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🔥🔥🔥 Huawei Cloud Joins #cardano Ecosystem To Scale #Web3 Solution in Asia, Africa The Cardano ecosystem has recently welcomed Huawei Cloud, a prominent global cloud computing firm, to enhance the accessibility of the Cardano network. EMURGO, Cardano's #Blockchain partner, has officially announced a collaboration with Huawei Cloud to promote Web3 solutions through Cardano. This partnership, disclosed in a press statement on April 11, aims to facilitate the adoption of Cardano-based Web3 solutions across Asia and Africa. Additionally, the alliance involves the establishment of a Cardano Validator Node on the Huawei Cloud platform. Huawei Cloud, the flagship cloud service brand of the tech giant Huawei, is recognized as one of the leading cloud computing providers worldwide. Under this collaboration, EMURGO will deploy a Cardano Validator Node on Huawei Cloud, integrating Huawei's cloud infrastructure into the Cardano public blockchain ecosystem. This integration will enable Cardano developers to leverage Huawei Cloud's extensive computing resources for building Web3 solutions. Furthermore, Cardano will gain access to Huawei's Marketplace, a widely utilized platform by major enterprises. The partnership aims to enhance the interoperability and scalability of Cardano's cloud services. This milestone signifies the beginning of a broader collaboration between EMURGO and Huawei, aligned with EMURGO's objective to expand the Cardano ecosystem across significant regional economies in Asia Pacific and Africa. Ken Kodama, CEO of EMURGO, and Rex Lei Yang, Managing Director of Huawei Cloud Singapore, are excited about their partnership, which aims to accelerate Web3 adoption and enhance transparency in the cloud ecosystem. EMURGO, a founding member of the Cardano protocol, plays a key role in expanding Cardano's commercial reach through strategic partnerships, education, and infrastructure development. Source - thecryptobasic.com #CryptoNews🔒📰🚫 #BinanceSquareTalks

🔥🔥🔥 Huawei Cloud Joins #cardano Ecosystem To Scale #Web3 Solution in Asia, Africa

The Cardano ecosystem has recently welcomed Huawei Cloud, a prominent global cloud computing firm, to enhance the accessibility of the Cardano network.

EMURGO, Cardano's #Blockchain partner, has officially announced a collaboration with Huawei Cloud to promote Web3 solutions through Cardano. This partnership, disclosed in a press statement on April 11, aims to facilitate the adoption of Cardano-based Web3 solutions across Asia and Africa. Additionally, the alliance involves the establishment of a Cardano Validator Node on the Huawei Cloud platform.

Huawei Cloud, the flagship cloud service brand of the tech giant Huawei, is recognized as one of the leading cloud computing providers worldwide.

Under this collaboration, EMURGO will deploy a Cardano Validator Node on Huawei Cloud, integrating Huawei's cloud infrastructure into the Cardano public blockchain ecosystem.

This integration will enable Cardano developers to leverage Huawei Cloud's extensive computing resources for building Web3 solutions. Furthermore, Cardano will gain access to Huawei's Marketplace, a widely utilized platform by major enterprises. The partnership aims to enhance the interoperability and scalability of Cardano's cloud services.

This milestone signifies the beginning of a broader collaboration between EMURGO and Huawei, aligned with EMURGO's objective to expand the Cardano ecosystem across significant regional economies in Asia Pacific and Africa.

Ken Kodama, CEO of EMURGO, and Rex Lei Yang, Managing Director of Huawei Cloud Singapore, are excited about their partnership, which aims to accelerate Web3 adoption and enhance transparency in the cloud ecosystem. EMURGO, a founding member of the Cardano protocol, plays a key role in expanding Cardano's commercial reach through strategic partnerships, education, and infrastructure development.

Source - thecryptobasic.com

#CryptoNews🔒📰🚫 #BinanceSquareTalks

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👉👉👉 #Telegram Founder Pavel Durov Says He’ll Hold $7 Million Notcoin Gift Until 100x Ahead of Thursday’s NOT token launch, players of the viral Telegram-based clicker game, Notcoin, exhibited generosity by donating a portion of their in-game coins to Telegram founder Pavel Durov. Now, this collective donation has translated into millions of dollars, and Durov intends to hold onto it, anticipating a potential 100x gain. In February, more than 552,000 #Notcoin players participated in the effort orchestrated by the Notcoin team, dubbed Open Builders, to express gratitude to Durov for his role in creating the messaging app housing the crypto game. Ultimately, Durov received over 1.03 billion NOT tokens, equivalent to slightly over 1% of the total Notcoin supply on The Open Network (TON). At the time of writing, this haul is valued at approximately $7.3 million, although it was slightly lower at $6.8 million when Durov shared the news earlier on Friday. With an estimated $15.5 billion fortune, Durov finds the monetary gain inconsequential and has no plans to sell. However, if the NOT token surges in value, he may sell to support Telegram further. Expressing his gratitude on Telegram, Durov remarked, “Half a million Notcoin users gifted me $6.8 million worth of Notcoin! Thank you. I will hold these coins until they turn to $680 million, at which point I will use them to buy more servers for Telegram.” Notcoin launched with a market cap of nearly $1.5 billion, making it the most significant gaming token debut of the year. However, it has since dropped by 50% to just above $0.007, according to CoinMarketCap. Despite being ranked 101st by market cap at $746 million, NOTcoin generated over $1 billion in trading volume within its first 24 hours post-launch. The coin is poised for a relaunch of its coin-tapping, crypto-earning game and aims to become the "Netflix of social, viral games," according to co-creator Sasha Plotvinov's interview with Decrypt's GG in April. Source - decrypt.co #CryptoNews🔒📰🚫
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💥💥💥 #Solana⁩ #Memecoins🤑🤑 $WIF and $BOME Eyes Slump Amid Market Gains The #cryptocurrency market is witnessing dynamic price movements, with Bitcoin (BTC) maintaining stability above $66,000 while Solana-based memecoins like WIF and BOME experience declines. WIF Token Price Movement - WIF token's market value dropped by 4.13% in 24 hours to $2,838,673,268, with trading volume down by 43.34% to $551,782,383. - On the 4-hour chart, WIF lost over 24% since bearish sentiment began, currently trading at $2.748 support level. - Potential rally if support holds, challenging 61.8% Fibonacci retracement level at $3.47. Failure may lead to deeper retractions toward May lows. BOME Token Price Movement - BOME token's trading volume decreased by 46.99% in 24 hours to $461,268,359, signaling declining investor interest. - Technical analysis shows BOME near the 50% Fibonacci retracement level on the 4-hour chart. - Breach below could lead to further declines, targeting support at 38.2% Fibonacci level and possibly as low as $0.00828. Conversely, overcoming resistance may rally toward $0.01865. Analytical Insights - Moving Average Convergence Divergence (MACD) indicates weakening bullish momentum for both WIF and BOME. - MACD line nearing crossover with signal line, potentially signaling a short-term market correction. - MACD histogram showing contracting green bars near zero line, suggesting diminishing buying pressure and rising potential for a bearish crossover. Source - coinedition.com #CryptoTrends2024 #BinanceSquareTalks
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#XRP Really Needs That Breakout, #Ethereum (ETH) Is Hiding Something, Nothing Stops #bitcoin (BTC) Before $71,000 Bitcoin is on a steady rise, with recent price action suggesting it could reach $71,000. BTC has broken through key resistance levels, indicating strong bullish momentum. Bitcoin Analysis - Consolidation and Breakthrough: Initially faced consolidation around $63,000, then surpassed the 50-day EMA at $65,000. - Support and Resistance: Trading above the 50, 100, and 200 EMAs, with strong support at the 100 EMA ($62,000) and 200 EMA ($60,000). - Next Targets: Major resistance at $70,000. If broken, the path to $71,000 becomes clearer. Volume and RSI: Increasing buying volume supports the bullish outlook. RSI above 60 indicates bullish territory without being overbought. Ethereum Analysis - Recent Breakthrough: ETH broke above $3,000, indicating a potential bullish shift. - Resistance Levels: Faces critical resistance at the 100 EMA ($3,060) and the 50 EMA ($3,180). - Support Levels: If it falls below $3,000, it could retrace to $2,800, supported by the 200 EMA. A break below $2,800 could lead to a drop to $2,500 or lower. - Volume and Trend: Mixed volume signals; further confirmation needed for a sustained uptrend. XRP Analysis - Testing Resistance: XRP is consolidating near $0.52, testing the lower border of a previously invalidated descending triangle and the 26 EMA. - Potential Breakout: A breakout above $0.52 could push XRP to $0.60 and beyond. Failure to break through could see it retrace to $0.50 or lower. - Volume and RSI: Lack of significant buying power; a surge in volume is needed for a successful breakout. RSI is neutral, indicating room for movement in either direction. An RSI rise above 60 could support a bullish breakout. In summary, Bitcoin shows strong bullish momentum with potential to reach $71,000. Ethereum needs to surpass critical resistance levels to sustain its uptrend, while XRP must break through current resistance to initiate a bullish run. Source - u.today
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🔥🔥🔥 #tether mints another $1B — Last time, it helped Bitcoin climb to $73K Bitcoin has transformed its former resistance into support as Tether’s USDT market cap grows rapidly in 2024. Tether (USDT), the world’s largest #stablecoin , has minted another $1 billion, pushing its market capitalization above $110 billion. This surge could potentially drive Bitcoin's ($BTC ) price to new all-time highs. The Tether treasury minted $1 billion worth of USDT in the last 24 hours, raising its yearly total to $31 billion. This increase in USDT was a major factor in Bitcoin’s climb from $27,000 to $73,000, as reported by Lookonchain on May 17. Tether's impact on Bitcoin extends further. The company plans to invest 15% of its net profits into Bitcoin to diversify its asset backing. On March 31, Tether acquired 8,888 BTC worth $618 million, becoming the seventh-largest Bitcoin holder, according to Bitinfocharts. Currently, Tether holds over 78,317 BTC, valued at over $5.18 billion, a year after announcing its diversification plan. Bitcoin's price movement is still influenced by institutional inflows into spot Bitcoin exchange-traded funds (#ETFs ). U.S. Bitcoin ETFs have seen two consecutive weeks of net positive inflows, accumulating over $200 million, as per Dune. Institutional investments through ETFs have significantly contributed to Bitcoin’s recent rally to new highs. By February 15, Bitcoin ETFs accounted for about 75% of new investments in Bitcoin as it surpassed the $50,000 mark. On May 16, Bitcoin confirmed a breakout on the daily chart, establishing $65,000 as strong support, according to TradingView. Crypto analyst Rekt Capital also noted that Bitcoin has turned its previous resistance into support on the monthly chart. Bitcoin may temporarily drop below $63,500 before rising to $70,000, according to ScorehoodAI. This correction could liquidate over $1.76 billion in leveraged long positions, with a drop below $63,000 potentially increasing liquidations to $1.87 billion, based on Coinglass data. Source - cointelegraph.com #BinanceSquareBTC
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🔥🔥🔥 Trader Who Realized $8.2M from #shibaInu is Now Buying this Coin A savvy investor who previously secured over $8 million in returns from Shiba Inu ($SHIB ) has now shifted focus to another high-performing asset amid the recent market frenzy. Transition to Wrapped Bitcoin (WBTC) - Crypto surveillance platform Spot on Chain recently highlighted the activities of a trader who made $8.24 million from SHIB. According to their report, this investor has now accumulated Wrapped Bitcoin (WBTC), having sold off SHIB just over a month ago with a 106% return. How the Trader Made $8.24M from Shiba Inu - The trader's venture into Shiba Inu occurred between March 1 and 31, during which they acquired 533.6 billion SHIB tokens across 11 addresses. This investment cost $7.75 million, with an average purchase price of $0.00001453 per SHIB. - The trader entered the SHIB market during an aggressive uptrend that began four days earlier. Shortly after the acquisition, SHIB surged past the $0.00002 mark, reaching levels not seen in three years. - By the fifth day, SHIB hit $0.00004534, valuing the trader's holdings at $24,166,220. Despite the significant gain, the trader did not immediately cash out. Instead, they held the position as SHIB's price fluctuated, averaging above $0.00003 throughout March. - After 30 days without significant gains, the trader sold their 533.6 billion SHIB tokens for about $16 million in DAI, making a profit of $8.24 million. The average liquidation price was $0.00003 per SHIB, yielding a return of over 106%. Now Buying $WBTC - In the last 24 hours, the crypto market has seen Bitcoin reclaim the $66,000 price level, influencing altcoins like Shiba Inu. However, the trader chose to explore new opportunities instead of reinvesting in SHIB. - The investor committed $16.22 million to acquire #WBTC at an average price of $64,449 per token. Spot on Chain noted that this wallet has already registered a profit of $380,000 in the last few hours amid Bitcoin’s surge. Source - thecryptobasic.com #CryptoTrends2024 #BinanceSquareTalks
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