Bitcoinsistemi

The CEO of cryptocurrency analysis company Alphractal, Joao Wedson, predicts a surge in the altcoin market starting from June to July, peaking in August and September, with a warning for October and November about reaching all-time highs but entering a distribution phase. Wedson believes altcoin season has begun for some tokens, indicating a diminishing influence of Bitcoin on the market.

The South Korean Financial Services Commission (FSC) announced that civil society organizations and virtual asset exchanges can conduct cryptocurrency sales within legal frameworks. The regulations aim to prevent money laundering and ensure transparency in transactions.

An ancient crypto whale from Ethereum's first ICO continues selling ETH after waking up from a long slumber, with recent sales totaling millions of dollars. This whale bought the coins for a fraction of the selling price during the initial coin offering, sparking criticism of Ethereum's distribution fairness.

Upcoming developments in the cryptocurrency space highlighted by DeFi Investor include Ethereum's Pectra upgrade, Sonic Summit event, Polkadot's new application, Hyperliquid's fee system, Fed interest rate decision for Bitcoin, Berachain lockup, Coinbase earnings call, and Conflux token burning vote.

The cryptocurrency market had a mixed week with Bitcoin rising while most altcoins, except Ethereum, saw losses. The upcoming week is filled with economic developments and altcoin activities. Summary: Cryptocurrency market saw fluctuations; upcoming week full of events and updates.

Developers of the new meme coin POPE made $1 million within two hours of launch. Concern arose as they sold 5.8 million POPE tokens right after release, profiting $688k. POPE's value dropped to $0.083 from a peak of $0.286.

A major crypto whale sold a large amount of TRUMP tokens resulting in a $760,000 loss. It's speculated that panic selling followed a sudden price drop of 12%. The whale sold all TRUMP tokens, keeping only USDC stablecoin in the wallet.

In Arizona, Governor Katie Hobbs vetoed a bill proposing to invest some public assets in Bitcoin due to the risks associated with cryptocurrencies, ending the state's initiative to establish a digital asset reserve.

MakroVision's latest technical analysis on **Solana (SOL)** suggests the cryptocurrency is at a crucial resistance point. Breaking above $159 is seen as key for a sustainable uptrend. Potential targets include $170-$188 on a successful breach. $146 and $136 are highlighted as important support levels in the short term.

Alphractal analyzed reasons for low on-chain activities despite Bitcoin's price exceeding $95,000. Factors include external influences on price, low volatility impacting investor motivation, artificial exchange volumes, and shift of speculative activities to other networks. They suggest Bitcoin is now viewed more as a financial asset than a blockchain technology, weakening the connection between on-chain usage and price.

Stuart Alderoty, Ripple's CLO, discussed withdrawing the appeal in the SEC case and highlighted the need for clear crypto regulations in the US to foster innovation. He emphasized the importance of smart crypto regulations to protect consumers, ensure market integrity, and facilitate innovation.

The analyst known as il Capo predicts a local peak for Bitcoin around $96,000 to $98,000, while favoring Ethereum in terms of bullish performance. He also mentions growth potential for Solana and other altcoins. Despite previously advocating a bear market, il Capo now suggests a possible new bullish movement if Bitcoin remains above $92,000.

The developers of the memecoin MELANIA, launched by Melania Trump, have continued to make significant sales in the past eight days, totaling around $23 million, while the TRUMP token has relatively better market standing. Both coins are highly speculative and lack real-world utility.

Senator Cynthia Lummis supports a groundbreaking proposal for the US to create a strategic Bitcoin reserve by purchasing one million BTC, as suggested by President Donald Trump to redefine the country's economic future. Lummis sees this initiative as not only a hedge against inflation but also a bold step towards modernizing the US financial system, describing Bitcoin as a fantastic new ledger-based asset that can enhance security and service global needs. She highlights the broader social impacts and the opportunity for hardworking people worldwide to benefit from this innovation, emphasizing America's leadership in its implementation.

Elon Musk recently responded with an emoji to a Grok Tweet mentioning memecoins Gork and Retard Finder. It's important to note these memecoins are high-risk and not affiliated with Musk. Many similar memecoins are fake and scams.

Pi Coin (PI) announced a new wallet activation feature to expand access to the Pi Mainnet ecosystem, facilitating user participation. The feature allows verified users to activate their wallets on the Mainnet blockchain, enhancing inclusivity. The process is streamlined, enabling interaction with the ecosystem before full migration, benefiting millions of users.