#Ethereum； #BTC-ETF #ethreum

In a recent report, there's an expectation of a deadline extension, similar to the Bitcoin ETF, with the U.S. Securities and Exchange Commission (SEC) until May 23. Geoff Kendrick, Head of FX Research at Standard Chartered, also addressed recent speculation triggered by the significant sell-off of the Grayscale Bitcoin Trust (GBTC) following its conversion into a Bitcoin spot ETF. Bitcoin experienced a decline of approximately 10% after the approval announcement of the Bitcoin ETF. This drop is attributed to investors selling GBTC shares. Nevertheless, Kendrick is optimistic that the scenario will change when Grayscale converts its Ethereum Trust into an ETH spot ETF.

Source: The internet; it's purely speculative, and only time will tell how it unfolds. Let's wait and see how it develops. Thank you for reading, feel free to leave a like or subscribe – it's also free! ✌️🦾🫶

#BTC #etf #CryptoNewsLand #newscrypto

The top 3 cryptocurrencies with the most daily addresses

1. TRON (TRX)

TRON secured first place with the highest commitment to daily addresses. With 1,643,580 active addresses, the TRON network recorded impressive user activity. TRON is known for its high throughput and decentralised applications that have attracted a considerable user base.

2. Bitcoin (BTC)

Bitcoin follows in second place with 867,570 daily active addresses. Bitcoin is still strongly represented and is actively used by a broad user base for transactions, despite its comparatively lower throughput compared to some altcoins.

3. Litecoin (LTC)

Litecoin took third place with 754,272 active addresses. Known for a faster block generation time compared to Bitcoin, Litecoin is characterised by user-friendly features and efficient transaction processing.

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#BTC #Bitcoin #cryptofans

The story of Bitcoin (BTC) began in 2009, when a person or group named Satoshi Nakamoto launched the cryptocurrency. Bitcoin was developed as a decentralised digital payment system that does without a central authority such as banks or governments. The technology that enables Bitcoin is the blockchain, a public and immutable database.

In the first few years, Bitcoin was mainly used by tech enthusiasts and crypto enthusiasts. However, its popularity grew rapidly, and exchanges were established on which Bitcoin could be traded against other currencies. The price of Bitcoin experienced significant fluctuations, from a few cents in the early years to several thousand dollars in the following years.

Bitcoin was considered a digital gold and used as a store of value. The introduction of technologies such as the Lightning Network should improve scalability and speed up transactions.

Bitcoin's influence on the financial markets and the debate about its role as a currency or asset continued. Institutional actors began to consider Bitcoin as an asset class, which led to wider acceptance. The future of Bitcoin remains dependent on developments in regulation, technology and general crypto adoption.

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#shibanews #ShibaInvestment #cryptofans

The main developer of Shiba Inu, Shytoshi Kusama, has indicated significant progress in the ambitions of the project. Kusama's statements, which were shared on X (formerly Twitter), provide insights into the strategic orientation of Shiba Inu and its integration into the broader Internet infrastructure.

In allusion to the fake spot news about the approval of Bitcoin ETFs, Kusama said: "Hey, SHIBARMY! While everyone focusses on whether approved or not, hacked or not, we continued to focus on creating what we promised: a network status. Since I listen to a lot of Web 3, but not enough WEB, we are talking about SHIB NAME TOKENS."

Kusama explained the orientation of the project and emphasised the importance of domains in the digital world: "Domains are the identity layer of the Internet. For 40 years, they have made the use of the Internet easier for everyone. If you enter something in your browser, you will be taken to the Shib website. What if you could do more?"

In order to increase acceptance, Shiba Inu works with D3 to apply for the top-level domain (TLD) .shib, with the aim of having a significant impact on the Internet landscape. "This allows us to open up the infrastructure used by 5.3 BILLION people worldwide," Kusama noted and emphasised the wide scope of this project.

The plan provides for the use of domains to set up a seamless identity layer for Shib throughout the Internet without the need for special software, wallets, plugins or extensions. This step could dramatically simplify user interaction with the Shiba Inu ecosystem and potentially revolutionise digital identity verification and interaction on Web3 platforms.
#CryptoNews.

#ETH #BTC #CryptoNewsLand #SolanaTrade

Will Ethereum catch up on Solana's performance?

In an interview with BeInCrypto, Slater Heil, CEO of Composable Corp and head of the Blueberry Protocol, discussed the reasons for the worse performance of Ethereum compared to Solana. One reason for the higher increase in value of Solana in 2023 is the stronger price drop last year. More specifically, SOL has fallen by almost 97 percent since the all-time high, while ETH has fallen by 77 percent.

If you look at the Fibonacci levels, SOL and ETH have developed in a similar way. Both are close to their 0.382 Fibonacci resistance level.

In the crypto market, Heil believes that the price tells the story. Therefore, SOL's recent above-average performance has led to the assumption that Solana has overtaken Ethereum.

The strong development of Ethereum's Layer 2 networks such as Arbitrum (ARB) and Optimism (OP) is also interesting. This can be attributed to the fact that investors and speculators are always looking for something new.

The growth of Lido (LDO) as a staking protocol also shows clear progress. Its total value (TVL) is at a historical high of USD 21 billion. In contrast, Ethereum's TVL of USD 85 billion is far below its all-time high of USD 192 billion.

Heil also believes that Ethereum is the next candidate for a spot ETF and emphasises the potential of the currency. The mating ETH/BTC showed strong signs of soil formation on the day of the wrong ETF admission tweet.

Regarding Ethereum, Heil said to Solana:

The prevailing narrative about Ethereum rightly emphasises the high transaction fees and a user experience that seems to be tailored to large investors rather than the daily user. However, the reality is that ETH consciously puts long-term security and scalability above the immediate user experience. This strategy fits with the protocols that investors want to attract, who attach more importance to security than to fast and cost-effective transactions."

Source: Crypto-News

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#portfolio #ShibaBurns #BTCETFSPOT #BTC #PepeCoin2024

Why does your wallet rise and why does it fall?

The prices of cryptocurrencies are influenced by various factors, which leads to their volatility. Here are some main reasons:

1. Supply and demand: As with all assets, the ratio of supply and demand determines the price. When more people want to buy a certain cryptocurrency, the price rises, and when more people want to sell, it falls.

2. Market sentiment and psychology:

The perception of investors plays a major role. Positive news or developments can lead to an increase, while negative news can lead to a decrease. The emotional reaction of investors strongly influences the price movements.

3. Regulatory developments:

Announcements by governments or regulators regarding cryptocurrencies can have significant influence. New laws or restrictions can affect the market.

4. Technological developments:

Advances in technology and changes in the platforms on which cryptocurrencies are based can have an impact. Positive

Developments such as improved security or scalability can positively influence the price.

5. Market capitalisation: Since many

Cryptocurrencies are still relatively small compared to traditional financial markets, even relatively small trading volumes can lead to large price movements.

It is important to note that crypto currency markets are often subject to greater fluctuations than more established markets due to their comparatively low market capitalisation and their still young nature.

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#BurnBabyBurn #shiba #ShibaInuBurnMechanism

How does the system actually work to burn tokens? 🔥🔥🔥

—The burning of tokens is a process in which a certain amount of cryptocurrency is permanently withdrawn from circulation. This is often done to reduce the offer and potentially increase the value of the remaining tokens.

—It usually works by sending the tokens to a special address from which they can no longer be retrieved. This process is transparent and is often carried out by so-called "burn addresses". A smart contract can be programmed to send the tokens to this address, and they will then remain inaccessible forever.

—It is a measure used by various cryptocurrencies to control the offer and sometimes as a strategic decision for the token ecosystem.

Let's see how far Shiba manages to minimise his offer!

What do you think we can do in 2024 the $0.01? Feel free to write it in the comments

Make us rich Shiba Inu $$$$$$$$🔥🔥🔥🔥🔥

#ShibaBurns #ShibaInuTech #Shiba

The term "Shiba Inu Token" often refers to a
cryptocurrency known as
SHIB. SHIB is a token based on the Ethereum blockchain that was originally launched as a fun project. However, it has quickly gained popularity, especially due to its logo similarity to the Shiba Inu dog and the attraction of memecoins in the crypto community.
SHIB belongs to a group of crypto currencies known as
"Meme Coins" and has a decentralised nature. It was started as an experimental project to promote a decentralised community. It is important to note that investments in cryptocurrencies involve risks, and it is advisable to inform yourself thoroughly before investing in such projects.

#MyFirstFeedPost Hello, Binance Square!
#ShibaBurns #SHIB💥
When will the prices fall when always rise an exciting topic!
I'm curious when we'll reach the $0.01

At least I believe that we can burn many tokens🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥

I have my largest share of tokens in Shiba Inu now and I am in favour of the year 2024! Let's grow!

All Shiba fans leave a like there 🐕🐕