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The Value of Ethereum's Second Layer TVL Reaches Record High of $47 Billion There is a new record-breaking total value locked (TVL) of $47 billion in Ethereum Layer 2s. Based on the statistics provided by L2BEAT, the total value of all tokens on Ethereum Layer 2 networks—those that have been canonically spanned, externally bridged, or natively minted—has reached a new record high of $47.45 billion. Among the networks, Arbitrum One stands head and shoulders above the competition with a TVL of $19.3 billion. Second place goes to OP Mainnet with $7.88 billion. With 6.94 billion TVL, Base is placed third. Blast, Mantle, Linea, and Starknet are among the other blockchains whose TVL is more over $1 billion. According to L2BEAT, the sum of all L2s' locked values has climbed by 17.39% during the last week. Prompting Growth: Spot Ethereum ETFs The recent approval of the spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) was the primary factor driving the positive trend. The Securities and Exchange Commission (SEC) greenlit Ethereum exchange-traded funds (ETFs) on May 23, making them the country's second spot digital asset ETF. The first spot Bitcoin ETFs were authorized in January. Bitwise, BlackRock, Invesco Galaxy, VanEck, Grayscale, Bitwise, and Fidelity were among the issuers. Although analysts anticipated debut within weeks, the timeframe remained unknown, thus they are still in the process of completing S-1 forms. Scheduled for Q1 2025: The Next Pectra Upgrade Also, the Ethereum core team has settled on Q1 2025 as the release window for Pectra, the next big update to the Ethereum network. In order to save the developers the trouble of debugging during Devcon and the holidays, the community opted for Q1 2025. The contributors would also have plenty of time to test the update and manage the transfer according to this timeline. #ETHETFsApproved #FIT21 #altcoins #BlackRock $ETH

The Value of Ethereum's Second Layer TVL Reaches Record High of $47 Billion

There is a new record-breaking total value locked (TVL) of $47 billion in Ethereum Layer 2s.

Based on the statistics provided by L2BEAT, the total value of all tokens on Ethereum Layer 2 networks—those that have been canonically spanned, externally bridged, or natively minted—has reached a new record high of $47.45 billion.

Among the networks, Arbitrum One stands head and shoulders above the competition with a TVL of $19.3 billion. Second place goes to OP Mainnet with $7.88 billion. With 6.94 billion TVL, Base is placed third.

Blast, Mantle, Linea, and Starknet are among the other blockchains whose TVL is more over $1 billion. According to L2BEAT, the sum of all L2s' locked values has climbed by 17.39% during the last week.

Prompting Growth: Spot Ethereum ETFs

The recent approval of the spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) was the primary factor driving the positive trend.

The Securities and Exchange Commission (SEC) greenlit Ethereum exchange-traded funds (ETFs) on May 23, making them the country's second spot digital asset ETF. The first spot Bitcoin ETFs were authorized in January.

Bitwise, BlackRock, Invesco Galaxy, VanEck, Grayscale, Bitwise, and Fidelity were among the issuers. Although analysts anticipated debut within weeks, the timeframe remained unknown, thus they are still in the process of completing S-1 forms.

Scheduled for Q1 2025: The Next Pectra Upgrade

Also, the Ethereum core team has settled on Q1 2025 as the release window for Pectra, the next big update to the Ethereum network.

In order to save the developers the trouble of debugging during Devcon and the holidays, the community opted for Q1 2025. The contributors would also have plenty of time to test the update and manage the transfer according to this timeline.

#ETHETFsApproved #FIT21 #altcoins #BlackRock $ETH

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Over the weekend, Chiliz surged to a six-week high as whales amassed more than 1.6 billion CHZ The sports blockchain currency Chiliz reached a six-week high of $0.143 on May 25th, thanks to a rally. A total of 1.6 billion CHZ has been steadily amassed by whale wallets in the last eight days. On Monday, Chiliz maintains gains of 18.45% over the previous week, adding about 1% to its value. On May 25, Chiliz (CHZ) reached a level not seen in over six weeks, reaching $0.143. There has been a significant increase in the amount of CHZ being held by whale wallets related to the sports blockchain token. On May 27, Chiliz's value increased by about 1% and it maintained its gains of 18.45% from the previous week on Binance. The sports blockchain asset has been amassed by two sectors of wallets in the last eight days, according to data from crypto intelligence tracker Santiment. One group has between 10 million and 100 million CHZ tokens, while the other segment holds between 1 billion and infinite Chiliz. When whales start buying an asset, it usually means they're optimistic on the market. On May 26, analysts at Santiment noticed that whale wallet buildup coincided with a spike in transaction volume that had not been observed in 22 months. As the number of transactions using CHZ rises, it becomes clear that the sports blockchain token is becoming more popular among investors. Increases in CHZ trade volume and price increases due to accumulating by whales On Monday, Chiliz's value increased by1%, continuing increases from the previous week. On Binance, one CHZ coin is now worth $0.1349. #ETHETFsApproved #CHZ $CHZ #altcoins #Chiliz
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Profit to the Max with Dogecoin, Shiba Inu and RichQUACK, 3 Meme Coins RichQuack is a platform where individuals may invest, create, keep, and win money With a moniker that is both unique and entertaining, RichQuack is like the crypto family's quirky cousin. Its principal objective is to "make holders rich" via the destruction of tokens and the redistribution of transaction fees; the token is deflationary and based on the Binance Smart Chain. Let us now discuss the pseudoscience that underpins RichQuack. The more you quack, the more you earn—that's the idea behind the project's tiered incentive structure. A built-in "black hole" feature in the token reduces the overall supply and, in theory, increases the value of the remaining tokens by burning a percentage of them with each transaction. Shiba Inu (SHIB): A Hardy Meme Project with Extra Peek-a-boos Among the many meme projects preparing for fresh gains in the year 2024 is Shiba Inu. Since its inception in 2020, this project—which has been called the "Dogecoin Killer"—has generated a lot of revenue. At the moment, it has a staking mechanism, ShibaArt, and ShibaSwap as part of its ecosystem. Over the years, its active community, known as the "Shib Army," has been instrumental in building buzz and encouraging sales. Investors hoping to reap exponential profits in the next cycle should keep an eye on SHIB, which is trading at $0.00002434 despite the market's volatility. One of the Most Popular Meme Cryptocurrencies: Dogecoin (DOGE) As far as meme coins go, Dogecoin was an early pioneer and is still far and away the most talked about and valuable. Dogecoin, which debuted in 2013, took its name from the Shiba Inu dog featured in the viral "Doge" joke. The project has grown a strong community and garnered praise despite its comedic beginnings. The use of Dogecoin as a tipping mechanism and the support of prominent personalities such as Elon Musk have contributed to its increased popularity. Among cryptocurrency platforms, its one-minute block time is among the quickest. #DOGE #SHIB #RichQUACK🐤 $DOGE
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Standard Chartered Eyes SEC Approval for More Crypto ETFs: Will SOL 10x Next? The SOL/USD pair is strong, climbing between $170 and $170.26 intraday, predicting a positive Solana price. For other crypto ETFs, including Solana, Standard Chartered is seeking SEC clearance, sparking speculation and hope. Following the SEC's approval of Ethereum spot ETFs, Standard Chartered Bank's Head of Forex and Digital Assets Research, Geoffrey Kendrick, forecasts Solana and XRP cryptocurrency ETFs by 2025. Positive US Bitcoin ETF Inflows Boost Investor Confidence US spot Bitcoin ETFs have witnessed 10 consecutive days of positive inflows, totaling $251.94 million as of May 24, after the SEC allowed spot Ethereum (ETH) ETFs. BlackRock's iShares Bitcoin Trust (IBIT) with $182 million and Fidelity Wise Origin Bitcoin Fund (FBTC) with $44 million are leading this spike. No new investments were announced by Grayscale Bitcoin Trust ETF (GBTC). Spot Ethereum ETFs are exciting, but SEC S-1 permission is needed to start them. Analysts estimate this procedure to take weeks, which might affect market sentiment. After the SEC approved Ethereum ETFs, US spot Bitcoin ETFs had favorable inflows, indicating investor confidence in the cryptocurrency sector. Solana Price Forecast Solana (SOL) presently trades at $165, up over 1%. The green line on the chart represents the pivot point at $160.54, which determines trend direction. The immediate resistance levels are $170.37, $176.66, and $183.26. Downside support is $156.75, $151.08, and $144.08. The RSI is 41.51, showing neutral momentum. The 50-day EMA is $168.59, indicating a downtrend. Solana's position above the pivot point signals an uptrend. The immediate barrier is $170.37, and a break over it might send it towards $176.66 and $183.26. However, if the price goes below $156.75, it might fall to $151.08 and $144.08. These crucial levels should be monitored by investors to predict market moves. The prospective Sealana presale offers investors a fresh chance as Solana rises. #ETHETFsApproved #Solana #sol $SOL #altcoins
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XRP Drops: Another Setback or Buy? XRP fought again to get beyond $0.5450. It is falling and may test $0.512. Bearish signals are emerging from $0.5420 for XRP. Under $0.5350 and the 100-hourly Simple Moving Average XRP/USD broke below a significant contracting triangle with support around $0.5360 on the hourly chart. Staying below $0.5420 barrier might boost negative momentum. Rejecting XRP Price After closing over $0.5320, XRP price rose like Bitcoin and Ethereum. Bears were aggressive at $0.5420 resistance. A negative correction began after $0.5422's peak. Below the $0.5320 support zone and 23.6% Fib retracement line of the bullish advance from $0.5028 swing low to $0.5422 high. Additionally, the hourly XRP/USD chart broke below a crucial contracting triangle with support at $0.5360. The pair has fallen below $0.5350 and the 100-hour SMA. Resistance at $0.5320 is immediate. Around $0.5420 is the first resistance. Moving over the $0.5420 barrier zone might boost prices. Around $0.5450 is the next resistance. Bulls might push the price over $0.5450 barrier and steadily rise above $0.5550. More advances might push price toward $0.5740 barrier. More Losses? Failure to break the $0.5420 resistance zone might cause another range slide for XRP. Initial downside support is approaching $0.5225 and the 50% Fib retracement level of the bullish advance from $0.5028 swing low to $0.5422 high. The next significant support is $0.5120. A negative break and closure below $0.5120 might boost bearish momentum. The price may fall and retest $0.5025 soon. Tech Indicators The hourly MACD for XRP/USD is moving bearishly. Relative Strength Index hourly XRP/USD RSI is below 50. Key Support Levels: $0.5225, $0.5120. Major Resistance: $0.5320, $0.5420. #ETHETFsApproved #XRP #altcoins $XRP
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Price of BNB coin expected to surpass $700 after recent spike The price of BNB has risen 5% to $614 at the moment, and there's a good chance it may go up to $700 soon. If BNB capitalises on the optimistic market attitude, crypto experts say it might go much higher. Most market watchers agree that June will be a banner month for BNB, leading to new all-time highs. Released at the outset as a central coin, BNB initially served to bolster Binance's cryptocurrency exchange. The coin's journey from its start in 2017 has been everything but straight line. Since then, it has been in charge of a plethora of tasks, such as facilitating BNB currency transactions on Binance at lower pricing for consumers. In June, the price of BNB is predicted to rise significantly. It seems to be happening at the same time as Bitcoin's surge, which hit the $70,000 milestone. It is probable that it will rise by 19.54% and reach $735.81, as per the BNB prediction. Looking at it from every possible angle, one gets the impression that things are looking up. In the previous month, BNB's price has risen by 47%. The positive and negative aspects of the coin are both used in these BNB forecasts. The result might be a 6.05% increase in the market price of BNB, which could reach $652.81. It would seem that the whole crypto ecosystem is having a very optimistic year. Bitcoin and BNB broke all price restrictions, and it reflects on all altcoins. Assuming these factors hold, BNB price might reach $1,025 by year's end. #BinanceLaunchpool #BNB #altcoins #Binance $BNB
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