Cryptoknowmics
Bitcoin Whales Accumulate Over 40% of BTC Supply
On-chain data reveals that Bitcoin whales—addresses holding over 1,000 BTC—now control more than 40% of the total Bitcoin supply. According to market intelligence platform IntoTheBlock, these large holders have been steadily increasing their holdings since mid-March. Significant Influence on the Market embedhttps://twitter.com/intotheblock/status/1798338164701937991/embed Given their substantial holdings, these whales are influential...
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McDonald's Singapore Introduces 'My Happy Place' Metaverse
McDonald’s Singapore has launched 'My Happy Place,' a unique metaverse experience designed in collaboration with Bandwagon Labs, the metaverse arm of entertainment media tech company Bandwagon. This virtual world allows users to build virtual burgers and engage in various interactive activities. Key Features and Technology embedhttps://twitter.com/BandwagonLabs/status/1798555064065466622/embed Clarence Chan, Founder of...
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Turkey Exempts Crypto and Stock Gains from Taxes to Boost Investment
Turkey’s Treasury and Finance Minister, Mehmet Simsek, has announced that the government will not impose taxes on profits derived from stocks and cryptocurrencies. This move is part of a broader strategy to stimulate investment and growth in the financial markets by removing the burden of direct taxation on these gains....
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Ripple CEO Brad Garlinghouse Predicts Inevitable XRP ETF Approval
During a recent appearance on Fox Business, Ripple CEO Brad Garlinghouse emphasized the need for multiple altcoin exchange-traded funds (ETFs), highlighting investors' desire for diversified exposure in the cryptocurrency market. Garlinghouse argued that just as investors seek exposure to various commodities like gold and silver, they similarly seek diversified exposure...
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BNB Surges to Record High Above $700
The price of BNB, the native cryptocurrency of Binance exchange, has soared to a new all-time high, exceeding $700. This marks a significant milestone for the fourth-largest cryptocurrency by market value, witnessing an impressive 11% surge in the past 24 hours. Binance Launchpool Boosts Rally BNB's recent rally can be...
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Bitcoin Poised for New All-Time High Next Week Amid Economic Shifts
Bitcoin is on the brink of reaching a new all-time high, potentially as soon as next week, according to a leading crypto researcher. This forecast follows a significant drop in U.S. job openings, the lowest in three years, suggesting a slowing economy. Markus Thielen, head of research at 10x Research,...
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Bitcoin NFTs Reach $4 Billion Milestone Amid Market Decline
Despite a significant drop in overall NFT sales, digital collectibles on the Bitcoin blockchain have achieved a significant milestone. According to NFT data tracker CryptoSlam, as of June 4, Bitcoin-based NFTs have reached a total all-time sales volume of over $4 billion. This figure includes $3.97 billion from regular NFT...
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Shibarium Community Warned of Fraudulent Tokens Amid SHIB Volatility
The Shibarium community is on high alert due to rising reports of fraudulent tokens falsely associating themselves with Shiba Inu developers. These bad actors are exploiting Shibarium’s decentralized platform to promote their deceptive schemes, posing significant risks to investors. Warning from Community Leaders embedhttps://twitter.com/Digarch/status/1797366136893329448/embed DaVinci, a prominent figure in the...
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Shiba Inu Community Warned Against Fraudulent SHIB Reward Schemes
ShibArmy Scam Alerts has issued a critical warning to the Shiba Inu community about the rise of fraudulent schemes promising SHIB rewards. The Shiba Inu team has clarified that no official SHIB rewards distribution is currently taking place. embedhttps://twitter.com/susbarium/status/1796613985359302778/embed Beware of Scams As Shiba Inu's popularity grows, so do the...
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Bearish Sentiment May Signal Next Bull Run for Dogecoin
Despite Dogecoin’s impressive 26% rise last month, surpassing Bitcoin's 19% gain, investor sentiment remains surprisingly bearish. Ali Martinez, a renowned crypto analyst, noted that the current market sentiment for Dogecoin is as negative as it was in early February, just before DOGE skyrocketed by 200%. Understanding the Bearish Sentiment The...
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XRP Eyes Potential Rally with Lowest RSI in History and Key Developments
Despite recent market fluctuations, Ripple’s XRP has remained relatively stable, trading between $0.51 and $0.54. Analysts are optimistic about a potential price increase, citing several factors that could drive this movement. One significant indicator is XRP's historically low Relative Strength Index (RSI). RSI Signals Potential Bullish Trend embedhttps://twitter.com/egragcrypto/status/1795740339614937592/embed The RSI,...
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Dogecoin and Shiba Inu Active Addresses Compared to Top Cryptos
Market intelligence platform IntoTheBlock recently shared an infographic revealing the daily active addresses for various top cryptocurrencies. An address is considered "active" when it participates in a transaction, indicating user engagement on the blockchain. Dogecoin vs. Shiba Inu embedhttps://twitter.com/intotheblock/status/1796448960946549239/embed The infographic highlights that Dogecoin (DOGE) has 56,980 daily active addresses,...
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Shiba Inu Sees Surge in Average Transaction Size
Shiba Inu (SHIB) has experienced significant growth in its average transaction size, suggesting increased involvement from major market players. Over the past seven days, the average transaction size for SHIB rose to $25,339, peaking at $42,860. This rise indicates that whales are becoming more active, which could lead to greater...
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Ripple (XRP) At $1,000 Inevitable: Why This Could Impact Solana, BONK, and RCO Finance Investors
Ripple (XRP) has been making significant strides recently, and experts predict that the cryptocurrency could soon reach $1,000. This development has significant implications for investors in cryptocurrencies such as RCO Finance (RCOF), Solana (SOL), and BONK. With many alternative cryptocurrencies emerging, Ripple (XRP)'s potential rise to $1,000 could shake up...
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Ethereum May Hit New All-Time Highs Before Bitcoin, Says Analyst
Ethereum (ETH) might achieve new all-time highs before Bitcoin (BTC) reenters price discovery, according to Michaël van de Poppe, founder and CEO of trading firm MNTrading. In his latest market analysis, van de Poppe suggests that ETH/USD is likely to see significant upward movement, potentially outpacing Bitcoin. Spot ETFs Boosting...
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Bitcoin’s Correlation with Gold Rises but Remains Below 2022 Highs
Bitcoin (BTC) and gold have shown an increasing correlation over the past few months, according to data from Kaiko. This trend indicates a growing relationship between the two assets, although the current correlation remains significantly lower than its 2022 highs. Understanding Correlation Metrics embedhttps://twitter.com/KaikoData/status/1796101107065794667/embed Correlation measures how closely the prices...
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Dogecoin’s Anticipated Surge: The Under-the-Radar Tokens Primed to Benefit
The cryptocurrency market is abuzz with speculation as Dogecoin (DOGE), the once-dismissed meme coin, finds itself at the center of attention again. With influential figures like WIZZ predicting a potential surge to $1, Dogecoin's price trajectory has piqued the interest of investors worldwide. But beyond Dogecoin, other tokens are lurking...
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Whale Transfer Triggers 21% Drop in PEPE After All-Time High
Earlier today, an anonymous whale transferred a significant amount of PEPE meme coins to Binance, causing the asset’s price to drop. The whale moved approximately 660.7 billion PEPE coins, which pushed the price down by another 11% from its recent all-time high. Whale's Profitable Move According to the analytics X...
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Ethereum Eyes $4,100 with Potential ETF News and Bullish Patterns
Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, is on the brink of a significant price breakout. According to crypto analyst Jelle, ETH continues to follow the falling wedge pattern, suggesting a few more days of fluctuations before the next upward movement. Jelle anticipates that potential ETF news could...
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Shiba Inu Overtakes Cardano, Nears Dogecoin in Market Cap
Shiba Inu (SHIB) has made impressive advances, rising nine spots on the market capitalization rankings to become ninth. Now valued at $16.4 billion, SHIB saw its market value increase 9.2% last week - surpassing Cardano and placing just behind Dogecoin which holds onto eighth position. Profits and Performance for Price...
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PayPal Launches PYUSD Stablecoin on Solana
PayPal recently expanded their dollar-pegged stablecoin, PYUSD, onto the Solana blockchain. Launched originally in August 2023 on Ethereum, PYUSD is intended to increase payment flexibility and efficiency - this announcement on May 29 is an important step toward expanding accessibility and functionality of PYUSD. Introduction of Confidential Transfers embedhttps://Twitter.com/udiWertheimer/status/1795817441102029210/embed One...
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Charles Hoskinson: Bitcoin is the Result of Five Decades of Innovation
In a recent announcement, Charles Hoskinson, the founder of Cardano has emphasized the importance of Bitcoin in highlighting it as the result 50 years of technological advances and technological innovation. Hoskinson's appreciation extends beyond Bitcoin to encompass the entire ecosystem of cryptocurrency, that has experienced exponential expansion over the last...
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Solana Leads Altcoin Surge, XRP Struggles Amid Legal Battle
Jason Pizzino, an esteemed crypto analyst, recently provided his insight on the performance of top altcoins following Bitcoin's breakout in October 2023. Excluding stablecoins and Ethereum, Pizzino categorizes each altcoin based on their potential performance as well as associated risks. embedhttps://twitter.com/jasonpizzino/status/1795639000365248803/embed Top Performers Solana (SOL) stood out as a notable...
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Ethereum Hits Milestone with Record Staking Transaction
Arthur Cheong, founder of DeFiance Capital, sent shockwaves through the cryptocurrency community by drawing attention to an impressive event: the staking of over $500 million worth of Ether through Lido in one transaction. This unprecedented transaction demonstrates both Ethereum's popularity as an staking ecosystem as well as its significance within...
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Gala Games Acknowledges Binance for Identifying Hacker Behind $200M Theft
Gala Games, an industry leader in Web3 gaming, recently recognized Binance via Twitter X (formerly Twitter) for their vital role in helping identify a hacker responsible for an extensive security breach at Gala. According to Gala's statement: "We would like to extend our sincerest gratitude for @binance working alongside us...
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Elon Musk's Dogecoin (DOGE) Endorsement Triggers Scam Concerns; Safeguard with This DeFi Platform
It’s not every day that influential figures like Elon Musk endorse cryptocurrencies, such as Dogecoin (DOGE). The token's value skyrocketed after Elon Musk posted on X (Twitter) that DOGE had immense potential as a fiat currency. embedhttps://twitter.com/elonmusk/status/1357241340313141249/embed Dogecoin’s price increased by 20% and hit an all-time high of $0.731. This...
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Steve Chen Supports Solana-Based Memecoin Pajamas
Steve Chen is well known as one of YouTube's co-founders and has recently made headlines by supporting Pajamas (PAJAMAS), an inspired memecoin built on Solana blockchain. Inspired by his beloved cat, this move marks Chen's significant entrance into the cryptocurrency landscape, signaling his transition from video technology into the dynamic...
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Bitcoin Exploit on BNB Chain Causes $80K Loss; White Hat Suspected
Recent attacks on the BNB Chain led to the loss of approximately $80,000 worth of Bitcoin through multiple suspicious transactions, sparking important questions regarding their attacker's intent and methods. Suspicious Transactions and Potential White Hat Hacking embedhttps://twitter.com/CyversAlerts/status/1795375464107614485/embed On May 28, on-chain security firm Cyvers reported the exploit and noted that...
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Donald Trump's Crypto Holdings Exceed $10 Million
Former United States President Donald Trump saw his crypto holdings briefly surpass $10 Million on Monday, thanks to significant stakes in TRUMP coin. Arkham announced on May 27 that Donald Trump's cryptocurrency portfolio had passed $10 million for the first time ever, thanks to TRUMP reaching an all-time high price...
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Bitcoin Price Drops as Mt. Gox Distributes BTC to Creditors
Today's Bitcoin market experienced a 1.5% decrease from yesterday's brief peak near $70,600. This drop is attributable to news that defunct bitcoin exchange Mt. Gox has begun paying out creditors; with their release of approximately 75,000 Bitcoins valued at over $5 billion raising concerns regarding market liquidity and price stability....
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