A Solana developer recently took an extreme and dangerous approach to pump his bags 🫣

In a bizarre and reckless stunt, he set himself on fire during a livestream, using isopropyl alcohol and fireworks. This resulted in severe third-degree burns, landing him in the hospital.

The incident, which was meant to draw attention to his crypto meme coin, underscores the lengths to which some individuals will go to gain publicity out of greed 🤦‍♀️.
probably was 😅
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 Although the ETH ETF is already here, the price shows that everything is priced in and the market is in no hurry to rally on positive news 🤷‍♀️

Day summary:

🔸 United Arab Emirates issued an advisory to farmers prohibiting mining crypto on farms

🔸 Popular dog Kabosu, the face of dogecoin, and several other meme tokens, died

🔸 Bybit announced it will list zkSync token $ZK and change the Polyhedra trading ticket symbol because of that 😄

🔸 Standard Chartered says that Solana and XRP spot ETFs are likely next up

🔸 The Bitcoin whitepaper is back on Bitcoin.org after Craig Wright failed to prove in court that he’s Satoshi Nakamoto (he isn't)

🔸 European Data Protection Board says ChatGPT outputs too much false information to comply with rules 🇪🇺

🔸 JPMorgan agreed to pay $100 million over CFTC trade reporting violations

Miners are back! Bitcoin's 7-day hashrate reached 632 EH/s. This is an increase of 5.6% over the past 7 days ⛏

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Chinese gold trading activity explodes 📈

With gold trading close to its ATH price, China's gold trading volumes have seen a huge surge, which is a very positive development for the precious metal 🥇

But why is this happening? Here are the main reasons 👇

• Anticipation of Fed rate cuts has boosted gold's appeal as a non-interest-bearing asset.

• Geopolitical tensions in Eastern Europe and the Middle East have reinforced gold's safe-haven status.

• China's central bank has been accumulating gold rapidly in recent years.

• Private and institutional demand for gold has risen sharply, partly due to concerns about the weakening property sector and sluggish economic growth. 

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At the age of 18, the famous dog Kabosu, aka the dog behind the Doge meme, died 😢

BlackRock's Spot Ethereum ETF has been listed on the DTCC under ticker $ETHA right after the SEC approved eight spot ETFs yesterday 🏦

Bloomberg Intelligence ETF analyst expects Ethereum ETFs to be 10-15% of the assets of the BTC ETFs. Several indicators suggest institutional interest in Ethereum is much lower than it was for Bitcoin 📊

On the second day of Tigran Gambaryan’s money laundering trial in Nigeria, the jailed Binance executive was called to the dock but he immediately fainted and a $35 million money laundering trial is now delayed until next month 😧

🔹 Last 24 hours top 3 gainers:

Ondo - $1.12 (↑12.79%)
Lido DAO - $2.27 (↑5.97%)
Chainlink - $17.56 (↑5.80%)

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💸Ethereum ETF approval will set stage for 💰 Solana ETF, commodity classification

According to a recent Bernstein report, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US may establish a precedent for classifying Solana (SOL) as a commodity. The classification of cryptocurrencies as either securities or commodities holds significant implications. Commodity classification facilitates ETF applications and approvals, while security classification subjects assets to stricter SEC oversight.
probably was 😅
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ETH ETF approved.
Congratulations everyone
probably was 😅
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✅ After a long wait, we have arrived - Ethereum bulls can celebrate today 🐮🎉

Day summary:

🔸 SEC approved all spot Ethereum ETFs

🔸 Ethereum is effectively deemed a Commodity by the SEC

🔸 Asset manager Grayscale unveiled two new investment trusts

🔸 US lawmakers voted in favor of a crypto market structure bill FIT21

🔸 Five potential spot ETH ETF issuers have submitted amended 19b-4 filings

🔸 Bloomberg analyst James Seyffart said that after the futures the CFTC approved ETF, the SOL SPOT ETF could be next

🔸 US House passes bill to ban the Federal Reserve from creating a Central Bank Digital Currency

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ETH CHART

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US lawmakers send Gary Gensler a letter urging approval of spot Ethereum ETFs, and "other" digital assets (what could it be 🤔) Ethereum price is back above $3,900 on the news 📈

US lawmakers voted in favor of a crypto market structure bill FIT21 that could have a sweeping impact on the US regulatory backdrop for digital assets if it eventually becomes law ⚖️

Five potential spot ETH ETF issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the US SEC 📄

Bloomberg analyst James Seyffart said that after the futures the CFTC approved ETF, the SOL SPOT ETF could be approved in a few years ⏳

🔹 Last 24 hours top 3 gainers:

Bonk - $0.000035 (↑15.12%)
Ethereum Classic - $33.04 (↑9.93%)
Ethena - $0.885 (↑7.38%)

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‼️Global bank Standard Chartered expects #Bitcoin  to break new all-time highs by this weekend and $150,000 price target by the end of this year.

probably was 😅
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🇺🇸BREAKING: Crypto bill FIT21 passed by 279-136 vote in US House.

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✅ Crypto is stuck in limbo waiting for the next big price move, meanwhile, the long-awaited quarterly report from Nvidia pleases the bulls 📈

Day summary:

🔸  Nvidia reports $26 billion in revenue for Q1, 5.3% higher than expectations, also announces a ten-for-one stock split 💸

🔸 Biden's administration says it's eager to work with Congress to create a "balanced regulatory framework for digital assets"

🔸 Goldman Sachs CEO says he doesn't expect the Fed to cut interest rates this year

🔸 MetaMask could add Bitcoin support within the next month, though plans aren’t firm

🔸 Joe Biden announced his latest student loan forgiveness plan by canceling $7.7 billion in debts for 160k borrowers

🔸 It's Bitcoin Pizza Day! 14 years ago one man bought two large pizzas for 10,000 bitcoins 🍕

🔸 AllianceBernstein's analysts say ETH can rise to $6,600 if ETFs are approved

🔸 FTX Founder Sam Bankman-Fried is moving to the new prison in California

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American asset management firm calls for ETH to $6,600 if ETFs are approved 📈

According to their analysts, ETH may rally to $6.6k or by 75% in a few months if spot Ethereum ETFs are approved by the SEC.

“Given the sustained demand inflow seen by Bitcoin, leading to 75% rally since the ETF approval, we would expect similar price action for ETH" an analyst at AllianceBernstein said 👀
probably was 😅
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🇺🇸BREAKING: The White House opposes Crypto bill FIT21 due to insufficient consumer protections but they seek to collaborate with Congress for a balanced framework that fosters innovation and safeguards investors
probably was 😅
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VanEck Spot Ethereum ETF has been listed on the DTCC under the ticker $ETHV. This doesn't mean that the SEC has approved anything, just a good signal for the bulls 🐮

UK April CPI numbers: YoY CPI slowed sharply from 3.2% to 2.3%, but still above the expectation of 2.1%. Core YoY CPI fell by 0.3% from 4.2% 📊

Coinbase has launched the "Tech Against Scams" coalition with partners including Meta, Kraken, Ripple, Gemini, the Global Anti-Scam Organization, and Match Group ✋

After the PCPD ruled that Worldcoin’s retention of sensitive biometric data for up to 10 years solely for AI model training was unjustified, Worldcoin ordered to stop operations in Hong Kong 👁

🔹 Last 24 hours top 3 gainers:

Pepe - $0.0000136 (↑22.9%)
GALA - $0.0491 (↑18.7%)
FLOKI - $0.00023 (↑8.1%)
probably was 😅
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SEC Chair Gary Gensler doesn't like the FIT21 Bill, says it would hurt investors & hamper the SEC's work The House of Representatives is expected to vote on the FIT21 bill in the coming weeks.

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Good Morning Crypto  - 5 ethereum ETF applicants amended their 19b-4 filing - Fidelity removes the eth staking idea amid approval - Vaneck ETH spot ETF listed on DTCC website - Trump accepts crypto donations for vote campaign - Nvidia earning report releasing today
probably was 😅
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Important Events in Coming weeks to watch out for :

If all are approved - This will be a very big win for Crypto Space.

1) Eth Spot ETF Approval
2) Sec's SAB121 Repeal to be Signed by Biden
3) Voting on FIT21 Bill
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✅ The crypto market is up today, with the total market capitalization rising by 6.66% to rest at $2.6 trillion. At the same time, Bitcoin’s market dominance decreased by 1.44% because ETH is flying to the moon 📈

Day summary:

🔸 Uniswap Labs urges SEC to drop pending enforcement action in Wells response ⚖️

🔸 The US SEC has requested that both Nasdaq and the CBOE make updates to their applications to list Spot ETH ETFs

🔸 Standard Chartered said they expect the US SEC to approve spot ETH spot ETFs later this week 

🔸 Microsoft unveiled the “designed for AI” Copilot+ PC 💻

🔸 Gala Games got exploited for nearly $214 million in GALA tokens

🔸 Two Ethereum Foundation researchers have disclosed advisory roles at EigenFoundation which raised concerns about conflict of interest

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Ethereum Open Interest hits a new ATH 📈

The aggregated open interest of ETH/USD trading pairs is at a record high. This indicates increased market participation 📊

High open interest doesn't specify a bullish or bearish trend; it depends on the positions' direction and market reactions, but it raises the risk of liquidations, which can amplify price movements.

In short: Be prepared for a roller coaster ride 🎢
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