Good Morning Degens ⛅️

😱BIG PUMP IS COMING!

🫡Are you ready?

$BTC

Bitcoin holdings of BTC investment vehicles has reached a new all-time high, surpassing 1.1m BTC. 

May has seen solid net inflows of 32,690 BTC, offsetting the net outflows from April 

#BTC☀ #Bitcoin $BTC

Elon Musk and Donald Trump are discussing crypto policy as Trump highlights #Bitcoin and other digital assets as a way to reach new voters.

Source: Bloomberg

LayerZero adds Solana to its cross-chain bridge network

The move will enable Solana users to transfer their assets between Arbitrum, Ethereum, Polygon, and other chains integrated with LayerZero.

LayerZero, an interoperability protocol for cross-chain asset transfers, has announced the addition of Solana
to its network of more than 70 blockchains.

#layerzero #Solana #blockchain

Grayscale’s ETHE discount to NAV hits lowest level since 2021 amid growing optimism for Ethereum ETF approval

#ETHETFS $ETH

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

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

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

✅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

Fidelity amends spot Ethereum ETF S-1 filing, states the trust's Ether "will not be staked" - sec

$ETH #ETHETFS #btc70k

https://www.sec.gov/Archives/edgar/data/2000046/000119312524143277/d759655ds1a.htm

🇭🇰Hong Kong spot ether ETFs recorded no net flows Monday as US approval anticipation grows

The three spot ether ETFs in Hong Kong posted zero flows on Monday, according to SoSoValue data.

As of Monday, the total net assets of the three products amounted to $41.14 million.

#ETHETFS #ETFvsBTC $BTC

Upcoming spot Ethereum ETF deadlines

#Ethereum #ETHETFS #btc70k $ETH

SEC decision deadline this week on spot eth ETFs…

SEC must approve both the 19b-4s (exchange rule changes) & S-1s (registration statements) for ETFs to launch.

Technically possible for SEC to approve 19b-4s & then slow play S-1s (esp given reported lack of engagement here).

#ETHETFS #BTC☀️ $BTC $ETH

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Digital asset investment products saw inflows for the second week totalling $932m. The inflows were an immediate response to the CPI report, with the latter 3 trading days of the week making up 89% of the total flows

#BTC☀️ $BTC #bitcoin #ETFvsBTC

BREAKING: Judge has just published his ruling in the COPA vs Craig Wright lawsuit that Craig is not Satoshi Nakamoto. Massive victory for

Massive victory for #Bitcoin

#Bitcoin #BTC☀️ $BTC

ZkSync teases v24 upgrade, fueling airdrop rumors

Zksync said Friday in an X post that it would soon roll out its v24 upgrade, as it aims to further decentralize its protocol this summer. 

The announcement fueled rumors that an airdrop from the Layer 2 solution could come as early as June. 

#Airdrop #zkSyncDevelopment #BTC☀️

14 years ago today, a pizza order changed history.

#notcoin #Bitcoin #BTC☀️

Morgan Stanley discloses US spot bitcoin ETF holdings worth over $270 million in filing

Morgan Stanley has emerged as one of the top holders of U.S. spot bitcoin ETFs as of March 31, according to a Wednesday 13F filing with the SEC.

The multinational investment bank and financial services company disclosed holding $269.9 million worth of Grayscale’s GBTC and $2.3 million of Ark Invest’s ARKB.

#CMEBitcoinSpotTrading #Bitcoin❗

According to 13F reporting, 937 professional firms were invested in U.S. spot Bitcoin ETFs as of March 31. In comparison, gold ETFs had 95 professional firms invested in their first quarter.

Retail owns a majority of the float. Professional investors held exposure of $11.06bn by the end of Q1, representing 18.7% of the BTC ETF AUM

#bitcoin #ETFvsBTC