PEOPLE Continue to break through and increase strongly! The major price increase in the PEOPLE market comes at the moment when users exchange it for the native token ETH of the Ethereum blockchain. That's mainly because ConstitutionDAO, a decentralized autonomous organization (DAO), crowdfunded more than $47 million in ETH through a PEOPLE sale. They wanted to use the proceeds to buy a rare copy of the US constitution but lost out to billionaire Citadel CEO Ken Griffin in a recent auction organized by Sotheby's. Having failed to purchase the constitution and keeping $47 million in ETH in a multi-signature wallet, ConstitutionDAO decided to refund the entire amount to the sponsors. But many in the DAO community on Discord emphasized that they don't want to pay exorbitant gas refund fees. In response, the ConstitutionDAO team offers two options to donors: they can return the PEOPLE token for ETH (minus gas fees) or choose to receive a new governance token, called We The People (WTP), which No need to pay gas fees, at a rate of 1 PEOPLE = 1 WTP. Meanwhile, if donors do not choose to request a refund, ConstitutionDAO will retain that capital. As a result, the DAO will be able to keep a portion of ETH in its treasury as long as sponsors convert PEOPLE to WTP or do not receive any compensation. So, if the value of ETH increases, the price of WTP will likely increase in parallel. 👉The ratio of Fomo + thrust is still very strong 👉 Prepare for information about the US presidential election 👉 $ETH fund approved + having the same meme coin trend is still very strong.
Big Event PEPE $whale 2 hours ago 234.3B $PEPE ($3.8M) transferred from 0xDd68 to Binance Address: https://platform.arkhamintelligence.com/explorer/address/0xDd6815139B0e8C62698bEfc7e7996ae8618Adc27 $PEPE
3 altcoins will skip trading this week due to token unlocking Optimism (OP) - Trading at 2,541 USD, down 0.37%. - $79.61 million worth of OP tokens will be unlocked on May 31 (2.88% of circulating supply). DYDX - Trading at 2,084 USD, up 2.97%. - $69 million worth of DYDX tokens will be unlocked on June 1 (11.9% of circulating supply). SUI - Trading at 1.0641 USD, down 1.34%. - $68.79 million worth of SUI tokens will be unlocked on June 1 (2.8% of circulating supply). Conclusion - Token unlocking typically leads to an increase in supply and potentially a decrease in price, making these altcoins risky to trade this week $OP $DYDX $SUI
Thanks to the positive effect of Spot Ether ETF, can the price of #ETH increase sharply to this area? After a slight adjustment on May 24, the crypto market quickly recovered. Many experts and investment funds continue to believe that the market will continue to increase in price in the coming months and the following are their comments. Michaël van de Poppe (Founder of MNTrading) believes that #btc has completed the adjustment and successfully retested the support zone of 67k5-68k. According to BitQuant, Bitcoin can surpass $80K and reach $95K in June! Regarding Ethereum, QCP Capital believes that the price of ETH can increase by 60% similar to the performance of BTC after the SEC approved the Spot BTC ETF, which means that the price of ETH can surpass $6,200 in the near future. Analyst Jelly also shares the same positive view as QCP, as he points out that ETH has broken out of the Falling Wedge pattern on the daily chart, ready to accumulate to surpass the $6,000 mark this year.
It is clear that not only the retail investors community, but also professional analysts and investment funds are extremely bullish on the crypto market in the coming months!
Ethereum(ETH) falls below 3,700 USDT with decline narrowing 3.08% in 24 hours At 15:56 pm on May 24, 2024 (UTC). According to Binance Market Data, Ethereum has fallen below 3,700 USDT and is currently trading at 3,694.649902 USDT, with a contraction of 3.08% in 24 hours.$ETH
Algorand Foundation's new advertisement causes controversy According to PANews, a new advertisement released by the Algorand Foundation on YouTube on May 23 has sparked debate. The ad skims over rival networks Bitcoin, Ethereum and Solana, implying that they are not suitable for payments. The ad, titled 'When Blockchain Meets the Real World, Only One Can Deliver', depicts a supermarket checkout feature. Customers attempt to pay with three different crypto assets: Bitcoin, Ethereum, and Solana. In the ad, customers trying to pay with Bitcoin are asked to wait because the transaction takes 27 minutes. Customers using Ethereum were informed that the transaction required a $112 fee and that customers who chose Solana were unable to complete the payment because the transaction kept failing. The scene then shifts to another form of payment, where customers pay instantly with Algorand, accompanied by the caption 'Instant certainty, low cost, designed for the speed of life.' Political consultant and businessman Anthony Scaramucci also appears at the end of the ad, asking how to join Algorand payments. However, some commentators later pointed out Scaramucci's hypocrisy when he posted on social media just hours after releasing the ad that his next product was 'SOL ETF.' $BTC $ETH $SOL
Some news from the past 24 hours that you need to pay attention to 🔸 Spot ETH ETF at VanEck has been listed on DTCC with code $ETH 🔹 AEVO - Binance Labs announced investment in Aevo. 🔸 CRO - Cronos announced the successful upgrade of its zkEVM Testnet to Tethys. Mainnet launch planned for summer. 🔹 FLOKI - Floki DAO is scheduled to burn 15,246,000,000 $FLOKI tokens on May 22. 🔸 GALA - Gala team received 20 million USD from a hacker and proposed to burn ~5 billion tokens after a security incident. 🔹JUP - Jupiter announced its massive Unified Marketplace initiative. The team plans to index memecoin, RWA, stocks, and forex for atomic transactions. 🔹 XAI - XAI announces the completion of the event first halving. 🔸Arbitrum announced a $200 million Gaming Catalyst Program on Tally. Online voting is expected to begin in 3 days. $DMT $MAGIC 🔹 Trump's US presidential campaign now accepts donations in SOL, BTC, ETH and other tokens. #binance
🛑🛑 Urgent update on monetary policy and its impact on $BTC $ETH $SOL 🛑🛑 ⤵️ Main points: 1. Monetary policy uncertainty: 🇺🇸 Despite restrictive monetary policies, there is still uncertainty about how much tightening is needed. 📈 Higher interest rates may have less impact than before. 📉 Long-term interest rates may be higher. 🏭 Potential economic output may be lower than expected. 2. Viewpoint of the Federal Reserve: 🇺🇸 The Fed believes that monetary policy is well positioned to handle economic changes and risks. 3. Policy orientation based on economic conditions: 🇺🇸 Current restrictive policies may continue if inflation does not move towards the 2% target. 📊 Policy can be loosened if the labor market weakens suddenly. 4. Potential for further tightening: - 🇺🇸 Many Fed members are ready to tighten policy further if inflation risks increase. 🛑 Disclaimer: This information does not constitute financial advice. Always do your own research (DYOR).
US Ethereum futures ETF hits record trading volume According to Foresight News, the US Ethereum futures ETF reached a record trading volume of $47.75 million on Tuesday. This represents a 40% increase from the peak of $34.18 million set on March 5 when Ethereum neared the $4000 mark. Data indicates that ProShares' Ethereum Strategy ETF (EETH) dominated the category, accounting for 90% of yesterday's trading volume, reaching $43.14 million. $ETH
SEC Chairman Gary Gensler has spoken out against the Financial Innovation and Technology Act (FIT21) that is about to be voted on in the House of Representatives
He believes that FIT21 will create legal loopholes, putting investors at risk.
Contrary to the SEC Chairman, most of the Crypto community is very supportive of FIT21 because it brings more legal certainty, something that Crypto is lacking in the United States and around the world.
If this bill passes, it will:
🔹 Provide blockchain projects with a roadmap to launch safely and effectively in the United States;
🔹 Clarify the line between the SEC and CFTC on who regulates what, helping to define Crypto as a security or a commodity;
🔹 Oversee exchanges and protect investors with regulations such as: separating customer assets from exchange assets, regulating internal token lockup periods, limiting annual sales volume, and requiring projects to be transparent about information, etc.
The House is expected to vote on the bill early tomorrow morning. After that, FIT21 will need to be approved by the Senate before the President signs it into law, but this process is expected to be accompanied by more drama and is unlikely to have results this year.
Old and common mistakes: 1. *Skip research* 📊: Invest in projects you understand well and don't rush into unknown areas. 2. *Overtrading* 🔄: Focus on quality investments and hold them for the long term, avoiding excessive fees. 3. *Buy FOMO* 😬: Stay disciplined and don't let fear drive your investment decisions. 4. *Skip risk management* ⚠️: Protect your investments with a solid risk management strategy. 5. *Impatient* 🕰️: Trust your research and strategy, even when the market is slow. Science and discipline are things that need long-term learning. $BTC $ETH $PEPE
Degen develops a compensation plan for wallets affected by previous outages According to Foresight News, Degen, a project within the Base ecosystem, announced that it is building a compensation plan for wallets that lost funds due to previous Degen Chain downtime. Details of the compensation plan have not yet been announced. This initiative is considered a move to restore users' trust and confidence after the unfortunate incident. The downtime resulted in the loss of funds, causing distress to wallet holders. Degen is currently taking steps to remedy this situation and ensure such incidents do not reoccur in the future.
US Bitcoin Spot ETF Sees Net Inflows of Around $307 Million According to BlockBeats, the US Bitcoin Spot ETF saw a net inflow of around $307 million on May 22, according to data monitored by HODL15Capital. This significant financial movement shows that investors are increasingly interested in Bitcoin, despite the volatile nature of the cryptocurrency market. The significant inflow into Bitcoin Spot ETFs underscores investors’ growing confidence in Bitcoin’s potential as a viable investment option. It also reflects the growing acceptance of Bitcoin and other cryptocurrencies in the mainstream financial markets. However, it is important to note that while this inflow is a positive sign, the cryptocurrency market is notorious for its volatility and unpredictability. Therefore, investors should be cautious and conduct thorough research before making any investment decisions in this sector.$BTC
Early this morning, May 22, 5 companies submitted a 19b-4 amendment to the ETH Spot ETF proposal, including: Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, Franklin and all were sent through Chicago. Board Options Exchange (CBOE). There's still a long way to go. But this shows that the rumors of the SEC calling on funds to submit amendments to the 19b-4 Ethereum Spot ETF are true. It is likely that the SEC will approve the 19b-4 application tomorrow, but it will take a few more weeks or more for the SEC to approve the S-1 application as well. Importantly, to start trading, the SEC needs to approve both applications.
$NOT just went through another sale! Is this a bad sign and when will it get better? Looking at the 1 minute chart, it looks like #Notcion out of #Altacoins is losing huge ground right now, but I suspect that it may just reaffirm it as the bottom. On the other hand, looking at the 1h chart, we don't really see a strong bullish trend, unless they change, at which point the coin will likely start to recover and continue to move sideways... Unless the news changes. Where is the real bottom?
Polyhedra announces new developments in Expander, aimed at advancing Ethereum consensus technology According to Odaily, Polyhedra has announced the latest development roadmap for Expander. After successfully implementing trustless interoperability in zkBridge, Polyhedra plans to further advance the development of zkVM and zkML. Through its implementation of distributed computing, GPUs, and hardware, Expander aims to boost performance to new levels, significantly improving the speed and efficiency of proof generation. Expander's roadmap highlights features such as complex circuit compilers and efficient witness generation, integrating Proof Cloud to provide comprehensive ZK proofing services. In the roadmap, future DExpander, through distributed computing, is expected to bring a 100x speedup to Expander. Polyhedra also demonstrated the ability to complete Ethereum's full consensus ZK proof in 10 seconds via distributed proof, opening up the possibility for Ethereum's Single Slot Finality (SSF). SSF is an important milestone that the Ethereum community, including Ethereum founder Vitalik Buterin, has been striving for for a long time. It has huge implications for Ethereum consensus technology. Expander has provided a major breakthrough towards realizing this important milestone.
Be cautious about buying and selling at the moment As everyone knows, the next uptrend event is coming, but what to buy to make a short-term profit to catch up with the coins that are about to increase strongly According to the cycle of the past years, everyone may have seen or is about to see which cryptocurrency will grow next Usually, it will be the meme coin that pushes up strongly to create a short-term fever, so at the present time, meme will be the coins that will be short-term for investment But buying meme to buy which type is still difficult to choose My choice $PEPE $SHIB