🚀Get ready for a new chapter in the crypto world! The Volatility Shares 2x Ether Strategy ETF (ETHU) is set to become the first leveraged ether ETF in the U.S., with trading kicking off on June 4.

This comes hot on the heels of the Volatility Shares 2x Bitcoin fund, which launched a year ago. The spot bitcoin ETFs got the SEC's thumbs up and started trading about seven months later.

Volatility Shares CIO Stuart Barton believes the approval of the leveraged ether ETF could smooth the path for the spot ether ETFs. The SEC has approved key regulatory filings for the spot funds but hasn't yet given the go-ahead for their launch.

Barton suggests the launch of a 2x Ether ETF indicates the SEC's growing appetite for more crypto-linked ETFs. 🎉 What do you think? Will this pave the way for more crypto ETFs? Share your thoughts below! #CryptoNews #ETHU #ETFs

🔥Hot off the press! Binance exec, Tigran Gambaryan, is reportedly suffering from Malaria while detained in a Nigerian jail. The U.S. citizen has been held for over two months on charges of money laundering and tax evasion.

Despite a court order, Gambaryan hasn't been moved to a hospital, leaving his condition unverified due to inadequate medical facilities. His wife is pleading for help, stating he's suffering simply for attending a meeting in Abuja.

The hearings for the charges are set for June 14 and 20. What are your thoughts on this? Let's discuss below!👇 #Binance #BlockchainNews

Note: This is a summary of an article and does not reflect personal opinions.

🔔#BlockchainNews: Ex-FTX exec Ryan Salame has been sentenced to 7.5 years in prison by a U.S. court. He was also ordered to pay over $6M in forfeiture & $5M in restitution.

Salame had pled guilty to conspiracy for unlawful political contributions, defrauding the Federal Election Commission, and running an unlicensed money-transmitting business. His involvement in these crimes undermined public trust in U.S. elections and the financial system, according to U.S. Attorney Damian Williams.

Despite cooperating with U.S. authorities and initiating the FTX investigation, Salame's request for leniency and a shorter sentence was denied.

👉 What are your thoughts on this? Is the sentence fair? Let's chat in the comments! #CryptoNews #FTX

🚀Get ready, blockchain enthusiasts! Consensus 2024 is kicking off in Austin, Texas, from May 29 to 31. Expect a jam-packed schedule covering everything crypto and Web3, from regulation and finance to protocol development and creative marketing. 🌐

Not to mention, the city will be buzzing with hundreds of side-events. Whether you're a financial professional, a crypto developer, or a venture capitalist, there's something for everyone.

We're even organizing an AI Summit! And let's not forget about the startups gathering for Pitchfest.

So, what are you most excited about? The speakers? The tech spotlight? Or maybe the after-hours guides? Let us know in the comments! #Consensus2024 #Blockchain #Crypto

🔥Hot off the press! AI's future is not in the centralized cloud, but in the decentralized revolution!

The AI Summit at Consensus 2024 reveals that centralized AI models are outdated and pose a security risk. Case in point: the recent vulnerability in Hugging Face, an AI-as-a-Service platform. 😱

But don't panic! The solution lies in flipping the cloud on its head and embracing decentralization. Why? It's safer, more secure, and provides vast compute resources.

Big Tech's monopoly on AI is stifling its potential. When AI is controlled by a few, it risks bias and limits innovation. Plus, the centralized model poses significant risks to users' personal data and privacy.

The answer? Decentralization! It's the key to democratizing AI. By creating a network of nodes that harness unused CPU power, we can overcome the chip shortage and make AI more scalable and affordable.

Moreover, blockchain technology enables decentralized AI, rewarding creators with crypto tokens and smart contracts. This fosters a more equitable model for innovation in the AI field.

Token-based AI projects will deliver what the market truly wants and needs. Plus, it gives users peace of mind that their data is secure.

So, let's bid adieu to Big Tech's AI oligarchy and welcome the era of decentralized AI. 🚀

What are your thoughts on this? Let's discuss in the comments! #AISummit #DecentralizedAI #BlockchainTechnology

🔥Hot off the press! Riot Platforms (RIOT) is making moves to acquire fellow Bitcoin miner Bitfarms (BITF), already securing a 9.25% stake in the company. If this proposal goes through, the combined entity would be the world's largest Bitcoin miner! 🌐💪

Riot proposed to buy all outstanding BITF shares at $2.30 each, a 24% premium on their one-month volume weighted average price. But it's not all smooth sailing - Bitfarms rejected the bid, sparking a lawsuit by their recently fired CEO.📈👀

Bitfarms' shares, however, are up nearly 6% following Riot's announcement. It's a wild ride in the crypto world, folks! What are your thoughts on this potential merger? Let's get the conversation going in the comments! 💬👇 #CryptoNews #BitcoinMiner

🚀Semler Scientific (SMLR) is riding the #Bitcoin wave! The company announced the purchase of 581 BTC for its treasury, causing a 25% surge in its stock price. With an average price of about $68,850 per token, this investment cost them a cool $40 million.💰

Chairman Eric Semler sees Bitcoin as a "major asset class" with unique characteristics that make it a strong inflation hedge and safe haven. He even prefers it to gold! 🥇

Despite today's gains, SMLR's stock is still down 2% YoY. What's your take on this bold move? Is #Bitcoin the new gold? Share your thoughts! #CryptoNews #Blockchain

🚀"Developers, developers, developers!" Steve Ballmer's 2006 chant is more relevant than ever in the blockchain world. Blockchains thrive with top-notch developers, and that's why we're hosting the first-ever in-person hackathon at Consensus! Teaming up with EasyA, we're bringing the world's best developers to hack on leading blockchains for three days.👩‍💻👨‍💻

The stakes? Over $200K in prize money and millions more in grants and VC funding. The goal? To see long-lasting projects built across participating ecosystems. EasyA alumni have already founded projects valued at over $2.5 billion and won funding from top VCs.

Developers, don't miss your chance to be part of Consensus history. Apply now for our EasyA Consensus hackathon. Let's build the future together!💡#ConsensusHackathon #BlockchainDevelopment

What project would you build if you were part of the hackathon? Share your ideas below!👇

🚀Big news in the crypto world! The U.S. House of Representatives has voted in favor of a crypto market structure bill, which could signal a new era in how Washington views the industry. Even if the bill doesn't become law, it's a step forward for crypto regulation.🔍

The Financial Innovation and Technology for the 21st Century Act received support from both Democrats and Republicans, showing a bipartisan interest in crypto. This comes after the SEC approved forms from exchanges hoping to list and trade shares of spot ether ETFs, a surprising turnaround from an expected denial.🔄

There's speculation that these moves are influenced by the upcoming election, but it's clear that there's real interest in crypto now more than ever. The big question is whether this momentum will continue post-election.🤔

What do you think? Will the desire to work on crypto legislation continue after the U.S. election in November? Let's discuss in the comments!👇 #CryptoNews #Blockchain #CryptoRegulation

🚀Maple Finance, a crypto lending firm, is sweetening the DeFi space with its new Syrup platform and rewards token! 🍁 The permissionless service targets a whopping 15% yield from fully collateralized loans to top crypto institutions.

Users can deposit Circle's USDC stablecoin into Syrup and earn LP tokens (syrupUSDC) with extra yield in the form of "Drips," a loyalty payment from the SYRUP rewards token.

Maple's native token holders (MPL) can migrate to the SYRUP token on a one-for-one basis.

Despite the bear market, Maple has thrived thanks to its institutional focus and stringent KYC checks. With Syrup, it aims to bring institutional-quality yields to the broader DeFi audience.

What are your thoughts on this? Will Syrup be the next big thing in the DeFi space? Let's discuss! #DeFi #CryptoLending #MapleFinance

🚀Bitcoin took a slight dip below $68K after a mysterious $9B BTC transfer from Mt. Gox wallets, but fear not, it's bouncing back! 📈 Meanwhile, Solana validators are set to receive more SOL tokens after a governance proposal passed with 77% favor. This move aims to keep the network safe and running smoothly.

In other news, Elwood Technologies, backed by billionaire Alan Howard, is reportedly selling part of its business. The focus is shifting towards portfolio and risk management, less on trading.

Lastly, the chart of the day shows lower selling pressure from BTC traders, indicating that heavy selling has been exhausted.

What are your thoughts on these market movements? Let's discuss! #CryptoNews #Bitcoin #Solana

🚀Bitcoin and Ether ETF markets are set to skyrocket to a whopping $450 billion, according to a Bernstein report. That's over $100 billion flowing into crypto ETFs in the next 2 years! 🎉

The U.S. approval of an Ether spot ETF is a game-changer, not just for Ether, but for rival tokens like Solana too. Bernstein predicts a Bitcoin cycle high of $150,000 in 2025 and a year-end price target of $90,000.

Ether's 26% gain last week, following the SEC's approval of 8 spot ETH ETF issuers, is just the beginning. With Ether now classified as a commodity, not a security, the biggest controversy surrounding the cryptocurrency has been settled.

This approval is a major step forward for blockchain assets, paving the way for other tokens to follow suit. Could Solana be next? Let's discuss in the comments! #CryptoNews #Bitcoin #Ether #ETFs #Blockchain

🚀Crypto prime broker FalconX is stepping up its game by launching a dedicated foreign exchange (FX) desk in London! The team, led by Ben Sebley, is made up of experts from crypto banking firm BCB Group. They'll be offering access to 20 forex pairs, including major currencies like the US dollar, euro, and British pound.💱

FalconX, known as the world's largest digital asset prime broker, is planning to establish new fiat gateways and enhance fund movements across traditional currency pairs. This move aims to merge crypto and fiat seamlessly, setting a new benchmark for efficiency and integration.🌐

Institutional investors, get ready! You'll now have access to FalconX's FX liquidity, enhancing the digital asset market structure. This comes after FalconX introduced a service allowing institutions to trade on exchanges while their funds remain in regulated, bankruptcy-remote custody.🔐

What do you think about FalconX's new FX desk? Will it change the game for institutional investors? Drop your thoughts below!👇 #CryptoNews #FalconX #FXTrading

🚀Solana validators are set to pocket more SOL tokens! A recent governance vote passed with 77% in favor, now allows validators to receive 100% of priority fees from transactions. This move aims to boost network security and efficiency.

Previously, priority fees were split, half burnt and half rewarded to validators, leading to some sneaky side deals with transaction submitters. 🕵️‍♂️

Now, all priority fees go straight to the validators, keeping them focused on maintaining a safe and smooth-running network. This change is part of Solana Improvement Document number 96 (SIMD-0096) and has been implemented with a feature called "Reward full priority fee to validators #34731."

And guess what? SOL is up 1.6% in the past 24 hours, trading at $166! 📈 What do you think of this new change? Let's chat in the comments! #Solana #Blockchain #CryptoNews

🔥Hot off the press! Elwood Technologies, the crypto-focused platform backed by billionaire Alan Howard, is reportedly in talks to sell part of the business.💼 Sources say the company is shifting its focus more on portfolio and risk management services, and less on the trading side.🔄

This move comes as Howard reorganizes his portfolio of crypto investments. Elwood, with a workforce of 100 across the UK, US, Jersey, and Singapore, made $11.5M in revenue in 2023 but reported a loss of $16.9M after partner payouts.💰

What do you think this means for the future of Elwood and the crypto market? Drop your thoughts below!👇 #CryptoNews #ElwoodTech

🚀Crypto's influence on politics is soaring! Trump's pro-crypto stance, including pledging to commute Silk Road founder Ross Ulbricht's sentence, has seen his odds rise in prediction markets. Biden's odds, on the other hand, have slipped.📉

🎲In the VP stakes, Doug Burgum is gaining traction but still trails behind Tim Scott. Meanwhile, an ether ETF approval contract has seen bettors score triple-digit returns, despite disputes over its resolution.💰

📊Prediction markets are proving to be a reliable gauge of sentiment, as they reflect the real stakes bettors have in the game. What do you think? Are crypto and politics becoming more intertwined? Let's discuss!👇

#Crypto #Politics #PredictionMarkets

🔥Hot off the press! Uniswap Foundation, the nonprofit behind Uniswap, gives us a peek into its financials! 💰At the end of Q1, it held a whopping $41.41M in fiat & stablecoins, plus 730,000 UNI tokens.

💼The funds are earmarked for grant commitments & operational activities, while the UNI tokens are set aside for employee awards.

🗳️But wait, there's more! UNI token holders are gearing up to vote on a new fee mechanism. If approved, it could shift rewards from liquidity providers to token holders.

🚀Despite looming SEC threats, Uniswap is standing its ground, disputing the SEC's jurisdiction and definition of an exchange.

👀Stay tuned for more updates & let's discuss! What do you think about this new fee mechanism? #Uniswap #CryptoNews

🚨Crypto Drama Alert!🚨 Normie (NORMIE) took a 99% nosedive after an exploit manipulated its total supply, draining its liquidity pools. The culprit? A so-called tax function in the token's contract. But plot twist! The attacker offered to return 90% of the stolen funds if Normie devs agreed to relaunch the project.💰

The attacker's on-chain message read, "I offer to return 90% of the exploited ETH, keeping 10% as a bug bounty (with no reprisals). One condition: it, and the 600 ETH in the dev wallet, are used to fairly launch a new token that is used to reimburse NORMIE holders." 📜

The Normie devs accepted the offer, marking one of the first instances of an attacker keeping a project relaunch as a condition to return funds. But not all is rosy - one NORMIE investor saw their $1.6 million investment shrink to just $150 in seconds.💔

What's your take on this? Is the attacker a villain or a vigilante? And what about the investor who lost big? Let's discuss! #CryptoDrama #NormieToken

🔥Hot off the press! Trump vows to commute Silk Road founder Ross Ulbricht’s life sentence if re-elected. "He's served 11 years, we're gonna get him home," he declared at the Libertarian National Convention. The crowd went wild! 🎉

Earlier, Trump praised the crypto industry on Truth Social, stating, "Our country must be the leader in the field. There is no second place." He's determined to prevent Biden's "slow and painful death" of the crypto industry.

Ulbricht, sentenced to life for creating Silk Road, has become a martyr in the crypto community. Trump's promise to free him was met with cheers and "Free Ross" signs.

Trump also promised to "stop Joe Biden’s crusade to crush crypto" and ensure the future of crypto and bitcoin will be made in the USA. He's even accepting crypto donations for his campaign!

What do you think about Trump's crypto-friendly stance? Let's chat in the comments! #CryptoNews #Trump2024

🚀Trump's crypto love affair is heating up! He's not just flirting with the idea, he's all in, declaring "Our country must be the leader in the field, there is no second place." 💪

Trump's pro-crypto stance is causing waves in Washington, with his campaign now accepting crypto donations. He's the first major party candidate to embrace Bitcoin, Ether, and other digital currencies. Talk about a game changer! 🎉

But wait, there's more! Trump's crypto enthusiasm seems to be thawing the Biden administration's frosty stance. The White House recently expressed opposition to a crypto market structure bill, but stopped short of threatening a veto.

And guess what? The House approved the measure, and it's now heading to the Senate. Plus, Ether ETFs are one step closer to becoming available in the U.S. after the SEC approved key regulatory filings.

What do you think? Is this a turning point for crypto in the U.S.? Share your thoughts below! #CryptoNews #TrumpCrypto 📈🔥