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Coinjournal
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Bybit opens European headquarters in Vienna after securing MiCA license in Austria
- Bybit establishes its European headquarters in Vienna, Austria, after acquiring a license under the European Union's Markets in Crypto-Assets Regulation (MiCA) framework.
- The MiCA license allows Bybit to offer services legally across all 29 member states of the European Economic Area.
- Bybit plans to create over 100 new jobs in Vienna and collaborate with local universities as part of its expansion into the European market.
- Despite a security breach earlier in the year, Bybit has regained market confidence, obtained regulatory approvals, and aims to offer user-centric services across Europe.
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Cryptoticker
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DOGE News Today: Elon Musk Exit, Congress Cuts, and Price Surge to $1?
- Elon Musk has exited his role as a Special Government Employee under the Trump administration, ending his involvement in the Department of Government Efficiency (DOGE) initiatives.
- Congress is set to review and vote on legislative packages influenced by Musk's proposals, sparking debates on fiscal reform and government savings.
- 21Shares has filed to launch the first-ever Dogecoin ETF, potentially increasing institutional interest in Dogecoin as a legitimate digital asset.
- Dogecoin is currently trading at $0.2257, showing a surge fueled by retail investor engagement, political attention, memecoin trends, and the ETF filing by 21Shares.
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Cryptopotato
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XRP Faces Diminishing Momentum Amid Deepening Consolidation: Ripple Price Analysis
- XRP is currently in a long-term consolidation phase with no clear bullish momentum or breakdown confirmation.
- Both XRP/USDT and XRP/BTC pairs show indecisiveness with price action within defined patterns.
- Technical analysis shows XRP/USDT compressing within a descending channel with strong support near $2.
- Against Bitcoin, XRP is near key support at 2200 SAT and could face a bearish bias if it fails to break above moving averages.
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Coinjournal
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ENS price surges: Could Ethereum Name Service hit $100k milestone?
- Ethereum Name Service (ENS) price has surged 35% in the past month and was up 8% in 24 hours on Thursday due to altcoin buzz.
- ENS market cap is near $903 million, with trading volume up by 157% to over $192 million in 24 hours.
- ENS is considered one of the top Ethereum beta plays, with analysts pointing to potential gains alongside the expected rally of ETH.
- If Ethereum breaks resistance, ENS could target $100 with recent highs of $48 and potential technical breakout signals pointing towards $30 resistance.
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Coinjournal
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FTT posts slight gains as FTX prepares $5B in distributions
- FTX Token (FTT) has gained 2.8% trading above $1.24 amidst news of $5 billion distributions.
- FTX Token's recent price action includes a 32% surge in the past month, with fluctuations from lows of $1.12 to $1.24 in the last 24 hours.
- Anticipation of the $5 billion distributions by FTX bankruptcy estate has generated market activity, with potential positive implications for FTT price movement.
- Broader market sentiment and the impact of creditor repayments are key factors driving speculation around FTX Token's future performance.
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Coindoo
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Bybit Secures MiCA License in Austria, Paving Way for EU-Wide Expansion
- Bybit has secured the MiCA license in Austria, allowing it to expand across all EU member states under a unified license.
- The license signifies Bybit's commitment to compliance and positions it to compete with other established players in the EU market.
- Bybit's platform now aligns with EU regulatory requirements, enhancing customer confidence and ensuring robust consumer protection.
- This move is expected to strengthen Bybit's competitive edge and broaden its user base across Europe as MiCA enforcement becomes crucial for growth.
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Coinjournal
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Sui hits highest-ever monthly DEX volume despite price dip following Cetus exploit
- Sui achieves a historic milestone with the highest-ever monthly DEX volume of $14.8 billion.
- Market confidence in Sui shaken by the $223 million Cetus exploit.
- SUI price struggles to surpass the $3.87–$4.13 resistance range amidst aftermath of Cetus hack.
- Despite price stagnation, Sui's DEX volume spikes, Total Value Locked (TVL) rises, and governance discussions are ongoing post-exploit.
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Cryptopotato
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Bitcoin Enters Euphoria Phase: On-Chain Data Signals Volatility Ahead at $120K
- Bitcoin has reached a new ATH above $111,000 driven by increased investor confidence and record spot BTC ETF inflows.
- On-chain data indicates euphoric sentiment, with volatility expected around the key $120,000 level.
- Glassnode's analysis shows rising investor profitability, surging trade volume, and increased futures open interest.
- Experts warn of potential volatility and caution due to unresolved macroeconomic uncertainties despite BTC's recent price consolidation around $107,728.
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Coinjournal
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Best crypto presales to buy as Bitcoin ETFs hit $45 billion milestone
- Bitcoin remains above $100,000 amidst hype around the 2025 crypto bull run, benefiting from economic uncertainties and improved market sentiment due to President Trump's softened stance on tariffs.
- Bitcoin ETF inflows have been on the rise with 10 consecutive days of net inflows, totaling $45.34 billion, indicating heightened investor interest despite observed volatility.
- Bitcoin Pepe emerges as a promising crypto presale with upcoming tier-1 exchange listings. The meme project, launched on February 11, attracted significant investments and is expected to see rapid growth post-listing.
- Investors eye the potential hundred-fold growth of BPEP token, currently priced at $0.0377, as demand increases and supply dwindles. The rush to buy before the listing on Saturday is expected to drive further momentum.
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Coindoo
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Ethereum Eyes $3,000 as Breakout Momentum Builds
- Ethereum (ETH) is poised for a breakout towards $3,000 after clearing resistance around $2,800.
- ETH is currently trading at $2,726 with a 3.13% daily gain and a market cap of $329 billion.
- Technical analysts are bullish on Ethereum's outlook, citing a breakout from a multi-week ascending triangle.
- Traders are monitoring ETH's volume and follow-through strength for confirmation of a sustained break above $2,800.
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Coinjournal
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Zebec Network token hits all-time high on Uphold support, Ripple deal speculation
- Zebec Network token price hits all-time high of $0.005764 after Uphold revealed $35M backing and Ripple partnership speculations.
- ZBCN price rally started on May 21, growing over 130% amid investor optimism, reaching a market cap of $433.6 million.
- Uphold holding over $100M in ZBCN assets under custody and possible Ripple collaboration contribute to the bullish sentiment.
- Zebec Network launches Zebec Carbon, a zero-fee Mastercard crypto card with Apple Pay, aiming to enhance real-world utility.
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NullTX
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ZORA TOKEN PRICE ANALYSIS & PREDICTION (May 29) – Zora Remains Indecisive After Washing Daily Gains, What Next?
- Zora token price remains indecisive after washing daily gains and failing to initiate a bullish rally.
- Zora struggled to join the recovery phase in altcoins' prices, maintaining a bearish trend without significant gains in April.
- Zora experienced a sudden surge in volatility on Monday, increasing by over 20% but retracing back to trade flat at $0.01.
- Key levels to watch for Zora include reclaiming the monthly low of $0.0088 to avoid a dip to $0.006 and potentially aiming for levels around $0.02 and $0.03 in case of a trend shift.
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Financemagnates
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Malta-Regulated Crypto Firms Must Maintain Dedicated Websites for EU Clients
- Malta's regulator mandates locally licensed crypto firms to maintain dedicated websites for EU clients, providing clear disclosures for offerings unavailable in EU jurisdictions.
- The Malta Financial Services Authority (MFSA) conducted a review of crypto-asset service providers (CASPs) under the MiCA framework, identifying complex website structures that lack clarity and transparency.
- Leading crypto brands like Gemini, Crypto.com, and OKX operate from Malta under the MiCA framework, with the MFSA emphasizing the importance of websites complying with regulatory obligations.
- Some crypto exchanges opt for acquiring a European MiFID II license for offering crypto derivatives in the EU region, with Kraken, Coinbase, and Crypto.com securing such licenses through acquisitions of relevant firms.
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Coindoo
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Bitcoin Traders Brace for Breakout as Consolidation Nears Decision Point
- Daan highlighted the formation of a symmetrical triangle on the BTC/USD chart, warning of potential false breakouts before reversing.
- The consolidation phase is supported by a spot premium and institutional buy pressure, preventing mass unwinds due to low funding risk.
- Traders are advised to be cautious due to potential false moves, but a breakout from the current range could offer a strong entry signal.
- Volatility is increasing, and institutional interest remains high, raising anticipation for Bitcoin's next direction amid the consolidation phase.
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Coindoo
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Qubetics’ Multi-Chain Wallet, VeChain’s Innovation, and Avalanche’s FIFA Partnership—Top Cryptos to Join This Week?
- Three prominent blockchain projects are making waves this week: Qubetics, VeChain, and Avalanche, each offering unique opportunities in the crypto space.
- Qubetics is launching a multi-chain wallet to simplify managing digital assets across various blockchain networks like Ethereum, Solana, Avalanche, and more.
- Qubetics' presale has raised $17.5 million, with price predictions showing significant potential gains for early investors.
- VeChain is enhancing cross-chain interoperability by integrating with Wanchain, expanding its utility and appeal to developers.
- VeChain, known for enterprise solutions, is evolving into a versatile Layer 1 blockchain with real-world applications beyond supply chain management.
- Avalanche's partnership with FIFA for FIFA+ Collect showcases its scalability and suitability for high-traffic real-world applications.
- Avalanche's collaboration with FIFA highlights the trend of decentralized solutions for fan engagement and digital ownership in mainstream contexts.
- Qubetics, VeChain, and Avalanche represent varied strengths in usability, interoperability, and mainstream adoption, offering opportunities for further research and engagement.
- Investors can participate in Qubetics' presale, while VeChain and Avalanche tokens are available on major exchanges for those interested in joining these projects.
- Potential investors are advised to conduct thorough due diligence before making any investment decisions in the crypto space.
- Whether you seek wallet solutions, enterprise blockchain advancements, or mainstream partnerships, Qubetics, VeChain, and Avalanche present compelling options for crypto enthusiasts to explore this week.
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