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Cryptopotato
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Good News for Dogecoin’s Price, But What About Shiba Inu? (Details)
- Dogecoin's price showing promise as a buy signal is flashed on the hourly chart by the TD Sequential metric, indicating potential gains in the near future.
- Dogecoin peaked at $0.26 on May 11 but has since lost momentum and currently trades at just over $0.222, with a possibility of upcoming gains signaled by TD Sequential.
- Shiba Inu's price has fallen by around 12-13% since mid-May, currently consolidating in a descending triangle pattern that could lead to a significant 17% move, showing a bearish chart pattern.
- Despite concerns over Shiba Inu's price structure, some industry experts remain bullish on the asset, viewing it as a complex yet promising investment within the crypto industry.
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Financemagnates
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Conflict of Interest? Incoming CFTC Chair Has Deep Ties with Crypto and Prediction Markets
- Brian Quintenz, nominated to be the next Chairman of the CFTC, disclosed $3.4 million in assets and has deep ties with the crypto industry and prediction markets.
- Quintenz currently serves as the Global Head of Crypto Policy at a16z and holds positions in various companies like Kalshi and Next Level Derivatives.
- His connections to the crypto and prediction markets have raised concerns about potential conflicts of interest given his regulatory role at the CFTC.
- Quintenz has addressed these concerns by agreeing to avoid conflicts of interest and resign from relevant positions within 90 days of confirmation as the CFTC Chair.
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Cryptopotato
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Early Signs of Retail Interest in Bitcoin (BTC), But No Breakout Yet
- Bitcoin is trading near its all-time high, but the surge lacks widespread retail activity.
- Current data shows early signs of retail movement in the market.
- Institutional investors are driving the current rally, with retail demand lagging behind.
- For sustainable price growth, a substantial increase in retail investor engagement is crucial.
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Coindoo
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Circle’s $99.8M Hashnote Deal Confirmed in IPO Docs
- Circle's updated S-1 filing confirms the $99.8 million Hashnote deal, including cash and Circle shares.
- Circle's strategic investments are revealed ahead of its IPO, aiming to raise $600 million.
- The acquisition of Hashnote Holdings LLC for $99.8 million indicates Circle's focus on tokenized assets and digital finance infrastructure.
- Circle's move beyond stablecoins into institutional-grade tokenization showcases its broader vision for digital finance.
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Coindoo
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IMF Urges El Salvador to Freeze Bitcoin Holdings Amid Loan Deal
- IMF urges El Salvador to freeze Bitcoin holdings amid loan deal.
- The IMF's position contrasts sharply with President Nayib Bukele's push to expand the country's Bitcoin portfolio.
- El Salvador agreed to scale back its bitcoin activity by the end of 2024 in exchange for a 40-month financing deal and a $1.4 billion loan from the IMF.
- Other global lenders, like the World Bank, may provide additional support, making the total financing package potentially reach $3.5 billion.
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Coindoo
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Square Adds Bitcoin Payments with Lightning Network Support
- Square has added Bitcoin payments with Lightning Network support for fast and cheap transactions.
- Bitcoin 2025 attendees in Las Vegas will be the first to experience this new payment method at the BTC Inc. store.
- Merchants using Square's Point of Sale app can now accept payments in bitcoin using regular Square hardware.
- These updates provide businesses more flexibility with crypto and empower small businesses to receive instant payments and keep more revenue.
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Cryptopotato
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Donald Trump Jr. Unveils $2.5B Bitcoin Moon Shot at Vegas Conference
- Donald Trump Jr. expressed bullish sentiments on Bitcoin and crypto at the Bitcoin 2025 conference in Las Vegas.
- He announced the creation of a $2.5 billion Bitcoin treasury through the Trump media group, TMGT.
- Senator Cynthia Lummis mentioned Trump's support for the Bitcoin Act, which aims to acquire 1 million BTC over five years for a strategic reserve.
- David Sacks, the White House AI and crypto czar, emphasized Bitcoin as the 'financial system of the future' during the conference.
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Cryptopotato
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TRX’s Correlation to BTC Could Result in 4x Surge in 2025: Analyst
- TRX's correlation with BTC has analysts suggesting a potential 4x surge by 2025.
- Tokens like TRX, SUI, ADA, HBAR, and LTC with high correlation to BTC historically amplify gains during bull cycles.
- TRX's smaller market cap of $26 billion offers more explosive potential compared to Bitcoin's $2.17 trillion market cap.
- In addition to BTC correlation, TRX's resilience, network growth, and increased adoption across Asia signal strength and potential for further growth.
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Cryptopotato
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Bitcoin (BTC) Nears Euphoria Zone With 99% UTXOs in Profit
- Bitcoin's price surged 50% from April lows to hit an all-time high of around $112,000 on May 23, driven by renewed market momentum.
- CryptoQuant's analysis reveals that 99% of Bitcoin's Unspent Transaction Outputs (UTXOs) are currently in profit, historically signaling market euphoria and potential turning points.
- Despite high UTXO profitability, macroeconomic uncertainty and cautious investor sentiment due to the potential policy direction of the Trump administration suggest true euphoria may not have arrived yet.
- Short-term buyer fatigue is observed as Glassnode reports a decline in 14-day RSI, net spot demand, and a cooling momentum alongside growing speculative activity in derivatives markets.
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Cryptopotato
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Plasma Announces the XPL Public Sale, Powered by Echo’s Sonar
- Plasma, a blockchain designed for stablecoins, will hold the first public sale using Echo's Sonar infrastructure.
- 10% of the total XPL supply will be sold in the public sale at a $500 million fully diluted valuation.
- The sale allows the public to participate in XPL sale at the same valuation as Founders Fund’s equity investment, ensuring equal access and a fair launch.
- The XPL token sale aims to distribute tokens to users, developers, and institutions to help scale the network, with stablecoins being deposited into the Plasma vault to earn an allocation.
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Coindoo
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Altcoins Still Lag Behind as Bitcoin Dominates Market Momentum
- Bitcoin's dominance in the market has overshadowed the performance of alternative cryptocurrencies, according to analyst Daan Crypto Trades.
- Altcoins are struggling to break through a key horizontal resistance level, hindering their ability to catch up with Bitcoin's momentum.
- Despite a recent bounce in the altcoin market, it still lags behind Bitcoin's robust trend, with analysts cautioning investors to remain wary until altcoins show more strength.
- Until altcoins can convincingly surpass the resistance zone, Bitcoin's leadership in the market is expected to persist, prompting investors to stay cautious with altcoin investments.
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Coindoo
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How Japanese Bond Market Turmoil Could Push Bitcoin Toward $200,000
- Head of European Research at Bitwise Asset Management, André Dragosch, believes Bitcoin's recent rally is driven by growing instability in Japan's sovereign bond market.
- The surge in Japan's 30-year government bond yield to a record 3.185% on May 20, 2025, indicates rising credit risk, prompting traditional financial institutions to reassess their portfolio strategies.
- As concerns about sovereign debt grow, Bitcoin is seen as a hedge due to its decentralized nature, immutability, and lack of counterparty risk, leading to increased adoption among traditional financial participants.
- Based on the potential for continued credit risks globally, especially in major economies like Japan, Bitwise's André Dragosch predicts Bitcoin could reach $200,000 in the long term as it gains traction as a macro hedge in institutional circles.
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Coindoo
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Crypto Market Cap Holds Steady at $3.33T as Bulls Defend Key Support
- The crypto market cap has been holding steady at $3.33 trillion, a critical point that has been both support and resistance in recent weeks.
- The $3.33T level aligns closely with the ~$108,000 price zone for Bitcoin, indicating a defining moment for the market.
- Currently trading slightly above $3.33T at around $3.41T, a continuation to the upside is possible, but a drop below this level may signal weakness.
- Traders are cautiously optimistic about the market outlook as long as it stays above $3.33T, but a sustained drop below this support could lead to bearish momentum.
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Coindoo
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Big Scam Warning From: Fake Claim Site Targeting Wallets
- Malicious actors have created a fake reward claim portal resembling the official site to deceive users into connecting their wallets.
- The scam site poses a major security risk by draining users' funds once their wallets are connected.
- Community members are advised not to connect their wallets to unverified sites and to verify announcements through official SHIB channels.
- The Shibarium Trustwatch team urges vigilance to prevent further wallet compromises amidst rising phishing and fake airdrop scams in the crypto space.
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Coindoo
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Solana Price Prediction 2026: Will Strong Technicals Sustain the Bullish Outlook While Qubetics Emerges as the Best Crypto Presale?
- Solana's price is showing bullish signs with a current price of $175.26 and a short-term rise of 5% predicted.
- Qubetics, a new multi-chain project, has raised over $17.4 million in a token presale, attracting attention as a top crypto presale opportunity.
- Solana's technical indicators support an uptrend towards $184.02 by 2026, with significant demand and positive momentum.
- Community sentiment is largely bullish on Solana, fostering optimism about its future price growth and value speculation.
- The RSI and moving averages validate Solana's positive trajectory, suggesting potential for further price expansion and quick absorption of pullbacks.
- Price forecasts by participants indicate confidence in Solana's growth, with expectations of reaching $193.22 by 2027 and $223.68 by 2030.
- Qubetics offers a user-friendly environment for decentralized app development, with ROI potential up to 4,794% post-mainnet launch.
- With desirable ROI scenarios, Qubetics is positioned as a standout choice among current crypto presale options, attracting investors seeking high returns.
- The 2026 Solana price prediction of $184.02 aligns with strong technical indicators and positive community sentiment for continued growth.
- Solana's steady price increase and Qubetics' real-world utility make them both compelling opportunities to track for potential gains and long-term value.
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