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OroCryptoTrends
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In May, on-chain transactions for Bitcoin and Ethereum saw a 4.4% decline, totaling $390 billion, as reported by Odaily using data from The Block Pro. Bitcoin's transactions dropped by 4.7%, and Ethereum's decreased by 3.9%. Additionally, stablecoin transactions fell by 20.5% to $879 billion during the same period. The overall supply of stablecoins increased slightly by 0.5%, reaching $141.9 billion. USDT's market share rose to 78.8%, while USDC's market share experienced a small dip to 17.1%. #Megadrop #MtGox #StartInvestingInCrypto #ETHETFsApproved $BTC $ETH

In May, on-chain transactions for Bitcoin and Ethereum saw a 4.4% decline, totaling $390 billion, as reported by Odaily using data from The Block Pro.

Bitcoin's transactions dropped by 4.7%, and Ethereum's decreased by 3.9%.

Additionally, stablecoin transactions fell by 20.5% to $879 billion during the same period.

The overall supply of stablecoins increased slightly by 0.5%, reaching $141.9 billion. USDT's market share rose to 78.8%, while USDC's market share experienced a small dip to 17.1%.

#Megadrop #MtGox #StartInvestingInCrypto #ETHETFsApproved $BTC $ETH

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### Key Analyst Actions: Bank of Montreal and National Bank of Canada
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**US Banking Lobby's Last-Minute Effort to Prevent Biden's Veto on SAB 121 Overturn** In a last-minute effort, the American Bankers Association (ABA), the largest lobbying group for the U.S. banking sector, attempted to persuade President Joe Biden to reconsider his veto of the Congressional resolution to repeal Staff Accounting Bulletin (SAB) 121. The veto took place on May 31, just hours after the ABA's appeal. In their letter dated May 31, the ABA argued that preventing regulated banks from providing digital asset safeguarding services at scale would harm investors, customers, and the financial system. The ABA emphasized that SAB 121 marks a significant shift from traditional accounting practices for custodial assets, posing a threat to the banking industry's ability to offer secure custody of digital assets. Despite both the House of Representatives and the Senate voting to repeal SAB 121, President Biden used his veto power to uphold the SEC's guidelines. The ABA warned that limiting banks' capacity to provide these services leaves customers with fewer trusted and well-regulated options, thereby increasing their risk exposure.#Megadrop #StartInvestingInCrypto #MtGox $BTC #sec
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$NOT 📈 NOTCOIN on the Rise: Could It Reach $0.04 Next Week? 📈 Currently priced at $0.02077, Notcoin has been showing a promising upward trend. To hit the $0.04 mark, its value would need to more than double. Given its recent performance, this seems within reach if the momentum continues. Despite significant fluctuations in the trading chart, the overall trend is positive, boosting investor confidence. If market sentiment stays positive and the adoption of $NOT increases, reaching $0.04 could be on the horizon soon. 🤯 Notcoin has shown impressive growth potential in the volatile world of cryptocurrency. As its popularity grows and it finds applications in sectors like gaming and DeFi, hitting $0.04 becomes more likely. 🚀 However, investors should stay informed and keep a close watch on market developments to seize potential growth opportunities. In conclusion, while the cryptocurrency market is inherently unpredictable, Notcoin’s upward trajectory and growing adoption make it a strong contender for reaching $0.04. 🔥 Do you think Notcoin will hit $0.04 this bull run? ❓ #NotcoinNews #StartInvestingInCrypto #Megadrop #NOTUSDT🚨 $BTC
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### Nigeria Leads in Bitcoin Interest, Followed by El Salvador According to Odaily, Google Trends data indicates that Nigeria shows the highest interest in Bitcoin, with El Salvador coming in second. Regions with lower security, limited banking access, and a larger millennial population are more inclined to adopt Bitcoin as a reliable store of value and an easy payment method. Recently, the Nigerian government has been addressing economic challenges to prevent currency collapse. In May 2024, they began preparing new regulations to prohibit peer-to-peer (P2P) transactions between the national currency and cryptocurrencies.#StartInvestingInCrypto #Megadrop #MtGox #altcoins #bitcoin $ETH $BTC $BNB
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#Megadrop #MtGox #StartInvestingInCrypto #OroCryptoTrends The SEC's recent approval of Ethereum exchange-traded funds (ETFs) is poised to significantly impact the cryptocurrency market. VanEck CEO Jan van Eck, speaking to CNBC’s “ETF Edge,” highlighted the approval as a monumental development in securities regulation. VanEck, the first to apply for an Ethereum ETF, can now move forward with launching the product, though the timeline remains uncertain. Van Eck noted that the SEC faced the risk of losing its regulatory grip on digital assets, which spurred the approval of the Ethereum ETF. He believes this marks the start of broader regulatory clarity and growing investor interest in crypto. The Financial Innovation and Technology for the 21st Century Act (FIT21), passed by the House on May 8, also contributes to this regulatory progress, although it may not reach the Senate before the election. Following the SEC's approval on May 23, Ether saw a brief spike but has since remained relatively stable. VanEck emphasized that Ethereum is considered a decentralized commodity rather than a security, signaling a significant shift in the crypto investment landscape. $BTC $ETH
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