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NEW: 🇺🇸 US Senators are debating whether their state is the best in the country for #Bitcoin
NEW: 🇺🇸 US Senators are debating whether their state is the best in the country for #Bitcoin
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Grayscale’s ETHE discount to NAV hits lowest level since 2021 amid growing optimism for Ethereum ETF approval #ETHETFS $ETH
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The share of Bitcoin traded during US hours (13H-20H UTC time) reached an all-time high in 2024, accounting for 46% of the cumulative volume in April. The data suggests this could be linked to the launch of the spot ETFs in January #Bitcoin❗ #ETFvsBTC $BTC
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Among the higher throughput chains, stablecoin supply has been growing faster across Ethereum L2s than on Solana. Arbitrum surpassed Solana in stablecoin supply in early 2024 (currently at $3.6B vs $3.2B stablecoins respectively), while Base has grown its stablecoin supply from $160M to $2.4B YTD #ETHETFS #Arbitrum #Stablecoin
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ZkSync planning on token generation this week with airdrop in middle of June. ZkSync is planning a token generation event this week with a total token supply of 21 billion tokens, two sources told The Block. The ZkSync token airdrop is expected to occur around June 13, according to an internal message screenshot seen by The Block. #ZkSync #Airdrop $BTC
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✅This Week's Crypto News (May 16-21, 2024) ✅ 🧰MARKET NEWS: ✅Bitcoin (BTC) surged above $70,000, breaching a key resistance level and showing potential to reach a new all-time high (ATH). ✅Ethereum (ETH) is on the rise due to the possibility of SEC spot ETF approvals. ✅Cryptocurrency investment products saw significant inflows last week, totaling $932 million. This indicates growing investor confidence. ✅Whale accumulations and market trends pushed Bitcoin above $70,000. ✅The overall cryptocurrency market is exhibiting sideways movement and has been experiencing some volatility recently. Analysts note that there is uncertainty in the market and investors are being cautious. 🧰SIGNIFICANT DEVELOPMENT: ✅MicroStrategy purchased another 12,000 Bitcoin, increasing its total Bitcoin holdings to 95,000. ✅Grayscale CEO Michael Sonnenshein resigned and was replaced by Michael Mintzberg. ✅The US Securities and Exchange Commission (SEC) sued crypto exchange Kraken. ✅FTX is looking to sit at the negotiating table with the US government. ✅Bitcoin mining revenues reached record highs due to the increasing hash rate and the rising Bitcoin price. ✅Cryptocurrency trading volume fell for the first time in seven months, indicating waning investor interest. 🧰OTHER NEWS ⭐️Shiba Inu (SHIB) price dropped 2.5% in the last 24 hours. Is it time to buy the dip? ⭐️Will XRP continue its rise with Ripple's latest moves? $BTC $ETH $SHIB
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