🚨 Bad News for Bitcoin and Altcoins from US President Biden!🚨

U.S. President Joe Biden has just announced that he vetoed a House Joint Resolution aimed at repealing Staff Accounting Bulletin 121 (SAB 121) from the U.S. Securities and Exchange Commission (SEC).

🔍 **What is SAB 121?**
SAB 121 is an SEC accounting guideline that requires financial institutions holding cryptocurrencies for customers to keep these assets on their own balance sheets. Critics argue this makes it challenging for financial institutions to collaborate with crypto companies.

During his veto decision, President Biden emphasized his commitment to protecting consumers and investors, stating he won't support "any measures that would jeopardize the welfare of consumers and investors." 🛡️

“By invoking the Congressional Review Act, this Republican-led decision would inappropriately restrict the SEC's ability to establish appropriate guardrails and address future issues,” Biden explained.

He reiterated his desire to work with Congress on legislation for the digital asset market, stressing the need for "appropriate guardrails that protect consumers and investors." 🏦👥

Earlier on Friday, Senator Ron Wyden (D-Ore.), a member of Biden's party who voted for the resolution, expressed concerns at the Consensus 2024 conference. He noted that this guidance sets a different standard for crypto compared to other assets in the financial sector.

$BTC $ETH $BNB

#Biden #Biden #Biden #Biden #Biden

🎉🚀 Dear Binance Square Community🚀🎉

I am absolutely thrilled to announce that we've reached a remarkable milestone together: 200,000 followers! 🎊🎈

🙌 Your unwavering support, enthusiasm, and engagement have propelled us to new heights. Whether you're a seasoned crypto trader, a curious newcomer, or simply a passionate advocate for blockchain technology, your presence in our community is invaluable. 🌟

🌐 Binance Square is more than just a platform; it's a vibrant ecosystem where ideas flourish, knowledge is shared, and friendships are forged. From insightful discussions about the latest market trends to celebrating the highs and navigating the lows, each one of you contributes to the heartbeat of our community. 📈💙

🙏 Thank You 🙏

🌟 To our dedicated moderators and admins: Your tireless efforts in maintaining a positive and informative space do not go unnoticed. You're the unsung heroes who keep the conversations respectful and the memes hilarious. 🛡️👏

🌟 To the developers, analysts, and researchers: Your expertise fuels our collective understanding of cryptocurrencies. Your charts, analyses, and predictions light the way through the crypto wilderness. 📊🔍

🌟 To the traders and hodlers: Your passion and resilience inspire us all. Whether you're riding the bull or weathering the bear, you're the heartbeat of Binance Square. 💪💎

🌟 To the meme lords and GIF aficionados: Your creativity adds color to our days. Keep those memes coming—they're the glue that binds us! 🎨😄

🌟 To Binance Square Team: Your vision, dedication, and commitment to excellence have transformed this community into a thriving hub. Thank you for creating a space where knowledge flows freely, and friendships are forged. 🙌🌐

🚀 Let's continue to learn, grow, and celebrate together. The journey ahead is filled with exciting developments, regulatory shifts, and perhaps even a moonshot or two. 🌙🚀

#200K #ThankYou #BinanceSquare

📉 Inflation Update from the Fed's Chair Jerome Powell:

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1. 📉 **Inflation's cooling down** but still hotter than we'd like!

2. 🎯 The Fed's sticking to their **2% inflation sweet spot** goal.

3. 🌍 Thanks to global friends moving in, our **workforce is growing**!

4. 👔 Unemployment's staying low, keeping the job market **steady**.

5. 🧐 The economic crystal ball is a bit foggy, but the Fed's **watching closely**.

6. 🕵️‍♂️ The Fed's on a mission for more signs that inflation's **marching back to 2%**.

7. ⚔️ It's a long battle against inflation, and the Fed's **geared up for the long haul**.

8. 💪 If our economy stays strong and inflation doesn't chill, **interest rates might stick around** at the high table.

🚀 After a tweak in their inflation forecasts, it's clear the Fed's not taking their foot off the pedal anytime soon!

#Inflation #FederalReserve #Economy

🌐 Big news in the world of finance and energy!
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The long-standing 💵 petrodollar system, which tied global oil trades to the US dollar, is taking a turn. As of June 9, 2024, Saudi Arabia has decided to diversify the currencies it accepts for oil. 🔄

🇸🇦 The Kingdom will now welcome payments in multiple currencies like the Chinese RMB, Euros, Yen, and Yuan. This could be a game-changer for the global economy and might even pave the way for digital currencies to shine. 💡

🔍 Keep an eye on this space as we explore how this shift could reshape our financial future!

#Petrodollar #GlobalFinance #CurrencyDiversity

🇺🇸 Former President Donald Trump says "Bitcoin mining may be our last line of defense against a CBDC."

"We want all the remaining Bitcoin made in the USA!"

@Crypto PM $BTC

#donaldtrump #trump #CBDC #bitcoin

💰 Massive Symmtrical Triangle On SOLANA 🚀

Solana retested our $145 SPOT Entry. Currently Trading at $160.

Target : New ATH.

$SOL

#solana #solana #solana #solana #solana

📊 Btc Chart Update 📊

Urgent Bitcoin Update 🔥 🔥 🔥

Time Frame - 4 Hour

Btc marked local bottom at our sniper Second Entry & had a nice bounce of $2000 since then. Yesterday's move to fill some fuel, hunt sell side liquidity was manipulative one.

Right now, while i am posting update, US inflation has been released & it falls to 3.3%. Lower than expected.

While most of them were bearish & flip flopping positions, we persisted.

We also have FOMC after 5 and half hours so market will remain volatile.

FYI, Avg entry for our Swing Long is 67k, Targets remains same. Enjoy the Ride.

@Crypto PM

$BTC

#bitcoin #BTC #BTCUSDT #btc70k #BTC☀

#COMBO

I don't feel like playing alts till Quarter second closes but $Combo feels like a delightful play here.

Entering #Combo Buy Set up in Two Entries at $0.66 ~ $0.74 (Current Price)

Stoploss - Daily Close below $0.60

Short Term Targets - 0.82/ 0.90/ $1

Mid Term Targets - 1.20/ 1.50/ 1.80

HODL Targets - $5 - $7

$COMBO

#Combousdt

🔵 A whale withdrew 4,000 #ETH from Binance, worth about $14 million

Scopescan monitoring shows that a certain whale has withdrawn 4,000 ETH ($14 million) from Binance before today's CPI data and FOMC meeting.

@Crypto PM

$ETH

#Ethereum #ETH🔥🔥🔥🔥

🥇 BTC Price Action After Every FOMC Meeting in 2024.

The next FOMC meeting is tomorrow, June 12th.

#fomc #fomcmeeting #bitcoin #BTC

In Uzbekistan, a student was arrested for 10 days for selling #Notcoin 😱

The court also ordered the destruction of the student's Galaxy A30 phone and bank card.

#Notcoin👀🔥 #Notcoinnews #NotcoinLaunchpool $NOT

ZKSync Airdrop: End of the Retrodrop Era?

The much-awaited ZKSync airdrop has arrived, with only 695,232 out of 5 million wallets eligible.

Key criteria included:

🔹 Interaction with 10 smart contracts
🔹 Depositing in DeFi protocols
🔹 Completing 5 transactions using a paymaster
🔹 Exchanging more than 10 different tokens
🔹 Holding the Libertas Omnibus NFT
🔹 Donating to Gitcoin via ZKSync Lite
🔹 Activity in ZKSync Lite over three different months before the launch of ZKSync Era.

On-chain communities were also rewarded, including Milady Maker and Pudgy Penguins NFT holders, and recipients of DEGEN and Bonsai token airdrops.

The team identified Sybil accounts, and only a few experienced retrodrop hunters succeeded. Focused and organic participation is now essential, making quality more important than quantity.

Source: CryptoRank

#zkSync #zkairdrop #ZKsync #AirdropAlert

📊 Bitcoin Chart Update 📊

Bitcoin hit max pain 66k today (also second entry for our swing setup). I do believe we have formed a local bottom. Seeing such a bearish timeline makes me even more confident that they've been capitulated.

Invalidation only if we close daily below 64k

Long and strong 💪💪

$BTC

#bitcoin #BTC #BTCUSDT #btc70k #BTC☀

BitMEX co-founder Arthur Hayes made a bold prediction about Aptos (APT), an Ethereum competitor. 🚀

He told Coin Bureau’s Jessica Walker that Aptos, a layer-1 smart contract blockchain, will surpass Solana (SOL) this market cycle. 🌟

“I think Aptos could be the number two L1 over Solana within this cycle. That’s a one to three-year sort of prediction.”
Currently, Aptos has a market cap of $3.54 billion, trading at $8.10, down 5.02% in the last 24 hours. Meanwhile, Solana’s market cap is $72.246 billion, trading at $155, down 3.78%. 📉

#memecoins are Here to Stay

Hayes also believes memecoins are here to stay. 💫

“Memecoins are here to stay and are going to get even crazier as there’s more money printed. People love buying trendy things without needing to understand them deeply.

So, memecoins will continue to attract those new to crypto with their easy-to-understand appeal and potential for quick gains.”
In short, Hayes sees a bright future for both Aptos and memecoins. 🌟

Keep an eye on these trends! 👀

#Aptos #Ethereum #solana

The Solana blockchain has been buzzing with activity! 🚀 Despite this surge, SOL's price has dropped. 📉 Market indicators show a weakening correlation between SOL and Bitcoin (BTC), predicting SOL might dip below $160 soon. 😬

In the past 24 hours, Solana saw a significant boost in Unique Active Wallets (UAWs), driven by decentralized apps like Jupiter, Raydium, and Magic Eden. 🌟 Jupiter Exchange led with a 251% increase to 307,100 UAWs! 📈

### Memecoin-Driven Activity and Price Volatility
Platforms like Raydium and Jupiter are seeing a spike due to the memecoin trend, influenced by GameStop (GME) and trader Keith Gill, aka “Roaring Kitty.” 🐱 This memecoin frenzy boosted demand for SOL, but despite this, SOL's price fell 5.44% in the last 24 hours to $162.44. 💔

Traders often engage in pump-and-dump practices, buying memecoins and quickly converting gains to SOL, then to stablecoins or fiat. This leads to ongoing price volatility. 🎢

Solana Price Forecast

Volatility measures rapid price changes. Current trends suggest SOL might dip below $160 soon. 📉 Despite Bitcoin's movements, recent data shows a declining correlation between SOL and BTC. 🔄

In the short term, SOL is unlikely to hit $200. However, long-term predictions suggest SOL could eventually reach $1,000 if the overall market improves. 📈✨

Stay tuned and watch the market! 👀🔍

#Solana⁩ #JupiterToken #Raydium #Memecoin

Hey there, it seems like the Bitcoin ETFs in the U.S. are experiencing a bit of a rollercoaster ride lately! 🎢 After four weeks of seeing some serious gains, they've hit a rough patch.

😬 According to Farside Investors, they recorded a net outflow of $64.9 million on June 10. Ouch! 😓 Especially for Grayscale Bitcoin Trust (GBTC), which took the biggest hit with $39.5 million in outflows.

But hey, it's not all doom and gloom! Bitwise Bitcoin ETF (BITB) and iShares Bitcoin Trust (IBIT) are still hanging in there with some inflows of $7.6 million and $6.3 million, respectively. 🚀

Now, let's talk numbers. The total net inflows of spot BTC ETFs soared past $15.6 billion over those four weeks, which is pretty impressive! 💰 But with investors feeling a bit cautious ahead of the U.S. CPI data release on June 12, things are a bit shaky. Last month's CPI hit 3.4%, as expected, which sparked some bullish vibes. 🐂

As a result, the global crypto market is feeling the pinch, with a 2.8% decline in the past 24 hours. Bitcoin took a dip to $67,600 and Ethereum is inching towards $3,500. It's a sea of red out there, with 94 out of the top 100 cryptocurrencies feeling the heat. 🔥

But hey, in the world of crypto, every dip is just another opportunity, right? 😉

#bitcoin #BTC #ETF #Binance #BlackRock

Pepe Price Prediction: Will PEPE Plunge 20% This Month?

**Market Overview:**

With Bitcoin's price dropping below its crucial support level of $68,000, the memecoin sector has been hit hard. Top memecoins have seen significant value declines, and the Pepe token is no exception. It has shown strong bearish behavior, recording a 2% drop in the past day and a 13.96% decline over the past week.

### Key Points:

- **Recent Price Movement:**

- Pepe regained momentum after a weak period, surging by 157.85% before pulling back at $0.00001150.

- The memecoin found support at $0.00000880, doubling in value within eight days to a new ATH of $0.00001718 on May 27th.

- **Current Sentiment:**

- After hitting the ATH, Pepe experienced a bearish reversal, indicating increased selling pressure.

- Technical indicators, such as MACD, show a rise in the red histogram and a sharp plunge in averages, suggesting a continued decline in price.

Price Analysis:

- **Support and Resistance Levels:**

- **Current Support:** $0.00001150

- **Immediate Resistance:** $0.00001410

- **Crucial Support:** $0.00000880

- **Potential Scenarios:**

- **Bullish Scenario:** If the market holds above $0.00001150, bulls could push the price to test the $0.00001410 resistance. If sustained, Pepe might retest its ATH.

- **Bearish Scenario:** If bears take over, the price could break below $0.00001150, heading towards the crucial support level of $0.00000880.

Conclusion:

The current market dynamics suggest a challenging period for Pepe. Investors should monitor key support and resistance levels closely. A bullish hold above $0.00001150 could see a recovery, while a drop below this level could signal further declines toward $0.00000880.

#pepecoin🐸 #pepe⚡ #PEPEAnalysis #PEPEATH #Pepe

Ripple CEO Brad Garlinghouse Casts Doubt on Dogecoin Amid Market Volatility 🐶📉

### Key Highlights:

Ripple CEO Brad Garlinghouse recently expressed skepticism about Dogecoin (DOGE) and other speculative assets at the Consensus conference, stirring up debate about the future direction of the cryptocurrency market.

### Dogecoin Market Overview:
- **Current Price**: $0.1409, a 2.85% decline in the last 24 hours.

- **Recent Volatility**: The price rose to $0.148 before declining, reflecting market dynamics and heightened trading activity.

- **24-Hour Trading Volume**: $980.86 million, a 51.86% increase, indicating strong interest amidst price fluctuations.

- **Market Cap**: $20.39 billion with a circulating supply of 144.66 billion DOGE.

- **Volume-to-Market Cap Ratio**: 4.80%, showing an active market.
### Price Analysis and Key Levels:

- **Immediate Support**: Around $0.141, recently tested. If breached, the next support is approximately $0.140, a psychological threshold.

- **Immediate Resistance**: At $0.148. Breaking above this could lead to testing higher resistance around $0.150.

- **Mid-Term Support**: Identifiable in the $0.130-$0.135 range, historically significant during previous declines.

- **Mid-Term Resistance**: Around the $0.155-$0.160 range, a key level before previous price drops.

### Technical Indicators:

- **1-Day Relative Strength Index (RSI)**: 36.67, nearing oversold territory, possibly indicating a price reversal or stabilization.

- **1-Day Moving Average Convergence Divergence (MACD)**: Below the signal line, suggesting a bearish short-term outlook.

### Market Sentiment:

Brad Garlinghouse's skepticism highlights the ongoing debate about the viability and future of speculative assets like Dogecoin. Investors should remain cautious and monitor key support and resistance levels to navigate the volatile market conditions.
---
*Disclaimer: This information is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making any investment decisions.

#XRP

Leading Bitcoin Miners Achieve Billion-Dollar Market Caps 🚀💰

Key Highlights:

**Top Publicly Traded Bitcoin Miners:**

Recent data from Farside reveals that 8 out of the top 30 publicly traded Bitcoin miners have market capitalizations exceeding $1 billion. Here are the top players:

1. **Marathon Digital Holdings (MARA)**: $5.5 billion

2. **Cleanspark (CLSK)**: $3.6 billion

3. **Riot Platforms (RIOT)**: $2.9 billion

4. **Iris Energy (IREN)** and **Core Scientific (CORZ)**: $1.5 billion each

5. **Northern Data (NB2)**: $1.4 billion

6. **Cipher Mining (CIFR)**: $1.3 billion

7. **Terawulf (WULF)**: $1 billion

Additionally, **Bitfarms (BITF)**, **Hut 8 (HUT)**, and
**Bitdeer Technologies (BTDR)** are close to reaching the $1 billion mark. Collectively, these 30 miners have a total market cap of $23 billion.

Bitcoin Miners ETF & Market Trends 📈

**Bitcoin Miners ETF (WGMI)**:

- **Performance**: WGMI has seen a 9% rise this year, bouncing back from an earlier 26% decline.

- **Comparison**: While WGMI has shown positive recovery, MicroStrategy (MSTR) surged 134% year-to-date (YTD), significantly outperforming Bitcoin's own 53% increase.

# Market Insights:

The performance divergence between WGMI and MicroStrategy highlights different market dynamics and investor sentiment towards Bitcoin and related equities. Despite the challenges earlier in the year, the recovery of Bitcoin miners and related ETFs suggests a resilient and evolving market.
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*Disclaimer: This information is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making any investment decisions.*
---

#BitcoinMiners #Bitdeer #bitcoin #BTC #Mining

Iggy Azalea's MOTHER Token Surges, Then Dips Amid Market Selloff 📉💥

#Key Highlights:

- **Surge in Value**: Iggy Azalea’s MOTHER Token saw a dramatic 30% surge following the announcement of its new real-world utility. Token holders will soon be able to purchase mobile phones and monthly cellphone subscription plans.

- **Market Reaction**: The initial excitement led to a quick interest in the memecoin, pushing its value up. However, the token is now down 17.3% in the last 24 hours, trading at $0.155 amid a wider market selloff.

- **Trading Volume**: The total trading volume of meme tokens dropped by over 12%, amounting to $5.46 million in the last 24 hours.

Analysis:

The recent announcement from Iggy Azalea about the MOTHER Token's real-world utility ignited a significant surge in its value, highlighting the market's responsiveness to tangible use cases for cryptocurrencies. However, the overall market conditions have contributed to a subsequent decline, reflecting broader trading behaviors and sentiment in the crypto space.

Market Impact:

- **Real-World Utility**: The ability for token holders to purchase mobile phones and subscriptions adds practical value to the MOTHER Token, setting a precedent for memecoins with real-world applications.

- **Volatility**: The rapid surge and decline underscore the volatility inherent in meme tokens, influenced by both specific announcements and overall market trends.

- **Trading Volume**: The 12% drop in meme token trading volume highlights a cautious market sentiment, affecting not only MOTHER Token but the wider category.

Conclusion:

The MOTHER Token's rollercoaster ride emphasizes the impact of utility announcements on memecoins while also illustrating the volatility they can experience in a fluctuating market. As the crypto community continues to navigate these dynamics, the focus on real-world applications may drive future interest and stability.

#MOTHER #IggyAzalea #Solana⁩