Lypp (2024)

13/06/2023

US headline inflation slowed to 4% in May, its lowest annual level since March 2021, increasing the chances that the Federal Reserve (Fed) will pause interest rate hikes at Wednesday’s meeting. Month-on-month headline Consumer Price Index (CPI) rose 0.1%, falling 0.3% short of analysts’ estimates, further strengthening the rate pause narrative. Price Pressures in PCE and Core CPI Suggest July Hike…...

US headline inflation slowed to 4% in May, its lowest annual level since March 2021, increasing the chances that the Federal Reserve (Fed) will pause interest rate hikes at Wednesday’s meeting. Mon…

13/06/2023

NFT liquidity has taken a dive as marketplaces fight fiercely for a smaller pooler of traders and investors. In response to the trends, some marketplaces are offering incentives to keep traders on their platforms. Will it work? NFT liquidity refers to the ease and availability of buying and selling non-fungible tokens (NFTs) in the market. When NFT liquidity is high, willing buyers and sellers are plentiful, facilitating smooth and active transactions. ...

NFT liquidity has taken a dive as marketplaces fight fiercely for a smaller pooler of traders and investors. In response to the trends, some marketplaces are offering incentives to keep traders on …

13/06/2023

On June 6, Chainlink (LINK) price hit a three-year low of $5.06. After ending two-consecutive months in the red, LINK appears to have found a bottom at $5. With whales now looking to scoop the dip, what are the chances Chainlink will enter a bullish price reversal in the coming weeks? Over the past few days, Chainlink has witnessed a significant surge in…...

On June 6, Chainlink (LINK) price hit a three-year low of $5.06. After ending two-consecutive months in the red, LINK appears to have found a bottom at $5. With whales now looking to scoop the dip,…

13/06/2023

The co-founder of MicroStrategy and noted Bitcoin maximalist, Michael Saylor, believes the only way for Bitcoin is up. In a recent interview with Bloomberg Crypto, he was just as dismissive of altcoins as ever. Saylor pulled no punches in his Bloomberg interview on Tuesday. He opened his comments by confirming that MicroStratgy sees Bitcoin as the “only institutional grade investable asset in the crypto space.”...

The co-founder of MicroStrategy and noted Bitcoin maximalist, Michael Saylor, believes the only way for Bitcoin is up. In a recent interview with Bloomberg Crypto, he was just as dismissive of altc…

13/06/2023

The S&P 500 Index (SPX) broke through long-term resistance today and reached its highest level in more than a year. If a positive correlation with the Bitcoin price is recovered, this could signal a resumption of the uptrend in the cryptocurrency market. What Is the S&P 500? The Standard and Poor’s 500, or simply the S&P 500 (SPX), is a stock market index that tracks the performance of the 500 largest companies listed on stock exchanges in the United States....

The S&P 500 Index (SPX) broke through long-term resistance today and reached its highest level in more than a year. If a positive correlation with the Bitcoin price is recovered, this could sig…

13/06/2023

A probe by the state of Oregon has unveiled a falsely registered donation by FTX to the Oregon Democratic Party. The published findings appear to implicate a high-ranking senator and his staff. Ironically, the senator in question is a populist who would presumably be against the surreptitious role of corporate cash in elections. A report published by Oregon Live on Tuesday described the outcome of an investigation by the Secretary of State’s Office....

A probe by the state of Oregon has unveiled a falsely registered donation by FTX to the Oregon Democratic Party. The published findings appear to implicate a high-ranking senator and his staff. Iro…

13/06/2023

The decentralized exchange (DEX) Uniswap has released a draft of the version 4 code with the intention of building in public. The pillars of the Web3 ecosystem are transparency and decentralization. While many Web2 companies are closed source, Web3 promotes open source and building in public. Uniswap, one of the largest DEXes based on trading volume, announced its vision for Uniswap V4 and has asked the community for feedback and contributions....

The decentralized exchange (DEX) Uniswap has released a draft of the version 4 code with the intention of building in public. The pillars of the Web3 ecosystem are transparency and decentralization…

13/06/2023

Every once in a while a particular crypto asset dominates the headlines and captures the attention of huge numbers of retail investors – often for its simplicity, trendy name and meme appeal. Back in the 2021 bull run that was Dogecoin and Shiba Inu, meme coins based around a cute Japanese dog breed. More recently a coin named after the Pepe the Frog internet meme achieved the same success....

Every once in a while a particular crypto asset dominates the headlines and captures the attention of huge numbers of retail investors – often for its simplicity, trendy name and meme appeal. Back…

13/06/2023

Ark Invest CEO Cathie Wood has a long-standing prediction that Bitcoin could reach $1 million by 2030. Recently, she has backed up her prediction, scooping up $19.9 million of crypto stock, Block. In a conversation with Bloomberg in November 2022, Wood backed up her claims that Bitcoin could reach $1 million. She highlighted Bitcoin’s strong performance despite challenging market conditions and said institutions might be more comfortable buying once they learn what is actually going on with Bitcoin. ...

Ark Invest CEO Cathie Wood has a long-standing prediction that Bitcoin could reach $1 million by 2030. Recently, she has backed up her prediction, scooping up $19.9 million of crypto stock, Block. …

13/06/2023

The crypto world followed with fervent interest the latest developments in a high-profile legal battle with the Securities and Exchange Commission (SEC). On Tuesday, the release of documents related to the “Hinman Speech” added a fresh twist to the Ripple vs. SEC fight over XRP’s classification as a security. The so-called “Hinman Papers” have sparked frantic debate online. Much of the commentary interprets the documents’ release as a big win for Ripple....

The crypto world followed with fervent interest the latest developments in a high-profile legal battle with the Securities and Exchange Commission (SEC). On Tuesday, the release of documents relate…

13/06/2023

Damus, the Nostr-based social media platform, has been given 14 days by Apple to update its app or face a ban due to its Bitcoin “tip” feature. While decentralized applications (dApps) are gaining prominence, they still need the support of centralized platforms like Android’s Play Store and Apple’s App Store. Apple Ultimatum Damus shared screenshots of Apple’s warning texts on…...

Damus, the Nostr-based social media platform, has been given 14 days by Apple to update its app or face a ban due to its Bitcoin “tip” feature. While decentralized applications (dApps) are gaining …

13/06/2023

IKEA’s new artificial intelligence (AI) assistant will address common call center queries, while the humans it replaces retrain in jobs like as interior design. IKEA has retrained 8,500 employees after AI assistant Billie processed 47% of customer queries in the past two years. IKEA Unconcerned About Potential Layoffs Ulrika Beisert, culture manager at IKEA parent Ingka Group, said the conglomerate is committed to employee upskilling and claimed there was no evidence that AI was…...

IKEA’s new artificial intelligence (AI) assistant will address common call center queries, while the humans it replaces retrain in jobs like as interior design. IKEA has retrained 8,500 employees a…

13/06/2023

BlockFi customers have received an email that states the company intends to allow crypto withdrawals this summer. In 2022, there were several bankruptcies due to the contagion effect of the market crash. Exchanges and other related services paused customer withdrawals due to insufficient funds. While many users are awaiting the restart of withdrawals, some bankrupt companies have already enabled customers to withdraw their funds....

BlockFi customers have received an email that states the company intends to allow crypto withdrawals this summer. In 2022, there were several bankruptcies due to the contagion effect of the market …

13/06/2023

XRP has pushed through the $0.55 Resistance mark as the community eyes positive feedback from releasing the Hinman Documents. The Ripple (XRP) price appears to be seeing a major push toward the $0.60 price rang if sentiment can remain positive before the CPI numbers are released later today. The price has already jumped over 5% on the day. This is a developing story…...

XRP has pushed through the $0.55 Resistance mark as the community eyes positive feedback from releasing the Hinman Documents. The Ripple (XRP) price appears to be seeing a major push toward the $0.…

13/06/2023

As the crypto market holds its collective breath, Bitcoin has managed to surge ahead. BTC broke the $26,000 mark, even as the industry waits for a key US inflation report. The report, expected to be a major catalyst for cryptocurrencies, comes amidst a backdrop of increased regulatory scrutiny that has left the market in a state of flux. Bitcoin Turns Volatile Before US Consumer Price Index (CPI) Report ...

As the crypto market holds its collective breath, Bitcoin has managed to surge ahead. BTC broke the $26,000 mark, even as the industry waits for a key US inflation report. The report, expected to b…

13/06/2023

For the past four weeks, Bitcoin Cash has been treading on the thin line of the Golden Ratio support level. Should this line fracture under bearish pressure, we might see the price take a substantial dip. Last week, Bitcoin Cash experienced a substantial devaluation of approximately 23%. This decline occurred after B*H, in a bearish turn, breached the Golden Ratio support, established near the $112 mark, leading to a considerable contraction in its price....

For the past four weeks, Bitcoin Cash has been treading on the thin line of the Golden Ratio support level. Should this line fracture under bearish pressure, we might see the price take a substanti…

13/06/2023

Despite the bearish altcoin market and steeper declines, Litecoin (LTC) could sustain its long-term uptrend. For this to happen, the LTC price must validate the symmetrical triangle formation and initiate a bounce. Breaking through the long-term resistance area in the $100 to105 range would indicate a strong signal of the start of a new bull market. However, losing the key support level at $65 would mean a breakdown of the upward structure and a possible return to the June 2022 lows....

Despite the bearish altcoin market and steeper declines, Litecoin (LTC) could sustain its long-term uptrend. For this to happen, the LTC price must validate the symmetrical triangle formation and i…

13/06/2023

Multi-asset trading platform eToro announced early Tuesday that users in the United States could not open new positions for several crypto assets. This comes as a response to a multi-pronged assault on the crypto industry from the SEC. eToro trading platform will halt purchases of Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC) under its new policy with effect from July 12....

Multi-asset trading platform eToro announced early Tuesday that users in the United States could not open new positions for several crypto assets. This comes as a response to a multi-pronged assaul…

13/06/2023

Ethereum layer-2 solution provider Polygon has unveiled its vision for version two, a ‘Value Layer’ of the internet. The ongoing protocol changes come at a tough time for Polygon, which has just seen its native token flagged as a security by the U.S. SEC. On June 12, Polygon Labs introduced Polygon 2.0, the “Value Layer of the Internet.” The internet facilitates the creation of information, but the Value Layer allows anyone to create, exchange, and program value, it stated....

Ethereum layer-2 solution provider Polygon has unveiled its vision for version two, a ‘Value Layer’ of the internet. The ongoing protocol changes come at a tough time for Polygon, which has just se…

13/06/2023

United States Congressman Warren Davidson has filed a new bill called the Stabilization Act. It seeks to restructure the SEC and remove SEC Chair Gary Gensler from his position. United States Congressperson Warren Davidson has filed a new bill that calls for the dismissal of United States Securities and Exchange Commissioner (SEC) Chair Gary Gensler. The ‘Stabilization Act’ aims to restructure the SEC, protect the markets, and has garnered support from lawmakers....

United States Congressman Warren Davidson has filed a new bill called the Stabilization Act. It seeks to restructure the SEC and remove SEC Chair Gary Gensler from his position. United States Congr…

13/06/2023

The Bank of Thailand is pushing ahead with its central bank digital currency (CBDC) project through a new pilot. The central bank is working with three payment service providers to test the digital baht over the coming months. On June 12, the Bangkok Post reported that the Bank of Thailand would be testing the CBDC in a regulatory sandbox from June to August....

The Bank of Thailand is pushing ahead with its central bank digital currency (CBDC) project through a new pilot. The central bank is working with three payment service providers to test the digital…

13/06/2023

North Korean crypto hackers continue to send tremors through the cyberspace as they get smarter and more relentless. According to recent reports, their nefarious activities are rising, morphing, and evolving with alarming speed and sophistication. The secrecy-shrouded regime of North Korea is leveraging its expanding army of information technology (IT) experts. It aims to fund its military ambitions, sidestepping international sanctions with a chilling audacity that has governments worldwide on high alert....

North Korean crypto hackers continue to send tremors through the cyberspace as they get smarter and more relentless. According to recent reports, their nefarious activities are rising, morphing, an…

12/06/2023

BNB Chain has stepped up amid fear over the potential liquidation of over 924,830 BNB tokens by assuring the community that it would take over their positions if the liquidity threshold is hit. A BNB Chain hacker’s position is on the verge of liquidation, and hence the community fears a sharp price drop due to liquidations. BNB Chain to Rescue…...

BNB Chain has stepped up amid fear over the potential liquidation of over 924,830 BNB tokens by assuring the community that it would take over their positions if the liquidity threshold is hit. A B…

12/06/2023

Judge John Dorsey has ruled in a Delaware court that ordinary FTX customers can remain anonymous indefinitely. The decision could set a precedent for customer anonymity in other insolvencies. Even so, many face a long wait to retrieve their lost funds from the collapsed exchange. And, when assessing the ruling’s impact, it is well to remember that no two bankruptcies are exactly the same....

Judge John Dorsey has ruled in a Delaware court that ordinary FTX customers can remain anonymous indefinitely. The decision could set a precedent for customer anonymity in other insolvencies. Even …

12/06/2023

Interest in Bitcoin is on a long-term decline, according to data compiled by Google Trends. That’s despite the recent innovation in BRC-20 tokens and recovering prices in 2023. Interest in Bitcoin, as judged by Google Search frequency, is at the lowest point in two years. The global search volume for the world’s oldest cryptocurrency has reached its lowest level since 2020....

Interest in Bitcoin is on a long-term decline, according to data compiled by Google Trends. That’s despite the recent innovation in BRC-20 tokens and recovering prices in 2023. Interest in Bitcoin,…

12/06/2023

Crypto prices were sent crashing as the SEC announced lawsuits against Binance and Coinbase for selling unregistered securities. Since then, industry figures such as Coinbase CEO Brian Amstrong and the YouTuber’s Coin Bureau and Crypto RUs have commented on how they see things playing out for the industry. Following the SEC’s lawsuit announcement, crypto prices plunged, with many coins dropping as much as 30%....

Crypto prices were sent crashing as the SEC announced lawsuits against Binance and Coinbase for selling unregistered securities. Since then, industry figures such as Coinbase CEO Brian Amstrong an…

12/06/2023

There have been at least 100 physical attacks against Bitcoin holders or infrastructure facilitating BTC transactions, a recent list documenting all recorded attacks on June 12 shows. The list records all known physical attacks on BTC holders or facilities, including crypto ATMs, as early as 2014. Over 100 Recorded Physical Attacks Against Bitcoin Holders The list published on GitHub, a public code repository, and ...

There have been at least 100 physical attacks against Bitcoin holders or infrastructure facilitating BTC transactions, a recent list documenting all recorded attacks on June 12 shows. The list reco…

12/06/2023

Shark Tank star Mark Cuban has become the latest voice of dissent against the Securities and Exchange Commission (SEC), saying proposed crypto regulations lack clarity. After the FTX collapse, the US has toughened its stance against the crypto ecosystem. Particularly, the SEC has been targeting crypto companies with legal actions. Mark Cuban Calls out SEC for Lack of Clarity…...

Shark Tank star Mark Cuban has become the latest voice of dissent against the Securities and Exchange Commission (SEC), saying proposed crypto regulations lack clarity. After the FTX collapse, the …

12/06/2023

A recent SIM-swap hack that compromised crypto influencer Ben Armstrong’s Twitter account highlights the dangers centralized social media poses to the industry’s reputation. The attacker used Armstrong’s account to lure a million dollars’ worth of investments in a fake crypto token. BitBoy Fraud Tapped Anti-SEC Sentiment Armstrong (alias BitBoy) accused Verizon of the hack and threatened to sue the firm. He advised followers not to click on links asking for money....

A recent SIM-swap hack that compromised crypto influencer Ben Armstrong’s Twitter account highlights the dangers centralized social media poses to the industry’s reputation. The attacker used Armst…

12/06/2023

A new public service campaign is warning older investors of the risks of “crypto scams.” Despite less than 1% of all crypto activity being associated with criminal activity. On Monday, the Securities and Exchange Commission (SEC) announced a new public service campaign to protect older investors. Resources available from the “Never Stop Learning” campaign from the Office of Investor Education and Advocacy (OIEA) include a video entitled…...

A new public service campaign is warning older investors of the risks of “crypto scams.” Despite less than 1% of all crypto activity being associated with criminal activity. On Monday, the Securiti…

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