🔥 Ongoing SHIB Burn Campaign 🔥 Many Shiba Inu community members believe reducing the cryptocurrency’s hefty circulating supply could potentially increase the value of the remaining tokens. Consequently, they have resorted to sending huge amounts of SHIB to the official dead wallet, permanently removing the tokens from circulation. 💸🔥
🐕 Shiba Inu, which launched with a total supply of 1 quadrillion tokens, now has only 583.31 trillion SHIB in circulation. The community and Ethereum co-founder Vitalik Buterin have burned a combined 410,727,009,502,240 (410.72 trillion) SHIB. While Buterin burned 410 trillion SHIB in 2021, the Shiba Inu community has destroyed over 72 billion SHIB since inception. 🔥🚀
📊 Data from Shibburn confirms that 37,534,163 (37.53 million) were sent to the dead wallet over the past day, boosting the asset’s burn rate to 529.72%. However, the 37.53 million SHIB destroyed in the past day is only a fraction of the token’s hefty circulating supply. 🔥📈
🤔 Will Binance Support SHIB Burns Like LUNC? 🏦 Meanwhile, Binance is not new to supporting a token’s burn initiative. Recall that the exchange launched an initiative to burn LUNC using 50% of the token’s spot and margin trading fees. The move marks the exchange’s contribution to making victims of the Terra ecosystem collapse whole. 💸🔥
📅 As of May 1, Binance’s total LUNC burns hit a whopping 58.93 billion, valued at $5.6 million at the time. It remains to be seen how the Shiba Inu community hopes to burn SHIB via these top exchanges. 📈💰
**XRP Price Dips Again 📉** XRP price attempted a fresh increase above the $0.4950 resistance zone. It even spiked above the $0.50 resistance but there was no real bullish momentum. A high was formed at $0.5019 and the price started a fresh decline like Bitcoin. 📊
There was a move below the $0.4980 and $0.4950 levels. There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP/USD pair. The pair even traded below the 50% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high. 📉
The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. The bulls seem to be active near the $0.4850 support and the 61.8% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high. 📈
If there is a fresh increase, the price might face hurdles near the $0.4950 level. The first major resistance is near the $0.50 and $0.5020 levels. A clear move above the $0.5020 resistance might send the price toward the $0.5150 resistance. 🚀
**More Losses? 📉** If XRP fails to clear the $0.50 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4850 level. 📉
The next major support is at $0.4765. If there is a downside break and a close below the $0.4765 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.4540 low in the near term. 🛑
**Technical Indicators 🛠️** Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. 📉
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. 📉
Here are Some Risk Management Tips For You👇 💰 Do not put all of your money into one cryptocurrency. 📈 Diversify your investments over numerous respectable coins, including Bitcoin, Ethereum, and others. ⚖️ Diversification can help you reduce risk while increasing your chances of profiting from the rise of numerous assets. 🌱 Consider investing a portion of your wealth in emerging projects with excellent fundamentals. 💡 This method can help you maximize your potential earnings while reducing your exposure to market volatility. 🛡️ Diversifying creates a more balanced portfolio that can withstand market volatility. #BinanceTournament #ETHETFsApproved #altcoins #BTC #BitcoinTherapist
🚨 Caution: Refrain from Investing June 12-13 Due to Key Economic Events 🚨 🚨 Heads up, investors! 🚨 It's essential to stay informed about economic news that may heavily influence your investment strategies. On June 12th, the US Core Consumer Price Index (CPI) and Consumer Price Index (CPI) reports will reveal important inflation data. But wait, there's more! On June 13th, get ready for the Federal Funds Interest Rate announcement, the Federal Open Market Committee (FOMC) Economic Forecast, and the FOMC Statement. To wrap it up, there will be an FOMC press conference for additional details. These events can trigger significant market fluctuations, so it's prudent to be cautious and avoid making impulsive investment moves. Knowledge is key! Stay updated and make informed decisions to safeguard your investments.#IOprediction #Binance200M #TopCoinsJune2024 #ETHETFsApproved #FIT21
Analysts are saying NOT might be forming a "falling wedge" pattern on the 4-hour TF 📉. This could mean a price jump of up to 50% in the short term 📈...but only if the price breaks out of the wedge upwards 🙊.
$APT has successfully found support at $7.5 and is now progressing 📈. If the current upward trend continues, the price may reach $17.4 🚀. In case it weakens, the next support level would be $6.8 📉. Expecting $BTC to stay green too! 💚 The previous rally resulted in a 270% increase 📊.#Binance200M #TopCoinsJune2024 #ETHETFsApproved #altcoins #BlackRock
Binance Unveils New Token IO.NET on Its Launchpool Platform Binance, a leading global cryptocurrency exchange, has officially announced the addition of IO.NET (IO), a decentralized AI computing and cloud platform, to its Binance Launchpool. This marks the platform’s 55th project, allowing users to stake BNB and FDUSD to farm IO tokens. Starting June 7, 2024, at 00:00 UTC, Binance users can stake their BNB and FDUSD in separate pools to earn IO tokens over four days. This initiative is part of Binance’s ongoing efforts to bring innovative projects and rewarding opportunities to its user base.
IO.NET introduces a total genesis token supply of 500 million IO, with a maximum supply cap set at 800 million IO. For the Launchpool, 20 million IO tokens (equivalent to 4% of the total initial supply) will be distributed as rewards to participants.
The Launchpool will require participants to complete KYC verification, adhering to Binance’s security and regulatory compliance standards. The staking caps are set at 17,708.33 IO for the BNB pool and 3,125 IO for the FDUSD pool, calculated hourly.
Supported Pools and Rewards Distribution The farming period is scheduled from June 7 to June 10, 2024, with daily rewards distributed across the BNB and FDUSD pools. Users can claim these rewards directly to their spot accounts anytime during the event. Following the staking period, Binance will list the IO token on June 11, 2024, at noon UTC. The trading pairs available at launch include IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY.
The Binance BNB Vault and Locked Products will integrate with the Launchpool, allowing users who have staked BNB in these products to participate and receive new token rewards automatically. This integration ensures users enjoy seamless benefits while engaging with multiple Binance services.
Following the farming period, Binance will list IO at 12:00 UTC on June 11, 2024, and open trading with IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY trading pairs.
Key Details
Token Name: IO.NET (IO) Total Token Supply at Genesis: 500,000,000 IO Max Token Supply: 800,000,000 IO Launchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis) Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis) Smart Contract Details: Solana Staking Terms: KYC required Read more about how to get IO – here.
Terms & Conditions
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour. Tokens can only be staked in one pool at a time. Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately. Binance BNB Vault and Locked Products will support the Launchpool.
Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool and receive new token rewards. Participation in Launchpool is subject to eligibility based on the user’s country or region of residence. Please refer to the instructions on the Launchpool page.
About IO.NET (IO) IO.NET is a decentralized AI computing & cloud platform that aggregates GPU supply from underutilized sources to create a network for machine learning startups to access computing power at a reduced cost. #Binance200M #TopCoinsJune2024 #ETHETFsApproved #Metaverse #BnbAth
Binance says users will be able to stake BNB and the stablecoin First Digital USD (FDUSD) into separate pools to farm IO tokens over four days starting on June 7th. IO will then be listed on June 11th.
According to io.net, it is creating an enterprise-grade decentralized computing network that allows machine learning engineers to access distributed cloud clusters at a lower cost.
The aim is to address the challenges of relying on traditional cloud service providers that have 2.5x less capacity than the estimated market demand, which causes problems such as high costs, limited choices and longer waiting times to access hardware with cloud services.
Reads the io.net website,
“We believe that compute is this generation’s “digital oil,” powering a never-before-seen technological industrial revolution. Our vision is to build IO to be the currency of compute, powering an ecosystem of products and services that enable access to compute as a resource and as an asset.”
#ETHETFsApproved 🗝️ How to find Your Binance Pay ID: A Unique Key to Receiving Cryptocurrency! 🗝️
🌐 In Binance, your Pay ID is a distinctive identifier that enables you to receive cryptocurrency from other Binance accounts. Generated through the Binance Pay feature, it's easily accessible on both the website and mobile app. 📱
💻 Here's how to find your Pay ID on Binance Web: 1️⃣ Hover over your Profile Icon 🖱️ 2️⃣ Click on "Dashboard" 🗂️ 3️⃣ Select "Finance" and then click on "Binance Pay" 💰
📲 On the Binance Mobile App: 1️⃣ Switch to Binance Pro 📊 2️⃣ Tap on the "Binance Pay Icon" or "Profile Icon" 📱 3️⃣ Tap on "Pay" to view your Pay ID 💳
Most altcoins will see a rise during this crypto cycle, but it's crucial to focus on undervalued coins. 🌟📈
Why? Because that's where significant gains are found. 💰📊
Here's how to identify these undervalued gems that will reach new all-time highs. 💎🚀
Consider these four factors: 📝
✅ **Sector**: The sector should be trending and large enough to generate profits. Look for areas like AI, gaming, and privacy, which have substantial potential and are gaining momentum. 🧠🎮🔒
✅ **Competition**: Analyze the competition. If a competitor is valued much higher while your coin is performing better, it's undervalued and poised for growth. 🏆📉
✅ **Users**: High user engagement indicates real demand and adds value, as described by Metcalfe's Law, which states that a network's value grows exponentially with the number of users. 📈👥
✅ **Development Activity**: Continuous development shows commitment and potential for future growth. 🔧🚀
By focusing on these factors, you can discover coins with 10x potential. This is an opportunity to achieve significant financial gains. 💸💹
Table of Contents Edward Snowden delivers iconic Bitcoin line as Berkshire Hathaway falls 99.97% Australian spot Bitcoin ETF goes live, here's why it stands out SHIB skyrockets 10,990% in this key metric after recent SHIB team warning Cover image via U.Today U.Today has prepared the top three news stories over the past day.
Edward Snowden delivers iconic Bitcoin line as Berkshire Hathaway falls 99.97% On Monday, June 3, the New York Stock Exchange was shaken by a technical issue, which resulted in the A-class shares of Warren Buffet's Berkshire Hathaway appearing to be down by almost 100%. The malfunction led to trading halts in those shares, as well as in Barrick Gold and Nuscale Power. Even though the glitch was quickly fixed and all three stocks resumed trading the same day, the incident did not go unnoticed by the crypto community, with many digital asset enthusiasts taking to social media to remind Warren Buffett of his Bitcoin criticism. Particularly, the businessman called BTC a “gambling asset” with zero value. However, as was noted by many crypto community members, the top crypto has never witnessed such a dramatic drop, unlike Berkshire Hathaway stock. Joining the army of commentators was Edward Snowden, the infamous whistleblower and advocate for privacy rights; in his X post, Snowden delivered the iconic Bitcoin line "Bitcoin fixes this," potentially implying that he sees the asset as a solution to various technical vulnerabilities.#BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21 #Write2Earn!
for more information follow me $NOT click and collect free BnB 🎁💵💰 Update on NOT$NOT (Notcoin): A Rise to $0.04 Looks Imminent NOT$NOT (Notcoin) is showing strong potential for a rise to $0.04. The coin is forming a flag pattern, which suggests a likely continuation of its upward trend, provided Bitcoin (BTC) remains stable. Follow me for more analysis. We're in this together! #ETHETFsApproved #StartInvestingInCrypto #ETHETFsApproved #BinanceLaunchpool #MicroStrategy
Ethereum Founder Vitalik Buterin Retweeted a Tweet About Terra (LUNA)! 📉 LUNA Price Reacts 📉
Ethereum founder Vitalik Buterin retweeted a tweet shared before the Terra (LUNA) crash in 2022, arguing that LUNA enemies are generally from the Ethereum community. 🌐
So, Buterin implied that the Ethereum community was right about the token in question with the LUNA collapse. ✔️
The post in question that Buterin retweeted belonged to Ansem, a cryptocurrency influencer who is currently gaining popularity again. 📈 Ansem is one of the names that promote dogwifhat (WIF), one of the recently emerged memecoins. 🐕🦺
In his post shared on January 10, 2022, Ansem shared a message defending LUNA. In May of the same year, the Terra ecosystem suffered a major collapse, triggering a chain of bankruptcies in the cryptocurrency world. 🌍💥
After Vitalik Buterin retweeted the tweet in question, there was a decrease in the price of LUNA. 📉 At the time of writing this article, LUNA is trading at $0.6553, with a decline of approximately 8% in the last 24 hours. 📉🕒 #ETHETFsApproved #BinanceLaunchpool $LUNA #LUNA #VitalikButerin 🚀
Share to Win is back with BIGGER rewards where verified users may participate to unlock over 100 USDT in rewards. 🎉💰 Activity Period: 2024-05-23 09:00 (UTC) to 2024-06-06 09:00 (UTC) 🗓️⏰ Activity 1: Share Binance Square Links With Your Referrals to Get up to 100 USDT in Crypto Red Packet 🔗🎁 You and a friend can unlock up to 2USDT in red packet when your friend clicks into any Square content links that you share! 👯♂️💸 Enjoy BIGGER rewards when you send it to a friend new to Binance! 🆕🤑 Activity 2: New Users Exclusive - Sign up With Binance & Complete Tasks to Earn extra up to 5.5 USDT in Rewards ✨🔐 1. Open any ten unique Binance Square links while being logged in to your Binance account. 🔓🔗 2. Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options, or Convert. 💵📈 This Activity may not be available in your region. 🚫🌍 The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available. 🏃♂️💨 #Megadrop #MtGox #StartInvestingInCrypto #altcoins $BTC #ETHETFsApproved
News of Do Kwon's SEC Settlement lead to Surge in Terra Coins LUNA and LUNC! 📈
Big news for the Terra community! Terra's cryptocurrencies, LUNA and LUNC, are on the rise after founder Do Kwon and Terraform Labs reached a tentative settlement with the SEC in their civil fraud case. 🚀
What's Happening? 🧐 - LUNA: Up 16.3% in the last 24 hours, now trading at $0.69. 📊 - LUNC: Up 9.5% in the past day, trading at $0.0001215. 💹
The spike comes after news broke that Terraform Labs and Do Kwon reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC). This settlement was noted in court documents, with a June 12 deadline for finalizing the details. 🗞️
In April, a New York jury found Kwon and Terraform Labs liable for civil fraud, agreeing with the SEC's claims that investors were misled about TerraUSD (UST), Terra’s stablecoin. The SEC aimed to impose financial penalties and bar Kwon and Terraform Labs from the securities industry. ⚖️
The charges stem from the May 2022 collapse of TerraUSD and the LUNA governance token, which led to over $40 billion in losses and triggered a prolonged "crypto winter." 🥶
While this settlement is a step forward, Kwon's legal troubles are far from over: 🚨 - He still faces criminal fraud charges from the U.S. Department of Justice. 🇺🇸 - In South Korea, he's charged with fraud, bribery, and market manipulation. 🇰🇷 - After his December 2023 arrest in Montenegro for using a false passport, both the U.S. and South Korea are vying for his extradition. ✈️
Currently, Kwon is in Montenegro, where he served a four-month sentence and is awaiting further legal proceedings. 🚔
🚨 Urgent: Last Call to Claim Your NOT Tokens by June 16! 🗓️
**📰 Breaking News from Foresight News**: Attention Notcoin users! ⏳ The clock is ticking—make sure to claim your NOT tokens by June 16. Here’s what you need to know:
1. **🪙 Claim Your NOT Tokens**: Users must withdraw their NOT tokens from the Notcoin bot to their personal wallets before the deadline. 📥
2. **🔄 Withdraw Staked Tokens**: If you have staked NOT tokens, you can also withdraw them now. 📤
3. **🏁 Special Staking Offer Ends**: The exclusive offer for staking has concluded. 🚫
4. **✨ New Features Coming Soon**: Exciting updates ahead! 🚀 The 'Levels' and 'Explore' features will soon be available to new users, enhancing your Notcoin experience. 🔍
### ❓ What Happens to Unclaimed NOT Tokens?
- **🔧 Future Development**: Unclaimed tokens will be allocated towards future development initiatives. 📈
- **🔥 Token Destruction**: Remaining tokens will be destroyed to maintain token scarcity and value. 💎
### 🤝 Engage with Us!
#### 🌟 Are You Ready for the New Features?
- ✅ Yes, can't wait! - ⏳ Still need to claim my tokens - 🤔 Curious about what’s next
Connect with fellow Notcoin enthusiasts and stay updated on the latest news on #Notcoinnews @Notcoin news 📢 #orocryptotrends @OroCryptoTrends 🌐 #Megadrop #MtGox #EarnFreeCrypto2024 💰
🚀 Don’t miss out on this crucial deadline—ensure your NOT tokens are claimed and stay tuned for exciting developments in the Notcoin ecosystem!
Terra Coins Rise From the Ashes: $LUNA 🚀 Up 15%, $LUNC 📈 Up 8% After Do Kwon Settles with SEC! Terra's back in the news, and this time, it's for a (somewhat) positive reason! 🌟 Following news of a tentative settlement between Terraform Labs and the SEC, both LUNA and LUNC, the cryptocurrencies associated with the Terra ecosystem, have seen significant price increases. 📈✨ Here's the breakdown: 💻👇 (1) LUNA (rebooted Terra): Up a whopping 15% in the past 24 hours, currently trading around $0.6814. 📊💵 (2) LUNC (Terra Luna Classic): Gained 8% in the last day, sitting at roughly $0.00012. 📊💰 So, what's the deal with the settlement? 🤔 The details are still under wraps, but the SEC was previously looking for financial penalties and industry bans for Do Kwon and Terraform Labs. This settlement seems to be a step towards resolving the civil lawsuit related to the TerraUSD and LUNA crash in May 2022, which caused billions in losses. 💼⚖️ Hold on, there's more to the story! 📰 While the SEC case might be cooling down, Do Kwon's legal troubles are far from over. He's still facing criminal charges from the US Department of Justice and South Korea, including accusations of fraud, bribery, and market manipulation. 🚨⚖️ Extradition drama: Who gets Do Kwon? 🎭 Do Kwon's arrest in Montenegro on fake passport charges threw another curveball. Now, the US and South Korea are locked in a battle to extradite him, with Montenegro's courts making things interesting by flipping back and forth on the requests. 🔄🛃 The takeaway? 🤐 Terra's showing signs of life again with these price increases, but the future remains uncertain. Keep an eye out for developments in Do Kwon's legal battles and the ongoing extradition saga! DYOR!! #altcoins #LUNA 🌐📊#Megadrop #MtGox #StartInvestingInCrypto #ETHETFsApproved #btc70k