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• These hidden gems could mint millionaires when altseason hits. • Octavia (VIA-USD): AI-powered crypto aiding traders, growing fast. • Nettensor (NAO-USD): Offers NetCloud service, poised for AI infrastructure demand. • Banano (BAN-USD): Users contribute computing power for healthcare tokens.

• These hidden gems could mint millionaires when altseason hits.

• Octavia (VIA-USD): AI-powered crypto aiding traders, growing fast.

• Nettensor (NAO-USD): Offers NetCloud service, poised for AI infrastructure demand.

• Banano (BAN-USD): Users contribute computing power for healthcare tokens.

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Binance CEO Calls on Nigeria to Release Detained Executive; Galaxis Raises $10M Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Binance CEO Richard Teng called on the Nigerian government to release Tigran Gambaryan, who flew to the country in February for talks on regulatory supervision. Plus, a research report from KBW says Robinhood would likely win a court case with the SEC given its conservative approach to digital asset listings. And, Singapore-based Web3 platform Galaxis raised $10 million ahead of its token launch.
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Here’s When Bitcoin (BTC) Price Will Skyrocket to $1 Million, According to Jack Dorsey In a May 9 interview with journalist Mike Solana on Pirate Wires, Twitter co-founder Jack Dorsey shared his bullish view of the future price action of Bitcoin. Dorsey told Solana that he believes the cryptocurrency could soar to “at least $1 million” by 2030, stating that there is a high probability it “hits that number and goes beyond.” Dorsey highlighted that beyond bitcoin’s price, the most captivating aspect lies in its collaborative ecosystem, where individuals are incentivized to contribute towards its improvement. He emphasized that anyone involved in BTC, whether through work, payment, or investment, enhances the overall network, thereby driving its value higher. According to him, this dynamic makes BTC more than just a financial asset; it represents a compelling ecosystem and movement that has provided valuable lessons.
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JP Morgan, Wells Fargo latest major banks to disclose Bitcoin exposure via ETFs JP Morgan and Wells Fargo are the latest major global banks to disclose exposure to Bitcoin via some of the spot BTC exchange-traded funds launched in January. The two lenders filed their 13F disclosures on May 10, revealing a modest investment in the Bitcoin ETFs. JP Morgan disclosed $731,246 of spot Bitcoin ETF investments in BlackRock’s IBIT, Bitwise’s BITB, Fidelity’s FBTC, and Grayscale’s GBTC. The majority of the amount — $477,425 — was invested in IBIT. Meanwhile, Wells Fargo reported a $141,817 investment in Grayscale’s GBTC during the first quarter. Earlier disclosures have revealed that both BNP Paribas and BNY Mellon have also invested amounts into the Bitcoin ETFs, signaling a growing trend among traditional financial institutions despite the modest exposures. Furthermore, other major banks, including Morgan Stanley and UBS, have indicated an intent to allow clients to invest in spot Bitcoin ETFs. However, the two lenders have yet to disclose direct exposure to Bitcoin as of press time.
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Sam Bankman-Fried says rice is ‘one of the currencies of the realm’ behind bars Sam Bankman-Fried has swapped crypto for a new kind of currency behind bars: bags of rice. The disgraced FTX founder has been jailed at Brooklyn’s Metropolitan Detention Center as he waits to be transferred to a federal prison to serve a 25-year sentence. Bankman-Fried was convicted for wire fraud, money laundering and conspiracy last year.
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Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom Bitcoin was lower by 2.5% to $61,500 late Wednesday, with solana and bitcoin cash each down more than 7%. Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could further delay any meaningful recovery. "A rapid succession of nearly $2 billion of token unlocks during the next ten weeks could lower the market for altcoins," crypto analytics firm 10x Research noted in a Wednesday report. Large token unlocks in crypto are usually bearish events, increasing supply by distributing assets that were previously locked up in vesting contracts to team members, organizations and early investors including venture capital firms. #tinytick
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