Alec Tooman eETN

$BTC Bitcoin (BTC) Price and Market Update as of Saturday, May 3, 2025, 4:37 PM IST:
Current Price:
As per the latest data, 1 Bitcoin (BTC) is currently trading at approximately ₹ 8,247,051.68 in Indian Rupees. In USD terms, recent reports indicate prices fluctuating around the $94,000 to $97,000 range. Some sources even suggest Bitcoin briefly surpassed $97,000 and is aiming to recover the $100,000 level.
Market Capitalization:
Bitcoin remains the leading cryptocurrency with a market capitalization of around $1.87 Trillion to $1.93 Trillion. It constitutes a significant portion of the total cryptocurrency market.
Recent News and Analysis:
Several bullish signals have emerged recently, suggesting a potential upward trend for Bitcoin:
* Local Bottom Confirmed: Analysts indicate that Bitcoin has established a strong local bottom, particularly after April closed in the green and reclaimed key technical levels.
* Bullish Ichimoku Cloud: Bitcoin's price closing firmly above the Tenkan, Kijun, and Kumo cloud, with all lines sloping upwards, reinforces a bullish momentum and trend structure.
* Reclaimed Key Resistance: Bitcoin has reportedly reclaimed its April high (around $95,173), which is now acting as a support level.
* Potential Price Targets: Some analysts are eyeing price targets such as $100,000 in the near term and even as high as $135,000 within the next 100 days, based on technical and on-chain indicators.
* Correlation with Global Liquidity: Bitcoin's price action is expected to closely follow global liquidity trends.

#AppleCryptoUpdate It looks like there's some interesting news regarding Apple and cryptocurrency! Here's a quick rundown of the key updates as of today, Saturday, May 3, 2025:
Apple Ordered to Ease App Store Restrictions, Opening Doors for Crypto & NFTs:
* A recent U.S. court ruling has compelled Apple to end its restrictive payment policies on the App Store.
* This means developers can now link to external payment options within their iOS apps, including those powered by cryptocurrencies.
* Apps can also now link to external NFT collections.
* This is seen as a significant boost for Web3 adoption on mobile and could potentially lead to the return of apps like Fortnite that previously clashed with Apple's policies.
Apple Quietly Updates App Store Guidelines:
* Following the court ruling, Apple has updated its App Store guidelines to reflect these changes.
* Developers can now direct users to crypto-based payment systems and operate outside of Apple's in-app purchase ecosystem without needing special entitlements.
Impact on the Crypto Industry:
* This legal shift is considered a major win for crypto and Web3 developers who have faced limitations due to Apple's previous policies and fees

$BTC Bitcoin (BTC) is currently trading around $96,700, showing a significant increase over the past day and week. There's strong optimism in the market, with some analysts predicting a surge towards $100,000 and even higher targets like $105,000 or $150,000 by September.
The market capitalization of Bitcoin is substantial, currently around $1.9 trillion, making it the largest cryptocurrency by a significant margin. Trading volume over the last 24 hours has been active, reflecting the ongoing interest in BTC.
Recent News and Developments:
* Price Momentum: Bitcoin is steadily climbing, approaching the psychological barrier of $100,000. This rally is supported by factors like potential US-China trade talks, which are boosting risk appetite across markets.
* Institutional Interest: Major corporate holders like Strategy Inc. (formerly MicroStrategy) are doubling down on their Bitcoin investments, viewing their stock as a "Bitcoin shortcut." There are also reports of significant Bitcoin ETF inflows, indicating growing institutional demand.
* Market Sentiment: The Crypto Fear & Greed Index has shifted to "greed," suggesting a bullish sentiment among traders.
* Technical Analysis: Technical indicators present a mixed picture. The Relative Strength Index (RSI) is nearing overbought territory, which could signal a potential pullback. However, the Moving Average Convergence Divergence (MACD) shows positive upward momentum.

#SaylorBTCPurchase Saylor's Bitcoin Purchases and Strategy
Michael Saylor, the Executive Chairman of Strategy (formerly MicroStrategy), has been a very vocal and active proponent of Bitcoin, leading his company to adopt a unique strategy of accumulating Bitcoin as its primary treasury reserve asset. Here's a breakdown of Saylor's recent Bitcoin activities and overall strategy:
Recent Bitcoin Purchases by Strategy:
* Significant Purchase in Late April 2025: Strategy acquired 15,355 BTC for approximately $1.4 billion between April 21 and April 27, 2025. The average purchase price was around $92,737 per Bitcoin. This marked one of their largest single-week purchases.
* Holdings as of Late April 2025: As of April 27, 2025, Strategy held a total of 553,555 BTC, acquired for approximately $37.90 billion at an average cost of $68,459 per Bitcoin.
* Continued Accumulation: This recent purchase extends Strategy's streak of Bitcoin acquisitions, demonstrating a consistent commitment to their strategy.
* New Capital Raising Plans: Strategy recently announced plans to raise an additional $21 billion through a common stock equity offering to fund further Bitcoin purchases, doubling their capital plan to $42 billion for equity and $42 billion for fixed income dedicated to Bitcoin acquisitions.
Michael Saylor's Bitcoin Investment Strategy:

#DigitalAssetBill The term "Digital Asset Bill" can refer to different legislative initiatives in various countries aimed at regulating digital assets. Here's a breakdown of the situation in India and some other relevant developments:
India
In India, while there isn't a specific, standalone "Digital Asset Bill" that has been enacted, the government has introduced significant provisions related to Virtual Digital Assets (VDAs) through the Income Tax Bill, 2025. This bill, building upon the Finance Act, 2022, establishes a comprehensive legal framework for the taxation of VDAs.
Key aspects of the VDA framework in India:
* Definition of VDAs: The Income Tax Bill, 2025 explicitly defines VDAs under Section 2(111), which includes crypto assets, Non-Fungible Tokens (NFTs), and similar digital assets.
* VDAs as Property and Capital Assets: The bill treats VDAs as both property (under Section 92(5)(f)) and capital assets (under Section 76(1)). This classification brings gains from their sale, transfer, or exchange under capital gains tax provisions.
* Taxation of VDA Transfers: A flat 30% tax is imposed on income derived from the transfer of VDAs. Notably, unlike traditional capital assets, no deductions (other than the cost of acquisition) are allowed. For example, if you buy Ethereum for ₹5 lakh and sell it for ₹7 lakh, the ₹2 lakh profit is taxed at 30%, with no deductions for transaction costs.
* Tax Deducted at Source (TDS): A 1% TDS is applicable to the transfer of VDAs, even in peer-to-peer (P2P) transactions, to help track large crypto transactions. The threshold for TDS exemption is ₹50,000 for small traders and ₹10,000 for others.
* Taxation of Undisclosed Income: Failure to report VDA holdings can lead to their classification as undisclosed income, subject to relevant tax penalties. Tax authorities also have the power to seize VDAs during investigations of tax evasion, similar to other assets like cash or gold.

$USDC USDC stands for USD Coin. It is a fiat-backed stablecoin which means its value is designed to be pegged to the value of a fiat currency, in this case, the US dollar (USD). The goal is for 1 USDC to be worth approximately $1.
Here's a breakdown of what that means:
* Stablecoin: A type of cryptocurrency designed to have a stable value relative to a specific asset, often a fiat currency like the USD. This contrasts with more volatile cryptocurrencies like Bitcoin or Ethereum.
* Fiat-backed: USDC's value is maintained by holding reserves of the traditional financial system, primarily cash and cash equivalents held in regulated U.S. financial institutions. Circle, the issuer of USDC, states that each USDC is backed by one dollar or an asset with equivalent fair value.
* 1:1 Peg: USDC is designed to be redeemable 1:1 for US dollars. This means that for every USDC in circulation, there should be an equivalent amount of USD or dollar-denominated assets held in reserve.
* Transparency: Circle publishes monthly reserve attestations by a major accounting firm to provide transparency about the backing of USDC.
Key things to know about USDC:
* Issuer: USDC was initially launched by the Centre Consortium, a partnership between Circle and Coinbase. Now, Circle is the sole responsible entity for USDC.
* Regulation: Circle, as the issuer, aims to comply with regulatory frameworks and has obtained necessary licenses to operate.
* Multiple Blockchains: USDC is available on various blockchain networks, including Ethereum, Solana, Avalanche, TRON, Algorand, and others, promoting interoperability.
* Use Cases: USDC is used for various purposes, including:
* Trading: Providing a stable asset for cryptocurrency traders during market volatility.
* Payments: Facilitating lower-cost and faster global transactions.
* Decentralized Finance (DeFi): Used in lending, borrowing, and other DeFi protocols.
*

#StablecoinPayments Stablecoin payments are digital transactions conducted using stablecoins. Stablecoins are a type of cryptocurrency designed to maintain a stable value relative to a specific asset, typically a fiat currency like the US dollar. This stability makes them more suitable for everyday transactions and payments compared to more volatile cryptocurrencies like Bitcoin or Ethereum.
Key Aspects of Stablecoin Payments:
* Stability: The core feature of stablecoins is their price stability. This is usually achieved through various mechanisms, such as:
* Fiat-backed: Holding reserves of fiat currency equivalent to the issued stablecoins (e.g., USDC, USDT). For instance, for every USDC in circulation, there is a corresponding amount of US dollars held in reserve.
* Crypto-backed: Using other cryptocurrencies as collateral, often in an over-collateralized manner to absorb price fluctuations (e.g., DAI).
* Algorithmic: Employing algorithms and smart contracts to manage the supply and demand of the stablecoin to maintain its peg (though some algorithmic stablecoins have faced stability challenges).
* Efficiency and Speed: Stablecoin transactions on blockchain networks can often be faster and cheaper than traditional payment methods, especially for cross-border transfers. For example, sending $200 from the U.S. to Colombia using stablecoins can cost less than $0.01, compared to over $12 using traditional methods.
* Accessibility: Stablecoins can provide access to digital payments for individuals who may be unbanked or underbanked, as they only require a cryptocurrency wallet.

#AirdropSafetyGuide Airdrop Safety Guide: Navigating the World of Free Crypto
Airdrops can be an exciting way to potentially earn free cryptocurrency tokens or NFTs. However, like many aspects of the crypto world, they also attract scammers. To participate safely in airdrops, it's crucial to be vigilant and follow some essential safety guidelines.
Understanding Airdrop Risks
Before diving in, it's important to understand the common risks associated with crypto airdrops:
* Phishing Scams: Scammers create fake websites or social media profiles that mimic legitimate airdrops to trick you into revealing your private keys or seed phrases, which can lead to the theft of your funds.
* Fake Airdrops: Some airdrops are entirely fabricated to collect your personal information or get you to connect your wallet to a malicious decentralized application (dApp) that can drain your assets.
* Upfront Fees: Legitimate airdrops will almost never ask you to pay any fees to participate or receive the tokens. Any request for upfront payment is a major red flag.
* Data Theft: Some fake airdrops collect sensitive personal information through registration forms, which can then be used for identity theft or other malicious purposes.

$SOL SOL refers to Solana, a high-performance blockchain platform focused on scalability. Here's a breakdown of what you might be interested in:
What is Solana?
* Solana is a single-chain, delegated Proof-of-Stake (PoS) blockchain.
* It aims to provide scalability without sacrificing decentralization or security.
* A key innovation is its Proof-of-History (PoH) consensus mechanism, which works in conjunction with PoS to achieve high speeds.
* Solana can reportedly handle thousands of transactions per second (TPS) with low transaction fees.
* It supports smart contracts and decentralized applications (dApps), similar to Ethereum.
* The native cryptocurrency of the Solana blockchain is also called SOL.
SOL Cryptocurrency:
* Price: The live price of SOL is currently around ₹12,658 - ₹12,830 in Indian Rupees (INR) and approximately $145 - $148 in US Dollars (USD). Keep in mind that cryptocurrency prices are highly volatile and can change rapidly. You can check real-time prices on various cryptocurrency exchanges like Binance, CoinSwitch PRO, Mudrex, ZebPay, and CoinGecko.

#AltcoinETFsPostponed It appears there have been further delays regarding the approval of several altcoin Exchange Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Here's a summary of the recent developments:
* Multiple Altcoin ETF Decisions Postponed: On April 29, 2025, the SEC delayed decisions on multiple spot cryptocurrency ETFs, including those for Solana (SOL), XRP, Hedera (HBAR), and Dogecoin (DOGE). Earlier, a decision on Polkadot (DOT) was also postponed.
* Franklin Templeton XRP ETF: The decision on Franklin Templeton's spot XRP ETF has been specifically extended to June 17, 2025. The SEC stated it needs more time to evaluate the proposed rule change.
* Bitwise Dogecoin ETF: The SEC has also postponed its decision on Bitwise's Dogecoin ETF application, with the next deadline being June 15.
* Procedural Delays: Analysts suggest these delays are standard procedure for the SEC and do not necessarily indicate that the ETFs will ultimately be rejected. The final deadlines for many of these applications are in October 2025 or later.

#Trump100Days Donald Trump's first 100 days of his second term have been marked by a series of significant policy actions and public events. Here's a breakdown of key aspects:
Key Themes and Actions:
* Immigration:
* A strong focus on border security and increased deportation efforts.
* Statements and actions emphasizing a hard-line stance on illegal immigration.
* Implementation of policies aimed at restricting immigration.
* Economic Policy:
* Emphasis on "America First" trade policies, including the use of tariffs.
* Efforts to deregulate various sectors of the economy.
* Tax policy changes.
* Executive Orders:
* A high volume of executive orders addressing a wide range of issues.
* These orders have reshaped federal bureaucracy and enacted policy changes without congressional approval.
* Political Rallies:
* Continued engagement in campaign-style rallies, using them to communicate with supporters and criticize opponents.
* These rallies have been used to mark the 100 day milestone.
* Legal Challenges:
* Many of the administrations

Explore my portfolio mix. Follow to see how I invest!That sounds interesting! I'd be happy to explore your portfolio mix with you. However, as a large language model, I don't have access to your personal information, including your investment portfolio. Sharing that kind of detail would also raise privacy concerns.
To explore your portfolio, you'll need to describe it to me. For example, you could tell me about:
* The types of assets you hold: Stocks, bonds, real estate, mutual funds, ETFs, cryptocurrency, etc.
* The allocation percentages: Roughly what percentage of your portfolio is in each asset class?
* Your investment goals: Are you saving for retirement, a down payment on a house, or something else?
* Your risk tolerance: Are you comfortable with higher potential volatility for potentially higher returns, or do you prefer a more conservative approach?
* Your time horizon: How long do you plan to invest?
Once you provide me with some details, I can offer some general insights and perspectives based on common investment principles. Keep in mind that I'm an AI and cannot provide financial advice. For personalized recommendations, it's always best to consult with a qualified financial advisor.
I'm looking forward to hearing more about your investment approach!

#ArizonaBTCReserve #ArizonaBTCReserve proposal or idea for the state of Arizona to hold Bitcoin as part of its state treasury or investment portfolio. This idea has emerged within the broader discussion of cryptocurrency adoption by governments and institutions.

Explore my portfolio mix. Follow to see how I invest!

$BTC $BTC
Repeatedly hovering between 9.3 and 9.5, it's estimated that a crash is imminent. Funds have been gradually entering the market these past two days, and a sharp rise or fall trend is about to come back.
Currently, I am still holding a bullish view. If we can break through 9.6, then 9.8 is also possible. Looking down, the range around 8.8 to 8.5 is still very attractive. In short, one saying: it will be a long time before it dies, but if it does, it will be in vain. I added to my position at 9.5, let's wait and see.
Friends who enjoy charting can follow along more closely.

#AirdropStepByStep #AirdropStepByStep
Participating in a crypto airdrop can be a great way to earn free tokens, but doing it right is important. First, make sure you follow the official announcement channels of the project to avoid scams. Second, prepare your wallet — most airdrops require a non-custodial wallet like MetaMask or Trust Wallet. Next, complete the required tasks such as following social media accounts, joining Telegram groups, or submitting your wallet address. Always double-check details before sharing personal info. Lastly, be patient — tokens are often distributed weeks after the campaign ends. Airdrops reward early support

#AbuDhabiStablecoin Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin.
💬 What’s your take on states holding Bitcoin? Could this set a precedent for others to follow? Share your thoughts!
 
#AbuDhabiStablecoin
Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin fully regulated by the UAE Central Bank. This move is part of a broader national strategy to accelerate the growth of the digital asset economy in the region.
💬 How do you see government-backed stablecoins shaping the future of crypto and global payments? Share your views

#AirdropFinderGuide Binance has just launched Megadrop an exciting new feature blending the best of token launches, airdrops, and Web3 exploration. With Megadrop, users can unlock exclusive token rewards simply by completing simple Web3 tasks or subscribing BNB to Locked Products. It’s your chance to access promising new projects early, while earning even before trading begins. Whether you’re a seasoned trader or a curious beginner, Megadrop makes participating easy and rewarding. Stay ahead of the game, explore new ecosystems, and grow your crypto portfolio with zero hassle. Ready to dive in? Binance Megadrop is waiting for you!
#AirdropFinderGuide

$BTC $BTC is it late to enter for long on spot ? Sold mine at 92,000

#TrumpTaxCuts #TrumpTaxCuts Donald Trump just announced massive income tax cuts funded by new tariffs—and some Americans could pay ZERO income tax!**
In a historic move, Trump revealed one of the most aggressive tax reforms ever, sparking a surge of optimism around **$TRUMP**-backed assets and political-themed tokens.
### **🔥 Key Highlights:**
✅ **New tariffs to fund sweeping tax cuts**
✅ **Millions of Americans could pay **ZERO** income tax**
✅ **Bullish momentum building for $TRUMP & political crypto**
**Will this ignite a new rally in politically-linked crypto?** Stay tuned for updates..