🚀Sen. Ron Wyden, chairman of the Senate Finance Committee, is optimistic about the future of crypto regulation! Speaking at Consensus 2024, he applauded the House's FIT21 bill, which aims to establish a digital assets market structure.👏

However, he's not so keen on the SEC's crypto accounting standard, SAB 121, calling for a "different standard" for digital asset custody.🤔

Despite the uncertainty, Wyden remains positive, saying the momentum for crypto regulation will continue into next year. He also expressed support for stablecoins and blockchain innovations, such as portable medical records.👍

What do you think about Wyden's views? Is the FIT21 bill the right move for crypto? And what about the SEC's SAB 121? Let's discuss in the comments!💬 #CryptoNews #Blockchain #FIT21 #SAB121

🔥Hot off the press! DMM Bitcoin, a Japanese crypto exchange, got hit by a hack, losing a whopping 4,502.9 BTC ($305 million)! 😱 But don't panic, they've assured to cover the full amount stolen.

Spot buys are on hold for now, and yen withdrawals might take longer than usual. This marks the second-largest loss in the region after Coincheck's 58 billion yen hack in 2018.

What's your take on this? How can exchanges better secure assets? Let's discuss! #CryptoNews #DMMBitcoin #CryptoHack

🔥Hot off the press! Bitcoin miner Bitdeer (BTDR) has secured a whopping $100M from a private placement, with potential to hit $150M if fully exercised. 🚀

Bitdeer plans to use this cash injection to fund its data center expansion and ASIC-based mining rig development. The news sent Bitdeer's shares soaring over 4% in pre-market trading. 💰

Meanwhile, Tether, the world's largest stablecoin developer, is getting its hands dirty in the bitcoin mining business. It's agreed to purchase up to $150M worth of shares in Bitdeer. Tether's new unit is now laser-focused on investing in bitcoin mining. 🪙

What are your thoughts on Tether's move into bitcoin mining? And how will Bitdeer's expansion impact the crypto mining landscape? Let's discuss below! 👇 #CryptoNews #Bitdeer #Tether

🚀Crypto market remains steady as traders await U.S. inflation data! Bitcoin's at $68,100, a 0.4% increase in 24 hours, while the broader digital market shows less than 1% changes.📈

🎭In meme coin news, TRUMP coin took a 35% dive after Trump's guilty verdict, but rallied 50% to nearly $17. Biden-inspired Jeo Boden coin soared 20%. On Polymarket, Trump leads with 56% odds of winning the November election.🗳️

🔮Ripple CEO Brad Garlinghouse predicts more ETFs in the U.S. following a possible approval of a spot ether ETF. He sees an "inevitable" ETF tracking Ripple's XRP and products for SOL and ADA, despite regulatory speed bumps.📊

📉Binance's SHIB futures hit the $100 million mark in notional open interest, historically a contrary indicator for price pullbacks.🐕

What are your crypto predictions for the week? Let's discuss!👇 #CryptoNews #Bitcoin #Ripple #ETFs #MemeCoins

🚀Celebs are jumping on the crypto bandwagon! Caitlyn Jenner, Iggy Azalea, Trippie Redd, and Davido have all launched tokens using the Pump Fun app on Solana. Early buyers are making a killing, but not everyone's thrilled. Critics say it's a "net negative" for the industry. What's your take?👇

💰Some early traders have netted six-figure profits. For example, Davido's $DAVIDO token made early buyers nearly $470,000 worth of Solana's SOL tokens in just 11 hours. But, not all is rosy. Prices of some tokens dropped more than 99% after their online promotion.

🔍Critics argue that these celebs are just looking for a quick cash grab. They launch a token, allocate a portion of the supply to themselves, and then dump it on unsuspecting followers. Is this fair play or foul play? Let's discuss!👇

👩‍💻Despite the controversy, some meme coin developers argue that creating successful tokens takes time and effort. They suggest celebs could add value to their tokens by launching social tokens around their brand and products. Do you agree? Let's hear your thoughts!

🔥Hot off the press from Consensus 2024! Galaxy Digital CEO, Mike Novogratz, is shaking up the political landscape, advocating for crypto as a bipartisan issue.👏

Novogratz, a self-proclaimed “radical centrist”, has been lobbying in D.C., trying to bridge the political divide over crypto. He notes a recent shift in Democrats' stance on crypto, thanks to industry lobbying and endorsements from high-profile figures like former President Trump.🏛️💼

Recent legislative and regulatory advancements, including the House and Senate vote to repeal SAB121, the House passing a crypto bill, and major progress for ETH ETFs, have been happening at lightning speed.⚡️📜

Novogratz also highlights the role of crypto-focused Super PACs and high-profile figures like Coinbase founder Brian Armstrong in pushing for reforms.💪💰

What's next? Novogratz predicts a stampede of traditional finance firms entering the crypto space and the potential for crypto to exert pressure to change unfavorable rules.🚀💼

What do you think about Novogratz's views? Let's discuss in the comments!👇🗨️

🚀🔗 "Crypto is a commitment to freedom and transparency," says Robert F. Kennedy Jr. at Consensus 2024. Despite running against Trump, he applauds the former president's recent pro-crypto stance. Kennedy, an independent candidate, is all in for blockchain, vowing to regulate crypto to protect consumers from deceptive schemes.

He believes Trump's guilty verdict could boost his election prospects among the American public. His team's research shows he'd beat either Trump or Biden in a head-to-head contest. But if he dropped out, more than half of his supporters would vote for Trump.

Kennedy's pro-crypto stance delighted the crypto enthusiasts at the event. He emphasized, "Transactional freedom is as important as freedom of expression."

What are your thoughts on Kennedy's pro-crypto stance? Will this impact the election? Let's discuss! #Crypto #Election2024

🚀Ripple's CEO, Brad Garlinghouse, predicts the inevitable approval of XRP, Solana, and Cardano ETFs, despite significant regulatory hurdles. He criticizes the SEC's unclear crypto regulations, highlighting the need for better regulatory clarity in the U.S.

🔮Garlinghouse believes it's just a matter of time before we see XRP, Solana, and Cardano ETFs. He acknowledges there will be a significant regulatory approval process, but sees these as mere "speed bumps."

😤Garlinghouse also expresses frustration over perceived lack of regulatory clarity from Washington. He points out that SEC Chair Gary Gensler won't clarify whether ether is a security, yet insists that the rules are very clear and don't need updating.

🌍Garlinghouse notes that 75% of Ripple's hiring last year was outside the U.S., reflecting Ripple's focus on regulatory clarity and customer locations. He believes getting the regulatory posture right in the U.S. is critical.

What are your thoughts on Garlinghouse's predictions? Do you agree with his views on regulatory clarity? Let's discuss! #CryptoNews #XRP #Solana #Cardano

🔥Hot off the press! Robert F. Kennedy Jr. shared his thoughts on crypto at Consensus 2024! He's all for transactional freedom and sees crypto as a commitment to freedom and transparency. 🙌

He's not getting into the Trump-Biden drama, but he's glad Trump's pro-crypto and hopes Biden follows suit. His goal? Make crypto a transactional currency, not just a capital gain. He's even bought 21 bitcoins since his campaign started! 💰

His run for presidency was inspired by the government's response to Covid and the attack on constitutional rights. He believes he can show people what America's supposed to look like.

What are your thoughts on his views? Let's discuss below! 🚀 #CryptoNews #RFKJr #Consensus2024

🚀📉 TRUMP meme coin takes a 35% nosedive following the guilty verdict of former U.S. President Donald Trump on all 34 counts. Meanwhile, Jeo Boden, a meme coin inspired by President Joe Biden, enjoys a 20% surge.

Despite the legal woes, traders on Polymarket, the blockchain-powered prediction market, still back Trump to defeat Biden in the November election with a 56% odds of winning.

What's your take on this? Will the verdict impact the crypto market in the long run? Let's discuss! #CryptoNews #Blockchain #TRUMP #JeoBoden

🚀Major political shifts are happening in the U.S. over crypto! While the Biden administration has been notoriously tough on the industry, recent weeks have seen a change in tune.🎵

The House and Senate's bipartisan vote to repeal the SEC's accounting bulletin (SAB121) and the administration's outreach to crypto firms hint at a brighter future for the domestic crypto industry.🌞

However, some industry insiders remain skeptical. A crypto lawyer at a DeFi startup doubts Biden's change of heart is genuine and expects a return to the previous course if reelected.🤔

Meanwhile, Messari founder Ryan Selkis and Uniswap Labs chief lawyer Marvin Ammori debate the recent political shifts. Selkis sees the Democrats' crypto softening as a response to Trump's capture of the "single issue" crypto vote, while Ammori argues it's the result of real bipartisan collaboration and successful crypto lobbying.🎙️

What do you think? Is this a genuine shift or just political maneuvering? Let's discuss in the comments!👇 #CryptoPolitics

🔥Hot off the press! U.S. Senators Elizabeth Warren and Bill Cassidy are pushing for updates on the Biden administration's efforts to curb the use of cryptocurrencies in fentanyl trafficking. They argue that crypto has played a significant role in the global fentanyl trade, aiding in manufacturing, trafficking, and money laundering.

The U.S. Treasury Department and federal law enforcement agencies are already on the hunt for networks and individuals involved in the trafficking of fentanyl precursor chemicals.

👀Meanwhile, Warren, who faces election this year, suggested last year the need for laws to shut down the use of digital assets in the global drug trade. Coincidentally, her latest letter was announced just hours before the appearance of John Deaton, a crypto-supporting Republican aiming to unseat her, at CoinDesk's Consensus 2024 event.

What's your take on this? Should crypto be regulated more strictly to prevent illicit activities? Let's discuss!💬 #CryptoNews #Blockchain #FentanylTrafficking

🚀Aptos, a Layer-1 blockchain, is integrating Chainlink's Cross-Chain Interoperability Protocol and data feeds, making it the first Move-based blockchain to do so! This is part of their move to join Chainlink's SCALE program, aiming to boost dApp development on Aptos.

🔗Chainlink, a key player in connecting independent blockchains, has been instrumental in bridging the gap between different networks and the outside world. Remember its role in the SWIFT partnership?

🔧Aptos, founded by ex-Facebook folks, focuses on low-cost transactions and high throughput. This integration will empower developers with more access to Chainlink services, expanding their toolkit for building secure, scalable dApps.

What do you think this means for the future of dApp development? Let's chat! #BlockchainNews #AptosChainlinkIntegration

🚀Blockchain regulation is a hot topic, but we're often missing the point. Tokens are dynamic, not static like stocks or fiat currency. They can represent value, incentivize contributions, pay for goods or services, and more. This makes them tricky to regulate.🤔

Tokens can move transactions along a chain, incentivize blockchain management, represent value, or even represent a product. They can be used for payment, represent partial value, represent rewards, voting rights, or speculative market value.

The current regulatory structure assumes a static nature, but tokens are anything but. They can change functions and value, making it hard to apply traditional regulatory systems.

What do you think? How should we approach regulating these dynamic tokens? Let's discuss!👇 #Blockchain #CryptoRegulation

Remember, this is a new frontier. We're exploring uncharted territory. Let's embrace the challenge and shape the future of blockchain together. 🌐💪

🚀Hey #CryptoTwitter! It's FA day at Consensus, come say hi!👋 Last week, the U.S. House voted for a new crypto bill & the SEC moved spot ether ETF listings forward. Big moves!💥

In our newsletter, Benjamin Dean from Wisdom Tree talks about Bitcoin's evolution, its performance as an asset & integration into traditional finance.📈

Kevin Tam from Raymond James gives an overview of the SEC 13F filings & what they reveal about institutional investments in Bitcoin ETFs.🔍

Interesting findings: Bitcoin outperformed large-cap & small-cap equities, treasury, investment-grade, & high-yield bonds, as well as gold, REITS, or infrastructure, in 9 out of the last 12 years.🥇

Cryptocurrencies represent almost 1.2% of the total market cap of liquid assets ($197 trillion). This market is now similar in size to high-yield bonds, inflation-linked bonds, or emerging markets small caps.🌐

With their growth potential, diversification credentials & ease of investment through regulated vehicles, it's hard for investors to ignore digital assets. With a 1-2% investment, investors take a neutral stance on the space, ready to benefit from potential upside & manage risk.🎯

2024 saw the launch of many global Bitcoin & other digital asset ETFs. Spot Bitcoin ETFs in the U.S. have seen some of the largest inflows of any ETF launch in history. Spot ether products are likely next.🔮

What are your thoughts on the integration of digital assets into traditional finance? Let's discuss!👇 #CryptoForAdvisors #Consensus2022

🚀 Big news in the #blockchain world! Terraform Labs and co-founder Do Kwon have reached a preliminary settlement with the SEC over a fraud case. This comes after a civil fraud trial that could have seen Kwon and Terraform Labs slapped with a whopping $5.3 billion penalty - the SEC's largest ever for a crypto project!

👨‍⚖️ The settlement was announced in a recent court filing, with all parties present. The details are still under wraps, but we're eagerly awaiting the final verdict.

🌍 Meanwhile, Kwon is out on bail in Montenegro, facing extradition to the U.S. or South Korea. He's also up against criminal charges in both countries.

💥 This all follows the collapse of Kwon's Terra ecosystem in May 2022, which sent shockwaves through the industry.

What do you think this means for the future of #crypto regulation? Share your thoughts below! 👇 #CryptoNews #BlockchainNews

🚀NY's top financial regulator is setting the bar high for crypto service providers! They now require complaint resolution mechanisms to ensure customer service requests are resolved in a timely and fair manner.🕐

This move reflects the "expectations" for crypto companies to maintain policy records, including a quarterly analysis of requests and complaints. Plus, they must provide customers with both a phone and electronic text mechanism to submit requests and complaints.📞💻

The NYDFS Superintendent, Adrienne A. Harris, believes consumers have a right to a transparent and timely process for resolving complaints. This guidance aims to create a positive customer experience, which benefits both consumers and businesses.👥💼

This policy adoption came after in-depth research and meetings with key stakeholders. Crypto companies must be regulated by the NYDFS to do business in NY. So far, the NYDFS has levied over $177 million in penalties against crypto companies that did not comply with the law.💰🏛️

What are your thoughts on this? Will it improve customer service in the crypto industry? Let's discuss!👇 #cryptonews #blockchain #NYDFS

🔥Hot off the press! JPMorgan predicts a lower demand for spot ether ETFs compared to their bitcoin counterparts. Why? Bitcoin's first mover advantage, baby! 🚀

The bank expects ether ETFs to attract up to $3 billion in net inflows this year. If staking is allowed, we could see a whopping $6 billion! 💰

But wait, there's more! Ether ETFs are on the brink of becoming available in the U.S. after SEC approved key regulatory filings last week. However, they're not yet cleared to trade.

Meanwhile, Bitcoin ETFs have been trading since January. The bank also noted that the Bitcoin reward halving in April was an additional demand catalyst for spot Bitcoin ETFs.

However, Ether's lack of staking for approved spot ETFs and its role as an application token could make it less appealing to institutional investors.

What's your take on this? Do you think Ether ETFs can catch up with Bitcoin? Let's discuss! 🗨️ #CryptoNews #Ether #Bitcoin

🔥Hot off the press! A report by Immunefi reveals a whopping $473M in crypto lost to hacks & rug pulls across 108 incidents in 2024!🔒

In May, $52M was swiped, with Gala Games & SonneFinance bearing the brunt of the losses. Despite this, it's a 12% decrease from May 2023. Progress, right?📉

DeFi remains the hackers' playground, while centralized finance companies had a breather with zero attacks in 2024.

Last year, over $2B was lost to hacks, half of 2022's losses. The notorious Lazarus group from North Korea alone is responsible for $3B in crypto losses over 6 years.😱

Ethereum took the biggest hit with 43% of total losses. BNB Chain followed with 19%.

What's your take on these figures? How can we better secure our digital assets? Let's discuss!👇 #CryptoSecurity #DeFi #Blockchain

🚀 Ether's put-call open interest ratio is soaring, signaling a bullish outlook! The ratio hit 0.61 on Deribit, the highest in a year, according to Glassnode. 📈

Even though Ether's price rally has paused, the options market remains optimistic. The token's price has retreated to $3,730 from Monday's two-month high of $3,973. But hey, don't forget last week's excitement when the U.S. SEC moved closer to approving spot ether ETFs. 🎉

What's the put-call ratio? It's a measure of active bearish contracts vs bullish ones. A rise in the ratio suggests bullish bias, says Wintermute. But remember, interpretations can vary. 🧐

Options are a handy tool for savvy traders to hedge positions and earn extra yield. An increase in active put options could mean traders are protecting their holdings from a sudden price drop. Or, they could be selling put options to earn more income. 💰

Positive call-put skews across time frames support the bullish interpretation. But beware of a continued rise in the ratio. A very high ratio (>1) might indicate extreme bullishness, hinting at an impending market top. Likewise, readings below 0.20 suggest extreme bearishness. 🐻

What's your take on this? Are we in for a bull run or a bear trap? Let's discuss! #ETH #CryptoMarketAnalysis