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Solana BONK Coin Soars Over 35% to Hit US$2 Billion Market Cap
Effects of Ethereum ETF Launch
The rise in crypto prices in the broader market stems from developments in the launch of the Ethereum Exchange-Traded Fund (ETF) in the United States. The market's recent rise is similar to investor sentiment that preceded the launch of 11 spot Bitcoin ETFs in January.
On-chain analytics firm Santiment attributed BONK's outperformance to the anticipation surrounding the launch of an Ethereum ETF.
The company added that this event contributes to one of crypto's top five days of 2024. As per previous Crypto News Flash coverage, exchange Coinbase estimates a 30-40% chance of approval on May 31.
However, it is worth noting that the SEC must approve the 19b-4 filing and S-1 registration statement for a spot Ethereum ETF to begin trading.
At the time of writing, BONK is trading at US$0.00003267, showing an increase of 5.6% in the last 24 hours, and is up 35% in the last seven days.
Additionally, 24-hour trading volume increased 2.3% to US$1.04 billion. Since May 13, BONK price has been rising at a steady pace after hitting a low of US$0.0000214.
Overall, the memecoin market is showing bullish momentum with weekly trading volume increasing more than 200% year-on-year. BONK's success ultimately rests on the popularity of Solana. The recent rally has spread around the world with Solana rising 0.37% to US$180.07.$BONK #BONK. #Binance
Effects of Ethereum ETF Launch
The rise in crypto prices in the broader market stems from developments in the launch of the Ethereum Exchange-Traded Fund (ETF) in the United States. The market's recent rise is similar to investor sentiment that preceded the launch of 11 spot Bitcoin ETFs in January.
On-chain analytics firm Santiment attributed BONK's outperformance to the anticipation surrounding the launch of an Ethereum ETF.
The company added that this event contributes to one of crypto's top five days of 2024. As per previous Crypto News Flash coverage, exchange Coinbase estimates a 30-40% chance of approval on May 31.
However, it is worth noting that the SEC must approve the 19b-4 filing and S-1 registration statement for a spot Ethereum ETF to begin trading.
At the time of writing, BONK is trading at US$0.00003267, showing an increase of 5.6% in the last 24 hours, and is up 35% in the last seven days.
Additionally, 24-hour trading volume increased 2.3% to US$1.04 billion. Since May 13, BONK price has been rising at a steady pace after hitting a low of US$0.0000214.
Overall, the memecoin market is showing bullish momentum with weekly trading volume increasing more than 200% year-on-year. BONK's success ultimately rests on the popularity of Solana. The recent rally has spread around the world with Solana rising 0.37% to US$180.07.$BONK #BONK. #Binance
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$BTC Bitcoin is once again approaching its ATH, but price should not stop here☝️
During true growth, prices do not consolidate for long, because fast and dynamic growth prevents unnecessary participants from joining in📝
The market is starting to move, with rumors circulating about an ETF for Ethereum📈
I hope you are ready for this growth😌
#BitcoinDaily #BTC70K✈️ #BTC_MARKET_UPDATE #BTCpredictions
During true growth, prices do not consolidate for long, because fast and dynamic growth prevents unnecessary participants from joining in📝
The market is starting to move, with rumors circulating about an ETF for Ethereum📈
I hope you are ready for this growth😌
#BitcoinDaily #BTC70K✈️ #BTC_MARKET_UPDATE #BTCpredictions
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Telegram CEO Pavel Durov Promises to HODL US$6.8 Million Notcoin (NOT) to 100x Profit
On May 17, Pavel Durov, founder of the instant messaging platform Telegram, thanked the Notcoin project for the large donation.
This game-based project gave Durov and his team more than 1 billion Notcoin (NOT) tokens worth around US$6.8 million.
The tokens were sourced from 552,586 members of the Notcoin community. Of this number, 203,303 people gained their tokens through games. This active participation shows strong support from the Notcoin community.
Prior to this donation, Durov had already published his support for Notcoin. In the statement, he described how Notcoin quickly transformed from in-game currency to real money for its users.
In a separate announcement, Notcoin acknowledged the important role played by Durov and the Telegram team in creating a platform that sets high standards for developers. It cannot be denied that this recognition reflects the integral relationship between Telegram and the growing blockchain ecosystem.
Recently, Notcoin distributed more than 80 billion NOT tokens to game participants and held a token generation event (TGE). A number of top crypto exchanges have also officially listed this token.
At the time of publication, NOT was sitting at US$0.0068, or had fallen 8.2% from its all-time high (ATH) of US$0.0074. According to CoinGecko data, Notcoin currently has a fully diluted valuation (FDV) of US$705.19 million and a trading volume of US$434.19 million over the last 24 hours.
#NOT #Binance $NOT $BNB
On May 17, Pavel Durov, founder of the instant messaging platform Telegram, thanked the Notcoin project for the large donation.
This game-based project gave Durov and his team more than 1 billion Notcoin (NOT) tokens worth around US$6.8 million.
The tokens were sourced from 552,586 members of the Notcoin community. Of this number, 203,303 people gained their tokens through games. This active participation shows strong support from the Notcoin community.
Prior to this donation, Durov had already published his support for Notcoin. In the statement, he described how Notcoin quickly transformed from in-game currency to real money for its users.
In a separate announcement, Notcoin acknowledged the important role played by Durov and the Telegram team in creating a platform that sets high standards for developers. It cannot be denied that this recognition reflects the integral relationship between Telegram and the growing blockchain ecosystem.
Recently, Notcoin distributed more than 80 billion NOT tokens to game participants and held a token generation event (TGE). A number of top crypto exchanges have also officially listed this token.
At the time of publication, NOT was sitting at US$0.0068, or had fallen 8.2% from its all-time high (ATH) of US$0.0074. According to CoinGecko data, Notcoin currently has a fully diluted valuation (FDV) of US$705.19 million and a trading volume of US$434.19 million over the last 24 hours.
#NOT #Binance $NOT $BNB
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First Time in 38 Days, Bitcoin Price Successfully Prints a Record of US$71,000!
Bitcoin (BTC) has shot up and successfully penetrated the US$71,000 mark for the first time since April 12. Currently, the price of BTC is around US$71,200.
This important milestone was reached amid a broader market rally thanks to optimism regarding approval for a spot Ethereum exchange-traded fund (ETF). This optimism comes from a recent announcement from Eric Balchunas and James Seyffart, two ETF analysts at Bloomberg Intelligence.
Crypto Market Rally Triggers Liquidations Worth More than US$348 Million
These ETF analysts have increased their odds for spot Ethereum ETF approval, from 25% to 75%. Balchunas cited increasingly intense political pressure on the SEC as the reason behind their forecast revision. Additionally, the odds of approval also strengthen to over 54% on prediction platforms such as Polymarket.
In the midst of this development, Ethereum (ETH) staged a rally of almost 20% in 24 hours. Bitcoin followed with a price increase of around 7%. As a result of this price spike, there has been significant liquidation in the market.
Data from Coinglass reveals that 79,714 traders faced liquidation in the last 24 hours. The total assets involved in this liquidation were worth US$348.13 million. Specifically, short trades experienced liquidations of US$273.82 million, while long trades experienced liquidations of US$74.31 million.
Prior to this incident, investors were observed actively accumulating Bitcoin, an indication of bullish sentiment. Meanwhile, during the last week, investors were recorded as having withdrawn 30,516 BTC from 20 crypto exchanges tracked by Coinglass. This amount is equivalent to around US$2.17 billion referring to current market prices.
The largest outflow was recorded on Coinbase Pro, with a withdrawal figure of 14,416.43 BTC. Then, Binance followed with a withdrawal of 8,631.02 BTC.
#Binance #BTC $BTC $ETH $BNB
Bitcoin (BTC) has shot up and successfully penetrated the US$71,000 mark for the first time since April 12. Currently, the price of BTC is around US$71,200.
This important milestone was reached amid a broader market rally thanks to optimism regarding approval for a spot Ethereum exchange-traded fund (ETF). This optimism comes from a recent announcement from Eric Balchunas and James Seyffart, two ETF analysts at Bloomberg Intelligence.
Crypto Market Rally Triggers Liquidations Worth More than US$348 Million
These ETF analysts have increased their odds for spot Ethereum ETF approval, from 25% to 75%. Balchunas cited increasingly intense political pressure on the SEC as the reason behind their forecast revision. Additionally, the odds of approval also strengthen to over 54% on prediction platforms such as Polymarket.
In the midst of this development, Ethereum (ETH) staged a rally of almost 20% in 24 hours. Bitcoin followed with a price increase of around 7%. As a result of this price spike, there has been significant liquidation in the market.
Data from Coinglass reveals that 79,714 traders faced liquidation in the last 24 hours. The total assets involved in this liquidation were worth US$348.13 million. Specifically, short trades experienced liquidations of US$273.82 million, while long trades experienced liquidations of US$74.31 million.
Prior to this incident, investors were observed actively accumulating Bitcoin, an indication of bullish sentiment. Meanwhile, during the last week, investors were recorded as having withdrawn 30,516 BTC from 20 crypto exchanges tracked by Coinglass. This amount is equivalent to around US$2.17 billion referring to current market prices.
The largest outflow was recorded on Coinbase Pro, with a withdrawal figure of 14,416.43 BTC. Then, Binance followed with a withdrawal of 8,631.02 BTC.
#Binance #BTC $BTC $ETH $BNB
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#polkadotupdate $DOT #dot US TikTok Buyers Eye Decentralization, Polkadot Integration for Data Protection
Billionaire Frank McCourt is among those who have made a bid for TikTok in the US, and there are reports that he could decentralize the social media giant on Polkadot.
McCourt is an outspoken critic of Big Tech and has called for users to own their data for years, lending credence to reports of major changes in the American TikTok model.
TikTok's future in the US could be decentralized, and Polkadot is leading the way to become the network that anchors the social media app with 170 million American users.
Frank McCourt, the real estate billionaire best known as the former owner of the Major League Baseball LA Dodgers franchise, is among those interested in buying the Chinese company's American operations.
TikTok has been forced to sell by the Biden administration, which accuses the company of cannibalizing Americans' data for the Chinese government. This is not the first attempt to sell the company to American owners, with previous attempts by the Trump administration failing.
McCourt leads a consortium of individuals and companies under the umbrella of Project Liberty. He has invited Guggenheim Securities as the investment bank and Kirkland Ellis as the law firm that will be responsible for the deal.
He said he has been in talks with several parties interested in partnering on the sale, hinting that participation could be open to the public.
A vocal critic of Big Tech's data silo model, McCourt told one outlet that he aims to rebuild social media platforms as “a new and better version of the internet where everyone is respected, and they own and control their identity and data they.”
Billionaire Frank McCourt is among those who have made a bid for TikTok in the US, and there are reports that he could decentralize the social media giant on Polkadot.
McCourt is an outspoken critic of Big Tech and has called for users to own their data for years, lending credence to reports of major changes in the American TikTok model.
TikTok's future in the US could be decentralized, and Polkadot is leading the way to become the network that anchors the social media app with 170 million American users.
Frank McCourt, the real estate billionaire best known as the former owner of the Major League Baseball LA Dodgers franchise, is among those interested in buying the Chinese company's American operations.
TikTok has been forced to sell by the Biden administration, which accuses the company of cannibalizing Americans' data for the Chinese government. This is not the first attempt to sell the company to American owners, with previous attempts by the Trump administration failing.
McCourt leads a consortium of individuals and companies under the umbrella of Project Liberty. He has invited Guggenheim Securities as the investment bank and Kirkland Ellis as the law firm that will be responsible for the deal.
He said he has been in talks with several parties interested in partnering on the sale, hinting that participation could be open to the public.
A vocal critic of Big Tech's data silo model, McCourt told one outlet that he aims to rebuild social media platforms as “a new and better version of the internet where everyone is respected, and they own and control their identity and data they.”
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Ripple SEC Lawsuit: SEC Challenges Ripple's Bid for Privacy – Inside Insight
The SEC has opposed Ripple's motion to seal evidence, demanding disclosure of details of financial and securities sales.
Despite legal pressure, the price of XRP has increased, reflecting continued investor interest and market dynamics.
n an important update in the ongoing Ripple vs SEC legal battle, the US Securities and Exchange Commission (SEC) has partially rejected Ripple's application to suppress certain documents during the recovery phase.
The SEC argues that disclosing Ripple's financial details, including post-complaint sales of XRP to institutions, is critical for transparency and for courts to accurately assess penalties and understand investors' potential losses.
Despite the legal issues, the cryptocurrency XRP has seen its price increase by 5% over the past 24 hours, influenced by high trading activity by large-scale investors, often referred to as whales.
This price movement is in line with increased trading interest, indicating that the ongoing lawsuit and the SEC's push for transparency are key factors shaping investor sentiment. For a visual understanding, check out today's YouTube Video discussing this development and its implications
As per insights from Holland & Knight, the US District Court for the Southern District of New York has handed down mixed rulings in the SEC vs Ripple case.
The court found that not all transactions involved investment contract securities and stated that XRP tokens were not, in essence, securities. This landmark decision has significant implications for the crypto industry, particularly regarding the classification of token trading on digital asset exchanges and the application of the “fair notice” defense.
Currently, the SEC insists that Ripple's request to redact certain financial details could obscure important information that is important for public understanding and for the court's decision-making process in the recovery phase. #XRP
The SEC has opposed Ripple's motion to seal evidence, demanding disclosure of details of financial and securities sales.
Despite legal pressure, the price of XRP has increased, reflecting continued investor interest and market dynamics.
n an important update in the ongoing Ripple vs SEC legal battle, the US Securities and Exchange Commission (SEC) has partially rejected Ripple's application to suppress certain documents during the recovery phase.
The SEC argues that disclosing Ripple's financial details, including post-complaint sales of XRP to institutions, is critical for transparency and for courts to accurately assess penalties and understand investors' potential losses.
Despite the legal issues, the cryptocurrency XRP has seen its price increase by 5% over the past 24 hours, influenced by high trading activity by large-scale investors, often referred to as whales.
This price movement is in line with increased trading interest, indicating that the ongoing lawsuit and the SEC's push for transparency are key factors shaping investor sentiment. For a visual understanding, check out today's YouTube Video discussing this development and its implications
As per insights from Holland & Knight, the US District Court for the Southern District of New York has handed down mixed rulings in the SEC vs Ripple case.
The court found that not all transactions involved investment contract securities and stated that XRP tokens were not, in essence, securities. This landmark decision has significant implications for the crypto industry, particularly regarding the classification of token trading on digital asset exchanges and the application of the “fair notice” defense.
Currently, the SEC insists that Ripple's request to redact certain financial details could obscure important information that is important for public understanding and for the court's decision-making process in the recovery phase. #XRP
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$BTC #bitcoin #Binance #Satoshi_Nakamoto
Bitcoin Worth IDR 121 Million Accidentally Sent to Satoshi Nakamoto's Wallet
An address was discovered to have accidentally sent 0.10754671 BTC, which is worth about US$7,600 at current prices, to Satoshi Nakamoto's Genesis Wallet.
According to Arkham Intelligence, the address was owned by someone who accidentally sent 90% of his total Bitcoin holdings to Nakamoto's wallet. Unfortunately, the sender will not be able to claim his BTC back.
“Someone accidentally sent 90% of their BTC holdings to Satoshi Nakamoto last night. They tried to sacrifice ordinals for @PupsToken, but accidentally sent almost their entire wallet balance as well,” wrote Arkham Intelligence on Saturday (18/5/2024).
This is not the first time a sender has transferred assets to the wrong wallet. In early January, an anonymous person sent 26.92 BTC via Binance to Nakamoto's Genesis Wallet. This transaction occurred just two days after the 15th anniversary of the Genesis block.
Genesis Wallet is the wallet used by Satoshi Nakamoto to mine Bitcoin on January 3, 2009. This wallet holds most of the earliest BTC mined.
Crypto users are known to have routinely sent small amounts of Bitcoin to Genesis Wallet as a form of respect for Nakamoto, whose identity is still mysterious.
Bitcoin Worth IDR 121 Million Accidentally Sent to Satoshi Nakamoto's Wallet
An address was discovered to have accidentally sent 0.10754671 BTC, which is worth about US$7,600 at current prices, to Satoshi Nakamoto's Genesis Wallet.
According to Arkham Intelligence, the address was owned by someone who accidentally sent 90% of his total Bitcoin holdings to Nakamoto's wallet. Unfortunately, the sender will not be able to claim his BTC back.
“Someone accidentally sent 90% of their BTC holdings to Satoshi Nakamoto last night. They tried to sacrifice ordinals for @PupsToken, but accidentally sent almost their entire wallet balance as well,” wrote Arkham Intelligence on Saturday (18/5/2024).
This is not the first time a sender has transferred assets to the wrong wallet. In early January, an anonymous person sent 26.92 BTC via Binance to Nakamoto's Genesis Wallet. This transaction occurred just two days after the 15th anniversary of the Genesis block.
Genesis Wallet is the wallet used by Satoshi Nakamoto to mine Bitcoin on January 3, 2009. This wallet holds most of the earliest BTC mined.
Crypto users are known to have routinely sent small amounts of Bitcoin to Genesis Wallet as a form of respect for Nakamoto, whose identity is still mysterious.
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$ADA $BTC $BTC #Binance #ADAUSDT #CardanoUpdates
Cardano Poised for Massive Comeback as Whale Investors Target US$1 ADA
Bitcoin and the broader altcoin market have recorded a strong revival on news of the approval of a spot Ether ETF. However, one altcoin in particular showing strength is Cardano's native cryptocurrency, ADA. At the time of writing, Cardano (ADA) price rose 7.47% to above US$0.50 with market capitalization touching US$18 billion.
Data from IntoTheBlock reveals an important trend: Cardano whales, who own more than 100 million ADA tokens, increased their holdings by 11% last month, and now control nearly 7% of Cardano's total supply. This accumulation is bullish, indicating that these influential investors are positioning themselves by acquiring more promising assets.
Confidence in Cardano is not limited to whales. An analyst known as World of Charts has noted that ADA's breakout has been confirmed and anticipates the token reaching US$1 in the next few weeks, according to a Crypto News Flash report.
Similarly, another analyst, Trend Rider, has identified a bullish pattern for Cardano. They observe ADA's price increase following bullish signals on the daily chart and expect ADA to sustain above the US$0.5 level in the short term.
Dan Gambardello, founder of Crypto Capital Venture, also shared his insights on Cardano price movements. He highlighted that ADA surpassed the 20-day moving average (MA) and mentioned the formation of a golden cross on Cardano's daily chart, where the 50-day MA crossed above the 200-day MA.
The resurgence of whale activity, strong retail investor interest, and growing confidence in the Cardano ecosystem present promising prospects for ADA. These factors, coupled with bullish predictions from some analysts, suggest that Cardano could be on the verge of a significant comeback.
Cardano Poised for Massive Comeback as Whale Investors Target US$1 ADA
Bitcoin and the broader altcoin market have recorded a strong revival on news of the approval of a spot Ether ETF. However, one altcoin in particular showing strength is Cardano's native cryptocurrency, ADA. At the time of writing, Cardano (ADA) price rose 7.47% to above US$0.50 with market capitalization touching US$18 billion.
Data from IntoTheBlock reveals an important trend: Cardano whales, who own more than 100 million ADA tokens, increased their holdings by 11% last month, and now control nearly 7% of Cardano's total supply. This accumulation is bullish, indicating that these influential investors are positioning themselves by acquiring more promising assets.
Confidence in Cardano is not limited to whales. An analyst known as World of Charts has noted that ADA's breakout has been confirmed and anticipates the token reaching US$1 in the next few weeks, according to a Crypto News Flash report.
Similarly, another analyst, Trend Rider, has identified a bullish pattern for Cardano. They observe ADA's price increase following bullish signals on the daily chart and expect ADA to sustain above the US$0.5 level in the short term.
Dan Gambardello, founder of Crypto Capital Venture, also shared his insights on Cardano price movements. He highlighted that ADA surpassed the 20-day moving average (MA) and mentioned the formation of a golden cross on Cardano's daily chart, where the 50-day MA crossed above the 200-day MA.
The resurgence of whale activity, strong retail investor interest, and growing confidence in the Cardano ecosystem present promising prospects for ADA. These factors, coupled with bullish predictions from some analysts, suggest that Cardano could be on the verge of a significant comeback.
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