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🩸 7th Day of Outflow from Bitcoin ETF!

The trend of outflow continues for the 7th consecutive day from Bitcoin ETFs, with no inflow reported since April 24th. The net outflow over the past 7 trading days amounts to a significant $1.23 billion, as indicated by SOSOValue data. This sustained outflow suggests ongoing investor sentiment and activity within the Bitcoin market.

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🫨 PeckShield: "Whale" Loses 1,155 #WBTC Due to Phishing Smart Contract

PeckShield has reported that a significant holder, dubbed "Whale," accidentally parted ways with 1,155 Wrapped Bitcoin (WBTC), valued at over $70,000,000. This loss occurred as a result of encountering a phishing smart contract.

Wrapped Bitcoin (WBTC) is an ERC-20 token pegged to Bitcoin (BTC) at a 1:1 ratio, essentially serving as a Bitcoin analogue on the Ethereum blockchain.

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💵 The Fed 's balance sheet shrank by 40 billion .$for one week!

▪️ Bowman, Chairman of the Fed:
- Additional Fed rate hikes may be required if we do not see progress in the fight against inflation.

▪️ S&P Global:
- We expect the Fed to start lowering the rate in December 2024.

▪️ OECD:
- Most likely, the Fed will begin to reduce the rate in the 3rd quarter of 2024.

📌 Market expectations (Fed rate) – after the publication of Nonfarm Payrolls:

- June 12: Pause.
- July 31: Pause.
- September 18th: decrease by 25 bp to 5.00-5.25%.
- November 7: Pause.
- December 18th: decrease by 25 bps to 4.75-5.00%.

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❗️ New Lawsuit Filed Against Coinbase

A new lawsuit has been filed against Coinbase, alleging that tokens such as #ALGO, #MANA, #MATIC, #NEAR, #UNI, #SOL, #XLM, and #XTZ are securities. The plaintiffs claim to have invested money in these tokens based on allegedly misleading statements made by the cryptocurrency exchange.

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⚡️ Upcoming Major Unlocks Next Week:

▫️ #MAVIA: 24.29% ($32.48 million)
▫️ #ATA: 9.15% ($9.06 million)
▫️ #DAO: 9.84% ($13.42 million)
▫️ #GMT: 4.54% ($20.03 million)
▫️ #CHEEL: 43.53% ($364.2 million)
▫️ #APT: 2.64% ($103.94 million)

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🐶 Dogecoin Now Accepted as Payment Method on Tesla Website

Tesla has officially included Dogecoin as a payment option on its website. Dogecoin is now accepted as payment for "certain products" (merchandise) on Tesla's website. This update reflects Tesla's continued embrace of cryptocurrency as a viable payment method.

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❌🇺🇸 US Justice Department Accuses Maximilien de Hoop Cartier of Money Laundering in USDT

The US Justice Department has leveled accusations against Maximilien de Hoop Cartier, the heir to the Cartier jewelry brand, of attempting to launder hundreds of millions of dollars in USDT. Cartier has been arrested amid allegations of collusion with a Colombian drug trafficking group.

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😳 Hightower Advisors Fund Purchases $68,000,000 Worth of Bitcoin ETF Shares! - SEC 13F

With assets under management totaling $130,000,000,000+, Hightower Advisors is an American financial planning and investment consulting firm headquartered in Chicago, Illinois. In 2023, Barron's ranked it 2nd on the list of the top 100 registered investment advisory firms.

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🏦 Revolut Announces Launch of Own Cryptocurrency Exchange! - Coindesk

Revolut, boasting over 40,000,000 clients worldwide, has revealed plans to debut its very own cryptocurrency exchange.

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🗽 Shares of BTC Wallet Manufacturer to Debut on New York Stock Exchange (NYSE) on May 9 - Decrypt

Exodus, the producer of BTC wallets, is set to list its shares on the New York Stock Exchange (NYSE) on May 9th under the ticker symbol "EXOD". Notably, Exodus will tokenize its shares on the Algorand blockchain.

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💸1,750,000 Bitcoin wallets have remained inactive for more than 10 years — they contain a total of 1,798,681 BTC worth $120 billion.

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🇺🇸 US Government Holds 216,811 BTC ($13.78 Billion) — Arkham

Arkham reports that the US government currently possesses 216,811 BTC, valued at $13.78 billion. Additionally, analysts discovered a wallet containing 3,940 BTC ($251 million) seized by US authorities in January.

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🇨🇴 Colombia's Largest Bank, Bancolombia, Launches Own Cryptocurrency Exchange and Stablecoin

Bancolombia, the largest Colombian bank, is set to unveil its own cryptocurrency exchange and stablecoin. Alongside the COPW stablecoin, pegged to the Colombian peso, the Wenia exchange will facilitate trading of BTC, ETH, USDC, and MATIC.

Bank representatives aim to rival leading Latin American exchanges like Binance and Bitso with this move.

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🎁 Giveaway of ☺️ 15 USDT ($14.99)

On May 12, 2024 at 02:00 (UTC), 🦋 Crypto Bot will randomly choose 3 winners who will share ☺️ 15 USDT and receive ☺️ 5 USDT ($4.99) each.

To take part in this giveaway, join Cryptoz and click the button below.
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💸Bitcoin Magazine CEO Collaborates with Donald Trump on Pro-Crypto Political Campaign

The CEO of Bitcoin Magazine announces collaboration with Donald Trump on a political campaign advocating for cryptocurrency in the US. They aim to raise $100 million for this initiative.

According to the CEO, Bitcoin is not a partisan issue; it transcends politics. However, they are mobilizing to protect their interests. The focus is not on supporting Trump specifically but on opposing Biden.

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❗️Lookonchain: Early Bitcoin Adopters Awaken

Wallets belonging to early Bitcoin enthusiasts are coming back to life. 1000 BTC, initially acquired or mined at $120 each, have been transferred to other addresses for the first time since 2013. This sum now amounts to $61,000,000.

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💸 #NOT About 5% of the total Notcoin offer will be distributed among 500,000 crypto exchange customers and community members. (twitter)

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⚡️ Calendar of key events for this week:

Monday, May 13th:
- Nothing important.

Tuesday, May 14th:
🇺🇸USA - PPI Inflation (Apr)
🔥USA - Speech by J.Powell's

Wednesday, May 15th:
🇭🇰Hong Kong - no bidding.
🔥USA - CPI Consumer Inflation (Apr)
🇺🇸USA - Retail Sales (Apr)

Thursday, May 16:
🇺🇸USA - Initial Jobless Claims
🇺🇸USA - Proc. activity from the Philadelphia Federal Reserve Bank (May)
🇺🇸USA - Fed Balance Sheet

Friday, May 17th:
EU - Consumer Inflation CPI (Apr)

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🇨🇳 Bitcoin Asia in Hong Kong Draws Strong Interest from Mainland China Despite Crypto Ban (SCMP)

Bitcoin Asia, which saw over 5,500 attendees, estimated half to be mainland Chinese. The surge in interest is attributed to the rise in bitcoin-related technologies amidst price surges this year. Hong Kong's supportive policies, including ETFs, have further fueled interest in the city.

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💸 PNC Financial Services Invests Over $10 Million in Bitcoin ETF — Form 13F

PNC Financial Services, ranked 8th among the largest banks in the United States with assets under management exceeding $325 billion, has invested more than $10 million in a Bitcoin ETF.

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🚀 M2 Money Supply Increases for the Federal Reserve, ECB, Bank of Japan, and People's Bank of China (MartyParty)

The M2 money supply for major central banks, including the Federal Reserve, European Central Bank (ECB), Bank of Japan, and People's Bank of China, has started to rise. Historical bullish trends following halvings were typically accompanied by a 6% or higher increase in the M2 of global central banks.

M2 refers to the total amount of cash and non-cash funds in circulation, playing a vital role in shaping the national economy.

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