Ethereum had a low-key start to May, trading below $3,000, but gained popularity in the final weeks of the month. The approval of the first spot ETH ETFs boosted its price, bringing it close to $4,000 at the end of May. Although it did not reach this mark, it is expected to achieve it in June.
Bitcoin could hit new highs if it breaks the $72K resistance, but external uncertainty prompts caution.
OPINION
On-chain analytics firm Glassnode has provided a detailed look at the Bitcoin market, suggesting that the cryptocurrency could be in the early stages of a bull market if it overcomes certain key resistances.
Glassnode co-founders Jan Happel and Yann Allemann have shared an optimistic analysis, stating that if Bitcoin manages to overcome the significant resistance around $72,000, there is a chance it could reach new all-time highs, potentially reaching $75,000. This analysis is based on the observation of accumulation patterns by long-term investors and an increase in demand for Bitcoin spot ETFs in the United States, reflecting a resurgence in interest and confidence in the cryptocurrency.
$ETH Excitement for the ETH ETF? The futures market says otherwise
ETH futures reflect pessimism over cryptocurrency regulation and possible delay in spot ETF launch
MARKET ANALYSIS
On May 23, the US Securities and Exchange Commission (SEC) approved several spot Ethereum exchange-traded funds (ETFs), but the actual debut of these instruments in US markets will take longer. time, since the regulator has yet to approve individual S-1 filings from each of the eight funds. Given the uncertainty, the price of Ether
ETH €3,501
has struggled to overcome the $3,900 resistance, and the answer may lie in the Ether futures market.
$RAY is taking the lead again. After taking support at 1.5$, it is continuing its bullish rally with a next primary target of 4.7$ in a shorter timeframe. This Solana Gem is here to rule the market. Hope $BTC doesn't disappoint us. We observed a 14x rise in the previous rally.
🚀🚀🚀Cardano price signals buy, but will bulls comply?
Cardano might rise 11% if it breaks $0.465.
Above the $0.477 swing high, ADA will confirm an uptrend. A second scenario has the “Ethereum-killer” falling to $0.422 before trying $0.510.
Cardano (ADA) is in a reversal zone, but other variables may hinder a positive turn. Investors must monitor immediate levels to assess ADA bias.
Cardano price has reversed numerous times at $0.422 and $0.432, causing a double-digit rise. ADA trades at $0.456, undoing a local peak of $0.511 achieved in mid-May.
The latest Cardano price lower low does not match the RSI higher low, signaling a bullish divergence. The momentum is growing, but the asset's price is not.
After making the swing low on June 2, ADA rose 5% and may continue. Cardano price must exceed $0.465 and create a higher high than the $0.477 swing point. If successful, this move would break the bearish market structure and start the bullish one. Such a situation would force ADA to reconsider $0.496 and $0.510.
First time since May 23, the 4-hour chart RSI has broken the mean level of 50. A bullish turn would occur if momentum maintains this crucial barrier. However, from $0.455 to $0.511, the position would earn 11%.
Santiment's Network Realized Profit/Loss (NPL) indicator showed a significant collapse on May 30. These incidents occur when ADA holders sell tokens at a loss to avert losses. Patients and long-term investors await these discount accumulation chances.
History suggests that Cardano price spikes preceded severe NPL drops. If this pattern repeats, ADA may rise. This matches the technical 11% rally projection.
The aforementioned view is reasonable, yet positive divergence drives Cardano's price. To be safe, investors should contemplate ADA failing to accomplish this. A retest of $0.432 and $0.422 would be great entry points. A sweep of these levels and a return above $0.432 would indicate a reversal. Cardano might try again for $0.511.
#Binance The founder and former CEO of Binance, Changpeng Zhao (CZ), began serving his prison sentence in a facility located in California, where he will spend about four months detained due to the charges against him.
Zhao begins his sentence in a US prison
According to a report published by CoinDesk, Zhao reported to the Lompoc II federal prison in California, USA, a low-security prison located in Santa Barbara County, which has a prison population of more than 2,100 inmates.
Unlike other penitentiary centers, the conditions of Lompoc II allow inmates to carry out agriculture, livestock and horse breeding activities, making it one of the friendliest institutions to serve sentences.

Let's keep in mind that Zhao accepted a plea deal with US authorities, this after it was determined that Binance failed to comply with laws against money laundering and the financing of terrorist acts under its management, this by not properly applying the KYC processes (know your client). ) to avoid such irregularities.
In addition to the sentence, Zhao was also fined $50 million, and agreed to step down from both his role as CEO of Binance and his position on the company's board of directors.
Zhao's plans
Although Zhao will spend the next four months in the penitentiary center, the tycoon plans to take advantage of this time to rest, meditate and explore other possibilities.
In his farewell letter after leaving Binance, he wrote:
“Binance will be fine. I will have to deal with some pain, but I will survive. We will move forward, although with some changes in the structure. It may not be a bad thing when we look back in a few years. Anyway, I needed a break. And now I have it."
Currently, Binance is now under the leadership of Richard Teng, who continues Zhao's work and drives new ideas to strengthen expansion.
#memecoindeelonmusk Recently published data indicates that the Solana ecosystem received almost half a million new tokens created and launched on its network during the last month, consolidating itself as one of the most active Blockchains. tokens on Solana
According to data shared by The Block, the Solana network received some 455,000 new tokens created in May this year, a figure that far exceeds the 177,000 assets launched on Base, and the 39,000 that BNB Chain received.
In this regard, the head of strategy at the Solana Foundation, Austin Federa, emphasized that the network has characteristics that position it as an excellent option for this purpose, such as its fast processing of operations and low costs:
“The increase in mass token creation on Solana is a consequence of these features, bringing the cost of experimentation and creating new ideas to almost zero. Tokens on Solana should be as easy to create as content on the Internet,” Federa said.
In relation to the high flow of new tokens, the research details that the majority of these assets are mainly memecoins, coins based on memes whose value depends on speculative factors. The researchers indicate that those behind these projects are possibly trying to replicate the success of initiatives such as Dogwifhat (WIF) or Bonk (BONK), which at the time derived significant profits for their users.
Regarding the proliferation of memecoins, The Block's investigation points to the site Pump.fun, a platform that allows people to create tokens in very few steps, making the process easy, simple and intuitive. Several tokens have come out of there that have enjoyed some success in recent days.
The publication of this data comes a couple of months after a report from the firm Blockaid alleged that at least 50% of pre-sales of new tokens on the Solana network are basically fraudulent offers.
#token A tokenized 300-year-old Stradivarius violin
This was indicated by the Galaxy Digital team in a statement cited by the media The Block, where they report that the tokenization of such a musical instrument, with such an interesting and remarkable history, represents a “significant advance in the application of Blockchain technology to support the value of unique real-world assets.”
The violin in question is an instrument made in 1708, which belonged to Catherine the Great of Russia, and is currently listed at about USD $9 million.
The tokenization of the asset was carried out to generate collateral for a financing requested by Siu, which is being facilitated by Galaxy Digital to enable commercial possibilities.
$BTC After several consecutive losses, cryptocurrencies finally marked the rise and the global market capitalization grew by 0.8% in the last 24 hours, which translates into an approximate valuation of US$2.69 billion.
Despite the overall bullish momentum, the world's oldest and most famous token, Bitcoin (BTC), did not register significant gains. Rather, it took a small step closer to the critical support level of $68,500.
These moves come as we await key inflation data from the United States (US), which will be released later this Friday and which investors are eagerly awaiting as it gives a guideline of what to expect. for the future of US monetary policy.
The global cryptocurrency market capitalization is $2.51T, a decrease of 2.06% over the last day.
The total cryptocurrency market volume in the last 24 hours is $79.88B, which makes it a decrease of 0.70%. Total volume in DeFi is currently $5.55B, 6.95% of the total 24-hour cryptocurrency market volume. The volume of all stablecoins is now $74.9B, which is 93.77% of the total 24-hour cryptocurrency market volume.
Bitcoin's current dominance is 52.76%, which represents a decrease of 0.21% throughout the day.
$BTC $LTC Strike CEO Sees Bitcoin Hitting $1 Million; whales are buying a lot of Rollblock and Litecoin

Invezz.com - Strike CEO Jack Mallers predicts that Bitcoin (BTC) could reach $1 million due to the current economic instability. In a recent interview, the CEO of Strike commented that BTC is still in the early stages and emphasized its role as a safe haven amid global financial challenges.
Whales have been hoarding Litecoin (LTC) as it is active for 12 years with 100% uptime and there are only 84,000,000 coins available, creating scarcity. Whales are also massively accumulating a new altcoin star, Rollblock (RBLK), which has already raised $500,000 and provided early investors with a 20% return on investment. We'll review the price performance of all three to determine which can rise the most.
Bitcoin price will reach $1 million according to Strike CEO: what are the chances of this?
In a recent podcast with Anthony Pompliano, Strike CEO Jack Mallers commented that the cryptocurrency Bitcoin (BTC) could reach $1 million. They talked about the macro environment, edge case, use case, investment case for Bitcoin cryptocurrency, regulations, politics, and why he believes Wall Street will capitulate and everyone will become a BTC holder.
#Stablecoins After eight consecutive months of rise, the capitalization of stablecoins reached a 24-month high of $161 billion in May.

MARKET NEWS
According to a new report from CCData, the stablecoin market capitalization reached its highest level since April 2022, following eight consecutive months of growth.
The cryptocurrency analysis platform reported on May 29 that the stablecoin market capitalization increased by 0.63% since the beginning of the month, reaching $161 billion. However, stablecoin market dominance decreased slightly to 6.07%, down from 7% in March.
"Dogecoin is a blockchain-based peer-to-peer cryptocurrency. The first definition of Dogecoin that comes to mind is a joke cryptocurrency inspired by the "doge" meme, but the interesting point is that Dogecoin managed to build a sustainable community and friendly, it gained a capitalization of over a billion dollars and still exists as one of the most important currencies in the crypto market. The Dogecoin community not only helped its members who got into trouble or were hacked, but also helped. who also participated in some interesting charity cases. For example, they raised fifty thousand dollars for the Jamaica Bobsled team to go to the Sochi Winter Olympics in 2014 and thirty thousand dollars to build a well in the Tana River basin in Kenya. "Dogecoin is popular on Reddit, Twitter and some blockchain-related communities."
#Ethereum Ethereum is approaching $4,000. The all-time high of $4,867 in mid-2022 is far away, but the price of the second most popular cryptocurrency in the world is experiencing a great moment. In the last six months, it has grown 89% and is currently around $3,900.
This growth is mainly explained by the approval of ETFs, which allow traditional and established investors to invest in Ethereum without having to enter the world of blockchain wallets. This is what Arthur Cheong, CEO of DeFiance Capital, believes. In what is a generalized idea.