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Cryptopotato
5d
260
Image Credit: Cryptopotato
Elon Musk Faces Backlash Over ‘Bitcoin-Style Encryption’ Claim in XChat Launch
- Elon Musk announced a new encrypted messaging feature on XChat, claiming it was built on Rust with "Bitcoin style" encryption.
- Experts criticized Musk's terminology, stating that Bitcoin does not use encryption but relies on cryptographic hashing and signing for data integrity and ownership verification.
- Critics highlighted Bitcoin's lack of privacy, emphasizing that transactions are public and transparent, based on signatures for authentication, not encryption for secrecy.
- The ambiguity in Musk's statement has sparked a debate, raising concerns about his credibility among technologists and highlighting the importance of accuracy in the crypto ecosystem.
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Coinjournal
5d
207
Image Credit: Coinjournal
Bitcoin drops below $104K as ETF outflows trigger decline fears
- Bitcoin falls below $104K on June 2, following heavy ETF outflows and technical uncertainty.
- Whales and institutional sellers contribute to the market shift and increased selling pressure on Bitcoin.
- US spot Bitcoin ETFs experience a massive $616.22 million outflow, ending a six-week streak of inflows.
- BlackRock's IBIT sees the largest exit with $430.82 million withdrawn, despite managing over $69 billion in assets.
- Bitcoin's price pullback from $109,000 to $103,833 breaches key Fibonacci levels, signaling bearish technical patterns.
- BTC faces resistance near $106K–$107K, with significant challenges for bulls to regain upward momentum.
- High-leverage trader James Wynn's $100 million BTC long at 40X leverage triggers concerns about exaggerated leverage and market speculation.
- On-chain metrics show diverging behavior between whales and retail traders, with concerns over retail participants buying at the top.
- Bitcoin's RSI signals turn bearish amidst broader macroeconomic uncertainties and market corrections.
- Traders anticipate a potential bounce from the $100K support to $113K, but the risk of a deeper correction looms over the market sentiment.
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Newsbtc
5d
154
Image Credit: Newsbtc
Fake Meme Coins Catapult After Musk Kekius Tweet: 3 Safe Meme Coins That Could Explode
- Elon Musk's online antics on Twitter can significantly impact cryptocurrency prices, particularly meme coins.
- Musk's recent tweet involving the video game Path of Exile led to a spike in meme coins named after the in-game character Kekius Maximus.
- Musk has a history of influencing meme coin prices through his social media activity, such as promoting Dogecoin and Floki Inu.
- Despite Musk's influence, investing in unofficial or 'fake' meme coins poses significant risks like rug pulls and scams.
- Legitimate meme coins like MIND of Pepe ($MIND), Solaxy ($SOLX), and Pepecoin ($PEP) are gaining attention for their strong fundamentals and utility.
- MIND of Pepe ($MIND) uses AI to analyze crypto market chatter and identify promising coins, offering potential for significant gains.
- Solaxy ($SOLX) aims to solve Solana's scalability issues with its Layer 2 solution, attracting investors with a predicted growth of over 11,400% by 2030.
- Pepecoin ($PEP) operates on its own blockchain, supporting merged mining and emphasizing decentralization, with a notable price increase since its launch.
- Investors are advised to be cautious of fake meme coins and conduct thorough research before investing in cryptocurrencies.
- While celebrity endorsements can drive crypto prices, it's essential to consider long-term potential and market sentiment when investing in cryptocurrencies.
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Bitcoinist
5d
265
Image Credit: Bitcoinist
Bitcoin’s Net Position Realized Cap Sees Sharp Decrease As Long-Term Holders Exit
- Bitcoin's Net Position Realized Cap has seen a sharp decrease, indicating a waning sentiment among major investors amidst the recent pullback in BTC's price.
- Long-term Bitcoin holders have significantly decreased their positions, raising concerns about the sustainability of Bitcoin's price strength and potential market mood shift.
- Big wallet addresses holding 1,000 to 10,000 BTC are selling their coins into recent strength, while mid-sized wallet addresses continue to buy, suggesting a changing market dynamic in Bitcoin's rally.
- The behavior of key investors and the redistribution of supply by different cohorts may reshape market sentiment and influence Bitcoin's future price movements.
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Coin Telegraph
5d
118
Image Credit: Coin Telegraph
Polygon NFTs hit $2B sales milestone as network defies downturn
- Polygon-based NFTs have reached a milestone of $2 billion in total sales volume, showcasing significant growth and adoption within the network's NFT ecosystem.
- The surge in sales has been driven by the real-world asset (RWA) NFT marketplace Courtyard, with monthly sales steadily increasing from $16.3 million in November 2024 to $74.7 million in May 2025.
- Polygon's NFT ecosystem has seen a rise in transaction activity, user engagement, and average sales value, with over 800,000 monthly NFT transactions and 134,000 unique buyers in February.
- Despite a broader market downturn in NFTs, Polygon has defied the trend with increasing monthly sales, reaching $430 million in May along with a rise in the number of users buying NFTs to over 900,000.
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Livebitcoinnews
5d
277
Image Credit: Livebitcoinnews
XRP will reach $10 in 2025？ How to make $58,958 a day using cloud mining
- XRP has gained attention for its use in cross-border payments and recent regulatory victories, leading to increased interest from traders.
- In 2025, the SEC's withdrawal of an appeal confirmed XRP not being a security, contributing to its surge and market cap surpassing Tether.
- Factors like XRP futures trading, potential XRP ETF, and altcoin season may drive XRP to $10 by 2025, according to analysts.
- Investors are turning to cloud mining platforms like Crypto Mining Firm to boost passive income amidst XRP's evolving situation.
- Crypto Mining Firm offers secure investment options, with most funds stored offline and strong encryption protocols in place.
- The platform provides a user-friendly experience, offering bonuses, green mining practices, flexible withdrawals, and round-the-clock support.
- To participate in Crypto Mining Firm, users can easily register, choose a mining plan, and start earning daily profits without management hassles.
- An affiliate program and mobile app enhance user experience, allowing for additional income opportunities and convenient wealth management.
- XRP's potential in global cross-border payments and discussions with central banks suggest a shift towards mainstream financial adoption.
- Cloud mining platforms like Crypto Mining Firm provide a sustainable way for long-term XRP holders to generate passive income and maximize their holdings.
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Coin Telegraph
5d
0
Image Credit: Coin Telegraph
How to use AI (ChatGPT + Grok) to find the next big altcoin
- AI solutions like ChatGPT and Grok can assist in altcoin investment research by providing real-time insights and efficient data analysis.
- Both platforms allow content sharing through pasting text, uploading documents, or adding links with prompts to receive relevant information.
- ChatGPT 4o and Grok 3 can streamline the analysis of complex data, such as summarizing extensive documentation, analyzing tokenomics, and evaluating roadmaps.
- These AI tools can help spot red flags in projects and offer competitive comparisons between different altcoins based on various criteria.
- Developer activity and ecosystem breakdowns can be explored using prompts to understand long-term potential and growth trends.
- ChatGPT and Grok are efficient in providing insights on market-layer views, monitoring real-time sentiment, and explaining trending topics in the crypto space.
- While AI tools enhance research efficiency, it's crucial to verify outputs, compare responses, and use them to supplement human judgment in investment decisions.
- Users should conduct their own research and not solely rely on AI-generated information for making investment choices in the altcoin market.
- Effective altcoin research involves diligence, curiosity, and verification to navigate the dynamic landscape of the cryptocurrency market.
- Investors are encouraged to apply critical thinking and verify insights to make well-informed decisions in the fast-paced world of altcoin investments.
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Crypto-News-Flash
5d
301
Image Credit: Crypto-News-Flash
Top 3 Cryptocurrency Price Predictions: Bitcoin, Ethereum, Ripple (XRP) Consolidate as Bulls Struggle
- Bitcoin (BTC) is predicted to reach around $170k by the end of next year, with a possible correction ahead as per analysts.
- Ethereum (ETH) forecasted to rebound to $2,700 despite the current bearish momentum, with indicators showing declining bullish momentum.
- Cryptocurrency analysts hint at a potential market breakout by August 2025, with Bitcoin (BTC), Ethereum (ETH), and XRP leading the way in decisive moves on both sides of the trend.
- XRP is currently experiencing bearish momentum, but analysts believe it could stage a rebound to retest the $2.27 level, with predictions ranging from $5.5 to $2.4 by various experts.
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Bitcoinsensus
5d
330
Image Credit: Bitcoinsensus
ICOs & Top Coins to Watch – Fusio, Airas, GOAT, Bondex, Aiki, Sahara & SPX, DEXE, QNT, CRO, TON, ZEC
- Fusio will hold a SHO on DAO Maker from June 2 to 7 and IDOs on Spores, Huostarter, and KingdomStarter
- Airas concludes its IDO on Finceept on June 2 while awaiting TGE distribution
- GOAT Network launches IDO on Aspecta on June 3–4 with full token unlock
- Bondex and Aiki are both scheduled to launch TGE on June 3
- Sahara is live on testnet and preparing for IDO on Buidlpad from June 8 to 15
- SPX leads the top gainers list this week with a +13.02% increase
- Followed by DEXE +10.32%, QNT +9.19%, CRO +7.41%
- Also in the top: TON +4.29%, ZEC +1.87%
- Renewed attention on AI-powered integrations and asset management in crypto seen in the ICOs & top coins list
- Fragmented DeFi infrastructure continues to fuel emerging projects
- GameFi projects remain present in the list while a job portal's shift to Web3 marks an unexpected use case
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Newsbtc
5d
187
Image Credit: Newsbtc
South Korea Crypto Adoption Will Fuel Crypto Wallets: Will Best Wallet be Next to 10x?
- The upcoming presidential election in South Korea is expected to have a positive impact on crypto as both leading candidates support expanding the digital assets market and bridging the gap between crypto and traditional finance.
- 32% of South Koreans are active in the crypto market, creating a high demand for crypto wallets, including Best Wallet, which aims to dominate 40% of the global crypto wallet market by next year.
- Best Wallet has launched its own native token, $BEST, and offers user-friendly features such as access to multiple blockchains and cross-chain swaps, making it a top software wallet in the market.
- With the growing crypto adoption in South Korea and globally, there is potential for Best Wallet's $BEST token to increase in value significantly, possibly reaching a 10x growth, according to price predictions.
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Coindoo
5d
69
Image Credit: Coindoo
BTC Holds Strong Despite Macro Turmoil, Says QCP Capital
- A sharp U.S. policy shift, doubling steel tariffs on China to 50% and expanding tech sanctions, led to a broad risk-off move and nearly $1 billion in crypto liquidations since Friday.
- Despite the turmoil, BlackRock’s IBIT ETF saw $430 million in outflows, but BTC remained stable above $102,000.
- Metaplanet purchased an additional $114 million in Bitcoin after the selloff, increasing its BTC holdings to 8,888.
- QCP Capital notes that short-term volatility has decreased significantly and anticipates rangebound BTC trading in the short term, focusing on key levels at $100,000 and $110,000.
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Bitcoinsensus
5d
53
Image Credit: Bitcoinsensus
Bitcoin Price Prediction: Will This Demand Zone Hold?
- Bitcoin price faked strength at a higher demand zone before dropping lower and is now testing a more significant demand area.
- Liquidity below remains a threat, so it's crucial to watch for a reaction or a potential flush in the market.
- The recent price action in Bitcoin demonstrates a classic trap scenario where the market accumulated before making a calculated move downwards.
- The current situation involves Bitcoin sitting on a lower demand zone, which could lead to a bounce towards a supply level above, but there is also dangerous liquidity below that could be triggered in case of market weakness or fear.
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TheNewsCrypto
5d
195
Ethereum Investment Products Drive $286 Million Inflows as Bitcoin Sees Outflows
- Cryptocurrency exchange-traded products (ETPs) recorded $286 million in inflows last week, led by a strong surge in Ether (ETH) with $321 million inflows, the highest since December 2024.
- Bitcoin (BTC) ETPs experienced $8 million outflows amid price volatility and a 6% drop to an intraweek low of $103,400, reversing the momentum after six weeks of consecutive inflows.
- iShares emerged as the top issuer for the week, attracting $790 million inflows despite Bitcoin’s market weakness, contributing to a year-to-date (YTD) inflow of $12.4 billion.
- ARK Invest and 21Shares faced the largest issuer-specific outflows at $282 million, bringing their YTD total to $22 million in net losses.
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Cryptopotato
5d
391
Image Credit: Cryptopotato
Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection
- Bitcoin recently faced rejection near the $111K zone after tapping into it, indicating a potential pullback or consolidation phase in the market.
- The technical analysis points out that BTC experienced a rejection from the $111K level, yet the overall structure remains bullish as long as it stays above the $91K demand zone.
- On the 4-hour chart, Bitcoin broke below the ascending channel and faced a rejection from the $108K zone, showing signs of bearish momentum gaining ground.
- On-chain analysis reveals that Bitcoin's Adjusted SOPR is above the 1.0 threshold, signaling coins moving on-chain are in profit, but the market may be entering a more sensitive phase with a potential deeper correction ahead.
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TronWeekly
5d
150
Image Credit: TronWeekly
Metaplanet Boosts Bitcoin Strategy, Acquires 1,088 BTC, Now 8,888 BTC
- Metaplanet has increased its Bitcoin holdings to 8,888 BTC, investing approximately ¥122.3 billion (~$851 million).
- The latest acquisition of 1,088 BTC was made at an average price of ¥15.5 million (~$108,072) per BTC.
- The company continues leveraging capital markets to fuel its aggressive BTC accumulation strategy.
- Metaplanet, known as Japan's 'MicroStrategy,' has acquired an additional 1,088 BTC, expanding their BTC reserves to 8,888 BTC to solidify BTC as a core part of their treasury assets.
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