$BTC Spot ETF 🇺🇸 UPDATE
🗓️ May 23 🇺🇸
Grayscale (GBTC) SOLD 13.7 million USD
ARK (ARKB)
Bitwise (BITB)
Franklin (EZBC)
Invesco (BTCW)
Valkyrie (BRRR) $0
WisdomTree (BTCO)
BlackRock (IBIT)
Fidelity (FBTC)
VanEck (HODL)
———————————
Currently -13.7 million USD

SEC approves SPOT ETH ETF, classifying ETH as a commodity. The approval marks a shift from the SEC’s previous stance. Bipartisan Congressional efforts push for clear crypto regulation.
In a significant move, the Securities and Exchange Commission (SEC) approved the SPOT ETH...

#Litecoin is one of the oldest cryptocurrency,one of the most undervalued.If historical patterns holds,$LTC could skyrocket starting around August or September.

This spring, the #RWA sector achieved 25x growth.

The #AI sector is set to dominate this summer!

Middle/Low cap AI tokens are your opportunity to turn $1K into $100K

Here's a list of tokens poised to make 50-100x gains in the next 2-3 months
🧵👇

$PHA $DOCK $ERN

🧵👇

🔥 $BTC Bitcoin Spot ETF 🇺🇸 UPDATE
🗓️ May 21 🇺🇸
BlackRock (IBIT) BUY $291 million (🎉👍)
VanEck (HODL) SOLD 5.9 million USD
Bitwise (BITB) SOLD 4.2 million USD
Grayscale (GBTC) $0
ARK (ARKB) $0
Franklin (EZBC) $0
Fidelity (FBTC)
Valkyrie (BRRR)
WisdomTree (BTCO)
Invesco (BTCW)
———————————
Current +280.9 million USD

$ETH
Standard Chartered Bank said it expects the SEC to approve Spot Ethereum, resulting in $15 billion to $45 billion inflows into these funds in the first 12 months. They also highlight that ETFs could push ether price to $8K by the end of 2024.

It sounds very bullish and optimistic, and of course Thuan believes that Ether Spot ETF will be very good for Ether in the long term, but in the short term, a gentle reminder that Grayscale has nearly 3 million Ethereum in Trust fund. When switching to Spot ETF, it is likely that there will also be sellers, just like when there is Bitcoin Spot ETF.

Storage demand on Filecoin ( $FIL ) increases in 2024, FIL price is in the potential buying zone

The story of decentralized storage in particular and DePin in general is still not attractive enough to promote capitalization for related projects like Filecoin (FIL). But the fundamental factors are still very positive for investors to continue raising hope for the future.
Here are the latest notes and reviews about Filecoin (FIL), from BeInCrypto.
Signs show that user adoption of Filecoin is steadily increasing
A Crypto project with more and more users will help strengthen its long-term existence. The price of the project's coin or token may not have kept up, but user acceptance is the foundation for the project to continue to develop. Filecoin (FIL) is such a project.

Filecoin Data Sets: In Q1/2024, there were 508 customers utilizing data sets larger than 1,000 TiB, a 9% increase from Q4/2023 (465 customers). Notable customers include The Internet Archive, Solana Lab, USC Shoah Foundation, University of Utah.
Filecoin (FIL): FIL tokens are used for storage and transfer needs. Increased demand may lead to long-term FIL subsidy.
FIL Price: Potential 2024 buy zone. Negative news about core technical team members led to selling pressure, causing a nearly 60% drop from peak prices.

Technical analysis of FIL using Donchian Channel and Volume Profile indicators suggests strong support in 2024. The Donchian Channel indicates a key support zone between $4.5 and $5, coinciding with FIL's largest liquidity area over the past year according to Volume Profile. This indicates a high likelihood of FIL rebounding within this price range.
Despite a 97% decline from its all-time high, FIL has consistently accumulated below $10 over the past year. Therefore, the area below the identified support remains viable for long-term FIL holding. Long-term expectations are supported by user demand and acceptance levels.

$AEVO has received investment from Binance Labs.

Did you know, the Bitcoin Spot ETF only started on January 11 this year and already has 13 of the top 25 hedge funds storing BTC.

BREAKING: $ETH FLIPS @Mastercard IN MARKET CAP

With small capital, all the money to swing at the top of the spot is almost gone 🥹

Traditional businesses are facing difficulties, going bankrupt, unemployed and staying at home for a year

Airdrop is lazy and doesn't know what to do

Trading chicken, so I only dare to bet around 1R = 500u

Luckily these days the market often launches products with crazy prices to force out shorts 🐒

Tip:
Wait for the launchpool line, do a tokenomic analysis with ptcb to see if the facility has a high discharge.

Waiting list futu

Wait for a light pump and pull the Long vol so MM can open a short order

Funding cannot be too high. If it is too high, you should give up because the exchange may anchor the price for a long time to capture funding first. Moderate Funding (< 0.075)

Wait for the chart to break support, check the cex data, and if you see the Sell wall suddenly rising up, open a Short order

Always calculate the SL in advance, set it, if you can afford to lose it then hit. If you feel like you're losing too much, reduce your volume.

Add more shorts when the price runs in the right direction on the sideways with Stop Limit (play after the breakout).

There are always bad odds, but if you win once, try to keep a decent amount, using the profit bet to compensate for the loss to lighten your spirit.

Meme and $BTC will compete in this wave.

Try a little more 😜

$DOGE is about to enter wave 3

We live for what...

🔥 An exciting week for crypto in the US

- Bill FIT21 (crypto market structure) will be voted on tomorrow afternoon

- Decision to approve or reject $ETH ETF within the next 48 hours, many moves from yesterday to now

- President Biden must decide whether to veto or sign into law SAB 121 to repeal SEC regulations by June 2

Tether just printed another 1 billion USDT… and Tether CEO copied and pasted again
#USDT🔥🔥

$ETH ETF can be approved in May!
🚨

$ETH grew by 25% in a day, but Ethereum ecosystem altcoins haven't reacted yet.

It's pretty obvious that we will see $ETH 10,000 one day. But altcoins can make 10x-100x.

Russia and Iran are working together to create a common currency for the BRICS bloc. Iran's ambassador to Russia, Kazem Jalali, said more than 60% of bilateral trade transactions between the two countries are currently conducted in rubles and rials, replacing the US dollar.

The BRICS common currency could be designed to reduce dependence on the US dollar for international trade and finance. Helps member states strengthen cooperation and reduce risks from economic sanctions.

🔥#Gemini said that about 97% of the initial debt amount will be repaid by the end of May and refunded in Crypto, meaning customers who deposited 1 bitcoin into Gemini Earn will receive that 1 Bitcoin back, instead of the USD value. .
This is different from #FTX when they decided to pay in USD the value of Crypto on the day of bankruptcy filing.

$DOGE vs $SHIB

DOGE is a memecoin that serves an investment group based on common beliefs like BTC. Everyone believes it will increase and buy it and it will increase.

Or investors who buy BTC and DOGE just need to be very simple-minded compared to the rest of the market with views such as:

"BTC is the gold of the new era"

"DOGE is Elon Musk's only cryptocurrency project"

SHIB is a memecoin that initially seemed similar to DOGE, but moves over the past 2 years show that SHIB will serve the memecoin group that needs utility (L2, L3 development). That means anyone who is interested in memecoin, but loves technology, will probably prefer SHIB over DOGE.

When DOGE increases, the whole memecoin market will increase

If SHIB increases, the utility/technical memecoin group will increase

Especially if these two memecoins break their peak at the same time, the fomo for the "memecoin supercycle" will really begin. That's the time when you go crazy with money because you're afraid of running out of coins and retail (don't know where it comes from) keeps coming in.

The really good thing is that you will still see insults from these two memecoin groups.

The pure memecoin group, not interested in applicability, will curse the technology memecoin group saying that since it's a memecoin, what's the technology developer doing?

The technology group responded that if it was pure memecoin, it would have no meaning and would be eliminated 😄

But the market always develops based on demand, not by chance.

I see that in the West they like to invest, and came quite early to memecoin. Because meme culture comes from them. Therefore, they will continue to invest heavily in pure memecoins, or culture coins.

But the East still has barriers to this market. They may require something more convincing than memecoin to confidently invest.

For me, the above two groups are both large, the situation I most want to happen is that SHIB still follows the DOGE chart to break the peak next year, of course the sooner the better.

If you pay close attention, you will see that most of the times a lot of money is minted in the accumulation zone!

The periods of $BTC price adjustment will often be the period when money is minted with quite a lot of frequency!

Pay attention to the nearest area around the bottom of 38k, which is also the time to mint a lot of money, then create an accumulation zone and go up!

The current region is also in the Accumulation Range and also mints a lot of money, and is still adjusting within a range of 20-25%.

=> Maybe the 56k area is the bottom this time, the price will go around the current accumulation area and then pump.

My perspective - please comment what you think!

G9 the Whale!

Altseason is loading: ▓▓▓▓▓▓▓▓▓░ 90%

~85% of altcoins won't get pumped.

Time's ticking! Build a powerful portfolio for 10-100x gains now.