Cryptocurrency

Now, the value of Bitcoin held in it has skyrocketed by almost 8,000%, making its owner a millionaire. This was the fourth dormant BTC wallet that had awakened over the past week.While this wallet bought these coins back in 2013 and 2014 at an average price of $731 and back then this crypto was worth $737,000, by now, it has staged a whopping 7,634% price increase and is valued at a staggering $56,924,352.Chinese cryptocurrency journalist and blogger Colin Wu has reported that this dormant whale has transferred all his crypto to a new wallet by now. Earlier this week, three other dormant wallets came back to life holding a lot of Bitcoin — $1.14 million, $2.6 million, $6.9 million in the Bitcoin equivalent.The price increase took place despite the U.S. and German governments continuing to dump massive chunks of Bitcoin on the market, and they have now been joined by Mt. Gox. The early and non-functional for the past 10 years crypto exchange has finally started paying the Bitcoin and Bitcoin Cash it owns to its investors and traders.Still, a positive non-farm payroll report came out for June on Friday, showing a rise in employment, and this allowed Bitcoin to regain some of its recent losses.This article was originally published on U.Today More

This happened while the global flagship cryptocurrency staged a 4.89% recovery over the last 24 hours, pushing away from the $53,900 zone it hit on Friday.On Friday, digital gold began to reverse, at least for now, and printed a nearly 5% increase, rising from $53,900 to the $56,550 level, where it is changing hands at the time of this writing.The price increase happened as the U.S. released the June non-farm payrolls report, which came out with figures better than expected by analysts initially — 206,000 versus 190,000 expected.The U.S., the German governments and the defunct Mt Gox crypto exchange began transferring Bitcoin on June 19. Cumulatively, they have moved $1.08 billion in Bitcoin, which is 17,778 BTC. Since July 1, the German government has been selling Bitcoin every day, according to the Lookonchain smart wallet tracker. Now, these entities together hold a whopping 396,210 BTC evaluated roughly at $22.78 billion. The U.S. government holds 213,297 BTC (evaluated at $11.72 billion), Germany still owns 41,226 BTC (worth $2.28 billion), while Mt Gox so far holds 141,687 BTC, which equals $7.78 billion.Mt Gox has started repaying Bitcoin and Bitcoin Cash to the investors who suffered from its hack in 2014.The Bitcoin held by the governments was mainly confiscated from illegal operations and money laundering. The U.S. government also still holds Bitcoin seized during the shutdown of the Darknet marketplace Silk Road founded and ran by Ross Ulbricht more than 10 years ago until it was shut down in 2013.This article was originally published on U.Today More

DogeLend, a newly launched ERC20 token, aims to capture the viral appeal of Dogecoin while offering a unique twist. This press release provides news on DogeLend’s concept, market positioning, and strategic plans.The Rise of Dogecoin and Meme CoinsDogecoin, originally created by Billy Markus and Jackson Palmer as a satirical response to cryptocurrency hype, evolved into a significant cultural phenomenon. Its unexpected rise in value has highlighted the potential of meme coins. However, with Dogecoin’s price fluctuations, the market has been seeking fresh opportunities, leading to the emergence of DogeLend.What Is DogeLend?DogeLend is an ERC20 token inspired by Dogecoin’s success. It aims to tap into the same viral energy while introducing innovative features. The token is currently in its presale phase, generating notable activity in the cryptocurrency community.DogeLend’s Distinctive FeaturesThe total supply of DogeLend is 250 billion tokens, divided as follows:Future Plans and Market StrategyPresale Participation: The DogeLend presale is currently live, offering a chance for early involvement at a low initial market cap.Staying Informed: Participants are encouraged to follow DogeLend’s official channels for updates on ongoing developments.ConclusionDogeLend presents a new development in the cryptocurrency market, with a strategic and innovative approach. The DogeLend team believes that those seeking to explore the potential of meme coins may find DogeLend a noteworthy option.About DogeLendDogeLend is an innovative ERC20 token that seeks to build on the legacy of Dogecoin. With a strategic focus on capturing the viral appeal and community-driven nature of meme coins, DogeLend offers an opportunity through its well-structured token distribution and future product developments. Engaging in strategic marketing and leveraging the nostalgia associated with Dogecoin, DogeLend aims to create a sustainable and dynamic presence in the cryptocurrency market. More

Bitcoin’s first significant support level is likely to be between $52,000 and $50,000. Because of the psychological effect of the round number, this range is important. Furthermore, historical evidence indicates that this range has previously functioned as both resistance and support, making it crucial for a possible reversal.Examining the weekly chart, we can see that the $47,000 level is critical. This level is in line with the weekly 200 EMA and relates to a prior consolidation phase. According to many, the 200 EMA is a long-term support level, and a bounce from this mark might give Bitcoin the momentum it needs to start rising again. If Bitcoin falls from this level, it may signal a more significant correction. In the $42,000–$40,000 range is the next noteworthy support zone. Historically, this region has served as a solid support level and the base of significant corrections. Its significance is increased by the fact that the 200 EMA on the daily chart also resides in this range. Maintaining this level might stop more sizable drops and even pave the way for a rebound.There are several reasons for the sudden drop in Toncoin’s value. First, a number of cryptocurrencies have seen large sell-offs as a result of the general bearish sentiment on the market. The market has been affected negatively, including Toncoin, as a result of Bitcoin’s recent decline below crucial support levels. The price of TON has crossed above the 50 EMA and is presently circling around the 100 EMA, according to an analysis of the technical indicators. Although there have been strong support levels at this level in the past, there are worries that they may not hold this time due to the severity of the recent sell-off. Additionally, there has been a noticeable decline in the Relative Strength Index (RSI), suggesting that Toncoin is approaching the oversold region. Prices may continue to decline despite the possibility of a brief uptick due to the general bearish momentum. Particularly considering the general pessimism on the market, Solana’s recent performance is impressive. Solana has managed to gain 8% during the substantial declines of major assets such as Ethereum and Bitcoin. This suggests that there may be underlying bullish factors and that investor confidence is strong. Observing the daily chart, Solana is now targeting the 100 EMA after breaking above its 50 EMA, a crucial resistance level. This upward trend is especially noteworthy because it stands in stark contrast to Ethereum’s downward trajectory. Additionally, there appears to be more buying pressure and momentum supporting Solana’s price action, as indicated by the rising Relative Strength Index (RSI). However, it is important to keep in mind that Solana is still losing value against the U.S. dollar.This article was originally published on U.Today More

ApeBond is thrilled to announce the significant expansion of its DeFi Bonds platform to the Base blockchain. This integration marks the eighth Bonds blockchain expansion since the team began their Bonds journey, representing a crucial milestone in their mission to amplify their reach and provide sustainable, innovative DeFi solutions globally. Set to launch on July 2nd at 17:00 UTC, this event will include several key partners on the Base network.ApeBond x Aerodrome: Key to Treasury Diversification and GrowthApeBond role is essential for helping projects diversify their treasuries and achieve remarkable growth. Aerodrome, Base’s largest DEX, helps teams manage POL and put their treasury’s to work. ApeBond’s expertise in treasury management enables projects to strategically grow and allocate resources across various assets, reducing risk and enhancing stability. This diversification not only safeguards financial health but also empowers projects to invest in innovation and expansion, while users are able to enjoy a more favorable trading environment with less slippage. The team creates a robust DeFi ecosystem where projects can thrive and reach new heights.Introducing Launch Partners on BaseThe introduction of Base Bonds underscores the team’s commitment to advancing decentralized finance. Base is renowned for its strong, developer-friendly environment, offering a fertile ground for DeFi innovation. By incorporating Base’s technology, ApeBond aims to enhance the scalability, efficiency, and accessibility of their Bonds platform. This expansion is bolstered by an impressive array of partners, each contributing their unique expertise and vision to the Bonds ecosystem. Here are some of the pioneering projects joining in this exciting venture:Farcaster CampaignCoinciding with our Base expansion, ApeBond are launching an extensive campaign on Farcaster. Known for its decentralized social networking protocol, Farcaster aligns with the team’s vision of building a dynamic and interactive DeFi community. The campaign will focus on engaging the Farcaster community, sharing updates, and gathering valuable feedback to refine offerings.Moreover, ApeBond is dedicated to building on Farcaster, utilizing its capabilities to strengthen connections and foster collaborations within the DeFi space. This initiative underscores the commitment to exploring innovative platforms and expanding the presence within the decentralized ecosystem.Charting the Future of BondsThe launch of Base Bonds signifies a crucial step in the mission to promote sustainable decentralized finance. With a total bonded value surpassing $14 million, ApeBond invites the Base community and their launch partners to explore the extensive possibilities the Bonds platform offers. The team’s commitment to expanding their network with top-tier partners remains steadfast, continuously enhancing the ecosystem.About ApeBondApeBond is a decentralized finance platform offering a full suite of tools to explore and engage with the future of wealth building. With products ranging from a decentralized exchange, a bonding protocol, and a Liquidity Health Dashboard, ApeBond empowers users to access DeFi in a secure, transparent, and globally accessible way.ContactDirectorPah MApeBondpah.monkey@apeswap.financeThis article was originally published on Chainwire More

In a tweet that has caught the attention of the crypto community, Saylor stated: “1 BTC to 1 BTC,” reiterating a fundamental belief in Bitcoin’s enduring value despite market fluctuations.Bitcoin has seen its price fall below the $56,000 mark, continuing a decline that has now extended into its fourth consecutive day. This decline is part of a larger trend that has seen Bitcoin plummet, with over $800 million in bullish crypto bets liquidated throughout the crypto market in one of the heaviest such liquidations since April, according to CoinGlass statistics.By equating one Bitcoin to one Bitcoin, Saylor is emphasizing the idea that, regardless of its dollar valuation at any given moment, the intrinsic value of Bitcoin remains unchanged.Bitcoin is currently down around 25% from its March peak, as speculation about U.S. exchange-traded funds investing directly in the token gives way to concerns about higher-for-longer interest rates.The lead cryptocurrency reached an all-time high of $73,798 in March, aided by unexpectedly robust demand for U.S. ETFs. The inflows have subsequently subsided, sending Bitcoin lower and putting a cloud over the rest of the digital asset market.Speculators are already scoring the Bitcoin charts to see if closely watched technical levels hold or drop. The cryptocurrency has lost its daily SMA 200 at $57,715, and now attention is shifting to the next significant demand zone.According to crypto analyst Ali, the next key demand wall for Bitcoin is around $47,000, and for the bull run to resume, BTC must close and remain above $61,000.This article was originally published on U.Today More

Large liquidations like these not only depress prices but also trigger investor panic, exacerbating the sell-off and leading to even more liquidations. The current market situation appears grim, with experts predicting a slower recovery compared to the past.In the midst of this mess, a jaw-dropping transfer has raised eyebrows, as a transaction involving 11,302 BTC, equivalent to $624 million, was detected moving between unknown wallets. This large-scale transfer has added to the unease among investors, already jittery from the market’s wild ride.The timing of this transfer also coincided with the FUD surrounding large-scale sales by entities such as Mt. Gox paybacks and the German and U.S. governments. The movement of such a substantial amount of Bitcoin in this climate has only fueled speculation about the intentions behind the transfer and its potential impact on market stability.However, in a surprising twist, Arkham has identified these wallets as belonging to BitMEX, one of the leading and oldest crypto exchanges.As the market navigates such a chaotic timeline, the actions of major players and the perception of investors will be critical in determining the trajectory of cryptocurrency prices in the near future.This article was originally published on U.Today More

On July 5, 2024, Mt. Gox, which has been under scrutiny since its collapse in 2014, made a significant transfer of 47,229 BTC, valued at $2.71 billion, according to Arkham Intelligence. This transfer included subsequent movements to and from various wallets, causing fear and uncertainty in the community.In response to these events, Mark Karpeles, the former CEO of Mt. Gox, expressed relief that customers were finally receiving their Bitcoin after more than a decade of uncertainty. Karpeles, known for overseeing the infamous exchange during its rise and fall, faced legal challenges after the exchange collapsed in 2014, resulting in the loss of over 850,000 BTC, including customer funds.The news triggered significant market reactions, with the price of BTC falling below $54,000 and Ethereum surpassing $2,900. Many attributed the market downturn to expectations of increased selling pressure from the influx of cryptocurrency being distributed by Mt. Gox.Arkham Intelligence also revealed that an additional 1,545 BTC, valued at nearly $85 million, was withdrawn from this wallet to a Bitbank account, a platform chosen by Mt. Gox management for payments. This development coincided with earlier announcements that the exchange would begin refunding users in Bitcoin and Bitcoin Cash (BCH) in July 2024.This article was originally published on U.Today More