In today's news: –

According to an application filed with the US Securities and Exchange Commission (SEC) on May 28, Hashdex withdrew its application for a spot Ethereum ETF. The first proposal to withdraw the application came on May 24, just after the SEC approved every spot ETH ETF application.

The US Treasury Report published a risk assessment report on NFTs. The report highlighted that NFTs and similar assets are highly prone to being used in fraud and fraud.

Total market cap is in red

After showing signs of closing above $2.50 trillion for days, the total value of all crypto assets has fallen below that level. Total market capitalization currently stands at $2.46 trillion, the lowest point in nearly ten days.

The next critical support is at $2.39 trillion; A drop to this point would mean a drop of 2.5%, which is possible. This is because the Ichimoku Cloud is bearish despite being below the candlesticks.