Hello there, I hope you had a great week! Overall Market Update Bitcoin price has been quite stable in the past week, with a few attempts trying to break the $7,800 resistance range. Often, a stable BTC price can signify the potential build up of a bull rally in the short-term, especially given the occurrence of multiple daily buy candles that have been recorded over the past few days. However, it is still unclear whether the market can initiate a new rally given daily trading volume is actually decreasing. Overall, the cryptocurrencies market sentiment is positive with multiple interesting announcements from some of the largest cryptocurrency exchanges this week. 👉👉Check out our 7D and 14D predictions for Bitcoin👈👈 https://prediction.vc/Bitcoin This week's Top 5 Risers & Sinkers Coinbase Is One Step Closer To Becoming A Regulated Securities Firm On Wednesday, Coinbase announced that the firm is in the process of acquiring a broker-dealer license, an alternative trading system license and a registered investment advisor license. Once it has these licenses, the company intends to seek approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to offer blockchain-based securities. Binance Is Hoping To Soon Offering Fiat-crypto Trading Changpeng Zhao, the CEO and founder of Binance, revealed the company has set up a bank account in Malta, in an interview with Cointelegraph on Wednesday. The move brings the exchange one step closer to its plans to offer fiat-to-crypto deposits and withdrawals on its platform, a feature that would further improve the exchange’s liquidity and facilitate new investors entering the space with fiat purchases. Crypto Exchange Huobi Unveils Plans to Put The Entire Organization on the Blockchain Cryptocurrency exchange Huobi announced Wednesday that it plans to allocate 30 million of its Huobi Tokens (HT) to fund the creation of the company's own open-sourced blockchain protocol. The exchange, currently worth around $166 million, will be used to launch the Huobi Chain Project and aims to establish a decentralized autonomous organization (DAO) on top of the proprietary blockchain. Bitcoin Buying on the Rise in Venezuela Venezuelans’ interest in buying Bitcoin has increased significantly over the last three months according to data from the LocalBitcoins exchange. The growing interest towards Bitcoin likely stems from hyperinflation in Venezuela having recently surpassed 25,000%, according to Forbes. Win $500 Worth Of Crypto Weekly! Practice makes perfection, but you don't want to use real money while practicing trading. PredictionVC has a weekly trading competition where you can win $500 worth of crypto🤩 The next one starts on Wednesday, June 13th. More details on the competition can be found here: 👉 http://bit.ly/TradingCompetition 👈 Have a great weekend! Joe PredictionVC www.prediction.vc