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๐Ÿ‡ฆ๐Ÿ‡บ ๐—”๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐—ฎ ๐—ช๐—ถ๐—น๐—น ๐—Ÿ๐—ฎ๐˜‚๐—ป๐—ฐ๐—ต ๐—™๐—ถ๐—ฟ๐˜€๐˜ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—˜๐—ง๐—™ ๐—ถ๐—ป ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ The Australian Securities Exchange (ASX) could approve a spot Bitcoin ETF by the end of 2024. Bloomberg reports this. ๐Ÿ—ฃ According to BetaShares head of digital assets Justin Arzadon, the firm is preparing its Bitcoin ETF for listing on the ASX and has already reserved tickers. The influx of investment in the instrument in the United States โ€œproves that cryptocurrencies are here to stay,โ€ he added. Australia's $2.3 trillion superannuation market could help fuel inflows to funds, the article says. ๐Ÿ‡ญ๐Ÿ‡ฐ ๐™๐™ค๐™ข๐™ค๐™ง๐™ง๐™ค๐™ฌ, ๐™ฉ๐™๐™š ๐™›๐™ž๐™ง๐™จ๐™ฉ ๐™จ๐™ฅ๐™ค๐™ฉ ๐˜ฝ๐™๐˜พ ๐™–๐™ฃ๐™™ ๐™€๐™๐™ƒ ๐™€๐™๐™๐™จ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™ก๐™–๐™ช๐™ฃ๐™˜๐™๐™š๐™™ ๐™ž๐™ฃ ๐™ƒ๐™ค๐™ฃ๐™œ ๐™†๐™ค๐™ฃ๐™œ, ๐™ฉ๐™๐™ž๐™จ ๐™š๐™ซ๐™š๐™ฃ๐™ฉ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™–๐™ฃ๐™ค๐™ฉ๐™๐™š๐™ง ๐™ž๐™ข๐™ฅ๐™ค๐™ง๐™ฉ๐™–๐™ฃ๐™ฉ ๐™จ๐™ฉ๐™š๐™ฅ ๐™ž๐™ฃ ๐™ฉ๐™๐™š ๐™–๐™™๐™ค๐™ฅ๐™ฉ๐™ž๐™ค๐™ฃ ๐™ค๐™› ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค๐™˜๐™ช๐™ง๐™ง๐™š๐™ฃ๐™˜๐™ฎ ๐™ฉ๐™๐™ง๐™ค๐™ช๐™œ๐™๐™ค๐™ช๐™ฉ ๐™ฉ๐™๐™š ๐™ฌ๐™ค๐™ง๐™ก๐™™. $BTC $ETH #BTC #ETH #ETF

๐Ÿ‡ฆ๐Ÿ‡บ ๐—”๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐—ฎ ๐—ช๐—ถ๐—น๐—น ๐—Ÿ๐—ฎ๐˜‚๐—ป๐—ฐ๐—ต ๐—™๐—ถ๐—ฟ๐˜€๐˜ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—˜๐—ง๐—™ ๐—ถ๐—ป ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ

The Australian Securities Exchange (ASX) could approve a spot Bitcoin ETF by the end of 2024. Bloomberg reports this.

๐Ÿ—ฃ According to BetaShares head of digital assets Justin Arzadon, the firm is preparing its Bitcoin ETF for listing on the ASX and has already reserved tickers. The influx of investment in the instrument in the United States โ€œproves that cryptocurrencies are here to stay,โ€ he added. Australia's $2.3 trillion superannuation market could help fuel inflows to funds, the article says.

๐Ÿ‡ญ๐Ÿ‡ฐ ๐™๐™ค๐™ข๐™ค๐™ง๐™ง๐™ค๐™ฌ, ๐™ฉ๐™๐™š ๐™›๐™ž๐™ง๐™จ๐™ฉ ๐™จ๐™ฅ๐™ค๐™ฉ ๐˜ฝ๐™๐˜พ ๐™–๐™ฃ๐™™ ๐™€๐™๐™ƒ ๐™€๐™๐™๐™จ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™ก๐™–๐™ช๐™ฃ๐™˜๐™๐™š๐™™ ๐™ž๐™ฃ ๐™ƒ๐™ค๐™ฃ๐™œ ๐™†๐™ค๐™ฃ๐™œ, ๐™ฉ๐™๐™ž๐™จ ๐™š๐™ซ๐™š๐™ฃ๐™ฉ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™–๐™ฃ๐™ค๐™ฉ๐™๐™š๐™ง ๐™ž๐™ข๐™ฅ๐™ค๐™ง๐™ฉ๐™–๐™ฃ๐™ฉ ๐™จ๐™ฉ๐™š๐™ฅ ๐™ž๐™ฃ ๐™ฉ๐™๐™š ๐™–๐™™๐™ค๐™ฅ๐™ฉ๐™ž๐™ค๐™ฃ ๐™ค๐™› ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค๐™˜๐™ช๐™ง๐™ง๐™š๐™ฃ๐™˜๐™ฎ ๐™ฉ๐™๐™ง๐™ค๐™ช๐™œ๐™๐™ค๐™ช๐™ฉ ๐™ฉ๐™๐™š ๐™ฌ๐™ค๐™ง๐™ก๐™™.

$BTC $ETH #BTC #ETH #ETF

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โš ๏ธ Avalanche (AVAX) Could Hit $40 on Bullish Signs Bullish technicals and positive crypto momentum point to a potential Avalanche (AVAX) rally targeting $40. Here are the key factors that could propel the altcoin higher. Avalanche (AVAX)ย has remained in the $30-$39 price range for weeks. After rallying above $60 in March, AVAX dipped to the $35 region and has since struggled to break the $40 resistance. However, recent bullish patterns indicate a possible surge to reclaim the $40 level. ๐Ÿ”ธ What's Driving Avalanche's Price? The overallย crypto marketย momentum often impacts the prices of altcoins like AVAX. Bitcoin's push above $66,000 recently has helped boost buying pressure on Ethereum and other major altcoins. Ecosystem developments are also aiding AVAX's ascent. Avalanche will assist in managing tokenized U.S. Treasuries on Ethereum, increasing its popularity. Avalanche's new $1 million liquidity mining program called Memecoin Rush aims to attract more meme coin activity. ๐Ÿ”ธ AVAX Price Outlook Based on these tailwinds, analystsย predict AVAXย could rally to the $40 level in the coming days if it can overcome the $39.02 resistance. Market analyst Omar sees AVAX breaking out of a major trendline, potentially triggering a 40% short-term rally. Technically, AVAX is forming a bullish engulfing pattern on the daily chart as buyers return. It has found support at $34.04 and is testing the $37.70 resistance. A breakout could quickly push AVAX to $40. The RSI indicator rising into bullish territory also supports more upside. However, over 28% of the circulating AVAX supply is held by short-term investors who could sell into a rally. A large demand barrier also exists around $38 where over 12 million AVAX were purchased. Overall, while bullish momentum is building,ย AVAXย may face further consolidation if sellers continue limiting major breakouts. A decisive move above $39 is needed to spark the next rally toward $40 and higher. $AVAX #AVAX #Avalanche
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๐Ÿ‘€ Ethereum Bulls Awaken as ETH Reclaims $3,000 Ethereum (ETH) is showing signs of a bullish resurgence, retaking $3,000 as whales double down. With positive technicals aligning, is the stage set for ETH's next rally? Whileย ETHย is up strongly today, it is still down around 1% for the week and 1.5% for the month as it works to recover from recent losses. Ethereum's market cap currently sits at $373 billion, making it the #2 cryptocurrency, with $14.4 billion in trading volume over the last 24 hours. ETH trades at $3,105.22, inching closer to a key resistance level at $3,059. This level previously acted as support, so a decisive break above it could solidify Ethereum's bullish momentum. A successful breach of $3,059 would push ETH out of the bearish channel that has kept a cap on its upward trajectory. The technical indicators are aligning in favor of more upside as well. Ethereum's RSI sits at 51, showing slight bullish momentum, while the MACD is positive. However, ETH still trades below its 50-day SMA, which it will need to reclaim to reinforce a new uptrend. If the bulls can conquer the $3,059 resistance, the path could open up for Ethereum to target higher levels. ๐Ÿ”ธ Massive ETH Transfers Hint at Potential Price Surge Adding to the bullish outlook, several cryptoย whalesย have moved large amounts of ETH worth around $22 million each from Coinbase to unknown wallets in recent transactions. Whales 0x091d, 0xd26e, 0xfe73 and 0xf627 each transferred exactly 7,563ย ETHย from Coinbase to private wallets. These major transfers, totaling around $88 million worth of ETH, often signal whales' intention to hold for the long-term. By moving funds off exchanges to self-hosted wallets, whales are likely preparing to accumulate more coins or simply hodl their existing positions in anticipation of higher prices ahead. Given Ethereum's positive technical posture and the upbeat sentiment from whales, these large transactions could foreshadow increasing upward price pressure for ETH. $ETH #ETH #Ethereum
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๐Ÿ“ˆ Bitcoin Gains Momentum with ETF Inflows Bitcoinโ€˜s price surged to $66,867 just before the daily close, reflecting a significant milestone as it has not reached the $67,000 range for a month. This price increase is driven by positive market sentiment and substantial ETF inflows. Analysts are closely monitoring these inflows, which play a crucial role in shaping Bitcoinโ€™s market dynamics. ๐Ÿ”ธ Spot Bitcoin ETF Update For several months, there have been notable inflows into IBIT and FBTC ETFs, counterbalancing outflows from GBTC. However, a shift is occurring as GBTC starts to see significant net inflows instead of the previous outflows. This trend is encouraging for the market, as ETFs previously designed to compete with GBTC have not experienced long-term net outflows for years. The recovery of GBTC, which saw a net inflow of $31.6 million as of May 17, alongside inflows into BITB and ARKB, marks a positive turnaround. The transition to net inflows for GBTC signals a potential for substantialย futureย inflows into IBIT, possibly reaching hundreds of millions of dollars. This could pave the way for days with net inflows surpassing half a billion dollars, further boosting market confidence and investor sentiment. ๐Ÿ”ธ General Cryptocurrency Market Overview Bitcoin maintaining a price above $66,000 is a positive indicator for the market, supported by ETF inflows. Additionally, the April inflation figures, balancing macroeconomic pressures, have provided a supportive backdrop amid discussions of potential Fed rate hikes. Despite these positive signs, external factors like solar flares causing global internet and power outages could still impact the market. The upcoming week may see potential SEC rejection decisions concerning spot ETH ETFs and their scope. A broad targeting of tokens with staking aspects could complicate the market further. While the market has anticipated the rejection of two ETFs, more rejections or severe reactions could lead to further declines. $BTC #BTC #ETF
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๐ŸŽ TON Founder Pavel Durov Says Heโ€™ll Hold $7 Million Notcoin Gift Until 100x Notcoinย players were feeling generous ahead of Thursdayโ€™sย NOT token launch, as over half a million players of the viral Telegram-based clicker game donated a share of their in-game coins to Telegram founder Pavel Durov. Now that haul is worth millions of dollarsโ€”and Durov says heโ€™s holdingย for a potential 100x gain. More than 552,000 players of Notcoin donated a share of their in-game coins to Durovย back in February, part of an effort by the Notcoin teamโ€”called Open Buildersโ€”to thank the Telegram founder for the messaging app that houses the crypto game. Ultimately, Durov ended up withย over 1.03 billion NOT tokens, or just over 1% of the total Notcoin supply on The Open Network (TON). Thatโ€™s worth about $7.3 million as of this writing, but was a bit lower at $6.8 million when Durovย posted earlier Friday. Durov, whoโ€™s estimated to have a $15.5 billion fortune byย Forbes, hardly needs the cash. And heโ€™s not selling. But should the NOT token surge in value, he says heโ€™d sell them to ultimately better support Telegram. ๐ŸŽ 1,030,383,291.36 Notcoin ($6.8M USD) were sent as donation to Pavel Durov and Telegram. ๐Ÿ’ฌ Thanks for everything you guys built. โ€” Notcoin ร˜ May 17, 2024 โ€œHalf a million Notcoin users gifted me $6.8 million worth of Notcoin! Thank you,โ€ Durov wrote on Telegram. โ€œI will hold these coins until they turn to $680 million, at which point I will use them to buy more servers for Telegram.โ€ Notcoin is this yearโ€™sย biggest gaming token launch so far, debuting at a market cap of nearly $1.5 billion early Thursday. New cryptocurrencies are often volatile, and indeed, NOT has plunged in value since the debutโ€”dropping by 50% to a current price just above $0.007, according toย CoinMarketCap. Even so, NOT is the 101st most valuable cryptocurrency by market cap at $746 million, and racked up more than $1 billion worth of trading volume in its first 24 hours after launch. $NOT #TON #PavelDurov
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