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#ETHUSDT Ether ETF Rumored to Launch July 2. Here's What This Means for Traders📊 #CryptoPCEWatch #MicroStrategy

🌟Key points.

•Ether #ETFs. could launch July 2.

•ETH prices float near $3,500.

•Will we see an Ether rally?

🎖️Second-largest coin is looking to land on Wall Street through eight exchange-traded funds, lowering the entry barrier to crypto investing.

🔹Ethereum (ETHUSD) exchange-traded funds (ETFs) - eight in total - are speculated to launch on July 2, following an approval by the Securities and Exchange Commission last month. The new investment vehicles will complement the already-listed Bitcoin exchange-traded funds, which enjoyed such big demand, they shot the price of the orange token to a record high of more than $73,000. Will we see a similar move in the price of Ethereum?

🔸Ether is the second-biggest cryptocurrency, trading in the range of $3,500 to $3,600 per coin. And despite being up nearly 50% on the year, the token is still ways away from its November 2021 record of just under $4,900. Some analysts are excited to think that the ETF launches could spur a rally in the price of Ether that would rival the one in Bitcoin earlier this year. That said, what's an Ether ETF?

🔹Ether ETFs, or ETH ETFs, will hold genuine Ethereum and allow ordinary people and professional money managers to invest in the coin, swelling its market cap in the process. Speculation aside, one thing is for certain - the ETH ETFs pending rollout will lower the market's entry barrier, potentially expanding crypto's footprint in the US as more people warm up to the digital asset class.

📣 The Next #Notcoin? Telegram-Based Game ‘Hamster Kombat’ to Launch Token on TON - Decrypt🌟 #tonfuture

🎖️Hamster Kombat, a popular crypto management simulation game on Telegram, is set to launch a token on The Open Network (TON) after amassing 60 million users and becoming the largest Telegram channel with 20 million subscribers.

🚀Decrypt’s Art, Fashion, and Entertainment Hub.

🔸Hamster Kombat, the latest in a growing pile of crypto games that have been deployed on popular messaging app Telegram, is set to launch a token on The Open Network (TON)

🔹The crypto management simulation game claims to have amassed 60 million users since its launch in March. It has the largest Telegram channel with 20 million subscribers, according to TelegramChannels—that’s 13 million subscribers ahead of Notcoin’s own community.

🔸Telegram games have had a recent rise in popularity following the success of Notcoin, a social clicker game that rewards players with tokens for tapping the screen. The game amassed 35 million players in three months and recently launched its NOT token that has been this year’s biggest gaming token launch so far.

🔹More recently, similar click-to-earn game Tapos helped layer-1 blockchain Aptos record over 115 million transactions in a day—thanks to the game registering every click as a transaction.

🐹Dear CEOs! 🐹

🔸The Hamster Family has become the biggest edutainment community not only on Telegram but in the entire crypto industry.

🔹💪We are now happy to share that we have decided to launch our product & upcoming token on the TON blockchain @ton_blockchain 💎

👉Hamster Kombat (@hamster_kombat) May 31, 2024

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📣 Binance Announces 55th Launchpool Project #IONET (IO)
#BinanceLaunchpool
💠 Binance introduces its 55th Launchpool project, IO.NET (IO), a decentralized AI and cloud computing platform. Users can stake $BNB and $FDUSD to farm IO tokens before trading begins on June 11.

🌐 Initial Circulation👇

◽At launch, 500 million $IO tokens, 62% of the total token supply, will be in circulation. The initial circulation supply is unprecedented compared to industry practices, which normally see 15% to 20% at launch. This supply will increase to 800 million over time through network rewards. The initial allocation is designed to balance the interests of early investors, core contributors, the R&D and Ecosystem fund, and the broader community.

◾Io.net has secured a $30 million investment at a $1 billion valuation, demonstrating strong investor confidence in the project's potential to revolutionize the AI computing landscape.

◽Io.net is a decentralized computing network that aims to provide affordable, flexible, and accessible computing capacity for AI developers and enterprises. Its blockchain-based architecture ensures transparency, security, and fair compensation for all network participants.

♦️HIGHLIGHTS👇

◽Binance launches IO.NET (IO) as its 55th Launchpool project, with trading set to start on June 11 at 12:00 (UTC).

◾Users can stake #BNB and #FDUSD‬⁩ from June 7 to farm IO tokens, with detailed instructions available on the Binance website.

◽BNB surpasses $700, reflecting increased network usage and significant market activity.

📣 Scam in the comments ⛔⚠️

🚨 In the comments (Link ) of @Binance Square Official the user @InvestAndRecovery (Scammer🚫), gives a WhatsApp number to attract people with the promise of helping them. He also leaves a second comment with promises to make him make a lot of money 🤑🛑⚠️

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♦️Promotion: Subscribe to SOL Locked Products, BNB Locked Products or ETH Staking to Share 38,500 PORTAL in Airdrop Rewards💲

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#ETHETFS Ethereum co-founder cashes out! Is now the time to sell your ETH?
🔹Ethereum’s price surged nearly 30%, coinciding with significant SEC regulatory updates.
🔸Co-founder Jeffrey Wilcke capitalized on the rally by depositing over $75 million worth of ETH into Kraken.
The cryptocurrency market has been buzzing with Ethereum’s [ETH] recent price surge.

🔹The asset witnessed a nearly 30% increase in value over the past week, escalating from below $3,000 as of this time last week to as high as $3,810 yesterday.

♦️This uptick coincided with significant regulatory movements.

🔸Notably, the U.S. Securities and Exchange Commission (SEC) has so far revised its stance on Ethereum spot ETFs, prompting exchanges to update their 19b-4 filings.

🔹This week, several Ethereum ETF issuers submitted their updated filings, with a decision on the VanEck Ethereum ETF application expected shortly.

🔸Institutions like Standard Chartered already predicted that an Ethereum ETF approval is imminent.

🔹Amid these regulatory developments, Ethereum’s co-founder Jeffrey Wilcke has made headlines for reportedly cashing out during this price rally.
$ETH

#ETHETFS 📣 Breaking:Grayscale Makes Another Amendment to Ether ETF📑 Grayscale Investments has filed a new amendment to its proposed Ethereum Mini Trust application with the SEC ✍️

♦️ Crypto assets management firm Grayscale Investments has filed an updated 19b-4 for its Ethereum ETF application. As revealed on X by Bloomberg Senior ETF Analyst James Seyffart, this is the company’s latest update after initially filing one on May 21.

🌐 Grayscale Dotting All Is for Ethereum ETF

⚡ The broader digital currency ecosystem is on the edge as the United States Securities and Exchange Commission (SEC) is expected to greenlight spot Ethereum ETF application this week. Several indices point to the fact that history will be made with the approvals, however, Grayscale Investments is not giving any chances that might fuel any unforeseen errors in its application.

♦️The updated filing hinges on Grayscale’s broad compromise as the firm has removed the “Staking” clause from its broader Spot Ethereum ETF proposals. The focus on the 19b-4 is understandable as in the order of approval, this form is the first the SEC will greenlight in preparation for actual launch.

⚡ With a more opened communication between the SEC and spot Ethereum ETF applicants, the frequent updates may align with feedback from the markets regulator. Notably, Grayscale is one of the oldest crypto investments service providers whose efforts contributed to the launch of a spot Bitcoin ETFs in January.

🌐 Start of a New Era

♦️ With the anticipation of spot Ethereum ETF approval, a new era is likely to commence for the digital currency. While the conversations surrounding its status as a security offerings remains uncleared, the presence of spot Ethereum ETF will change the paradigm for the coin.

⚡ Besides ending the debate surrounding its backing by the regulator, it will also help command the inflow of institutional capital. This will undoubtedly have a major impact on the price of the digital currency just like Spot Bitcoin ETF drove BTC to its ATH.
$ETH $BTC

#MemeWatch2024 Can Pepe (PEPE) Become the Biggest Meme Coin in 2024? #pepe⚡ #shiba⚡ #doge⚡
🔷 What Are PEPE’s Chances?
🔸The frog-themed meme coin – Pepe (PEPE) – has gained even more popularity in the past few days thanks to its rapid price increase. As CryptoPotato reported, it hit a new all-time high on May 15, whereas its market capitalization neared the $5 billion mark. The surge positioned PEPE as the third-largest in the meme coin realm, trailing behind Dogecoin (DOGE) and Shiba Inu (SHIB).

🔹Other necessary elements include community support and endorsement from influential figures. It is worth noting that a study conducted at the end of last year positioned Shiba Inu (SHIB) as the meme coin with the most solid supporter base, while PEPE was third.

🔸Speaking of support from prominent individuals, one should mention that Dogecoin (DOGE) is the favorite cryptocurrency of Tesla’s CEO, Elon Musk. This might be among the reasons why the asset is the most dominant meme coin.

🔹Not long ago, though, one of the wealthiest people posted a controversial picture on X depicting a frog dressed as a soldier. Some industry participants described the activity as a pro-PEPE move.

🔶 PEPE’s Success in Just a Year

🔹The meme coin saw the light of day in April 2023, turning into a sensation almost immediately. The interest in it rapidly increased in the following months, coinciding with its price rally and support from leading cryptocurrency exchanges.

🔸Some giants allowing trading services with PEPE include Binance, Bybit, OKX, Coinbase, Bitget, and many more.

🔹The token’s impressive ascent in a short period of time enabled savvy traders to make substantial profits. However, investors should also keep in mind the volatile nature of PEPE and the entire meme coin sector before entering the ecosystem, as they may experience devastating losses.
$PEPE $SHIB $DOGE

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