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Crypto Market Rebounds, Triggering Over $56M in Short Liquidations 👍

Mt. Gox Redemption Fears ‘Overblown’, Ethereum ETF process is ‘going smoothly’, CARNAGE - JUNE 30, and more

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Traci Smith & Mike Cullison
June 26, 2024

GM 💡 Time for a midweek recap on your Daily Gains Crypto! The place where your crypto news lives!

In Today’s Crypto World:

  • Crypto Market Rebounds, Triggering Over $56M in Short Liquidations 👍

  • Mt. Gox Redemption Fears ‘Overblown’ 😲

  • Ethereum ETF process is ‘going smoothly’ 🤙

  • Gainers & Newbies 👀

  • CARNAGE - June 30 🔴⚫️

  • BTC Profitable Days Chart 🚀

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Crypto Market Rebounds, Triggering Over $56M in Short Liquidations

The cryptocurrency market saw a modest recovery on Tuesday, with almost every token in the top 100 by market cap posting gains compared to the previous day.

finance.yahoo.com

Mt. Gox Redemption Fears ‘Overblown’ Say Traders as $10B BTC Holdings Draw Concerns

The defunct crypto exchange’s trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July.

www.coindesk.com

Ethereum ETF process is ‘going smoothly,’ says SEC’s Gensler

SEC Chair Gary Gensler was tight-lipped on a timeline for when spot Ethereum ETF trading approvals would happen but said they’re “going smoothly.”

cointelegraph.com

DEGEN PLAYS
GAINERS & NEWBIES 👀 

*Market insights are updated daily.

VEVE & NFT
CARNAGE - JUNE 30 🔴⚫️

CHART OF THE DAY
BTC PROFITABLE DAYS 🚀

Indicator Overview

Number of days in Bitcoin's traded history where holding Bitcoin has been profitable relative to today's price.

This chart highlights the aggressive growth of Bitcoin's adoption curve over time, which is reflected in its price. Because supply is limited, as demand grows price moves up.

For investors, it also demonstrates the importance of understanding the market cycles of Bitcoin to avoid buying market cycle tops. The drawdowns from cycle tops can last a long time, around 2-3 years in previous cycles.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - MINING VS BUYING 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS NEAR? 💡

NEAR is the native token of the NEAR Protocol, a highly scalable and developer-friendly blockchain platform. Key points include:

  1. Scalability: NEAR uses a unique sharding technology called "Nightshade," enabling high throughput and low latency.

  2. Developer-Friendly: With its user-friendly tools and smart contract languages (e.g., Rust and AssemblyScript), NEAR simplifies blockchain development.

  3. Interoperability: NEAR's Rainbow Bridge allows seamless integration with Ethereum, enhancing cross-chain functionality.

  4. Low Fees: The platform's efficient design ensures minimal transaction fees.

  5. Sustainability: NEAR operates on a proof-of-stake consensus mechanism, making it energy-efficient.

These features make NEAR an exceptional platform for developers and users seeking scalable, efficient, and eco-friendly blockchain solutions.

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

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DAILY MEMES 🤣

Brought To You By: DailyGainsCrypto.com 

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.05/31/202406/12/