$ETH
The US Securities and Exchange Commission (SEC) has requested immediate submission of draft S-1 filings from organizations issuing Ethereum ETFs – Grayscale updates registration statement
The path to official trading for Ethereum ETFs is wide open as the US Securities and Exchange Commission (SEC) has requested organizations to submit draft S-1 filings before Friday.
All eyes are on the S-1 after form 19b-4 was approved on May 23 prior to trading commencement. As the approval is the result of a last-minute pivot from the SEC, the S-1 templates were not prepared in advance. After potential issuing organizations submit their S-1 filings, the SEC will provide initial comments for subsequent amendments.
However, details regarding seed investments and other aspects of the filings remain unclear and require more time to address. Sources indicate that the S-1 forms will have to undergo at least two more draft submissions before being ready.
Grayscale Investments is the latest organization to update its registration statement for Ethereum ETFs. The asset management giant filed an amended S-3 registration statement on Thursday, a day after BlackRock filed an amended S-1 statement, and a week after VanEck took similar action on the same approval day.
Grayscale's new filing has updated the amount of ETH needed to create a basket of shares: "As of May 28, 2024, the amount of Ether required to create a Basket of 100 Shares is approximately 0.94552590 Ether and the amount of Ether required to create a Basket of 10,000 Shares after the Amended Trust Agreement becomes effective will be 94.552590 Ether."
Bloomberg ETF analyst Eric Balchunas predicts that Ethereum ETFs in the US could launch in June.
$ETH

$PEPE

PEPE has been consistently setting new all-time highs (ATH) in the past month. The significant price increase of this frog-themed memecoin has brought profits to the majority of holders.
According to a tweet by IntoTheBlock, over 96% of cryptocurrency users holding PEPE are currently in profit.
Majority of PEPE Holders in Profit
In the past month, PEPE has continuously recorded new ATHs. This memecoin began showing positive changes in the past week, with price increases and minimal losses.
PEPE has increased by 120% in the past month. However, the trajectory of the asset in the past 24 hours has been different. It has decreased by over 3% since yesterday and is currently trading at $0.0000146 at the time of writing.
Despite the slight price decrease, IntoTheBlock notes that this cryptocurrency currently brings the highest profits among major memecoins, as almost all holders are in profit.
PEPE started the new year with a market capitalization of around $500 million. However, that figure has risen to $6.12 billion at the time of writing. Two weeks ago, the market capitalization of this token was at $5 billion when the price reached an ATH of $0.00001096. Interestingly, all holders were in profit at one point, but market fluctuations have caused the number of profitable PEPE investors to fluctuate.
Three days ago, the price reached an ATH of $0.000017 and the market capitalization rose to $7 billion. At that time, this asset became the 21st largest cryptocurrency by market capitalization, surpassing well-known altcoins like Polygon and Litecoin. Additionally, PEPE's 24-hour trading volume reached $1.8 billion, surpassing competitors Dogecoin (DOGE) and Shiba Inu (SHIB) with market capitalizations just above $1 billion.
The remarkable success in recent months has elevated Pepe to a higher position in the memecoin list, making it the third largest token in the industry, after DOGE and SHIB. Memecoins have also been one of the best-performing assets in the month, and analysts predict that the current price surge is not yet over.
$PEPE

$PEPE
The market capitalization of Pepecoin (PEPE) is currently over $6.33 billion, which is more than 10% higher than the total market capitalization of all major NFT collections. Furthermore, PEPE is also significantly outperforming major NFT collections in terms of daily trading volume, with a meme coin recording a volume of $1.3 billion in the past 24 hours compared to $12.8 million for blue-chip NFTs.
Despite recent signs of strength, such as record-breaking Bitcoin and Solana NFT trading volumes on a weekly basis and the NFT lending market surpassing $2 billion in the first quarter, the token market cannot replace the declining trend.
Hildobby, an investor and member of the DragonFly data team, said the number of NFT traders has decreased by 85% over the past two years.
Meanwhile, the meme coin market has experienced a gradual resurgence in recent months, reaching a market capitalization of nearly $69 billion after a 10% weekly increase.
PEPE is one of the best-performing meme coins recently, rising by 111% in a month and reaching an all-time high on May 27th.
However, analyst Nicolás Lallement of NFT Price Floor emphasizes that once investors complete profit-taking from current narratives, such as meme coins, capital flows may return to blue-chip NFT collections, Bitcoin, and Ethereum.
$PEPE

$SHIB
A cryptocurrency whale, showcasing remarkable patience, sold the SHIB tokens he held for 3.5 years today.
Demonstrating extraordinary patience, a cryptocurrency trader turned a modest $2,700 investment into $1.2 million by holding onto Shiba Inu (SHIB) tokens for over three years.
The initial investor purchased approximately 48.1 billion SHIB on January 31, 2021. The purchase was made on the decentralized exchange Uniswap, and the investor had to pay 2 Wrapped ETH (WETH), equivalent to around $2,700 at that time.
After remaining inactive for three and a half years, the investor sold his SHIB tokens this morning as the token price surged to $0.000026. This sale fetched $1.24 million, marking a 47,592% increase over the initial investment. This translates to a profit of 419 times the initial investment.
Shiba Inu was introduced as a competitor to Dogecoin (DOGE) in late 2020. This memecoin has shown remarkable performance during the 2021 price surge, particularly towards the end of 2021.
$SHIB $SHIB

$FLOKI
Floki Inu Surges Over 20% After Launching a Telegram-Based Trading Bot Allowing FLOKI Holders to Trade Any Token on the BNB Chain Network.
According to Coindesk, the developers of Floki Inu announced that they have launched a Telegram-based trading bot allowing FLOKI holders to trade any token on the BNB Chain network.
A developer from the FLOKI team stated that the Telegram-based bot is expected to be deployed to a small number of users during the beta testing phase to identify and resolve any technical issues.
This feature will then be rolled out to all users by mid-June, he added, mentioning that the bot service will be expanded to other blockchains, including Ethereum and Base.
Finally, the developer expects the newly launched service to increase demand for FLOKI tokens as users will need to hold funds to use the bot.
The bot charges a 1% fee per transaction, and 50% of the collected fees will be used to buy FLOKI on the open market, adding to the buying pressure.
After introducing the new feature, FLOKI saw a 25.72% spike in the past 24 hours, with a recorded price at the time of writing of $0.000282 USD.
As a result, FLOKI became the number one trending token on a leading exchange, surpassing currently popular altcoins such as Ethereum, PEPE, and BONK.
After becoming the hottest memecoin on Binance, FLOKI is now also the number one trending token, surpassing ETH, PEPE, and BONK!
$FLOKI $FLOKI

$BNB #CristianoRonaldo

Cristiano Ronaldo unveils his 4th NFT collection with Binance
Cristiano Ronaldo, the Portuguese soccer superstar, has just launched his fourth NFT collection in collaboration with Binance.
This collection will be introduced on the Binance NFT Marketplace on May 29th and will commemorate the highlights of his career and achievements.
According to a blog post from Binance, Cristiano Ronaldo commented:
"My football journey has taken me all over the world, and I am honored to have played for some of the most prestigious clubs today. Now it's your turn to join me on that journey."
The number of NFTs in Cristiano Ronaldo's new collection will not be revealed until the launch, and the prices are yet to be disclosed. Prices will be the same for all "Regular NFTs," but "Ultra-Rare NFTs" will have different prices.
Previously, Ronaldo's NFT events have included exclusive non-digital perks, such as playing football with Ronaldo in Binance's promotional campaign.
$BNB $BNB

$BTC
Bitcoin (BTC) has witnessed an intriguing week in terms of price volatility. It experienced a notable breakthrough, surpassing the $67k resistance area on May 20th.
On May 23rd and 24th, Bitcoin retested this area as support and bounced higher to trade at $69.1k at the time of writing.
The upward momentum may continue as demand for the cryptocurrency king continues to rise.
Strike CEO Jack Mallers affirmed that "Bitcoin is the best asset you can own" in a conversation with Antony Pompliano.
Social metrics and on-chain activities are weakening. Bitcoin's Social Volume has gradually decreased since March 11th. Weighted Sentiment mostly resides in the negative territory throughout May.
Collectively, they indicate a decrease in social media interaction.
Daily activities have also trended lower since mid-March. Conversely, the amount of dormant circulation has seen a notable spike on April 18th and May 15th.
However, their scale doesn't match the increases seen in March or late February.
This reveals the absence of long-held Bitcoins in on-chain activities, indicating a large selling wave has yet to come. This is a positive sign as it highlights reduced selling pressure.
Demand for Bitcoin is high. In a post on X (formerly Twitter), cryptocurrency analyst Axel Adler pointed out that demand is very hot. This conclusion is drawn based on the entity-adjusted transaction count index.
Based on the chart data, demand is nearing the 2016 surge.
He also noted that the Bitcoin price back then was $300, compared to $69.1k now. Therefore, the amount of capital involved is much greater than 8 years ago.
This demand comes from retail and institutional investors, combined with reduced selling pressure from dormant circulation figures, indicating that Bitcoin is likely to soon reach new all-time highs.
You can view coin prices here.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.
$BTC $BTC

$SOL
Experts in the field are quite optimistic about the prospects of SOL, with some suggesting it could surpass the $400 mark. One such optimist is Ryan McMillin, the investment director at Merkle Tree Capital.

He believes SOL could hit $400 by November 2024, coinciding with the U.S. presidential election. McMillin argues that meme coin trading activity will continue to drive interest and liquidity into the Solana ecosystem amid a bull market.

Meme coins built on Solana, such as Jeo Boden and Donald Tremp, have indeed helped push SOL trading volumes to new highs last week, surpassing those of Ethereum.

Secondly, high-risk assets like cryptocurrencies are expected to benefit from increased liquidity injected into the market through economic stimulus from the U.S. Treasury.

Just today on CNBC's "Fast Money" program, cryptocurrency investor Brian Kelly mentioned that SOL could soon be the next cryptocurrency to receive approval for a spot exchange-traded fund in the United States.
$SOL $SOL

$ETH $BTC
The U.S. SEC has begun engaging with Ethereum ETF issuers regarding the S-1 form. Amid increasing expectations for the approval of Ethereum ETFs, the U.S. Securities and Exchange Commission (SEC) has started discussions with potential fund issuers concerning S-1 registration statements.

"Essentially, it's just getting started," a senior member of an issuing organization said when asked about discussions related to the S-1 form. "It seems like the Investment Management Division is somewhat caught off guard by the shift in sentiment. So, it's just getting started."

For Ethereum ETFs to be approved, the SEC must approve Form 19b-4 filings – following a similar order to previous Bitcoin ETFs – and then the S-1 registration statements must also be approved. Only then can new trading begin.

Typically, before each approval, the forms are returned to registrants for amendments and resubmission. When the final version is submitted, the SEC may choose to approve or deny. While there has been much movement regarding Form 19b-4, only Fidelity recently submitted amended S-1 forms. With discussions on S-1 ongoing, there may be more amendments to come.

Decision day for Ethereum ETF approaches For Form 19b-4 filings, the SEC's deadline to approve or deny VanEck Ethereum ETF's filing is May 23rd. Given the intention to approve multiple issuers simultaneously – as seen with Bitcoin ETFs – experts are optimistic that if an ETF is approved, it will happen today.

Bloomberg ETF analyst Eric Balchunas predicts the SEC will make a decision around 4:00 PM ET.

"For BTC same-day trading, they made the decision around 3:45, with others just after 4:00."

However, even if Form 19b-4 filings are approved, it may take additional time before S-1 forms are ready and effective. This means the S-1 forms could delay the time before trading begins.
$ETH #bitcoin

$PEPE
The price of PEPE continues to please its holders, as this meme coin not only leads the altcoin surge but also marked a new all-time high in the past 24 hours.
However, this might trigger a downturn as investors appear ready to sell.
PEPE Investors Show Signs of Selling
Following the rise in PEPE's price, the meme coin seems poised to witness significant sell-offs as investors reap substantial profits. According to the Network Realized Profit/Loss index, the overall increase has shown notable signals over the past month.
Realized profits indicate that investors are selling, and this is likely to increase now that the meme coin has reached a new ATH. This appears to have saturated the upward momentum and could lead to substantial selling.
PEPE Network Realized Profits. Source: Santiment
Secondly, the Market Value to Realized Value (MVRV) ratio also suggests profit-taking. The MVRV ratio tracks investor profits and losses. With PEPE's 30-day MVRV at 38%, indicating profitability, selling could follow. Historically, meme coins have undergone corrections at MVRV levels between 15% and 36%, marking it as a danger zone. PEPE has surpassed this level, indicating a stronger potential for profit-taking. If this occurs, the altcoin could see a drop below key support levels.
PEPE MVRV Ratio. Source: Santiment
PEPE Price Prediction: Awaiting a Drop
At the time of writing, this meme coin shows no signs of decline, but considering the above indicators, it may happen soon. The most likely outcome would be a drop to $0.00001251, marking the 78.6% Fibonacci retracement level. Strong selling pressure could extend this decline, and PEPE might drop to the 61.8% Fib line at $0.00001146. This line is known as a support floor for the bull market, so losing it would erase some recent gains.
PEPE Price Analysis. Source: TradingView
However, if PEPE rebounds off this support level, the meme coin could have a chance to restart its recovery. The same occurred in mid-May before PEPE's price surged as it has now. This could invalidate the bearish argument.
$PEPE $PEPE

$BTC

Hong Kong has seen an outflow of $82.5 million, indicating that the hype around cryptocurrency ETFs in the region may not be justified. Global ETF volumes slightly increased last week but remain significantly lower than the volumes seen in March and April.

BTC/USD Trading Plan for May 22, 2024: Weekly Inflows into Digital Assets Surge Over 600% Following CPI Report Response
Market Overview: Bitcoin accounted for a significant portion of the total inflows, with capital inflows exceeding $942 million. Solana and Chainlink also saw inflows of $4.9 million and $3.7 million, respectively. On the other hand, Ethereum experienced an outflow of nearly $23 million due to bearish sentiment last week related to the approval of the spot ETH ETF.

However, things are looking positive for digital assets this week following rumors that the SEC is preparing to approve ETFs as the May 23 deadline approaches.

Regionally, the U.S. dominated with inflows of over $1 billion. Canada continued to see outflows for the second consecutive week, with outflows of about $17 million. Hong Kong saw outflows of $82.5 million, suggesting that the launch of Bitcoin and Ethereum ETFs in the region may not be as impactful as expected.

The total volume across global ETFs also slightly increased from $8 billion to $10.5 billion last week. However, this is still much lower than the $40 billion volume seen in March.
With the market opening the new week on a positive note on Monday, global ETFs might see even higher inflows.

$BTC

$BTC

Within the past 24 hours, Bitcoin (BTC) has surged above the critical level of $70,000. Indeed, the leading cryptocurrency has seen its value increase by over 5%, according to CoinMarketCap. However, with this recent surge, the market is curious about why BTC has spiked significantly at the beginning of the week.
Numerous factors appear to explain the overall spike that BTC experienced on Monday. Furthermore, the overall market has seen broadly positive developments as May approaches Memorial Day weekend.
Specifically, assets like Solana, Ethereum, and Cardano have had notable price increases over the past 7 days. But let’s explore whether the market is responsible for driving Bitcoin’s resurgence as it stands.
BTC Surpasses $70,000 as Market Surges
At the start of the year, Bitcoin witnessed the U.S. Securities and Exchange Commission (SEC) approving the issuance of spot exchange-traded funds (ETFs) for the asset. This proved to be a landmark development for the leading cryptocurrency and dominated the discussions surrounding it.
Therefore, the discussion of why Bitcoin (BTC) has reached the current $70,000 level needs to begin with that development. Specifically, the digital asset sector has seen numerous high-profile financial institutions reveal their exposure to the recently approved Spot Bitcoin ETF.
The latest of these is Morgan Stanley, which revealed that it held $270 million worth of Grayscale’s Bitcoin Trust as of March. This disclosure put Morgan Stanley on par with JPMorgan, Wells Fargo, UBS, and others.
$BTC

$SHIB
Shiba Inu tăng cường đốt mạnh – 410 nghìn tỷ token đã biến mất

Shiba Inu đốt hàng triệu SHIB mặc dù giá giảm, hơn 410 nghìn tỷ SHIB bị đốt cháy kể từ khi memecoin này ra mắt.

Vào ngày hôm nay, tốc độ đốt token hàng ngày của Shiba Inu đã tăng bất chấp giá SHIB gần đây đã giảm. Trong một báo cáo gần đây của nền tảng theo dõi Shibburn trên X cho thấy tốc độ đốt tăng mạnh 62,58% trong vòng 24 giờ qua.

Thông qua sáng kiến ​​đốt mới nhất này, cộng đồng Shiba Inu đã đưa thành công 6,9 triệu token SHIB ra khỏi nguồn lưu hành.

Ngoài việc đốt 6,9 triệu SHIB gần đây, cộng đồng Shiba Inu đã loại bỏ thêm một số token trong tuần qua, nâng tổng số tiền bị đốt lên 57,67 triệu SHIB trong tuần. Tuy nhiên, con số này thể hiện mức giảm 57% so với tổng lượng đốt của tuần trước.

Kể từ khi ra mắt với tư cách là dự án memecoin hàng đầu vào năm 2020, cộng đồng Shiba Inu đã đốt thành công hơn 410 nghìn tỷ SHIB. Điều này chỉ khiến 582,9 nghìn tỷ SHIB được lưu hành trong số một triệu token được tạo ra.

Ý nghĩa của việc đốt coin?

Việc đốt coin sẽ giúp giảm số lượng coin trên thị trường. Khi đó, nguồn cung hàng ngày sẽ giảm và nếu nhu cầu mua tăng lên sẽ giúp giá của token này tăng.

Ngoài ra, việc đốt coin còn thể hiện sự cam kết của đội ngũ phát triển dự án, giúp cho nhà giao dịch củng cố niềm tin vào dự án mình đang đầu tư.

Tại thời điểm viết bài này, hơn 6,28 nghìn tỷ SHIB vẫn bị khóa trong các nền tảng đặt cược. SHIB đang giao dịch với giá 0,00002408 USD, thể hiện mức phục hồi nhẹ 0,2% sau khi trải qua đợt giảm giá  5,84% gần đây.

 $SHIB

$BTC
If I had the opportunity to own 10,000 BTC like Laszlo Hanyecz did in 2010, I would store it in a cold wallet and wait for BTC to go to the moon before releasing it with a bottle of premium champagne at the highest place in the city where I live.

$$🙈🙉#BinancePizzaVN