Bitcoin from a classical perspective
Breaking the neckline at 60,000.

Bitcoin from a classical perspective
It broke the neckline at 60,000 and reached the first retracement area at $56,600, and now it is retesting the break of the neckline at 60,000. Therefore, in order for us to be certain that the correction has ended, we must break $60,500 and trade a week above 60,000.

Be very focused and take advantage of the upcoming upward wave and secure your capital and profits when it rises
Don't be sure to go to the next Bull Market forever.
The next Bull Market will be different from the previous Bull Market. The causes will be different, and most likely it will be an economic crisis similar to the 2008 crisis, and it will be more violent and stronger than the previous Bull Market, as for the next one, the previous burermarket and nothing.
I expect that it will be very severe for the American market in particular, with the possibility of breaking the lows from which the American market is now rising.

400 Million XRP Unlocked From Escrow, XRP Reacts Unexpectedly.

A whale transaction involving 400 million XRP, worth approximately $213.9 million, was unlocked from an escrow wallet.

According to Whale Alert, the 400 million processed on the Ripple blockchain is between two unknown wallets. The transaction is creating a buzz in some quarters of the XRP community. Some consider this a dump while others see it as a signal of incoming inflation.

Ripple's "lock" and "unlock" of escrow.

As per the data shared by Whale Alert, the transaction had a nominal fee of 0.0001 XRP. The Ripple escrow system launched in December 2017, is a way to ensure predictability and stability of the XRP market while providing liquidity.

On Friday, May 3, Ripple Labs shifted 800 million XRP into an escrow wallet to
rebalance the circulating supply of the digital currency in three tranches. The
lock-up did not result in the recovery of
losses incurred in the previous week.

Ripple's escrows typically unlock approximately 1 billion XRP each month, with any unspent portion returned to escrow. The unlocking of 400 million XRP is sparking speculation as to the XRP market trajectory in the coming days.

Market response to 400 million XRP unlock.

Despite the sizable unlock, the reaction within the XRP market has been relatively calm. Although large unlocks can lead to volatility due to increased liquidity and potential market speculation, at the time of writing, the XRP price as shown on CoinMarketCap reveals that XRP is up 1.9 3% at $0.5303.

While the 400 million XRP unlock did not cause significant market turmoil, industry watchers advise investors to keep monitoring Ripple's escrow activity and its potential impact on the broader cryptocurrency market.

The ongoing legal battles Ripple faces with the U.S. Securities and Exchange Commission (SEC) continues to trail the exchange. Ripple recently filed a crucial reply to the SEC's remedies briefing in April where the regulatory authority sought disgorgement of profits derived from XRP sales and civil penalties.

Bitcoin (BTC) User Paid Eye-Watering $100,254 for Single Transaction.

A single Bitcoin (BTC) transaction has caught the attention of many owing to its gas fee size. Blockchain analytics platform Whale Alert confirmed that a fee of 1.5 BTC was paid for a single transaction. This fee is equivalent to $100,254 based on the current market value of the top cryptocurrency. This fee is quite higher than the average transaction cost.

This user paid this enormous fee to have their transfer included in an ordinary Bitcoin block. Some of these transactions have been recorded in the past. In September 2023, a Bitcoin user paid a transaction fee of 19 BTC. This was around the time when Bitcoin price was trading at $26,000, hence, the 19 BTC was equivalent to $509,563.

Then again, in January, another BTC account paid over 4 BTC to have their transfer included in an ordinary Bitcoin block. The transaction was therefore charged with a whopping 1,800,890 sat/vB fee.

Potential reason for high transaction fee.

Payment of such exorbitant fees usually raise suspicions as many market observers wonder the circumstances that could have led to it. At press time, Bitcoin's average transaction fee was at a level of $4.696, up from $3.740 on May 4 and down from $6.696 one year ago. This is also a change of 25.57% from yesterday and -29.86% from one year ago, per data from YChart.

It is worth noting that ordinarily transaction fees can fluctuate due to network congestion. It once reached as high as $60 during the 2017 cryptocurrency boom. Hence, this outrageous transaction fee recently recorded could be a result of a mistake or a misconfiguration in transaction software. It could also be potentially for reasons known only to the transaction initiator or even a possible money laundering scheme.

Wormhole (W) Price Prediction 2024, 2025, 2030 | Will Wormhole reach $10?

Wormhole Coin, also denoted by W, is a cryptocurrency that facilitates communication and data transfer across multiple blockchains. It serves as a bridge between different blockchain networks, enabling a more interconnected and cohesive blockchain ecosystem.

Here's a quick rundown on Wormhole Coin:

Price: $0.73 (as of May 4, 2024)

Market cap: $1.32
billion (as of May 4, 2024)

Circulating supply: 1.8 billion W tokens.

The price prediction of Wormhole (W) looks bullish in 2024.
The maximum price of Wormhole can be around $2.95 in 2024.
Wormhole can reach the maximum price level of $4.17 in 2025.
Wormhole can reach the target of $10 in 2030.

Wormhole is a newly launched altcoin project. If you’re looking for the Wormhole Coin price prediction, this analysis can be helpful for you. Our price prediction is based on a deep technical analysis and the current performance of the Wormhole. Here we will try to analyze the potential of the Wormhole Coin in the long term.

Wormhole (W) Price Prediction 2024.

Wormhole is pumping in 2024 due to listing on giant exchanges. The average price of a Wormhole Coin can be around $2.84 in 2024. The maximum price level of Wormhole can be around $2.95 by 2024 if current growth continues. The Wormhole can reach more highs this year if the market sees some good movements. If the market gets down the minimum price of a Wormhole Coin can be around $1.65 in 2024.

#CryptoWatchMay2024

Tensor (TNSR) Coin.

Tensor (TNSR) is the native token of the Tensor marketplace, a leading NFT marketplace built on the Solana blockchain. Launched in July 2022, Tensor has quickly captured a significant portion of the Solana NFT market, processing 60-70% of the daily trading volume.

Tensor (TNSR) Price Prediction 2024, 2025, 2030.

The price prediction of Tensor (TNSR) Coin looks bullish in 2024.
The maximum price of Tensor Coin can be around $3.05 in 2024.
Tensor can reach the maximum price level of $5.16 in 2025.
The average price of Tensor can reach around $37.54 in 2030.
Tensor is one of the fastest-growing altcoin crypto projects in the market. If you’re here for the Tensor Coin price prediction or finding the future of TNSR, this analysis can be helpful for you. Our prediction is based on a deep technical analysis and the current performance of the Tensor. Here we will analyze the potential of the Tensor coin in the long term.

Tensor (TNSR) Price Prediction 2024.

Tensor may create a new ATH level in 2024 if the market sees some good movements. The average price of Tensor can be around $2.68 in 2024. According to our technical analysis, the Tensor can reach a maximum price level of $3.05 by the end of 2024 if current growth continues. However, the minimum price of Tensor can be down to $1.92 for 2024 if the market goes down. Per our analysis, The Tensor coin’s value will increase because of the new initiatives and community support.

#CryptoWatchMay2024

About Berkshire Hathaway Major Bitcoin Statement Made by Michael Saylor.

Michael Saylor, a prominent Bitcoin advocate and founder of the MicroStrategy business intelligence giant, has published a tweet about the world's flagship cryptocurrency and one of Bitcoin's biggest critics Warren Buffett and his investment giant Berkshire Hathaway.

This tweet came out after the first Berkshire Hathaway shareholders meeting that took place earlier this week. For the first time since the company was founded, the meeting took place without Buffett's right-hand man and vice president Charlie Munger. The latter passed away in November last year at the age of 99.

Munger was and Buffett remains a persistent critic of Bitcoin, claiming that BTC is going nowhere. Once Buffett even referred to it as "rat poison squared." However, last year, the primary cryptocurrency amazed the financial world by surpassing Berkshire Hathaway by the size of its market capitalization and leaving it far behind.

At the time of this writing, Buffett company's market cap stands at 862.05 billion, while Bitcoin already boasts $1,245,020,193,429.

Saylor tweeted that he only hope he sees for the company legendary to the investment world is Bitcoin.

In his tweet, Saylor hints that Warren Buffett should consider following in the footsteps of MicroStrategy. This company has been steadily buying BTC since the August of 2020.

In April, the company purchased another 122 BTC lump with $7.8 million. This increased its overall holdings to 214,400 ВTC evaluated at a whopping $13.22 billion on the balance sheet. Thanks to Bitcoin and the money raised from shareholders to buy more of it, MicroStrategy's market capitalization now holds at $21.57 billion.

Over the last 24 hours, Bitcoin has managed to stage a recovery of almost 7% as it suddenly rose from the $59,000 price tag to $63,190 where it is changing hands as of this writing.

SHIB, BONK, WIF's Sudden Price Jumps; What's Behind Them?

The cryptocurrency market has recently seen a substantial price increase in several tokens, including Shiba Inu (SHIB), Bonk (B ONK) and Dogwifhat (WIF).

This surprising rally follows weaker-than- expected April jobs data, prompting speculators to shift their bets into riskier assets, including cryptocurrencies.

Nonfarm payrolls grew by 175,000 in April, falling short of the Dow Jones consensus projection of 240,000. The unemployment rate rose to 3.9%, defying forecasts that it would remain at 3.8%. A broader jobless rate edged up to 7.4%, the highest level since November 2021.

Following the news, traders priced in a high probability of two interest rate cuts before the end of 2024.

Shiba Inu price action.

Dog-themed cryptocurrency Shiba Inu (SHIB) rose by 8% following the data release. At the time of writing, SHIB was up 5.88% in the last 24 hours to $0.00002382. If Shiba Inu ends higher today, it will be the third consecutive day of advances since May 1.

The token's market capitalization has risen, indicating a larger recovery on the cryptocurrency market. The price increase also coincides with the completion of the Shibarium hard fork.

Shiba Inu layer 2 Shibarium has completed its hard fork at block height 4504576, which will usher in lightning-fast transactions and predictable gas prices.

BONK's price action.

Solana dog coin Bonk (BONK) initiated a bullish reversal from lows of $0.00002062 on May 1. The asset is currently on a recovery path, riding a wave of bullish momentum sweeping the broader crypto market.

At the time of writing, BONK was up 12.41% in the last 24 hours to $0.000028 and is set to mark its third consecutive day of gains.

WIF price action.

Dogwifhat (WIF), a meme coin based on Solana, has also seen a price increase, rising 9% in the last 24 hours to trade at $2.94 as of press time. WIF began a rebound from its lows of $2.29 on May 1 and has maintained bullish momentum.

Ethereum (ETH) Price Prediction for May 3.

ETH/USD.

The rate of Ethereum (ETH) has increased by 1.38% over the past 24 hours.

On the hourly chart, the price of ETH has broken the local resistance level of $3,015. If the daily bar closes above it, the upward move may continue to the $3,100 zone on the weekend.

On the bigger time frame, the rate of the main altcoin keeps rising after a false breakout of the support level of $2,852.

If the candle closes above yesterday's peak with no long wick, growth may lead to the test of the $3,100-$3,150 area soon.

From the midterm point of view, one should pay attention to the weekly candle closure. If it happens far from $2,900, buyers might seize the initiative that can lead to a bounce back to $3,200.

Ethereum is trading at $3,083 at press time.

SHIB Burns on Fire After Shiba Inu Team Performs Hard Fork.

According to data provided by the Shibburn meme coin wallet tracker, a large amount of SHIB has been burned since yesterday morning. This burn increase has driven the SHIB burn rate far up.

The drastic increase in the burn rate took place after the Shiba Inu team performed the first hard fork on its layer-2 blockchain, Shibarium.

Burn rate skyrockets 15x - 616%.

The above-stated source of data has shared that within the period of the last 24 hours, the burn rate of popular meme- inspired cryptocurrency Shiba Inu has seen a drastic surge from +43% to 616.15%, thanks to a single transaction.

Overall, the SHIB community has transferred to unspendable blockchain wallets 18,663,708 SHIB. The largest transaction took place roughly an hour ago, carrying 14,943,135 SHIB to a dead address.

SHIB member reveals Ryoshi's major burn "secret".

This week, the Shiba Inu team's marketing expert Lucie reminded the community about one of the things done by enigmatic SHIB founder Ryoshi in relation to token burns.

She responded to a tweet from an X platform user who tagged Shytoshi Kusama, asking him about the continuation of SHIB burns by the team. Lucie stepped into the conversation, stating that it is user activity on Shibarium that allows developers to destroy meme coins.

Lucie stated that Ryoshi burned his keys to the SHIB supply, thus depriving himself of the chance to send as many tokens as he perhaps wanted. The mysterious founder meant to say, per Lucie, that "for anything to be burned, it must first be purchased.” The team insider then clarified this for the X user, saying: "In order to conduct burns, you need to generate income to facilitate the process."

SHIB conducts hard fork.

According to a recent tweet issued by the Shiba Inu account, the SHIB team has completed a hard fork on the Shibarium blockchain. This remarkable upgrade promises much faster transactions than before, and also gas fees that are "predictable for everyone."

Bitcoin (BTC) Reclaims $60,000 as Crucial Metric Points to Price Rebound.

In a dramatic turn of events following a tumultuous week for the cryptocurrency market, Bitcoin (BTC) has managed to claw its way back above the $60,000 threshold after briefly plunging near $57,000. This resurgence comes amid cautious optimism as a key metric suggests a potential rebound in the near term.

As of the latest data from CoinMarketCap, Bitcoin is currently trading at $60,128, marking a 2.29% increase over the past 24 hours. The recovery follows a period of intense volatility that saw the world's largest cryptocurrency experiencing a sharp correction earlier in the week.

CryptoQuant, a leading on-chain analytics platform, recently shared insights suggesting a possible short-term rebound for the BTC price. According to its analysis, the movements of short-term investors hold significant sway over Bitcoin's price fluctuations.

Bitcoin to end bearish run?

The indicator cited, known as the Bollinger
Band applied to SOPR (Spent Output Profit
Ratio) on-chain data, offers valuable
insights into market sentiment and
potential price trends. CryptoQuant
highlighted the relationship between short-term SOPR and Bitcoin's price dynamics, particularly in bull markets.

The analysis suggests that during bull runs, a short-term rebound often coincides with the short-term SOPR reaching the bottom of the Bollinger Band. Notably, amid the current market adjustment, sentiment among general investors has been subdued, leading to a cooling down of overheated conditions.

Consequently, experts anticipate a rebound in Bitcoin's price following this adjustment period. While short-term fluctuations are inevitable in the world of cryptocurrencies, many experts believe that Bitcoin's underlying fundamentals and the broader macroeconomic landscape bode well for its future trajectory.

4 Trillion PEPE Mysteriously Bought on Top Centralized Exchange as Price Jumps 17.4%.

Whale Alert cryptocurrency tracker has purchased a mind-blowing amount of meme cryptocurrency Pepe on a major crypto exchange in Turkey. Several trillion Pepe have been withdrawn to an anonymous digital wallet.

This massive transaction was made after Pepe coin demonstrated a major price surge followed by a small correction.

4 trillion Pepe leave Paribu exchange.

Slightly more than three hours ago, an anonymous investor purchased a mammoth-sized amount of popular meme coin Pepe on leading Turkish cryptocurrency exchange Paribu. The whale withdrew a staggering 4,049,371,347,309 PEPE. This amount of crypto is evaluated at $31,091,073.

Paribu boasts almost five million active users and has been operating on the market since 2017 - the year when Bitcoin soared to the $20,000 all-time high. The platform provides support for more than 60 cryptocurrencies traded against Turkish lira and stablecoins.

Another major purchase of PEPE took place on Binance earlier this week. On May 3, an anonymous whale withdrew 331.3 billi on PEPE to his wallet after paying $2.24 million for that meme coin chunk. In the past four days, this whale has withdrawn 660.7 billion PEPE worth $4.57 million from the Binance and MEXC exchanges.

PEPE skyrockets over 17%.

Pepe continues its price ascent, started earlier this week. Over the past 24 hours, the prominent meme coin has increased by more than 17%, soaring to $0.00000174. This was followed by a 4% decline. However, over the past hour, PEPE printed a large green candle on an hourly chart, surging by 5.11%. At press time, the coin is trading at $0.00000801.

This is a whopping 31.5% price surge since Wednesday this week. One of the factors that has driven this price surge is the major U.S. exchange Kraken adding a PEPE-based margin pair, exposing the cryptocurrency to millions of traders.

Cardano Price Analysis: Bottom Formation at $0.4 Sees $ADA to Rally 15%.

Cardano Price Analysis: The ADA buyers aggressively defending the $0.4 psychological level hints at the formation of a local bottom. Buy this dip?

Cardano Price Analysis: ADA, the native cryptocurrency of the Cardano ecosystem has stalled its correction trend at the support of $0.428. The demand pressure at this floor is evidenced by the multiple lower-price rejection candles in the daily chart observed within three weeks. Will Bitcoin price attempt to regain $60000, bolster ADA price to offer a sustainable bottom above $0.4, and return to the recovery trend?

Is $ADA Ready to Break the $0.5 Barrier?

The short-term outlook for the Cardano price remains bearish, as indicated by a descending trendline on the daily chart. This dynamic resistance has significantly impacted the altcoin, driving its value down from $0.81 to $0.39, marking a substantial 50% decline.

However, the ADA price witnessed a surge in demand pressure above $0.4 preventing the asset from further correction. Along with the Bitcoin price reversal from $56500, the ADA price reverted from 9% to reach the current trading price of $0.456.

The upswing tends to breach the overhead trendline signalling an early change in market dynamic from selling on rallies to buying on dips.

Moreover, in a recent tweet by noted cryptocurrency trader alicharts, a potentially bullish development for Cardano (ADA) was discussed. Utilizing the TD Sequential indicator, which is respected for its ability to identify turning points in price trends, alicharts pointed out a buy signal on the ADA daily chart. This indicator suggests a possible end to the recent corrective phase of ADA, indicating a rebound in price could occur within the next one to four days.

Thus, a daily candle closing above the overhead trendline will bolster the recovery theory and allow buyers to challenge the $0.52 barrier.

Major Dogecoin Wallet Shut Down Sparks Community Outrage.

Dogechain, a major noncustodial wallet powering the Dogecoin (DOGE) ecosystem, is shutting down. Surprisingly, many members of the Doge army are not aware of a scenario that has pushed an X user and Dogecoin proponent to speak out.

Identified as Astro on X, the whistleblower wrote:

Dogechain has been around for +10 years. All of a sudden, shutting down in less than 30 days. No one dares to openly say exactly why and most people have not figured it out yet.

While the Dogechain wallet has a strong
legacy in the broader digital currency
ecosystem, the regulatory terrain in the United States has forced many innovators to rethink their stance lately. Dogechain is
not the first of the wallets to announce a
shutdown.

Legacy Bitcoin-privacy wallet Wasabi also revealed earlier this week that it is ceasing operations. The decisions appear to stem from fears emanating from the arrest and charges brought by Samourai Founders for money laundering. From Tornado Cash to Samourai, the tolerance of U.S. regulators for privacy-centered outfits remains low.

The Dogecoin community is currently frustrated as the exit of Dogechain implies the number of native DOGE-dedicated wallets has fallen.

Dogecoin influence not waning.

Despite the current outlook on the market and regulatory consideration, the influence of Dogecoin is not fading. Dogecoin Founder Billy Markus remains one of the top market voices with takes on the current trend.

Dogecoin might be losing its grip with Dogechain's closure, but the coin may gain full integration on Elon Musk's payment app. Though speculative, this anticipation has triggered renewed optimism that the utility of the dog-themed meme coin will soar soon.

Dogechain's exit is not negatively impacting the price of DOGE yet. It is up 0.7% in the past 24 hours to $0.1328, per data from CoinMarketCap. The coin's trading volume is down 36% to $1,110,810,641.

Major US Exchange Announces Shiba Inu
Trading Expansion With New SHIB Listing.

Kraken Pro, a major U.S.-based exchange, has unveiled its latest development: the addition of new margin pairs, with a spotlight on Shiba Inu (SHIB), the renowned meme-inspired cryptocurrency.

SHIB will now be available for margin trading on Kraken Pro, paired against the U.S. dollar, with a maximum leverage set at three and a cap of 1.5 billion SHIB for long and short positions. Described as an Ethereum-based meme coin inspired by Dogecoin, SHIB emerged in 2020 under the pseudonymous developer Ryoshi.

As the announcement cites, the project was created as a response to a single question: What would happen if a cryptocurrency project was 100% run by its community?

Rise of Shiba Inu (SHIB).

Four years later, some sort of the answer can be given to this rhetorical question. Thus, as of now, Shiba Inu token stands as the 11th biggest asset on the crypto market, with a market capitalization of approximately $13.49 billion. More to the point, the Shiba Inu ecosystem is also presented with several other cryptocurrencies like BONE and LEASH, which also gather collectively about $180 million in market cap.

Adding to this is Shibarium, a layer-2 EVM blockchain solution designed for Shiba Inu. The project was launched in August 2023 and since then has gained $2.46 million in total value locked. As for Shiba Inu's network blockchain stats, there are 105,393 accounts, 1.79 million addresses, 415.52 million completed transactions and 2,265 verified smart-contracts.

Answering the question as to what would happen if a cryptocurrency project was 100% run by its community, the project is likely to evolve into something bigger than just a dog-inspired meme coin.

In the unique case of Shiba Inu, it has evolved into a full-fledged ecosystem, with its main token, SHIB, being accepted as a means of payment across several big platforms, while commanding billions in market cap, and still having room to grow with new listings on major exchanges.

Did Michael Saylor Just Label ETH, XRP and ADA Crypto Securities?

MicroStrategy Founder and Chairman
Michael Saylor has taken a direct jab at
Ethereum (ETH) and other top altcoins on
the market. Speaking at the firm's Bitcoin
for Corporation event, Saylor predicted
that a spot Ethereum ETF will not be
approved this summer.

Ethereum, XRP and ADA are securities.

Michael Saylor became a strong Bitcoin advocate when he made his first acquisition in August 2020. Since then, he joined the elite group of Bitcoin maxis who believe any other digital currency is inferior in tech and decentralization.

He said that when the spot Ethereum ETF is denied, it will be clear to everyone that ETH is not a commodity. By extension, he called out Binance Coin (BNB), Solana (SOL), XRP, Cardano (ADA) and everything down the stack as just unregistered crypto asset securities.

This is a rather polarizing statement that is generating a buzz on the market, as some of these coins have been labeled securities in lawsuits brought on by the U.S. SEC against Binance and Coinbase exchanges.
While the status of the majority of the
coins is yet to be determined by a court,
XRP does not fit in the stack.

This is because Judge Analisa Torres declared in her judgment in the Ripple versus SEC case last year that XRP in itself is not an investment contract.

Altcoin ETF prospects.

Michael Saylor did not mince words when he said none of the security-labeled altcoins will ever get to be wrapped by a spot Exchange Traded Fund (ETF) product. He also predicted that none of them will be accepted by Wall Street the way MorganSt anley, BNP Paribas and others are betting on spot Bitcoin ETFs.

The fate of the Ethereum ETF is uncertain at this time, and this complicates the optimism for alternative ETF products involving XRP and other assets in the long term.

Dormant Ethereum Whale Awakens After 8.8 Years, Here's How Much ETH They Hold.

Prominent cryptocurrency tracker Whale Alert has published a post on the X platform about a recently awakened crypto whale. This wallet contains millions worth of Ethereum.

This premined whale had spent almost nine years in dormancy - this means since 2015, the year that followed the end of the Ethereum initial coin offering (ICO).

The reactivated wallet contains almost 2,000 ETH worth $5,876,786.

Ethereum Foundation dumps ICO ETH.

Prior to this awakening, an ancient wallet that belongs to the Ethereum Foundation was reactivated after nine years. The wallet transferred a massive 2,000 ETH evaluated at approximately $6.5 million. This money put into it during the period of the Ethereum ICO was moved to a new blockchain address.

In the past, the market has reacted negatively when the Ethereum Foundation has released large amounts of Ethereum. This is not the only sale made by this prominent entity observed by market participants this week. Earlier today, it was reported that another wallet linked to the foundation sold 100 ETH for 291,267 DAI via the Cow Protocol.

Ethereum whale activity soars high.

This awakening of an ancient whale took place after the overall activity of Ethereum whales demonstrated the largest growth in addresses over the past year. Approximately 139,560 new ETH wallets were created on a single day – April 29, according to cryptocurrency trader and analyst Ali Martinez.

Earlier this week, the second-largest cryptocurrency saw a tremendous decline of 12.16%, falling from $3,243 to the $2,960 zone. It was followed by a small rebound of 3.87%. This discount provided a great opportunity to buy the dip, and traders immediately took advantage of this, setting up almost 140,000 new wallets, expanding the network.

Prominent crypto analyst Michael van de Poppe has just tweeted that he expects Ethereum may go down to the $2,500 zone.

$500,000,000 Bitcoin ETF Outflows: Analysts Speak About 'Worst Day by Far'.

While the Bitcoin (BTC) price plummeted below two-month lows, the segment of spot Bitcoin ETFs is captured by panic. Top analysts are not sure that this panic-selling is rational.

"Worst day by far for BTC ETFs": Over $500 million erased from spot Bitcoin ETFs.

Qiao Wang, a seasoned cryptocurrency investor and cofounder of Messari, calls the May 1 session the "worst day by far" for exchange-traded funds based on spot Bitcoin (BTC). During this dramatic session, the net volume of funds in BTC ETFs lost $500 million.

Fidelity Investments' Fidelity Wise Origin Bitcoin Fund (FBTC) is responsible for the largest part of this flush being down by $191 million, while Grayscale's and ARK's products combined cover over 50% of half- billion losses.

Analyzing the moves made by spot Bitcoin ETFs holders, Qiao Wang agreed with his colleague Jim Bianco. Bianco indicated the large percentage of "paper hands" among the first generation of Bitcoin spot ETF holders:

The segment of Bitcoin ETFs also witnessed three painful trading days on April 24, 25 and 30. The May 1 session, with its sad record, is the sixth "red" day for Bitcoin ETFs in a row.

previously, spot Bitcoin ETFs launched in Hong Kong. The first day of trading ended with a mediocre AUM of $140 million and a trading volume of $12.1 million in equivalent.

Diamond-hand institutions are yet to come, analyst says.

However, Mr. Wang is moderately optimistic about the next generations of Bitcoin Spot ETFs purchasers. The scene could see more and more diamond hand institutions coming.

Heavyweight asset managers just "need time to get comfortable," the expert concluded.

Following the Bitcoin (BTC) price drop below $57,000, almost $600 million in liquidated long positions were registered over the last two days, CoinGlass data shows.

Crucial Shytoshi Kusama Warning Sent out to SHIB Community.

A Twitter/X account that posts warnings about scammers to the Shiba Inu army, "Shibarmy Scam Alerts," has announced that a new fake account of the pseudonymous SHIB leader Shytoshi Kusama has emerged on social media.

Earlier this week, it shared a similar warning about top SHIB developer Kaal Dhairya.

SHIB army warned about fake new Kusama account.

The tweet contains two screenshots of the fake new Shytoshi Kusama account, reminding the SHIB army that such fake accounts that are frequently created by scammers are employed to give users misleading information and misdirect them to fake websites to get ahold of their funds. Another goal is to collect the details of users' lives, which they can later use to scam them.

The tweet urges the SHIB army to always stay in touch with official members of cryptocurrency projects. No SHIB team member will ever contact any user privately to ask them for their personal data or with a request to connect their wallet to any platforms.

Shytoshi Kusama sends message to community.

Earlier this week, SHIB team member Lucie spread the word about Kusama issuing an important new message to the Shiba Inu community.

Kusama announced a new iteration of the ShibaSwap decentralized exchange - 1.75, which he promised to launch earlier. Shytoshi stated that the upgraded DEX is "where community tokens thrive, creating a dynamic marketplace filled with unique projects, causes, and #SHIBARMY members."

ShibaSwap now not only runs on the Ethereum blockchain, but it has been bridged to Shibarium. This aspect is very important to Shibarium users, Lucie stressed, since users need to send their Shiba Inu ecosystem tokens back to Ethereum to get access to various products and services.

She emphasized that everything is still in development so far, and this development, on a global scale for Shibarium, never ends.

Dogecoin (DOGE) Urgent Information Issued, What It Pertains To.

Dogecoin (DOGE) holders have received urgent information as Dogechain, a popular Dogecoin explorer, announced the shutdown of its wallet service.

Dogechain, a Dogecoin explorer since 2013, has long served the Dogecoin community, allowing users to search the Dogecoin network for addresses, transactions and blocks, and includes a Dogecoin wallet and free developer API.

However, the wallet service, which has long been of benefit to Dogecoin holders, will soon sunset, and the Dogecoin community has been alerted to this development via email.

In response to the announcement, Dogecoin holders are urged to take immediate action to secure their funds and transition to alternative wallet solutions before the shutdown takes effect on June 1.

Mishaboar, a vocal Dogecoin community
member, sendt a reminder to Dogecoin
holders along these lines. "Dear Dogecoin,
Dogechain has sent an e-mail to inform
their customers about the shutting down of
their wallet service."

Scammers might want to leverage the situation to dupe unsuspecting users out of their funds, utilizing phishing emails.

As a note of warning, Mishaboar urges the
Dogecoin community never to directly click
on links in an email but rather type out the
address manually. They should also bear in mind that the official legitimate domain is
dogechain dot info. In the past, the dogechain dot com domain has been used
for phishing attacks and hence should be
avoided.

In an earlier tweet, Mishaboar urged the Dogecoin community to move out their funds from the Dogechain wallet before the shutdown date. They should also keep a copy of their Dogechain wallets' private keys in case they still have the addresses in use somewhere, thus allowing users to recover funds they might inadvertently send or receive there in the future.

Shiba Inu Whale Transactions Skyrocket 165% to 6.18 Trillion SHIB in 24 Hours.

It has come to light, thanks to data from IntoTheBlock, that the volume of large transactions involving the popular meme cryptocurrency Shiba Inu (SHIB) has increased 165% in the past 24 hours from 3.73 trillion SHIB to 6.18 trillion SHIB.

In monetary terms, this change was reflected in an increase in transaction volume from $82.69 million to $138.2 million. In total, there were 241 such transactions of whales, as the major players in the crypto market are called, over the past day. It is important that only those transactions whose size amounted to at least $100,000 are taken into account.

More SHIB in than out.

Diving deeper into the data, we learn that movements of large volumes of the popular meme cryptocurrency Shiba Inu over the past 24 hours have mostly come from inflows to whale wallets.

Thus, the amount of inflows to wallets that hold at least 0.1% of the circulating supply of SHIB amounted to 2.44 trillion. Outflows from these wallets during the period under review amounted to 2.26 trillion SHIB. As a result, large holders' netflow for Shiba Inu for the period under review amounted to 180.46 billion SHIB, up 130% from the previous day.

As one of the most popular meme cryptocurrencies, SHIB's recent surge in transaction volume signals a heightened level of activity and engagement within the market. Moving forward, the implications of this surge in whale transactions on Shiba Inu remain to be seen, with market participants closely monitoring developments within the SHIB ecosystem.