According to Lookonchain monitoring, nine American Bitcoin spot ETFs sold 189 BTC today (June 4), reducing a total of $13.2 million. Grayscale Trust sold 1,876 BTC, reducing a total of $130.65 million, currently holding 285,081 BTC with a total value of $19.86 billion. Fidelity increased its holdings by 1,115 BTC, adding a total of $77.67 million, currently holding 165,233 BTC with a total value of $1.151 billion.
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Stablecoin protocol El Dorado announced on Tuesday that it has completed a $3 million seed funding round aimed at creating a cryptocurrency payment "super app" for the Latin American region. Multicoin Capital is the lead investor, with participation from Coinbase Ventures, the venture capital arm of cryptocurrency exchange Coinbase, UC Berkeley Skydeck, and Awesome People Ventures.
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Lookonchain monitoring shows that within the past 30 minutes, a whale withdrew 2.96 million USDC from Aave and spent 2.23 million USDC to purchase 2.82 million FTM at a price of $0.79 per coin. They currently have 736,000 USDC remaining.
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Tranchess posted on the X platform, stating: "With the continuous growth of Ethereum demand, we expect that similar liquidity staking products such as qETH, STONE, and related products such as staYSTONE and turPSTONE will continue to receive attention. The ETH (spot) ETF will increase institutional investors' interest in Ethereum and staking, thereby driving up Ethereum's value and network demand, and subsequently increasing staking yields."
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According to official sources, Network3 has partnered with Web3 mobile phone Jambo Phone. This collaboration will promote the integration of Network3 and Jambo Phone, and Network3 dApp will be available on Jambo Phone, enabling millions of users in emerging countries to participate in Network3's DePin and Edge AI construction. It is reported that Network3 is building an AI Layer2 to help global AI developers train or verify models on a large scale quickly and conveniently. Jambo Phone is a new product launched by Jambo in February this year in collaboration with the Aptos Foundation, aimed at promoting Web3 access in emerging markets.
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According to official sources, Elixir Games has announced that the Elixir NFT IDO round has gone live. Flask holders are guaranteed to receive ELIX distribution for the first 6 hours, with each NFT being valued at a maximum of $350. After that, Flask NFT holders will enjoy FCFS for 18 hours or until sold out.
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According to the open interest (OI) of the top ten cryptocurrencies calculated by contract, four of them are Meme coins, with PEPE leading the way with an OI of up to 812.6 million US dollars, almost half of Solana (SOL).
In addition to Pepe (PEPE), Dogecoin (DOGE), Bonk (BONK), and Dogwifhat (WIF) also made it into the top ten. Bitcoin leads the list with an OI of 11.1 billion US dollars, followed by Ethereum with an OI of 9.15 billion US dollars.
It is also worth noting that there is a significant difference in OI from first to last place. Bitcoin's OI is 11 billion US dollars, while the OI of the tenth-ranked Near Protocol (NEAR) is only 230 million US dollars, showing a huge difference in trader interest. (Cointelegraph)
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Bithumb will list Arweave (AR) and ENS (ENS) trading pairs with the Korean won. AR deposits will open at 15:00 on May 28th, and ENS deposits will open at 14:30.
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According to Lookonchain monitoring, 8 hours ago, a savvy investor sold 11.8 million DAI for 3,025 ETH, making a profit of about $1.11 million. This smart money also accumulated 17,770 ETH from 2017 to 2020 at an average price of $182 and sold it for $3,503 on March 28, 2024, making a profit of about $59 million.
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Virtual asset trading platform VAEX plans to ban Hong Kong users from trading starting at 10 am on May 30th. It is reported that the operator of VAEX virtual asset trading platform is named "Hong Kong VAEXC Limited", and its license application submitted to the China Securities Regulatory Commission was withdrawn on May 24th.
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Major cryptocurrency exchanges, including Binance, Coinbase, OKEx, and Crypto.com, are expanding their staff and offering over 1,200 job vacancies in total. Binance leads the recruitment drive with 460 positions, followed by OKEx with 414 positions, Crypto.com with 335 positions, and Coinbase with 224 positions. This recruitment drive is driven by optimistic market sentiment, particularly around Bitcoin and Ethereum exchange-traded funds (ETFs) and increased venture capital. This trend marks a significant shift from the massive layoffs experienced by the industry in the past two years. Positive market outlooks and renewed confidence in the cryptocurrency industry are driving this recruitment frenzy, signaling that these leading exchanges will enter a period of growth and expansion.
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Bitcoin ABC development team for the eCash protocol announced the release of version 0.27.13, which includes RPC enhancements and some performance improvements.

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VanEck Advisor Gabor Gurbacs stated in a post on X platform that a blockchain that requires validators to coordinate the implementation of specific software to restart/operate (after being offline for hours) is neither decentralized nor resistant to censorship. Most of the time, this is not a problem, but when it is important, it is a big problem. Jinse Finance previously reported that Solana restarted after being offline for nearly 5 hours, and Gabor Gurbacs may have been hinting at Solana.
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It was really like a magic, and it is kept green in my heart.

I started trading and investing in cryptocurrency since 2019. As a result, I had lots of memories both pleasant and unpleasant LoL.

Meanwhile, My best unforgettable memory was the first day I got a call from an uncle abroad who promised to send me $200 in the year 2020.

Meanwhile, I needed the money urgently and was wondering how it would reach me from Traditional financial institution such Western Union money transfer within 2hours with queueing up, signing papers, and much more... Since what the money was needed for was very urgent and an emergency too.

The next thing he asked me was, "DO YOU HAVE A BINANCE ACCOUNT"? I answered yes uncle🔶

He told me to login to my Binance account and check my funding wallet, that he will send it as he hangs up. At first I wondered how money can be received from London to Africa within a minute 😳

Surprisingly, I checked my Binance wallet and saw the $200 in my funding and I couldn't contain my joy!

My uncle sent me the money from Abroad using #BinancePay

Ever since then, 🔶Binance pay has been one of my best development in Crypto industry.

I love Binance pay.

#binancepaymarketplace #feedfeverchallenge #feed

Cryptocurrencies have the potential to impact everyone's daily lives in a number of ways, including but not limited to:



1. FINANCIAL TRANSACTIONS: Cryptocurrencies can be used for peer-to-peer transactions, allowing individuals to send and receive money without the need for intermediaries like banks. This can make transactions faster, cheaper, and more secure.

2. INVESTMENT:

Cryptocurrencies can be bought and sold like other assets, offering individuals a new investment opportunity. Some people have made significant profits by investing in cryptocurrencies, although there is also a risk of significant losses.

3. REMITTANCES:

Cryptocurrencies can be used for cross-border payments, allowing individuals to send money to friends and family in other countries without the need for expensive intermediaries. This can be particularly useful for people who rely on remittances from abroad.

4. MICROPAYMENTS:

Cryptocurrencies can be used for micropayments, allowing individuals to pay for small transactions like online content or digital goods without incurring high transaction fees.

5. DECENTRALIZATION:

The decentralized nature of cryptocurrencies means that they are not controlled by any central authority, giving individuals more control over their finances and potentially reducing the risk of censorship or government interference.

However, it's important to note that cryptocurrencies are still a relatively new technology, and there are risks associated with using them, such as price volatility, security concerns, and regulatory uncertainty. Individuals should carefully consider these risks before using cryptocurrencies in their daily lives.

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The Importance of DYOR in Crypto Investing: How to Do Your Own Research

Investing in cryptocurrencies can be a daunting task, especially when the market is volatile and misinformation spreads quickly. That's why it's crucial to do your own research (DYOR) before investing in any crypto project. In this article, we'll explore what DYOR means in the context of crypto, why it's essential, and how to go about doing your own research.

What is DYOR in Crypto?

DYOR stands for "Do Your Own Research" and is a critical step for anyone considering investing in cryptocurrencies. It involves gathering and filtering information to make informed decisions.

Why is DYOR Important?

The crypto market is full of red flags and scams, making it challenging to navigate for newcomers. By conducting your research, you can avoid making uninformed decisions that could result in significant financial losses. Additionally, doing your research can help you identify potential investment opportunities and avoid scams and rug pulls.

How to Do Your Own Research in the Crypto Market:

Conduct Fundamental Analysis: Evaluate the project's fundamentals, including its whitepapers, roadmaps, marketing strategies, teams, tokenomics, network activity, and development. This step helps you determine the project's fair value in the market and compare it to its competitors.

Perform Technical Analysis: Analyze historical price movements using technical analysis (TA) to identify patterns and trends in the market. This step can help you determine the right time to buy or sell crypto.

Conduct Social Media Analysis: Join crypto communities on different social media platforms and observe the activity and trends daily. This step helps you determine trustworthy sources of information and get a broader perspective on the project's sentiment in the community.

Takeaways:

DYOR is essential when investing in cryptocurrencies.

It involves gathering and filtering information to make informed decisions.

Fundamental analysis, technical analysis, and social media analysis are key steps in conducting your research.

Conclusion:

DYOR is critical for anyone considering investing in cryptocurrencies. By conducting your research, you can avoid scams, identify potential investment opportunities, and make informed decisions. Use the steps outlined in this article to get started with your DYOR journey and stay ahead of the game in the crypto market.

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