Latest Ethereum News

▪️The volume of staked Ethereum has exceeded 32 million coins, making up ~27% of the total ETH supply. At current prices, this amounts to $121 billion.

▪️Ethereum developers will implement the Pectra update, featuring EIP-3074, in Q1 2025. This update will introduce new wallet capabilities, including the recovery of lost keys.

▪️Bloomberg analysts predict that the demand for an Ethereum ETF will be around 20-25% of the demand for a Bitcoin ETF. This forecast is based on the fact that the Ethereum market is about 30% the size of the Bitcoin market. Additionally, these new instruments will not allow staking of ETH.

▪️The price of Ethereum, in the absence of bad news, has returned to the $3900 range. The founder of DeFiance Capital predicts ETH will reach $4500 before the listing of spot Ethereum ETFs. 👀Subscribers of WuBlockchain on Chinese Twitter believe that Ethereum can rise to $10,000 in this cycle.

TVL of the TON blockchain exceeds $300 million

💰The total value locked (TVL) in The Open Network (TON) has reached $317 million.

📈 This parabolic growth has been observed since the beginning of March. The influx of liquidity is mostly attributed to the liquid staking program Tonstakers and the decentralized exchange Ston.fi.

Friend.tech Token Plummets as Co-Founder Hints at Leaving Base

📉 The native token for Web3 social network Friend.tech, $FRIEND, dropped sharply today after co-founder Racer expressed a desire👀 to leave Base, Coinbase's Ethereum Layer-2 network hosting the project. Racer posted a $200K bounty for a solution to migrate Friend.tech off Base without disrupting users.

👀 Racer cited a rocky relationship with Base, highlighting friction with Farcaster investors and feeling ostracized from the Base community. 🤷 Jesse Pollak, head of Base, acknowledged the team's feelings of isolation and expressed support for their decision, emphasizing the decentralized nature of the ecosystem.

⬇️ Following these developments, $FRIEND's value plummeted by around 20%.

✋ 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. Now let's move on to today's giveaway.

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
◾️2nd place - $10
◾️3rd place - $8
◾️4th place - $4
◾️5th place - $4

👆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 must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!

🎉 Congratulations to the winners of the cash prize giveaway from the Crypto Soothsayer channel!

▪️1st place - $20 - @pullupbar
▪️2nd place - $10 - @OFAH_Ro
▪️3rd place - $8 - @Gulsherali407
▪️4th place - $4 - @Holla2real
▪️5th place - $4 - @abanoubs2


💰 All prizes have been paid to the winners in $TON at the current exchange rate.

⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!

💎 Is Notcoin's Price Being Manipulated?

🚀 $NOT surged by ~40% in a single day without any major announcements from the project.

▪️ To prevent speculation about the reasons behind this growth, the CEO of DWF Labs offered a hint himself 🧐

👀 It's worth noting that DWF Labs is a well-known market maker with a questionable reputation.

Is Mt Gox Returning Funds?

👀 After 5 years of inactivity, the exchange has started transferring bitcoins to a new address.

Mt Gox collapsed in 2014, and this could be part of a planned fund return, with a deadline set for October 31, 2024. 🧐

🤷 Bitcoin responded to this event with a correction. 📉

🐳 Whales have been actively accumulating $XRP, $LINK, $ETH, and $BTC over the past few months. – Santiment

👀 Meanwhile, Chainlink is hinting at a partnership with SWIFT.

👀 Mt. Gox reports that the rehabilitation trustee is preparing to fulfill a portion of the claims.

It seems the market is likely to experience some downturn. 🧐

JPMorgan Doubts SEC Will Approve Solana and Other Crypto ETFs

👀 JPMorgan casts doubt on the SEC approving Solana and other crypto ETFs, despite the recent approval of Ethereum ETFs. 🤷 They believe there the SEC's decision on ETH ETFs is already a stretch due to the ambiguity around Ethereum's classification as a security and that the SEC has a strong opinion that tokens other than Bitcoin and Ethereum should be classified as securities, making the approval of Solana or other token ETFs unlikely.

✔️ But just a month ago, the approval of an Ethereum ETF seemed unlikely. Considering that the U.S. House of Representatives recently passed a bill FIT21, and if it is approved by the Senate and signed by the President, most tokens will be considered commodities and will fall outside the SEC's control, the launch of a Solana ETF doesn't seem impossible. 🧐

🐃The Bull Market is Still Ahead!

In past cycles, the MVRV ratio reached values of 4.83 and 3.97, while currently, it stands at 2.78.🥳

📈 We have not yet entered the overvaluation zone, and it is quite likely that significant growth will occur in June — CryptoQuant.

📰 Bitcoin News Digest:

🇺🇸💰 Donald Trump is interested in whether Bitcoin can be used to solve the US national debt problem, which currently stands at $35 trillion.

💵😎 Billionaire George Soros holds approximately $135,000,000 in MicroStrategy shares.

🇦🇷 🏦 Argentinian regulators are discussing Bitcoin and other digital asset regulations with the authorities of El Salvador—the countries plan to create an "alliance in which Bitcoin will play a key role."

🙀💲32 exchange-traded funds based on various digital assets have accumulated about 5% of the total Bitcoin supply under management (over $70 billion).

💣 🇺🇸The US bond market is inevitably going to COLLAPSE; it's better to invest in real assets... (such as Bitcoin, Gold, and Silver) – Robert Kiyosaki

ENS Labs Proposed Launching Its Own L2 Solution

💫 ENS Labs has proposed launching its own L2 solution, ENSv2.

ENSv2 will introduce a hierarchical system for managing .eth domain names.

👀 Domain owners will be able to manage subdomains and configure resolvers.

Additionally, transactions involving ENS will become cheaper. 👍

✋ 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. Now let's move on to today's giveaway.

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
◾️2nd place - $10
◾️3rd place - $8
◾️4th place - $4
◾️5th place - $4

👆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 must be filled out within four hours of the publication of this post. The results of the draw will be announced after processing the data from the form and further giveaway on the Daily Drops channel. And do not fill out the form several times. Such accounts will still be disqualified!

🎉 Congratulations to the winners of the cash prize giveaway from the Crypto Soothsayer channel!

▪️1st place - $20 - 0979798622/@Ad12wa
▪️2nd place - $10 - @Shery520
▪️3rd place - $8 - @dExter1lol
▪️4th place - $4 - @wahabu5
▪️5th place - $4 - @Eyimoga61


💰 All prizes have been paid to the winners in $TON at the current exchange rate.

⚡️Stay with Crypto Soothsayer to keep up with the latest news from the world of cryptocurrencies!

ZKasino is returning funds!

The team has made the decision not to deceive users and has introduced a reverse bridge for reclaiming ETH.

🤔 However, there's a small catch in the haste, as the window for reclaiming your ethers will only remain open until May 31, so act promptly if you've contributed. Further details on the refund process can be found in the article.

Nobody wants to end up 🚓 in prison, especially during a bullish market 😂.

Former FTX CEO Ryan Salame sentenced to 7.5 years in prison

🇺🇸 The US Attorney's Office has sentenced former FTX CEO Ryan Salame to 7.5 years of imprisonment.

🤷 Earlier, he pleaded guilty to conspiracy to make illegal political contributions and fraud with the Federal Election Commission, as well as conspiracy to operate an unlicensed money transmitting business.

LayerZero activity hits lowest level in a year

📉 Activity on the LayerZero protocol has reached its lowest level in a year. Specifically, the number of messages sent dropped from 348K on April 30 to 70K on May 5.

👀 Recently, this number has dropped below 40K.

Earlier, LayerZero announced that it had taken a snapshot for a drop distribution to its users, and then declared its intention to 🪤 catch all sybils.

🏹 This hunt for sybils has already become legendary, just ask Ruslan. 😂

Bernstein forecasts the growth of the crypto-ETF market to $450 billion

💰The total value of exchange-traded funds based on Bitcoin and Ethereum will rise to $450 billion in the next two years, according to Bernstein.

🔮 Experts also confirmed their forecast that the first cryptocurrency will grow to $80,000-90,000 by the end of the year, and at its peak in 2025, it will reach $150,000.

👀 They also noted that the approval of ETH-ETF has positive implications for other tokens, as they can use the same precedent. "Solana will benefit," Bernstein hints at the possibility of an ETF for Solana. 🧐

Previously, JPMorgan expressed doubts that the SEC would approve a Solana ETF.

U.S. Court Closes DEBT Box Case and Orders SEC to Pay $1.8 Million Fine

⚖️ On May 28, 2024, the Utah District Court (USA) concluded the DEBT Box case, dismissing the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the organization.

🔨 The judge also ordered the regulator to pay approximately $1.8 million to the attorneys and receivers. According to the document, the SEC will pay around $1 million to the attorneys as fees and expenses, and $750,000 to the arbitration manager.

✔️ To recall, the SEC's lawsuit against DEBT alleged that the firm engaged in financial fraud with cryptocurrencies amounting to $50 million. Later, the company provided evidence that the regulator distorted facts and made false statements.

Semler Scientific Adds 581 BTC to Its Balance. Shares Rise by 28%

🚑 Semler Scientific, a company specializing in medical technologies, announced the purchase of 581 BTC with a total value of $40 million.

Semler Scientific's shares, listed on Nasdaq, responded with an increase 📈 of more than 28%.