Liquidations over the last 24 hours ❌
👉 Long: $52 .95 million
👉 Short: $32 .29 million

Total Open Interest on #Bitcoin  
👉 $33 .12 billion | + 0.82% 📈

Volume on the NFT Ethereum market 📊
👉 1 month: $299 .74 million
👉 6 months: $867 .72 million
👉 1 year: $569 .92 million

Backpack Exchange is taking steps to establish itself as a fully regulated and compliant trading platform in a bid to solidify user trust and bring greater regulatory clarity and audit integrity to the exchange.

BackPack announced the appointment of Citibank Executive Laurence King as the company’s Head of Audit.

King brings almost 30 years of experience leading audit and risk functions at heavyweight global financial institutions. Joining the Backpack team, King will spearhead the exchange’s mission to implement industry-leading internal audit practices, ensuring that the Backpack remains compliant with stringent regulatory requirements across different jurisdictions.

With such a prestigious name in, they're on the right track.

Also, Blinks by dialect are now live in Backpack 🎒

The easiest way to interact with Solana apps directly from social platforms and messaging apps.

🇪🇺 “Stablecoins will either be compliant or doomed to disappear from the European Union market in the short to medium term. »

Circle, issuer of USDC, in a press release relating to the impact of the entry into application of the MiCA regulation.

https://www.brettonwoods.o...

GOOD NEWS!!!!!!!!

Solana's Devnet is now back online after it was successfully restarted and undergone patch integration by engineering teams.

This is following the three days of downtime due to a technical issue.

DID YOU KNOW

Solana's liquidity layer Marginfi plans to launch “mrgnswap,” which would allow traders to instantly long as well as short newly created meme coins with leverage.

CoinMarketCap first half of 2024 report reveals that, On average, Solana based meme coins outperformed Ethereum-based by almost 800% YTD.

The margin is expected to increase withe the rise of $WATER

👁 Worldcoin hires former Google, X and Apple executives to strengthen privacy and security.

Tools for Humanity has hired 4 executives to advance its mission to ensure a fairer economic system.

https://www.coindesk.com/b...

🇩🇪 The German government is again transferring 832 #Bitcoin   to various crypto exchanges.

This represents more than $52 million.

https://platform.arkhamint...

🚨 Standard Chartered predicts that bitcoin could hit a record high in August followed by a rise to $100 ,000 by the US presidential election in November.

The prediction from Mr Kendrick, head of currency and digital assets research at Standard Chartered Bank, hinges on Joe Biden remaining in the US presidential race.

The Standard Chartered analyst has modeled a "least likely" scenario in which Biden withdraws from the presidential race at the end of July, saying it could send the price of bitcoin falling to between 50,000 and $55 ,000.

https://www.theblock.co/po...

@boostlegends Hey guys i signed up on boostlegends but the admin did not paid what he have promised for i also messaged hime but they are ignoring me i dont know why this is my username
bullverse_user

I've always been told to stop investing, that I'd lose my money. Yes, I've lost some, but I've made some too, and even if I lose it all, I'll keep trying, because the future belongs to those who fight through the tough times.

When do you think we'll emerge from this uncertain market?😭

🚨 Ethereum ETFs will see $500 million in inflows in their first week according to analyst Lennix Lai.

“Although the assets under management of ETH ETFs are not as high as those of Bitcoin ETFs, their trading volumes can reach a similar level.”

https://www.dlnews.com/art.../

❌️ Crypto hacks fell 54.2% in June, representing losses of $176 million over the month.

Losses increased by 115% in Q2 2024 compared to the same period in 2023.

Lately we have had:

🔹 BlackRock, the world's largest asset manager, has started buying #Bitcoin   for three of its funds.

🔹 Morgan Stanley is about to allow its 15,000 brokers to recommend ETFs #Bitcoin   to their clients.

🔹 Major investment banks such as JPMorgan, BNP Paribas and BNY Mellon have started buying Bitcoin.

🔹 A state pension fund invested in #Bitcoin   .

🔹 Whales are massively buying #Bitcoin  

🔹 Former US President Donald Trump recently expressed his support for cryptocurrencies.

🔹 ETFs #Bitcoin   become the best performing ETFs of all time.

🔹 Several public companies acquire #Bitcoin   .

🔹 Michael Dell, founder of Dell Technologies, recently tweeted at #Bitcoin   .

🔹 Microstrategy buys more #Bitcoin   .

🔹 ETFs #Ethereum have been approved and will be available very soon.

🔹 Requests for an ETF #Solana are starting to emerge.

🔹 Sony, the Japanese electronics giant, is preparing to enter the cryptocurrency market by launching an exchange platform with the acquisition of the Amber platform, renamed S.BLOX Co.

👉 After all this, some think that #Bitcoin   will not go higher, that 73k is the ATH, and that the cycle is over. They just fall into the trap of manipulation.

The elites are simply buying up every #Bitcoin   available. With each manipulation, some sell in panic, then they are automatically bought by the elites.

If I die in the next year I’ve already made a video explaining who did it.

All three of you are implicated.

I know you read this.

Killing me is easier than explaining why this country robs and imprisons wealthy foreigners.

Try me.

🚨 Here is the TOP 20 tokens from Grayscale Research for the coming quarter:

Grayscale Research has selected 20 tokens with “high potential for the coming quarter,” selected with consideration of “upcoming catalysts, trending market themes, and token-specific fundamentals.” »

https://www.grayscale.com/...

📊 #Bitcoin   and #Ethereum became the most profitable assets in the first half of 2024.

They clearly outperform the Nasdaq, the S&P 500, oil, gold, the US dollar...etc.

⚠️ A fake application of the Phantom wallet promoted on the iOS AppStore drains users' funds.

Even though the fake app has obvious redflags:
➡️ A slightly different logo
➡️ Published by Meta Voxify (not Phantom Technologies)
➡️ only 1 review and 1 star.
➡️ Listed in the "Education" category as opposed to "Utilities", where the original application exists.
➡️ The application has existed in the store for “17 years” and therefore well before the very existence of Solana and even Bitcoin.

It can happen to anyone to miss out and be fooled...

In addition, the fraudulent application is highlighted thanks to advertising and therefore it appears first during searches...

Be very careful and always check several times before downloading applications related to #crypto .

https://cryptoslate.com/fa.../

Daily Memecoin Recap - July 1

Interesting day overall, influencers continue to hop on the crypto bandwagon

These influencer coins usually have an initial run-up, but unless the influencer does something unique to keep attention, the coin will die out

Gummy Team Launches A New Token
$baked -> hit $100m , hyped launch, same team as $gummy

Stevewilldoit Launch
$hero -> hit $82m ,
- Steve has been in crypto for years, he's very trusted by fans which explains why his coin reached so high

Sexyy Red Launches a Token
$presi -> hit $13m , "President Red"
- After several weeks of teasing, SexyyRed314_ drops the CA

Mike O'Hearn x Giga
$giga -> $42m to $150m (3.57x),
- Mike was teasing as if he would launch his own coin
- Instead of launching his own token like most of these influencers, he partnered with an already existing one

Influencer Launches
$mommy -> hit $1 .5m, NSFW
$bt -> hit $2m , BenTodar launch

Fake Influencer Launches
$sean -> hit $500k , SeanKingston says launch is in 24h (no official launch yet)
- Watch out for BhadBhabie & dohertyjackk, both aiming to launch a token

Yu-Gi-Oh Memes
$bwd -> hit $1 .99m, Blue-Eyes White Dragon, good team
$dmg -> hit $770k , Dark Magician Girl

Billy Makes A New ATH
$billy -> $53 .5m to $98m (1.83x)

New Spike Token Dominates The Old One
$spike -> $23 .55m to $47 .5m (2x), good team, rumors that it's the same team as the OG one which got exploited

New Matt Furie Memecoin
$doggs -> hit $19m , 95% bundled
- The dog that kills pepe Matt_Furie

Cat Memes
$loops -> hit $460k
$sleepy -> hit $400k

Roaring Kitty Discloses Owning 6.6% of Chewy
$chwy -> $320k to $10m (31x)
$chwy -> $700k to $8m (11.4x)

More Cooks
$walter -> $1 .53m to $5 .5m (3.59x), AB84 posted a pic of walter and said "dog of the day"
$steve -> $275k to $1 .9m (6.5x)
$sherif -> hit $10m , KOLs onboard, insanely good liquidity to market cap ratio
$glizzy -> hit $4m
$pungu -> hit $2 .7m
$garf -> hit $2 .2m, good website & art

Stay locked in, opportunities are everywhere

New month, new profits 🤝

looking for some real memecoin traders to team up and work together hit me up if you're up to smth

$FET begins phase 1 of token merge $ASI with $AGIX and $OCEAN today.

🚨 Yesterday, the BlackRock Spot #Bitcoin ETF recorded a trading volume of $1 .1 billion.

Fundings are super low on BTC and ETH despite the rebound on support!

Wtfff, are we really going to leave without looking for the $56 ,000??

In truth, I'm not saying no because I no longer have cash to buy the dip 😶‍🌫️ and I'm tired of waiting, but hey I had planned a legendary entry point there haha.

Come on, let's just be patient!

Me explaining why all my life savings are in ETH

We want to see something.

Automated scalping strategy update #1

➳ Telegram bots (ex: Trojan, Maestro...) have lags when it comes to doing multiple trades a day, sometimes never selling, leaving you without the expected profits. Will upgrade to a reliable custom script.

➳ Because of token volatility, an important stop loss (50% - 60%) can work, as long as you buy the right tokens; not the ones being rugged upon launch.

➳ Currently aiming for fewer trades, but with a higher % of winning ones. Around 20 trades a day.

➳ Criterias to find which tokens to buy will follow in another update...

What's next??

We've had cat memecoins

We've had frog memecoins

We've had dog memecoins

We've had hat on everything memcoins

We've had celebrity memecoins

So what's next??

For me, I'm still waiting for a memecoin with the ticker $CHILDREN or $KIDS since we've had $MOTHER & $DADDY before I decide.

How to become a better trader

- Look for good entries (avoid top blasting if possible)

- If you feel FOMO, don't enter the trade

- Ask yourself how you're feeling. If you feel nervous/stressed/anxious right after entering a trade, exit

- Once you enter, open the chart & set price targets (3x, 5x, 10x, etc.)

- Set limit orders to sell at these price targets. It's much harder to take profits when you don't have a plan

- Try to sell during peak euphoria. If everyone is in, there's no one left to buy

- Never overexpose yourself to a single coin

- Example: if you have a 10 sol port, play with 0.5-1sol per trade

Always put risk management first. You're not gambling, you're trading

Take Calculated Risks

Do any one know when tapswap token launches. I have looked online and it saus today but it dosent show? Anyone have something.