US regulators could approve spot ether ETFs for launch by July 4, sources say

The U.S. Securities and Exchange Commission could approve exchange traded funds (ETFs) tied to the spot price of ether as soon as July 4, as talks between asset managers and regulators enter the final stages, industry executives and other participants told Reuters.

Eight asset managers, including BlackRock (BLK.N), opens new tab, VanEck, Franklin Templeton (BEN.N), opens new tab and Grayscale Investments, are seeking SEC approval for the funds. Most of them had rolled out spot bitcoin ETFs in January, the culmination of a decade-long tussle with regulators. Grayscale again hopes to convert an existing trust into an ETF.

#ETHETFsApproved

Phase 1 of the ASI migration will be focused on merging the three tokens on the Ethereum Blockchain. Holders on other chains that wish to take part in the token merger during Phase 1 will need to bridge from their respective chains. Users that prefer to wait for the support of other chains such Cardano or Polygon can opt to wait for Phase 2 should they desire.

Community Onboarding: Phase 2 will focus on community member onboarding, specifically for those who have opted to self-custody their funds. ASI Deployment: The ASI token will be deployed across chains. Network Upgrades: The Fetch.ai network will be upgraded to the ASI network. New Migration Contracts: Introduced for conversion from FET, AGIX, and OCEAN to ASI. EVM and Bridges: Ethereum Virtual Machine and other bridges will open to facilitate ASI token transfers. Exchange Migration: Exchanges will begin migrating spot markets from FET to ASI.

#fetch #ASI

$KSM is currently developing a Cup & Handle pattern above the established support level. This pattern is a strong bullish signal, indicating the possibility of upward price movement upon breakout of the pattern.
POTENTIAL TARGET LEVEL🎯🔍
The previous swing high is identified as a potential target level to watch. When the price breaks the pattern, the possibility of price increase is very high.
IMPORTANT LEVELS💹
- Break of handle resistance: $33.7
- Slight reversal point: $35.5
- Price target: $43 - $45
BUY ORDER ENTRY POINT📈
Entry: $33.7 - $34
Take Profit 1 (TP1): $43.35
Take Profit 2 (TP2): $45
Stop Loss (SL): $29.23
🔔NOTE: Please manage your risk carefully and follow your trading plan. This is not investment advice and caution should be exercised when making decisions.🛑💹
Be careful and always monitor the market!
$KSM #kongnt28

Ronin Network attracted more than 3 million monthly users in May, signaling a recovery for the gaming sector. Ronin remains one of the most successful gaming networks, and the sector has improved its performance over the past month. 
The Ronin blockchain is the primary support for the Axie Infinity game, additional mini-games of the same franchise, and the Mavis NFT marketplace. Activity on around 15 top Ronin apps brings in 1.3 million daily active wallets. 
Other statistics for Ronin's active user count surpassed 3M's in May and reflect similar growth trends. 
The people have spoken And they chose Ronin ⚔️ https://t.co/paOfxMJdPY
— Ronin (@Ronin_Network) June 2, 2024
At this rate, Ronin is already competing with Polygon, one of the most in-demand game series. Polygon also marketed rapid user growth in May, reaching 1.2 million daily active wallets. Ronin also overtook the Telegram chain, which admitted to mainly carrying trading bots.
Activity on Ronin has returned to its highest value from March, suggesting that the bull market for Web3 activity is not over yet. Ronin also grew its overall influence, with more than 20 million addresses created since the network launched. 

FET is at a dangerous border when it cannot break through the frame.
Yesterday ASI announced the adjustment of the merger schedule to June 11 and will there be a strong adjustment before the merger?
Wait for candles today!

😱🚀🚀Why is Chiliz (CHZ) increasing?
Is CHZ Bull closed?

Preparations for the Champions League Final and EURO2024, have left token fan enthusiasts smiling. $CHZ , which entered the list of “top gainers of the day” after a long break, has recorded an increase of more than 10% in the last 24 hours. The positive performance of the altcoin market and the popular coin, which has the fundamental analysis wind behind it, looks like it will keep its name for a while yet.

But what level should be monitored in the CHZ?
Chiliz (CHZ) Graphical Analysis
CHZ, which has been gaining momentum on the back of positive news, has maintained a strong stance since testing the $0.08410 level. The popular altcoin, which is approaching a key resistance zone with its recent upward price movement, remains above its respective December range of $0.15260 – $0.16461. 0.17857 – 0.20446 – 0.23206 – 0.26547 and he could target 0.29656 USD. In the opposite scenario, the levels that can be followed as support are $0.12420 – 0.08410 and $0.06000, respectively.

Now or never $
Should be the first time you do !
Buy in May

#fet #ASI

What is Superintelligence Alliance ASI? AGIX, FET and OCEAN

ASI is a combination of the following advantages of 3 projects:

• Fetch.ai's blockchain infrastructure and Machine Learning platform

• SingularityNET's rich R&D heritage

• Ocean Protocol's data sharing and monetization mechanism

Information about the capital raising history of 3 projects AGIX, FET & OCEAN is as follows:

• AGIX: raised 66 million USD through 6 funding rounds, with the participation of some notable funds such as Kosmos Ventures, LDA Capital, … 

• FET: raised a total of 83 million USD from well-known investment funds DWF Labs, Outlier Venture, Spark Digital Capital, ... 

• OCEAN: the project has raised 33 million USD from many investment funds such as IOSG, Fabric, Kosmos Ventures, ... 

The goals of this alliance include:

• Build a large-scale decentralized AI infrastructure, ensuring a reliable operating environment for AI applications.

• Promote a more democratic and transparent AI ecosystem for developers and users.

• Create open source and accessible AI tools. The combination of resources & expertise of the three organizations will help accelerate AI development in a decentralized manner.

Alliance Super Intelligence's development roadmap is specifically as follows: 

1. Short term: 

• Merge 3 tokens AGIX, FET & OCEAN into ASI, expected on May 24, 2024 

• Launched ASI as a utility token 

• Organize a campaign to attract the community

2. Medium term: 

• Build ASI Landing page, develop communication channels 

• Invest more in GPU infrastructure to support commercial, compute, and data operations. 

• Introduce supperintelligence.io becomes the common landing page between the communities of 3 projects 

⚠️ Arbitrum (ARB) Price Breakout Above $1 May Not Last
Arbitrum (ARB) price is trading above key resistance at $1.17, but this breakout may not be sustained.
The most likely reason is that potential profits are in the hands of ARB holders due to the spike in profits.
🔸 Arbitrum's investors appear to want to sell
Arbitrum's price may be noted to be falling due to increasing bearish signals from ARB holders. Their sentiment suggests that a sale is possible, as evidenced by the Market Value to Realized Value (MVRV) ratio.
The MVRV ratio evaluates an investor's profit or loss. Arbitrum's 30-day MVRV is at 20%, signaling profits and likely spurring selling. Historically, ARB adjustments have occurred within the MVRV range of 7% to 24%, considered the danger zone.
Further strengthening this outlook is the fact that investors are reaping profits. As ARB rallied over the past week, rising 20%, it also delivered its first recorded price increase in nearly a month.
Realized losses are translated into realized profits across the network and will likely continue to grow. This is only possible through selling, and ARB investors can choose to secure their profits before another price drop occurs.

#arb @Arbitrum Foundation

Potential Ethereum ETF issuers have been given until this morning for final 19b-4 forms.
But even if they are approved, trading of these products likely won't begin for weeks because the S-1 also needs to come into effect.
The S-1 registration statement for the ETFs needs “a lot of work” and negotiations with exchanges have not yet begun.
Form 19b-4 is used by insured self-regulatory organizations (SROs) to record a rule change with the SEC.
Please look forward to it!

Tesla allowed purchases of Teslas in Bitcoin between March 24 and May 12 2021. Our Tesla Intel Exchange Bounty revealed a Tesla car purchase linked to this larger cluster of Tesla holdings

Arkham has identified the BTC holdings of Tesla and SpaceX. We are the first to publicly identify these holdings on chain.

We believe Tesla currently holds 11.51K BTC ($780M) across 68 addresses, and SpaceX holds 8.29K BTC ($560M) across 28 addresses

💎 Telegram launches "Telegram Stars" local currency to pay for digital goods using Bots
🌐 Learn more: https://shorturl.asia/eMHEv
🔔 This decision was made due to multiple complaints from Apple, which prohibits accepting payments through their app store.
⚙️ Starting June 12, all bots that accept payments from users for any digital goods or subscriptions will be required to accept payments exclusively in ⭐️ Telegram Stars. Developers will be able to withdraw accumulated balances using the TON blockchain.

Top 5 Events Tomorrow, 24/5:
1. Fetch.ai (FET), Ocean Protocol (OCEAN) — ASI Launch
2. Portal (PORTAL) — Bitfinex Listing
3. Gas (GAS), NEO (NEO) — Neo-CLI V3.7.4 on Mainnet
4. Ontology (ONT), Ontology Gas (ONG) — X Spaces with Portal
5. General Event (CRYPTO), Livepeer (LPT) — ETH Berlin

Let's wait for surprises in the coin market

Telegram x Ton Network: Vision to become the Wechat of Web3

It can be seen that Telegram is having similar developments to WeChat when launching Telegram Wallet and Telegram Mini Apps supported by a financial system through Ton Network. The current goal of Telegram and Ton Foundation will focus on attracting users by developing TMAs in both Web2 and Web3. Currently, TMAs are being supported by Tencent through the Tencent Cloud Startup Program.

For Web3 TMAs: The Open League (TOL) ecosystem development fund Ton Foundation with 115 million USD for TMAs built on Ton spread over 3 months. Projects within TOL will offer strategies such as airdrops, memecoins, and high yields from DeFi to attract Web3 users.

For Web2 TMAs: Telegram launches the Telegram business account, allowing creators to develop Telegram bot channels (similar to TMAs) without needing to understand code. Telegram Advertising will provide a source of revenue from advertising for the above creators.

Currently, Telegram has 900 million MAUs with an expectation of reaching 1.7 billion MAUs by 2028. In particular, Ton Foundation has the ambition to attract 30% of users to Ton Network, equivalent to 500 million MAUs by 2028. Compared With current blockchains such as BNB (15.2 million MAUs), Tron (12.2 million MAUs), Bitcoin (11.2 million MAUs), the above number is extremely large.

14 years ago today, Laszlo Hanyecz paid $10,000 in Bitcoin for two pizzas, which were worth $25 at the time. Today, $10,000 in BTC is worth over $700,000,000.

ARKM could reach $60 by 2025 🫂

Arkham (ARKM) is not just another player in the blockchain space; it is a pioneering platform that combines artificial intelligence (AI) with blockchain technology. With accelerating technology and a digitized global economy, Arkham's emphasis on analytics and intelligence is likely to become significantly indispensable.

Arkham's progress goes hand in hand with a growing focus on security and transparency in the world of cryptocurrency, the area where its services stand out. The Analytics Platform and Intel Exchange are innovations that address a key market need – ensuring transaction integrity and auditability in the blockchain ecosystem.

By providing comprehensive coverage and cross-chain integration, Arkham can cater to a variety of blockchain applications. The broad range of use cases – from tracking illegal activities to supporting investment strategies – demonstrate a powerful combination of technology and applications poised for growth.

FET to your hand, ASI go to TEN
Fet has gone through a long series of accumulation and everyone is waiting for the explosive event of integration into ASI on May 24.
Let's see.