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🤔 Top CEOs and Analysts Announce Altcoins That Could Launch ETFs After Ethereum The U.S. Securities and Exchange Commission (SEC) has greenlit 19b-4 forms for eight spot Ethereum ETFs from leading companies like BlackRock and Fidelity. However, approval of other spot crypto ETFs may be a more challenging journey. Former White House Communications Director and managing partner of alternative investment firm SkyBridge, Anthony Scaramucci, expressed optimism that a Solana ETF is next. Following the approval of spot Ethereum ETFs, Scaramucci confidently said, “A SOL ETF is coming, get ready.” Brian Kelly, a host on CNBC, speculated about the chances of an ETF for Solana, the fifth-largest cryptocurrency by market cap. “Bitcoin, Ethereum and Solana are probably the big three for this cycle,” he said, suggesting Solana could be the next big thing. Kelly's comments echoed those of Joe McCann, a Solana investor and founder, CEO and CIO of crypto fund Asymmetric. McCann believes that if another ETF is approved, it will be Solana. However, he also acknowledged potential problems for Solana and other cryptocurrencies, noting that the Coinbase case used language that could affect future approvals. McCann highlighted Dogecoin as another potential competitor for an ETF, given its similarities to Bitcoin's launch and its status as “definitely not a security.” Litecoin has also attracted attention for similar reasons. However, from a regulatory perspective, while Dogecoin and Litecoin may be more suitable options, the financial obligation required to launch a Litecoin ETF may be a deterrent for issuers. $LTC #LTC

⚠️ Do Kwon’s extradition to go back to Montenegro High Court after appeal Since his arrest in March 2023, Do Kwon has been in Montenegro. He could be extradited to either his native South Korea or the United States to face fraud charges. After another successful appeal from Do Kwon’s legal team, Montenegro’s High Court will decide whether to extradite the Terraform Labs co-founder to the United States or South Korea. According to a May 24 report from Montenegrin news outlet Vijesti, the country’s court of appeals accepted arguments from Kwon’s lawyers and returned the question of extradition to the High Court “for retrial and decision.” The appeal marked the latest legal maneuver Kwon’s team used to delay his transfer to the U.S. or South Korea, where he would face criminal charges. “If the person whose extradition is sought gives his consent to extradition, it is a shortened procedure that has to be applied and in which case the court decides on extradition,” Montenegro’s court of appeals reportedly said in its decision, adding: 💬 “The first-instance court was obliged to hear the defendant again while ensuring the fulfillment of guarantees that the person whose extradition is sought gave consent voluntarily, was aware of its consequences, and that the given consent cannot be revoked.” Authorities in Montenegro arrested Kwon in March 2023 for using falsified travel documents while attempting to leave the country. He was sentenced to four months in prison, then released as courts weighed competing requests for extradition from the U.S. and South Korea. In April, a U.S. court found Terraform Labs and Kwon liable for fraud as part of a civil case brought by the Securities and Exchange Commission. A judge is scheduled to hear proposed remedies from the two parties in a May 29 hearing. As Montenegro’s courts tussle over Kwon’s extradition, it’s unclear whether he can assist in his defense in person in the U.S. or his native South Korea. If extradited to South Korea, Kwon faces an indictment for fraud and violations of capital markets law. $LUNC $LUNA #DoKwon

🤔 Shiba Inu vs BONK: Buy, Sell or Hodl? Shiba Inu vs BONK: Technical Analysis 🔸 #SHIB Shiba Inu, also labeled “Dogecoin Killer,” has sparked intense discussion and speculation within the cryptocurrency world. Analyzing its technical indicators illuminates its present direction. Exponential and simple moving averages present a slightly bearish outlook, but longer-term averages show a bullish sentiment. Shorter period EMAs are showing a preference for selling, while the longer-term EMAs, particularly the 100 and 200-day averages, indicate a buying opportunity. Oscillators are generally indicating a neutral position, as seen with indicators such as the Relative Strength Index (RSI) hovering in the neutral range, indicating neither overbought nor oversold situations. The MACD line shows a slightly bullish buy signal, suggesting possible upward movement. Fibonacci levels provide important guidance for traders by revealing possible price ceilings and floors. Should the price of SHIB decrease, it will find support and $0.00001146 . In case the price increases, it will find resistance at $0.00002929, $0.00003620, and $0.00004857. Caution is recommended as SHIB moves through these levels during uncertain market conditions. 🔸 #BONK On the other hand, BONK, another player in the crypto market, offers a distinct technical environment. Both exponential and simple moving averages are indicating a buy signal, suggesting a bullish perspective. The shorter EMAs show a bit of selling mood, while the longer EMAs, specifically the 100 and 200-day SMAs, indicate a robust buying signal. Indicators for BONK show a varied outlook, as the Stochastic RSI and Momentum suggest selling, while the MACD and Williams Percent Range remain in neutral territory. Fibonacci levels, in conjunction with pivot points, are important indicators for potential price changes. The Should BONK’s price decrease, it will find support levels at $0.00000426, $0.00000426, and $0.00001346. On the upside, in case the price increases, it will find resistance at $0.00003075, $0.00003884 $SHIB $BONK

🔁 How to Choose the Right Crypto Pairing Choosing the right crypto pairing is crucial for successful cryptocurrency trading. With many trading pairs available, it can be overwhelming for new traders to make informed decisions. This article will focus on two popular trading pairs: USDT to TRX and BNB to ETH, providing key insights and tips to help you choose the right crypto pairing for your trading strategy. 1️⃣ Liquidity refers to the ease with which a cryptocurrency can be bought or sold without affecting its market price. High liquidity means many buyers and sellers, allowing for a smooth trading experience. When choosing a crypto pairing, opt for pairs with high liquidity, as they offer better pricing and faster transactions. 2️⃣ Volatility: Volatility is the degree of price fluctuation in a cryptocurrency. High volatility can lead to significant price swings, offering profit opportunities and increasing risk. When selecting a crypto pairing, consider your risk tolerance and trading strategy. Pairs with lower volatility may be more suitable for long-term investment, while pairs with higher volatility may be better for short-term trading. 3️⃣ Trading Volume: Trading volume is the total number of coins traded within a specific time frame. High trading volume indicates strong market interest and a more active trading community. Opt for crypto pairings with high trading volumes, offering better pricing and lower slippage. 4️⃣ Market Cap: Market capitalization (market cap) is the total value of all coins in circulation. Pairings with larger market caps are generally more stable and less prone to extreme price swings. When choosing a crypto pairing, consider the market cap of both coins to assess their overall stability and potential for growth. 5️⃣ Exchange Fees: Exchange fees are the costs of trading on a cryptocurrency exchange. Fees can vary significantly between exchanges and trading pairs. When selecting a crypto pairing, consider the fees associated with the trade, as they can impact your overall profitability. #Crypto #CryptoPairs

⚠️ First Bitcoin ETF, Now Ethereum ETF, Whose Next SOL, XRP? On January 11, the U.S. Securities and Exchange Commission (SEC) approved the first Spot Bitcoin ETF. Four months later, the SEC approved another spot ETF, this time for Ethereum. This highlights the SEC’s evolving stance toward crypto adoption. Meanwhile, Crypto analysts at Standard Chartered weighed in on the potential ETF launch for other altcoins. 🔸 Solana & XRP ETFs On The Line With Ethereum ETFs now on the market, attention is shifting towards other potential candidates for ETF approval. Geoffrey Kendrick, Head of Forex and Digital Assets Research at Standard Chartered Bank, suggests that Solana (SOL) and XRP ETFs could be approved as early as 2025. 💬 JUST IN: Standard Chartered analyst Geoffrey Kendrick said that cryptocurrency ETFs such as SOL and XRP may be approved in 2025, and the approval of the ETH ETF means that ETH and similar cryptocurrencies will not be classified as securities. — SolanaFloor May 24, 2024 Kendrick further highlights that the SEC’s treatment of Ethereum could set a precedent for other cryptocurrencies. He points out that if Ethereum is not considered a security, other coins with similar characteristics, such as Solana and XRP, might also evade this classification. Kendrick notes that the recent approval of Ethereum ETFs implies that ETH-like coins, which share similar technological foundations, may not be classified as securities by the SEC. 🔸 The Future of Crypto ETFs Crypto analyst The Birb Nest observes that the narrative around a Solana ETF is gaining momentum on crypto Twitter and among media outlets. He suggests that while regulation will take time, the anticipation of a Solana ETF is growing. In the meantime, market participants are encouraged to drive a “full-blown meme mania” around Solana, similar to the hype seen with meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB). They will try to push the narrative that $SOL is another ETF. $SOL $XRP #SOL #XRP

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