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Following the SEC greenlight to commence trading, nine Ethereum spot exchange-traded funds have recorded $112 million in volume in under 15 minutes of trading.
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"Crypto CEO Warns: Stop Buying XRP Now! Time to Rethink Your Strategy!"
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The BNB Chain ecosystem has concluded a fresh quarterly burn, destroying 1,772,712.363 BNB tokens from the available supply. This latest development is the 29th iteration in the series of BNB Chain’s quarterly burn. At the time of the burn, the approximate value of the total BNB burned was around $1.07 billion. This 1.77 million BNB figure marked a significant increase from the previous quarter’s burn. At the time, 1.64 million BNB tokens, valued at approximately $971 million, were incinerated. #BNB #Crypto #CryptoNews” #CryptoNewss #CryptoNewsUSA
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Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, seeks to present a 10-minute pitch about SHIB’s potential to Ethereum co-founder Vitalik Buterin. Kusama made the request today in reaction to Buterin’s recent comment about Shiba Inu’s rival Dogecoin (DOGE). #shiba⚡ #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
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"Swissblock Economist Charts Bitcoin’s Journey to $115K-$123K – Here’s When It Could Happen!"
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Joshua Jake, CEO of the Discover Crypto channel, has called on market participants to refrain from investing in altcoins like XRP without properly assessing their strategies in the ongoing bull market. Jake, a longstanding critic of XRP, issued this latest commentary on X on Thursday after observing the recent week-long price pump in the crypto market led by Bitcoin. Notably, the crypto market is experiencing a correction, with Bitcoin revisiting the $69K level early today, impacting altcoins like XRP. In his analysis, Jake urged crypto enthusiasts to reassess their investment strategies before considering XRP. His warning stems from the observation that while Bitcoin retested its March all-time high this week, XRP barely moved. For instance, XRP has remained around $0.5200 for most of this week, while Bitcoin successfully revisited $73,000, a seven-month high. Meanwhile, XRP is not alone in this trend. Other top crypto assets underperforming Bitcoin include Cardano (ADA) and Polkadot (DOT). Looking at these assets, Jake urged holders of XRP, ADA, and DOT not to expect five-fold price gains this season. However, he acknowledged their potential for commendable price movement as the bull market progresses. Yet, he outlined that these altcoins’ performance would hinge on Bitcoin’s dominance declining. Notably, Bitcoin dominance, currently at 60%, has been on the rise this year and has not diminished. For context, the figure is up 1.76% this week, 4.4% over the past month, and 16.42% since January. A drop in Bitcoin’s dominance is crucial to usher in the much-awaited altcoin season. Analysts hope a reversal could occur toward the end of the year as market participants take profits from Bitcoin and allocate them to altcoins. #XRP #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
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