Ruslan

@baraded

539 Following

332 Followers

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Dogecoin Price Drop and Elon Musk's Continued Support According to CoinMarketCap data, Dogecoin (DOGE) saw its price drop by 15.5% in a single day on July 5th. Market indicators suggest an oversold condition, hinting at a potential bullish recovery. Despite the price drop, Elon Musk remains optimistic, comparing DOGE to Bitcoin and enabling DOGE payments for Tesla merchandise. Musk's $258 billion racketeering lawsuit, however, presents a challenge as investors accuse him of manipulating DOGE prices

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Crypto Market Sees $665 Million in Liquidations as Bitcoin Faces Selling Pressure The cryptocurrency market saw over $665 million in liquidations in the past 24 hours as Bitcoin faced heavy selling pressure, with the defunct crypto exchange Mt. Gox continuing to make movements for payout. Bitcoin dropped 7.4% in the past 24 hours to $54,422, after Mt. Gox moved about $2.7 billion worth of Bitcoin as it prepares for its payout to creditors. A total of 230,541 traders were liquidated, with Bitcoin leading the liquidations at over $222.1 million, followed by Ether at $163.4 million

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🎭 face is mask

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Onchain Metrics Suggest Bitcoin May Have Reached a Cycle Top The Bitcoin price has trended low in June, leading analysts to wonder if the "cycle top" is in for the pioneer cryptocurrency. Onchain metrics like the long-term holder inflation rate, dormancy flow, and spent volume suggest the Bitcoin bull market may have peaked. The growing cluster of spent volume and recent large sell-offs by long-term holders like Mt. Gox creditors and governments add to the supply-side pressure, indicating a potential market top

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Onchain Metrics Suggest Bitcoin May Have Reached a Cycle Top The Bitcoin price has trended low in June, leading analysts to wonder if the "cycle top" is in for the pioneer cryptocurrency. Onchain metrics like the long-term holder inflation rate, dormancy flow, and spent volume suggest the Bitcoin bull market may have peaked. The growing cluster of spent volume and recent large sell-offs by long-term holders like Mt. Gox creditors and governments add to the supply-side pressure, indicating a potential market top

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Analyzing the Surge in Ethereum's DApp Transaction Volume The Ethereum network continues to lead the adoption of DApps in terms of transaction volume and deposits. Activity on the Ethereum network is different from the broader cryptocurrency market trends and may be distorted where deposits may exceed $1 billion. The growth in Ethereum's transaction volume has not been matched by an increase in the number of users, and the total value locked in Ethereum DeFi applications fell by 17.5% in 7 days. Determining the true demand behind the surge in Balancer trading volume is challenging

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SEC Sues Silvergate Capital for Failing to Monitor Customer Transactions and Making False Statements The U.S. Securities and Exchange Commission sued Silvergate Capital Corporation, accusing the crypto-friendly bank of making false statements to the public about its anti-money laundering procedures. The SEC claimed Silvergate's Bank Secrecy Act and AML compliance program were inadequate, and the bank failed to detect nearly $9 billion in suspicious transfers by FTX and its related entities. Silvergate and former COO agreed to settle the charges, paying a total of $51.25 million in fines

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It is realy beautiful 🎭

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Linea: Growth, Vulnerabilities, and Canonical Message Service Linea have seen substantial growth, with over 50% of all Ethereum transactions occurring on L2s in early June 2024. However, the centralisation of sequencers within these rollups presents significant security risks, as highlighted by a $2.6 million exploit on Consensys-backed Linea. Linea's Canonical Message Service acts as a bridge and messaging stack between the network and Ethereum mainnet, relying on decentralized Postbots. Linea's recent Surge campaign aims to attract liquidity and new users to the ecosystem

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what is it? 🎭

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Amber Rose's Cryptocurrency Venture: Promises and Controversies In recent years, many celebrities have launched their own cryptocurrency tokens. American model, rapper, and actress Amber Rose joined this trend with her token $MUVA, which was released on social media platform X. Rose's past involvement in cryptocurrency scams and the team's immediate selling activity raised concerns. Despite assurances of long-term commitment and transparent communication, the token's price surged by 44,000% upon launch, reflecting the volatility of the cryptocurrency market

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Government Bitcoin Holdings and Potential Impact on the Market Governments around the world have seized significant amounts of Bitcoin, primarily through law enforcement actions against criminal activities. The U.S. holds the most Bitcoin, followed by China and Germany. However, the potential sale of China's large Bitcoin holdings could have a significant impact on the volatile crypto market

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Meme Coin Risks and Scams The cryptocurrency market continues to see high attention on meme coins, with a market capitalization of around $44 billion. While meme coins can offer substantial returns, they also come with significant risks, including meme coin scams. Meme coin scams typically involve creating a new cryptocurrency with an attractive name, aggressively promoting it, making false promises, and then carrying out a "pump and dump" or "rug pull" scheme to exploit investors. Investors should exercise caution when considering meme coin investments and be wary of the risks involved.

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Etched's Transformer-Focused AI Chip Aims to Challenge Nvidia's Dominance Galvin Uberti has declared war with Nvidia, saying that his company would become the world's leading company. Etched has unveiled Sohu, its transformer-exclusive chip that reportedly delivers over 100x the performance of a similarly priced GPU cluster. Etched's unique strategy of focusing solely on transformers could make Sohu a more cost-effective and environmentally friendly solution for AI companies. However, Etched faces competition from other startups and the risk of transformer architecture becoming obsolete.

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Real builders commit, and I just committed 556.82K $BUILD tokens to the BUILD Summer Fund. 🫡

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