🐸 Pepe (PEPE) Leads the Meme Coin Market Pepe (PEPE), an E

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🔸 Binance Introduces TURBO with 50x Leverage Binance, one of the world’s leading cryptocurrency exchanges, has announced a new futures listing featuring 50x leverage for the TURBO coin. This development marks a significant milestone for traders aiming to maximize their investment potential in a highly volatile market. The introduction of this leveraged product comes as part of Binance’s strategy to offer diversified trading options and enhance market liquidity for altcoins. 🔸 What Does This Mean for Traders? The listing of TURBO in Binance’s futures market is expected to have a considerable impact on its price dynamics. Historically, such listings have influenced altcoin prices due to increased market access and liquidity. Although futures trading is viewed unfavorably by regulators in some regions, including Turkey, the effects on spot prices are noteworthy. 🔸 How Will This Affect TURBO Prices? Following Binance’s announcement, TURBO’s price surged from $0.0056 to over $0.0064, reflecting heightened investor interest. The listing, which offers leverage up to 50x, is set to commence today. The potential for significant volatility in the futures market could lead to extreme price fluctuations, prompting investors to exercise caution. With Bitcoin trading at $68,000, TURBO’s current price stands at $0.0064. 🔸 Key Considerations for Investors ● Investors should take into account the following actionable insights: ● Monitor the TURBO spot price closely for significant movements. ● Understand the risks associated with high leverage trading.Be prepared for increased market volatility following the listing. ● Consider diversifying investments to mitigate potential losses. ● Stay informed about regulatory perspectives on futures trading in your region. In conclusion, Binance’s introduction of 50x leverage for TURBO represents a substantial opportunity for traders but also comes with inherent risks. Diligent monitoring and strategic planning are essential for navigating this volatile market environment. $BNB #Binance #BNB

📈 Notcoin Jumps 35% as NOT Sets New All-Time High What's NOT to love? Notcoin, the play-to-earn Telegram cryptocurrency game, saw its token set a new all-time high of $0.01244 early Thursday morning. It's already retreated slightly, but the current Notcoin price of $0.01199 means it's comfortably 35% higher than it was this time yesterday and 129% higher than it was this time last week. Over the past day, NOT has seen $1.3 billion worth of trading volume—approximately 42% of it originating from the NOT/USDT trading pair on Binance. In fact, the Notcoin frenzy has been enough to make it the 7th most traded asset on Binance. In the past day, it's done more volume than any Solana, Dogecoin, or XRP trading pair, according to CoinGecko data. Two days ago, NOT had only just become a top 100 asset and reached a $1 billion market capitalization. But it's now climbed the charts to become the 81st largest asset and reached a $1.2 billion market cap, according to CoinGecko data. The team also bragged that NOT has 1.6 million onchain holders—more than meme coin darlings Shiba Inu, BONK, or Pepe. Telegram-based "social clicker" game Notcoin allows users to earn its in-game NOT token by clicking on a gold coin displayed on-screen, with additional rewards available for completing quests and making use of "boosts." On Thursday morning the project reminded its community that holders will have until June 16 to claim their earnings. The Notcoin team on Twitter that users earned more than 56 million NOT tokens, equal to roughly $700,000, in the past week. 💬 Don't forget to claim your Notcoin until June, 16 You can withdraw your Notcoin from Notcoin bot to your wallet. Those who staked are fine ofc. — Notcoin Ø May 30, 2024 Excitement for the Telegram game has been spurred along by the launch of "earning missions," which allow players to collect passive NOT token rewards. The missions usually require players to be active in partner project communities and their earnings are determined by a player's in-game level,. $NOT #NOT #Notcoin

📣 Ethereum ETFs Inch Closer Toward Launch as BlackRock Updates Filing Financial giant BlackRock late Wednesday amended its filing with the SEC for its proposed spot Ethereum exchange traded fund (ETF). The May 29 update for the iShares Ethereum Trust is the first tangible sign of progress toward the market availability of an ETH-based ETF since the bombshell approval of the new financial vehicle last week. “This is almost certainly the engagement we were looking for,” observed Bloomberg ETF analyst James Seyffart on Twitter. “Issuers and SEC are working towards spot Ethereum ETF launches.” His colleague Eric Balchunas concurred that it was a “good sign,” noting that the other applicants will likely follow suit. If the SEC promptly provides them with “one more round of fine-tune comments,” he said that there's a possibility spot Ethereum ETFs could debut next month. “End of June launch a legit possibility, [although] keeping my over/under date as July 4,” Balchunas tweeted. 💬 Good sign. Prob see rest roll in soon. Then prob one more round of fine-tune comments from Staff. End of June launch a legit possibility altho keeping my o/u date as July 4th — Eric Balchunas May 29, 2024 BlackRock first filed an S-1 form with the SEC for its product in November, following similar proposals from ARK Invest, Fidelity, and VanEck. Crypto custodian Grayscale is also in the mix, seeking to convert its Grayscale Ethereum Trust (ETHE) into a spot Ethereum ETF. A similar conversion is credited with paving the way for spot Bitcoin ETFs, which were approved in January and led to a surge in the price of BTC and bullish sentiment across the crypto sector. With spot Bitcoin ETFs now holding over one million Bitcoin, hopes are high that funds based on the second-largest cryptocurrency by market cap will similarly move markets upward. While attention turned immediately toward Ethereum in the wake of Bitcoin ETF approvals, prospects of ETH-based equivalents seemed to dim over the next few months. $ETH #ETH #ETF #BlackRock⁩

⭕️ Terra Luna Classic Community Rejects Burn Tax Increase Proposal The Terra Luna Classic community made a significant decision. This decision involved increasing the burn tax to 1.5% and was rejected. Community members expressed disapproval of repetitive proposals to change the burn tax, especially increasing it. 🔸 Terra Luna Classic Burn Proposal Rejected According to the information, proposal number 12105 to increase the burn tax was rejected by the Terra Luna Classic community. The proposal was criticized by most voters for lacking logic and being a “lazy effort.” It was noted that this was a text proposal and not a parameter change. Therefore, even if accepted, it would not have changed the tax. The proposal received only 21.35% “yes” votes. The Terra Luna Classic community cast 32% “no” votes and 38% “no with veto” votes, rejecting the vote to revise the burn tax. Validators also voted against the proposal due to the lack of data, complementary strategies, and volume projections to support the tax increase. Recently, the community decided to change the distribution of the LUNC burn tax to the oracle pool instead of rewards. This proposal reached 70% “yes” votes with the support of 37 validators. Following this, the Terra Classic burn tax was set at 0.5%. It was stated that 80% of this would be used for burning, while the remaining 20% would be split into 10% for the Community Pool and 10% for the Oracle Pool. 🔸 LUNC Price Movement The LUNC price continues to trade at $0.0001150 at the time of writing, following a 2% drop in the last 24 hours. The lowest and highest price values in the last 24 hours were $0.0001143 and $0.0001207, respectively. Additionally, there was a 31% increase in trading volume in the last 24 hours, indicating increased interest among traders. Meanwhile, the price of one of the former stablecoins, USTC, continues to move horizontally at $0.02269 following a 1% drop. The lowest and highest price levels for USTC in the last 24 hours were $0.02246 and $0.02377, respectively. $LUNC #LUNC

🤔 XRP Price Steadies Above Support: Gearing Up for a Breakout? ● XRP is struggling to start a fresh increase above the $0.5350 resistance zone. ● The price is now trading below $0.5320 and the 100-hourly Simple Moving Average. ● There is a key bearish trend line forming with resistance near $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). ● The pair could start a fresh increase unless the bears push the price below $0.5220. 🔸 XRP Price Holds Support XRP price again saw a bearish move and retested the $0.5220 support zone like Bitcoin and Ethereum. There was also a spike below the $0.5220 support zone, but the bulls were active. A low was formed at $0.5192 and the price is back above $0.5220. The price is now trading near the 23.6% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5192 low. It is now trading below $0.5320 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.5280 level. There is also a key bearish trend line forming with resistance near $0.5280 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.5300 or the 61.8% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5192 low. A close above the $0.5300 resistance zone could send the price higher. The next key resistance is near $0.540.If there is a close above the $0.540 resistance level, there could be a steady increase toward the $0.5450 resistance. Any more gains might send the price toward the $0.5650 resistance. 🔸 More Downsides? If XRP fails to clear the $0.5280 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5220 level. The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.50 support in the near term. $XRP #XRP

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