🇺🇸 Presidential Candidate Donald Trump: "I will secure the future of cryptocurrency and Bitcoin in the USA. I will create a safe environment for the 50 million crypto owners in our country to store their assets securely."Following Trump's statements, Trump-themed tokens are experiencing a surge. $BTC
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According to U.Today, the dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a remarkable 485% netflow spike over the past week. Despite this being a negative spike, it adds an interesting element to the overall positive narrative. In the last 24 hours, Shiba Inu has seen positive netflows, jumping from -97.45 billion SHIB to 379.61 billion SHIB. The Large Holders Netflow Indicator from IntoTheBlock provides insights into changes in whale positions. Positive netflow spikes could be seen as accumulation from large holders, while decreases suggest reduced positions or selling. Regardless of the implications, a surge in netflow could indicate whale activity. The current rise in netflow is significant as SHIB approaches a crucial point in its price that could affect its short-term trajectory. The cryptocurrency market has been closely monitoring Shiba Inu as it strives to maintain its price above the daily Simple Moving Average (SMA) 50, a key barrier that has hindered its upward movement since mid-April. For SHIB, the SMA 50 has acted as a resistance level, limiting its price within a range and preventing a bullish breakout. Since mid-April, SHIB has tried to breach this level multiple times, only to be pushed back down, suggesting market hesitation. However, recent developments indicate a change in the tide. SHIB's price has now broken through the daily SMA 50 barrier, signaling a potential shift in momentum. Market sentiment has also played a key role in SHIB's recent price action. Positive news about the progress toward the approval of U.S. Ethereum spot ETFs has led to a more optimistic outlook for cryptocurrencies, including SHIB. This change in sentiment has given SHIB the necessary push to challenge and surpass the SMA 50. As SHIB trades above the daily SMA 50, currently at $0.00002467, the market is watching to see if it can sustain this. A steady hold above the SMA 50 could set the stage for further recovery and potentially initiate a new bullish trend for SHIB.
$PEPE $BTC #ETHETFsApproved $BNB 🪙 Crypto News (May 23, 2024): 1️⃣ Lookonchain: An anonymous investor earned over $3.4 million through investments in the meme coin Pepe Coin (PEPE). Experts report that on April 15, 2023, this trader bought 324.9 billion #PEPE for 0.22 ETH (worth $462 at the time). On May 21, 2024, they sold 182.9 billion PEPE for $3.4 million. This impressive move increased their investment by 7368 times in just over a year. 📈💰 2️⃣ The Block: Matter Labs, the company behind the EVM-compatible layer-two solution zkSync, plans to hold a #TGE this week. The token launch and airdrop are set to occur within 30 days following the TGE. The total supply of the new tokens will be 21 billion. Asset distribution is scheduled for June 13, and the company has emphasized that this airdrop will take place before a similar event by Blast, planned for June 26. 📅📦 3️⃣ Notcoin: The Web3 gaming project Notcoin has announced a new competition with a total prize pool of 20 million NOT, valued at approximately $100,000. The Notcoin team is launching the #NOT ART contest, inviting all "non-artists" — those who don't fit the traditional art mold — to participate. 🎨🏆 4️⃣ deBridge: The EVM-compatible cross-chain protocol deBridge has launched its governance token DBR. The total issuance of #DBR coins on the Solana SPL standard will be 10 billion, with an initial market supply of 1.8 billion. The community will receive 20% (2 billion DBR) through an airdrop. The development team will receive another 20%, and 17% will be allocated to strategic partners. 🌉🔗 5️⃣ Circle: #Circle has announced a new media campaign titled "Money Is Now Open". The campaign aims to promote greater transparency and openness in the financial sector for everyday users. 💵🔓 👍 If you haven't subscribed yet, please do so, leave a like, or comment below! (collected )