LIVEFuture Crypto Feed
@FutureCryptoFeed
Sharing the latest insights on cryptocurrency trends and market movements. Stay updated with timely news on the rise and fall of your favorite coins.
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Twitter founder and Bitcoin advocate Jack Dorsey believes BTC has the potential to replace the US Dollar. Speaking in Tuscany, Italy, Dorsey discussed Bitcoin’s revolutionary potential and predicted it might hit💹$1 million by 2030. He emphasized Bitcoin's capability to offer more control and value, positioning it as a future global currency. $BTC
#Bitcoin❗ #BitcoinPrediction #CryptoPredctions #BinanceTournament #TwitterX
#Bitcoin❗ #BitcoinPrediction #CryptoPredctions #BinanceTournament #TwitterX
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🔥Analyst Predicts Massive Surge for WIF! 🚀
In the crypto spotlight, dogwifhat (WIF) is catching eyes again. Analyst Bluntz forecasts a major price jump for WIF, powered by Solana's momentum. Using Elliott Wave theory, Bluntz suggests WIF could soar to $11 by November, a whopping 386% rise from its current $2.17. Is WIF set to be the next big meme coin?
I would advise a cautious approach when investing in $WIF Always do your own research and consider the risks involved before making any investment decisions.
#wifhatdog #ANALYSIS #CryptoNewss #Insights
In the crypto spotlight, dogwifhat (WIF) is catching eyes again. Analyst Bluntz forecasts a major price jump for WIF, powered by Solana's momentum. Using Elliott Wave theory, Bluntz suggests WIF could soar to $11 by November, a whopping 386% rise from its current $2.17. Is WIF set to be the next big meme coin?
I would advise a cautious approach when investing in $WIF Always do your own research and consider the risks involved before making any investment decisions.
#wifhatdog #ANALYSIS #CryptoNewss #Insights
Binance Market Update (2024-07-04)
The global cryptocurrency market cap has reached $2.32T, a 2.10% increase over the last day, as reported by CoinMarketCap.
Bitcoin (BTC):
Current Price: $57,537 (-5.10%)24-Hour Range: $56,952 - $60,740
Top stories of the day:
Bitcoin Price Loses Its 200-Day Trendline for First Time in 10 Months: ArticleFederal Reserve Officials Express Concern Over Inflation and Employment Market: ArticleBitcoin And S&P 500 Correlation Drops, Indicating Market Divergence: ArticleMajority Believes U.S. Economic Growth is Gradually Slowing Down: ArticleVanEck's Potential Solana ETF Launch Dependent on 2024 Presidential Election Outcome: ArticleBitcoin Price Predicted to Hit New Peak in 2024, Says Digital Asset Data Provider: ArticleBitcoin Bull Michael Saylor Remains Optimistic Despite Market Struggles: ArticleAttorney Predicts Resolution Dates for SEC's Case Against Ripple: ArticleUS Unemployment Claims Rise Slightly Above Expectations: ArticleSecured Overnight Financing Rate Hits Six-Year High, Indicating Liquidity Tightening: Article
Major Cryptocurrencies Performance:
Ethereum (ETH): $3160.02 (-5.63%)Binance Coin (BNB): $526.6 (-7.13%)Solana (SOL): $134.46 (-8.60%)Ripple (XRP): $0.4503 (-6.87%)Dogecoin (DOGE): $0.11124 (-8.84%)Cardano (ADA): $0.3924 (-5.51%)TRON (TRX): $0.12774 (-1.59%)Avalanche (AVAX): $25.76 (-7.17%)Shiba Inu (SHIB): $0.00001531 (-9.41%)Wrapped Bitcoin (WBTC): $57572.45 (-4.98%)
Market Outperformers:
$BETA : +21%$STMX : +3%$AKRO : +1%
Top Gainers on Binance:
BETA/USDT: +21%STMX/USDT: +3%AKRO/USDT: +1%
Stay updated with the latest crypto trends and market movements!
Bitcoin (BTC):
Current Price: $57,537 (-5.10%)24-Hour Range: $56,952 - $60,740
Top stories of the day:
Bitcoin Price Loses Its 200-Day Trendline for First Time in 10 Months: ArticleFederal Reserve Officials Express Concern Over Inflation and Employment Market: ArticleBitcoin And S&P 500 Correlation Drops, Indicating Market Divergence: ArticleMajority Believes U.S. Economic Growth is Gradually Slowing Down: ArticleVanEck's Potential Solana ETF Launch Dependent on 2024 Presidential Election Outcome: ArticleBitcoin Price Predicted to Hit New Peak in 2024, Says Digital Asset Data Provider: ArticleBitcoin Bull Michael Saylor Remains Optimistic Despite Market Struggles: ArticleAttorney Predicts Resolution Dates for SEC's Case Against Ripple: ArticleUS Unemployment Claims Rise Slightly Above Expectations: ArticleSecured Overnight Financing Rate Hits Six-Year High, Indicating Liquidity Tightening: Article
Major Cryptocurrencies Performance:
Ethereum (ETH): $3160.02 (-5.63%)Binance Coin (BNB): $526.6 (-7.13%)Solana (SOL): $134.46 (-8.60%)Ripple (XRP): $0.4503 (-6.87%)Dogecoin (DOGE): $0.11124 (-8.84%)Cardano (ADA): $0.3924 (-5.51%)TRON (TRX): $0.12774 (-1.59%)Avalanche (AVAX): $25.76 (-7.17%)Shiba Inu (SHIB): $0.00001531 (-9.41%)Wrapped Bitcoin (WBTC): $57572.45 (-4.98%)
Market Outperformers:
$BETA : +21%$STMX : +3%$AKRO : +1%
Top Gainers on Binance:
BETA/USDT: +21%STMX/USDT: +3%AKRO/USDT: +1%
Stay updated with the latest crypto trends and market movements!
🚨BREAKING🚨
BINANCE WINS OVER SEC 🇺🇸
THE FEDERAL COURT RULED
$BNB SALES, CRYPTOCURRENCY
TOKENS ARE NOT SECURITIES.
THE RULINGS INCLUDE:
CRYPTO ARE NOT SECURITIES
BUSD IS NOT A SECURITY
BNB SALES ON SECONDARY
EXCHANGES = NOT SECURITIES
This marks a significant victory for Binance and the broader crypto industry. 🔥
#BINANCE
BINANCE WINS OVER SEC 🇺🇸
THE FEDERAL COURT RULED
$BNB SALES, CRYPTOCURRENCY
TOKENS ARE NOT SECURITIES.
THE RULINGS INCLUDE:
CRYPTO ARE NOT SECURITIES
BUSD IS NOT A SECURITY
BNB SALES ON SECONDARY
EXCHANGES = NOT SECURITIES
This marks a significant victory for Binance and the broader crypto industry. 🔥
#BINANCE
The Secured Overnight Financing Rate (SOFR) hit a six-year high of 5.4% on July 3rd, signaling tightening liquidity and restrictions on overnight borrowing.
This spike mirrors a similar situation from January 2nd and September 2019, when the Federal Reserve had to inject liquidity into the repo market.
David Brickell of FRNT Financial noted this as a short-term market concern, indicating pressure from excessive government debt and Treasury bond issuance. He predicts that the Federal Reserve will need to end quantitative tightening and restart liquidity injections to support the financial system.
#SOFR_Spike
This spike mirrors a similar situation from January 2nd and September 2019, when the Federal Reserve had to inject liquidity into the repo market.
David Brickell of FRNT Financial noted this as a short-term market concern, indicating pressure from excessive government debt and Treasury bond issuance. He predicts that the Federal Reserve will need to end quantitative tightening and restart liquidity injections to support the financial system.
#SOFR_Spike
🚨Important Update for Binance Users🚨
Hello, Binance community!
To maintain a top-tier trading experience, Binance routinely reviews spot trading pairs, removing those with low liquidity and volume. On July 5th at 03:00 (UTC), the following pairs will be delisted:
AI/TUSD, BTC/AEUR, CHR/BNB, ETH/AEUR, GAS/FDUSD, LQTY/FDUSD.
Stay informed and adjust your trading strategies accordingly.
#BinanceNews #CryptoNews🚀🔥 #CryptoUpdate #DelistedCoin #BinanceTournament
The 👉Notice!
Hello, Binance community!
To maintain a top-tier trading experience, Binance routinely reviews spot trading pairs, removing those with low liquidity and volume. On July 5th at 03:00 (UTC), the following pairs will be delisted:
AI/TUSD, BTC/AEUR, CHR/BNB, ETH/AEUR, GAS/FDUSD, LQTY/FDUSD.
Stay informed and adjust your trading strategies accordingly.
#BinanceNews #CryptoNews🚀🔥 #CryptoUpdate #DelistedCoin #BinanceTournament
The 👉Notice!
BNX has surged to the top of Binance's 24H gainers list, marking a remarkable 17.70% increase in market cap, now at $374,077,691.
Trading volume skyrocketed by an impressive 369.40%, reaching $102,384,456.
With circulating supply at 367,791,145 BNX and a strong volume/market cap ratio of 27.34%, BNX is showcasing significant bullish momentum.
As the fully diluted market cap hits $2,135,160,194, this cryptocurrency is attracting considerable investor attention.
Stay tuned for more insights and analysis!
I would advise a cautious approach when investing in $BNX Always do your own research and consider the risks involved before making any investment decisions.
Trading volume skyrocketed by an impressive 369.40%, reaching $102,384,456.
With circulating supply at 367,791,145 BNX and a strong volume/market cap ratio of 27.34%, BNX is showcasing significant bullish momentum.
As the fully diluted market cap hits $2,135,160,194, this cryptocurrency is attracting considerable investor attention.
Stay tuned for more insights and analysis!
I would advise a cautious approach when investing in $BNX Always do your own research and consider the risks involved before making any investment decisions.
🔥 New Trading Pairs and Trading Bots Services on Binance Spot
Exciting news for all traders! Binance is expanding its offerings with new trading pairs and enabling Trading Bots services to enhance your trading experience. Starting on July 3, 2024, at 14:00 (UTC), you can trade the following pairs:
WIF/BRL
ZK/USDC
ZRO/USDC
Trading Bots services for these pairs will also be available, providing you with more tools to optimize your trading strategies. Happy trading, everyone!
Check Full Notice
#BinanceNotice #BinanceNews #Wifey #zkSynk #LayerZero
Exciting news for all traders! Binance is expanding its offerings with new trading pairs and enabling Trading Bots services to enhance your trading experience. Starting on July 3, 2024, at 14:00 (UTC), you can trade the following pairs:
WIF/BRL
ZK/USDC
ZRO/USDC
Trading Bots services for these pairs will also be available, providing you with more tools to optimize your trading strategies. Happy trading, everyone!
Check Full Notice
#BinanceNotice #BinanceNews #Wifey #zkSynk #LayerZero
📊BNB Surpasses 580 USDT Amid Minor 24-Hour Dip 📉
As of July 2, 2024, 18:23 PM (UTC), Binance Market Data reports that $BNB has crossed the 580 USDT mark, currently trading at 580.10 USDT, with a slight 0.48% decrease over the past 24 hours. #BNBAnalysis #BNBToken
As of July 2, 2024, 18:23 PM (UTC), Binance Market Data reports that $BNB has crossed the 580 USDT mark, currently trading at 580.10 USDT, with a slight 0.48% decrease over the past 24 hours. #BNBAnalysis #BNBToken
📢BNB Chain Announces Second Sunset Fork Scheduled for July 📢
According to Odaily, BNB Chain's second Sunset fork is set for July 14th, marking the migration of the BNB Beacon Chain's staking function to the BNB Smart Chain. As the Beacon Chain is phased out, all assets must be transferred to the BNB Smart Chain. If you have staked BNB, complete the migration by July 14th to avoid automatic cancellation, with funds returned within two weeks. Additionally, BNB and other BEP2 assets must be moved before August 15th, as they will become immovable after this date. Ensure asset migration is completed promptly to avoid disruptions.
#BNBChain⚡️ #announcement #BinanceTournament
According to Odaily, BNB Chain's second Sunset fork is set for July 14th, marking the migration of the BNB Beacon Chain's staking function to the BNB Smart Chain. As the Beacon Chain is phased out, all assets must be transferred to the BNB Smart Chain. If you have staked BNB, complete the migration by July 14th to avoid automatic cancellation, with funds returned within two weeks. Additionally, BNB and other BEP2 assets must be moved before August 15th, as they will become immovable after this date. Ensure asset migration is completed promptly to avoid disruptions.
#BNBChain⚡️ #announcement #BinanceTournament
WebX2024, produced by Japan's largest Web3 media outlet CoinPost, will take place on August 28-29, 2024, at The Prince Park Tower in Tokyo. This premier event will gather professionals in crypto assets, blockchain, and Web3 technologies, offering attendees direct interaction with leading companies, experts, entrepreneurs, investors, government officials, and media from Japan and abroad.
Why Japan? Why WebX?
Japan was chosen for its supportive Web3 policies and focus on technological innovation. While many countries are tightening crypto regulations, Japan is easing access to this emerging field. WebX2024 is one of Asia's largest events focused on Web3 technologies, providing a platform for global professionals to share the latest developments and drive digital evolution. The event underscores Japan's leadership in the digital economy and its role as a hub for technological advancements in Asia. WebX aims to strengthen Japan's position as a digital innovation leader and bridge the evolution of digital technology.
#WebX #WebX2024 #BinanceTournament #Web3Technology
Why Japan? Why WebX?
Japan was chosen for its supportive Web3 policies and focus on technological innovation. While many countries are tightening crypto regulations, Japan is easing access to this emerging field. WebX2024 is one of Asia's largest events focused on Web3 technologies, providing a platform for global professionals to share the latest developments and drive digital evolution. The event underscores Japan's leadership in the digital economy and its role as a hub for technological advancements in Asia. WebX aims to strengthen Japan's position as a digital innovation leader and bridge the evolution of digital technology.
#WebX #WebX2024 #BinanceTournament #Web3Technology
Binance.US, the American arm of Binance, is preparing to face the SEC in court after a recent ruling. Judge Amy Berman Jackson dismissed some SEC claims, including those related to BNB's trading and the Binance USD (BUSD) stablecoin, while allowing others to proceed. The ongoing charges involve Binance’s staking scheme, post-ICO BNB sales, and allegations of fraud. Binance.US expressed readiness to move forward, highlighting their compliance efforts and criticizing the SEC's regulation-by-enforcement approach. Former CEO Changpeng Zhao has also faced charges and is currently serving a four-month jail term.
#BinanceNews #lawsuit #binanceus
#BinanceNews #lawsuit #binanceus
Layer Zero (ZRO) has taken the crypto market by storm, emerging as the top gainer on Binance with an impressive four-day surge. With its market cap soaring and trading volume spiking, ZRO shows strong bullish momentum. Dive into my latest analysis for a comprehensive look at market metrics, money flow, and technical trends that are driving this coin's remarkable performance.
Article for full insights.
#LayerZero
Article for full insights.
#LayerZero
Layer Zero Market Surge: In-Depth Analysis - July 2, 2024
Overview
Layer Zero (ZRO) has captured significant attention in the crypto market, surging over the past four days and emerging as the top gainer on Binance. This article delves into the latest trading data, market metrics, and technical analysis of ZRO, providing insights into its impressive performance.
Market Data and Trading Metrics
As of the latest data, Layer Zero exhibits robust growth indicators:
Market Cap: ZRO's market cap stands at $418,227,563, reflecting a notable increase of 9.55%.Volume (24h): Trading volume in the last 24 hours reached $487,135,786, marking a 10.01% surge.Volume/Market Cap (24h): The ratio of 117.58% underscores the high trading activity relative to its market cap.Circulating Supply: 110,000,000 ZRO, representing 11% of its total and maximum supply of 1,000,000,000 ZRO.Fully Diluted Market Cap: Valued at $3,802,068,750, indicating the potential market cap if all tokens were in circulation.
Money Flow Analysis
The money flow analysis for ZRO over the past day reveals significant buying pressure:
Large Orders: $5,569,823.92 in buys versus $4,871,778.24 in sells.Medium Orders: $12,079,215.02 in buys against $12,336,745.54 in sells.Small Orders: $16,267,868.42 in buys compared to $14,874,411.02 in sells.Net Inflow: A positive net inflow of $1,833,972.76, indicating more buying than selling activity.
In the past 24 hours, large inflows amounted to 231,046.99 ZRO, with a five-day cumulative inflow of 670,709.08 ZRO. This consistent buying trend supports the bullish momentum.
Technical Analysis
The 1-day TradingView chart highlights ZRO's upward trajectory:
Current Price: $3.812, with a daily gain of 0.79%.Price Range: The coin traded between $3.734 and $3.885, demonstrating a steady rise.Relative Strength Index (RSI): The RSI value of approximately 57.89 suggests a neutral to slightly bullish sentiment, indicating neither overbought nor oversold conditions.Volume: The trading volume, as reflected by the SMA (9), stands at 5.789 million, indicating healthy market participation.
Conclusion
Layer Zero (ZRO) has demonstrated remarkable performance over the last four days, positioning itself as the top gainer on the Binance market. With strong market metrics, positive money flow, and bullish technical indicators, ZRO shows potential for continued growth. Investors and traders should closely monitor this coin, as its recent surge might indicate a sustained upward trend or potential profit-taking opportunities.
Stay tuned for more updates as we continue to track Zero Coin's performance in the dynamic crypto market.
I would advise a cautious approach when investing in Layer Zero. Always do your own research and consider the risks involved before making any investment decisions.
#LayerZero #cryptoanalysis #ANALYSIS #CryptoUpdate
Layer Zero (ZRO) has captured significant attention in the crypto market, surging over the past four days and emerging as the top gainer on Binance. This article delves into the latest trading data, market metrics, and technical analysis of ZRO, providing insights into its impressive performance.
Market Data and Trading Metrics
As of the latest data, Layer Zero exhibits robust growth indicators:
Market Cap: ZRO's market cap stands at $418,227,563, reflecting a notable increase of 9.55%.Volume (24h): Trading volume in the last 24 hours reached $487,135,786, marking a 10.01% surge.Volume/Market Cap (24h): The ratio of 117.58% underscores the high trading activity relative to its market cap.Circulating Supply: 110,000,000 ZRO, representing 11% of its total and maximum supply of 1,000,000,000 ZRO.Fully Diluted Market Cap: Valued at $3,802,068,750, indicating the potential market cap if all tokens were in circulation.
Money Flow Analysis
The money flow analysis for ZRO over the past day reveals significant buying pressure:
Large Orders: $5,569,823.92 in buys versus $4,871,778.24 in sells.Medium Orders: $12,079,215.02 in buys against $12,336,745.54 in sells.Small Orders: $16,267,868.42 in buys compared to $14,874,411.02 in sells.Net Inflow: A positive net inflow of $1,833,972.76, indicating more buying than selling activity.
In the past 24 hours, large inflows amounted to 231,046.99 ZRO, with a five-day cumulative inflow of 670,709.08 ZRO. This consistent buying trend supports the bullish momentum.
Technical Analysis
The 1-day TradingView chart highlights ZRO's upward trajectory:
Current Price: $3.812, with a daily gain of 0.79%.Price Range: The coin traded between $3.734 and $3.885, demonstrating a steady rise.Relative Strength Index (RSI): The RSI value of approximately 57.89 suggests a neutral to slightly bullish sentiment, indicating neither overbought nor oversold conditions.Volume: The trading volume, as reflected by the SMA (9), stands at 5.789 million, indicating healthy market participation.
Conclusion
Layer Zero (ZRO) has demonstrated remarkable performance over the last four days, positioning itself as the top gainer on the Binance market. With strong market metrics, positive money flow, and bullish technical indicators, ZRO shows potential for continued growth. Investors and traders should closely monitor this coin, as its recent surge might indicate a sustained upward trend or potential profit-taking opportunities.
Stay tuned for more updates as we continue to track Zero Coin's performance in the dynamic crypto market.
I would advise a cautious approach when investing in Layer Zero. Always do your own research and consider the risks involved before making any investment decisions.
#LayerZero #cryptoanalysis #ANALYSIS #CryptoUpdate
Solana has once again surpassed Ethereum in daily DEX trading volume, signaling a potential shift in the crypto landscape. On July 1, Solana recorded $848.71 million in daily DEX trading volume, overtaking Ethereum's $778.66 million. This marks a significant trend, as Solana has been flipping Ethereum more frequently, with the latest flip occurring just 10 days after the previous one. Solana's ecosystem growth, driven by the recent memecoin mania, is fueling this demand, leading to consistent increases in key on-chain metrics.
Despite Solana's impressive performance, it still trails behind Ethereum in total value locked (TVL) and market cap, with $4.5 billion compared to Ethereum's $59 billion. However, Solana's low fees make it a capital-efficient platform, contributing to higher trading volumes and significant bot traffic. While Solana's rising DEX volume is noteworthy, it faces challenges such as abandoned tokens post-launch. Meanwhile, Ethereum maintains the largest ecosystem with a vast array of dApps and projects. The growing frequency of Solana's volume flips indicates its increasing market presence and potential for future dominance in the DEX space.
$ETH $SOL
Despite Solana's impressive performance, it still trails behind Ethereum in total value locked (TVL) and market cap, with $4.5 billion compared to Ethereum's $59 billion. However, Solana's low fees make it a capital-efficient platform, contributing to higher trading volumes and significant bot traffic. While Solana's rising DEX volume is noteworthy, it faces challenges such as abandoned tokens post-launch. Meanwhile, Ethereum maintains the largest ecosystem with a vast array of dApps and projects. The growing frequency of Solana's volume flips indicates its increasing market presence and potential for future dominance in the DEX space.
$ETH $SOL
Ethena Labs' Stablecoin USDe Circulation Reaches Over 3.6 Billion
According to BlockBeats, Ethena Labs' Ethereum-based stablecoin, USDe, has surpassed a circulation of 3.6 billion, based on Etherscan data. USDe maintains price stability through 'delta neutral' hedging across centralized and decentralized platforms, and can be created using US dollars, ETH, or liquidity pledge tokens as collateral.
The stablecoin market has seen significant growth recently, with many companies launching their own versions. Ethena Labs' USDe is a notable new entrant, and its rapid circulation growth highlights the strong demand for stablecoins.
According to BlockBeats, Ethena Labs' Ethereum-based stablecoin, USDe, has surpassed a circulation of 3.6 billion, based on Etherscan data. USDe maintains price stability through 'delta neutral' hedging across centralized and decentralized platforms, and can be created using US dollars, ETH, or liquidity pledge tokens as collateral.
The stablecoin market has seen significant growth recently, with many companies launching their own versions. Ethena Labs' USDe is a notable new entrant, and its rapid circulation growth highlights the strong demand for stablecoins.
Research firm 10x Research warns that Bitcoin could drop to $55,000 due to several bearish factors. A trend model followed by institutional investors indicates a downtrend, potentially leading CTAs to increase short positions amid low volatility. Weekly and monthly reversal indicators are signaling broader corrections, while political uncertainty and slowed institutional adoption further contribute to a negative outlook. Despite the launch of Bitcoin ETFs, inflows have significantly decreased after an initial surge earlier this year.
Macroeconomic factors, such as the Federal Reserve’s hawkish stance on interest rates and historical seasonal trends, also pose risks. The third quarter has traditionally been Bitcoin's weakest, with average returns of just 5%. Additionally, miner economics could pressure Bitcoin prices, as sustained trading below $60,000 might force miners to sell at a loss. The impending expiration of $10 billion in Bitcoin and Ethereum options could further increase volatility in the market.
#Bitcoin❗ #US_Inflation_Easing_Alert #BitcoinNews #CryptoNews🚀🔥
Macroeconomic factors, such as the Federal Reserve’s hawkish stance on interest rates and historical seasonal trends, also pose risks. The third quarter has traditionally been Bitcoin's weakest, with average returns of just 5%. Additionally, miner economics could pressure Bitcoin prices, as sustained trading below $60,000 might force miners to sell at a loss. The impending expiration of $10 billion in Bitcoin and Ethereum options could further increase volatility in the market.
#Bitcoin❗ #US_Inflation_Easing_Alert #BitcoinNews #CryptoNews🚀🔥
📢 Fantom Foundation's Third Sonic Governance Proposal Approved 📢
According to Odaily, the Fantom Foundation has announced the approval of its third Sonic governance proposal on platform X. This proposal encompasses ecosystem grants, a new token burn mechanism, and initiatives like Sonic Spark and Sonic University. Over the next six years, the Sonic Foundation will allocate a portion of tokens as operational funds for Sonic Labs to support the network's growth among dApp developers, BD partners, and user communities.
If the community maintains the inflation rate at 1.5% per year, 47,625,000 tokens will be minted annually (3,175,000,000 x 1.5%). If Sonic Labs uses only 5,000,000 tokens in a year, the remaining 42,625,000 tokens will be burned. This token burn mechanism aims to help maintain the value of Sonic tokens.
#FantomFoundation #FantomSonic #CryptoNews🚀🔥
According to Odaily, the Fantom Foundation has announced the approval of its third Sonic governance proposal on platform X. This proposal encompasses ecosystem grants, a new token burn mechanism, and initiatives like Sonic Spark and Sonic University. Over the next six years, the Sonic Foundation will allocate a portion of tokens as operational funds for Sonic Labs to support the network's growth among dApp developers, BD partners, and user communities.
If the community maintains the inflation rate at 1.5% per year, 47,625,000 tokens will be minted annually (3,175,000,000 x 1.5%). If Sonic Labs uses only 5,000,000 tokens in a year, the remaining 42,625,000 tokens will be burned. This token burn mechanism aims to help maintain the value of Sonic tokens.
#FantomFoundation #FantomSonic #CryptoNews🚀🔥
Bitcoin Spot ETFs Increase Holdings by 526 BTC
On July 2nd, Lookonchain monitoring revealed that nine Bitcoin spot ETFs collectively increased their holdings by 526 BTC, worth around $33 million.
Grayscale reduced its holdings by 198 BTC ($12.4 million), now holding 275,758 BTC (about $17.34 billion).
In contrast, BlackRock increased its holdings by 1,366 BTC ($85.9 million), now holding 306,979 BTC (about $19.3 billion)
#BitcoinETF💰💰💰 #BitcoinETFapproved #CryptoNews🚀🔥
On July 2nd, Lookonchain monitoring revealed that nine Bitcoin spot ETFs collectively increased their holdings by 526 BTC, worth around $33 million.
Grayscale reduced its holdings by 198 BTC ($12.4 million), now holding 275,758 BTC (about $17.34 billion).
In contrast, BlackRock increased its holdings by 1,366 BTC ($85.9 million), now holding 306,979 BTC (about $19.3 billion)
#BitcoinETF💰💰💰 #BitcoinETFapproved #CryptoNews🚀🔥
BONK/USDT is trending on Binance! 📈 Current price: 0.00002380 USDT, up by 5.08%. Significant large order inflows suggest potential accumulation. Market cap is up 7.94%, now at $1.62B. Check out the detailed Analysis! $BONK
