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- ๐ Dogecoin Revival: Long-Dormant Address Wakes Up After Almost a Decade!
๐ Dogecoin Revival: Long-Dormant Address Wakes Up After Almost a Decade!
๐ Bitcoin's Road to $100K: S2F Model Predicts Major Gains, ๐ฅ Stripe Unveils Game-Changing Fiat-to-Crypto Onramp etc

Hey there, crypto-fam! G'morning!
We're stoked to have you join our crew as we dive into the freshest scoops ๐จ, juicy news ๐ฐ, and razor-sharp analyses ๐ to keep you riding the crypto wave like a pro ๐โโ๏ธ! Welcome aboard!

๐ฅ What's hot today ๐ฅ
๐ Dogecoin Revival: Long-Dormant Address Wakes Up After Almost a Decade!
๐ธ PEPE Coin's Explosive Rise: Memecoin Madness Unleashed!
๐ Bitcoin's Road to $100K: S2F Model Predicts Major Gains
๐ง UK's War on Illegal Crypto ATMs: Users Beware!
๐ฅ Stripe Unveils Game-Changing Fiat-to-Crypto Onramp
๐ Bitcoin Network Soars with Taproot Transactions & NFTs
๐ Market analysis of the day
๐ฆ Tweet of the day
๐ Dogecoin Revival: Long-Dormant Address Wakes Up After Almost a Decade!
A long-dormant Dogecoin ($DOGE) address holding 1,556,994 DOGE ($123,155) has reawakened after 9.3 years of inactivity ๐ฐ๏ธ, suggesting enduring interest or rediscovered keys ๐. This follows a recent trend of reactivating long-inactive Dogecoin addresses. Long-term HODLers now own over 44.8 billion coins worth more than $3.7 billion ๐ฐ, and the meme-inspired cryptocurrency still ranks as the eighth-largest by market value. DOGE also gained attention on the highly publicized โDogedayโ ๐พ and was recently listed on Coins.ph, a leading crypto platform in the Philippines ๐ต๐ญ.

๐ธ PEPE Coin's Explosive Rise: Memecoin Madness Unleashed!
PEPE Coin's ๐ฅ launch success catapulted it into the top 100 club of largest market cap tokens, crossing the $1 billion mark ๐. The memecoin craze drove daily trading volumes to impressive heights, overtaking busier cryptocurrencies and triggering a surge in Ethereum gas fees ๐. Uniswap data reveals PEPE Coin traders burned about 5,300 ETH ($10 million) in gas fees ๐ฅ within just 3 weeks. As the frenzy continues, Binance is set to list PEPE Coin for trading ๐ฆ.
I downloaded 413,283 PEPE Uniswap transactions from @DuneAnalytics
PEPE traders have burned ~5,300 ETH ($10M) in gas over the past 3 weeks ๐คฏ
1/๐งต
โ Alex (@thiccythot_)
4:31 AM โข May 5, 2023
๐ Bitcoin's Road to $100K: S2F Model Predicts Major Gains
๐ Bitcoin (BTC) is eyeing a six-figure price by mid-2024, according to the stock-to-flow (S2F) model by analyst PlanB. As BTC hovers near $30,000, experts suggest the upcoming halving event in April 2024 will propel its value. ๐ฐ With a current 2.90% weekly gain, bullish patterns are emerging and experts forecast a price range of $150,000 - $250,000 by 2025. ๐ค Despite high transaction fees, Bitcoin usage is hitting record levels, signaling promising times ahead.
๐blue ...
bitcoin getting closer to the halving (April 2024).
did you notice that halvings (dark blue) are usually on S2F model line (grey) ...โ PlanB (@100trillionUSD)
10:42 AM โข May 4, 2023
๐ง UK's War on Illegal Crypto ATMs: Users Beware!
As the conflict between fiat currencies and cryptocurrencies rages on, the UK's Financial Conduct Authority (FCA) is intensifying its crackdown on illegal crypto ATMs ๐. In collaboration with local police, they've raided facilities in Exeter, Nottingham, and Sheffield, warning that unregistered cash-to-crypto converters pose a money laundering threat and are illegal. The FCA cautions consumers about the risks of using unregistered ATMs ๐จ, which often have high fees and minimal consumer protection. Individuals operating these ATMs without proper licenses could face hefty fines and even jail time. โ๏ธ๐ฑ

๐ฅ Stripe Unveils Game-Changing Fiat-to-Crypto Onramp
Payment giant Stripe has launched a fiat-to-crypto onramp for Web3 companies, streamlining the process for US-based customers to purchase crypto ๐ธ. The onramp offers optimized conversion and authorization rates, built-in fraud tools, and identity verification to support KYC and compliance checks ๐. This exciting development follows December's release of a fiat-to-crypto widget and a massive $6.5 billion fundraising round earlier this year ๐ฐ๐.

๐ Bitcoin Network Soars with Taproot Transactions & NFTs
Bitcoin's network activity has surged, hitting a 2-year high in transaction fees ๐ฐ and an all-time high of 60% Taproot usage ๐, thanks to the 2023 bull market ๐ and the Taproot upgrade. Now supporting smart contracts and Ordinals NFTs, Bitcoin's utility extends beyond peer-to-peer payments, despite critics fearing network congestion and fee increases ๐.

๐ Market analysis of the day
Beware, Bitcoin traders! ๐จ The Spent Output Profit Ratio (SOPR) shows signs of a possible price correction ๐, as it remains below market bottom levels and hovers around US$30,000 to US$31,000 resistance. Short-term holders may be selling their coins, leaving the market vulnerable ๐ฌ. Always practice solid risk management, and remember: crypto is unpredictable!
๐ฆ Tweet of the day
"Memecoin + leverage trading" is the ultimate form of gambling known to mankind.
twitter.com/i/web/status/1โฆ
โ Defi God โ thedefigod.eth ๐ฎ๐ณ (@_defi_god_)
5:21 PM โข May 5, 2023