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Top 10 BSC Projects by Development Activity in the last 30 days , Must See. LIKE ๐Ÿ‘ FOLLOW ๐Ÿ™ COMMENTโœ๏ธ SHARE ๐Ÿ”— #bscgem #Binance #crypto2023 #bicasso #crypto101

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Binanceโ€™s Big Boss Talks Ethereum ETFs! ๐Ÿš€ Hey there, crypto enthusiasts! ๐ŸŒ Richard Teng, the head honcho at Binance, is super stoked about the US SEC giving the green light to Ethereum ETFs. ๐ŸŽ‰ Itโ€™s like opening a brand new chapter for the crypto world! ๐Ÿ“– Richardโ€™s buzzing because this is a game-changer. Itโ€™s like cryptoโ€™s getting a VIP pass into the traditional market club. ๐Ÿฆ๐Ÿ’ƒ Heโ€™s betting that this move will turbo-charge the adoption of crypto assets and give a high-five to the active ETF scene. โœจ Did you know? There are already 27 ETH ETFs strutting their stuff in the market. And letโ€™s not forget the 32 Bitcoin ETFs that are making waves in 5 different markets. ๐ŸŒŠ Richardโ€™s reading between the lines here and seeing a big thumbs-up for Ethereum, which could mean the crypto ecosystemโ€™s about to hit the growth accelerator. ๐Ÿ“ˆ Remember when spot Bitcoin ETFs hogged the limelight with a whopping $13 billion after their US debut? Richardโ€™s got his eyes on the prize, expecting Ethereum ETFs to follow suit and get a boost from even more cool regulatory moves. ๐Ÿ›ฃ๏ธ This is all about making the crypto trading playground safer and more inviting, so more big players can jump into the game. ๐Ÿค And guess what? The grapevineโ€™s buzzing that once Ethereum ETFs hit the stage, other major altcoins like Solana and XRP might just grab the spotlight too. ๐ŸŒŸ So, letโ€™s strap in and watch the crypto universe expand! ๐Ÿš€๐ŸŒŒ $BTC $ETH #ETF #CEO #Binance
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๐Ÿ” Why Isn't ETH Mooning Yet? ๐Ÿ” 1. Buy the Rumor, Sell the News: The lack of significant price movement post-approval might be due to the idea that "everyone who wanted to buy the approval already did." In other words, the anticipation of ETF approval may have already been priced into the market. ๐Ÿ“ˆ๐Ÿ’ก 2. ETFs Aren't Live Yet: While the ETFs have received the green light, they haven't officially launched. The process involves an approved S-1 filing, which includes financial details and risk profiles. So, net new capital inflow is still on the horizon. ๐Ÿ“„๐Ÿ’ฐ 3. Historical Precedent: Remember when spot Bitcoin ETFs were approved? Bitcoin's price initially dropped 15% before eventually spiking 30% over 30 days. So, patience might be key here. ๐Ÿ•ฐ๏ธโš–๏ธ 4. Grayscale's Influence: Grayscale's plan to convert its Ethereum Trust (ETHE) into a spot Ether ETF could impact the market. Similar to what happened with Grayscale Bitcoin Trust (GBTC), there are concerns about potential outflows. ๐Ÿ“‰๐Ÿค” 5. ETH Is Undervalued: Independent Ethereum enthusiasts believe that ETH is "stupidly undervalued." The market has had only three days to fully absorb the ETF approval news. ๐Ÿคทโ€โ™‚๏ธ๐Ÿ’Ž --- So, fellow crypto enthusiasts, keep an eye on those ETF inflows, stay patient, and let's see where the Ether rocket takes us next! ๐Ÿš€๐ŸŒ™ Remember, PEPE is soaring too! ๐Ÿธ๐Ÿ“ˆ #ETF #Ethereum $ETH #ETHETFS #ETHETFsApproved
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๐Ÿ”ฅ ๐Ÿ”ฅ ๐Ÿ”ฅ ๐Ÿ”ฅ ๐Ÿ”ฅ **Crypto Markets: A Rollercoaster Ride! ๐ŸŽข** This week, the crypto markets have been on a wild journey, fueled by Ethereum's surge and the US Securities and Exchange Commission's (SEC) nod for spot exchange-traded funds. ๐Ÿ“ˆ Here's the scoop: 1. **Bitcoin Options Expiry:** - Around $1.4 billion in Bitcoin options contracts are set to expire on May 24. Not a massive event, but wait for the real fireworks on May 31 when $4.3 billion worth of options will expire! ๐Ÿ’ฅ - The put/call ratio for this week's Bitcoin options is 0.88, meaning long and short-contract sellers are evenly matched (with slightly more calls expiring). - Bulls dominate open interest (OI) at the $70,000 strike price, flexing around $830 million. Higher strike prices also boast hefty OI, like $843 million at $100,000. Bulls are feeling bullish! ๐Ÿ‚ 2. **Ethereum Spotlight:** - Around 354,000 Ethereum contracts expire today, with a notional value of $1.5 billion. The put/call ratio favors more calls expiring (0.57). - Derivatives traders are speculating on ETH ahead of the SEC's deadline. At the $4,000 strike price, there's $515 million in OI. Bulls want more momentum! ๐Ÿ™Œ 3. **Crypto Market Impact:** - Nearly $3 billion in BTC and ETH options expire today, but the impact on spot markets is usually muted. - Total market capitalization dipped 1.3% to $2.68 trillion due to a 2.3% slide in Bitcoin prices (currently at $67,400). Ethereum stands calmly at $3,730. ๐ŸŒŠ - Altcoins: Gains for Chainlink (LINK), PEPE, and Ethereum Classic (ETC), but losses for Solana (SOL), Dogecoin (DOGE), and Toncoin (TON). Stay tuned for more crypto adventures! ๐ŸŒŒ๐Ÿ”๐ŸŒŸ $BTC $ETH $BNB #bitcoin #Binance #SEC #Web3 #solana
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