$SOL $USDC $BNB #btc70k #PEPEโ #pizzaday #ETHETFS #BlackRock $ETH had a rollercoaster ride with the SEC pulling off a major move. They put the #EthereumEFT decision on hold for 6 hours, sending panic sellers into a frenzy, causing a $500 drop. But guess what? Ethereum quickly bounced back. The #SEC cleverly seized the moment, swiping liquidity and forcing liquidations, only to delay the decision and let people buy at the dip. It was a strategic move by the SEC, no doubt. The odds are looking good with an 80% chance of approval for the ETF, but there's still that sneaky 20-30% chance they might hit us with a delay
๐ Whale Alert: Ancient Bitcoin Miner Awakens!๐
Another long-dormant Bitcoin miner from 2010 has stirred, transferring a whopping 2000 #BTC (worth $140,000,000) to an unknown wallet! ๐ฐ๐ผ
This marks the second such "pensioner" to awaken in the last 10 days. Now *that's* what I call #HODLERSโwaiting over a decade to make a move! ๐ชโณ
is Comingโฆ โ๏ธ . . . . Some voices are comparing Solana to Ethereum and suggesting a Solana , but Dogecoin and Litecoin are seen as more likely candidates due to their Bitcoin similarities and high volume. Solana has a bullish market structure, with a breakout above 158 and consolidation. There's potential for a new all-time high around 240-250, but this depends on Ethereum approval. Solana is expected to consolidate between 185 and 170, aiming for a breakout above 185 with a target of 200-210. Solana's TVL is strong, and it is highly correlated with Bitcoin, likely to stay bullish even if the market dips post-approval. #SolanaAI $BTC $USDC $ETH
$SOL $USDC $BNB ๐ 10 Altcoins to Watch for Potential Binance Listings! ๐
As Bitcoin and Ethereum continue to rise, many investors worry they've missed out. But don't fret! Exciting developments at Binance could ignite the next altcoin surge:
1๏ธโฃ ETH Spot ETFs Approval:Could trigger significant gains across the altcoin market. ๐ 2๏ธโฃ Binance's Strategy:Plans to list promising mid-cap coins at lower values, avoiding low-volume, high-FDV pitfalls. ๐ฅ Top 10 Altcoins to Watch: 1.Destra Network (DSYNC) 2. Banana Gun (BANANA) 3. Patex (PATEX) 4. KTX Finance (KTC) 5. Propy (PRO) 6. Opulous (OPUL) 7. Verasity (VRA) 8. GamerHash (GHX) 9. Alethea AI (ALI) 10. ChainGPT (CGPT) Stay tuned as these altcoins could soar with potential Binance listings! ๐๐
๐๐๐ **Urgent Crypto Update: PEOPLE, EDU, and PEPE** ๐๐๐
1๏ธโฃ $PEOPLEis expected to face a significant correction this week, potentially dropping from the 0.08900 - 0.09200 range down to 0.07200, as indicated by the oversold RSI levels.
2๏ธโฃ $EDUis on a bullish trajectory, aiming for 1.2100. Avoid short positions until next week due to strong upward momentum and a positive RSI.
3๏ธโฃ $PEPEcontinues its pump, targeting 0.00001700. Short-term fluctuations may occur due to market reactions to recent ETH ETF news, but support remains fluctuating with a cautious RSI outlook.
๐ Reminder: This is not financial advice. Always Do Your Own Research (DYOR).
The US Securities and Exchange Commission (SEC) has just approved the launch of spot Ethereum ETFs, paving the way for a groundbreaking shift in the crypto market. ๐ These ETFs, which are now set for an accelerated launch, will undergo a weeks-long process of finalizing S-1 registration statementsโa crucial step for listing securitiesโand establishing exchange agreements through several rounds of SEC communication. ๐๐ผ ๐ธ Massive Inflows Expected ๐ธ Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, predicts a staggering influx of $15 to $45 billion into the Ethereum market within the first year! This approval marks a pivotal moment for institutional capital entering the crypto space. To address SEC concerns, potential issuers like Fidelity, Franklin Templeton, Ark, Invesco, Grayscale, Bitwise, and VanEck have all confirmed they will not stake ETH for yield. โ ๐ ๐ฎ Analysts' Predictions๐ฎ Bloomberg analysts Eric Balchunas and James Seyffart had already raised the odds of a spot Ethereum ETF being approved this month from 25% to 75% earlier this week, and now their foresight has come to fruition! ๐๐ ๐บ๐ธ Regulatory Shift ๐บ๐ธ This approval, coupled with the passage of the FIT21 crypto bill, signals a significant shift in the Biden Administrationโs stance on cryptocurrency. This follows former President Trumpโs commitment to support the industry and foster a more business-friendly environment in the US. ๐๐ค Just five months after the SEC approved 11 spot Bitcoin ETFs, this move represents a major evolution in the US regulatory landscape for digital assets. ๐๐
๐ฌ What This Means for Ethereum๐ฌ The approval of these Ethereum ETFs is expected to bring unprecedented liquidity and interest to the Ethereum market, setting the stage for a new era of growth and adoption. ๐๐ก
Stay tuned for more updates as this story unfolds! ๐๐ข
๐ AI Concept Coin GPT Experiences Rapid Short-Term Rise๐
According to Odaily, the AI concept coin GPT has soared by 9.27% in a rapid short-term increase! ๐น This surge is likely fueled by the positive buzz surrounding Nvidia's stellar financial report. Currently, GPT stands at 0.3540 USDT. ๐
The impressive rise in GPT's value reflects a strong market response, highlighting a fascinating link between Nvidia's performance and the cryptocurrency market. ๐ผ๐
โ ๏ธ Investor Advisory: The crypto market is notoriously volatile and unpredictable. While the current uptrend for GPT is exciting, it's crucial for investors to stay informed and exercise caution. ๐ง ๐ก
In a surprising reshuffle, the dog-themed cryptocurrency Shiba Inu (SHIB) has been overtaken by Avalanche (AVAX) in market rankings. ๐โก๏ธ๐๏ธ
Despite SHIB's stunning 300% rally from late February to early March, profit-taking has seen it slip to 12th place. ๐ Throughout this period, SHIB fiercely defended its 11th spot but was finally pushed down by AVAX's recent surge. ๐
In the last 24 hours alone, SHIB has lost roughly 4% of its value, trading at a high of $0.00002684 before retreating. The broader market's dip hasn't helped, although optimism around U.S. approval of Ethereum ETFs provided some temporary boosts. ๐
SHIB's struggle has been marked by consistent resistance at the daily SMA 50 barrier. Even after a successful break on May 20, it couldn't sustain the momentum. Meanwhile, AVAX has soared over 18% in the past week, now boasting a market cap of $15.6 billion compared to SHIB's $14.8 billion. ๐ฐ
Will SHIB reclaim its rank, or will AVAX continue its climb? Only time will tell. โณ
Here's the Analysis of MANTA ๐ : With this reference, MANTA gave the strong breakout after invalidating the pattern or fakeout. Now, market looks ready to make a move up and currently price is retesting back to support. Take it with lower lots as its always a risky level. #pizzaday #ETHETFS #PEPE โ #btc70k #altcoins $MANTA $USDC $BNB
Over the past few weeks, BofA clients have been busy shifting their portfolios! They've shown a strong preference for #ETFs, emerging as net buyers in this category. Meanwhile, they've been offloading stocks in the industrials and consumer discretionary sectors. ๐
Are ETFs the new favorite? It sure looks like it! ๐
MANTA has just staged a powerful breakout, smashing through the fakeout and proving its strength! ๐ฅ The market looks primed for an upward move, with the price currently retesting support levels. ๐
๐ Strategy: Enter with lower lot sizes due to the inherent risk at this level. Safety first! โ ๏ธ
๐๐On this day in 2010, Laszlo Hanyecz made a deal that would go down in historyโhe bought two pizzas for a whopping 10,000 BTC! At the time, those Bitcoin were worth just $41. It might have seemed like a slice of madness, but little did he know, he was kickstarting a revolution! ๐
Fast forward to today, and Bitcoin is topping the charts! ๐ Every day, its price climbs higher, making it one of the hottest assets around. ๐ If you're looking to hop aboard the Bitcoin bandwagon, there's no better time than now. Grab your slice of the future today! ๐๐ธ
Pump Fun Exploiter Busted in London! ๐ต๏ธโโ๏ธ๐ฅ
๐ฌ๐ง Breaking news from the heart of London! The elusive mastermind behind the infamous Pump Fun exploit has been caught! British police nabbed Jarett Dunn, aka @STACCoverflow, in a dramatic early Saturday morning sting in #London.
๐ A private security firm tracked down our modern-day Robin Hood using his own Instagram posts and some good old-fashioned detective work. After a thrilling 26-hour "slow burn" operation, they found Dunn hiding out at the swanky Middle Eight Hotel in Covent Garden.
๐ป Dunn, a true digital pirate, used his insider access to exploit the #protocol and swipe the funds in a mere 100 minutes. In a cheeky twist, he even ๐ช airdropped the stolen loot to random Solana users! ๐ The Pump Fun team has since revamped their smart contracts to boost security and vowed to compensate the victims.
๐ฒ Oh, and get thisโDunn's pseudonym "STACCoverflow" is a clever nod to his real name, Jarett, and the French phrase "jโarrรชte," meaning "I'm done." How witty! ๐
๐จโโ๏ธ Dunn is expected to stay in the UK until his next court appearance. Stay tuned for more updates on this digital drama!
๐ AVAX Soars 25% in One Week: Can It Keep the Momentum?๐
Avalanche (AVAX), Ethereum's fierce competitor, has surged nearly 25% this week! Currently trading at $40.49 on Binance, AVAX has formed higher highs and higher lows since May 15, signaling potential continued gains.
๐ธ Key Levels to Watch: - Trend Reversal: A close above $46.89 could confirm a trend reversal, targeting $47.32. - Support Levels: Holding above $34.79 is crucial to maintain momentum. Downside targets include $31.35 and $29.24.
๐ Indicators: - RSI: Climbed to 61, approaching overbought territory. - MACD:Positive momentum supports the uptrend.
๐ฎ Game Development Boost: Avalanche's new Layer 1 chain, GameChain, is set to attract game developers, enhancing AVAX's ecosystem and utility.
๐ Big News! Creator Of The Year 2023 Award from Binance!๐
I am thrilled to announce that I have been honored with the Creator Of The Year 2023 Award from Binance Exchange! ๐ถ๐งก This is an incredible achievement for all of us, and I couldn't have done it without your unwavering support. ๐
Thank you from the bottom of my heart! ๐โฅ๏ธ Your encouragement and belief in my work have been the driving force behind this success. Let's continue to create, innovate, and reach new heights together! ๐๐
๐ **Yuval Noah Harari Slams Bitcoin as "Currency of Distrust" ๐**
Famed philosopher Yuval Noah Harari, author of the best-seller "Sapiens," has recently voiced strong criticisms against Bitcoin, calling it a "currency of distrust." While he acknowledges the reasons for skepticism towards banks, he argues that Bitcoin's reliance on distrust of human institutions is a troubling trend.
Harari emphasizes that money's primary role is to foster trust among strangers, enabling large-scale cooperation. "I understand the causes for this distrust, but it is an alarming development," he remarked, urging humanity to rebuild trustworthy institutions instead of leaning on technologies rooted in skepticism.
๐ก Harari's Warning: - **Trust in Algorithms:** He cautions that if we place all our trust in algorithms, they could end up controlling the world. - **Historical Perspective:** Historically, limited trust in banks and governments led to money being minted from scarce gold, restricting economic cooperation. - **Modern Finance:** Today, with 90% of money being digital data, trust is more abstract and harder to grasp.
In March, Harari also spoke out against the integration of AI into finance, warning that it could obscure financial regulations even further. He advocates for a better understanding and regulation of AI before its widespread adoption in the financial sector.
Harariโs insights remind us that human cooperation, driven by shared myths and trust, is what powers our world. ๐ ๏ธ
๐จ Darknet Market Mastermind Busted in NYC: FBI Unravels $100 Million Cryptocurrency Trail๐จ
A 23-year-old New York man, Rui Xiang Lin, known online as "Faron," has been arrested at JFK Airport, accused of orchestrating a massive $100 million darknet drug empire dubbed Incognito Market. ๐คฏ
๐ The FBI meticulously tracked a series of cryptocurrency transactions that ultimately unmasked Lin's true identity. Manhattan prosecutors revealed that Lin funneled funds from the market's wallet directly into his personal exchange account, making his involvement crystal clear. ๐
๐ฌ "The cryptocurrency trail led us straight to Lin," testified FBI task force officer Mark Reubens, highlighting the precision and persistence of the investigation. ๐ธ
With Lin now facing federal charges, this arrest marks a monumental triumph in the ongoing battle against darknet criminal activities. ๐ฎโโ๏ธ๐ช
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