Innocent Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.

Innocent Trump (INOTRUMP), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.

This is because INOTRUMP has announced its first centralized exchange listing, which will be on KuCoin.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.

Currently, Innocent Trump can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Innocent Trump could become the next viral memecoin.

Innocent Trump launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Innocent Trump on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Innocent Trump by entering its contract address – JDco3yhutHK3aqWaCsLPBzMVoAgcFALZka85r1YWmsAi – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like INOTRUMP.

The United States Treasury Department has published its inaugural finance risk assessment for nonfungible tokens (NFTs), aiming to provide regulators with deeper insights into potential risks and security concerns within the rapidly evolving market.

The report identified several risks, including the possibility of terrorists using NFTs to finance operations, state actors funding nuclear proliferation through NFTs, money laundering, and risks to investors who may face theft, rug-pulls, or other fraud forms that have become well-known.

The report emphasized that most of these illicit activities occur through fiat financing and transactions, rather than being unique to the digital asset space.

“This risk assessment recognizes that most money laundering, terrorist financing, and proliferation financing by volume and value of transactions occurs in fiat currency or otherwise outside the digital asset ecosystem via more traditional methods,” the report stressed.

The Treasury also noted that even in cases of investor or market abuse, digital asset fraud typically happens through long-established schemes, such as Ponzi schemes or exploiting inside information, rather than mechanisms unique to digital assets.

However, fraud has occurred through unique digital asset mechanisms like smart contract manipulation.

READ MORE: Hospitality Worker Jailed for $2.5 Billion Bitcoin Money Laundering in Britain’s Largest Seizure

Despite the high potential for abuse and illicit activity via NFTs highlighted in the assessment, the Treasury admitted that there are few, if any, examples of NFTs being used in terrorist financing, nuclear proliferation, or drug trafficking.

A notable example of malicious activity mentioned in the report was the theft of digital assets by North Korea (DPRK) and associated hacker groups aiming to evade U.S. sanctions and generate revenue for military spending.

The Treasury clarified that NFTs represented a small portion of the total digital asset theft, with other financial institutions also targeted by DPRK hackers.

The report concluded with several recommendations to mitigate potential abuse through NFTs.

These include regulating the NFT market, collaborating with industry insiders to prevent fraud, partnering with foreign allies to curb illicit geopolitical activities, and educating consumers about the risks associated with nonfungible tokens and digital assets.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Trump Meow (TRUMPMEO) presents a similar opportunity for a limited time.

Trump Meow (TRUMPMEO), a newly launched Solana memecoin, is poised to explode over 13,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.

TRUMPMEO will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Trump Meow.

Currently, Trump Meow can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy TRUMPMEO on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Meow by entering its contract address – 5qRmBHnwHKdmbqWz6mPajjSHMgg4Yy1enxhjRJSMtnyF – in the receiving field.

TRUMPMEO currently has a market cap of just under $13,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Pepe Whale (PEPEWHALE) presents a similar opportunity for a limited time.

Pepe Whale (PEPEWHALE), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.

PEPEWHALE will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Pepe Whale.

Currently, Pepe Whale can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy PEPEWHALE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Whale by entering its contract address – GMbDJs1S666TurCdEcRAHJikcdM9BCZXLdb4x792tPUY – in the receiving field.

PEPEWHALE currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

Bitcoin‘s ability to surpass its all-time highs, reached in March, hinges on the upcoming U.S. inflation results, says a crypto analyst.

The Consumer Price Index (CPI) results, set to be released by the Bureau of Labor Statistics on June 12, are pivotal.

“If inflation prints 3.3% or lower, Bitcoin should make a new all-time high,” Markus Thielen, head researcher at 10x Research, stated in a report on May 29. This prediction comes ahead of the crucial CPI release.

The previous CPI result, recorded on May 15, stood at 3.4%.

Thielen emphasizes that a slight decrease to 3.3% could propel Bitcoin to new heights. In the lead-up to the May CPI announcement, he anticipates robust inflows into spot Bitcoin exchange-traded funds (ETFs).

However, should the CPI exceed expectations, Bitcoin’s momentum could falter, mirroring trends observed earlier in the year.

Since May 13, data from Farside has shown consistent daily inflows into spot Bitcoin ETFs, with a peak of $305.7 million on May 21.

Thielen asserts that Bitcoin’s price movements are not random but are significantly influenced by key factors, primarily inflation.

READ MORE: Hospitality Worker Jailed for $2.5 Billion Bitcoin Money Laundering in Britain’s Largest Seizure

Historical patterns support this view, as Bitcoin’s price has often dropped following higher-than-expected CPI results.

For instance, on April 10, the CPI was reported at 3.5%, just slightly above expectations.

This marginal increase led to a 6.67% drop in Bitcoin’s price, falling to $56,000 by April 30.

Thielen also reflected on the launch of spot Bitcoin ETFs on January 11.

Despite a strong start with $611 million in inflows on the first day, the rest of January saw disappointing inflows. He attributed this to unexpectedly high CPI results.

“The CPI came in at 3.4%, higher than the 3.2% expected number and higher than the 3.1% recorded in the previous month,” Thielen explained.

He concluded, “It is no coincidence that Bitcoin was weak in January, stronger into March, but then consolidated for two months.”

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

PayPal’s PYUSD stablecoin, recently launched on Solana, will offer “confidential transfers” as an added feature.

On May 29, PayPal announced the deployment of its dollar-pegged stablecoin on the Solana blockchain, previously available only on Ethereum.

A significant new feature for PYUSD is “confidential transfers.”

According to a May 29 Solana blog post, this feature will enable merchants to maintain transaction amount confidentiality for their consumers while ensuring regulatory visibility.

Bitcoiner Udi Wertheimer commented, “This sounds a lot like ‘confidential transactions,’ a feature Bitcoin devs have been larping about for almost a decade but never built, and you’re telling me PayPal users will have it first? LOL,” in a post on X on May 29.

Helius Labs CEO Mert Mumtaz remarked, “PayPal didn’t expand to Solana purely for speed,” and added, “Solana also allows confidential transfers and token programmability natively on the L1 itself. Confidential transfers alone are a game-changer.”

Additional programmability on Solana includes “transfer hooks,” allowing specific programs to be called with each token transfer, giving wallets more control over the asset.

Solana’s token extension standard, compliant with the SPL token standard, provides several benefits for PayPal’s stablecoin.

READ MORE: Tether Mints $1 Billion in USDT, Paving the Way for Bitcoin to Hit $80,000

These benefits include reduced development and testing, enterprise-ready “plug-and-play” capabilities, and flexibility.

“TEs [token extensions] are an open standard that allows PYUSD to be integrated and used not only in the PayPal ecosystem but also outside of PayPal with any compatible wallet, exchange, or library,” explained the Solana Foundation.

PYUSD was launched in August 2023 and is primarily backed by U.S. Treasury Reverse Repurchase Agreements, as per issuer Paxos.

Its circulating supply has increased by 50% since the beginning of this year, with a 24-hour trading volume of around $18 million, according to CoinGecko.

Previously, the Paxos Trust Company-issued stablecoin was only available on Ethereum.

The total circulation is around $400 million, with the current supply on Solana at $5 million, according to Solana’s network explorer.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Black Doge (BLADOGE) presents a similar opportunity for a limited time.

Black Doge (BLADOGE), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.

BLADOGE will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Black Doge.

Currently, Black Doge can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy BLADOGE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Black Doge by entering its contract address – 2PE8dLsJa64vymp3RU35wdFYataxZC6dA2rx162CF7pu – in the receiving field.

BLADOGE currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

Diversification is an investment strategy that seeks to manage risk and maximize return by allocating funds to various markets.

These days, it is possible but also financially beneficial and efficient for a modern investor to diversify their portfolio with cryptocurrency and forex.

The following article will help you gain more insights into how to invest in these dynamic markets.

It will focus on the role of education and provide you with some useful resources that may help you learn more.

Why Diversify Your Portfolio?

Enhancing Returns

Diversification gives you the opportunity to invest in opportunities that are in various phases of the market cycle.

When one market is relatively weak, others may be strong and vice versa, thus boosting overall performance.

For example, in a poor economy, Bitcoin can mitigate the negative impact of traditional market fluctuations.

Mitigating Risk

Diversification is a technique that involves investing in numerous assets to lower the risk attached to any one asset.

This approach is also beneficial because it ensures that no single investment negatively affects the portfolio.

It also becomes even more important in volatile markets like crypto and forex to guard against occasional market changes.

How to Add Cryptos to Your Investment Portfolio.

Major Cryptocurrencies

Buying BTC or ETH is normally the first step in cryptocurrency investing. These assets have already proven themselves to be market leaders, with a large number of users and trading volume.

Bitcoin is considered a digital form of gold, while Ethereum serves as a platform for smart contracts.

Altcoins and DeFi Projects

Those who want to invest long-term may consider altcoins and DeFi projects, which are likely to generate higher returns but at greater risk.

Investors love the high-tech elements of altcoins such as Cardano (ADA), Solana (SOL), and Polkadot (DOT).

DeFi projects provide decentralized financial services such as lending, borrowing, and trading by eliminating the role of intermediaries.

NFTs and Metaverse Tokens

The crypto space is witnessing the rise of NFTs and metaverse tokens as the new trends.

NFTs are non-fungible tokens, and metaverse tokens represent the decentralized virtual world. Buying them can diversify and increase exposure to the lucrative digital economy.

Incorporating Forex Assets

Major Currency Pairs

Forex trading entails participating in the trading of currencies. Forex investors can be assured of stable returns when they trade major currency pairs like the EUR/USD, USD/JPY, and GBP/USD pairs.

These pairs tend to move less volatilely than cryptocurrencies and can thus be a stable part of the portfolio.

Emerging Market Currencies

There can be exposure to fast-growing economies with the inclusion of emerging market currencies.

Other currencies, such as the South African Rand (ZAR), Brazilian Real (BRL), and Indian Rupee (INR), present high return rates but also have higher risks due to the instability of their political and economic systems.

Forex Education Resources

Understanding forex and its trading is essential when investing. Educational sources can assist individuals in gaining the insight needed to trade in the forex market with confidence.

JustMarkets provides a diverse and informative library of forex articles on various subjects, including basic rules and advanced trading techniques.

Read Forex education articles at JustMarkets here: https://justmarkets.pro/ to find out about the most up-to-date strategies and insights.

Techniques of Diversification in Portfolio Management.

Regular Rebalancing

It involves reviewing your investments and selling or buying new stocks to achieve the desired mix of assets.

This process includes rebalancing the portfolio by periodically investing and divesting assets to achieve the target allocation while considering changes in the value of assets’ performance.

Asset Allocation

Create an asset mix that strikes a balance between crypto and forex based on your risk appetite and investment objective.

A better strategy might be to hold more low-risk instruments, such as major currency pairs, and allocate a smaller portion to riskier crypto assets.

Continuous Learning and Adaptation

Markets are constantly changing, and staying updated is crucial for a trader to maintain his portfolio.

Read educational materials and follow market trends; try to adjust your tactics if necessary. Investment platforms that provide the latest information and advice from experts are also very helpful.

Conclusion

Two of the most popular financial investment choices that can provide a well-balanced asset portfolio are cryptocurrency and FX trading.

Thus, by knowing the unique characteristics of each market and having access to helpful educational materials, investors may recognize and manage the risks involved with investing in each one. Remember, staying informed of market trends and continuously honing your trading skills are integral for sustained profitability and growth in both cryptocurrency and FX markets

Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Pepe Whale (PEPEWHALE) presents a similar opportunity for a limited time.

Pepe Whale (PEPEWHALE), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.

PEPEWHALE will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Pepe Whale.

Currently, Pepe Whale can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy PEPEWHALE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Whale by entering its contract address – GMbDJs1S666TurCdEcRAHJikcdM9BCZXLdb4x792tPUY – in the receiving field.

PEPEWHALE currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

Innocent Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.

Innocent Trump (INOTRUMP), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.

This is because INOTRUMP has announced its first centralized exchange listing, which will be on KuCoin.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.

Currently, Innocent Trump can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Innocent Trump could become the next viral memecoin.

Innocent Trump launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Innocent Trump on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Innocent Trump by entering its contract address – JDco3yhutHK3aqWaCsLPBzMVoAgcFALZka85r1YWmsAi – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like INOTRUMP.

Robinhood, the popular trading platform, is finalizing a settlement with investors who sued the company for halting the trading of certain meme stocks in 2021, including GameStop.

According to a May 28 filing in a Miami federal court, Robinhood’s lawyers stated that the settlement with the group of investors is nearly complete and is expected to be finalized and dismissed within the next two weeks.

The filing did not provide details of the settlement, and neither Robinhood, its counsel, nor the investors’ counsel responded to requests for comment.

The investors, led by Plaintiff Blue Laine-Beveridge, accused Robinhood of “unlawfully manipulating market prices” and causing “tens of billions of dollars of investors’ equity” losses by selectively restricting the stocks its users could buy between January 28 and February 4, 2021.

The affected stocks included GameStop, AMC, Bed Bath & Beyond, BlackBerry, Nokia, trivago, Koss, Express Inc., and Tootsie Roll.

This lawsuit focused on Robinhood’s alleged violations of securities law and is part of a broader legal action in multiple U.S. jurisdictions regarding the company’s handling of meme stocks.

The settlement follows United States District Judge Cecilia Altonaga’s denial of the investors’ request to file a new motion for class certification on April 19.

A similar request had been denied in November of the previous year.

READ MORE: Ethereum Set to Surpass All-Time Highs as Bitcoin Dominance Declines

Meme stocks, such as GameStop and AMC, are so named because retail investors often trade them based on social media hype.

GameStop’s stock surged dramatically in January 2021 due to a “short squeeze,” causing significant losses for hedge funds and short sellers while some retail traders made substantial gains.

The surge in GameStop’s stock price was largely credited to Keith Gill, known as “Roaring Kitty,” who recently returned to social media platform X in May after a nearly three-year hiatus.

His return and cryptic posts excited traders, pushing GME’s stock to close at $48.75 on May 14, its highest since late 2021, according to Google Finance.

However, GameStop’s stock has since dropped significantly, closing down nearly 11% on May 29 at $21.24, with an additional 2% decline in after-hours trading to $20.78.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Alleged serial scammer Sahil Arora has raised over $300,000 in a token presale using the name of Australian musician Iggy Azalea for a new celebrity memecoin.

On Tuesday, posts from Azalea’s X account distanced her from Arora’s presale, mentioning a planned legitimate crypto project.

“Basically I was interested in making a legit coin with utility but Sahil tried it n thought I wouldn’t see his weirdo lil presale telegram shit,” Azalea’s account said in a now-deleted post on X.

The Australian rapper reportedly quit Twitter last year to escape “bad vibes” and announced a hiatus from the platform in 2015.

Azalea’s brand is now among the growing list of public figures linked to memecoins through some form of association with Arora.

American rapper “Rich the Kid” (Dimitri Leslie Roger) accused Arora of hacking his X account to promote the “RICH” token.

Olympic medalist Caitlyn Jenner also claimed Arora scammed her during her token launch, which reached over $40 million in market capitalization since May 27, according to Dexscreener.

Jenner’s token lost about 50% of its peak market cap by May 28.

This week, Arora’s alleged illicit activities are drawing public attention due to his involvement in celebrity memecoin projects.

He has been accused of several scams, including Avalanche-based rug pulls, which reportedly earned him small amounts in stolen fees.

READ MORE: Ethereum Set to Surpass All-Time Highs as Bitcoin Dominance Declines

A Telegram channel details a recent token launch campaign where participants accuse Arora of conducting a rug pull.

An investor in that project, speaking to Cointelegraph anonymously, said that the liquidity was removed within five minutes of the coin’s launch.

“If I can remember vividly, I don’t think he got more than 6-8 AVAX for $RICH,” the investor said.

Arora is also accused of masterminding an alleged rug pull tied to former NBA star Dwight Howard.

Arora denies his campaigns are scams, claiming people “couldn’t time right entries so they got burned.”

“Tons of people make big from my launches,” Arora told Cointelegraph. “The few that don’t become haters.”

A 2017 article by the Times of India noted that Arora dropped out of Pathways School to launch a taxi application. He has since founded numerous businesses, including ZelaaPayAE and Habibi.

A former contractor for ZelaaPayAE claimed Arora failed to pay 800 British pounds until threatened with being reported to authorities.

In 2017, Vijay Shekhar Sharma, founder of PayTM, accused Arora of identity theft.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Devil Biden (DEVBIDEN), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.

Currently, Devil Biden can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Devil Biden could become the next viral memecoin.

In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.

Devil Biden launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Devil Biden on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Devil Biden by entering its contract address – Hu1cFazfpaEFyJ3ETdotpTSBModCC4pJoCvVyLNiTKm7 – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DEVBIDEN.

United States spot Ether exchange-traded funds (ETFs) may launch by late June, according to analysts, after BlackRock updated a crucial filing.

On May 29, BlackRock revised its Form S-1 for its iShares Ethereum Trust (ETHA) with the Securities and Exchange Commission (SEC).

This follows the SEC’s approval of its 19b-4 filing, both required for the ETF to begin trading.

“Good sign. [Probably] see rest roll in soon,” Bloomberg ETF analyst Eric Balchunas noted in a May 29 post on X.

Balchunas mentioned that another round of adjustments to SEC comments is expected, but an “end of June launch [is] a legit possibility.”

He maintained his approval odds around July 4, considering an earlier approval a “long shot.”

Bloomberg ETF analyst James Seyffart said BlackRock’s updated S-1 indicates significant progress, suggesting “issuers and SEC are working towards spot Ethereum ETF launches.”

BlackRock’s revised S-1 included details about its seed capital investor, the entity providing funds for the ETF to start trading.

READ MORE: Tether Mints $1 Billion in USDT, Paving the Way for Bitcoin to Hit $80,000

On May 21, the investor, a BlackRock affiliate, “agreed to purchase $10,000,000 in Shares on May 21, 2024, and on May 21, 2024, took delivery of 400,000 Shares at a per-Share price of $25.00,” according to the filing.

The filing also confirmed the ETF would list and trade under the ticker “ETHA.”

This development coincides with Hashdex withdrawing its bid for a spot Ether ETF, despite the SEC approving it along with BlackRock and seven other issuers.

A source familiar with the application informed Cointelegraph that Hashdex “no longer intends to move forward with a single asset Ether ETF.”

Analysts predict the launch of these ETFs could propel ETH to new highs, with some viewing it as a bet on Web3’s growth.

However, there is also speculation that ETH could face price pressure due to potential outflows from the Grayscale Ethereum Trust (ETHE), which might see $110 million in average daily outflows for weeks post-conversion and discount narrowing.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Bitcoin has now spent 42 days in the “boredom zone,” and crypto traders are split on whether it is consolidating for another surge or facing a 20% pullback toward crucial support levels.

“We have now spent 42 days in the low volatility and boredom zone,” pseudonymous crypto trader CryptoCon declared in a May 30 X post, explaining a lack of volatility in Bitcoin’s price is the main sign of “boredom in the market.”

Bitcoin is currently trading at $67,680, just 6.7% higher than its price 42 days ago, according to data from CoinMarketCap.

Apart from two occasions breaking outside its support and resistance levels, at $58,253, and reaching $71,443, Bitcoin has mainly traded within a narrow range throughout the period.

Pseudonymous crypto trader Willy Woo believes that Bitcoin’s extended consolidation is a positive sign that its price hasn’t peaked yet, forecasting that it only has “more room to run before topping out,” in a May 29 X post.

Pseudonymous crypto trader Daan Crypto Trades believes Bitcoin is currently in the price discovery phase, where “anything goes really.”

READ MORE: Hospitality Worker Jailed for $2.5 Billion Bitcoin Money Laundering in Britain’s Largest Seizure

“In price discovery, it can be difficult to make targets as there are no levels to watch for,” Daan Crypto Trades argued in a May 29 X post.

He argued that once it breaks through its current all-time highs of $73,679, it could reach $102,073 before the year’s end.

However, crypto traders using different indicators are not as hopeful about what comes next.

Founder of Cane Island Alternative Advisors Timothy Peterson pointed out that Bitcoin’s price may drop to somewhere around $54,190 based on the Bitcoin Price to Metcalfe Value—an indicator suggesting the value of Bitcoin is proportional to the square of the number of users or participants in the Bitcoin network.

“This is Bitcoin’s Price to Metcalfe Value. When the ratio is >100% it has always predicted a bear market of -20% or more.

“This week, it hit 102%.

“There is a 2/3 chance of a -20% decline in 6 months,” Peterson explained.

“Odds are high that Bitcoin will drop to the low 50s sometime in the next 180 days,” he added.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Degen Doge (DEGDOGE), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.

Currently, Degen Doge can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Degen Doge could become the next viral memecoin.

In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.

Degen Doge launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Degen Doge on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Doge by entering its contract address – DiocRJAvYE9NfXFVfXcHShAwvauJLkSHDKyy8Nnu8evG – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DEGDOGE.

SANTA CLARA, California, May 31st, 2024, Chainwire

CARV, the largest modular data layer for gaming and AI, announced today a strategic investment from Animoca Brands, the company advancing digital property rights for gaming and the open metaverse. In addition, Animoca Brands will become an operator of CARV’s Tier 6 verifier nodes in support of CARV’s decentralization of its data layer. The partnership will facilitate deeper integration and long-term synergies as they expand their respective gaming and open metaverse ecosystems.

Founded as a gaming credential platform, CARV has evolved into a modular data layer protocol with strong traction from over 2.7 million users, 790 integrated games, and partnerships across major chains like Linea, BNB Chain, zkSync, and Ronin. The company has come good on its gaming credential roots by initiating ERC-7231, the standard approved by the Ethereum Community that binds multiple Web2 and Web3 identities to a single NFT, and partnering with the likes of Google Cloud and Netmarble’s web3 arm, MARBLEX.

To support rapid scaling and growth, CARV is introducing community-operated verifier nodes that scrutinize outcomes at each protocol layer. These nodes are crucial for maintaining decentralization, security, and equitable value redistribution as the network expands. CARV aims to accelerate user onboarding and adoption to grow the pie for all stakeholders in its user-owned data ecosystem through partnering with Animoca Brands as a strategic node operator, relying on their experience and expertise in operating various blockchain infrastructures. Node holders will have the option for one-click delegating to Animoca Brands for node operations, ensuring network uptime and robustness.

The rewards from node operations will initially be in the form of $veCARV, the staked version of CARV tokens. This also allows Animoca Brands and its portfolio of more than 400 gaming and metaverse companies to participate in CARV’s Infinite Play, a token-lock voting bribery system (CURVE & CONVEX model for gaming) for governance voting. 

Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “CARV’s mission to advance data self-sovereignty and the interoperability of personal assets in both Web2 and Web3 fits perfectly with the work we do at Animoca Brands. This strategic partnership with CARV will amplify our efforts to pioneer a more equitable framework via new asset classes, economies, and digital property rights.”

“This is a multi-faceted alliance between two leaders in their respective domains,” said Victor Yu, co-founder of CARV. “Through Animoca Brands’ strategic investment, its support as a node operator, and collaboration across our gaming ecosystems, we are taking a comprehensive approach over many years to come. By leveraging our modular data layer with Animoca Brands’ far-reaching ecosystem, we aim to unlock new frontiers in user-owned data economies.”

For more about CARV’s highly anticipated node sale, set to begin on June 3, 2024 for whitelisted participants and June 5, 2024 for the public, users can visit https://node.carv.io.

About CARV

CARV is the largest modular data layer for gaming, AI, and ∞, pioneering a future where data generates value for all. As the sole author of ERC7231, CARV has built CARV Protocol, the modular data layer which has integrated with 40+ blockchains, Google Cloud, and other identity, storage, infra and AI providers. CARV’s flagship gaming superapp, CARV Play, is integrated with more than 790 web2 & 3 games and serving 2.7M+ gamers. CARV is backed by top-tier funds and ecosystems such as Temasek’s Vertex Ventures, ConsenSys (developer of Metamask), Tribe Capital, IOSG Ventures, Animoca Brands, HashKey Capital, Infinity Ventures Crypto, MARBELX, and more. For more information, users can visit carv.io.

About Animoca Brands

Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 400 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information users can visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.

Contact

Co-Founder & COOVictor YuCARVmedia@carv.io

Devil Biden (DEVBIDEN), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.

Currently, Devil Biden can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Devil Biden could become the next viral memecoin.

In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.

Devil Biden launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Devil Biden on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Devil Biden by entering its contract address – Hu1cFazfpaEFyJ3ETdotpTSBModCC4pJoCvVyLNiTKm7 – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DEVBIDEN.

Tether‘s USDT, the world’s largest stablecoin, has minted another $1 billion, raising its market capitalization to over $110 billion.

This could potentially drive Bitcoin to new all-time highs.

In the past 24 hours, Tether’s treasury minted $1 billion worth of USDT, bringing its annual total to $31 billion.

According to a May 17 post from Lookonchain, this significant minting contributed to Bitcoin’s price rise from $27,000 to $73,000.

Tether is also directly investing in Bitcoin.

The company plans to invest 15% of its net profit in Bitcoin to diversify its stablecoin’s backing assets.

As of March 31, Tether had acquired 8,888 BTC worth $618 million, making it the seventh-largest Bitcoin holder globally, per Bitinfocharts.

Currently, Tether’s wallet holds over 78,317 BTC, valued at more than $5.18 billion, one year after announcing its diversification plan.

Bitcoin’s price movements are also influenced by institutional investments in spot Bitcoin exchange-traded funds (ETFs).

According to Dune, U.S. Bitcoin ETFs have seen over $200 million in net inflows over the past two weeks.

READ MORE: ShibaSwap Upgrades to Shibarium Blockchain, Introducing New Features and Enhanced User Experience

These institutional inflows have been crucial to Bitcoin’s current rally to new all-time highs.

By February 15, Bitcoin ETFs accounted for about 75% of new investments in Bitcoin as it crossed the $50,000 mark.

On May 16, Bitcoin’s price confirmed a breakout on the daily chart, with $65,000 acting as strong support, according to TradingView.

Crypto analyst Rekt Capital noted in a May 16 X post that Bitcoin had turned its old resistance into support on the monthly chart, indicating a bullish trend.

However, Bitcoin might still experience a temporary correction to below $63,500 before reclaiming the $70,000 psychological mark.

ScorehoodAI’s prediction algorithm suggested a pullback to around $63,000-$63,500, calling it a healthy correction to liquidate high-leveraged positions.

A drop below $63,500 would liquidate over $1.76 billion in leveraged long positions, and under $63,000, liquidations would reach $1.87 billion, according to Coinglass data.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Ether may surprise crypto markets by hitting new all-time highs before Bitcoin reenters price discovery.

In his latest market analysis, Michaël van de Poppe, founder and CEO of trading firm MNTrading, predicted a likely move by ETH/USD.

According to new analysis, Ether is expected to surpass its current all-time highs soon.

As reported by Cointelegraph, crypto traders are anticipating strong Bitcoin price action in response to the launch of spot ETF products for Ether in the United States.

These products, while not yet fully approved for trading, have received a notional green light from regulators following a surprise U-turn.

This development could reduce Bitcoin’s share of the overall crypto market cap, potentially giving altcoins more room to grow.

“The Bitcoin dominance has likely peaked this cycle at 58%,” Van de Poppe stated.

“The valuations of altcoins are super low compared to Bitcoin. Likely the next all-time high is going to be reached for Ethereum.”

At the time of writing, ETH/USD traded at around $3,850, based on data from Cointelegraph Markets Pro and TradingView, still significantly below its record of $4,900 set in late 2021.

The Bitcoin ETF battle reached a symbolic milestone on May 28 as BlackRock’s IBIT surpassed the Grayscale Bitcoin Trust (GBTC) in BTC holdings for the first time.

READ MORE: Crypto Executives Say Nvidia Unlikely to Outperform Bitcoin Over Next Decade

According to inflows tracked by sources like crypto reviews portal Apollo, at the close of Wall Street trading, IBIT had accumulated 288,670 BTC compared to GBTC’s 287,450 BTC.

This “flippening” had long been anticipated by market observers.

Since converting to a spot ETF in January, GBTC has steadily lost assets under management as investors shifted their funds. Initially, GBTC held nearly 620,000 BTC, but the tally has now decreased by 53%.

“Biggest news: Blackrock now holds more BTC than GBTC,” popular commentator WhalePanda noted on X (formerly Twitter).

WhalePanda also mentioned upheaval at Grayscale, with CEO Michael Sonnenshein announcing his resignation earlier this month.

Bitcoin ETF operators have experienced a resurgence in interest recently, with inflows remaining net positive for ten consecutive days.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.