Vitalik Buterin spoke out against the idea of supporting political candidates solely based on their "pro-cryptocurrency" positions.

He believes that choosing candidates on such a principle creates an incentive gradient where politicians understand that to gain support, they merely need to speak in favor of cryptocurrencies.

Buterin also noted that such politicians might support legislative measures that could harm the crypto ecosystem more broadly, despite their rhetoric.

How to Choose a Cryptocurrency for Your Portfolio

🔵 The first and most important step is a deep exploration of the cryptocurrency market. It is necessary to familiarize yourself with various types of cryptocurrencies, their features, and the technologies they are based on.

🔵 Portfolio diversification is key to reducing risks. Including different types of assets, such as high-capitalization cryptocurrencies, as well as lesser-known but promising altcoins, can help distribute potential risks.

🔵 It is important to assess the foundation of the cryptocurrency project, including the development team, project goals, roadmap, milestones already achieved, and community support.

🔵 High liquidity of a cryptocurrency facilitates buying and selling without significantly impacting the price. Checking trading volumes on different exchanges can provide insights into the asset's liquidity.

🔵 Studying historical price data can help understand potential trends and the volatility of the cryptocurrency.

🔵 Using technical analysis to forecast future price movements based on past trends includes analyzing charts, using indicators, and patterns.

🔵 Understanding the regulatory framework in different countries can affect the future of cryptocurrencies and their market acceptability.

🔵 Projects offering unique and innovative solutions may have greater potential for growth.

U.S. spot bitcoin ETFs continue their hot streak, recording $107.91 million in inflows on Thursday for their 9th straight day of gains. This marks the longest inflows since mid-March, when the products saw 10 consecutive positive days.

The appetite for spot bitcoin ETFs reflects their massive success since launching earlier this year. The SEC approved the first spot bitcoin ETFs in January, and products from heavyweights like BlackRock, Fidelity, and others quickly garnered billions in assets.

BlackRock's iShares Bitcoin Trust (IBIT) led inflows on Thursday with $89 million. Next was Fidelity's Wise Origin Bitcoin Trust (FBTC) at $19 million, followed by $9.5 million into VanEck's fund.

Meanwhile, the Grayscale Bitcoin Trust (GBTC) saw a $14 million outflow, extending its loss streak as investors pivot to other spot ETFs with less fees.

BlackRock is set to take over GBTC management, as its IBIT has rapidly become the leader among spot Bitcoin ETFs. It sits at nearly $20 billion after just 4 months, while it takes the average ETF years to reach that milestone. IBIT is now only $300 million behind GBTC in inflows to become the biggest Spot Bitcoin ETF.

This week, the U.K. also approved Bitcoin ETPs to be listed in London, further validating Bitcoin as an institutional asset class. If the current momentum continues, Bitcoin could be on track to finish May on a high note.

#BNB #LISTA #MegaDrops $BNB

Introducing Lista (LISTA) on Binance Megadrop!
Lock your BNB and complete Web3 Quests for Airdrop

IMPORTANT: Binance will be the first platform to list the token mentioned herein. The trading start time will be announced in a separate announcement. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.

The potential of Binance Coin (BNB) can be assessed from several angles:

1. **Utility and Use Cases**:
- **Transaction Fees**: BNB is primarily used to pay transaction fees on the Binance Exchange, offering users a discount on these fees.
- **Binance Ecosystem**: BNB is integral to various services within the Binance ecosystem, including Binance Chain, Binance Smart Chain (BSC), and Binance Decentralized Exchange (DEX).
- **Staking and DeFi**: BNB is used in staking and various decentralized finance (DeFi) applications, providing further utility.

2. **Market Performance**:
- **Price History**: Historically, BNB has shown significant growth, reflecting the overall expansion of the Binance ecosystem.
- **Market Cap**: BNB consistently ranks among the top cryptocurrencies by market capitalization, indicating strong market confidence and widespread adoption.

3. **Burn Mechanism**:
- Binance regularly conducts coin burns, reducing the total supply of BNB. This deflationary mechanism can potentially increase the value of BNB over time.

4. **Adoption and Partnerships**:
- Binance has secured various partnerships and listings that increase the adoption and use cases of BNB.
- BNB is accepted by multiple merchants and service providers globally, further integrating it into everyday transactions.

5. **Future Developments**:
- Binance continues to innovate, with ongoing developments in the Binance ecosystem, such as enhancements to Binance Smart Chain, the introduction of new financial products, and expansion into new markets.

However, the potential of BNB is also subject to certain risks and challenges:
- **Regulatory Risks**: The cryptocurrency market faces significant regulatory scrutiny, which could impact Binance and BNB.
- **Competition**: BNB competes with other utility tokens and smart contract platforms, such as Ethereum and Solana.

Overall, BNB's potential is closely tied to the growth and success of the Binance ecosystem, continued innovation, and broader cryptocurrency market trends.

Here are five of the best altcoins to consider investing in for 2024:

1. **Optimism (OP)**: Optimism is a layer-2 solution for Ethereum, designed to increase transaction throughput and reduce fees. Its recent Bedrock upgrade significantly improved the usability of the network by lowering fees and transaction confirmation times by 90%.

2. **Dogeverse (DOGEVERSE)**: This is a multichain meme coin that allows for staking and interaction across several blockchains, including Ethereum, Binance Smart Chain, and Solana. Dogeverse aims to provide token holders with flexible usage and passive staking rewards.

3. **Shiba Inu (SHIB)**: Known for its strong community and ecosystem, Shiba Inu includes ShibaSwap, an NFT platform, and the upcoming Shibarium layer-2 solution. These innovations could make SHIB a promising investment.

4. **BNB (Binance Coin)**: BNB is the native token of the Binance ecosystem and is used to pay for transaction fees on the Binance Exchange. With a strong DeFi presence and ongoing developments like the BNB Sidechain and zkBNB, BNB remains a strong contender in the altcoin market.

5. **WienerAI (WAI)**: This token combines the appeal of meme coins with the functionality of an AI-powered trading bot. WienerAI offers predictive analytics and advanced trading signals, making it a unique choice for those interested in both meme coins and AI technology.

These altcoins each offer unique benefits and potential for growth in 2024, whether through technological advancements, strong community backing, or innovative use cases. Always perform your own research and consider your financial situation and risk tolerance before investing.
#altcoins

#Here are five of the best meme coins to consider buying in May 2024, based on their market potential, unique features, and community support:

1. **Dogeverse (DOGEVERSE)**: This new dog-themed meme coin operates on six major blockchains, including Ethereum, BNB Chain, and Solana. It offers high staking rewards and has gained significant attention, raising $10 million in its presale.

2. **Shiba Inu (SHIB)**: Known as the "Dogecoin killer," Shiba Inu has established a robust ecosystem, including its own decentralized exchange, ShibaSwap, and the layer-2 scaling solution Shibarium. It's one of the most successful and popular meme coins.

3. **Pepe (PEPE)**: Launched in 2023, Pepe quickly gained popularity and reignited interest in meme coins. Despite being promoted as a "useless" token, its cultural appeal and large market cap make it a noteworthy option.

4. **Baby Doge Coin (BABYDOGE)**: Inspired by Dogecoin, Baby Doge is a community-driven project with a deflationary supply. It offers rewards for holders and has a strong charitable aspect, donating to animal causes

5. **Floki Inu (FLOKI)**: Named after Elon Musk’s Shiba Inu, Floki Inu is part of the larger Floki ecosystem, which includes NFTs and a metaverse called Valhalla. It combines meme culture with real utility, making it a compelling investment.

These coins are popular for their community engagement and potential for high returns, but they also come with high volatility and risk. Always conduct thorough research before investing in meme coins.
#meme_coin
#MemeWatch2024
#memebull

The approval of a spot Ethereum ETF would make it easier for institutional and retail investors to invest in Ethereum without needing to buy and manage the cryptocurrency directly. This could increase demand and liquidity in the Ethereum market. The impact of Bitcoin ETF approvals has already demonstrated how such financial products can drive price movements and market interest.

However, the SEC's decision is still uncertain, influenced by regulatory and political factors. If approved, the Ethereum ETF would follow the precedent set by Bitcoin ETFs, adding more credibility and mainstream acceptance to cryptocurrency investments.#ETHETFS

Bloomberg analysts James Seyffart and Eric Balchunas have increased the odds of spot Ethereum approval to a whopping 75% in what appears to be a last-minute reversal.

According to Balchunas, there is some "chatter" that the SEC might be doing a 180 on this issue (which might be due to political pressure).

Prior to this, the industry consensus appeared to be that these ETFs would be denied due to the lack of engagement between ETF issuers and the SEC. The Bloomberg analysts claimed that the probability of these products being greenlit by the regulator was just 10%. However, former Grayscale CEO Michael Sonnenshein said that he was "optimistic" ahead of the Ethereum ETF approval deadline.

While waiting for next #BinanceLaunchpool or #Megadrop let's do some Binance Web3 Wallet task.
This Is the easiest available.
Switch to Web3 Wallet and look for Uxlink task.
(Make sure You have some $ETH in Arbitrum chain)
Register and then login Daily utili You have 100 points.
Then You can redeem points for and NFT.
You now qualify for reward!
You can continue to get point so You can mint an higher level NFT when You have 500 points.
Follow me for more content like this!