😰 They barely approved the #Ethereum #ETF and they're already discussing a #SOL ETF.

However, a SOL ETF might face several difficulties since there are no futures ETFs for SOL yet, and the #SEC has recognized #Solana as a security.

Meanwhile, #ETH has managed to break through $3,900 🚀

#CryptoNews

🔥 The creator of the meme coin #DARE literally got burned

In an attempt to pump his #shitcoin, he poured alcohol on himself and asked a friend to shoot fireworks at him.

The injured party was hospitalized, and the token's value dropped 🤡

At least it wasn't another #momcoin.

#CryptoNews

🪦 The #DOGE symbol is no more

In Japan, #Kabosu, the Shiba Inu dog who became the face of countless memes and the ambassador for #dogecoin, has passed away.

The dog lived for 18.5 years, which is quite impressive by canine standards. Let's remember Kabosu and thank her for her contribution to internet and crypto culture 💧

#CryptoNews

⚡️ KickEX CEO's Speech in the State Duma of the Russian Federation

Yesterday, bill №237585-8 "On Amendments to Certain Legislative Acts of the Russian Federation (in terms of digital currency regulation)" was discussed. The bill proposes:

📝 Legalizing miners in Russia who are included in a special registry.

📊 Requiring miners to sell the obtained cryptocurrency on foreign platforms.

🇷🇺 Banning the circulation and organization of cryptocurrency trading in Russia.

What could this lead to?

💰 Miners will extract energy resources from Russia and convert them into dollars or euros abroad.

🛥 The law will legalize money laundering and capital outflow from Russia to other countries.

#KickEX CEO Anti Danilevski presented proposals for the law under consideration. The main points:

💡 Legalize cryptocurrency by giving it a legal status (e.g., property, securities, digital financial assets).

🪪 Create a registry of domestic exchanges that will have the right to serve Russian miners.

✅ Require miners to sell the obtained cryptocurrency only on domestic exchanges included in the registry.

This will help keep capital in Russia, allow exchanges to accumulate cryptocurrency, which can be used in international settlements, and prevent money laundering and capital outflow through mining.

#Opinion

⚡️#StandardChartered believes that #ETFs on #Solana and #XRP can be expected by 2025

At this rate, we might see an ETF on #PEPE by 2030 😔

⚡️ You’ve been waiting, fiercely spamming likes on the post about #GME, and finally, here it is!

Today you will learn about the hype around #GameStop and how the little guys knocked down Wall Street a few pegs and created the first economic flash mob in history 🐹

Let’s start from the beginning. In 2021, GameStop was engaged in retail sales of discs, consoles, and other gaming stuff. Since 2015, it had started to experience difficulties with its existing business model, which is understandable given that digital distribution of games had been putting pressure on physical media and offline retail for several years. Furthermore, amid the pandemic, the company's shares fell to a historic low of $4.5 each

It's not hard to guess that with such results and economic prospects, GameStop became an excellent target for short-sellers from major funds

Everything would have been fine, but the situation GameStop was in caught the attention of Reddit traders, who saw an injustice in the fact that the "big guys" on Wall Street were profiting from a dying company. Without much hesitation, the guys from Reddit decided to teach the boomers a lesson 🤷‍♂️

The "mom's basement traders" from the subreddit r/wallstreetbets started buying up options on GameStop shares under the slogans "Save gamers' honor" and "Punish the hedge fund piranhas." And the more options that were bought, the more the stock price rose. The losses of the hedge funds that bet on the decline exceeded $5 billion, and many had to attract borrowed funds to stabilize. In short, poor Norwegian pensioners were unlucky once again

The situation worsened when the meme lord himself, Elon Musk, joined the party. With his tweet, he doubled the price of GameStop shares, and apparently, it was then that he realized that Twitter could be used not only for jokes about trampolines.

Stay tuned for more tomorrow, and in the meantime, send this post to your friend who also doesn't understand what #GME is and why the revived Twitter guy in the red bandana is pumping #memecoins

🐹 How the Little Guys knocked down Wall Street. Part 2

Reddit was jubilant — in late January 2021, the price of one share of the gaming retailer was around $360, which, given the $4 per share price in January 2020, signified a 9000% increase over a year 🤯

The r/wallstreetbets community grew to 8 million subscribers and was celebrating victory, when suddenly...

At the height of the battle between Redditors and the moldy funds, the popular private trading service #Robinhood blocked the ability to buy #GameStop shares. The problem was that Robinhood was the main platform for investing in GameStop because it positioned itself as a free service for ordinary people. However, it turned out that Robinhood's real earnings were not from transaction fees but from selling data about its users' behavior to large brokers and traders. So, as soon as the flash mob with the stock pump got out of hand, Robinhood decided to protect its real clients and shut down the party.

And now we smoothly transition from the stock market confrontation to the cryptocurrency market. After the events with GameStop, the same Robinhood stopped trading #Dogecoin when the meme cryptocurrency just started getting pumped. It was with the support of the crypto flash mob by the admin of the r/wallstreetbets community that Doge's value soared by 1000% in a day.

That admin was Jamie Rogozinski (not to be confused with Rogozin). Yes, the same legendary "revolutionary" who earned $48 million from the GameStop pump, and whose Twitter recently came back to life, causing a stir in the entire community.

Now you know a little more, give a like for the effort and send this material to your friends so they can know a little more too 😉

#Analysis #Bitcoin

🪙 The #BTC/#USDT price continues to consolidate near its all-time highs. Over the past week, the market received positive fundamental news regarding new #ETF instruments (this time for #Ethereum), which prompted traders to buy more actively.

As a result, since the beginning of May, the BTC price has been in a short-term upward trend after testing the lower boundary of the range.

📈 The range itself is formed between the support zone of 57 000 - 60 900 and the zone of resistance of 72 000 - 74 000. Recently, the #BTC price tested the first strong resistance level at 72 000. If buyer activity remains strong, a potential scenario to consider is the resumption of the bullish trend and further updating of highs with targets at the 80 000 level.

📉 An alternative scenario is possible if buying pressure is insufficient to break through the 72 000 - 74 000 resistance zone. In this case, it is likely that consolidation will continue, followed by a pullback to the lower boundary of this consolidation and a test of the support zone within the 57 000 - 60 900 range.

this is not a trading recommendation

⚠️ The Fear and Greed Index is at a historic high

Currently, it stands at 75

The index ranges from 0 (extreme fear) to 100 (extreme greed) and reflects the sentiment in the cryptocurrency market. A low value signals overselling, while a high value warns of a potential market correction.

#CryptoNews

🌍 Weekly #CryptoDigest of News:

🪙 27.05 BTC.D (Bitcoin Dominance over Altcoins) - 53.93%
Bitcoin's dominance in the market remains above 50%, but it has decreased by 3% compared to last week. There is already a noticeable shift of funds from BTC to other assets.

🇺🇸 28.05/20:05 USD - Speech by Fed Governor Cook

🇺🇸 30.05/15:30 USD - GDP (Q1)
Forecast 1.3%

🇺🇸 30.05/15:30 USD - Initial Jobless Claims

#Analysis #Bitcoin

🪙 #BTC started moving towards its ATH with positive sentiment, but selling began at the first resistance level of 70 665.

📉 There is a trend level that also serves as a support level at the price of 67 380. If 67 380 is breached, the price may drop to 64 602, with short-term targets being 66 312 and 65 857.

📈 Optimistic sentiment may return to the market after the liquidation of long positions, which will occur if the support level at 64 602 is breached.

this is not a trading recommendation

🐶 A #ShibaInu holder earned over $1 million by holding the meme coin for more than three years

On January 31, 2021, he bought 48 billion #SHIB for $2700 on #Uniswap. Yesterday, the trader sold all the coins for $1.24 million.

The investment growth amounted to 47 592% 🚀

#TraderStories

🪙 Whale #Bitcoin addresses are currently at their highest activity level in the history of #BTC.

#CryptoNews

🖼 The US Treasury has recommended that regulators develop rules for #NFT

In a new report, the government body criticized non-fungible tokens, stating that the sector is at risk of fraud and facilitates money laundering. Among the common schemes mentioned were fake sales and #rugpull.

Let's congratulate the US Treasury in the comments for their timely measures regarding NFTs 👏

#CryptoNews