💰 The SEC has required issuers of spot Ethereum ETFs to file S-1 forms by Friday. BlackRock and VanEck have already submitted the necessary documents.

The filing of the forms will initiate the review process and the introduction of amendments.

Approval will require at least two rounds of document submission.

Approval of the S-1 form will greenlight the trading of Ethereum ETFs on the exchange.

#ETF

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😇 In the Ethereum Classic network, a branch of the Ethereum blockchain, the fourth halving occurred, reducing the reward for finding a block to 2.048 ETC.

This planned event happens approximately every two years, with a 20% reduction in the reward aimed at reaching a total emission of 210.7 million ETC. Since 2017, this is the fourth occurrence of such an event.

The price of ETC remained unchanged in reaction to this event, with a negative trend over the week (-6.4%). The project holds the 25th position in the market capitalization ranking according to CoinMarketCap, with a market capitalization of $4.3 billion.

#ETC

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🇺🇸 The U.S. Treasury Department criticized NFT because of its risks

Non-fungible tokens are at risk of fraud and facilitate the laundering of illicit funds, the US Treasury Department said in a report.

This is the first time the department has analyzed and evaluated the NFT sector. According to its report, such assets are often used to legalize illicit proceeds. Among the common schemes, the ministry singled out rug pull and fake sales.

The Finance Ministry recommended regulator s to work out rules specific to non-mutualizable tokens.

“The assessment shows that NFTs are susceptible to use in fraudulent schemes and are also susceptible to theft. To date, little evidence has been found of misuse of the tokens by terrorists, as opposed to scammers,” the U.S. Treasury Department said.

Most money laundering and illicit financing transactions are more likely to occur using fiat currency, but there are instances of fraud in the non-interchangeable token space.

“Criminals often attempt to quickly sell or exchange stolen or illegally obtained NFTs to avoid detection, conceal the source, or complicate the ability of trading platforms, blockchain analytics companies, and law enforcement to track the location of NFTs and any profits from illegal sales,” the ministry's experts explained.

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🇭🇰 The Hong Kong government announces support for the DeFi and Web3 sectors

🔹 The overall strategy includes significant investments in Fintech, Web3, and virtual assets.
🔹 The government recognizes the potential of DeFi to revolutionize traditional financial systems.

#DeFi
#Web3

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🟠 BTC can be used in Solana thanks to 21BTC

It is now possible to directly use native BTC on the Solana 🙂 network through the 21BTC service. All assets are 100% backed by real BTC, which are stored on a 1:1 basis with third-party custodians.

Deep liquidity is provided by Orca, the largest marketplace on the Solana network and an official partner of the project.

#BTC
#Solana

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💲 The accumulation of BTC whales is reminiscent of 2020

➖CEO of CryptoQuant Ki Yang Ju claims that the current whale activity is reminiscent of events in 2020.
➖We are seeing high blockchain activity and increasing #BTC accumulation by whales despite low price volatility.
➖In 2020, a similar accumulation phase led to the BTC price rising to $64,000 by April 2021.
➖A $1 billion a day is being added to new whale wallets, which could indicate a potential bullish trend.

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☝️ Top managers left Bybit following the Notcoin incident

Several top managers at the Bybit exchange resigned after the incident with Notcoin (NOT).

On May 16th, Bybit failed to process user deposits who received NOT tokens during an airdrop.

As a result, the platform had to manually credit funds to the accounts of 320,000 users.

Because of this, Bybit paid out $26 million in compensation.

#Bybit
#NOT

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👛 TON has confirmed a partnership with Hamster Kombat!

#TON

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📊 Tron, Bitcoin, Ethereum, and Litecoin top the list of cryptocurrencies with the highest number of active users.

Dogecoin is in fifth place in this regard.

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💵 $875 million worth of tokens will be unlocked in June

🛑The largest unlocks are Aptos ($102.6 million), Arbitrum ($105.6 million), Starknet ($78 million) and Sui ($66 million).
🛑In various sectors, the unlock will amount to more than $10 million for each, as the deadline for the transfer of tokens for more than 30 projects expires.

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🚬 The DMM Bitcoin cryptocurrency exchange was hacked, resulting in the theft of 4502.9 BTC valued at approximately $305 million.

The exchange has currently suspended all spot trading.

#scam

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🐶Shibarium Total Value Locked Hits 93.6 Billion SHIB: Details

🔗 Shibarium's Growth: Shibarium, the layer-2 scaling solution of the Shiba Inu ecosystem, has seen a significant increase in its Total Value Locked (TVL). The TVL surged from $2.15 million on May 21 to $2.42 million, marking a more than 12% growth. This rise reflects the increasing usage and confidence in Shibarium. At the beginning of January, the TVL was under $1 million, according to DeFiLlama.

💰 Current TVL: The current TVL of $2.42 million equals 93,653,250,774 SHIB locked in various protocols on the platform. The leading decentralized application (DApp) on Shibarium is Woofswap, which is the first Ve(3,3) decentralized exchange on the network, dominating with $1.68 million in TVL.

💥Top DApps on Shibarium:
Woofswap: $1.68 million
ChewySwap: $443,435
MARSWAP: $178,135
DogSwap: $56,232
PunkSwap: $37,264

🏆 Undervalued Potential: Shibarium is often considered an undervalued layer-2 solution compared to peers like Polygon, Arbitrum, and Optimism. However, the migration of ShibaSwap from the Ethereum mainnet to Shibarium could change this perception. ShibaSwap, the first DEX on Shiba Inu, has a TVL of $28.9 million, potentially boosting Shibarium's outlook significantly.

#ShibaInu #CryptoNews #Blockchain

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📊 The largest fundraising rounds conducted in May

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💥MicroStrategy Set for Crazy 240% Pump on Super Crypto Euphoria, Predicts Henrik Zeberg

In a recent social media post, financial analyst Henrik Zeberg suggested that MicroStrategy, the business analytics firm led by CEO Michael Saylor, could be on the brink of a massive surge in value. Zeberg believes we are entering a phase of

"Super Euphoria"

in the crypto market, with Bitcoin playing a significant role.

According to Zeberg, the Elliott Wave structure and Fibonacci analysis indicate a potential target well above previous all-time highs dating back to 2000. If Zeberg's projections materialize, MicroStrategy's stock could see a remarkable increase of $240, reaching as high as $3,560.

A significant factor in MicroStrategy's potential rise is its substantial Bitcoin holdings, currently valued at $14.66 billion. With an average purchase price of $35,180 per BTC, the company stands to reap significant profits, amounting to an impressive 94.43% gain, or $7.12 billion.

Are you excited about the potential surge in MicroStrategy's stock? Share your thoughts and reactions below!

#MicroStrategy #HenrikZeberg #Bitcoin

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It always seems like everyone around is making money except you 👍

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🤭 Donald Trump received $35M in one day

👀 President Donald Trump's campaign claimed it has raised $34.8M in small donations (including in crypto) since his conviction in court this morning.
👀 Trump's cryptocurrency wallet holds a total of $13.5M (an increase of $1.5M in one day).

#Trump

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📊 Top-25 meme coins inspired by Elon Musk (by market capitalization)

#Musk
#meme

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Rumor Of Apple Partnership Sends Crypto Altcoin Soaring By 20% 🚀

Speculation is buzzing around JasmyCoin ($JASMY), known as the “Bitcoin of Japan,” after an announcement from the Prime Minister’s Office of Japan. A video call between Prime Minister Kishida and Apple CEO Tim Cook confirmed integrating Japan’s My Number Card function into iPhones by next spring. 📱🇯🇵

💥 Crypto Investors Speculate On Apple Collaboration 💥
This news has led to a 20% surge in $JASMY’s market value in the last 24 hours, pushing its market cap to $1.4 billion. Its 24-hour trading volume also jumped 400% to $570 million. 📈

While the My Number Card system isn't officially linked to JasmyCoin, rumors of a potential connection have fueled investor excitement. JasmyCoin, founded by former Sony exec Kazumasa Sato,

Since February, $JASMY has surged by about 380%, but it’s still down over 91% from its all-time high of $0.35 in October 2021. Currently, JASMY trades at $0.03068. 💰

🌐 What's Next for JasmyCoin?
Investors are eagerly awaiting potential collaborations. If these rumors pan out, $JASMY could see further gains. Until then, caution is advised.

What do you think about the potential Apple partnership with JasmyCoin? React below! 👇

#JasmyCoin #BitcoinOfJapan #Apple

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