#NOT🔥🔥🔥 Notcoin's player base has reached 40 million people. The token reacted with growth

The team of the Web3 gaming project Notcoin, citing internal statistics, reported the growth of its user base to 40 million people.

According to the developers' calculations, players have already earned $1.5 million in TON through 20 campaigns. The team expects a tenfold increase in this figure after the automation of new missions, which third-party projects will be able to launch independently.

Also among the announcements:
-- level assignment for new players;
-- the ability to earn a percentage of the profits of invited friends;
-- access for Gold and Platinum users to top token launches.

Amid the announcement, Notcoin's price rose by 5%. According to CoinGecko, NOT is trading at $0.01826 at the time of writing. In two weeks, the increase amounted to 168.6%.

On June 2, Notcoin hit an all-time high of $0.021. Its market capitalization surpassed the $2.75 billion mark.

According to Dune, about 59,000 users own 795,000 NFT vouchers obtained in the premarket. Their capitalization is $324 million.

Recall, on May 16, NOT was listed on the largest cryptocurrency exchanges. At the end of the month, the project launched a new type of missions for passive token earning.

##bitcoin #ETFs Inflows into U.S. spot bitcoin ETFs fell to about $218 million

-- On June 6, the U.S. spot bitcoin-ETF sector recorded a net inflow of $217.78 million.
-- The positive trend has continued for 18 consecutive trading days.
-- Three funds saw inflows, three recorded outflows.

June 6, 2024 U.S. spot bitcoin-ETFs recorded $217.78 million in capital inflows, according to SoSo Value. Note that the positive trend in the U.S. bitcoin funds sector has been maintained for the 18th consecutive trading day.

According to the platform, only three products received capital inflows on June 6. The crypto fund IBIT from BlacRock added $350 million to its balance sheet. FBTC from Fidelity took the second place by the inflow of funds - $3 million. The third is the investment product of VanEck - $2 million.

The largest outflow was recorded by ARKB from Ark Invest and 21Shares - $97 million. $38 million was withdrawn from the convertible fund from Grayscale (GBTC).

Another five crypto funds did not record either inflows or outflows of capital. The same trend is observed in the bitcoin and Ethereum-ETF sector in Hong Kong.

Recall that on June 4, U.S. spot bitcoin-ETFs recorded the second largest capital inflow of all time.

#bitcoin #Ethereum #xrp Bitcoin, Ethereum, Ripple: summarize the results of the week

The BeInCrypto editorial team summarizes the results of the past week. We decided to take a look at the situation with the top cryptocurrencies, including bitcoin, and assess the prospects of the altcoin season

The crypto market behaves differently with different assets. Bitcoin (BTC) is performing well, while Ethereum (ETH) and Ripple (XRP) are still struggling. Meanwhile, the growth opportunities for altcoins will depend on bitcoin's momentum.

Altcoin season potential

Juan Pellicer, senior analyst at IntoTheBlock, argues that multiple signals point to an approaching altcoin season. He says that in previous market cycles, altcoin seasons often began with a steady downward trend of BTC dominance, indicating a shift in market sentiment in favor of altcoins. This trend is a useful precursor. However, analyzing advanced onchain metrics is necessary to identify potential winners for the next altcoin season,” Pellicer said.

"For example, the average time an asset is held by its holders can indicate its resilience. Assets that are held longer by investors can stage more sustained price rallies during bull markets. Onchain data related to whale behavior is also invaluable,” he added.

Market growth also depends on the overall demand for crypto assets. The recent rise is a testament to this demand. However, stability becomes the next important issue. Expanding on this theme, Julio Moreno, head of research at Cryptoquant, told BeInCrypto's editorial team:

"Stabilization and then a slight increase in bitcoin demand from regular holders and large holders (whales). This indicates an increase in demand this month compared to April. Permanent holders bought 74k BTC in the last 30 days, while whale demand increased by 5% m/m. We still need stronger demand growth among these investor categories for the price rally to be sustainable."

#BTC Bitcoin showed a slight decline amid the release of US unemployment data

— In May 2024, the unemployment rate in the United States rose to 4.0%.
—Against this background, the price of bitcoin showed a slight decline.

In May 2024, the unemployment rate in the United States rose to 4.0%, an increase of 0.1% compared to April. The total number of unemployed increased from 6.49 million to 6.6 million, this follows from the report of the Federal Bureau of Labor Statistics (BLS).

Bitcoin showed a slight decline after the release of this data. The price of the first cryptocurrency fell by about 1% in the last hour. At the moment, the rate of the asset fell to $70,620, but later the price recovered and is now around $71,400.

CoinDesk emphasized that after the BLS report, the chances of the US Federal Reserve lowering the interest rate increased. Before the release of the data, investors estimated the probability of such a move at about 55% during or before the September meeting.

Note that the Ethereum exchange rate also showed a minimal fall. In the moment, the price of the asset fell below the $3800 mark.

Recall, in April 2024, the unemployment rate in the United States rose to 3.9%. After the release of this data, bitcoin showed growth.

Bitcoin could rise to $83k in coming days, analyst says

-- 10x Research predicts a Rally to $83,000 based on technical analysis.
-- A bull breakout is likely to happen on Friday or next week.

According to 10x Research's technical analysis, Bitcoin (BTC) could rise to $83,000 as it completes a major bullish price pattern on the daily chart.

A price move above $72,000 would confirm a breakout of the inverted head-and-shoulders pattern characterized by three price lows, with the middle one of ONE being the deepest.

"It's only a matter of time before Bitcoin hits a new record high. The head-and-shoulders formation suggests a Rally to 83,000 soon, with the resistance line likely to be broken over the next few days. The ideal time for this resistance. breakout will occur either today, Friday, June 7, or next week, Wednesday, June 12,” said Markus Thielen, founder of 10x Research, in a note provided to CoinDesk.

According to technical analysis theory, an inverted head-and-shoulders pattern usually forms after a downtrend and reverses upward after a breakout. The pattern rarely appears in an uptrending market, signaling a bullish continuation.

A break above $72,000 depends on the U.S. non-farm payrolls data to be released on Friday at 12:30 UTC.

According to Bloomberg, economists generally estimate that the economy added 180,000 jobs in May, nearly matching the 175,000 gain in April. The unemployment rate is expected to remain at 3.9% in May. The median estimate of average hourly earnings is 0.3%, slightly above April's pace, leading to a 3.9% increase in 12-month wages for the second consecutive month.

Weak data could strengthen the case for a Fed rate cut, adding to the momentum in risk assets, including cryptocurrencies. Some investment banks already expect the central bank to move to resume liquidity easing through rate cuts in July.#BTC

#bitcoin
Bitcoin open interest grows, traders warned of trend change

The open interest metric for bitcoin has increased by $2 billion in 3 days. Traders are being warned of a possible sharp trend change.

Open interest - OI - for bitcoin has increased by $2 billion in 3 days. As of June 6, the OI is $37 billion, according to CoinGlass. And that has observers worried.

Open interest is the total number of contracts (for example, futures and options) that are outstanding. Their large volume has the potential to increase volatility, as traders hold multiple positions each and can suddenly change their strategy.

At the time of writing, bitcoin is in a positive trend and its exchange rate has reached $71,000. But BitLab Academy believes that the high OI and premium for traders could lead to a sudden change in trends.

Anonymous trader Jelle admits that almost $2 billion worth of long positions will be “wiped out” and the BTC rate will roll back to $68,000.

The growth of BTC is also attributed to the inflow of capital into ETFs. According to data on U.S. spot Bitcoin ETFs for June 3, $886 million has flowed into the instruments. This is the second best result since the launch of the ETF.

Bitcoin-based meme coin DOG has reached $1 billion in market capitalization

-- DOG's market capitalization is approaching $1 billion after rising 200% over the past month.
-- It is the largest meme coin on the Bitcoin blockchain and the seventh largest overall.
-- Rally comes after a 60% drop after its launch and Bitcoin's rate halving in April.

The market capitalization of the Bitcoin Runes meme coin is approaching $1 billion after rising 200% in the past 30 days.

The token aptly named DOG-GO-TO-TO-THE-MOON (DOG) appeared on April 20 during the Bitcoin halving event . It became “RUNE number 3” and has since become the largest meme coin in Bitcoin and the seventh largest meme coin on Crypto . The largest of these, Dogecoin (DOGE), has a market capitalization of $23 billion.

DOG's growth comes amid a flurry of meme coin activity, with coins such as SHIB, PEPE and FLOKI increasing their market capitalization by billions of dollars since the beginning of the year.

While most other meme coins are issued on ultra-fast blockchains like Solana and Base, DOG is helping turn Runes into a legitimate Bitcoin -2 network despite the cumbersome nature of the Bitcoin blockchain .

Runes is essentially a way to make transactions cheaper and faster than the Ordinals protocol, which embeds data into the Bitcoin blockchain , embedding information into small Bitcoin-based transactions.

DOG trading volume in the past 24 hours has totaled nearly $100 million as traders have begun betting on whether a Bitcoin-based meme coin can emulate the success of existing equivalents on other blockchains.

It's worth noting that meme coins are a highly volatile asset, as their ebb and Flow depends on social media narratives rather than the underlying use case. After launch, DOG stock fell more than 60% in three weeks before the recent Rally.
#dog

Bitcoin trader activity has fallen to its lowest level since October 2023

Bitcoin (BTC) volatility has been weakening since mid-May. The rise to $69,000 has not led to an increase in network activity, reports Santiment.

Spot trading volume is at its lowest level since October 2023.

The average daily amount of transactions last week fell to $14 billion. The last time a similar situation was observed was last fall, when BTC traded below $30,000, analysts stressed.

Traders prefer wait-and-see tactics and refuse to make new deals on major exchanges. In seven days, only 722,000 bitcoins moved across the network.

Nevertheless, BTC rose by about 11% in May. According to the CoinGlass platform, the leading digital currency showed last month the most serious leap in the last five years.

Bitcoin's stabilization at $69,000 was the result of an improvement in its fundamental position. The cryptocurrency's support zone is now between $66,900 and $68,900, analysts at IntoTheBlock noted.

Last week, capital inflows to the spot bitcoin-ETF market slowed down. Weakening activity of institutional investors was another factor that narrowed the range of price fluctuations of the cryptocurrency.#BTC

#kas #mana #xmr
3 little-known altcoins that could rise in June

Bitcoin (BTC) and many popular altcoins have seen impressive gains in recent weeks.

However, some lesser-known coins have also formed bullish patterns that will potentially open the door to significant gains. BeInCrypto's editorial team analyzed 3 altcoins that could pleasantly surprise investors in June.

Monero (XMR) is aiming to cross a key moving average

Monero (XMR) is near the 50-day exponential moving average (EMA), hinting at a possible breakout attempt.

The moving average convergence-divergence indicator (MACD) is confirming the strengthening of the buying activity: the MACD line (blue) recently crossed above the signal line (orange).

If this momentum continues, the altcoin price could rise above the important resistance level of $152.25. However, a change in market sentiment to bearish would send the token to support at $110.

Kaspa (KAS) sees an increase in liquidity

The Kaspa (KAS) market is witnessing a steady inflow of capital. This is evidenced by the growing Chaikin Cash Flow (CMF), which measures buying and selling pressure.

At the time of writing, the KAS Cash Flow Index (MFI) stands at 68.37, confirming the increasing buying activity. If the trend continues, the altcoin's price could rise to $0.144. A drop in demand, in turn, will trigger a correction to $0.12.

Decentraland (MANA) bulls gather strength

Decentraland (MANA) is trading near the upper boundary of the horizontal channel, within which it is located since April 8. Directional Movement Index (DMI) readings indicate that buying is on the rise, with the positive index (green) outnumbering the negative index (red).

If the bulls continue to dominate, they could push the MANA price towards $0.47. However, if the bears seize control, the altcoin risks falling to $0.41.

#bitcoin
Texas senator has purchased several ASICs for bitcoin mining

-- Texas Senator Ted Cruz has invested in the purchase of mining equipment.
-- He has publicly announced the purchase of three ASIC devices.
-- Cruz's purchase drew a positive reaction from the crypto community.

American politician, Senator from the state of Texas Ted Cruz purchased three ASIC devices for bitcoin mining. He wrote about it on his X page (formerly Twitter):

“I am proud to join the ranks of Texas bitcoin miners. Today my three ASICs started working,” reported Ted Cruz.

CEO of mining company Marathon Digital Fred Thiel commented on Cruz's purchase. He thanked the senator for “helping to secure the bitcoin network” and invited him to the Mining Disrupt conference in Miami.

In turn, Coinbase's CPO Faryar Shirzad said that Ted Cruz's investment is an investment in the future of the US financial system.

In the spring of 2023, the Texas senator admitted that he owns about 2 BTC and regularly buys bitcoin on Mondays. He described himself as a long-term investor who is not afraid of the volatility of the crypto market.

Another U.S. politician, presidential candidate Robert Kennedy Jr. reported purchasing 21 BTC since the start of his election campaign.

#ETHETFsApproved
Media: spot Ethereum-ETF issuers have until May 31 to submit corrected filings

-- Media reports that the SEC has reached out to issuers of spot Ethereum-ETFs.
-- The SRegulator has asked those counterparties whose Form 19b-4 filings were previously approved to file amended S-1s.
-- SRegulators have until May 31 inclusive to do so.

The US Securities and Exchange Commission (SEC) has asked issuers of spot Ethereum-ETFs to file amended S-1 filings up to and including May 31, 2024. This was reported by The Block, citing its sources.

After that, as one of the publication's interlocutors noted, it is likely that the Commission will check the papers and leave new comments. At this stage, issuers are required to make minimal edits, The Block emphasized.

Moreover, two companies have already filed new Form S-1 filings. They are VanEck and BlackRock.

The publication's interlocutors noted that several rounds of such edits will be required before final approval of the products. This could take several weeks to months.

In a comment regarding the corrected S-1 application from BlackRock, Bloomberg Intelligence expert Eric Balchunas noted that trading on spot Ethereum-ETFs may start in early July 2024.

Recall, the issuers of these exchange-traded funds received partial approval from the Commission on May 23, 2024. The regulator approved the Form 19b-4 (rule change) filings of eight counterparties.

Ethereum (ETH) has not reacted to this news in any way. All this week, from May 27 to May 31, 2024, the asset trades with a slight minus, which can be explained by the previous jump on the background of the SEC's decision

#sol
Solana (SOL): where the potential bearish threat lies

The Solana (SOL) price is undergoing a short-term correction, which caused the altcoin to lose the chance to reach the $200 mark

Despite the correction, there is a possibility that Solana (SOL) price will start rising again as the market is giving mixed signals.

Solana is set to move sideways

The price of the Solana project token fell to $166 at the time of writing, dropping below the critical $169 mark. This has reinforced the bearish bias, as seen in the moving average convergence-divergence indicator (MACD).

MACD is a momentum indicator that compares the dynamics of the 12-day and 26-day exponential moving averages (EMA). The index consists of two lines, the MACD line and the signal line. When the short-term moving average goes below the long-term moving average, it is considered a sell signal. Solana formed the first bearish crossover in almost four weeks, which is not a good sign for the price.

Additionally, the altcoin has a very high correlation (0.93) with bitcoin. This can be both an advantage and a disadvantage for SOL. The BTC rally plays into Solana's hands. However, if BTC falls, SOL could also be at risk. Currently, the latter option seems more likely. This is because bitcoin recently lost critical support at $68,500 and could continue to fall.

#ton
What's keeping Toncoin (TON) from reaching an all-time high

Toncoin (TON) has become one of the few altcoins to show a bullish trend in the current market conditions.

Investor optimism could push TON to a new all-time high in the coming weeks.

Investors remain confident in Toncoin

Toncoin is trying to break above the key resistance level. This time, the breakout could be successful as investors are showing bullish sentiment, preferring to hold assets rather than take profits.

Proof of this is the metric of active deposits on the exchanges. Its rise signals a potential sell-off, favoring a bearish outcome.

The chart below shows that TON's active deposits have hit a two-month low. This means that holders are expecting growth.

In addition, the number of concentrated medium-term coin holders has increased by 7% over the past few days. This increased their share to 50% of the supply, which amounts to 5.2 million TON worth $33.8 million. If the trend proves to be sustainable, another rally may await the price of the asset.

#wif
What will help Dogwifhat (WIF) break through resistance levels

The price of Dogwifhat (WIF) has doubled in the last seven days and is up 22% in the last week. We break down what will help the coin continue its rise

The analysis of Dogwifhat (WIF) memcoin on the 3-day chart shows that the price has been moving within a horizontal channel since April 12. Resistance is located at $3.64, while support is at $2.32.

Traders remain optimistic

The Open Interest Indicator (OI) for WIF futures rose significantly over the past week. At the time of publication, it stood at $434 million, up 38% over the past seven days.

This onchain metric reflects the total number of currently outstanding contracts for various derivatives such as options and futures. Its rise indicates an increase in the number of market participants entering new positions.

A positive funding rate also confirms optimism. This mechanism provides a balance between long and short positions in the market for open-ended futures contracts. Positive values indicate the dominance of long contracts and mean that the contract price is higher than the spot price. This means that more traders buy the coin with the expectation of selling it at a higher price. In the case of WIF, the funding rate was 0.007% at the time of writing.

Taken together, these two metrics indicate that participation in the futures market for the coin is increasing, with positive sentiment prevailing. Traders are optimistic about the asset's prospects, leading to an increase in the number of long positions.

#bitcoin
Jack Mallers: "Bitcoin will be worth $1 million already in this bull cycle"

The CEO of payment service Strike predicts that bitcoin could reach $250,000 and even rise in value to $1 million already during the cryptocurrency market's ongoing bull rally right now.

Jack Mallers, on a podcast with Pomp Investments founder Anthony Pompliano, explained his bold prediction with an argument: bitcoin is still in its early stages of development. Right now, the bond market is facing problems, so central banks can inject a significant amount of liquidity into the financial system to stabilize it. This influx of liquidity will trigger the growth of assets, including bitcoin, the businessman believes.

Many financial experts call bitcoin a bubble or an asset for speculation, but Jack Mallers disagrees: bitcoin is becoming more and more popular for Wall Street financial giants who are changing their attitude towards cryptocurrencies for the better. The Strike executive believes that bitcoin's limited supply of 21 million coins makes BTC as inflation-resistant as possible, unlike government currencies and gold.

"Bitcoin can be called the hardest form of money - due to the fixed schedule of coins appearing and halving every four years. The rate at which new coins are issued is gradually decreasing, while increasing the long-term value of bitcoin," emphasized Strike's CEO.

Lightning Network, a second-tier solution created for instant and cheap transactions based on Bitcoin blockchain, is able to further increase the demand for the first cryptocurrency. After all, the businessman is convinced, bitcoin can be used for everyday purchases, such as buying coffee.

#FLOKI🔥
Floki Inu specialists presented an automated trading system

The creators of the popular token Floki Inu have presented a new tool that makes it possible to automatically trade assets in the Binance Smart Chain network. A special bot will work in the messenger Telegram. Initially, it will be available to a limited number of users during the beta testing phase. Specialists reported that the new trading tool will be available to everyone as early as mid-June.

In the future, the automated trading system will also cover Ethereum and Base blockchains. Developers believe that this step will contribute to the growth of the target audience of Floki Inu. The fact is that users will need to have some amount of FLOKI tokens on their balance to conduct transactions.

The automated system will charge a 1% commission on each transaction. It is noteworthy that trading bots in Telegram are not uncommon. They started gaining popularity since 2023, when the Unibot system appeared. This tool allows investors to quickly conduct exchange transactions with different cryptocurrencies.

The attractiveness of such products is primarily due to their ease of use. This is especially important for those who are taking their first steps in exploring the cryptocurrency segment. Telegram trading bots are very popular and in this aspect they bypass decentralized trading platforms. The fact is that it is quite difficult to work with DEX exchanges.

It will be quite difficult for a novice investor to understand their functionality. Also, decentralized services are characterized by high commissions. And to interact with them, you need to connect your wallet, which raises certain questions in the context of security.

Michael Saylor: approval of spot Ethereum-ETFs will benefit bitcoin

-- The co-founder of MicroStrategy has spoken out on the approval of Ethereum-based crypto-ETFs.
-- This asset class will benefit the first cryptocurrency, Sailor believes.
-- The entrepreneur believes that spot Ethereum-ETFs create another "line of defense" for bitcoin.

Michael Saylor, co-founder of technology giant MicroStrategy, has spoken out about the US Securities and Exchange Commission's (SEC) approval of spot Ethereum-ETFs. The businessman believes that they will benefit bitcoin.

According to Saylor, the approval of any digital asset by regulators has a positive impact on the industry as a whole. This is progress that strengthens the entire crypto industry, the entrepreneur believes.

"Yes, I think it's good for bitcoin. Moreover, I think it can benefit it in a tangible way because politically we are much stronger with the support of the whole industry," Michael Saylor said.
#ethf

#Uniswap’s
Uniswap fund reveals assets amid polls

The Uniswap Foundation announced that the vote on the proposal for a new commission collection mechanism will take place by May 31.

The announcement caused the platform's native token UNI to rise more than 20%.

Uniswap's new commission mechanism
The Uniswap Foundation described an important step toward implementing autonomous commission collection and distribution in Uniswap V3 pools.

"If the proposal passes, ownership of the UniswapV3Factory core network will be transferred to a new V3FactoryOwner instance. This vote will not include a commission; this will be fulfilled in a future proposal," the Foundation explained.

In February, the Uniswap Foundation proposed a commission reward mechanism for UNI token holders to incentivize participation in governance. Initial feedback has shown strong support for the proposal, despite potential legal challenges from the US Securities and Exchange Commission (SEC) over the protocol.

Traditionally, all commissions collected by Uniswap have gone to liquidity providers (LPs). The new proposal plans to distribute protocol commissions to UNI holders who add tokens to the staking.

According to CryptoFees, Uniswap has earned approximately $3.2 million in commissions in the past 24 hours, averaging $3.4 million over the past week. The protocol handles approximately 30% of all transactions in the decentralized finance sector.

#BTC☀️
Bitcoin is predicted to see a sharp price spike in the current market cycle

According to the analyst, the price of bitcoin in a bullish scenario could range from $80000 and up to $100000. His forecast is based on the open interest in open-ended bitcoin futures on the Binance cryptocurrency exchange. According to the expert, open interest has now reached the 78,000 BTC mark, which is well above the base level of 64,000 BTC.

"CrediBull Crypto" believes that the current open interest is in the danger zone, as the difference of 14,000 BTC shows increased market activity, and it portends a sharp volatility in the value of the first cryptocurrency.

Given this data, the expert predicted that a decline in the value of bitcoin below the $60,000 level is unlikely, so it is worth considering an ultra-fast scenario, in the realization of which the bitcoin rate will rise sharply to new historical highs in the very near future.

How accurate will the next prediction of a sharp rise in bitcoin's value turn out to be? As with any forecast, it only indicates the probability, and for now, bitcoin can't get above $69,000.

#LUNA🔥🔥🔥
Montenegro court suspends extradition of Terraform Labs co-founder Do Kwon

Lawyers for Terraform Labs co-founder Do Kwon have appealed the decision of the High Court of Podgorica, which opened the procedural possibility of extraditing the businessman to the United States or South Korea.

The extradition case of Do Kwon (Do Kwon) returned to the original court for a new review, Bloomberg reports, citing unnamed sources close to the proceedings. The reason for the decision was the protest of lawyers, who noticed new procedural errors, not taken into account in the decision of the High Court of Podgorica.

Meanwhile, the Ministry of Justice of Montenegro and its head Andrzej Milovic insist on the transfer of Kwon to the U.S. law enforcement agencies. The judicial authorities ruled that the businessman should be extradited to his home country, South Korea.

Throughout the protracted legal battle, officials from the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC) have repeatedly insisted that Do Kwon be handed over and extradited to the United States. The day before, the Montenegrin DOJ and the SEC delegation, led by Director of Investigations Gurbir Grewal, met in Podgorica to discuss their next steps.