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PayPal has launched its stablecoin on Solana💰
PayPal's PYUSD stablecoin has been launched on the Solana network
Previously, PYUSD worked only on Ethereum💰#StartInvestingInCrypto #SolanaUSTD #SOLUSDT! #Solana_Blockchain 

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.

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$SHIB Is the SHIB price capable of rising to the $0.00003 level over the weekend? A well-known meme coin in the cryptocurrency market, Shiba Inu (SHIB) is often compared to Dogecoin, all because the token's performance in 2024 has been quite remarkable. At the beginning of the year, SHIB traded just below $0.000010, then the token underwent a significant surge, rising more than 450% to reach a yearly high of $0.000045 in mid-February. Although the current price is still 67.6% below the all-time high reached in 2021, the recent price movement suggests renewed interest and market sentiment towards memcoin. SHIB is currently trading at around $0.00002776 after a period of consolidation. There is now uncertainty as to whether the token has sufficient fundamental support to lift its value beyond the psychologically important level at $0.00003 over the coming weekend. How high will Shiba Inu be able to go this weekend? In the last 24 hours, Shiba Inu's value has fallen 6% to $0.00002591, that's the data from CoinGecko. According to analysts at Changelly, SHIB will trade at a low of $0.00002986 and a high of $0.00003448 this weekend. The forecast also emphasizes that SHIB could reach the 0.00003 level. Historically, bitcoin's momentum has often served as a catalyst for price movements in other cryptocurrencies. The most significant rise in the SHIB price coincided with bitcoin reaching a new high near $73,000. Since bitcoin is considered a key indicator of overall market sentiment, its ability to overcome previous resistance levels often leads to an uptick in the overall market, especially for the more speculative altcoins. However, relying solely on bitcoin's price behavior is not enough for future SHIB growth, especially in the absence of significant fundamental events.#altcoins #shiba⚡ #Megadrop #BTC☀ $SHIB

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Ranking of meme tokens by capitalization in May 2024 The place of the market leader is held by Dogecoin (DOGE). In May, the capitalization of this coin grew by 22.9% (to $23.59 billion). However, trading activity decreased by 12.5% (to $1.25 billion per day). Created as a joke in 2013, this cryptocurrency became the progenitor of meme tokens. The DOGE token owes its popularity to Ilon Musk. The entrepreneur repeatedly mentioned the asset on Twitter (now - X), which caused an instant price increase. In 2022, it was even possible to buy a Tesla car for DOGE. Now the coin is used by many charitable organizations to collect donations. In second place in terms of capitalization is Shiba Inu (SHIB). At the end of May, the total available supply of the asset was estimated at $15.21 billion. Growth for the month amounted to 15.6%. Trading activity increased by 41% (to $948.44 million). The second most popular meme token was named after the breed of dog in the Dogecoin logo - the Shiba Inu. The developers sent almost half of the assets to Vitalik Buterin's wallet immediately after the coins were released. The remaining 589.26 trillion are in free circulation. The third place in terms of capitalization among meme tokens is occupied by Pepe (PEPE). In May 2024, the value of all coins in circulation is $6.74 billion. The total trading volume on exchanges reaches $1.74 billion. PEPE coin also leads the meme segment in terms of open interest in the futures market. In May 2024, the asset's figure is $812 million. This cryptocurrency is also ahead of other coins from the top 100 in terms of growth dynamics. Since the beginning of May, the price of PEPE has already increased by 144% (from $0.00000656 to $0.00001601). The top 5 meme tokens by capitalization in May 2024 also include: -- dogwifhat (WIF) - $3.65 billion. -- FLOKI (FLOKI) - $2.86 bln. #doge⚡ #FLOKI? #shiba⚡ #pepe⚡ #StartInvestingInCrypto $DOGE $FLOKI $SHIB

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Media: spot Ethereum-ETF issuers have until May 31 to submit corrected filings -- Media reports that the SEC has reached out to issuers of spot Ethereum-ETFs. -- The SRegulator has asked those counterparties whose Form 19b-4 filings were previously approved to file amended S-1s. -- SRegulators have until May 31 inclusive to do so. The US Securities and Exchange Commission (SEC) has asked issuers of spot Ethereum-ETFs to file amended S-1 filings up to and including May 31, 2024. This was reported by The Block, citing its sources. After that, as one of the publication's interlocutors noted, it is likely that the Commission will check the papers and leave new comments. At this stage, issuers are required to make minimal edits, The Block emphasized. Moreover, two companies have already filed new Form S-1 filings. They are VanEck and BlackRock. The publication's interlocutors noted that several rounds of such edits will be required before final approval of the products. This could take several weeks to months. In a comment regarding the corrected S-1 application from BlackRock, Bloomberg Intelligence expert Eric Balchunas noted that trading on spot Ethereum-ETFs may start in early July 2024. Recall, the issuers of these exchange-traded funds received partial approval from the Commission on May 23, 2024. The regulator approved the Form 19b-4 (rule change) filings of eight counterparties. Ethereum (ETH) has not reacted to this news in any way. All this week, from May 27 to May 31, 2024, the asset trades with a slight minus, which can be explained by the previous jump on the background of the SEC's decision#ETHETFsApproved #ETH🔥🔥🔥🔥 $ETH

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Bitcoin is trying to get closer to $68,500 The cryptocurrency market is adding minimally on Friday. At the time of publishing this review, bitcoin (BTC) was trading at $68,386. Ether (ETH) rose to $3743 due to low activity of Asian traders. Dogecoin (DOGE), Cardano (ADA) and Toncoin (TON) are rising in value. U.S. stock futures also declined moderately during Asia-Pacific trading as investors reassess strategy ahead of the release of inflation data, CNBC reported. Futures on the S&P 500 and Nasdaq fell 0.3 percent. Trading in the U.S. the day before ended with the Dow Jones indicator sagging more than 300 points. Capital also withdrew from the shares of technology companies, the performance of which is reflected in the stock indexes S & P 500 and Nasdaq. In the market of spot bitcoin-ETF there was a redistribution of capital in favor of the IBIT fund from BlackRock. Now it has become the largest holder of BTC, while GBTC from Grayscale dropped to the second place. IBIT manages $19.68 billion worth of digital currency, while GBTC accumulated $19.65 billion worth of bitcoins, Bloomberg reports. Since the launch of exchange-traded cryptofunds ETFs investing in BTC, the volume of capital investments in such instruments amounted to $58.5 billion.#BTC☀ #bitcoin☀️ #etherreum #ETHETFsApproved #btc70k $BTC $ETH

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How options expiration will affect BTC and ETH The notional value of the 69,179 BTC and 908,754 ETH contracts expiring soon is $4.7 billion and $3.4 billion, respectively. Let's see if the expiry can provoke increased volatility in the market and affect the price of the two largest cryptocurrencies by capitalization. Options traders overestimated the strength of the bulls According to Deribit, the put/call options ratio on BTC is holding steady at 0.61. This means that traders are still maintaining a bullish bias, and the number of calls, or long contracts, outnumber puts, or short contracts. The maximum pain point - that is, the price at which the asset will cause financial losses to the largest number of holders - is at $66 thousand. However, given the bulls' inability to break above the $70,000 resistance, traders' optimism may be overdone. 91% of contracts were placed at or above $72,000, which means that holders were counting on a sustained rally. What will happen to the BTC price amid the expiration Bitcoin's price briefly rose above $70,000 this week amid renewed inflows into spot ETFs. However, the asset was unable to hold its ground and open the way for a new rally. At the time of writing, BTC is trading at $68,300, having added 0.6% over the past 24 hours. Ethereum's dynamics are also unexpressive: despite the long-awaited approval of eight spot ETFs on ETH, the second most capitalized cryptocurrency still can't get back to $4,000. Predicting how the market will behave on the day of expiration of a large number of contracts is quite difficult - especially if any events affecting the news background are added to it. Nevertheless, traders should keep a close eye on the situation so that the increased volatility does not lead to unwanted triggering of stop loss orders or making wrong trading decisions.#BTC☀ #btc70k #ETH🔥🔥🔥🔥 $BTC $ETH

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