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🚀🚀 Buckle up, BTC enthusiasts! The crypto world is buzzing, and not just about Bitcoin. This year, meme coins have been popping up like mushrooms after rain, and some of them have some pretty questionable connections. 🍄💥 One such coin that's been making waves is JENNER, launched on the Solana blockchain by American celebrity Caitlyn Jenner. Despite doubts about its legitimacy, some traders dove headfirst into the JENNER pool. One trader who had previously scored big with the BOME token, ended up losing around $133.4K in just one day trading JENNER. Ouch! 💸💸 Initially, many thought Jenner's promotion of the token was a hack, as we've seen with other celebs in the past. But nope, Jenner's account kept on promoting the token, and she even promised to donate to Trump's campaign if the token hit a $50 million market cap. Talk about stirring the pot! 🍯🔥 But here's the thing, folks. The proliferation of these meme coins, especially those endorsed by celebs with a history of promoting dubious schemes, is causing some concern. These tokens can overshadow the hard work of teams developing legitimate products and often result in pump-and-dump scenarios. So, while the meme coin hype train is full steam ahead, remember to do your homework and invest wisely. 🚂📚💡 In the end, it's all about the love for BTC, right? So, let's keep our eyes on the prize and continue to champion the cause of protecting cryptocurrency. After all, isn't that what being ULTRA MAGA is all about? 🏆🚀🌕
🚀🚀 Buckle up, BTC enthusiasts! The crypto world is buzzing, and not just about Bitcoin. This year, meme coins have been popping up like mushrooms after rain, and some of them have some pretty questionable connections. 🍄💥

One such coin that's been making waves is JENNER, launched on the Solana blockchain by American celebrity Caitlyn Jenner. Despite doubts about its legitimacy, some traders dove headfirst into the JENNER pool. One trader who had previously scored big with the BOME token, ended up losing around $133.4K in just one day trading JENNER. Ouch! 💸💸

Initially, many thought Jenner's promotion of the token was a hack, as we've seen with other celebs in the past. But nope, Jenner's account kept on promoting the token, and she even promised to donate to Trump's campaign if the token hit a $50 million market cap. Talk about stirring the pot! 🍯🔥

But here's the thing, folks. The proliferation of these meme coins, especially those endorsed by celebs with a history of promoting dubious schemes, is causing some concern. These tokens can overshadow the hard work of teams developing legitimate products and often result in pump-and-dump scenarios. So, while the meme coin hype train is full steam ahead, remember to do your homework and invest wisely. 🚂📚💡

In the end, it's all about the love for BTC, right? So, let's keep our eyes on the prize and continue to champion the cause of protecting cryptocurrency. After all, isn't that what being ULTRA MAGA is all about? 🏆🚀🌕
🚀Polkadot is making waves in the crypto world with its latest Join-Accumulate Machine (JAM) upgrade! The upgrade is set to replace the existing Relay Chain with a more efficient, modular architecture, combining elements of Polkadot and Ethereum. This is expected to boost network stability and scalability.🔧 To encourage innovation, Polkadot has launched a 10 million DOT reward pool, the JAM Implementer’s Prize. They're also enabling Asynchronous Backing on the network, optimizing how parachain blocks are validated. The result? Blocks are produced twice as fast and available blockspace has increased 6-10 times! 🚀 In partnership news, Polkadot has teamed up with the Founder Institute to launch its first Web3 cohort. This marks an exciting chapter for both parties, with the initiative set to kick off on May 28.🤝 Now, let's talk price. Polkadot's native cryptocurrency, DOT, has seen some fluctuation recently, peaking at $7.70 on May 27, before dropping to around $7.06. Despite this, analysts remain optimistic, with many predicting new highs for DOT in the near future.📈 Remember, while we're all about BTC, it's always good to keep an eye on the wider crypto market. Stay tuned for more updates! 🎉
🚀Polkadot is making waves in the crypto world with its latest Join-Accumulate Machine (JAM) upgrade! The upgrade is set to replace the existing Relay Chain with a more efficient, modular architecture, combining elements of Polkadot and Ethereum. This is expected to boost network stability and scalability.🔧

To encourage innovation, Polkadot has launched a 10 million DOT reward pool, the JAM Implementer’s Prize. They're also enabling Asynchronous Backing on the network, optimizing how parachain blocks are validated. The result? Blocks are produced twice as fast and available blockspace has increased 6-10 times! 🚀

In partnership news, Polkadot has teamed up with the Founder Institute to launch its first Web3 cohort. This marks an exciting chapter for both parties, with the initiative set to kick off on May 28.🤝

Now, let's talk price. Polkadot's native cryptocurrency, DOT, has seen some fluctuation recently, peaking at $7.70 on May 27, before dropping to around $7.06. Despite this, analysts remain optimistic, with many predicting new highs for DOT in the near future.📈

Remember, while we're all about BTC, it's always good to keep an eye on the wider crypto market. Stay tuned for more updates! 🎉
🎉🚀Hop on the crypto rollercoaster, folks! The frog-themed meme coin, Pepe (PEPE), is making a splash in the crypto pond! 🐸💰 According to IntoTheBlock, a whopping 96% of PEPE holders are currently in the money, thanks to a ribbit-ing 90% return this month. 📈💵 PEPE has been hopping to new all-time highs, with a 116% increase in the past month and a 7.7% rise in the past week. 🚀🌕 Despite a slight dip in the past 24 hours, PEPE is still the king of the lily pad among major memecoins, with almost all holders in profit. 🐸👑 Starting the year with a market cap of around $500 million, PEPE has leaped to a staggering $6.11 billion! 🎉💰 Just two weeks ago, the token's market cap was at $5 billion, hitting an all-time high of $0.00001096. Even with the crypto market's volatility, PEPE investors have had plenty to croak about. 🐸🎉 Three days ago, PEPE hit a new all-time high of $0.00001717, with its market cap surging to $7 billion, making it the 21st largest cryptocurrency by market cap. 🚀🌕 It even surpassed well-known altcoins like Polygon and Litecoin. Its 24-hour trading volume hit $1.8 billion, outpacing rivals Dogecoin (DOGE) and Shiba Inu (SHIB). 🐶🐕 PEPE's success has propelled it to the third-largest memecoin, behind DOGE and SHIB. Analysts predict that this rally is far from over, so we could see even more growth for PEPE. So, keep your eyes on this hopping hot token! 🐸🚀🌕
🎉🚀Hop on the crypto rollercoaster, folks! The frog-themed meme coin, Pepe (PEPE), is making a splash in the crypto pond! 🐸💰 According to IntoTheBlock, a whopping 96% of PEPE holders are currently in the money, thanks to a ribbit-ing 90% return this month. 📈💵

PEPE has been hopping to new all-time highs, with a 116% increase in the past month and a 7.7% rise in the past week. 🚀🌕 Despite a slight dip in the past 24 hours, PEPE is still the king of the lily pad among major memecoins, with almost all holders in profit. 🐸👑

Starting the year with a market cap of around $500 million, PEPE has leaped to a staggering $6.11 billion! 🎉💰 Just two weeks ago, the token's market cap was at $5 billion, hitting an all-time high of $0.00001096. Even with the crypto market's volatility, PEPE investors have had plenty to croak about. 🐸🎉

Three days ago, PEPE hit a new all-time high of $0.00001717, with its market cap surging to $7 billion, making it the 21st largest cryptocurrency by market cap. 🚀🌕 It even surpassed well-known altcoins like Polygon and Litecoin. Its 24-hour trading volume hit $1.8 billion, outpacing rivals Dogecoin (DOGE) and Shiba Inu (SHIB). 🐶🐕

PEPE's success has propelled it to the third-largest memecoin, behind DOGE and SHIB. Analysts predict that this rally is far from over, so we could see even more growth for PEPE. So, keep your eyes on this hopping hot token! 🐸🚀🌕
🎉Whale alert!🐳 Singapore's DBS Bank, one of the country's largest banking institutions, has been identified as a crypto whale by blockchain analysis firm Nansen. The bank reportedly holds a whopping 173,753 Ether (ETH) in a crypto wallet, valued at around $650 million!💰 Nansen's analysis reveals that this address, flagged on May 30, has already generated a paper profit of $200 million from its Ether holdings.📈 While DBS Bank hasn't officially confirmed ownership of the ETH, it's speculated that the assets might belong to its digital exchange, which caters to accredited investors. DBS Bank is no newbie to the crypto world.🌐 It offers a variety of services, including digital asset custody, a trading exchange for security tokens, and a portfolio management app that integrates traditional and crypto assets. Since launching its crypto trading and custody service in 2020, DBS Bank's crypto sector has seen significant growth.🚀 In 2022, it reported a four-fold increase in Bitcoin purchases on its digital exchange. In 2023, it reported an 80% increase in Bitcoin trading volume, attributing this growth to market instability following the crypto collapses of 2022. DBS Bank has also been expanding its digital currency efforts beyond cryptocurrencies, engaging in government-related Web3 projects in Singapore.🇸🇬 These include Project Guardian, which successfully acquired tokenized Singapore dollars using tokenized Japanese yen. DBS Bank is clearly making waves in the crypto ocean!🌊 Stay tuned for more exciting updates from the crypto world!🚀
🎉Whale alert!🐳 Singapore's DBS Bank, one of the country's largest banking institutions, has been identified as a crypto whale by blockchain analysis firm Nansen. The bank reportedly holds a whopping 173,753 Ether (ETH) in a crypto wallet, valued at around $650 million!💰

Nansen's analysis reveals that this address, flagged on May 30, has already generated a paper profit of $200 million from its Ether holdings.📈 While DBS Bank hasn't officially confirmed ownership of the ETH, it's speculated that the assets might belong to its digital exchange, which caters to accredited investors.

DBS Bank is no newbie to the crypto world.🌐 It offers a variety of services, including digital asset custody, a trading exchange for security tokens, and a portfolio management app that integrates traditional and crypto assets.

Since launching its crypto trading and custody service in 2020, DBS Bank's crypto sector has seen significant growth.🚀 In 2022, it reported a four-fold increase in Bitcoin purchases on its digital exchange. In 2023, it reported an 80% increase in Bitcoin trading volume, attributing this growth to market instability following the crypto collapses of 2022.

DBS Bank has also been expanding its digital currency efforts beyond cryptocurrencies, engaging in government-related Web3 projects in Singapore.🇸🇬 These include Project Guardian, which successfully acquired tokenized Singapore dollars using tokenized Japanese yen.

DBS Bank is clearly making waves in the crypto ocean!🌊 Stay tuned for more exciting updates from the crypto world!🚀
📣Hey BTC enthusiasts! Let's talk about Ripple (XRP) today! 🚀 XRP's price has been playing it cool, consolidating on both the USDT and BTC pairs. It's been a bit of a snooze fest, with XRP not following the exciting moves of other large-cap cryptocurrencies. 😴 On the USDT paired chart, XRP's price has been dancing inside a symmetrical triangle pattern. The $0.5 level is currently acting as a bouncer, keeping the price from dropping lower. But alas, the market has also failed to rally toward the 200-day moving average around the $0.6 resistance zone. 😒 But don't lose hope! If XRP breaks above the triangle, we could see a rise above the 200-day moving average and toward the $0.7 resistance level. 📈 Over on the BTC paired chart, the XRP/BTC pair is showing even lower volatility, with the price practically moving horizontally around the 800 SAT level. The long-term trend is bearish and the Relative Strength Index is below 50%, suggesting a deeper decline might be on the horizon. 😬 Lastly, let's not forget the legal spat between Ripple and the US Securities and Exchange Commission. XRP's price saw impressive gains when Ripple scored some wins in this legal battle. The recent calmness could be due to the lack of massive movements for XRP. 🤔 So, keep your eyes peeled on XRP, folks! The next resistance is at $0.7 and we're all waiting for the breakout! 🚀🌕
📣Hey BTC enthusiasts! Let's talk about Ripple (XRP) today! 🚀

XRP's price has been playing it cool, consolidating on both the USDT and BTC pairs. It's been a bit of a snooze fest, with XRP not following the exciting moves of other large-cap cryptocurrencies. 😴

On the USDT paired chart, XRP's price has been dancing inside a symmetrical triangle pattern. The $0.5 level is currently acting as a bouncer, keeping the price from dropping lower. But alas, the market has also failed to rally toward the 200-day moving average around the $0.6 resistance zone. 😒

But don't lose hope! If XRP breaks above the triangle, we could see a rise above the 200-day moving average and toward the $0.7 resistance level. 📈

Over on the BTC paired chart, the XRP/BTC pair is showing even lower volatility, with the price practically moving horizontally around the 800 SAT level. The long-term trend is bearish and the Relative Strength Index is below 50%, suggesting a deeper decline might be on the horizon. 😬

Lastly, let's not forget the legal spat between Ripple and the US Securities and Exchange Commission. XRP's price saw impressive gains when Ripple scored some wins in this legal battle. The recent calmness could be due to the lack of massive movements for XRP. 🤔

So, keep your eyes peeled on XRP, folks! The next resistance is at $0.7 and we're all waiting for the breakout! 🚀🌕
🚀🎉 Bitcoin enthusiasts, hold onto your hats! Large investors, or as we like to call them, "sharks" and "whales," have been gobbling up BTC during market downturns and selling during market upswings. 🐋💰 Data reveals that Bitcoin wallets holding at least 10 BTC have seen a significant increase in the past five months, adding a whopping 154,560 BTC! 📈💼 This accumulation started amidst a market decline in October 2019, sailed through the COVID scare, and continued into early 2022, pushing BTC to a new all-time high above $60,000. 🚀🌕 However, mid-2022 saw a mass dumping as US interest rates wreaked havoc on all markets, dragging BTC down below $17,000. 😱💔 But fear not! Aggressive sharks and whales started accumulating again in December 2023, likely in anticipation of increased institutional investment, especially with the approval of spot Bitcoin ETFs in January this year. 🏦💸 The addition of 154,560 more BTC over the past five months indicates significant accumulation by large investors. Typically, this precedes a bullish phase with rising market prices. 📈🐂 On the flip side, when these big players start to offload their BTC, it often signals the onset of a bear market. 📉🐻 Interestingly, 50% of BTC’s total supply from long-term holders (1-2 years) has remained inactive for over a year, suggesting a reluctance to sell for quick gains. 💼🔒 So, what does all this mean? Experts predict that we could be on the cusp of a fresh peak between October 2024 and March 2025. So, keep your eyes peeled, Bitcoiners! 🚀🌕
🚀🎉 Bitcoin enthusiasts, hold onto your hats! Large investors, or as we like to call them, "sharks" and "whales," have been gobbling up BTC during market downturns and selling during market upswings. 🐋💰

Data reveals that Bitcoin wallets holding at least 10 BTC have seen a significant increase in the past five months, adding a whopping 154,560 BTC! 📈💼

This accumulation started amidst a market decline in October 2019, sailed through the COVID scare, and continued into early 2022, pushing BTC to a new all-time high above $60,000. 🚀🌕

However, mid-2022 saw a mass dumping as US interest rates wreaked havoc on all markets, dragging BTC down below $17,000. 😱💔

But fear not! Aggressive sharks and whales started accumulating again in December 2023, likely in anticipation of increased institutional investment, especially with the approval of spot Bitcoin ETFs in January this year. 🏦💸

The addition of 154,560 more BTC over the past five months indicates significant accumulation by large investors. Typically, this precedes a bullish phase with rising market prices. 📈🐂

On the flip side, when these big players start to offload their BTC, it often signals the onset of a bear market. 📉🐻

Interestingly, 50% of BTC’s total supply from long-term holders (1-2 years) has remained inactive for over a year, suggesting a reluctance to sell for quick gains. 💼🔒

So, what does all this mean? Experts predict that we could be on the cusp of a fresh peak between October 2024 and March 2025. So, keep your eyes peeled, Bitcoiners! 🚀🌕
🎉Hey there, Bitcoin enthusiasts!🎉 BTC's price has been dancing between $67,200 and $70,000 recently, and is now chilling at $68K. Some market gurus are predicting a major pump, with forecasts suggesting it could skyrocket to $150,000! 🚀 This is all thanks to the impact of Bitcoin ETFs, which are attracting "hundreds of millions" of dollars in inflows daily. Analyst Lark Davis is one of the big believers, envisioning BTC's bull run will be fueled by these ETFs. He's excited about the prospect of countries, wealth managers, pension funds, and retail buying billions of dollars worth of ETFs daily. 🌍💰 Crypto Rover, another bullish analyst, sees the BTC supply "available to the masses" gradually decreasing, hinting at an "enormous bull market" on the horizon. 📈 Don't forget about the BTC halving, a key mechanism in Bitcoin’s supply system that directly impacts its inflation rate. This event, which happened a month ago, slows down BTC production by half, making the asset scarcer and potentially more valuable over time. Historically, it's been a precursor of a massive bull run for BTC and the entire crypto market. 🐂 Meanwhile, Ripple's XRP is trading around $0.524, with expectations of a significant surge. Key targets are $1.20 to $1.50, with a critical breakout point at $0.70 – $0.75. 🎯 And let's not forget Dogecoin, which faces significant resistance between $0.166 and $0.171 but could potentially double if it overcomes this barrier. 🐕 Stay tuned, crypto fans! The future looks bright for Bitcoin! 🌞🌈
🎉Hey there, Bitcoin enthusiasts!🎉 BTC's price has been dancing between $67,200 and $70,000 recently, and is now chilling at $68K. Some market gurus are predicting a major pump, with forecasts suggesting it could skyrocket to $150,000! 🚀 This is all thanks to the impact of Bitcoin ETFs, which are attracting "hundreds of millions" of dollars in inflows daily.

Analyst Lark Davis is one of the big believers, envisioning BTC's bull run will be fueled by these ETFs. He's excited about the prospect of countries, wealth managers, pension funds, and retail buying billions of dollars worth of ETFs daily. 🌍💰

Crypto Rover, another bullish analyst, sees the BTC supply "available to the masses" gradually decreasing, hinting at an "enormous bull market" on the horizon. 📈

Don't forget about the BTC halving, a key mechanism in Bitcoin’s supply system that directly impacts its inflation rate. This event, which happened a month ago, slows down BTC production by half, making the asset scarcer and potentially more valuable over time. Historically, it's been a precursor of a massive bull run for BTC and the entire crypto market. 🐂

Meanwhile, Ripple's XRP is trading around $0.524, with expectations of a significant surge. Key targets are $1.20 to $1.50, with a critical breakout point at $0.70 – $0.75. 🎯

And let's not forget Dogecoin, which faces significant resistance between $0.166 and $0.171 but could potentially double if it overcomes this barrier. 🐕

Stay tuned, crypto fans! The future looks bright for Bitcoin! 🌞🌈
🎉Big news, BTC enthusiasts! ENS Labs has proposed a major upgrade to the Ethereum Name Service (ENS), aiming to expand it to layer-2 scaling protocols in a move dubbed "ENSv2"! 🚀 This isn't just a simple migration, folks! ENS Labs is leveraging seven years of experience at the cutting edge of Web3 to completely reimagine the architecture from scratch. 🏗️ ENS has millions of .eth names registered and thousands of integrations, including dapps, wallets, top-level domains, and browsers. By expanding to layer-2s, ENS will become more accessible and cheaper for a wider range of users. 🌐 The main goals? Making ENS more decentralized, enabling new use cases and integrations, and overcoming constraints of the Ethereum mainnet. Plus, moving to layer-2 offers some major perks, like lower gas fees for registering and renewing .eth names, more control and customization, and improved multi-chain interoperability. 🎯 ENS Labs will be requesting a budget increase of 4 million USDC from the ENS DAO to cover development and deployment costs. The proposal is currently up for discussion before it goes to a governance vote. 🗳️ Despite the exciting news, the ENS native token didn't react much and was trading flat at around $26. It's almost doubled in price over the past two weeks, but it's still down 69% from its peak of $80 in November 2021. 📉 Stay tuned, BTC lovers! This could be a game-changer for ENS and the wider Web3 landscape! 🌐🚀
🎉Big news, BTC enthusiasts! ENS Labs has proposed a major upgrade to the Ethereum Name Service (ENS), aiming to expand it to layer-2 scaling protocols in a move dubbed "ENSv2"! 🚀

This isn't just a simple migration, folks! ENS Labs is leveraging seven years of experience at the cutting edge of Web3 to completely reimagine the architecture from scratch. 🏗️

ENS has millions of .eth names registered and thousands of integrations, including dapps, wallets, top-level domains, and browsers. By expanding to layer-2s, ENS will become more accessible and cheaper for a wider range of users. 🌐

The main goals? Making ENS more decentralized, enabling new use cases and integrations, and overcoming constraints of the Ethereum mainnet. Plus, moving to layer-2 offers some major perks, like lower gas fees for registering and renewing .eth names, more control and customization, and improved multi-chain interoperability. 🎯

ENS Labs will be requesting a budget increase of 4 million USDC from the ENS DAO to cover development and deployment costs. The proposal is currently up for discussion before it goes to a governance vote. 🗳️

Despite the exciting news, the ENS native token didn't react much and was trading flat at around $26. It's almost doubled in price over the past two weeks, but it's still down 69% from its peak of $80 in November 2021. 📉

Stay tuned, BTC lovers! This could be a game-changer for ENS and the wider Web3 landscape! 🌐🚀
🎉🎉Big news for BTC enthusiasts! Gemini, the crypto exchange founded by the Winklevoss twins, has made a full recovery from its crypto lending arm's bankruptcy, marking one of the most successful industry recoveries to date.💪💪 Gemini announced that its Earn customers have received $2.18 billion of their digital assets in kind.🤑🤑 That means if you lent one bitcoin, you get one bitcoin back, along with any appreciation of your assets since you lent them.🚀🚀 The online crypto community is cheering for this victory, praising Gemini's leadership for stepping up after losing customer funds in Genesis Global.👏👏 Genesis and Gemini both collapsed in the fallout of FTX and Alameda Research in late 2022. However, Genesis has now received court approval to repay over $3.5 billion to its creditors, one of which was Gemini.👍👍 Gemini's recovery stands out against other fallen crypto firms in 2022, which have only managed to recover a fraction of their customers' assets. Gemini's repayment is $1 billion in excess of when it froze withdrawals, marking a 232% asset recovery in USD terms.💰💰 Gemini insists that the Genesis bankruptcy was not a crypto problem, but "old-fashioned financial fraud compounded by a lack of regulatory clarity."🔍🔍 In a nutshell, Gemini Earn has managed to recover 97% of customers' lost crypto. A huge win for the crypto industry!🎊🎊
🎉🎉Big news for BTC enthusiasts! Gemini, the crypto exchange founded by the Winklevoss twins, has made a full recovery from its crypto lending arm's bankruptcy, marking one of the most successful industry recoveries to date.💪💪

Gemini announced that its Earn customers have received $2.18 billion of their digital assets in kind.🤑🤑 That means if you lent one bitcoin, you get one bitcoin back, along with any appreciation of your assets since you lent them.🚀🚀

The online crypto community is cheering for this victory, praising Gemini's leadership for stepping up after losing customer funds in Genesis Global.👏👏

Genesis and Gemini both collapsed in the fallout of FTX and Alameda Research in late 2022. However, Genesis has now received court approval to repay over $3.5 billion to its creditors, one of which was Gemini.👍👍

Gemini's recovery stands out against other fallen crypto firms in 2022, which have only managed to recover a fraction of their customers' assets. Gemini's repayment is $1 billion in excess of when it froze withdrawals, marking a 232% asset recovery in USD terms.💰💰

Gemini insists that the Genesis bankruptcy was not a crypto problem, but "old-fashioned financial fraud compounded by a lack of regulatory clarity."🔍🔍

In a nutshell, Gemini Earn has managed to recover 97% of customers' lost crypto. A huge win for the crypto industry!🎊🎊
🚀🚀🚀 Bitcoin enthusiasts, buckle up! Long-term Bitcoin holders (holding for 1-2 years) have been observed to sell portions of their holdings during bullish phases when BTC's price is on the rise. But wait, there's more! 🎉 Those with Bitcoin UTXOs (unspent transaction outputs) older than 3 years are still accumulating more BTC, showing a strong bullish sentiment. So, it's not all sell, sell, sell! 💪💪 CryptoQuant's latest findings reveal that over 50% of BTC's total supply has been inactive on the blockchain for over a year. This suggests that long-term holders are confident about Bitcoin's future value despite price fluctuations. 📈📈 As BTC's price recovered to $56,000, the 1-year and 2-year holder cohorts transitioned from a selling phase to a holding one, signaling renewed confidence in Bitcoin's upside potential. The technical outlook is at a critical juncture, testing significant support levels. But long-term holders' behavior suggests an underlying bullish sentiment. 🚀🚀 Glassnode also noted that a group of long-term Bitcoin holders, who had been selling portions of their holdings since December 2023, have started re-accumulating or buying BTC again. This could mean significant volatility may be needed to trigger another wave of sell-offs from these long-term holders. 😎😎 CryptoQuant warns that a break below the daily Ichimoku cloud could shift market sentiment bearish, potentially leading to a retracement towards $64,000. But don't fret! IntoTheBlock estimates that the next market peak could occur between October 2024 and March 2025. So, hold on to your hats, Bitcoin believers! 🎉🎉🎉
🚀🚀🚀 Bitcoin enthusiasts, buckle up! Long-term Bitcoin holders (holding for 1-2 years) have been observed to sell portions of their holdings during bullish phases when BTC's price is on the rise. But wait, there's more! 🎉

Those with Bitcoin UTXOs (unspent transaction outputs) older than 3 years are still accumulating more BTC, showing a strong bullish sentiment. So, it's not all sell, sell, sell! 💪💪

CryptoQuant's latest findings reveal that over 50% of BTC's total supply has been inactive on the blockchain for over a year. This suggests that long-term holders are confident about Bitcoin's future value despite price fluctuations. 📈📈

As BTC's price recovered to $56,000, the 1-year and 2-year holder cohorts transitioned from a selling phase to a holding one, signaling renewed confidence in Bitcoin's upside potential. The technical outlook is at a critical juncture, testing significant support levels. But long-term holders' behavior suggests an underlying bullish sentiment. 🚀🚀

Glassnode also noted that a group of long-term Bitcoin holders, who had been selling portions of their holdings since December 2023, have started re-accumulating or buying BTC again. This could mean significant volatility may be needed to trigger another wave of sell-offs from these long-term holders. 😎😎

CryptoQuant warns that a break below the daily Ichimoku cloud could shift market sentiment bearish, potentially leading to a retracement towards $64,000. But don't fret! IntoTheBlock estimates that the next market peak could occur between October 2024 and March 2025. So, hold on to your hats, Bitcoin believers! 🎉🎉🎉
🚨Crypto world, hold onto your hats! 🎩 Former FTX co-CEO Ryan Salame has been sentenced to a whopping 90 months in prison! 🚔 This news comes straight from Damian Lewis, the United States Attorney for the Southern District of New York. Salame had previously admitted to conspiring to make illegal political contributions and defraud the Federal Election Commission. He also confessed to running an unlicensed money-transmitting business. Quite a rap sheet, huh? 📜 From 2019 to 2021, Salame was the co-CEO of FTX Digital Markets, FTX's Bahamas-based subsidiary. His legal team argued for a minimum sentence of 18 months, citing his role in alerting Bahamian authorities about potential fraud just before FTX's bankruptcy filing in late 2022. But the US probation authorities had other ideas, recommending a stern 10-year prison sentence. 😱 Salame's crimes, according to Williams, undermined public trust in American elections and the integrity of the financial system. His sentence, Williams said, underscores the serious consequences for such offenses. Court proceedings revealed that Salame, along with others, ran an unlicensed money-transmitting business using FTX, Alameda Research, and “North Dimension” to transmit customer funds without proper licensing. They also allegedly made false statements to US banks to sustain these illicit activities. In addition to his prison term, Salame also faces three years of supervised release and has been ordered to pay over $6 million in forfeiture and more than $5 million in restitution. Earlier this year, Bankman-Fried received a 25-year prison sentence after being found guilty of using billions of dollars in customer deposits to cover risky investments made by his hedge fund, Alameda Research. Stay tuned, crypto enthusiasts! This is a reminder that while we're all bullish on BTC, it's important to play by the rules! 🚀🌕
🚨Crypto world, hold onto your hats! 🎩 Former FTX co-CEO Ryan Salame has been sentenced to a whopping 90 months in prison! 🚔 This news comes straight from Damian Lewis, the United States Attorney for the Southern District of New York.

Salame had previously admitted to conspiring to make illegal political contributions and defraud the Federal Election Commission. He also confessed to running an unlicensed money-transmitting business. Quite a rap sheet, huh? 📜

From 2019 to 2021, Salame was the co-CEO of FTX Digital Markets, FTX's Bahamas-based subsidiary. His legal team argued for a minimum sentence of 18 months, citing his role in alerting Bahamian authorities about potential fraud just before FTX's bankruptcy filing in late 2022. But the US probation authorities had other ideas, recommending a stern 10-year prison sentence. 😱

Salame's crimes, according to Williams, undermined public trust in American elections and the integrity of the financial system. His sentence, Williams said, underscores the serious consequences for such offenses.

Court proceedings revealed that Salame, along with others, ran an unlicensed money-transmitting business using FTX, Alameda Research, and “North Dimension” to transmit customer funds without proper licensing. They also allegedly made false statements to US banks to sustain these illicit activities.

In addition to his prison term, Salame also faces three years of supervised release and has been ordered to pay over $6 million in forfeiture and more than $5 million in restitution.

Earlier this year, Bankman-Fried received a 25-year prison sentence after being found guilty of using billions of dollars in customer deposits to cover risky investments made by his hedge fund, Alameda Research.

Stay tuned, crypto enthusiasts! This is a reminder that while we're all bullish on BTC, it's important to play by the rules! 🚀🌕
🚀Buckle up, BTC enthusiasts! PayPal's stablecoin PYUSD, which launched on Ethereum last year, is making a grand entrance on the Solana blockchain. 🎉This move gives users the power to choose between multiple blockchain networks, offering more flexibility and control over transactions and holdings. Why Solana? PayPal cites Solana's ability to handle a massive volume of transactions at high speeds and extremely low costs as the main reason. With Solana being the go-to blockchain for tokenized transactions and the most utilized for stablecoin transfers, it's a match made in crypto heaven! 🌐 Jose Fernandez da Ponte, Senior VP of the Blockchain, Cryptocurrency, and Digital Currency Group at PayPal, expressed enthusiasm about the move. He said, "Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments." 🙌 However, it's not all smooth sailing. PayPal's PYUSD faces regulatory scrutiny and stiff competition from established players like USDT and Circle USDC. But hey, with a market cap of around $400 million, PYUSD is not to be underestimated! 💪 Stay tuned for more exciting updates in the BTC world! 🚀
🚀Buckle up, BTC enthusiasts! PayPal's stablecoin PYUSD, which launched on Ethereum last year, is making a grand entrance on the Solana blockchain. 🎉This move gives users the power to choose between multiple blockchain networks, offering more flexibility and control over transactions and holdings.

Why Solana? PayPal cites Solana's ability to handle a massive volume of transactions at high speeds and extremely low costs as the main reason. With Solana being the go-to blockchain for tokenized transactions and the most utilized for stablecoin transfers, it's a match made in crypto heaven! 🌐

Jose Fernandez da Ponte, Senior VP of the Blockchain, Cryptocurrency, and Digital Currency Group at PayPal, expressed enthusiasm about the move. He said, "Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments." 🙌

However, it's not all smooth sailing. PayPal's PYUSD faces regulatory scrutiny and stiff competition from established players like USDT and Circle USDC. But hey, with a market cap of around $400 million, PYUSD is not to be underestimated! 💪

Stay tuned for more exciting updates in the BTC world! 🚀
📣 Hey BTC enthusiasts! Let's take a quick detour and check out what's happening with Polkadot (DOT). 🧐 DOT's been dancing around the $7.4 resistance level, with the 100-day moving average and the RSI indicator hinting at a tug-of-war between buyers and sellers. 😬 The market's at a crossroads, and the next price action could be a game-changer for DOT's future. 🚦 Now, if we zoom into the 4-hour chart, there's a slight upward trend forming an ascending wedge pattern. 📈 But don't get too excited just yet! This pattern could mean a continuation of the initial bearish trend if it breaks from its lower boundary. 😮 Currently, DOT's wrestling with the $7.4 and $7.6 resistance levels, and it's not winning. 🤼‍♂️ The lack of bullish momentum suggests a potential pullback, targeting the pattern’s lower boundary. 📉 But what about the market sentiment? 🤔 The Long/Short Accounts Ratio is at 3, meaning there are three times more long position holders than short. But here's the twist: the total position value is equal on both sides. 🤯 This indicates that the long side is mostly retail traders with smaller positions, while the short side is likely institutional investors with larger positions. 🏦 And guess what? The metric's been dropping, hinting at a possible increase in the average position size of institutional investors on the short side. If this trend continues, it could mean more selling pressure for DOT. 😱 So, while we're all about the BTC love, it's always good to keep an eye on the broader crypto market. Stay tuned for more updates! 🚀
📣 Hey BTC enthusiasts! Let's take a quick detour and check out what's happening with Polkadot (DOT). 🧐

DOT's been dancing around the $7.4 resistance level, with the 100-day moving average and the RSI indicator hinting at a tug-of-war between buyers and sellers. 😬 The market's at a crossroads, and the next price action could be a game-changer for DOT's future. 🚦

Now, if we zoom into the 4-hour chart, there's a slight upward trend forming an ascending wedge pattern. 📈 But don't get too excited just yet! This pattern could mean a continuation of the initial bearish trend if it breaks from its lower boundary. 😮

Currently, DOT's wrestling with the $7.4 and $7.6 resistance levels, and it's not winning. 🤼‍♂️ The lack of bullish momentum suggests a potential pullback, targeting the pattern’s lower boundary. 📉

But what about the market sentiment? 🤔 The Long/Short Accounts Ratio is at 3, meaning there are three times more long position holders than short. But here's the twist: the total position value is equal on both sides. 🤯 This indicates that the long side is mostly retail traders with smaller positions, while the short side is likely institutional investors with larger positions. 🏦

And guess what? The metric's been dropping, hinting at a possible increase in the average position size of institutional investors on the short side. If this trend continues, it could mean more selling pressure for DOT. 😱

So, while we're all about the BTC love, it's always good to keep an eye on the broader crypto market. Stay tuned for more updates! 🚀
🚀 Buckle up, Bitcoin enthusiasts! While we're all about BTC, it's hard to ignore the buzz around Dogecoin (DOGE) lately. The meme coin's price has spiked 10% in two weeks and is currently hovering around $0.165. 🐕💰 Analysts are predicting further gains if DOGE can break through significant resistance between $0.166 and $0.171. If it does, the coin could potentially double, with the next key resistance around $0.322. 📈 Despite being dubbed "slow and boring" compared to newer cryptocurrencies, some analysts believe DOGE could outshine Bitcoin in the coming days. As long as it stays above the major resistance zone of approximately $0.16, we could see some "meme-pump action" soon. 🎢 What's fueling this optimism? Two key indicators: exchange netflow and the DOGE Relative Strength Index (RSI). Outflows have surpassed inflows in the past 24 hours, hinting at a shift from centralized platforms to self-custody methods, reducing immediate selling pressure. Meanwhile, the RSI stands at around 49, suggesting the asset isn't overbought or oversold. 📊 While we remain BTC enthusiasts, it's exciting to see other cryptocurrencies like DOGE making waves in the market. Stay tuned! 🚀🌕
🚀 Buckle up, Bitcoin enthusiasts! While we're all about BTC, it's hard to ignore the buzz around Dogecoin (DOGE) lately. The meme coin's price has spiked 10% in two weeks and is currently hovering around $0.165. 🐕💰

Analysts are predicting further gains if DOGE can break through significant resistance between $0.166 and $0.171. If it does, the coin could potentially double, with the next key resistance around $0.322. 📈

Despite being dubbed "slow and boring" compared to newer cryptocurrencies, some analysts believe DOGE could outshine Bitcoin in the coming days. As long as it stays above the major resistance zone of approximately $0.16, we could see some "meme-pump action" soon. 🎢

What's fueling this optimism? Two key indicators: exchange netflow and the DOGE Relative Strength Index (RSI). Outflows have surpassed inflows in the past 24 hours, hinting at a shift from centralized platforms to self-custody methods, reducing immediate selling pressure. Meanwhile, the RSI stands at around 49, suggesting the asset isn't overbought or oversold. 📊

While we remain BTC enthusiasts, it's exciting to see other cryptocurrencies like DOGE making waves in the market. Stay tuned! 🚀🌕
🎉🎉Hey BTC enthusiasts! Binance is shaking things up!🎉🎉 They're adding new trading pairs on Binance Spot and bidding adieu to some old ones. Get ready to trade BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC. 🚀🚀 And guess what? They're also introducing trading bot services for these pairs. But hold on, there's more! Some pairs are getting the boot. CAKE/TUSD, DYDX/BNB, and LAZIO/BTC will be off the menu from May 31. But don't worry, you can still trade these tokens on Binance Spot. Now, let's talk maintenance. Binance is hitting the pause button on deposits and withdrawals on the Ethereum network on May 29 for a quick two-hour maintenance. But fear not, trading of tokens won't be impacted and Binance promises to handle all technical requirements. Remember, folks, only trust information from official sources. So, stay tuned for more updates and keep those BTC vibes high! 🚀🚀🎉🎉
🎉🎉Hey BTC enthusiasts! Binance is shaking things up!🎉🎉 They're adding new trading pairs on Binance Spot and bidding adieu to some old ones. Get ready to trade BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC. 🚀🚀 And guess what? They're also introducing trading bot services for these pairs.

But hold on, there's more! Some pairs are getting the boot. CAKE/TUSD, DYDX/BNB, and LAZIO/BTC will be off the menu from May 31. But don't worry, you can still trade these tokens on Binance Spot.

Now, let's talk maintenance. Binance is hitting the pause button on deposits and withdrawals on the Ethereum network on May 29 for a quick two-hour maintenance. But fear not, trading of tokens won't be impacted and Binance promises to handle all technical requirements.

Remember, folks, only trust information from official sources. So, stay tuned for more updates and keep those BTC vibes high! 🚀🚀🎉🎉
🎉🚀Bitcoin (BTC) enthusiasts, brace yourselves! Our beloved crypto has been on a rollercoaster ride, soaring to over $70,000 before taking a slight dip to $67,000. But don't fret, it's back and steadying at $68K. 🎢💪 Last week was a whirlwind, with BTC's value fluctuating wildly due to the US SEC's approval of spot Ethereum ETFs. The news sent BTC skyrocketing to nearly $72,000, only to plummet to below $66,500 just hours before the actual approval. 😲📉 But BTC is nothing if not resilient! It regained traction over the weekend, breaking above $70,000 once again. Despite a minor setback, BTC bounced back to near $69,000. Currently, it's comfortably sitting just above $68,000. 📈💰 While BTC's market cap remains below $1.350 trillion, its dominance over altcoins has taken a minor hit, now at 49.6%. 🌐💹 In other news, meme coins are having a field day! SHIB led the pack with a whopping 15% surge overnight, even surpassing Cardano to become the 11th largest cryptocurrency by market cap. WIF isn't far behind, soaring by 20% and trading close to $4. 🐕🚀 Despite ETH's minor 0.4% dip, it's still trading above $3,800. The total crypto market cap has recovered $35 billion overnight and now sits above $2.7 trillion. 🌐💸 So, BTC lovers, keep your eyes peeled and your spirits high! The crypto world never sleeps, and neither does BTC! 🌙💫
🎉🚀Bitcoin (BTC) enthusiasts, brace yourselves! Our beloved crypto has been on a rollercoaster ride, soaring to over $70,000 before taking a slight dip to $67,000. But don't fret, it's back and steadying at $68K. 🎢💪

Last week was a whirlwind, with BTC's value fluctuating wildly due to the US SEC's approval of spot Ethereum ETFs. The news sent BTC skyrocketing to nearly $72,000, only to plummet to below $66,500 just hours before the actual approval. 😲📉

But BTC is nothing if not resilient! It regained traction over the weekend, breaking above $70,000 once again. Despite a minor setback, BTC bounced back to near $69,000. Currently, it's comfortably sitting just above $68,000. 📈💰

While BTC's market cap remains below $1.350 trillion, its dominance over altcoins has taken a minor hit, now at 49.6%. 🌐💹

In other news, meme coins are having a field day! SHIB led the pack with a whopping 15% surge overnight, even surpassing Cardano to become the 11th largest cryptocurrency by market cap. WIF isn't far behind, soaring by 20% and trading close to $4. 🐕🚀

Despite ETH's minor 0.4% dip, it's still trading above $3,800. The total crypto market cap has recovered $35 billion overnight and now sits above $2.7 trillion. 🌐💸

So, BTC lovers, keep your eyes peeled and your spirits high! The crypto world never sleeps, and neither does BTC! 🌙💫
🚀🚀 Bitcoin lovers, let's talk about Shiba Inu (SHIB)! This meme coin has been making waves, with a 16% daily rise, and a market cap of $16.9 billion, making it the 11th largest cryptocurrency! 🎉 SHIB, the self-proclaimed Dogecoin-killer, has been outperforming other meme coins with its trading volume in the past 24 hours reaching nearly $1.9 billion! 💸💸 But what's driving this surge? Two key factors: the project’s burning mechanism and the advancement of its layer-2 scaling solution – Shibarium. The burn rate exploded by almost 600% a week ago, resulting in almost 10 million tokens destroyed, making SHIB scarcer and potentially more valuable! 💥 Shibarium, aiming to lower transaction fees and improve speed, has made great strides since its launch last summer, surpassing the 400 million mark in terms of total transactions. 🚀 Despite the surge, SHIB remains the second-biggest meme coin, trailing behind Dogecoin (DOGE), which has a market capitalization of over $24 billion. So, while we're all about the BTC, it's worth keeping an eye on these meme coins! 🧐🧐
🚀🚀 Bitcoin lovers, let's talk about Shiba Inu (SHIB)! This meme coin has been making waves, with a 16% daily rise, and a market cap of $16.9 billion, making it the 11th largest cryptocurrency! 🎉

SHIB, the self-proclaimed Dogecoin-killer, has been outperforming other meme coins with its trading volume in the past 24 hours reaching nearly $1.9 billion! 💸💸

But what's driving this surge? Two key factors: the project’s burning mechanism and the advancement of its layer-2 scaling solution – Shibarium. The burn rate exploded by almost 600% a week ago, resulting in almost 10 million tokens destroyed, making SHIB scarcer and potentially more valuable! 💥

Shibarium, aiming to lower transaction fees and improve speed, has made great strides since its launch last summer, surpassing the 400 million mark in terms of total transactions. 🚀

Despite the surge, SHIB remains the second-biggest meme coin, trailing behind Dogecoin (DOGE), which has a market capitalization of over $24 billion. So, while we're all about the BTC, it's worth keeping an eye on these meme coins! 🧐🧐
📣Crypto enthusiasts, buckle up! 🚀 Santiment, a crypto data platform, has been tracking the movements of our beloved crypto whales and sharks, and it's been a wild ride! 🐋🦈 For the uninitiated, these are the big players who hold more than $100,000 in their wallets, and their movements can significantly impact the market. 📈📉 Now, let's talk about Bitcoin (BTC). 🪙 Santiment found that the percentage of BTC held by wallets with 10 to 10,000 BTC has dipped 0.40% in the past two months. 📉 Also, BTC transfers worth $100,000 and above have been on the decline. But don't panic! 😱 This isn't necessarily a bad thing. It just means that these key stakeholders aren't finding significant opportunities to profit or accumulate right now. 🤷‍♂️ But here's the kicker: Ethereum (ETH) is gaining on Bitcoin! 💪 Over the past 14 months, wallets holding at least 10,000 ETH have accumulated 21.39 million ETH, increasing their balances by 27%. 🚀 The recent approval of Ethereum exchange-traded funds (ETFs) has further pushed this accumulation trend upwards. 📈 So, what's the takeaway? 🤔 Santiment predicts that if these ETH whales continue their accumulation, Ethereum could continue to gain on Bitcoin. 🏁 So, keep your eyes peeled, folks! 👀 The crypto world is full of surprises! 🎉
📣Crypto enthusiasts, buckle up! 🚀 Santiment, a crypto data platform, has been tracking the movements of our beloved crypto whales and sharks, and it's been a wild ride! 🐋🦈

For the uninitiated, these are the big players who hold more than $100,000 in their wallets, and their movements can significantly impact the market. 📈📉

Now, let's talk about Bitcoin (BTC). 🪙 Santiment found that the percentage of BTC held by wallets with 10 to 10,000 BTC has dipped 0.40% in the past two months. 📉 Also, BTC transfers worth $100,000 and above have been on the decline. But don't panic! 😱 This isn't necessarily a bad thing. It just means that these key stakeholders aren't finding significant opportunities to profit or accumulate right now. 🤷‍♂️

But here's the kicker: Ethereum (ETH) is gaining on Bitcoin! 💪 Over the past 14 months, wallets holding at least 10,000 ETH have accumulated 21.39 million ETH, increasing their balances by 27%. 🚀 The recent approval of Ethereum exchange-traded funds (ETFs) has further pushed this accumulation trend upwards. 📈

So, what's the takeaway? 🤔 Santiment predicts that if these ETH whales continue their accumulation, Ethereum could continue to gain on Bitcoin. 🏁 So, keep your eyes peeled, folks! 👀 The crypto world is full of surprises! 🎉
🎉🚀 Big news in the crypto world! HTX, formerly known as Huobi, has surpassed Coinbase in spot trading volumes for the first time, handling a whopping $2.4 billion daily! 💰💪 This milestone was announced by none other than Justin Sun, the founder of TRON blockchain and a global advisor for HTX. Sun is confident that this is just the beginning for HTX, emphasizing that the platform is still in its early stages of growth. 🌱📈 HTX now stands as one of the world's largest crypto exchanges, only trailing behind Binance, Bybit, OKX, and Gate.io. Meanwhile, Coinbase, a leading U.S.-based exchange, oversees approximately $2 billion in daily spot trading volumes, placing it behind HTX and Bitrue. 📉🇺🇸 HTX has been making waves in the crypto community, not just for its trading volumes, but also for its philanthropic initiatives. Two months ago, HTX pledged to donate all Slerf trading revenue on HTX Global, aiming to support Slerf's trading fee mining on HTX. 🌍💖 On the flip side, Coinbase's decline in exchange volume rankings comes amid the company navigating various legal challenges in the United States. 🏛👀 The U.S. SEC filed a securities violation lawsuit against Coinbase, alleging that the firm operates as an unregistered exchange, broker, and clearing agency. These legal hurdles have likely impacted the exchange's trading volumes, providing HTX with an opportunity to rise in the rankings. 🚀🎯 Stay tuned for more exciting updates in the crypto world! 🌐🔥
🎉🚀 Big news in the crypto world! HTX, formerly known as Huobi, has surpassed Coinbase in spot trading volumes for the first time, handling a whopping $2.4 billion daily! 💰💪 This milestone was announced by none other than Justin Sun, the founder of TRON blockchain and a global advisor for HTX.

Sun is confident that this is just the beginning for HTX, emphasizing that the platform is still in its early stages of growth. 🌱📈 HTX now stands as one of the world's largest crypto exchanges, only trailing behind Binance, Bybit, OKX, and Gate.io.

Meanwhile, Coinbase, a leading U.S.-based exchange, oversees approximately $2 billion in daily spot trading volumes, placing it behind HTX and Bitrue. 📉🇺🇸

HTX has been making waves in the crypto community, not just for its trading volumes, but also for its philanthropic initiatives. Two months ago, HTX pledged to donate all Slerf trading revenue on HTX Global, aiming to support Slerf's trading fee mining on HTX. 🌍💖

On the flip side, Coinbase's decline in exchange volume rankings comes amid the company navigating various legal challenges in the United States. 🏛👀 The U.S. SEC filed a securities violation lawsuit against Coinbase, alleging that the firm operates as an unregistered exchange, broker, and clearing agency. These legal hurdles have likely impacted the exchange's trading volumes, providing HTX with an opportunity to rise in the rankings. 🚀🎯

Stay tuned for more exciting updates in the crypto world! 🌐🔥
🚀🚀 Breaking News! Semler Scientific (SMLR), a medical company listed on NASDAQ, has announced its decision to adopt Bitcoin as its "primary treasury reserve asset". The company has initiated its plans with a purchase of 581 BTC at a cost of $40 million. This move sparked a surge in SMLR stock, which skyrocketed by 38% to a high of $33.25! 💹💹 Chairman Eric Semler stated, "Bitcoin is now a major asset class with more than $1 trillion of market value. We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability." 🌐💰 Semler Scientific acknowledges Bitcoin as "digital gold", noting its limited supply and digital nature that makes it easier to move. Semler added, "Given the gap in value between gold and bitcoin, we believe that bitcoin has the potential to generate outsize returns." 📈🔝 This move mirrors the strategy of MicroStrategy, which has accumulated over 214,000 BTC on its balance sheet since August 2020, leading to a surge in its stock price by over 1000%. 🚀🚀 Stay tuned for more updates on this exciting development! 🎉🎉
🚀🚀 Breaking News! Semler Scientific (SMLR), a medical company listed on NASDAQ, has announced its decision to adopt Bitcoin as its "primary treasury reserve asset". The company has initiated its plans with a purchase of 581 BTC at a cost of $40 million. This move sparked a surge in SMLR stock, which skyrocketed by 38% to a high of $33.25! 💹💹

Chairman Eric Semler stated, "Bitcoin is now a major asset class with more than $1 trillion of market value. We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability." 🌐💰

Semler Scientific acknowledges Bitcoin as "digital gold", noting its limited supply and digital nature that makes it easier to move. Semler added, "Given the gap in value between gold and bitcoin, we believe that bitcoin has the potential to generate outsize returns." 📈🔝

This move mirrors the strategy of MicroStrategy, which has accumulated over 214,000 BTC on its balance sheet since August 2020, leading to a surge in its stock price by over 1000%. 🚀🚀

Stay tuned for more updates on this exciting development! 🎉🎉
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