They might continue their voyage once the IKONIC Metaverse is operational

They might continue their voyage once the IKONIC Metaverse is operational. This job has taken a lot of effort and time. Players will get a fresh perspective on the metaverse via this experiment. Fans and experts alike will benefit from IKONIC's metaverse settings being used as friendly components. NFTs, such as receivers and speakers, are required for virtual meetings. Attending sporting events with your pals is a terrific way to strengthen your social ties. NFTs may be used to purchase tickets to sporting events and performances. These items may be needed in the future.

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#IKONIC #CRYPTO #BSC #BINANCE #BITCOIN

Free daily Bitcoin stacking apps

Both of these apps provide daily bitcoin (satoshi) rewards. No purchase necessary- though you’ll earn even more rewards with various qualifying purchases.

Note: US only

1. Lolli - provides a daily satoshi (smallest unit of bitcoin) reward for logging in and claiming the “daily stack”. Additional rewards are available through purchases at some of your favorite retailers.

Use my referral link https://lolli.com/share/GX7ASC

To receive $5 dollars worth of bitcoin after your first qualifying purchase.

1. Fold - daily spin rewards for a chance to win up to 1mill sats (.01 btc) and daily btc rewards through games and other promotional events. Additional awards are available through gift card purchases and using the fold prepaid card.

Use my referral link: https://use.foldapp.com/r/7AEFEW4K

To receive 5,000 free sats!

Free Daily BTC stacking apps

Both of these apps provide you with daily bitcoin (satoshi) rewards (no purchase necessary- though you’ll earn much more with qualifying purchases.

1. Lolli - provides a daily satoshi reward for logging in and claiming the “daily stack”. Additional rewards are available through purchases at some of your favorite retailers.

Use my referral link https://lolli.com/share/GX7ASC

To get $5 dollars in btc after your first purchase.

1. Fold - daily spin rewards for a chance to win up to 1mill sats (.01 btc) and daily btc rewards through games and other promotional events. Additional awards are available through gift card purchases and using the fold prepaid card.

Use my referral link: https://use.foldapp.com/r/7AEFEW4K

To receive 5,000 free sats!

Could it be a bubble?

I would like to ask you about the current status of cryptocurrencies.

I believe in Bitcoin but the recent events (bear market, devaluation, etc) and the control of the most part of Bitcoins by millionaires make me think that it's going to turn to something similar as fiat currencies (Maybe not being controlled by governments but being controlled by companies or rich people).

I would like to read you thoughts, fears or any idea about it. Do you think that this tool could be turn against us??

Apologize for my English. It's not my first language.

The crypto market dropped in May, but June has a silver lining

The top 10 largest whale addresses of stablecoins DAI and USDC show an increased trust level in the two assets amid the UST debacle.

May 2022 was not for the faint-hearted. Even the most embattled and experienced crypto traders were tested in the first two weeks of the month on a brutal drop following the United States Federal Reserve’s announcement that interest rates would be rising by 0.5%.

Crypto used to exhibit a lower correlation with real-world events and was generally unaffected by capitalistic successes and failures. However, a very steady approximate peg between Bitcoin (BTC) and the S&P 500 index was seen throughout the first five months of 2022. Inflation and war fears have not been kind to both markets either.

Crypto mimicking the equity market could be due to the massive market capitalization growth in 2020 and 2021. At unprecedented rates, retail investors from equities have flocked to cryptocurrencies, causing a far greater overlap in price movements.

Bitcoin dipped below $29,000 before coming back up to $31,800 on May 31, while Ether (ETH) fell to just above $1,700 before reclaiming prices above $1,900 by May 30. But many altcoins fared far worse, and the resulting reactions from once-patient traders turned to about as much FUD as one would imagine.

Four stablecoins, two different directions

TerraUSD (UST) — now known as TerraUSD Classic (USTC) — was a stablecoin built on the Terra blockchain and sitting in the top six stablecoins by market cap. However, on May 9, the coin, which was designed to maintain a $1 value all the time, progressively dropped down to $0.29, leaving the crypto world in shock. Its price has not recovered since.

As for how this impacted the rest of the stablecoin landscape, a major “shuffling of the deck” resulted from a trusted stablecoin’s reputation imploding overnight. Tether (USDT), the largest stablecoin by market cap, saw a fall of its own, albeit one much less drastic, to $0.95. It has since recovered, but there have been renewed claims about the coin’s solvency.

Dai (DAI) and USD Coin (USDC) seemed to reap the reward amid the debacle as the above chart clearly indicates the top 10 largest whale addresses from each stablecoin show an increased trust level in these two assets, and coins moving in massive waves onto exchanges from USDT and UST (now TerraUSD Classic). Binance USD (BUSD) also can’t be ignored, as the third-largest stablecoin grew to a nearly $19-billion market cap last month.

LUNA’s tragic fall from grace

UST’s sister token LUNA Classic (LUNC) — the updated name for the original LUNA token — plunged from its all-time high of about $119 just seven weeks ago and now sits at a staggering $0.000125, equating to a -99.9999% decrease in price and market cap. UST’s depegging from $1 appeared to be the final nail in the coffin as the algorithm wasn’t swift enough to burn LUNC when UST was in freefall due to large withdrawals on the Anchor Protocol.

I’ve made my own coin. How to prove it is for the community and not for rug pull?

As title said, I have no intention to get money and run off but sadly I am holding 75% of the total coins. I can burn some but still a big bag of coins are reserved for future events and givaway to the community and charity for the upcoming years.

I cannot gain trust and get larger players to invest because they see me as a treat to rug pull. What can I do to gain their trust?

Background: I originally created a coin just for fun and share with some internet friends. But eventually it had quite some attention, got people asking me to make a good clause out of the coin and run it properly. I bought bitcoin and stuff, but managing a coin is something totally new for me. Any help is appreciated.

PS: It is an algo chain ASA token, and I have no experience in whitepaper / ICO kind of stuff.

As Bitcoin Slumps, BTC Miners Sell Of Their Tokens Creating Panic In The Market

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The broader crypto market has been in a state of a downward price swing, with Bitcoin going lower almost daily. Before now, Bitcoin miners have put away some BTC tokens waiting for their sunny days to reap. However, the continuous price drop of virtual assets has set a constant downtrend for the most significant crypto token.

Hence, miners are selling out their holdings to flatten the rising costs of operations and other activities as Bitcoin makes some rebounding steps.

As per reports, there is an increase in the transfer of BTC tokens from miners to exchanges. The record shows a progressive rise from January, with the highest value for May at 195,663 BTC. With BTC’s average price of $32K in May, the total value is $6.3 billion for the sold tokens.

Related Reading | Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently

The high value could not possibly be just a sell-off from miners. Some of them could move their holding for other transactions in exchanges. Also, some prominent firms might have transferred vast amounts of the BTC tokens for sale through exchanges.

With Bitcoin’s price having dropped about 35% this year, different categories of sellers are emerging in the market. Some small-scale miners encountered enormous liquidation challenges.

Riot Blockchain Inc. is part of the sellers. The public trading miners were involved in BTC stockpiling through price bets for token appreciation. In addition, equity investors have been using the firm as a proxy to receive cryptocurrency exposure that cuts absolute ownership of the assets.

Reasons For The Increased Bitcoin Sell-Off From Miners With the trend of events within the bear market, holding on to cash for large-scale miners is becoming more complex. This is due to the inability to raise funds through stock sales or debts. Hence, they are placing their hunts for more profit through possible expansions.

An example is the recent Riot’s ongoing mining facility which they are building in Texas with a 1-gigawatt capacity. This new move was a project kick-off after they finished their mining farm of 750 megawatt, which remains among the largest ones in the US.

While reacting to the situation, Will Foxley, Compass Mining’s content director, offers his opinion on the BTC sales. He stated that miners might be focusing on a larger crypto environment. Hence, they see it as a wise opportunity to sell their BTC holdings to retain the safety of their operations.

Bitcoin climbs above $31k | Source: BTCUSD on TradingView The entire saga falls back on the challenges miners face during the low-price drop in the market. Some miners have ordered machines in the BTC bullish trend for months. So, even with the price drop, they are still expected to complete the payment.

Related Reading | Bullish: Bitcoin Marks First Green Weekly Close After Two Months In The Red

Matthew Schultz, CleanSpark executive chairman, reports that some miners will have no option of weathering the storm but to liquidate their holdings.

Featured image from Pexels, charts from TradingView.com