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Pepe memecoin hits record high but risks a brutal 40% crash 

Pepe (PEPE), the memecoin inspired by the infamous internet frog, has soared to new heights, achieving a record high in recent trading. However, this meteoric rise is shadowed by predictions of a potential 40% crash in the coming month.

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Pepe (PEPE), the memecoin inspired by the infamous internet frog, has soared to new heights, achieving a record high in recent trading. However, this meteoric rise is shadowed by predictions of a potential 40% crash in the coming month.

The surge in PEPE’s value comes amidst a wave of enthusiasm for memecoins, driven by social media hype and speculative trading. PEPE has seen significant gains as traders seek the next big opportunity in the volatile cryptocurrency market. The memecoin’s recent performance has captured the attention of both retail and institutional investors, fueling further interest and investment.

Despite the bullish sentiment, market analysts caution that PEPE’s rapid ascent may not be sustainable. Technical indicators and market dynamics suggest that the memecoin could face a sharp correction. The potential for a 40% downturn in June has been highlighted by experts, pointing to overbought conditions and the inherent volatility of memecoins.

Historical data on similar assets shows that such speculative surges are often followed by significant pullbacks. Investors are advised to exercise caution and consider the risks associated with trading highly volatile assets like PEPE. The memecoin’s performance will likely depend on market sentiment, social media trends, and broader cryptocurrency market movements.

As PEPE continues to attract attention, the cryptocurrency community remains divided on its long-term prospects. Proponents argue that the memecoin has created a unique niche and community, while skeptics warn of the speculative bubble that could burst at any moment.

In the coming weeks, the cryptocurrency market will be closely watching PEPE’s price movements. Whether the memecoin can sustain its record highs or succumb to a predicted crash remains to be seen. Investors are encouraged to stay informed and vigilant as they navigate the unpredictable waters of the cryptocurrency market.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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