🤔 CryptoQuant - another early Bitcoin miner from 2010 "woke up" again - he transferred 2,000 BTC ($139,000,000) to an unknown wallet.
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▫️Gary Gensler of the SEC failed to influence his colleagues (Democrats).
▫️71 Democrats voted for the bill, including former House Speaker Nancy Pelosi of California.
▫️ FIT21 will provide more authority to the CFTC.
▫️The main provisions of the law will allow trading cryptocurrency on exchanges, even if it was "originally sold as part of an investment contract."
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🐃 10x Research: 90% probability – The SEC will approve spot Ethereum ETFs today.
Markets are waiting for a "signal" from Gary Gensler with warnings for crypto investors.
Before the "green light" for Bitcoin ETFs, the head of the SEC began publishing reports on the risks of investing in cryptocurrency.
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Markets are waiting for a "signal" from Gary Gensler with warnings for crypto investors.
Before the "green light" for Bitcoin ETFs, the head of the SEC began publishing reports on the risks of investing in cryptocurrency.
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James Seyffart: "This may happen within a few years after the emergence of the futures market regulated by the CFTC. Bills (like FIT21) can speed up the process. I think the Solana ETF will be in the greatest demand compared to other digital assets (except BTC and ETH)."
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🇺🇸 Fed Survey: 18,000,000 Americans invested in cryptocurrency last year (7% of the adult population).
▫️The majority of American crypto investors belong to the millennial generation (30 - 44 years old), followed by Generation Z (18 - 29 years old).
▫️In 2023, 1% of the adult population used cryptocurrency to pay for services/goods or transfer money.
The number of respondents to the Fed survey = 11488 people (the sample was simply compared with the number of adults = 258 million people)
From the Coinbase survey, 52,000,000 Americans own cryptocurrency.
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🇺🇸 US macro data:
▪️ Index of business activity in the manufacturing sector (PMI) (May)
FACT: 50.9
FORECAST: 50.0
PREV.: 50.0
▪️ S&P Global Composite Business Activity Index (PMI) (May)
FACT: 54.4
FORECAST: 51.1
PREV.: 51.3
▪️ Business Activity Index (PMI) in the service sector (May)
FACT: 54.8
FORECAST: 51.2
PREV.: 51.3
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▫️OKX predicts capital inflows into spot Ethereum ETFs from institutions next week = $500,000,000. (if the SEC approves the ETF)
▫️Samson Mow: "Spot Ethereum ETFs will be much worse in terms of profitability than Bitcoin ETFs. It is enough to compare the demand in other markets where both assets are traded + the US regulator will not allow staking. You have one last chance to sell ETH for more than 0.05 BTC."
▫️Arthur Hayes: "Most likely, the SEC will approve spot Ethereum ETFs. The US authorities want to centralize the storage of cryptocurrencies (like any other asset) — they need ETFs for everything that plebs want to buy."
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❌ #ETH SEC has postponed the decision to launch a spot Ethereum ETF!
(details later)
❗️Bloomberghas not yet confirmed!
@Сryptoz ₿
(details later)
❗️Bloomberghas not yet confirmed!
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Cryptoz
❗️🇺🇸 #ETH Spot Ethereum ETF approved by the SEC! (document later - reliable source) @Сryptoz ₿
✔ Eric Balchunas - confirms it!
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Form 19b-4 has been approved for all 9 issuers on the list.
Next, Form S-1 approval is required before the ETFs can be publicly traded on the stock market.
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❗️ Bloomberg - "The approval process for Form S-1 can take months (up to 5 months)... but Eric and I believe it will be expedited."
❕ Eric Balchunas - It's quite possible that Form S-1 will be approved (and Ethereum ETF trading will start) by mid-June. However, this is just speculation.
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▪️ The bot has recorded 21,000,000 active players (tw).
▪️ A promotion has been announced, offering an immediate reward of 5,000,000 coins!
(Which cards to upgrade are shown in the screenshot)
During the daytime, the online player count reaches millions, so the app may lag.
It's enough to log into the game once every 3 hours; keeping the phone on continuously is not required. Tapping the screen is optional!
Start playing
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🤔 #SOL Anthony Scaramucci has already "started preparing" for the launch of the Solana ETF. (original)
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🐙 #LINK Mind Network and Chainlink have launched the testnet interface with fully homomorphic encryption (FHE) technology - announcement
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🐋 #TON CryptoQuant notes the growing whale activity in TON. (the number of transactions exceeding $1,000,000 has increased dramatically)
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"Our country should be a leader in this field. There can be no second place!"
«...But the corrupt Joe Biden, the worst president in the history of the United States, wants it (the crypto industry) to die slowly and painfully. This will never happen to me!"
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Michael Saylor believes the introduction of spot Ethereum ETFs will act as a line of protection for Bitcoin.
🗨 "The launch of spot Ethereum ETFs will accelerate institutional adoption," he says.
Saylor also asserts that Bitcoin will continue to lead in terms of fund inflows among other crypto ETFs.
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⚡️ Calendar of key events for this week:
Monday May 27th:
🇺🇸USA - no bidding - Memorial Day
🇬🇧Britain - no bidding - Bank Holiday
Tuesday, May 28th:
- Nothing important.
Wednesday May 29th:
🇺🇸USA - The Fed's Beige Book - 21:00
Thursday, May 30:
🇺🇸USA - GDP (Q1 2024) - 15:30
(2nd reading)
🇺🇸USA - Initial Jobless Claims - 15:30
🇺🇸USA - Fed Balance Sheet - 23:30
Friday, May 31st:
🇨🇳PRC - Manufacturing/Services/Composite PMI (May) - 04:30
🇪🇺Eurozone - Consumer CPI inflation (May) - 12:00
🇺🇸USA - PCE Price index (Apr) - 15:30
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WuBlockchain subscribers on Chinese Twitter are confident that Ethereum can grow to $10,000 in this cycle.
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