JPMorgan: BTC mining cost is $45,000

🏦 According to JPMorgan analysis, the cost of BTC production today is up to $45,000.

“We previously anticipated a significant drop in the hashrate post halving as unprofitable bitcoin miners exit the bitcoin network. This appears to be happening, albeit with some delay”

- the report said.

📈 The current mining difficulty is 583.8774 EH/s and the ATH, 720.6836 EH/s, was reached immediately after the halving.

👀 The value of Bitcoin at the moment is $66,000

The Notcoin Foundation donated $6.8 million to Pavel Durov as a token of gratitude.

Earlier, Durov showered the Notcoin team with compliments.

One hand washes the other? 👀😁

🚨 Tether Blocked 4 Wallets With 52.8 Million #USDT! - Whale Alert

Nigerian Court Denies Bail for Binance Executive

🇳🇬 On May 17, the Federal High Court in Abuja denied a bail request for Tigran Gambaryan, Vice President of Global Intelligence and Investigations at Binance, as reported by local media.

⚖️ The judge, after a thorough review of the application, determined that the accused was unlikely to appear in court if released on bail.

👀 Earlier, Binance CEO Richard Teng appealed to Nigerian authorities for Gambaryan's release, describing the arrest as a tactic to pressure the exchange and alleging an extortion attempt by "unknown individuals." The government refuted any bribery allegations.

Nadeem Anjarwalla, Binance's director for West and East Africa, who was detained alongside Gambaryan, managed to escape custody to Kenya. However, Nigerian authorities tracked him down and are arranging his extradition.

🧐 Gambaryan and Anjarwalla face charges of tax evasion and using the exchange to launder nearly $21.6 billion.

DTCC and Chainlink Conducted Asset Tokenization Testing

💵 The Depository Trust & Clearing Corporation (DTCC) and Chainlink have completed pilot testing for asset tokenization.

👀 The experiment included participation from American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust, State Street, and U.S. Bank.

DTCC handles clearing for Nasdaq.

There is also information that whales have been actively accumulating $LINK over the past 5 weeks.🧐

✋ 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 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 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 first cash prize giveaway from the Crypto Soothsayer channel!

▪️1st place - $20 USDT - @charliehunm
▪️2nd place - $10 USDT - Oga_Crown
▪️3rd place - $8 USDT - @angela94lov3
▪️4th place - $4 USDT - 07046268235
▪️5th place - $4 USDT - @sinxu777

💰 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!

Bank of America Upgraded Coinbase

🏦 Bank of America (BAC) upgraded Coinbase (COIN) from underperform to neutral. This upgrade follows the positive dynamics of the crypto market, which led to an increase in market capitalization and trading volumes.

👀 Following this, Coinbase shares rose by 2.5% in pre-market trading, reaching around $204. Improved expense discipline and diversification at Coinbase are expected to increase earnings further.

✔️ However, there are risks related to regulatory issues (the ongoing lawsuit with the SEC) and potential competition from the Chicago Mercantile Exchange (CME) entering the spot bitcoin trading market.

🙀 Will NotCoin reach $1?

💎 Pavel Durov received more than 1 billion $NOT ≈ $6.8 million as a gift yesterday. He promised to hold all the coins until $NOT gives 100x returns! 🚀 Then he will invest these $680 million in servers for Telegram.

Are you holding or have you already sold everything? 😁

Holding - 👍
Managed to sell - 🔥

Bitcoin's correlation with tech stocks hits highest since August!

📈 Bitcoin is now behaving more like tech stocks, with its 90-day correlation coefficient with the tech-heavy Nasdaq 100 index reaching 0.46, the highest since late August.

➡️ This shift reflects growing optimism that borrowing costs might soon decrease, making Bitcoin more akin to high-growth assets.

👀 Despite being touted as an uncorrelated asset, Bitcoin's recent behavior suggests otherwise. The approval of Bitcoin ETFs has opened the market to new investors, driving its price up significantly.

🐃 Analysts believe that if the Federal Reserve lowers interest rates, it could be bullish for Bitcoin and other risk assets.

Kraken is considering removing support for Tether (USDT) in the EU due to upcoming regulations.

🇪🇺 The EU's new MiCA rules, effective from July, will restrict stablecoins like USDT, which are crucial for traders to move assets and avoid volatility.

👀 Tether expects exchanges to focus on EUR liquidity for EU customers. OKX has already limited USDT trading in the EU but allows deposits, withdrawals, OTC transactions, and EUR exchanges.

🐙 Kraken's decision will depend on the finalized guidelines from the European Banking Authority. Tether's CEO, Paolo Ardoino, has expressed concerns about MiCA and will continue discussions with regulators.

The inflow of capital into the Bitcoin ETF in May has already fully compensated for all the April outflows - Eric Balchunas, analyst Bloomberg.

"The bitcoin ETFs have put together a solid two weeks with $1.3b in inflows, which offsets the entirety of the negative flows in April- putting them back around high water mark of +$12.3b net since launch"

- he stated.

Everything is just beginning!

BTC is currently in the middle of a bull cycle. 📈 Market capitalization is growing faster than realized capitalization, and this trend usually lasts about two years.

💪 If we maintain these metrics, the bull cycle will last until April 2025.

Do you believe in Bitcoin reaching $100,000 this year? Put🔥

Think we’ll reach $100k in 2025? Give 👍

Tokens likely to be listed on Binance

🗒 This list features projects that Binance has invested in but hasn't yet listed.

👀 If Binance is an investor, a listing on their exchange is likely just a matter of time, which could positively affect the token's price.

Fantom to Rebrand and Become Sonic Blockchain

The Fantom Foundation has announced that it will rebrand its Fantom blockchain to the Sonic Network.

FTM coins will be converted to S coins at a 1:1 ratio.

The Sonic blockchain will feature a native L2 bridge connecting it to Ethereum.

✋ 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 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 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 first cash prize giveaway from the Crypto Soothsayer channel!

▪️1st place - $20 USDT - @Tiwalade002
▪️2nd place - $10 USDT - @Silvanus626
▪️3rd place - $8 USDT - BENCARSON77
▪️4th place - $4 USDT - @Bellopeter51
▪️5th place - $4 USDT - Tha Trinity


💰 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!

Kraken Denies Information About Plans to Drop USDT in the EU

🤵 Top Kraken executive Mark Greenberg stated that the exchange will continue to support USDT on its platform in the EU.

👀 Currently, the company has no plans to delist USDT, and Kraken will make every effort to meet the demand of European customers for all relevant stablecoins.

✔️ Earlier, Bloomberg reported that Kraken plans to drop USDT in light of new MiCA regulatory norms.

Gemini will start returning Gemini Earn users' assets next month

♊️ The exchange Gemini will begin returning assets to Gemini Earn users at the beginning of next month.

🧐 Clients will be able to reclaim 97% of the assets in their original form.

✔️ Previously, the court approved the bankruptcy procedure of Genesis, which provided services for Gemini Earn.

Only 5 tokens have increased in price since being listed on Binance over the past 6 months: $ORDI +261.9%, $JTO +62%, $JUP +58%, $WIF +117%. And there's also $MEME, but its growth is quite minimal at +8%, well, at least it’s not in the red, so there's that! 😆

Binance is not what it used to be, not at all! 🧐