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Bitcoin price could exceed $120,000 with China's economic decision.
Bitcoin (BTC) price could double if it reacts to the Chinese government's decision as before.
The US Securities and Exchange Commission (SEC) approval of spot Ethereum ETFs has left its mark on the market. However, in the meantime, a development has occurred that could push Bitcoin price above $120,000.
The People's Bank of China injected liquidity into the economy and cut interest rates by 10 basis points. Real Vision analyst Jamie Coutts emphasized that when the People's Bank of China injected liquidity in this way in 2016, the price of Bitcoin increased by at least 100% in the following months.
According to Coutts, central bank liquidity injections in this way significantly affect cryptocurrency markets. Whenever the Central Bank of China injects liquidity, the price of Bitcoin increases.
According to CoinGecko data, Bitcoin lost 1.5% of its value in the last 24 hours and was trading at $66k 334.
@TinTucBitcoin #tintucbitcoin #Write2Win #bitcoin
Bitcoin (BTC) price could double if it reacts to the Chinese government's decision as before.
The US Securities and Exchange Commission (SEC) approval of spot Ethereum ETFs has left its mark on the market. However, in the meantime, a development has occurred that could push Bitcoin price above $120,000.
The People's Bank of China injected liquidity into the economy and cut interest rates by 10 basis points. Real Vision analyst Jamie Coutts emphasized that when the People's Bank of China injected liquidity in this way in 2016, the price of Bitcoin increased by at least 100% in the following months.
According to Coutts, central bank liquidity injections in this way significantly affect cryptocurrency markets. Whenever the Central Bank of China injects liquidity, the price of Bitcoin increases.
According to CoinGecko data, Bitcoin lost 1.5% of its value in the last 24 hours and was trading at $66k 334.
@TinTucBitcoin #tintucbitcoin #Write2Win #bitcoin
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🔎 Will ETH Spot ETF be a "Sell the news" event?
This is the view from Kaiko Research, the source link will be below.
📌GRAYSCALE
• Will convert the ETHE trust fund into a spot ETF and launch a new mini fund backed by $1 billion from the previous fund.
• Keep ETHE fees higher than competitors, at 2.5%. The 2.5% ETHE fee could lead to capital withdrawals from the fund, similar to GBTC's performance after conversion to a spot BTC ETF.
📌OTHER ETH ETF ISSUERS
📌GRAYSCALE
• Will convert the ETHE trust fund into a spot ETF and launch a new mini fund backed by $1 billion from the previous fund.
• Keep ETHE fees higher than competitors, at 2.5%. The 2.5% ETHE fee could lead to capital withdrawals from the fund, similar to GBTC's performance after conversion to a spot BTC ETF.
📌OTHER ETH ETF ISSUERS
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Bitcoin may have bottomed out as the German Government sold out all of its BTC
Bitcoin (BTC) investors are bracing for a clear time in the coming weeks after the German government moved the last tokens out of its wallets on Friday. While on the surface the outlook seems pessimistic, price action and onchain data reveal deeper insights into the new face of Bitcoin.
Is there more to Bitcoin's performance than meets the eye?
Is there more to Bitcoin's performance than meets the eye?
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WHEN AIRDROP IS PAINFUL
It has been 4 years since Uniswap's airdrop marked a pivotal moment in the market, to date, this UNI distribution remains the most valuable airdrop in history. If we calculate the price of UNI at the time of ATH, the value of Uniswap's airdrop reaches 6.4 billion USD.
Uniswap's airdrop not only brings economic benefits to users, but also helps the project become more widely known. Now, the Uniswap airdrop is always remembered by all "farmers" as a symbol they always desire.
Uniswap's airdrop not only brings economic benefits to users, but also helps the project become more widely known. Now, the Uniswap airdrop is always remembered by all "farmers" as a symbol they always desire.
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Top Tokens with the highest revenue in the past 365 days.
1. ETH: 1.6 billion USD. (Capitalization: 370 billion USD).
2. Tron: 790 million USD. (Capitalization: 11.5 billion USD).
3. Bitcoin: 686 million USD. (Capitalization: 1200 billion USD).
4. Lido: 550 million USD. (Capitalization: 1.5 billion USD).
5. Uniswap: 549 million USD. (Capitalization: 6 billion USD).
Please note that this is a revenue number. As for the profit and actual amount that belongs to the Token Holder, the costs for the supplier (for example Liquidity Provider), operating costs, team costs, etc. must be subtracted.
Source: Token Terminal
#tintucbitcoin #Write2Win #BinanceTurns7 #BinanceTournament
1. ETH: 1.6 billion USD. (Capitalization: 370 billion USD).
2. Tron: 790 million USD. (Capitalization: 11.5 billion USD).
3. Bitcoin: 686 million USD. (Capitalization: 1200 billion USD).
4. Lido: 550 million USD. (Capitalization: 1.5 billion USD).
5. Uniswap: 549 million USD. (Capitalization: 6 billion USD).
Please note that this is a revenue number. As for the profit and actual amount that belongs to the Token Holder, the costs for the supplier (for example Liquidity Provider), operating costs, team costs, etc. must be subtracted.
Source: Token Terminal
#tintucbitcoin #Write2Win #BinanceTurns7 #BinanceTournament
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List of 10 potential airdrop projects
After zkSync, LayerZero, Blast...what to do? Seeing that you seemed to be struggling to find a project to do, An listed a series for you to choose from.
1/ Line - 725tr U
L2 solutions are built to increase the flexibility and scalability of dapps. Backed by Consensys, the parent company behind projects such as MetaMask, Infura... and has a huge capital call of 725 million U.
2/ Monad - 244tr U
EVM blockchain has a processing speed of 10k transactions per second. W airdrops to most members in Monad discord, so people tend to take W to farm against Monad.
1/ Line - 725tr U
L2 solutions are built to increase the flexibility and scalability of dapps. Backed by Consensys, the parent company behind projects such as MetaMask, Infura... and has a huge capital call of 725 million U.
2/ Monad - 244tr U
EVM blockchain has a processing speed of 10k transactions per second. W airdrops to most members in Monad discord, so people tend to take W to farm against Monad.
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BTC ETF is done.
HALVING is also done.
BTC flew from the bottom of 15k4 to 73k777.
What are you all waiting for next??
#tintucbitcoin #Bitcoin❗️ #btcetf #AirdropGuide #BinanceTournament
HALVING is also done.
BTC flew from the bottom of 15k4 to 73k777.
What are you all waiting for next??
#tintucbitcoin #Bitcoin❗️ #btcetf #AirdropGuide #BinanceTournament
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Ethereum Price Could Reach 15K USD
Ethereum Price Could Reach 15K USD
Michael Nadeau, founder of The DeFi Report, has published a deep dive into the implications of the approval of Spot Ethereum ETFs on the cryptocurrency's price trajectory.
This analysis follows key regulatory approvals from the US Securities and Exchange Commission (SEC), which approved 19b-4 applications for eight leading financial institutions – Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin.
Michael Nadeau, founder of The DeFi Report, has published a deep dive into the implications of the approval of Spot Ethereum ETFs on the cryptocurrency's price trajectory.
This analysis follows key regulatory approvals from the US Securities and Exchange Commission (SEC), which approved 19b-4 applications for eight leading financial institutions – Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin.
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US Judge 🇺🇸 has ordered the SEC to pay $1.8 million in a lawsuit against crypto company Debt Box, including $600K in legal fees to Debt Box. The judge concluded that the SEC had abused its authority in this case.
The judge found that the SEC made "materially false and misleading statements" when it ordered the judge to freeze Debt Box's assets in the lawsuit starting in 2023.
#tintucbitcoin #EarnFreeCrypto2024 #sec #DebtBox
The judge found that the SEC made "materially false and misleading statements" when it ordered the judge to freeze Debt Box's assets in the lawsuit starting in 2023.
#tintucbitcoin #EarnFreeCrypto2024 #sec #DebtBox
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Mt Gox Refuses to Sell Off Bitcoin and Bitcoin Cash
Mt Gox Refuses to Sell Off Bitcoin and Bitcoin Cash
In a significant move that has generated widespread speculation in the cryptocurrency community, Mt Gox has vehemently denied any sell-off of Bitcoin (BTC) and Bitcoin Cash (BCH) worth around $10 billion.
The denial comes in response to reports showing a massive transfer of funds from wallets linked to the notorious exchange.
In a significant move that has generated widespread speculation in the cryptocurrency community, Mt Gox has vehemently denied any sell-off of Bitcoin (BTC) and Bitcoin Cash (BCH) worth around $10 billion.
The denial comes in response to reports showing a massive transfer of funds from wallets linked to the notorious exchange.
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Floki, Bonk and Dogwifhat prices increased sharply during the week
Floki, Bonk and Dogwifhat prices increased sharply during the week
Dogwifhat (WIF) on the Solana ecosystem is leading the way with an 11% increase. Now it costs $3.68. Meanwhile, Bonk is up more than 6% and is currently trading for $0.00004148, CoinGecko said.
FLOKI has also achieved a notable increase of 9%: its price is now at 0.0002953 USD.
All three of these tokens have exploded over a seven-day period all above 33%.
Dogwifhat (WIF) on the Solana ecosystem is leading the way with an 11% increase. Now it costs $3.68. Meanwhile, Bonk is up more than 6% and is currently trading for $0.00004148, CoinGecko said.
FLOKI has also achieved a notable increase of 9%: its price is now at 0.0002953 USD.
All three of these tokens have exploded over a seven-day period all above 33%.
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Sad news: #Kabosu , the dog from meme #Dogecoin , has passed away... but the meme continues to live on in our hearts.
#tintucbitcoin #BinancePizzaVN #MemeWatch2024
#tintucbitcoin #BinancePizzaVN #MemeWatch2024
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MSTR Downgrades Bitcoin and Other BTC Mining Stocks
MicroStrategy's [MSTR] stock was clearly the best performer with exposure to Bitcoin's [BTC] last week.
MSTR stock jumped 34% last week and reclaimed $1500, boosted by BTC's recovery and MicroStrategy's inclusion in the MSCI Index. The rally extended into the current week and peaked at $1740, adding +4% since May 22nd.
MSTR stock jumped 34% last week and reclaimed $1500, boosted by BTC's recovery and MicroStrategy's inclusion in the MSCI Index. The rally extended into the current week and peaked at $1740, adding +4% since May 22nd.
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PEPE stands out with a trading volume of 5.89 billion USD
The frog-themed meme coin Pepe continues to climb the cryptocurrency rankings by global market capitalization.
Rapidly growing trading volumes across both the Spot and Derivatives markets served as a strong driving force for it, which beat out several competing altcoins in the process, including Hedera Hashgraph (HBAR). ), Ethereum Classic (ETC) and Aptos (APT) .
After reaching a new all-time high on May 14, 2024, PEPE's rally is not stopping there. A week later, the coin hit another record at $0.00001420, set early on May 22.
Rapidly growing trading volumes across both the Spot and Derivatives markets served as a strong driving force for it, which beat out several competing altcoins in the process, including Hedera Hashgraph (HBAR). ), Ethereum Classic (ETC) and Aptos (APT) .
After reaching a new all-time high on May 14, 2024, PEPE's rally is not stopping there. A week later, the coin hit another record at $0.00001420, set early on May 22.
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Hong Kong just killed Worldcoin
The Hong Kong government ordered Worldcoin to cease operations within its borders on Wednesday, accusing the identity project of violating its privacy rules.
The government's Personal Data Privacy Commissioner (PCPD) is ordering Worldcoin to leave Hong Kong and asking citizens to report if they see further Worldcoin activities.
PCPD said: “The Privacy Commissioner has issued an enforcement notice to the Worldcoin Foundation, directing it to cease all activities of the Worldcoin project in Hong Kong in scanning and collecting iris images and the public's face using an iris scanning device.
The government's Personal Data Privacy Commissioner (PCPD) is ordering Worldcoin to leave Hong Kong and asking citizens to report if they see further Worldcoin activities.
PCPD said: “The Privacy Commissioner has issued an enforcement notice to the Worldcoin Foundation, directing it to cease all activities of the Worldcoin project in Hong Kong in scanning and collecting iris images and the public's face using an iris scanning device.
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Kakarot ZK-EVM launches Testnet
Starknet, TVL's seventh largest Layer 2 network, will soon have EVM compatibility, opening the door to established DeFi protocols in the Ethereum ecosystem.
On May 22,#KakarotLabs launched the public mainnet phase for the Cairo-based zero-knowledge Ethereum Virtual Machine (EVM).
The move paves the way for Starknet's ecosystem to become EVM compatible, with the popular Layer 2 leveraging the Cairo programming language and facilitating smart contract execution via a separate CairoVM.
On May 22,#KakarotLabs launched the public mainnet phase for the Cairo-based zero-knowledge Ethereum Virtual Machine (EVM).
The move paves the way for Starknet's ecosystem to become EVM compatible, with the popular Layer 2 leveraging the Cairo programming language and facilitating smart contract execution via a separate CairoVM.
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ETH ETF issuer abandons staking
Potential ETH ETF issuers are assuring the SEC that they will not engage in staking, removing the terms from the updated filing in an effort to tighten approval of their applications.
Fidelity, Franklin Templeton, Ark Invest, Invesco and VanEck ETF have all updated their filings to say they will not stake ETH for interest.
Similar provisions were added by Nasdaq for the iShares Ethereum Trust and NYSE Arca for Grayscale's Ethereum Mini Trust and Bitwise Ethereum ETF.
Fidelity, Franklin Templeton, Ark Invest, Invesco and VanEck ETF have all updated their filings to say they will not stake ETH for interest.
Similar provisions were added by Nasdaq for the iShares Ethereum Trust and NYSE Arca for Grayscale's Ethereum Mini Trust and Bitwise Ethereum ETF.
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Nancy Pelosi supports FIT21 crypto bill.
🔥 FIT 21 (H.R. 4763 - Financial and Technological Innovation Bill for the 21st Century - creating a legal foundation for crypto) has passed the House of Representatives. Learn more about this bill:
FIT 21 has several key areas and regulations:
- Determine when the SEC or CFTC has jurisdiction
- Consumer protection, requiring transparency and information about project promoters
Prohibit agencies from preventing people from using crypto
- Request the Ministry of Finance to research stablecoins
#FIT21 also defines terms surrounding 'decentralized systems' and when a network is 'decentralized' enough to no longer be a 'security', and then the SEC will no longer have jurisdiction over the asset there.
FIT21 introduces a process to certify assets that are sufficiently decentralized and labeled as commodities (similar to Bitcoin), the SEC has 90 days to review and make a decision.
If the SEC determines an asset operates without a centralized entity, that asset is a commodity and the CFTC has jurisdiction, not the SEC.
FIT21 isn't perfect but it gets us one step closer, it's very difficult to get a bill on the ballot in the US so this is an important win.
This bill just passed the House of Representatives, we still need support from the Senate before it goes to President Biden, but at least we know the support from lawmakers is huge.
Read more cryptocurrency market news at: https://tintucbitcoin.com
👍 Follow @TinTucBitcoin tintucbitcoin 🔥 Like 🔥 Comment 🔥 Share 🔥 Thank you so much 💯💯
#tintucbitcoin #BinancePizzaVN #MemeWatch2024 #sec
🔥 FIT 21 (H.R. 4763 - Financial and Technological Innovation Bill for the 21st Century - creating a legal foundation for crypto) has passed the House of Representatives. Learn more about this bill:
FIT 21 has several key areas and regulations:
- Determine when the SEC or CFTC has jurisdiction
- Consumer protection, requiring transparency and information about project promoters
Prohibit agencies from preventing people from using crypto
- Request the Ministry of Finance to research stablecoins
#FIT21 also defines terms surrounding 'decentralized systems' and when a network is 'decentralized' enough to no longer be a 'security', and then the SEC will no longer have jurisdiction over the asset there.
FIT21 introduces a process to certify assets that are sufficiently decentralized and labeled as commodities (similar to Bitcoin), the SEC has 90 days to review and make a decision.
If the SEC determines an asset operates without a centralized entity, that asset is a commodity and the CFTC has jurisdiction, not the SEC.
FIT21 isn't perfect but it gets us one step closer, it's very difficult to get a bill on the ballot in the US so this is an important win.
This bill just passed the House of Representatives, we still need support from the Senate before it goes to President Biden, but at least we know the support from lawmakers is huge.
Read more cryptocurrency market news at: https://tintucbitcoin.com
👍 Follow @TinTucBitcoin tintucbitcoin 🔥 Like 🔥 Comment 🔥 Share 🔥 Thank you so much 💯💯
#tintucbitcoin #BinancePizzaVN #MemeWatch2024 #sec
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Shiba Inu burning rate increased by 570%
SHIB Army continues to make every effort to reduce the circulating supply of memecoin. Since yesterday morning, it has succeeded in burning a large amount of SHIB, pushing the burn rate up.
SHIB burn rate skyrocketed 570%
Recent figures publicly shared by explorer Shibburn show that in the past 24 hours, thanks to the collective efforts of the community, a total of 12,702,169 SHIBs have been destroyed.
SHIB burn rate skyrocketed 570%
Recent figures publicly shared by explorer Shibburn show that in the past 24 hours, thanks to the collective efforts of the community, a total of 12,702,169 SHIBs have been destroyed.
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Ethereum holding contracts hit a record of $14 billion
Contract holdings #Ethereum (ETH) have surpassed $14 billion, reaching a record high. This data, reported by CoinGlass, highlights significant contributions from top exchanges: Binance with $5.54 billion, Bybit with $3.1 billion, and OKX with $2 billion.
Despite this impressive value, total ETH contract holdings amount to 383 million ETH, still below the 5 million ETH peak seen in 2022.
The increase in ETH contract holdings coincided with a spike in Ethereum price, up 18.53% in the past 24 hours, reaching $3,676.
Despite this impressive value, total ETH contract holdings amount to 383 million ETH, still below the 5 million ETH peak seen in 2022.
The increase in ETH contract holdings coincided with a spike in Ethereum price, up 18.53% in the past 24 hours, reaching $3,676.
