Koinbulteni

The MELANIA meme coin project team sold 9.99 million tokens worth $4.65 million in the past 8 days, drawing attention to Melania Trump-themed cryptocurrency. The team's significant token sales and conversion to USDC raise concerns among investors.

Thumzup Media Corporation plans to add Bitcoin to its reserves after securing $200 million in funding through a formal application to the US Securities and Exchange Commission (SEC). CEO Robert Steele announced the intention to use a significant portion of the proceeds from the sale for general corporate expenses and specifically for purchasing Bitcoin. The company aims to start sales transactions soon after the financing is secured, as stated in the documents submitted to the SEC. The company is also being represented by the New York-based law firm Sichenzia Ross Ference Carmel LLP. Thumzup Media Corporation is classified as a smaller reporting company and an emerging growth company in the application.

Vitalik Buterin suggests simplifying the Ethereum protocol like Bitcoin to reduce security risks. Changes in consensus and execution layers are proposed, including a shift to a simpler virtual machine like RISC-V. Setting a maximum code line limit aims to enhance Ethereum's simplicity and long-term resilience, potentially boosting global adoption.

A whale purchased 627.73 million HIPPO tokens worth $1.28 million in 5 days, becoming the largest holder outside exchanges. The token's price rose by 6.9% in 24 hours, attracting investor interest due to increased trading volume. Balina moves are seen as bullish signals. HIPPO's price range indicates potential for further increase, positioned at 92% below its all-time high. The token is ranked 1066th on CoinGecko with a market value of $23.88 million and a total supply of 10 billion tokens in circulation.

The European Union has implemented regulations banning anonymous crypto accounts and privacy-focused coins like Monero, Zcash, and Dash starting July 1, 2027. The Anti-Money Laundering Regulation will require identity verification for crypto transactions above 1,000 euros and establish strict monitoring by the European Anti-Money Laundering Authority. Compliance measures for crypto service providers will increase with heightened scrutiny and oversight by the EU.

Bitcoin is trading at $96,253 with a 0.4% decrease. Altcoins show mixed movements, with Virtuals Protocol (VIRTUAL) being the top gainer and Story (IP) the top loser in the past 24 hours. The crypto market cap stands at $3.102 trillion.

Douro Labs CEO Mike Cahill mentioned that the US Non-Farm Payrolls Report could impact the Fed's future interest rate decisions and may directly affect the price of Bitcoin. Weak employment data could lead to a Fed rate cut, potentially supporting Bitcoin's price. Cahill highlighted Bitcoin's sensitivity to interest rates, making it a global macroeconomic indicator. Institutional investors are monitoring central bank decisions closely, treating Bitcoin differently from traditional assets. Markets currently do not expect a Fed rate cut, but investors are already factoring in potential future cuts into Bitcoin's price.

Experts believe that potential Fed interest rate cuts will support Bitcoin more than stocks following the first contraction in the US economy in three years. Economic data from the US strengthened expectations of a new rate reduction, influencing the rise of Bitcoin prices amidst slowing economy and stock market worries. Valentin Fournier noted the correlation between inflation nearing the Fed's 2% target and enhanced expectations of multiple interest rate cuts, potentially benefiting alternative investments like cryptocurrencies over stocks. Fournier highlighted increased Bitcoin ETF demand as indicative of a strategic shift towards direct response to Bitcoin price movements by investors.

Bitcoin may be gearing up for a new rally driven by increased short-term holder activity. Analysts are closely watching the surge in short-term holder activity, which historically precedes significant price increases. This trend could signal a potential uptrend towards surpassing the critical $100,000 level.

Bitcoin price surpassing $97,000 marks with strong liquidity, increased institutional investments, and active altcoin movement, indicating possible continued uptrend. Expert views emphasize sustained momentum, rising investor appetite, deepening market structures, and growing institutional interest as key drivers influencing the current bullish trend. Further developments in institutional investments, notably a substantial Bitcoin purchase plan by Strategy, contribute to the growing market consolidation and positive outlook for Bitcoin prices in the near future.

Higher than expected non-farm employment data in the US led to a rapid increase in Bitcoin price. Analysts attribute the simultaneous rise of the Dollar and Bitcoin to increased risk appetite due to strong economic data, alongside ongoing uncertainty regarding the Federal Reserve's interest rate policies. Investors are advised to closely monitor future Fed meetings.

Bitcoin surpasses $97,000 with optimism from a potential trade deal between the US and China, as investors eye the $100,000 level. Traders remain cautious due to previous uncertainties and the slim 20% probability of a deal by June. Potential market volatility looms if the agreement falls through.