Simply built different 😄

Bitcoin ETFs had their best day of inflows since March with Fidelity's FBTC ETF getting $378 million in inflows and BlackRock's IBIT $270 million 📈

BlackRock, Citadel Securities-backed TXSE group is planning to launch the Texas Stock Exchange based in Dallas 🏦

K33 Research said in a report that Ethereum ETFs are soon arriving in the US and could attract $4 billion of inflows in the first five months 💸

Tether CEO said that a prominent vendor used by crypto companies to manage mailing lists might have been compromised, so beware of any emails suggesting crypto-airdrops, etc ⚠️

🔹 Last 24 hours top 3 gainers:

FLOKI - $0 (↑20.73%)
Uniswap - $11.19 (↑16.63%)
ORDI - $56.21 (↑16.19%)

#GM

Whales accumulate ETH 🐳

The balance of new accumulation addresses between 10-10k and 10k-100k Ethereum tokens continues to grow. 

The steady trend continues despite a recent failed attempt to reach $4,000 per ETH 📈

BlackRock is pumping ONDO token? 😲

The token of Ondo Finance (ONDO) grew by 67.2% in just the last 30 days. In our new video, we discuss the reasons behind such a massive price increase and also answer these questions 👇

• How is BlackRock related to Ondo?

• Is there potential for more growth, where ONDO price will go next?

• What are the three other RWA tokens with big potential?

Don't miss out! Watch now 🍿

https://www.youtube.com/watch?v=GTMAzPh1mfo&ab_channel=CoinPost

✅ The bulls seem to be getting serious, BTC was able to hold its ground and almost reached the $72,000 mark today, now trading above $71k 💪

Day summary:

🔸 Coinbase announced it is launching a new “smart wallet”

🔸 Scammers hijacked the official Microsoft India X account and used it to promote scam ICO

🔸 Tether CEO said that a prominent vendor used by crypto companies to manage mailing lists might have been compromised

🔸 Bitcoin ETFs had their best day of inflows since March 📈

🔸 BlackRock, Citadel Securities-backed TXSE group is planning to launch the Texas Stock Exchange

🔸 K33 Research said in a report that ETH ETFs could attract $4 billion of inflows in the first 5 months 😳

🔸 90 billion asset manager VanEck predicts Ethereum will reach $22,000 by 2030 

🔹 Prices:

🌐 Bitcoin - $71,094 (↑0.7%)
🔹 Ethereum - $3,848 (↑0.8%)
📉 S&P 500 - 5,354 (↑1.18%)
💲 DXY - 104.30 (↑0.18%)
🌕 Gold - 2,355 (↑1.18%)

Bears won't last long like this 🤣

Yesterday was the second day in a row of huge spot Bitcoin ETF inflows with exchange-traded funds receiving an influx of $488 million 🛒

A college student in China issued a token on BNBChain and was found guilty of fraud by the court and sentenced to more than 4 years in prison for rugging it 🇨🇳

Nocturne, an Ethereum privacy protocol, announced that it had decided to gradually shut down the company after stopping the privacy protocol established earlier last year 🫡

Cosmos Hub said that during the v17 upgrade, Hub validators patched a security vulnerability in the Liquid Staking Module because of this blockchain experienced a nearly 4-hour outage early this morning and has now resumed ⌛️

🔹 Last 24 hours top 3 gainers:

Brett - $0.139 (↑25.13%)
Stacks - $2.38 (↑6.49%)
Mantle - $1.035 (↑6.46%)

#GM

VanEck Research predicts that the Ethereum price will reach $154,000 per coin in 2030 in a "bull case" scenario 📈

While this sounds pretty bullish, keep in mind that the same research paper states the possibility of $360 per coin in the "bear case" 😄

How convenient, maybe we should start making predictions with such a spread of possible outcomes? 🤔

This is a super rare BUY signal on the 3-week BTC chart. This bullish signal has only occurred 3 times in the last 12 years, so it might be worth paying attention 👀

✅ Attempts by the bears to push Bitcoin below $70,000 have failed as the bulls continue to consolidate before the next move 👀

Day summary:

🔸 The European Central Bank cut its main interest rate from 4 to 3.75% for the first time in five years 

🔸 Binance can once again allow Mastercard users to purchase crypto

🔸 VanEck Research predicts that the Ethereum price will reach $154,000 in 2030 in a "bull case" scenario 📈

🔸 Nocturne, an Ethereum privacy protocol, announced that it had decided to shut down the company

🔸 A college student in China got sentenced to more than 4 years in prison for rugging a mem coin

🔸 Cosmos Hub blockchain had a nearly 4-hour outage early this morning and has now resumed ⏳

🔸 McDonald's launched "My Happy Place" metaverse in Singapore

🔹 Prices:

🌐 Bitcoin - $70,668 (0.7%)
🔹 Ethereum - $3,798 (↓1.7%)
📉 S&P 500 - 5,352 (↓0.56%)
💲 DXY - 104.12 (↓0.14%)
🌕 Gold - 2,375 (↑0.87%)

Institutions snaping up BTC from weak hands 💸😄

Long positions are dominant and willing to pay bears to keep their positions open as funding rates hover well above zero. The lack of speculative froth means the latest breakout above $70,000 could be longer-lasting than it was the last time 📊

The US Department of Justice charges three UK nationals with orchestrating a $3 million scam related to the “Evolved Apes” NFT collection 🖼

Nvidia CEO Jensen Huang disclosed in a regulatory filing that he expects to sell up to $735 million in his company's stock 👀

Robinhood has announced its purchase of Bitstamp Ltd., a European cryptocurrency exchange for $200 million 🤝

New York Attorney General Letitia James has levied another billion-dollar lawsuit against crypto exchange NovaTech and mining firm AWS Mining. They got accused of “engaging in illegal pyramid schemes” ⚖️

🔹 Last 24 hours top 3 gainers:

Brett - $0.167 (↑22.26%)
Injective - $29.5 (↑14.69%)
Wormhole - $0.694 (↑12.61%)

#GM

Be optimistic about crypto and technology 📈

There is an astonishing amount of "vaporware" in the crypto industry, making it understandable why people are often cynical about what is being built 👨‍💻

However, amidst this skepticism, a select few assets will outperform all other major global assets over the next decade. Your goal is to capture the upside potential of this asset class over that period.

🏆 Optimists, over a long enough time horizon, always emerge victorious. It’s crucial to remain optimistic, albeit with occasional periods of defensive pessimism to navigate through uncertainties.

Be skeptical, but always hope for the best, and over a long enough time, you will win this game

Yesterday, the ECB cut the interest rate by 0.25% to 4.25%, one day after the Bank of Canada cut the rate by 0.25% to 4.75%. The US Fed is likely to cut the rates this year too 🏦

📊 In historical terms, interest rate cuts by the Federal Reserve have averaged 26 months and 6.35% per cycle, typically occurring during economic slowdowns or recessions.

Financial assets react variably, with stocks and real estate usually declining during the cuts but recovering afterward, while bonds tend to perform well throughout ❗️

✅ Challenging $72,000 earlier on Friday, BTC and gold began headed lower in the US morning hours after the government's employment report for May came in far stronger than expected 📉

Day summary:

🔸 Bitcoin will moon as central banks pivot to lower interest rates en masse, according to BitMEX co-founder Arthur Hayes

🔸 The US DoJ charges three UK nationals with orchestrating a $3 million scam related to the “Evolved Apes” NFT collection

🔸 Nvidia CEO is expected to sell up to $735 million in his company's stock 💸

🔸 Robinhood has announced its purchase of Bitstamp CEX for $200 million

🔸 New York Attorney General has levied a billion-dollar lawsuit against crypto exchange NovaTech and mining firm AWS Mining

🔸 Medical manufacturer Semler Scientific plans to buy $150 million in Bitcoin 🛒

🔸 US unemployment rate in May rose by 0.1% to 4% (3.9% forecast)

🔹 Prices:

🌐 Bitcoin - $69,229 (↓2.1%)
🔹 Ethereum - $3,688 (↓2.8%)
📉 S&P 500 - 5,346 (↓0.11%)
💲 DXY - 104.93 (↑0.8%)
🌕 Gold - 2,294 (↑3.45%)

A brief look at today's market 😅

All bubbles look the same 🫧

Financial bubbles often begin with a gradual increase in value as early investors enter the market. This initial phase is characterized by steady growth and little public attention.

🚀  As more people invest, prices rise rapidly, fueled by media coverage and public excitement. At the peak, optimism and greed drive prices to unsustainable levels, creating a bubble.

During the euphoria phase, delusional investors and speculators start talking about how this stock/coin, unlike many others, will never crash and how it will change the world.

💥  When the bubble bursts, there's a sharp decline with some bull traps as fear and panic set in. And when the moment comes when almost no one believes in a price recovery, a new cycle of growth begins 🌱

Next to the illustration of the classic bubble chart above is a chart of Nvidia stock. Do you think it will happen again, or "this time is different"? 🤔

#crypto_tips

Investors purchased 25,000 bitcoin through spot BTC ETFs this week. That's $1.73 billion 😳

Now imagine where the Bitcoin price will be if such inflows continue for a whole year 👀

Understanding EMA Trend Indicators 📊

EMAs (Exponential Moving Averages) help traders smooth out price data, focusing on intermediate and long-term trends

In this example, the 50-day EMA tracks the average intermediate price of 50 days, while the 200-day EMA shows the average price over the last 200 days.

📈 In the chart above, the 50-day EMA (blue line) and the 200-day EMA (light blue line) rose steadily until the summer. Then, the 50-day EMA turned lower in August, followed by the 200-day EMA in September.

This led to a "Death Cross" when the 50-day EMA crossed below the 200-day EMA (red circle), indicating a bearish trend 📉

Conversely, a "Golden Cross" occurs when the 50-day EMA crosses above the 200-day EMA, signaling a potential bullish market 🐂

✔️ Use these indicators together with other indicators to confirm trends. For example, bearish EMAs combined with overbought RSI or MACD signals an upcoming strong bearish reversal.

📌 Save for later and share with a friend!

#trading_tips

✅ The week started with an unexpected rise above $71k, after which bulls tried twice to take the $72,000 level, both times unsuccessfully, and later Bitcoin dumped below $70k, where we are now even though recent ETF inflows were positive and very high 🤷‍♀️

Weekly news digest:

💎 Crypto

🔸 The US Wisconsin Investment Board (SWIB) purchased $164 million worth of BlackRock's BTC ETF

🔸 K33 Research said in a report that ETH ETFs could attract $4 billion of inflows in the first 5 months

🔸 McDonald's launched "My Happy Place" metaverse in Singapore 🇸🇬
 
🔸 Nocturne, an Ethereum privacy protocol, announced that it had decided to shut down the company

🔸 VanEck Research predicts that the Ethereum price will reach $154,000 in 2030 in a "bull case" scenario

🔸 Medical manufacturer Semler Scientific plans to buy $150 million in Bitcoin

🔸 Velocore DEX was exploited for $10 million

🔸 The Google plugin "Aggr" is reportedly malicious and could compromise your Binance account

🏦 Crypto exchanges

🔸 Binance to restrict "unauthorized" stablecoins in the EU starting June 30

🔸 Deutsche Bank partners with Bitpanda CEX 

🔸 Coinbase announced it is launching a new “smart wallet” 👛
 
🔸 OKX announced the official launch of a local trading platform and Web3 wallet in the Netherlands 🇳🇱

🔸 Robinhood has announced its purchase of Bitstamp CEX for $200 million 

💵 Finances and Economy

🔸 The European Central Bank cut its main interest rate from 4% to 3.75% for the first time in five years 

🔸 BlackRock, Citadel Securities-backed TXSE group is planning to launch the Texas Stock Exchange

🔸 US unemployment rate in May rose by 0.1% to 4% (3.9% forecast)

⚖️ Law and Order

🔸 Dapper Labs has reached a $4M settlement agreement with a group of investors 
 
🔸 New York Attorney General has levied a billion-dollar lawsuit against crypto exchange NovaTech and mining firm AWS Mining 💸
 
🔸 The US DoJ charges three UK nationals with orchestrating a $3 million scam related to the “Evolved Apes” NFT collection  

🔸 A college student in China got sentenced to more than 4 years in prison for rugging a mem coin
 
 🗣 Personalities

🔸 Bitcoin will moon as central banks pivot to lower interest rates en masse, according to BitMEX co-founder Arthur Hayes

🚀 Best performers of the week:

BRETT - $0.1817 (↑59.9%)
ORDI - $61.05 (↑36.2%)
Stacks - $2.22 (↑20.9)