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Банк России раскрыл число совершенных переводов в цифровых рублях
Полиция задержала подозреваемых в криптомошенничестве на 460 млн евро
Europe Leads Crypto Adoption as FCA to Make Investment Advice Accessible to UK: Why Best Wallet Could Explode
Europe is steadily solidifying its position as a leader in crypto adoption, particularly regarding everyday transactions. A recent report highlights that crypto cards are now giving traditional banks a run for their money in Europe’s micro-spending landscape, with a significant 45% of transactions under €10.
Where once cash was traditionally dominant for small purchases, people are slowly moving away from it. EU Crypto cardholders are not only mirroring traditional spending patterns but also embracing online payments rapidly, with 40% of their transactions occurring online, nearly double the eurozone average.
The increased interest is best seen from the 15% rise in new crypto card orders across Europe in 2025. Stablecoins power a substantial 73% of these transactions.
This growing comfort with digital assets for daily payments, including groceries and dining, signals a maturing market that’s looking to grow beyond past limitations.
UK’s Financial Advice Reform: A Catalyst for Crypto GrowthThe timing of the UK’s Financial Conduct Authority (FCA) reform couldn’t be better for the burgeoning crypto market. The FCA’s once-in-a-generation change makes financial advice more affordable and accessible for the millions of British adults holding cash savings that could otherwise be invested.
By allowing firms to offer generic recommendations without the full burden of personalized advice regulations, the FCA closes the advice gap that’s historically excluded many from investment opportunities.
This move, coupled with the increasing institutional acceptance of crypto ETFs, creates a fertile ground for digital asset investments to flourish in the UK.
Crypto ETFs are regulating institutional investments, and the EU is showing strong day-to-day crypto usage. The UK’s reform is the missing piece that could accelerate crypto integration in mainstream investment portfolios.As more people gain access to simplified financial guidance, they’re likely to become more confident about exploring asset classes like crypto, especially through established avenues like ETFs.
To capitalize on this evergreen market, you need a robust and user-friendly wallet. This is where solutions like Best Wallet, and its native Best Wallet Token ($BEST), could truly shine.
Let us explain why.
Best Wallet: A New Generation of Crypto WalletsBest Wallet looks like a true disruptor in the crypto wallet space, aiming to capture a substantial 40% of the non-custodial wallet market by the end of 2026. Unlike older wallets, Best Wallet targets the newest crypto users who want cutting-edge features to trade and engage with the industry.
One of these standout features (which make this app one of the best crypto wallets), is its ‘Upcoming Tokens’ section. It lets you buy top crypto presales directly within the app, mitigating the risks associated with scam sites.
Best Wallet prioritizes enhanced security, leveraging Fireblocks MPC-CMP wallet technology to offer robust protection for your assets, eliminating the need for traditional seed phrases.
In a market moving toward crypto being used in day-to-day spending, Best Wallet is preparing to launch its Best Card, enabling users to seamlessly spend their crypto in everyday life wherever Mastercard is accepted.
Furthermore, Best Wallet is not just about storing assets. It’s a comprehensive Web3 super app. Its multi-chain capabilities and integrated DEX aggregator allow you to seamlessly manage and trade assets across 5 numerous blockchains at optimal rates.With a strong social following (72K+ followers on X and 48K subscribers on Telegram), Best Wallet is gaining rapid adoption, indicating its potential to redefine how you interact with your digital assets.
The Power of the Best Wallet Token ($BEST)Best Wallet Token ($BEST) is the core utility token powering the Best Wallet ecosystem, designed to upgrade the wallet experience for holders through lower fees, governance, and higher staking APY.
But a red-hot feature is the exclusive early access to new cryptos, giving you a competitive edge in discovering and investing in the best crypto presales before they hit the broader markets.
Launched in November 2025 on Ethereum, $BEST has already raised $13M+, showing the scorching investor interest in market-shifting solutions like Best Wallet (whales bought $49.5K, for instance).
$BEST offers higher staking rewards through the Best Wallet staking aggregator, providing an attractive and passive income opportunity. Furthermore, $BEST token holders gain ecosystem governance rights, allowing them to participate in key decisions regarding the platform’s direction and development.
You can buy $BEST for $0.025255. We predict it could reach $0.072, representing a 185% increase from today’s price but you need to get in soon as a price increase is imminent.The initial presale success, with $100K sold in the first six hours of launch underscores the strong market demand and investor confidence in $BEST’s potential.
Remember, this is not financial advice; you should always conduct your own research before making any investments.
Bitcoin, Dogecoin & XRP Price Analysis: Will They Break Out, and Could $BTCBULL Rally Next?
Like so many times in the last few months, Bitcoin is once again at a critical point.
The granddaddy of all cryptos is hovering around $107K at the time of writing, right on the edge of breaking out of a descending trend line, or falling back further.
But, with volumes looking steady and the Relative Strength Index (RSI) rising above 58, the bulls seem to once again be in control.
Keep reading for the outlook across the board, including $BTC, $DOGE, and $XRP, and how a return to bullish times could see BTC Bull Token ($BTCBULL) become the next big crypto coin of 2025.
$DOGE in Troubled Waters, $XRP Holding Crucial LevelIt’s no secret that $DOGE, has been facing serious heat. The canine-themed crypto has lost over 65% of its value after hitting a high of $0.46 in December 2024.
Volumes have dried up, volatility is collapsing, and moving averages don’t offer any consolation, either.
That said, favorable macroeconomic developments could signal a long-awaited reversal for Dogecoin. These include an amended Dogecoin ETF filing now allowing in-kind redemptions for brokers and dealers, along with the SEC’s growing openness to a DOGE ETF.
The signs are there. $DOGE is up more than 8% over the past seven days. Trading volumes have also seen a chunky 90% appreciation over the past 24 hours.
Then there’s $XRP, which is on the verge of breaking out of a descending triangle pattern. This move should propel the Ripple token toward its all-time high of $3.40, up from its current price of $2.17.
Importantly, $XRP has managed to hold the crucial $2 level despite the broader market’s choppiness.
Trading volumes are decent, and with major moving averages flattening (a classic sign of contracting price action), we could expect a strong upward move soon.
With the bulls clearly in control, the next crypto rally should arrive sooner rather than later. If you’re looking for the best altcoins to capitalize on the momentum, have you had a look at BTC Bull Token ($BTCBULL)?
What Is BTC Bull Token?BTC Bull Token could be the next logical winner of a Bitcoin-led crypto bull run.
It’s got everything we look for in an altcoin ready to explode: low ‘presale’ pricing, a unique Bitcoin-following model, an excellent roadmap, and most importantly, investor confidence and loads of hype.
BTC Bull Token’s crown jewel is its free $BTC airdrops. Every time Bitcoin reaches a new major milestone, like $150K and $200K, $BTCBULL holders will automatically receive their share of $BTC.
Just make sure to store your $BTCBULL tokens in Best Wallet and opt in to the project’s airdrop events on social media to be eligible for the free $BTC.
As the first-ever crypto to offer free Bitcoins to its token holders, $BTCBULL offers a strong incentive to its buyers to hold on to their purchased tokens for the long term.
This makes BTC Bull Token more than just another pump-and-dump altcoin. With its passive Bitcoin rewards, it encourages patience, not panic buying/selling.
Built-in Scarcity Powers the PriceAccording to our BTC Bull Token price prediction, the token could surge 1,800% and reach $0.0497 by 2030.
A huge reason behind such eye-watering potential is the project’s token burn events.
BTC Bull Token developers plan to shave off a part of the total token supply at regular intervals. This will reduce $BTCBULL’s supply over time.
The developers have strategically placed the token burn events to occur alongside rising Bitcoin prices. Every time the king cryptocurrency’s price climbs by $50K, there will be a token burn event. This will increase scarcity, just as demand for anything Bitcoin-related surges.
This combo could see $BTCBULL become a top trending crypto during major $BTC rallies.
The Final Countdown: BTC Bull Token Presale Ends SoonIf you want to get in on one of the next crypto to explode, this is your last chance.
BTC Bull Token is now in the final leg of its presale, so missing out now could mean buying in later at a much higher price.
One $BTCBULL is currently available for just $0.00258, with over $7.7M in early investor funding already raised.
Check out the project’s whitepaper for more technical details, and here’s our detailed guide on how to buy BTC Bull Token.
Wrapping UpWith Bitcoin and other major cryptos pushing for new highs, the time is ripe to grab a hold of BTC Bull Token – a new meme coin built to ride the wave to free $BTC rewards.
Bear in mind that investments in crypto are subject to market risks. Invest carefully, and only after doing your own research; this article isn’t financial advice.
Bloomberg: «Эффект Трампа» приведет к исчезновению альткоинов
XRP, Solana, Cardano Multi-Asset ETF Approval Highly Likely This Week: Expert
The US Securities and Exchange Commission (SEC) enters the final stretch of its review of Grayscale Investments’ bid to convert the $760 million Digital Large Cap Fund (GDLC)—which includes Bitcoin, Ethereum, XRP, Solana and Cardano—into an exchange-traded fund, with the statutory deadline set for July 2. ETF Store president Nate Geraci told his followers on X in the early hours of Monday that there is a “high likelihood” the conversion will be cleared, adding that approval would “then be followed later by approval for individual spot ETFs on XRP, SOL, ADA, etc.”
Geraci’s optimism rests in part on the composition of GDLC. As of June 27 the fund holds 80.8 percent Bitcoin and 11.1 percent Ether, while XRP, Solana and Cardano account for a combined 8.1 percent—well below the weights that have historically triggered regulatory push-back on liquidity or market-manipulation grounds. “XRP, SOL & ADA represent <10 % combined of GDLC’s holdings. Easy way to slowly step into other assets,” he wrote, framing the multi-token product as a low-risk sandbox for the agency.
Spot XRP, SOL And Cardano ETFs IncomingThe incremental approach dovetails with the SEC’s own playbook. Spot Bitcoin ETFs were green-lit in January 2024 after a federal court faulted the Commission for inconsistent reasoning, and spot Ether ETFs followed seven months later.
Geraci argues that the Commission already has a template for limited non-traditional exposures. Since February the SEC has permitted up to 15 percent of an ETF’s portfolio to consist of illiquid private-credit instruments, provided sponsors can demonstrate robust valuation and liquidity controls. “No reason to not allow 10 % weighting to crypto assets besides already-approved BTC & ETH,” he noted, calling it “incongruent” to maintain different thresholds for digital assets.
Notably, regulatory engagement appears to have intensified. Grayscale filed an amended Form S-3 for GDLC on June 26, a move Geraci highlighted as evidence that “the SEC is clearly engaged.” The registration statement reiterates that NYSE Arca’s Rule 19b-4 proposal to list the shares cannot proceed without Commission sign-off, but it also supplies updated disclosure on custody, creation-unit size and index methodology—changes that typically occur only after iterative feedback from SEC staff.
External analysts share Geraci’s assessment. Bloomberg Intelligence’s James Seyffart told Blockworks last week that the agency could approve GDLC precisely because the non-Bitcoin, non-Ether tranche is so small; denying the application, he said, would force the SEC either to draft a comprehensive crypto-ETF framework on the fly or to explain why 8 percent exposure presents an insurmountable risk.
Seyffart and colleague Eric Balchunas have since lifted their probability of approval for most single-asset altcoin ETFs to 90 percent, citing “remarkably positive” regulator–issuer dialogue.
If the conversion is approved this week, GDLC would become the first US spot ETF to give investors regulated exposure to XRP, Solana and Cardano, albeit in modest proportions. More importantly, it would hand the SEC real-time surveillance data on trading, flows and creation-redemption activity—data that could underwrite subsequent decisions on standalone XRP, SOL and ADA funds later in 2025. Market participants will know by the close of business Wednesday whether that experiment is about to begin.
At press time, XRP traded at $2.18.
Watch Out for the Next Top Crypto to 1000x as Ripple CEO Declares ‘1000%’ Commitment to $XRP
It’s shaping up to be a great week for $XRP as the Ripple Labs CEO stressed his support for his company’s cryptocurrency.
This has received a positive response on both social media and the crypto market, which now sees a way forward for the rest of the industry.
In addition, it bodes well for new projects that will give rise to top cryptocurrencies and help revolutionize finance for good.
Brad Garlinghouse Stresses Commitment to $XRPRipple Labs CEO Brad Garlinghouse made a brief but important response to a post on X showing a photo of him and his $XRP tattoo.
The tweet talks about him having zero doubt about his company’s digital asset, to which he replied: ‘
1000%.’ It has since received over 1M views and 690 replies.
Garlinghouse’s sign of commitment to $XRP further added a positive vibe to his company, which is still fresh from its win with the end of Ripple’s case with the SEC.$XRP hit a high of $2.2178 over the past 24 hours and has seen a 34% jump in its trading volume during the same period. Its 7-day and 1-month numbers are in the green too at 8% and 2%, respectively.
Top Crypto to Buy Before They Go 1000xWith renewed optimism in the crypto market, new crypto projects are back in the spotlight, including the following:
1. Snorter Token ($SNORT) – Sniff Out Up-and-Coming Tokens Before Anyone ElseThe crypto market is growing faster than ever, but staying ahead of bots and whales is no easy feat. That’s where Snorter Token ($SNORT) steps in, aiming to even the odds with its powerful, user-friendly Snorter Bot.
This trading bot runs on Telegram and delivers plenty of crypto trading power to your phone, including sniping, portfolio management, and scam detection.
Joining its token presale gives you plenty of perks, including low transaction fees and staking rewards.
Each $SNORT token only costs $0.0967—perfect if you’re looking for a cheap but value-packed investment.
You can buy tokens at the official Snorter Token presale page. Our Snorter Token buying guide has all the details you need to get started.
2. Best Wallet Token ($BEST) – Store Your Digital Assets in a Highly Secure Crypto WalletWhen you buy crypto, it’s always important to store it in a secure crypto wallet. And if you’re still in the market for one, Best Wallet might just be the one you need.
It’s a non-custodial crypto wallet that ensures that you only have access to your private keys and digital assets.
You don’t need to submit any identification either because it’s a no-KYC wallet, so you keep your privacy.
To get more out of your wallet, consider getting its native Best Wallet Token ($BEST). It offers low transaction fees and even governance rights, which allow you to help decide the future of the Best Wallet ecosystem.
You can buy $BEST today for only $0.025255. You can also stake tokens to enjoy rewards or HODL as it can reach as much as $0.82 based on our Best Wallet Token price prediction.
3. Harry Hippo ($HIPO) – Have Fun, Earn Funds with the Hungry Hipo GameHarry Hippo ($HIPO) delivers both fun and funds via its Hungry Hipo game. It’s a play-to-earn competition where you stake $HIPO to play against other players and potentially win serious $$$.
If you want to play a different game altogether, you can also make money by selling your NFTs to other players.
Of course, you can also stake your $HIPO tokens to earn passive rewards. It’s currently set at 601% p.a., but this can still change depending on how many players lock in their tokens in the staking pool.
The Future is Bright for $XRP and New CryptocurrenciesAs Ripple and the crypto community at large kicks off a new week of trading with a positive outlook, expect investors to infuse projects like Snorter Token ($SNORT), Best Wallet Token ($BEST), and Harry Hippo ($HIPO) with fresh funds and boost their potential to go 1000x.
If you’re looking for your next big crypto investment, these presales are definitely worth a look.
Always remember that this isn’t financial advice and do your own research before you invest.
Джим Чанос: Инвесторы склонны переоценивать акции биткоин-компаний
Роберт Кийосаки: $107 000 за биткоин — это не дорого
Бутан внедрит криптоплатежи в экономику для привлечения туристов
Нацбанк Казахстана работает над созданием государственного резерва в биткоине
Metaplanet вошла в пятерку крупнейших публичных держателей биткоина
В Санкт-Петербурге ликвидирована незаконная майнинговая ферма
Best Meme Coins Live News Today: Latest Opportunities & Updates (June 30)
Check out our Live Update Coverage on the Best Meme Coins for June 30, 2025!
Meme coins are the centerpiece of today’s crypto boom, surfing the bullish waves like none other. Backed by unwavering support from asset managers like JPMorgan and exchanges, the momentum is rising constantly.
With a marketing cap nearing $55B, meme coins have Lamborghini potential (think 7-10x in a day). High-risk, high-reward players naturally love them, and so should you.
This page gives you the inside edge—live updates on trending meme coins, alpha from crypto degens, and whispers from FOMO-driven trading circles. If you’re hunting for the next 10x or 100x gem, you’re in the right place.
We update this page frequently throughout the day, as we get the latest insider insights on the best meme coins, so keep refreshing!
Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. $DOGE’s Falling Wedge Suggests a Run for $0.62 or Higher, Fueling All the Best Meme CoinsJune 30, 2025 • 08:02 UTC
$DOGE is in full Falling Wedge Pattern, which, according to crypto analysts, hints at another bull push.
The prediction seems more than realistic, given $DOGE’s past performance around the same indicators and the fact that the coin is currently up by over 8% over the past 7 days and almost 2% over the past 24 hours.
According to a CoinMarketCap analysis, $DOGE should reach its resistance threshold at around $0.22 and $0.244, with the bullish target marks at $0.375, $0.488, and $0.62.
As expected, $DOGE’s performance reflects onto the meme market as a whole, which has already moved into the green completely, with tokens like $FARTCOIN, $SPX, and $PENGU, recording 7-day pushes of 25%, 31%, and 77% respectively.
The same bullish wave is expected to fuel meme coins, which are already experiencing increased investor interest.
Check out the most exciting new meme coins on presale today.
You Can Now Create Meme Coins with Apple Pay Thanks to Moonshot: Here’s Top Meme Coins Can BenefitJune 30, 2025 • 08:00 UTC
Did you know you can create meme coins in as many as 3 steps using Apple Pay? Moonshot (Web3 mobile app) took care of that and gave meme degens another tool to play with.
Just upload a meme image, select ‘Create,’ pay with Apple Pay, and your Solana meme coin is alive. Just like Frankenstein’s monster, only the good doctor didn’t make much of a profit after the deed.
You will, however. Meme creators earn up to 50% of all swap fees from their token’s trading pool. If the coin reaches a $1M market cap, it gets a ‘preferred verification’ status, which puts it on Moonshot’s front-page for more engagement.
Almost simultaneously, Pump.fun added mobile app updates like feed tracking and one-button purchase for tokens. It seems the meme coin niche is spearheading the crypto industry, making it more profitable and engaging.All these advancements only bring more investor interest toward memecoins, and performance charts are about to blow in the coming rally.
To take part in the bull run, check out these top meme coins.
As Cardano Tensions Mount, Hoskinson Hints At High-Stakes Gathering
Charles Hoskinson spent his Sunday evening on X outlining what he called “one of the most important events” in Cardano’s eight-year history—a forthcoming summit where the community will attempt to settle lingering governance rifts, chart a formal Bitcoin-centric DeFi strategy, and decide whether the ecosystem needs an executive organ powerful enough to steer its narrative through hostile market perception.
“One Of the Most Important Events” For Cardano“We got Leios, Hydra, Midnight, and Bitcoin DeFi alongside governance, security and decentralization,” Hoskinson wrote on 29 June, naming the protocol upgrades he believes position Cardano to capture “the next trillion dollars of growth.”
Leios, unveiled in April, is the next iteration of Ouroboros designed to lift base-layer throughput; Hydra provides off-chain heads for high-volume settlement; and Midnight, a privacy-first sidechain, uses zero-knowledge proofs to let developers handle sensitive data. Together they form the technical spine of Hoskinson’s pitch: if Cardano can anchor Bitcoin liquidity through dedicated layer-two rails, it could vault into the upper tier of decentralized finance.
Yet, the inventor of Cardano insisted that technology alone will not suffice. “The single biggest issue is that we are missing a competent Foundation and executive authority to push these narratives into the mindset of the space,” he wrote, adding that community frustration has led “so many people [to] push for me to step up and represent the entire ecosystem.” Hoskinson distanced himself from the Cardano Foundation, replying to a community member: “I am not responsible for their current state. The Swiss government is. They liquidated the majority of the board and replaced it with the current set.”
The upcoming gathering he alluded to—widely understood to be Rare Evo, a multichain conference running 6–10 August in Las Vegas—will, according to Hoskinson, become the venue where “we need to discuss how to correct lingering governance issues, update the constitution to add delegated executive authority, get a sovereign wealth fund started, and showcase all the remarkable innovation.”
The post by Hoskinson also revisited the reputational toll exacted by what he labelled “organized trolls,” noting that accusations he had stolen “hundreds of millions” marked “the lowest point of my career.” Although no evidence has surfaced to support those claims, the episode reinforced a perception among some investors that Cardano’s internal politics are obstructing progress at a time when rival ecosystems are racing to court institutional capital.
With his statement, Hoskinson reacted to Patrick Tobler, founder of NFT-infrastructure firm NMKO who wrote: “Cardano does indeed need a narrative. And currently there’s only 1 narrative that can actually catch on: Bitcoin L2. And there’s only 1 man who has the power to push a new narrative: Charles.So the best anyone in the ecosystem can do is to support this narrative imo.”
For ADA holders the stakes are clear. Cardano’s market share in total value locked remains modest compared with Ethereum, Solana, and the emerging Bitcoin rollup scene. But with Leios promising base-layer scale, Hydra entering production, Midnight opening privacy-preserving bridges, and a Bitcoin-native DeFi track under active exploration, the technical platform is nearing readiness. Whether the ecosystem can translate that readiness into a coherent story—and whether Hoskinson himself will step formally into the role of chief evangelist—may be decided when the lights go up in Las Vegas six weeks from now.
At press time, ADA traded at $0.567.
Crypto Presales Live News Today: Latest Opportunities & Updates (June 30)
Check out our Live Update Coverage on the Best Crypto Presales for June 30, 2025!
Crypto presales are seeing an uptrend in adoption, sparked by influential market movers like Mastercard, Visa, and the influx of new ETFs. These early-stage crypto opportunities are often significantly more profitable than established coins like Bitcoin.
We’ll give you live updates on the trending presales, whale activities, projecting funding and development rounds, and critical alerts—everything you’ll need to get an edger.
We update this page frequently throughout the day, as we get the latest insider insights on the hottest presales, so keep refreshing!
Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. Robert Kiyosaki Is on a Bitcoin Buying Spree as He Regrets Not Buying at $6K: This $BTC-Centric Presale Is Set to ExplodeJune 30, 2025 • 07:30 UTC
Robert Kiyosaki (author of ‘Rich Dad Poor Dad’) admitted on X that he should have bought more Bitcoin at $6K and that he’s much too late to the party now.
Because if and when Bitcoin’s sells for $1 million a coin, I will once again be saying “I wish I had bought more.”
Even if you can afford only one Satoshi today….I believe five years from now you will be saying, “I wish I had bought more.”
Bitcoin is currently $107K+, and you better believe it’ll never return to $6K levels. But if you still want to bet on Bitcoin’s unwavering climb, then BTC Bull Token ($BTCBULL) might be the best option for you.
This presale coin is unique among other cryptos: it offers real Bitcoin airdrops when $BTC hits $150K and $200K. Currently, it’s the only memecoin that does this, and investors have bought over $7.7M of it. The presale ends in less than three hours.
If you don’t want to miss out on Bitcoin’s ascent, check out BTC Bull Token’s presale.
Crypto Adoption Explodes as Bakkt Plans a $1B Bitcoin Treasury and Metaplanet Makes Third-Largest Bitcoin Purchase, Rallying the Best Presales of 2025June 30, 2025 • 07:28 UTC
New developments in the crypto world create a growing adoption wave, with digital asset platform Bakkt Holdings, leading the headlines with a $1B Bitcoin treasury plan.
At the same time, Japanese Bitcoin treasury firm Metaplanet made its third-largest Bitcoin purchase worth $132M, acquiring 1,234 tokens at an average price of $108,129. And the news train doesn’t stop there.
Other major headlines include Ripple’s massive network upgrade, Pompiliano’s newly revealed Bitcoin treasury Procap, and Texas establishing its Strategic Bitcoin Reserve via Senate Bill 1498.
The fact that all these developments, and more, unfolded in June, gives off a strong bull signal for the best presales today, which promise to make it big in 2025 and beyond.
Read more about the best presales of 2025 here.
Bloomberg: Банк Кореи приостановил тестирование цифровой воны
Litecoin About To Complete 3rd Ever Golden Cross In History, What Happened The Last 2 Times?
Litecoin, fondly called the ‘Digital Silver’ to Bitcoin’s ‘Digital Gold’ in supporter circles, has quietly slipped under the radar over the last few years. The last time that this altcoin made headlines was back in 2023, which was a halving year. Since then, it has trended below the $100 level as the crypto market has struggled to hold up gains. Now, once again, the altcoin may be gearing up for another major move as it is close to completing a rare Golden Cross formation.
Litecoin Golden Cross Formation Is On The HorizonGolden Cross formations for Litecoin have been rare despite having been in the market for over a decade. There have only been two Golden Cross formations in the history of the cryptocurrency, meaning that this occurrence of this formation carries significant implications for the price. The Golden Cross formation happens when the 50-Week and the 200-Week moving averages cross each other, beckoning the return of the bulls.
Crypto analyst and CMT-certified expert Tony “The Bull” Severino pointed out the importance of this formation. He highlighted that another Golden Cross is about to form for Litecoin and used the performance of the previous formations to show what could happen ahead of this cross.
The first time that this Golden Cross appeared was back in 2017, and the crypto analyst revealed that the Litecoin price had seen a 700% increase ahead of the cross. Then again, in 2021, there was another Golden Cross of the 50-Week and 200-Week moving averages, which saw a 450% rally.
However, something worthy of note is the fact that the Litecoin price rallies have always happened before the Golden Cross formation was complete. Given this trend, it is possible that Litecoin is on the cusp of another major price rally before the formation is complete.
There also seems to have been some diminishing returns in how much the Litecoin price has rallied in response. Therefore, it is possible that the current rally may not be as high as the previous ones, but could still see an over 200% increase regardless. Besides, the analyst points out that a sizable rally would trigger the Golden Cross.
Currently, the Litecoin price is still trading at around $87 at the time of writing. So, a 200% rally would put the altcoin’s price above the $200 mark. If it does follow the return patterns of the previous appearances of the Golden Cross, then a 450% rally would put it above $300, and a 700% rally would set it on a path to $500.
Питер Шифф: Трамп растрачивает ресурсы США на биткоин
IRS Intensifies Scrutiny Of Crypto With Surge In Warning Letters
As crypto prices see a new rebound with Bitcoin (BTC) leading the pack, US investors are not only anticipating significant returns on BTC and other digital assets but also facing increased scrutiny from the Internal Revenue Service (IRS).
Recent reports indicate that the Internal Revenue Service has dispatched a wave of warning letters to crypto investors, raising alarms about the accuracy of the information they provided on their tax returns.
Crypto Tax Inquiries SkyrocketIn the past two months, the number of these warning letters has spiked, signaling a renewed focus on digital asset reporting. Crypto tax experts have noted that this uptick is markedly higher than in previous years.
David Kemmerer, co-founder and CEO of CoinLedger, reported a dramatic increase in support inquiries related to IRS communications. From May to June, conversations on CoinLedger about “IRS letters” surged to nearly 800, a ninefold increase compared to the same timeframe in 2024.
Kemmerer explained, “Thousands of investors are getting these letters. Naturally, when that happens, we see a flood of customers coming to us asking, ‘What do I do?’”
This sentiment is echoed by two crypto tax attorneys, Jordan Bass and Andrew Gordon, who have also observed a noticeable rise in inquiries regarding these IRS notifications.
Bass mentioned that his firm received inquiries from at least ten recipients of the letters in the last two months, a significant increase from the previous year when no inquiries were reported.
IRS Warning LettersThe IRS has a history of intensifying its efforts to ensure compliance among cryptocurrency investors. Following the agency’s acquisition of thousands of customer records from Coinbase in 2017, it implemented a series of “voluntary compliance” letters aimed at encouraging accurate reporting among investors.
The latest notices inform recipients that the Internal Revenue Service possesses information indicating they hold “one or more accounts containing virtual currency.”
While some letters advise recipients to review their reporting for accuracy, others require a response, either through amended returns or explanations justifying their reported transactions.
Interestingly, Gordon noted a potential commonality among recent recipients of the letters, many of whom had accounts on the Seychelles-based crypto exchange Poloniex, raising questions about the data the IRS may have accessed to trigger these communications.
Kemmerer speculated that the increased outreach from the IRS typically follows the agency acquiring new data, suggesting that the notices might be part of broader enforcement efforts. “I’m sure there are just people randomly getting selected, and the lucky ones get these scary letters,” he said.
Featured image from DALL-E, chart from TradingView.com
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