Crypto Insider | CRYPTOINS
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πŸ’° Bitcoin ETFs Recorded $154M Inflows, BTC Above $69k

According to the latest data coming from SoSoValue, Bitcoin ETFs recorded $154 million in net inflows on May 22. This was the eighth consecutive day in which the crypto products saw inflows.

The total net asset value of the Bitcoin ETFs was of $59,2 billion, according to the same data.

CryptoIn
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πŸ‡ΊπŸ‡Έ The U.S. House of Representatives approved a bill on the classification of crypto assets

After approval in Congress, FIT21 will be passed to the Senate for consideration. The date of the next round of voting on this initiative is unknown at the time of writing.

CryptoIn
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πŸ‘€ Bitcoin is looking more like the 2017 cycle every week

β–ͺ️Similar price action.
β–ͺ️Similar RSI.

Everything is lined up for bullish momentum to surge through the US presidential election and powered by ETF on-ramps.

CryptoIn
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⭐️ Mining Free Tokens from Oasis AI

✍️ Difficulty - Easy
πŸͺ™ Costs - No investments

ℹ️ Oasis AI is essentially an analog of Grass, creating a crossroads of decentralized computing and consumer AI. They claim to have raised $2.8M. Recently, they launched a public and, most importantly, rewarding beta and mining.

What needs to be done?
βœ… Download the extension
βœ… Register on the website
βœ… Enable the necessary functions in the browser through the extension
βœ… Mine tokens

The project is in its early stages, with no confirmed investments, and it’s unclear what data the extension uses, so it's better to install it on a secondary computer or even a server.
Pros: confirmed token, no investments required, very strong Twitter presence, and strong angel investors backing the project.


CryptoIn
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😏 BlackRock likes Ethereum

CryptoIn
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πŸ’° Taiko has suddenly announced that anyone can now check how many tokens they will receive in the upcoming drop, for which the project allocates 5% of the emission

Who will receive the drop:
⚫️Participants of the test network (including Galxe)
⚫️Taiko developers
⚫️GitHub contributors
⚫️Taiko node holders

Each action of a test network participant was evaluated in terms of points, and if they reached the required minimum, they would receive the drop. If they did little and did not reach the required minimum (how to check and how much exactly is needed is not specified), they would receive nothing. Perhaps the team means points on Galxe, and there have been previous announcements that tokens will be distributed to those with over 4500 points, but the actual minimum requirement is not yet known.


βœ… Check your drop here - https://claim.taiko.xyz/ (official)

βœ… You can also check it here - https://wenser.xyz/eligibility/taiko

The date for claiming the tokens is not yet set but will be announced soon.

CryptoIn
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Channel name was changed to Β«Crypto InsiderΒ»
🟧 MetaMask to Launch Its Own Token

Recently, CoinDesk conducted an interview with ConsenSys' chief lawyer, Bill Hughes, where the possibility of MetaMask issuing its own token was discussed in the context of recent SEC regulations.

When asked, "Will MetaMask issue its own token?", Bill Hughes responded that CEO Joseph Lubin firmly believes in the paradigm of decentralization. He emphasized that a large project like MetaMask should be community-governed rather than remaining owned by ConsenSys. He also mentioned that a token would be included in the decentralization mechanisms.

However, the timeline and specific details are still undetermined.

It's unclear whether MetaMask will issue its own token separately from Linea or if Linea will become an integral part of this process. We'll keep an eye on further developments.

CryptoIn
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❗️Twitter (X) project Base has been hacked. Do not click on any links.

CryptoIn
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⚑️ Crypto ETFs could see over $100 billion of inflows in the next two years

Analysts expect BTC to reach $90,000 by the end of 2024.

CryptoIn
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πŸͺ™ $JENNER could be one of the most intriguing bets on Solana right now

High risk, I'll be keeping an eye on it! Look at where $MAGA went.

https://x.com/Caitlyn_Jenner?t=XCMUynu3v-1g0yhi45kIGA&s=09

https://dexscreener.com/solana/Crr7JdT5LXT6jCRqwQNb2epF1SNtN3Jxpv3kgdirPatX

CryptoIn
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πŸ‘€ Comparing altcoin market capitalizations then and now β€” excluding the top-10 assets.

CryptoIn
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πŸ“Š Market Overview

Today, the market is already showing green, and positive news is coming in.

BTC $68,006
ETH $3,830

Fear Index: 72
Altseason Index: 43
Long/Short Ratio: 51/49
Bitcoin Dominance: 53.88%

πŸ“ˆ Top gainer: WIF +24.23%
πŸ“‰ Top loser: PENDLE -4.24%

Remember what I wrote yesterday morning? Whenever you hear similar FUD news, similar to yesterday's list, confidently buy. Once again, they are trying to bait you into shorting or preventing you from buying the dip.

CryptoIn
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BlackRock's spot Bitcoin ETF (IBIT) has become the largest in terms of the amount of held BTC, surpassing Grayscale's ETF (GBTC)

CryptoIn
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πŸ’ͺ DYOR β€” 4 most important letters in the crypto

CryptoIn
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🏠 A US court has ordered the SEC to pay $1.8 million for exceeding its authority

In August 2023, the SEC accused Debt Box of cryptocurrency fraud totaling over $50 million. The SEC sought to obtain a ban on the company's operations and the freezing of its assets.

CryptoIn
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πŸ™Œ BlackRock has invested over $4 million in its own spot Bitcoin ETF

Two BlackRock funds β€” BSIIX and MAWIX β€” have invested a total of $4.04 million in the company's spot Bitcoin ETF.

BSIIX acquired 88,000 shares of IBIT ($3.58 million), while MAWIX purchased 12,000 shares ($485,640).

CryptoIn
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🌊 Looking at the chart of Bitcoin (BTC) price and estimated leverage ratio, it is clear that recently the price has been stable at high levels, and the leverage ratio is also stable. This suggests that the market is avoiding extreme risks and engaging in balanced trading.

The leverage ratio hovering around the 2020 baseline further confirms the market’s stability. Based on this data, it can be said that the current Bitcoin market is like a calm sea, indicating a tranquil phase.

CryptoIn
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πŸ’² Circle, the issuer of the stablecoin USDC, announced its official launch in Brazil

Circle is partnering with leading regional businesses, including BTG Pactual and Nubank, to launch digital asset products and enable near-instant, low-cost and 24/7 access to USDC for their users.

CryptoIn
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πŸ‘€ The Spent Volume in Profit for LTHs, we can see that the cohort of BTC holders who have held for between 6 months and 2 years increased their divestment during the ATH rally. Clearly we can see what's happening on-chain data.

CryptoIn
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πŸ€·β€β™‚οΈ Starting from June 3rd, all users, except those withdrawing funds, will need to update their information (KYC) to access all wallet features

CryptoIn
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