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Bitcoinist

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Bitcoin Exchange Activity Slumps As Retail Stays On Sidelines – Will Bulls Lose Momentum?

  • Bitcoin trading volume on major exchanges has significantly declined, raising concerns about the current rally's sustainability.
  • The drop in trading volume is partly attributed to the increasing popularity of spot Bitcoin exchange-traded funds (ETFs) and waning interest in altcoins.
  • The decline in BTC trading volume is occurring without market euphoria, suggesting strategic capital allocation over speculative trading.
  • Analysts emphasize the importance of monitoring trading volume spikes, as they often indicate a market top approaching.
  • BTC is trading around 6.4% below its all-time high, with analysts waiting for a clear breakout direction.
  • Key resistance levels for BTC are identified by analysts at around $109,000 and $113,000, with potential ATH near $140,000 if broken.
  • Some warning signs for BTC include sell signals from indicators like Tom Demark's sequential indicator, divergence in Binance open interest, and movements out of the 'buy' zone on indicators like the Bitcoin RCV.
  • At the time of reporting, BTC is trading at $104,292, down 3% in the last 24 hours.

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Newsbtc

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Bitcoin Whales Pull 4,500 BTC From Binance, Hinting At Incoming Rally

  • Bitcoin whales have withdrawn a substantial amount of BTC (4,500 BTC) from Binance, potentially signaling an impending rally.
  • Whale withdrawals often precede price increases as they reduce BTC reserves available for trading.
  • The decrease in BTC inflows, alongside major withdrawals, could lead to a Bitcoin 'supply crunch,' creating upward price pressure.
  • Stablecoin inflows to Binance have spiked, exceeding $400 million, indicating growing buy-side liquidity and renewed investor interest in crypto assets like BTC.
  • The combination of significant BTC withdrawals and stablecoin deposits sets the stage for a possible price breakout.
  • Bitcoin has been exhibiting negative funding rates on Binance, a trend often seen before short squeezes, suggesting potential further upside.
  • Bitcoin's long-term holder Realized Cap exceeding $20 billion indicates increased confidence among seasoned investors.
  • Despite the ongoing BTC rally, retail participation remains low, leaving room for potential growth.
  • Short-term holders have been selling amid recent price corrections, showing caution in the current market conditions.
  • At the time of writing, BTC is trading at $105,575, marking a 1.0% decrease in the last 24 hours.

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Guardian

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‘I have never seen such open corruption’: Trump’s crypto deals and loosening of rules shock observers

  • Cryptocurrency multibillionaire Justin Sun flaunted a $100,000 Trump-branded watch he received for buying $20m of the $Trump memecoin.
  • Trump's dinner event for memecoin buyers raised $148m, drawing criticism for exploiting his office for personal gain.
  • Critics like Steven Levitsky state Trump's actions show open corruption and a disregard for ethical norms.
  • Trump's involvement in crypto ventures and regulation loosening has raised concerns about self-enrichment and conflicts of interest.
  • The relationship between Trump and Sun has led to financial gains and eased regulations for crypto ventures during Trump's presidency.
  • Trump's crypto dealings symbolize a significant shift towards deregulation and paper wealth accumulation while benefiting his allies.
  • Various individuals, including scholars, prosecutors, and watchdogs, have criticized Trump's exploitation of his position for financial gain.
  • The $Trump memecoin launch before Trump's inauguration resulted in significant profits but raised questions about leveraging the presidency.
  • Trump's push for crypto deregulation contrasts with his past remarks on cryptocurrency as he aims to boost his financial interests.
  • Concerns over Trump's crypto dealings have led to calls for inquiries and legislative action to curb potential corruption and conflicts of interest.

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Cryptopotato

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Binance Issues a Crucial Scam Warning Involving All Users: Details

  • Binance has issued a crucial scam warning to its users regarding impersonation attempts by scammers on social apps in order to access accounts and steal personal information.
  • Scammers are pretending to be Binance support, requesting face videos to 'verify' accounts and sending QR codes through WhatsApp, Telegram, and Facebook, which when scanned, provide instant access to Binance accounts.
  • Users on popular social media platforms are prime targets for these scams, especially in areas with high device theft rates.
  • Binance has emphasized the importance of users trusting only official channels to avoid falling victim to scams, as criminals constantly target the exchange's large user base of over 275 million people.
  • Recent threats to Binance users include SMS spoofing attacks, where users received messages instructing them to transfer funds to a dubious wallet after being falsely told that their accounts were accessed from North Korea.
  • Binance's CEO has previously warned about phishing scams targeting the exchange's users and highlighted the importance of user vigilance as the primary defense against such threats.

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Medium

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How NFTs Are Transforming Industries Beyond Art

  • NFTs are expanding beyond art to revolutionize various industries like gaming, music, real estate, supply chain, sports, intellectual property, healthcare, and more.
  • They provide unique digital assets stored on a blockchain, enabling ownership representation, provenance tracking, and new business models.
  • NFT Development Services aid in creating secure solutions, tokenizing assets, and integrating NFTs into existing systems for broad industry application.
  • In gaming, NFTs allow ownership of in-game items, real estate, and cross-game interoperability, offering new revenue streams for developers through smart contracts.
  • In music, artists use NFTs for tokenizing music, exclusive content, royalties, and fan engagement, fostering direct connections with fans and innovative revenue models.
  • Real estate benefits from NFTs through fractional ownership, simplified transactions, and transparency in ownership history, making high-value assets accessible to multiple investors.
  • NFTs address supply chain challenges by providing product authenticity certificates and tracking items from origin to consumer, promoting transparency especially in luxury goods and sustainability initiatives.
  • Sports leverage NFTs for digital collectibles, ticketing solutions, and fan rewards, enhancing fan engagement and offering new revenue streams for franchises.
  • NFT applications expand to intellectual property management, healthcare data security, event ticketing, environmental initiatives, fashion, education, and certification, revolutionizing processes in these sectors.
  • While NFTs present exciting opportunities, challenges like scalability, security, regulatory compliance, and environmental impact need consideration, emphasizing the importance of partnering with experienced NFT development companies.
  • The future of NFTs is expected to bring greater interoperability, mainstream adoption, innovative business models, improved user experience, and significant contributions to the digital economy.

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TronWeekly

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Bitcoin Eyes Breakout to $170K: Derivatives Discount Narrows and ETF Buzz Intensifies

  • Bitcoin maintains stability above $104,400 for six weeks, hinting at potential bullish trend.
  • Binance derivatives exhibit rare discount despite all-time highs, signaling changing market dynamics.
  • Derivatives discount narrowing could trigger short squeeze, leading to increased volatility.
  • Bitcoin whale and retail inflows hit cycle lows, suggesting limited active selling and potential upward price movement.
  • Bitcoin remains dominant despite U.S. Treasury yield fluctuations, indicating its store of value characteristics.
  • Bitcoin trades in ascending broadening wedge pattern targeting $170,000; historical data points to potential major move.
  • Long-term accumulation trends and low on-chain activity show seasoned investors accumulating for future growth.
  • Divergence in derivatives spreads compared to previous years suggests current situation reflects institutional demand and ETF influence.
  • The combined technical strength, macro shifts, and on-chain data reduce downside risk and increase likelihood of a bullish breakout.

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TheNewsCrypto

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Binance Coin (BNB) Price Prediction 2025, 2026-2030

  • Bullish BNB price prediction for 2025 ranges from $773.34 to $1201.99, while a bearish prediction is at $334.70.
  • Analysis of Binance Coin (BNB) price includes technical indicators and future projections for 2025, 2026-2030.
  • BNB is an exchange-based token on the Binance Smart Chain, initially used for fees and now expanded to various utilities.
  • BNB hit its all-time high at $793.35 in December 2024 and has seen growth in its ecosystem with platforms like Four.meme.
  • Technical analysis indicators like RVOL, MA, RSI, ADX, and RVI provide insights into BNB's market status and potential price movements.
  • Price comparisons with BTC and ETH show similarities in price action, indicating correlation in movement.
  • Future price predictions for Binance Coin (BNB) in 2026, 2027, and up to 2030 suggest a bullish trend with potential price targets.
  • Market status of BNB in terms of price, trading volume, market cap, and circulating supply is provided for reference.
  • Resistance and support levels for BNB in 2025 are estimated, along with analysis of key indicators like RSI, MA, and RVOL.
  • The article concludes with FAQs about Binance Coin, ATH, price predictions, and investment advice, highlighting potential growth opportunities for BNB.

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Cryptoticker

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Pengu Clash Launch: What It Means for $TON and $PENGU Token Prices

  • Pengu Clash is a Telegram-native multiplayer game featuring penguin avatars from the Pudgy Penguins NFT collection.
  • The game includes real-time mini-games like curling, football, and darts developed by Igloo Inc. on the TON blockchain.
  • Registration for Pengu Clash involves starting the official bot on Telegram, joining the waitlist, and completing social tasks.
  • The full game launch is set for June 18, 2025, with over 2 million early sign-ups confirmed.
  • TON (Toncoin) powers the TON blockchain and Pengu Clash transactions with a current price of $1.06.
  • $TON short-term outlook is below $1.10, supported by strong on-chain growth, with a 2025 forecast of $1.50–$2.00.
  • $PENGU is the ecosystem token linked to Pudgy Penguins, gaining utility through Pengu Clash with a current price of $0.00982.
  • $PENGU saw a surge in May and is predicted to reach $0.012–$0.015 in the short term and $0.025–$0.05 by the end of 2025.
  • Pengu Clash's success is significant for crypto investors due to its integration of Web2 scale and Web3 mechanics, impacting both $TON and $PENGU tokens.
  • Investors see $TON as a solid mid-to-long term token, while $PENGU is more speculative with potential upside driven by utility and market sentiment.
  • Pengu Clash's full launch on June 18 could serve as a catalyst for both $TON and $PENGU tokens.

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Medium

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The Future Is Playable: A Gaming Console Powered by 3D NFTs (ERC-721 & ERC-1155)

  • The article discusses the concept of a 3D NFT Gaming Console, powered by ERC-721 and ERC-1155 tokens, that revolutionizes gaming by allowing for real ownership and tradability of in-game assets.
  • 3D NFTs are unique digital assets minted on a blockchain, offering interactive and dynamic elements for use in virtual environments.
  • ERC-721 tokens ensure each asset's uniqueness with individual metadata and ownership, while ERC-1155 tokens provide a more efficient way to manage both fungible and non-fungible tokens.
  • The Nexus One gaming console integrates features like a 3D NFT engine, integrated wallet, NFT marketplace hub, cross-game asset use, and modular blockchain support.
  • Developers are offered tools like an open-source SDK, smart contract templates, and monetization models to create and manage in-game assets.
  • The console enables tokenized economies, play-to-own mechanics, marketplace integration, anti-cheat measures, and custody control through blockchain technology.
  • It also introduces features like physical-to-digital bridges, merch-as-NFT, DAO-powered game worlds, and a creator-first ecosystem, emphasizing ownership, creativity, and decentralized governance in gaming.
  • Nexus One aims to redefine value in virtual spaces, promote interoperability, ownership, and creativity as currency, allowing gamers to truly own, create, trade, and engage in gaming ecosystems.
  • The article envisions a future where achievements are truly owned by players, unlocking a new era of gaming where every in-game asset becomes a real-world digital asset.
  • The 3D NFT-powered gaming console signifies a shift towards player ownership, creator empowerment, and a stakeholder-driven gaming experience within an open metaverse.
  • It encourages a vision where gaming transcends traditional boundaries, becoming a gateway to a collaborative, immersive, and user-first gaming environment.

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TheNewsCrypto

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Binance Aids Philippines in Busting $3.75M Crypto Ransom Scheme

  • Binance assisted Philippine law enforcement in dismantling a $3.75 million crypto ransom scheme.
  • The collaboration allowed investigators to identify suspects and track illegal fund flows on the blockchain.
  • The involvement of private junket operators complicated tracking transactions for the Anti-Cybercrime Group of the Philippine National Police.
  • Binance disabled associated assets, disrupting the money laundering operation.
  • The crypto exchange prevented over $3.5 million in US dollars related to the scheme.
  • An individual named Lin was arrested in the US for various criminal activities.
  • Binance's efforts have also assisted in uncovering cybercriminal networks in Thailand and Malaysia.
  • Crypto currencies present challenges to global law enforcement, despite blockchain transparency aiding in identifying illicit finance.
  • Bitcoin fell below $104K amidst tensions between Iran and Israel.

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Crypto-News-Flash

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Pudgy Penguins Now Join Forces with NASCAR in Major Collab

  • Pudgy Penguins have partnered with NASCAR to expand beyond NFTs into mainstream culture.
  • The collaboration aims to link digital collectibles with real-world experiences like travel rewards and gaming.
  • Pudgy Penguins, known initially in Web3 circles, are now entering the world of motorsport through NASCAR.
  • The partnership with NASCAR hints at a move from digital to physical realms, following previous ventures like toys and games at major retailers.
  • Pudgy Penguins recently released a Telegram game and plan to integrate their characters into the Web3 game My Neighbor Alice.
  • The ecosystem of Pudgy Penguins is expanding to offer real-life benefits, allowing users to accumulate airline miles through purchases.
  • In collaboration with NASCAR, Pudgy Penguins characters will be integrated into the game My Neighbor Alice's virtual world, 'Pudgy Land.'
  • Pudgy Penguins have also ventured into children's literature by collaborating with Random House Children’s Books on a storybook.
  • Their expansion is not just limited to entertainment as Pudgy Penguins aim to educate through engaging characters and positive messages.
  • PENGU token's trading value is around $0.009744, showing a 4.19% increase over the last 24 hours, with a daily trading volume of about $113 million.

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Massivelyop

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Not So Massively: Immortal Gates of Pyre’s latest demo adds new immortal and more PvE content

  • The latest demo of Immortal: Gates of Pyre, a StarCraft II inspired RTS, introduced new content and transitioned from alpha to beta labeling.
  • The new immortal, Atzlan, brings a defensive spin to the Aru Root Witches faction by spreading the root way across the map.
  • Atzlan's abilities include healing nearby units, creating a root wall, and summoning a powerful worm for attacks.
  • Unique units like the Resinant add depth to Atzlan's gameplay with long-range attacks and strategic deployment options.
  • The demo also features a new PvE map with randomized elements, providing a fresh experience for players to explore.
  • Minor enhancements include clearer objective structures and receiving random units at the start of PvE maps.
  • The addition of AI for skirmish play allows players to practice 1v1 or 2v2 matches, although improvements are needed.
  • Immortal: Gates of Pyre's development seems promising with consistent content updates, enhancing the RTS gaming experience.
  • The game's unique gameplay mechanics showcase the developers' expertise in making RTS games engaging and fun.
  • Not So Massively explores the evolving landscape of online gaming, focusing on multiplayer titles beyond traditional MMORPGs.
  • Eligible for Web Story

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TronWeekly

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Binance Launches Full Services in Syria As EU and U.S Lift Sanctions

  • Binance has launched full crypto trading services in Syria after the US and EU lifted sanctions on the country.
  • Syrian citizens can now use the Binance platform for spot, futures, and P2P trading upon completing KYC verification.
  • The Syrian pound can be used directly for purchasing and selling digital assets on Binance.
  • Binance removed Syria from its restricted jurisdiction list post the lifting of sanctions by the US and EU.
  • The platform offers access to over 300 cryptocurrencies and allows Syrian users to engage in legal transactions with digital assets.
  • Syrians can create accounts on Binance, leveraging services like Binance Pay for remittances and transfers.
  • Syria is rebuilding its infrastructure post the civil war and aims to improve financial services and internet access.
  • High inflation and currency collapse in Syria have made cryptocurrencies an attractive alternative, leading to increased demand for secure and regulated services like Binance.
  • Binance plans to provide Arabic educational resources to facilitate understanding of crypto tools in underserved areas like Syria.
  • The launch of Binance in Syria may prompt other exchanges to reconsider their access policies in restricted regions, signaling a shift in global crypto adoption.
  • This move by Binance could pave the way for broader implementation of digital assets in economically vulnerable areas and demonstrate the significance of crypto in such regions.
  • Access to DeFi products, passive income initiatives, and staking solutions from Binance offers new financial opportunities for individuals and local entrepreneurs in Syria.
  • Syria's entry into the digital economy through Binance marks a significant step in the company's expansion across the MENA region.

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Gritdaily

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Matteo Ferretti Reveals the Key to NFT Market Growth

  • The NFT market faces a transitional period with a shift towards a more structured approach post 2021's peak frenzy.
  • Matteo Ferretti, CEO of Spynn, sees the recent downturn as a necessary pause before a new phase of growth.
  • Ferretti highlights the significance of the SEA token launch by OpenSea in restructuring the NFT landscape.
  • Understanding human psychology, particularly the commitment principle, is key to successful NFT projects according to Ferretti.
  • Successful NFT projects create emotional investments beyond financial gains, fostering identity and belonging.
  • Authenticity plays a crucial role in NFT projects, with a need to balance claims of authenticity to avoid appearing disingenuous.
  • Technological advancements, including AI integration, and gaming NFTs are driving utility-driven engagement in the NFT market.
  • Regulatory advancements in North America provide stability for NFT market growth, addressing past concerns over regulatory uncertainties.
  • Effective communication strategies and understanding cultural timing are essential in promoting NFT projects successfully.
  • NFTs are evolving into fundamental infrastructure for digital identity and ownership, integrating technologies like AR and VR for enhanced user experiences.

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TheNewsCrypto

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Solsniper Closes NFT Services After 3.5 Years on Solana

  • Solsniper, an analytics and trading tool on Solana, is closing its NFT-related products after operating for 3.5 years.
  • The platform shut down NFT-related services, delisted NFTs, eliminated bids, and refunded users' balances.
  • Solsniper will keep rewards leaderboard data for future use and continues other operations like Telegram trading bot, web trading terminal, and AI trading assistant for memecoins.
  • The CEO clarified that while closing NFT-related products, Solsniper is not shutting down completely.
  • The closure of NFT services may lead to a temporary dip in NFT trading volume as users seek alternatives.
  • Bybit and X2Y2, two prominent NFT marketplaces, recently announced closures due to declining NFT interest and trading volume.
  • Bybit suffered a significant loss to North Korean hackers before closing, but the impact on overall NFT market growth was minimal.
  • DappRadar data indicates a 63% decrease in NFT trading volumes since December 2024, suggesting a slowdown in NFT momentum.
  • Crypto Market recently reacted to the Israel-Iran conflict with a 4% drop in BTC.

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