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Price analysis 6/17: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

Coin Telegraph
Price analysis 6/17: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
ada

Bitcoin is facing intense selling pressure, but charts suggest strong support at $64,500 and again at $60,000.

The S&P 500 Index (SPX) has been trading near its all-time high, but Bitcoin (BTC) has gradually given up ground in the past few days. This suggests that supply exceeds demand in Bitcoin. According to Farside Investors data, spot Bitcoin exchange-traded funds have seen outflows for four of the five days since June 10. 

However, analysts point out that long-term investors have not panicked and continue buying. Market intelligence firm Santiment shows that the number of wallets with 10 BTC or more has hit 16.6 million, the highest level since June 2022.

Although Bitcoin looks weak in the near term, it remains stuck inside a range and is likely to witness buying at the support. The longer the time spent in a range, the greater the force needed for the price to break out from it.

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US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

Decentralized ID is the next ‘killer’ Web3 use case: Cardano sustainability lead

Coin Telegraph
Decentralized ID is the next ‘killer’ Web3 use case: Cardano sustainability lead
bitcoin adoption

Blockchain needs more non-speculative use cases to onboard the next billion mainstream users.

Decentralized identity (ID) solutions could be the next blockchain use case to onboard the next wave of mainstream adopters, according to Cardano’s sustainability lead.

Speaking during a panel discussion at the Web3 Corporate Innovation Day, Cardano’s Alexandre Maaza said blockchain technology still lacks robust use cases to attract the next generation of blockchain adopters.

However, the emergence of blockchain-based decentralized identity solutions could provide the next “killer” use case to attract millions of new users. Maaza said the Cardano Foundation believes that Web3 still lacks a “killer, scalable use case” that is relevant for businesses and people:

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US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

Cardano About To Witness ‘Most Significant Milestone’ As It Gears Up for Chang Hard Fork: Charles Hoskinson

The Daily Hodl
Cardano About To Witness ‘Most Significant Milestone’ As It Gears Up for Chang Hard Fork: Charles Hoskinson
ada
Cardano About To Witness ‘Most Significant Milestone’ As It Gears Up for Chang Hard Fork: Charles Hoskinson

Cardano (ADA) co-founder Charles Hoskinson is outlining the timeline for the layer-1 blockchain’s Voltaire phase, the fifth stage of the 11th-largest crypto asset’s roadmap. Hoskinson says that a new Cardano node which will usher in two Chang upgrades is ready for deployment. The first Chang upgrade, Chang Upgrade 1, will introduce governance features on Cardano […]

The post Cardano About To Witness ‘Most Significant Milestone’ As It Gears Up for Chang Hard Fork: Charles Hoskinson appeared first on The Daily Hodl.

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US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

Price analysis 6/10: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

Coin Telegraph
Price analysis 6/10: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
ada

Bitcoin and several altcoins are likely to be influenced by the upcoming macroeconomic events this week.

Two macroeconomic events could boost Bitcoin’s (BTC) volatility this week. The Federal Reserve’s press conference following the rate decision and the Consumer Price Index (CPI) data, both due on June 12, could help Bitcoin break out from its tight range. 

Investors anticipate the breakout to the upside, which could explain the solid buying last week. CoinShares weekly fund flows report on June 10 shows more than $2 billion in inflows into digital asset investment products. That increased the digital investment product’s five-week total inflows to $4.3 billion.

Bitcoin ETFs acquired 25,729 Bitcoin between June 3 and 7, a tad lower than the 29,592 Bitcoin bought in May. The purchase in the first week of June was equivalent to roughly two months’ worth of mining supply, showing demand overtaking supply.

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US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

Cardano’s Voltaire era nears with June hard fork milestone

Coin Telegraph
Cardano’s Voltaire era nears with June hard fork milestone
ADA cryptocurrency

Chang will be the first hard fork in the final era of Cardano’s roadmap, introducing community-run governance and on-chain community consensus.

Charles Hoskinson, creator of the open-sourced blockchain platform Cardano, anticipates a major event in June in the Cardano ecosystem.

On June 9, Hoskinson announced on X that Cardano’s upcoming Chang fork is approaching quickly and that Cardano Node will likely reach version 9.0 this month.

That means the Cardano blockchain is ready for the hard fork and is now waiting for 70% of stake pool operators (SPO) to install the new node.

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Stablecoin Sprint: USDS Rockets 63%, PYUSD Skyward 49% in 30-Day Supply Climb

Stablecoin Sprint: USDS Rockets 63%, PYUSD Skyward 49% in 30-Day Supply Climb

Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine Province

Bitcoin.com
Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine Province
Argentina
Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine ProvinceWelcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano partners with an Argentine province, and Argentina launches a VASP registry. Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under […]
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US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

Hoskinson Laments the Disconnect Between Public Perception of Cardano and Its Fundamentals

Bitcoin.com
Hoskinson Laments the Disconnect Between Public Perception of Cardano and Its Fundamentals
bitcoin.com
Hoskinson Laments the Disconnect Between Public Perception of Cardano and Its FundamentalsThe Cardano blockchain co-founder, Charles Hoskinson, has expressed frustration over what he perceives as a disconnect between the public perception of Cardano—shaped by influencers and media—and the project’s actual progress and fundamentals. Hoskinson highlighted technological advancements such as Hydra, the development of partner chains, and many community events as some of Cardano’s achievements. Despite these […]
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US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

Ripple CEO Expects SEC to Approve Spot XRP ETF Next Year

Bitcoin.com
Ripple CEO Expects SEC to Approve Spot XRP ETF Next Year
bitcoin.com
Ripple CEO Expects SEC to Approve Spot XRP ETF Next YearRipple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs next year, reiterating that they are inevitable. The executive discussed cryptocurrency regulations in the U.S., highlighting the SEC’s shift towards pragmatism after losing court battles. XRP ETFs Likely Approved Next Year, Ripple’s CEO Says Ripple CEO Brad […]
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US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

Cardano, Shiba Inu and One Ethereum-Based Altcoin Witness ‘Exploding’ Whale Activity, Says Santiment

The Daily Hodl
Cardano, Shiba Inu and One Ethereum-Based Altcoin Witness ‘Exploding’ Whale Activity, Says Santiment
ada
Cardano, Shiba Inu and One Ethereum-Based Altcoin Witness ‘Exploding’ Whale Activity, Says Santiment

A handful of crypto assets have been witnessing “exploding” whale activity amid an uptick in digital asset prices this week, according to the analytics firm Santiment. Santiment notes on the social media platform X that the smart contract platform Cardano (ADA), the memecoin Shiba Inu (SHIB) and the Internet of Things (IoT) project Jasmy (JASMY) […]

The post Cardano, Shiba Inu and One Ethereum-Based Altcoin Witness ‘Exploding’ Whale Activity, Says Santiment appeared first on The Daily Hodl.

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US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

Price analysis 6/7: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAX

Coin Telegraph
Price analysis 6/7: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAX
Avalanche

Solid buying in spot Bitcoin ETFs suggests that traders anticipate a breakout to the upside over the coming days.

Traders have been eagerly waiting for Bitcoin (BTC) to break out of its range, but that has not yet happened. The longer the price remains inside the range, the greater the force needed for the breakout. A bullish sign is that the spot Bitcoin exchange-traded funds have witnessed net inflows for 19 days in a row. This shows solid buying in anticipation of the resumption of the uptrend. 

Other than Bitcoin ETFs, firms are also directly investing in Bitcoin. A June 6 S-3 filing by Nasdaq-listed medical manufacturer Semler Scientific shows that it owns 828 Bitcoin, having purchased its first lot of 581 Bitcoin on May 28. The firm said it has kept its options open to raise an additional $150 million of debt securities, primarily for general corporate purposes, including Bitcoin purchases.

In addition to the growing demand for Bitcoin ETFs, the institutions seem to be showing interest in investing in altcoins. According to a June 6 report from The Information, asset manager Franklin Templeton is considering a private fund that will expose institutional investors to altcoins.

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US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

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