#SpaceCatch is a new mobile game that supports new and popular technologies such as augmented reality, geolocation, artificial intelligence, blockchain, and NFTs. Our game is developed by the professional studio Pixelfield, which has globally recognized products and collaborations with leading companies and brands in its portfolio.
The game itself operates fully off-chain and is indistinguishable from classic mobile games. This allows us to target essentially the entire gaming industry and we are not dependent on current cryptocurrency trends.
SpaceCatch has a space theme, where Earth is invaded by aliens. The players’ task is to fight against them, capture them, complete various tasks and campaigns. The game prides itself on quality, and thanks to the use of advanced technologies, it offers players a new, unique gaming experience with Web3 elements.

Your motto is "product first," which is often not seen in the cryptocurrency space, especially in gaming projects. What led and motivated you to take this step?
In the gaming space, we see huge potential. We were even more disappointed that gaming projects in the Web3 space use cryptocurrencies only as a tool to lure money from investors.
The bare fact is that the vast majority of gaming projects never deliver their product (game), although they have collected millions of USD from investors and players through their token and NFT.
Therefore, we decided to show the GameFi sector what it should look like if the potential of blockchain and NFT in the gaming industry is fully utilized. Our game development has been ongoing for a year and a half, with a team of 30 professionals working on it. We are proud to announce that we are launching the public beta version of SpaceCatch on May 22nd. This comes approximately at the time when our $CATCH token and gaming NFTs also entered circulation.
Investors and players have a unique opportunity to try out the final product of our game firsthand instead of empty promises and plans.

How have you implemented the play-to-earn and move-to-earn concepts?
The Web3 element in the game is implemented using well-known concepts of move-to-earn and play-to-earn. These concepts have so far been used by gaming projects only as a cover for rewards in their inflationary token, while these concepts did not actually create any added value.
Therefore, we spent more than a year on detailed development and are the first to bring fully sustainable mechanics for these concepts. For example, move-to-earn works on the basis of crafting. Players obtain resources through their physical activity, which they can use to create various NFT boosters and potions.
In traditional games, the game itself is the sole owner and seller of premium items. In our case, the sale of these bonus items is based on p2p. After use, these items are destroyed, ensuring deflation and sustainability.

There are currently many gaming projects being developed. Why should investors and players choose SpaceCatch?
We have already outlined this in previous answers. We are creating a completely new game concept focusing on Web2 and Web3. We have a finished product, real results, and sustainable concepts based on real revenue and not inflation of our token or NFT. The key features of our game are sustainability, a finished product, quality, and experience.
Moreover, the gaming experience is paramount, which is reflected in the quality of the game and the gaming options. SpaceCatch is labeled as the “Pokémon Go killer.”

How is SpaceCatch better than Pokémon GO?
Pokémon GO experienced a huge boom a few years ago, achieving annual revenues in the hundreds of millions of dollars. Thanks to detailed research and communication with players, we were able to identify key flaws, which we not only eliminated in SpaceCatch but also added many more elements that players in this type of game require.
As a result, SpaceCatch offers players a higher quality gaming experience with expanded options. The cherry on top is of course the implemented Web3 open economy, which allows players to profit through playing the game.

Your $CATCH token has a unique design and tokenomics compared to other GameFi projects. Why did you decide to go this new, unknown route?
Basically, all gaming projects have their own game token, which serves as a carrier of “rewards” for playing the game. In reality, however, no added value is created and these rewards are just disguised inflation. In practice, this means that these tokens are doomed to demise and fall to zero.
On the other hand, our $CATCH token does not serve as an ingame reward token, and we are probably the only GameFi project set up this way. We could afford this because we have a sophisticated revenue mechanism of real game revenues through microtransactions and other aspects, and we do not have to offer rewards to players in the form of disguised inflation.
On the other hand, the $CATCH token will be a key element for many actions in the game and behaves like a premium currency in the game. This creates a huge imbalance and practically eliminates any selling pressure.
In the future, the $CATCH token will become deflationary, as we will buy back and burn tokens from the real revenues of the game.

What is your target group?
Since our game has a wide range and impacts both Web2 and Web3 sectors, our target group consists of players from childhood age to adults, and thanks to the number of passive earning opportunities, SpaceCatch is also an attractive tool for investors through the $CATCH token or NFTs.

What would you say to players and investors?
The GameFi sector presents great investment opportunities for investors. Besides, players can also profit from playing the game. We at SpaceCatch are proud to have developed such a functional concept and implemented it into the mobile game SpaceCatch.
SpaceCatch has all the attributes to start a new wave of truly quality gaming projects for the first time in history.

#GameFi #web3 #interview

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The blockchain industry has evolved so much that it seems we can’t keep up with it, even though the updates were developed by us, too. Although it might seem scary, it is amazing how this industry launches and leverages new and advanced technologies to build truly valuable products.
Besides cryptocurrencies, crypto exchanges, lending platforms, and many other types of projects, blockchain technology can also contribute to a sector that so many of us enjoy – gaming. In fact, it is already contributing, considering that there are plenty of crypto games out there.
And while there are so many games out there already making users’ lives better, some of them are among the best crypto projects that have been developed.
In this article, we will talk about 5 of them. But first, what is a blockchain-based game, after all?
What Is a Blockchain Game?
At first glance, a blockchain game looks pretty similar to regular games. You play it, win battles and races, or just take care of a farm, a pet, or any other gaming-related activity. Most of the magic happens behind what you are able to see in the game.
Basically, blockchain games are video games built by leveraging a blockchain. So, they function on a P2P network and “borrow” the advantages a blockchain provides, such as security, transparency, privacy, and the ability to reward users with crypto.
Each blockchain game has a native token that can be offered to users according to their in-game activity. Furthermore, in a crypto game, users may receive digital collectibles in the form of NFTs (Non-Fungible Tokens).
For instance, imagine that Talking Tom was a crypto game. So, you would receive NFTs representing new clothes, food, or other things Tom might need. You can choose to use those NFTs for your Tom or sell them in the Talking Tom marketplace in exchange for TTOM tokens.
Top 5 Blockchain Games in 2023
1. SpaceCatch
Although it was recently developed, #SpaceCatch  has the potential to become one of the top #blockchain games in the world. Thanks to its features, detailed graphics, and surprising gameplay, SpaceCatch can gather millions of users around its concept.
SpaceCatch welcomes users to a world where aliens invaded Earth after conquering many other planets and even galaxies in the universe. Players are called “catchers” and have the mission to find and fight the aliens in order to restore peace on our planet.
SpaceCatch is a P2E (Play-to-Earn) and M2E (Move-to-Earn) game that encourages users to win various prizes by performing simple activities.
First, the P2E mode challenges you to fight the aliens to make them leave Earth. You can improve your characters by adding various powers that you receive as NFTs in the M2E mode. So, the more you walk, run, or jog, the more NFTs you will receive.
Furthermore, you can also interact with #CATCH , which is the native token of the SpaceCatch crypto project.
Presale is live and according to the announcement, SpaceCatch managed to raise $600,000 during the first stage of the presale, with a final goal of $2,200,000. At the moment of writing, $864,433 was raised, with the 2nd public round being active.
2. Axie Infinity
Axie Infinity is one of the most popular play-to-earn games on the market. It was built on Ethereum, which is also one of the biggest networks. The main characters of the game are called Axies and look similar to those in Pokémon.
Players can build teams of Axies to compete against other users in 2 game modes: Arena and Adventure. Each Axie is basically an NFT that has unique traits, skills, and levels of rarity. Some Axies are so rare that they are sold for tremendous amounts of crypto. For instance, Sir Gregory (Axie $2655) was sold for 369 ETH on July 4, 2021 (approximately $856.788 at the time).
Axie Infinity offers users 2 types of tokens: AXS (Axie Infinity Token) and SLP (Smooth Love Potion). AXS is offered as a reward for users who reach the PVP leaderboard, while SLP can be received for winning battles in both game modes. If you want to breed an Axie, you need at least 2 Axies and both AXS and SLP tokens.
3. The Sandbox
The Sandbox is a crypto game that allows users to create and share characters, 3D metaverse worlds, and games in a universe that easily reminds us of Minecraft. With over 4.5 million registered users, The Sandbox seems to have stolen the hearts of many blockchain enthusiasts.
The native token of The Sandbox is SAND, and users need to hold it in order to trade the lands they build or want. The trades can be conducted in the in-game marketplace. Keep in mind that there is a limited supply of “lands” (166,464), so this can affect the prices of various game assets.
In The Sandbox universe, users can complete various tasks to earn rewards. Furthermore, if they want even more digital assets, they can focus on building and improving lands. It is all about imagination and how much you want to win out of playing a blockchain-based game.
4. Decentraland
Decentraland is another promising crypto game, being a user-owned 3D game built on Ethereum. The magic about Decentraland is that it combines VR (Virtual Reality) and AR (Augmented Reality).
Decentraland welcomes players to a world where they can play plenty of games, exchange collectibles, trade digital wearables or real estate, and simply interact with the entire game community. Besides, if you want to make the best out of this game, you can also join various special events.
In the Decentraland world, there are 3 cryptocurrencies: MANA, LAND, and ESTATE. MANA is an ERC-20 token and is basically the native token of the game. LAND and ESTATE, on the other hand, are ERC-271 tokens, meaning that they are NFTs.
5. Faraland
If you are intrigued by war games, Faraland may be the right game for you. It is a blockchain game built on Binance Smart Chain and launched by Moon Knight Labs in April 2021. In Faraland, you can use NFT warriors to beat your opponents.
Faraland is defined as a role-playing strategy war game, and it surprises users with many activities they can conduct in the game. In the Faraland world, there are multiple classes: Orcs, Angels, Elves, Fairies, Demons, and Humans. Each one has different skills and can help you in different ways while in a battle.
#crypto2023 #Binance
In Conclusion
If you like to play a game every now and then, you definitely have to try out blockchain-based games. They are truly intriguing and can help you earn some crypto or other types of digital assets. Basically, you earn while having fun.
Some of the most popular blockchain games include SpaceCatch, Axie Infinity, Faraland, Decentraland, and The Sandbox.

The Shiba Inu (SHIB) cryptocurrency has shown promising trends as it emerges from a symmetrical triangle pattern. This analysis delves into the recent decisive breakout, the influence of Ethereum's ETF news on the altcoin market, and the potential future movements in SHIB's price.
Recent Market Trends
On Wednesday, the cryptocurrency market experienced a slight downturn, leading to a 1-2% decline in major digital assets like Bitcoin and Ethereum. Following substantial growth earlier in the week, the market appears to be stabilizing, likely to gather momentum for another bullish run. Amidst this backdrop, Shiba Inu, along with other major altcoins, exhibited a bearish trend, presenting a potential dip entry for traders on the sidelines.
Symmetrical Triangle Pattern and Breakout
For the past seven weeks, Shiba Inu has been trading within a symmetrical triangle pattern. This pattern featured two converging trendlines acting as dynamic resistance and support, gradually narrowing SHIB's price range. The compressed trading range culminated in a decisive breakout from the pattern’s upper trendline on May 15th. This breakout marked the end of the correction trend, offering buyers a solid foundation to support a higher rally.
Impact of Ethereum ETF News
The recent surge in Ethereum, driven by developments around a potential spot ETH ETF, sparked renewed buying momentum in the altcoin market. This wave of enthusiasm helped SHIB reach a four-week high of $0.0000268 on May 22nd.
Current Pullback and Future Projections
Despite the recent high, SHIB faced a minor pullback, showing a 3% intraday loss to $0.00002534. If the bearish momentum continues, SHIB could decline another 4.9%, potentially retesting the support trendline of the symmetrical triangle pattern.
However, this dynamic support could reinvigorate bullish momentum, setting the stage for Shiba Inu to aim for a target of $0.000028, followed by a potential climb to $0.000032.
Conclusion
The Shiba Inu coin is currently navigating a critical phase. While recent market corrections have presented challenges, the decisive breakout from the symmetrical triangle pattern and renewed market interest suggest potential for further gains. Traders and investors should watch for key support levels and market reactions to Ethereum's ETF developments, as these factors will significantly influence SHIB's price trajectory. If bullish momentum is sustained, SHIB could indeed reach the $0.00003 mark by the end of May.
$SHIB #SHIB #Shibarium

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Ethereum co-founder Jeffrey Wilcke has made significant moves during the recent Ethereum price rally, depositing 10,000 ETH to Kraken among a total of over 24,000 deposits since the beginning of 2024. Despite these large transactions, the ETH price has remained stable.
Recent ETH Price Rally
Earlier this week, Ethereum's native cryptocurrency, ETH, experienced a substantial price surge, increasing by 30% to surpass $3,800. This rally was primarily driven by optimism surrounding the potential approval of a spot Ethereum ETF by the U.S. Securities and Exchange Commission (SEC).
Jeffrey Wilcke's Cash Out
On-chain data indicates that Jeffrey Wilcke has been cashing out during this rally. According to SpotonChain, Wilcke deposited 10,000 ETH (worth approximately $37.38 million) to Kraken at a rate of $3,738 per ETH just two hours prior. This activity highlights his strategy of partially cashing out his ETH holdings amid the current price increase.
Since the start of 2024, Wilcke has deposited a total of 24,300 ETH to Kraken, amounting to around $75.52 million at an average rate of $3,108 per ETH. Notably, his most recent deposit occurred before the significant surge in Ethereum’s price. Despite these transactions, Wilcke still holds 126,000 ETH, valued at approximately $473 million.
Spot Ether ETF Developments
In the broader market, several Ethereum ETF issuers updated their 19b-4 filings on Wednesday. The US SEC is expected to decide on the VanEck Ethereum ETF application soon. While major players like Standard Chartered have predicted that the Ether ETF approval could come this week, some market analysts believe the first spot Ether ETF might be approved by late July or early August.
Retail vs. Whale Participation
Interestingly, the recent ETH price rally appears to be largely driven by retail investors. Ethereum whales have not yet actively participated, likely observing the market developments related to the Ether ETFs from the sidelines.
Conclusion
Jeffrey Wilcke’s recent ETH transactions and the ongoing speculation about spot Ether ETFs have created a buzz in the cryptocurrency market. As the SEC's decision on the Ethereum ETF looms, all eyes are on how these factors will influence Ethereum’s price and market dynamics. For now, the participation of retail investors seems to be steering the ETH price rally, with major players waiting for more concrete developments.
$ETH #ETH #Ethereum

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In a recent development in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), pro-XRP lawyer Bill Morgan emphasized the significance of Judge Torres' ruling that XRP is not a security. This ruling has had a notable impact on the FIT 21 bill, which aims to provide regulatory clarity for digital assets.
Judge Torres’ Ruling and Its Impact on FIT 21
The FIT 21 bill, a landmark bipartisan crypto bill, recently passed a vote in the U.S. House of Representatives. This bill represents a significant step towards establishing a clear regulatory framework for digital assets. In the midst of this, Bill Morgan highlighted the influence of Judge Torres' ruling on the bill. He shared an image on the X platform, noting, "The Torres influence on FIT21. XRP is not itself a security."
This statement refers to a key section of the bill which states: "A digital asset sold or transferred pursuant to an investment contract is not and does not become a security as a result of being sold or otherwise transferred pursuant to that investment contract." This aligns directly with Judge Torres' summary judgment in the Ripple vs. SEC lawsuit, where she concluded that while XRP itself is not a security, its sale or offer to institutions could be classified as such. This distinction has been crucial in shaping the regulatory conversation around digital assets.
Ripple Lawsuit: Legal Strategy and Community Support
The Ripple community, including legal experts and advocates, has played a vital role in advocating for crypto regulation and clarity. CryptoLaw, founded by the Deaton Law Firm, has credited the Ripple vs. SEC lawsuit and the efforts of the XRP community with influencing the creation of the FIT 21 bill.
A recent report from CryptoLaw highlighted that Judge Torres' decision and the persistent advocacy from the XRP community were essential in drafting the bill’s provisions. Specifically, the section clarifying the treatment of digital assets sold pursuant to an investment contract reflects the legal arguments and conclusions from the Ripple case.
Addressing Concerns and Clarifying Misconceptions
In another post, Bill Morgan addressed concerns regarding the FIT 21 bill, particularly its non-retrospective nature. He clarified that the court’s decision, which found that XRP is not a security, remains unchallenged by the SEC and will not be affected by the new legislation. Morgan’s comments were in response to a post suggesting that under FIT 21, XRP would not be considered decentralized. He emphasized that the bill, recently passed by the US House, will not alter the court’s existing rulings regarding XRP’s legal status.
Conclusion
Bill Morgan's recent comments have intensified discussions surrounding the Ripple lawsuit and its broader implications for the crypto industry. Judge Torres' ruling has not only influenced the ongoing legal battle but has also played a crucial role in shaping new regulatory frameworks like the FIT 21 bill. As the Ripple community continues to advocate for clarity and fairness in digital asset regulation, the impact of this landmark case will likely be felt for years to come.
$XRP #XRP #Ripple

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Hong Kong's Ether ETFs have experienced a record-breaking surge in daily inflows, likely driven by anticipation of the US SEC's potential approval of similar products. This growing institutional interest has resulted in a significant spike in trade volumes.
Record Inflows for Hong Kong Ether ETFs
The spot Ether exchange-traded funds (ETFs) managed by ChinaAMC saw a substantial increase in daily inflows, surpassing HK$5 million (US$640,780) by mid-day Wednesday. This follows an impressive inflow of HK$3.77 million on Tuesday, marking the largest since the ETF’s launch. The uptick in investment activity comes as investors speculate on potential US approval of similar products. The Tuesday net inflows alone reached HK$3.77 million, showcasing heightened investor interest.
Surge in Crypto ETF Investments in Hong Kong
Hong Kong’s Ether ETFs have recorded their highest daily inflow since their inception, signifying a pivotal moment in the region’s evolving crypto market. On Monday, May 20, Hong Kong’s Bitcoin ETFs also reported positive inflows totaling $6.62 million. These Bitcoin ETFs now hold 3,660 Bitcoins after just 13 days of trading, with total net assets reaching approximately $246 million and a total value traded of $2.78 million.
The spot Bitcoin ETF inflows were led by Bosera & HashKey with $6.29 million (95 BTC), followed by China AMC with $7.09k (0.11 BTC), and Harvest with $321k (4.85 BTC). This notable surge underscores the increasing institutional interest and confidence in Bitcoin ETFs within Hong Kong’s financial markets.
Despite this growth, the turnover of Hong Kong’s spot crypto ETFs has been relatively low on most days since their launch. Compared to the US, where spot Bitcoin ETFs were approved in January and enjoy much higher trading volumes, Hong Kong’s market remains modest. While ETFs are seen as crucial for attracting mainstream investors to volatile virtual assets and potentially boosting prices, the initial impact of Hong Kong’s ETF launches on the global cryptocurrency market has been “muted.” Analysts note that Hong Kong’s ETF market is significantly smaller than that of the US.
Anticipation of US SEC’s ETH Approval and Market Impact
Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart recently raised the estimated probability of the SEC approving Ether ETFs from 25% to 75%, indicating a potential shift in the regulatory body’s stance. This development has sparked considerable interest and optimism within the market.
Currently, the price of Ethereum (ETH) stands at $3,748.40, with a 24-hour trading volume of $31.7 billion. This marks a 2.42% price increase over the past 24 hours and a substantial 29.16% increase over the past week. With a circulating supply of 120 million ETH, Ethereum’s market cap has reached $450.3 billion.
The SEC is expected to make a decision on at least one of the Ether ETF applications by May 23. This decision is highly anticipated as it could significantly influence market dynamics and investor sentiment towards Ether ETFs, not only in the US but globally.
$ETH #ETH #Ethereum

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In a remarkable display of market activity, Bitcoin (BTC) whales accumulated a staggering $636 million worth of BTC on Tuesday, May 21. This surge in whale activity coincided with Bitcoin's price rally beyond $71,500, driven by growing optimism about BTC's future trajectory.
Bitcoin Whales Accumulate Massive BTC Stash
Thomas Fahrer, co-founder of Apollo, a Bitcoin insights provider, highlighted this development in a post on X. According to Fahrer, the latest surge in whale buying amounted to 8,958 BTC in a single day. Over the past seven days, whales have added a total of 12,058 BTC to their holdings, amounting to a hefty $840.32 million based on Bitcoin's current market price. This frenzy of accumulation appears to be driven by Fear of Missing Out (FOMO) as traders and investors scramble to secure their positions amid Bitcoin’s volatile price movements.
Despite the substantial whale activity, Bitcoin's price saw a correction, dipping to the $69,000 level. This decline has raised questions about the short-term trajectory of the oldest cryptocurrency.
Optimism Remains Despite Setback
Analysts remain optimistic about Bitcoin’s price trajectory, citing technical indicators and robust inflows into spot Bitcoin ETFs. On Tuesday, Bitcoin ETFs registered a phenomenal influx of $305.7 million, with BlackRock’s IBIT leading the charge. A significant portion of whale purchases comes from these ETFs, launched in January 2024. Analysts believe that further positive flows could help Bitcoin achieve new highs.
Will BTC Price Rebound?
Bitcoin’s price dropped to the $69,000 level but rebounded past $70,000, despite remaining in the red. As of Wednesday, May 22, BTC was down by 1.10%, trading at $70,098.61. The cryptocurrency boasts a market valuation of $1.38 trillion, although trading volume plummeted by 25.44% to $39.72 billion.
Ali Martinez, a prominent crypto analyst, offered insights into the situation. In a post on X, Martinez emphasized the significance of the TD Sequential, a technical analysis indicator known for predicting market turning points. "The TD Sequential has accurately predicted #Bitcoin price action on the one-hour chart. Now, it presents a buy signal, anticipating $BTC will rebound!" Martinez’s analysis suggests that despite the recent dip, Bitcoin could be poised for a rebound based on this buy signal. The TD Sequential indicator is popular among traders for identifying potential trend reversals and price movements, and a buy signal often boosts market confidence, potentially driving prices higher.
In conclusion, while Bitcoin whales' recent activity and the potential rebound offer exciting prospects, the market will be closely watching to see if Bitcoin can sustain its upward trajectory and achieve new highs.
$BTC #BTC #Bitcoin

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Pepe Coin (PEPE) has garnered significant attention in the crypto world due to its continuous milestones and impressive profitability. Launched just a year ago, PEPE has become a standout meme coin, continuously reaching new heights and offering substantial profits to its investors. However, other meme coins with similar potential and profitability tendencies are also worth considering. In this article, we explore three PEPE alternatives that could provide major gains in 2024.
Must-Buy PEPE Alternatives
PEPE has spotlighted the potential of meme coins, showing how low-priced cryptocurrencies can yield significant profits. Here are three meme coins that offer similar features and opportunities:
1. BONK
BONK is a highly preferred alternative to PEPE, primarily due to the remarkable similarities in their trading trajectories. As a Solana-based meme coin, BONK has experienced significant gains and popularity among investors. Currently trading at $0.00003198 after a 33% gain this week, BONK rose to its all-time high of $0.00004704 in March, just 32% away from its current value. Analysts predict BONK could rise as high as $0.0001 as the market reaches its peak, making it a promising investment.
$BONK #BONK

2. MemeAI
MemeAI has quickly gained traction in the crypto market, making it a viable PEPE alternative. Despite being relatively new, MemeAI has surged in popularity, drawing the attention of investors. Trading at $0.005868 after a 55% surge in the last 24 hours, Meme AI reached a high of $0.03688 in March before a brief decline. The coin is currently in a recovery phase, showing a price pattern similar to PEPE. Due to its market demand, MemeAI has the potential to reach much higher values.
#MemeAI
3. dogwifhat
Dogwifhat is another noteworthy cryptocurrency that has maintained consistent gains and demand since its inception. Currently trading at $2.86 after a 3% increase in the last 24 hours, dogwifhat created significant hype around Solana meme coins with its continuous gains, offering 100x profits for its investors. It peaked at $4.85, demonstrating its potential for high returns. Crypto analysts believe that dogwifhat could easily hit the $10 mark, making it an attractive option for investors.
$WIF #dogwifhat

Final Thought
Meme coins present excellent investment opportunities for both beginners and experienced investors, suitable for short-term and long-term gains. Their potential was evident during recent market corrections when most cryptocurrencies declined, but meme coins like PEPE continued to rise. This resilience makes PEPE and its alternatives compelling options for those looking to capitalize on profitable growth in the crypto market.
SpaceCatch Token: $CATCH
In addition to the promising PEPE alternatives, another emerging token worth considering is SpaceCatch's $CATCH.
What is SpaceCatch?
SpaceCatch is a new entrant in the crypto space, aiming to revolutionize the way users engage with digital assets. The $CATCH token is designed to be an integral part of the SpaceCatch ecosystem, which includes various features like staking, rewards, and unique NFT integration.
Potential of $CATCH
$CATCH has shown considerable potential since its launch. With a strategic roadmap that includes upcoming partnerships, technological advancements, and community-driven growth initiatives, SpaceCatch is poised to become a significant player in the crypto market.
Current Market Performance
Currently, $CATCH is trading at a competitive price point, attracting both new and seasoned investors. Its innovative approach and robust community support indicate a promising future, with the potential for substantial returns as the project develops.
Why Consider $CATCH?
Innovative Ecosystem: SpaceCatch offers a unique blend of staking, rewards, and NFTs, providing multiple avenues for users to engage and earn.Strong Community: The growing community around SpaceCatch is a testament to its potential and the trust it has garnered in a short period.Future Growth: With upcoming developments and strategic partnerships, $CATCH is positioned for significant growth, making it a compelling investment option.
Final Thought on $CATCH
As the crypto market evolves, tokens like $CATCH offer fresh opportunities for investors looking to diversify their portfolios. The SpaceCatch ecosystem's innovative features and growth potential make $CATCH a token to watch in 2024.
In conclusion, while PEPE remains a strong contender in the meme coin market, alternatives like BONK, Meme AI, dogwifhat, and the innovative SpaceCatch token $CATCH provide exciting opportunities for significant gains in the coming year.
#SpaceCatch

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The recent Ethereum (ETH) price rally has been significant, but it has not yet attracted the participation of large Ethereum whales. This lack of involvement from major players suggests that there could be further upside potential for ETH, possibly pushing the price past $4,000.
Ethereum Whale Participation Pending
Amid ongoing developments surrounding the potential approval of a spot Ethereum ETF, the price of Ethereum has surged more than 30% in the last two days, climbing above $3,800. According to on-chain data, this is the most bullish sentiment observed in the Ethereum market since September 2023.
On-chain data provider Santiment reports that the number of small Ethereum wallets (holding 10 or fewer ETH) has reached an all-time high of 121.74 million. In contrast, "smart money" wallets (holding between 10 and 10,000 ETH) have decreased by 5.8% over the past year, while large whale wallets (holding over 10,000 ETH) have declined by 10.6%. This indicates that big players have yet to join the current market rally. Their eventual participation could potentially drive the ETH price above $4,000, targeting new all-time highs.
Drivers of the Ethereum Price Rally
The recent price rally in Ethereum is primarily driven by the anticipation of an Ethereum ETF approval and significant spot buying activity on Coinbase. While some major players, such as Standard Chartered, expect the approval to come within the week, other market analysts believe it could take a few more weeks.
ETH Price Action Ahead
As of press time, Ethereum is trading at $3,758, with a market cap of $452 billion. The price is approaching a high-time-frame resistance zone between $3,850 and $4,050. Despite higher demand for Bitcoin following the ETF news, its price dropped, as noted by popular analyst CryptoAceBull.
While the approval of an Ethereum ETF would be a long-term positive development, potentially driving ETH to $12,000 within a year or two, short-term predictions indicate a possible rejection at the current resistance zone, with a potential test at $3,600. Consolidation around $3,900-$4,000 could pave the way for ETH to reach new all-time highs.
Additionally, the ETH/BTC pair is nearing its previous consolidation level. If it holds above 0.055, altcoins could perform well in the short term. However, a rejection at this level could trigger a short-term downtrend for altcoins. Analysts predict that the ETH/BTC pair will bottom out in Q2, potentially leading to a significant move in Q3 and Q4.
Ethereum co-founder Joe Lubin, who also founded the crypto infrastructure firm ConsenSys, stated that the approval of a spot Ether ETF could lead to a "floodgate" of demand for Ethereum. “There’s going to be a pretty large amount of natural, pent-up pressure to purchase Ether through the ETFs,” Lubin said while speaking to DLNews.
In summary, while Ethereum whales have yet to join the current rally, their potential participation could drive ETH prices higher, especially with the anticipated approval of an Ethereum ETF. The market remains optimistic, with the potential for significant price movements in the coming months.
$ETH #Ethereum #ETH

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In the last 24 hours, the Shiba Inu (SHIB) coin burn rate skyrocketed nearly 570% through four significant transactions, sparking optimism about the possibility of reaching the $0.0001 milestone. The popular meme coin has once again captured the crypto community's attention with these latest developments.
Shiba Inu Coin Burn Rate Spikes Drastically
According to Shibburn, a tracker for Shiba Inu token burns, the burn rate for the meme coin surged nearly 570% on Wednesday, May 22. This substantial increase has reduced Shiba Inu’s market supply, which could positively impact its tokenomics moving forward. In the past 24 hours alone, the burn rate increased by 569.50%, with a total of 12.70 million SHIB tokens being incinerated in several transactions by the community. Four specific wallet addresses were pivotal in this spike.
Notably, the wallet address 0xa9d1… was responsible for transferring 4.6 million SHIB to a dead wallet through two significant transactions. Another wallet, 0x608…, moved 1.01 million SHIB to a dead wallet in the same period. Additionally, the community wallet 0xc66… contributed 1.04 million SHIB tokens to the burn rate. These substantial transactions have collectively reduced the total SHIB supply, now standing at a massive 410.72 trillion.
The reduction in supply is seen as a potential catalyst for increasing the value of SHIB. Lower supply with steady or increased demand typically leads to price appreciation for any asset, including cryptocurrencies. This development has generated optimism within the Shiba Inu community, with traders and investors closely monitoring the coin’s progress.
Will SHIB Surge to $0.0001?
The Shiba Inu price has recently managed to break out from the $0.000025 resistance level. As of the time of writing, the SHIB price was up by 1.39% to $0.00002562 on Wednesday, with a market cap of $15.11 billion. Additionally, the 24-hour trading volume for SHIB spiked by 33.58% to $1.17 billion.
According to Coingape, if SHIB continues to trade above this critical resistance level, it could surge to $0.00003 or even $0.00005. In the long term, a rally to $0.0001 could be possible if the bullish momentum sustains.
Amid this positive sentiment, the SHIB futures open interest also increased by 9.24% to $90.77 million, according to Coinglass. However, long positions dominated liquidations with $471,170 liquidated, potentially pushing the SHIB price into the red. Conversely, shorts accounted for nearly half of these liquidations, making their impact less significant.
As the Shiba Inu community remains optimistic, the market will be closely watching to see if SHIB can maintain its upward trajectory and possibly reach the coveted $0.0001 mark.
$SHIB #Shibarium #SHIB

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Gala Games CEO Eric Schiermeyer has confirmed that a "security incident" led to the unauthorized sale of 600 million GALA tokens, worth approximately $23 million. The breach, which Schiermeyer attributed to "messed up" internal controls, has raised significant concerns within the blockchain gaming community.
Incident Overview
On May 20, at 7:32 pm UTC, blockchain observers reported the minting of 5 billion GALA tokens, valued at around $200 million at the time. The compromised wallet was selling the tokens in batches, leading to a sharp drop in GALA's price. The token hit a 24-hour low of $0.038, a 20% decrease from its daily high, before recovering slightly to $0.041, according to CoinGecko.
“We had an incident that resulted in the unauthorized sale of 600 million GALA tokens and the effective burn of 4.4 billion tokens,” Schiermeyer wrote in a May 20 post on X (formerly Twitter). He admitted, “We messed up our internal controls. This shouldn’t have happened, and we are taking steps to ensure it doesn’t happen again.”
Response and Mitigation
Gala Games quickly identified the compromise and revoked unauthorized access to the GALA contract. Schiermeyer assured users that the Ethereum contract was secure and had not been compromised. The company believes it has identified the person responsible and is collaborating with the FBI, the U.S. Justice Department, and international authorities to address the incident.
In a follow-up post on X, Gala Games announced that the security breach had been contained and the affected wallet frozen. However, details about the perpetrator and the method of access to the GALA contract remain undisclosed.
Ongoing Legal Disputes
This security incident occurs amid ongoing legal battles between Schiermeyer and Gala Games co-founder Wright Thurston. Both have filed lawsuits against each other, with Thurston accusing Schiermeyer of squandering millions in company assets, while Schiermeyer alleges that Thurston stole $130 million worth of GALA tokens.
Gala Games did not respond to requests for additional comments.
The incident underscores the critical need for robust internal controls and security measures in the cryptocurrency and blockchain industries, as companies continue to navigate complex technological and legal landscapes.
$GALA #GALA #GalaGames #hack

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Democratic Party members of the United States House of Representatives will not be mandated to vote against two Republican-led pro-crypto bills expected to come up for a floor vote soon, despite party leaders expressing strong opposition.
A leaked email dated May 20, shared by Politico, revealed that Democratic leaders have not officially urged members to vote no on the Financial Innovation and Technology for the 21st Century (FIT21) Act and the CBDC Anti-Surveillance State Act, H.R. 4763 and H.R. 5403, respectively. However, they strongly oppose these bills.
Overview of the Bills
Financial Innovation and Technology for the 21st Century (FIT21) Act
The FIT21 Act aims to clarify the process for classifying cryptocurrencies as commodities or securities and predominantly assign regulatory control of the sector to the U.S. Commodity Futures Trading Commission (CFTC). The U.S. crypto industry and lobbyists support the bill, with 60 companies urging the House to pass it in a letter dated May 16.
CBDC Anti-Surveillance State Act
The CBDC Anti-Surveillance State Act seeks to prevent the Federal Reserve from issuing a central bank digital currency (CBDC).
Opposition from Democratic Leaders
The email noted that Representatives Maxine Waters and David Scott strongly oppose the FIT21 Act, with Waters also opposing the CBDC Act. Politico later obtained a letter from the pair urging a vote against FIT21.
Politico reporter Eleanor Mueller reported that House Democratic leaders announced they would not whip against the Republican's crypto bill, referring to FIT21.
Criticisms of FIT21
In the email, Democratic leaders highlighted concerns over parts of the FIT21 Act, particularly its establishment of a process for trading digital commodities in the secondary market if they were initially offered as part of investment contract securities, as defined by the Securities and Exchange Commission (SEC) using the Howey test.
"This language undermines decades of legal precedent and case law, thereby creating uncertainty in our traditional securities market," the email stated.
Leaders also argued that the bill "weakens investor protections and opens the door to fraud and market manipulation" by providing a "safe harbor" for entities to lodge an intent to register, effectively shielding them from the SEC until the SEC and CFTC finalize crypto rules.
Criticisms of the CBDC Anti-Surveillance State Act
The email also criticized the CBDC Anti-Surveillance State Act, arguing that halting CBDCs would undermine the "primacy of the U.S. dollar," especially as other countries developing their own CBDCs seek to evade sanctions.
"According to the Congressional Budget Office (CBO), the bill’s overly broad definition of CBDC raises concerns the bill could undermine the Fed’s ability to conduct monetary policy," the email added. This concern is particularly pressing as the Fed attempts to navigate a soft landing regarding inflation.
Upcoming Debate and Vote
According to Politico’s Mueller, floor debate and passage of FIT21 are expected on Wednesday, May 22. Despite the Democratic leaders' strong opposition, party members are not being forced to vote against the bills, allowing for individual discretion in their votes.
#crypto #USsenate

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Bitcoin has reached all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price. On May 21, Bitcoin soared to an intraday and six-week high of $71,650, marking a notable increase within a 24-hour period. According to CoinGecko, this surge puts Bitcoin within a 3.4% range of its all-time high in USD terms, recorded on March 14, at $73,738.
Bitcoin Sets New Highs Against Various Fiat Currencies
The recent surge in Bitcoin’s price has led to new record highs against several fiat currencies:
Japan: Bitcoin hit an all-time high of 11.2 million yen during early trading on May 21, marking the first time it has surpassed the 11 million JPY threshold. The Japanese yen has been weakening against the U.S. dollar, depreciating by 10% since the start of the year.Argentina: Bitcoin reached a peak value of 63.8 million Argentine pesos (ARS) on May 21, slightly surpassing the highs seen in mid-March. Argentina continues to grapple with high inflation, currently at a staggering 290%, along with ongoing currency devaluation.Philippines: Bitcoin briefly reached a record high of 4.18 million pesos (PHP) on May 21, surpassing the mid-March highs.
Similar trends were observed in other countries, including Britain, Australia, Canada, Chile, Colombia, Egypt, Norway, India, South Korea, Taiwan, and Turkey, as noted by industry observer Thomas Fahrer on X.
Bitcoin Short Squeeze on the Horizon?
Crypto analyst Willy Woo highlighted the liquidation of a month's worth of Bitcoin short positions, suggesting the possibility of a short-squeeze that could push Bitcoin beyond its all-time highs. Coinglass reported that within the past 24 hours, 79,010 traders were liquidated, with total crypto liquidations amounting to $345 million, of which 78.5% were short positions.
Markus Thielen, the head of research at 10x Research, previously predicted that a breakthrough above $67,500 could potentially lead to new all-time highs. Currently, Bitcoin is trading at $70,945, just $2,500 away from reaching a new all-time high in U.S. dollars.
In addition to 10x Research, other analysts have also turned bullish on Bitcoin following a period of consolidation. Leading trading firm QCP Capital has expressed optimism about Bitcoin’s price momentum, forecasting a potential return to the highs of $74,000. In a recent note, the firm mentioned substantial buyers acquiring 100,000 to 120,000 BTC Calls for December 2024, indicating confidence in the cryptocurrency's upward movement.
"US CPI numbers triggered a breakout of the range across risk assets. BTC has since traded back above 66k," the firm wrote.
The continued bullish sentiment and market activity suggest that Bitcoin may soon achieve new record highs, driven by strong demand and positive market conditions.
$BTC #BTC #Bitcoin

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Amid the ongoing Ripple lawsuit, lawyer Bill Morgan has provided a speculative take on the SEC's stance regarding the blockchain firm's On-Demand Liquidity (ODL) sales using XRP. The U.S. Securities and Exchange Commission (SEC) recently opposed Ripple's motion to seal and redact evidence related to remedies briefing and documents. Additionally, the SEC urged the court to disclose Ripple's business details from the agency's March 22 remedies briefing.
Ripple had previously requested that financial reports, details of post-complaint XRP institutional sales, and other sensitive information remain confidential due to the high risks involved. In this context, Bill Morgan, a pro-XRP advocate, emphasized that the SEC already knows that Ripple’s ODL sales are not investment contracts.
SEC Highlights Ripple ODL Sales in Recent Filing
Bill Morgan shared a snapshot from the SEC’s latest response, which stated, “The same is true for Ripple’s aged securities offering and sales information. Ripple wants to hide the extent to which it offered XRP at discriminatory prices. But the period when Ripple was offering discounts goes back to 2014 and ended in December 2020.”
The filing continued, “Ripple has not shown how the discounts it offered four years ago or more would matter, particularly since Ripple seeks to avoid remedies by claiming it ‘has changed the way it sells XRP and changed its contracts.’” The SEC emphasized that Ripple’s current contracts are not under scrutiny, specifying, “Indeed, the contracts at issue are not ODL contracts—the only type of Institutional Sales contracts Ripple claims it enters into today… none of Ripple’s current contracts contain lockups. The redactions the SEC opposes thus do not reveal ‘long-term business plans of any kind.’”
Lawyer Explains SEC’s Position on ODL Sales
Morgan elaborated on the SEC’s stance, explaining, “The SEC clarifies that none of the sales to institutions with discounts were ODL contracts.” He added, “The SEC would have reviewed the ODL contracts and observed that they do not have discounts or the features referred to in the summary judgment that made institutional buyer contracts to be investment contracts according to judge Torres.”
Morgan pointed out a key distinction in the nature of ODL contracts: these contracts require customers to buy XRP at market price and use the tokens in ODL transactions. Moreover, customers agree not to hold them as investments. He questioned why Judge Torres categorized these contracts similarly to other institutional agreements, speculating, “It remains a mystery why Judge Torres lumped them in with the other contracts with institutions.” He further noted that the SEC likely knows that its stance on the ODL sales is incorrect, stating, “I bet SEC knows the ODL contracts are not investment contracts.”
SEC Opposes Ripple's Motion to Seal
On Monday, May 20, the SEC filed a response opposing part of Ripple’s motion to seal and redact certain documents. The SEC argues that Ripple’s attempt to "conceal financial and securities sales information" is unlawful, as this information is crucial for the remedies phase and public understanding of the penalties involved.
Ripple seeks to redact details such as the amount of its current assets, recent sales figures, revenues and expenses, and discounts offered to institutional investors. However, the SEC contends that these details are essential for determining penalties, injunctive relief, disgorgement, and assessing investor harm. They argue that Ripple has not provided sufficient evidence that making this information public would cause significant harm.
Furthermore, the SEC states that the financial information in question is outdated and that some of it is already publicly available. The regulator asserts that Ripple’s reliance on previous court sealing approvals does not apply to the current situation. The SEC maintains that transparency is necessary for the court’s decisions and public accountability.
This ongoing legal battle between the SEC and Ripple underscores the complexities of cryptocurrency regulation and the definitions of securities, with significant implications for the future of digital assets.
$XRP #XRP #Ripple

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Ethereum has experienced a remarkable recovery, driven primarily by the latest developments concerning the Ethereum Spot ETF and favorable market conditions. In the last 24 hours, Ethereum's price surged by 18%, reaching a monthly high. At the time of writing, Ethereum is valued at $3,659.60, with a market capitalization of $439.5 billion. This significant increase in value was preceded by a rapid jump from around $31K to $34K within 34 minutes, accompanied by a 253% rise in trading volume, reaching $37.5 billion.
The Factors Behind Ethereum's Price Rally
Ethereum, the most widely used cryptocurrency network, reached its all-time high (ATH) of $4,891.70 in 2021. However, market downturns kept Ethereum's price subdued until a resurgence in March 2024. After a brief pause, Ethereum's price has begun to rise again, influenced by two main factors: improved market conditions and updates regarding the Ethereum ETF.
Bullish Market Conditions
The cryptocurrency market has seen a return of bullish sentiments, scoring 70/100 on the fear and greed index. The overall market cap has risen to $2.61 trillion, with a trading volume of $133.96 billion, indicating strong bullish conditions. This positive market environment has contributed to gains across all cryptocurrencies, including Ethereum. Bitcoin's rise towards its ATH of $73,750.07, after reaching $71,232, has also positively influenced altcoins.
Ethereum Spot ETF Approval Prospects
The SEC's impending decision on the Ethereum ETF, expected on Thursday, has significantly impacted market sentiment. Initially, investor confidence was low due to the SEC's ambiguous stance on Ethereum's classification as either a commodity or security. However, analysts have now increased the approval odds to 75%, up from a prior estimate of 25%. This shift follows the SEC's advice to exchanges to promptly update their 19B-4 filings for Spot ETH ETFs.
Bloomberg ETF analysts Eric Balchunas and James Seyffart have publicly raised their approval odds, citing the SEC's potential policy reversal as a key factor. This optimistic outlook has energized the market, contributing to Ethereum's price surge.
“@JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they’d be denied).” – Eric Balchunas (@EricBalchunas)
Future Projections for Ethereum
The current bullish sentiment suggests that Ethereum's price may continue to rise. Crypto analyst Oliver Isaac highlighted that Ethereum is forming its largest daily candle in five years, almost matching the market cap of Solana (SOL). He predicts that Ethereum could reach $10,000 if the ETF approval comes through.
“Largest daily Ethereum candle in 5 years. $ETH is up almost the entire market cap of $SOL today. If they approve the Ethereum ETF, they are approving the entire industry. ETH to $10,000 next target.” – Oliver Isaac (@oliverzok)
The excitement surrounding the Ethereum ETF is a major driver of the current bull run, potentially pushing Ethereum's value past the $4,000 mark. Fibonacci level analysis suggests that if this trend continues, Ethereum's price could reach $4,749 by the end of the month, and possibly $6,000 with ETF approval.
In summary, Ethereum's impressive price increase is largely attributed to optimistic market conditions and heightened expectations for the Ethereum Spot ETF approval. These factors have created a surge in trading activity and investor interest, setting the stage for further price appreciation.
$ETH #Ethereum #ETH

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Despite recent fluctuations in the crypto market, on-chain analytics suggest early signs of an impending bull run. Key metrics point towards a bullish sentiment, indicating that a significant market upswing may be imminent. Here, we explore five prominent signs suggesting the early arrival of a bull run.
1. Bitcoin Market Dominance
Bitcoin has shown a substantial recovery, currently trading at $67,146.49, just 9% away from its all-time high of $73,750.07. According to TradingView data, Bitcoin's market dominance has surged to 55.87%, the highest level in three years. Historical data reveals that a bull run often begins when Bitcoin dominance exceeds 56%. This surge in dominance is a strong indicator that a bull run may be on the horizon.
2. Bitcoin MVRV Z Score
The Bitcoin MVRV Z score, as per LookIntoBitcoin charts, measures the ratio of Bitcoin's market value to its realized value. The score indicates the cyclical peaks by comparing the current Bitcoin capitalization to its historical average value. The peak score is around 6, and Bitcoin is currently halfway to that mark. The MVRV Z score hasn't been this close to 6 since the 2021 bull run, suggesting that Bitcoin is approaching a significant value peak.
3. Bitcoin HODL Waves
The Bitcoin HODL waves data shows the distribution of Bitcoin held by long-term holders versus new investors. A decline in the number of new BTC holders can lead to reduced selling pressure, as long-term holders are less likely to sell during market downturns. The RHODL ratio, which compares recently bought BTC to BTC purchased one to two years ago, indicates that current buyers are paying more for BTC than they did two years ago. This suggests that the market is approaching a top.
4. Puell Multiple Level
The Puell Multiple measures the difference between short-term BTC miner revenue and long-term revenue trends. A peak typically forms when the level reaches 3. The highest level this year was 2.5 in March, but it has since dropped below 1 due to the Bitcoin halving. The value is currently rising, indicating potential for a bull run. Crypto analyst ELI5 of TLDR notes that high Puell levels correlate with cycle tops and anticipates another spike before the final top.
5. Market Sentiment and Recovery
Recent market sentiment has shifted from neutral to greedy, reflecting growing investor confidence. This shift, combined with a significant price surge in cryptocurrencies like Bitcoin, suggests an early arrival of a bull run. As market sentiments improve, the likelihood of sustained positive price action increases.
Final Thoughts
While the bull run promises substantial gains, it is not an overnight event and requires significant market momentum. After weeks of market struggle, investors are hopeful for a bull rally to recoup losses. Although a bull run is anticipated by the end of the year, stretching into mid-2025, current on-chain indicators and expert analysis suggest the possibility of an earlier bullish phase. As the market readies itself, investors should stay vigilant and prepared for potential market shifts.
These signs collectively point towards an imminent bull run, offering a glimmer of optimism for investors and enthusiasts alike.
#crypto #bullmarket

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The pending decision from the U.S. Securities and Exchange Commission (SEC) on the 19b-4 filings for spot Ethereum ETFs has the potential to introduce volatility to the price of Ethereum (ETH). Nate Geraci, President of the ETF Store, provides insights into what this week might hold for the crypto market. Approval from the SEC is crucial for spot Ethereum ETFs to trade on Wall Street, as it hinges on the clearance of both the 19b-4 exchange rule changes and the S-1 registration statements.
Spot Ethereum ETF Approval
A spot Ethereum ETF would directly hold Ether as its underlying asset and trade on stock exchanges similarly to stocks. For these ETFs to be listed and traded, they must receive SEC approval for both the 19b-4 filings and the S-1 filings.
Understanding 19b-4 Filings and S-1 Registration Statements
Rule 19b-4 Filings: These filings are submitted by national securities exchanges, such as the NYSE or Nasdaq, to the SEC when proposing rule changes or introducing new products. For Ethereum ETFs, the exchanges need SEC approval on these filings to list the ETFs. This process involves the exchange requesting permission to add these new Ethereum products to their trading platforms.
S-1 Registration Statements: This initial registration form is required for new securities offered to the public. It provides detailed information about the company’s business operations, financial condition, and management. For ETFs, this document outlines the structure of the fund, its management, and how it intends to replicate the performance of Ethereum.
The SEC must approve both the 19b-4 filings and the S-1 registration forms to legally sell the ETFs to the public. Typically, the SEC has a statutory timeframe of 45 days, extendable up to 240 days, to make an initial decision on the 19b-4 filings. Approval of the 19b-4s permits the ETFs to be listed on exchanges. However, without approval of the S-1s, the ETFs cannot be legally sold to investors.
Potential Delays and Implications
Even if the SEC approves the 19b-4 filings, it may take a more cautious approach with the approval of the S-1s, potentially prolonging the review process. The lack of engagement between issuers and the SEC suggests that the regulator could adopt a slower, more meticulous approach due to the complexities and risks associated with crypto products.
The decision on Ethereum ETFs is pivotal. Approval could significantly boost mainstream adoption of Ethereum, providing a more regulated and secure investment environment for those interested in cryptocurrency. Conversely, a delay or denial might indicate ongoing regulatory concerns about the stability and security of cryptocurrency investments.
Market Reaction and Ethereum Price
As the decision looms, Ethereum has shown a partial bounce back, reaching $3,100 over the last weekend. The market's response to the SEC’s decision will be closely watched, as it could signal broader trends in regulatory acceptance and the future of cryptocurrency investments.
The upcoming SEC decision on Ethereum ETFs could shape the future landscape of cryptocurrency trading, influencing both investor sentiment and market dynamics.
$ETH #ETH #Ethereum #ETHETFS

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“