurrencies must reach new historic highs .
The Crypto Fear and Greed Index indicator allows you to understand the market sentiment of operators by analyzing metrics such as volatility, volume or even enth
The Crypto Fear and Greed Index indicator allows you to understand the market sentiment of operators by analyzing metrics such as volatility, volume or even enth
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BITCOIN COULD HIT $450,000 ACCORDING TO STOCK-TO-FLOW – ON-CHAIN ANALYSIS
After the break, BTC wakes up? The price of Bitcoin is back above $70,000, and is close to a new all-time high. After defending $67,000, buyers managed to bring BTC back to $71,000, helped by four straight weeks of capital inflows, according to CoinShares data.
In total, $2 billion was poured into cryptocurrencies in May. In The Market Check, we look at whether Bitcoin is still in an upward trend, and whether it is still possible to see a new wave of increase. Let’s analyze the Bitcoin situation using on-chain indicators!
In total, $2 billion was poured into cryptocurrencies in May. In The Market Check, we look at whether Bitcoin is still in an upward trend, and whether it is still possible to see a new wave of increase. Let’s analyze the Bitcoin situation using on-chain indicators!
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Crypto: SEC reportedly approves Ether ETFs to avoid legal standoff
Contrary to rumors suggesting a politically motivated decision by the SEC to approve spot Ether ETFs, Bernstein analysts believe the regulator instead acted to avoid a potential legal dispute. The move appears to provide a major boost to the crypto industry.
A decision based on legal rather than political considerations
Bernstein analysts Gautam Chhugani and Mahika Sapra question the theory of Democratic political maneuvering behind the SEC's approval of Ethereum ETFs ahead of the midterm elections.
A decision based on legal rather than political considerations
Bernstein analysts Gautam Chhugani and Mahika Sapra question the theory of Democratic political maneuvering behind the SEC's approval of Ethereum ETFs ahead of the midterm elections.
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ETHEREUM SPOT ETF: THE RACE FOR S-1 FORMS IS LAUNCHED BY THE SEC
ETF deadline. Ethereum spot ETFs were approved by the US SEC just a week ago. A new historic change for the cryptocurrency sector, the regulatory implications of which could be much greater than in the case of Bitcoin. At the same time, the managers of these ETH funds are organizing themselves in order to be able to list their financial products as quickly as possible. Even more so with a regulatory body which has just officially asked them to return their S-1 copies by this weekend. We take stock…
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Bitcoin: Hedge funds are betting on an imminent decline May, 2024 ▪
The world of cryptocurrencies is in constant motion, oscillating between dizzying highs and dizzying lows. Recently, analysis from Kaiko highlighted an interesting trend: hedge funds are taking net short positions in Bitcoin (BTC) and Ethereum (ETH) futures. This strategy reveals a cautious approach to uncertain market dynamics and highlights the complexity of speculative moves in the cryptocurrency derivatives sector.
Blast Blockchain Secures Sixth Spot In DeFi Network Rankings
The L2 network Blast has secured the sixth spot in DeFi networks, as per TVL (Total Value Locked). Blast overtook Base to run right behind Arbitrum.
HIGHLIGHTS
Blast L2 blockchain has recently secure the sixth spot in TVL within DeFi network rankings, per data by DeFiLlama.The L2 recently ruled out an upgrade to support blobs.A look into Blast's Web3 venture.In an unprecedented development witnessed within the Web3 landscape, Blast, an Ethereum Layer 2 (L2) blockchain, has recently taken the ma
HIGHLIGHTS
Blast L2 blockchain has recently secure the sixth spot in TVL within DeFi network rankings, per data by DeFiLlama.The L2 recently ruled out an upgrade to support blobs.A look into Blast's Web3 venture.In an unprecedented development witnessed within the Web3 landscape, Blast, an Ethereum Layer 2 (L2) blockchain, has recently taken the ma
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Lugano NFT Fest 2024: When Web3 meets culture!
The world of blockchain, cryptos and NFTs comes to life in Lugano this summer! On June 14 and 15, the Swiss city will host the sector’s unmissable event: the highly anticipated Lugano NFT Fest. On the program for this edition, two days of total immersion in the new territories of Web3
Lugano, new world capital of Web3!
A true crossroads of art and tech, this multidisciplinary festival aims to transform Lugano into the global epicenter of Web3 innovation and digital creativity. To do this, the organizers have put together a rich program combining high-level conferences, practical workshops, project demonstrations and first-rate networking sessions.
Lugano, new world capital of Web3!
A true crossroads of art and tech, this multidisciplinary festival aims to transform Lugano into the global epicenter of Web3 innovation and digital creativity. To do this, the organizers have put together a rich program combining high-level conferences, practical workshops, project demonstrations and first-rate networking sessions.
Is this possible or not?
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It's actually happening😱🫣
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