Kabosu, the Shiba Inu whose face launched the world of dog-themed cryptocurrencies, has passed away at the age of over 17. Her owner announced the sad news in a blog post, stating that Kabosu died early Friday morning. A farewell party will be held for her on Sunday, May 26th, at Flower Kaori in Kotsu no Mori, Narita City, from 1pm to 4pm.

Kabosu's journey to internet fame began with a viral meme that inspired the creation of Dogecoin ($DOGE ) in 2013. What started as a joke currency quickly gained traction, leading to the rise of an entire sector of dog-themed tokens, including Shiba Inu ($SHIB ) and Floki ($FLOKI ). These cryptocurrencies have grown into some of the most notable assets in the digital currency market.
As the face of this meme-driven movement, Kabosu's legacy extends beyond her adorable image. She symbolizes the unexpected and often whimsical nature of the cryptocurrency world, where a simple picture of a dog can spark a financial revolution.
Kabosu's passing marks the end of an era, but her influence on the crypto industry will be remembered for years to come.
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The prospect of Ethereum Exchange-Traded Fund (ETF) approval has significantly brightened, with experts now giving it a 75% chance of success, up from just 25%. The shift comes as the SEC has requested exchanges to expedite updates to their 19B-4 filings, a move signaling a more favorable stance towards Ethereum ETFs.
Nate Geraci, co-founder of the ETF institute, is optimistic about the approval, citing the lack of legal grounds for the SEC to reject the filings. This optimism is bolstered by Ethereum's strong fundamentals, being the only net profitable settlement layer in the industry and on the verge of regulatory clarity in the US with a potential spot ETF approval.
Despite these positives, Ethereum remains surprisingly unpopular among retail investors, with significant negative sentiment prevailing. This sentiment seems disconnected from Ethereum's solid performance, including its profitability and pivotal role in the industry.
One of Ethereum's key strengths is its scalability, with Arbitrum, its primary Layer 2 scaling solution, generating approximately $7 million in annual earnings after costs. In contrast, Solana, valued significantly higher by the market, incurs losses of around $10 million daily, totaling $3.6 billion annually. Despite its achievements, Arbitrum has flown under the radar, receiving little media attention compared to its impact on global DeFi innovation.
The surge in Ethereum ETF approval odds reflects a growing recognition of Ethereum's potential and solidifies its position as a leading force in the crypto space.
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#Bitcoin price has been on a rollercoaster ride in recent weeks
Analysts Point to #Bullish Signs, highlighting a bullish indicator known as the “cup and handle” formation on Bitcoin's weekly chart.

The “cup and handle” formation is a technical pattern used by traders to identify potential reversals or trend continuations.
Historically, breakouts above the handle and cup rim have led to significant price rallies. If buyers push the price above the current resistance levels, particularly at $66,000 and $72,000, the breakout could be explosive, potentially propelling Bitcoin to new highs above $73,800.

Miner Capitulation Looms
Despite the optimistic outlook, there are concerns about declining on-chain activity, particularly regarding Bitcoin transaction fees. After a brief spike on Halving Day, transaction fees have been steadily declining, currently standing at $3.206 compared to over $128 in April.
This decline in transaction fees is impacting miners, who are now facing reduced revenue. With lower margins post-Halving, miners may be compelled to sell some of their $BTC to cover costs. Increased selling pressure from miners in the secondary market could drive prices lower, counteracting the bullish momentum.
#Bitcoinblockchain #BTC🔥🔥🔥🔥🔥 #BEARISH📉 #BTC☀️