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📰NEW! 🚀Arthur, the founder of DeFiance Capital, predicts that #Ethereum ( $ETH ) will reach $4,500 before the launch of spot ETH ETFs. 📈This optimism is shared by 58% of respondents in a @WuBlockchain poll, who believe ETH could hit $10,000 this cycle. Currently, ETH is trading at around $3,940, showing a strong upward trend. ✅The expected influx of ETFs and ongoing developments, such as Ethereum 2.0, contribute to the positive market sentiment and potential for further price increases.
A bipartisan group of House lawmakers (incl Majority Whip Tom Emmer and NJ Democrat Josh Gottheimer) have sent Gary Gensler a letter urging the SEC to approve spot Ether ETFs (and 'other' digital assets) bc it offers investors crypto access in regulated transparent safe format
🇺🇸The Biden Administration expresses its enthusiasm to collaborate with Congress to establish a thorough and equitable regulatory framework for digital assets. #BITCOIN
📈BlackRock's #Bitcoin ETF recently saw its highest inflows in six weeks, aligning with a significant $BTC price rally.
📌This increase is linked to broader economic factors such as U.S. Federal Reserve rate hikes and indicators of a recession, which have generally lifted market sentiment across risk assets, including cryptocurrencies.
☑️The move reflects growing institutional interest and the volatile nature of the cryptocurrency market, underscored by over $1 billion in liquidations during this period.
🔥#Bitcoin ETFs saw net inflows of over $237 million on May 20, significantly outpacing the daily mined supply of $BTC .
✅Grayscale’s GBTC and other ETFs like ARKB and BlackRock’s IBIT also reported substantial inflows.
🚀The surge in institutional interest has driven the BTC price to $72,000, with projections suggesting potential increases to $100,000 or more by the end of 2024.
📈This trend reflects a strong bullish sentiment in the market, spurred by recent positive developments and continued investor accumulation.
👉This significant rise in Bitcoin's value coincides with the latest U.S. CPI data, revealing that core inflation has fallen to its lowest point in three years, suggesting a potential easing of economic pressures.
📈This shift in inflation could influence future monetary policy and might be contributing to increased investor confidence in cryptocurrencies like $BTC .
Swiss bank UBS holds 3,600 shares in BlackRock's iShares #Bitcoin Trust, SEC filings show
❗️UBS has purchased 3,600 shares of BlackRock's iShares $BTC Trust, reflecting increased institutional interest in cryptocurrency-focused ETFs.
🚨This ETF is part of a broader trend where major financial institutions are expanding their cryptocurrency asset portfolios.
📈Notably, this includes other significant entities like Goldman Sachs, who are backing various Bitcoin ETF initiatives to enhance the accessibility and legitimacy of Bitcoin investments
Major U.S. banks and Mastercard are exploring the use of tokenization technology to enhance asset settlements, aiming for real-time, transparent transactions.
🔥This involves converting traditional assets into digital tokens manageable via blockchain, enabling instant transaction settlements and improved transparency.
🚨ATTENTION🚨 🇯🇵Japanese investment firm MetaPlanet has recently increased its #Bitcoin holdings by 19.87 BTC, bringing its total cryptocurrency assets to a value of approximately $7.4 million. 🔥This purchase reflects a broader trend where companies are investing in $BTC as a treasury asset, following the example of firms like MicroStrategy. 🚀MetaPlanet's commitment represents a significant portion of its market capitalization, emphasizing their confidence in Bitcoin's long-term value.
🚨MoonPay now allows users to buy cryptocurrencies with PayPal.
👉This update simplifies the purchasing process for MoonPay's global user base. Users can now use their PayPal accounts to buy various cryptocurrencies directly.
❗️This move aims to enhance accessibility to digital assets and attract more users to the crypto space. #Bitcoin $BTC