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⚡️ Ethereum Solution ETF Coming Very Soon The cryptocurrency market froze in anticipation of a decision on the Ethereum ETF. SEC Commissioner Gary Gensler today declined to announce the SEC's decision and advised "stay tuned." 💬 “I don’t have anything on this particular document,” Gensler said before an Investment Company Institute event in Washington. 💬 SEC Chair Gary Gensler said to "stay tuned" when asked what the agency might do with spot ether ETF applications. The SEC faces a final deadline for a decision on at least one application today. 🔽 Meanwhile, Symbolic Capital Partner sold 6,968 ETH worth $27.4 million in a minute, causing the price of ETH to drop by 5%. Let's hope that the sales are not related to the upcoming decision and continue to closely monitor the news. $ETH #ETH #Ethereum #ETF

⚡️ Ethereum Solution ETF Coming Very Soon


The cryptocurrency market froze in anticipation of a decision on the Ethereum ETF. SEC Commissioner Gary Gensler today declined to announce the SEC's decision and advised "stay tuned."


💬 “I don’t have anything on this particular document,” Gensler said before an Investment Company Institute event in Washington.

💬 SEC Chair Gary Gensler said to "stay tuned" when asked what the agency might do with spot ether ETF applications. The SEC faces a final deadline for a decision on at least one application today.

🔽 Meanwhile, Symbolic Capital Partner sold 6,968 ETH worth $27.4 million in a minute, causing the price of ETH to drop by 5%. Let's hope that the sales are not related to the upcoming decision and continue to closely monitor the news.

$ETH #ETH #Ethereum #ETF

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🚀 Epic 441% Shibarium Surge Stuns SHIB Community This week, Shibarium, the blockchain network tied to the Shiba Inu token, showed incredible on-chain performance that may astound the SHIB community. Over the past week, daily transaction volume there has increased by an astounding 441%, from 2,990 at the beginning of the week to 13,191 today. The increase in Shibarium activity is likely due to the recent surge in attention to Shiba Inu tokens amid market perturbations. As a result, the demand for transactions has increased too, resulting in higher transaction fees. Over the course of the past day, for example, transaction fees paid in BONE increased by 176%. The surge is a positive sign for the SHIB community. More transactions means more SHIB tokens are burned, reducing the overall supply and potentially increasing the value of the remaining tokens. Shibarium operates through the use of BONE tokens as a gas fee. Each transaction on the network burns a portion of SHIB by converting a portion of the BONE fee and sending it to a dead wallet. Moreover, the number of active accounts on Shibarium increased from 798 to 836 during the same period. This indicates that current users are becoming more engaged with the network, driving its dynamic growth, even though the number of new accounts has declined slightly. The network's impressive performance this week highlights its growing importance and utility within the Shiba Inu community. This growth is a strong indicator of the network's potential and the confidence of users. $SHIB #SHIB #Shibarium
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📣 Ripple Announces Major CBDC Collaborations with 10 Nations ● Garlinghouse claims that these CBDCs will serve a purpose analogous to stablecoins. ● Ripple recently debuted its stablecoin, Real USD (RLUSD) in Amsterdam. The CEO of Ripple (XRP), Brad Garlinghouse, has announced a significant partnership with ten separate nations to create their CBDCs. The specifics of these collaborations are still under wraps, but they all have one goal: to use Ripple’s blockchain technology to make the world’s financial institutions safer and more efficient. The partnership between Ripple and other countries is a watershed moment in the movement to use blockchain technology for national digital currencies. Garlinghouse claims that these government CBDCs will serve a purpose analogous to stablecoins, whose purpose is to keep their value constant relative to more conventional currencies. 🔸 Major Trend Towards Digitization While not all partnerships are made public, this project points to a major trend towards digitization in the financial industry. Spurred by the need for safer and more efficient payment systems. Also, the use of Ripple is anticipated to improve efficiency in cross-border transactions, increase financial transparency, and simplify processes in these nations. Moreover, at the most recent XRP Ledger Community Summit in Amsterdam, Ripple debuted its stablecoin, Real USD (RLUSD), and now they are preparing to launch it. Also, this new stablecoin is designed to stabilize XRP Ledger transactions by directly tying to the US dollar. Users will be able to use RLUSD on more platforms with its availability on Ethereum and the XRP Ledger. By appealing to a wider audience, including blockchain enthusiasts and financial industry experts looking for reliable digital transaction choices. This launch is likely to boost Ripple’s market position. This decision is in line with Ripple’s larger strategy to drive innovation inside its network. And increase its impact and usefulness in the blockchain ecosystem as a whole. $XRP #XRP #Ripple
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Bitcoin Drops Sharply as Whales and Miners Sell Over $4 Billion: Future Prospects for BTC? ● Bitcoin plunged 9% as whales sold 50,000 BTC ($3.3B) and miners offloaded 1,200 BTC ($80M). ● Whales’ massive sell-off hints at a strategic reshuffling rather than mere profit-taking. ● Miners’ selloffs reflect strategic adjustments to reduced rewards. In a startling turn of events, Bitcoin (BTC) has sharply plummeted, sending shockwaves through the cryptocurrency market. As per the post below, Bitcoin whales have offloaded over 50,000 Bitcoin in the past ten days. This massive sell-off is approximately valued at $3.3 billion. 💬 On-chain data from santimentfeed reveals that #Bitcoin whales have sold over 50,000 BTC in the past 10 days, totaling approximately $3.30 billion! — Ali Simultaneously, Bitcoin miners, who are responsible for validating transactions and maintaining the blockchain network, have liquidated over 1,200 BTC. This adds another $80 million to the total sell-off amount, pushing the combined figure beyond the $4 billion mark.  🔸 Significant Price Dip Raises Concerns About Bitcoin’s Stability  The actions of both whales and miners have sparked a 9% price drop in Bitcoin’s value. This has raised concerns about the stability and future of the world’s leading cryptocurrency. The sell-off by whales is particularly noteworthy as it suggests a potential redistribution pattern rather than a mere profit-taking exercise. Their recent activity could have long-term implications for Bitcoin’s price trajectory. On the other hand, miners’ decision to sell their holdings is not entirely unexpected after the halving event reduced their rewards. This strategic move aligns with predictions made by industry experts who anticipated such actions in response to the halving event. $BTC #BTC
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🤯 Shiba Inu Investors Suffer Losses Shiba Inu, once dubbed the “Dogecoin killer,” has experienced significant price fluctuations recently. After initially achieving notable gains and becoming the second-largest meme coin, SHIB has seen a deep decline post-March despite its earlier high trading volumes. The coin’s volatile nature has now drawn significant attention to investor actions. 🔸 What Are Current Investor Trends? Recent drops in Shiba Inu’s price, largely influenced by Bitcoin‘s downturn, have pushed the meme coin to its lowest levels in several months. This decline has resulted in substantial losses for investors, who missed out on potential profits. The Global In/Out of the Money (GIOM) indicator revealed that approximately 66.75 trillion SHIB was bought at prices between $0.00002100 and $0.00002500. If the price had remained stable, the $1.38 billion supply could have yielded significant gains. 🔸 How Has the Market Impacted SHIB? Shiba Inu’s value dropped below the previously mentioned levels, trading around $0.00002071 at the time of reporting. Additionally, its RSI value fell to 40.58, highlighting a weakening buying pressure. Typically, an RSI below 50 indicates a shift from buying to selling pressure in the market. Key Investment Insights – Monitor SHIB’s RSI value to gauge market sentiment. – Observe the $0.00002093 support level for potential consolidation. – Be cautious of further declines if support is not regained. 🔸 What Can Investors Expect? Shiba Inu’s price has been fluctuating between $0.00002835 and $0.00002093. Although investors anticipated a breakout, SHIB is currently trading at $0.00002065. A failure to reclaim support soon could see prices drop further to $0.00001600 or even $0.00001473. However, if the coin manages to regain the $0.00002093 support level, it may start consolidating again, potentially offering new profit opportunities and alleviating bearish sentiments. $SHIB #SHIB #Shibainu
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