Emotionally Dead ◱ ◱ (@emotionallydead) • Hey

Trader, NFTs, Crypto, Web3, Phi, ◱ ◱

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After breaking the downward trend line, the price of #ARPA still failed to cross the resistance level. The price is now moving between the resistance and support levels. Support $0.04450 and resistance $0.05000 - $0.05060. According to breaking the trend line, there is a possibility of price growth up to the specified resistance. If the price falls from the dynamic support, it will reach the support level.
Galaxy Digital sees up to $7.5 billion flowing into ETH ETFs within first five months Galaxy Digital said exchange-traded funds tracking Ethereum’s native token, could become a multi-billion market opportunity soon after approval. The U.S. Securities and Exchange Commission recently changed course to accelerate the approval of these funds, with some analysts predicting the first ETH ETFs approvals could come in next week. The SEC has yet to approve the crucial S-1 filings needed for the funds to hit the market.
Coinbase sues SEC in ‘reverse UNO’ move on crypto transparency – reports Coinbase has taken a bold step in its ongoing struggle with financial regulators. As Fox Business reported, the company has filed lawsuits against both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) in a Washington, DC district court, seeking access to internal documents related to crypto regulation.
EU crypto sector faces disruption from next week's MiCA rules targeting stablecoin activity: analyst The upcoming Markets in Crypto Assets framework will enforce stringent regulatory requirements for stablecoin activity in the European Union that could adversely impact the bloc's cryptocurrency sector, an analyst said. From next Monday onwards, stablecoin activity in the EU must comply with the new requirements following the partial implementation of MiCA across the entire bloc. Outlier Ventures Head of Research Jasper De Maere said that, because the majority of all stablecoins are USD pegged.
Julian Assange has reached a plea deal with the U.S., allowing him to go free❗️
Bitcoin🪙 miners sold over 30,000 $BTC (~$2bn) in June, marking a record high for the year This is one of the reasons for the recent drop in prices
The price of #PEOPLE easily crossed the support level of $0.09700 - $0.10050. Now, this level has become a resistance. After breaking the support, the price is now retesting that area. If the market trend continues downward in the coming week, the next target, which is the $0.04400 area, can be easily reached. Trend is bearish in the 4-hour time frame, but it's still bullish in the higher time frame. If the price is maintained above $0.07400, the price will be returned to the previous top.
The price of #UNI🦄 reached the previous ceiling and decreased again by 20%. $UNI has good potential and has made significant moves recently. The price has now reached the bottom of the ascending channel, so in addition to the support level indicated in the chart, the bottom of the channel will also be strong support for the price. The price is expected to act as before and rise again to retest the minor resistance area at $11.930. If the price can reach that area again, it will probably break it and move towards the next resistance. If the price drops below the support level, the bullish scenario will be completely violated. Therefore, keeping the price above this level is very important.
As you can see in the chart, the price of #UNFI has fluctuated a lot recently, and whales are pumping and dumping the price . The price moves in a downward channel. The $2.500-$3.000 level is considered a very important demand area and still has the potential to support the price. Recently, a resistance area has been formed in the range of $4.800-$5.900 , and if the price can cross it and stabilize above it, it means that the upward trend has resumed. If the specified support level is violated and the price falls below it, we will wait for prices lower than the price, and the bullish scenario will be invalidated.
#KLAY🚩 price has returned to the demand area from which it was previously pumped by more than 50%. As the price reached the resistance level of $0.2600 - $0.2700, the price started to decline and exactly returned to the area of $0.1600 - $0.1500, this area has already supported the price well. Therefore, the possibility of re-support is very high. If the current level is violated and the price drops below the support level, the situation will become more critical and the possibility of further price reduction and reaching the level of $0.1200 will increase. This level is almost the price floor of this currency.
#COTI has returned to its original support level. A level that if broken, the long-term trend will be downward. In the daily time frame, all these successive declines can be considered corrections of an upward trend so far. But the trend will change if the price drops below the $0.08 level. Therefore, it is very important that the price continues to trade above this level to maintain the uptrend.
#MATIC🟣 has decreased by more than 50% from the price ceiling it recorded in 2024. The price has now reached the demand zone of $0.4930 - $0.5190 and the downtrend remains strong on the daily time frame. Historical data shows that #MATIC tends to return to the top after reaching this strong support level, but according to the current market trend, we cannot expect a quick return for now. If the daily candle closes below the support zone, the bearish scenario will continue and the decline will be deeper
Tether launches token 'supported' by Swiss-stored gold as part of new line of synthetic crypto Tether, the world's biggest supplier of dollar-pegged stablecoins, announced it is unveiling a new category of crypto called "tethered assets." It's kicking off the launch of the line of digital assets by introducing of a new token "supported by real physical gold stored in Switzerland," according to a statement released Monday. The first token Tether is launching, dubbed "Alloy by Tether," is being called aUSDT, the statement said.
The #IOTX price is again moving close to the $0.04400-0.04700 demand zone. The supply level of $0.06600 once again proved to be a strong barrier to price growth.And after reaching that area, the price decreased by more than 25%. It's imperative to monitor the current level closely, as a fall below it could lead to a substantial downward trend
#AXS moved as expected and failed to break the resistance level of $8.700-$8.400. The specified resistance area was not fully consumed and invalidated the bullish scenario. The price left the small ascending channel that was formed in the 4-hour time frame and fell to the support level of $6.500-$6.300. Now, it will need to rebound to continue its ascent to challenge the resistance once again . Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards. A breakdown below the demand area would negate the bullish outlook and potentially lead to extended declines.
After reaching the resistance level of $0.3300-$0.3550 , #GRT started to decrease, and with more than 25% decrease, it has reached the support area of $0.2300 . The price has left the ascending channel . The subsequent critical demand zone at $0.2 is vital to watch because it is known for its strong liquidity and history of catalyzing significant upward movements. Securing a strong rebound is essential to sustain support. Failure to rebound could intensify bearish momentum, worsening market sentiment, and potentially leading to further price declines.
Bitfinex analysts predict Bitcoin’s bull market top could occur around Q4 2024 Analysts at crypto exchange Bitfinex have predicted that the current bitcoin bull market cycle may peak in the fourth quarter of 2024. "Historical data suggest that bitcoin typically reaches its new all-time high (ATH) several months after the halving event. Therefore, we predict the market top could occur around Q4 2024," Bitfinex analysts claimed in a note sent to The Block.
The price of #LINK🔹 finally broke the dynamic support and fell to the support level of $15.10-16.0. If the volume of sells continues to increase and the current level is broken, we will see a significant decrease. If the sellers continue to act strongly, the price will decrease to the main and important support level of $11.830-$12.500 . This level is very important and has already supported the price well several times.
"Bitcoin has accumulated the most physical power, the most computer power, and the most economic power." - Michael Saylor
#STXUSDT is navigating through a falling wedge and moving above the important support and demand areas of null.750-null.900 We anticipate this key support level to hold firm, setting the stage for a bullish reversal that could propel the asset toward upper resistance. However, if #Stacks falters and breaches below the null.750 support, it may signal an extension of the bearish trend, steering the asset toward the next significant demand zone at null.6. This level is known for its vigorous liquidity and history of prompting notable upward trends.
#BOND price is moving near the support level of $ 3.0-$ 2.4, which is a very strong demand level and can cause price jump as before. The price has compressed and corrected enough, and now it is time to start a big rally and grow to the resistance area of $ 6.4.
The price of #AR has reached the supply level of 44.5-49.5 dollars by moving in a very upward channel. The price had already been tried more than 2 times to break the resistance but failed. The upward trend is strong, and it is expected that the price will first fall to the bottom of the channel and then come back stronger and break the resistance level.
After reaching the support level of $ 0.333 - $ 0.310 , the price of #BLUR grew, but the trend is weak. The dynamic resistance has been broken and now the price is moving towards it retest. It is expected that the price will start to growing after the resistance test. We have to wait to see in which direction the market moves, there is no stability in the market now.
#IOTX has recently experienced significant market dynamics, exhibiting a bounce from the support area. The support level of $ 0.044-0.047 is a strong demand level, and after breaking the dynamic resistance, the price has grown by about 20% so far. According to the price history of this currency, a strong rise can be expected from it. The price will easily reach the targets of -$ 0.067 and $ 0.085 .
UK Digital Bank Blocks Clients From Performing Crypto Transactions London-based digital bank Kroo has barred its customers from performing cryptocurrency transactions. The bank attributes this decision to the increased association of crypto with scams. Kroo joins fellow banks Starling Bank and Chase UK in blocking clients from engaging in crypto transactions. According to the bank’s updated terms and conditions, starting from May 30, 2024, Kroo will decline bank transfer requests or card transactions associated with cryptocurrencies.
#LPT price after successfully breaking above the resistance area It grew more than 50% and formed an ascending channel in the 4-hour time frame if LPT fails to bounce during the retesting phase and the support of Channel proves to be weak, it could signal a bearish turn of events. In such a scenario, the ascending Channel pattern would fail, and LPT might resume its downward movement, heading towards the demand area around $ 15- $ 16.75 . Considering the historical price behavior, LPT has previously demonstrated strong bounces when reaching the demand area.
Polkadot celebrates 4 year anniversary with unanimous JAM upgrade approval The Polkadot community celebrated the blockchain’s fourth anniversary by ratifying the highly anticipated Join-Accumulate Machine (JAM) upgrade. The proposal received unanimous support, with backing from over 31 million DOT tokens. JAM is a decentralized hybrid system offering secure and scalable smart contract functionalities by merging features from Ethereum within Polkadot’s framework.
The price of #UNI has grown well in the last 2 weeks. After breaking the resistance of $ 7.900-$ 8.300, the price grew by more than 40%. But it has not yet reached the targets of $ 13.300 and $ 17.000 . Buyers and fans of this currency are increasing, so the specified goals can be easily achieved.🚀 Broader market sentiment and fundamental factors specific to the UNI project can significantly influence price movements.
In contrast to the decrease in the price of many crypto currencies in the last few days, #ChainLink has not only not decreased, but has also grown a bit. After breaking the resistance, the price increased by more than 20% and now it has reached the resistance level of $ 16.8-$ 17.9 . This level is very important and if the price can break it, can continue to grow up to $ 20.
After reaching the support level of $ 2870-$ 3030 , #Ethereum price grew by more than 30% and was able to easily exit the bullish flag. The price started to decrease yesterday following the news of the approval of #Ether ETFs like #Bitcoin ETFs . the days who followed BTC approval price dropped around 17%, probably in this case it could be more. if price of ethereum breaks below yesterday's daily candle low, a move down to $ 2650 should be anticipated. the market would likely consolidate until mid-June.
The price of #ZEN moves in the bottom of its ascending channel in the daily time frame, and in the 4-hour time frame, it was able to break the downward trend line. The price is breaking the resistance level of $ 9.30-$ 9.65. It seems that the bulls are buying, and there is a high probability that the price will rise to its previous ceiling of $ 15.00 and then $ 18.00.🚀🚀🚀
#THETA is moving in a bullish flag in the 4-hour time frame. The price broke the flag pattern. Buyers now move slowly and are not strong. If the market trend is still bullish. The price can easily reach $ 3.800, but in this direction, the resistance of $ 3.370-3.100 must be broken first.
🇭🇰 Hong Kong Police Arrest Crypto Exchange Shop Employees on Suspicion of Fraud Hong Kong police have taken into custody three employees of a currency exchange shop who are suspected of engaging in fraudulent activities. On Wednesday, Hong Kong’s technology crime division apprehended three individuals aged between 31 and 34. The authorities seized 3,000 hell banknotes, a safe, and a note-counting machine from a store in Tsim Sha Tsui. Hell banknotes, used in traditional Chinese rituals as offerings to ancestors or deities, were among the confiscated items.
The USDT.D% 💵 index remains above the 4.55-4.70% zone. One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status. 😀😀 If USDT.D% falls, we can expect the cryptocurrency market to start rising (not all tokens, of course❗️). According to the head and shoulder pattern that is formed in the chart., USDT.D% has successfully completed the correction, and we have to wait for the next falling 😀. We can expect USDT.D% to at least fall to the Support zone(4.72%-4.53%)🔽 .
Bybit faces potential legal action in France for regulatory non-compliance France’s Autorité des Marchés Financiers (AMF) has warned French crypto investors that Bybit is not a registered platform in the country, according to a May 16 notice. According to CoinMarketCap data, Bybit is the third-largest crypto exchange by trading volume. The platform was launched in 2017 and holds over $ 10 billion worth of its users’ assets. Moreover, Bybit has been on the AMF’s blacklist since May 20, 2022, due to its failure to comply with these regulatory standards.
#HIGH The price moves in the bullish channel and has reached the ceiling of the channel. Negative divergence is also observed between the price and the RSI indicator. After breaking the dynamic support, the price can drop to the bottom of the channel.
Stablecoin issuer Circle eyes US move, setting stage for rumored IPO Stablecoin issuer Circle reportedly plans to shift its legal home to the United States from Ireland for undisclosed reasons, Bloomberg reported on May 15. Circle’s decision to shift to the US comes as a surprise, given the advantageous low corporate tax rates it enjoyed in Ireland. Additionally, the move could subject the crypto firm to a heavier tax load and confront it with the challenges of a less favorable regulatory landscape.
Vitalik Buterin drafts EIP-7706, proposing new calldata gas type for Ethereum Ethereum co-founder Vitalik Buterin has proposed a new Ethereum Improvement Proposal, EIP-7706, suggesting a new category of gas for transaction calldata. Ethereum transactions currently involve two main types of gas: one for execution, which covers the computational effort required to process a transaction, and one for storage, which is the cost related to storing data with “blobs.”.
Bitcoin mining firm Bitfarms fires CEO amid $ 27 million damages lawsuit Toronto-based Bitcoin mining firm Bitfarms fired CEO Geoffrey Morphy on Monday, effective immediately, after he filed a lawsuit against the company claiming $ 27 million in damages for breach of contract. Previously President and COO, Morphy was promoted to CEO in December 2022. However, in March this year, Bitfarms announced Morphy would be departing the company upon completing its executive search, though he would continue to lead the mining firm in the interim to ensure a “smooth transition.”
Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain Jenny Johnson, the president and CEO of Franklin Templeton, a financial firm with $ 1.6 trillion in assets under management, recently reiterated her pro-blockchain stance during an interview with Bloomberg anchor David Westland during the 27th Annual Milken Institute Global Conference in California. Among the hot topics discussed by the two, Johnson had plenty to say on tokenization and generative artificial intelligence.
Phishing Group Returns Stolen Crypto Worth $ 66.88M to Victim, Collects Bounty! The phishing group responsible for the theft of 1155 Wrapped Bitcoin (WBTC) has made amends by returning all 22,960 Ethereum (ETH) worth approximately $ 66.88 million to the victim’s address. The phishing incident had initially sent shockwaves through the cryptocurrency community, as hackers managed to infiltrate hundreds of addresses and siphon off substantial sums of digital assets. However, the victim, whose identity remains undisclosed, took swift action and engaged with the perpetrators to negotiate the return of the stolen funds.
EU securities watchdog to review crypto eligibility for UCITS investments The European Securities and Markets Authority (ESMA) has initiated a review of the rules governing crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities) as part of a broader examination of the EU’s financial regulatory framework. The review comes in response to a request from the European Commission (EC) to ensure that UCITS rules keep pace with rapid market developments, including the burgeoning crypto sector.
#Gala is still moving in the descending channel and has not yet broken it. The support level of 0.03200 - 0.03600 is still valid. The downward trend is weak and it is expected that after breaking the channel and retesting it, the price can grow well and reach the first target which is $ 0.07000.
FTX claims rise above 100 cents on the dollar on back of bankruptcy plan FTX claims have risen above 100 cents on the dollar following the estate’s draft recovery plan that estimates the majority of creditors will see a recovery rate of 118%. For instance, crypto bankruptcy site Xclaim shows that FTX claims are now going for between 101% and 112%. “It's absolutely unbelievable,” said Thomas Braziel, a partner at 117 Partners and 507 Capital and an investor in distressed assets. “I mean, Lehman was 141 cents on the dollar, and that took 10 years. This is 142% as the projected high number.
South Korea’s winning party moves toward 💰 bitcoin ETF promise: report South Korea’s left-wing Democratic Party plans to request financial regulators to review the currently banned spot bitcoin exchange-traded funds, according to a South Korean news report. This signifies the party’s next step in its initiative to make spot bitcoin funds locally accessible.
Who wins?
Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January The Grayscale product had been the dominant conventional investment vehicle for those looking to invest in bitcoin (BTC) without directly purchasing the cryptocurrency. But it got competition in January when it was converted into an easier-to-trade ETF at the same time nine rival spot bitcoin ETFs began trading. GBTC has much higher fees, and investors yanked billions of dollars from it. Its bitcoin holdings have dropped from more than 600,000 bitcoin to around 290,000 bitcoin, according to fund data compiled by CoinDesk.
🔥$ 169.9M Liquidated in last 24 Hrs. Long Liquidation : $ 38.7M 📈 Short Liquidation : $ 131.2M 📉 📊High Liquidations : (#Binance) Longs : #BTC $ 4.8M, #ETH $ 2.9M, #SOL $ 2.1M, #TRB $ 844.0K Shorts : BTC $ 17.4M, ETH $ 16.6M, SOL $ 2.3M, DOGE $ 1.5M
Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions During the Bitcoin for Corporations segment at the Microstrategy World 2024 event in Las Vegas, Marcus shared insights on the fusion of AI and bitcoin (BTC). He argued that BTC could eliminate the inefficiencies and “friction” inherent in fiat currencies, predicting that AI agents will adopt this “digitally native” medium for value exchange.
The price of the #WAVES is moving in a descending channel in the 4H-TF. The price is still above the support level of $ 2.260-2.040 and this support will probably continue to support the price and cause it to pump. The first goal is $ 3.00.