🚀 Breaking Records Alert: BRC-20 Tokens Rule the Crypto Kingdom! 🌟

Hey there, crypto Family!

Let’s dive into the latest updates in the crypto world ! 🌍💰

📈 Wow, the global market cap took a little dip and now stands at $1.16 trillion! It’s like riding a rollercoaster of excitement! Hang on tight! 😲💸

💥 Bitcoin (BTC) couldn’t quite hold on above the $28,000 mark, and Ethereum (ETH) followed suit, dipping below $1,900. Whew, it’s been a wild ride for these top cryptocurrencies! 🎢

🎉 Of course, let’s not forget about our favorite altcoins! Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) were all dancing to their own tunes, experiencing some ups and downs. It’s part of the thrilling crypto game we love! 😄🚀

📉 Unfortunately, the Optimism (OP) token took a bit of a hit as the top loser, dropping over 6% in the past 24 hours. But hey, there’s always a silver lining! IOTA emerged as the top gainer with an impressive jump of over 8% in the same timeframe. Way to go, IOTA! 📈💪

💼 So, what’s the big picture? The global crypto market cap is currently at $1.16 trillion, showing a slight dip of 0.15% over the past 24 hours. It’s a dynamic market that never fails to keep us on our toes! Get ready for more exciting twists and turns! ⚡💼

Latest News

Ethereum Faces Strong Rejection Above $1.9K! Here’s The Next Level For ETH Price

• Ethereum (ETH) has been showing consistent upward momentum and has the potential to reach the $2K mark.
• Recent market trends have caused Ethereum to face strong resistance above the $1.9K level, which has caused concern among long-term holders and traders.
• Profit-taking sentiment among Ethereum whales, as evidenced by a significant transfer of ETH by a prominent holder, has contributed to selling pressure.
• On-chain data shows a decline in withdrawal transactions, indicating a potential increase in ETH supply on exchanges, which could further impact the price negatively if demand doesn’t match the increased supply.

Breaking Records: 10 Million+ Ordinals Inscriptions Minted! BRC-20 Tokens Reign Supreme in the Crypto Market

• More than 10 million Bitcoin Ordinals Inscriptions have been created.
• These inscriptions are primarily associated with BRC-20, a type of Bitcoin token that makes up over 80% of the total inscriptions.
• A substantial amount of fees, approximately 44 million US dollars, has been paid in the form of 1578.46 BTC.
• On a daily basis, approximately 200,000 Ordinals Inscriptions are currently being created.

Is Hong Kong’s Future in Jeopardy? Crypto Pioneer from China Raises Concerns

• Bobby Lee, a cryptocurrency entrepreneur, warns that Hong Kong’s interest in digital assets may decline in the future.
• Lee draws from his own experience in China, where government regulations affected his Bitcoin exchange, to caution companies considering operating in Hong Kong’s digital asset sector.
• Despite Hong Kong’s ongoing efforts to implement new cryptocurrency regulations, Lee suggests that crypto may not be a long-term priority for the city.
• Lee, who founded Ballet Global Inc., a cryptocurrency storage company in the United States, shares his insights based on his firsthand experiences.

Prosecutors Sound Alarm: Bankman-Fried Charges Must Not Be Dismissed!

• Prosecutors are urging a Manhattan federal court judge to reject FTX founder Sam Bankman-Fried’s request to dismiss criminal charges accusing him of stealing billions of dollars from customers to cover losses at his hedge fund.
• Bankman-Fried, the former cryptocurrency billionaire, has pleaded not guilty to multiple charges, including fraud and conspiracy.
• Prosecutors argue that Bankman-Fried’s motion to dismiss the charges is without merit and that the indictment’s allegations are sufficient and legally sound.
• Bankman-Fried’s oral arguments regarding the dismissal of the charges will be heard by the judge on June 15.

XRP Breaks Free: Bulls Battle Bears as Crypto Gains Over 4.5%

• XRP defies the broader crypto market trend and surges by 4.5% in the last 24 hours, trading above $0.50 with a market cap of $26 billion.
• The surge in XRP’s price coincides with increased address activity on the XRP Network, indicating growing interest and engagement with the platform.
• Legal expert John Deaton expresses optimism about XRP’s price potential, suggesting that more people may consider buying XRP once it surpasses $1 and FOMO (fear of missing out) kicks in at around $2.
• Ripple’s ongoing legal battle with the SEC shows signs of progress, with the court forcing the SEC to release unredacted versions of the William Hinman speech, raising hopes of a potential settlement by July. A favorable outcome for Ripple could positively impact its relations with banks and increase liquidity in XRP.