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Russia has begun using BTC in foreign trade In response to increasingly difficult trade with key partners, Russia has allowed the use of cryptocurrencies to counter Western sanctions by permitting their use in foreign trade and has made moves to legalize mining. Bitcoin payments are already being used as part of a pilot regime and are planned to be scaled up next year.#Crypto2025Trends #CryptoETFMania #CryptoRegulation2025 #BTCXmasOrDip? $BTC
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$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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