Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has gained 2.23% in the last 24 hours and is currently trading at $59,165. The resistance levels for BTC are first at $61,812, followed by $66,027. The support levels are at $57,734, and below that, at $56,102.

Ethereum (ETH): The ETH/USDT pair has gained 2.70% in the last 24 hours and is currently trading at $2,520. The resistance levels for ETH are first at $2,690, followed by $2,820. The support levels are at $2,389, and below that, at $2,107.

Toncoin (TON): The TON/USDT pair has gained 1.42% in the last 24 hours and is currently trading at $5.25. The resistance levels for TON are first at $5.99, followed by $6.89. The support levels are at $5.02, and below that, at $4.75.

Polygon (MATIC): The MATIC/USDT pair has gained 0.7% in the last 24 hours and is currently trading at $0.410. The resistance levels for MATIC are first at $0.437, followed by $0.527. The support levels are at $0.391, and below that, at $0.333.

ORDI (ORDI): The ORDI/USDT pair has gained 20.87% in the last 24 hours and is currently trading at $32.08. The resistance levels for ORDI are first at $37.05, followed by $41.17. The support levels are at $25.66, and below that, at $20.82.

Events of the Day

Liquidation Heatmap

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On May 26, GCR’s X account posted about ORDI and Luna2.0, causing both tokens to temporarily surge by 6% and 274%, respectively. However, many noted that the hacker missed an opportunity by choosing to promote these tokens instead of a more lucrative microcap coin. Crypto analyst Miles Deutscher commented, “GCR hacker fumbled the bag hard. Bro could’ve picked ANY believable micro cap to pump 10-20x, yet chose to shill ORDI and LUNA2 for a measly 10% wick.”

Warnings of a Wider Attack

The hack of GCR’s account appears to be part of a broader campaign targeting celebrity X accounts. Bitcoin developer and Ordinals commentator Udi Wertheimer warned, “GCR already told us today that there’s an operation going on hacking big twitter accounts. As more niche celebs are popping up by the minute launching meme coins — on a long weekend when platform engineers are away — I recommend that you guys be very careful.”

American rapper Rich The Kid, known offstage as Dimitri Leslie Roger, also had his X account compromised. His account, boasting 2.3 million followers, posted a link to buy the new token “RICH” launched on Solana memecoin creator tool pump.fun. The token reached a $90,000 market cap within two hours of launch, according to DEX Screener data. No official statement has confirmed whether Rich The Kid’s account was hacked, but the promotional post has since been deleted.

Caitlyn Jenner Promotes Memecoin Amidst Speculation

Caitlyn Jenner’s X account also promoted a new memecoin named “JENNER” which amassed a $27.1 million market cap within eight hours of launch. Industry pundits speculated whether the promotion was a deepfake, but videos featuring Jenner and her manager, Sophia Hutchins, confirmed the legitimacy of the posts. Jenner’s video urged her 3.3 million X followers to invest quickly, stating, “If you wanna get in on this, get in in a hurry, OK, get in right now.”

The JENNER token, also launched on pump.fun, had its crypto wallet address matched to one posted by adult content creator Kazumi, who promoted the coin “ZUMI” on May 20. This has led to further suspicions about the orchestrated nature of these hacks. Despite these concerns, Hutchins claimed Jenner’s team was unaware of any connections to other tokens like RICH, DOLL, and SOULJA, as alleged by some industry insiders.

The post Celebrities’ Social Media Accounts Hacked to Promote Tokens appeared first on Coin Engineer.

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This move will enable Binance users to trade with low spreads and explore different crypto projects. A detailed guide will be published soon, providing users with essential information about each pair.

To stay updated on the new pairs, users should regularly check Binance’s official social media accounts and the platform. However, it’s crucial to remember that cryptocurrency investments involve risks, and conducting thorough research is important.

This step is seen as part of Binance’s strategy to appeal to a broader audience in the cryptocurrency world and is closely monitored by the crypto community.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Exchange Binance Lists 10 New Trading Pairs! appeared first on Coin Engineer.

How To Buy BRC-20 Token?

The main way to buy BRC-20 tokens is through the Unisat Wallet application and extension. Unisat Wallet is the first open-source wallet for Ordinals that enables the Bitcoin network. We will use this wallet to buy BRC-20 Tokens. First of all, we should download the application or extension on our devices. We will continue to talk about this over extension type. 

You can download the extension using Google Chrome Web Store. After that, you must set it as a normal cryptocurrency wallet like Metamask, Phantom, Keplr, etc. If you don’t have a Metamask wallet or any more, you can interact with the link below.

You might also like: How To Setup Metamask?

We must click the “Create a new wallet” button. After that, the wallet will present our new screen. In this screen, we will see 12 phrases. We definitely should take these phrases as a note. Because if our device has a problem, we can keep our assets using them. In step 1 we must do them.

After completion of the phase, we will set network addresses, which we will use for trading, swapping in the Bitcoin network. There are available 4 types of network addresses. They are Native Segwit, Nested Segwit, Taproot, Legacy. The most important address is Taproot. Because we will use the address type for deposit and withdraw produces. Especially, if we want to deposit Bitcoin from CEXes, we must use only this address.

You don’t have to choose a custom HdPath and Phrase. You already had a new Bitcoin Wallet and you already were the network user. Congratulations!

We will face a new interface after setting the wallet. In there, we can deposit Bitcoin using the “Buy” button. At the same time, we can send BTC to other addresses and receive from them. We are saying again that you should use the Taproot address when depositing from CEXes. If you select the Segwit address, you must send your assets to Taprrot again. Because right now trading is enabled with that.

How To Use Unisat Marketplace?

You must click the second button below. In there, you will face 4 types of BRC-20 NFTs: Image, text, video, and audio. You can buy them using your BTCs. But the NFTs are selling using sats (satoshi).

How to Deposit Crypto on Unisat Wallet?

You can deposit crypto using any CEX (centralized exchanges) like Binance, OKX, Kucoin, Gate.io, etc. If you don’t have an account, you can click these exchange names. At the same time, you will get a %20 discount for paying fees as a special for CoinEngineer users. We will give an example of Binance. After creating a Binance account we will use our wallet in there. It is available with the “Withdraw” button. We will paste our Taproot address on there and choose BTC as a coin. After a minimum of 15-20 minutes assets will be on Unisat Wallet.

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The post How To Buy BRC-20 Token? appeared first on Coin Engineer.

What Are BRC-20 and Ordinals?

Ordinals protocol has been utilized for publishing and transferring ownership of digital assets, such as images, videos, and audio files, each possessing distinct and verifiable characteristics that are not interchangeable on a one-to-one basis. These tokens employ the Ordinals Protocol to store data on the Bitcoin Network. This protocol enables users to create digital assets in various formats, including text, images, audio, or video. Once the asset is inscribed, it can be traded or exchanged similarly to any other token within the peer-to-peer Bitcoin network.

You might also like: What Is Uniswap?

The Most Valuable BRC Token

The first token contract made had the name Ordi token, a 1,000 token minting cap, and a 21,000,000 token supply overall. The most valuable Brc-20 token in terms of market value is Ordi, which is the first token to be recorded on the Bitcoin blockchain. Ordi has 21 million issuances and is currently trading at about $7.03 per token. RelayX moved quickly by tokenizing an extra 100,000 ORDI on the BSV platform after quickly seeing the specialness and potential of this circumstance. This made it possible for users to acquire and sell derivatives of this token on a decentralized exchange without paying exorbitant fees.

What are BRC-20 Tokens?

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