• Ethereum [ETH] The US SEC approved 8 spot ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton.
• Internet Computer [ICP] Launched API to work with any EVM chain. This means dapps can take advantage of cross-chain liquidity.
• Overlays [OVR] Announcing partnership with Pyth Network. This collaboration with PythNetwork increases Overlay's reach in non-traditional markets, supporting deep liquidity and secure trading without traditional counterparties.
• Holograph [HLG] HGL trading has started on ByBit. Holograph is an innovative protocol designed to facilitate tokenization and asset management across various blockchain environments.
• Orderly Teamed up with Quickswap to launch DEX Falkor. This collaboration increases liquidity, enables cross-chain trading, offers gas-free leverage trading, and provides advanced order control.
• ether.fi [ETHFI] Launched Cash mobile wallet and Visa card. The service allows users to spend money using a card to borrow USDC against their ether.fi assets or exchange it to USDC for instant settlement.
• ClayStack [CLAY] Announced the decision to cease all operations. ClayStack has exited all nodes to release ETH, which should be available to claim on June 10. After June 10, all withdrawals will take place immediately.
• bitsCrunch [BCUT] Launching a Meme Contest via Coinvise. From May 23 to May 31, users can create the funniest and cleverest memes related to bitsCrunch, blockchain, and NFTs to earn rewards.
Discover an Ethereum ETF approved by the SEC after a surprising change in direction. After a delay, the US SEC authorized the spot ETH ETF application on Thursday. Ethereum may hit a record high like Bitcoin after the ETF certification. $ETH After weeks of calm, the SEC permitted the filing of spot ETH ETF 19b-4s on Thursday. Thursday. The decision follows weeks of SEC reluctance toward ETF applications.
SEC Approves Ethereum ETF Application. In a landmark decision, the Securities and Exchange Commission (SEC) has approved an Ethereum Exchange-Traded Fund (ETF) application. This approval marks an important milestone in the cryptocurrency market, providing investors with a new, regulated way to gain exposure to Ethereum.
Approval Details The approved ETFs include some well-known names. For example, the Hashdex Nasdaq Ethereum ETF will be listed and traded under Nasdaq Rule 5711(i), while the Invesco Galaxy Ethereum ETF will be listed under BZX Rule 14.11(e)(4) The approval of the Ethereum ETF is expected to have far-reaching implications for the cryptocurrency market. This is expected to increase institutional investment in Ethereum, as ETFs provide a regulated and familiar investment vehicle for many traditional investors. This could lead to increased liquidity and price stability for Ethereum, further strengthening its position as a leading cryptocurrency. Additionally, the approval could pave the way for other cryptocurrencies to follow suit. With Ethereum now having a regulated ETF, other cryptocurrencies like Solana may soon seek similar approval. Solana, known for its fast transaction speeds and low fees, could be a strong candidate for the next wave of cryptocurrency ETFs. This move will not only validate Solana technology but also increase market credibility and investor confidence The SEC's approval of an Ethereum ETF is a groundbreaking development that could have a significant impact on the future of cryptocurrency investing. By providing a regulated and accessible way to invest in Ethereum, the ETF's approval will likely attract more institutional investors, thereby increasing the cryptocurrency's market presence. As the market reacts to this news, it will be interesting to see how other cryptocurrencies, such as Solana, position themselves in the ever-evolving landscape
$BTC is currently trading around the critical resistance price value of 66-67k. If the price falls below this valve, a massive dump is expected and the price is expected to fall below 55k. If it goes beyond this value, it is expected to exceed 80k.
$BTC The cryptocurrency community is rocked by rumors that Bitcoin and altcoin exchange Bybit is going bankrupt. These rumors, originating from a misleading graphical error on an on-chain analysis platform, caused market volatility and a series of gravitational waves. However, Bybit corrected the wrong information and assured users of their financial health. Rumors create panic for Bitcoin exchanges On May 22, rumors started circulating about the exchange going bankrupt on Panic arose due to a bug in the Arkham Intelligence platform that misrepresented a significant decline in Bybit's assets. This visual error, combined with the ongoing unease in the crypto community following major crashes such as FTX and Celsius, caused rumors to spread quickly about Bybit's potential bankruptcy. Social media has become a place where speculation spreads. Memes reflecting the collapse of FTX became popular, and users expressed concerns about frozen funds. The situation escalated further with reports of withdrawals exceeding $50 million, but these withdrawals were later contextualized as a small fraction of Bybit's total reserves. Bybit quickly responded to the rumors. A spokesperson stressed that the allegations were baseless. He also argued that Bybit's strict compliance measures might frustrate some people. More importantly, Bybit directs its users to Reserve's official report. It transparently shows Bybit's asset ownership and provides proof of its ability to fulfill user withdrawal requests. The “Reservations” report became a document that many exchanges started sharing after the FTX crash. Additionally, he pointed to data from leading on-chain analysis platforms such as Bybit, Nansen, and DefiLlama.
• Taiko [TKO] Established an airdrop ahead of mainnet Airdrop eligibility for those interacting with the Taiko testnet, block proposers and provers, contributors to certain GitHub repositories, and Ethereum ICO participants.
• Grayscale Launches Stacks (STX) and Near (NEAR) trusts Grayscale Near Trust and Grayscale Stacks Trust opened on May 23, allowing individual and institutional accredited investors to access daily subscriptions.
• Stepn [GMT] Launches STEPN GO app and GGT Tokens The app allows users to lend their sneakers to friends and family, and earn GGT tokens by walking or running in them. Users can lock GMT and participate in a draw for 6000 pairs of sneakers.
• Lista [LISTA] Launch on Binance megadrop platform Lista is a decentralized liquid staking and stablecoin protocol. Users can carry out staking and liquid staking on Lista, as well as borrow lisUSD with various decentralized collateral.
• AIOZ Network [AIOZ] Listed in the Nvidia Acceleration Application Catalog The Nvidia Acceleration Application Catalog allows individuals and businesses to search for "a wide range of DPU and GPU accelerated applications, tools, and services."
• Jupiter [JUP] Started the Giant Unified Market initiative The goal of this initiative is to bring all assets into a single atomic market. Jupiter will work with partners to onboard more assets to Solana and create a liquid market for these assets.
• LeverFi [LEVER] Launches $10M OmniZK Developer Fund The new fund, focused exclusively on the BTC Fi project, will enable developers to build and deploy scalable, interoperable DLC applications completed natively on Bitcoin.
• RTF [RTF] Announces new RTF staking offer RTF has announced a new staking offer with different APY rates and Early Bird benefits that include a special NFT reveal on June 5 for increased rewards.
The first ETH spot ETF will reach a final decision on May 23.
The Ethereum spot ETF applied by VanEck will deliver the final decision on May 23, and the Ethereum spot ETF implemented by Ark and 21 Shares will deliver the final decision on May 24.
Currently, there are 6 ETH ETH spots waiting for the SEC to make a decision.
The h1 chart is still in the adjustment stage, there will be 2 cases that can happen
Case 1: watch the orderflow block at 67k7, wait for confirmation and maybe take a buy position following the big frame trend!
Case 2: IDM sweep clock at 68k8. If you want to remove your beard, you can wait for confirmation that the M5 frame is open. Long!
Current strategy: The main one is Long Altcoin, even though BTC has adjusted but it is still rising a lot, Long Altcoin will be more profitable than Short Altcoin. Personally, I think this is quite risky!
STAY DYOR AND TAKE CARE OF YOUR WALLET. DON'T FORGET TO FOLLOW MY PAGE TO GET THE LATEST NEWS.
Friends, please be careful tomorrow, there is news that the ETF will most likely be postponed. If this happens, there is a potential for serious downside, everyone should be careful.
I just don't want you to lose, instead profiting together is more fun.
Didn't I tell you? learning fundamental and technical analysis is important. So don't ever go in because of fomo.
$BTC $BNB $ETH
LIVE
rama_xchange
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Bearish
News Alert!!!
The SEC has delayed approval of Franklin Templeton & Grayscale's proposed Ethereum Spot ETF.
The scenario was predicted beforehand As noted by BeInCrypto, the US Securities and Exchange Commission has delayed approval of Franklin Templeton's Ethereum Spot ETF and postponed it to June 11, 2024. Likewise, the agency also postponed a similar proposal for the Grayscale Ethereum Trust on Tuesday, with the next response deadline being 23 June 2024. After this time, the SEC can approve or deny or initiate proceedings.
The SEC has delayed approval of Franklin Templeton & Grayscale's proposed Ethereum Spot ETF.
The scenario was predicted beforehand As noted by BeInCrypto, the US Securities and Exchange Commission has delayed approval of Franklin Templeton's Ethereum Spot ETF and postponed it to June 11, 2024. Likewise, the agency also postponed a similar proposal for the Grayscale Ethereum Trust on Tuesday, with the next response deadline being 23 June 2024. After this time, the SEC can approve or deny or initiate proceedings.