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🇺🇸 ⚠️ The U.S. House of Representatives passes the "Financial Innovation and Technology Act of the 21st Century" (FIT21). Next - the Senate!

▫️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."

LE3DKMY6
@Сryptoz ₿

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🔥 #SOL Solana is the next contender to launch an ETF. (CNBC)

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)."

❗️ "BUT... the SEC made it clear: SOL is a security (in a lawsuit against Coinbase). This fact may complicate the emergence of ETFs on Solana."

51KW8PFP
@Сryptoz ₿

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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.

Y8AQBHBC
@Сryptoz ₿

🏆🏆🏆
🇺🇸 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

ZRKXUKKK
@Сryptoz ₿

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🎰 The SEC will approve spot Ethereum ETFs by the end of May – 70% of people on Polymarket put their money on this outcome. (previously - 10%)

▫️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."

📌 The SEC 's decision on the Ethereum ETF is expected today

9MSQ9354
@Сryptoz ₿

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🔥 ✔ Bloomberg confirms approval of Ethereum ETF but has not yet seen the document on the SEC website - citing a highly reliable source (PhoenixTrades)

✔ Eric Balchunas - confirms it!

WXFWF5DC
@Сryptoz ₿

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❗️ The crypto community has overwhelmed the SEC website, but there is a PDF from Coindesk representatives - the document.

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.

ZY4MQU1N
@Сryptoz ₿

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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.

RZ3BX5AC
@Сryptoz ₿

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🎥 #ETH The first advertisement for the Ethereum ETF (by VanEck)

XCJKP61O
@Сryptoz ₿

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🤯 The Telegram channel for the game Hamster Kombat is now ranked 1st in the Global rating (TgStat).

▪️ 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

R80AXWCO
@Сryptoz ₿

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🤔 #SOL Anthony Scaramucci has already "started preparing" for the launch of the Solana ETF. (original)

6GBTSAVW
@Сryptoz ₿

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🐙 #LINK Mind Network and Chainlink have launched the testnet interface with fully homomorphic encryption (FHE) technology - announcement

QWHROGDB
@Сryptoz ₿

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🐋 #TON CryptoQuant notes the growing whale activity in TON. (the number of transactions exceeding $1,000,000 has increased dramatically)

D6432Z8Z
@Сryptoz ₿

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🤔 Donald Trump: "I am very positive and open-minded about crypto companies and EVERYTHING related to this new and rapidly developing industry."

"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!"

24479VIN
@Сryptoz ₿

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✔️ Michael Saylor on ETH-ETF: Boost for Bitcoin

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.

PZ68332F
@Сryptoz ₿

🏆🏆🏆
⚡️ 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

X3FZF6HH
@Сryptoz ₿

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🔮 The founder of DeFiance Capital predicts ETH for $4,500 before listing spot Ethereum ETFs. (twitter)

WuBlockchain subscribers on Chinese Twitter are confident that Ethereum can grow to $10,000 in this cycle.

56H6MPGN
@Сryptoz ₿

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🇦🇷 Argentina plans to recognize Bitcoin as a legal tender. (original)

Argentina is considering cooperation with El Salvador – regulators are discussing the issue of introducing BTC into the financial system and developing a regulatory framework for digital assets.

Q1N8I071
@Сryptoz ₿