🗳️ The voting in Arbitrum to release $71 million in frozen ETH related to the Kelp hack is set for a successful conclusion.

This Snapshot vote advances the recovery process to a mandatory proposal within Arbitrum governance.

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🔒 Zcash has announced the launch of quantum-recoverable wallets within the next month.

According to Zcash founder Zuko Wilcox, the project aims to become quantum-resistant by 2027, demonstrating its commitment to ensuring user privacy and security amid the rising threats posed by quantum computing.

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⚖️ In the world of cryptocurrency, several significant legal events occurred this week.

💰 U.S. authorities uncovered an additional $10 million linked to Sam Bankman-Fried, the former head of FTX.

👨‍⚖️ The former CEO of Celsius decided to change his legal team, which could impact his court cases.

🏦 A new law was passed in Washington that bans the use of crypto ATMs.

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📉 Trump Media announced a net loss of $405.9 million for the quarter, largely due to unrealized losses from investments in Bitcoin, purchased at the peak last summer, as well as Cronos tokens acquired through a deal with Crypto.com.

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📉 Ethereum continues to decline by 35% against Bitcoin over the past year. The current bearish structure resembles the dynamics of 2024-2025, which increases the risk of further ETH decrease by 40%.

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🇦🇺 The Australian government of Albanese plans to change the capital gains tax, which will affect crypto investors.

As part of the new budget, it is proposed to replace the 50% discount on capital gains tax for assets held for more than 12 months with a model that will tax the full real income adjusted for inflation.

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📉 During the market stress period of 2025-2026, Bitcoin outperformed Ethereum, XRP, BNB, and SOL.

Among the mentioned assets, SOL experienced the largest drop, falling by 71.6% from $238 to $67, but it also showed strong growth, recovering by 38% from its low.

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📈 Circle's stock has risen by 16%, reaching $131.76. This is the highest closing price since March 18. Cathie Wood and her Ark Invest are actively interested in the company's shares.

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📈 EToro reports strong quarterly results: the company's net profit increased by 37% to $82 million.

However, cryptocurrency trading volumes fell by 32% in April. This decline was partially offset by a rise in commodity trading.

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🚀 Analysts believe that Ethereum is poised for a strong movement after the price of ETH reached $2300.

📈 A new rise is anticipated, supported by the actions of JPMorgan and BlackRock in the realm of tokenized funds, as well as upcoming changes under the CLARITY Act.

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🐋 Whale wallets for XRP have reached all-time highs!

There is active accumulation of XRP among large investors, which raises the likelihood of XRP's price rising to the $2 level. Increased activity on the XRPL network and bullish technical indicators are contributing to this positive trend.

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📈 Strategy's STRC stocks recorded a record trading volume of $1.5 billion, driven by active trading before the dividend cutoff date.

💰 Within this volume, 11,707 bitcoins were purchased.

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⚖️ In Myanmar, the military government has proposed a bill to tighten penalties for cryptocurrency fraudsters.

According to the text of the bill aimed at combating online fraud, individuals convicted of "digital currency fraud" could face sentences ranging from ten years to life imprisonment, and in some cases, even the death penalty.

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💰 Spot Bitcoin ETFs lost $1 billion in just one week, marking the end of a six-week period during which they saw inflows of $3.4 billion.

Capital has started to shift towards stocks of companies related to artificial intelligence amidst macroeconomic uncertainty, negatively impacting investor sentiment.

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📉 Bitcoin has fallen below $78,000 for the first time since early May, but traders remain hopeful for a quick price recovery. Many believe this could be a "bear trap" and are anticipating subsequent growth.

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🇯🇵 Japanese financial market giants SBI, Rakuten, and Nomura are preparing to launch crypto investment trusts for retail investors.

The country's regulators plan to officially allow the creation of crypto funds by 2028, which has spurred brokers' interest in this segment.

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💰 Crypto funds faced a withdrawal of $1 billion in capital amid renewed tensions with Iran and rising inflation, triggering a risk-averse mood among investors.

👥 Institutional investors began pulling funds from Bitcoin and Ethereum-based products, while XRP and Solana funds continue to attract new investments.

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📊 CoinShares data shows that investors have begun reallocating their funds into XRP and Solana-based products, while Bitcoin and Ethereum faced significant weekly outflows, totaling nearly $1 billion.

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📉 XRP is facing a risk of a 50% drop despite a nine-day streak of inflows into the ETF.

Currently, spot XRP ETFs have recorded net inflows for nine days, which helps absorb selling pressure and potentially support a price recovery for XRP over time.

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🇩🇪 The German company AllUnity is planning to launch the SEKAU stablecoin, backed by the Swedish Krona, which is set to debut in June.

💼 This move is supported by investments from DWS and Galaxy and aims to develop regulated alternatives to dollar tokens in Europe.

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