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NEWS : šŸ”„šŸ”„ The Philippines Securities and Exchange Commission (SEC) has taken a significant regulatory step by blocking local access to Binance, the worldā€™s largestĀ cryptocurrency exchangeĀ by trading volume.Ā  According to aĀ releaseĀ issued by the regulator on Monday, the SECā€™s decision was based on Binanceā€™s failure to obtain the necessary license from the commission to operate as an investment and trading platform.Ā  Binanceā€™s Website And Services BlockedĀ  In its March 12 meeting, the SEC approved filing a formal request with the National Telecommunications Commission (NTC) to assist in blocking Binanceā€™s website and related web pages.Ā  With an averageĀ daily trading volumeĀ of $65 billion and support for over 402 cryptocurrencies, Binance has gained a substantial user base of more than 183 million members in the Asian country, according to the regulator. #write2earn

NEWS : šŸ”„šŸ”„

The Philippines Securities and Exchange Commission (SEC) has taken a significant regulatory step by blocking local access to Binance, the worldā€™s largestĀ cryptocurrency exchangeĀ by trading volume.Ā 

According to aĀ releaseĀ issued by the regulator on Monday, the SECā€™s decision was based on Binanceā€™s failure to obtain the necessary license from the commission to operate as an investment and trading platform.Ā 

Binanceā€™s Website And Services BlockedĀ 

In its March 12 meeting, the SEC approved filing a formal request with the National Telecommunications Commission (NTC) to assist in blocking Binanceā€™s website and related web pages.Ā 

With an averageĀ daily trading volumeĀ of $65 billion and support for over 402 cryptocurrencies, Binance has gained a substantial user base of more than 183 million members in the Asian country, according to the regulator.

#write2earn

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Inflows into U.S. spot bitcoin ETFs totaled more than $221 million ā€” On May 17, the U.S. sector of spot bitcoin-ETFs recorded an inflow of capital, while in Hong Kong - an outflow. ā€” The crypto fund from Fidelity managed to attract the most funds. ā€” The fund of Grayscale Investments also recorded an inflow of $32 million. On May 17, 2024, the U.S. spot bitcoin-ETF sector recorded a capital inflow of $221.54 million, according to SoSo Value. According to the platform, the crypto fund from Fidelity took the top spot in terms of capital inflows on May 17. It added $99 million to its balance sheet. The second is IBIT from BlackRock - $38 million. In third place is the investment product of Grayscale Investments 1 $32 million. The other funds received a total of $52 million. The Hong Kong sector of spot bitcoin-ETFs recorded an outflow of funds - 6.41 BTC. A similar trend can be traced among Ethereum-based products. Here the outflow amounted to 31.32 ETH. Earlier we reported that more than 600 companies invested a total of $3.5 billion in spot bitcoin-ETFs during the week. #BTC #BTCETFS #BitcoinETFs #ETHETFS #BlackRock
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SOLANA TO HIT $200 NEXT WEEK READ WHY SOL Solana reached its highest price in a month on Friday, beating most crypto companies. According to the co-founder of Syncracy Capital, the token is "still the best deal in this cycle" and could reach $200 by next weekend. SOL hit $170 on Friday, its highest price in more than a month, and recently fell slightly to $166. It has gained nearly 7% in the past 24 hours and is now up more than 40% from the local Crypto market bottom in early May, "The strength of $SOL has been incredible during this rebound," Daniel Cheung, co-founder of digital asset hedge fund Syncracy Capital, said in an X post. "It's pretty clear that this is still the best trade in this cycle." Cheung said he was increasingly "confident" that SOL could regain the $200 level by the end of the month and hit new record highs "soon." SOL hit its all-time high of $260 in November 2021, at the peak of the previous bull cycle. #solana #altcoins #MicroStrategy #BlackRock #buythedip
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