Binance relaunches card payments, Buterin criticizes memecoins 🚀🚨
Welcome to the Daily Tribune on Friday, June 7, 2024 ☕️
Hello Cointribe! 🚀
Today is Friday, June 7, 2024, and like every day from Tuesday to Saturday, we summarize the news of the past 24 hours that should not be missed!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Cloudy ☁️
24h crypto recap! ⏱
Binance resumes card purchases: A victory over regulation 🚀
Binance, the world's largest cryptocurrency exchange, has announced the resumption of cryptocurrency purchases using Visa and Mastercard cards. This decision comes after regulatory difficulties that had suspended these services. Mastercard has authorized these transactions again after a thorough review of the controls implemented by Binance. This restoration of card payment services is a positive sign for Binance and indicates a possible end to its regulatory troubles. Read the full article
Vitalik Buterin's warning against memecoins 🚨
Vitalik Buterin, co-founder of Ethereum, strongly criticizes the proliferation of memecoins backed by celebrities, considering them meaningless and harmful to the crypto ecosystem. Buterin emphasizes that these projects, like the $MOTHER token launched by Iggy Azalea, lack substance and are often tainted with fraud accusations. He calls for the financialization of cryptocurrencies targeting noble goals, such as health or art, rather than pure speculation. He proposes alternatives such as "charity coins" and positive financial game models, while insisting on the sustainability of projects. For him, crypto initiatives must be designed to last at least ten years to ensure lasting value. Read the full article
Trump's fortune explodes to over $33M thanks to memecoins 💰
Former US President Donald Trump saw his crypto portfolio exceed $33 million following a surprise airdrop of the memecoin TROG. According to the Arkham analysis platform, Trump received half of the total TROG supply, now representing his main crypto asset with over 210 billion TROG coins valued at nearly $20 million. The MAGA Coin is his second most important crypto holding with about $8 million, and his collection of NFTs has earned him $3.2 million in Ether (ETH) and Wrapped ETH (WETH). This increase in his digital wealth reflects his growing ties to the crypto ecosystem, strengthened by his intention to accept cryptocurrency donations for his 2024 presidential campaign and his interest in NFTs. Read the full article
Ethereum in 2030: Ether at $22,000? 🚀
VanEck, in its latest report, predicts that ether (ETH) will reach the impressive sum of $22,000 by 2030, well beyond its current value of around $3,852. This estimation is based on several key factors, including Ethereum's disruptive potential for decentralized applications (dApps), traditional finance, and artificial intelligence. VanEck also highlights the potential impact of ether-based ETFs, which will facilitate access for institutional investors and increase ether's demand and liquidity. On-chain data analysis reveals promising financial indicators, with significant cash flows and sustained network activity, reinforcing the long-term viability of the Ethereum blockchain. Read the full article
Coin of the day: Gnosis (GNO)
Gnosis is an innovative platform on the Ethereum blockchain that focuses on creating infrastructures for decentralized prediction markets. Its added value lies in providing tools for creating, trading, and using predictions in a decentralized, reliable, and secure manner.
The native crypto, GNO, is mainly used for governance within the Gnosis ecosystem and for paying transaction fees. Initially distributed through an ICO in 2017, it offers holders benefits such as the right to vote on development proposals and the ability to stake their tokens to earn rewards. GNO can be used to participate in decisions of the Gnosis DAO and to exchange for OWL tokens, used for platform fees.
Recent performance of Gnosis (GNO)
Current price: €331.56
Change in 1 day: +4.52%
Market capitalization: €856,479,167
Rank on CoinMarketCap: 96
New record for Floki crypto: Crypto analysis on June 6, 2024
Floki Inu, the popular memecoin, has reached a new all-time high after an increase of over 7,000% since its low point in June 2022. Currently valued around $0.00031, Floki has recently surpassed its previous record of $0.00034. However, despite this significant increase, buying interest seems to have slightly weakened. Technical indicators and oscillators show a medium and long-term bullish trend, supporting the robustness of Floki. The analysis also reveals strong speculation on FLOKI/USDT contracts, marked by positive funding rates and predominant buying positions.
Technical analysis indicates key liquidation zones, particularly at $0.00027 and $0.00032, with the potential for increased volatility around these levels. If the price of Floki remains above $0.00015, it could break the $0.00034 level and target resistance at $0.0004 and $0.00045. In case of a decline, the supports to watch are at $0.0001 and $0.00009. The future of Floki remains promising, but it is essential to closely monitor market reactions and remain vigilant against possible fluctuations.