BTC to $47k? 🤔

This indicator helps analyze Bitcoin's price movements relative to the cost basis of short-term holders 📊

As you can see $47,000 is a strong resistance level, located 25% below the average STH purchase price.

It could become a final target for bears during this long-lasting market correction 🎯

Hamster Kombat token on premarket 🤑

Bybit has just launched the premarket trading for the HMSTR token from Hamster Kombat game 🐹

The latest trade closed at $0.045 per token. Get ready to make your dreams come true and choose your Lambo 🏎️

For those without account on Bybit, register here to get bonuses: LINK 👈

#earn

✅  The US will release June CPI and PPI this week, but volatility in the market is already here with ETH and BTC squeezing high-leverage traders on both sides all day long 💸

Daily Digest:

🔸 Bybit lists Hamster Kombat’s token for pre-market trading

🔸 A former compliance officer at Crypto.com has been charged with extortion and money laundering

🔸 The founder of Mechanism Capital thinks that 98%+ of altcoins topped the cycle 😳

🔸 Tether CEO Paolo Ardoino said OpenAI seemed to have been hacked not long ago

🔸 Binance will delist and stop trading of all spot trading pairs of these tokens: BOND, DOCK, MDX, and POLS 

🔸 The Republican National Committee's new policy platform includes an initiative to champion crypto 🇺🇸

🔸 The German government sold 17,000 BTC, worth $951 million, in one day

🔹 Prices:

🌐 Bitcoin - $56,353 (↑0.2%)
🔹 Ethereum - $3,001 (↑2.3%)
📉 S&P 500 - 5,572 (↑0.1%)
💲 DXY - 105.02 (↑0.14%)
🌕 Gold - 2,359 (↓1.36%)

Join our chat 🗯

Bulls, hold your line. I repeat, hold your line 📣🫨

Red flag for bulls: The 3-month correlation between the S&P 500 and the number of stocks with positive returns is at its lowest level since the dot-com bubble of 2000 🫧

Fidelity, VanEck, Franklin, 21Shares, Grayscale and BlackRock all filed updated S-1 spot Ethereum ETF applications 📄

Republican National Committee panel approved a draft of its 2024 party platform, that strongly supports Bitcoin by defending the right to mine, self-custody Bitcoin and transact free from Government Surveillance and Control 🇺🇸

Yesterday, the total net inflow of Bitcoin spot ETFs was $295 million, the highest inflow in the past 21 days 💸

🔹 Last 24 hours top 3 gainers:

Bonk - $0.0000026 (↑23.28%)
Sei - $0.304 (↑14.10%)
Jupiter - $0.78 (↑12.63%)

#GM

Get your free DeBank XP 🪂

DeBank is an asset tracking service provider that started as a multi-chain portfolio tracker and after years of development has evolved into an innovative multi-service web3 platform 🔍

If you have a crypto wallet like Metamask, you are likely eligible to claim DeBank XP, which is likely tied to DeBank's future token airdrop.

To check if you are eligible 👇

1. Go to the DeBank claim page

2. Press "Visit DeBank to claim

3. Press "Claim

#Earn

Tax heaven guide 💰

In many countries, companies pay significant corporate taxes that impact profitability. For example, Puerto Rico has a corporate tax rate of 37.5%, Suriname has a rate of 36%, and Argentina, Chad, and Colombia have rates of 35% 😳

Dozens of countries have tax rates above 30%, which is insanely high. Curious about where companies can operate without paying corporate taxes? Here are a few prime locations 👇

• Caribbean: The Cayman Islands, the Bahamas, and Bermuda attract many companies due to their zero corporate taxes.

• Pacific Islands: Vanuatu and the Solomon Islands offer zero corporate taxes, making them attractive to companies seeking tax benefits and a favorable regulatory environment.

• British Isles: Jersey and the Isle of Man maintain zero corporate taxes, providing a stable and business-friendly environment.

• Middle East: Bahrain is largely tax-free, except for oil and gas companies, making it a strategic location for many businesses.

#economy_tips

✅ As the expected adoption date of spot Ethereum ETFs approaches, ETH is starting to noticeably outperform BTC 📊

Daily Digest:

🔸 Bitstamp says it will distribute BTC to Mt. Gox’s creditors in less than 60 days

🔸 All spot ETH ETF applicants filed updated S-1 applications 📄

🔸 Republican National Committee panel approved a draft of its 2024 party platform, that strongly supports Bitcoin

🔸 One of the co-founders of Paxful CEX, has agreed to a plea deal that could see him locked up for five years

🔸 Consensys unveiled the MetaMask Delegation Toolkit at EthCC which enables developers to create decentralized applications

🔸 Yesterday, the total net inflow of Bitcoin spot ETFs was $295 million, the highest inflow in the past 21 days 💸

🔸 The Chicago Board Options Exchange has confirmed VanEck and 21Shares plans to launch a Solana-based exchange-traded fund

🔹 Prices:

🌐 Bitcoin - $57,783 (↑2.6%)
🔹 Ethereum - $3,064 (↑2.6%)
📉 S&P 500 - 5,579 (↑0.09%)
💲 DXY - 105.12 (↑0.12%)
🌕 Gold - 2,364 (↑0.22%

Keep up the grind 🤣

It turns out that the whole time it was the German state of Saxony that was forced to sell a large amount of bitcoin due to legal requirements for the conversion of seized assets into euros. It had 50k BTC in its wallet and now there are only 23.96k left 📉

Polychain accuses a former employee of making a secret deal with Eclipse Labs, where Polychain led a $6M pre-seed round. Eclipse Labs allocated 5% of Pant's upcoming tokens, later reduced to 1.33%, worth around $13.3M 🤔

Citi analysts expect the Fed to cut rates eight times by 0.25% starting this September, for a total of 200 basis points by July 2025 📊

The Open Network (TON) is getting its first Layer-2 EVM scaling network in collaboration with Polygon Labs ⛓

🔹 Last 24 hours top 3 gainers:

Celestia - $7.23 (↑18.36%)
Bittensor - $263.34 (↑11.68%)
Sui - $0.761 (↑11.41%)

#GM

👛 Where to store your crypto

If you care about security and decentralization, you should store your crypto in hot and cold wallets. Remember, the more crypto you have, the more you need to use cold wallets over hot ones. Read here about what's the difference.

List of the best crypto wallets. All of them are available as web browser extensions or apps for Android and IOS 👇

🔥 Hot wallets:

🔸 Metamask: The most popular crypto wallet, supports Ethereum-compatible blockchains.

🔸 Trust Wallet: Supports almost every popular blockchain. Perfect hot wallet to store BTC/ETH/SOL... 

🔸 Phantom: The best wallet for Solana blockchain.

🔸 Keplr: The best wallet for IBC blockchains like Cosmos, Osmosis...

❄️ Cold wallets:
 
All of them support such blockchains as Ethereum, Bitcoin, Litecoin, Solana, etc.

🔹 Ledger: The most popular cold wallet. Works with Windows, Mac, Linux, iOS, and Android.

🔹 SafePal: Uses QR-code technology.

🔹 Trezor: Open-source design.

All of the mentioned wallets can never be banned and your funds cannot be seized, they are fully decentralized and permissionless.

📌 Save this post for later and share it with a friend!

#Сrypto_tips

If Bitcoin reaches a price of $67,000 then futures short positions will be liquidated to the tune of several billion dollars 🔍

Do you think we'll get there anytime soon?

Let's take a vote:

Yes — 👍

No — 👎

✅ While the US stock market reaches record highs Bitcoin continues to chop after the unsuccessful attempt to reclaim the $60k level 😔

Daily Digest:

🔸 Soccer icons Lionel Messi and Ronaldinho both posted advertisements for Solana meme coin

🔸 Bitcoin transaction fees hit a four-year low on July 7, falling to $38.69 ⛽️

🔸 It turns out that the whole time it was the German state of Saxony that was forced to sell a large amount of confiscated bitcoins

🔸 Polychain accuses a former employee of making a secret deal with Eclipse Labs, where Polychain led a $6M pre-seed round

🔸 Citi analysts expect the Fed to cut rates eight times by 0.25% starting this September

🔸 The Open Network (TON) is getting its first Layer-2 EVM scaling network in collaboration with Polygon Labs ⛓

🔸 U.S. Department of Defense adopts blockchain technology

🔸 Microsoft and Apple have reportedly decided not to take up board seats at the artificial intelligence firm OpenAI

🔹 Prices:

🌐 Bitcoin - $57,419 (↓0.7%)
🔹 Ethereum - $3,094 (↑0.9%)
📉 S&P 500 - 5,633 (↑1.02%)
💲 DXY - 105.01 (↑0.12%)
🌕 Gold - 2,371(↑0.32%)

- "So what's your trading strategy?"

- "It's complicated..."

😅

In recent weeks, there has been an extremely strong uncorrelation between the U.S. stock market and Bitcoin. While bitcoin is falling, stocks are rising, and vice versa 📊

Compound DAO security consultant said that the Compound Finance official website has been hacked and is currently hosting a phishing website ⚠️

Goldman Sachs is planning to launch three tokenization projects by the end of the year. Additionally, the firm plans to create marketplaces for tokenized assets

In the past hour, the German Government has sent 2,375 BTC ($138 million) to Kraken, Bitstamp, and Coinbase likely to sell 🇩🇪

🔹 Last 24 hours top 3 gainers:

Stacks - $1.66 (↑11.75%)
Lido DAO - $1.66 (↑7.18%)
Ondo - $1.005 (↑4.42%)

#GM

The Consumer Price Index (CPI) rose 3% year-over-year, below the expected 3.1%. Core CPI increased by 3.3%, also below the forecasted 3.4% 🇺🇸

This is good news for bulls, Bitcoin is rising as they try to get back to $60,000 📈

All TapSwap video codes 💸

In the Tap-to-earn game TapSwap you can complete bonus tasks and earn lots of points that can be exchanged for crypto coins in the future. One such type of assignment is simply watching a video on YouTube. Below you will find all needed codes 👇

1. Open the TapSwap game
2. Go to the "Task" page, select "Cinema"

• Watch the first video: 739002
• Watch new video: 5
• Learn what the TON is: 548719
• TapSwap Education: 030072
• New in the Crypto World: 739551
• Learn 5 Crypto Terms: 2614907
• Tapswap Education - what the bitcoin is?: D57U94
• How to Earn Money on Crypto: genesis
• Drops and Rises: 27F53K9
• 5 Ways to Make Money on Crypto: encryption
• Get started in crypto: TRIBALISM
• Memes and cryptocurrencies: 4D80N74
• 8 Warren Buffett Rules: ABENOMICS
• Fake news and real news: G5D73H20
• Cryptocurrency worldwide news:
Code 1: 3PM71AK03X
Code 2: delisting
• Learn 10 New crypto Terms: collateral
• How Cryptocurrency Works: fibonacci
• Top 10 Crypto Billionaires 2024: L6SE704V81

A new survey shows that almost half of the people feel bullish after the latest halving. While this might seem like good news, history tells us that when too many people are optimistic, the market can actually go down 🤔

This is because if everyone already thinks the market will rise, there are fewer new buyers to push prices higher. So, even though many are feeling bullish, this could mean a market dip is coming instead ⚠️

✅ Strong uncorrelation between the U.S. stock market and Bitcoin continues, while stocks and gold rise, the crypto market is hibernating

Daily Digest:

🔸 SEC gives up on proving BUSD is a security in a long lasting court case against Paxos

🔸 Donald Trump will be speaking at the upcoming Bitcoin conference in Nashville, Tennessee 🇺🇸

🔸 Compound Finance's official website has been hacked

🔸 Goldman Sachs is planning to launch three tokenization projects by the end of the year

🔸 In the past hour, the German Government has sent another 2,375 BTC to crypto exchanges

🔸 BitMEX pleads guilty to violating the Bank Secrecy Act in anti-money laundering case ⚖️

🔸 Malaysian crypto miners stole at least $722 million worth of electricity over the last 6 years

🔸 Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its SEC deal

🔹 Prices:

🌐 Bitcoin - $57,627 (↓0.3%)
🔹 Ethereum - $3,129 (↑1%)
📉 S&P 500 - 5,586 (↓0.83%)
💲 DXY - 104.44 (↓0.57%)
🌕 Gold - 2,418 (↑2%)

Join our chat 🗯

True story 😆