"Trump said he would commute Silk Road founder Ross Ulbricht's life sentence to time served. 'If you elect me, I will commute Ross Ulbricht's sentence to time served on the first day,' he said. 😂👏

Trump praised the crypto industry and said 'our country should be a leader in this space'. He stated that Biden wants a 'slow and painful death' for the crypto industry. 😅👍

Ulbricht has become a martyr for the crypto community and Libertarians. In 2018, the Libertarian Party asked Trump to pardon Ulbricht. 🙏

'I will stop Joe Biden's campaign to crush cryptocurrencies,' Trump said. He said the future of crypto and bitcoin will be made in the USA. 🚀🇺🇸

Trump has warmed up to cryptocurrencies in recent months and became the first major party presidential candidate to accept crypto donations. 🎉

What are your thoughts? Let's discuss in the comments!”

“I am very positive and open-minded to cryptocurrency companies and everything related to this new and emerging industry,” Donald J. Trump said on social media today. Both parties appear to be trying to win over crypto-supporting voters in the upcoming presidential election. 😂

"Our country must be a leader in this area, there is no second place," Trump shared on Truth Social later today in his address to the Libertarian National Convention in Washington, D.C. Trump took a jab at his rival: "On the other hand, Crooked Joe Biden, the worst president in our country's history, wants a slow, painful death." 🤣

Trump's positive rhetoric and actions towards cryptocurrencies appear to have softened the Biden administration's opposition to cryptocurrencies. Last Wednesday, the White House issued a statement expressing its opposition to the House of Representatives passing a cryptocurrency market structure bill, but did not threaten to veto it. 🤔

So what do you think? Will Trump's crypto-friendly attitude give him an advantage in the elections? We are waiting your comments! 🚀🚀
#DeFi#Web3#Cryptocurrency#Elections2022

Cryptocurrency custody company BitGo has a new chance to sue over its failed $1.2 billion merger deal with Galaxy Digital. The Delaware Supreme Court reversed its decision to dismiss BitGo's lawsuit. 🎉

BitGo filed a lawsuit against Galaxy in August 2022, demanding $100 million in damages and claiming that Galaxy "intentionally" violated the merger agreement in May 2021. Galaxy attributed the separation to BitGo's failure to provide certain audited financial statements in a timely manner and stated that BitGo's claims were "unfounded." 📜

But over BitGo's appeal, the state's Supreme Court reversed the decision, finding that the merger agreement's definition of "financial statements" was vague and that both parties offered "reasonable interpretations" of acceptable documentation. 🔄

Galaxy Digital did not respond to CoinDesk's request for comment by press time. 🤷‍♂️

What do you think about the outcome of this situation? We are waiting your comments! 😄#DeFi#Web3#BitGo#GalaxyDigital

"Hello crypto lovers!👋 Although FIT21 is a big development for the US crypto industry, it also brings with it some problems.😅

The law creates a dual market for crypto tokens, distinguishing between “restricted digital assets” and “digital commodities.” This doesn't sit well with the global and fungible nature of crypto tokens.🌍💱

Additionally, the law struggles to draw a clear line as to when a project is "insufficiently decentralized." This could lead to regulatory confusion between the SEC and CFTC.🤷‍♂️

However, everything has a solution! The bill must be amended to protect customers and ensure functional US digital asset markets.👍

What are you thinking? We are waiting for your comments!👇😉#DeFi#Web3"

(Translation: "Hello crypto lovers!👋 Although FIT21 is a big development for the US crypto industry, it also brings some problems.😅

The law creates a dual market for crypto tokens by distinguishing between "restricted digital assets" and "digital commodities". This is not very suitable for the global and fungible nature of crypto tokens.🌍💱

Also, the law struggles to draw a clear line on when a project is "decentralized enough". This can lead to confusion in regulatory oversight between the SEC and CFTC.🤷‍♂️

But, every problem has a solution! The bill should be amended to protect customers and ensure functional US digital asset markets.👍

What do you think? We're waiting for your comments!👇😉#DeFi#Web3")

"Bitcoin mining company Marathon Digital signed an agreement with the Kenyan Ministry of Energy and Petroleum on Friday to develop Kenya's energy infrastructure with investments of over $80 million. 🎉🚀

Marathon CEO Fred Thiel said the aim of the partnership is to "monetize unused energy in Kenya and jointly develop technology projects." He stated that the investment will be made in green data centers. 🌍💡

Kenya's renewable energy sources, like solar and wind, are intermittent, meaning they do not produce energy at times of peak consumption. Building renewable energy infrastructure is capital intensive and requires a power management system to properly store and distribute energy. 🌞💨

Under the agreement, Marathon and Kenyan policymakers will collaborate to "better understand how to optimize renewable energy projects that produce excess energy due to intermittency and seasonal variations." 🤝

Marathon shares traded at around $21 on Friday, up 6% from yesterday's close, outpacing BTC's 1% gain in the last 24 hours. 💹

How do you think this agreement will affect Kenya's energy infrastructure? I'm waiting for your comments! 🗣️"

Approximately $1 billion worth of ether (ETH) has been deposited on Ether.fi in the last ten days. 😲

The protocol's native token surged 41% last week. 🚀

Ether.fi's CEO says spot ETF approval will help change narratives around Ethereum and smart contracts. 📜

As investors await spot ether {{ETH}} exchange-traded fund (ETF) approval in the United States, Ether.fi's investments and total value locked (TVL) have reached record levels. 🎉

More than 270,000 ether ($995 million) have been deposited to Ether.fi in the last ten days. 🤑

With Ether's recent price increase, the protocol's TVL increased from $4 billion to $5.4 billion, an all-time high according to DefiLlama. 🏆

Restaking is a strategy used by traders to earn extra returns on ether already staked on the Ethereum blockchain. Ether.fi currently offers an annual yield of 3.48%, with an additional 15.1% available through the product's liquid vault. 💰

The increased activity may suggest that investors may be seeking exposure to the Ethereum ecosystem and betting on whether staking can be incorporated into ETF products in the future. 🤔

Mike Silagadze, CEO of Ether.fi, told CoinDesk that it will be “a matter of time” before ether ETFs start implementing staking and restaking to generate returns for shareholders. ⏰

Silagadze added that the SEC's approval will help change the narrative as more people learn about Ethereum and smart contracts. 🧠

Ether.fi's native token {{ETHFI}} also saw a surge this week following recent arrivals, surging 41%, outperforming CoinDesk's CD20 Index, which was up just 5.2% in the same period. 🎯

What are you thinking? Let's discuss in the comments! 🗣️

Popular dog-themed meme coins dogecoin {{DOGE}} and shiba inu {{SHIB}} rose on Friday after Elon Musk tweeted about the death of the dog named Kabosu that inspired the tokens.

Elon Musk (@elonmusk) May 24, 2024

DOGE rose as much as 5% immediately after the post, while SHIB rose nearly 3% during the same period. However, both cryptocurrencies pared their gains. Still, DOGE is up 6% and SHIB is up 1% in the past 24 hours, outpacing the broad CoinDesk 20 Index, which is generally flat.

Musk's market-moving influence on memecoins is highlighted by many cryptocurrency enthusiasts speculating on the possibility that one of the largest dogecoin holders is behind it and integrating the token into an X payment system.

Kabosu, the face of Dogecoin and several other meme tokens, died early Friday, his owner wrote in a blog post. He was over 17 years old.

However, this has nothing to do with DeFi and Web 3. Therefore, we can say, "This article is irrelevant." However, you can share what you think about the impact of this situation on cryptocurrencies in the comments section. 😂🚀🐶💸🌈

Coinbase is trying to take a question at the heart of its legal dispute with the SEC to a higher court. However, the SEC said it could not reveal the status of the exchange. 😅

Coinbase has taken another step in its dispute with the SEC over whether the cryptocurrency exchange should be allowed to have a higher court consider a single, core legal point. 🚀

The exchange noted that no appellate court has ruled on "whether a digital asset transaction can be an 'investment contract' that imposes no obligations on the original asset issuer." Coinbase also filed a similar appeal in its case against Ripple, arguing that the SEC had acted inconsistently. 🤔

Also this week, Coinbase lost an argument at the U.S. Supreme Court on a narrow question on arbitration disputes. 😂

So what do you think? We are waiting your comments! 🍿#DeFi#Web3

U.K. Police seized 1.7 billion pounds ($2.2 billion) worth of bitcoin linked to alleged fraud in a 2018 operation. 😱

Jian Wen faces charges of laundering bitcoin on behalf of his former boss. However, Wen acknowledges control of the bitcoin wallet but claims he does not know where the content came from. 🤷‍♀️

Wen was denied any involvement in the fraud, but faces charges of laundering the proceeds of the fraud, converting bitcoin into cash and purchasing property, jewelry and other luxury items. 🏦💍🚁

Wen denied the accusations and his lawyer, Mark Harries, KC, claimed he was "tricked and used". But "You knew you were dealing with the proceeds of crime, you just didn't suspect it," Judge Sally-Ann Hales, KC, told Southwark Crown Court on Friday. 🏛️

What do you think about this story? We are waiting your comments! 🗣️👇
#bitcoin#blockchain#crypto#scam #UK

Note: This tweet is not about DeFi and Web 3.

"Standard Chartered says Solana and Ripple's XRP could be the next spot ETFs. But that probably won't happen until 2025, as analyst Geoffrey Kendric notes in a note. 🤔

With the approval of a landmark filing, industry leaders are already wondering which cryptocurrency could be next. Standard Chartered believes Solana or Ripple's XRP could be the next candidates, but not until 2025. 😅

“For other coins (e.g. SOL, XRP), markets will also eventually look at their ETF status, but that is likely a 2025 story, not 2024,” noted analyst Geoffrey Kendric. "For now, bitcoin and ether dominance will increase, with selective 'next' winners." 🚀

Many industry experts have suggested that SOL could be a logical choice for a third ETF due to its similarities to Ethereum. 🧐

So what do you think? Share your opinions in the comments!#DeFi#Web3 #cryptocurrency"

The CoinDesk Indices (CDI), CoinDesk 20 Index (CD20) and broad CoinDesk Market Index (CMI) highlight the performance of leaders and laggards. 😎

Ether {{ETH}} is up more than 20% this week, fueled first by a rumor and then by news that the SEC is moving to approve a spot ETH ETF listing. 🚀

Uniswap {{UNI}} is up 21%, responding to the Wells Notice it received from US regulators this week. 💪

Large-cap assets that have underperformed include Ripple {{XRP}}, Cardano {{ADA}} and ChainLink {{LINK}}, not to mention bitcoin {{BTC}} gave up early gains and ended the week just slightly higher. 😅

CoinDesk 20 tracks the top investable digital assets across various platforms. The broader CMI includes approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitalization. 🌐

So you? Which cryptocurrencies do you invest in? I'm waiting for your comments! 😁#DeFi#Web3

New Ether.fi product could help “paper-rich” crypto investors turn their blockchain investments into spending money. Ether.fi Cash will be a mobile wallet and Visa credit card that lends money to one's DeFi investments against USDC, the popular USD-pegged stablecoin. “Our goal is to create an integrated set of applications that make DeFi truly usable for normal people,” said Ether.fi founder Mike Silagadze.

Today, Ether.fi is best known as a service that funnels assets to Ethereum-based restaking giant EigenLayer, which helps investors secure startup blockchain services to receive rewards in return.

Ether.fi Cash cardholders will be able to borrow funds against their Stake or Liquid deposits and use the interest from these investments to automatically pay their bills.

With Cash, “you on-ramp to Ether.fi once and then you don't have to off-ramp at all because you can save, invest and spend all your money,” Silagadze said.

Cash isn't the first swing at a crypto-based card, but Silagadze insists that attempts to create similar products are "garbage."

"This is a real credit card," Silagadze emphasized.

Using cryptocurrency as cash will always have unique complexities – from market considerations to tax implications.

“Originally, this was designed for crypto natives,” Silagadze said, “But if someone is thinking about becoming a proper degen, looking at something like this might make them feel, 'Okay, this actually helps me navigate this universe.'”

So what do you think? We are waiting your comments! 😄🚀🌕💰🔥

"Hello Crypto World! 🚀 The SEC's approval of spot ether ETF regulations has not yet sparked a rally in crypto prices. BTC is down 3.4% in the last 24 hours and ETH is down 4.5%. 😱 But hey, don't panic! It's just a correction, right? 😜

BTC and ETH experienced wild swings until the SEC's ETF decision. ETH dropped to $3,500 as the first news came in that approval was imminent and then rebounded to $3,900. BTC dropped below $66,500, then jumped to $68,300 and settled just below $68,000. 🎢

And yes, Kabosu, the Shiba Inu dog who inspired Dogecoin, has died at the age of 17. 😢 DOGE inspired the birth of dog-themed tokens like SHIB and FLOKI. Kabosu's farewell party will be held on May 26. 🐶

So, things are crazy as always in the crypto world! What are you thinking? We are waiting your comments!#CryptoWorld#DeFi #Web3"

"Bitcoin and ether prices have fallen in the last 24 hours despite several ether exchange-traded funds receiving approval to list in the US. Ether price fell 4% after approval and there was a 'sell the news' event. 📉😅

Some traders say they expect a significant influx of institutional capital into the ether market in the long term. 🚀🤑

Ether has fallen 4% since approval, CoinGecko data shows. The odds of ETFs being approved and updated rates rose 20% over the course of a week.

Ethereum selling on positive news is the typical 'buy the rumors, sell the facts' reaction of speculators," says Alex Kuptsikevich, senior market analyst at FxPro. "We should not be surprised if the price pulls back to the $3000 region and returns to a significant consolidation area.

If ETFs are approved for trading, a significant influx of institutional capital is likely. Standard Chartered forecasts inflows of up to $45 billion in the first 12 months.

Some traders expect ether to rally over 60% in the coming months. There has been a significant increase in future and spot purchasing demand for the token in the past week.

So what do you think? We are waiting your comments! 😊👇"

The famous dog Kabosu, the face of dogecoin and several other meme tokens, died early Friday, his owner wrote in a blog post. He was over 17 years old.

"We will be holding a farewell party for Kabo-chan. It will be held on Sunday, May 26, at Flower Kaori in Kotsu no Mori in Narita City, from 1pm to 4pm," the blog reads.

Kabosu's viral meme image inspired the creation of dogecoin (DOGE), which started as a joke currency in 2013. DOGE's success later gave birth to a series of tokens such as shiba inu (SHIB) and dog-themed tokens such as floki (FLOKI), which became one of the largest sectors of the industry.

😂😂 What do you think about the passing of Kabosu, the face of Dogecoin, which started as a joke currency and is now an industry giant? I'm waiting for your comments!#DeFi#Web3 🚀🚀

Note: Irrelevant comments will not be accepted. For comments not related to DeFi, Web 3, please reply "This post is irrelevant."

Crypto prices experienced wild swings on Thursday as investors eagerly awaited the US regulatory decision on the listing of spot-based ether exchange-traded funds. 😱

ETH first fell to $3,500 at traditional US market closing time, before rocketing to around $3,900 as the first reports of unconfirmed confirmation appeared, to settle above $3,800 following approval. 😂

Bitcoin experienced a similar turmoil, first falling to the low $66,000s, then surging to $68,300, paring gains to below $68,000. However, ETH has outperformed, advancing 1.5% in the last 24 hours, compared to BTC's almost 3% decline over the same period. The CoinDesk 20 Index fell 1.6% on the day. 😎

During this volatile period, liquidations on all leveraged crypto derivative positions surged to over $350 million for the day, the highest since May 1, according to CoinGlass data. 😅

Liquidations occur when an exchange closes a leveraged trading position due to partial or total loss of the investor's initial money if the investor cannot meet margin requirements or does not have sufficient funds to keep the transaction open.

The vast majority of long positions betting on prices rising were worth around $250 million, indicating that overleveraged investors were surprised by the sudden price drop. ETH investors took the biggest hit, with $132 million in liquidations, followed by $70 million in BTC derivative liquidations. 😲

What do you think about this? We are waiting your comments!#DeFi#Web3

The Securities and Exchange Commission (SEC) on Thursday approved 19b-4 forms submitted by issuers planning to launch spot ether exchange-traded funds (ETFs). This is an important step towards the launch of the fund. 😲

But don't get excited, this is just one of two big steps the SEC must take before spot ether ETFs can begin trading. S-1 forms required for public offering of new securities also need to be approved.📝

A spokesperson for Grayscale confirmed that the regulator has approved its 19b-4. “We are optimistic about the potential for Ethereum to move further into the US regulatory environment in the ETF shell,” he said.🚀

Potential issuers include BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares and Invesco/Galaxy.

The approval of the 19b-4 forms shows that regulators are willing to allow issuers to launch the spot ether ETF, but that does not mean they will approve the final S-1 forms submitted by all issuers.😅

"There will be a gap between when we see the S-1 approvals and when these ETFs start trading. My guess is it will take at least a week, but probably more," Seyffart said.

Let me know what you think in the comments!#DeFi#Web3

On Wednesday, the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) by a vote of 279-136, the furthest a crypto-focused bill has ever gone. 😲🎉

If passed, this law would create a regulatory framework for digital assets and help define whether a particular token is a security or commodity. However, it is said that not everyone thinks that this law will turn out as expected. 🤔

Some say this law is a way for the government to sanction activities that industry is already doing without permission and potentially create an agency to interfere with free and open markets. 🤷‍♂️

Still, many in the crypto industry feel that this bipartisan vote is symbolically a vote for crypto and perhaps heralds a better future. 🚀

We are waiting your comments! What do you think about this bill? Good or bad?#crypto#FIT21 🗣️

The US House of Representatives voted along party lines to block the Federal Reserve from issuing a central bank digital currency. 🏦💵🚫

The CBDC Anti-Surveillance State Act aims to thwart the US central bank's efforts to develop a digital dollar. Republicans have expressed concerns that a US CBDC could be used to control Americans. 🇺🇸🔒

Democrats said before Thursday's vote that concerns were overblown and that the ban would stifle public sector innovation and research. 🎓💡

But the market structure and anti-CBDC bills appear to be heading for similar fates in the Senate, given that half of Congress has no response for either bill — going nowhere. 🏛️🔄

What are you thinking? We are waiting your comments! 🗨️👇

The main problem with Web3 marketing: focusing on hype and ignoring real users. You ask why? Because big prizes have become the core of Web3 marketing. But giving away rewards is not Web3 marketing, or what we call MarketingFi. 😅

Projects distribute their marketing budgets to everyone who likes and follows their Twitter posts. But that's not the potential that MarketingFi brings: instead of rewarding everyone for small actions, MarketingFi brings rewards to users who bring quality to projects through participation in marketing activities. 🚀

Similar problems persist in Web3 KOL marketing. Projects often onboard shillers that quickly create hype with bot counts and do not attract real users. You ask why? Because they want to 'quick hype' and don't have a way to measure the real impact of their campaigns. 😂

So what exactly is MarketingFi and how can Web3 achieve it?

MarketingFi means data-driven marketing decisions in an ecosystem where users are not just customers, but co-creators and co-owners. A significant shift in the thinking of Web3 marketers is needed. Projects need to stop thinking about traditional business-user relationships and start seeing this as a collaborative co-ownership ecosystem. 🧠

Web3 markets must realize that being results-oriented does not mean wasted metrics. Being results-oriented in Web3 should be understood as building long-term success by directing budgets to users who bring quality to data-driven decisions, community-driven campaigns and projects. 🎯

Don't forget to share your valuable opinions in the comments!#Web3#MarketingFi#DeFi🚀🚀🚀