🚀Monochrome Asset Management is launching Australia's first spot Bitcoin ETF today! 🎉 The IBTC will be the first Aussie fund to hold BTC directly. Trading on the Cboe Australia exchange starts June 4.

Monochrome's strategy? A strictly passive buy and hold for Bitcoin. No derivatives, leverage, or short selling.

The IBTC is a game-changer, approved under a new crypto licensing category by the AFS in 2021. It's got a custody solution that meets Aussie regulatory standards, with holdings kept offline for safety.

This comes as more countries are greenlighting spot Bitcoin ETFs, following the US's successful first wave. Hong Kong just launched its first on April 30.

Who's next in the Spot Bitcoin ETF wave? 🌊 Share your thoughts below! #BitcoinETF #Monochrome #IBTC

📣 Matter Labs, creators of ZkSync Ethereum Layer 2, are waving goodbye to their trademark efforts for the term "ZK". 🏳️

• After a clash with Polyhedra Network over the use of "ZK" as a ticker symbol, Matter Labs faced a backlash from the Web3 community, leading them to drop their trademark plans.

• The firm acknowledged that what works in the Ethereum ecosystem might not be globally applicable, given the diverse perspectives and stakeholders involved.

• Key figures from ZK projects, including Polygon co-founders and StarkWare's CEO, expressed strong opposition to the move.

• StarkWare called the behavior "oppressive", while ConsenSys-backed Layer 2 solution Linea also condemned Matter Labs' actions.

Matter Labs said, "We’re proud to be a part of a movement that cares so deeply about cypherpunk values."

What do you think about this? Share your thoughts in the comments! 🗨️ #Web3 #Layer2 #DeFi #DAO

🔔News Flash🔔 Frax Finance's X account was hacked! 😱 But hold up, it's not as bad as it sounds. Founder Sam Kazemian believes it's an inside job at X, not a security flaw with Frax.🕵️‍♂️

• The breach happened on June 1, leaving the decentralized stablecoin protocol FRAX USD in a pickle.
• Kazemian is pretty sure they've found the culprit, a "serial scammer" known to blockchain investigator ZachXBT.
• No passwords were changed, no phishing attacks on Frax. Kazemian points to potential social engineering and insider involvement at X.

The X account is still active, but no new posts since the hack. X and its CEO, Elon Musk, are yet to comment. 🤔

This isn't the first time X's been linked to crypto project hacks. In May, a trader called GCR reported a similar breach, blaming insider bribes at X.

What do you think? Is X the home for crypto it claims to be? Let's chat in the comments! 👇 #FraxFinance #CryptoNews #XHacks

🚀💰 Social Capital CEO Chamath Palihapitiya predicts Bitcoin hitting a whopping $500k per coin by 2025, outshining predictions from firms like Standard Chartered and Bernstein.

Based on Bitcoin's past performance after halving events, Chamath's forecast seems plausible. Remember, Bitcoin's price multiplied 7.8x within 18 months after its third halving in May 2020.

Halving events, which cut Bitcoin's supply inflation rate in half every 210,000 blocks, create a supply shock that can drive up the asset's price.

The demand? Chamath points to an "increasing body of countries" adopting a dual currency standard, like El Salvador. Bitcoin could serve for daily transactions and as a permanent asset with residual value.

If Bitcoin does hit $500k, Chamath believes it will "completely replace" gold and even begin to have transactional utility for hard assets.

What do you think? Will Bitcoin reach these dizzying heights? Let's chat in the comments! 🚀💬 #Bitcoin #CryptoNews

🚀 Roaring Kitty's back on Reddit after 3 years, and he's still holding big on GameStop (GME)! 💰 His $181.4M in GME stocks and call options sparked a meme coin rally, with GME, ROAR, and KITTY coins surging 315%, 660%, and 477% respectively.

🎮 His GME holdings? A cool 17M shares, or 5.6% of GameStop’s market cap.

🔥 Following his post, GME’s stock saw a pre-market increase of over 300%. Note: GME, ROAR, and KITTY coins are inspired by GameStop and Roaring Kitty, but have no official connection.

🔄 Roaring Kitty's recent post hinted at a repeat of the 2021 GameStop frenzy. But not everyone's thrilled - some retail investors expressed frustration at his long absence.

🤔 What do you think? Is Roaring Kitty's return a setup to capitalize on renewed hype, or is he just playing the game? Let's chat below! #RoaringKitty #GME #MemeCoins #Reddit

🚀 Bitcoin's $70k hurdle isn't slowing it down! BTC is holding steady around $69k, thanks to a strong demand zone between $66.9k and $68.9k. 📈

- Over 2 million addresses have accumulated 1.1 million BTC in this range, showing high trader interest and activity.
- This demand zone acts as a critical buffer, indicating trader confidence and investment.

Crypto guru Peter Brandt predicts BTC could peak between $130k-$150k by late 2025, based on historical patterns. 📅

In other news:
- US Senator Ted Cruz has initiated Bitcoin mining operations in Texas.
- Tataria is aiming to establish Russia’s largest Bitcoin mining company, valued at $100 million.

What's your BTC prediction for 2025? Let's chat below! 💬 #Bitcoin #CryptoNews

🚀 Ethereum's price is on the rise following ETF approval, but it's yet to surpass recent highs.

📈 Daily analysis shows the price broke a big descending channel in May and has been chilling between $3,6K-$4K. The RSI is still above 50%, hinting at a possible climb past $4K.

⏰ On the 4-hour chart, things have been a bit rocky. The market's flirted with $4K a few times but hasn't quite made it. However, the RSI has just popped above 50%, suggesting a bullish shift. $4K breakout soon?

🔍 Behind the scenes, the ETH exchange reserve (total ETH in wallets) has taken a nosedive below its 30-day average. This could mean accumulation is happening as the market gears up for a rally.

🎉 Less supply could be a bullish sign for ETH.

🥳 Could we see a rally to $4K? What's your take? #ETH #DeFi #Bullish 🚀📈

🚀 Bitcoin's on the move again, folks! After a chill time around $67,500, BTC's decided to reach for the stars, breaking $69,000! 🌟 Analysts are buzzing with predictions of even higher peaks, maybe up to $85,000!

- Ali Martinez says if we can keep above $69,330, we're going higher. But watch out for a possible pullback to $68,000-$68,700.
- Crypto Chase has his eyes on $69,600 for a price expansion. If not, we might see a dip to $63,500-$65,500.
- Michael van de Poppe thinks if we break $70K, it's rocket time! 🚀
- Mikybull Crypto's feeling bullish, predicting an $85,000 all-time high based on a "megaphone pattern".

RSI and exchange netflow are other key indicators to watch. RSI's been under 70 since May 21, suggesting a correction might be due. Negative exchange netflow hints at less selling pressure, which is a bullish sign.

What do you think? Are we heading to the moon or bracing for a dip? Share your thoughts below! #BTC #CryptoPredictions

🚀 U.S. Senator Ted Cruz is now a Bitcoin miner! 💻 He's just bought 3 ASIC Bitcoin miners and kicked off operations in Iraan, Texas.

- Cruz has been a vocal supporter of crypto, even opposing a crypto tax proposal in 2021.
- He's not alone - several senators have disclosed their crypto holdings, reflecting growing political support.
- Cruz's investment is already in the green, with Bitcoin currently trading at $69,000.

Texas is a hotspot for Bitcoin mining, thanks to business-friendly laws and affordable energy resources. This has led to job creation, energy infrastructure investments, and tax revenue boosts in smaller towns like Iraan.

What do you think about lawmakers getting into crypto? Share your thoughts below! 👇 #CryptoNews #BitcoinMining

📣Crypto fam!📣 Bitcoin's been playing hard to get, flirting with $71K before a slight bearish pullback. But don't fret! 💪

• The $72K-$74K zone is tough, but the 100-day MA at $66K is giving us some solid support.
• We're stuck between these two for now, but a breakout is on the horizon.🌅

On the 4-hour chart, Bitcoin's formed a smaller wedge near $70K. If we break past this, we're looking at a bullish trend with $74K in our sights.🎯

And let's not forget our whale friends!🐋 Their profitability shows they still see value in Bitcoin above the $62.8K support level.

So, what's your take? Bullish or bearish? Let's chat in the comments! #Bitcoin #CryptoNews #BullishTrend

🚀Polygon's stablecoin market cap has soared to a whopping $1.5B, a 19% QoQ increase!🎉

🔹USDT solidified its dominance on Polygon, growing 29% QoQ to $792M, a hefty 53% of the total stablecoin market cap.

🔹Sony Bank and Belgian tech company Settlemint are exploring stablecoin use on Polygon, further boosting its prominence in the stablecoin ecosystem.

🎮Gaming on Polygon is booming too, with daily active addresses skyrocketing by 1,615% QoQ, reaching 207,000.

🔹DeFi addresses on Polygon also saw a 67% QoQ increase, hitting 50,000.

🔹NFT and social sectors are growing, but still trail behind gaming and DeFi.

What's your take on Polygon's growth? Let's discuss!👇 #DeFi #Layer2

🚀 Ripple's stepping up its pro-crypto game, folks! With a whopping $25M donation to Fairshake super PAC, they're pushing for pro-crypto policies and politicians. This comes as Ripple battles the SEC in court. 🥊

💡 Ripple believes the SEC's attempt to regulate crypto through enforcement isn't working. They're calling for fair, balanced regulation that fosters innovation, consumer protection, and market fairness.

🌎 While the US is making strides with comprehensive crypto legislation, Ripple points out we're lagging behind other countries that have embraced crypto and its tech.

🗳️ Ripple's got its eye on the 2024 elections, stressing the need for leaders who get crypto and its role in the future. Ripple CEO Brad Garlinghouse warns against the dangers of anti-crypto stances in Washington.

💰 This isn't Ripple's first rodeo with Fairshake. They donated $20M six months ago, marking a significant uptick in their political activity. Their contributions make up nearly half of the $100M+ raised by Fairshake from major crypto players.

🔔 Ripple's still in the ring with the SEC over accusations of unlawfully raising $1.3B through the sale of XRP. The final ruling is still pending.

What do you think about Ripple's pro-crypto push? Let's chat in the comments! #Ripple #CryptoAdvocacy

🚨Former Beverly Hills attorney, David Kagel, pleads guilty to a $9.5M crypto Ponzi scheme.👨‍⚖️🔒

- Kagel, once a respected legal figure, used his status to lure victims into a fake high-yield crypto investment scheme.
- He falsely claimed to hold $11M in Bitcoin as a safety net for investors.
- Now, he faces up to 5 years in prison. Sentencing is set for September 10.

The saga continues as David Gilbert Saffron and Vincent Anthony Mazzotta Jr. await their trial for alleged roles in the same scheme.

What are your thoughts on this? Should stricter regulations be put in place to prevent such scams? Let's chat below! 👇 #CryptoNews #PonziScheme

🚀Crypto world took a $42.6M hit in May, but hey, we bounced back with a $96.2M recovery!💪 Flash loan attacks were the main culprit, causing $20.7M in losses. Sonne Finance and TLN Protocol felt the sting the most.

🔍Exploits also left a mark, accounting for $19.7M in losses. Gala Games, AlexLab, Pump Fun, GNUS.ai, and Orion were the major victims. Exit scams, though less common, still contributed $1.8M to the losses.

📈Interestingly, flash loan attacks have been causing significant losses in odd-numbered months this year. February saw the most severe loss due to exit scams, totaling $58.3M.

🔐In 2024 so far, over $473M worth of crypto has been lost to hacks and rug pulls across 108 incidents, according to Immunefi. DeFi market remains the prime target for hackers.

🎯In May 2024, Ethereum and BNB Chain were the most targeted chains, representing 62% of total losses.

💭What's your take on these stats? How can we make the crypto world safer? Share your thoughts below! #CryptoSecurity #DeFi #CryptoNews

🔐🕰️ Time-traveling hackers to the rescue! Joe Grand and Bruno, two cybersecurity whizzes, helped an anonymous crypto user, Michael, recover 43.6 BTC lost for 11 years.

🔒 In 2013, Michael used RoboForm to generate a unique password for his wallet, but stored it in an encrypted file for extra security. When the file got corrupted, access to the wallet was lost.

💡 Grand and Bruno found a vulnerability in RoboForm's random number generator, linking each password to a date and time. They used this info to reverse engineer the password, created on May 15, 2013.

💰 Michael rewarded the duo with some BTC and sold some for himself when the price hit $62K. He's holding onto 30 BTC (approx. $2M) until it reaches $100K.

What's your crypto recovery story? Share below! 👇 #CryptoRescue #BTCRecovery

🚀Shiba Inu (SHIB) and Dogecoin (DOGE) in the spotlight!💡

ChatGPT, the AI-powered chatbot, predicts a challenging journey for SHIB to reach the top 5 cryptocurrencies despite its strong community and Shibarium's Layer2 scaling solution.

DOGE, on the other hand, backed by Elon Musk and Tesla, has a brighter outlook. Potential celebrity endorsements and market optimism could propel it into the elite club.

🐕 SHIB's dedicated community and Shibarium's progress could fuel a price rally, but becoming a top 5 crypto would require extraordinary gains and favorable conditions.

🚀 DOGE, the biggest meme coin, could see its market cap soar with celebrity support. Tesla's integration of DOGE as a payment option is a big plus.

What do you think? Can SHIB and DOGE make it to the top 5? Let's chat in the comments! #DeFi #Web3 #DAO #Layer2

🚀🎉 Ethereum's making waves! SEC's approval of ETH ETFs has sparked some market turbulence, but experts are predicting a potential rally and future growth.

- ETH's price has seen some wild swings, but it's currently hovering around $3,800.
- Analysts suggest we're in for a choppy ride until Monday, but a rally above $4,500 could be on the horizon. 📈
- Some are even predicting a bull cycle that could push ETH's price up to a whopping $20,000!

The optimism isn't unfounded:
- On-chain metrics like rising TVL and negative exchange netflow hint at a possible bull run.
- Major banks and financial institutions are expected to dive into the Ethereum ecosystem following the SEC's thumbs up.

What do you think? Is Ethereum set for a major breakout or are we in for more market turbulence? Share your thoughts below! 👇 #ETH #DeFi #BullRun

📢 Big news, folks! Jian Wen, a British-Chinese woman, has been handed a 6-year sentence for laundering Bitcoin from a $6B scam. 😱

• Wen, 42, was found guilty of laundering Bitcoin for her ex-boss, Yadi Zhang.
• Zhang allegedly scammed 130,000 investors in China, raking in a cool $5B.
• Wen wasn't directly involved in the scam, but she did convert the Bitcoin into cash for luxury purchases. 💍🏡

In 2018, UK police seized $2.2B in Bitcoin related to the fraud. Wen's lawyer argued she was "duped and used", but the judge wasn't buying it.

The UK is getting tough on crypto crimes. The lead investigator promises they'll "leave no stone unturned" to nab those using crypto for illegal activities.

What do you think about this case? Let's chat below! 👇 #CryptoNews #BitcoinScam

🚀Mastercard's new Crypto Credential is here, making blockchain transfers a breeze!🎉

🔹First P2P pilot transactions launched, simplifying and securing blockchain transfers.
🔹Users on Bit2Me, Lirium, Mercado Bitcoin can now send/receive crypto using easy-to-remember aliases.
🔹Aims to boost crypto adoption by making transactions simpler and safer.

Mastercard's Crypto Credential is currently connecting Latin America & Europe, with new partnerships in the pipeline to further extend its reach.

🌍Users across Peru, Chile, Portugal, Argentina and more can now conduct both cross-border and domestic transfers across various currencies and blockchains.

🔹Foxbit joins the pilot program, reaching a broader audience.
🔹Lulubit users also gain access via integration with Lirium.

Future expansions into NFTs, ticketing, and other payment methods are guided by market trends and regulatory standards.

💬What do you think about this move by Mastercard? Share your thoughts below! #MastercardCrypto #DeFi #Blockchain

🚀 XRPL's network activity is booming! Active addresses & transactions up 37% & 113% QoQ, respectively. 📈

• A lot of this activity comes from ~45k accounts, sending over 30M transactions, mostly for inscriptions.
• Inscriptions, popular on Bitcoin since early '23, have now spread to other networks like XRPL, causing big activity spikes.

XRPL's resilience is impressive! 💪
• Handled 80 transactions/sec for a whole day without network issues.
• Total accounts rose by 150k, a 3.1% increase to 5.15M.

DeFi & Stablecoins on XRPL:
• Total market cap of fungible tokens fell 16% QoQ to $142M.
• Sologenic (SOLO) leads the pack, making up 42% of total market cap.
• Stablecoins & wrapped tokens are popular, with Gatehub & Xumm providing 14 digital assets on XRPL.

Ripple's recent announcement to launch a USD-pegged stablecoin on XRPL & Ethereum could be a game-changer. 💵

What's your take on XRPL's growth? Let's chat below! 👇 #XRPL #DeFi