🪙 Today marks 10 years since Charlie Munger called #BTC "rat poison."

As of today, "rat poison" is worth over $63,000, and Charlie is already gone.

There you have it, opinions of authoritative figures 🗿

🪙 A record number of native SPL tokens are being created on the #Solana network

On May 4th, the daily figure approached 15,000. Coincidentally, #Coinmarketcap added 138 meme coins in April, whereas just a year ago, only 18 were added.

Is this a sign of a new trend in meme coins or a springtime surge in scammers? 🤔

📌 CoinShares has prepared a report on crypto financial flows for the past week:

#BTC - investment outflow of $284 million.

#ETH - inflow of $30 million.

Inflows were also noted for many altcoins. The most significant ones were:

#AVAX - $0.5 million.
#ADA - $0.4 million.
#DOT - $0.3 million.

📌 KickEX Opinion:

Negative sentiments among traders continue to be fueled by news regarding cryptocurrency regulation.

For example, we can mention the statement by CFTC Chairman Rostin Benham about new sanctions against professional participants in the cryptocurrency market.

Also recently, investors received news of a possible SEC lawsuit against Robinhood for violating securities market laws, in the form of a "Wells notice" notification.

Taking into account the past year and the stories of legal proceedings by US securities market regulators against Binance, Coinbase, Kraken, the news of new cases does not instill confidence in buying cryptocurrencies.

However, on the other hand, the launch of trading in cryptocurrency investment products in Hong Kong has slightly smoothed out the negativity and has not caused quotes to plummet even further, with an inflow of around $307 million.

⚡️ Head of #SEC Gary Gensler gave an interview. Here are the key points:

🌐 We oversee a capital market of $110 trillion. #Cryptocurrency is just a small part of this market, but it comes with many issues and fraud.

📣 The media pays too much attention to the cryptocurrency market, although it is very small compared to other segments.

📈 A large number of tokens are securities.

⚙️ Approval of #ETF #ETH is being considered.

⚡️KickEX Trading Fees Update

KickEX is the pioneering exchange to offer negative trading fees to all users. Previously, only major market makers with turnovers amounting to billions of dollars had access to such benefits. With KickEX, anyone can assume the role of a market maker and profit from each transaction made as a maker.

👉Read more in our blog

#Dictionary Fiat

💵 Fiat money is cash made of paper with multiple layers of security, issued by the government for use within and outside the country. This type of money also includes virtual currencies stored in a bank account and accessible through a regular plastic card.

🖼 The daily trading volume of #Ethereum #NFTs on OpenSea has dropped by 99% from the peak value in May 2022

Meanwhile, Donald Trump sold his NFT with a photograph after his arrest in August 2023 for $1 million (presumably, this is the remaining one percent of the market) and promised to embrace crypto in the US in case of winning the elections.

Recently, cryptocurrency has increasingly become a bargaining chip in politics, an interesting trend indeed. 🤔

#Dictionary P2P Trading

🍪🍪 Peer-to-peer or person-to-person refers to the direct buying and selling of cryptocurrencies between users without the involvement of a third party or intermediary.

#Opinion

👑 Renowned cryptographer Adam Back believes that one Bitcoin is ten times rarer than a kilogram of gold

According to him, although the value of #BTC is currently similar to that of gold, in this cycle, it should be reevaluated and settle at the level of 10 kilograms of gold per #BTC.

Like if you didn't know digital gold is as valuable as the real deal 😰

#Dictionary Ticker

🪙 A short name assigned to a project for its identification in financial markets. In cryptocurrency, this is usually the token name.

⚡️The EU is considering the possibility of including crypto assets in its structure of mutual investment funds

Such a bold move could significantly alter the investment landscape across Europe, so let's keep an eye on it. 🔍

#Dictionary Limit Order

📈 A request to buy/sell at a specified limit price, which is lower than the current price when buying and higher than the current price when selling. Such orders are displayed in the exchange order book.

🥃 Exchange order book is a list of limit orders on the market at the moment.

#Opinion

🪙 Tom Lee, the head of the research division at Fundstrat, is expecting #BTC to reach $150,000

The analyst believes that Bitcoin will reach this figure by the end of the year, with the nearest milestone around $100,000 being achieved by summer, despite dropping below $70,000.

This isn't the first time an analyst has mentioned this particular price point 🤔

⚡️The US will start fighting against #Tether

Brad Garlinghouse, the CEO of Ripple Labs, announced the US government's confrontation with the USDT issuer on Chris Vasquez's podcast.

🎙Brad called Tether an essential part of the crypto ecosystem and noted that organized pressure on the company, in his opinion, could have unpredictable effects on the entire industry and become another "black swan" event.

Do you share the opinion of the CEO of Ripple Labs? 🤔

📣 #Opinion

Writer and entrepreneur Robert Kiyosaki has warned of the collapse of the dollar if BRICS countries launch their own cryptocurrency.

📉 Robert believes that if the BRICS economic bloc launches an intergovernmental stablecoin pegged to gold, trillions of US dollars will flow back into America, causing hyperinflation in the country.

The writer recommended buying gold, silver, and #bitcoin to protect oneself from the impending disaster. And we'll remind you that the idea of creating an intergovernmental BRICS cryptocurrency emerged as early as 2019.

In March, it became known that countries are already ready to create a new payment system, so stock up on bitcoins, rubles, yuan, and rupees 💸💸💸

And of course, #KICK 😉

🪙More than 3.6 million #BTC are currently lost

There's a belief that around 60% of bitcoins haven't been lost and are actually held by Satoshi Nakamoto. However, there's still no evidence of this, and it's possible that all these coins were permanently lost along with the old computers of early crypto enthusiasts.

Check your old hard drives, maybe you have a couple of thousand BTC lying around among the old files 💰

#Opinion

📌 Joe Biden could lose the elections due to his dismissive attitude towards cryptocurrency

That's the opinion of #Uniswap's founder, Hayden Adams. According to him, the "war" on the cryptocurrency industry is a serious misstep by the #Biden team, which could cost him the victory.

Billionaire Mark Cuban also noted that in the event of the Democratic candidate's defeat, the community would have a chance to settle scores with the SEC 👊

➡️ The #GME token surged by 1,800% in a week

GME utilizes the stock ticker of the legendary #GameStop, although it is not officially associated with the company. On Monday, GME saw a 1,247% increase with a total trading volume of over $70 million. The surge is attributed to the return of the Reddit trader Keith Gill, who rocked the boat with GameStop three years ago and became a symbol of resistance against Wall Street. 💪

If you missed all the buzz surrounding GameStop and are curious about what happened back then, drop a comment 🔥, and we'll prepare a special long read to reconstruct the timeline of events and explain why it was a significant precedent for the entire financial industry.

#News