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Elon Drops Lawsuit Against OpenAI CEO 💼

BTC Pullback Causes Liquidation, Elon Drops Lawsuit Against OpenAI, 5-Year HODL Wave, Spider Boy #8 Drops Today

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Traci Smith & Mike Cullison
June 12, 2024

GM 💡 Kickstart your day with the latest and greatest in crypto news to maximize your gains 💪

In Today’s Crypto World:

  • Elon drops lawsuit against OpenAI CEO 💼

  • BTC Pullback to $66K Triggers $250M in Liquidations 📊

  • BTC price dips ahead of US inflation report 📉

  • Gainers & Newbies 👀

  • Spider Boy #8 Drops Today 🕷️

  • 5-Year HODL Wave Chart 🏆

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Elon Musk drops lawsuit against OpenAI CEO Sam Altman

Elon Musk has dropped his breach of contract lawsuit against OpenAI and its CEO Sam Altman — but he’s left the door open to file the same lawsuit again down the track.

cointelegraph.com

Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations

Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market

www.coindesk.com

Bitcoin price dips ahead of US inflation report and Fed’s decision on interest rates

Strong U.S. economic data has led to a decrease in Bitcoin value as markets brace for Fed's decision on lending rates.

finance.yahoo.com

DEGEN PLAYS
GAINERS & NEWBIES 👀 

*Market insights are updated daily.

VEVE & NFT
SPIDER BOY #8 DROPS TODAY 🕷️

CHART OF THE DAY
5+ YEARS HODL WAVE 🏆

This is the 5-year HODL wave. It shows the percentage of bitcoin that has not moved onchain for at least 5 years.

This metric is also sometimes referred to as Bitcoin supply last active 5 years ago.

It is the specific 5+ years data set taken from the HODL Waves chart.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS YIELD FARMING? 🔦

HOOT’S OF ENLIGHTENMENT
What Is ZILLIQA?

Zilliqa is a high-performance blockchain platform known for its innovative sharding technology and scalability. Key points include:

• Sharding: Pioneering sharding technology allows Zilliqa to process thousands of transactions per second, enhancing scalability.

• Smart Contracts: Supports secure and efficient smart contracts, enabling complex decentralized applications (dApps).

• Low Fees: Cost-effective transactions make it ideal for various applications, from DeFi to NFTs.

• Eco-Friendly: Energy-efficient consensus mechanism reduces the environmental impact compared to traditional proof-of-work blockchains.

• Growing Ecosystem: Rapidly expanding network of developers and projects boosts its utility and adoption.

These features make Zilliqa a powerful and scalable solution in the blockchain space.

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/