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#BlackRockETHPurchase #ETH🔥🔥🔥🔥🔥🔥 #ETHETFsApproved
$ETH
BlackRock has made a significant move in the cryptocurrency market by purchasing $34.7 million worth of Ethereum (ETH) through its iShares Ethereum Trust.
On June 5, the firm added 27,846 ETH, worth $73.21 million, bringing its total holdings in Ethereum to approximately 1.49 million ETH, valued at $3.93 billion.
This marks the 12th consecutive day of inflows into Ethereum by BlackRock, underscoring the firm’s strong belief in the digital asset.
These consistent purchases highlight the growing institutional interest in Ethereum. The $34.7M worth of ETH acquired by BlackRock signals that large investors are positioning themselves for Ethereum’s potential long-term growth.
Currently priced at $2,572, Ethereum’s market trajectory will be influenced by broader trends, including the rising institutional investment in the crypto.
This wave of institutional investment is contributing to Ethereum’s growing traction, which could signal a shift in sentiment toward a more bullish outlook for the asset.

#Xrp🔥🔥

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With the 200 EMA hovering just below it like a do-or-die level, XRP is currently at an intriguing crossroads as its price is clinging to the $2.20 zone. Beyond price charts, however, there is a more significant development at play: XRP's on-chain activity is getting close to a significant milestone: one million active transactions. Not just a figure, this indicates how vibrant the network is and how much real-world use it is receivin

With resistance at $2.30 and $2.25 and the 200 EMA serving as a critical support at $2.08, the price of XRP is technically trapped in a narrowing wedge. There may be a collision in momentum as the 50 EMA recently crossed the 10 EMA. The transaction volume is what ignites a bullish undercurrent even though price action is still capped. There is no denying the enormity of network activity. 

#Xrp🔥🔥 106,313,218 Solana (SOL)

#CircleIPO #PCEMarketWatch #TrumpTariffs #CircleIPO $BTC
Date:
May 4, 2025
Written By:
Sam Wisdom Raphael

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An XRP community analyst shares how much investors need to be among the top 10 XRP Rich list, suggesting most individuals will not make it.
The commentary comes as XRP faces bearish pressure, struggling to maintain momentum above the $2.2 level. Since late April, the asset has remained bound within this price range, despite experiencing brief surges and dips. Currently, XRP is trading at $2.21 as market uncertainty grows.
Amid this price stagnation, investor sentiment has grown cautious. However, industry figures like Edoardo Farina, Head of Social Adoption at XRPHealthcare, view this period as an attractive accumulation phase. 
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Farina has continued to stress XRP’s long-term potential, pointing out that the current lull in price presents an opportunity for investors to accumulate tokens before the next major uptrend.
As part of this campaign, he recently reviewed the XRP Rich List, an unofficial leaderboard of wallet holders ranked by XRP holdings. His analysis revealed that the total number of XRP wallets has reached 6.4 million. 
The XRP Rich List
Despite this figure, he warned that wallet count does not equate to individual holders. Many users, including himself, own multiple wallets for various purposes, such as trading, self-custody, and diversification.
According to Farina, most of these wallets are either inactive, custodial, or contain negligible amounts of XRP. In fact, he referenced estimations indicating that roughly 60% to 70% of wallets on the XRP rich list could fall into these categories, leaving only about 30% to 40% as active, self-custody holdings. 
Farina stated that AI analysis, such as estimations from ChatGPT, suggests that the real number of XRP holders might lie between 1.5 and 2 million. He believes the actual count is closer to one million.
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This incredibly low number, when compared to the global population, shows the exclusivity involved in XRP market participation. According to these estimates, less than 0.025% of the world’s population holds any XRP. Farina believes this indicates how early most investors still are.
Meanwhile, citing on-chain data, Farina pointed out that to secure a rank among the top 10% of XRP wallets, an individual would need to hold about 2,500 XRP. At current market prices, this equates to an investment of roughly $5,000. 

Notably, this threshold is rather low for such an exclusive group, presenting an opportunity for those who look to leverage it early enough. “You need about 2,500 XRP and you would be among the top 10% XRP holders, the top 10% wallets. And that’s insane,” Farina said.
“99% Will Not Make It”
He also discussed a misconception that XRP’s rise will result in widespread wealth, as he believes only a small group of holders would continue to hold XRP when it reaches its full potential. As a result, he dismissed the idea that governments or elites would be concerned about a small group of investors becoming wealthy. 
“Do you really think the government or the elites or the ones in control running the system really care that a tiny amount of holders are going to make $250,000? Hell no,” Farina stated.
Speaking further, he argued that very few people will have the patience or conviction to hold XRP through its entire growth curve. Most will likely sell during incremental price milestones such as $10, $30, or $100. 
Farina suggested that only around 10% of current holders might remain invested by the time XRP reaches a potential $1,000 valuation. While some have touted this goal, others still believe it is largely impossible amid the current market conditions.
Farina noted that those who seek to enter the XRP rich list can do so with minimal amounts now. While the opportunity still exists, he warned that 99% of people won’t reach the finish line. He argued that investors must have a long-term vision if they hope to truly benefit from XRP’s potential future.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

#MarketRebound #EDGENLiveOnAlpha #SaylorBTCPurchase #FTXRefunds

F
u$BTC tures
On the Binance Futures PNL Analysis page, you can check your Futures Wallet PNL data, including the absolute amount and percentage across different time frames. This section explains the calculation logic for the PNL numbers displayed.
How to access the Futures PNL Analysis page?
Log in to your Binance account and go to the Futures USDⓈ-M or COIN-M trading interface. On the lower right corner, select [Futures PNL Analysis].

How to calculate the overall Futures PNL?
PNLEnding Wallet Balance (Current Time) - Beginning Wallet Balance (00:00 on the Start Date) - Net InflowPNL %PNL during the Selected Time Frame / (Beginning Wallet Balance + Inflow)Cumulative PNL%Cumulative PNL / [Day 1 Asset + Average (Cumulative Net Transfer from Day 1 to N)]
Note: Wallet balance does not include unrealized profits/loss until the position is closed. It is different from margin balance, which takes into account the unrealized profits and losses.
Example:
At T + 0 hour, User A has 11,000 USDT and bought 0.2 BTC worth of BTC/USDT perpetual contracts at an entry price of $50,000.
At T + 8 hours, the BTC price has increased to $52,000 and User A has to pay a funding payment of 50 USDT.
Beginning Wallet Balance (T + 0h) = 11,000 USDTEnding Wallet Balance (T + 8h) = 11,000 - 50 = 10,950 USDTNet Inflow = 0Today’s PNL = 10,950 - 11,000 = -50 USDTToday’s PNL % = -50 / 11,000 = -0.45%
At T + 9 hours, User A transfers in an additional 1,000 USDT:
Beginning Wallet Balance (T + 0h) = 11,000 USDTEnding Wallet Balance (T + 9h) = 11,000 - 50 + 1,000 = 11,950 USDTNet Inflow = 1,000 USDTToday’s PNL = 11,950 - 11,000 - 1000 = -50 USDTToday’s PNL % = -50 / 11,000 = -0.45%
At T + 25 hours, BTC price has increased to $55,000 and user closes his position after paying another funding payment of 50 USDT:
Beginning Wallet Balance (previous EOD) = 11,950 USDTProfit = (55,000 - 50,000) * 0.2 = 1,000 USDTEnding Wallet Balance (T + 25h) = 11,950 - 50 (funding payment) + 1,000 (profit) = 12,900 USDTNet Inflow (for today) = 0Today’s PNL = 12,900 - 11,950 = 950 USDTToday’s PNL % = 950 / 11,000 = 8.64%
Cumulative PNL = (-50) + 950 = 900 USDT
Cumulative PNL% = 900 / [11,000 + (1000 / 2 days)] = 900 / 11,500 = 7.83%

Further This Summer, Bank of America Warns
Weakness in the U.S. dollar is widely seen as positive for dollar-denominated assets, such as bitcoin and gold.
By Omkar Godbole|Edited by Parikshit Mishra
Updated June 2, 2025, 6:55 PM. Published June 2, 2025, 2:35 PM. Translated by AI

What to know:
Bank of America warns that the U.S. dollar may face further declines this summer, following a 9% drop this year due to tariff concerns.
The dollar's weakness could benefit dollar-denominated assets like gold and bitcoin.

#MyCOSTrade #CEXvsDEX101 #TradingTypes101 $BTC $ETH $XRP

Updates:
- Bitcoin Price: $105,563.00 with a 0.80% increase
- Ethereum Price: $2,537.63 with a 0.02% increase
- Top Gainers:
- Popcat (POPCAT): $0.377156 with a 3.32% increase
- dogwifhat (WIF): $0.875979 with a 2.60% increase
- Bonk (BONK): $0.0000168 with a 1.35% increase
Recent News:
- Tokenized Private Credit: Breaks $13 billion barrier, indicating growing interest in tokenized assets
- Circle Files for IPO: A significant development for the stablecoin issuer
- India Eyes Crypto Tax Cut: A potential boost for the crypto industry in India
- ZachXBT Flags Legal Gaps: After a teenager's $37 million crypto theft, highlighting security concerns
Trending Cryptocurrencies:
- Pi Coin: Expected to perform well this week
- Immutable: Another cryptocurrency to watch
- Zebec Network: Showing promise in the crypto market
Other Developments:
- Kyrgyz Republic to Launch Gold-Backed Stablecoin: USDKG, pegged to the US dollar, expected in Q3 2025
- Trump Media Raises $2.44 Billion: For building a Bitcoin treasury, indicating growing institutional interest ¹

Binance P2P Scam Alert: How to Stay Safe While Trading

Peer-to-peer (P2P) cryptocurrency trading has revolutionized how users buy and sell digital assets. Binance, one of the world's largest crypto exchanges, offers a P2P platform that allows users to trade directly with each other. While this feature provides flexibility and often better rates, it has also opened the door to scammers who exploit unsuspecting users. This article serves as a scam alert and offers practical tips on how to avoid falling victim to fraud on Binance P2P.

Understanding Binance P2P

Binance P2P enables users to post offers to buy or sell cryptocurrencies such as USDT, BTC, BNB, ETH, and more, using their local currency. These transactions are secured through an escrow service that holds the crypto until the buyer confirms the payment. While the system is designed with user safety in mind, it relies heavily on trust between the parties, which is where scams can occur.

Common Binance P2P Scams

Fake Payment Confirmations

One of the most common scams involves a buyer claiming they’ve made a payment when they haven’t. They pressure the seller to release the crypto quickly, often using fake receipts or urgency tactics. Once the crypto is released, the scammer disappears without paying.

Chargeback Fraud

A buyer may use a reversible payment method like a bank transfer or PayPal. After receiving the crypto, they file a chargeback with their financial institution, falsely claiming the transaction was unauthorized. This results in the seller losing both the crypto and the payment.

Phishing and Impersonation

Scammers may impersonate Binance customer support or pose as reputable traders. They trick users into sharing sensitive information or clicking on malicious links that compromise their accounts.

Account Freezing Scams

In some cases, scammers pay with stolen bank accounts or cards. After a transaction, the rightful owner of the stolen account reports fraud, leading to the freezing of the seller’s bank account and possible legal consequences.

How to Protect Yourself

Never Release Crypto Without Confirmed Payment

Always verify that the payment has arrived in your account before clicking “Release.” Never trust screenshots or messages from the buyer claiming to have sent the funds.

Use Reputable Payment Methods

Avoid high-risk or reversible payment options. Bank transfers are usually safer, especially those with instant and non-reversible features.

Check Trader Reputation

Binance provides information about each user’s trading history, including completed trades and feedback scores. Stick to high-rated users with a solid track record.

Avoid External Communication

Keep all communication within the Binance app. Scammers often try to move conversations to WhatsApp, Telegram, or email, where they can more easily deceive you.

Report Suspicious Activity

If you suspect a scam, report it immediately through Binance’s official support channels. Timely reporting can help protect others and possibly recover lost assets.

Conclusion

While Binance P2P offers a convenient way to trade crypto, users must remain vigilant to avoid scams. By following best practices, verifying payments, and trading with reputable users, you can enjoy the benefits of P2P trading without falling victim to fraud. Remember, if a deal sounds too good to be true, it probably is. Stay alert, stay informed, and trade safely.

#ETHMarketWatch $ETH The Future of Ethereum
Ethereum, the second-largest cryptocurrency, has shown immense potential since its inception in 2015. With its smart contract functionality and decentralized applications (dApps), Ethereum has been widely adopted.
Current Trends:
- DeFi and NFTs: Ethereum's DeFi ecosystem has grown rapidly, with applications like Uniswap and Aave. NFTs have also taken off on Ethereum, with marketplaces like OpenSea.
- Scalability Solutions: Solutions like Optimism and Polygon are improving transaction speeds and reducing fees.
- Institutional Adoption: Ethereum is gaining traction among institutional investors, with companies like Grayscale offering Ethereum-based investment products.
Future Predictions:
- Ethereum 2.0: The upcoming upgrade promises significant improvements to scalability, security, and sustainability.
- Increased Adoption: Growing developer and user adoption will drive demand for Ether (ETH) and other Ethereum-based assets.
- Regulatory Clarity: Clearer guidelines will accelerate Ethereum's growth and adoption.
Challenges:
- Scalability: Ethereum's scalability issues need to be addressed for mainstream adoption.
- Competition: Ethereum faces competition from other blockchain platforms.
Conclusion:
Ethereum's future looks promising, with ongoing developments and increasing adoption. While challenges exist, the potential for growth and innovation is significant. As the blockchain space evolves, Ethereum is well-positioned to remain a major player.
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