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MSTR Hints At A Massive Bitcoin Purchase Strategy has shown no signs of slowing down its Bitcoin accumulation streak, with the company founder, Michael Saylor, signaling a new purchase. Saylor has shared the MicroStrategy Portfolio Tracker in an X post, a telltale sign for an incoming Strategy purchase announcement. Saylor has flashed the signal for the eighth consecutive week, following each portfolio tracker post with a Strategy Bitcoin purchase within hours. According to the tracker, Strategy holds 580,955 BTC on its balance sheet valued at $61.44 billion at current prices.A new purchase announcement will bring Strategy one step closer to the 600,000 BTC milestone. Saylor accompanied his tracker post with the caption, “Send more Orange,” but it remains unclear if Strategy will splurge on 20,000 BTC to reach the milestone at once. Last week, Strategy bought 705 BTC for $75 million in a conservative purchase, a decline from its 4,020 BTC purchase a fortnight ago. Saylor has recently unveiled a new preferred stock offering to raise funds for its Strategy Bitcoin purchases.Bitcoin And MSTR Price Are Up A symbiotic relationship between Bitcoin and MSTR is forming, with both assets leaning on each other. Consecutive Strategy Bitcoin purchases have driven Bitcoin to a previous all-time high, while MSTR is reaping the returns of aggressive BTC treasury operations. MSTR is up by 126% over the last year, with Michael Saylor highlighting the Strategy stock’s performance over Big Tech rivals. MSTR outperformed the yearly returns of Tesla (TSLA), Microsoft (MSFT), and Apple (APPL) by a country mile. Conversely, Bitcoin is sitting on a one-year return of 52.39% in a year driven by retail and heavy institutional adoption. Michael Saylor’s Strategy Bitcoin purchase is fuelling the influx of new corporate players into the space, with 16 companies announcing Bitcoin treasuries in the last week. The flagship cryptocurrency is currently trading at $105,696 at the moment, down by 5.5% from its all-time high of $111,970. #MSTR
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3 Charts Reveal Why Ethereum Price Rally to $4,000 May Still Be Intact Explore three chart patterns that suggest why Ethereum price may rally past $4,000 despite an 11% drop in under two weeks.Ethereum (ETH) is down by 11% since recording a swing high of $2,700 on March 29. Despite this drop, three different charts suggest that an Ethereum price rally to $4,000 may still be intact, and the momentum remains bullish. ETH price remains up by 27% in one month, with the price fluctuating between $2,400 and $2,660 in the last seven days.3 Charts Predict an Ethereum Price Rally to $4,000 May Still be Intact Three different chart patterns suggest that despite the bearish headwinds rocking the crypto market in June, Ethereum price may still surge to $4,000. These include: Ethereum Market Dominance Chart ETH/BTC Chart Ethereum Key Support Chart Ethereum Market Dominance The first chart showing that Ethereum price could resume its bull run to $4,000 is the ETH market cap dominance chart. The chart shows that Ethereum’s dominance recorded a rapid surge in May before the uptrend cooled and formed a consolidation range.This formation depicts the creation of a bull flag pattern, which may spark a 32% surge in Ethereum’s dominance if resistance at the flag is breached. This surge could push ETH’s dominance to 13%, and the last time it was this high, in December 2024, Ethereum price traded at $4,000. $BTC $ETH
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The boring situation of the markets continues. Another holiday has passed with a decline. $BTC continues to be priced at $105,000. 4 SETH is at $2500. The fact that Ethereum and Bitcoin maintain these levels gives hope for the future. BlackRock's Ethereum purchases have reached striking levels. Positive statements are coming from the BlackRock CEO about Ethereum. We see that preparations are being made for Ethereum. The rise of Ethereum will increase all altcoins. #Ethereum #Bitcoin #Bullish #ETH #BTCPriceAnalysis
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Important names of the Terra Classic community will attend the INTERCHAIN SUMMIT conference to be held in Berlin, Germany on June 20-21. VegasMorph, one of the most important names of the Terra Classic community, is also among those who will attend this event. The most important topic of the conference will be O$LUNC and $USTC. The Terra Classic community is now taking action. We are close to good developments in LUNC and USTC... #TerraLunaClassic #Bullish #LUNC✅ #USTC
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South Korea should vigorously support the development of a stablecoin market based on the Korean won to "prevent national wealth from flowing overseas." South Korea has a comprehensive regulatory framework for cryptocurrencies, overseen by the Financial Services Commission (FSC). Here are the key aspects: - *Registration and Compliance*: - Crypto exchanges must register with the FSC to operate legally. - Exchanges need to collaborate with local banks for real-name verification accounts. - Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures are mandatory. - *Regulations*: - The Act on the Protection of Virtual Asset Users (VAUPA) safeguards user assets and prevents unfair practices. - Virtual Asset Service Providers (VASPs) must store at least 80% of users' assets in cold wallets. - Strict penalties, including fines and imprisonment, are imposed for non-compliance. - *Taxation*: - A 20% tax on cryptocurrency profits exceeding 2.5 million won ($1,800) was initially planned but has been delayed until 2028. - *ICOs and STOs*: - Initial Coin Offerings (ICOs) are banned due to concerns over fraud and market manipulation. - Security Token Offerings (STOs) are viewed positively, with regulations being developed to allow them under the Capital Markets Law. - *Recent Developments*: - President Lee Jae-myung's administration is expected to accelerate crypto integration into the regulatory framework. - The Digital Asset Basic Act (DABA) may be enacted, proposing a self-regulatory body, stablecoin approval system, and clearer rules for crypto service providers. - *Notable Initiatives*: - Spot crypto exchange-traded funds (ETFs) might be approved, allowing the National Pension Service to invest in digital assets. - A won-based stablecoin, backed by fiat currency, is being considered to promote innovation and stability. Overall, South Korea's crypto policy aims to balance innovation with investor protection and regulatory compliance. #SouthKoreaCryptoPolicy #TaxationInCrypto #Stablecoins
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