🎯🎯🎯 Bitcoin Price Predictions by AI based on last 13 years price action data: 🔥🔥🔥

Short-term (by end of 2023): 🤏
- Bitcoin to rise from $30,000 to $40,000.
- Factors: Institutional accumulation, positive ecosystem developments, limited downside.

Short-term (early 2024): 🔼
- Bitcoin to reach $50,000-$60,000 pre-halving in April 2024.
- Factors: Halving anticipation, retail investor demand, potential short squeeze.

Medium-term (around 2025): 👀🐮
- Bitcoin ATH $100,000-$150,000.
- Factors: Institutional adoption rising, new products and services development, supportive regulatory clarity, Bitcoin's scarcity, macroeconomic turmoil hedging.

Long-term (post-ATH, possibly end of 2025): 🐻
- Bitcoin to consolidate around $40,000-$50,000.
- Factors: Profit-taking by some investors, increased miner selling, cautious investor attitude.

What you think, let me know in the comments... 🔥🔥😍😍😍

**Remember, this is a prediction and not financial advice. Actual Bitcoin prices may vary due to various factors.

$BTC #CryptoTalks #crypto #BinanceSquare #BinanceTournament

🐕🐾🔥 Shiba Inu: $100 to $1.6 Billions

If you had invested $100 in Shiba Inu at its first opening price and sold it at its all-time high, you would have made over $1.6 billion.👀👀👀

Shiba Inu was launched in August 2020 with an initial price of $0.000000000056. If you had invested $100 at that time, you would have purchased 1.8 trillion #SHIB tokens.
The price of SHIB reached its all-time high of $0.00008845 in October 2021. If you had sold your SHIB tokens at this time, you would have made over $1.6 billion.🚀🚀🚀

This is a staggering return on investment, and it is a testament to the volatility of the cryptocurrency market. However, it is important to note that past performance is not indicative of future results. It is also important to remember that investing in #cryptocurrency is a risky investment, and you should only invest money that you can afford to lose.🔥🔥🔥

Here is a table that summarizes your investment:🐮🐮🐮

Investment Purchase price Sale price Profit
$100 in SHIB $0.000000000056 $0.00008845 $1.6 billion

Please note that this is a hypothetical calculation, and it is not guaranteed that you would have made this much profit if you had actually invested in $SHIB

#crypto #BinanceSquare #TrendingTopic

#tether Has Blacklisted an Address Containing $3.5 Million in USDT!

Key Points:

- Tether Blacklists Address Holding 3.5 Million USDT: Tether has blacklisted the Ethereum address 0x15E0Ce2b1a09fA1dED1a7729B0B568Ac67F4cdf7, which holds 3.5 million USDT, as reported by blockchain security firm PeckShield.

- Inability to Transact: The blacklisted address can no longer move or transact its USDT, raising serious concerns about the legitimacy of the funds.

- Commitment to Security & Compliance: This action underscores Tether’s commitment to combating illicit activities & highlights the importance of blockchain security & regulatory compliance.

Tether, the issuer of the USDT stablecoin, has blacklisted an Ethereum address holding 3.5 million USDT. This address, 0x15E0Ce2b1a09fA1dED1a7729B0B568Ac67F4cdf7, is now incapable of transacting or moving the funds it holds.

Tether frequently exercises its authority to freeze addresses linked to suspicious activities, fraud, or regulatory issues. This latest action, reported by blockchain security firm PeckShield, underscores Tether's ongoing efforts to maintain the integrity of its ecosystem & comply with regulatory standards.

PeckShield, which has been monitoring the situation, quickly identified & reported the blacklisted address. The address had previously been flagged for unusual activities, likely prompting Tether’s decisive action.

Significant USDT Freeze Raises Concerns

- Freezing such a substantial amount of USDT is uncommon & signals serious concerns about the legitimacy of the funds. This measure effectively prevents any further transactions or transfers from the blacklisted address & is part of Tether's strategy to combat illicit activities & ensure compliance with international financial regulations.

- For the holders of the blacklisted address, this action means a total loss of access to their USDT holdings. For the broader #cryptocurrency community, it serves as a reminder of Tether’s centralized control over its #stablecoin & the responsibilities that come with holding such assets.

Source - coincu.com

💥💥💥 #shibaInu ’s Trading Activity Spikes: Key Insights and Future Prospects

Shiba Inu (SHIB) has shown strong momentum, breaking resistance levels and initiating an upward trend. Currently trading at $0.00002757, SHIB has appreciated significantly, increasing its market capitalization by 15.96% to $16.89 billion. The 24-hour trading volume has surged by 94.86% to $1.97 billion.

Starting from a low of $0.00002472, SHIB's price has trended upward with minor fluctuations, establishing this low point as a crucial support level. The price movement today has broken through several minor resistance points, highlighting strong buying pressure. However, the peak price of $0.00003000 presents a key resistance level $SHIB is currently facing.

The confirmed support level at $0.00002472 is essential for future upward movements, while breaking the $0.00003000 resistance will be crucial for sustained gains. This resistance level is the highest SHIB has ever reached and poses a significant challenge.

Coinglass data reveals a 120.36% increase in trading volume this week, reaching $541.18 million. Open interest for SHIB futures contracts rose by 10.95% to $121.66 million. Despite a long/short ratio of 0.9654, indicating a dominance of short positions, overall trading activity remains strong.

Technical indicators show the 1-day stochastic RSI trading above the signal line at 90.79, indicating an overbought market and potential near-term price correction. However, the 1-day MACD above the signal line suggests short-term bullish momentum. The 1-day ADX at 15.42 indicates a lack of a strong trend, suggesting a period of consolidation or market uncertainty.

According to Changelly blog data, #cryptocurrency experts expect SHIB's price in June 2024 to range between $0.0000288 and $0.0000382, with an average value around $0.0000355.

Source - coinedition.com

#CryptoTrends2024 #BinanceSquareTalks

💥💥💥 5 things #Ethereum #ETFs could mean for #altcoins

Ethereum's ETH ETF Surge

- ETH experienced a sudden surge after reports suggested progress in spot Ether ETF applications, defying expectations of SEC rejection. Analysts raised approval odds to 75%, propelling ETH past $3,800, surpassing support levels by 20%.

Implications

- The surge highlights the ETF's potential impact on DeFi, surpassing Bitcoin ETF significance. Layer-2 solutions like Optimism and DeFi projects like Uniswap stand to benefit, emphasizing Ethereum's regulatory clarity and EVM compatibility.

DeFi Adoption Boost

- An ETH ETF could drive mainstream DeFi adoption, benefiting decentralized exchanges and lending protocols, attracting more users to the space.

Challenges for Competitors

- Competitors like Solana may struggle post-ETF approval, as Ethereum solidifies its DeFi leadership, posing challenges for "Ethereum killers."

Positive Outlook for Ethereum

- The ETF approval is expected to spur innovations like zero-knowledge proofs and real-world asset tokenization on Ethereum.

Investment Caution

- Investors should avoid impulsive decisions driven by FOMO, expecting short-term volatility post-rally. Adherence to "buy the rumor, sell the news" is advised.

Conclusion

The ETF approval marks a milestone for Ethereum and DeFi, reshaping the market landscape and requiring careful investment strategies.

Source - cointelegraph.com

#CryptoTrends2024 #BinanceSquareTalks

🔥🔥🔥 XRP to $100 to $300: Here are Possible Timelines

XRP continues to struggle against bearish pressure, down 14% for the year while other assets surge. This underperformance is often linked to Ripple's periodic sales of XRP and the ongoing SEC lawsuit, though these claims remain speculative.

#ripple CTO David Schwartz refutes the notion that Ripple's sales are suppressing XRP's price. Despite ongoing debate, some analysts predict XRP could replicate its 2017 price run, soaring 48,823% after a slow start.

Analysts like EGRAG and CryptoBull set ambitious targets for XRP, foreseeing prices reaching $27 and $154 respectively during a potential surge.

While some dismiss these projections, others anticipate an eventual uptrend, albeit possibly falling short of these targets. Various entities project timelines for XRP to hit $100 to $300, with Changelly analysts expecting it by April 2040, while Telegaon predicts a longer timeline, foreseeing $100 by 2050.

CoinCodex is more pessimistic, suggesting XRP will continue to underperform, with a peak of $2.45 in 2029 and $1.7 in 2030, not surpassing its ATH of $3.84 for the next 16 years.

Analysts like Javon Marks and Block Bull have offered bullish predictions, with XRP potentially reaching $200 to $250 by 2025, while EGRAG suggests a target of $220.

Currently trading at $0.5296, XRP faces uncertain prospects amidst market fluctuations.

Source - thecryptobasic.com

#CryptoTrends2024 #BinanceSquareTalks #cryptocurrency

🔥🔥🔥 Can #cardano ($ADA ) Bounce Back? A Closer Look at Its Recovery Potential

Cardano (ADA) retraced its gains and tested the $0.4520 support level, with a need to maintain above $0.450 to resume upward movement.

ADA struggles to surpass the $0.4750 zone, trading below $0.460 and the 100-hourly simple moving average. Despite this, it broke a bearish trend line with resistance at $0.4570 on the hourly chart of ADA/USD from Kraken.

For bullish momentum, ADA must close above $0.4620. Conversely, failure to breach this resistance could lead to further downside.

Following a failure to clear the $0.4750 resistance, ADA dipped below $0.4620 and tested key support at $0.4520, forming a low at $0.4516. The price is consolidating losses, with a minor recovery above $0.4550. Immediate resistance lies near $0.4620, followed by $0.4750. Failure to breach $0.4620 may lead to further losses, with support at $0.4520 and $0.4460, followed by $0.4320 and $0.420. Technical indicators show MACD losing momentum in the bearish zone and RSI below 50.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks #cryptocurrency

🔥🔥🔥 Why #bitcoin Price Is Down Today?

Bitcoin Price Drops Amid Mt. Gox #Wallet Movements & Market Factors

Bitcoin experienced a pullback today following reports of Mt. Gox moving a substantial amount of BTC to an unknown wallet, which triggered a broader market selloff. Despite Mt. Gox later denying the sale of $10 billion worth of Bitcoin & Bitcoin Cash for creditor repayments, the market did not recover.

Reasons Behind Bitcoin's Decline

Mt. Gox Trustee Movements:

- Mark Karpeles, former CEO of Mt. Gox, clarified that the trustee was merely preparing for distribution later this year, not selling bitcoins.

- Nonetheless, significant $BTC movements led to a decrease in BTC held by large wallets (1K-10K and 10K-100K BTC), dampening market sentiment.

Market Factors:

- Support Level: Bitcoin remains above the critical support level of $66K.

- US PCE Inflation Data: Traders are wary of upcoming inflation data.

- Crypto Market Expiry: The expiry of $4.66 billion worth of BTC options on May 31, with a put-call ratio of 0.57 & a max pain point of $65,000, suggests potential for further selloffs.

- Implied Volatility: Significant declines in implied volatility across major terms indicate potential for more volatile price movements.

Crypto Liquidations

- In the last 24 hours, the crypto market saw $170 million in liquidations, according to CoinGlass data.

- #Ethereum (ETH) led in liquidation amounts, surpassing Bitcoin’s $25 million in long position liquidations.

- The largest single liquidation order on Binance involved ETHUSDT valued at $4.92 million.

Current Bitcoin Price & Market Activity

- Price Movement: BTC price dropped over 3% in the past 24 hours, currently trading near $68,243. The 24-hour low & high are $67,227 and $70,479, respectively.

- Trading Volume: Increased by over 25%, indicating cautious interest among traders.

Despite reassurances from Mt. Gox, concerns about large BTC movements, inflation data, & upcoming options expiry contribute to Bitcoin's current downward trend.

Source - coingape.com

#cryptocurrency #BinanceSquareBTC

Humanity Protocol is building a secure, private #Web3 identity system with zk-proofs and palm scans: An interview with founder Terence Kwok

Palm Recognition for Digital Identity: Secure and Private
Humanity Protocol uses palm biometrics and zk-proofs to create secure, private digital identities. Founder Terence Kwok discusses their approach to balancing security and privacy.

Benefits of Palm Recognition

- Palm recognition provides stable vein patterns that are more secure and user-friendly than fingerprints or facial recognition. Unlike iris scans, palm prints can be easily captured with mobile devices.

Managing Palm Print Variations

Advanced algorithms handle dirt, minor injuries, and aging, ensuring consistent identification through stable vein patterns.

User Control and Data Security

- Data Handling: Palm images are stored across multiple nodes and can be deleted by users at any time.

- Privacy Measures: Decentralized storage and zero-knowledge proofs ensure user control and prevent unauthorized access.

- User Feedback: Positive responses highlight ease of use and preference over iris scans.

- Regulatory Compliance: Humanity Protocol collaborates with regulators to ensure data protection compliance.

zk-Proofs for Privacy

- Verification: Zk-proofs verify identity attributes without revealing personal data, enhancing security and blockchain scalability.

- Digital Identity Future: Zk-proofs provide secure, fragmented data storage, reducing breach risks and requiring updated regulations.

- Scalability: The zkEVM Layer 2 chain with zk-rollups efficiently manages a growing user base.

Broader Applications

- Finance and Healthcare: Palm recognition improves security, reduces fraud, streamlines KYC processes, and ensures precise patient identification.

- Real-World Use Cases: Users can verify financial capability or learning disabilities discreetly.

Conclusion

Humanity Protocol’s palm recognition technology offers a secure, private, and accessible solution for digital identity verification with wide-ranging applications.

Source - cryptobriefing.com

👉👉👉 Second #sei Airdrop Will Distribute 27.4 Million SEI To Active Users

Key Points:

- The Sei Foundation will distribute 27.4 million SEI coins to 43,052 active users.

- Users can verify eligibility on a designated website, with a deadline before Sei v2 Phase 3.

- Core contributors and Sei Foundation wallets are excluded from the second Sei airdrop.

Sei Foundation Announces Major Second Sei Airdrop for Active Users

- The Sei Foundation has revealed its second major airdrop, distributing 27,421,200 SEI coins to 43,052 independent addresses. This airdrop rewards users who have been active since the launch of the Sei mainnet, particularly those who have contributed to network security through staking and liquid staking, as well as collectors from top NFT communities.

- Users can visit a designated website to verify if their wallet addresses qualify for the airdrop. Eligible users must read and accept the terms and conditions to receive the tokens. The participation deadline is aligned with the start of Phase 3 of the Sei v2 launch, anticipated in the coming weeks.

- Unlike the first airdrop, which faced criticism for not meeting user expectations, this second airdrop aims to better satisfy the Sei community. Core contributors and wallets linked to the Sei Foundation or laboratory are excluded from this distribution.

Sei v2 Upgrade Enhances Network with Dual Address Support

- The Sei v2 upgrade, available to developers and early adopters, introduces several enhancements to the network. Validators are currently upgrading their software to implement Sei v2 on the mainnet, ensuring that existing applications and tokens remain operational.

- This phased rollout is designed to optimize performance, set clear expectations, and reduce risks. One significant feature of the Sei v2 upgrade is the support for dual addresses, allowing compatibility with both 0x addresses and native Sei #Blockchain addresses.

Source - coincu.com

#CryptoTrends2024 #BinanceSquareTalks

💥💥💥 #Dogecoin‬⁩ , #Floki🔥🔥 , #dogwifhat Start to Surge as GameStop Jumps 19% in Pre-Market

Floki (FLOKI) and dogwifhat (WIF) have surged by up to 8% since the onset of Asian trading hours, mirroring the trend often observed with GameStop stock rallies, which tend to precede a surge in crypto meme coins.

As GameStop (NYSE: GME) saw a remarkable 19% surge in pre-market trading on Tuesday, several dog-themed tokens, including Floki and WIF, experienced notable upticks. Additionally, Dogecoin (DOGE) registered a 2% increase over the past four hours, while Solana-based bonk (BONK) showed a 5.5% rise.

The movement of meme tokens is often intertwined with the performance of stocks like GameStop and AMC Entertainment Holdings (NYSE: AMC), reflecting what some investors interpret as euphoria in the market, potentially leading to irrational trading behaviors around these assets.

Reflecting on the past, developer Shisui of Mog token noted in an interview with CoinDesk that the frenzy surrounding GameStop in 2021 spilled over to tokens like DOGE, hinting at a similar pattern if GME continues to capture the attention of retail traders.

In a reminiscent move, tokens like DOGE and FLOKI saw significant jumps, up to 30%, in the second week of May, following a viral post by retail trader Keith Gill. Gill's influential presence, culminating in the GameStop short squeeze of 2021, highlights the potential impact of individual investor sentiment on market movements.

Source - coindesk.com

#CryptoTrends2024 #cryptocurrency

💥💥💥 #shibaInu Coin Team Lauds #k9 Finance On Major Listing, KNINE Price Soars

In a significant development for the Shiba Inu ($SHIB ) ecosystem, K9 Finance DAO (KNINE) has secured a major exchange listing on LBank, as announced on May 28, 2024. This listing has been celebrated by the Shiba Inu team and has led to notable price growth for both KNINE and SHIB.

LBank Lists K9 Finance

- Trading for the KNINE/USDT pair will start in the Innovation Zone, marking a key milestone for K9 Finance DAO. Launched on March 7, 2024, KNINE operates as the official liquid staking solution for Shiba Inu and the Shibarium #Blockchain . The KNINE token follows a stake-to-earn model, allowing holders to earn revenue from the liquid staking product and the DAO, with the liquid staking product set to launch in Q3 2024.

- The Shiba Inu team's official X account, managed by figures like Shytoshi Kusama and Kaal Dhairya, praised K9 Finance DAO's listing, highlighting its significance for adoption and value within the #SHIBARMY.

- Deposits for KNINE began on May 27, 2024, and withdrawals will be available starting May 29, 2024. The listing is expected to enhance liquidity and adoption, driving further engagement in the Shiba Inu ecosystem.

KNINE & Shiba Inu Price

- Following the LBank announcement, KNINE surged to a peak of $0.000028, a 12.5% gain from its previous close. Despite a subsequent bearish trend, KNINE remained positive, trading at $0.00002506 as of May 28, up 0.89% with a 24-hour trading volume increase of 42.54%. Shiba Inu also saw a rise of 0.87% to $0.00002472, nearing the crucial resistance level of $0.000025. If SHIB breaks above this level and maintains momentum, targets of $0.00003 and potentially $0.00005 could be reached, though higher SHIB long liquidations suggest a possible downtrend.

- This listing and price movement highlight significant progress for K9 Finance and the Shiba Inu ecosystem, showcasing ongoing growth and increasing market engagement.

Source - coingape.com

#BinanceSquareTalks

👉👉👉 Lista #DAO Announces Latest Partnership with Stakestone

Lista DAO, a permissionless, simple, and secure platform for stablecoin lending and liquid staking solutions, has announced a new partnership with Stakestone, a leading Liquid Staking Token platform. Details of this collaboration were shared in a comprehensive blog post by Lista DAO.

Lista DAO and Stakestone Team Up to Transform #DEFI
Lista DAO expressed enthusiasm about the partnership, highlighting it as a significant step forward. This collaboration aims to advance their mission of offering top-tier, innovative asset classes while maintaining high security standards.
As part of this partnership, Stakestone's ETH Liquid Staking Token will be integrated into Lista DAO's collateral options.

Users will be able to leverage this token within the Lista ecosystem to borrow lisUSD. Additionally, those who deposit STONE will receive Lista Stardust and accumulate Stakestone points, enhancing their rewards experience.

Promoting User Participation and Broader Adoption
The accumulated Stakestone points can be used in StakeStone's upcoming airdrop campaign, incentivizing active participation in both platforms. This initiative is designed to boost engagement within the broader DeFi community. Lista DAO emphasized that this collaboration will focus on improving user-centered incentives, further enriching the user experience.

Depositors of STONE tokens on Lista DAO's platform will earn Lista Stardust as part of the Community Airdrop Campaign for Season 2. The platform also announced a 2x multiplier to increase StakeStone points, marking this partnership as a pivotal development for expanding DeFi offerings.

Lista DAO's integration of new features diversifies user opportunities and boosts ecosystem participation. Committed to seamless, secure, and innovative DeFi solutions, Lista DAO enhances its offerings. The partnership with Stakestone marks a milestone, reinforcing their dedication to revolutionizing the DeFi sector with user-centric solutions.

Source - blockchainreporter.net

#CryptoTrends2024

🔥🔥🔥 #Fantom Meme Season Campaign Launched To Attract New Users And Developers

Fantom has launched the Fantom Meme Season campaign, aiming to attract new users and developers by showcasing its cutting-edge technology. The campaign, running from June 1 to June 30, offers a reward pool of 10 million sFTMx tokens, with the first round featuring 1 million tokens.

The campaign focuses on #memecoins , defined as ERC-20 tokens emphasizing community and meme culture without monetary incentives or products. Prizes are awarded based on a point system, with the top three memecoins each round declared winners.

Additionally, Fantom is transitioning from its Opera network to the new Sonic chain, offering higher throughput and #Ethereum connectivity via a custom #Layer2 bridge. This transition aims to enhance the network's capabilities and attract Ethereum assets while showcasing Fantom's technological advancements.

#CryptoUpdates

🚀🚀🚀 #Solana⁩ ($SOL ) Eyes a Strong Comeback: Will the #Rally Ignite a Surge?

Solana (SOL) found support around $160 and is gradually climbing higher, potentially gaining bullish momentum upon surpassing the $172 resistance zone.

After correcting lower, SOL tested the $160 support against the US Dollar and is now trading above $165 and the 100-hourly simple moving average. A bullish trend line breakout occurred near $164, indicating positive momentum.

The immediate hurdle lies near $170, followed by significant resistance around $171. A successful breach above $172 could pave the way for further upside movement. The next major resistance is anticipated near $176, potentially leading to a push towards $180.

On the downside, if SOL struggles to rally above $172, it might face downward pressure. Initial support lies at $167, followed by $165 and $160. A close below $160 could trigger a decline towards $150.

Technical indicators show the hourly MACD losing pace in the bullish zone, while the hourly RSI is below the 50 level.

- Key Support Levels: $165, $160

- Key Resistance Levels: $170, $172, $180

Source - newsbtc.com

#CryptoTrends2024 #cryptocurrency #BinanceSquareTalks

💥💥💥 Parabolic Rally In The Making? Bitcoin Regains $70,000 As Traders’ Paper Profits Collapse To 3%

#Bitcoin's Consolidation and Bullish Outlook

- Bitcoin (BTC) has recently consolidated between $67,000 and $70,000 after a brief correction in early May. This period coincides with renewed #ETF✅ inflows and reduced selling pressure.

Reduced Selling Pressure and Market Sentiment

- Julio Moreno of CryptoQuant notes that Bitcoin's current price level sees significantly lower selling pressure compared to previous peaks, indicating exhaustion of heavy selling. Santiment data shows Bitcoin's market cap surpassing $70 billion independently of the stock market, signaling positive market sentiment.

Pre-Breakout Consolidation Phase

- Rekt Capital observes Bitcoin's recent weekly candle closing below range high resistance, suggesting further consolidation within the $60,000 to $70,000 range. This aligns with the belief in two remaining phases of the bull cycle: re-accumulation and a parabolic rally.

Anticipated Bullish Momentum

- Historically, Bitcoin consolidates around all-time highs before significant bull runs. With the current consolidation at elevated levels, expectations are for a post-Halving rally to propel Bitcoin even higher than its mid-March peak of $73,700.

Current Market Performance

- Bitcoin has gained 2% in the past 24 hours and 10% in the past month, currently trading at $70,200. This positions Bitcoin at a critical stage in its bull cycle, with potential for a transition from consolidation to a parabolic surge.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareBTC #cryptocurrencry

💥💥💥 When Will the SEC Approve Spot $ETH #ETF✅ Registration Statements? ETF Expert Predicts Timeline

SEC Approves Eight Ethereum ETFs, Market Awaits Quick Listing

- On May 23rd, the U.S. SEC approved eight 19b-4 application forms for Ether ETFs from firms like #BlackRock , Fidelity, and Grayscale, sparking speculation about their listing and trading timelines. Unlike the lengthy process for Bitcoin ETFs, experts predict a faster approval for Ether ETFs.

Rapid Approval Expected for Ether ETFs

- Bitcoin futures ETFs took over two years to be listed on major exchanges after approval. However, Nate Geraci, President of ETF Store, suggests the SEC has already done much of the necessary groundwork, potentially speeding up the Ether ETF approval process. Following the SEC’s January rule change facilitating ETH ETF listings, Geraci believes the ETFs could be listed within "2-3 months max."

Speculations on Listing Date

- Eric Balchunas, a senior Bloomberg ETF analyst, humorously speculated that the SEC might list ETH ETFs around July 4th, aligning with Independence Day celebrations. James Seyffart, another Bloomberg Intelligence expert, expects a similar or faster timeline for Ethereum ETFs compared to the three-month approval period for Bitcoin ETFs.

Impact on Ethereum Price

- Anticipation of Ethereum #ETFs has fueled bullish market sentiment, pushing Ethereum's price to $3,932, a 3.4% increase in 24 hours and a 35% rise over the past two weeks. Former President Donald Trump’s pro-crypto comments have also boosted market confidence.

Source - coinpedia.org

#CryptoTrends2024 #BinanceSquareTalks

👉👉👉 South Korea Universities Face Banking Hurdles in Converting Crypto Donations to Cash

South Korea Prohibits Universities from Converting Crypto Donations to Cash

- South Korean financial authorities are barring universities from opening corporate accounts for #cryptocurrency transactions, preventing them from converting cryptocurrency donations into cash.

Concerns Over Money Laundering

- The local outlet Chosun Ilbo reported that financial authorities are worried that corporate accounts, which lack the individual verification associated with personal accounts, could facilitate money laundering. The Korean Financial Intelligence Unit (KoFIU) and the Ministry of Education are expected to maintain their stance against allowing universities to open such accounts.

Universities Struggle with Crypto Donations

- This prohibition follows requests from some universities seeking to open corporate accounts to convert substantial cryptocurrency donations they received into cash. A senior official explained that granting universities an exception would be unfair to other businesses and could significantly increase the risk of money laundering if extended to all corporations.

Future Guidelines and Potential Solutions

- Financial authorities, alongside the Ministry of Education, plan to advise universities against accepting cryptocurrency donations in the future. However, they may offer a solution for universities already holding such donations. Depending on the amount and other factors, a system might be established to convert these existing cryptocurrencies into cash, providing some relief to institutions struggling with previous donations.

Ban on Cryptocurrency Donations

- South Korea has recently banned cryptocurrency donations, affecting charities and their fundraising capabilities. This decision comes despite the growing popularity of Bitcoin ($BTC ) and other digital currencies in the country, underscoring the government's cautious approach to cryptocurrency-related activities.

Source - cryptonews.com

#CryptoTrends2024 #BinanceSquareTalks

#XRP Max Pain Price At $0.54 For May Options Expiry, What It Means?

XRP Price Steady Amid SEC Lawsuit Developments

- Despite the ongoing SEC lawsuit, XRP's price has remained stable. Over the past year, XRP saw significant rallies only three times: after Judge Torres' summary judgment, the SEC dropping charges against Ripple executives, and the pre-Bitcoin halving bull market rally in March.

Importance of May Monthly Options Expiry

- The May 31 options expiry is critical for the crypto market, with substantial volatility expected. Ripple's favorable lawsuit progress & anticipated U.S. Fed rate cuts in March have prompted traders to place bullish bets on futures & options for this date.

- According to Deribit data, newly launched XRP options include calls up to $1.1. However, the latest expiry data shows a max pain price of $0.54, indicating potential for further price increases.

- On May 31, over 5,260 XRP options, with a notional value of $2.81 million, will expire. The put-call ratio is 0.22, suggesting a lucrative opportunity for traders. The max pain point implies a slight price increase above $0.54.

- XRP is trading sideways around $0.535, with a 24-hour range of $0.5238 to $0.5399. Trading volume surged 82% in the past 24 hours, indicating increased interest. As the max pain point approaches $0.54, XRP may see strong price action. Total futures open interest is 1.18 billion XRP, worth $629.82 million.

Latest Update on Ripple vs. SEC

- Both parties & third parties involved are awaiting Judge Torres' final judgment in the remedies phase, expected after the decision on the motion to seal. XRP lawsuit experts predict the judgment could arrive as early as Q3 2024.

- The SEC seeks $2 billion in fines from Ripple Labs & opposes Ripple's motion to seal evidence, arguing it would conceal crucial public information needed for the court's decisions in the remedies phase.

Overall, the upcoming May 31 options expiry & the developments in the SEC lawsuit are pivotal for XRP's price trajectory & market sentiment.

Source - coingape.com

#CryptoTrends2024

🔥🔥🔥 182 Billion $PEPE in One Hour, What's Happening?

Frog-Themed Meme Coin PEPE Surges in Value, Eyes Market Flip

- Frog-themed meme coin PEPE has experienced a significant surge in valuation, positioning it for a potential sell-off by market whales. Over the past 24 hours, PEPE has increased by 2.15% to $0.00001654, with a notable 75% rise over the past week.

PEPE's Bullish Momentum

- The rally in PEPE has set a positive tone for other meme coins this month. Historically, PEPE has shown strong performance in May. According to Cryptorank data, PEPE ended May 2023 with a 74.9% growth. This month, it has already recorded a remarkable 148.2% increase.

Record Highs and Whale Activity

- This substantial surge has propelled PEPE to multiple all-time highs (ATH) this month. The latest ATH was reached at $0.00001718. On-chain data reveals that two newly created wallets withdrew 182.7 billion PEPE, worth approximately $3.1 million, from OKX in less than an hour.

- The large movement of PEPE from exchanges suggests a vote of confidence, indicating reduced willingness to sell. While some holders might take profits, PEPE's whales appear cautious, as seen in the concentration by holders data from IntoTheBlock.

Potential Market Capitalization Flip

- Amid the bullish trend, PEPE is on the verge of surpassing Polygon in market capitalization. Currently, PEPE's market cap is $6.98 billion, compared to Polygon's $7.21 billion. If the price rally continues, PEPE might not only flip Polygon but also other major #cryptocurrencies like Near, Bitcoin Cash, and Tron, just as it surpassed Ethereum Classic.

- This rapid growth highlights PEPE's potential to make significant strides in the cryptocurrency market.

Source - u.today

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