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🔷 Coinbase Analysts Say What SEC Will Approve Ethereum ETF Coinbase analysts said, that Ethereum spot ETFs will be approved despite no comment from the SEC. 🗣 “As crypto begins to take shape as an election issue, we are also not confident that the SEC will be willing to provide the proper arguments that could ensure ETF applications are rejected,” said Coinbase analyst David Hahn. 🏠 He added that if the SEC rejects the ETF on the first deadline, May 23, “there is a strong possibility that litigation could overturn that decision.” $ETH #ETH #Ethereum

🔷 Coinbase Analysts Say

What SEC Will Approve Ethereum ETF Coinbase analysts said,

that Ethereum spot ETFs will be approved despite no comment from the SEC.

🗣 “As crypto begins to take shape as an election issue, we are also not confident that the SEC will be willing to provide the proper arguments that could ensure ETF applications are rejected,” said Coinbase analyst David Hahn.

🏠 He added that if the SEC rejects the ETF on the first deadline, May 23, “there is a strong possibility that litigation could overturn that decision.”

$ETH #ETH #Ethereum

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🔥 $QODA token launch: participate in the LBP on Fjord Foundry and get 100% unlocked tokens at the TGE in one week Qoda Ecosystem, the issuer of $QODA tokens, is full of novel, DeFi apps that are generating revenue today. The $QODA token is the only entrypoint to the Qoda DAO: stakers govern and earn rewards from the ecosystem. Qoda Ecosystem consists of partner decentralized applications working towards a mission decentralizing financial services for all. These applications operate on Ethereum, Arbitrum One, Optimism, Base and BNB Chain. 🔸 Currently, Qoda Ecosystem Apps include: ● Threebalance: A portfolio management tool that enables crypto portfolio rebalancing in three steps using on-chain liquidity sources. ● Qonstant: An orderbook-style, fixed-rate lending and borrowing exchange on Arbitrum One. 🔸 $QODA Token The $QODA (ERC-20) token is the entrypoint to the Qoda DAO. It has a fixed, total supply of one billion tokens. $QODA tokens can be burned as a deflationary measure. The TGE for $QODA will take place between 2024-06-04 and 2024-06-07. $QODA Stakers earn tokens based on the amount of tokens they have staked, their staking method, and the duration of their stake. Rewards can be paid to Qoda DAO Members based on their share of the total supply. Typically, it is  a portion of the revenue earned by Ecosystem DApps. 🔸 Roadmap Highlights – $QODA/$USDC will be listed on Uniswap on Arbitrum One soon after $QODA tokens are made available to be claimed by LBP participants at the TGE. – Threebalance AI companion goes live on Telegram in Q3 2024. – Qoda DAO Governance tentatively goes live in Q3 2024. – $QODA token CEX listing in Q4 2024 (prioritizing on-chain liquidity given Qoda is a decentralized-first ecosystem). – Threebalance and Qonstant RWA support goes live in Q4 2024. Disclaimer: Digital currencies may be unregulated in your jurisdiction. The value of digital currencies may go down as well as up. Profits may be subject to capital gains or other taxes applicable in your jurisdiction. $QODA #QODA
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📣 BlackRock Purchases Large Bitcoin ETFs Bitcoin ETFs have garnered significant attention, propelling Bitcoin prices to unprecedented heights. Recent trends, however, suggest that this surge might not be sustainable in the long run. Despite some fluctuations, net inflows have remained relatively stable. This article explores the latest developments surrounding BlackRock’s involvement in Bitcoin ETFs. 🔸 What Is BlackRock’s BTC ETF Strategy? According to recent filings with the U.S. Securities and Exchange Commission, BlackRock has initiated holdings in Bitcoin ETFs across two of its funds. The financial behemoth acquired these ETFs from its own issued BTC ETF, IBIT. Notably, BlackRock Strategic Income Opportunities and BlackRock Strategic Global Bond funds invested $3.6 million and $400,000, respectively. BlackRock’s IBIT ETF has seen significant inflows since its debut in January, surpassing other funds in the market. It is poised to lead in terms of total reserves shortly. Hundreds of firms have diversified their portfolios with various Bitcoin ETFs, with IBIT being a popular choice. 🔸 How Are Spot Bitcoin ETFs Performing? Since mid-May, spot Bitcoin ETFs have experienced consistent net inflows. The sales from GBTC have largely subsided, resulting in a positive inflow trend. On May 24, there was a notable inflow of $251 million, marking the highest since May 16. This steady increase highlights a sustained interest in Bitcoin ETFs. Cumulative inflows to all spot Bitcoin ETFs have reached an impressive $13.6 billion. Although this figure saw a dip, it continues to set new records. GBTC has reported $17 billion in outflows, while IBIT has enjoyed $16.3 billion in inflows. 🔸 Key Insights for Investors – BlackRock’s strategic investments in Bitcoin ETFs indicate a growing institutional interest. – IBIT’s performance surpasses initial expectations, setting new benchmarks for ETF inflows. – The consistent net inflows suggest a stable demand for Bitcoin ETFs, despite market fluctuations. $BTC #BTC #BlackRock
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🔥 Dogecoin Poised for Potential Breakout: Could DOGE Double to $0.322 Soon? ● DOGE breaking $0.171 could double its value to $0.322. ● Meme coins surged after SEC’s Ethereum ETF approval, but DOGE declined. ● DOGE might drop to $0.154 unless it closes above $0.175, aiming for $0.22. If Dogecoin (DOGE) manages to break through the resistance level currently situated between $0.166 and $0.171, the potential for significant gains is substantial. Analysts predict that surpassing this critical barrier could propel DOGE to its next major resistance at approximately $0.322, effectively doubling its value from current levels. This optimistic forecast comes amid a broader upswing in the cryptocurrency market following the SEC’s approval of the first spot Ethereum ETF. This approval has invigorated the market, leading to notable surges, particularly among meme coins like PEPE, FLOKI, WIF, and BONK. However, despite the overall bullish sentiment, DOGE has struggled to keep pace, showing a slight decline of 1%. Currently, DOGE is facing strong resistance, attributed to significant accumulation by nearly 75,000 wallet addresses holding around 10 billion DOGE coins at this level. As DOGE hovers around $0.164, it has experienced a 3% downturn, contrasting sharply with the impressive gains seen by other meme tokens. Over the past week, DOGE has remained relatively stable, showing a marginal 1% decline, while a broader 30-day perspective reveals a respectable 10% upward trend. Technical analysis highlights DOGE’s bearish outlook, with potential further declines to $0.154 if current trends continue. For DOGE to shift towards a bullish trajectory, it must close above the $0.175 mark on a daily basis. Achieving this would set the stage for a potential rise to $0.22, and breaking through the $0.171 resistance could pave the way for even greater gains, reaching up to $0.322. $DOGE #DOGE
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⚠️ Mina Coin Plans Major Upgrade !!! Mina Coin, a well-known cryptocurrency, is set for a significant upgrade on June 4. This much-anticipated update marks the beginning of the ecosystem’s construction process, with Mina Coin being one of the few alternatives in the zero-knowledge (ZK) field. The cryptocurrency community is keenly observing the developments, expecting this upgrade to usher in new functionalities and improvements. 🔸 What Does the Upgrade Entail? The Mina Coin team recently unveiled details regarding the upgrade, known as the Berkeley Upgrade. This upgrade is crucial, building on Mina’s Mainnet launch in 2021. The team has announced that the Berkeley Upgrade will introduce several key features, including enhanced zkApp programmability, a more robust proof system, and the elimination of Supercharged Rewards. These advancements are expected to significantly impact the coin’s price and bolster its long-term goals. 🔸 How Will This Impact MINA Coin’s Price? From a technical viewpoint, the $0.861 mark is pivotal for MINA Coin. Should the coin close above this level, it could potentially aim for $0.92 and $0.97. If this region becomes a support level, a continued rally up to $1.14 is possible. For the medium term, peak targets are set at $1.45 and $1.71. Conversely, if the upgrade does not meet expectations, MINA Coin might test lower levels of $0.75 and $0.58. 🔸 Key Insights for Investors Investors should consider the following points: ● The upgrade is scheduled for June 4, 2024, making it a crucial date for Mina Coin. ● Version 2.0.0 is pivotal for the upgrade; 83% of active stakes have already transitioned. ● Node operators need to upgrade immediately to ensure a smooth transition. The introduction of easier zkApp programmability and a stronger proof system could enhance the coin’s value.Removal of Supercharged Rewards may affect the coin’s dynamics. These insights provide a clearer picture of what to expect and help in making informed decisions regarding Mina Coin investments. $MINA #MINA
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🔥 Ethereum Breaks Out: Clear Path to Higher Resistance Levels in Sight ● Ethereum is approaching $4,000 amidst speculation of reaching $4,500 before ETF trading begins. ● Strong buying interest supports Ethereum’s bullish run, with significant support levels identified. ● Ethereum’s recent breakout from consolidation indicates potential for further upward movement, targeting higher resistance levels. Ethereum’s (ETH) recent price action has noted a definitive breakout from a period of consolidation, setting its sights on higher resistance levels.  Currently, ETH is on the verge of a potential rally toward a new yearly peak as its price inches closer to $4,000. Analysts have previously speculated that Ethereum could reach $4,500 ahead of the commencement of ETF trading. At present, Ethereum has managed to surpass the $3,800 mark, now trading around $3,906. This upward trend is supported by substantial trading volume, indicative of strong buying interest. Significant support for Ethereum is observed at the 50-day EMA around $3,225 and the 100-day EMA at approximately $3,170. These levels have been crucial in sustaining Ethereum’s price movement. Despite the RSI being at 72, signaling that Ethereum is overbought and might be due for a pullback, the overall market sentiment remains positive. The cryptocurrency’s recent price trajectory has seen a clear departure from previous consolidation phases, highlighting bullish targets at higher resistance levels. For Ethereum to continue its upward momentum and potentially reach $4,500, it needs to break through the psychological barrier at $4,000.  Should this level be breached, the next significant resistance is around $4,200, which could propel Ethereum closer to the anticipated $4,500 mark. However, maintaining momentum is crucial. On the downside, the levels to watch are $3,800 and $3,500, which must hold to preserve the bullish outlook.  $ETH #ETH
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