Former FTX executive, Ryan Salame, will probably spend 5-7 years in prison, you know! 😱 US federal prosecutors emphasized how serious Salame's offenses were. But Salame's defense team argued the sentence should reflect Salame's role in uncovering the fraud, and sought a light sentence of up to 18 months. Salame was the first FTX insider to alert Bahamian regulators of the impending crisis in late 2022. Salame is scheduled to be sentenced on May 28. He would be the first member of FTX founder Sam Bankman-Fried's inner circle to face punishment for his role in the crypto exchange's collapse. What do you think, is a 5-7 year sentence too harsh? Come on, give your opinion in the comments column!#CryptoNews#FTX #RyanSalame

The US House of Representatives has passed legislation providing long-awaited legal clarity on how crypto assets should be classified, registered and stored. This legislation, entitled the Financial Innovation and Technology for the 21st Century Act (FIT21), received nearly unanimous support from Republicans and an additional 71 votes from Democrats. 🎉

This law was hailed as a first step towards clear and precise rules for trading and registration of digital assets. This law also helps clarify which digital assets should be regulated by the Securities and Exchange Commission (SEC) versus the Commodities and Futures Trading Commission (CFTC).

However, not everyone agrees with FIT21. Several members of the Democratic Party and SEC Chairman Gary Gensler criticized this law, claiming that existing laws are sufficient to regulate crypto.

What do you think about this law? Come on, discuss it in the comments column!#FIT21#CryptoRegulation

Bitcoin surged above $71,000 this week, breaking out of a tight trading range that had confined it for several weeks. One of the main catalysts for this price action was strong demand through ETFs, with net flows of around $1.2 billion over the last week. 🚀

Based on recent analysis from CryptoQuant, this ETF has seen approximately $1.2 billion in net new flows, reflecting increased buyer interest in gaining exposure to the asset through this investment vehicle. This large capital flow into spot Bitcoin ETFs has provided a significant boost to the price of the primary cryptocurrency after a period of relative stagnation.

However, CryptoQuant still sees consolidation in the $60,000 to $70,000 range as more likely in the short term. There are no major positive economic factors currently that would drive large new capital flows and propel Bitcoin to a major price rally like in previous bull cycles.

However, the report also highlighted new signs that the next big rally could start sooner than anticipated. The market is already seeing a resurgence thanks to speculation regarding the approval of a spot Ether ETF that has pushed the collective market capitalization above $2.55 trillion.

So, will Bitcoin continue its rally or return to the consolidation zone? Let's discuss it in the comments column! 😄#Bitcoin#CryptoNews

BTC prices fell below $70,000 again in the Asian trading session this morning. However, according to analyst James Check, the market is not yet overbought. "Currently, based on various volume metrics, BTC price appears to be in line with fundamentals," he said. The current market is similar to conditions at the end of 2020. 📉

In December 2020, the price of BTC rose to reclaim its 2017 record high of $20,000. After consolidation, the price surged to a new peak of $30,000 on New Year's Day.

Currently, BTC price is close to reclaiming the mid-March peak of $73,738, indicating positive momentum and potential to enter price discovery territory.

Check also cited "top-heavy" market conditions, where a large number of investors are holding assets at a loss. However, these conditions have improved significantly, with only 6.6% of short-term holders' supply now held at a loss, reducing the risk of panic selling.

What do you think about this analysis? Share in the comments column! 💬#cryptonews#BTC

Ripple's recent market behavior shows a prolonged phase of uncertainty and sideways movement, with a slight price increase observed recently. However, XRP is facing a significant resistance zone, hinting at a possible near-term bearish rejection.

Looking at the daily chart, the price of XRP is swinging in a narrow range, characterized by market uncertainty. This range is defined by key resistance at $0.55 and a key support level at $0.47. Recently, there has been increased demand and bullish momentum pushing the price towards the upper limit of this range.

However, Ripple is now facing a crucial resistance zone. If buyers manage to break out this important area, a sustainable bullish trend could emerge. However, the latest price movement shows continued uncertainty and lack of definite market direction, suggesting that Ripple will probably continue trading sideways in this range until a breakout occurs.

On the 4-hour chart, a bullish bounce appears near the lower boundary of an ascending wedge, around the $0.50 mark, pushing the price towards a critical resistance area. If buyers surpass this critical resistance, a new bullish rally could be targeted to reach the upper limit of the wedge at $0.58.

In summary, although Ripple price has experienced a minor increase, it is facing a significant resistance level that could determine its next move. The market remains in a state of uncertainty, and traders should wait for a breakout or sustained consolidation within the current range. What do you think? Come on, discuss it in the comments column! 😄

Polkadot (DOT) recently showed a surge in demand that resulted in a price increase, surpassing previous swing tops and breaking through a multi-month descending trendline. The price is now approaching the upper limit of its consolidation range and is on the threshold of surpassing it. 🚀

Here's the technical analysis:

1. The daily chart shows that after a long sideways consolidation phase, a new surge in demand has pushed the price up.
2. If buyers manage to push above this range, it could signal the start of a sustainable bullish trend.
3. On the other hand, if selling pressure increases, a bearish reversal to the lower limit may occur.

On the 4-hour time frame, Polkadot's bullish momentum was more apparent, with the price experiencing an impulsive 12% spike into a significant resistance area.

What do you think? Will DOT continue to surge or will there be a bearish reversal? Come on, share your opinion in the comments column! 😄
#Polkadot#DOT#CryptoNews#Blockchain #Cryptocurrency

Today, May 22, we celebrate the 14th anniversary of Bitcoin Pizza Day! 🍕 On this day in 2010, Laszlo Hanyecz, a Florida programmer and early Bitcoin adopter, made the first documented purchase using Bitcoin, exchanging 10,000 BTC for two Papa John's pizzas.

At that time, 1 BTC was worth $0.0041, so the total purchase was $41. Now, the value of Bitcoin has increased rapidly and is currently above $70,000. Wow, that is the most expensive pizza in the world! 😂

Although it may seem financially wasteful, this pizza purchase has significance in Bitcoin history. This shows that Bitcoin can be used for everyday transactions, even though it seems very expensive now.

This year, we also saw many important developments in the Bitcoin industry, such as the approval of a Bitcoin ETF in the US and a 'halving' event that further strengthened Bitcoin's position as a legitimate and widely used asset.

However, let's not forget that the past year has also been a valuable lesson, with the emergence of many nefarious entities exploiting the hype around 'meme coins'. Let's hope this year is calmer!

Come share in the comments, what would you buy with 10,000 Bitcoin today? #BitcoinPizzaDay

Fund flows into the US Bitcoin ETF market have reversed after a period of minimal outflows and inflows. The Bitfinex Alpha report shows a new trend of massive inflows into Bitcoin ETFs signaling renewed investor interest and confidence in the potential of this digital asset. 🚀

Last week, the Bitcoin ETF recorded net inflows of $948.3 million, evidence of substantial investment. Interestingly, last week there were no outflows, while the previous week investors withdrew up to $111.7 million.

This reversal in ETF flows coincided with BTC's bullish trajectory, which recorded its highest daily close in five weeks. Bitcoin saw a significant rebound from its lows and recorded significant gains on May 15.

Bitfinex revealed that the current on-chain support level for bitcoin is $60,000. If passive inflows into the ETF are maintained, the asset will maintain a range above $60,000-$62,000. In addition to flows into ETFs, bitcoin's stability is supported by slowing distributions from long-term holders.

What do you think about this new trend? Come on, discuss it in the comments column! 💬

News Flash: Ripple's The outcome of Ripple's lawsuit with the US SEC could also have a major impact on the value of the token, potentially triggering major volatility. 🚀

The crypto market has been booming lately, with increasing odds that the US SEC may approve an Ethereum spot ETF this week. Not surprisingly, ETH is one of the best, but not the only one in the green.

Ripple's XRP rose 6% yesterday, approaching $0.55 for the first time since May. The rise caught the attention of many analysts who believe an impressive top may be on the horizon.

The most optimistic prediction comes from JAVON MARKS, who claims that a bullish breakout is on the cards as XRP approaches a “major convergence point” and “the RSI pattern currently indicates momentum in price.”

Based on these conditions, JAVON MARKS envisions a wild target of $15-$20 for the value of XRP. "The bullish signs are there, and only time may hinder their appearance," they argued.

The main factor that could trigger severe volatility in asset values ​​is the outcome of a possible lawsuit between Ripple and the US SEC.

What do you think about this prediction? Share in the comments column! 💬

Today (May 21), the crypto market is green 🟢. Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and many other digital assets recorded impressive gains. Polkadot (DOT) was also on the bullish list, with a daily price increase of 7%.

DOT Price, Source: CoinGecko

Many analysts are taking notice of the asset's rise, with impressive predictions for the future. For example, Crypto Thanos claimed that the $6-$7.50 range was for “accumulation only,” and set $10 as its next target.

Dippy.eth also chimed in, suggesting that DOT is “looking to break out” of the $6.90-$7.50 accumulation zone. According to them, reclaiming the $7.50 mark might lead to “higher levels.” Recall that the asset surpassed that mark a few hours ago and is currently trading around $7.55 (CoinGecko data).

What do you think about this increase? Do you invest in DOT? Share your opinion in the comments column! 😁

"Happen!" exclaimed Bloomberg ETF analyst James Seyffart on May 22, adding that at least five potential ETH ETF issuers had filed their amended 19b-4s with the Securities and Exchange Commission hours ago. Fidelity, VanEck, Invesco Galaxy, Ark 21Shares, and Franklin all filed amendments through the Chicago Board Options Exchange (CBOE). 📈

However, don't rush! Despite a lot of activity, there is still a long way to go to launch, Seyffart said. "This filing proves that all rumors and speculation have been accurate." However, there would need to be SEC approval on all 19b-4s, then regulators would need to approve the S-1 application, which could take "a week or more before the ETF is launched," he said.

Seyffart kept his approval odds at 75% after an increase from 25% earlier this week. What do you think? Will we see an Ethereum ETF soon? Come on, discuss it in the comments column!#cryptonews#ETF #Ethereum

Ethereum buying demand on Binance surged sharply, driven by optimism over the potential approval of a long-awaited spot Ether ETF. This is evident from the huge spike in Ethereum Net Buyer Volume on this popular exchange, reaching an all-time high. 🚀

According to CryptoQuant's latest analysis, this surge is likely driven by speculation of the approval of a highly anticipated spot Ether ETF. In response, Binance traders have aggressively gone long Ethereum using market orders. In one candle, Buyer Buy Volume exceeded Buyer Sell Volume by $530 million, marking the largest single Net Buyer Volume ever recorded on Binance for Ethereum.

This suggests that Binance traders are very bullish on Ethereum and are willing to pay a higher price for their buy execution immediately, most likely in anticipation of a price spike if an Ethereum ETF is approved.

"Binance traders are placing buyers on Ethereum ETF news like there is no tomorrow."

What do you think about this? Come on, leave your comments below!#Ethereum#Binance #ETF

Last Monday, New York Attorney General Letitia James announced a $2 billion settlement with bankrupt crypto company Genesis Global. This news was greeted with big laughs by investors who felt cheated by Genesis, including tens of thousands of New Yorkers. 😂

In a post on social media, James revealed that this was the largest settlement in the history of a crypto company in New York. The funds will be returned to injured investors and Genesis will be prohibited from operating in New York.

According to a press release from the Attorney General's Office, the settlement includes the creation of a Victims' Fund to assist investors defrauded by Genesis.

"When investors suffer losses due to fraud and manipulation, they have the right to be compensated," James said. "This historic settlement is a major step toward justice for victims who invested in Genesis."

The Survivors Fund will benefit 29,000 New Yorkers who invested more than $1.1 billion through the Gemini Earn investment program. This fund will be financed from distributions of Genesis assets remaining after creditors receive their initial payments.

What do you think about the resolution of this case? Come on, leave your comments below!#GenesisGlobal#CryptoNews

Alex Thorn, Head of Research at Galaxy Research, speculates that the SEC may differentiate between Ethereum (ETH) and staked Ether, which may be classified as a security. Thorn suggested that the SEC might prohibit ETFs from staking the ETH they hold. 🤔

By distinguishing between ETH and staked ETH, the SEC could introduce a spot Ethereum ETF while maintaining a strict regulatory framework around staked assets and other altcoins.

Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart raised their prediction on the probability of approval of a spot Ether ETF from 25% to 75% on Monday.

Meanwhile, Ethereum's value has surged more than 20% following news that the SEC may approve a spot ETH ETF, despite previous market consensus that approval was unlikely.

What do you think about this? Come on, discuss it in the comments column!#cryptonews#ETH #SEC

Bitwise executives have inside scoop on major financial players investing in BTC - but they're reluctant to name anyone. 🤫

Bitwise CEO Hunter Horsley in a recent interview discussed how institutional and regulatory acceptance of Bitcoin as an investment asset is growing faster behind the scenes than most people realize.

Horsley confirmed that a country's wealth fund has started mining Bitcoin. He also mentioned a “major technology company” that has invested a “meaningful percentage” of its balance sheet into the Bitwise Bitcoin ETF, which now manages $2.3 billion in assets. The company wanted to keep their purchases private.

Horsley predicts that next year, giant tech companies like Meta will probably add Bitcoin to their balance sheets, thanks to ETFs that make the asset much easier to hold.

So, who do you think this secret player is? Come on, discuss it in the comments column! 😄

A weakening Japanese yen could potentially drive action that increases the price of Bitcoin and other cryptocurrencies, according to former BitMEX CEO Arthur Hayes. 📉

Hayes explained that a weakening yen against the US dollar could harm the competitiveness of Japanese exports against China. China could threaten to lower the value of the yuan if Japan does not strengthen the yen.

To avoid a decline in the value of the yuan that would harm US manufacturing, the US could pressure Japan to strengthen the yen by undertaking unlimited dollar-yen currency swaps through the Federal Reserve and the Bank of Japan.

This massive dollar swap would increase the global supply of dollars, weakening the dollar but allowing China to stimulate its economy without lowering the value of the yuan.

Thus, a weakening dollar will push up the prices of dollar-nominated assets such as US stocks and cryptocurrencies such as BTC.

Hayes sees this pressure on the weakening yen to peak around the US election, prompting policymakers to act. A situation like this is potentially very bullish for Bitcoin as a hedge against rising global liquidity.

What do you think about this prediction? Come on, discuss it in the comments column! 💬

📣 The latest news from the crypto world! Peter Schiff, a well-known critic of Bitcoin, has again attacked Bitcoin with his warning. According to him, if the US Securities and Exchange Commission approves an Ethereum ETF, bad news will hit Bitcoin. 😱

However, don't rush to panic! Schiff is known for criticizing Bitcoin, but his predictions are rarely correct. For example, a month ago he predicted Bitcoin would fall drastically if it fell below $60,000. but what happened? Bitcoin only briefly dipped below that figure and is now trading above $70,000. 🚀

So, what do you think about Schiff's statement this time? Will an Ethereum ETF really have an adverse impact on Bitcoin? Come on, discuss it in the comments column! 👇
#Bitcoin#Ethereum#ETF#CryptoNews

May 20, Grayscale's GBTC fund saw an inflow of $9.3 million. Although much lower than rivals BlackRock or Fidelity, this is a milestone for Grayscale, which has lost capital since converting the fund to a spot Bitcoin ETF in January. This is the first time since mid-January that GBTC has seen four consecutive days of inflow. GBTC's total inflow over four trading days was $72.5 million. 📈

However, GBTC has lost 53% of assets under management over the past four months, totaling 330,610 BTC worth about $23.5 billion. Given the exodus, observers expect something similar to happen to his Ethereum fund if the SEC approves its conversion to a spot ETH ETF on or before the June 23 deadline.

However, Bitcoin price is up 70% since the spot ETF approval despite the exodus from GBTC. If something similar happens with ETH, the asset could potentially rise to $6,000 in the next few months.

Total inflows for all spot Bitcoin ETFs on May 20 were $237.2 million. Over the past five trading days, more than $1.1 billion has poured into BTC ETFs.

ETF inflows increased as crypto market capitalization hit a six-week peak of $2.74 trillion on May 21, driven primarily by Ethereum. What do you think? Come on, discuss it in the comments column!

After several days of trading flat around $67,000, bitcoin suddenly surged hard yesterday, rising several thousand to a multi-week peak of $72,000. 🚀

The altcoin rally was led by Ethereum, which surged about 20% at one point, thanks to revived hopes about the approval of an ETH ETF by the US SEC.

Bitcoin managed to regain $72K. The ever-volatile crypto market can change a lot in a week, and here's what happened in the last seven days. Last Tuesday, the primary cryptocurrency failed to overcome $63,000 and fell back to $61,000.

However, the value started to surge after the US CPI figures came out on Wednesday and rose to around $67,000. After some fluctuations at that level, the asset calmed down over the weekend and hovered between $66,000 and $67,000.

Monday also started quietly, but the scene changed during the evening US trading session, and BTC exploded out of the gate. Within hours, the cryptocurrency jumped by around five thousand and recorded a 6-week high of $72,000.

Despite the pullback since then, BTC is still above $70,000, up 6% in a day. The market capitalization has reached $1.4 trillion, but its dominance over altcoins has reduced to under 51%.

The news that made the crypto market fly was regarding Ethereum and the eventual approval of a spot ETF in America. Of course, the underlying asset gains the most. ETH jumped 20% at one point from around $3,100 to over $3,700, which was its highest price since April 9.

So, what do you think about this surge? Come on, discuss it in the comments column! 💬

Polkadot officially launched Polimec, a community-based funding protocol designed to change the way Web3 projects raise capital and issue tokens. Polimec offers a transparent and regulatory compliant environment, connecting investors and startups globally. 😄

Polimec enables community members to rate and support innovative projects, driving the future of decentralized initiatives. To participate, users must obtain Deloitte KYC Credentials, which provide access to funding information, project evaluations, and the ability to join funding rounds.

Polimec allows projects to undertake single or multiple funding rounds, offering flexibility for project teams and investors. Interested in participating? Come on, discuss it in the comments column!

The Evaluation Round is a 28-day period where the evaluator performs due diligence on the project by examining the whitepaper, team, tokenomics, and more. Evaluators must bond their PLMC tokens to show support for the project. If 10% of the target funding amount is committed, the project moves to a Funding Round.

Polkadot is very enthusiastic about the launch of Polimec. Apillon is the first project featured at Polimec, an infrastructure solution designed for Web3 developers. Other projects that will receive funding at Polimec include Mandala Chain, Gotem, and ImpactScope.