✅ Bitcoin again tried to reach the $71,000 mark but fell back halfway, Ethereum failed to overcome sellers' resistance at $4,000 😶

Day summary:

🔸 Trump pledges to free Silk Road creator Ross Ulbricht if he gets re-elected

🔸 The founder and CEO of DeFiance Capital says that the price of ETH could rally to $4,500 very soon 👀

🔸 Caitlyn Jenner's X account started promoting Solana memecoins, many believe that account was hacked

🔸 Trader GCR X’s account was stolen by hackers, who used it to pump and dump ORDI coin

🔸 Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin adoption 🤝

🔸 Ethereum developers schedule Pectra upgrade for Q1 2025

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #EarnFreeCrypto2024

Top 7 token unlocks for this week 🔓

The total value of tokens unlocked this week will exceed $197.92 million which is not a lot at all, which, if not bullish is at least not bearish for alts 👇

• dYdX - $67.77M
• 1inch - $30.78M
• Portal - $26.59M
• Axelar - $24.28M
• Skale - $17.30M
• Biconomy - $16.47M
• Orbler - $14.73M

probably was 😅
#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #EarnFreeCrypto2024

Donald Trump: "I will support the right to self-custody," adding that he will "keep [Sen. Elizabeth Warren] and her guuns away from your Bitcoin." He also promised to block any efforts to issue a CBDC. Crypto is becoming an increasingly political issue 😳

The founder and CEO of DeFiance Capital says that the price of ETH could rally to the $4,500 mark before the official approval of the first spot Ether exchange-traded funds ETFs 📈

American celebrity Caitlyn Jenner apparently launched a token on the Solana blockchain, but its legitimacy was questioned due to past celebrity X account compromises 🤨

Trader GCR X’s account was stolen by hackers, who used it to pump and dump ORDI causing the price to rise from around $38 to $44.5 in just a few minutes ☝️👇

🔹 Last 24 hours top 3 gainers:

FLOKI - $0.00027 (↑20.82%)
JasmyCoin - $0.025 (↑11.09%)
Synthetix Network - $3.11 (↑6.94%)

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #EarnFreeCrypto2024

✅ The week was volatile, what many people were waiting for happened - spot ETH ETFs were approved by the SEC, which led to a significant increase in the price of Ethereum, which can't be said about the rest of the market 😬

Weekly news digest:

💎 Crypto

🔸 The SEC approved spot Ethereum ETFs 

🔸 AllianceBernstein's analysts say ETH can rise to $6,600 if ETFs are approved
 
🔸 MetaMask could add Bitcoin support within the next month 🦊
 
🔸 Gala Games got exploited for nearly $214 million in GALA tokens

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

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

🔸 Memecoin Normie was attacked, and its price plummeted by more than 99% in one minute

🏦 Crypto exchanges

🔸 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

💵 Finances and Economy

🔸 Asset manager Grayscale unveiled two new investment trusts
 
🔸 Joe Biden announced his latest student loan forgiveness plan by canceling $7.7 billion in debts for 160k borrowers
 
🔸 Microsoft unveiled the “designed for AI” Copilot+ PC
 
🔸 Apple has launched a discounting campaign in China, offering discounts of up to $318

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

⚖️ Law and Order

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

🔸 US lawmakers voted in favor of a crypto market structure bill FIT21
 
🔸 US House passes bill to ban the Federal Reserve from creating a Central Bank Digital Currency

🔸 CEO of Grayscale resigns and will be replaced by Goldman Sachs executive
 
🔸 Iran's President Ebrahim Raisi died in a helicopter crash

🔸 Donald Trump vows to free Silk Road founder Ross Ulbricht from prison if re-elected

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #EarnFreeCrypto2024

How to use the Polarized Fractal Efficiency (PFE) indicator 📊

The Polarized Fractal Efficiency (PFE) indicator uses fractal geometry to check the efficiency of price movements, helping traders identify trends and potential reversals.

📈 A PFE value above zero indicates efficient upward movement, suggesting a potential bullish price action.

📉 A PFE value below zero indicates efficient downward movement, hinting at a potential bearish trend.

👉 When looking for a good trade, look for divergences between PFE and the price. If the price is making new highs and the PFE is not, it may signal weakening momentum and a potential reversal, and vice versa.

✔️ Use PFE with other indicators to confirm trends. Higher absolute PFE values suggest stronger trends, while lower values indicate weaker trends or sideways movements.

📌 Save for later and share with a friend!

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #EarnFreeCrypto2024

Bitcoin's recent RSI trends show parallels with the 2017 bull run, suggesting a potential major price breakout. If Bitcoin reaches $75,000, it could trigger significant upward momentum 📈

Veteran crypto market commentator Tom Lee says that Bitcoin is on track to hit $150,000 in 2024: “Bitcoin’s still, we think, early in an upcycle, so the idea that it could get to $150,000 this year is still within our base case" 🐮
probably was 😅
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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 😅
#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

 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 ⛏

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

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. 

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

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%)

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

💸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 😅
#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

ETH ETF approved.
Congratulations everyone
probably was 😅
#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

✅ 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

#ETFvsBTC #MemeWatch202450 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

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%)

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

‼️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.

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

✅ 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

#ETFvsBTC #MemeWatch2024 #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning

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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