Benefits of Holding ETH Long-Term

1. Growth Potential: Ethereum is the foundation for many blockchain projects and decentralized applications (DApps). The growth of this ecosystem could lead to an increase in the value of ETH in the future.
2. Ethereum 2.0: The upgrade to Ethereum 2.0 will help improve the performance, scalability and security of the network. This could increase the value of ETH as users and developers migrate to the new version.
3. Diversify Your Portfolio: Holding ETH can be a way to diversify your investment portfolio, minimizing the risks associated with investing only in traditional asset classes like stocks or bonds.
4. Growth of DeFi and NFTs: The growth of fields such as decentralized finance (DeFi) and non-fungible tokens (NFTs) is mainly based on the Ethereum network. The growth of these sectors may contribute to the increase in the value of ETH.$ETH

The above concerns arise from clearly defining technical standards for stablecoins. More notable is the requirement that stablecoin issuers need to keep an amount of cash equivalent to 60% of the value in reserves at banks.
In April 2024, Mr. Paolo Ardoino emphasized that storing large amounts of cash in banks is extremely risky if that bank is at risk of bankruptcy. Like the collapse of SVB Bank in 2023, which led to the 2nd largest stablecoin in the world, USDC, falling heavily.

Tether CEO Paolo Ardoino believes that the regulations in the EU's MiCA law for stablecoins have many requirements that cause trouble. These requirements not only make the process of issuing stablecoins more complicated, but also make stablecoins considered safe by the EU more risky to operate.
Tether CEO Paolo Ardoino has expressed concerns about the impact of the MiCA law on stablecoins approved for trading in Europe. He talk that:
“The EU MiCA regulation has complex requirements, increasing risks for stablecoin issuers in Europe. As with any large-scale regulatory framework, we need further discussions to clarify regulatory standards.”

Even though no one was looking, Bitcoin ETF still received 500 million USD inflow
More than $488 million poured into US Bitcoin ETFs in yesterday's trading session. However, data from Google Trends shows the opposite signal.
More than $488 million poured into US Bitcoin ETFs in yesterday's trading session. However, data from Google Trends shows the opposite signal.

Donald Trump's crypto assets tripled in just 1 week thanks to memecoin

According to Arkham, former US President Donald Trump's cryptocurrency wallet currently holds assets worth more than $30 million. This sudden growth comes from memecoin TROG airdropping half of the total supply worth more than 20 million USD into his wallet.

U.S. Charges Three in Connection With Evolved Apes NFT Scam

The United States Attorney's Office for the Southern District of New York announced today that it has charged three in connection with a non-fungible (NFT) token rugpull from 2021 known as Evolved Apes.

Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan are charged with wire fraud and money laundering, according to a release from the SDNY's office

Evolved Apes was a collection of 10,000 unique NFTs, which promised a videogame that never materialized, as the anonymous developer Evil Ape vanished a week after launch, siphoning 798 ether ($3 million at today's price, $2.7 million at the current time) from the project's funds.

Bitcoin Mining Stocks Soar Amid Takeover Frenzy

The stocks are undervalued, so miners with attractive power contracts could become M&A targets, according to Wall Street analysts.

Bitcoin mining stocks outperformed other cryptocurrency-linked stocks Thursday after multiple industry takeover offers drew market attention to the question of who could be the next target.
Shares of miners such as Stronghold (SDIG), Core Scientific and TeraWulf (WULF) surged more than 15%. Gains in Iris Energy (IREN), Mawson (MIGI), Cathedra (CBIT) and Argo Blockchain exceeded 10%
$BTC

GameStop-Inspired Solana Memecoin Soars Over 80% as Roaring Kitty Flashes $586M Worth of GME Position

Shares of GameStop closed the Thursday session 47% higher as the retail trading icon provided an update of his position and announced a livestream for Friday.