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2024/07
Tapswap Daily Cinema Secret Codes for July 8: Answers to Know

Unlock 200,000 coins on Tapswap by solving the special codes for July 8. Read on to find the answers for the day and learn how to maximize your earnings in the Tapswap Telegram game.   Quick Take Complete specific daily tasks on July 8 and use the given codes to earn up to 200,000 coins per task. You can also find more ways to increase your earning potential in the Tapswap game. All About Tapswap Tap-to-Earn Telegram Game Tapswap is a popular tap-to-earn Telegram game where you can accumulate coins by completing tasks and missions. As per the official announcement, TapSwap token launch is delayed to some time in Q3 2024. These coins can be traded once they are potentially launched on big exchanges following the TapSwap airdrop. The game has gained significant popularity for offering daily codes that provide players with extra bonus points or coins, by which you can leverage to maximize your rewards potential before their launch.   Daily rewards play a crucial role within the Tapswap gaming ecosystem. New players might find it challenging to unlock these rewards initially. However, with this guide, you’ll quickly learn how to maximize your daily bonuses, adding a significant boost to your in-game coins.   To make your gameplay easier and earn more rewards, we’ve compiled the answers for the Tapswap Daily Codes for July 8, 2024.   Read more: How to Mine More Coins on TapSwap Telegram Crypto Game   Today’s Tapswap Secret Cinema Codes for July 8, 2024   Here are the answers to the daily TapSwap tasks that can earn you 2 million coins:    Task: How to Earn Money on Crypto Answer: genesis Task: Tapswap Education - What is Bitcoin? Answer: D57U94 Task: Learn 5 Crypto Terms Answer: 2614907 Task: New in the Crypto World Answer: 739551 Task: Tapswap Education Answer: 030072 Task: Watch the First Token Video Answer: (You only have to watch the video) Task: Learn What TON Is Answer: 548719 Task: Watch New Video Answer: 5 Task: Watch the First Video Answer: 739002 Task: Drops & Rise Answer: 27F53K9 Task: 5 Ways to Make Money on Crypto Answer: encryption How to Complete Tapswap All Codes Today To complete Tapswap daily codes today, follow these steps:   Open the TapSwap app on your phone. On the home screen, look for the “Mission” or “Task” section. Go to the cinema code section. Click on the “Movies” option and find “Today’s Code.” In the same section, you will see a box labeled “Enter code.” Paste the copied code here. After pasting the code, click on a button labeled “Deposit” or “Receive.” The TapSwap Code is a special code given by the developer. When you put this code in the TapSwap app, you get game coins. You can use these coins to buy different things in the game.    The developer gives out a new TapSwap Code every day. So, check our updates daily for the latest codes!   More Ways to Earn Tapswap Coins Invite Members: Some tasks might involve inviting new members to join Tapswap. Join Channels: Tasks may include joining Telegram channels. Social Media Engagement: Following handles on Twitter, Facebook, or Instagram can also be part of the daily tasks. Remember to subscribe to the official Tapswap YouTube channel so you can watch videos and earn coins per task. Bookmark for Daily Updates Bookmark this page and check back daily to get the latest Tapswap codes. Don’t forget to share this post with your friends so they can get the codes too. Stay updated and have fun playing!   Conclusion Mastering the daily codes in Tapswap is essential for maximizing your in-game coins. By following this guide, you can easily unlock these daily rewards and boost your gameplay. Accumulating more coins can help you level up in the game and potentially trade them on a cryptocurrency wallet online when they are listed.   Stay tuned for more updates and tips on how to maximize your earnings in Tapswap!  

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07/08/2024
Hamster Kombat Daily Combo and Daily Cipher for July 8: Answers to Know

Unlock 6 million coins on Hamster Kombat by solving the Daily Combo and Daily Cipher for July 8. Read on to know what the answers for the day are, and how to maximize your earnings on the Hamster Kombat Telegram game.   Quick Take Solve a Daily Cipher Morse code puzzle to unlock 1 million coins for July 8. Complete specific daily tasks of July 8 and select the right combination of cards for Daily Combo to earn 5 million coins. You can also find more ways to increase your earning potential in the Hamster Kombat game. All About Hamster Kombat Tap-to-Earn Telegram Game Hamster Kombat is a sensational tap-to-earn Telegram game where you can become the CEO of your very own crypto exchange. The viral crypto game has gained over 239 million players within 3 months of launch, according to Pavel Durov, the founder and CEO of Telegram.    Hamster gained such a strong foothold thanks to its offering of a fun and rewarding experience with its daily bonuses. Unlocking these rewards can significantly boost your in-game gold as you prepare for the upcoming Hamster Kombat airdrop and HMSTR token generation event (TGE).   Daily rewards play a crucial role within the Hamster Kombat gaming ecosystem. New players might find it challenging to unlock these rewards initially. However, with this guide, you’ll quickly learn how to maximize your daily bonuses, adding a significant boost to your in-game gold.   To make your gameplay easier and earn more rewards, we’ve compiled the answers for both the Daily Cipher and Daily Combo for July 8, 2024.   Read more: How to Earn Hamster Coin with Daily Combo and Daily Cipher   Daily Cipher: Earn 1 Million Coins The Daily Cipher involves solving a Morse code puzzle. A new cipher is released daily, the same for all players. Here’s how you can decode it:   Input a Dot (.): Tap the hamster once. Input a Dash (-): Tap and hold, then release. Input Timing: Wait at least 1.5 seconds before entering the second sequence of a letter to ensure the app recognizes it correctly. Daily Cipher for July 8, 2024 Daily Cipher Answer: HALVE Sequence: . . . . (H) . - (A) . - . . (L) . . . - (V) . (E) How to Unlock Daily Cipher Morse Code Follow these steps to unlock the Daily Cipher code for July 8, 2024:   Open the Morse code input screen. Tap the hamster four times for ‘H’. Tap once, then tap and hold for ‘A’. Tap once, hold and release, tap once, hold and release for ‘L’. Tap three times, then hold and release for ‘V’. Tap once for ‘E’. Daily Combo: Earn 5 Million Coins The Daily Combo is straightforward. You need to find three specific cards among the available tasks. Like the Daily Cipher, this puzzle changes daily and has a universal answer for all players.   Daily Combo Cards for July 8, 2024 CEO NFT Collection Launch Leaderboards   Unlocking Daily Combo Complete tasks specified in the game to unlock the following Daily Combo cards for July 8:   CEO (PR&Team) NFT Collection Launch (Special Cards) Leaderboards (Markets) Note: You will need to invite more friends to the game, if you have not yet done so, to unlock the NFT Collection Launch special card in the game.    More Ways to Mine Hamster Coins Invite Members: Some daily combos might involve inviting new members. Join Channels: Tasks may include joining Telegram channels. Social Media Engagement: Following handles on Twitter, Facebook, or Instagram can also be part of the daily tasks. Remember to subscribe to the official Hamster Kombat YouTube channel so you can watch videos and earn 100,000 coins per task.  Bookmark for Daily Updates Bookmark this page with the Hamster Kombat hashtag, which you can find at the bottom of this page. Staying updated will ensure you never miss out on your daily rewards.   Conclusion Mastering the Daily Cipher and Daily Combo in Hamster Kombat is essential for maximizing your in-game gold. By following this guide, you can easily unlock these daily rewards and boost your gameplay. Accumulating more coins can help you level up in the game, upgrade your exchange, and potentially boost your chances of earning more tokens when the HMSTR airdrop is launched.    You can also trade Hamster Kombat (HMSTR) tokens on KuCoin Pre-market ahead of the official token launch on the spot market.  

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07/08/2024
Mt. Gox Resumes Bitcoin and Bitcoin Cash Repayments Amid Market Uncertainty

Mt. Gox, the infamous crypto exchange, has started repaying its debts in Bitcoin (BTC) and Bitcoin Cash (BCH) to rehabilitation creditors. These repayments are being processed through designated crypto exchanges, adhering to the rehabilitation plan. According to an X post by the MtGoxBalanceBot, the Mt. Gox Trustee holds 94,457 BTC, with 47,288 BTC moved from these addresses since.   Quick Take Rehabilitation creditors receive repayments from Mt. Gox in Bitcoin and Bitcoin Cash via designated exchanges. Repayments will occur only after confirming account validity and acceptance of Agency Receipt Agreement by creditors. Bitcoin price drops over 5% on July 5, amid repayment news and market fears. Analysts predict potential further declines, but long-term bullish outlook remains. The Rise and Fall of Mt. Gox Mt. Gox, founded in 2010 by Jed McCaleb, was once the largest BTC exchange, handling 70% of global BTC transactions. McCaleb sold the exchange to Mark Karpelès in 2011. However, in early 2014, Mt. Gox suspended all BTC withdrawals due to technical issues and later revealed a long-standing security breach that resulted in the loss of approximately 850,000 BTC. The exchange filed for bankruptcy in February 2014, and in 2018, the case transitioned to civil rehabilitation. In 2019, Karpelès was convicted of falsifying financial records.   Reddit Users Report Receiving BTC, BCH Repayments  Example of a Reddit user confirming Mt. Gox repayment | Source: Cointelegraph    Several Reddit users have reported receiving BTC and BCH repayments credited to their accounts. One user shared an email from Mt. Gox, detailing the blockchain transfer of the repayable BTC/BCH amount as part of the Base Repayment and the Early Lump-Sum Repayment or the Intermediate Repayment. The email lists "MtGox Co., Ltd." as the Rehabilitation Debtor and Nobuaki Kobayashi, Attorney-at-law, as the Rehabilitation Trustee.   Mt. Gox’s Conditions for Repayments Mt. Gox’s official confirmation about BTC, BCH repayments | Source: Mt. Gox    The remaining rehabilitation creditors will receive their repayments once several conditions are met. These include confirming account validity and creditors' acceptance of the intent to subscribe to the Agency Receipt Agreement by designated exchanges. Additionally, the repayment procedures between the Rehabilitation Trustee and exchanges must be finalized to ensure safe and secure transactions.   Bitcoin Drops Over 5% Amid Mt. Gox Reimbursements  BTC/USDT price chart | Source: KuCoin   Bitcoin faces significant market pressure as Mt. Gox's reimbursements trigger a major liquidation cascade. On July 5, Bitcoin's price dropped 5%, hitting a low of $53,600 on KuCoin. Traders are now focusing on the $52,000 support level, a critical point for Bitcoin's supertrend indicator on weekly timeframes.   Popular trader Matthew Hyland notes that this support level has been a foundation for Bitcoin's price since mid-March's $73,800 all-time high. The supertrend line, which uses the average true range to delineate buy and sell phases, has kept BTC/USD above it since the end of 2022.   Read more: Bitcoin Slides Under $59k as Mt. Gox Repayments Begin: Is It Time to Buy the Dip?   Analysts Caution Against Reacting to Drawdowns  BTC/USD chart | Source: Rekt Capital    Adam Back, founder and CEO of Blockstream, advises investors to remain calm and increase their exposure to Bitcoin and MicroStrategy stock, highlighting that historical bull markets have seen multiple 30% drawdowns. Similarly, analyst Rekt Capital observes that the current pullback is an average retrace in depth and above-average in duration, suggesting that Bitcoin's price history is "repeating as we speak."   Bitcoin’s Long-term Bullish Outlook Still Holds Despite the short-term bearish sentiment, some analysts remain optimistic about Bitcoin's long-term prospects. Josh Gilbert from eToro points to potential catalysts such as Federal Reserve interest rate cuts and the approval of an Ethereum ETF by the SEC, which could significantly boost the crypto market. Swyftx analyst Pav Hundal echoes this sentiment, emphasizing that while the short-term outlook may be challenging, the long-term macro conditions remain positive.   Conclusion Mt. Gox's repayment process marks a significant milestone in the rehabilitation of the once-dominant exchange. While the immediate market reaction has been volatile, the long-term outlook for Bitcoin remains positive, with potential catalysts on the horizon. As the crypto market navigates these developments, investors are advised to stay informed and consider both short-term risks and long-term opportunities.  

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07/05/2024
Hamster Kombat Daily Combo and Daily Cipher for July 5: How to Unlock More Rewards

Unlock 6 million coins on Hamster Kombat by solving the Daily Combo and Daily Cipher for July 5. Read on to know what the answers for the day are, and how to maximize your earnings on the Hamster Kombat Telegram game.    Quick Take Daily Cipher: Solve a Morse code puzzle to unlock 1 million coins. Daily Combo: Complete specific daily tasks to earn 5 million coins. Easy-to-follow Instructions: Detailed steps to successfully unlock both rewards. All About Hamster Kombat Tap-to-Earn Telegram Game Hamster Kombat is a viral tap-to-earn Telegram game where you can become the CEO of your very own crypto exchange. With over 200 million players, the game offers a fun and rewarding experience with its daily bonuses. Unlocking these rewards can significantly boost your in-game gold as you prepare for the upcoming Hamster Kombat airdrop and HMSTR token launch.    In Hamster Kombat, daily rewards play a crucial role. New players might find it challenging to unlock these rewards initially. However, with this guide, you’ll quickly learn how to maximize your daily bonuses, adding a significant boost to your in-game gold.   To make your gameplay easier and earn more rewards, we’ve compiled the answers for both the Daily Cipher and Daily Combo for July 5, 2024.   Read more: How to Earn Hamster Coin with Daily Combo and Daily Cipher   Daily Cipher: Earn 1 Million Coins The Daily Cipher involves solving a Morse code puzzle. Each day, a new cipher is released, the same for all players. Here’s how you can decode it:   Input a Dot (.): Tap the hamster once. Input a Dash (-): Tap and hold, then release. Input Timing: Wait at least 1.5 seconds before entering the second sequence of a letter to ensure the app recognizes it correctly. Daily Cipher for July 5, 2024 Daily Cipher Answer: STAKE Sequence: . . . (S) _ (T) . _ (A) _ . _ (K) . (E) How to Unlock Daily Cipher Morse Code Follow these steps for unlock the Daily Cipher code for July 5, 2024:    Open the Morse code input screen. Tap the hamster three times for ‘S’. Tap and hold for ‘T’. Tap once, hold and release for ‘A’. Tap, hold and release, wait, then tap for ‘K’. Tap once for ‘E’. Daily Combo: Earn 5 Million Coins The Daily Combo is straightforward. You need to find three specific cards among the available tasks. Like the Daily Cipher, this puzzle changes daily and has a universal answer for all players.   Daily Combo Cards for July 5, 2024 Riyadh Masters 2024 (Special) CX Hub Istanbul (Special) UX and UI team (PR&Team)   Unlocking Daily Combo Complete tasks specified in the game to unlock the following Daily Combo cards for July 5:    Riyadh Masters 2024 (Special) CX Hub Istanbul (Special) UX and UI team (PR&Team)   More Ways to Mine Hamster Coins Invite Members: Some daily combos might involve inviting new members. Join Channels: Tasks may include joining Telegram channels. Social Media Engagement: Following handles on Twitter, Facebook, or Instagram can also be part of the daily tasks. Bookmark for Daily Updates Bookmark this page at the Hamster Kombat hashtag which you can find at the bottom of this page. Staying updated will ensure you never miss out on your daily rewards.   Conclusion Mastering the Daily Cipher and Daily Combo in Hamster Kombat is essential for maximizing your in-game gold. By following this guide, you can easily unlock these daily rewards and boost your gameplay. Stay tuned for daily updates and enjoy the rewards!   You can also trade Hamster Kombat (HMSTR) tokens on KuCoin Pre-market ahead of the official token launch on the spot market.   

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07/05/2024
Bitcoin Slides Under $59k as Mt. Gox Repayments Begin: Is It Time to Buy the Dip?

The Bitcoin market faced a significant downturn today. The cryptocurrency fell from a high of $61,055 to a low of $57,800. As of now, Bitcoin is trading at $58,854.99, marking a 3.60% decline. Ethereum and Solana followed suit, dropping by 4.40% and 8.96%, respectively.   Quick Take  Bitcoin plunges to $57,800, affecting the entire crypto market. The Crypto Fear and Greed Index shows increased fear among investors. Despite the dip amid crypto whale sell-offs, retail investors are buying the dip. Upcoming repayments from Mt. Gox are expected to affect the market. Fundstrat’s Tom Lee remains optimistic about Bitcoin's long-term potential. Bitcoin Takes a Hit  BTC/USDT price chart | Source: KuCoin    Bitcoin is currently 20.2% below its all-time high of $73,750.07, reached in March 2024. This dip brings Bitcoin to a two-month low. Experts link this drop to the impending Mt. Gox fund repayments, which will be made in Bitcoin and Bitcoin Cash. These repayments might put selling pressure on the market.   Read more: Will $10 Billion in Bitcoin Repayments from Mt. Gox Weaken BTC Price?   Can BTC Drop to $48-$50k? Not everyone shares Lee's optimism. Kudret Ayyldr, research manager at GCM Investment, suggests that Bitcoin's inability to stay above $67,500 could lead to a further drop to the $48-50K range. This prediction reflects the current market's uncertainty and the possibility of further corrections.   Crypto Whales Sell Millions of BTC, but Retail Investors Buy the Dip  ‘Buy the dip’ trends on social media | Source: Santiment    The market saw significant sell-offs by crypto whales. According to a report on BeInCrypto, a whale wallet deposited 1,800 BTC, worth $106.08 million, into Binance. This large deposit suggests a potential sale. Over the past week, this whale has transferred 5,281 BTC, worth around $423 million, to Binance.   Despite the bearish market, retail investors are buying the dip aggressively. Data from Santiment shows that mentions of "buy the dip" on social platforms like Reddit, X (formerly Twitter), 4chan, and Bitcoin Talk have doubled. Santiment's data indicates that retail buyers see this as an opportunity to accumulate Bitcoin below $60,000. This behavior indicates that many see the current dip as a buying opportunity.   Crypto fear and greed index | Source: Alternative    The Crypto Fear and Greed Index is at 44, indicating fear in the market. On June 25, it hit an 18-month low of 31. This index reflects investor sentiment, and the current score suggests a cautious market environment.   Mt. Gox Repayments Weigh the Market Down  Tom Lee, founder of Fundstrat, attributes the negative sentiment to the upcoming Mt. Gox repayments. Mt. Gox will return $9 billion worth of Bitcoin to its creditors in July. This situation has created concerns that a significant sell-off might occur if creditors decide to liquidate their recovered Bitcoin.   Despite these concerns, Lee remains bullish. He predicts that Bitcoin can hit $150,000 before the end of 2024. He believes that the removal of the Mt. Gox overhang will lead to a sharp market rebound in the second half of the year.   Notional Open Interest in Bitcoin Futures Drops by 18%  Bitcoin open interest-weighted funding rate | Source: CoinGlass    The futures market shows mixed signals. Notional open interest in Bitcoin futures has dropped by 18% over the past month, as per a report on CoinDesk. However, open interest in BTC terms has remained steady. This suggests that while the market has seen a reduction in bullish bets, traders are still placing long positions.   Positive funding rates indicate a bias for bullish bets. This, coupled with steady open interest, suggests that traders are hopeful for a market rebound once the selling pressure subsides.   Spot and Options Traders Place Bullish Bets  Activity in the spot and options markets also indicate a potential upside. Crypto whales have been buying the dips since late June. Margin long positions have steadily increased, showing continued confidence among large investors.   BTC margin long positions | Source: CoinGlass    QCP Capital reports that traders are buying topside bets in the options market, anticipating a year-end rally. This behavior aligns with the observation of significant interest in longer-term options at higher strike prices.   Conclusion The Bitcoin market is currently experiencing a significant downturn. However, retail investors and some large players remain bullish, buying the dip and placing long positions. The upcoming Mt. Gox repayments are expected to create short-term volatility, but experts like Tom Lee remain optimistic about Bitcoin's long-term potential. The market's current state reflects a complex mix of fear and hope, with investors watching closely for signs of a rebound.   Crypto analyst Cold Blooded Shiller advises caution. He suggests that traders adapt to market momentum but also emphasizes the importance of patience. He recommends avoiding active trading during such volatile conditions and instead focusing on strategic patience until the market stabilizes.  

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07/04/2024
Toncoin Price Surged 40% in H1, 2024, What’s the Next Target?

Toncoin (TON) from The Open Network led the price performance among the top 50 tokens by market capitalization for the second quarter. According to a report shared by CryptoKory on X, TON’s value surged over 40% in the last 90 days, elevating it to the eighth position among top cryptocurrencies by market cap. This surge is attributed to its association with Telegram, whose integration has opened the door to crypto for millions of mainstream users.   Quick Take  Toncoin (TON) led the top 50 tokens by market capitalization with a 40% value increase, elevating it to the eighth position among top cryptocurrencies. The integration of TON with Telegram has significantly boosted its user base and adoption. Total Value Locked (TVL) in Ton Blockchain has surged from $13.51 million to $725.31 million in 2024. Recent price trends suggest a bullish sentiment for Toncoin, with potential for further gains. Toncoin becomes the best-performing leading crypto | Source: CryptoKoryo on X   Toncoin's Ecosystem Expansion The Ton blockchain has witnessed exponential growth in TVL, skyrocketing from $13.51 million at the beginning of the year to a staggering $725.31 million as of July 3rd, 2024. This substantial increase underscores the expansion of the TON ecosystem and investor confidence in its underlying infrastructure, as per analysis by CryptoPolitan.   Toncoin among the top-performing large-cap coins | Source: Coinmarketcap   Telegram Stars: A New Integration In an effort to reach a billion active users and become profitable, Telegram has introduced various business-centric features, including a digital currency called Stars. Initially launched for paying for digital goods offered by bots and apps within Telegram, Stars can now be converted to Toncoin, expanding its use cases.   Content creators can post content that users can unlock with Telegram Stars. Additionally, channel owners can withdraw Stars and convert them to Toncoin using the Fragment platform. If you have Toncoin, you can trade crypto through various exchanges and transfer money to your bank account. Telegram has been using this portal to auction usernames over The Open Network (TON) blockchain.   Channel owners can also use Stars to get discounts on ads to promote their channels. With its latest update, Telegram has added a Mini App bar at the bottom to let users quickly access mini apps without having to reload them. These integrations have significantly boosted Toncoin's utility and adoption.   Read more: Telegram Launches In-App Token 'Stars' Amid Rising Toncoin Buzz   Can Toncoin and TON Ecosystem Get a Boost from Hamster Kombat TGE?  The upcoming Token Generation Event (TGE) of the highly anticipated Telegram clicker game, Hamster Kombat, scheduled for July 2024, has captured the attention of both gaming enthusiasts and crypto investors. Set to utilize Ton Blockchain for token generation and airdrop distribution, this event has further buoyed sentiment, potentially propelling Toncoin toward new highs.   In addition to Hamster Kombat, other Telegram games like TapSwap, Pixelverse, Blum, and Gemz have also helped drive increased activity. Their integration with the TON network could also help onboard more users to the web3 ecosystem, driving higher on-chain activity and TVL in The Open Network in the coming months.    Toncoin Technical Outlook: $7.5 Support Under Test?  Toncoin 30-day price performance | Source: CryptoQuant    Toncoin has navigated a tumultuous path in recent weeks, reflecting both resilience and volatility in the crypto market. Initially soaring to an all-time high of $8.182 on June 15th, Ton faced formidable resistance amidst heightened selling pressure, forcing a retreat to solid support at $6.79—a level it steadfastly defended.   Recent trends, however, paint a more optimistic picture for Toncoin enthusiasts. Since June 19th, the coin has embarked on an upward trajectory, forming distinct higher highs and higher lows within a nearly parallel channel. This pattern suggests a bullish sentiment above the critical support level of $7.79. With this support level being breached, Toncoin price could see a retest of the $7.5 mark, underscoring the critical nature of current price dynamics.   Conclusion Toncoin (TON) has navigated a tumultuous path in recent weeks, reflecting both resilience and volatility in the crypto market. As Toncoin moves through these critical junctures, stakeholders remain poised for further developments that could shape its trajectory in the evolving landscape of digital assets.   With its growing ecosystem, integration with Telegram, and promising technical outlook, Toncoin stands out as a notable player in the cryptocurrency market. The combination of user-friendly features, strategic partnerships, and innovative solutions positions Toncoin for potential success and growth.   However, it's essential to remember that the cryptocurrency market is inherently volatile and unpredictable. Investors should exercise caution, conduct thorough research, and consider the risks associated with market fluctuations before making investment decisions.  

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07/04/2024
Hamster Kombat Daily Combo and Daily Cipher, July 4: Answers

Hamster Kombat offers a unique gaming experience with daily rewards that significantly boost your in-game gold. The game’s Daily Combo cards and Daily Cipher code change daily, and cracking the correct answers can help you earn as much as 6 million coins every day. For new players, unlocking these rewards might seem challenging. This guide will help you unlock Daily Cipher and Daily Combo on July 4, ensuring you get your earnings in time.   Read more: What Is Hamster Kombat? A Guide to the Trending Telegram Crypto Game   Quick Take Solve a Morse code puzzle each day to unlock 1 million coins, enhancing your in-game currency effortlessly. Complete specific daily tasks to earn up to 5 million coins, giving your game a significant boost. Follow detailed, easy-to-understand instructions to successfully unlock both Daily Cipher and Daily Combo rewards. Hamster Kombat: A Clicker Game with Rewards Hamster Kombat is an online clicker game where performing specific tasks rewards you with coins. To drive higher engagement among players, Hamster Kombat has introduced Daily Combo and Daily Cipher features to help unlock more rewards. As the CEO of your own crypto exchange, you can use these and other features to mine more coins and scale your exchange.    These coins can later be converted to cash after the launch of the Hamster token and the Hamster Kombat airdrop. In addition to daily combos, the game offers daily ciphers and rewards, boosting your Points Per Hour (PPH).   Read more: How to Earn Hamster Coin with Daily Combo and Daily Cipher   Daily Cipher: Unlock 1 Million Coins The Daily Cipher involves solving a Morse code puzzle. Every day, a new cipher is released, and you can earn 1 million Hamster coins by solving the Daily Cipher morse code. Here’s how you can decode it:   Input a Dot (.): Tap the hamster once. Input a Dash (-): Tap and hold, then release. Input Timing: Wait for at least 1.5 seconds before entering the second sequence of a letter to ensure the app recognizes it correctly. Hamster Kombat Daily Cipher Code, July 4   For July 4, 2024, the Daily Cipher answer is "ORACLE". The sequence is:   _ _ _ (O) . _ . (R) . _ (A) _ . _ . (C) . _ . . (L) . (E) Congrats, you’ve now successfully unlocked 1 million in daily rewards!    Daily Combo: Earn 5 Million Coins The Daily Combo is straightforward. You need to find three specific cards among the tasks available. Like the Daily Cipher, the puzzle changes daily and has a universal answer for all players.   Hamster Kombat Daily Combo, July 4   For July 4, 2024, the Daily Combo tasks are:   GameFi Tokens Web3 Game Con SEC Transparency Completing these tasks will reward you with 5 million coins.   Hamster Kombat Daily Cipher and Combo Answers To ease your gameplay, here’s a list of the daily answers for both the cipher and combo:   Date Daily Cipher Answer Daily Combo Answer July 4, 2024 ORACLE SEC Transparency GameFi Tokens Web3 Game Con   Bookmark this page for daily updates on the cipher and combo answers.   Additional Tips to Mine More Hamster Coins  Invite Members: Some daily combos might involve inviting new members. Join Channels: Tasks may include joining Telegram channels. Social Media Engagement: Following handles on Twitter, Facebook, or Instagram can also be part of the daily tasks. Conclusion We will update the daily combos regularly. Bookmark this page at the Hamster Kombat hashtag which you can find at the bottom of this page. This way, you can stay informed about the latest tasks and rewards. Note that some tasks might be challenging, and it’s okay to complete what you can and wait for the next day.   Mastering the Daily Cipher and Daily Combo in Hamster Kombat is essential for maximizing your in-game gold. With this guide, you can easily unlock these daily rewards and boost your gameplay. Stay tuned for daily updates and enjoy the rewards!   By following this guide, you’ll be well-equipped to navigate the daily rewards in Hamster Kombat and make the most out of your gaming experience. Happy clicking!  

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07/04/2024
Solana Flips Ethereum in Daily Active Addresses in June: CMC H1 2024 Report

The rising popularity of the Solana ecosystem, especially its memecoins, looks set to challenge Ethereum’s dominance in the crypto market, according to Coinmarket’s H1 2024 report. Solana has already overtaken Ethereum in terms of daily active addresses in June 2024. Discover how the shift towards high-risk assets in Solana contrasts with Ethereum's focus on Real World Assets (RWA) and AI, and what it means in the Solana vs. Ethereum dynamics in the overall crypto market.    Quick Take Solana’s daily active addresses crossed 1.6 million in June 2024, overtaking Ethereum, which saw around 450,000 daily active addresses.  Solana's ecosystem, driven by memecoins, has gained significant attention and popularity since October 2023, indicating a growing prominence in the crypto space. Despite Solana’s lower gas fees, Ethereum leads in daily revenue and DeFi total value locked, while Solana focuses on meme-related transactions. In Q2 2024, Solana captured more attention than Ethereum, marking a significant trend shift. Since October 2023, Solana (SOL) and its memecoin ecosystem (valued at around $7 billion) have seen impressive gains in both price and popularity. While Solana hasn't overtaken Ethereum, the surge in interest highlights its growing influence in the crypto space.   Solana ecosystem sees faster growth than Ethereum | Source: Coinmarketcap    At the beginning of the year, Ethereum had a higher count of new token listings at 138 against Solana’s 119 listings. However, the Solana ecosystem has seen 147 new token listings since the beginning of 2024, while Ethereum has seen only 89 new token listings during this period.    Read more: Solana vs. Ethereum: Which Is Better in 2024?   Solana Leads with Over 1.6 Million Daily Active Addresses Solana leads in daily active addresses, boasting over 1.6 million, followed by BNB with 1 million. Both SUI and TON ecosystems have seen increased activity due to recent grants and popular projects.   Memecoins Dominate on Solana Memecoins are the driving force in Solana's ecosystem. Retail investors are prioritizing quick gains over traditional projects, reflecting an anti-establishment sentiment. The rapid liquidity influx into memecoins creates a casino-like atmosphere, where high-risk assets are preferred over value-oriented, traditional projects. Some of the best-performing memecoins on Solana include dogwifhat (WIF) with a market cap of over $543 million, Bonk ($374 million), and BOME ($159 million).    At the time of writing, Solana memecoins enjoy a market cap of under $7 billion as per data on CoinGecko. The overall memecoin sector is now valued at $48 billion, and is dominated by Ethereum-based tokens like Dogecoin, Shiba Inu, and Pepe. The sector includes celebrity-based tokens, but has often been marred by controversy and potential regulatory scrutiny. Ethereum creator Vitalik Buterin criticized the celebrity memecoin culture, urging creators to focus on projects offering public good.   Notwithstanding its challenges, new meme-based crypto projects are gaining momentum at unprecedented speeds. Even AI-themed tokens like Turbo are popular, marking a shift from traditional finance versus crypto to a new split between the establishment and anti-establishment forces within the crypto market.   Read more: Top Solana Memecoins to Watch in 2024   Memecoins dominate the Solana ecosystem | Source: Coinmarketcap    Pump.fun, a memecoin generator on Solana and Blast blockchains, recently surpassed Ethereum in daily revenue for the first time, grossing $1.99 million compared to Ethereum’s $1.91 million. Despite a $2 million hack in May, Pump.fun has generated over $51.3 million in revenue since January, highlighting the booming memecoin trading frenzy on Solana.   Read more: Pump.fun Tops Ethereum in Daily Revenue with $2M Surge   Most memecoins are available for spot trading, but MarginFi plans to introduce mrgnswap for leveraged trading on Solana, potentially changing the memecoin trading landscape and offering more options for investors.   Ethereum Ecosystem Gains From RWA and AI Sectors  In contrast, Ethereum is focusing on Real World Assets (RWA) and AI distributed computing. This move aims to bridge traditional finance with blockchain technology. The DeFi sector is returning to its roots, with stablecoins now dominating interest. Previously, decentralized exchanges (DEXs) and derivatives were the focal points, driving innovation and excitement. Now, stability and reliability are the focus, with stablecoins providing a secure medium for transactions, savings, and lending.   Ethereum Dominates L1 with 62% Market Share  Market cap of leading Layer-1 coins | Source: Coinmarketcap    The total market cap for Layer-1 Smart Contracts stands at $695.58 billion, with Ethereum holding a 62.11% dominance. The SEC’s approval of Ethereum Spot ETFs was a significant catalyst. BNB and Solana have been gaining momentum, adding $42 billion and $18 billion year-to-date, respectively.   Ethereum (+45.33%) ranks as the third-best-performing smart contract platform, behind Toncoin (+221.5%) and BNB (+83.6%). In contrast, Solana posted a moderate 17.4% gain year-to-date.   Ethereum Accounts for 70% of Daily Revenue Among Public Chains  Ethereum has seen record low gas fees in Q2, thanks to the adoption of Layer-2 solutions and the recent Dencun upgrade. Despite this, Ethereum accounts for 70% of daily revenue among major Layer-1s, at $2.7 million. Solana ranks second with around $900k daily revenue.   In DeFi, Ethereum holds a dominant 84.3% of the total value locked (TVL) market share with a TVL of over $57 billion against Solana’s TVL of $4.5 billion, driven by DEX trading and staking. Solana's transactions are mainly meme-related.   Ethereum vs. Solana: Institutional Investors’ Outlook Recent outflows from Ethereum investment products reflect growing investor concerns and profit-taking behaviors. Ethereum faces scalability issues and high transaction fees, prompting accelerated upgrades towards Ethereum 2.0. Meanwhile, Solana attracted $1.6 million in inflows, showcasing investor confidence in its high throughput and low transaction costs.   Solana's innovative Proof-of-History (PoH) mechanism and ultra-low transaction costs make it a preferred platform for high-speed transactions and complex tasks. The platform's proactive approach to scalability and strong community support have contributed to its appeal in decentralized finance (DeFi) and non-fungible tokens (NFTs).   However, Ethereum could get a boost when the spot Ethereum ETFs get approved. As perthe latest news reports on Cointelegraph, this is widely expected to occur by July 8.    Conclusion The contrasting trends between Ethereum and Solana underscore shifting investor preferences and strategic considerations within the cryptocurrency market. While Ethereum maintains its lead in market capitalization and ecosystem maturity, Solana's rapid growth and technological advancements, such as the introduction of Firedancer, a second validator client that enhances network resilience and performance, make it a formidable competitor. Solana's focus on memecoins and innovative Proof-of-History mechanism is attracting a new wave of investors seeking high-speed transactions and low costs.   Regulatory developments and the introduction of cryptocurrency ETFs could further influence market dynamics. The SEC's approval of Ethereum Spot ETFs has already marked a significant milestone, potentially paving the way for similar products for Solana. However, the regulatory landscape remains unpredictable and could impact both platforms differently.   Investors should remain cautious and aware of the inherent risks in the volatile cryptocurrency market. The rapid growth of memecoins, while offering high returns, also comes with significant risks.  

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07/03/2024
Hamster Kombat Crosses 210 Million Players, Set for Guinness World Record?

Hamster Kombat, a popular play-to-earn (P2E) game on Telegram, has revealed exciting updates for July, including its token generation event (TGE) and the Hamster token airdrop. The game, which has gained over 210 million players worldwide, has overtaken Notcoin in terms of adoption, and could soon set a Guinness world record for its rapid growth.    Quick Take  Hamster Kombat plans a TGE and token airdrop on the TON blockchain in July. Players can participate by completing specific tasks, like connecting their TON wallet. The game has surpassed 210 million players, outpacing Notcoin, with significant engagement in Nigeria and other African markets. Hamster Kombat's YouTube channel has grown rapidly, surpassing 30 million subscribers and setting a potential Guinness World Record for the fastest-growing channel. Hamster Kombat Confirms Airdrop and TGE in July  One of the most anticipated updates for Hamster Kombat is the Token Generation Event (TGE) and the introduction of in-game utility for its token. The TGE is expected to take place in July, with a token airdrop planned on the TON blockchain, as per . Players can participate in the airdrop by completing specific tasks, such as connecting their TON wallet to the game. The game's interface already shows an 'Airdrop' tab indicating that the listing is underway.   Read more: Hamster Kombat Airdrop Task 1 Goes Live: How to Link Your TON Wallet   July will also see the introduction of new use cases for the Hamster Kombat token. These developments aim to enhance user engagement and increase the game's appeal. The new in-game utility will allow players to use tokens for various purposes within the GameFi ecosystem.   In addition to the TGE and in-game utility, Hamster Kombat has planned several developmental upgrades for Q3 2024. These upgrades include new characters and skins, time-limited events, and live events. More upgrades are expected in Q4, promising continued excitement for players.   Hamster Kombat User Base Grows to Over 210 Million Players  ​​ Source: Hamster Kombat on X    Hamster Kombat has experienced meteoric growth, surpassing 210 million players in a short time since its launch. This growth outpaces that of Notcoin, another popular P2E Telegram game, and highlights Hamster Kombat's appeal across various regions. Notably, Nigeria and other African markets have emerged as key areas of player engagement.    The game's accessibility via the Telegram app, combined with its social features, has contributed to its rapid growth. Hamster Kombat's quirky characters and simple gameplay appeal to a wide audience, from children to adults. The game's cross-generational appeal, combined with its unique concept, sets it apart from traditional fighting games.   Read more: Hamster Kombat Airdrop: 100M Players Gear Up for TON Token Launch   Hamster Community Grows, YouTube Channel Crosses 31 Million Subscribers  Hamster Kombat's YouTube channel has seen remarkable growth since its launch on May 24. The channel has gained over 30 million subscribers, surpassing popular YouTuber Mr. Beast in new subscriber count. With over 10 million subscribers joining in just six days, 13 hours, and 15 minutes, Hamster Kombat is on track to secure a Guinness World Record for the fastest-growing YouTube channel.   The game's YouTube channel has also driven significant engagement. Users earn in-game coins by watching videos, and the channel averages 20 million views daily. This has translated into substantial daily revenue, estimated between $4,000 and $69,000. The educational videos on the channel are specifically designed for newcomers to Web3, helping to onboard new users.   Hamster Kombat Drives Engagement Through Daily Combo and Daily Cipher  Hamster Kombat offers unique features like daily combos and ciphers to keep players engaged. Players can earn millions of points by successfully completing these tasks. The game also encourages user-generated content, with tutorials on daily combos and ciphers becoming popular on platforms like YouTube and TikTok.   Read more: How to Earn Hamster Coin with Daily Combo and Daily Cipher   But the Game Faces Controversies Too  Despite its popularity, Hamster Kombat has faced several challenges and controversies. In Iran, government officials have criticized the game as a tool of Western influence, distracting the populace from upcoming presidential elections, according to a report on the AP news.  The game has gained traction among Iranians struggling with economic hardships, leading some to label this trend as a sign of desperation. Iranian officials argue that the game is part of a broader strategy by Western countries to divert public attention from significant national events, potentially eroding the culture of hard work and entrepreneurship. Similarly, in Russia, the game has been criticized for posing financial risks, particularly to children, and labeled as a "pyramid scheme" by some experts. Extreme behavior among young players has also been reported, prompting concerns about the game's impact. For instance, a 14-year-old boy from Tyumen was reportedly setting an alarm every three hours to maximize his game score, prompting his parents to seek psychiatric help.    In Ukraine, authorities have raised data security concerns due to the game's association with Russian servers, highlighting potential risks for Ukrainian users. Malware exposure is another significant issue, as many resort to unofficial software due to sanctions. Uzbekistan has taken a strict stance, threatening players with jail time or fines if they attempt to convert in-game currency into real money. This reflects the country's broader policy against cryptocurrencies. These controversies underscore the complex relationship between the game's developers, users, and various governments.   Conclusion  Hamster Kombat's rapid rise and ambitious plans make it a game to watch in the P2E sector. With the upcoming airdrop and TGE, new in-game utilities, and continued developmental upgrades, players have much to look forward to in July and beyond. However, it is important to remain cautious about the potential risks and challenges associated with such rapid growth and the volatile nature of the crypto market. The controversies and criticisms from various countries underscore the complex dynamics at play, reminding users to approach the game with both enthusiasm and caution.  

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07/03/2024
Memecoins, AI, RWA, and Stablecoins Drive Growth in Q2, 2024: CoinMarketCap H1 Report

In Q2 2024, the global crypto market cap took a hit, dropping 14.5% to $2.3 trillion, according to Coinmarketcap’s H1 2024 report. Despite this, the 24-hour trade volume soared by 223%, reaching $79.4 billion. The Crypto Fear and Greed Index stands at a neutral 49, showing a trend towards fear since Q1. Bitcoin's dominance remains strong at 53%, with no signs of an altcoin season. Liquidity has decreased by 18.5%, echoing a bearish phase within a broader bull market trend.   Quick Take Memecoins became the most popular crypto category in Q2 2024, accounting for 23% of page views on CoinMarketCap. The stablecoin sector grew by 8.6%, while AI and Big Data sectors saw a 2.5% increase. Ethena and Lista's launches significantly boosted the stablecoin sector. Solana's ecosystem added 20 new tokens in Q2, surpassing Ethereum's 14. Solana-based memecoins outperformed Ethereum-based ones, with returns of 8,469% compared to 962%. Political meme tokens, led by MAGA (TRUMP), gained prominence, with the total market cap reaching $784 million. The MAGA token alone surged over 5100% this year. The RWA sector, dominated by fiat-collateralized stablecoins, saw significant growth. Notable developments include Ethena's USDe, which increased its market cap by 934%, and BlackRock's BUIDL fund, which attracted $453 million in just three months. Memecoins, Stablecoins, and AI Drive Crypto Market Growth in Q2 2024 Most active sectors in the crypto market in Q2 2024 | Source: Coinmarketcap    Three sectors experienced positive growth in Q2: memecoins, stablecoins, and AI & Big Data. Memecoins, for the first time, have become the most popular category, accounting for 23% of page views.    The memecoin season of March and early April gave way to focus on stablecoins (+8.6%), AI, and Big Data (+2.5%). Ethena and Lista's launches bolstered the stablecoin sector. Tether's $4.52 billion profit in Q1 underscores the sector's profitability, attracting new projects. Conversely, the hype around AI has declined since its February peak, capturing only 6.4% of attention in June. Derivatives and stablecoins also saw moderate growth. The memecoin and AI & Big Data sectors are slowing, with many projects delisting.    Solana Overtakes Ethereum in the Memecoin Race  Solana vs. Ethereum memecoins | Source: Coinmarketcap    Solana's ecosystem has also gained significant attention, potentially challenging Ethereum's dominance. CoinMarketCap data reveals the Solana ecosystem is thriving, adding 20 new tokens in Q2, followed by Ethereum with 14 new tokens. Solana-based memecoins have outperformed Ethereum-based ones, returning an average of 8,469% compared to Ethereum's 962%. This trend is driven by speculative capital flows and the success of tokens like WIF and BONK.   In the Solana ecosystem, memecoins dominate, reflecting a speculative rush. Retail investors prefer quick gains over traditional projects, indicating an anti-establishment sentiment. This casino-like atmosphere contrasts with Ethereum's focus on Real World Assets (RWA) and AI, emphasizing practical applications and bridging traditional finance with blockchain.   PolitiFi Meme Tokens: Trump Leads the Pack Trump vs. Biden in the PolitiFi sector among memecoins | Source: Coinmarketcap    Political meme tokens (PolitiFi) have emerged as a significant subcategory, with a total market cap of $784 million. The leading token, MAGA (TRUMP), has gained over 5100% this year, fueled by Trump's vocal support for crypto and acceptance of crypto for campaign donations.   Real World Assets (RWA) Sector Fuels Stablecoin Growth  RWA sector and stablecoin market see growth | Source: Coinmarketcap    The RWA sector is experiencing significant growth, driven primarily by fiat-collateralized stablecoins, which now make up 96.6% of the total market cap in this category. Tether (USDT) remains the dominant force, consistently setting new market cap highs and serving as the base pair for almost 70% of spot trading volume on centralized exchanges (CEXs).   USDC has seen a notable resurgence, increasing its market cap by 32% in the first half of 2024. This growth is largely attributed to Circle's strategic push towards institutional clients and the launch of Coinbase International, which has brought increased volume to USDC in non-US markets.   A standout performer in the RWA sector is Ethena's USDe, launched in February 2024. This new stablecoin has already seen a 934% increase in market cap. Its high yield of 33.5% has attracted significant capital inflows, making it one of the fastest-growing assets in the sector. Despite the initial airdrop and the launch of its native token, ENA, USDe continues to draw considerable investor interest.   BlackRock's BUIDL fund, which launched on Ethereum in March 2024, leads tokenized funds in assets under management (AUM). The fund witnessed an impressive $453 million inflow in less than three months, highlighting the growing institutional interest in tokenized finance. Ondo Finance, the largest contributor to BUIDL, has been instrumental in this growth, adding $195 million to its AUM. Since its launch on January 18, ONDO has gained 634%, making it the leading coin in the RWA sector.   Despite this progress, the total value locked (TVL) in RWA protocols currently stands at $4.39 billion, still below the previous cycle's high of $6.37 billion. This gap suggests that there is ample room for further growth in the sector as it continues to mature and attract more institutional capital.   Conclusion: A Dynamic Quarter Q2 2024 has been marked by significant shifts in the crypto market. Despite a notable 14.5% drop in global market cap, the surge in 24-hour trade volume by 223% reflects a resilient trading environment. Bitcoin's dominance at 53% and the sustained bullish macro sentiment indicate the strength of institutional investment, yet retail engagement remains conspicuously low.   The stablecoin sector has shown robust growth, driven by new projects like Ethena and Lista, and Tether's substantial profits. Meanwhile, Solana's ecosystem has emerged as a formidable competitor to Ethereum, particularly in the memecoin space, where speculative investments are on the rise.   However, this quarter also highlights the market's vulnerabilities. The decline in liquidity by 18.5% and the trending fear sentiment underscore potential risks. Investors should remain cautious, as market conditions can shift rapidly. The decreasing interest in AI and the volatility of memecoins further add to the market's unpredictability.   As always, due diligence and a risk-aware approach are crucial for navigating the dynamic world of cryptocurrencies.  

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07/03/2024
Pump.fun Tops Ethereum in Daily Revenue with $2M Surge

Pump.fun, a leading memecoin launchpad on the Solana blockchain, has achieved a significant milestone. It generated $2 million in daily revenue, making it the highest revenue generator among all blockchains and protocols on July 1, surpassing Ethereum.   Quick Take  On July 1, Pump.fun generated $2 million in daily revenue, surpassing Ethereum. Over 11,500 memecoin tokens were created on Pump.fun in a single day. The platform's cumulative revenue has reached $50.9 million and celebrity-themed meme coins has driven the surge in token creation. Pump.fun is projected to reach $268.95 million in annualized revenue. Pump.fun revenue | Source: Dune    On Monday, Pump.fun recorded an impressive $2 million in daily revenue, outstripping Ethereum's $1.91 million, as per a report on CoinDesk. This surge was driven by the creation of 11,528 tokens, bringing the platform's total to nearly 1.2 million tokens. The cumulative revenue on Pump.fun has now reached $50.9 million, according to data from DefiLlama and Dune Analytics.   Read more: What Is Pump.fun, and How to Create Your Memecoins on the Platform?   Pump.fun Generates Over $22M Revenue in June  Pump.fun’s revenue spikes in July | Source: DefiLlama    Despite a $1.6 billion decrease in the total memecoin market cap since mid-June, Pump.fun continues to average $692,000 in daily revenue. This consistent performance indicates ongoing user interest and activity on the platform. If the current momentum is maintained, Pump.fun is projected to achieve an annualized revenue of $268.95 million, calculated by multiplying the revenue data from the last 30 days by 12, as per a report on Unchained Crypto.   Pump.fun recorded $22.05 million in revenue in June alone, highlighting its robust growth trajectory. The platform's success has also spurred competition, with new entrants like Dexscreener's Moonshot aiming to capture market share in the memecoin space.   Read More: Solana's Pump.fun Generates $30M from Memecoin Mania   Celebrity-Driven Memecoin Frenzy Drives Pump.fun’s Growth The spike in revenue can be attributed to the ongoing trend of celebrity-themed meme coins. Since late May, celebrities like Caitlyn Jenner, Iggy Azalea, Trippie Redd, and Davido have launched their own meme coins on Solana, attracting significant attention and activity on Pump.fun. The platform's low costs make it an attractive option for creating and trading tokens, contributing to its rapid growth.   Pump.fun's business model includes a 1% swap fee and a two SOL fee for listing tokens on the decentralized exchange Raydium. This straightforward approach has fueled user engagement and transaction activity on the Solana ecosystem.   Are 95% of Tokens on Pump.fun Scams?  However, Pump.fun's rapid growth has not been without challenges. The platform has seen a significant rise in fraudulent activities, with an estimated 95% of tokens being bogus. The low cost of launching tokens on Solana has made it easier for bad actors to create and manipulate tokens, leading to various scams.   One common scam involves developers buying a small percentage of tokens and then quickly dumping them, causing the token's value to plummet. Another tactic, known as "King of the Hill" (KOTH), involves developers selling off large quantities of tokens, triggering panic among other traders and leading to a market crash.   Despite these issues, Pump.fun's financial success and dominant market position underscore its impact on the memecoin market and the broader cryptocurrency ecosystem, especially within the Solana community.   Conclusion Pump.fun's rise to the top of the revenue charts demonstrates the growing popularity and potential of meme coins and blockchain-based token creation platforms. With celebrity involvement and a user-friendly, cost-effective model, Pump.fun has carved out a significant niche in the crypto world. However, the platform must address the challenges posed by scams and fraudulent activities to sustain its growth and maintain user trust.   As Pump.fun continues to evolve, its influence on the memecoin market and the broader crypto ecosystem will be closely watched by industry observers and participants alike.  

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07/03/2024
Bitcoin Bulls Eye Potential July Rebound Amid Historical Trends: 20%+ Gains in Sight?

Since April, Bitcoin has fluctuated between $59,000 and $74,000. The cryptocurrency faced significant selling pressure and negative sentiment among retail traders. Historical trends suggest that July could be a bullish month, offering hope for Bitcoin bulls.   Quick Take Bitcoin's price has ranged between $59,000 and $74,000 since April. July historically shows a bullish trend for Bitcoin with an average return of over 11%. Bitcoin ETFs saw $130 million in inflows on July 1, the highest since early June. Analysts predict a possible strong rebound in July despite headwinds. Bitcoin's price is subject to seasonal cycles. Profit-taking around tax season in April and May often leads to price drawdowns. Conversely, December usually sees increased demand, known as the "Santa Claus" rally. These predictable patterns can influence cryptocurrency prices, leading to notable changes.   Read more: Bitcoin Price Rebounds Past $63,000: Will It Hit $70k in July?   Bitcoin’s Historical Performance in July Bitcoin’s historical performance in July | Source: CoinGlass    Data shows that Bitcoin has performed well in July over the past decade. On average, Bitcoin has gained more than 11% in July, with seven out of ten years showing positive returns. For instance, from 2019 to 2022, Bitcoin's July returns were 27%, 20%, and 24%, respectively.   The start of July saw U.S.-listed Bitcoin ETFs record nearly $130 million in inflows, the highest since early June. This followed over $900 million in outflows in the previous month. Such inflows indicate renewed investor interest and confidence.   Analysts Forecast Bounce in BTC Price  Singapore-based QCP Capital noted in a recent broadcast that Bitcoin tends to bounce back strongly in July, especially after a negative June. Their options desk saw flows positioning for an upside move, potentially in anticipation of the ETH spot ETF launch.   Historical trends of Bitcoin’s gains in July | Source: X   Crypto fund Matrixport reported that Bitcoin's July returns from 2019 to 2022 were around 27%, 20%, and 24%, respectively. This historical trend suggests a bullish July.   According to trending polls on Polymarket, 78% users believe that Bitcoin price will hold above $61,000 by July 5. In another poll, 36% users expect BTC price to touch $70,000 in July.    Potential Challenges Despite the optimistic outlook, some analysts predict that July could face challenges. The German government's sizeable Bitcoin sale and the upcoming Mt. Gox repayments may exert pressure on Bitcoin's price. The repayments could see around $8.5 billion in Bitcoin paid back to creditors, starting in the first week of July.   Read more: Will $10 Billion in Bitcoin Repayments from Mt. Gox Weaken BTC Price?   Market Resilience: Bitcoin Gains 4.5%  BTC/USDT price | Source: KuCoin    Despite these challenges, Bitcoin showed resilience. From June 28 to July 1, Bitcoin rose by 4.5%, breaking the $63,000 resistance. The bearish trend was reversed by three key factors:   Inflows into Bitcoin ETFs. Entry of new major investors. Renewed investor confidence due to traditional market instability. Mainstream Market’s Impact on Bitcoin Price Trends  Billionaire Michael Dell, founder and CEO of Dell Technologies, sparked excitement with a suggestive message about a possible Bitcoin investment. Dell's company holds $5.83 billion in cash and equivalents, potentially hinting at a significant Bitcoin investment.   Additionally, Sony's Tokyo-based subsidiary, Amber Japan, rebranded as S.BLOX to focus on cryptocurrency trading. The firm emphasized user-friendliness and expanded features, indicating a strategic move into the crypto space.   Some investors are turning to Bitcoin due to concerns over inflated tech stock valuations. For example, Nvidia's forward sales estimate jumped from 12 times to 21 times in two months. This shift reflects a broader trend where investors seek alternative assets, including Bitcoin.   Conclusion Historical trends and seasonal cycles suggest that Bitcoin may see a strong rebound in July. Despite potential challenges, the renewed investor confidence and inflows into Bitcoin ETFs indicate a bullish outlook. As always, market dynamics are subject to change, but the signs point towards a positive performance for Bitcoin in the coming weeks.  

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07/02/2024
TapSwap Airdrop and Token Launch Airdrop Delayed to Q3 2024: What It Means for Users

TapSwap, a popular tap-to-earn game on Telegram, announced a delay in its much-anticipated token launch to the third quarter of 2024. The TapSwap airdrop, a free cryptocurrency giveaway, will also be rescheduled to the same period. Initially, TapSwap planned to hold the airdrop on May 30 but delayed it to July 1 due to an influx of bots attempting to farm airdrop points. Now, the team needs additional time to refine their launch strategy.   Quick Take TapSwap pushes back token launch and airdrop to Q3 2024. The Telegram  game’s developers need more time needed for tokenomics and launch strategy. The delay in TapSwap’s airdrop campaign aims to ensure a profitable and fair launch for users. But the community reaction to the delay is mixed.  An Overview of TapSwap and Current Status  Launched in February, TapSwap rewards users for tapping their screens. The game imposes rules and limits on the number of tokens that can be tapped based on the player's level. With over 48 million players, TapSwap's success has attracted both scammers and tier 1 exchange partners. The Telegram game initially planned to integrate with Solana but later switched to The Open Network (TON) due to its better fit with the Telegram-based mini-app.   TapSwap Announces Airdrop Delay on X  Source: TapSwap on X    In a post on X, TapSwap assured users that the delay would ultimately benefit them. "The success we've had comes with some ‘inconveniences,’" they wrote. The project emphasized that ensuring a fair and profitable launch for all users is their priority.   "This level of attention requires much more detailed work on tokenomics and the right launch strategy. And that means extra time."    Despite the keen interest from users, TapSwap has been vague about the specifics of its planned token launch on the TON blockchain. During an AMA session on June 26, the team did not provide a concrete timeline for the TAPS token launch or details on airdrop eligibility. They explained that "many moving parts" in the tokenomics, including communications with multiple crypto exchanges, necessitated changes to their documentation.   Read more: TapSwap Airdrop Anticipated in July: What to Know   TapSwap’s Community-Centric Token Allocation Plans TapSwap reiterated its commitment to the community, stating that a significant portion of all tokens would be allocated to users. The team is finalizing the tokenomics and will provide updates once completed. They stressed the importance of fairness in the airdrop distribution and have implemented a monitoring system to track user behavior, identifying accounts that deserve to be banned.   TapSwap is dedicated to a meticulous token allocation process for the airdrop. They are exploring ways to offer unscrupulous users the option to voluntarily surrender for a percentage of the drop, ensuring a win-win situation.    "We are developing clear rules for token distribution to ensure fairness, although these cannot be disclosed beforehand to prevent abuse," TapSwap stated.   Mixed Reactions from the TapSwap Community  Source: X    The community reaction to the delay has been mixed. Some users expressed frustration over the repeated postponements, while others appreciated the effort to ensure a fair and secure token distribution. Many are still eager to participate and hope the delay will result in a better launch experience. The sentiment on social media reflects a cautious optimism, with users actively engaging in Tapswap's activities to increase their airdrop eligibility​.   Conclusion Tapswap's decision to delay the token launch and airdrop aims to provide a more strategic and user-beneficial outcome. The extra time will allow the team to refine their tokenomics and launch strategy, ensuring a fair experience for all users. However, it is important for users to stay informed and be aware of potential risks associated with the delay. Time will tell if TapSwap airdrop will be successfully launched in Q3 2024.      

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07/02/2024
Catizen Airdrop Guide: How to Earn $CATI Tokens

Catizen, a popular Telegram game where you swipe to combine cats and earn crypto, has announced its official airdrop campaign in July after rolling out a Play for Airdrop campaign in June 2024. Learn how to qualify for the upcoming $CATI token airdrop by mining more coins on Catizen swipe-to-earn game.    Quick Take $CATI token airdrop is scheduled for July on The Open Network (TON) and will distribute 35% of the token’s total supply. Catizen supports both TON and Ethereum’s Mantle network, providing diverse earning opportunities. The game donates 1% of its revenue to charities dedicated to rescuing stray cats worldwide. What Is Catizen Swipe-to-Earn Telegram Game? Catizen is a play-to-earn game on Telegram. It stands out with its swiping mechanic, which requires players to combine cats to increase their level and value.    Catizen has seen tremendous growth and success in the past few months, completing the first two phases of its roadmap with flying colors. With over 23 million players, 3.4 million daily active users, and more than 14 million on-chain transactions, Catizen has solidified its presence in the gaming world. The platform ranked top in the Ton Open League for three consecutive seasons and gathered thousands of player feedback and heartwarming stories.    As Catizen prepares for Phase III, the launch of the Catizen Gaming Platform, it plans to introduce over 200 mini-games, transforming into a comprehensive game center aimed at uniting over 100 million players. Additionally, Catizen is set to launch a game engine for Telegram Mini Apps, facilitating easy access for H5 game developers. The community eagerly anticipates the upcoming $CATI token airdrop in July, marking a significant milestone for Catizen. Through these developments, Catizen continues to foster deep emotional connections and a strong community spirit, all while committing 1% of its revenue to helping stray cats.   Catizen isn't limited to the TON ecosystem. In April, they partnered with Ethereum’s Mantle network, gaining nearly 500,000 users by late June from Mantle. This allows players to engage with the game on both The Open Network (TON) and Mantle, expanding their opportunities for rewards.   Read more: Exploring Catizen: A Cat-Raising Crypto Game in the TON Ecosystem   Catizen Airdrop Launch Schedule  Catizen has announced an upcoming airdrop of its $CATI tokens scheduled for July. The distribution of the airdrop will be based on participants' vKITTY production and the highest-level cat they possess. The $CATI token will be on The Open Network (TON), the same blockchain used by Notcoin and Hamster Kombat. A substantial 35% of the total $CATI token supply has been allocated for this airdrop. To participate and claim Catizen airdrop, ensure you connect your TON wallet to the Catizen Telegram mini-app ahead of the token launch.    How to Play Catizen Game  In Catizen, you run a virtual cat café. Here's how to get started:   Launch the Bot: Go to Catizen Bot on Telegram. Start Playing: Click "Start" and then "Play for Airdrop." Combine Cats: Swipe to combine cats of the same level, leveling them up. You remain in Silver league until you earn 56 million points, while the Gold league is above 56 million and until 76 million. Earning above 76 million vKITTY coins gets you in the Platinum league.  Earn vKITTY: Visitors to your café will earn you vKITTY currency. Buy More Cats: Use vKITTY to buy more cats or wait for regular drops. Fishing Mini-Game: Earn Fish Coins from daily logins and referrals to play a fishing mini-game for extra vKITTY. How to Earn More Coins on Catizen  To make the most of the airdrop, focus on leveling up your cats. Sitting on a large pile of vKITTY isn't the best strategy. Instead, invest in higher-level cats to boost your earning potential.   How to Qualify for the $CATI Airdrop Play the Game: Engage with the game and accumulate vKITTY. Level Up Cats: Combine cats to increase their levels. Connect a TON Wallet: Link your TON wallet to receive the Catizen airdrop. Popular options include Tonkeeper and the @Wallet integrated within Telegram. Complete Tasks: Participate in social quests and daily check-ins to earn more vKITTY. Rewards start at 5 coins per task and go all the way up to 300 for making daily purchases in the game. As a Telegram Premium user, you could win 200 vKITTY coins as rewards.  Charity Commitment Catizen has pledged to donate 1% of its revenue to charities focused on rescuing stray cats. By playing, you’re not only earning potential crypto rewards but also contributing to a good cause.   Conclusion Catizen offers a refreshing take on the play-to-earn genre with its unique swiping mechanic and charity commitments. Its upcoming $CATI token airdrop adds an exciting incentive for players. However, remember that participation in play-to-earn games involves risks. Always stay informed and cautious about your investments and gameplay activities.

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07/02/2024
Crypto Market Movers: Key Events to Watch This Week

This week, several major events are poised to impact the crypto market significantly. Key developments include the release of the Federal Open Market Committee (FOMC) meeting minutes, the launch of Etherfi’s airdrop Season 3, and several other crucial events that are likely to influence the decentralized finance (DeFi) sector and the broader crypto industry.   Quick Take The release of the Federal Open Market Committee (FOMC) meeting minutes and non-farm payroll figures for June are critical for the crypto market. Etherfi’s announcement of its ETHFI airdrop Season 3 is a major event for Ethereum network participants.  The unlocking of SUI tokens and other major tokens like ENA and DYDX is set to influence various token economies. FOMC Meeting Minutes and June NFP Data From the US  This week, the crypto market is bracing for several macroeconomic data releases, notably the FOMC meeting minutes and the non-farm payroll figures for June. Analysts expect 180,000 new jobs in June, keeping the unemployment rate at 4%, the highest since February 2022. May saw a gain of 272,000 jobs, initially boosting confidence about the economy despite signs of a slowdown.   Investor concerns about US economic momentum may grow with below-expectation numbers. June’s data revealed continuing unemployment claims at 1.84 million, a peak since November 2021, highlighting difficulties for job seekers. The focus will also be on the average hourly earnings growth, expected to decrease to a post-pandemic low of 3.9% year-on-year in June.   BTC Price Performance: Watch Liquidity Levels - $62.5k to $63.5k BTC/USDT price chart | Source: KuCoin    Analysts believe these insights will significantly impact Bitcoin (BTC) and the broader crypto market. According to crypto analyst CrypNuevo, Bitcoin has shown preliminary signs of potential market movements.   CrypNuevo observed two crucial liquidity areas of interest: between $62,500 and $63,500 (primary short-term liquidity zone) and around $67,100 (significant mid-term zone). Additionally, CrypNuevo noted an issue in the opposite direction involving a long wick, which will likely get filled to balance the open interest gaps.   “So I finally came up with this projection: Not necessarily for the week ahead, the time frame is more like 2-3 weeks. Impulsive moves up to liquidate high-leverage short positions and then drop back down to fill the 50% of the wick. Forming a potential accumulation range,” CrypNuevo wrote.   Read more: Bitcoin Price Rebounds Past $63,000: Will It Hit $70K in July?    Etherfi Announces ETHFI Airdrop Season 3 Etherfi, a protocol offering liquid restaking services on the Ethereum network, has announced details concerning its Season 3 ETHFI airdrop. Etherfi has committed to distributing 25 million ETHFI tokens. The allocation of these tokens will be based on each community member’s level of participation and engagement.   Season 3 kicked off on July 1 and is expected to run until the beginning of September. Following the end of the season, the airdrop distribution will take place.   SUI and Other Major Token Unlocks Ethena (ENA), the synthetic currency protocol on Ethereum, will unlock 14.89 million of its native token, ENA, dedicated to ecosystem development. These tokens represent 0.92% of ENA’s circulating supply and are worth approximately $7.62 million.   In addition to ENA, DYDX and SUI have also held token unlocks earlier this week.    Read more: DYDX, IO, SUI, and Other Major Token Unlocks to Watch in July 2024   zkSync Introduces Elastic Chain in 3.0 Roadmap zkSync, an Ethereum layer-2 (L2) network, has introduced a new “Elastic Chain” feature in its latest zkSync 3.0 roadmap. The v24 upgrade transforms zkSync into an Elastic chain from a single ZK chain. This Elastic Chain comprises multiple chains within the zkSync ecosystem, offering users the experience of using a single chain.   Matter Labs, the team behind zkSync, describes the Elastic Chain as an infinitely extensible network of ZK chains. These include rollups, validiums, and volitions. They are secured by mathematical proofs and seamlessly interoperable with a uniform, intuitive user experience.   Parcl’s Upcoming PRCL Staking Program Parcl, a real-world asset (RWA) tokenization protocol on the layer-1 blockchain Solana, will present its upcoming PRCL staking program this week. Staking will effectively unlock all participation in the Parcl ecosystem, including governance, existing and future protocol incentives, and Parcl Labs Data API access.   Epochs are a fundamental principle of time for staking, with one epoch equaling seven days. The first epoch will be announced shortly.   Zero1 Labs Reveals a New Community Program Zero1 Labs, a decentralized AI solution, has announced a major activation for the Zero1 community. This initiative, involving over 25 prominent communities, aims to further decentralize its native token, DEAI.   The new Community Program seeks to foster greater engagement within crypto communities and expand Zero1 Labs into the largest AI crypto community. It delivers exclusive rewards to new supporters by forming strategic alliances with top community projects.   Collaborating with well-known communities, Zero1 Labs offers users a chance to claim a share of a $2 million DEAI prize pool. Participants can earn rewards by engaging with the community and writing unique content about Zero1 Labs. They can enhance their chances of receiving more rewards by completing various social tasks, such as following on X, joining the Discord community, and discussing DEAI on X.   The Community Program will officially kick off on July 3, 2024. To ensure fair participation, snapshots of specific communities will be taken the day before the announcement. This snapshot will determine eligibility, giving participants limited time to engage in social activities and maximize rewards.   NATIX Token Launch and Listings NATIX Network will launch its token, NATIX, on July 2. On the same day, major crypto exchanges, including KuCoin and Gate.io, will list the NATIX token on their respective platforms.   This launch is anticipated to provide significant opportunities for traders and investors as it becomes available on prominent exchanges. NATIX is an AI-powered dynamic map supercharged by the decentralized physical infrastructure (DePIN) and driver community.   Conclusion This week’s news highlights significant milestones and potential market shifts in the crypto space. Investors should closely monitor the release of the FOMC meeting minutes and macroeconomic data, as they could impact Bitcoin and the broader market. Participating in Zero1 Labs' Community Program and Etherfi’s ETHFI airdrop Season 3 could offer lucrative opportunities. The launch of NATIX tokens and major token unlocks, like SUI and ENA, may present trading opportunities. Additionally, zkSync’s Elastic Chain and Parcl’s PRCL staking program could signal important developments in the DeFi sector. Stay informed, engage with these events, and be ready to act on emerging trends to maximize your investment potential.  

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07/02/2024
DYDX, IO, SUI, and Other Major Token Unlocks to Watch in July 2024

In July, several crypto projects, including dYdX, Sui, IO, and Galxe, will have token unlocks. As the trending projects in DeFi and Web3 applications, these token unlocks might impact the balance of supply and demand and affect the price of the involved tokens.   Quick Take Over 40 projects are set to release a combined total of $755 million in crypto assets as their vesting periods conclude.  Significant token releases include AltLayer's $125 million unlock, Xai's $93 million, and Aptos' $77 million, among others.  These events are critical to monitor for their short-term and long-term effects on market dynamics. What Are Token Unlocks?  Token unlocks refer to the release of previously locked tokens as their vesting period concludes. This mechanism prevents early investors and team members from selling large amounts of tokens immediately, thereby helping to maintain market stability during the early phases of a project.   Token unlocks will add more supply to the market circulation and increase selling pressure on digital assets, potentially putting downward pressure on their prices. While planned releases aim to avoid drastic market drops, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics.   According to Token Unlocks, around $755 million worth of crypto assets will be released in July. Here are the major token unlocks to watch as per a report on BeInCrypto:   dYdX (DYDX) Unlock Date: July 1Amount: 8.33 million DYDX dYdX, a decentralized exchange, is set to unlock 8.33 million DYDX tokens on July 1, 2024, part of a larger vesting schedule designed to gradually release tokens to investors and team members. This token unlock is part of a structured plan where 20% of the total tokens are being released in equal monthly installments from July 1, 2024, to June 1, 2025. The tokens will be distributed among the community treasury, rewards treasury, and liquidity providers, aiming to enhance the platform's decentralization and incentivize participation in the network's security and governance.    Read more: dYdX: A Beginner's Guide to the Decentralized Exchange   Sui (SUI) Unlock Date: July 1Amount: 64.19 million SUI Sui, a high-performance Layer-1 blockchain, will release a significant portion of tokens on July 1, 2024. These tokens are primarily allocated to its Series A and B participants, community reserve, and the Mysten Labs treasury. The Series A and B allocations specifically support early investors and contributors, while the community reserve and Mysten Labs treasury allocations aim to fund ongoing development and operational costs. These tokens will enhance liquidity and facilitate various on-chain activities, including staking, transaction fees, and governance voting, which are critical for the network’s functionality and security.    io.net (IO) Unlock Date: July 1Amount: 7.5 million IO   io.net will unlock 7.5 million IO tokens on July 1. The project aggregates underutilized GPUs from various sources, including data centers, crypto miners, and independent hardware networks, to create a decentralized pool of computational power. This setup offers significant cost savings and improved accessibility for ML tasks and other computationally intensive operations. The initial token supply was set at 95 million out of a total cap of 800 million tokens, with the current unlock contributing to increased liquidity and network growth. This structured token release is part of io.net's broader strategy to incentivize community engagement and secure its network, ultimately driving the adoption of its decentralized computing solutions.    Galxe (GAL) Unlock Date: July 5Amount: 3 million GAL Galxe, a platform focused on Web3 credential infrastructure, will unlock 3 million GAL tokens on July 5, 2024. These tokens are allocated to its foundation, team, and community, facilitating governance, staking, and access to premium features on the platform. The tokens' distribution is designed to enhance community engagement and secure the network through staking activities. This unlock follows a structured vesting schedule, aiming to maintain network stability and support the ongoing development of the Galxe ecosystem.   Hashflow (HFT) Unlock Date: July 7Amount: 13.62 million HFT Hashflow, a decentralized exchange designed for seamless cross-chain trading, will release 13.62 million HFT tokens on July 7, 2024. This token unlock represents 1.84% of the circulating supply and is part of a structured vesting schedule aimed at distributing tokens to early investors, the core team, and for community rewards. The release is designed to incentivize network participation, enhance liquidity, and support the platform's ongoing development initiatives.    Ethena (ENA) Unlock Date: July 7Amount: 14.89 million ENA Ethena, a synthetic currency protocol on Ethereum, is set to unlock 14.89 million ENA tokens on July 7, 2024. This token unlock is part of a broader strategy to support ecosystem development. Ethena, known for its synthetic stablecoin USDe, uses these tokens to promote decentralized governance, incentivize network participants, and enhance liquidity within its platform. The ENA tokens allocated for this unlock are intended to foster ongoing project development and ensure the protocol's sustainability. This scheduled release aims to bolster community engagement and maintain the platform's growth trajectory by distributing tokens across various stakeholders, including early contributors and development initiatives.    Xai (XAI) Unlock Date: July 9Amount: $93 million in tokens Xai, an emerging decentralized gaming ecosystem built on the Arbitrum network, will unlock $93 million worth of XAI tokens on July 9, 2024. This significant release is part of a broader strategy to support the project's ongoing development and ecosystem growth. The unlocked tokens are allocated to the team, investors, and reserves, with a focus on enhancing the project's infrastructure and fostering community engagement. Xai has recently gained attention due to a notable 40% price increase, reflecting growing interest and confidence in the token among the gaming community. This increase is partly fueled by a recent airdrop that distributed 125 million XAI tokens, worth approximately $70 million, to eligible users, further solidifying its market position and boosting its market cap to over $154 million.    Arbitrum (ARB) Unlock Date: July 16Amount: $75 million in tokens Arbitrum, a leading layer-2 scaling solution for Ethereum, is set to release $75 million worth of ARB tokens on July 16, 2024. This token unlock will distribute tokens primarily to team members, advisers, and investors as part of the project's structured vesting schedule. The release is significant, as previous token unlocks have shown substantial impacts on ARB's market price, leading to increased volatility and selling pressure. The community and market participants are closely monitoring this event due to its potential to influence short-term price dynamics and overall market sentiment.    Uniswap (UNI) Unlock Date: July 16Amount: 8.33 million UNI tokensValue: $77.88 million   Uniswap will unlock 8.33 million UNI tokens on July 16, 2024, adding to its already circulating supply of around 753 million tokens. This unlock is part of Uniswap's four-year vesting schedule, aimed at gradually distributing its total supply of 1 billion UNI tokens to community members, team members, investors, and advisors. This unlock is significant as it aims to promote decentralized governance and continuous development within the Uniswap ecosystem, which has a strong impact on its market dynamics.   Read more: What Is Uniswap Decentralized Exchange (DEX)?   Worldcoin (WLD) Unlock Date: July 24Amount: 6.62 million WLD tokens daily over 730 daysValue: Approximately $18 million per day Worldcoin (WLD), a project co-founded by Sam Altman of OpenAI, aims to establish the world's largest identity and financial network. Starting on July 24, 2024, Worldcoin will begin a significant token unlock, releasing 6.62 million WLD tokens daily over the next 730 days, valued at around $18 million per day. These tokens will be allocated to the community, the initial development team, and investors. The long-term release strategy is designed to support the project's growth, promote stability, and ensure broad distribution among users.    Read more: What Is Worldcoin (WLD), and How to Get It?    AltLayer (ALT) Unlock Date: July 25Amount: 684 million ALT tokensValue: Approximately $125 million AltLayer, a decentralized protocol focused on enabling interoperable blockchain ecosystems, will unlock 684 million ALT tokens on July 25, 2024. This release represents the largest token unlock for the month and constitutes around 27% of AltLayer's current market capitalization. The unlocked tokens are allocated across various categories including the team, investors, advisers, protocol development, treasury ecosystem, and community initiatives. The strategic distribution aims to support the project's continued growth and operational stability, fostering a robust ecosystem for decentralized applications and cross-chain integrations.    Ronin (RON) Unlock Date: July 27Amount: 35.71 million RON tokensValue: $76.32 million   Ronin, a blockchain protocol developed by Sky Mavis specifically for gaming applications like Axie Infinity, will unlock 35.71 million RON tokens on July 27, 2024. This release is significant due to its high value and the protocol's pivotal role in the gaming ecosystem. The RON tokens are allocated across several categories including the community, team, staking rewards, and the ecosystem fund. Sky Mavis, which owns 30% of the total RON supply, uses its allocation to support employee bonuses and shareholder contracts. The unlocked tokens are expected to enhance liquidity and incentivize participation in the network, contributing to the overall stability and growth of the Ronin ecosystem​.    Aptos (APT) Unlock Date: JulyAmount: 11.31 million APT tokensValue: $77 million   Aptos, a high-performance Layer-1 blockchain, will continue its scheduled monthly token releases with an upcoming unlock of 11.31 million APT tokens in July 2024, valued at approximately $77 million. These tokens are allocated to the Aptos Foundation, community initiatives, core contributors, and private investors. The project’s strategic token release plan is designed to support its growth and development while ensuring a gradual increase in the circulating supply. Despite the structured approach, previous token unlocks have had notable impacts on the market, contributing to short-term price volatility.    Read more: Top Crypto Projects and dApps in the Aptos Ecosystem   Optimism (OP), Immutable (IMX), and Starknet (STRK) Beyond the tokens unlocks listed above, crypto projects including OP, IMX, and STRK will unlock substantial amounts of their native tokens in July, continuing their regular monthly releases.   Optimism (OP): Known for its layer-2 scaling solutions on Ethereum, Optimism's monthly token unlocks aim to support its growing ecosystem and incentivize network participants. Immutable (IMX): Focused on scaling NFTs on Ethereum, Immutable regularly unlocks tokens to reward its ecosystem participants and fund development initiatives. Starknet (STRK): A layer-2 solution for Ethereum using ZK-rollups, Starknet's token unlocks are crucial for maintaining its development and operational incentives. These unlocks are essential for these projects as they ensure continuous development and reward early supporters while potentially increasing selling pressure on the market.    Conclusion July's token unlocks are set to significantly impact the crypto market, with substantial releases across various projects potentially influencing market dynamics. As these tokens are unlocked, there is likely to be short-term downward pressure on token prices due to increased supply and potential selling by early investors and team members. For instance, the unlocks on January 12, 2024, and December 12, 2023, led to price decreases of 17.94% and 14.10%, respectively. Similarly, the Sui (SUI) token unlock on May 3, 2024, which added 34% of its circulating supply, and the dYdX (DYDX) unlock in the same month, adding 11% to the circulating supply, both resulted in bearish impacts on their prices​.    While these unlocks are structured to support long-term project growth and ecosystem development, they come with inherent risks, including increased volatility and liquidity concerns. Investors should exercise caution and conduct thorough research to understand the specific dynamics of each project and the potential impacts of these token distributions.  

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07/02/2024
Polymarket's $200 Million Election Bet: Crypto Prediction Markets on the Rise

As the US Presidential election looms, Polymarket, a decentralized prediction platform on Ethereum and Polygon, is drawing significant attention. With over $200 million in wagers, the platform marks a crucial moment for cryptocurrency's integration into mainstream finance.   Quick Take Polymarket captures $200 million in wagers for the US Presidential election. June trading volume surpassed $111 million. Metrics on the Poymarket prediction market platform have seen a dramatic increase: the total value locked (TVL) has risen by 69% to $40.2 million, and active user numbers have grown by 115%. An Introduction to Polymarket Decentralized Prediction Market  Polymarket is a decentralized prediction market platform that allows users to place bets on the outcomes of various events using cryptocurrency. Operating on the Ethereum sidechain Polygon, it leverages blockchain technology to offer transparent and tamper-proof markets. Users can bet on binary outcomes, such as election results or sports events, by purchasing shares in the outcome they believe will occur. The platform uses oracles to resolve market outcomes, ensuring the results are based on verified data.   Read more: What Is Polymarket Prediction Market, and How Does It Work?    Polymarket’s Monthly Volume Crosses $111M in June  Polymarket’s monthly trading volume | Source: Dune Analytics    June saw Polymarket's highest monthly volume, surpassing $111 million. Analysts at Kairos Research predict the platform’s trading volume could exceed $1 billion by year-end. Total value locked (TVL) on the platform rose by 69% to $40.2 million, and monthly active users surged by 115% to 29,266. These metrics highlight the growing interest in decentralized prediction markets.   Polymarket’s TVL grows | Source: Token Terminal    Polymarket's Election Bets Cross $203M  Polymarket's "Presidential Election Winner 2024" market has attracted $203.3 million in bets. Donald Trump leads with a 62% probability of winning, followed by Joe Biden at 21%. Biden’s odds have dropped significantly since his debate performance on June 28, sparking further speculation on his potential withdrawal. The "Biden drops out of presidential race" market saw a spike, with $10 million in bets and a 50% probability as of June 30.   Yuga Cohler, a Coinbase executive, emphasized the importance of prediction markets, according to a report on BeInCrypto. "Prediction markets are the purest technological manifestation of liberal democracy. They take free markets and free speech as inputs and output truth. In an age when centralized control of information is a systemic risk, prediction markets offer a way of cutting through misleading narratives and viewing the unvarnished truth," Cohler said. This highlights the broader societal implications of decentralized prediction platforms like Polymarket.   Read more: Trending PolitiFi Tokens to Watch Before the US Elections   Polymarket Contradicts UMA on DJT Token Resolution In a recent controversy, Polymarket contradicted UMA Protocol’s resolution on Barron Trump's involvement with the DJT token. UMA Protocol, an optimistic oracle service, had determined "No" on a market betting whether Barron Trump was involved with the DJT token. Polymarket disagreed, stating, “We firmly believe that UMA got this resolution wrong.” They are working on a "near-term solution" to address the issue.   Bettors placed over $1 million on the market, according to Polymarket. UMA’s oracle operates to record verifiable truth or data for smart contracts, used for dispute resolution with decisions voted upon by token holders.   The DJT token, a Solana-based memecoin, has been surrounded by controversy. Entrepreneur Martin Shkreli claimed to co-create DJT, according to blockchain sleuth ZachXBT, who was awarded a $150,000 bounty for revealing Shkreli’s involvement. Despite these claims, the Trump campaign has yet to respond.  

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07/01/2024
Toncoin Price Prediction: Will It Hit $10?

Toncoin (TON) is showing upward price trends due to the rapid growth of crypto mini-apps like Hamster Kombat, TapSwap, and more emerging games on Telegram. With its integration into the Telegram ecosystem and a growing user base, Toncoin is well-positioned for future growth. In this article, we'll explore Toncoin's current performance, key metrics, and future price predictions.   Quick Take Toncoin boasts over 32 million active users on its network, with integration into Telegram driving this impressive user growth. The price of Toncoin has strong support levels at $7 and $7.36, backed by significant moving averages indicating a clear upward trend. Whales have shown strong interest, accumulating 45 million TON worth $346.5 million, and Toncoin has received regulatory approval for trading in Kazakhstan. The Total Value Locked (TVL) on the Toncoin network has reached $700 million, with a 113% increase in June, pointing to robust growth and increasing adoption.  Toncoin's integration with Telegram provides a substantial advantage, leveraging Telegram's massive user base to drive adoption and usage. This integration sets Toncoin apart from other cryptocurrencies, embedding it within a well-established ecosystem and enhancing its viability for widespread use.   Read more: Pantera Capital Eyes New Investment in Toncoin (TON): Bullish Outlook?   Toncoin Receives Regulatory Approval in Kazakhstan Toncoin recently received approval from the Astana Financial Services Authority (AFSA) for trading in Kazakhstan. While Kazakhstan may not be a major crypto market compared to the United States, this regulatory approval highlights Toncoin's growing global appeal and legitimacy.   TON’s User Base Surges to Over 32 Million Toncoin has seen remarkable user growth, with over 32 million active users on The Open Network (TON). This growth is largely attributed to its integration with Telegram, one of the world's most popular messaging apps. The synergy between Toncoin and Telegram provides a unique advantage, making Toncoin stand out in the crowded cryptocurrency market. The rising popularity of Telegram-based games, such as Notcoin, Catizen, Pixelverse, Blum, W-Coin, and more, could onboard more web2 users to web3 via the TON blockchain.    Read more: Telegram Launches Adsgram for Devs to Earn Toncoin Through Ads   Toncoin Price Shows Strong Support at $7 and $7.36 TON/USDT price chart | Source: KuCoin    Toncoin's price has been steadily rising, currently trading at $7.73. The coin has strong support levels at $7 and $7.36, which have held firm despite market fluctuations. Significant moving averages, including the 26-day, 50-day, and 200-day averages, indicate a sustained upward trend. This bullish momentum suggests that Toncoin is on a strong footing for future gains.   The volume profile for Toncoin shows steady trading activity, reflecting sustained interest in the coin. This consistent volume, coupled with the growing number of active users, points to a solid foundation for long-term growth. The Relative Strength Index (RSI) is around 58, indicating that Toncoin is in a neutral zone with room to rise before becoming overbought.   Whales Accumulate Over 45M TON in the Past Week  Whales have shown significant interest in Toncoin, with over 45 million TON purchased in the past week alone, valued at approximately $346.5 million. This accumulation by large investors underscores their confidence in Toncoin's future potential.   The Open Network (TON) TVL Touches $700M, Up 113% in June  TON DeFi TVL | Source: DefiLlama    Toncoin's Total Value Locked (TVL) has reached $700 million, marking a significant milestone. This 113% increase in TVL in June reflects robust growth and increasing adoption among market participants. The TVL metric is a crucial indicator of the health and stability of the TON ecosystem.   Read more: Toncoin Touches New ATH as TON TVL Surges 77% in June   Toncoin Price Prediction: $10 ATH Next?  Given Toncoin's current trajectory, analysts are optimistic about its future. If Toncoin can maintain its bullish momentum and break through the immediate resistance at $7.86, it could potentially surpass its previous all-time high of $8.24. Analysts project that Toncoin could reach the $10 mark in the long term, driven by continued growth in user adoption, integration with Telegram, and increasing investor interest.   Conclusion Toncoin is positioned for substantial growth, supported by its integration with Telegram, increasing user base, and strong market fundamentals. With consistent trading activity, whale accumulation, and recent regulatory approval, Toncoin's future looks promising. As the coin continues to build on its current momentum, the $10 price target appears within reach.   Toncoin's unique ecosystem, backed by Telegram's infrastructure, sets it on a promising path. Investors and users alike should keep an eye on Toncoin as it navigates the crypto market, potentially achieving new highs in the coming months.  

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07/01/2024
Bitcoin Price Rebounds Past $63,000: Will It Hit $70K in July?

Week 26 saw a significant decline in the crypto market, with Bitcoin shedding around 16% of its value. Bitvavo's detailed analysis attributes this downturn to a general atmosphere of uncertainty rather than specific events.   Quick Take  Bitcoin experienced a significant decline, losing 16% of its value in Week 26, attributed by Bitvavo to a general market uncertainty. Weekend trading volumes for Bitcoin have reached historic lows, and the impending Mt. Gox repayment could further increase selling pressure. On-chain indicators suggest profit-taking among investors, but Bitcoin's 200-day average remains stable, with potential bullish reversal targets at $64,770. Bitcoin's price has been stagnant recently, with investors closely monitoring inflation metrics and anticipating potential Federal Reserve actions. Analysts predict rough waters ahead, with several bearish indicators suggesting increased selling pressure in July.   Mt. Gox Repayments of 140,000 BTC Start in July  A significant bearish event in June was the announcement of Mt. Gox repayments. Starting in early July 2024, Mt. Gox will repay 140,000 BTC (worth around $9 billion) to its creditors. This long-awaited repayment follows a decade after the exchange's collapse. Analysts fear this distribution could lead to increased selling pressure, further impacting Bitcoin's price.   Read more: Will $10 Billion in Bitcoin Repayments From Mt. Gox Weaken BTC Price?   Bitcoin’s Weekend Trading Drops to 16% in 2024  Bitcoin's trading volume on weekends has dropped to its lowest level in history, according to TheBlock. In 2019, up to 28% of Bitcoin trading occurred on weekends; in 2024, this figure has fallen to 16%. Kaiko's report suggests that the launch of spot Bitcoin ETFs contributes to this decline, as ETF trading only occurs during the stock market's open hours on weekdays. Consequently, the last hour of market trading has become a popular time for Bitcoin trading.   The closures of crypto-friendly Signature and Silicon Valley banks in March 2023 have also influenced market dynamics, as per a news report on Cointelegraph. These banks operated 24/7 networks, allowing large buy and sell orders for crypto. Since their closures, market makers have been less inclined to provide liquidity in a low-volume environment.   Runes Activity Sees 90% Drop on Bitcoin Network Runes daily transactions on Bitcoin network | Source: Dune Analytics   Recent data from Dune Analytics reveals a dramatic decrease in activity for the Runes token standard on the Bitcoin blockchain, with daily transactions plummeting by over 88% from their peak in June. Between June 22-28, average daily Runes transactions dropped to 37,820, a 90% decline from the 331,040 recorded between June 9-15, and on June 24, transactions hit a low of 23,238, the lowest since the protocol’s launch on April 20, 2024.    This decline has significantly impacted Bitcoin miner fees, with Runes contributing less than 2 Bitcoin in fees over the past six days, down from 884 Bitcoin on April 24. The Runes protocol, created by Ordinals' Casey Rodarmor, was intended to efficiently create new tokens on the Bitcoin network, but recent data shows Runes transactions now account for only 4.9% to 11.1% of all Bitcoin transactions in the past week. The reduction in network fees, coupled with Bitcoin’s price decline, has led to a near-record low in Bitcoin’s hash price, a key indicator of miner revenue, and Bitcoin miner reserves have fallen to 1.90 million Bitcoin, the lowest level in over 14 years.   Increased Profit-Taking Among Bitcoin Investors?  Here’s a look at key on-chain indicators from a report in Cointelegraph and what they reveal about Bitcoin investors’ preferences:    Bitcoin’s 30-day average aSOPR | Source: Cointelegraph    Profit-Taking: On-chain indicators reveal increasing profit-taking among Bitcoin investors. The 30-day average of Bitcoin's Adjusted Spent Output Profit Ratio (aSOPR) has risen from 1 to 1.03 since May, indicating more investors are selling at a profit. This trend often precedes market corrections. Net Unrealized Profit and Loss (NUPL): The NUPL metric suggests potential upside exhaustion among Bitcoin buyers. A NUPL reading over 0 indicates investors are in profit, with an increasing trend hinting at a market correction. Currently, the 30-day average NUPL stands at 0.54. Increased Bitcoin Ownership: Glassnode data shows a consistent rise in the number of wallet addresses holding at least one Bitcoin. Over a million wallets now hold at least one Bitcoin, supporting a bullish outlook. Read more: Bitcoin’s Price Plummets to $61,000: Key Factors Behind the Recent Decline   Bitcoin Technical Analysis: Bullish Reversal to $64,770 or Drop to $56,000?  BTC/USDT price chart | KuCoin    Bitcoin's 4-hour chart indicates a possible breakdown of a bull pennant. This pattern, formed during a price consolidation following a strong downward move, suggests a potential drop to around $56,000 if the lower trendline is breached. Conversely, a bullish reversal could target $64,770 if Bitcoin breaks above the 50-4H EMA at around $61,925.   Bitvavo's Bitcoin Price Prediction: Breakout Past $76,000 on the Cards?  Bitvavo highlights that Bitcoin's drop to $57,000 marks the second time it has reached the bottom of a price range that has persisted for nearly four months. This consolidation period mirrors that observed last summer, with Bitcoin's price stabilizing for over half a year. Despite recent fluctuations, Bitcoin remains above its 200-day long-term average. Bitvavo predicts a potential breakout above $76,000, albeit with caution given the market's unpredictability.   The recent decline in Bitcoin's value is attributed to a global atmosphere of uncertainty. Investors face mixed economic signals and unpredictable market movements, leading to increased concerns and volatility. This nervousness underscores the importance of thorough market analysis and a thoughtful investment strategy.   Other Analyst Predictions for BTC Indicate Gains   Quinten Francois, an analyst and trader, predicts a 2016-2017 style bull run for Bitcoin, fueled by gains observed in previous post-halving cycles. Another analyst, @therationalroot, identifies Q3 as a crucial period for Bitcoin price gains.   Conclusion The last week of the first half year, week 26, of 2024 highlighted the volatile nature of the crypto market, with significant factors influencing Bitcoin's price movements. While bearish indicators suggest potential challenges ahead, the long-term outlook remains cautiously optimistic, with analysts predicting possible bullish reversals and significant gains in the upcoming months.  

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Top 3 Cryptos to Watch This Week: All Eyes on XRP, Ethereum, and Solana

Discover the top cryptocurrencies to watch this week, including XRP, Ethereum, and Solana. XRP shows signs of a possible reversal, Ethereum maintains stability with strong fundamentals, and Solana is fighting for growth with positive developments and increasing trading volume. Learn about their current trends, potential reversals, and key indicators driving their price movements.   Quick Take Trading at $0.4721 with support at $0.47 and resistance at $0.499, XRP's low trading volume and RSI around 41 suggest a potential reversal.  Steadily trading around $3,400, Ethereum shows long-term bullish indicators, maintaining above the 200-day moving average.  Solana, maintaining around $150, saw a 50% trading volume jump to $1.68 billion, with Blockchain links (blinks) and 200-day EMA support at $130 indicating potential bullish momentum. XRP Price Show Signs of a Reversal, What’s Next?  XRP/USDT price chart | Source: KuCoin    According to analysis by U.Today, XRP has traded under pressure with the price remaining mostly unchanged around $0.47, but signs suggest a possible reversal. Currently, XRP is in a phase where not many people are selling, and almost no one is buying. The chart shows difficulty in increasing value over the past few months, with minimal trading activity.   The low volume indicates that neither buyers nor sellers are taking large positions. However, a spike in volume could signal renewed interest, potentially raising the price.   With an RSI of approximately 41, XRP is in the lower neutral zone. This suggests room for growth before overbought conditions. If the RSI rises above 50, it would indicate increased buying pressure and a potential new uptrend.   Despite recent declines, XRP's fundamentals remain strong. The resolution of Ripple's legal dispute with the SEC could positively impact XRP's price. Ripple's ongoing partnerships and technological advancements provide a solid foundation for future growth.   XRP: Key Levels to Watch  Monitoring these levels can help identify potential entry and exit points as the market conditions change.   Support Level: $0.47 Critical Support Level: $0.466 Resistance Level: $0.499 Critical Resistance Level: $0.50 Downside Risk Level: $0.43 If the price breaks below $0.466, it may trigger a sell-off towards $0.43. Conversely, a bullish reversal could drive prices to the next significant level around $0.499.   Spot Ethereum ETFs to Take ETH Price to $6,500?  Steno Research predicts net inflows of $15-20 billion into Ether spot ETFs in the first 12 months. Ether's price is expected to hit $6,500 later this year due to strong ETF inflows and other positive factors. Galaxy Research estimates $5 billion of net inflows to spot Ethereum ETFs in the first five months, while Bitwise expects $15 billion in the initial 18 months.   The crypto market is optimistic about the imminent launch of spot Ether ETFs in the U.S. Steno Research forecasts a net inflow between $15 billion and $20 billion in the first 12 months. This should drive Ether's value higher, both in dollar terms and relative to Bitcoin.   Read more: Spot Ethereum ETFs by July? SEC Chair Gensler Confirms Progress on Approval   Ethereum Technical Analysis: ETH Holds Above $3,370  ETH/USDT price chart | Source: KuCoin    Ethereum has been actively trading around $3,400, showing signs of both strength and concern. The chart indicates that Ethereum has maintained above the $3,370 mark, closely resembling the 100-day EMA. This level has stabilized the price amid recent market turbulence.   Trading volume has been inconsistent, yet the steady interest at current prices is noteworthy. A spike in volume might indicate a strong move in either direction.   Ethereum's RSI is around 43, pointing to potential upward movement before overbought conditions. If the RSI moves closer to 50, it would provide additional proof of bullish momentum.   Long-term trend indicators, the 26-day and 200-day EMAs, show Ethereum trading above the 200-day moving average, a bullish signal. However, it remains below the 50-day EMA, indicating some short-term pessimism.   Market sentiment heavily influences Ethereum's price action. Despite a few negative signs, the overall trend remains positive. Continuous network upgrades via Ethereum 2.0 developments, increased staking activity, and growing user adoption strengthen Ethereum's fundamentals, suggesting potential price increases.   Solana Gains Over 16% in a Week  Solana has seen a spike in price amid fresh applications for exchange-traded funds tracking its spot price in the U.S. Solana's trading volume jumped 50% to $1.68 billion, becoming the third-most traded cryptocurrency, excluding stablecoins.   Solana’s weekly gains increased to 16.59%, driven by applications for spot ETFs. After VanEck and 21Shares filed for such investments, Solana's price saw a boost.   Read more: VanEck Files for First Solana ETF in the U.S.: A Potential Game Changer?   Solana Technical Analysis: SOL Facing Strong Resistance at $150  SOL/USDT price chart | Source: KuCoin    Solana has been battling for the $150 threshold recently. Positive fundamental developments, like the introduction of Blockchain links (Blinks), haven't significantly moved the asset's price.   Read more: Solana ‘Blinks’ and ‘Actions’ Bring Crypto Trading to Social Media Feeds   To verify a bullish reversal and pursue the $150 target, Solana needs to close above multiple moving averages. Recently, Solana found support at the 200-day EMA around $130. Numerous tests of this level indicate significant buying interest.   The volume profile shows mixed signals. While some trading activity is present, there's not enough to indicate strong bullish momentum. An increase in volume would signal growing confidence in Solana's price action.   Solana's RSI is around 50, suggesting potential for positive movement. Bulls would benefit from an RSI move above 50.   Economic Events That Might Impact Market Sentiment This Week:  Several key macroeconomic events could influence crypto prices this week:    The Federal Reserve's June meeting minutes, set to be released on July 3, will provide insights into the Fed's decision-making process, especially regarding interest rates. A hawkish stance could weigh on the crypto market, while prolonged rate stability could support crypto prices.  Multiple U.S. job data releases for May and June will offer a comprehensive view of employment trends, where higher-than-expected job openings and employment figures could signal economic strength but may also raise inflation concerns, impacting crypto market sentiment. The release of U.S. trade deficit data for May on July 3 could signal economic challenges if the deficit widens, potentially deterring investment in high-risk assets like cryptocurrencies.  The implementation of MiCA crypto rules in the EU, starting June 30, will create a comprehensive framework for crypto trading in Europe, potentially causing short-term volatility but aiming for long-term stability.  Additionally, Fed Chair Jerome Powell's participation in discussions at the ECB Forum on Central Banking in Portugal on July 2 will provide insights into the Fed's outlook on inflation, interest rates, and global economic trends, impacting market sentiment. Conclusion This week, XRP, Ethereum, and Solana are the top cryptos to watch due to their unique market positions and potential for significant price movements. XRP shows signs of a potential reversal with low trading volume and an RSI around 41, suggesting room for growth. Ethereum remains stable with strong fundamentals, including anticipated ETF inflows of $15-20 billion and maintaining a bullish stance above its 200-day moving average. Solana, maintaining around $150, has seen a 50% jump in trading volume to $1.68 billion, bolstered by positive developments like Blockchain links (Blinks) and strong support at the 200-day EMA.   As always, keep an eye on market trends and indicators for the latest updates and potential investment opportunities.  

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