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🪙 Crypto News (May 1, 2024): 1️⃣ Eigen Foundation: The #EigenLayer restaking protocol is set to unveil the native coin #EIGEN in May. 15% of the total supply will be allocated to those who have staked assets on the platform. As per the announcement, the token will be issued by the independent nonprofit organization Eigen Foundation. Investors in the project will be granted 29.5% of EIGEN, while early participants will receive 25.5%. Asset holders will undergo a three-year vesting period, with a monthly release of 4% of the coins. 🚀 2️⃣ BeInCrypto: Phoenix Wallet and Wasabi Wallet express concern that non-custodial wallet providers in the US might face legal repercussions. These services are ceasing operations for American clients in response to the conflict between authorities and Consensys, the parent company of MetaMask, as well as the bitcoin mixer Samourai Wallet. ⚠️ 3️⃣ HKEX: On April 30, trading commenced on the Hong Kong Stock Exchange (HKEX) for six spot ETFs based on #Bitcoin and Ethereum. 📈 4️⃣ BNB Chain: The development team behind #BNB Chain has initiated the second phase of the Airdrop Alliance program, ensuring ongoing retroactive airdrops for users of BNB Smart Chain (BSC) and opBNB. The snapshot for this will be taken on May 15. 💸 5️⃣ Chainwire: The L1 blockchain Sui has forged a partnership with Google Cloud, a cloud service provider. This collaboration aims to tackle Web3 challenges through data analysis leveraging artificial intelligence and Zero-Knowledge Proofs technology. ☁️ 😊 If you found this content engaging, why not consider subscribing for more updates on the latest news and trends in the crypto world!

🪙 Crypto News (May 1, 2024):

1️⃣ Eigen Foundation: The #EigenLayer restaking protocol is set to unveil the native coin #EIGEN in May. 15% of the total supply will be allocated to those who have staked assets on the platform. As per the announcement, the token will be issued by the independent nonprofit organization Eigen Foundation. Investors in the project will be granted 29.5% of EIGEN, while early participants will receive 25.5%. Asset holders will undergo a three-year vesting period, with a monthly release of 4% of the coins. 🚀

2️⃣ BeInCrypto: Phoenix Wallet and Wasabi Wallet express concern that non-custodial wallet providers in the US might face legal repercussions. These services are ceasing operations for American clients in response to the conflict between authorities and Consensys, the parent company of MetaMask, as well as the bitcoin mixer Samourai Wallet. ⚠️

3️⃣ HKEX: On April 30, trading commenced on the Hong Kong Stock Exchange (HKEX) for six spot ETFs based on #Bitcoin and Ethereum. 📈

4️⃣ BNB Chain: The development team behind #BNB Chain has initiated the second phase of the Airdrop Alliance program, ensuring ongoing retroactive airdrops for users of BNB Smart Chain (BSC) and opBNB. The snapshot for this will be taken on May 15. 💸

5️⃣ Chainwire: The L1 blockchain Sui has forged a partnership with Google Cloud, a cloud service provider. This collaboration aims to tackle Web3 challenges through data analysis leveraging artificial intelligence and Zero-Knowledge Proofs technology. ☁️

😊 If you found this content engaging, why not consider subscribing for more updates on the latest news and trends in the crypto world!

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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🪙 Crypto News (May 11, 2024): 1️⃣ Incrypted: The aggregator #1inch has announced the launch of Fusion 2.0, promising even greater efficiency for conducting swaps. 🔁 2️⃣ BlockFi: Crypto lender #BlockFi has disclosed the closure of its web platform in May 2024, opting to collaborate with the American exchange Coinbase for client fund withdrawals. 💼 3️⃣ Lookonchain: In a clandestine maneuver, an anonymous user accrued $2.5 million in unrealized profits on the nascent #Minette token, investing 2.89 SOL ($445). The trader withdrew 3.89 SOL ($600) from Binance, utilizing 2.89 SOL ($445) to procure 2.46 billion Minette during the same block in which the developer injected liquidity. After 15 hours, they offloaded 1.04 million Minette for 998.7 SOL ($153,560), retaining a balance of 1.42 million Minette valued at $2.5 million. 💰 4️⃣ Binance: The cryptocurrency exchange #Binance has revealed plans to list the token Notcoin (NOT) on May 16, 2024. Furthermore, Binance has unveiled an opportunity for #NOT farming on Launchpool through BNB and/or FDUSD staking, with the event scheduled from May 13 to 16. 📈 5️⃣ CoinDesk: On May 10, 2024, cryptocurrency exchanges Binance and KuCoin received approval from India's Financial Intelligence Unit (FIU) to resume operations within the country. 🇮🇳 👍 Enjoying the content? Consider subscribing for more updates!
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📈 Prediction (ETH and LTC): 😁 ETH/USDT - #Ethereum briefly dipped below the $3,000 mark, and further decline could lead to a two-month low. However, the likelihood of this event is diminishing as investors regain confidence in the altcoin's prospects. According to data from the Santiment analytical platform, the number of #ETH transfers to exchanges has significantly decreased. This indicates that selling pressure is subsiding, and market participants prefer to hold onto their coins. Forecast: Currently, Ethereum is trading within a descending wedge and is approaching a breakout. If successful, the asset's price could rise by 28% to the key level of $4,000. However, a confident confirmation of $3,000 as support and movement towards $3,500 seem like a more realistic scenario. Nevertheless, ETH still risks falling to the lower boundary of the wedge, coinciding with the $2,800 mark. This would lead to increased losses and a potential plunge to $2,600, rendering the bullish thesis invalid. 🤫 LTC/USDT - Litecoin's price tends to react to investor behavior, and there's currently an increase in #LTC holder activity on the network. The number of addresses conducting transactions has increased by 22.66% over the past three weeks, from 353,000 to 433,000. Such growth in active addresses is observed for the first time in almost six months. The last time this occurred was in November 2023. Forecast: Litecoin's price is breaking out of the "Descending Triangle" reversal pattern. This bullish formation on the chart promises a potential trend reversal from bearish to bullish if the price breaks above the upper boundary of the pattern. Considering the aforementioned factors, the altcoin could initiate a potential rally of 27% towards the pattern's target at $102. However, for this to happen, LTC's price must first turn resistance at the $86 level into support. If this bullish breakthrough fails, #Litecoin may break support at $79, leading to the nullification of the pattern and the bullish scenario. In this case, the price could fall to $76 and below. 📊 Share analysis!
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🪙 Crypto News (May 10, 2024): 1️⃣ Cardano Foundation: The #Cardano Foundation, a non-profit organization headquartered in Switzerland and overseeing the cryptocurrency ADA, has appointed Giorgio Zinetti as its new Chief Technology Officer (CTO). Zinetti's focus will be on open-source solutions. 🔍 2️⃣ Optimism: Third-tier networks (L3) can now integrate into the Superchain ecosystem using the OP Stack technology stack. 🔄 3️⃣ DeDust: DeDust.io, a decentralized exchange on The Open Network (TON) blockchain, has launched staking for its native token SCALE. To participate, users need to visit the Staking #SCALE page, connect their TON-supported wallet, and click the Stake button. Staking has no minimum requirement. Withdrawals can be made after 72 hours or immediately with a 5% commission. 💼 4️⃣ Decentralized Recovery Alliance: #Ripple has joined Swirlds Labs and the Algorand Foundation as a founding member of the DeRec Alliance. This initiative aims to simplify the implementation and recovery of digital assets. In January, Limon Baird, co-founder of Hedera, conceived DeRec Alliance as an open-source project to establish methodologies and industry standards for convenient, secure, and decentralized asset recovery across all wallets. 🛡️ 5️⃣ PR Newswire: #Canaan unveiled the flagship product of the next generation of cryptocurrency mining devices, the A1566 series Avalon A15, at the Bitcoin Asia 2024 exhibition. 🚀 👍 If you haven't already subscribed, consider hitting the subscribe button for more updates like these!
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