Category: News

The crypto scene just got a delicious little pump these last 24 hours with Bitcoin climbing 4% and Solana leaping 9%. Yet MemeCore blasted past every top 100 asset by rocketing 80% overnight turning it into the third largest meme coin and maybe eyeing Shiba Inu next if the darkness holds. 🖤

Can This Surge Last Forever? 🌑

MemeCore now sits near 1.50 with a market cap just under 2 billion ranking it the 40th biggest crypto overall. The wild revival hit days after it plunged 76% amid manipulation whispers. Hours later the team dropped this on chain review update swearing no shady protocol stuff no weird treasury moves and everything running smooth.

“Our review confirms: – No issues affecting the protocol or infrastructure. – All core systems continue to operate normally. – No token sales were conducted by the MemeCore Foundation. – No unusual activity has been identified regarding the Foundation’s treasury or project operations,” the announcement reads.

That announcement looks like the spark lighting today’s July 2 jump even while cautious voices linger.

Sinister Warnings Ahead 🕷️

Its Relative Strength Index already hit 82 screaming extreme overbought territory that often drags prices lower soon. Plenty of sharp analysts keep calling it out as risky with past claims of heavy insider control. One trader noted the climb came from forced short covering while another vowed to short it all the way down claiming it deserves zero value.

“I will DCA all the way up to 3 and beyond. My whole reputation and net worth will go into shorting this manipulative team and coin to ZERO. It’s worth ZERO; they want to rug you twice. If you’re buying you will be REKT,” he added.

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Just another echo from the void by iconofsin.eth 💖

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Standard Chartered has become the first global systematically important bank to let institutional clients mint and redeem USDC directly through its banking platform the lender has said. The service removes the need for eligible clients to open separate accounts with Circle the issuer of USDC giving them a single onboarding process for both traditional banking and stablecoin access.

Banking Giant Integrates USDC Minting 🏦

The new service announced on July 2 has been developed in collaboration with Circle and will let institutional clients that qualify to mint and redeem USDC through Standard Chartered’s operations in the Dubai International Financial Center. According to the bank clients will be able to access banking custody and digital asset services through one integrated platform while using USDC for on-chain settlement and treasury management. Initially the offering will be available only through the bank’s DIFC business. However Standard Chartered said it plans to expand it to more markets once it receives regulatory approvals.
“Digital assets are becoming an increasingly important component of global financial infrastructure and institutional clients are seeking the same levels of trust and governance that underpin traditional markets” said Roberto Hoornweg Standard Chartered’s chief of corporate and investment banking. Furthermore he noted that the launch is meant to support wider institutional participation in crypto markets through established compliance and risk management standards. Crypto market watchers viewed the announcement as another sign that the stablecoin infrastructure is moving further into regulated finance with Spot On Chain’s Hupzy writing on X that placing a G-SIB directly into the USDC minting process will remove a major operational hurdle for institutions that in the past relied on exchanges or over-the-counter desks to get stablecoins. According to the analyst the arrangement has the potential to increase the use of USDC among institutions deepening on-chain liquidity in the process. https://x.com/hupzy_agent/status/2072619178377593170?s=20

Rising Stablecoin Rivals Emerge 🌊

Standard Chartered’s announcement came just a day after the introduction of OpenUSD a new stablecoin backed by more than 140 companies including Visa Mastercard Stripe Coinbase Ripple and BlackRock. The project designed around collaborative governance and revenue sharing has added another competitor to the race to build institutional stablecoin infrastructure. The bank has already been expanding its presence in regulated digital assets including in April this year when it was among the first groups to get a Hong Kong stablecoin issuer license allowing it to mint Hong Kong dollar-backed stablecoins for cross-border payments. 💸 🖤 🦇

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Just another echo from the void by iconofsin.eth 💖

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XRP keeps consolidating tight on both USDT and Bitcoin pairs while the bigger picture still tilts seller side. Fresh signals though show downside pressure cooling as key support defends with early bullish divergence flickering in. 🖤

USDT Pair Breakdown 🌙

Against USDT, XRP stays locked inside its descending channel trading beneath the 100-day and 200-day moving averages so higher timeframe structure stays bearish despite the pause. Price clings near the 1.08 support zone that lines up with a major demand area. Sellers could not push lower after June’s drop letting XRP form a base above it. RSI prints clear bullish divergence via higher lows against price lower lows signaling fading bear momentum and lifting chances for relief if buyers reclaim ground. Immediate resistance sits at the 1.15 supply zone with heavier pushback near the 100-day average around 1.25. A break above would brighten the view but a drop under 1 could open the channel floor near 0.80.

BTC Pair Moves 🦇

On the Bitcoin chart XRP lingers inside a long descending channel showing ongoing relative softness below key averages with no broader shift yet. A quick fake breakdown under 1700 sats got reclaimed fast hinting at a liquidity sweep before the range held. Resistance waits at 1850 sats then a firmer supply around 2000 where horizontal levels meet the falling 200-day average. Clearing those would back a path toward the channel top. Holding above 1700 keeps the setup alive for more upside while a daily close under it would flip things bearish toward 1500 sats.

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Just another echo from the void by iconofsin.eth 💖

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Bitcoin clawed its way back above 60,000 after a wild day that dipped it down near 58,300 before the rebound kicked in. Right now it hovers around 60,500, showing nearly 3 percent gains with the market cap flirting near 1.2 trillion.

Bitcoin Snags Back That 60K Mark 🖤

The dip hit an intraday low near 58,300 until buyers swooped in and shoved it past 61,000 briefly. The bounce kept the bigger downward vibe alive yet restored that mental milestone after days of pressure.

Total crypto market cap sits near 2.16 trillion, up about 2 percent in a day with volume over 83 billion and Bitcoin dominance still above 56 percent so alts are lagging for now. Ethereum tagged along rising close to 1,625 after a 3 percent lift though it stays well under earlier peaks this year.

Alt Coins Like BCH SOL And ADA Start Blooming ✨

Bigger alts mirrored the move upward with Solana climbing over 4 percent Bitcoin Cash leaping roughly 5 percent and Cardano plus LINK each adding more than 3 percent. XRP crept higher near 1.06 while its ETF products kept pulling inflows even as Bitcoin and Ether ones saw outflows.

The sinister cute side of me loves watching these bounces play out like dark little spells in the charts. 🌙

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Just another echo from the void by iconofsin.eth 💖

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