💵 Commission fees within the Ethereum network have reached their lowest points since January 2020

To illustrate, ➡️ sending USDT or any ERC20 token now only incurs about $1 for users, while trading on Uniswap can be as inexpensive as $3.

✔️ The decline in fees commenced following the Dencun hard fork, with one of its key features being the adoption of EIP-4844. This update introduced the Proto-Danksharding option, aimed at scalability through the creation of a new transaction type for handling large binary data arrays (BLOB).

Bitcoin Magazine partnered with Trump to craft a cryptocurrency regulatory proposal

👀 According to David Bailey, CEO of Bitcoin Magazine, the publication has been collaborating with Donald Trump's campaign team for the past month to draft a framework for cryptocurrency regulation.

📝 The magazine suggested that Trump issue a comprehensive executive order on his first day in office.

💰 Additionally, the project team aims to raise $100 million for Trump's reelection campaign.

😁 During a recent gathering with his supporters, Trump urged all cryptocurrency enthusiasts to support him, trolling a jab at Biden's age in the process.

Brad Garlinghouse suggests that the US government is targeting Tether

🤵 Brad Garlinghouse, the CEO of Ripple, recently hinted that Tether, the issuer of USDT, might be the next focus of regulatory scrutiny by the US government. Garlinghouse emphasizes Tether's significant role within the cryptocurrency market system but expresses uncertainty regarding the potential repercussions on the market.

🗒 Several months ago, government agency reports suggested that Tether (USDT) was utilized as a payment method by terrorist organizations, for illicit financing, and money laundering. Tether's executives responded to these allegations by affirming that USDT had never been involved in large-scale illegal activities and that any minor instances of misuse had been promptly addressed.

Network activity in BTC has reached a minimum 👀

After the halving, there was fear and indecision, which is positive for the market 📈

Currently, activity has dropped to 2019 levels.

The CEO of Ripple spreads FUD about USDT as his company prepares to launch its own stablecoin - CEO Tether

🗣 Paolo Ardoino responded to the rumors spread by Brad Garlinghouse. He stated that Tether complies with regulatory requirements in jurisdictions worldwide:

▪️Tether operates on OFAC/SDN lists.

▪️A highly qualified team analyzes transactions. Cooperation with Chainalysis allows more effectively identify wallets associated with illegal activities and sanctions evasion.

▪️Tether has collaborated with 124 law enforcement agencies in over 40 countries since its creation,

▪️Tether has frozen wallets with $1,300,000,000+ for all time.

▪️Tether voluntarily responded to 198 law enforcement requests to freeze wallets (90 requests from the US government in the past 12 months.

▪️Tether has frozen over $639,000,000 at addresses in collaboration with the US government,

▪️Tether directly collaborates with law enforcement agencies, while other stablecoin issuers require a court order to freeze addresses.

Biden faces increasing criticism from the cryptocurrency community

👀 Hayden Adams, the founder of the largest DEX Uniswap, believes that Joe Biden may lose future US presidential elections due to his administration's dismissive attitude towards the cryptocurrency market.

➡️ According to the entrepreneur, the "total war" being waged by the SEC and Senator Elizabeth Warren against the industry is a significant misstep by Biden's team, "both in terms of voters and money."

Mark Cuban has also joined the critics of Biden's cryptocurrency policy.

💰The entrepreneur's tweet came in response to an article in Politico. The article discusses how Biden's competitor, Donald Trump, became the first presidential candidate to openly try to attract cryptocurrency users.

🍸 At an event promoting his own NFT collection,Trump announced the acceptance of donations in digital assets. He promised to protect the industry if elected and emphasized that the current president "doesn't even know" what cryptocurrency is.

Inflow crypto funds has returned after four weeks of outflows.

💰 The influx into cryptocurrency investment products from May 4th to May 10th amounted to $130 million, according to calculations by CoinShares.

💲The trading volume of ETPs (Exchange-Traded Products) decreased from an average of $17 billion in April to $8 billion.

⬇️ The share of ETPs in the total turnover of digital assets on trusted exchanges decreased from 31% to 22%.

👀 Clients directed $144 million into bitcoin-related instruments, compared to an outflow of $251 million in the previous reporting period.

El Salvador has launched a website confirming the country's bitcoin reserves.

As of today, 🇸🇻 El Salvador holds 5748 BTC worth $360 million.

👍 The country is purchasing one bitcoin per day.

Crypto exchange Rain was hacked for $14.8 million.

👀 Analyst ZachXBT reported that the crypto exchange Rain was likely hacked for $14.8 million.

🙀 The exploit occurred on April 29, 2024. Suspicious outflows of BTC, ETH, SOL, and XRP were discovered on the exchange's wallets. All withdrawn funds were converted into BTC and ETH.

Rain is popular in the 🏜Middle Eastern market.

✋ Hello folks! It's time for our daily giveaway for our most loyal followers! You can see the results of last giveaway on the Daily Drops channel.

Here's what to do:

1️⃣React to this message with 👾 emoji

2️⃣Share this message with a friend

3️⃣Fill out the Google form.

4️⃣To be subscribed to Daily Drops channel, where the results will be posted

💰The prize pool of $50 will be distributed as follows:

◾️1st place - $20 USDT
◾️2nd place - $10 USDT
◾️3rd place - $8 USDT
◾️4th place - $4 USDT
◾️5th place - $4 USDT

👆All payments will be made in $TON at the current exchange rate at the time of the giveaway. Five winners will be randomly selected using a randomizer.

❗️ You need to provide a TON-wallet address to which we will transfer the funds you win. If the address is incorrect, we will simply choose the next participant on the list. Do not provide exchange wallets because without a tag your funds will simply be lost.

✔️ The form can be filled out within four hours after this post is published, and the result of the draw will be announced after the results have been processed and published on the Daily Drops channel.

OKX has launched in Australia.

OKX has launched its exchange in 🇦🇺 Australia.

💲 Spot trading services will be available to all Australian users, while derivatives trading will be available only to professional investors.

The company opened an office in 🏙 Sydney last year.

Coinbase experienced a technical failure.

🤷 Coinbase temporarily went offline due to a serious system failure.

The exchange reported that it is investigating the issue and working on a solution. 🧐

$230,000,000 USDT on TON

🙀 The issuance of the $USDT stablecoin on the TON network has exceeded 230 million tokens in less than a month after launch. Thus, the integration of Tether into TON has become the most successful in the issuer's history.

⬆️ Meanwhile, $TON yesterday surpassed the $7.4 mark per coin amid reports of the launch of $NOT farming on OKX, Binance, and Bybit.

Tether froze ~5.2 million $USDT on 12 addresses.

Maybe North Korean hackers launder the stolen money? 😁 🧐

Vitalik Buterin has proposed a new type of gas for transactions.

📝 Ethereum co-founder Vitalik Buterin has released EIP-7706, which introduces a new type of gas for certain transactions.

👀 The main vectors utilized are the max_basefee and Priority_fee functions. They calculate the gas cost for execution, calldata, and BLOB operations.

👌 To adopt these changes, amendments to EIP-1559 are necessary to utilize the same calculation mechanism for all three types of transactions.

🕐 Buterin has previously discussed a similar idea, proposing the implementation of "multi-dimensional" gas pricing. He aimed to categorize different operations in Ethereum into various types to save blockchain resources.

Tornado Cash developer Alexey Pertsev has been convicted of money laundering by a Dutch court and handed more than 4 year prison sentence!

⚖️ A three-judge panel found Pertsev guilty on Tuesday of laundering $1.2 billion in illicit assets through the crypto mixer's platform.

The 31-year-old Russian national, residing in the 🇳🇱 Netherlands, received a sentence of five years and four months, matching the prosecution's request.

👀 Pertsev's legal team has a 14-day window to appeal the court's decision.

Biden bans Chinese miner from owning property near military base

🇺🇸 U.S. President Joe Biden has prohibited a mining company controlled by Chinese nationals from owning real estate near an Air Force base in Wyoming. This follows a statement from the Treasury Department.

🪖 The head of state has ordered MineOne Partners Limited to sell the property on national security grounds.

👀 The firm, whose controlling stake is held by Chinese investors, purchased the property in June 2022, one mile from Warren Air Force Base, the site of Minuteman III strategic 🚀 nuclear missiles.

✔️ CFIUS, within its authority, initiated an appeal to the president on this matter, leading to his decision.