Hours before the Bitcoin halving, let's recall former Binance CEO CZ's views and predictions about the halving.
Former Binance CEO CZ;
"What happens in Bitcoin Halving? I can't predict the future. This is my experience based on the last 3 halvings.
1. A few months before the Bitcoin halving (from now on), there will be more and more talk, news, worries, expectations, hype, hopes, etc.
2. The day after the halving, Bitcoin price will not double overnight. And people will ask why not.
3. The year after the halving, the Bitcoin price will hit multiple ATHs (all-time highs). And people ask why. People have short memories. I'm not saying there is a proven causality. And history doesn't predict the future.
Political Finance (PolitiFi), one of the new trends taking shape around Joe Biden and Donald Trump, became active after Hunter Biden was found guilty. According to CoinGecko, the market value of memecoins in the Political Finance category has fallen by over 13 percent in the last 24 hours. During this period, Bitcoin (#BTC ) lost approximately 4 percent in value, while Ether (#ETH ) decreased by 5.4 percent.
Hunter Biden found guilty, memecoin bearing his name soars With the guilty verdict announced on June 12, Solana-based Hunter Boden (HUNTERBODEN) gained attention, rising more than 30 percent in the last 24 hours to $0.001514. Jeo Boden (BODEN), one of the most popular mecoins of 2024, dropped by 5.5 percent to $ 0.1855.
The Joe Biden-Donald Trump conflict, which has become increasingly heated as the US elections approach, has been especially good for the memecoin trend. Developments regarding political figures that bring a new breath to the Memecoin category can easily mobilize memecoins in this field. But memecoin hunters should be careful in this process. Volatility may increase in memecoins due to both the course of the market and its nature.
Before the price crash on June 7, Bitcoin's volatility over the previous 15 days was in the "bottom 6% of events."
Bitcoin's price moved so little in the 15 days leading up to the sharp drop on June 7 that it approached historic lows seen in every 15-day period in Bitcoin history. According to Swan Bitcoin chief investment officer Rapha Zagury, the period from May 24 to June 7 was among the ālowest 6%ā in terms of volatility.
"The horizontal blue line is the latest 15-day rolling volatility number, which is 23%. It definitely looks close to the bottom," Zagury explained in a post published on X on June 7. "Bitcoin was stuck in a range."
Huge XRP Transfer from Ripple: Where Did 150 Million XRP Go?
Ripple carried out a large-scale transfer of millions of XRP tokens to an unknown address today. According to Whale Alert, 150 million XRP was moved from Ripple's address "rBg2F" to the address "rP4X2", whose owner remains a mystery.
Customers of the Russian cryptocurrency exchange Beribit, who were unable to withdraw their money, raided the office of the exchange. The management gave chocolates to users who could not get their money.
Following the events, lawmakers from Russia's lower house, the State Duma, introduced a bill that would ban cryptocurrency exchanges in the country, although government-registered crypto transactions and mining firms would still be allowed, according to The block. The bill also bans cryptocurrency advertising. -TheBlock