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๐Ÿš€๐ŸŒ• Bitcoin enthusiasts, buckle up! Racer, the co-founder of Friend.tech, has hinted at a possible departure from Base, an Ethereum Layer-2 network launched by Coinbase in 2023. The news has caused a stir in the crypto world, with Friend.tech's token taking a nosedive, down 31.4% to $1.02! ๐Ÿ“‰๐Ÿ˜ฑ Racer has put out a $200,000 bounty for anyone who can devise a smooth migration plan for Friend.tech off of Base. The catch? It should not disrupt users' experience. ๐Ÿง ๐Ÿ’ฐ The relationship between Friend.tech and Base has been rocky, with Racer stating that the team felt "isolated and disconnected" from parts of the Base and Ethereum ecosystems. Jesse Pollak, who heads Base for Coinbase, responded diplomatically, expressing sadness at the potential departure but promising support for Friend.tech's chosen path. ๐Ÿค๐Ÿ’” Friend.tech, launched in August 2023, has been a hot topic, attracting both supporters and critics. The platform, built on Ethereumโ€™s layer-2 scaling network Base, allows users to buy and sell โ€œkeysโ€ linked to Twitter accounts. ๐Ÿฆ๐Ÿ”‘ Despite the drama, Base Network's activity is surging. Its trading volume has surpassed competitors, thanks to popular projects like Friend.tech and meme coins such as dogwifhat (WIF), Book of Meme (BOME). ๐Ÿš€๐ŸŽ‰ According to Dune Analytics, Base currently has 234,199 active addresses, with 38,087 new ones this week. The network's total profit is a whopping $42.7 million, and its total revenue is $58.67 million. ๐Ÿ’ฐ๐Ÿ”ฅ Stay tuned, crypto fans! The future of Friend.tech and Base is yet to unfold. ๐Ÿฟ๐Ÿ‘€

๐Ÿš€๐ŸŒ• Bitcoin enthusiasts, buckle up! Racer, the co-founder of Friend.tech, has hinted at a possible departure from Base, an Ethereum Layer-2 network launched by Coinbase in 2023. The news has caused a stir in the crypto world, with Friend.tech's token taking a nosedive, down 31.4% to $1.02! ๐Ÿ“‰๐Ÿ˜ฑ

Racer has put out a $200,000 bounty for anyone who can devise a smooth migration plan for Friend.tech off of Base. The catch? It should not disrupt users' experience. ๐Ÿง ๐Ÿ’ฐ

The relationship between Friend.tech and Base has been rocky, with Racer stating that the team felt "isolated and disconnected" from parts of the Base and Ethereum ecosystems. Jesse Pollak, who heads Base for Coinbase, responded diplomatically, expressing sadness at the potential departure but promising support for Friend.tech's chosen path. ๐Ÿค๐Ÿ’”

Friend.tech, launched in August 2023, has been a hot topic, attracting both supporters and critics. The platform, built on Ethereumโ€™s layer-2 scaling network Base, allows users to buy and sell โ€œkeysโ€ linked to Twitter accounts. ๐Ÿฆ๐Ÿ”‘

Despite the drama, Base Network's activity is surging. Its trading volume has surpassed competitors, thanks to popular projects like Friend.tech and meme coins such as dogwifhat (WIF), Book of Meme (BOME). ๐Ÿš€๐ŸŽ‰

According to Dune Analytics, Base currently has 234,199 active addresses, with 38,087 new ones this week. The network's total profit is a whopping $42.7 million, and its total revenue is $58.67 million. ๐Ÿ’ฐ๐Ÿ”ฅ

Stay tuned, crypto fans! The future of Friend.tech and Base is yet to unfold. ๐Ÿฟ๐Ÿ‘€

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๐ŸŽ‰๐Ÿš€ Big news in the crypto world! HTX, formerly known as Huobi, has surpassed Coinbase in spot trading volumes for the first time, handling a whopping $2.4 billion daily! ๐Ÿ’ฐ๐Ÿ’ช This milestone was announced by none other than Justin Sun, the founder of TRON blockchain and a global advisor for HTX. Sun is confident that this is just the beginning for HTX, emphasizing that the platform is still in its early stages of growth. ๐ŸŒฑ๐Ÿ“ˆ HTX now stands as one of the world's largest crypto exchanges, only trailing behind Binance, Bybit, OKX, and Gate.io. Meanwhile, Coinbase, a leading U.S.-based exchange, oversees approximately $2 billion in daily spot trading volumes, placing it behind HTX and Bitrue. ๐Ÿ“‰๐Ÿ‡บ๐Ÿ‡ธ HTX has been making waves in the crypto community, not just for its trading volumes, but also for its philanthropic initiatives. Two months ago, HTX pledged to donate all Slerf trading revenue on HTX Global, aiming to support Slerf's trading fee mining on HTX. ๐ŸŒ๐Ÿ’– On the flip side, Coinbase's decline in exchange volume rankings comes amid the company navigating various legal challenges in the United States. ๐Ÿ›๐Ÿ‘€ The U.S. SEC filed a securities violation lawsuit against Coinbase, alleging that the firm operates as an unregistered exchange, broker, and clearing agency. These legal hurdles have likely impacted the exchange's trading volumes, providing HTX with an opportunity to rise in the rankings. ๐Ÿš€๐ŸŽฏ Stay tuned for more exciting updates in the crypto world! ๐ŸŒ๐Ÿ”ฅ
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๐ŸŽ‰Crypto enthusiasts, buckle up! Last week was a wild ride! ๐ŸŽข The US SEC gave a thumbs up to the first wave of spot Ethereum ETFs, four months after approving similar Bitcoin products. ๐Ÿš€ The crypto market reacted like a kid on a sugar rush, with both Bitcoin (BTC) and Ether (ETH) experiencing significant volatility and sudden price shifts as the anticipation for the SEC's decision built up. ๐Ÿ“ˆ๐Ÿ“‰ The week kicked off with market analysts upping the odds of approval from 25% to a whopping 75%! ๐ŸŽฒ This shift in sentiment was mirrored in key metrics like the Bitcoin Volmex Implied Volatility Index (BVIV), the Ethereum Volmex Implied Volatility Index (EVIV), and the Volatility Risk Premiums (VRPs) for the crypto assets. ๐Ÿ“Š As the Fed's May 1 meeting loomed, investor jitters about potential interest rate changes nudged the BVIV, EVIV, and VRPs upward again. But the market found its footing post the Fed's meeting. ๐Ÿ•บ When the SEC finally gave the green light to the Ethereum ETFs on May 23, the BVIV and EVIV took a nosedive within hours, and the VRPs for Bitcoin and Ethereum also dipped. ๐Ÿ“‰ This shift in market sentiment was accompanied by a drop in BTC and ETH prices, which had soared to $71,000 and $3,900, respectively, before the approval due to activities in the perpetual futures market. After the initial euphoria of the SEC's decision, investors started to cash in their profits, pulling the prices of the cryptocurrencies even lower. ๐Ÿ’ธ At the time of writing, BTC and ETH were trading at $68,000 and $3,871 after falling by 1% in the past 24 hours. Stay tuned for more updates, crypto fans! ๐Ÿš€๐ŸŒ•
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๐ŸŽ‰๐Ÿš€ Bitcoin and Ethereum are making waves, folks! Analyst Lark Davis has made some bold predictions for these top assets. He believes Bitcoin will skyrocket to $150,000 and Ethereum will reach $15,000, all thanks to market dynamics. ๐Ÿ“ˆ๐Ÿ’ฐ Spot Bitcoin ETFs are already attracting hundreds of millions of dollars daily, and Ethereum ETFs are just about to start trading. Davis predicts a bullish scenario where a peak bull market coincides with massive investments from countries, wealth managers, pension funds, and retail investors, resulting in billions of dollars being funneled into ETFs daily. ๐ŸŒ๐Ÿ’ผ๐Ÿฆ As of May 24th, all spot Bitcoin ETFs hold around 1,002,343 BTC, with a significant proportion allocated to US-based products. This shows growing mainstream acceptance and institutional interest in cryptocurrencies, especially in the US. ๐Ÿ‡บ๐Ÿ‡ธ๐ŸŽฏ The fact that spot Bitcoin ETFs collectively hold over a million BTC implies increased demand for the asset. As these ETFs acquire and hold Bitcoin, it reduces the available supply in circulation. With the cryptocurrencyโ€™s supply fixed and diminishing due to factors such as halving events, increased institutional interest and investment through ETFs could intensify scarcity, potentially driving up demand and prices further. ๐Ÿ“Š๐Ÿ”ฅ Meanwhile, Ethereumโ€™s price failed to challenge the $4,000 resistance, but promising signs are emerging that could cause a much-needed spike. Keep your eyes on the prize, crypto enthusiasts! ๐Ÿš€๐ŸŒ•
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