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XRP Soars with $1M Fund Flows as Predicted by SEC Ruling
According to the latest weekly report from CoinShares, in the last seven days, XRP flows reached $1.1 million. This is an excellent result for the asset, considering the rest of the market experienced a difficult week, with digital asset investment products recording outflows of $600 million. Another notable fact is that such inflows continue for the second week in a row, which seemingly suggests that investors in traditional markets are preparing for a big move in XRP. The possible explanation behind this behavior of investors lies in the fact that they plan for a quick resolution of the SEC case against Ripple. Currently, the parties are discussing the remedies that Ripple should pay as a penalty for unregistered sales of XRP to institutional investors; the company wants to pay $10 million, while the SEC demands almost $2 billion.
Legendary “cup and handle” pattern appears in (BTC)
According to the latest network data, Bitcoin has been identified forming one of the most bullish patterns on its chart, called “cup and handle”. This pattern could improve sentiment as it has historically been a sign of significant price increases. The last time Bitcoin formed a cup and handle pattern was in 2016; at that time, it resulted in a major breakout and a prolonged bull run. With a striking similarity between 2016 and this year’s chart, BTC enthusiasts can expect such a positive scenario to repeat itself. If this really happens, there could be a substantial increase in Bitcoin prices soon. Despite general market volatility, Bitcoin has demonstrated resilience. The price of Bitcoin has been oscillating between important resistance and support levels recently. BTC is currently trading at $64,594, down 1.16% in the last 24 hours, per CoinMarketCap.
The company’s Shibarium soars 962% in key metric
Over the past 24 hours, Shiba Inu’s tier 2 solution, Shibarium, has witnessed a huge increase in the number of new user accounts; this metric increased from 16 on June 15 to 154 on June 16, demonstrating a 962% jump. Interestingly, this increase in new users coincided with an increase in the average amount spent per transaction on BONE, Shiba Inu’s native token. According to Shibariumscan, the average transaction value increased from 0.00222 BONE to 0.00458 BONE. However, even with the influx of new accounts and higher transaction values, the network saw a decline in active accounts and total transactions. This can be explained by the fact that new users may be signing up to explore the platform or to hold BONE and SHIB tokens, rather than to carry out transactions.
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
Bitcoin
‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
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Bitcoin (BTC) miner Riot Platforms (RIOT)’s second-quarter loss widens to $84.4 million as costs rise
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At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
James Lavish – “How Trump’s Bitcoin Plan Could Make America the Financial Superpower”
This is certain! The strategic reserve of Bitcoin in the United States will arrive in 2025 – Matt Hugan
Lyn Alden – The Real Bitcoin Bull Run Will Begin Very Soon (It Will Be Explosive)
“Trump’s BTC strategy will cause a huge price explosion” – Mark Yusko
“President Trump has opened the catheters! Millions of people will buy BTC in 2025” – Brian Armstrong
Bitcoin soars above $63,000 as money flows into new US investment products
Ethena downplays danger of letting traders use USDe to back risky bets – DL News
Zodialtd.com to revolutionize derivatives trading with WEB3 technology
FRA Strengthens Cryptocurrency Practice with New Director Thomas Hyun
Bitcoin Fails to Recover from Dovish FOMC Meeting: Why?
James Lavish – “How Trump’s Bitcoin Plan Could Make America the Financial Superpower”
This is certain! The strategic reserve of Bitcoin in the United States will arrive in 2025 – Matt Hugan
Lyn Alden – The Real Bitcoin Bull Run Will Begin Very Soon (It Will Be Explosive)
“Trump’s BTC strategy will cause a huge price explosion” – Mark Yusko
“President Trump has opened the catheters! Millions of people will buy BTC in 2025” – Brian Armstrong
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News6 months agoBitcoin soars above $63,000 as money flows into new US investment products
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DeFi6 months agoEthena downplays danger of letting traders use USDe to back risky bets – DL News
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DeFi6 months agoZodialtd.com to revolutionize derivatives trading with WEB3 technology
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News6 months agoFRA Strengthens Cryptocurrency Practice with New Director Thomas Hyun
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Markets6 months agoBitcoin Fails to Recover from Dovish FOMC Meeting: Why?
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DeFi9 months ago👀 Lido prepares its response to the recovery boom
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DeFi8 months agoPancakeSwap integrates Zyfi for transparent, gas-free DeFi
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Videos8 months agoBlackRock and Wall Street ready to take Bitcoin directly to $200,000 – Anthony Scaramucci
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DeFi8 months ago
🏴☠️ Pump.Fun operated by Insider Exploit
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Videos9 months agoThis is the exact and unique time to sell your crypto asset – Raoul Pal
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Videos9 months ago“BlackRock HAS UNLEASHED a massive multi-trillion monster” – Lyn Alden and Eric Balchunas
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Videos8 months agoONLY 2 WEEKS LEFT! Cryptocurrency Prices Are About to Go Crazy – Raoul Pal