The US government is paying out $2 million in interest every minute as interest rates remain high
The US government is paying more than $1 trillion in interest this year if FED interest rates remain the same
If the people's taxes are not enough to cover the government's needs (which is currently the case), then not only will there not be any money left over to pay the Fed, but they will also have to borrow more and the cycle continues.
BTC/USD and when the future USD will decrease in price, the pairs that go with it, specifically scarce assets, will definitely increase in price, for example, BTC, real estate, gold .......
This is a view in years and must exclude black swan phenomena such as covid in 2020
How long can the Fed keep interest rates high?
And when the FED reduces interest rates and money is pumped into the market, assets must also increase, specifically in the article, BTC
This article is my personal opinion, it may be right, it may be wrong, I just want to give you another perspective. You must be responsible for the money in your pocket If you find the article interesting, please send a tip or register to open a binance account via the referral link to support, click like, share, comment your opinion and follow to read market updates every day.
Bitcoin Spot ETF: 9-day streak of growth, with new investment totaling $19 million on May 23. Meanwhile, Grayscale sold 14 million USD and the total capital attracted was more than 33 million USD.
Ethereum Spot ETF: The U.S. Securities and Exchange Commission (SEC) has approved the Ethereum Spot ETF for eight issuances. However, these funds cannot yet start trading due to waiting for additional S-1 application approval, which is expected to take a few more weeks.
Ether ETF Approval: Approval may be political as SEC commissioners do not vote directly but delegate the authority to the Commerce Authority.
US House Bill: The US House of Representatives has passed a bill prohibiting the Federal Reserve (FED) from issuing Central Bank Digital Currencies (CBDCs), due to concerns that CBDCs could be used to control the people.
Grayscale Trust: Grayscale has introduced two new trusts, providing indirect investment opportunities in the cryptocurrencies STX and NEAR.
Airdrop Polymer: The Polymer project, aimed at connecting Layer 2, has successfully raised capital of 26 million USD
Earn LXP on Linea: Get a chance to earn 150 LXP from three featured projects on Linea for just 3 USD.
Lista Protocol: The BNB stablecoin and LSD protocol, Lista (formerly Helio), has become the second Binance Megadrop project.
Swell Liquid Restaking: Swell will launch its token in the coming weeks and plans to airdrop 8% of total supply for the first season.
Fantom Development: Fantom has raised an additional $10 million to develop Layer 1 Sonic, which is expected to be released soon.#BinancePizzaVN#MemeWatch2024 #binance
Bitcoin ETF: The May 21 trading session continued to record new capital inflows into Bitcoin ETFs, with a total value of +$307 million. This was the biggest session since early May, and BlackRock captured it all with +$291 million.
Ether Spot ETF: Funds have revised their proposed Ether Spot ETF, removing the staking function, pending SEC approval.
Former President Donald Trump's re-election campaign: Officially accepts payments in Bitcoin & Crypto.
Ether ETF: Standard Chartered Bank predicts that the Ether ETF will attract inflows of $15 - $45 billion in its first 12 months.
ZKSync: Expected to launch tokens this week and hold airdrop from June 13. $ZK has a total supply of 21 billion with a pre-market price hovering around $0.6, equivalent to a market capitalization of $13 billion.
Stolen Assets Returned: Hackers from GoGalaGames returned more than $21 million in stolen assets from the $GALA Mint heist.
Coinbase Expands Futures Trading: Trading platform Coinbase has added Gold & Oil Futures trading, opening it up to traditional investors.
Advisor to EigenLayer: Two consecutive members of the Ethereum Foundation, Justin Drake and Dankrad Feist, have been confirmed to be serving as advisors to EigenLayer.
Investment in Layer-2 Derivatives Platform: BinanceLabs announces investment in Layer-2 derivatives platform @aevoxyz for $150 million.
During the trading session on May 20, the market witnessed excitement with $235 million invested in Bitcoin exchange-traded funds (ETFs) Spot. ARK Invest led with an investment of 68.3 million USD, followed by BlackRock with 65 million USD, and did not record selling activity from any fund. Bitcoin (BTC) price recovered to $71,000, while Ethereum (ETH) surpassed $3,600 after the U.S. Securities and Exchange Commission (SEC) approved Ether Spot ETFs. The FIT21 bill, which aims to clearly define whether cryptocurrencies are securities or commodities, will be voted on by the US House of Representatives early on the morning of May 23. The Central Bank of Brazil is expected to announce a regulatory framework for cryptocurrencies later this year. Grayscale has appointed a new CEO, who previously held the position of Chief Strategy Officer at Goldman Sachs and BlackRock. Binance calls for small and medium-sized projects with high-quality products to apply for listing. Gala Games has been the target of a cyberattack, with hackers claiming $21 million from a total of $200 million in additional GALA tokens. Ionet has opened the airdrop testing portal, only 78,000 wallets out of 1.8 million wallets are eligible to participate. The initial token issuance event (TGE) will take place on major exchanges starting from June 4. The DePIN project has raised 8 million USD in investment capital, is preparing to launch a testnet in the next few weeks and is expected to issue tokens in the third quarter of this year. #BinancePizzaVN #MemeWatch2024 #binance
$BTC $ETH Important economic events in the coming week
🚨 The House of Representatives will vote on 2 bills related to cryptocurrency:
Anti-custodianship of CBDC (central bank digital currency) Bill Bill Clarity on what is a security/investment contract 🗓 MONDAY, MAY 20 🇺🇸
Fed Vice Chairman for Supervision Michael Barr will speak. Fed Governor Christopher Waller will also deliver a welcome speech. Fed Vice Chairman Philip Jefferson will speak. 🗓 TUESDAY, MAY 21 🇺🇸
Fed Governor Christopher Waller continued speaking. Fed Vice Chairman for Supervision Michael Barr will also speak. Cleveland Fed President Loretta Mester, Atlanta Fed President Raphael Bostic, and Boston Fed President Susan Collins will participate in the joint discussion. 🗓 WEDNESDAY, MAY 22 🇺🇸
Minutes of the Fed's May FOMC meeting will be published. We'll see if all Fed officials agree with Fed Chairman Powell on keeping interest rates high longer and not raising them again. 🗓 THURSDAY, MAY 23 🇺🇸
Ethereum ETF proposal deadline for Vaneck (US Securities and Exchange Commission - SEC - must reject or approve). This is an important event for the cryptocurrency market. Local Atlanta Fed President Raphael Bostic will also speak. 🗓 FRIDAY, MAY 24 🇺🇸
Fed Governor Christopher Waller will continue to speak about the economic situation and monetary policy. These are important events that markets and investors should monitor in the coming week. 📈🌟 pls donate if my post useful #binance #eth #btc
Ripple CEO warns that the US government may be secretly investigating Tether, the largest stablecoin issuer on the market.
On LayerZero, more than 30,000 wallets have voluntarily reported sybil attacks, and the deadline for self-reporting is 18:59 on May 17.
Due to problems with the Sepolia test network, @zksync postponed the upgrade of version 24 to the weekend.
Today's schedule for the $BB (BounceBit) mainnet is as follows
Binance Launchpool's NOT project has opened the farm portal and invites everyone to stake with BNB or FDUSD tokens to get $NOT for free.
Token unlocking:
$STRK will unlock $75 million worth of tokens on May 15, accounting for about 8.8% of the circulating supply.
$AEVO will unlock nearly $1 billion worth of tokens on May 15, accounting for about 760% of the circulating supply.
$ARB will unlock $91.6 million worth of tokens on May 16, accounting for about 3.5% of the circulating supply.
$IMX will unlock $55 million worth of tokens on May 17, accounting for about 1.8% of the circulating supply.
$PIXEL will unlock $20 million worth of tokens on May 19, accounting for about 7% of the circulating supply.
$PYTH will unlock $915 million worth of tokens on May 20, accounting for about 141% of the circulating supply.
Macroeconomic data:
Producer Price Index (PPI) will be released on May 14 at 19:30 Annual PPI (forecast = to be updated, last month = 2.1%) Core annual PPI (forecast = to be updated, last month = 2.4%)
Federal Reserve Chairman Powell will speak at 21:00 on May 14
Consumer Price Index (CPI) will be released on May 15 at 19:30 Annual CPI (forecast = 3.4%, last month = 3.5%) Core annual CPI (forecast = 3.6%, last month = 3.8%)
Project of the Week - MilkyWay Airdrop Guide#kalacapital#Milkyway
🔹MilkyWay is a pioneering Liquid Staking protocol on the Celestia ecosystem (TIA), allowing users to stake TIA in exchange for milkTIA, and continue to use milkTIA for DeFi activities.
🔹Although MilkyWay has only completed its seed round, the $5 million round led by Binance Labs and Polychain at the end of April has attracted huge attention.
🔹In a recent event, many users staked $50-100 and received a considerable amount of $EIGEN. You may consider participating in this project. Who knows, it could be a chance for a big explosion. #binance #btc
General Notice: Listing Token $NOT on Reputable Exchanges
I would like to inform investors about a series of special listing events of the $NOT token, with a total supply of up to 102 billion $NOT . This is an unmissable opportunity to participate and take advantage of offers from leading exchanges.
1. Event Listing $NOT on OKX:
Jumpstart Mining: Users can stake $TON to receive rewards up to 1,283,990,271 $NOT . Stake limit: Maximum 4000 $TON. Exploitation Time: From 13:00 May 13 to 13:00 May 16. Detailed Information: Investors can refer to more detailed information and register for an account at OKX's homepage. 2. $NOT Listing Event on Binance:
Listing Time: At 17:00 on May 16. Launchpool Farming: Users can stake $BNB and $Fusd to participate. Pool Percentage: Binance reserves 3% of the total token supply for this pool. Detailed Information: For more detailed information and account registration, please visit Binance's support page. 3. Events Listing $NOT on Bybit:
Listing Time: At 17:00 on May 16. Note: There is currently no information on related share pool events. Trading $NOT : Investors can open an account and start trading $NOT on Bybit. Summary:
Binance: Due to its large user base, the competition on Binance is higher, and therefore the pool is larger than on OKX. OKX: Less competition, users can consider optimizing benefits when participating in farming. Wishing all investors good luck and success in collecting $NOT tokens, as well as making the most of the opportunities from the previous airdrop event. #notcoin #Launchpool #LaunchPool53 #launhpool54
Cryptocurrency market: The trading session on May 6 witnessed excitement when Bitcoin Spot ETFs received strong investment of 218 million USD. The @Grayscale fund also recorded positive growth for two consecutive days, with 4 million USD injected in the latest session.
SEC Warning: The US Securities and Exchange Commission (SEC) has issued a warning to @RobinhoodApp about the potential risks associated with violating securities laws.
SEC Decision on Ether ETF: The SEC has decided to postpone its review of Invesco Galaxy's Ether spot ETF proposal. The final decision is expected to be announced on May 23.
Comment from CFTC Chairman: The Chairman of the US Commodity Futures Trading Commission (CFTC) predicts that there will be a strong wave of repression on the cryptocurrency market within the next two years.
Update from MetaMask: The @MetaMask cryptocurrency wallet has officially launched the Smart Transactions feature, aiming to solve the problem of MEV and clip transactions, helping users minimize unnecessary costs.
Strategic partnership: @LayerZero_Labs has joined forces with @nansen_ai and Chaos Labs to launch a campaign to combat sybil activities.
Announcement from DeBankDeFi and Tabichain: @DeBankDeFi teased the upcoming screenshot, while @Tabichain announced the initial airdrop distribution.
Blast L2 Jackpot Event: @Blast_L2 launched an exciting Jackpot event with a prize fund of up to 1 million Gold for token and NFT holders.
Justin Sun, founder of Tron, made headlines when his wallet address, believed to be "0x7a9...3095", transferred 120,000 eETH to the liquid staking protocol Swell L2 on May 4. worth about 376 million USD and accounting for 46.6% of the total deposits into Swell L2 since the protocol began operating
Regarding the issue of Airdrop farming becoming difficult and "whales" (those who hold large amounts of cryptocurrency) taking up all the rewards, it seems that the large accumulation and staking of whales is affecting the ability to receive rewards of other participants. This can increase the difficulty of earning Airdrops, especially in Ethereum's staking environment, where reward distribution can be irregular.
☄️ Breaking Cryptocurrency exchange Coinbase and its CEO, Brian Armstrong, face a new class action lawsuit accusing investors of being duped into buying securities and claiming the company's business model is illegal France.
🚫 The lawsuit claims that the Solana, Polygon, Near, Decentraland, Algorand, Uniswap, Tezos, and Stellar Lumens tokens are securities. #CryptoWatchMay2024 #binance #btc #Web3
Michael Saylor told 'Bitcoin for Business' conference that he believes the SEC will classify Ethereum as a security and reject Ether Spot ETF applications
Peloton CEO Barry McCarthy resigned, the company laid off 15% of its employees
Pantera Capital invests in TON Blockchain, the total investment amount is not disclosed
Jack Dorsey's company 'Block' said it will buy Bitcoin monthly with 10% of the total profits from BTC products. In Q1, Block's Cash App had a profit of 80 million USD from BTC and now the company HODL 8038 BTC
Senator Cynthia Lummis said that anyone who wants to make trouble with Bitcoin in Congress 🇺🇸 must go through her first.
Elliptic, a blockchain analytics company, has partnered with MIT-IBM Watson AI Lab to use AI to detect money laundering on the Bitcoin blockchain.
Standard Chartered has started to take a bearish stance, saying that BTC will go to $50-52K... a few weeks ago, saying $150K was not a problem.
Yesterday was the biggest day of outflows from Bitcoin Spot ETFs since their inception.
If you find the article good, please send a tip to support, click like, share, comment your opinion and follow to read market updates every day. #btc #binance #bitcoin
Alright, let’s add a sprinkle of humor to this crypto update, shall we?
Hong Kong ETFs are hoarding BTC like there’s no tomorrow, sitting on a dragon’s hoard of 7989 BTC after just two days. Talk about commitment!
Meanwhile, over in the US, ETFs are singing the blues with a loss of $34.4 million today. Ouch, that’s gotta hurt the portfolio!
Michael Saylor, at the ‘Bitcoin for Businesses’ conference, seemed to have a crystal ball, predicting the SEC will label Ethereum as a security and give a thumbs down to Ether Spot ETFs. Maybe he’s got a future in fortune-telling?
Peloton’s CEO, Barry McCarthy, decided to take a spin off the corporate bike, resigning and leaving 15% of the staff pedaling off into the sunset with him.
Pantera Capital is playing coy with their investment into TON Blockchain, keeping the total sum hush-hush. What’s the secret, guys?
Jack Dorsey’s ‘Block’ is on a Bitcoin shopping spree, snagging BTC monthly with 10% of their total BTC product profits. In Q1, Cash App raked in a cool $80 million from BTC, and now they’re HODLing 8038 BTC like it’s a high score in a video game.
Senator Cynthia Lummis is the new sheriff in town for Bitcoin at Capitol Hill, warning that anyone looking for a crypto duel has to go through her first. High Noon, anyone?
Elliptic teams up with MIT-IBM Watson AI Lab to play detective with AI, sniffing out money laundering on the Bitcoin blockchain. Sherlock Holmes, but make it techy.
Standard Chartered is riding the crypto rollercoaster, flipping from a bullish $150K BTC prediction to a bearish $50-52K. Make up your mind, folks!
And finally, yesterday saw the biggest Bitcoin ETF cash-out since… well, since they started. It’s like a crypto Black Friday sale out there!
Remember, folks, in the world of crypto, every day is an adventure – or at least a very interesting episode of a sitcom. Stay tuned for the next update! 🎢📉📈
Summary of market news from the past 24 hours with Kalacapital
-Google fired at least 200 of its important employees (core team, not interns or janitors) -FED Chairman said there will be no Stagflation -The FED Chairman said many times that right now there is no reason to think the FED will raise interest rates -FED has reduced the speed of public bond sales => good for the market -FED is not hawkish but remains neutral. BTC recovered to 59xxx then continued to decline -Riot Platform (Bitcoin mining company not League of Legend guys) reported Q1 net income of $211.8 million and profit per share of $0.82 -Grayscale SOLD 167 million USD -Today total US ETF -548.3 million USD -A16z Fund buys 90 million dollars of OP (Optimism) tokens, this amount will be locked for 2 years -MicroStrategy supports Ordinal
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