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🎉🎉 Bitcoin (BTC) fans, buckle up! After a wild ride to $72,000, BTC has taken a breather, currently chilling below $70,000. 📉😱 Over the weekend, BTC was playing it cool, hanging around $67,000. But come Monday, things got spicy! 🌶️ Word on the street was that the US Securities and Exchange Commission (SEC) might give a thumbs up to a spot Ethereum ETF this week. BTC was all ears and zoomed past $70,000, hitting a 6-week high of almost $72,000. 🚀🌕 But the bears weren't having it. They put their foot down, stopping BTC from beating its March 2024 high of $73,750. Instead, BTC has been slowly slipping, dropping to $70,000 yesterday and below that today. 🐻💔 Right now, BTC is about $500 shy of the big $70K, with a market cap of $1.370 trillion. Its dominance over other cryptos has slipped a bit, now at 50.3% on CG. 📊🔍 Meanwhile, Ethereum (ETH) is holding strong above $3,800, thanks to the positive buzz about the possible SEC decision. Other big players like TON and NEAR are also in the green, while SOL, BNB, ADA, DOGE, AVAX, XRP, and SHIB are seeing red. 🚦📈 And let's not forget PEPE, who's been breaking records left and right! The total crypto market cap is holding steady at just under $2.730 trillion. 💰💹 So, BTC enthusiasts, keep your eyes peeled for more exciting movements! 🎢👀

🎉🎉 Bitcoin (BTC) fans, buckle up! After a wild ride to $72,000, BTC has taken a breather, currently chilling below $70,000. 📉😱

Over the weekend, BTC was playing it cool, hanging around $67,000. But come Monday, things got spicy! 🌶️ Word on the street was that the US Securities and Exchange Commission (SEC) might give a thumbs up to a spot Ethereum ETF this week. BTC was all ears and zoomed past $70,000, hitting a 6-week high of almost $72,000. 🚀🌕

But the bears weren't having it. They put their foot down, stopping BTC from beating its March 2024 high of $73,750. Instead, BTC has been slowly slipping, dropping to $70,000 yesterday and below that today. 🐻💔

Right now, BTC is about $500 shy of the big $70K, with a market cap of $1.370 trillion. Its dominance over other cryptos has slipped a bit, now at 50.3% on CG. 📊🔍

Meanwhile, Ethereum (ETH) is holding strong above $3,800, thanks to the positive buzz about the possible SEC decision. Other big players like TON and NEAR are also in the green, while SOL, BNB, ADA, DOGE, AVAX, XRP, and SHIB are seeing red. 🚦📈

And let's not forget PEPE, who's been breaking records left and right! The total crypto market cap is holding steady at just under $2.730 trillion. 💰💹

So, BTC enthusiasts, keep your eyes peeled for more exciting movements! 🎢👀

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🚀Buckle up, BTC enthusiasts! After a rocky end to April and a tumultuous May 1, Spot Bitcoin ETFs are back on track with a whopping 10 consecutive days of positive flows! 📈 This bullish trend follows BTC's rollercoaster ride, fueled by news of Ethereum ETFs, and now sees the asset heading towards a cool $69,000. 💰 Let's rewind a bit. Back in January, the crypto industry celebrated a huge milestone when the US SEC finally gave the green light to nearly a dozen spot Bitcoin ETFs. The impact was immediate, attracting billions of dollars in just a few months. 🎉 But then came April, and the tide turned with several red days. May 1 was particularly brutal, with over $560 million in outflows. 😱 However, the winds of fortune shifted again in the following weeks, especially after the positive US CPI data for April. Since May 10, the largest ETFs have been on a winning streak, matching the 10-day record of inflows from March. 🥳 BlackRock’s IBIT is leading the charge in inflows, attracting over $16,350 billion. Grayscale still holds the crown with $20 billion, but the outflows suggest BlackRock might soon take the throne. 👑 In total, all ETFs are nearing $13.7 billion in inflows. Meanwhile, Ethereum fans also had a reason to celebrate this week as the US SEC approved eight spot ETH ETFs. 🎈 BTC's response to the Ethereum news was a wild ride, soaring from $67,000 to $72,000 before plunging to under $66,000. But the past 24 hours have been more positive, possibly driven by the impressive inflows, and BTC is now hovering close to $69,000. 🚀 Stay tuned, folks! The crypto ride is far from over! 🌐
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🚀Crypto enthusiasts, buckle up! The U.S. Supreme Court has unanimously ruled against Coinbase Inc. (COIN) in an arbitration dispute over its 2021 Dogecoin (DOGE) sweepstakes. 🐕💨 In a 9-0 ruling, the court clarified that when parties are governed by multiple contracts, it's up to the court to decide which legal agreement takes precedence. 🏛️📜 Coinbase had hoped to settle the dispute through arbitration, based on user agreements that mandate arbitration for all customers. However, a federal judge ruled that the sweepstakes terms, which specified California's court system for related disputes, overruled the customer agreement. 🚫⚖️ The Supreme Court upheld the lower court's authority, dismissing Coinbase's argument that ruling against them would lead to legal chaos and enable parties to dodge arbitration agreements. 🎯👩‍⚖️ Richard Silberberg, an arbitration lawyer, noted that the decision was "hardly surprising" and confirmed that "a court, not an arbitrator, must decide whether the parties' first agreement was superseded by the second." 📚👨‍⚖️ The dispute originated from a lawsuit by former Coinbase user David Suski, who claimed that the "Trade Doge, Win Doge" contest misled participants into thinking a $100 purchase or sale of Dogecoin was required to win cash prizes. However, the fine print revealed an alternative entry method via mail, avoiding the need for purchase. 📬💸 In response to the ruling, Coinbase's Chief Legal Officer Paul Grewal commented, "Some you win. Some you lose. We are grateful for having had the opportunity to present our case to the court and appreciate the court's consideration of this matter." 🙏🎢 Stay tuned for more updates on this rollercoaster ride in the crypto world! 🌐💫
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🚀🚀Buckle up, BTC enthusiasts! The U.S. Congress may be warming up to crypto, but President Biden could still be a roadblock, says Senator Cynthia Lummis. 🧐 In a recent interview, Lummis shared insights on Capitol Hill's evolving views on crypto and the parties still resisting pro-crypto legislation. The big question? Whether Biden will sign H.J.Res. 109 into effect. This resolution, which has bipartisan support, aims to repeal a prior SEC rule that made it tricky for regulated banks to offer crypto custody services. 🏦💼 Biden had threatened a veto, but the strong bipartisan backing for the act has some hoping he might change his tune. 🎵🎶 However, Lummis warns that the SEC had already cautioned her about a potential Biden veto. Now, she says, the White House will have to reconsider. 🤔 Meanwhile, two other crypto-focused bills, FIT21 and the CBDC Anto Surveillance State Act, have passed the House. FIT21 even secured a two-thirds majority vote, enough to override a potential presidential veto if the Senate shows equal support. 📜👏 Lummis notes that bipartisan support for crypto is growing, but opposition still exists, mainly from the "progressive wing" of the Democratic party. 😬 Going forward, Lummis encourages the crypto industry to engage with their congresspeople and educate them about digital assets. She sees the 2024 political opportunity as a chance to establish a lasting framework for the digital asset industry. 🎓📚 So, will Biden veto pro-crypto legislation? The crypto world is watching! 👀🍿
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