Roaring Kitty and $GME have seen huge swings as if it's 2021 all over again. Over the past 3 weeks, major price tops have coincided almost perfectly with the crowd's euphoric FOMO. As an asset driven primarily by speculation, social volume and hype are excellent markers of price reversals. Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
Keep an eye out for AI projects this weekend and early next week. There is another gradual increase in social volume towards Synth AI, as well as regulation of projects such as $FET, $OCEAN, $AGIX and $TAO. Such bursts of crowd interest are often followed by rising prices. Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
On average, the S&P 500 $SPX has fallen 23.5% in the 195 days since the Fed first cut rates to a market low. Keep this in mind when the Fed finally decides to start cutting rates! Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
1 . As of June 6, BlackRock IBIT's assets exceeded 300,000 bitcoins; 2 . Bitfinex: Bitcoin bull market cycle could peak in Q4 at $120,000; 3 . BEVM launches new incentive plan that will reward outstanding projects and users with $60 million in incentives; 4 . Sun Yuchen's current investment in Pendle has grown to 53,900 ETH with a total value of $205 million; 5 . The power of the Bitcoin Lightning Network has exceeded $350 million, which is a record high; 6 . Grayscale: optimistic about ETH's growth and potential; 7 . Transaction fees on the Bitcoin network have skyrocketed to 500 satoshi/byte, which may be due to the collection of wallets by the exchange; 8 . RoaringKitty shows position data and lost $235 million today; 9 . At the event, Trump declared himself the “cryptocurrency president”; 10. People familiar with the matter: Bakkt is considering selling or splitting strategies; 11 . New York Attorney General Opposes DCG and Its Founder's Motion to Dismiss Fraud Claim; 12 . More than 32,000 users lost more than $42 million to phishing scams in May; 13 . Ripple sold 150 million XRP yesterday, worth about $78 million; 14 . Zilliqa has announced the launch of the Zilliqa 2.0 whitepaper and roadmap, with the mainnet to be rolled out by the end of the year; 15. Customers Bank plans to cancel the bank accounts of some cryptocurrency hedge funds. Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
Assessing long-term #Bitcoin holders, we see that the overall LTH supply loss is negligible, with only 4.9k BTC (0.03% of LTH supply) purchased above the spot price. Considering that new ATHs were only established in March (less than 155 days ago), these losing LTH coins are the few holders that bought at the top of the 2021 cycle and have been holding on to them ever since. Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
Rothschild Investment, managed by Bradley Drake, has an AUM of $1.19 billion with 486 companies. The largest companies include: -Apple $AAPL (4.60%) -J.P. Morgan $JPM (2.01%) -NVIDIA $NVDA (1.98%) -Google $GOOGL (1.92%) -Chevron $CVX (1.92%) Largest investments: Apple and J.P. Morgan, worth $78.5 million. Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
The zkSync-based project Gemholic allegedly scammed its users out of $3.5 million. Gemholic funds were blocked for more than a year due to a contract error. On June 7, zkSync completed an update to v24, which resolved the issue and allowed access to locked assets. After the update, Gemholic developers brought 921 ETH to the Ethereum network. Gemholic's X account has been deleted. The developers also cleaned up messages in Telegram. Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
Crypto custodian and trading company Bakkt is exploring a sale, according to Bloomberg. The final decision has not yet been made. InterContinental Exchang (NYSE's parent company) launched Bakkt in 2018. Later the company began to have financial problems. Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
▪️#BTC – $69 457 -2.3%. ▪️🔼 - #- , #- , #- , #- ▪️🔽 - #ALGO , #SAND , #WLD , #THETA ▪️BTC #dominance - 55.18%. ▪️ #Altseason index 24 ▪️Greed of #investors 45 Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
The Norwegian government has frozen and returned $5.7 million related to the Ronin hack. Sky Mavis said 15% of the funds will be used to cover expenses, with the remainder going into Axie Infinity's coffers. Ronin was hacked in March 2022 for $600 million. Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
Gary Gensler stated that the speed of launching Ethereum ETF now depends only on the issuer. Securities and Exchange Commission (SEC) Chairman Gary Gensler said the speed at which applications for a spot Ethereum ETF are approved depends entirely on issuers and how quickly they respond to the agency's comments. For many analysts, this response was a signal that the SEC would not intend to delay the launch process. On May 23, the SEC approved eight 19b-4 filings to launch ETFs, but they cannot begin trading without approval of the S-1 forms. Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
The supply in profit is calculated by summing the value of the token compared to its value at the time it appeared on the blockchain. The percentage of supply of top assets in profit is: Bitcoin: 98.3% Ethereum: 95.1% Chainlink: 86.8% Dogecoin: 82.2% XRP: 78.8% Cardano: 53.5% Our Social Networks : X.com Telegram Facebook Instagram Our Partner in advertise : Visit our New product where we discuss crypto world :
