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BLUM AIRDROP 🔥 ONLY 4 SLOTS AVAILABLE 🚀 JOIN NOW 👇 rb.gy/i7onws
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Inflows into U.S. spot bitcoin ETFs totaled more than $221 million — On May 17, the U.S. sector of spot bitcoin-ETFs recorded an inflow of capital, while in Hong Kong - an outflow. — The crypto fund from Fidelity managed to attract the most funds. — The fund of Grayscale Investments also recorded an inflow of $32 million. On May 17, 2024, the U.S. spot bitcoin-ETF sector recorded a capital inflow of $221.54 million, according to SoSo Value. According to the platform, the crypto fund from Fidelity took the top spot in terms of capital inflows on May 17. It added $99 million to its balance sheet. The second is IBIT from BlackRock - $38 million. In third place is the investment product of Grayscale Investments 1 $32 million. The other funds received a total of $52 million. The Hong Kong sector of spot bitcoin-ETFs recorded an outflow of funds - 6.41 BTC. A similar trend can be traced among Ethereum-based products. Here the outflow amounted to 31.32 ETH. Earlier we reported that more than 600 companies invested a total of $3.5 billion in spot bitcoin-ETFs during the week. #BTC #BTCETFS #BitcoinETFs #ETHETFS #BlackRock
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More than 80% of recently listed tokens on Binance are bleeding out. ls this a buy opportunity or a liquidity exit for insider traders The value of the vast majority of tokens listed on binance over the past six months have fallen in value since they were listed, raising concerns for investors looking for the newest cryptocurrencies. Of the 31 tokens analyzed, only five coins were highly rated, including Memecoin (MEME) and Ordi (ORDI) on the Bitcoin blockchain. As well as Jupiter (JUP), Jito (JTO) and Dogwifhat (WIF) tokens on the Solana (SOL) blockchain. According to Andy Lian, an intergovernmental blockchain expert and author of NFT: From Zero to Hero, the fact that more than 80 percent of recently issued tokens are in the negative is indicative of the difficult market situation. Lian said that the current state of the cryptocurrency market is described as calm, with some altcoins still trending despite a general lack of momentum overall. "Many of the projects listed on Binance may have a longer growth period, the growth may not be instantaneous like in the previous bull market," he added. Nevertheless, new tokens on Binance are listed with an average fully diluted valuation of more than $4.2 billion, despite the lack of a real user base. According to a researcher under the pseudonym Flow, this could significantly limit their growth potential. "More often than not, tokens launched on Binance are no longer an investment vehicle - all of their upside potential has already been lost. Instead, they represent exit liquidity for insiders who capitalize on retailers' lack of access to quality early investment opportunities," Flow writes. #ETHETFS #altcoins #buythedip #BTC
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SOLANA TO HIT $200 NEXT WEEK READ WHY SOL Solana reached its highest price in a month on Friday, beating most crypto companies. According to the co-founder of Syncracy Capital, the token is "still the best deal in this cycle" and could reach $200 by next weekend. SOL hit $170 on Friday, its highest price in more than a month, and recently fell slightly to $166. It has gained nearly 7% in the past 24 hours and is now up more than 40% from the local Crypto market bottom in early May, "The strength of $SOL has been incredible during this rebound," Daniel Cheung, co-founder of digital asset hedge fund Syncracy Capital, said in an X post. "It's pretty clear that this is still the best trade in this cycle." Cheung said he was increasingly "confident" that SOL could regain the $200 level by the end of the month and hit new record highs "soon." SOL hit its all-time high of $260 in November 2021, at the peak of the previous bull cycle. #solana #altcoins #MicroStrategy #BlackRock #buythedip
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XRP TO HIT $1 IF SEC RULLING IS POSITIVE XRP has seen a notable increase over the past 24 hours. The XRP price has rallied above the $0.52 resistance level, currently trading at $0.5219. This marks a 1.42% rise over the past week, with the market cap now at $28.86 billion, up by 0.67%. Ripple must file counter briefs to the omnibus letter motions filed this week by May 20 alongside the SEC and interested parties. The court is deliberating on issuing an injunction against Ripple and determining penalties for securities law violations. Stuart Alderoty, Ripple’s Chief Legal Officer, praised a Capitol Hill vote. He noted a bipartisan agreement against SEC Chairman Gary Gensler’s perceived crypto overreach. The US Senate passed the Congressional Review Act (CRA), repealing SAB 121. SAB 121 would have required companies, including banks, to include client-owned crypto assets on their balance sheets. This repeal reflects growing resistance to stringent crypto regulations. XRP has shown remarkable stability, consistently maintaining a position above the crucial $0.51 level. This steady performance suggests that XRP might soon reach the $0.55 milestone. If this upward momentum continues, the cryptocurrency could potentially challenge the $0.8 mark and possibly escalate to $1 in the near future. #XRP #altcoins #buythedip #BTC
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⚡️WARNING UR COIN CAN BE BLOCKED⚡️ Tether blocked $53 million in USDT. Why it happened Tether representatives have previously repeatedly stated their desire to comply with the requirements of U.S. regulators Tether Limited, the issuer of the largest stablecoin Tether USD (USDT), today blocked $53 million at four addresses on the Ethereum network. This is reported by Whale Alert, a cryptocurrency transaction tracking service. The reasons for the freezing of funds were not disclosed. Earlier, on May 3, the service also reported the freezing of funds on two wallets with USDT in the Tron blockchain totaling more than $14 million. According to the Dune service, the total amount of funds blocked by Tether is more than 1 billion USDT. Tether has chosen a policy of transparency to U.S. regulators and is proactively blocking sub-sanctioned wallets. Tether promised to track USDT transactions on the secondary market in partnership with Chainalysis. #BTC #usdt #altcoins #BlackRock
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