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Cryptocurrency News
Crypto-News-Flash
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XRP and Solana Pushing Higher — But MAGACOIN FINANCE, Linked to Bitcoin, Is Leading the Rotation
- MAGACOIN FINANCE is leading the new wave of rotation in the crypto market, attracting attention due to its close connection with Bitcoin's macro movement and early investor demand.
- XRP is building on its payment utility and institutional fuel, with strong support between $2.10 and $2.39, anticipating potential surges to $5–$15 once futures go live.
- Solana's uptrend continues with ecosystem growth, trading above $170 and anticipating targets of $250-$400 as profits are rotated into earlier-stage plays like MAGACOIN FINANCE.
- Avalanche (AVAX) is attracting attention for its Layer-1 scalability, building new partnerships and infrastructure solutions, positioning itself as a strong alternative for investors beyond Ethereum and Solana.
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Coinpedia
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Ozak AI Gains Traction as Pi Network Hype Dies Down—Could This Be the Next Viral Token?
- Pi Network AI is losing relevance, while Ozak AI (OZ) gains attention for its AI-based approach to tracking crypto and supporting DeFi.
- Ozak AI uses AI for predictive analytics, machine learning, and real-time risk evaluation to help traders make informed decisions quickly.
- Ozak AI integrates with blockchain infrastructure for secure and automated smart contract execution, attracting investors seeking performance-based value.
- The native $OZ token is a key part of Ozak AI ecosystem, with over 160 million tokens sold during the presale phase, showing investor confidence in the project's future.
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TronWeekly
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Strive Aims to Secure 75,000 BTC at Discount Amid Mt. Gox Claims
- Strive Asset Management aims to secure 75,000 Bitcoin by acquiring discounted Mt. Gox claims, paving the way for a planned merger with Asset Entities.
- Partnering with Castell Advisory Group LLC, Strive seeks to bolster its Bitcoin holdings by purchasing claims tied to the bankrupt crypto exchange.
- Strive's merger with Asset Entities, a Nasdaq-listed firm, will establish a new entity focused on Bitcoin investments, reflecting the growing trend of corporate Bitcoin treasuries.
- The move aligns with other companies accumulating Bitcoin as a hedge against economic uncertainties, following in the footsteps of major players like MicroStrategy and Metaplanet.
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Medium
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HAiO Gets Featured on CryptoTimes A Huge Win for Web3 Music Innovation!
- HAiO, a Web3 music innovation, was recently featured on CryptoTimes, a prominent platform in the Web3 world focusing on cryptocurrency, decentralized apps, and NFTs.
- Being featured on CryptoTimes provides HAiO with global exposure among audiences interested in tech, creativity, and decentralization, showcasing its unique approach in the music industry.
- HAiO offers more than just a streaming platform; it provides a comprehensive ecosystem that allows users to participate in the music creation process and earn rewards.
- The feature on CryptoTimes enhances HAiO's visibility, attracting new users, developers, and potential partners, signaling a growing interest in decentralized music platforms like HAiO in the industry.
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Bloomberg Quint
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Bitcoin Rises To Record On Optimism Around US Regulations
- Bitcoin surged to a record high of $109,302 following the progress of stablecoin legislation in the US, increasing hopes for regulatory clarity during the Trump administration.
- The cryptocurrency market rallied due to regulatory tailwinds, including the advancement of the stablecoin bill in the US Senate after a group of Democrats withdrew their opposition.
- The industry-backed regulatory bill with revised terms, including stricter measures against money laundering and improved consumer protections, aims to impose consistent rules on domestic and foreign issuers.
- Open interest for Bitcoin futures at CME Group Inc. has rebounded by 23%, and investors have allocated approximately $3.6 billion into US Bitcoin exchange-traded funds in May.
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Cryptoticker
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What If You Invest $1,000 in TRUMP Coin Right Now?
- The Official Trump (TRUMP) coin is experiencing a bullish momentum with renewed political buzz and meme coin hype.
- TRUMP price is showing signs of a potential major rally as it has broken above key moving averages and targets $18.70 in the short term.
- On the hourly chart, the price is in an uptrend with a continuation pattern, suggesting a spike towards $16 if it sustains above $14.50.
- A $1,000 investment in TRUMP coin could yield $1,294.85 if the price hits $18.70 (29.48% return) or $1,729.75 if it reaches $25 (72.98% return).
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Coinpedia
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Jerome Powell’s Push for Digital Dollar Sparks Stablecoin Surge. Kaanch one of the Best Crypto to Buy
- Federal Reserve Chair Jerome Powell's push for exploring a U.S. central bank digital currency has sparked a surge in demand for regulation-ready crypto infrastructure.
- Kaanch Network, a blockchain designed for real-world asset tokenization and compliance, is gaining traction as a top crypto investment choice amidst the digital dollar debate.
- Kaanch Network is purpose-built for compliance in on-chain finance, offering features like high transactions per second, instant finality, active validators, RWA tokenization, and cross-chain bridges.
- As stablecoin legislation aligns with Kaanch's architecture, it's attracting investors with its staking opportunities, .knch identity system, and focus on global finance infrastructure.
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Cryptoninjas
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VanEck Unveils PurposeBuilt Fund to Back Avalanche’s $50B Real-World Crypto Ecosystem
- VanEck is launching the PurposeBuilt Fund to support real-world crypto applications on Avalanche.
- The fund will invest in post-token launch projects in sectors like gaming, finance, AI, and tokenized real-world assets.
- PurposeBuilt Fund reinforces Avalanche's role as a hub for enterprise-grade blockchain adoption.
- VanEck's strategic move signifies a shift towards sustainable token economies and real product-market fit in the crypto space.
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TheCryptoBasic
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Rich Dad Poor Dad Author Predicts Bitcoin Price If Gold Hits $25K, Says the End is Here!
- Robert Kiyosaki, author of Rich Dad Poor Dad, predicts a $500,000 - $1 million price target for Bitcoin if gold reaches $25,000 per ounce.
- Kiyosaki warns about hyperinflation in the U.S. due to the Federal Reserve's bond-buying trend and suggests investors consider store-of-value assets like Bitcoin, gold, and silver.
- He forecasts gold to surge to $25,000 per ounce and silver to $70, while setting a potential target for Bitcoin based on these price movements.
- Kiyosaki had previously forecasted Bitcoin to hit $500,000 by 2025 and $1 million by 2030.
- No specific timeline was provided for the predicted price targets of gold, silver, and Bitcoin.
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Cryptopotato
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Image Credit: Cryptopotato
Bitcoin Price Rockets to New All-Time High Above $109K
- Bitcoin has surged to a new all-time high above $109,000 after four months.
- The rally led to liquidation of over $110 million in shorts, as per data from CoinGlass.
- BTC's price dipped under $75,000 during a turbulent period but reversed its trend and broke $100,000 on May 8.
- Whale and corporate accumulations hinting at bullish momentum preceded the recent price explosion.
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Crypto-News-Flash
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Crypto Policy Takes Centre Stage in South Korea’s Election Campaign
- South Korean presidential candidates are focusing on amending laws to allow spot crypto ETFs and create a stablecoin backed by the Korean Won.
- The upcoming presidential election in South Korea on June 3rd has seen crypto take a significant role, with candidates aiming to attract the 15 million crypto investors in the country.
- All major candidates support the introduction of Bitcoin ETFs and institutional investment, despite the current ban on such activities in South Korea.
- South Korea is witnessing a shift in its crypto regulations, with recent developments like lifting a seven-year crypto ban by the Financial Services Commission.
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Hackernoon
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Image Credit: Hackernoon
Nexchain Crypto Presale is Now at Stage 13
- Nexchain is currently at Stage 13 of its presale and has raised $2.4 million, attracting attention from intelligent investors due to its innovative approach in developing a next-generation Layer-1 blockchain with real-world functionality and user-centric governance.
- Nexchain offers fast block finality, low transaction costs, and NEX token for fee payments and validator incentives, along with staking opportunities for users to actively engage in network consensus.
- The cryptocurrency market is witnessing notable developments, including Chiliz-Naver Pay collaboration, Cake Wallet's secret transactions feature for Bitcoin users, and MakerDAO's governance asset update to the SKY token.
- Nexchain's performance in its presale signifies a shift in investor focus towards assets with tangible applications, solid tokenomics, and promising development potential, positioning it as a promising investment in the growing crypto market.
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Coindoo
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Image Credit: Coindoo
21% Rally In a Choppy Market? Unilabs Could Outshine XRP This Season After Passive Income Program Launch
- XRP has recently recovered 21% amidst a volatile market, while Unilabs (UNIL) has gained more attention due to its passive income program launch.
- Unilabs presale has attracted significant investments, raising over $660,000 and is seen as a promising choice amidst Ripple's regulatory uncertainties.
- XRP price faces hurdles due to the SEC case, trading at $2.35 with support near $2.32 and struggle near $2.60, leading investors to consider Unilabs for stable returns.
- Unilabs offers a passive income model with AI-driven asset management, high-yield staking pools, and transparent profit pools, making it an appealing option for investors seeking growth.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Whales Fuel XRP Momentum With 110M Token Buy—500% Rally Next?
- Large XRP holders have accumulated 110 million tokens in the past five days, raising speculation of a potential rally reminiscent of 2024.
- Despite a recent 10% price drop, whales continue to buy XRP, with anticipation of a breakout as these major holders add to their stacks.
- XRP showed strong performance in 2024, with a 238.4% surge and reaching a six-year high of $2.90, boosted by regulatory approval for RLUSD stablecoin.
- Amid bullish predictions for XRP reaching $3 to $7 soon, market signals show mixed trends with a drop in trading volume and slight bearish tilt in the short term sentiment.
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TronWeekly
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Image Credit: TronWeekly
FTX is Set to Begin $5 Billion Payouts to Users on May 30
- FTX will begin distributing over $5 billion to approved users and creditors on May 30, nearly three years after the exchange collapsed.
- Repayments as part of the bankruptcy process mark a significant step in returning money to those owed by the bankrupt exchange.
- Four main creditor groups will receive between 54% and 120% of the total amounts owed when FTX collapsed in November 2022.
- Critics have raised concerns about using crypto values for repayments, fearing it may result in smaller returns due to market changes since the collapse.
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