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. 🧐
👀 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. 🧐
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🐃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.
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.
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📰 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
🇺🇸💰 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
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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. 👍
💫 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. 👍
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✋ 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!
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!
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Daily Drops
Every day crypto 🐲 drops! Subscribe to everyday earnings!
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Forwarded from Daily Drops
🎉 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!
▪️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!
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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 😂.
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 😂.
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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.
🇺🇸 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.
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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. 😂
📉 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. 😂
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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.
💰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.
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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.
⚖️ 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.
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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%.
🚑 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%.
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BlackRock's IBIT Bitcoin ETF Surpasses Grayscale's GBTC
🌋BlackRock's Bitcoin ETF has become the largest in the world, overtaking Grayscale in terms of BTC holdings.
💰 As of today, IBIT has $20 billion, while GBTC has $19.7 billion.
👀 Additionally, BlackRock purchased $4 million worth of its own spot Bitcoin ETF shares, adding these shares to its two funds - BSIIX and MAWIX.
🌋BlackRock's Bitcoin ETF has become the largest in the world, overtaking Grayscale in terms of BTC holdings.
💰 As of today, IBIT has $20 billion, while GBTC has $19.7 billion.
👀 Additionally, BlackRock purchased $4 million worth of its own spot Bitcoin ETF shares, adding these shares to its two funds - BSIIX and MAWIX.
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BTC has yet to reach 🏔 a new high adjusted for inflation and relative to Gold!
According to well-known trader Peter Brandt, this is an indirect sign that the 🐃 bull market is still in its early stages. 💪🚀
According to well-known trader Peter Brandt, this is an indirect sign that the 🐃 bull market is still in its early stages. 💪🚀
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Researchers Recover Access to 2013 Bitcoin Wallet Worth Nearly $3 Million!
Thanks to a flaw in an old version of 🤖 RoboForm and a bit of luck, researchers helped one man recover access to 43.6 BTC, worth about 💰 $3 million. He lost the password to his wallet, created in 2013, after a file got corrupted.
🔍 In 2022, he reached out to famed hacker Joe Grand (Kingpin), who teamed up with Bruno from Germany. They 🔨 reverse-engineered the 2013 RoboForm version and found a flaw in its password generation, which used the computer's date and time.
Despite multiple failed attempts, they finally 🎉 cracked the password in November 2023. The happy owner of the recovered password sold part of his BTC when the price hit $62,000 and plans to hold the rest until it reaches $100,000. 🚀
💡 Losing the password turned out to be a stroke of luck, as it prevented him from selling earlier at a lower price.
Thanks to a flaw in an old version of 🤖 RoboForm and a bit of luck, researchers helped one man recover access to 43.6 BTC, worth about 💰 $3 million. He lost the password to his wallet, created in 2013, after a file got corrupted.
🔍 In 2022, he reached out to famed hacker Joe Grand (Kingpin), who teamed up with Bruno from Germany. They 🔨 reverse-engineered the 2013 RoboForm version and found a flaw in its password generation, which used the computer's date and time.
Despite multiple failed attempts, they finally 🎉 cracked the password in November 2023. The happy owner of the recovered password sold part of his BTC when the price hit $62,000 and plans to hold the rest until it reaches $100,000. 🚀
💡 Losing the password turned out to be a stroke of luck, as it prevented him from selling earlier at a lower price.
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LayerZero Expands to Solana Blockchain
💰 Crypto holders on Solana will be able to transfer their assets to Arbitrum, Ethereum, Polygon, and over 70 other connected chains, and vice versa.
👀 The crypto bridging protocol LayerZero is set to integrate with the Solana blockchain, creating an additional pathway for crypto assets to move between Ethereum and its largest competitor.
🌉 LayerZero Labs, the developer of the bridging protocol, announced that this expansion will enable seamless asset transfers for Solana users to and from Arbitrum, Ethereum, Polygon, and the numerous other chains it supports.
Hmmm, maybe it will at least help boost activity on the LayerZero network, which has fallen to its lowest level in a year. 🧐
💰 Crypto holders on Solana will be able to transfer their assets to Arbitrum, Ethereum, Polygon, and over 70 other connected chains, and vice versa.
👀 The crypto bridging protocol LayerZero is set to integrate with the Solana blockchain, creating an additional pathway for crypto assets to move between Ethereum and its largest competitor.
🌉 LayerZero Labs, the developer of the bridging protocol, announced that this expansion will enable seamless asset transfers for Solana users to and from Arbitrum, Ethereum, Polygon, and the numerous other chains it supports.
Hmmm, maybe it will at least help boost activity on the LayerZero network, which has fallen to its lowest level in a year. 🧐
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✋ 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!
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!
Telegram
Daily Drops
Every day crypto 🐲 drops! Subscribe to everyday earnings!
👾520👍146❤62🔥18😱17🥰10😁6💯5👎4👏4
Forwarded from Daily Drops
🎉 Congratulations to the winners of the cash prize giveaway from the Crypto Soothsayer channel!
▪️1st place - $20 - @Cameronxyz
▪️2nd place - $10 - @promisingstar
▪️3rd place - $8 - @sadeeqah
▪️4th place - $4 -@TheHighLordofPussyTown
▪️5th place - $4 - @Neostron
💰 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!
▪️1st place - $20 - @Cameronxyz
▪️2nd place - $10 - @promisingstar
▪️3rd place - $8 - @sadeeqah
▪️4th place - $4 -@TheHighLordofPussyTown
▪️5th place - $4 - @Neostron
💰 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!
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💳 Mastercard introduces the possibility of P2P transactions via UID
👥 Users of crypto exchanges Bit2Me, Lirium, Mercado, Foxbit, and Lulubit will be able to conduct P2P transactions using the "Mastercard Crypto Credential" identifier instead of a wallet address.
👀 Users need to obtain their UID from a Mastercard partner service.
📳 The service is currently available only in Argentina, Brazil, Chile, France, Guatemala, Mexico, Panama, Paraguay, Peru, Portugal, Spain, Switzerland, and Uruguay.
👥 Users of crypto exchanges Bit2Me, Lirium, Mercado, Foxbit, and Lulubit will be able to conduct P2P transactions using the "Mastercard Crypto Credential" identifier instead of a wallet address.
👀 Users need to obtain their UID from a Mastercard partner service.
📳 The service is currently available only in Argentina, Brazil, Chile, France, Guatemala, Mexico, Panama, Paraguay, Peru, Portugal, Spain, Switzerland, and Uruguay.
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Brokerage firm Hidden Road will restrict its clients from trading on the Bybit crypto exchange.
Hidden Road provides services to institutional clients.
👀 Reason: Disagreements over KYC and AML (Know Your Customer and Anti-Money Laundering) requirements — Hidden Road demands stricter rules.
Bybit has initiated a "comprehensive compliance review" of its main brokerage business.🧐
Hidden Road provides services to institutional clients.
👀 Reason: Disagreements over KYC and AML (Know Your Customer and Anti-Money Laundering) requirements — Hidden Road demands stricter rules.
Bybit has initiated a "comprehensive compliance review" of its main brokerage business.🧐
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