🚀Buckle up, Bitcoin enthusiasts! Dogecoin (DOGE), the largest meme coin, has experienced a 12% drop to $0.14 in a week. However, don't lose hope just yet! 🐕

Analysts are predicting a potential price surge based on technical patterns. Market analysis reveals DOGE has strong support at $0.115 and resistance at $0.16, with an RSI of 48 indicating it is neither overbought nor oversold.

CryptoJack, a notable figure in the crypto community, expects a substantial uptick once DOGE breaks out from a certain descending pattern. He's forecasting a 55% increase to as high as $0.22! 🚀

Trader Tardigrade is also speculating a bullish future for DOGE, suggesting it could follow a specific bullish parallel channel that could lead to a price surge of over $12.

Market intelligence platform IntoTheBlock suggests DOGE is positioned "above a significant on-chain support level," indicating a strong demand zone. However, DOGE may face resistance around the $0.16 level.

Altcoin Sherpa and KALEO have also forecasted a bright future for DOGE. KALEO even suggests that DOGE may outperform Bitcoin (BTC) due to the industry being in a "meme super cycle."

The RSI, an essential on-chain indicator, currently stands at 48, signaling a resurgence for the asset. So, keep your eyes on the prize, Bitcoin lovers. The future of DOGE looks promising! 🚀🌕

🚀BTC enthusiasts, get ready for some action! Today, we're seeing the expiry of around 20,000 Bitcoin options with a notional value of $1.35 billion. But don't fret, the market impact is expected to be minimal as this event is much smaller than previous weeks. 📉

However, keep your eyes peeled for June 28, when a whopping $6.7 billion in notional value derivatives are set to expire. Now that's a date to mark on your calendar! 📆

Today's BTC contracts have a put/call ratio of 0.49, meaning twice as many long (call) contracts are expiring as shorts (puts). The max pain point is at $68,500, a tad higher than current spot prices. This is where most losses could occur. 😬

But don't lose hope, bulls are still ruling the roost in BTC derivatives with almost $1 billion in open interest at the $100,000 strike price. The $75,000 and $80,000 strike prices are also seeing a lot of action with $723 million and $807 million respectively. 🐂

Despite the big macroeconomic data week in the U.S, the crypto market has underperformed, with mainstream coins and altcoins taking a hit. But remember, the crypto market is a rollercoaster ride, so buckle up! 🎢

In addition to Bitcoin, 200,000 Ethereum options expired today with a put/call of 0.36, a max pain point of $3,600, and a notional value of $710 million.

The total market capitalization has remained steady at $2.57 trillion over the past 24 hours. However, markets have been on a retreat with a 7.5% decline over the past ten days.

Bitcoin is currently hovering around $67,000 following a fall from around $69,500 earlier this week. Analysts are pointing at Bitcoin miner profit taking as a contributing factor to the declines.

So, will today's Bitcoin options expiry send markets lower? Only time will tell. Stay tuned! 🕰️

🚀🚀Buckle up, BTC enthusiasts! Ripple is in a legal tussle with the US Securities and Exchange Commission (SEC) over a proposed $2 billion penalty. The company thinks that's a bit steep, suggesting a $10 million fine instead. 🤔💰

The lawsuit, which has been dragging on for over three years, accuses Ripple and its executives of conducting an unregistered securities offering by selling its XRP token. The SEC's hefty fine proposal was met with resistance from Ripple's chief legal officer, Stuart Alderoty, who argued that the fine should not exceed $10 million. 🏛️👨‍⚖️

Ripple's lawyers are standing their ground, comparing the case with the one between the SEC and Terraform Labs. They argue that the SEC has previously agreed that civil penalties should range from 0.6% to 1.8% of the defendant’s gross revenue, and that Ripple's fine should follow suit. 🧐📚

Despite the ongoing trial, Ripple's CEO Brad Garlinghouse is optimistic, anticipating a resolution by summer 2024. Meanwhile, American lawyer Jeremy Hogan envisions a $100 million settlement. 🌞⏳

The lawsuit's outcome could have a significant impact on XRP's price, which has reacted positively after each of Ripple's partial court wins. So, keep your eyes peeled, folks! This legal rollercoaster ride is far from over! 🎢👀

📢 Hey there, Bitcoin enthusiasts! 🚀

The cryptocurrency market has been on a rollercoaster ride, with major cryptos trading around crucial levels. Bitcoin, our star player, is struggling to break past the $67K mark, trading at a 1% loss over the past 24 hours. 📉

Despite attempts to breach $68K, sellers have been keeping the price in check. The market's choppy waters have resulted in the liquidation of around $110 million worth of leveraged positions, with Bitcoin accounting for nearly $30 million. 😲

Meanwhile, the altcoin market isn't faring much better. Top 100 cryptos are struggling to chart gains, with Solana down 2.6%, XRP down 1.5%, and Polkadot testing the crucial $6.5 level. Ethereum and Binance Coin are trading mostly flat. 🔄

As for the meme coins, they've had a mixed bag of results. DOGE, SHIB, PEPE, WIF, and FLOKI are all in the red, while Book of Meme (BOME) exploded by 10% following Coinbase's announcement of support. 🎉

Stay tuned, Bitcoiners! The market may be in a bit of a slump, but remember, every dip is a potential opportunity. Let's keep our eyes on the prize! 🏆💰💪

🎉Hello, BTC enthusiasts!🎉 We've got some news from the stablecoin world. Paxos, a leading stablecoin issuer, has reportedly downsized its workforce by 20%, letting go of 65 employees, according to Bloomberg. But wait, there's a twist! 🌀

CEO Charles Cascarilla says this move is strategic, allowing Paxos to seize future opportunities in tokenization and stablecoin sectors. Some services will be phased out to focus on these areas. 🎯

The affected employees aren't left high and dry though. They're being offered three months of subsidized health insurance, 13 weeks of severance pay, and a two-year extension to exercise vested options. 💼💰

Despite the layoffs, Paxos is in a strong financial position, boasting more than $500 million on its balance sheet. This begs the question - why the layoffs? 🤔

In other news, Paxos' UAE arm has launched a new yield-bearing stablecoin, the Lift Dollar (USDL). This coin is designed to pay daily yield generated from its reserves to eligible wallet addresses. 🚀

So, while it's a tough day for some, Paxos seems to be positioning itself for a bright future in the world of stablecoins and tokenization. Stay tuned for more updates! 🌞🌈

📢📢 Heads up, BTC enthusiasts! UwU Lend protocol, still recovering from a $19.3 million hack on June 10, has been hit again! This time, a whopping $3.7 million has been swiped. 😱

Cyvers, an on-chain data analytics platform, was the first to raise the alarm. The culprits? Seemingly the same bad actors from the June 10 incident. 🕵️‍♂️

The stolen funds, sourced from various asset pools, have already been converted into Ethereum and transferred to the attacker’s address. 🚨

But don't panic just yet! 🚫🔥 Following the initial breach, the UwU Lend team took immediate measures to limit the damage. The protocol was temporarily paused while investigations were conducted into the vulnerabilities exploited by the hackers.

In an update on June 12, the UwU team disclosed that they had identified the specific vulnerability related to the sUSDe market oracle and claimed to have resolved it. 🛠️

They've also assured users that no funds have been permanently lost during the incident. Phew! 😅

UwU has been working hard to reimburse its users, with a total of $9,715,288 returned to affected users so far. 👏👏

UwU Lend, a fork of the open-source AAVE v2 protocol, offers its users various decentralized finance services such as lending, borrowing, and staking. One of its unique features includes a revenue-sharing token called UwU. 💰

Stay tuned for more updates, folks! 🚀🌕

🚀Hey, BTC enthusiasts! In a surprising twist, President Joe Biden's reelection campaign is reportedly considering accepting crypto donations via Coinbase. 🤔This comes in response to rival candidate Donald Trump's endorsement of the industry and acceptance of crypto donations.

🔍Sources say Biden's team is keen to show they're not the enemy of the crypto world. But, wait a minute! 🤨Isn't it the same Biden administration that sued Coinbase for offering unregistered securities?

🎭The irony has the crypto community in stitches. Dan Gambardello, founder of Crypto Capital Venture, commented, "So, they're scrambling to set up crypto donations through Coinbase?" Meanwhile, Ethereum educator Anthony Sassano called it a "Clown world".

🎪Nic Carter, partner at Castle Island Ventures, listed all the actions the Biden administration has taken against crypto, then asked, "And they have the absolute temerity to think we're gonna donate crypto to the campaign?"

🥊On the other side, Donald Trump is strengthening his ties to the industry, using it as leverage over his anti-crypto rival. He declared, "We want all the remaining Bitcoin to be made in the USA."

🎭Indeed, it's a 'Clown World' out there! Stay tuned for more updates on this crypto rollercoaster ride! 🎢

🚀 Buckle up, Bitcoin enthusiasts! MicroStrategy, a business intelligence firm and long-time Bitcoin holder, is set to offer $500 million worth of convertible senior notes due 2032. 🎉

The exciting part? The proceeds from this initiative will be used to purchase even more Bitcoin! 🎯 The NASDAQ-listed company also plans to grant initial buyers of the notes an option to purchase up to an additional $75 million within 13 days of issuance.

These notes will be unsecured senior obligations of the company, accruing interest payable semi-annually, starting from December 15th, 2024. They will mature on June 15th, 2032, unless they are repurchased, redeemed, or converted earlier.

From June 20, 2029, MicroStrategy can redeem all or part of the notes for cash, provided that at least $75 million in principal amount of notes remains outstanding. Holders can require MicroStrategy to repurchase any portion of their notes for cash on June 15, 2029.

The notes can be converted to cash, MicroStrategy class A common stock, or a combination of both at the company’s discretion. Until December 15, 2031, the notes will be convertible only upon the occurrence of certain events and during certain periods.

MicroStrategy is making waves in the Bitcoin world, and it's clear they're not slowing down! 🚀🌕

🚀📈 Bitcoin enthusiasts, buckle up! The U.S. Federal Reserve's decision to keep the benchmark federal rate steady at 5.25% to 5.50% could spark some short-term price fluctuations for our beloved BTC, according to Bitfinex analysts. But don't fret, the overall trajectory may stay positive, especially if the broader economic conditions continue to strengthen. 💪💰

Historically, Bitcoin has reached local peaks around the release of the Consumer Price Index (CPI) data, indicating potential volatility. But the world's largest digital asset might stabilize near current levels or even see modest increases, buoyed by investor optimism about future rate cuts expected later this year. 📊🎢

The Fed's rate decision could also bring stability to ETF flows, with spot Bitcoin ETFs potentially experiencing steady inflows. The introduction of spot Ether ETFs could attract significant interest, paving the way for diversified investments across both Bitcoin and Ethereum ETFs. 📈🌐

Bitcoin recently soared above $69,000 following the release of the CPI data, and despite a subsequent correction bringing it near $67,000, the retail crowd on Binance continues to hold net long positions on Bitcoin, anticipating a rebound. So, keep those HODL vibes strong, BTC fans! 🚀🌕

🚀 Buckle up, Bitcoin enthusiasts! While Ethereum (ETH) has seen a dip to around $3,500 recently, don't let that fool you. Analysts are predicting potential new all-time highs due to some very positive technical indicators. 📈

Metrics like a negative exchange netflow and a low RSI are hinting at reduced selling pressure and a possible price recovery. 🎉

Crypto gurus Wolf and Jelle are among those forecasting sunny days ahead for ETH. Wolf has presented a price chart showing ETH's bullish path since the beginning of 2024, predicting enhanced volatility and a bull run that could see ETH soaring over $5,000. 🚀

Jelle, on the other hand, believes ETH's valuation could reach fresh peaks once it surpasses the $3,700 zone, having "successfully retested the 50-day EMA." 🌞

Major indicators like Ethereum's exchange netflow and Relative Strength Index (RSI) also suggest an ETH price revival might be on the horizon. 🌅

So, while the crypto market may be a rollercoaster ride, the future looks bright for ETH. Keep your eyes on the prize, BTC lovers! 🏆👀

🎉Hey BTC enthusiasts! 🎉 Spot Bitcoin ETFs started this week on a low note, ending their longest inflow streak on Monday. But don't fret! The tide turned again, possibly due to the encouraging US CPI numbers released yesterday. 📈

Last Friday, CryptoPotato reported that these financial vehicles had their 19th consecutive day of positive flows, a record since their inception in mid-January 2024. But Monday and Tuesday saw outflows of $64.9 million and $200.4 million respectively. 😮

This shift might be due to uncertainties in the US and significant economic developments like the CPI and the recent FOMC meeting. But once the Consumer and Price Index data for May came out, slightly better than expected, the trend flipped again. 🔄

BTC's price shot up by a whopping two grand, touching $70,000! 💰 Investors returned to the spot Bitcoin ETF scene, pouring in $100.8 million. The FOMC meeting went as expected, with the US central bank deciding not to change interest rates this cycle, unlike the ECB.

However, Bitcoin's price reacted with a sudden drop, driving it down by three grand. Currently, BTC stands at just over $67,500. This increased volatility has resulted in more than $200 million in liquidations over the past 24 hours. 📉

Stay tuned for more updates on this rollercoaster ride! 🎢🚀

🚀🚀 Buckle up, BTC enthusiasts! Coinbase, a popular crypto exchange, witnessed a whopping Ethereum outflow of over 336,000 ETH, valued at more than $1 billion on June 12th. This is the fifth time in 2024 that over 150,000 ETH has been withdrawn in a single day! 🤯

Who's behind this massive fund transfer, you ask? 🤔 Well, it's still a mystery. But, according to CryptoQuant, these transactions ranging from $400 million to $1.1 billion are likely not the work of individual investors. We're probably looking at crypto whales or unidentified institutions here. 🐋

Now, here's the exciting part! 🎉 If these aren't just internal shuffles within the exchange, it could hint at a super positive long-term outlook for ETH, the world's largest altcoin. Similar activities were noticed on Coinbase before the trading of spot Bitcoin ETFs began, suggesting that this $1.17 billion withdrawal could be influenced by anticipation of a rise in Ether prices with the introduction of spot Ethereum ETFs. 📈

Speaking of Ethereum ETFs, they've been in the spotlight lately. 🌟 With the SEC's approval, ETH-based investment products saw a substantial rebound last week, attracting $200 million in inflows. A K33 report suggests that spot Ethereum ETFs could potentially bring in about $4 billion in inflows within the first five months of their launch. Wow! 😮

And here's the cherry on top: K33 also hinted that Ethereum might experience a similar boost as Bitcoin did when spot Bitcoin ETFs sparked a more than 60% rally in its price. So, Ethereum ETFs could potentially help the altcoin outperform Bitcoin. Stay tuned for more updates! 🚀🌕

🚀🚀Crypto enthusiasts, buckle up! Terraform Labs has agreed to cough up a whopping $4.47 billion to settle a lawsuit with the Securities and Exchange Commission (SEC). The SEC had accused Terraform and its co-founder, Do Kwon, of fraudulent activities related to the now-defunct Terra blockchain. 💥💥

The SEC believes the hefty penalty reflects the "magnitude of this fraud" and will enable a "meaningful and speedy recovery" for the investors who lost billions. The settlement includes $3.6 billion in disgorgement, $466 million in prejudgment interest, and a $420 million civil penalty. Kwon himself has agreed to pay nearly all penalties, including $204 million that will go directly to the Terraform Labs bankruptcy estate to help the harmed investors. 🙌🙌

The SEC had charged Terraform and Kwon with securities fraud in 2023, relating to the Terra blockchain's unstable design, which led to a mind-boggling $44 billion blowup across its LUNA and UST tokens. 📉📉

If accepted, this will be the largest settlement in a crypto fraud case to date, even surpassing Binance's $4.3 billion settlement with the Justice Department in November. However, some are doubtful that Terraform or Kwon actually have the funds to pay the charges. CryptoQuant CEO Ki Young Ju commented, "$4.47B cash-out is impossible, even with a $40B market cap." 🤔🤔

So, while this is a significant development in the crypto world, it's a stark reminder for all BTC enthusiasts to tread carefully in the volatile crypto market. Stay tuned for more updates! 🚀🚀

📣Hey BTC enthusiasts!🚀 Let's take a break from our beloved Bitcoin and turn our eyes to ENA, the native token of Ethena. It's been a wild ride for ENA, with prices plunging to a low of $0.73, the weakest since May 20th. 😱

The biggest ENA staker, who had a whopping 23.24 million ENA, worth around $17.3 million, unstaked their entire holding and sold 19.36 million ENA at a significant loss. Ouch! 😖

This investor initially withdrew the ENA from Binance between April 5 and April 10, when the token was trading at around $1.29. But after the recent sell-off, they're left with only 3.88 million ENA, worth $2.74 million. That's a loss of more than $13 million! 📉

Despite this, ENA hasn't managed a significant rebound, even though its ecosystem is growing. The TVL locked in the Ethena project has been on an upward trend, reaching a staggering $3.44 billion as of June 12th. 📈

The Ethena ecosystem's USDe stablecoin has also seen impressive growth since its public launch. In the first week alone, its supply reached $400 million before eventually surpassing $2 billion barely two months later. 🚀

However, this meteoric rise has raised concerns, especially considering the collapse of the ill-fated algorithmic stablecoin, Terra’s UST. Stay tuned for more updates! 🌐

🚀📈 Bitcoin enthusiasts, we've got some exciting news! The Turkish lira (TRY) has hit an all-time high in crypto volume market share, rallying past the euro to become the third largest fiat currency by volume! 🎉

According to Kaiko, a crypto research platform, the surge to a whopping 19% market share in early June was driven by high inflation in Turkey, which has surpassed 70%. This makes the TRY one of the worst-performing fiat currencies worldwide. 😲

But here's the kicker: the devaluation of TRY has caused Bitcoin (BTC) to hit new all-time highs against the currency in the past few months. In October 2023, BTC was worth $34,000, but against the lira, it rallied to 979,000 TRY. By February, BTC surged to 1.6 million TRY as the asset rallied above $50,000 on high demand from U.S. investment products. 🚀💰

Fast forward to March, BTC hit another all-time high against the lira, surging above 2.3 million TRY. At the time of writing, BTC had declined slightly to 2.24 million TRY.

Kaiko also revealed that Binance’s recent loss of banking partners, leading to the delisting of GBP and the Australian dollar trading pairs, has boosted the share of TRY in overall fiat trade volumes.

So, keep your eyes on the prize, BTC lovers! The future is looking bright! 🌞🚀

🚀 Bitcoin (BTC) and the crypto market are buzzing! Following the release of the latest US Consumer Price Index (CPI) data, BTC and Ethereum (ETH) posted gains of 3.4% and 2.43% respectively in the last 24 hours. 📈 BTC is hovering around $70,000 and ETH is struggling to surpass $4,000.

👀 The market's mood is shifting, particularly among retail traders on Binance. According to Hyblock, 70.25% of Binance accounts hold net long positions on Bitcoin, a significant jump from 57% just 24 hours ago. This suggests that retail investors are trying to "buy the bottom," indicating a strong belief in a potential rebound. 💪

However, this bullish behavior comes amidst ETF outflows, signaling investor caution. Grayscale's GBTC experienced the largest net outflows of $121 million, followed by ARK Invest's ARKB and Bitwise's BITB with outflows of $65.5 million and $11.7 million respectively.

🔮 Lower inflation figures are expected to further boost the crypto market. The CPI remained essentially unchanged in May, surpassing the estimated 0.1% increase and declining from April's 0.3%. Annually, CPI increased by 3.3%, slightly below predictions and April's 3.4%.

🧠 IREN board member Mike Alfred describes Bitcoin as a "highly intelligent global macro asset" that potentially anticipates and incorporates major economic factors well before their release.

So, keep your eyes peeled for the upcoming Federal Open Market Committee (FOMC) meeting! 🎉

🚀🚀 Bitcoin enthusiasts, buckle up! A long-dormant Bitcoin whale has just woken up from a 5.5-year slumber, transferring a whopping 8,000 BTC (valued at $536.5 million) from Coinbase cold storage! 🐳💰

This is not a one-off event, folks! We're seeing a trend of long-term dormant Bitcoin wallets springing back to life. This usually happens when investors and old miners decide to sell their assets for profits. 💼💸

This particular wallet, which had been inactive for over five years, transferred its massive stash on June 11. The Bitcoin was then moved to a Binance Deposit address, with a transaction fee of just $108. 🔄💼

Here's a fun fact: this wallet had been receiving funds in small chunks of 200 BTC between October and December 2018. With Bitcoin now priced at over $67,409, this transfer represents a +1,700% increase in value from the average acquisition price of $3,750 in 2018. Talk about a good investment! 📈💰

But wait, there's more! This isn't the first time a long-term dormant Bitcoin address has woken up. Back in April, a decade-long dormant Bitcoin whale moved about 246 BTC, selling at over 230,000% return on investment. 🚀🐳

Old miners are also joining the party, with one miner's wallet, dormant for over 14 years, recently moving about 2,000 BTC received as mining rewards in 2010. The value of this stash had surged from a few hundred dollars to $140 million! 🎉💰

On average, one dormant wallet has been waking up every month. A recent report indicated that about 1.8 million Bitcoin addresses have remained inactive for over a decade. Some may be lost forever due to forgotten passphrases. But who knows, maybe your long-lost Bitcoin wallet could be next! 🎁🔑

📣Hey BTC enthusiasts! Here's a quick update for you. Binance, the popular crypto exchange, is making some changes! 🔄 They're stopping support for a few pairs, including ALPACA/BTC and QUICK/BTC, starting June 14. 📅 So, if you're using trading bots for these pairs, it's time to adjust them to avoid any losses. 😱

In other news, Binance has added IO.NET (IO) to several services and introduced new contracts for Binance Futures Copy Trading. 🎉 But remember, always do your own research before jumping into copy trading. 🧐

Interestingly, some cryptos like NFP, MDX, and XAI saw a slight dip after the announcement. 📉 But hey, that's crypto for you! Always full of surprises. 🎢

And remember, when Binance stops all services for a digital asset, it usually leads to a price drop. Just like when Monero (XMR) fell by over 20% after Binance withdrew its support. 😬

So, keep your eyes peeled for more updates and happy trading! 🚀🌕

🚀Hey there, BTC enthusiasts!🚀 Let's take a quick peek at Polkadot's recent market performance. After a significant 17% drop, Polkadot's price has nestled near the $6 support zone, aligning with its previous major swing low. 📉 This area is buzzing with demand, and the bearish momentum has fizzled out upon hitting this mark. 🐻

The crypto is now in a phase of slight fluctuations with minimal volatility, signaling a tug-of-war between buyers and sellers. This could mean that demand might outpace supply in the short term, leading to a temporary sideways price movement. 🔄

On the 4-hour chart, Polkadot's price faced hefty selling pressure after breaking the lower boundary of a multi-month ascending wedge pattern. However, upon hitting the crucial $6 support region, buying pressure surged, causing slight sideways movements. 📊

Currently, the price is forming a symmetrical triangle pattern, hinting at unclear momentum. As the price nears the narrowest range of the pattern, a breakout in either direction could determine the next short-term move. A breakout above this pattern could potentially trigger a bullish retracement toward the $6.7 mark. 📈

Lastly, Polkadot's open interest, a key metric for assessing futures market sentiment, recently peaked, indicating an overheated futures market. However, following the recent plunge, a long-liquidation event occurred, resulting in a significant decline. Despite Polkadot's downtrend, the open interest metric has followed a similar path, suggesting a cooling off within the futures market. This could prime the market for the resurgence of either long or short positions, potentially sparking a fresh and decisive market movement in either direction. 🎯

Stay tuned, crypto fans! 🚀

🚀🎉 Get ready, BTC enthusiasts! Donald Trump is going all in for Bitcoin mining, not just in the US, but globally! 🌍

In a recent meeting with key industry players, Trump expressed his ambition for all remaining Bitcoin to be mined in the US, a move he believes will boost the country's energy dominance. 💪🇺🇸

Representatives from major Bitcoin mining companies such as Marathon Digital, CleanSpark, and Riot Platforms were present. Trump stated on Truth Social, "Bitcoin mining may be our last line of defense against a CBDC. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT.” 🏭💡

Trump's goal? To increase the US share of Bitcoin's network hash rate, currently at 38%. China and Canada trail behind at 21% and 6.5% respectively. 📈

The crypto industry is seeking to sway US politicians as it faces increased regulatory scrutiny. Trump is leveraging this, using crypto as a tool against the Biden administration. He's promised that Bitcoin will prosper in the US under his leadership, vowing to protect the rights of crypto holders and opposing the creation of a central bank digital currency (CBDC). 🛡️💰

Latest polls show Trump leading Biden by a slim margin. The race is on, and Bitcoin is in the spotlight! 🏁🔦 Stay tuned, crypto fans! 🎉🚀