Here is the outline for the newsletter today🔥

• BlackRock Pivot continues the Bitcoin Pump📈

• Binance will offer Zero-Fee trading on TrueUSD🆓

• Polygon releases own AI Chatbot🤖

BlackRock Pivot continues the Bitcoin Pump📈

The anticipation approval of BlackRock's ETF application has made a lot of people in the market bullish for Bitcoin. Following this development, Bitcoin's price experienced a notable surge accompanied by increased trading volume.

Although Bitcoin has entered overbought territory, historical data suggests that such conditions have been favorable for BTC prices.

Furthermore, Bitcoin is exhibiting several bullish technical indicators, fueled by what experts are calling the "BlackRock Pivot."

BlackRock's entry into the crypto market carries substantial benefits for Bitcoin's reputation and potential adoption.

The approval of a BlackRock ETF not only introduces a large buyer into the market but also establishes a framework for similar projects by other asset managers.

These events, including the SEC's lawsuits against Binance and Coinbase, in conjunction with BlackRock's ETF filing, are considered significant milestones within the crypto industry.

They reflect the growing interest and involvement of major financial players, further solidifying the market's legitimacy and future potential.

As Bitcoin's price continues to spike and its overbought condition persists, accompanied by heightened trading volumes, bearish investors may face challenges. Meanwhile, some anticipate a potential price target of $27,000 as a level of interest for bearish sentiment.

Binance will offer Zero-Fee trading on TrueUSD🆓

Starting from June 30, Binance, one of the leading cryptocurrency exchanges, will extend zero-fee trading to all TrueUSD (TUSD) trading pairs.

This move comes as Binance's crypto wallets already hold approximately 90% of TUSD's $3.1 billion market capitalization.

During the promotional period, traders will enjoy the benefit of zero maker fees across all TUSD spot and margin trading pairs. This initiative aims to further promote TUSD trading on the Binance platform.

Recently, Binance minted a staggering $1 billion worth of TUSD on the Tron network, highlighting its commitment to supporting the stablecoin's liquidity and usage.

Despite these positive developments, Binance continues to face legal challenges and regulatory scrutiny in various jurisdictions. The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance for allegedly violating federal securities laws.

Additionally, French authorities are investigating Binance for "aggravated money laundering." As a result, Binance is in the process of exiting the Netherlands and contemplating the cancellation of permissions to operate in the UK and Cyprus.

TUSD, issued by ArchBlock (formerly TrustToken), is currently the fifth-largest dollar-pegged stablecoin in the market. Binance's significant holdings, representing at least 90% of TUSD's total market capitalization, further solidify its position in supporting the stability and availability of the stablecoin.

But a lot of people on Crypto Twitter are questioning the move made by Binance.

Have a read and decide on whether this is a good move from the top crypto exchange.

Polygon releases own AI Chatbot🤖

Polygon has launched its very own AI assistant chatbot called Polygon Copilot, which utilizes OpenAI's ChatGPT technology. The purpose of Polygon Copilot is to offer insights, analytics, and guidance to users within the Ethereum ecosystem.

To cater to users at different levels, Polygon Copilot provides three tiers of assistance:

• Beginner

• Advanced

• Degen😂

These tiers aim to accommodate the diverse needs and expertise of users seeking support.

In an effort to promote transparency and accuracy, Polygon Copilot openly shares the sources of information used in its responses. However, users are advised to exercise caution and not solely rely on the chatbot's answers, as there is a possibility of occasional inaccuracies.

Polygon joins a growing list of Web3 companies leveraging the power of AI, joining the likes of Alchemy, Solana Labs, and Etherscan in integrating AI technologies into their platforms.

It is worth noting that the term "copilot" has been used by other platforms as well, such as Microsoft's Security Copilot and GitHub's Copilot. This indicates a broader trend of incorporating AI in various industries, from music creation to TV show production.

As Polygon continues to enhance user experiences through innovative tools like Polygon Copilot, it highlights the increasing integration of AI technology within the blockchain and cryptocurrency space.

✨Bonus News✨

Disclaimer: This is not any kind of financial advise. This newsletter is solely informational; it does not constitute investment advice, a solicitation to buy or sell any securities, or a recommendation regarding how to manage your money. Be cautious and conduct your own study, please.