TokenHolder

💬STOCK MARKET REVIEW (DXY & SPX)

U.S. Dollar Index has been unstoppably growing for 12 weeks straight! As the result, S&P500 Index was falling during this time. Crypto survived not the best time as well.

However, at the moment DXY is approaching a strong ascending trend line, while SPX is reaching the strong support level.

What does it mean? If U.S. Dollar Index stops growing and rejects from the resistance, we may finally see some bullishness on SPX and therefore on Crypto too.

➡️Bitcoin Trades at Narrow Discount on BinanceUS

Bitcoin (BTC) was priced at a slight discount on BinanceUS early Friday after the exchange said it would become a crypto-only platform starting June 13.

At 08:25 UTC, the bitcoin-U.S. dollar pair on BinanceUS traded at least $130 below prices on Coinbase and other major exchanges, according to data tracked by the charting platform TradingView.

"BTC now trades at a slight discount on BinanceUS," said Clara Medalie, a director at Paris-based crypto data provider Kaiko. "News of a possible halt in USD withdrawals has caused an uptick in BTC selling as traders quickly try to get their assets off the exchange,"

BinanceUS tweeted late Thursday that it would no longer accept dollar deposits and warned that its banking partners are preparing to pause fiat withdrawal channels as of June 13. The exchange urged clients to reclaim their dollars using bank transfers before then, and said it would begin delisting the dollar-denominated pairs starting next week.

The decision comes days after the U.S. Securities Exchange and Commission (SEC) asked a federal court to freeze BinanceUS' assets, while suing its global entity Binance and rival exchange Coinbase for violating the federal securities law.

The SEC's action saw market makers remove liquidity from BinanceUS' order books. The resulting worsening of the market depth saw bitcoin trade at a premium of more than $1,000 on the exchange at one point.

👀Everywhere you turn today, the buzz is all about one thing — the Azuki Elementals mint.

The fascination, the excitement, and the intrigue around this mint have created a fervor that is impossible to ignore.

The Azuki Elementals are the third addition to the rapidly expanding Azuki universe, including Azuki’s genesis collection and Beanz.

Spanning four different domains (Lightning, Earth, Water, and Fire) and rarity tiers, Elementals consists of 20,000 NFTs.

The first 10,000 were airdropped to Azuki holders at the project's recent Vegas event.

🔗 REVIEW BITCOIN

Todays move up looks organic to me! Now it's approaching the descending resistance!

If BTC fixes above blue level, full throttle and pump to $30k! If it rejects, bears still have a little chance to ruin the party.

🔥SkyBridge Capital CEO Anthony Scaramucci Envisions Trillions of Dollars Pouring into Crypto.

🔥​Reserve Bank of Australia Unveils Proposed CBDC Use Cases

The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers that have been “invited to participate in the live pilot.”

The Australia central bank, which has been exploring the benefits of central bank digital currency (CBDC), recently announced the digital currency’s proposed use cases as well as the names of providers “invited to participate in the live pilot.” In a press statement, the bank, which is known as the Reserve Bank of Australia (RBA), said the chosen use cases were selected from a large number of submissions from industry participants.

Brad Jones, an assistant governor at the RBA, is quoted in the statement lauding the industry participants’ willingness to engage regulators. Jones said:

We are delighted with the enthusiastic engagement by industry in this important research project. It has also been encouraging that the use case providers that have been invited to participate in the pilot span a wide range of entities in the Australian financial system, from smaller fintechs to large financial institutions.

📣BTC is losing the grip here. The chart is just awful, painful to watch.

No need to catch knives here imo! Reminder: my levels are $24300 weekly support and $23300 monthly support!

🌐Cardano Founder Reacts to Epic NFT Sale Costing 63,000 ADA

The Cardano ecosystem is seeing remarkable demand for its non-fungible tokens (NFTs), which might have partly led to some of its NFT collections being sold at noteworthy prices.

Notably, the demand for Cardano Apes has been sustained, driving prices higher. A Twitter user drew attention to this fact, reporting that a Cardano Ape NFT just sold for 63,000 ADA, valued at nearly 20,000 U.S. dollars.

The Twitter user went on to ask for thoughts about the sale. The tweet caught the attention of Cardano founder Charles Hoskinson, who reacted with a GIF image that might suggest someone exploding with excitement.

— Charles Hoskinson

Another interpretation of the GIF image might be to infer that the sale was an "explosive" one. Whichever it may be, the Cardano founder's intent remains unknown.

The Ape Society, Cardano's largest NFT project, saw strong user demand last December, resulting in its floor price setting highs of 10,000 ADA. Ape Society has the highest Collection Share by Volume, accounting for 24.64% over the past 24 hours, according to CNFT data.

Not only is Cardano thriving in its NFT sales, according to Messari's Layer 1 Q2, 2023, comparison report, but Cardano also dominated Q2, 2023, DeFi growth, leading in TVL, stablecoin market cap and DEX volume among the featured Layer 1 despite a 27% QoQ decrease in ADA's price.

💸Binance launches AI-powered NFT generator for KYC-verified users

Crypto exchange Binance’s nonfungible token (NFT) arm announced the launch of its artificial intelligence (AI) NFT generator that lets users produce custom artworks using AI technology.

On July 26, Binance NFT said its AI NFT generator dubbed “Bixel” is now permanently available for its users. According to the trading platform, the tool allows users to generate unique digital art and join the world of NFTs. However, those who wish to use the tool are required to complete the platform’s know your customer (KYC) identity verification process. Binance explained that:

“This critical measure is in place to maintain a trustworthy and secure platform for all users, aligning with best practices and regulatory requirements.”

In addition, those who wish to mint NFTs using the tool are also required to pay a minting fee of 0.008 BNB (BNB), which is around $1.9 at the time of writing. According to Binance, the fee ensures that the NFT creation process is executed properly within the BNB smart chain.

— Binance's AI NFT generator is back!

Bixel is now publicly available, letting you unleash your creativity to generate your own AI artwork.
Create your digital art before the 10th of August for the chance to win 1 BNB!
- Binance (binance)

When it comes to generating artwork using AI, the crypto exchange said they will provide ten chances for users to produce art for free each day.

💬BTC Q4 UPDATE

We've been waiting quite a long time to publish this, but today we received another bearish confirmation and here it is.

You have probably already heard about this massive H&S pattern on the Bitcoin 1-3D chart. The neckline is located at the $25,000 support level.

Most probably we will see a breakdown of this support. Chances of testing the $20,000 level this year are quite high.

The top of the right shoulder can be located in the $28,000 - $30,000 zone which means locally we can still go a bit higher.

We need one more dip before the 2024 - 2025 bullrun! lower lows are extremely unlikely

🗣️ETH/BTC UPDATE

There is a bearish flag. More likely we will see a continuation of the dump to the 0.06 points. Not so good for Altcoins in a short-term period.

📌 ​Large Amounts of TUSD Has Flowed to Exchanges in Last 48 Hours

The blockchain analytics firm tweeted yesterday that True USD (TUSD) has seen waves of previously dormant coins moving to exchanges. According to the tweet, this has increased TUSD’s exchange supply to 73% for the first time since June 22, 2021.

The tweet added that stablecoins flowing to exchanges usually implies increased buying power and may be a good sign for the crypto market.

At press time, TUSD is ranked number 53 on CoinMarketCap’s list of the biggest cryptos by market cap, and has a market cap of approximately $967,957,460. The stablecoin has also seen a 10.28% decrease in its trading volume over the last 24 hours. As a result, the daily trading volume for TUSD stands at $35,875,413.

CoinMarketCap shows that the total stablecoin trading volume over the last 24 hours stands at $31.73 billion. The crypto market tracking website also shows that the total stablecoin volume currently makes up 88.25% of the total volume in the crypto space.

Looking at other stablecoins in the market, Tether (USDT) still leads the way in terms of stablecoins with the biggest market caps, with its estimated market cap of $70,857,235,744.

The next biggest stablecoin by market cap is USD Coin (USDC), with its market cap of $42,557,542,338. This also ranks USDC as the 5th biggest crypto in terms of market cap overall.

The 3rd largest stablecoin and the 8th biggest crypto in terms of market cap is Binance USD (BUSD) with its market cap of $11,127,571,997.

💸Bitcoin's correlation coefficient with Nasdaq lowest since November 2021, with tech shares rising while Bitcoin idles

➡️BTC UPDATE

Bitcoin got rejected from the $28,480 resistance and dumped to $27,300 support. We wrote about this possibility yesterday.

What is the current plan? We NEED to see some positive reaction on the current support. I mean — pump from here.

If it doesn't happen in the nearest future, chances of growing will start drastically decreasing.

🔊XRP News: Ripple Highlights CBDC Adoption; XRP Price Drops 3%

— XRP Still Out Performing Bitcoin, Ethereum

XRP price witnessed a major correction on Friday as it dropped by more than 3%. However, XRP is still the biggest gainer in the last 90 days among the top cryptos. It is up by over 10% outperforming Bitcoin (BTC) and Ethereum (ETH) during this period.

XRP is trading at an average price of $0.495, at the press time. However, its 24 hour trading volume is down by 24% to stand at around $1 billion.

In a recent post, Ripple highlighted the global adoption of Central Bank Digital Currency (CBDC). The world’s largest central banks are planning to pilot the launch of their own Bank backed digital currencies.

The blockchain firm mentioned that it is supporting the Central Bank of Montenegro (CBCG) to launch a CBDC. It added that the Central Bank of Brazil has presented its plan to launch a CBDC in 2024. While the Digital Currency Monetary Authority also announced the Universal Monetary Unit (UMU), a digital coin.

💸Crypto regulation is in the works, and Coinbase isn't ruling out relocation away from the U.S.

“Anything is on the table,” said CEO Brian Armstrong when asked if Coinbase would consider moving to Britain.

In Late March, the U.S. Securities and Exchange Commission warned Coinbase of plans to implement regulation on the company.

Lawmakers have yet to agree on these plans as they decide whether assets like Bitcoin and Ethereum should be considered securities or commodities.

➡️ LTC looks great at this point!

There was a resistance at the $65 level that was broken thanks to the inverse H&S pattern.

After some consolidation, we may see some growth finally!

👥Nomura Expands into Dubai's Crypto Market with Full Regulatory Approval.

👀Ex-Goldman Sachs banker launches crypto app after $33M raise.

Adam Dell, brother of the billionaire Michael Dell, has pinched an impressive team to help get the project started.

The former Head of Product for “Marcus by Goldman Sachs” has launched a crypto investing app, “Domain Money,” raising $33 million from investors on Jan 25.

Adam Dell, brother of Dell computers tycoon Michael, assembled a team of 25 former staff members from Goldman Sachs. Other staffers are leaving their roles at Bridgewater Associates, Morgan Stanley, Coinbase Global Inc. and BlockFi. Former Goldman Sachs CTO Elisha Wiesel, and Christopher Giancarlo, thformer Chairman of the Commodities Futures Trading Commission have also been tapped to join the project.

The app is targeted at retail users, who will be charged an annual management fee of 1% for actively managed and curated investment plans. The app features real-time market intelligence, live customer agents as well as social sentiment analysis.

Gemini will facilitate the app’s crypto trading feature, and Apex Clearing will provide securities trading and custody.

Investors in the project include venture capital firm Bessemer Ventures and Marc Benioff, who is the co-founder of SalesforceInc. Also Maveron, RRE Ventures, SV Angel and Joe Lonsdale

"Investors are looking for access to diverse asset classes, along with security, transparency, and the power to be in control of their finances," said Dell in a Jan 25 announcement, adding that his mission is to grow his customers’ wealth.

“We developed Domain Money to provide investors a sophisticated, intuitive, and holistic platform to invest in crypto, not as a novelty, but as a core component of their portfolios."

🔨 SEC Delays Seven Spot Bitcoin ETF Decision till October.

🔼Meanwhile, BCH looks way much better than Bitcoin!

Makes sense to buy some in the $225 - $235 range if it dumps there in terms of correction.

💸XRP Price Surges By 80% As US Judge Rules XRP Not A Security

After more than two years of back-and-forth legal battles, Ripple has emerged victorious in its dispute with the Securities and Exchange Commission (SEC). A US judge has officially ruled that XRP is not a security, putting an end to the ongoing lawsuit between the two parties. The news has had a positive impact on the price of XRP, with the cryptocurrency surging by 80% following the announcement.

The ongoing legal dispute had a significant impact on XRP’s price and discouraged retail investors. However, the latest news has turned out to be a big win for the XRP community and the crypto community as a whole. According to CoinMarketCap data, XRP went up from a 24-hour low of $0.4680 to its highest price of $0.9382, and at press time, the coin was trading at $0.8771, with the trajectory and likelihood of the coin surging even more.

This ruling is significant for Ripple and the entire cryptocurrency industry, as it provides clarity on the regulatory status of XRP. Many in the industry had been waiting for this ruling, and it could lead to increased adoption of XRP and other cryptocurrencies.

While the ongoing lawsuit had a negative impact on XRP’s price and discouraged retail investors, Ripple’s victory in the case has put those concerns to rest. The ruling could also lead to other cryptocurrencies receiving regulatory clarity, which could be a positive development for the industry as a whole.

📌No, SpaceX Isn't the Cause of This Multi-Billion Dollar Bitcoin Bloodbath

This was the first thought that crossed the mind of Reetika, a Dubai-based bitcoin (BTC) and crypto trader, during her usual routine of checking prices after waking up.

An unexpected and major sell-off in the crypto markets jolted what was an otherwise boring few weeks for crypto and the sentiment was likely shared worldwide among traders and crypto hopefuls, Reetika told CoinDesk in a message.

Bitcoin plunged on Thursday as traders sold the tokens en masse based on several unrelated catalysts, causing the crypto markets to lose 6.7% in overall capitalization in what marked one of the biggest drops in recent months.

In the past 24 hours, Bitcoin fell as much as 9% to $25,000 from $28,500 on Binance, leading to a market-wide fall that sent major tokens like litecoin (LTC) tumbling by 14%. This caused more than $1 billion in crypto futures to be liquidated, a 14-month high.

Some pointed to space exploration company SpaceX’s supposed bitcoin sales – an unsubstantiated claim – while others said the bankruptcy of China Evergreen’s may have had something to do with the fall. However, neither of these events may have impacted prices.

SpaceX merely wrote down the value of its bitcoin holdings, as per a WSJ report. Among accountants, that is the reduction in the book value of an asset when its fair market value has fallen below the book value.

Asset write-downs are common among businesses – as it reduces the value of any holdings for tax purposes. As of Asian morning hours on Friday, SpaceX did not confirm, or report, any sales of its bitcoin holdings. As such, it remains unknown how much bitcoin or crypto the Elon Musk-owned company holds.

📼 BTC DOMINANCE — [HALVING FRACTAL]

There is an interesting coincidence: if we start studying how Bitcoin Dominance behaved before the 2020 Halving, we will see that in 6 months before the Halving it started dumping.

This is quite surprising, isn’t it? More to say, the dump of Dominance back in 2020 started after forming a double top near the 46% level.

What do we have now? The Dominance is forming a Double Top near the 52% level. If the history repeats itself, we may easily expect BTC.D to dump to the 44% levels in the future.

➡️Long-Dormant Ethereum ICO Participant Transfers $116M in ETH to Kraken.

➡️Robinhood Agrees $600 Million Buyback of Seized Sam Bankman-Fried HOOD Stake From US Marshal Service

On August 30, Robinhood entered into a $605.7 million (HOOD) share buyback agreement with the US Marshal Service (USMS) to reclaim shares formerly held by Same Bankman-Fried (SBF) through Emergent Fidelity Technologies.

At the beginning of this year, the US government took possession of the 55 million HOOD shares owned by Bankman-Fried and Gary Wang, co-founders of FTX, through their holding company, Emergent Fidelity Technologies, after Bankman-Fried's cryptocurrency exchange, FTX, and Emergent filed for bankruptcy protection in 2022.

Last November, just six months before Bankman-Fried's company filed for bankruptcy, he disclosed a 7.6% stake in Robinhood.

However, he clarified that he had no intention of taking control of the retail trading platform. At that time, he expressed excitement about Robinhood's business prospects and potential collaboration opportunities with FTX.

According to a US Securities and Exchange Commission Filing dated August 30, the US District Court for the Southern District of New York approved the share repurchase agreement on August 28.

💫Ripple's XRP Ruling Recognized as a Revolutionary Success for Crypto Industry, J.P. Morgan Says.

➡️HOOK reached my second target, bringing 38% profit with 3x lev!

⚡️Snoop Dogg and Happi Co. Bring NFT-Inspired Ice Cream Line to Walmart Stores

Snoop Dogg is making waves again, this time teaming up with Happi Co. to introduce an exciting new line of ice cream called Dr. Bombay. Combining the world of NFTs with real-life treats, Dr. Bombay Ice Cream will hit the shelves of 3,500 Walmart stores starting this week, priced at $4.98 per tub.

Drawing inspiration from Snoop Dogg's very own NFT character, the Dr. Bombay brand will debut with a delightful array of seven flavors, promising a West Coast vibe that captures the essence of where the legendary rapper hails from.

The flavors include Bonus Track Brownie, Cocoa Cream Cookie Dream, Iced Out Orange Cream, Rollin' In the Dough, S'more Vibes, Syrupy Waffle Sundaze, and the lively Tropical Sherbet Swizzle.

For Snoop Dogg, ice cream holds a special significance as more than just a snack; it's a way to unwind, relax, and find joy.
"That's exactly what I want Dr. Bombay Ice Cream to do—bring a smile to your face and ease your mind," Snoop expressed.
The rapper has poured his heart and soul into perfecting these flavors, and he's eager for fans worldwide to experience the delicious creations.

But Dr. Bombay isn't just a catchy name; he's also Snoop Dogg's beloved sidekick, adding a playful and mischievous element to the brand's identity both on social media and in-person interactions. The charismatic ape infuses unexpected fun into the ice cream line, reflecting the vibrant and dynamic nature of Snoop Dogg's persona.

🔼BTC UPDATE

The price made a small pump to the $27,800 resistance but was rejected. This LOCAL setup is valid as long as the price remains above the $27,600 support.

Overall, the bullish priority remains as long as we stay above the $27,000.

⚡️MoneyGram launches non-custodial wallet linking crypto and fiat, featuring USDC.

➡️ NFTs arrive on Instagram: complete tutorial

NFTs, Non-Fungible Tokens, are coming to Instagram as well: here is the full tutorial on how digital assets will be managed in one of the most influential social platforms in the world.

In recent months, Meta brought a novel feature useful for sharing non-fungible tokens purchased or held on other platforms. Recently, however, came the announcement of a system that will allow people to create and sell them directly, without having to go through external services.

For now, the company has involved only a small group of creators in the United States. It is important to highlight that Meta’s choice demonstrates how the NFT market is becoming increasingly attractive around the world.

🔔⁠Bitcoin Ordinals surpass 10M inscriptions as creator Rodarmor steps down

The number of Ordinals has grown from one to 10 million in less than six months.

👀 BTC!

As expected, Bitcoin gave us a good-old pump to $28,480 resistance! Hope you had some BTC in your portfolio.

Volumes are great, we may expect the pump to continue until the $30,000 level.

At the moment the price is consolidating below the resistance of $28,400. We may see a correction from there, you can use it for buying if you want to.

As I've said in the previous update, $27,300 breakout turn me into neutrally-bullish mode. If the price breaks the $28,500 I will be way more bullish.

🔼Bitcoin is up 75% since Jim Cramer told investors to 'get out' in January

Renowned television personality and esteemed host of the popular show “Mad Money,” Jim Cramer, has emerged as a prominent critic of cryptocurrencies, particularly Bitcoin (BTC).

In a bold statement made on January 9, Cramer advised his audience that the current climate presented a “good chance again to get out of crypto,” specifically referencing Bitcoin’s trading value at $17,093.

However, it is worth noting that since Cramer’s cautionary declaration, the flagship digital asset has experienced a remarkable surge, presently trading at $30,020—an impressive 75% increase.

Year-to-date, BTC soared by more than 80%. Remarkably, over the past week alone, Bitcoin has surged by an impressive 17%, exemplifying its resolute upward trajectory. The cryptocurrency’s value soared from $25,500 to above $30,000, resulting in a substantial boost of $80 billion to its market capitalization.

Such overwhelming Bitcoin ETF interest from esteemed institutional investors like BlackRock (NYSE: BLK), Invesco, and WisdomTree has undoubtedly contributed to Bitcoin’s recent surge, further reinforcing its position as a digital asset of immense significance.

❗️Mint Square NFT Marketplace to Discontinue Trading Services By June’s End

The Mint Square NFT marketplace will shut down on June 3. The team has yet to explain the decision, but it could be due to poor traction.

The Mint Square NFT marketplace will stop trading services from June 30, the team announced over Twitter on June 6. The team explained that buying and selling would continue until that date, after which trading would no longer be possible.

Mint Square NFT Marketplace Shuts Down
Mint Square did not offer an explanation for why it was shutting the marketplace down. It could possibly be because of poor performance. There have been several NFT marketplaces that have shut down in recent times.

In February, WazirX shut down its NFT marketplace because of poor traction. Around the same time, the Solana NFT marketplace Formfunction also shuttered. Then there’s CNN, the broadcaster which abandoned its NFT project late last year.

Mint Square is an NFT marketplace that runs on Ethereum layer-2 ZK-rollups-based networks like StarkNet and zkSync Era.

Being on a layer-2 network, NFTs on Mint Square were cheaper and were confirmed faster. Top collections on Mint Square include Stark Agents, Starkpunks, and StarkRock.

🗣️ XRP looks Great at this point!

The price has broken upwards through the $0.5 level and descending resistance!

Now consolidating above. Must keep growing from here.

👀MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC.

⬇️Blockbuster Crypto Wall Street Memes Token to List on Binance in 3 Days Claims Source

There are three days to go before Wall Street Memes, one of 2023’s biggest crypto presales, launches on exchanges, and Binance could be among the tier 1 trading venues being targeted.

WSM coin is at the center of a plan to monetize the meme stocks movement and bring that energy to crypto.

With a one million-strong social community of financially switched-on individuals behind it, a community that Elon Musk interacts with, the opportunity to turn investments of hundreds of dollars into millions has been too good to pass up for many.

According to the Wall Street Memes website, in three days, the first tier 1 centralized exchange (CEX) listings will take place, and it is thought that at least two of them are ranked in the top 10 globally.

But today an inside source has let it slip that the world’s largest crypto exchange, Binance, might possibly be listing the coin.

As crypto trading volumes touch multi-year lows, centralized exchanges are competing fiercely for market share. Binance, at one stage, looked like it would be one of the winners of the crypto winter when it grabbed a market share of as much as 65% earlier this year.

➡️ JPMorgan Forays into Cryptocurrency Travel Landscape through Trademark Application.