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Max Cryptobuddy
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๐Ÿš€ #Bitcoin tried to break $28K but fell back to $27,500 ๐Ÿ˜ฌ - Most #altcoins trading sideways - #ADA & #SOL up a few %, #ETH & #BNB down slightly - #TON back on the rise, up 9% & above $2 ๐Ÿ“ˆ - #AVAX jumps 4%, above $10 - Total #crypto market cap steady at $1.08 trillion What's your next move in the market? ๐Ÿ’ฌ Let's discuss!

๐Ÿš€ #Bitcoin tried to break $28K but fell back to $27,500 ๐Ÿ˜ฌ

- Most #altcoins trading sideways

- #ADA & #SOL up a few %, #ETH & #BNB down slightly

- #TON back on the rise, up 9% & above $2 ๐Ÿ“ˆ

- #AVAX jumps 4%, above $10

- Total #crypto market cap steady at $1.08 trillion

What's your next move in the market? ๐Ÿ’ฌ Let's discuss!

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๐Ÿš€Monochrome Asset Management is launching Australia's first spot Bitcoin ETF today! ๐ŸŽ‰ The IBTC will be the first Aussie fund to hold BTC directly. Trading on the Cboe Australia exchange starts June 4. Monochrome's strategy? A strictly passive buy and hold for Bitcoin. No derivatives, leverage, or short selling. The IBTC is a game-changer, approved under a new crypto licensing category by the AFS in 2021. It's got a custody solution that meets Aussie regulatory standards, with holdings kept offline for safety. This comes as more countries are greenlighting spot Bitcoin ETFs, following the US's successful first wave. Hong Kong just launched its first on April 30. Who's next in the Spot Bitcoin ETF wave? ๐ŸŒŠ Share your thoughts below! #BitcoinETF #Monochrome #IBTC
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๐Ÿ“ฃ Matter Labs, creators of ZkSync Ethereum Layer 2, are waving goodbye to their trademark efforts for the term "ZK". ๐Ÿณ๏ธ โ€ข After a clash with Polyhedra Network over the use of "ZK" as a ticker symbol, Matter Labs faced a backlash from the Web3 community, leading them to drop their trademark plans. โ€ข The firm acknowledged that what works in the Ethereum ecosystem might not be globally applicable, given the diverse perspectives and stakeholders involved. โ€ข Key figures from ZK projects, including Polygon co-founders and StarkWare's CEO, expressed strong opposition to the move. โ€ข StarkWare called the behavior "oppressive", while ConsenSys-backed Layer 2 solution Linea also condemned Matter Labs' actions. Matter Labs said, "Weโ€™re proud to be a part of a movement that cares so deeply about cypherpunk values." What do you think about this? Share your thoughts in the comments! ๐Ÿ—จ๏ธ #Web3 #Layer2 #DeFi #DAO
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๐Ÿ””News Flash๐Ÿ”” Frax Finance's X account was hacked! ๐Ÿ˜ฑ But hold up, it's not as bad as it sounds. Founder Sam Kazemian believes it's an inside job at X, not a security flaw with Frax.๐Ÿ•ต๏ธโ€โ™‚๏ธ โ€ข The breach happened on June 1, leaving the decentralized stablecoin protocol FRAX USD in a pickle. โ€ข Kazemian is pretty sure they've found the culprit, a "serial scammer" known to blockchain investigator ZachXBT. โ€ข No passwords were changed, no phishing attacks on Frax. Kazemian points to potential social engineering and insider involvement at X. The X account is still active, but no new posts since the hack. X and its CEO, Elon Musk, are yet to comment. ๐Ÿค” This isn't the first time X's been linked to crypto project hacks. In May, a trader called GCR reported a similar breach, blaming insider bribes at X. What do you think? Is X the home for crypto it claims to be? Let's chat in the comments! ๐Ÿ‘‡ #FraxFinance #CryptoNews #XHacks
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๐Ÿš€๐Ÿ’ฐ Social Capital CEO Chamath Palihapitiya predicts Bitcoin hitting a whopping $500k per coin by 2025, outshining predictions from firms like Standard Chartered and Bernstein. Based on Bitcoin's past performance after halving events, Chamath's forecast seems plausible. Remember, Bitcoin's price multiplied 7.8x within 18 months after its third halving in May 2020. Halving events, which cut Bitcoin's supply inflation rate in half every 210,000 blocks, create a supply shock that can drive up the asset's price. The demand? Chamath points to an "increasing body of countries" adopting a dual currency standard, like El Salvador. Bitcoin could serve for daily transactions and as a permanent asset with residual value. If Bitcoin does hit $500k, Chamath believes it will "completely replace" gold and even begin to have transactional utility for hard assets. What do you think? Will Bitcoin reach these dizzying heights? Let's chat in the comments! ๐Ÿš€๐Ÿ’ฌ #Bitcoin #CryptoNews
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๐Ÿš€ Roaring Kitty's back on Reddit after 3 years, and he's still holding big on GameStop (GME)! ๐Ÿ’ฐ His $181.4M in GME stocks and call options sparked a meme coin rally, with GME, ROAR, and KITTY coins surging 315%, 660%, and 477% respectively. ๐ŸŽฎ His GME holdings? A cool 17M shares, or 5.6% of GameStopโ€™s market cap. ๐Ÿ”ฅ Following his post, GMEโ€™s stock saw a pre-market increase of over 300%. Note: GME, ROAR, and KITTY coins are inspired by GameStop and Roaring Kitty, but have no official connection. ๐Ÿ”„ Roaring Kitty's recent post hinted at a repeat of the 2021 GameStop frenzy. But not everyone's thrilled - some retail investors expressed frustration at his long absence. ๐Ÿค” What do you think? Is Roaring Kitty's return a setup to capitalize on renewed hype, or is he just playing the game? Let's chat below! #RoaringKitty #GME #MemeCoins #Reddit
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