🚀Good news, crypto fans! Genesis Global, the bankrupt crypto lender, is set to return a whopping $3B in cash and crypto to its creditors, thanks to a green light from U.S. Bankruptcy Judge Sean Lane.👏

- Despite objections from parent company Digital Currency Group (DCG), Judge Lane ruled that repayments won't be capped at Jan 2023 crypto prices.
- DCG, as a junior stakeholder, finds itself at the bottom of the repayment pile.
- Genesis is committed to reimbursing customers in crypto where possible, even though digital assets fall short of the total owed.

Genesis filed for bankruptcy in Jan 2023, owing over $3.5B to its top 50 creditors. After liquidation of $1.6B in assets, DCG agreed to repay $324.5M in loans by April 2024.

The plan estimates that creditors could recover up to 77%, a higher rate than if DCG had won in court. This proposal gained broad support from creditors, including Gemini Earn customers.

What are your thoughts on this? Share in the comments!👇 #CryptoNews #GenesisGlobal

🐋Litecoin whales are making waves! They've scooped up over 2.75M LTC in the last 30 days, topping up their stash by a cool $228M. But, has this made a splash in LTC's price? Not so much. It's been bobbing around $80-$86, even dipping to $76 once.

📈Despite the market's ups and downs, LTC's activity is buzzing. Thanks to Coinbase's futures contract product launch, LTC transactions & active addresses have spiked. Long-term LTC holders doubled post-halving, hitting 5M!

🚀Plus, the LTC-20 token standard launch on the Ordinals Protocol is a big step forward. So, what's your take on LTC's whale of a time? Share your thoughts below! #Litecoin #CryptoNews

🔥Hot take alert!🔥 Cardano's founder, Charles Hoskinson, weighs in on the US election. He's not Team Trump or Team Biden, but Team RFK Jr. Why? He's pro-crypto! 🚀

- Hoskinson criticizes Trump & Biden for harming the US economy, but sees Robert F. Kennedy Jr. as a beacon for the digital asset industry.
- He believes the pro-crypto vote is crucial, with 53M Americans supporting the sector.
- Trump's recent softening stance on crypto is noted, but Hoskinson's vote is with RFK Jr., a keen advocate of Bitcoin.

What's your take, crypto fam? Who's your pick for the crypto industry? Let's chat! 💬 #Web3 #DeFi #DAO #Layer2

🚀ETH soared 10% in minutes on Monday, hitting $3450! Rumor has it, a US spot ETF for ETH could be on the horizon.👀

🐦Bloomberg ETF analyst, Eric Balchunas, tweeted that the odds of ETH ETF approval this month have jumped from 25% to a whopping 75%. Seems like the SEC might be changing its tune on this hot topic.🔄

📜Remember H.J.Res.109? The resolution to ditch an anti-crypto banking rule passed by the SEC? Despite Biden's veto threat, it sailed through the House and Senate with bipartisan support.🎉

🔍Balchunas and partner, James Seyffart, confirmed their accounts weren't hacked and their odds shift is based on info from multiple sources. Expect a flurry of filings in the coming days if they're right.📂

🎙️Fox Business reporter, Eleanor Terret, added that a prospective ETF issuer said things are "evolving in real time" regarding their application approval.🔄

📈BTC also got a boost from the news, rising 5% to $69,850 on Monday. The crypto market saw $226M in liquidations in the past 24 hours, according to Coinglass.💰

What do you think? Is a US ETH ETF just around the corner? Let's chat in the comments!👇 #ETH #ETF #CryptoNews

🚀 Bitcoin's price is bouncing back, folks! After a few months of correction, we're seeing signs of recovery. But is it time for a new all-time high or just a fake breakout? Let's dive in! 🕵️‍♂️

💹 The daily chart shows Bitcoin breaking above the midline of a descending channel pattern. If it can conquer the $68K resistance level, a new all-time high could be on the horizon.

⏰ On the 4-hour chart, the $60K support level has held strong, preventing a deeper correction. With the Relative Strength Index above 50%, a breakout above $68K seems likely in the short term.

📈 Bitcoin's open interest, a key metric for futures market sentiment, is also recovering. If it doesn't skyrocket as the price increases, we could be in for a sustainable rally.

So, what do you think? Is a new all-time high on the table if BTC breaks toward $70K? Share your thoughts below! 👇 #Bitcoin #CryptoNews #BTC

🔮 Polkadot (DOT) is playing the waiting game, folks! It's been stuck in a sideways consolidation phase, bouncing between $7.4 and $6.4. 📉📈

🎯 The key to DOT's future? A breakout from this range.

📊 Daily chart analysis shows DOT's price is hemmed in by a tough resistance at $7.5 and a solid support at $6.4. Recently, DOT rebounded from the lower boundary, reaching the upper limit. If buyers push past $7.4, we might see a bullish trend. 🚀

⏱️ On the 4-hour chart, DOT's been dancing within an ascending wedge pattern. A breakout from this pattern will set the price's direction.

🔍 Sentiment analysis shows a lot of liquidity above $7.5. If DOT buyers target this, we could see a short-squeeze event. But be careful, a fake breakout could also occur.

🗣️ What do you think? Will DOT break out or break down? Share your thoughts below! #Polkadot #DeFi #Web3

[Original content from CryptoPotato]

🚀 #Bitcoin is still soaring at $67K, despite a drop in new addresses to a low not seen since July 2018. Are traditional investments like ETFs diverting interest from on-chain transactions? 🤔

📉 Data shows a 7-day average of 276K new BTC addresses, a sharp drop from 625K six months ago. Miners' revenue, transaction fees, and on-chain transaction volume are also on the decline.

🔍 The "New Addresses" indicator usually signals an influx of new investors. But with the recent approval of spot Bitcoin ETFs by the SEC, investors might be shifting towards derivatives speculation.

💰 Despite high transaction fees following the Runes hype, fees have stabilized from an average of $31.4 on April 23 to $2.97 on May 18. Yet, the number of active addresses remains low.

🌐 The global crypto market cap today is $2.53 trillion, with most altcoins trading in the red over the past day.

What's your take on this? Are we seeing a shift in the crypto space? Let's chat in the comments! #DeFi #CryptoNews

🚀📅 Big week for #Ethereum! SEC decision on VanEck's spot ETH ETF due on May 23, setting the tone for other issuers like Ark 21Shares, Hashdex, Grayscale, and more.

🔍 SEC needs to approve 19b-4s (exchange rule changes) & S-1s (registration statements) for ETFs to launch. Could they slow play the S-1s? It's possible.

🗳️ Five SEC Commissioners, including crypto-friendly Gensler, Pierce, and Uyeda, will vote. Will Gensler's vote tip the scales?

💰 ETH price could pump if approved, but consensus leans towards rejection. Yet, some analysts believe the ETH bottom is in and spot ETFs will eventually get approved.

📉 ETH prices slightly down, hovering around $3,100. SEC approval could trigger a quick rise to $3,500 and beyond.

What's your take? Will we see a green or red day for ETH? 💚❤️ #DeFi #CryptoNews

📢💰 North Korea's infamous Lazarus Group is back in the spotlight! They reportedly swiped a cool $147.5M in crypto from HTX, a crypto exchange owned by TRON's Justin Sun, last year. The funds were then funneled back to North Korea using the sanctioned crypto mixer Tornado Cash.

🔍 The UN has been keeping tabs on North Korean cyberattacks, with 97 suspected incidents on crypto firms between 2017 and 2024, totaling a whopping $3.6B.

🎯 In 2023, North Korean hackers shifted their focus to DeFi, pocketing around $429M. They also hit centralized services, exchanges, and wallet providers for a combined total of over $600M.

📉 Despite the total amount stolen being lower than in 2022, the number of hacks hit a record high of 20, aligning with a general downturn in the crypto market.

What are your thoughts on this? How can the DeFi sector ramp up its security measures? Let's chat below! 👇 #DeFi #CryptoNews

🚀🐕 Meme coin madness! DOGE and SHIB are top contenders for 2024, thanks to strong communities and high-profile endorsements. But don't count out PEPE, WIF, and BONK just yet.

- DOGE, the original joke coin, has seen a 100% increase since May 2023, and Elon Musk's Tesla now accepts it as payment.
- SHIB is up 180% yearly and boasts the strongest supporter base in the meme coin realm. Its layer-2 blockchain solution, Shibarium, recently underwent major upgrades.
- PEPE, WIF, and BONK, all built on the Solana blockchain, have seen recent price rallies and solid support bases.

What's your top pick for 2024? Share your thoughts below! #DeFi #Layer2 #DAO #Web3 #CryptoNews

🚀🔍 MIT siblings, Anton and James Peraire-Bueno, are in hot water, accused of a $25M Ethereum heist. They allegedly exploited a vulnerability, swiping the crypto in a mere 12 seconds!

- The brothers are facing fraud and money laundering charges.
- Prosecutors say they used their MIT-honed skills to manipulate Ethereum's transaction validation process.

If found guilty, they could be looking at 20+ years behind bars.

💭 What's your take on this? Do you think the crypto space needs more regulation to prevent such incidents? Let's chat in the comments! #CryptoNews #DeFi #Ethereum

🚀 Bitcoin (BTC) is soaring past $60K, reaching the $67K zone, thanks to a lower-than-expected inflation rate in the US.

📉 BTC selling pressure is on the decline, as seen in short-term holder activity and OTC desk balances. The latter has been stable since late April, indicating less BTC supply from the market.

🔍 Demand for BTC hasn't quite picked up yet, but signs point to a potential surge from the spot Bitcoin ETF market and other investment funds.

💰 Stablecoin liquidity growth is also on the rise, hinting at a possible uptick for BTC.

🤔 Do you think the market has bottomed out? Share your thoughts below! #Bitcoin #CryptoNews

🚀 Polkadot is making waves in the Web3 world! They've teamed up with Founder Institute to launch a Web3 startup cohort, set to kick off on May 28. They're also boosting scalability with Asynchronous Backing, making block production twice as fast! 🎉

Parachains like Acala Network and Moonbeam Network are stepping up their game too, with enhanced security, governance, and community engagement.

Got thoughts on these advancements? Drop a comment below! 👇 #Polkadot #Web3 #DeFi

🚀 Bitcoin's adoption is skyrocketing, with TradFi firms hopping on the BTC bandwagon like never before! 🎢

- Last quarter, a whopping 937 US professional firms invested in spot Bitcoin ETFs.
- Big names like Millennium Management and Susquehanna International Group led the pack with $2 billion and $1 billion investments respectively.
- Other notable investors include Bracebridge Capital, Boothbay Fund, Morgan Stanley, and Pine Ridge Advisers.
- Even major banks like JPMorgan Chase and Wells Fargo are dipping their toes in the Bitcoin ETF market.

Most firms spread their investments across various ETFs, with Grayscale’s GBTC, BlackRock’s IBIT, Fidelity’s FBTC, and Ark Invest’s ARKB seeing the largest allocations.

State-owned professional firms may soon join the party, with the State of Wisconsin Investment Board already setting the pace with a $163 million exposure to Bitcoin ETFs.

What's your take on this surge in Bitcoin adoption? Share your thoughts below! 👇 #Bitcoin #ETFs #TradFi #CryptoAdoption

🚀 Bitcoin's had a stellar week, soaring to a near-month high of over $67K! 🎉 Altcoins are also partying, with SOL, AVAX, BCH, LINK and more dancing to double-digit gains.

📉 BTC dipped to just over $60K last Friday, but the bulls were having none of it. They defended that level over the weekend and BTC began its climb on Monday, hitting over $63K.

📊 A brief dip to $61.2K on Tuesday didn't dampen spirits, with BTC shooting up post-US CPI announcement. It hit over $66.5K for the first time since mid-April.

📈 The bulls weren't done yet, pushing BTC to almost $67.5K. It's now trading around $67K, with a market cap of $1.32 trillion and a 51.7% dominance over alts.

🔥 SOL and LINK stole the show this week, with SOL up 17.5% to a multi-week high of over $170, and LINK up 22% to nearly $16.5.

💰 The total crypto market cap is up to $2.55 trillion, gaining over $150 billion on a weekly scale.

What are your predictions for the coming week? Let's chat in the comments! #Bitcoin #Altcoins #CryptoNews

🚨👮‍♂️ Chinese police have busted a massive underground banking ring that was using Tether (USDT) to move around a whopping 13.8 billion yuan ($1.9 billion).

🔍 Investigation reveals:
- The operation was led by a criminal gang from the import/export biz.
- They used USDT for illegal foreign exchange payments & settlements.
- The gang was also involved in tax fraud, smuggling, and financial fraud.

🚀 The crackdown:
- Initial discovery was in Nov 2022 during a drug case.
- A nationwide campaign against these banks started in June 2023.
- Raids across six cities led to 25 arrests and seizure of payment tools.
- A later raid in Aug 2023 resulted in 168 arrests across 26 provinces.

💡 This is the second major bust this month, with a previous operation involving $296 million in cryptos being shut down.

👇 What are your thoughts on this? How can the crypto community work to prevent such misuse? #CryptoNews #USDT

🚀 XRP is trading at $0.52, but some analysts predict it could skyrocket to $5.85, $18.22, or even $100! 🤯

- Ripple's ongoing lawsuit with the SEC is a major factor in XRP's price. Ripple's partial court wins are fueling optimism for a potential bull run.
- Analyst Dark Defender believes XRP could hit $5.85 and then $18.22. JackTheRippler even predicts a climb to $100!
- However, for XRP to reach such heights, its market cap would need to explode above $200 trillion. Currently, the entire crypto market cap is $2.5 trillion.

What do you think? Is XRP set for a moonshot or is it just wishful thinking? Share your thoughts below! #XRP #CryptoNews

🌋💰 El Salvador's volcano-powered Bitcoin mining is heating up! Since 2021, the country has mined 474 BTC (approx. $29.6M) using geothermal energy from the Tecapa volcano.

🔌 This sustainable method powers 300 mining processors, providing a green alternative to traditional, electricity-hungry mining operations.

🤝 Several big-name crypto miners, including Foundry USA and Binance Pool, have joined forces to create a blockchain verifying transactions powered by this geothermal plant.

📈 Adding the mined BTC to its purchases, El Salvador now holds 5,750 BTC (roughly $354M). Its Bitcoin HODL strategy has paid off, with a 55% return on investment and unrealized gains of about $66M.

🎉 Here's to more countries exploring sustainable crypto mining! What are your thoughts on El Salvador's volcano-powered Bitcoin mining? Let's chat below! #Bitcoin #CryptoMining #Sustainability

📈Crypto Roundup!🚀
1. #Ethereum: After a 7% price increase, ETH is eyeing the $3,350 resistance. Could we see a relief rally soon?🤔
2. #Ripple: XRP is up by 4% and looking to break the 54 cents resistance. Will the bulls take over?🐂
3. #Cardano: ADA broke the 46 cents resistance and is aiming for 60 cents. Will the momentum continue?🌪️
4. #ShibaInu: SHIB is keen to break the $0.000025 resistance. Will the buy volume keep increasing?📊
5. #Polkadot: DOT is in a range between $6.3 and $7.6, but the market is turning bullish. Will we see a breakout soon?🎯
Your thoughts? Comment below!👇 #CryptoNews #DeFi

🚀 Bitcoin's party is on fire! 🔥 BTC hit a 5-week high, soaring past $67,400. Ethereum didn't miss out, finally breaking the $3,000 resistance line and jumping to over $3,100.

📈 BTC's journey wasn't smooth, with a few dips and rises, but the bulls took control. The US's lower inflation rates gave BTC a major boost. Despite a few retracements, Bitcoin ETF inflows kept the price climbing.

📊 ETH, the second-largest crypto, was lagging but finally broke past $3,000, hitting over $3,100 for the first time in a week. Other larger-cap alts are also in the green, with gains of around 1-2%.

💰 The total crypto market cap added around $20 billion overnight, now at $2.560 trillion.

What's your take on this? Share your thoughts below! 👇 #Bitcoin #Ethereum #CryptoMarket