Top crypto tweets of the day – June 5th

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• Tether emerges as a key Bitcoin holder fueling market speculation

  TL;DR Breakdown Tether has ranked as a major Bitcoin holder across the world fueling market speculation. The implication of the company’s role in the crypto landscape. Description In a significant development, Tether, a prominent stablecoin issuer, has quietly risen to become the 11th largest holder of Bitcoin globally. This revelation has ignited curiosity and speculation within the cryptocurrency market regarding the potential impact the firm could wield. While Tether has refrained from officially disclosing its Bitcoin addresses, Tom Wan, a research analyst … Read more In a significant development, Tether, a prominent stablecoin issuer, has quietly risen to become the 11th largest holder of Bitcoin globally. This revelation has ignited curiosity and speculation within the cryptocurrency market regarding the potential impact the firm could wield. While Tether has refrained from officially disclosing its Bitcoin addresses, Tom Wan, a research analyst at 21.co, claims to have identified an address that is potentially linked to the firm. Tether address holds about $1.6 billion Bitcoin This Tether address is said to currently hold approximately 55,022 bitcoins, with an estimated value of around $1.6…

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• Avalanche price analysis: Avax drops to $14.46 as market conditions turn bearish

  TL;DR Breakdown Avalanche price analysis shows a bearish market sentiment. AVAX is trading at $14.46, down by 0.14% in the past 24 hours. Support and resistance levels are at $14.38 and $14.72, respectively. Avalanche price analysis highlights a bearish trend, with the price dropping to a low of $14.46 in the past 24 hours. This marks a decrease of 0.14% from its previous close of $14.48, indicating a selling sentiment among investors. The momentum is expected to extend further as the market trades in red territory. The resistance and support levels for Avalanche are placed at $14.72 and $14.38, respectively. The current trend is gaining momentum, and it is likely that the price will continue to dip as long as it trades below $14.72. A slight increase in prices may be expected above the support level of $14.38, which suggests a potential upside for investors who buy now and hold for the long term. Avalanche price analysis 24-hour chart: AVAX/USD bears take control The 24-hour chart for Avalanche price analysis shows that the bears have taken control of the market….

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• Gnosis introduces visa-certified debit card for on-chain wallets

  TL;DR Breakdown Gnosis, a sidechain to Ethereum, has unveiled two new product offerings aimed at enabling consumers with crypto wallets to make online purchases using stablecoins and Visa’s payment system. The user’s wallet, specifically Safe wallets in this case, will function like a bank account, and each Gnosis Card will be associated with the user’s Safe account. By combining the convenience of a traditional Visa-powered debit card with the security and transparency of an on-chain self-custodial wallet, Gnosis aims to bridge the gap between the traditional financial system and the emerging world of cryptocurrencies. Description Gnosis, a sidechain to Ethereum, has unveiled two new product offerings aimed at enabling consumers with crypto wallets to make online purchases using stablecoins and Visa’s payment system. The company announced the launch of Gnosis Pay and Gnosis Card, which represent the first decentralized payment network integrating with a traditional payment processor and the first … Read more Gnosis, a sidechain to Ethereum, has unveiled two new product offerings aimed at enabling consumers with crypto wallets to make online purchases using stablecoins and Visa’s payment…

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• Stablecoin transactions under scrutiny: Justin Sun’s deep dive into the $800M movement

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• DAI surpasses BUSD to become the third-largest stablecoin

  TL;DR Breakdown DAI has surpassed BUSD to become the third-largest stablecoin by market capitalization. DAI’s unique features, including over-collateralization and redemption mechanisms, have contributed to its rise. Regulatory challenges have impacted BUSD’s market capitalization, while DAI continues to gain prominence in the stablecoin market. Description MakerDAO’s DAI has surpassed Binance USD (BUSD) to become the third-largest stablecoin by market capitalization. With a current market valuation of approximately $4.394 billion, DAI has now taken the coveted position, while BUSD’s market capitalization stands at around $4.609 billion at the time of writing. BUSD’s previous position as the third-largest stablecoin resulted from Terra … Read more MakerDAO’s DAI has surpassed Binance USD (BUSD) to become the third-largest stablecoin by market capitalization. With a current market valuation of approximately $4.394 billion, DAI has now taken the coveted position, while BUSD’s market capitalization stands at around $4.609 billion at the time of writing. BUSD’s previous position as the third-largest stablecoin resulted from Terra USD’s (UST) decoupling from its $1 parity in May 2022, leading to a significant decline in Terra UST’s value. However, recent developments…

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