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Binance cracks down on bot farming on Binance Alpha

Binance has identified and moved to restrict the use of bots exploiting Alpha, its early-access token distribution system, the exchange said on June 4. In a post, Binance said it had “recently detected certain groups using bots to participate in Alpha activities, which undermines the fairness of the Binance Alpha Points program.” It added that it had taken measures to halt the activity. “We have upgraded our risk control systems to enhance the detection and handling of such behavior,“ the exchange said. Binance said any use of bots will be…

Retail FOMO’d, Pump.fun Profited: Where Did Altcoin Season Go?

Key Notes Ethereum’s ETH/BTC chart hints at a potential altcoin season, but broader altcoin momentum remains missing. Pump.fun has capitalized on meme coin mania, earning $700M while most altcoins stagnate. Analyst claims that it is actually the perpetual market that sidelined meaningful altcoin rallies this cycle. As the crypto community watches for signs of a long-awaited altseason, Ethereum ETH $2 635 24h volatility: 0.9% Market cap: $318.17 B Vol. 24h: $14.71 B appears to be showing early signs of strength against Bitcoin BTC $105 496 24h volatility: 0.2% Market cap:…

Bitcoin Retail FOMO Not In Yet as BTC Price Hits $105,000

Key Notes Institutional investors, other than retail buyers, are the primary driver of Bitcoin price resilience. The top coin has seen intensive demand from ETF buyers and Bitcoin treasury firms. Beyond BTC, investors also have an alternative option in Solaxy. Currently, retail investors in the crypto market are not making moves that suggest euphoria, despite the price of Bitcoin BTC $105 496 24h volatility: 0.2% Market cap: $2.10 T Vol. 24h: $26.57 B hitting $105,000. Blockchain analytics platform CryptoQuant has studied the market trend over the last eight days and…

Bitcoin ETFs Roar Back After Three-Day Dip as Ether ETFs Extend Inflow Streak to Twelfth Day

Bitcoin ETFs rebounded from a three-day outflow streak, notching a $378 million inflow, led by ARKB and FBTC. Ether ETFs extended their bullish momentum with a twelfth consecutive day of inflows, totaling $109.43 million. Crypto ETFs See Over $487 Million Combined Inflows Investor optimism returned in full force as bitcoin exchange-traded funds (ETFs) returned from […] Original

XRP ETF Approval Chances Hit 98%, Will US SEC Delays Stop?

Key Notes US SEC’s approval of an XRP ETF is most likely to happen in Q4, as per experts. With heightened optimism around ETF approval and legal clarity, XRP’s price has risen by 2.64% to $2.25. Ripple lawyer Bill Morgan reaffirmed the court’s ruling that XRP is not a security, countering Bitcoin community claims. The chances of the US Securities and Exchange Commission (SEC) approving an XRP exchange-traded fund (ETF) hit a massive 98% on June 3, as per decentralized prediction platform Polymarket. As of today’s date, the approval chances…

Ethereum ETF inflows and ETH/BTC strength hint at potential breakout for ETH price.

Key takeaways: Ether’s price is up 46% in 30 days. ETH/BTC is up 30% in the past month, signaling stronger demand for Ether. Spot Ethereum ETFs see 12 consecutive days of inflows. Ether’s price is up by 7% over the last three days, leading to optimism among traders that the biggest altcoin is ready for a breakout. Interestingly, the ETH/BTC trading pair has also increased, boosting Ether’s recovery prospects in the coming days. Traders expect ETH price recovery to continue Data from Cointelegraph Markets Pro and TradingView showed Ether’s (ETH)…

Bitcoin Moonshot? Trader Bets on 28% Surge in BlackRock’s Spot BTC ETF (IBIT) by Month-End

A bold bet on BlackRock’s spot bitcoin ETF (IBIT) crossed the tape Tuesday, suggesting expectations for a “moonshot” or rapid price surge in the world’s largest publicly listed fund by month-end. On Tuesday, a trader picked up 3,000 contracts of the IBIT $77 strike call option expiring on June 27, according to data source Barchart.com. The trader paid a total premium of $39,000 for the bullish exposure. A call option gives the purchaser the right, but not the obligation, to buy the underlying asset at a predetermined price on or…

Fans Burned? Cardi B Pumps WAP Token, Then It Crashes 90%

Key Notes Cardi B promoted WAP again, including a wallet address and a provocative caption. WAP’s market cap collapsed from $2 million to $150,000 within minutes. Analysts flagged the posted wallet as previously linked to suspicious crypto activity. American rapper Cardi B has once again promoted the controversial cat-themed meme coin Wet Ass Pussy [NC] on her official X account. The post also included a crypto wallet address and the caption “even wetter than last time.” https://twitter.com/iamcardib/status/1929971521436504363 Within minutes of the tweet, WAP’s market capitalization dropped from $2 million to…

SEC Eyes Crypto Policy via ‘Notice and Comment’ Process

Key Notes SEC to use “notice and comment” instead of lawsuits for crypto regulation. New Crypto Task Force aims to streamline policy across SEC divisions. Chair Paul Atkins plans clear rules for crypto issuance, trading, and custody. Paul Atkins, chair of the U.S. Securities and Exchange Commission, informed Congress that under his leadership, the commission will shape crypto policy through the “notice and comment” process rather than relying on “regulation by enforcement.” The SEC chair made this known through a June 3 remark to the Senate Appropriations Subcommittee on Financial…