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Happy Monday Folks! Over the weekend, XRP spiked as 1B were released at the beginning of the month; the price of Bitcoin is currently at $26,789.04. The fear and greed index moved higher to 53 and the best performing asset for the past 24 hours is $SOL up 0.20%; in position #9.
‘$31K was not the end’ — 5 things to know in Bitcoin this week (Cointelegraph):
- Weekly close preserves key trend line
- Macro lull comes as traders eye dollar rebound
- Stocks buoy bullish crypto case
- Bitcoin hodlers comfortably in profit
- Largest Bitcoin whales at center of “dichotomy”
JPMorgan (of all organizations) believe Bitcoin retail demand to remain strong ahead of halving event in April of 2024. Willy Woo says Bitcoin (BTC) could be ready to rip in June if signal plays out. Meanwhile, Bitcoin price will get 'another test' of 200-week trend line. Markets Dip Red After SEC Sues Binance and if it can't get back above $26.8K more pain could be ahead.
How to Prepare for the Next Bitcoin Bull Market: 10 Tips You Must Know. El Salvador unleashes "Volcano Energy" with 241 Megawatt planned Bitcoin mining operation. Tether invests in startup that's building a bitcoin mine in El Salvador. Over 400 small businesses in the Philippines are now accepting Bitcoin payments.
Ethereum gas fees cool down after May memecoin frenzy. Solana, polygon, cardano and other tokens are securities, says SEC in Binance lawsuit.
Binance Executive Controlled Bank Accounts Belonging to U.S. Wing in 2019-20. Kraken's new CTO eyes growing role of AI in crypto beyond initial hype. Coinbase shares plummet as SEC sues rival crypto exchange Binance.
US Lawmakers introduce draft bill "Digital Asset Market Structure" that seeks to create functional framework for Crypto regulation. UK Lawmakers call for a dedicated government role to oversee Crypto regulation. XRP community reacts to bill clarifying regulatory classification of digital assets. Hong Kong’s regulatory lead sets it up to be major crypto hub.
New York’s Met Museum Agrees to Return $550K in FTX Donations. Do Kwon out on bail once again after court dismisses prosecution appeal. Crypto influencers are starting to say no to endorsing Crypto projects.
US SEC sues Binance, CEO Zhao for breaking securities rules; Binance says it will 'defend our platform vigorously' from SEC lawsuit - DYdX token spikes. Ripple v. SEC case update as of June 5, 2023; Pro-XRP lawyer John Deaton tips outright SEC victory at "less than 3%." Meanwhile, Pro-XRP attorney John Deaton's phone and Twitter hacked to promote LAW token and Atomic Wallet hack losses top $35M. Scam Alert: 0x works as intended, do not click links in this 'Hack' thread.
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Podcast of the Day: $1.3 Trillion Asset Manager Is Bullish On Bitcoin | Sandy Kaul, Franklin Templeton | TWOAS
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