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Pepecoin Skyrockets 70% This Week, Becomes Biggest Meme Coin Gainer

Pepecoin (PEPE) has clocked gains over 40% in the last 24 hours and is up roughly 70% on the week. This comes as Gemini posted on Twitter Wednesday that the crypto exchange is "feeling pepish about something coming soon." CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation: Glassnode

According to Glassnode's illiquid supply change metric, investors remain confident of bitcoin's price prospects, despite continued macroeconomic uncertainty and heightened regulatory risks. The metric, which measures the number of coins held by illiquid wallets on a specific date compared with the same day the previous month, rose to 147,351.58 BTC on Monday, the most since December 19, 2022. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Ether Could See Further Decline Following SEC's Crackdown on Crypto

Ether continues to struggle as the SEC announced two lawsuits against Binance and Coinbase. TradingView data shows that Ether's price has retracted from $1928 to $1716 in the last three weeks, and analysts have noted that if support falls below $1700, the 2nd largest crypto by market cap could fall by another 10%. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Active Addresses on Blockchain Hit All-Time High: A16z Data

According to a16z crypto's State of Crypto Index, active addresses across various blockchains hit an all-time high for the second month in a row in May. The venture fund notes 19.47 million active addresses across blockchains including Ethereum, Polygon, Solana, Optimism, and more. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Apple Shares Retreat After Hitting All-Time High

Apple's (AAPL) share price is sliding after hitting an all-time high of $184.95 yesterday ahead of its annual software developer conference, according to Yahoo Finance data. Some analysts are pointing to the announcement of the mixed reality Vision Pro headset as a potential catalyst to the sell-off. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Nvidia Joins $1 Trillion Club Amid AI Boom

Nvidia's (NVDA) stock is climbing, following the company's latest earnings report. The chipmaker's market capitalization has even surpassed $1 trillion, outpacing companies like Meta and Tesla, according to data from Yahoo Finance. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

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Glassnode Data Reveals Ether Held in Exchanges at Lowest Since July 2016

Data from Glassnode shows that 14.85% of all ether was held in wallets owned by centralized exchanges as of Thursday, the lowest level the market has seen since the summer of 2016. Typically, low exchange balances are a bullish sign, indicating that the supply of ether available for purchase is limited, thus putting pressure on prices to increase. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

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Bitcoin's 'Ichimoku Cloud' Suggests Further Drop Toward $24K: Valkyrie Investments

According to a technical analysis by alternative asset management firm Valkyrie Investments, bitcoin's recent price slide may have legs and the largest cryptocurrency by market cap could see a further decline toward $24,000 as BTC's daily chart Ichimoku Cloud, a momentum indicator, has flipped bearish. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

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U.S. Debt Ceiling Deal Could Bring Pain to Crypto Market, Some Analysts Say

As the deadlock in negotiations to raise the U.S. government's debt limit keeps markets tentative, some analysts have gone against consensus, warning that a possible deal could weigh on the price of bitcoin (BTC). CoinDesk's Jenn Sanasie presents "The Chart of the Day."

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Glassnode Data Reveals One Million Individual Wallets Now Hold a Whole Bitcoin

Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices. CoinDesk Senior Research Analyst George Kaloudis presents "The Chart of The Day."

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