🚨🚨🚨BIG BREAKING:

Russia 🇷🇺 prepares for total Bitcoin💰 Ban as geopolitical tensions rise.

“Digital rubles will be allowed. The need for a ban is due to the fact that #Bitcoin is a currency that replaces the ruble in the country” - Aksakov, Chair- Financial Market.

#CryptoNews #bitcoin #Russia

🚨🚨🚨JUST IN : Justin Sun said Ethereum💰 spot ETF will not be approved in May.

TRON founder Justin Sun expressed on X platform that he believes that #Ethereum spot ETF will not be approved in May. The #crypto industry still needs to prepare for long-term education for regulatory agencies, with a focus on helping them understand crypto.

#ETF #CryptoNews🚀🔥 #CryptoNews

💰 Polkadot Referendum 706 proposes to reduce inflation and fix the total supply of DOT at 2.1 billion.

Polkadot Proposal 706 is currently being voted on, proposing to reduce inflation based on a new algorithm and targeting a fixed supply of 2.1 billion #DOT. As of now, there are more votes against the proposal.

#cryptopm #cryptonews

🔥 Don't trade 3 cryptocurrencies in may 2024

♦️ Memecoin (MEME)

📉 Memecoin (MEME) stands out with a substantial value of $144.64 million for its 5.318 billion MEME tokens. On May 3, the team plans to unlock these tokens, potentially inflating the circulating supply by 32%, which could lead to a significant market downturn.

💰 Out of the total, 3.45 billion MEME tokens will be released via an airdrop, amounting to $93.92 million. This figure exceeds Memecoin’s 24-hour trading volume of $40 million by more than double.

♦️ dYdX Protocol (DYDX)

🔄 The decentralized exchange protocol, DYDX, is once again highlighted as a cryptocurrency to avoid trading due to upcoming unlocks. On May 1, the protocol is set to release 33.34 million DYDX tokens into circulation, currently valued at $70.33 million.

💸 Early investors will receive the majority of the unlocked tokens, valued at $39.01 million, while the remaining $21.48 million worth of DYDX will be available for sale by the team in the following weeks.

♦️ Optimism (OP)

🌐 Optimism (OP) has the third-largest token unlock scheduled for the first week of May. Traders are advised to steer clear of OP despite a relatively lower inflation rate compared to the previous two cryptocurrencies.

💼 The layer-2 blockchain for the Ethereum (ETH) ecosystem plans to unlock 24.16 million OP tokens, valued at $56.29 million. Core contributors will receive 12.75 million tokens on April 29, with investors receiving the remaining 11.41 million tokens.

While increasing a token’s supply does not guarantee a price decrease, traders will likely speculate on the potential economic impact of these unlocks on price movements.

#Fed #Megadrop #BinanceLaunchpool #NFP #ScamRiskWarning

#SatoshiNakamoto 👤

📅 Now 13 years since disappearance... 🙄

In his final email on April 23, 2011, at 1:43 PM, Satoshi Nakamoto declared he had "moved on to other things" and expressed faith in the community, singling out Gavin, to carry on Bitcoin's evolution.

This farewell marked a crucial juncture for $BTC , passing its reins to the developer community.

Nakamoto's exit remains veiled in mystery, adding to his enigmatic legacy in the tech sphere. His identity & whereabouts continue to fuel speculation and fascination.
Always Trust in #Bitcoin 💯✔️🙏

#Megadrop #BinanceLaunchpool #bitcoinhalving

#Altcoin Insights 💡

📚 Those skeptical haven't delved into the data.

🚀 Altcoins gearing up for a parabolic surge, akin to trends seen in 2016 and 2020.

🔄 History may not replicate, but it often echoes familiar patterns.

1️⃣ Accumulation Phase

2️⃣ Backtesting

3️⃣ Launch Mode 🚀

#Megadrop #bitcoinhalving #BTC #Altcoins👀🚀

📢 Breaking news!

#BlackRock is diving into tokenization, aiming to tokenize various assets beyond spot ETFs.

💰 Despite BlackRock's initial skepticism about Bitcoin, CEO Larry Fink has recognized the potential profits in the crypto market.

🔄 Tokenizing traditional assets opens up new revenue streams, allowing for the digitization of diverse assets.

🕵️ Investigative journalists Whitney Webb and Mark Goodwin shed light on BlackRock's tokenization plans, warning of potential sinister implications.

💼 While blockchain offers transparency, assets like stablecoins have shown vulnerabilities to manipulation and control.

💡 Despite BlackRock's influence in the market, caution is advised regarding their entry into the crypto space. They may not have altruistic intentions and could pose risks to decentralization.

#TokenizationOfRWA

🚀 DYDX, the native token of the dYdX Chain, has rapidly evolved from a governance-only asset to a multifaceted powerhouse within six months of its launch.

📅 A Timeline of DYDX’s Launch:

- Launched in October 2023 alongside the dYdX Chain, following the launch of ethDYDX in August 2021.
- In September 2023, the dYdX community voted to adopt DYDX as the native token, with most ethDYDX tokens migrated to DYDX.

💼 Staking DYDX:

- dYdX Chain features a staking reward mechanism distributing 100% of protocol fees predominantly in Circle (USDC) to stakers.
- Over 18,900 DYDX stakers receive rewards, with $20 million disbursed so far.
- Approximately 149 million DYDX tokens are staked to active set validators, offering an annual percentage yield of 18%.

🔍 The Journey So Far:

- A recent community-approved proposal to liquid-stake 20 million DYDX aims to enhance network security and decentralize validator operations.
- The dYdX Chain boasts over $120 billion in cumulative trading volume and increasing staked assets.
- Community engagement is evident with 55 governance proposals initiated, showcasing active participation in decision-making.

💰 DYDX Token Details:

- Total supply: 1 billion tokens
- Circulating supply: 501 million DYDX
- Five-year token distribution schedule in place.
📈 With its rapid evolution and active community engagement, DYDX demonstrates promising potential within the dYdX ecosystem.

#DYDX/USDT #DYDXAnalysis #DYDX🔔

The trial between Ripple and the SEC is progressing, with Ripple expected to respond to SEC motions by early May as per a new scheduling order by Judge Sarah Netburn. Attorney Jeremy Hogan predicts a possible conclusion to the lawsuit by summer, with Ripple potentially facing a $100 million settlement.

What's Next:

- Ripple and the SEC are in the trial phase, with Judge Netburn issuing a new scheduling order.
- The SEC must file its response by April 29, followed by Ripple's reply within three business days.
- Judge Netburn's previous favorable stance toward Ripple's XRP token gives hope for a favorable outcome.

Possible Scenarios:

- Hogan anticipates the lawsuit could be closed by summer, with a potential $100 million settlement.
- Previously, the SEC sought a $2 billion fine, while Ripple argued against XRP being classified as a security.
- Ripple's chief legal officer suggested a penalty of no more than $10 million.
For more details on the legal battle and its implications, watch our dedicated video.

#xrp #XRPVSSEC

👨‍⚖️U.S. presidential candidate Robert F. Kennedy Jr. proposed putting the U.S. budget on the blockchain during a rally in Michigan, suggesting it would enhance transparency by allowing Americans to track government spending.

🐂 Analysts at Kaiko express skepticism about a sustained bull run for Bitcoin post-halving, contrary to earlier expectations. Decreasing miner rewards may not be the primary catalyst for growth, especially as miners are reportedly losing money.

💼 The SEC delays its decision on spot Ethereum ETFs, with prospects for approval seeming dim. Industry heavyweights vie for approval, but one analyst pegs the likelihood of approval at just 35%.

🔒 Samourai Wallet founders are arrested for money laundering, while Wasabi Wallet blocks U.S. citizens from its services. Phoenix Wallet will also cease operations for U.S. residents.

⚖️ Custodia Bank challenges a lower court’s decision to deny its attempt to join the U.S. banking system. Pro-crypto lawyer John Deaton vows to support Coinbase’s legal motions. The SEC sues Bitcoin mining company Geosyn, alleging unregistered securities offering. Consensys sues the SEC over Ethereum oversight attempts.

📉 The spot Bitcoin ETF sector experiences outflows, while BNY Mellon's exposure to BTC ETFs highlights growing institutional interest. Ethereum co-creator Vitalik Buterin points out drawbacks in Bitcoin's proof-of-work design. Blockchain developer Movement Labs secures $38 million in VC funding, reflecting continued investor interest in the cryptocurrency sector.

#Megadrop #CryptoNews🚀🔥V

💰 An investment has been made to support the development of a layer 3 blockchain, bolstering the Shiba Inu cryptocurrency ecosystem, which already includes the SHIB token.

💼 Funding was secured through a pre-sale of the yet-to-launch TREAT token, attracting contributions from notable firms like Polygon Ventures, Mechanism Capital, and Animoca Brands.

📈 These investments reflect confidence in the project's potential to innovate within the crypto space.

🔒 The upcoming blockchain will prioritize advanced security features, including Fully Homomorphic Encryption, ensuring high privacy by enabling calculations on encrypted data.

🚀 Scheduled for a testnet launch in late 2024, the project aims for a mainnet release following thorough testing to confirm its robustness and efficiency.

💡 With a valuation potentially reaching $200 million, the project's funding stages underscore its growing market significance and the expansion of Shiba Inu's reach within the crypto landscape.

#SHIBARMYSTRONG. #Shibalnu #SHİB

🔄 Ripple has adjusted its U.S. On-Demand Liquidity (ODL) operations, opting for Tether (USDT) over XRP following a court decision regarding U.S. securities laws.

📜 This legal adaptation was disclosed in Ripple’s opposition to the SEC's proposed penalties and final judgment.

🔁 In response to the court's ruling, Ripple’s President, Monica Long, announced the transition to USDT for all U.S.-based ODL services, emphasizing the importance of using legally approved stablecoins for future transactions in the U.S.

📢 Crypto Eri shared this update on social media, echoing Long's emphasis on using compliant stablecoins for U.S. transactions.

🌐 The company has shifted its focus to its Singapore subsidiaries, which now handle most new XRP sales contracts for ODL customers, primarily outside the U.S. This strategic shift aims to navigate U.S. regulatory constraints while sustaining international operations.

💼 Ripple's accounting expert, Anthony Bracco, calculated significant financial losses prior to the SEC lawsuit, underscoring Ripple's reliance on XRP sales for revenue and highlighting the economic impact of regulatory challenges on its operations.

#xrp #XRP

🌱 PayPal unveils a proposal aimed at promoting eco-friendly Bitcoin mining, seeking to mitigate the environmental impact associated with the process.

💡 The initiative offers additional Bitcoin rewards to miners utilizing sustainable energy sources, aiming to incentivize the transition to greener mining practices.

📊 The proposal, disclosed by PayPal’s Blockchain Research Group, targets Bitcoin's proof-of-work (PoW) system notorious for its high energy consumption.

🔑 PayPal suggests allocating extra Bitcoin rewards exclusively to "green miners" identified through unique cryptographic hashes termed "green keys."

💰 Transactions tailored for green miners would incorporate a multi-sig wallet with additional Bitcoin accessible only with green keys, accompanied by reduced fees to attract environmentally conscious miners.

🔄 Despite the incentives, the proposal has sparked mixed reactions. Critics argue that many miners are already shifting towards greener methods without additional inducements.

🚫 Concerns linger over the possibility of non-green miners processing these transactions if the low fees fail to sufficiently deter them.

💡 PayPal's report explores alternative strategies, such as leveraging smart contracts or the Lightning Network, to directly reward green miners, albeit requiring heightened trust among participants.

#PayPal #BitcoinMining #EconomicForecast #PoW

🚀 Grayscale announces the launch of the "Grayscale Bitcoin Mini Trust," a more affordable version of its Bitcoin trust, with a fee of just 0.15%.

💼 This move aims to strengthen its position amid market volatility and the upcoming Bitcoin halving event.

💰 Spot Bitcoin ETFs in the U.S. are regaining investor interest, with a collective inflow of $62 million on April 22, 2024, according to SoSoValue data.

📈 Leading the pack, the Fidelity Wise Origin Bitcoin Fund (FBTC) attracted the highest inflow of $34.83 million, with other funds also performing well.

📉 However, the Grayscale Bitcoin Trust ETF (GBTC) saw outflows of about $35 million, despite overall positive inflows in spot Bitcoin ETFs, indicating a broader recovery in investor confidence.

💼 BlackRock’s iShares Bitcoin Trust ETF (IBIT) maintains a 69-day streak of net inflows as of April 23, 2024, with an average daily inflow of $223.4 million in April.

💡 Grayscale's move to launch the low-cost Bitcoin Mini Trust aims to reverse negative trends, making it competitive against cheaper offerings from firms like BlackRock and Fidelity.

🔍 The introduction of the Bitcoin Mini Trust signifies Grayscale's bid to regain market share and attract new investments amidst intense competition in the Bitcoin ETF arena.

#GRAYSCALE #bitcoinhalving #Token2049

🚨 Recent rumors circulated about a supposed directive from the Central Bank of Nigeria (CBN), purportedly warning local financial institutions against involvement with cryptocurrencies and supporting crypto exchanges.

📉 This came as a surprise since Nigeria had lifted a previous ban on banks collaborating with digital asset providers just four months earlier.

📰 Reports suggested the CBN issued a circular advising banks and financial bodies to steer clear of cryptocurrency transactions, referencing a prior prohibition.

🛑 The alleged directive also named specific crypto exchanges like Binance and OKX as off-limits and outlined measures against entities involved in crypto transactions, including a six-month account freeze.

🔍 However, the CBN swiftly addressed these rumors, stating via social media that the circular was fabricated and not issued by their office.

💼 Separately, the Economic and Financial Crimes Commission (EFCC) took action by freezing over 300 accounts linked to illicit forex activities on a P2P platform.

🔒 The EFCC chairman clarified that this move aimed to combat schemes harmful to the country’s economic security, noting that unauthorized transactions exceeded those of known entities like Binance.

💡 These developments highlight the complexities and ongoing scrutiny within Nigeria's financial sector, particularly regarding cryptocurrencies and foreign exchange regulations.

#CBDCs #CBDC. #bitcoin #Metaverse

🚨 The U.S. Securities and Exchange Commission (SEC) is reportedly proposing a staggering $5.3 billion fine against Do Kwon, the founder of the Terra ecosystem, marking a potential record in the cryptocurrency sector.

💼 Following Kwon's recent fraud conviction, the SEC alleges that he and Terraform Labs unlawfully profited nearly $4 billion from selling unregistered securities.

📰 The suggested penalty includes a $4.2 billion disgorgement to reclaim these gains, alongside $545 million in interest, with additional civil penalties of $420 million for the company and $100 million for Kwon himself.

⚖️ Kwon's defense contends that the token sales didn't fall under U.S. jurisdiction and thus didn't breach its laws.

🛂 Kwon's legal woes worsened after his 2023 arrest in Montenegro for possessing a counterfeit Costa Rican passport while en route to the UAE.

🔍 He currently awaits extradition to the U.S. and South Korea to face further charges linked to Terra's $40 billion collapse.

#SEC #CryptocurrencyAlert

📈 Matt Hougan, Chief Investment Officer at Bitwise, envisions a future where Bitcoin's volatility could plummet by 50% due to increased institutional participation.

💼 In an investor update, Hougan reaffirmed his price target of $250,000 for Bitcoin in the near future.

🚀 Leading up to the 2024 halving, Bitcoin reached record highs, a trend Hougan expects to continue post-halving, citing historical patterns.

📊 Hougan highlights the impact of spot Bitcoin ETFs, attracting institutional investors with disciplined strategies, promising to stabilize the traditionally volatile market.

📈 By 2028, Hougan anticipates Bitcoin becoming a staple in diversified portfolios, potentially constituting 5% or more of allocations.

💰 Capital inflows into Bitcoin ETFs could surpass $200 billion, bolstering Bitcoin's stability and cementing its status as a mainstream financial asset.

🔍 This optimistic projection acknowledges risks like market volatility and regulatory challenges associated with cryptocurrency investments.

🖼️ Hougan paints a future where Bitcoin not only gains wider institutional acceptance but also becomes a foundational element of investment strategies, reshaping its market dynamics by the 2028 halving.

#Megadrop #BinanceLaunchpool #bitcoinhalving #BullorBear #BTC

🚀 Grayscale Investments is taking cues from BlackRock, unveiling a new, cost-effective version of its Bitcoin Trust ETF, GBTC.

📉 Although it may not match BlackRock's previous triumphs, experts foresee potential for rapid asset accumulation.

🔑 Grayscale's legal victory against the SEC paved the way for such funds, yet GBTC, despite its $20 billion assets, faces consistent outflows due to high fees compared to rivals.

💡 To counter this, Grayscale plans to launch the Bitcoin Mini Trust (BTC) with a lower fee structure, seeded with GBTC's bitcoin holdings and utilizing a spin-off mechanism.

💼 Additionally, Grayscale aims to introduce two ether ETFs, mirroring past strategies of other fund managers.

🔍 Observers like Neena Mishra anticipate GBTC's liquidity appeal to traders, while the new BTC may attract long-term investors.

👀 Ben Johnson remains skeptical, citing a crowded market with ample low-cost options and BTC's need to catch up.

💰 Despite challenges, a cheaper Bitcoin ETF could lure fresh investments, albeit facing stiff competition.

🔮 In essence, Grayscale's move mirrors giants like BlackRock but faces hurdles in a market flush with similar, cost-efficient options.

#BlackRock #GRAYSCALE

⚖️ Ripple has made a bold legal maneuver, countering the SEC's demand for nearly $2 billion in penalties with a proposed fine of just $10 million.

🔍 This comes after a court found Ripple guilty of selling its cryptocurrency, XRP, to institutional investors without proper registration.

📜 Ripple filed a detailed 186-page document, pushing back against the SEC's harsh penalties, acknowledging the court's ruling and adapting its business practices accordingly.

🛡️ Ripple argues against the necessity of further punitive actions, such as an injunction, citing its acceptance of the previous court decision and proactive adjustments to comply with legal standards.

💼 The company disputes the SEC's call for disgorgement, stressing that there's no evidence of financial harm to investors from Ripple’s actions.

💰 Regarding civil penalties, Ripple advocates for a much lower amount than the SEC proposes, citing precedents and the nature of the infringement.

⚖️ The XRP lawyer community supports Ripple’s defense, viewing its arguments as strong against the SEC’s demands, while critics like Jeremy Hogan anticipate a swift decision from Judge Torres.

💡 This legal standoff is pivotal, potentially shaping the regulation and legal treatment of cryptocurrencies in the U.S.

#xrp #XRP