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🚀🚀All spot #ETHEREUM ETF applicants filed updated S-1's
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock
#EtheruemETF #ETH🔥🔥🔥🔥 #altsesaon
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock
#EtheruemETF #ETH🔥🔥🔥🔥 #altsesaon
🚀🚀Brazilian Banking Giant Itau Unibanco Opens Cryptocurrency Trading Services for All Customers
Banks are realizing the potential of offering cryptocurrency opportunities and traditional finance services. Itau Unibanco, the largest bank in Brazil and Latam with over 60 million customers and close to 100,000 employees, has announced the general availability of cryptocurrency trading services for its customers.
While this feature was launched in December, the functionality was only available for selected consumers and was slowly expanded to more users. First, Itau had to assess the level of acceptance these assets had as part of Ion’s platform, the bank’s investment app. According to Guto Antunes, head of Itaú Digital Assets, the acceptance was high, as customers trusted Itau’s cryptocurrency custody solution.
Antunes clarified the bank developed its custody solution, where each customer has a digital wallet with segregated assets. Antunes stated:
We have a stake and a partnership with Liqi, but nothing in terms of custody. The entire custody solution, since it was conceived, has been done with architecture and fiduciary duty within Itau.
The platform will only provide the already available digital asset offering, consisting of #bitcoin (BTC) and #Ethereum (ETH), to customers, although they are already considering new cryptocurrency inclusions. However, as a regulated banking entity, Itau is still expecting the central bank of Brazil to issue regulations regarding the treatment of stablecoins for their inclusion on its Ion platform. “We are aligned with the central bank in the development of regulation, we want to grow in the right way,” Antunes stressed.
Banks are realizing the potential of offering cryptocurrency opportunities and traditional finance services. Itau Unibanco, the largest bank in Brazil and Latam with over 60 million customers and close to 100,000 employees, has announced the general availability of cryptocurrency trading services for its customers.
While this feature was launched in December, the functionality was only available for selected consumers and was slowly expanded to more users. First, Itau had to assess the level of acceptance these assets had as part of Ion’s platform, the bank’s investment app. According to Guto Antunes, head of Itaú Digital Assets, the acceptance was high, as customers trusted Itau’s cryptocurrency custody solution.
Antunes clarified the bank developed its custody solution, where each customer has a digital wallet with segregated assets. Antunes stated:
We have a stake and a partnership with Liqi, but nothing in terms of custody. The entire custody solution, since it was conceived, has been done with architecture and fiduciary duty within Itau.
The platform will only provide the already available digital asset offering, consisting of #bitcoin (BTC) and #Ethereum (ETH), to customers, although they are already considering new cryptocurrency inclusions. However, as a regulated banking entity, Itau is still expecting the central bank of Brazil to issue regulations regarding the treatment of stablecoins for their inclusion on its Ion platform. “We are aligned with the central bank in the development of regulation, we want to grow in the right way,” Antunes stressed.
🚀🚀Australia-based Monochrome Asset Management is set to debut its spot bitcoin exchange-traded fund (ETF), IBTC, on the Cboe Australia exchange this Tuesday, June 4. This will be Australia’s first ETF to directly hold bitcoin. Previously, Australian investors were limited to indirect bitcoin ETFs or offshore options, which did not offer the same investor protections established by the Australian Financial Services Licensing (AFSL) framework in 2021. Monochrome’s CEO, Jeff Yew, anticipates significant demand for this new ETF, citing the recent surge in popularity of indirect bitcoin ETFs. The IBTC’s bitcoin reserves are securely stored offline, adhering to stringent Australian institutional custody guidelines. Unlike U.S. spot bitcoin ETFs, which are cash-based, Monochrome’s spot bitcoin ETF permits in-kind redemptions.
Paypal Holdings Inc. (Nasdaq: PYPL) announced at Consensus 2024 that its Paypal USD stablecoin (PYUSD) is now available on the Solana blockchain, making it “faster and cheaper to use.” Jose Fernandez da Ponte, Senior Vice President of the Blockchain, Cryptocurrency, and Digital Currency Group at Paypal, stated:
Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments.
“The Solana network’s speed and scalability make it the ideal blockchain for new payment solutions that are accessible, cost-effective, and instantaneous,” said Sheraz Shere, Head of Payments at Solana Foundation. “Continued adoption from industry participants like PayPal helps realize the next generation of fintech innovation.”
Paypal explained: “The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, providing significant benefits for commerce use cases. As the most used blockchain for stablecoin transfers, according to data from blockchain analytics platform Artemis, Solana has emerged as the leading blockchain to run tokenized transactions and is ideal for PYUSD as it continues to be used for payment use cases.”
Besides the Paypal and Venmo wallets, Crypto.com, Phantom, and Paxos are among the first platforms to offer PYUSD on Solana. Users now have the choice to send PYUSD on Ethereum or Solana. Paypal Inc. holds a license from the New York State Department of Financial Services to engage in virtual currency business activities. The issuance and custody of Paypal USD are managed by Paxos Trust Company LLC, a fully chartered limited-purpose trust company.
#Paypal #Crypto
Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments.
“The Solana network’s speed and scalability make it the ideal blockchain for new payment solutions that are accessible, cost-effective, and instantaneous,” said Sheraz Shere, Head of Payments at Solana Foundation. “Continued adoption from industry participants like PayPal helps realize the next generation of fintech innovation.”
Paypal explained: “The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, providing significant benefits for commerce use cases. As the most used blockchain for stablecoin transfers, according to data from blockchain analytics platform Artemis, Solana has emerged as the leading blockchain to run tokenized transactions and is ideal for PYUSD as it continues to be used for payment use cases.”
Besides the Paypal and Venmo wallets, Crypto.com, Phantom, and Paxos are among the first platforms to offer PYUSD on Solana. Users now have the choice to send PYUSD on Ethereum or Solana. Paypal Inc. holds a license from the New York State Department of Financial Services to engage in virtual currency business activities. The issuance and custody of Paypal USD are managed by Paxos Trust Company LLC, a fully chartered limited-purpose trust company.
#Paypal #Crypto
🚀🚀Sebastian Serrano, CEO of Ripio, one of the largest cryptocurrency exchanges in Latin America, affirmed that crypto is already being harnessed by companies in Brazil and China as part of their regular payment flow. Serrano offered insight into the use cases that institutions are displaying for crypto services in Latam and stated that several Brazilian unnamed companies were paying for supplies coming from China using cryptocurrency.
In the same way, Serrano disclosed that some Argentine companies were using cryptocurrency as a hedge against the crippling inflation that the country is facing. Also, Serrano highlighted the use case of cryptocurrency for remittance transactions between the U.S. and Mexico.
Serrano told Valor Economico that he also believed that the future of cryptocurrency was linked to its use in capital markets. He stated:
In the coming years, we will see companies start to finance themselves with cryptocurrencies. The capital markets of the future will be based on blockchain.
#crypto #altsesaon
In the same way, Serrano disclosed that some Argentine companies were using cryptocurrency as a hedge against the crippling inflation that the country is facing. Also, Serrano highlighted the use case of cryptocurrency for remittance transactions between the U.S. and Mexico.
Serrano told Valor Economico that he also believed that the future of cryptocurrency was linked to its use in capital markets. He stated:
In the coming years, we will see companies start to finance themselves with cryptocurrencies. The capital markets of the future will be based on blockchain.
#crypto #altsesaon
🚨🚨BREAKING: $FLOKI is up 18% in the last 24 hours and just flipped $OP and $BONK to be a top 45 project. It has outperformed #PEPE , #WIF , #DOGE , and #SHIB as the top major memecoin this week. #Coinbase will list Floki perps on May 30, which is fueling rumors of a Coinbase spot listing.
Several top crypto analaysts have predicted that Floki will be THE main memecoin of this bull run!
Several top crypto analaysts have predicted that Floki will be THE main memecoin of this bull run!
🚀🚀🚀In a series of positive developments, the cryptocurrency market appears to be entering a bullish phase, marked by significant regulatory approvals and an apparent shift in political relevancy. The U.S. Securities and Exchange Commission’s unexpected approval of spot ether ETFs, coupled with former President Donald Trump’s pro-crypto stance and pledges, signals a growing acceptance and regulatory clarity for digital assets. As spot bitcoin ETFs continue to see record inflows, these events collectively suggest a favorable shift towards mainstream adoption and support for the crypto industry.$BTC $ETH $BNB
FLOKI REACHES ECOSYSTEM TVL OF $820 MILLION — AN ALL TIME HIGH
#Floki just hit a total value locked (TVL) all time high of $820 million across two of its key ecosystem products:
- Floki Staking: $700.24M+
- FlokiFi Locker: $120.13M+
This impressive TVL record, which is the highest of any #memecoin in the industry, surpasses the combined TVL of other top memecoins including $PEPE , $WIF , $BONK , #DOGE , and #SHIB .
This impressive accomplishment also shows that there is a lot of interest in the Floki ecosystem, as it combines its iconic meme appeal with strong fundamentals as it works towards becoming the world's most known and most used cryptocurrency!
#Floki just hit a total value locked (TVL) all time high of $820 million across two of its key ecosystem products:
- Floki Staking: $700.24M+
- FlokiFi Locker: $120.13M+
This impressive TVL record, which is the highest of any #memecoin in the industry, surpasses the combined TVL of other top memecoins including $PEPE , $WIF , $BONK , #DOGE , and #SHIB .
This impressive accomplishment also shows that there is a lot of interest in the Floki ecosystem, as it combines its iconic meme appeal with strong fundamentals as it works towards becoming the world's most known and most used cryptocurrency!
On the daily chart, #Ethereum has exhibited a strong bullish trend from the beginning of May, with the price rising from around $2,813 at the start of the month, to a recent high of $3,953. The price action indicates consolidation around the $3,900 level, suggesting potential support. Significant volume spikes during major price moves indicate strong market participation. A break and hold above $3,953 with strong volume could signal the continuation of the bullish trend. However, a drop below the $3,600 level on the daily chart with high volume might indicate a deeper correction and an exit point.
Oscillator analysis provides mixed signals: the relative strength index (RSI) at 72.2 and the Stochastic at 89.0 suggest a neutral stance, while the commodity channel index (CCI) at 112.2 indicates a bearish signal. Conversely, the awesome oscillator at 569.8 and the moving average convergence divergence (MACD) level at 198.1 both suggest a bullish signal, highlighting the ongoing momentum.
Moving averages (MAs) across various timeframes further reinforce the bullish outlook. All major exponential and simple moving averages (EMA & SMA), including the 10, 20, 30, 50, 100, and 200 periods, indicate bullish signals. This comprehensive alignment of moving averages suggests a strong underlying bullish trend, providing additional confidence in the upward trajectory of ethereum’s price.
Oscillator analysis provides mixed signals: the relative strength index (RSI) at 72.2 and the Stochastic at 89.0 suggest a neutral stance, while the commodity channel index (CCI) at 112.2 indicates a bearish signal. Conversely, the awesome oscillator at 569.8 and the moving average convergence divergence (MACD) level at 198.1 both suggest a bullish signal, highlighting the ongoing momentum.
Moving averages (MAs) across various timeframes further reinforce the bullish outlook. All major exponential and simple moving averages (EMA & SMA), including the 10, 20, 30, 50, 100, and 200 periods, indicate bullish signals. This comprehensive alignment of moving averages suggests a strong underlying bullish trend, providing additional confidence in the upward trajectory of ethereum’s price.
🚀🚀Rich Dad Poor Dad author Robert Kiyosaki has warned investors about the bond market crashing, urging them to invest in “safer real assets,” like #bitcoin , before their prices “explode.” He criticizes financial planners for promoting bonds as safe investments, predicting significant losses for investors when AAA bonds and commercial real estate crash. Meanwhile, Kiyosaki expects #Bitcoin price to reach $2.3 million.🚀🚀
🚨🚨Former U.S. President and presidential candidate Donald Trump addressed the Libertarian National Convention in Washington, D.C., on Saturday. He covered many topics, emphasizing the importance of Libertarian-Republican collaboration for electoral success.
On the subject of cryptocurrency, Trump said:
I will also stop Joe Biden’s crusade to crush crypto. We’re going to stop it. I will ensure that the future of crypto and the future of #bitcoin will be made in the USA, not driven overseas.
“I will support the right to self-custody,” he added. “To the nation’s 50 million crypto holders, I say this: with your vote, I will keep Elizabeth Warren away from your #bitcoin , and I will never allow the creation of a central bank digital currency [CBDC].”
On the subject of cryptocurrency, Trump said:
I will also stop Joe Biden’s crusade to crush crypto. We’re going to stop it. I will ensure that the future of crypto and the future of #bitcoin will be made in the USA, not driven overseas.
“I will support the right to self-custody,” he added. “To the nation’s 50 million crypto holders, I say this: with your vote, I will keep Elizabeth Warren away from your #bitcoin , and I will never allow the creation of a central bank digital currency [CBDC].”
🚨🚨The UK Financial Conduct Authority (FCA) has approved crypto exchange-traded products (ETPs) by Wisdomtree and 21shares to list on the London Stock Exchange (LSE).
“Wisdomtree is amongst the first issuers to have its prospectus relating to crypto ETPs approved by the FCA,” the company emphasized, adding:
Its 100% physically backed #Bitcoin and #Ethereum ETPs, Wisdomtree Physical Bitcoin and WisdomTree Physical Ethereum, will be listed on the LSE at the earliest date possible which is expected to be on Tuesday May 28th. At the time of listing, these ETPs will only be available to professional investors.
#ETHETFsApproved #Bitcoin #ETH🔥🔥🔥🔥
“Wisdomtree is amongst the first issuers to have its prospectus relating to crypto ETPs approved by the FCA,” the company emphasized, adding:
Its 100% physically backed #Bitcoin and #Ethereum ETPs, Wisdomtree Physical Bitcoin and WisdomTree Physical Ethereum, will be listed on the LSE at the earliest date possible which is expected to be on Tuesday May 28th. At the time of listing, these ETPs will only be available to professional investors.
#ETHETFsApproved #Bitcoin #ETH🔥🔥🔥🔥
🚨BREAKING : 🇺🇸 CNBC GUEST PREDICTS THAT SPOT #SOLANA ETF IS NEXT IN LINE !!
Predicting $BTC , $ETH & $SOL Would Be The “Big 3 For This Cycle” 👀📈
While $XRP Is Displayed On The Screen, But Conveniently Not Discussed - As The Only Digital Asset Officially Ruled Not A Security Inside The United States! 🇺🇸
Do You Believe We See A Solana ETF Approved After #Ethereum ? 🤔
Predicting $BTC , $ETH & $SOL Would Be The “Big 3 For This Cycle” 👀📈
While $XRP Is Displayed On The Screen, But Conveniently Not Discussed - As The Only Digital Asset Officially Ruled Not A Security Inside The United States! 🇺🇸
Do You Believe We See A Solana ETF Approved After #Ethereum ? 🤔
BREAKING: 🇭🇰 Hong Kong set to approve spot #Bitcoin & Ethereum ETFs by Monday - Bloomberg
Up to $25 Billion in demand for Bitcoin from China is expected to be unlocked.
#bitcoinhalving
Up to $25 Billion in demand for Bitcoin from China is expected to be unlocked.
#bitcoinhalving
