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Bitcoinmagazine
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The Citadel (v. Nardo): From Meme to Monument
- The Citadel (v. Nardo) painting transformed from a digital meme to a monumental hand-painted artwork, exploring the impact of memes on culture and society.
- Inspired by a Reddit post warning about a future dominated by Bitcoin, The Citadel meme emerged with powerful visual symbolism and spread across internet platforms.
- The artist created The Citadel (v. Nardo) as a 7x5 feet oil painting, integrating iconic internet figures and symbolic references to convey a sense of mythic grandeur and truth.
- The painting will be auctioned at Scarce.City and showcased at the Bitcoin Conference in Las Vegas, symbolizing a response and reminder of the influence of memes on reality.
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Coindoo
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Bitcoin Dropped Under $110,000 — What Could Be the Reason?
- Bitcoin, Ethereum (ETH), and XRP prices have dropped in the last 24 hours.
- Former President Donald Trump's proposal of a 50% tariff on EU goods may have intensified the crypto market sell-off.
- European markets experienced a sharp decline in response to Trump's announcement, causing concerns of wider economic instability.
- Cryptocurrency market is highly sensitive to macroeconomic signals and geopolitical tensions.
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Cryptopotato
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Bitcoin Slumps Below $109K as Trump Proposes New Tariffs Against EU
- President Trump proposed a 50% tariff on EU starting June 1, citing no meaningful results from talks and a substantial trade deficit for the US.
- This announcement had an immediate impact on cryptocurrency markets, with Bitcoin dropping below $109,000 from $111,000 after reaching an all-time high the previous day.
- Bitcoin had previously experienced a significant drop when Trump initiated a trade war, hitting a low of under $75,000, but had since recovered and broken its January all-time high.
- After Trump's recent statement, altcoins also turned red, causing significant losses in the market and leading to over $450 million in liquidated positions and wrecking almost 150,000 traders.
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Cryptopotato
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Pi Network News Today: May 23
- Pi Network recently announced a $100 million initiative, called Pi Network Ventures, to invest in startups and businesses to enhance Pi's progress and adoption.
- Kraken has started supporting PI perpetual futures trading with up to 20x leverage, expanding the trading options for the coin.
- The number of PI tokens stored on exchanges peaked at almost 400 million, showing a recent decline as investors might be shifting away from centralized platforms.
- Currently priced at around $0.78, PI has seen a 10% weekly decline and remains optimistic about potential price surges despite upcoming token unlocks that could affect prices negatively.
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Zycrypto
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Cardano’s Hoskinson Shares Optimistic Outlook for Bitcoin and Dogecoin
- Cardano's Charles Hoskinson emphasizes the significance of community-centered foundations for cryptocurrency projects like Bitcoin and Dogecoin at the consensus conferences.
- Hoskinson expresses a positive long-term outlook for both Bitcoin and Dogecoin, highlighting the importance of governance, adaptability, resilience, growth, and community support.
- Analysts anticipate a price rally for Dogecoin with a 15% potential price move as DOGE forms a falling wedge pattern. DOGE has seen over 50% gains in the last 30 days, currently trading at $0.23.
- Market experts are also optimistic about Bitcoin's price performance in the upcoming week, with the cryptocurrency currently trading at $110,745.
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Cryptopotato
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This Trader Bet $1B on Bitcoin, Says Asset Is Dying to Break Out Higher
- Bitcoin (BTC) reaches new all-time high above $111,900 with traders betting big on its next targets.
- Trader James Wynn bets $1.1 billion on BTC with 40x leverage on HyperLiquid, increasing his initial bet significantly as BTC price surged.
- Wynn takes profits along the way, realizing a total of $17 million profit while still sitting on an unrealized profit of at least $14 million.
- Wynn sees potential for BTC to hit $115,000 to $118,000 target soon and mentions major psychological support at $100,000.
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Coinjournal
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JUP price prediction as Jupiter eyes dominance in Solana DeFi
- Jupiter (JUP) price is above $0.6 and could target $1, with significant rally support amid upcoming Jupiter Lend launch.
- JUP has spiked by more than 11% in the past 24 hours and 21% in the past week to hit highs of $0.64, signaling potential growth.
- Jupiter's surge is supported by its plans for the Jupiter Lend platform, set to launch this summer and become a major player in Solana's DeFi market.
- JUP's price hovering near $0.61, with bullish indicators suggesting a potential breakout to $1 or higher, while a reversal below $0.57 could lead to a revisit of support around $0.47.
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Cryptopotato
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Crypto Price Analysis May-23: ETH, XRP, ADA, SOL, and HYPE
- Ethereum (ETH) consolidated with a 2% gain this week, poised for a rally towards $3,000 if it stays above $2,400.
- Ripple (XRP) remains under $2.6 resistance, showing bullish momentum and potential for a quick move to $3 once resistance is broken.
- Cardano (ADA) up 5% this week targeting $0.9, showing positive signs with potential to reclaim $1 with good support at $0.75.
- Solana (SOL) up 8% aiming to break resistance at $186, with potential to reach $200, showing strength in its rally.
- HYPE surged 39% to $37 this week, eyeing $40 next, demonstrating significant growth and setting new all-time highs in 2025.
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Cryptopotato
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WLD Soars 31% as Sam Altman’s World Network Lands $135M in Fresh Funding
- Worldcoin (WLD) surged by 31% after securing a $135 million investment from VC firms Andreessen Horowitz and Bain Capital Crypto, aiming to scale U.S. operations and deploy iris-scanning Orbs for human verification.
- The funding will support the project's U.S. rollout, with plans to reach 180 million Americans by placing 7,500 Orbs. WLD tokens can be obtained in exchange for biometric verification via Orb, offering features like token-backed loans and prediction markets.
- World continues to face privacy concerns despite its global user base surpassing 26 million and issuing 12.5 million Orb-verified IDs. Legal disputes in Germany and Brazil and caution from Singaporean lawmakers have arisen over biometric data handling.
- Despite recent operational suspensions, the partnership with Match Group in Japan for age verification on Tinder hints at a strategic shift. WLD token price stability remains strong, trading at $1.54 and witnessing a 31.4% increase in the past week.
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Coindoo
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Solana Approaches Key Breakout Level as Classic Pattern Emerges
- Solana (SOL) is approaching a critical breakout level as a classic 'cup and handle' pattern emerges on its long-term chart.
- The 'cup and handle' formation is considered one of the most bullish patterns in classical charting, indicating a potential surge in buying momentum after a period of accumulation.
- The key resistance level for Solana is around $210, with a breakout above this level potentially triggering a parabolic bull run.
- Analysts advise traders to prepare in advance for a potential breakout, which could lead to a sustainable rally supported by organic accumulation.
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Coindoo
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Boomers Surge Into Bitcoin: Retirees Now Fastest-Growing Crypto Investors in Australia
- Older Australians are now embracing digital assets, such as Bitcoin, drawn by high returns and the opportunity to support future generations.
- Retirees like Terry and Justine Sanders from Brisbane have seen significant gains from their BTC investments, which have made a huge difference in their lives.
- Despite their success, older investors often keep their crypto involvement quiet due to skepticism from peers about this non-traditional investment choice.
- With over a third of clients aged 60 and older, crypto investment coaches highlight the appeal of crypto for seniors seeking better returns than traditional investments, but caution is urged due to the risks, especially related to scams.
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Coindoo
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MetaPlanet Adds More Bitcoin, But Smart Retail Traders Stack FloppyPepe For Double-Digit Gains Before Next Price Jump
- Japanese investment firm Metaplanet acquires 1,004 Bitcoin, increasing total stash to 7,800 BTC worth over $800 million.
- Retail traders invest in FloppyPepe (FPPE) for double-digit gains amidst a price surge, utilizing an 80% bonus code.
- FloppyPepe (FPPE) gains popularity among retail traders due to its AI ecosystem and real-world utility supporting wildlife conservation.
- MetaPlanet focuses on Bitcoin investments, aiming for 10,000 BTC by 2025, with Q1 2025 results showing a 95.6% return on BTC investments.
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Coindoo
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SEC Acknowledges Filing for Staked TRX ETF by Canary Capital
- SEC is reviewing a filing for a Staked TRX ETF by Canary Capital submitted to Cboe BZX Exchange.
- The SEC is soliciting public comments on the proposed rule change for the ETF.
- Canary Capital's ETF strategy includes filings for staked ETFs tied to various altcoins like SUI, HBAR, and LTC.
- If approved, the TRX ETF would offer exposure to staking yields, combining price exposure with potential on-chain rewards.
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Coinjournal
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Dogecoin price prediction: $0.43 in sight with Solana integration
- Dogecoin price rose to above $0.25 as Bitcoin jumped to a new all-time high.
- DOGE could rally to $0.43 if bullish momentum continues.
- News of Dogecoin expansion to Solana via Wormhole’s multi-chain assets ecosystem could bolster DOGE.
- Dogecoin joins Wormhole’s multi-chain assets ecosystem to expand DOGE to Solana, enhancing utility and accessibility.
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Cryptopotato
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Important Ripple (XRP) Developments, Cardano’s (ADA) Bull Run Potential, and More: Bits Recap May 23
- XRP's price has stagnated due to various factors, including selling by whales and SEC's postponed decision on XRP ETF applications.
- Nearly one billion ADA has been withdrawn from exchanges, indicating reduced selling pressure and potential for a bullish breakout.
- DOGE is showing renewed momentum, with predictions of a rally to $0.31 supported by increased whale activity and transaction volume.
- Ripple's XRP, Cardano's ADA, and Dogecoin (DOGE) are experiencing notable developments and price movements in the crypto market.
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