BDev

The Injective (INJ) buy signal leading to the 700% and 555% bullish patterns is flashing again
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Injective is forming a TD Sequential buy signal on the weekly chart

In a new post on X, analyst Ali Martinez discussed the Tom Demark (TD) Sequential signal that formed on Injective's weekly price chart recently. The TD Sequential is a technical analysis (TA) indicator commonly used to detect potential reversal points in the price of any asset.
This indicator consists of two phases: setup and countdown. In this first setup, candles of the same color (green/red) are counted up to 9. When 9 candles appear, the price may have reached a reversal point.
Naturally, TD Sequential will suggest a bottom may have occurred if the candle is about to complete a red setup. Similarly, the indicator will signal sell if the period ends with an uptrend.

Once setup is complete, the countdown begins. In this second phase, the candles of the same type are counted again and this time up to 13. After the 13th candle of the same color, the price is said to have encountered another top or bottom.
According to Martinez, the TD Sequential signal belongs to the type of setup that was completed on Injective's weekly price chart.

$TON had a good first half of the year – Can the price reach $10 in the second half?
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29% of Toncoin holders have accumulated tokens in the past 30 days as TON price increased by more than 22%. This is more than the number of cryptocurrency buyers a year ago. 

However, the past seven days have not been kind to Toncoin as the price dropped 1.91%. However, based on performance this year, the 21% of TON holders who are breaking even may decide not to sell. The reason is that part of them may be among the 29% of holders who bought tokens in the past month. 

So can TON reach 10 USD?

According to Moodley, Toncoin's supply, active user base, and links to Telegram could help the token increase in price. 

“Currently, with a supply of 5 billion tokens and an inflation rate of 2%, an estimated 10 billion tokens in 35 years have the potential to increase in price steadily over the long term.”
On May 23, Telegram revealed that it would release a digital currency for payments on its platform. Considering the social media platform's links to Toncoin, there are speculations that the token could be involved in the scheme.

If so, activity on the network as well as demand for the token could skyrocket and it would only take a short time for TON to reach $10.
However, data from Santiment shows that activity on the Toncoin network has decreased. At the time of writing, the number of active addresses in 24 hours also decreased to 356, almost identical to the figure before the price increase to $7.45 in May.

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Coinbase burns XRP in the most unusual move ever

Exchange Coinbase is burning XRP in what is considered the most sophisticated or unusual move ever. 
In late May, Coinbase relisted XRP after Judge Analisa Torres ruled token sales on exchanges do not constitute investment contracts.
According to information from onchain monitor XRPScan, the exchange burns a portion of the fee (20 XRP) whenever there is an internal transfer.

While it is difficult to predict the exact reason for the token burn, XRPScan notes that it appears the intention was to empty the wallet when making the transfer. Coinbase is paying too much in gas fees because wallet reserves dropped to 10 XRP a few years ago.
The community is reacting to this unusual move by Coinbase, arguing that the gas overpayment is helping XRP more than the exchange.
Meanwhile, XRP has remained relatively stagnant this month, despite ambitions to reverse June's negative trend over the past decade as bulls eye a lasting price recovery that could help the coin retesting the year-to-date high of $0.88.

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Dogecoin drops as whale dumps 90 million coins; SHIB and Raboo investors target upside

Dogecoin price dropped slightly after a crypto whale sold 90 million DOGE to the open market. Likewise, Shiba Inu has decreased slightly over the past week. However, one memecoin that analysts and investors remain optimistic about is Raboo, a presale coin that has raised over $1.5 million in just phase 3 since its launch. The smart money is lining up to participate in the Raboo presale launch, which analysts believe could be the next 100x low-cap gem by 2024.

Find out why you should get in on the action early, too.
1. Dogecoin price action stagnates as crypto whales dump 90 million DOGE
2. Shiba Inu Better Poised to Outperform Dogecoin Price in 2024
3. New Memecoin SocialFi/AI Raboo Poised for a Parabolic Run in 2024

In terms of its potential for parabolic growth in 2024, Raboo is the clear choice. Dogecoin and Shiba Inu are yesterday's news. Meanwhile, Raboo hasn't even reached its peak.
$DOGE $SHIB

ETH price about to reach new ATH?
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Last week was a memorable time for the crypto community. More than four months after spot Bitcoin ETFs were approved, the U.S. Securities and Exchange Commission (SEC) has given the green light to eight Ethereum spot ETFs.

The crypto market's reaction to the event has been a roller coaster due to the incidents surrounding the approval. Both Bitcoin (BTC) and Ether (ETH) experienced significant and sudden volatility after the SEC's sudden U-turn. 

ETH could surprise the crypto market by reaching a new all-time high before Bitcoin returns to the price discovery zone.

Analyst Michaël van de Poppe has forecast a potential move for ETH/USD:

“Bitcoin dominance may have peaked this cycle at 58%. Valuations of altcoins are currently super low compared to Bitcoin. Ethereum is likely on its way to the next ATH.”
$ETH

Capital inflows into digital asset investment products hit record year-to-date of $14.9 billion: CoinShares
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Even though it's only May, three consecutive weeks of capital inflows into digital asset investment products have pushed total cumulative capital inflows to a record this year of $14.9 billion.

CoinShares noted in its latest weekly report that most of these capital flows have flowed into Bitcoin exchange-traded products. Last week, $1.01 billion flowed into such ETPs. “Sentiment is turning positive despite recent price increases,” the data shows, according to CoinShares. “This may be due to investors interpreting the FOMC minutes and recent macroeconomic data as somewhat dovish.”

Meanwhile, ETH benefited from the recent and largely unexpected approval of Ethereum spot ETFs in the United States — attracting $36 million in inflows last week.
The overall bullish trend in crypto prices has pushed the total value of digital asset ETPs to $98.5 billion, CoinShares noted. At the same time, weekly ETP trading volume increased 28% to $13.6 billion.

$BTC

Donald Trump declared that America should be number 1 in the world in the crypto industry
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According to former US president Donald Trump, America should accept no other position than the leading position in the crypto industry.

“Our country must be the leader in this field, there is no second place,” Trump declared in a post on Truth Social on May 25 — a social media platform owned by Trump Media and Technology Group (TMTG).
“I am very positive and open to crypto companies and all things related to this new and thriving industry,” he declared, before attacking president Joe Biden, whom he will face. leading in the 2024 presidential election, with US election day scheduled for November 4.
“FRAUD JOE BIDEN, THE WORST PRESIDENT IN THE HISTORY OF OUR COUNTRY, WANTS HIM TO DIE A SLOW AND PAINFUL DEATH. THAT WILL NEVER HAPPEN TO ME!”
$BTC $ETH $SOL

Donald Trump currently holds $10 million in cryptocurrency
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As of the morning of May 27, Donald Trump's on-chain cryptocurrency holdings exceeded the $10 million mark.
The increase in the value of his portfolio is largely due to the outstanding performance of the TRUMP token, a digital asset that has seen strong price increases.
According to data published by ArkhamIntel on May 27, TRUMP tokens alone are worth $7.3 million, accounting for the majority of his crypto assets.

The TRUMP token, created in memory of the former president, has seen a recent increase in value. This spike can be attributed to a number of factors, including growing interest from Trump supporters and speculators hoping to capitalize on the token's connection to the former president.

Additionally, the broader cryptocurrency market is on an upward trajectory, contributing to the appreciation of the value of various digital assets.
In recent campaign speeches, Trump has not shied away from discussing cryptocurrencies. In the past, Trump has had mixed views on digital currencies. In 2019, he expressed skepticism about Bitcoin and other cryptocurrencies, considering them “highly volatile” and created on “air.”
However, his recent comments indicate a change in opinion, which may be influenced by the increased popularity and acceptance of cryptocurrencies in the mainstream financial sector.
In a speech earlier this month, Trump acknowledged the potential of blockchain technology and digital assets to change the financial landscape. He emphasized the importance of innovation and being at the forefront of technological advances.
In a May 25 post on Truth Social, a social media platform owned by Trump Media and Technology Group, declared: “Our country must be a leader in this area. We need to embrace the future of finance.”

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Ethereum Layer 2 Taiko goes live on mainnet
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Ethereum-based rollup Taiko has launched on mainnet after being in development since 2022 and undergoing seven testnets.
Ethereum co-founder Vitalik Buterin proposed the first block on Taiko's mainnet, with metadata containing the names of every core contributor to Taiko.
Taiko is a based rollup — a rollup based on the Ethereum mainnet, instead of creating a completely separate blockchain. This method allows Taiko to leverage the security and decentralization of Ethereum while improving scalability and reducing transaction costs by processing transactions offchain and aggregating them into a single batch on the Ethereum mainnet.
At the initial stage, Taiko rollup protocol contracts on Ethereum are controlled by a multi-signature agreement. The protocol initially requires SGX proof, with plans to move to requiring 50% of blocks to use ZK* proof as part of a long-term scaling and security strategy.
SGX proofs are a type of proof that uses Intel Software Guard Extensions (SGX) technology to protect the integrity and security of data and processes within Taiko's network. This helps ensure that activities and transactions on the network are protected from attacks and unwanted changes, while enhancing the privacy and security of the system.
“We are extremely excited to finally launch Taiko on the Ethereum mainnet,” said Taiko co-founder and CEO Daniel Wang. “After a long period of effort, we are pleased to provide the most secure technology to scale Ethereum.”
Furthermore, Taiko incorporates a type 1* zero-knowledge virtual machine designed to emulate the Ethereum architecture and includes a multi-proof proof system. This system enhances security by allowing multiple types of evidence to be submitted and contested.

PEPE set a new peak after increasing 142.4%, surpassing UNI and MATIC to climb to position 18
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A wave of optimism has swept into the cryptocurrency sector since last week. With the price recovery and extended bull streak, many altcoin sectors have attracted investor interest. In the memecoin segment, Pepe (PEPE) has become the top talking point as it maintained its upward momentum from last week with an 81.52% gain. 

Notably, memecoin has surpassed UNI, the native token of leading Uniswap DEX, and Polygon's MATIC on Coinmarketcap's market capitalization rankings. With a staggering market capitalization of around $7.2 billion, PEPE has broken into the top 20 and is sitting at number 18.

Over a 30-day period, Pepe showed tremendous growth growing from $0.000006 to $0.000017. With monthly price performance at 142.4%, Pepe has become the third largest memecoin on the market.

With a 12.5% ​​increase over the past 24 hours, PEPE is the third rising token in the top 100. At the time of writing, memecoin is trading at $0.0000172, marking a new all-time high .

Whales and investors are showing increasing interest in Pepe as the price continues to rise. According to a report by LookOnchain, an anonymous wallet with address 0x4d15 achieved a 2,651% ROI after liquidating its PEPE holdings for $663k. 

Bitcoin Price ($BTC ) Will Soon Rise to New ATH, Here's Why?
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Bitcoin (BTC) has seen an interesting week in terms of price movements. It had a notable breakout, breaking through the $67k resistance area on May 20.
On May 23 and 24, Bitcoin retested this zone as support and bounced higher to trade at $69.1k at press time.

1. Social metrics and on-chain activity are weakening
 Bitcoin's Social Volume has been gradually decreasing since March 11. Weighted Sentiment was largely in negative territory throughout May.

2.Demand for Bitcoin is high

In a post on X (formerly Twitter), crypto analyst Axel Adler pointed out that demand is hot. This conclusion is made based on the entity-adjusted transaction count index (number of transactions adjusted by entity).

#EarnFreeCrypto2024

List of approved Ethereum spot ETFs in the US🧧🚀
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Many major investment firms have received the green light from the SEC to list spot Ethereum ETFs in the United States. This is an updated list.

BlackRock

BlackRock, the world's largest asset manager, has received the green light for its iShares Ethereum Trust. They filed an S-1 for this product last November.

Grayscale

Crypto asset management firm Grayscale has received approval from the SEC after filing a proposal in October to convert its Grayscale Ethereum Trust into a spot Ethereum ETF.

Ark Invest/21Shares

Cathie Wood's tech-focused investment management firm, ARK Invest, filed a proposal with the SEC for an Ethereum ETF in September.

VanEck

VanEck Asset Management was the first fund manager to file a proposal for an Ethereum ETF with the SEC in 2021. Later that year, they withdrew their proposal and later refiled.

Hashdex

Hashdex has many crypto ETFs traded in Brazil. In the United States, their Hashdex Bitcoin ETF received the green light from the SEC in January and began trading in March.

Franklin Templeton

Wall Street giant Franklin Templeton entered the race in February when it filed a proposal with the SEC. The company's Franklin Bitcoin ETF launched earlier this year and trades under the ticker EZBC.

Invesco/Galaxy Digital

Asset management giant Invesco filed a proposal with Mike Novogratz's Galaxy Digital for an ETH ETF in September. The S-1 application stated that Invesco would be the sponsor of the product, while Galaxy Digital would “executive agent” – selling ETH to pay the expenses of the Invesco Galaxy Ethereum ETF.

Bitwise

Digital asset investment firm Bitwise filed an S-1 with the SEC to offer a spot Ethereum ETF in March.
Matt Hougan, Chief Investment Officer of Bitwise, has said that he expects ETH ETFs to launch in December – and predicts they will be more successful if approved later in the year. We'll have to see when they actually launch following the May approval.