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Zycrypto
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Solana Eyes 17x Jump Amid Social Engagements Going Through the Roof to Hit 174 Million
- Solana (SOL), a leading blockchain platform known for scalability and speed, is potentially gearing up for a significant price surge, possibly reaching the $3,050 mark as per analyst Ali Martinez.
- Solana's unique features like handling 65,000 transactions per second and utilizing proof of history (PoH) consensus mechanism contribute to its high speed and efficiency in processing transactions.
- Recent surge in social engagements, with SOL engagements hitting 174 million, indicates heightened interest and speculation around Solana, outperforming Ethereum and XRP in terms of engagement numbers.
- The addition of SOL support by MetaMask will enhance user exposure to digital assets and improve interoperability across various networks beyond Ethereum Virtual Machine (EVM) compatible ones.
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Coindoo
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These 2 Altcoins Could Be Nearing a Local Bottom
- Data on Bitfinex suggests a pattern where increasing long positions lead to price decrease and vice versa, often due to retail traders entering wrong leveraged positions.
- Currently, long positions on Bitfinex are declining which could signal a potential bullish trend by clearing excess leverage for a healthier setup.
- Recent liquidations in altcoins like ADA and LINK indicate traders misjudged the market direction, with short positions posing the highest liquidation risk.
- Alphractal notes that major liquidations often precede local bottoms in crypto markets, suggesting a cautiously optimistic outlook based on Bitfinex positioning trends.
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Zycrypto
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Coinbase Set To Launch XRP And Solana Futures Trading In The US As ETF Hype Grows
- Coinbase Derivatives is set to launch 24x7 futures trading for Ripple's XRP and Solana (SOL) on June 13, bridging the gap between fixed trading hours and the 24/7 nature of the crypto market.
- The round-the-clock futures trading will be available for both retail and institutional users in the US, following Coinbase's recent introduction of 24/7 trading for Bitcoin and Ethereum futures.
- Coinbase aims to capture a significant share of the trillion-dollar derivatives market by offering these new products, given that derivatives now account for over 75% of global crypto trading volume.
- This move by Coinbase coincides with various investment managers submitting paperwork for spot XRP and SOL exchange-traded funds (ETFs) with the SEC, as Bloomberg Intelligence analysts raise the estimated odds of US regulators approving a SOL ETF in 2025 to 90% and funds holding XRP to 85%.
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Zycrypto
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Trump Media To Invest $2.3 Billion In Bitcoin After Successfully Closing Capital Raise
- Trump Media and Technology Group has closed a private placement offering to establish a corporate Bitcoin treasury, raising $2.32 billion in net proceeds.
- They sold 56 million shares at $25.72 each for gross proceeds of $1.44 billion and issued $1 billion in convertible secured notes, with 50 institutional investors participating.
- The company plans to use the funds to buy Bitcoin and for general corporate purposes, adding Bitcoin to its balance sheet alongside existing assets.
- This move makes Trump Media one of the largest Bitcoin holders among publicly-traded U.S. firms, with Crypto.com and Anchorage Digital set to custody the purchased Bitcoin.
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Cryptopotato
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SEC Endorses Crypto Staking as Non-Security Activity in Landmark Guidance
- SEC's Division of Corporation Finance stated that protocol staking activities on networks using proof-of-stake consensus are not considered securities offerings under federal laws and do not require registration.
- The Division clarified that participants in Protocol Staking Activities do not need to register with the SEC under the Securities Act.
- Staking arrangements were categorized into different types, and it was concluded that staking rewards do not rely on entrepreneurial efforts of others, hence failing the Howey test.
- In related news, US lawmakers introduced the CLARITY Act of 2025, a regulatory framework for crypto assets, to bring clarity and consumer protection in the digital asset ecosystem.
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Coindoo
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Data Breach Exposes Sensitive Info of Over 364,000 Americans
- A data breach affecting over 364,000 Americans was traced back to a third-party software development platform associated with LNRS, occurring on December 25, 2024.
- Exposed information includes sensitive data such as Social Security numbers, driver's license numbers, names, contact details, and dates of birth. No financial or credit card information was compromised in the breach.
- LNRS is offering two years of complimentary identity monitoring services to affected individuals and has not found evidence of misuse yet, but urges customers to remain vigilant.
- An internal investigation is ongoing, with LNRS collaborating with cybersecurity experts and law enforcement to bolster security measures amidst growing concerns about third-party cybersecurity risks.
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Bitcoinmagazine
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Amboss Launches Rails, a Self-Custodial Bitcoin Yield Service
- Amboss introduces Rails, a self-custodial Bitcoin yield service for companies, custodians, and high net worth individuals to earn yield on their Bitcoin.
- Rails allows Liquidity Providers to hold custody of their Bitcoin while generating returns from liquidity leases and payment routing, with enhanced transaction dependability and larger payment volumes through Amboss' AI technology.
- CEO and Co-Founder of Amboss, Jesse Shrader, views Rails as transformative for the Lightning Network, enabling businesses to strengthen the network while earning on their Bitcoin, advancing Bitcoin's evolution as a global medium of exchange.
- Amboss offers two options through Rails: Rails LP for high net worth individuals, custodians, and companies with Bitcoin treasuries, and Liquidity subscriptions for businesses receiving Bitcoin payments, with fees starting at 0.5%.
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Coindoo
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Jamie Dimon Criticizes U.S. Bitcoin Reserve Plan at Reagan Forum
- Jamie Dimon criticized the U.S. Bitcoin reserve plan at the Reagan Forum, opposing the stockpiling of Bitcoin.
- The U.S. policy shift involves creating a national Bitcoin reserve from coins seized in federal operations.
- Dimon's remarks highlight the divide between traditional financial leaders and the increasing institutional acceptance of Bitcoin.
- He warned against the U.S. government's approach, emphasizing the risks associated with using Bitcoin as a strategic asset.
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Coindoo
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Bitcoin Faces Breakdown Risk Below $106K, Warns Analyst
- Analyst warns that Bitcoin faces breakdown risk below $106,000, highlighting it as a crucial support level.
- If Bitcoin drops below $106,000, it could trigger a multi-level drop with potential downside targets of $101,000, $100,000, $97,000, or even $92,000.
- There is a visible imbalance in Bitcoin's price chart that might be filled if bearish momentum takes over, with Bitcoin currently trading around $107,560, about 4% below its all-time high.
- On the bullish side, a recovery above $110,000 could invalidate the breakdown thesis and shift momentum back to the bulls, with Bitcoin trading in a range between $106,000 and $112,000.
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Cryptopotato
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Champions League Finalist PSG Adopts Bitcoin for Treasury Reserves
- Paris Saint-Germain (PSG) is the first major sports club in the world to allocate Bitcoin to its treasury reserves.
- PSG quietly started acquiring BTC in 2024, making it one of the largest clubs to embrace digital assets.
- PSG's move to adopt Bitcoin aligns with its tech-savvy fanbase and positions the club as an investor in the digital assets space.
- This trend in adopting Bitcoin for treasury reserves is also seen in other companies like GameStop and Michael Saylor's MicroStrategy.
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Coindoo
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Leader of the UK’s Reform Party Vows Crypto Revolution in UK
- Leader of the UK's Reform Party, Farage, vows to introduce a Crypto Assets and Digital Finance Bill if elected Prime Minister.
- Proposed reforms include establishing a Bitcoin digital reserve in the Bank of England, reducing capital gains tax on crypto profits, and providing legal protections for bank account closures related to crypto dealings.
- Farage criticizes current political inaction and aims to lead a crypto revolution, citing 7 million Britons holding crypto assets and the need for modernization.
- Reform Party eyes a major global crypto trading center in London if they secure power, inspired by the pro-crypto stance of the Trump administration in the US.
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Cryptopotato
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Bitcoin Price Crashes to $104K as US-China Tensions Escalate
- Bitcoin's price dropped to around $103,700 amidst escalating US-China tensions with total liquidations in the derivatives market reaching $844 million.
- Over $226 million worth of BTC positions were liquidated in just one hour, predominantly long positions amounting to $220 million.
- Major stock markets like S&P 500, Nasdaq, and Small Cap 2000 are down by more than 1%, while DJI is down by 0.6%.
- Donald Trump accused China of violating agreements, hinting at retaliation, prompting market concerns, while China called for the US to correct its actions and uphold consensus.
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Coinjournal
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Livepeer (LPT) price surges 150% as it defies market downturn
- Livepeer (LPT) price surged 150% to hit $14.15 on May 30, 2025, defying the market downturn.
- LPT, along with other tokens like Pocket Network, White Rock, and Numeraire, soared amid sell-off trades that pushed Bitcoin to $105k.
- Livepeer's price rally was fueled by positive news, including a surge in Nvidia stock and enthusiasm from the LPT community after Upbit's listing announcement.
- If bulls break above $15, the price could target $20, with major resistance around $25; key support levels for Livepeer are at $9.5 and $5.3.
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Cryptopotato
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Bitcoin (BTC) Profit-Taking Still Modest, No Sign of Bull Run Ending
- Bitcoin is currently trading below $106,000, leading some investors to cash out partial holdings to secure profits.
- New data indicates that profit-taking is modest compared to past market peaks, suggesting a possible short-term correction but not the end of the bullish trend.
- Accumulation trends by major Bitcoin holders and signals like NRPL and BCMI point towards continued strength in Bitcoin's rally with no clear indications of a shift to a downtrend.
- Whale buys of over 20,000 BTC in the last 48 hours, along with rising CryptoQuant's BCMI signal, indicate a potential market upside and early stages of an accumulation phase.
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Coindoo
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Altcoin Market and Ethereum Face Crucial Resistance as Breakout Pressure Builds
- Analysts Michaël van de Poppe and Daan Crypto Trades emphasize the need to clear major levels for the next leg of the bull run.
- Ethereum struggles to surpass $2,700, with $2,850 identified as a critical barrier holding significant liquidity for a breakout.
- Daan Crypto Trades focuses on the total altcoin market cap excluding Bitcoin, highlighting the importance of reclaiming the 2024 high level.
- The coming days are crucial for Ethereum to break above $2,850 and the altcoin market cap to surpass $1.23 trillion resistance, as failure could reinforce bearish patterns.
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