📉 In April, trading volume in the crypto spot and derivatives markets fell 44% to $6.6 trillion, a sharp pullback from March's record high of $9.1 trillion.

🤪 Binance's spot market volume, on the other hand, has its first decline since September 2023.

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😎 According to the Wall Street Journal, Binance did not pay attention to the alleged cases of market manipulation conducted by market maker DWF Labs.

After the head of Binance's supervision service expressed his suspicions, he was fired.

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This is what market analysis looks like when BlackRock and others draw what they want in an ETF 😄

And everything is sad there again: American and Hong Kong ETFs received small total outflows yesterday, and the opening of the Hong Kong crypto market for mainland China is expected within the next two years🫡

Deutsche Bank has thrown in a portion of FUD again, now they are not satisfied with the opacity of the Tether audit. However, they could not find convincing arguments other than comparing USDT with UST, the latter, although a scam, worked on completely different principles 🪀

Toncoin is almost back at $7, helped by the hype from the imminent listing of NOT and the statement of the Pantera Capital fund that TON is their key investment 💎

🎹Top 3 in 24 hours:
Akash Network - $5,76 (↑19,74%)
Toncoin - $6,91 (↑14,23%)
The Graph - $0,304 (↑12,38%)

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🇪🇺 The European Union is discussing adding cryptocurrency to the €12 trillion investment market, which is larger than the U.S. bitcoin-ETF market.

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⚠️ Options expiration today: 18k BTC and 276k ETH

💲 18 18,362 BTC worth $1.15 billion - $62,000 zone of interest, 0.64 put call.
💲 276,405 ETH worth $0.84 billion - $3,050 area of interest, 0.74 put call.

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🇯🇵 Japan 's financial giant launches #XRP Ledger validator

➖SB VC Trade, the cryptocurrency exchange of the Japanese financial giant SBI Holdings, has announced the launch of its validator on the XRP Ledger.
➖«SBI strives to reflect the voices of its customers who own the XRP cryptocurrency»


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🪙 TON is Pantera Capital's largest investment

🔵Dan Morehead, founder of Pantera Capital, announced that the investment in #TON was the fund's largest transaction.
🔵Pantera previously raised $250 million to buy SOL at a discount from FTX.
🔵The exact amount of investment and details of the TON transaction remain unknown.

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📈 The difference in the inflow of money between the past and the current bullish cycle

🛑Private investor inflows are usually most active at the end of a bullish cycle.
🛑Although there are large whales that recorded profits of $73,000 in mid-March, inflows from retail buyers are less than in the last bull cycle.

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📊 Top 15 Best GameFi Projects by Active Users 30D

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🐦 Bitcoin dump

📉The price of bitcoin fell following stagflation data on the US economy and statements by Federal Reserve chair Lael Brainard indicating that there is a high likelihood of interest rate hikes due to rising inflation.

Hang in there. Strength to you, holders 🤵

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💲 Jack Dorsey: "Bitcoin will reach the "minimum million" by 2030"

🛑The founder of Twitter and the head of Block believes that the price of Bitcoin can reach $1 million by 2030 and is likely to exceed this number.

The most amazing thing about Bitcoin is that anyone who works on it, gets paid for it or buys it for themselves - makes the whole ecosystem better, which leads to higher prices

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🇳🇬 The IMF recommends Nigeria to license global crypto exchanges

🟢The IMF suggests applying the same regulatory requirements to crypto exchanges as to financial intermediaries.
🟢Goal: to attract international investments, stabilize the financial market, and potentially improve money transfer mechanisms.

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📡 #Kraken asks court to dismiss SEC lawsuit due to «misinterpretation of law»

✅The exchange points out differences in the interpretation of the concepts of "investment contract" and "ecosystem", emphasizing the SEC's misunderstanding of the basics of the case.
✅ In response to the SEC's lawsuit, Kraken argues that this represents a "dangerous precedent" for the agency's jurisdiction.
✅ Kraken emphasizes that Howey test contracts can be oral and do not necessarily have to be fixed in writing.

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A whale bought the WIF meme for $4.2 million 🐋

This whale has already traded the dog in a hat twice and both times were profitable, although the second one was clearly less successful, with total earnings around $8 million.

Now they have entered into another deal for 4.2 million USDC.

Let's see if they get lucky a third time or not... 🤷‍♂️

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🗣 One of the largest banks in the US, Wells Fargo, with assets under management of over $603 billion, has invested in the Grayscale Bitcoin ETF.

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A trader earned 15,750% profit on a meme token 😮

In two months, a user made $1.26 million with an investment of less than $9,000. On March 10th, the trader acquired 24.8 million meme tokens HAMMY for 60 SOL ($8,600). Two months later, the value of the cryptocurrency reached $1.26 million.

The trader bought the cryptocurrency at a rate of $0.00035. After a month, the asset's quotes rose 20 times, to $0.007, but the investor did not sell it and continued to wait.

By May 4th, the user had disposed of 12.8 million HAMMY for 2711 SOL (about $401,000), and to date, they still hold another 12 million HAMMY worth $860,000. 😱

As a result, the trader's initial investments grew 144 times, and the total profit exceeded $1.25 million.

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Good morning!

Today, the market is in the red, most altos are red.

🪙BTC is trading around $60,735.
⚪️ETH is around $2905.

🟡Fear/Greed index: 53 - neutral

📉A selection of morning news:

⏺The head of the Fed does not forecast a rate cut in 2024, despite inflation.

🟡Ark Invest and 21Shares refuse to participate in the spot Ethereum-ETF.

⏺The Senate has called for the urgent repeal of the SEC's "erroneous" cryptocurrency rules.

⏺Wells Fargo Bank invested $143 million in BTC, according to the documents

⏺JPMorgan holds investments in Bitcoin ETFs, despite the disapproval of the bank's CEO.

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