Solana provides the fastest confirmation (0.4 seconds), while zkSync has the longest confirmation time (2 hours).
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👻 Elon Musk compares the Federal Reserve to a monopoly. Elon Musk compares the Federal Reserve to a monopoly.
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The magazine's plan includes signing a comprehensive executive order dedicated to cryptocurrencies on the very first day of Trump's presidency.
Additionally, the project team intends to raise $100 million for Trump's election campaign.
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On the over-the-counter market, the EIGEN token is valued at about $8.
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JPMorgan CEO:
😡
Media:
😇
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Bitcoin is only needed for drug purchases, money laundering and tax evasion
Media:
JPMorgan invested a total of $625k in bitcoin ETFs from BlackRock, Fidelity and Bitwise
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- BounceBit (BB) - Listing on Binance.
- 15:30 - U.S. Producer Price Index (PPI) for the month (expected: 0.3%, previous: 0.2%).
- 17:00 - Federal Reserve Chairman Jerome Powell to speak.
- AEVO - Token unlock worth $1.2 billion.
- XEC - Network upgrade.
- BCH - Network upgrade.
- "13-F Filings to the SEC" will be published, which will clarify the buyers of Bitcoin Spot ETFs.
- 15:30 - U.S. core Consumer Price Index (CPI) for the month (Expected: 0.3%, Previous: 0.4%).
- 15:30 - U.S. annual Consumer Price Index (CPI) (Expected: 3.4%, Previous: 3.5%).
- 15:30 - U.S. monthly Consumer Price Index (CPI) (Expected: 0.4%, Previous: 0.4%).
- SEC - Emerging trends conference.
- 15:30 - Initial U.S. jobless claims (Previous: 231 thousand).
- STRK - Launch of Starknet incentive program.
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Good morning!
⭕ Fear/Greed index: 57 - greed
📉 Morning news roundup:
🗣 Ripple CEO warns of legal battle between Tether and US regulator.
🗣 Is JPMorgan trying to find a catalyst to drive Bitcoin and Ethereum prices higher?
🗣 Philippines central bank approves peso-linked stablecoin for faster money transfers.
🗣 The U.S. Congress is strongly accelerating the process of regulating cryptocurrencies.
🗣 Bank of America announced : "June will be an unforgettable month".
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The market is down today, with most alts in the red. BTC is currently trading around $60,940. ETH is around $2880.
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XRP aims for zero... Trader Peter Brandt believes that while XRP fans are talking about a historic day in the XRP/BTC pair and consider it a buying opportunity, from a classic TA point of view this chart is going to zero 🥏
BTC started the week with a $63k move, with most altcoins not keeping up with it. So it's not an altcoin season yet, and it's not signaling the end of a correction/consolidation, just a nice bounce. But $32m shorts have already been liquidated🥇
The whales have woken up:
🗣 2 BTC wallets of 500 coins each have come out of their 10-year hibernation and sent funds to new addresses.
🗣 Owner of 12,423 ETH bought at $11 in 2016 sent 4,153 ETH to Coinbase 🐳
📈 Top 3 in 24 hours:
Toncoin - $7.39 (↑7.22%)
THORChain - $6.08 (↑5.25%)
JasmyCoin - $0.01829 (↑3.57%)
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Meanwhile, Ripple CEO warns of a new target for US authorities - Tether.😏
BTC started the week with a $63k move, with most altcoins not keeping up with it. So it's not an altcoin season yet, and it's not signaling the end of a correction/consolidation, just a nice bounce. But $32m shorts have already been liquidated
The whales have woken up:
Toncoin - $7.39 (↑7.22%)
THORChain - $6.08 (↑5.25%)
JasmyCoin - $0.01829 (↑3.57%)
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About 5% of Notcoin's total tokens will be distributed to more than 500,000 community members and exchange users.
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Ripple CEO Brad Garlinghouse expressed concern about possible U.S. government actions against Tether, the largest issuer of stablecoins.
According to him, such actions could have unpredictable consequences for cryptocurrency markets.
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The fee for gas in the Ethereum blockchain has fallen to 6 Gwei as of May 11. The figure was at this level in January 2020.
At such figures, experts say that a swap will cost an average of $6.2, while selling NFT will cost about $10.5. Borrowing would cost $5.7, and a crosschain transfer would cost $2.
The reduction of commissions in the network began to occur after the launch of the Dencun hardfork, which, in turn, allowed to significantly reduce commissions in the L2 networks of the ecosystem, especially on the basis of Rollups technology.
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Good morning!
⭕ Fear/Greed index: 66 - greed
📈 Morning news roundup:
🗣 MtGox is preparing to release 142,000 BTC and 143,000 BCH by October 31.
🗣 Recent trendsand recovery in the cryptocurrency market.
🗣 Crypto investment products are seeing their first influx in weeks.
🗣 Tether CEO and Ripple CEO argue over USDT - Brad Garlinghouse says, "I didn't attack Tether."
🗣 Uniswap founder says that Biden's indifference to cryptocurrency could cost him the election.
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The market is on the upside today, with most alts in the green. BTC is now trading around $62,520. ETH is around $2945.
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PEPE +21.30%
FLOKI +21.17%
PEOPLE +20.16%
NEAR +10.64%
DOGE +9.66%
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Ethereum ETF will not be approved by the SEC and U.S. exchanges until the end of 2025.
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President Joe Biden has banned a Chinese-backed cryptocurrency mining company from owning land near a nuclear missile base in Wyoming.
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Despite the current bearish sentiment, CryptoQuant experts remain optimistic.
They note the constant outflow of bitcoin from centralized exchanges, which may indicate the imminent reversal of the trend.
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However, he believes that Tether, as the largest issuer of stablecoins, has attracted the attention of U.S. authorities seeking greater control over the sector.
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