BTC target is $74,000 🥇

Traders found an inverted head and shoulders on the daily bitcoin chart and added Elliott waves that send the price first to $71k, then a correction to $66k and a new upswing to $74k.

It is $66k that now acts as a key support level above which we maintain the uptrend because 530,000 BTC was sold at this price.

Keep the forecast, let's check 🆗

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⚡️ According to the president of ETF Store, a decision on the spot Ethereum-ETF from the SEC could come this week.

In order to launch the Ethereum-ETF, the SEC must approve Form 19b-4, which deals with changes to trading rules, and then review Form S-1, which is the registration statement.

Nate Geraci notes that it's possible the SEC will approve the 19b-4 but then slow down the S-1 review process.

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📊 Solana is significantly ahead of other networks by the number of transactions on decentralized exchanges - more than 210 million over the past 30 days.

The number of unique DEX users in Solana for a month exceeded 11 million with trading volume of more than $47 billion. The second place is occupied by BNB Chain (BSC) with 29 million transactions in its own DEX with 4.6 thousand unique traders and trading volume twice less.

Solana's low fees have made it the most popular blockchain for launching tokens, and memcoins in particular. Over the last 30 days, more than 466k new tokens have appeared on the network (not counting NFTs).

A significant part of trading operations in Solana takes place exactly on decentralized trading services such as Raydium, Orca or Jupiter.

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NOT 💎 is now a fully supported asset in Wallet Telegram.

Starting today, you can:
🔷Buy and sell NOT on the P2P marketplace
🔷Exchange it to TON, USDt and BTC
🔷Send it to your contacts
🔷Use it for payments in Wallet Pay

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🇺🇸The U.S. Congress is about to vote on a bill that defines blockchain decentralization as:

Any issuer cannot control more than 20% of a digital asset and have voting rights above that percentage

🖤 This will force protocols to issue coins with a higher circulating volume and a higher percentage aimed at the community rather than funds and investors.

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BTC updated the maximum in Japan, Argentina and the Philippines 👀

This was made possible by the depreciation of national currencies. In fact, all fiat is losing its purchasing power, just at different speeds.

Ethereum is already at $3,700, up 19% in 24 hours 🕔

Fidelity has updated its application for an ether spot ETF, eliminating staking from it. May 23 and 24 is the SEC's deadline to rule on ETF applications from VanEck and ARK Invest.

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🐦Phantom (a crypto wallet in the Solana ecosystem) acquired Bitski to simplify user access to decentralized applications (dapps).

🔺Bitski is known for its embedded wallet technology and collaboration with brands such as Adidas and WWE.

🔺This helps users log into dapps using email or social media. 🖤

🔺Simple and versatile. Finally, the crypt will be adapted for the mass user 😖

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Good morning!

The market is on the upside today, with most alts in the green. BTC is now trading around $69,880. ETH is around $3790.

⭕Fear/Greed index: 75 - greed

📈Morning news roundup:

🗣 DWF is partnering with Jupiter to improve the Solana ecosystem.

🗣 6 Ethereum ETF candidates have filed amendments for upcoming approval.

🗣 Gala Games returns $23M stolen by hacker and plans buyback.

🗣 Uniswap disputes SEC claims and prepares for trial.

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👀 All of these companies have applied to create Ethereum ETF shares:

🖤VanEck, ARK, Hashdex, Grayscale (2x), Invesco, Fidelity, BlackRock, Franklin and Bitwise.

Might make a decision as early as tomorrow as the first deadline for the SEC to approve or deny the application is approaching 🖤

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🇺🇸This year, 46% of bitcoin trading volume has occurred during the US trading session. This may be a consequence of the launch of trading in shares of spot bitcoin-ETFs in January on US exchanges.

📊Trading volumes during the Asian session are much smaller, suggesting that it is the U.S. market that has a greater impact on the 2024 rally, Kaiko analysts wrote.

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Good morning!

Today, the market is in the black, most altos are green.

🟠BTC is currently trading around $69,515.
⚪️ETH is around $3,790.

💜Fear/Greed index: 75 - greed

📈A selection of morning news:

⏺Glassnode reports a slowdown in demand for BTC.

⏺ Today, investors are awaiting the SEC's decision on the Ethereum spot ETF.

⏺The U.S. House of Representatives has passed the bill on the cryptocurrency FIT21.

⏺The Solana spot ETF is likely to be next after the Ethereum spot ETF: CNBC.

⏺The CEO of Goldman Sachs does not forecast a Fed rate cut this year.

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The chance of an ETF on Ethereum being approved is 90% ✨

The Grayscale Ethereum Trust is trading at a 7% discount to spot, which gives analysts at 10x Research reason to estimate a 90% likelihood of a positive decision from the SEC.

According to a Federal Reserve survey in 2023, 7% of US citizens bought cryptocurrency. Will Gensler decide to go against 18 million Americans?

10x Research also warned that the Grayscale Ethereum Trust holds $11 billion in assets and, by analogy with GBTC, after the start of trading, we may see a significant selloff 🔪

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Binance is preparing for the listing of TON 🏆

This information was visible for a few minutes and then disappeared...

It is likely that the technical team is testing the TON network, or they are afraid that the TON community might cause their servers to crash 😁

Overall, the appearance of TON on the spot market is just a matter of time 💎

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💎 The TON blockchain is becoming more decentralized

🟢 The decrease in the Gini coefficient on the #TON blockchain indicates a more equitable distribution of wealth among token holders.
🟢 Wider participation and distribution of resources on the platform indicate an increase in decentralization.
🟢 TON can now meet the decentralization criteria according to the new law HR 4763.

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🐦 How about this one for you?

🖤 JAN3 CEO Samson Mow:

"Ethereum ETF is undoubtedly lagging significantly behind Bitcoin ETF.

Compare the demand in other markets where they exist, and consider that they don't offer staking rewards.

This is the last chance to sell 2️⃣ ETH above 0.05 BTC."

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🇺🇸 Residents of New York are now allowed to trade XRP on the Coinbase exchange.

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📊 The most popular decentralized applications on Blast.

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✅ Coinbase returns XRP to New York Investors

✅ XRP trading was suspended in January 2021 due to litigation with the SEC.
✅ In July 2023, the court recognized that secondary sales of #XRP are not securities, but trading in New York has not yet been supported.

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