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No Bitcoin ETF Loans from DTCC Major financial firm #DTCC won't allow Bitcoin #ETFs. as collateral, limiting their use. This impacts loans between institutions but may not affect individual brokers. Despite this, spot #Bitcoin ETFs in the US saw strong initial inflows totaling $12.5 billion in just 3 months. However, recent outflows raise questions about their long-term viability. #cryptoniteuae

No Bitcoin ETF Loans from DTCC

Major financial firm #DTCC won't allow Bitcoin #ETFs. as collateral, limiting their use. This impacts loans between institutions but may not affect individual brokers. Despite this, spot #Bitcoin ETFs in the US saw strong initial inflows totaling $12.5 billion in just 3 months. However, recent outflows raise questions about their long-term viability.

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Crypto Twitter is abuzz about a new game called Fantasy Top, and for good reason. Here's what's driving the hype: Crypto Influencers as #NFT Trading Cards: #FantasyTop takes well-known crypto personalities and turns them into collectible NFT cards on the Blast network (built on #Ethereum ). Gameplay Revolves Around Twitter Performance: You compete with other players by creating lineups of these NFT cards. The cards that correspond to influencers with the most Twitter engagement during a competition win. Rewards and Incentive: Victories translate into crypto and in-game rewards, making it a play-to-earn game. Big Names Driving the Hype: Crypto celebrities like meme coin trader Ansem, founders of various crypto projects, and even some whales (big investors) are featured as NFT heroes. These influencers are not just mascots; they reportedly benefit from the game through a cut of their card trades and potentially invest in their own in-game performance. #CryptoWatchMay2024
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Crypto Analyst Says Cardano Bloodbath Far From Over, Sets Bottom Price For $ADA #Cardano has recovered from its April lows and continues to maintain a strong momentum above $0.45. This has prompted expectations that the altcoin will go on a rally from here. However, not everyone shares this sentiment as one crypto analyst expects the price to crash further from here. what do you think ? #cryptoniteuae #CryptoWatchMay2024
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Recently, a Bitcoin address dormant for a decade, believed to be from the time when Satoshi Nakamoto was active, sprang back to life. This wallet, holding 687 BTC valued at $43.9 million, split its holdings into two wallets on May 6. The movement of funds from such ancient wallets, especially linked to Nakamoto's era, typically draws the crypto community's attention. The "Satoshi era" refers to Bitcoin's early days, when #Nakamoto was actively participating in online forums. Some speculate these wallets are tied to Nakamoto himself. In August 2023, a similar dormant wallet woke and transferred 1,005 #BTC mined in 2010, sparking social media speculation. However, experts suggest these moves are likely by early miners or investors seeking profit. Around 1.75 million #Bitcoin wallets have been inactive for over a decade, many holding BTC acquired when prices were lower and now worth millions. Recently, wallets from the #Satoshi era have been activated, transferring $BTC to new addresses or exchanges, suggesting a potential intention to liquidate assets after years of dormancy. For example, in July 2023, a dormant wallet moved $30 million in BTC, and in November 2023, three wallets transferred $230 million in BTC after six years of dormancy, likely linked to the same entity.
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Despite a surge in social metrics, PepeFork (PORK), the fork of Pepe ($PEPE ), faced turmoil in its price movement. While PORK experienced a significant rally, its price subsequently corrected, leading to a bearish trend. With a current price of $0.0000002431 and a market cap exceeding $102 million, PORK saw heightened selling pressure, reflected in increased active deposits and supply on exchanges. In contrast, PEPE exhibited a more positive trajectory with a marginal price drop of 1.5% and a market cap of $3.6 billion. Bullish sentiment persisted around PEPE, evident from its high Weighted Sentiment and continued buying pressure. Looking ahead, indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) suggest a potential continuation of the price downtrend for PORK. However, the Moving Average Convergence Divergence (MACD) remains bullish, indicating a favorable outlook for buyers. #pepe #pork #altcoins #CryptoWatchMay2024
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South Korea's updated donation laws, set to take effect in July, exclude digital currencies like Bitcoin from accepted forms of donation, despite their popularity in the country. While the legislation expands donation methods to include various alternatives like gift vouchers and stocks, #cryptocurrency donations are notably omitted. However, the law allows donations in local government-issued stablecoins and blockchain-issued gift vouchers. In contrast, charitable organizations in the United States increasingly accept digital currency donations. Meanwhile, #SouthKorea is bolstering efforts to combat cryptocurrency-related crimes by elevating its crypto crime investigative unit to an official department. #korea
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