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Bitcoin Whales Accumulate Over 40% of BTC Supply
On-chain data reveals that Bitcoin whales—addresses holding over 1,000 BTC—now control more than 40% of the total Bitcoin supply. According to market intelligence platform IntoTheBlock, these large holders have been steadily increasing their holdings since mid-March. Significant Influence on the Market Given their substantial holdings, these whales are influential entities within the Bitcoin network. Their …
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McDonald’s Singapore Introduces ‘My Happy Place’ Metaverse
McDonald’s Singapore has launched ‘My Happy Place,’ a unique metaverse experience designed in collaboration with Bandwagon Labs, the metaverse arm of entertainment media tech company Bandwagon. This virtual world allows users to build virtual burgers and engage in various interactive activities. Key Features and Technology Clarence Chan, Founder of Bandwagon Labs, emphasized three core aspects …
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Turkey Exempts Crypto and Stock Gains From Taxes to Boost Investment
Turkey’s Treasury and Finance Minister, Mehmet Simsek, has announced that the government will not impose taxes on profits derived from stocks and cryptocurrencies. This move is part of a broader strategy to stimulate investment and growth in the financial markets by removing the burden of direct taxation on these gains. Limited Transaction Tax Under Consideration …
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Ripple CEO Brad Garlinghouse Predicts Inevitable XRP ETF Approval
During a recent appearance on Fox Business, Ripple CEO Brad Garlinghouse emphasized the need for multiple altcoin exchange-traded funds (ETFs), highlighting investors’ desire for diversified exposure in the cryptocurrency market. Garlinghouse argued that just as investors seek exposure to various commodities like gold and silver, they similarly seek diversified exposure in digital assets. XRP’s Market …
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BNB Surges to Record High Above $700
The price of BNB, the native cryptocurrency of Binance exchange, has soared to a new all-time high, exceeding $700. This marks a significant milestone for the fourth-largest cryptocurrency by market value, witnessing an impressive 11% surge in the past 24 hours. Binance Launchpool Boosts Rally BNB’s recent rally can be largely attributed to the increasing …
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Bitcoin Poised for New All-Time High Next Week Amid Economic Shifts
Bitcoin is on the brink of reaching a new all-time high, potentially as soon as next week, according to a leading crypto researcher. This forecast follows a significant drop in U.S. job openings, the lowest in three years, suggesting a slowing economy. Markus Thielen, head of research at 10x Research, highlighted in a June 4 …
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Bitcoin NFTs Reach $4 Billion Milestone Amid Market Decline
Despite a significant drop in overall NFT sales, digital collectibles on the Bitcoin blockchain have achieved a significant milestone. According to NFT data tracker CryptoSlam, as of June 4, Bitcoin-based NFTs have reached a total all-time sales volume of over $4 billion. This figure includes $3.97 billion from regular NFT sales and $82 million from …
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Shibarium Community Warned of Fraudulent Tokens Amid SHIB Volatility
The Shibarium community is on high alert due to rising reports of fraudulent tokens falsely associating themselves with Shiba Inu developers. These bad actors are exploiting Shibarium’s decentralized platform to promote their deceptive schemes, posing significant risks to investors. Warning from Community Leaders DaVinci, a prominent figure in the Shibarium community, has issued a stern …
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Shiba Inu Community Warned Against Fraudulent SHIB Reward Schemes
ShibArmy Scam Alerts has issued a critical warning to the Shiba Inu community about the rise of fraudulent schemes promising SHIB rewards. The Shiba Inu team has clarified that no official SHIB rewards distribution is currently taking place. Beware of Scams As Shiba Inu’s popularity grows, so do the attempts by scammers to exploit the …
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Bearish Sentiment May Signal Next Bull Run for Dogecoin
Despite Dogecoin’s impressive 26% rise last month, surpassing Bitcoin’s 19% gain, investor sentiment remains surprisingly bearish. Ali Martinez, a renowned crypto analyst, noted that the current market sentiment for Dogecoin is as negative as it was in early February, just before DOGE skyrocketed by 200%. Understanding the Bearish Sentiment The bearish sentiment is derived from …
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XRP Eyes Potential Rally With Lowest RSI in History and Key Developments
Despite recent market fluctuations, Ripple’s XRP has remained relatively stable, trading between $0.51 and $0.54. Analysts are optimistic about a potential price increase, citing several factors that could drive this movement. One significant indicator is XRP’s historically low Relative Strength Index (RSI). RSI Signals Potential Bullish Trend The RSI, a momentum oscillator used in technical …
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Dogecoin and Shiba Inu Active Addresses Compared to Top Cryptos
Market intelligence platform IntoTheBlock recently shared an infographic revealing the daily active addresses for various top cryptocurrencies. An address is considered “active” when it participates in a transaction, indicating user engagement on the blockchain. Dogecoin vs. Shiba Inu The infographic highlights that Dogecoin (DOGE) has 56,980 daily active addresses, placing it in the middle of …
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Shiba Inu Sees Surge in Average Transaction Size
Shiba Inu (SHIB) has experienced significant growth in its average transaction size, suggesting increased involvement from major market players. Over the past seven days, the average transaction size for SHIB rose to $25,339, peaking at $42,860. This rise indicates that whales are becoming more active, which could lead to greater market volatility and significant price …
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Ripple (XRP) At $1,000 Inevitable: Why This Could Impact Solana, BONK, and RCO Finance Investors
Ripple (XRP) has been making significant strides recently, and experts predict that the cryptocurrency could soon reach $1,000. This development has significant implications for investors in cryptocurrencies such as RCO Finance (RCOF), Solana (SOL), and BONK. With many alternative cryptocurrencies emerging, Ripple (XRP)’s potential rise to $1,000 could shake up the existing hierarchy and attract …
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Ethereum May Hit New All-Time Highs Before Bitcoin, Says Analyst
Ethereum (ETH) might achieve new all-time highs before Bitcoin (BTC) reenters price discovery, according to Michaël van de Poppe, founder and CEO of trading firm MNTrading. In his latest market analysis, van de Poppe suggests that ETH/USD is likely to see significant upward movement, potentially outpacing Bitcoin. Spot ETFs Boosting Market Sentiment The crypto community …
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Bitcoin’s Correlation With Gold Rises but Remains Below 2022 Highs
Bitcoin (BTC) and gold have shown an increasing correlation over the past few months, according to data from Kaiko. This trend indicates a growing relationship between the two assets, although the current correlation remains significantly lower than its 2022 highs. Understanding Correlation Metrics Correlation measures how closely the prices of two assets move together. A …
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Dogecoin’s Anticipated Surge: the Under-the-Radar Tokens Primed to Benefit
The cryptocurrency market is abuzz with speculation as Dogecoin (DOGE), the once-dismissed meme coin, finds itself at the center of attention again. With influential figures like WIZZ predicting a potential surge to $1, Dogecoin’s price trajectory has piqued the interest of investors worldwide. But beyond Dogecoin, other tokens are lurking in the shadows, poised to …
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Whale Transfer Triggers 21% Drop in PEPE After All-Time High
Earlier today, an anonymous whale transferred a significant amount of PEPE meme coins to Binance, causing the asset’s price to drop. The whale moved approximately 660.7 billion PEPE coins, which pushed the price down by another 11% from its recent all-time high. Whale’s Profitable Move According to the analytics X account @lookonchain, the whale had …
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Ethereum Eyes $4,100 With Potential ETF News and Bullish Patterns
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, is on the brink of a significant price breakout. According to crypto analyst Jelle, ETH continues to follow the falling wedge pattern, suggesting a few more days of fluctuations before the next upward movement. Jelle anticipates that potential ETF news could drive ETH beyond $4,100, with …
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Shiba Inu Overtakes Cardano, Nears Dogecoin in Market Cap
Shiba Inu (SHIB) has made impressive advances, rising nine spots on the market capitalization rankings to become ninth. Now valued at $16.4 billion, SHIB saw its market value increase 9.2% last week – surpassing Cardano and placing just behind Dogecoin which holds onto eighth position. Profits and Performance for Price Holders. Following a recent price …
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Turn $10 to $500 On Binance: New Crypto Arbitrage Strategy - Earn $20 In Minutes!
A few days ago, a profitable method on CoinMarketCap was shared. There's always a profit to be made with the right strategies. Here’s a step-by-step guide to help maximize earnings using Cyber Coin on Binance.
Search Cyber Coin: Go to CoinMarketCap and look for Cyber Coin.
Market Comparison: Check the different exchanges selling Cyber. Notice the price differences.
Buy Low, Sell High: On Binance, buy Cyber with USDT at a lower price.
Sell on Binance: Sell Cyber on a different pair for a higher price. Example: Buy Cyber/USDT at $6.12 and sell Cyber/TRY at $6.29.
Conversion: Convert the Turkish Lira back to USDT.
Steps in Detail:
Open Binance: Ensure you have capital. Start with as little as $10, but more capital means more profit.
Buy Cyber: Buy Cyber/USDT. For example, $1,000 will give approximately 163.23 Cyber.
Sell Cyber: Sell Cyber for TRY. Note the amounts and set your sell limit higher than the current selling price.
Swap Back to USDT: Convert TRY back to USDT. Ensure the exchange rate is profitable.
Important Tips:
Speed Matters: Be quick to catch the price differences.
Monitor Prices: Profits can fluctuate. Always check current rates before trading.
Simulation: Always simulate trades to ensure profitability.
Stay tuned for more crypto insights! 👍 Generous contributions support the mission, enabling diligent work to provide the best investment advice. Tips are instrumental in enhancing efforts to serve better.
Disclaimer: This strategy involves risks. Ensure to understand the market dynamics before investing. Happy trading!
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