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NullTX
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Nervos Network’s Force Bridge Reportedly Hacked, $3 Million in Crypto Stolen
- Nervos Network's Force Bridge experienced a security breach leading to the theft of $3 million in digital assets.
- An unauthorized address exploited the Force Bridge and stole assets including USDT, ETH, USDC, DAI, and WBTC.
- The stolen assets were laundered through Tornado Cash, a tool that obfuscates transactions to hide the origin of funds.
- This incident highlights the vulnerability of cross-chain protocols and the importance of enhancing security measures in decentralized finance applications.
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NullTX
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Bitcoin Surges 11.1% in May Amid Bullish Market Sentiment and Shifting Holder Dynamics
- Bitcoin surged 11.1% in May, reaching an all-time high of $111,784 amid positive market sentiment and returning risk appetite in financial markets.
- The month of May saw a bullish trend for Bitcoin due to decreased concerns regarding a global trade war and robust performance from the S&P 500.
- Long-term Bitcoin holders, particularly those holding for 3 to 5 years, played a pivotal role in the cryptocurrency's supply dynamics and market performance.
- Despite some long-term holders selling portions of their holdings, they still hold a significant 11.9% of Bitcoin's total supply, impacting market trends.
- Analyzing Realized Cap HODL Waves provides insights into when long-term holders may be entering or exiting the market based on age cohorts.
- Market observers are cautious about potential volatility due to the influence of long-term holders and macroeconomic factors on Bitcoin's price trajectory.
- Bitcoin's future price movement may hinge on the decisions of long-term holders whether to hold or sell based on market conditions.
- It is important for investors to conduct thorough research before engaging in cryptocurrency trading or investments.
- Monitoring institutional demand and on-chain trends will be crucial in assessing Bitcoin's price stability and potential for new all-time highs.
- While the market remains optimistic after the May rally, the influence of long-term holders remains a key factor in potential price volatility.
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NullTX
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Crypto Market Sentiment Wavers as BlackRock ETF Outflows and Stablecoin Declines Raise Red Flags
- The cryptocurrency market sentiment is changing, with BlackRock ETF outflows and stablecoin declines raising concerns.
- Both Bitcoin and Ethereum spot ETFs have shown significant changes in fund balances recently, potentially due to large-scale repositioning or profit-taking.
- Bitcoin ETF experienced a notable drop in holdings, aligning with the 'Sell in May and go away' seasonal trading pattern, indicating reduced risk exposure.
- While Bitcoin ETFs saw recent outflows, Ethereum ETFs continued to attract capital, with positive net flows for the third consecutive week.
- The overall situation appears uncertain, with ETF balance shifts hinting at short- to medium-term prospect concerns among investors.
- Stablecoin flows exiting exchanges suggest investor caution and a lack of interest in buying digital assets at current prices.
- The outflow trend in the market, combined with ETF net selling, indicates a recalibration away from earlier 2025 exuberance.
- The upcoming weeks will be crucial to observe if Bitcoin ETFs recover inflow momentum, Ethereum maintains strength, and stablecoin flows reverse.
- Overall, caution prevails in the crypto market, with ongoing recalibration and consolidation trends.
- It is important to conduct thorough research before investing in cryptocurrencies or related services.
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Coindoo
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Analyst Says ETH May Re-enter $2,500–$4,000 Macro Range
- Crypto analyst Rekt Capital suggests that Ethereum (ETH) is aiming to reclaim $2,500 as a support level, signaling a potential re-entry into the $2,500 to $4,000 trading range.
- Re-establishing $2,500 as support could pave the way for ETH to move towards the upper end of the range over time, indicating a significant structural shift in Ethereum's price movement.
- A successful reclaim of $2,500 may lead Ethereum to target the $4,000 zone, revisiting previous cycle highs and demonstrating strength in the altcoin sector amid market consolidation.
- The outcome of Ethereum closing June will be crucial in determining if the breakout above $2,500 is sustained, with a failure potentially trapping ETH in a lower range between $1,600 and $2,200.
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Coindoo
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2 Altcoins Showing Bullish Patterns, According to Analysts
- Crypto analyst Bluntz believes WIF is poised for a strong rally after completing a five-wave advance and an ABC corrective pattern.
- Bluntz suggests that if the highlighted range is reclaimed, it could trigger the next significant move up for WIF.
- Analyst 'Bitcoinsensus' identified a double bottom pattern on the weekly TAO chart signaling a potential 230% upside with a breakout above the neckline.
- Both WIF and TAO are exhibiting bullish technical signals, indicating potential for significant price increases if key resistance levels are surpassed and patterns are confirmed.
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Coindoo
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Cardano Founder Predicts $500,000 Bitcoin, Eyes XRP Integration for Cardano
- Cardano founder, Hoskinson, predicts a $500,000 price for Bitcoin, linking it to the growth of DeFi.
- Despite recent volatility, Cardano (ADA) has surged 100%, establishing itself as a top altcoin.
- Hoskinson emphasizes that the evolution of DeFi will shape the next phase of crypto adoption.
- Cardano aims to bridge Bitcoin and DeFi by developing technology to integrate BTC without changing its core principles.
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Financemagnates
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Australia Imposes AU$5,000 Limit on Crypto ATM Transactions
- Australia's financial intelligence agency, AUSTRAC, has imposed new rules on cryptocurrency ATMs, setting cash transaction limits at AU$5,000.
- The regulations include enhanced customer due diligence, scam warnings, and transaction monitoring requirements for operators.
- A significant concern raised by AUSTRAC is the high usage of crypto ATMs by individuals aged between 60 and 70, leading to potential scam victimization.
- The country has seen a rapid increase in the number of crypto ATMs, with over 1,800 currently active, facilitating around 150,000 transactions annually.
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Coindoo
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Ethereum vs Bitcoin: Analysts Split on Market Leadership Outlook
- Crypto trader Michaël van de Poppe believes ETH will outperform Bitcoin in the next 12-24 months.
- Analyst Rekt Capital sees Bitcoin's dominance growing, anticipating upside towards the 71% level.
- Some analysts suggest altcoins may remain under pressure unless Bitcoin's dominance weakens.
- The debate between Ethereum's outperformance and Bitcoin's dominance reflects uncertainty in the market structure.
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Coindoo
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Ethereum Co-founder Follows Bitcoin Treasury Trend With ETH-Focused venture
- Ethereum co-founder, Joe Lubin, is following the trend of companies like MicroStrategy by implementing an ETH-focused treasury strategy.
- This move was inspired by MicroStrategy's success in converting their firm into a Bitcoin proxy, which has proven to be a lucrative strategy.
- Lubin believes that Ethereum can offer similar advantages as Bitcoin in terms of being a long-term corporate asset.
- As institutional and retail investors show interest in crypto treasury models, Consensys' exploration of this strategy signifies Ethereum's growing role in corporate finance.
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Coindoo
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Arthur Hayes Hints at James Wynn’s Hyperliquid Airdrop Strategy
- Arthur Hayes hinted at James Wynn potentially using anonymous wallets for Hyperliquid airdrop positioning.
- Wynn, known for turning a $7,000 investment in Pepe memecoin to $25 million, faced a $17.5 million loss recently.
- Hyperliquid platform's possible upcoming airdrops are generating buzz among traders like Wynn, aiming to maximize rewards.
- Traders are adopting evolving tactics, including managing hidden positions, in pursuit of lucrative airdrop rewards in the crypto space.
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Coindoo
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CFTC Faces Leadership Shakeup Amid Incoming Crypto Legislation
- All four current commissioners at CFTC have exited or announced plans to step down, leading to a complete turnover in top leadership.
- Congress is advancing a bill to formalize CFTC's oversight in crypto markets, requiring digital exchanges to register with the agency alongside the SEC.
- Former CFTC Chair Rostin Behnam sees the transition as favorable for crypto legislation and believes new leadership could align well with bill progress.
- The leadership shakeup at CFTC amidst incoming crypto legislation could define the future of U.S. crypto regulation with the potential for accelerated evolution or delays.
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Coinjournal
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HYPE outperforms major cryptos, Bitcoin Pepe prepares for listing
- Hyperliquid’s cryptocurrency HYPE has outperformed major cryptos, gaining 7% in the last 24 hours and now ranking as the 11th-largest by market cap.
- Bitcoin Pepe presale is ending soon, having raised $13.6 million, with its native token $BPEP set to list on exchanges on June 17th.
- HYPE's significant value increase in the past year demonstrates its growing importance in the cryptocurrency market.
- Bitcoin Pepe aims to enhance memecoin trading on the Bitcoin blockchain and its L2 network allows developers to migrate memes to Bitcoin, with exchanges set to boost $BPEP adoption.
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Coindoo
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Webus Partners with Samara Alpha for XRP Treasury Management, Eyes $300M Mandate
- Samara Alpha partners with Webus to manage up to $300 million in digital assets, becoming the exclusive asset manager.
- No fund transfers have occurred yet, as Webus retains control until capital is moved into approved custody wallets.
- Webus follows a phased rollout approach for flexibility and control, preparing for potential deployment based on timing and financial alignment.
- The partnership with Samara Alpha strengthens Webus' digital treasury model, focusing on XRP and emphasizing readiness for structured crypto management.
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Coindoo
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Best Crypto to Buy Today: BlockDAG, Hedera, VeChain, & Chainlink Show Fresh Momentum
- BlockDAG, priced at $0.0018 with a fixed rate, has raised over $281 million with promising future returns after its presale ends.
- VeChain (VET) at $0.0242 is in a support testing phase, providing a potential rebound opportunity with market cap at $1.83 billion.
- Hedera (HBAR) trading around $0.1679 shows recovery potential with high trading volume surging to $202 million.
- Chainlink (LINK) at $14.02 holds strong technical patterns despite minor drops, with a market cap above $9.15 billion.
- The selected cryptocurrencies offer strategic entry points based on current market conditions and future prospects.
- Each project, like BlockDAG focusing on DAG technology and VeChain on real-world applications, stands out for specific reasons.
- Investors are advised to conduct research before engaging in any cryptocurrency-related actions for informed decision-making.
- With upcoming events and potential price movements, considering these options could be beneficial for both short-term and long-term strategies.
- The article emphasizes the importance of timing and measurable factors in selecting the best crypto investments today.
- Readers are encouraged to stay informed and make timely decisions to leverage the opportunities presented by these cryptocurrencies.
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Coindoo
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Consensys Acquires Web3Auth to Upgrade MetaMask Security
- Consensys acquires Web3Auth to upgrade MetaMask security, targeting seed phrase management as a major concern in crypto self-custody.
- Web3Auth technology integration will introduce web2 login methods into MetaMask, reducing the need for manual seed phrase storage and enhancing security.
- The acquisition supports MetaMask's expansion to non-Ethereum chains like Solana and Bitcoin, enabling seamless cross-chain transactions within the wallet.
- Consensys aims to make self-custody more secure and accessible for mainstream users by enhancing MetaMask's security and multi-chain capabilities.
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