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Crypto guru Willy Woo predicts Bitcoin short squeeze to all-time high

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With the cryptocurrency market sentiment turning bullish and leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) posting solid gains in the past 24 hours, the race to new all-time highs has begun. Bitcoin added 6.06% to its value the previous day, propelling it above the $70,000 threshold for the first time in over a month. Due to the short squeeze , experts believe the new all -time high for the flagship crypto is approaching, as traders who had bet against Bitcoin are forced to buy back their positions, further driving up the price. In the past 24 hours, a sudden decrease in the number of short BTC positions has been noted. The number fell from 291 BTC to just 165, meaning that almost half of the short positions were liquidated with Bitcoin’s rapid price increase, leading to a cascade of buy orders as they rushed to cover their shorts. Picks for you
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BTC Climbs Above $68,000: Why Is Bitcoin Up Today?

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Over the last 24 hours, Bitcoin (BTC) has ascended above the critical $68,000 level. Indeed, the leading cryptocurrency has seen its value surge by more than 2%, according to CoinMarketCap. Yet, with the recent surge, the market is curious as to why BTC has surged to start the week. A myriad of factors come into play to explain the overall surge that BTC has enjoyed on Monday. Moreover, the overall market has seen positive performances across the board as May heads toward Memorial Day weekend. Specifically, assets like Solana, Ethereum, and Cardano have enjoyed notable rallies over the last 7 days. But let’s explore if the market is responsible for propelling Bitcoin to its current resurgence. JUST IN: $68,000 #Bitcoin — Watcher.Guru (@WatcherGuru) May 20, 2024 Also Read: Bitcoin: ChatGPT-4o Sets BTC Price for the End of 2024 BTC Breaks Through $68,000 as Market Surges At the start of the year, Bitcoin saw the US Securities and Exchange Commission (SEC) appr
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TRON Slips But Recovers Above The $0.124 Support Level

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May 19, 2024 at 12:56 // Price Author Coin Idol The price of TRON (TRX) is currently moving above the moving average lines after reaching resistance at $0.128. Price Analysis by Coinidol.com. Long-term forecast for the  TRON price: bullish Since April 19, the price of TRON has risen, making higher highs and lower lows along the way. The current rise is expected to reach its highs of $0.135 and $0.14, although the altcoin has retreated above the moving average lines. Currently, TRON is hovering above the 21-day SMA support. The current rise will continue if
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Top Crypto Gainers Today May 18 – Reserve Rights, 0x, Gnosis, SSV Network

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As of today, with the total crypto market capitalization at $2.44 trillion, Bitcoin’s price has risen by 1.51% in the last 24 hours, reaching $66,820. This increase brings its market cap to $1.32 trillion. Bitcoin’s dominance is 53.92%, highlighting its significant influence in crypto. However, the Bitcoin market remains complex and nuanced, with traders reacting to economic data and hedging strategies. A notable bearish sentiment persists despite a breakout above $66,000 post-CPI inflation report. Investors are paying premiums for short-term downside protection , reflecting caution and market uncertainty. Moreover, four distinct tokens have surged impressively amidst this market activity today. Continue reading for more insights. Biggest Crypto Gainers Today – Top List Today’s top crypto gainers represent diverse niches within the cryptocurrency market. Reserve Rights surged by 20.63%, focusing on stablecoin over-collateralization and governance. 0x experienced a remarkable increa
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Binance Aids Taiwan in Cracking a $6M Money Laundering Ring

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Source: Binance Recently, Binance’s Financial Crimes Compliance (FCC) department collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to crack a significant money laundering case involving nearly NT$200 million (approximately US$6 million). The criminals employed fake remittance documents, counterfeit identification information, and manipulated customer communication records to give the appearance of legitimate transactions. Binance’s Crucial Role Binance’s blockchain expertise and intelligence were instrumental in helping Taiwanese law enforcement trace and track suspicious cryptocurrency transactions. The FCC teams provided insights based on cryptocurrency flow analyses, effectively narrowing down the circle of suspects. Binance responded swiftly to requests from law enforcement, setting up a cross-border online meeting with the investigating officers and prosecutors to discuss collaborative strategies.
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NotWifGary Meme Coin Will Stand Against Gary Gensler And The SEC

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A group of crypto community members have joined forces to create a decentralized meme coin called NotWifGary (NWG) to battle the Securities and Exchange Commission (SEC) and its chair, Gary Gensler. Through the launch of the token, the team aims to stand their ground “against Gary Gensler and the SEC,” according to a May 15 X post on the project’s official account. “NotWifGary [$NWG] will be a memecoin, more specifically a CultureCoin. It will go live in the most decentralized way with a truly fair launch.” Both the Commission and its Chair, Gary Gensler, have been “unlawfully threatening digital property by attacking Ethereum and open-source developers,” the post added. NotWifGary Not Launched Yet, Seeking Donations NotWifGary has not been launched yet. The project’s website states that the meme coin “champions maximal decentralization,” and will rely mainly on ETH contributions from the community. With no specific date for the launch specified, donations towards the initiativ
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Top Meme Coins To Buy Today Thursday, May 16 – LiteDoge, Catgirl, Dogeverse, Froggies 

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Weeks after the Bitcoin-halving bull run, investors are actively expanding their portfolios. However, there seems to be a delay in the expected bull run as major altcoins are declining. Notably, meme tokens are experiencing upward trends. Insidebitcoins has curated a selection of promising coins in this regard. Through comprehensive Analysis , we delve into their tokenomics, use cases, and partnerships. We also evaluate other key Features contributing to their appeal as investment prospects. Top Meme Coins to Buy Now Today, Froggies, Catgirl, LiteDoge, and a handful of meme coins posted remarkable prices. Their values have remained in the green zone as the week winds down. These meme tokens are also making notable progress despite the market gloom. Furthermore, Dogeverse’s presale offering has surpassed $15 million. As it nears its launch date, it continues to see a growing market interest. This sentiment signals a potential opportunity for investors to enter the presale now at
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Analyst Says Ethereum Rival Mirroring Memecoin That Just Printed New All-Time High, Updates Outlook on Altcoins

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A crypto strategist thinks that an Ethereum (ETH) challenger is following in the footsteps of a red-hot memecoin that just hit a fresh record high. Pseudonymous analyst Credible tells his 393,500 followers on the social media platform X that the market structure of layer-1 protocol Near (NEAR) looks similar to Pepe’s (PEPE), a memecoin that printed a new all-time high in the last 24 hours. “Looks identical to PEPE and with my expectation of some relief across the board here I think dips are for buying, targeting the highs. I’m long as of last night.”  Source: Credible/X Looking at the trader’s chart, he seems to be targeting $9 for NEAR with invalidation at $5.72. At time of writing, NEAR is trading for $7.03, suggesting an upside potential of nearly 30% if the altcoin hits Credible’s target. But while Credible is bullish on NEAR, he says his sentiment does not extend to Pepe and large-cap altcoins. The analyst says that Pepe and major altcoins are inching tow
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New leader in Public Goods technology: Dora Factory's million-dollar gambit

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Author: Chris Lee A major event in the Cosmos ecosystem is the recent passing of Governance Proposal №917: a request by Dora Factory and DoraHacks for a $1 million grant fund from the Cosmos Hub community treasury. This grant will support ten rounds of Quadratic Funding community donations within the Cosmos Hub ecosystem over the next two years. As one of the largest treasury funding applications, this proposal sparked extensive discussions within the Cosmos community and received overwhelming support. Over $1 billion worth of ATOM voted in favor, including major validators like SG-1, Chorus One, P2P, Zero Knowledge Validator, Everstake, and core Cosmos contributors such as Informal Systems, Keplr, and Cosmostation. The approval rate reached 91.6%, making Gov Proposal 917 the motion with the highest approval rating in the history of the Cosmos Hub. Following the approval of this proposal, Dora Factory, in collaboration with DoraHacks, has officially announced the second AEZ (ATOM Econo
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Upwood.io Launches First Security Token Offering, Revolutionizing Forest Asset Investments

Upwood.io, a leader in blockchain-driven environmental initiatives, is excited to announce the launch of its first security token offering. This milestone allows investors to purchase tokens backed by tangible forest assets, promoting ecological sustainability and financial inclusion. Upwood.io has strategically chosen a 16.5-hectare forest plantation for its inaugural tokenization project, leveraging blockchain technology to ensure transparency, security, and efficiency in forest asset trading. By tokenizing these assets, Upwood.io enables fractional ownership, making it possible for a wider range of investors to engage in environmentally responsible investments previously accessible only to large-scale investors or industry specialists. This tokenization not only democratizes investment in forest assets but also aligns with sustainable environmental goals through the generation of carbon credits, derived from the forest’s role in carbon sequestration. These cr
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