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Upcoming $177M token unlocks on July 7 could lead to price drops for $APT, $XAI, $IMX, $ENA, $IO, and $HFT. Notable releases include 198.40M $XAI (71.59% of supply) and 11.31M $APT (2.49% of supply). Increased supply historically triggers volatility. #Crypto #Update
#Update: $SHIB surged 10% after 360M SHIB were burnt this week, increasing the burn rate by 418%. The total supply is now 589.27T SHIB. Prices rose 15.30% to $0.00001539, and futures open interest grew 8.45% to $34.53M. RSI around 30 indicates downside pressure.
Celsius Network is suing users who withdrew funds before its bankruptcy, using clawback provisions to target “fake profits.” Ripple CTO David Schwartz says principal is usually safe unless insider info is involved. Users face severe financial and emotional impacts. This could set a major crypto industry precedent. #CryptoNews
Bitcoin whales, holding over 10K $BTC, have increased their holdings to a six-year high, adding 212,450 BTC in six weeks. Smaller whales, holding over 10 BTC, also hit an all-time high at 16.17M BTC. This accumulation signals strong confidence in Bitcoin’s future. #Update #Bitcoin
The U.S. House will vote next week on overturning President Biden’s veto of SAB 121, which requires firms holding crypto assets to list them as liabilities. The resolution has bipartisan support but needs 290 votes. Outcome will impact digital asset regulation and the crypto industry. #CryptoNews
#Update Nigerian authorities ramp up their legal fight against Binance, accusing it of unlicensed operations. Central Bank officials claim Binance facilitated illegal cryptocurrency transactions and criticized its pseudonymous trading. Compliance exec Tigran Gambaryan’s health issues post-arrest highlight trial’s intensity. Regulatory clarity needed urgently. #CryptoRegulation
Venezuelans sent over $460M in crypto remittances last year, a 75% increase from 2021, now making up 9% of total remittances. With 7M citizens migrating, crypto offers faster, cheaper transactions amid traditional fees up to 7%. #Cryptocurrency #Update
? Bitcoin Selling Pressure Alert: Two whale addresses moved 9,301 BTC to Binance on June 27, causing a price drop. Meanwhile, the German and U.S. governments transferred 547 BTC and 237 BTC, respectively. Within two weeks, whales sold $1.2 billion worth of BTC. #Bitcoin #CryptoNews
Recent actions by Mt. Gox and the German government have caused Bitcoin ($BTC) volatility. Lucy Gazmararian of Token Bay Capital suggests gradual asset selling may prevent a market crash. She predicts a quieter summer but emphasizes potential volatility in the fall. #Bitcoin
Craig Wright, who claims to be Bitcoin’s creator, faces a Worldwide Freezing Order from the UK High Court. Justice Mellor issued the order to prevent Wright from moving assets to avoid paying $1.97M in legal costs to Peter McCormack after a defamation case. #CryptoNews
BitMEX transferred over $800M in Bitcoin across two major transactions, resulting in a daily outflow of 22,000 BTC. This move, amid a volatile market and wallet upgrades, reduces BitMEX’s reserve significantly. Market activity also influenced by German BTC sales and U.S. employment data. #CryptoNews
#Update U.S. job growth slows in June with 206K jobs added vs. 190K expected. Unemployment rises to 4.1%, while average hourly earnings grow by 0.3%. Inflation cools, hinting at potential rate cuts. Bitcoin rebounds to $55,268 as investors anticipate rate cuts. $BTC $BCH #JobMarket #Inflation #Bitcoin
Germany sells another 547 Bitcoins, now holding 41,220 BTC worth $2.27B. Market panic as 30,000 BTC ($1.73B) hit exchanges this week. Lawmaker Joana Cotar warns against sales; Bitcoin advocate Samson Mow notes possible price manipulation. #Bitcoin #Crypto
Renowned XRP whale offloads 71M $XRP to exchanges, impacting price. $XRP dipped to $0.39, with recent 10.15% drop. RSI suggests rebound potential. Pro-XRP lawyer Bill Morgan’s buy offers optimism. Whale activity highlights $XRP’s long-term significance. #Update
