🔍Fed chief said the agency’s increased attention to the cryptocurrency market
🇺🇸The US Federal Reserve System (Fed) is keeping a close eye on the situation in the cryptocurrency market amid high volatility in digital asset rates, the agency’s chief Jerome Powell said in a report to Congress. In his opinion, cryptocurrencies do not have a strong impact on the country’s macroeconomy, but this area needs the introduction of a clearer regulatory framework.
https://getblock.net/en/news/fed-chief-said-the-agencys-increased-attention-to-the-cryptocurrency-market/
🇺🇸The US Federal Reserve System (Fed) is keeping a close eye on the situation in the cryptocurrency market amid high volatility in digital asset rates, the agency’s chief Jerome Powell said in a report to Congress. In his opinion, cryptocurrencies do not have a strong impact on the country’s macroeconomy, but this area needs the introduction of a clearer regulatory framework.
https://getblock.net/en/news/fed-chief-said-the-agencys-increased-attention-to-the-cryptocurrency-market/
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Bitcoin
Today, bitcoin may approach the $21 500 mark, where the first important resistance is located. With its breakdown, there is a prospect for growth to $23 000. In case of a rebound from the resistance level, the bitcoin price will go back to support around $20 000, which is the lower edge of the wedge.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-24062022
#BTC #Analytics
Today, bitcoin may approach the $21 500 mark, where the first important resistance is located. With its breakdown, there is a prospect for growth to $23 000. In case of a rebound from the resistance level, the bitcoin price will go back to support around $20 000, which is the lower edge of the wedge.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-24062022
#BTC #Analytics
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🤝Cardano Foundation announced partnership with the Linux Foundation
📢The Cardano Foundation, a non-profit organization created to support the Cardano blockchain, announced that it has joined as a gold member The Linux Foundation, an NPO that promotes Linux operating systems by providing resources and services to open source software developers. Dirk Hohndel, head of the Cardano Foundation, spoke at the Open Source Summit in Austin, where he discussed the prospects for collaboration on open-source development, the company's website says.
https://getblock.net/en/news/cardano-foundation-announced-partnership-with-the-linux-foundation
📢The Cardano Foundation, a non-profit organization created to support the Cardano blockchain, announced that it has joined as a gold member The Linux Foundation, an NPO that promotes Linux operating systems by providing resources and services to open source software developers. Dirk Hohndel, head of the Cardano Foundation, spoke at the Open Source Summit in Austin, where he discussed the prospects for collaboration on open-source development, the company's website says.
https://getblock.net/en/news/cardano-foundation-announced-partnership-with-the-linux-foundation
📈Santiment analysis: big investors caused the CEL token rate to rise by 933%
🔍Analyst firm Santiment conducted a study that found that large investors have been actively buying the Celsius native token (CEL) of the DeFi platform for the lending of the Celsius Network. On June 21, its price was up 933%. After Celsius' client funds were frozen, traders had no interest in the token for ten days, while “big shark and whale addresses were accumulating in a big way,” which contributed to the rise in value.
https://getblock.net/en/news/santiment-analysis-big-investors-caused-the-cel-token-rate-to-rise-by-933
🔍Analyst firm Santiment conducted a study that found that large investors have been actively buying the Celsius native token (CEL) of the DeFi platform for the lending of the Celsius Network. On June 21, its price was up 933%. After Celsius' client funds were frozen, traders had no interest in the token for ten days, while “big shark and whale addresses were accumulating in a big way,” which contributed to the rise in value.
https://getblock.net/en/news/santiment-analysis-big-investors-caused-the-cel-token-rate-to-rise-by-933
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🏒NHL to launch NFT marketplace based on the Sweet platform
✍️The National Hockey League (NHL) has partnered with the NHL Players’ Association and the NHL Alumni Association to partner with NFT platform Sweet to create a marketplace and collections of non-fungible tokens. According to Dave Lehanski, the NHL's executive vice president of business development and innovation, the project will be in “between a full-fledged NFT trading platform and a site that offers a limited-time NFT drops.” The marketplace is expected to launch by the start of the 2022-2023 season.
https://getblock.net/en/news/nhl-to-launch-nft-marketplace-based-on-the-sweet-platform/
✍️The National Hockey League (NHL) has partnered with the NHL Players’ Association and the NHL Alumni Association to partner with NFT platform Sweet to create a marketplace and collections of non-fungible tokens. According to Dave Lehanski, the NHL's executive vice president of business development and innovation, the project will be in “between a full-fledged NFT trading platform and a site that offers a limited-time NFT drops.” The marketplace is expected to launch by the start of the 2022-2023 season.
https://getblock.net/en/news/nhl-to-launch-nft-marketplace-based-on-the-sweet-platform/
💡When bitcoin will return to bullish growth phase. Analyst Benjamin Cowen’s view
🤔To determine if an asset is overbought or oversold, the expert used the MVRV Z-score metric
https://getblock.net/en/news/when-bitcoin-will-return-to-bullish-growth-phase-analyst-benjamin-cowens-view/
🤔To determine if an asset is overbought or oversold, the expert used the MVRV Z-score metric
https://getblock.net/en/news/when-bitcoin-will-return-to-bullish-growth-phase-analyst-benjamin-cowens-view/
❄️Celsius’ funds freezing triggered boom in hardware crypto wallet sales
📈Ian Rogers, Ledger’s chief experience officer, reported that the company’s hardware wallet sales have increased 4,5 times since June 13. According to him, the boom was driven by news of Celsius, a DeFi platform for lending and staking cryptocurrencies, which froze customers’ accounts last Monday, citing “extreme market conditions.” Rogers added that the increase in demand for hardware wallets correlates with the outflow of money from crypto exchanges, with Ledger’s revenue in the current quarter roughly equal to its full-year 2020 revenue, Blockworks reports.
https://getblock.net/en/news/celsius-funds-freezing-triggered-boom-in-hardware-crypto-wallet-sales
📈Ian Rogers, Ledger’s chief experience officer, reported that the company’s hardware wallet sales have increased 4,5 times since June 13. According to him, the boom was driven by news of Celsius, a DeFi platform for lending and staking cryptocurrencies, which froze customers’ accounts last Monday, citing “extreme market conditions.” Rogers added that the increase in demand for hardware wallets correlates with the outflow of money from crypto exchanges, with Ledger’s revenue in the current quarter roughly equal to its full-year 2020 revenue, Blockworks reports.
https://getblock.net/en/news/celsius-funds-freezing-triggered-boom-in-hardware-crypto-wallet-sales
💰Hackers withdrew $100 million in cryptocurrency from the Horizon cross-chain on the Harmony network
💻On the morning of June 24, the Horizon cross-chain protocol on the Harmony network was hacked, causing hackers to withdraw around $100 million in cryptocurrency. Horizon has now been suspended and the company itself is already working with the US law enforcement agencies to investigate what happened. Which vulnerability was exploited by the hackers has not yet been reported.
https://getblock.net/en/news/hackers-withdrew-100-million-in-cryptocurrency-from-the-horizon-cross-chain-on-the-harmony-network
💻On the morning of June 24, the Horizon cross-chain protocol on the Harmony network was hacked, causing hackers to withdraw around $100 million in cryptocurrency. Horizon has now been suspended and the company itself is already working with the US law enforcement agencies to investigate what happened. Which vulnerability was exploited by the hackers has not yet been reported.
https://getblock.net/en/news/hackers-withdrew-100-million-in-cryptocurrency-from-the-horizon-cross-chain-on-the-harmony-network
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📝SEC to team up with other agencies to develop crypto regulation rules
☝️US Securities and Exchange Commission (SEC) Chair Gary Gensler has invited other financial agencies to join forces to develop comprehensive rules for regulating the field of digital assets. He said he is working on a “memorandum of understanding” with the Commodity Futures Trading Commission (CFTC), the Financial Times reports. The SEC plans to share information on registered tokens and other digital assets with “allied” regulators.
https://getblock.net/en/news/sec-to-team-up-with-other-agencies-to-develop-crypto-regulation-rules
☝️US Securities and Exchange Commission (SEC) Chair Gary Gensler has invited other financial agencies to join forces to develop comprehensive rules for regulating the field of digital assets. He said he is working on a “memorandum of understanding” with the Commodity Futures Trading Commission (CFTC), the Financial Times reports. The SEC plans to share information on registered tokens and other digital assets with “allied” regulators.
https://getblock.net/en/news/sec-to-team-up-with-other-agencies-to-develop-crypto-regulation-rules
🚫Crypto exchange CoinFLEX suspended withdrawals due to market collapse
📢Cryptocurrency exchange CoinFLEX has suspended withdrawals from the platform. The company’s representatives argue their decision is “due to extreme market conditions.” The platform’s native token FLEX trading has also been temporarily halted. Withdrawals will resume approximately on June 30, the company noted that the timing may change.
https://getblock.net/en/news/crypto-exchange-coinflex-suspended-withdrawals-due-to-market-collapse
📢Cryptocurrency exchange CoinFLEX has suspended withdrawals from the platform. The company’s representatives argue their decision is “due to extreme market conditions.” The platform’s native token FLEX trading has also been temporarily halted. Withdrawals will resume approximately on June 30, the company noted that the timing may change.
https://getblock.net/en/news/crypto-exchange-coinflex-suspended-withdrawals-due-to-market-collapse
📊Survey: one-third of gold owners see bitcoin as better alternative to precious metal
🤔Paxos conducted a survey among 1000 gold owners from the US, UK, Singapore, and Germany. According to the survey, more than one-third of respondents see bitcoin as a better alternative to precious metal and plan to invest more in the first cryptocurrency. In this, most investors are concerned about rising inflation, so they will continue to buy gold.
https://getblock.net/en/news/survey-one-third-of-gold-owners-see-bitcoin-as-better-alternative-to-precious-metal
🤔Paxos conducted a survey among 1000 gold owners from the US, UK, Singapore, and Germany. According to the survey, more than one-third of respondents see bitcoin as a better alternative to precious metal and plan to invest more in the first cryptocurrency. In this, most investors are concerned about rising inflation, so they will continue to buy gold.
https://getblock.net/en/news/survey-one-third-of-gold-owners-see-bitcoin-as-better-alternative-to-precious-metal
❗️FTX US chief called three factors for crypto market recovery
🗣Brett Harrison revealed which policy moves and infrastructure changes could help the digital assets market revive.
https://getblock.net/en/news/ftx-us-chief-called-three-factors-for-crypto-market-recovery
🗣Brett Harrison revealed which policy moves and infrastructure changes could help the digital assets market revive.
https://getblock.net/en/news/ftx-us-chief-called-three-factors-for-crypto-market-recovery
⏰Binance CEO called timeline for the bitcoin rate to return to all-time high
💰Changpeng Zhao, CEO of the cryptocurrency exchange Binance, believes that the price of bitcoin will be able to return to its all-time high (ATH). In his opinion, the first cryptocurrency will need “a few months or a couple of years,” to recover to a record high of $69 044 recorded on November 10, 2021. He said this to The Guardian.
https://getblock.net/en/news/binance-ceo-called-timeline-for-the-bitcoin-rate-to-return-to-all-time-high
💰Changpeng Zhao, CEO of the cryptocurrency exchange Binance, believes that the price of bitcoin will be able to return to its all-time high (ATH). In his opinion, the first cryptocurrency will need “a few months or a couple of years,” to recover to a record high of $69 044 recorded on November 10, 2021. He said this to The Guardian.
https://getblock.net/en/news/binance-ceo-called-timeline-for-the-bitcoin-rate-to-return-to-all-time-high
💥Cryptocurrency price dynamics 25.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ The biggest gain overnight was shown by Shiba Inu: +11.9%.
🟢 BTC - $ 21,211.50 (+1.4%)
🟢 ETH - $ 1,218.43 (+6.7%)
🟢 BNB - $ 238.66 (+3.5%)
🟢 XRP - $ 0.368707 (+1.1%)
🟢 ADA - $ 0.499266 (+2.5%)
🟢 SOL - $ 41.23 (+8.0%)
🟢 DOT - $ 8.14 (+3.7%)
🟢 DOGE - $ 0.067303 (+4.1%)
🟢 SHIB - $ 0.00001144 (+11.9%)
🟢 TRX - $ 0.065262 (+2.1%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ The biggest gain overnight was shown by Shiba Inu: +11.9%.
🟢 BTC - $ 21,211.50 (+1.4%)
🟢 ETH - $ 1,218.43 (+6.7%)
🟢 BNB - $ 238.66 (+3.5%)
🟢 XRP - $ 0.368707 (+1.1%)
🟢 ADA - $ 0.499266 (+2.5%)
🟢 SOL - $ 41.23 (+8.0%)
🟢 DOT - $ 8.14 (+3.7%)
🟢 DOGE - $ 0.067303 (+4.1%)
🟢 SHIB - $ 0.00001144 (+11.9%)
🟢 TRX - $ 0.065262 (+2.1%)
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📊Which altcoins accumulate whales during market downturn. 3 coins by Santiment analysts
🔍Experts at analytics firm Santiment have identified three altcoins that institutional investors are actively accumulating during the fall of the cryptocurrency market. The most promising assets to accumulate, according to large holders, are Aave (AAVE), The Sandbox (SAND), and Loopring (LRC).
https://getblock.net/en/news/which-altcoins-accumulate-whales-during-market-downturn-3-coins-by-santiment-analysts
🔍Experts at analytics firm Santiment have identified three altcoins that institutional investors are actively accumulating during the fall of the cryptocurrency market. The most promising assets to accumulate, according to large holders, are Aave (AAVE), The Sandbox (SAND), and Loopring (LRC).
https://getblock.net/en/news/which-altcoins-accumulate-whales-during-market-downturn-3-coins-by-santiment-analysts
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💻Ronin team revealed details of the sidechain restart
🗣The developers of the Ronin Network sidechain, used by the Axis Infinity blockchain game, said that the bridge is scheduled to resume operation on June 28. Initially, the restart was prepared for June 23, but the team was forced to postpone it. According to the representatives of the project, all users affected by the exploit will be reimbursed.
https://getblock.net/en/news/ronin-team-revealed-details-of-the-sidechain-restart
🗣The developers of the Ronin Network sidechain, used by the Axis Infinity blockchain game, said that the bridge is scheduled to resume operation on June 28. Initially, the restart was prepared for June 23, but the team was forced to postpone it. According to the representatives of the project, all users affected by the exploit will be reimbursed.
https://getblock.net/en/news/ronin-team-revealed-details-of-the-sidechain-restart
Bitcoin
On the 15-minute timeframe, an ascending channel can be seen. Within this channel, the bitcoin price can reach $22 000. If it leaves the channel downward, the value of the cryptocurrency will start to decline to support around $19 500-20 000.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-25062022
#BTC #Analytics
On the 15-minute timeframe, an ascending channel can be seen. Within this channel, the bitcoin price can reach $22 000. If it leaves the channel downward, the value of the cryptocurrency will start to decline to support around $19 500-20 000.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-25062022
#BTC #Analytics
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✅Solana developers unveiled Web 3.0-focused smartphone
📲Solana Mobile, a subsidiary of Solana Labs, has unveiled Saga, an Android-based smartphone. The device’s functionality is tightly integrated with the Solana blockchain, which will enable secure to transact in Web 3.0 and manage digital assets such as cryptocurrencies and NFTs. Saga is already available for pre-order. According to a statement on the company’s blog, the smartphone will go on sale in early 2023 at a price of $1000.
https://getblock.net/en/news/solana-developers-unveiled-web-30-focused-smartphone
📲Solana Mobile, a subsidiary of Solana Labs, has unveiled Saga, an Android-based smartphone. The device’s functionality is tightly integrated with the Solana blockchain, which will enable secure to transact in Web 3.0 and manage digital assets such as cryptocurrencies and NFTs. Saga is already available for pre-order. According to a statement on the company’s blog, the smartphone will go on sale in early 2023 at a price of $1000.
https://getblock.net/en/news/solana-developers-unveiled-web-30-focused-smartphone
❌Australia’s government refused to tax cryptocurrencies
🇦🇺The Australian government has officially confirmed that cryptocurrencies will not be subject to the tax procedures applicable to foreign currency transactions. Treasurer Jim Chalmers said that the government is seeking to legitimize existing tax arrangements. According to him, crypto assets will no longer be classified as foreign money and will not be taxed, News.com reported.
https://getblock.net/en/news/australias-government-refused-to-tax-cryptocurrencies
🇦🇺The Australian government has officially confirmed that cryptocurrencies will not be subject to the tax procedures applicable to foreign currency transactions. Treasurer Jim Chalmers said that the government is seeking to legitimize existing tax arrangements. According to him, crypto assets will no longer be classified as foreign money and will not be taxed, News.com reported.
https://getblock.net/en/news/australias-government-refused-to-tax-cryptocurrencies
📉Whales massively sell three altcoins. Top 3 dangerous tokens by Santiment
📊Analysts at Santiment have identified three altcoins that large holders are actively selling during the cryptocurrency market downturn. Cardano (ADA), Yearn finance (YFI), and Dogecoin (DOGE) have become dangerous coins, judging by the actions of institutional investors’ wallets.
https://getblock.net/en/news/whales-massively-sell-three-altcoins-top-3-dangerous-tokens-by-santiment/
📊Analysts at Santiment have identified three altcoins that large holders are actively selling during the cryptocurrency market downturn. Cardano (ADA), Yearn finance (YFI), and Dogecoin (DOGE) have become dangerous coins, judging by the actions of institutional investors’ wallets.
https://getblock.net/en/news/whales-massively-sell-three-altcoins-top-3-dangerous-tokens-by-santiment/
⚠️Bloomberg analysts: miners cannot repay loans worth $4 billion
⛏Some mining companies have started to struggle to repay loans totaling around $4 billion. This could create a potential risk for large crypto lenders, Bloomberg reports. The reason, according to analysts, was a prolonged downturn in the bitcoin rate. The number of loans at risk of non-payment is growing, as the value of many cryptocurrency mining rigs accepted by lenders as collateral has halved.
https://getblock.net/en/news/bloomberg-analysts-miners-cannot-repay-loans-worth-4-billion
⛏Some mining companies have started to struggle to repay loans totaling around $4 billion. This could create a potential risk for large crypto lenders, Bloomberg reports. The reason, according to analysts, was a prolonged downturn in the bitcoin rate. The number of loans at risk of non-payment is growing, as the value of many cryptocurrency mining rigs accepted by lenders as collateral has halved.
https://getblock.net/en/news/bloomberg-analysts-miners-cannot-repay-loans-worth-4-billion