mks223

#JELLYJELLYFuturesAlert A whale dumped $4.85M in $JELLY, causing a $12M loss for Hyperliquid’s HLP. Then, Hyperliquid delisted $JELLY—what happened? Full breakdown inside.
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## **💥 What Went Down with $JELLY?**
A crypto whale holding **124.6M $JELLY ($4.85M)** pulled off a brutal **pump-and-dump**, crushing Hyperliquid’s **Hyperliquidity Provider (HLP)** with a **$12M loss**. Here’s how it unfolded:
1️⃣ **Whale dumps $JELLY**, crashing the price.
2️⃣ **HLP gets trapped in a short position**, taking massive losses.
3️⃣ **Whale rebuys cheap**, triggering a short squeeze.
4️⃣ **Hyperliquid suddenly delists $JELLY**, closing all positions at **$0.0095**—locking in a **$700K profit** for themselves.
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## **📌 Key Takeaways:**
🔹 **Market Manipulation Risk** – Even HLP (liquidity providers) aren’t safe from whale moves.
🔹 **Exchange Vulnerabilities** – Hyperliquid’s sudden delisting raises questions about trader protection.
🔹 **DYOR is Crucial** – Low-cap tokens like $JELLY can be prime targets for manipulation.
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## **👑 Key Opinion Reaction**
*"This is a brutal reminder of how fragile liquidity can be in low-cap markets. Exchanges need better safeguards against whale manipulation—traders shouldn’t be left holding the bag."* – [@Orocryptotrends]
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## **💬 Join the Discussion!**
Was Hyperliquid’s delisting fair? Should exchanges do more to protect against whale dumps?
🗨️ **Share your thoughts in the comments!**
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## **🎓 Lessons for Traders**
✅ **Avoid overexposure** to low-cap tokens with weak liquidity.
✅ **Watch for unusual volume spikes**—they often signal manipulation.
✅ **Use stop-losses** to limit downside in volatile markets.
💡 **Pro Tip:** If a token gets delisted, you could be forced to close at a bad price—always have an exit plan!
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## **🚀 Stay Ahead of the Game**
Want more deep dives on market moves like this?

$ETH Ethereum Open Interest, March 2025 | Source: Ethereum’s open interest dropped to a weekly low of $17.3 billion on March 10 but has since rebounded significantly. Speculative traders have been injecting fresh capital into ETH futures markets, signaling renewed confidence. As of Thursday, This influx of capital suggests that traders are positioning for further upside in April, potentially setting the stage for a bullish breakout. Ethereum liquidation map signals a battle between $1,950 support and $2,050 resistance Beyond open interest, Ethereum’s 30-day liquidation map highlights another key factor supporting a bullish outlook. This map tracks the total leverage deployed at critical ETH price levels, offering insight into potential price movements. Currently, ETH bulls have committed $3.3 billion in active long positions, compared to $2.95 billion in short positions. This creates a $3.05 billion long-side advantage, reflecting a 10% dominance over bearish traders. The data confirms that the majority of active traders in Ethereum’s derivatives markets are leaning bullish. Ethereum price forecast: Major resistance at $2,100 could dictate next breakout Despite the bullish sentiment, Ethereum’s liquidation map reveals leverage clusters that could impact price movements in the coming days. On the bearish side, $1,974 remains a critical support level, with $486 million in leveraged positions concentrated at that price. If ETH price drops below this level, cascading liquidations could send prices toward the next major support at $1,864, where traders have deployed $2.37 billion in leverage. Ethereum Open Interest, March 2025 | Source: Coinglass On the bullish side, resistance at $2,037—where $203.6 million in leveraged short positions is concentrated—poses the first challenge. A sustained close above this level could pave the way for a breakout toward $2,110, where the largest bearish cluster of $1.25 billion sits. Overcoming this resistance could set the stage for ETH to test the $2,500 range as April 2025 approaches.

$ETH

Ethereum Open Interest, March 2025 | Source:
Ethereum’s open interest dropped to a weekly low of $17.3 billion on March 10 but has since rebounded significantly. Speculative traders have been injecting fresh capital into ETH futures markets, signaling renewed confidence.
As of Thursday, This influx of capital suggests that traders are positioning for further upside in April, potentially setting the stage for a bullish breakout.
Ethereum liquidation map signals a battle between $1,950 support and $2,050 resistance
Beyond open interest, Ethereum’s 30-day liquidation map highlights another key factor supporting a bullish outlook. This map tracks the total leverage deployed at critical ETH price levels, offering insight into potential price movements.
Currently, ETH bulls have committed $3.3 billion in active long positions, compared to $2.95 billion in short positions. This creates a $3.05 billion long-side advantage, reflecting a 10% dominance over bearish traders. The data confirms that the majority of active traders in Ethereum’s derivatives markets are leaning bullish.
Ethereum price forecast: Major resistance at $2,100 could dictate next breakout
Despite the bullish sentiment, Ethereum’s liquidation map reveals leverage clusters that could impact price movements in the coming days.
On the bearish side, $1,974 remains a critical support level, with $486 million in leveraged positions concentrated at that price. If ETH price drops below this level, cascading liquidations could send prices toward the next major support at $1,864, where traders have deployed $2.37 billion in leverage.
Ethereum Open Interest, March 2025 | Source: Coinglass
On the bullish side, resistance at $2,037—where $203.6 million in leveraged short positions is concentrated—poses the first challenge.
A sustained close above this level could pave the way for a breakout toward $2,110, where the largest bearish cluster of $1.25 billion sits. Overcoming this resistance could set the stage for ETH to test the $2,500 range as April 2025 approaches.

BTC GO LIVE 🚥In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly. Why IBTC stands out Per an earlier report from U.Today, analysts anticipate the new spot Bitcoin ETF in Australia to generate inflows of about $1 billion. Samson Mow, the CEO of Bitcoin technology company JAN3, highlighted IBTC’s unique position on the ETF market. First, he noted that the Monochrome spot Bitcoin ETF offers global investors direct in-kind creation or redemption. This feature allows them to directly exchange their Bitcoin for units of the ETF (IBTC) and vice versa, globally. This is quite different from other Bitcoin ETFs, especially those offered in the U.S. and Hong Kong, where investors typically deal with Authorized Participants (APs), who act as intermediaries. $IBTC from @MonochromeAsset is now live on Cboe. It’s the first Australian ETF to hold #Bitcoin directly but moreover it uniquely offers in-kind creation/redemption for global investors DIRECTLY, not just APs. US and HK ETFs don’t have this (yet). Competition is heating up. 🔥🇦🇺 https://t.co/CGxpx5 Zc 024 l. rs s. s. For Bitcoin miners, this feature could be a game-changer to help expand their operations. Bitcoin miners might use the IBTC borrowing option to access capital without selling their Bitcoin holdi In addition, Bitcoin holdings of the ETF would not need to leave cold storage, even when borrowed against. This eliminates the risk of investors losing their Bitcoin holdings due to hacks or other security iss Compared to borrowing through pure coin loans, Mow emphasized that using IBTC as collateral offers potential advantages as it is considered a more established financial product. According to him, borrowing through IBTC might come with a better loan-to-value ratio (LVR) and lower interest rates than traditional pure coin lo Benefits of IBTC for borrowers and Bitcoin mi Mow added that Monochrome also partnered with lending institutions in Australia to make its Bitcoin ETF an eligible security for sophisticated investors. As a result, they will be permitted to borrow money against their ETF holdings, using IBTC as collate — Samson Mow (@Excellion) June 4, {future}(BTCUSDT)

BTC GO LIVE 🚥

In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly.

Why IBTC stands out

Per an earlier report from U.Today, analysts anticipate the new spot Bitcoin ETF in Australia to generate inflows of about $1 billion.

Samson Mow, the CEO of Bitcoin technology company JAN3, highlighted IBTC’s unique position on the ETF market. First, he noted that the Monochrome spot Bitcoin ETF offers global investors direct in-kind creation or redemption.

This feature allows them to directly exchange their Bitcoin for units of the ETF (IBTC) and vice versa, globally. This is quite different from other Bitcoin ETFs, especially those offered in the U.S. and Hong Kong, where investors typically deal with Authorized Participants (APs), who act as intermediaries.

$IBTC from @MonochromeAsset is now live on Cboe. It’s the first Australian ETF to hold #Bitcoin directly but moreover it uniquely offers in-kind creation/redemption for global investors DIRECTLY, not just APs. US and HK ETFs don’t have this (yet). Competition is heating up. 🔥🇦🇺 https://t.co/CGxpx5

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For Bitcoin miners, this feature could be a game-changer to help expand their operations. Bitcoin miners might use the IBTC borrowing option to access capital without selling their Bitcoin holdi

In addition, Bitcoin holdings of the ETF would not need to leave cold storage, even when borrowed against. This eliminates the risk of investors losing their Bitcoin holdings due to hacks or other security iss

Compared to borrowing through pure coin loans, Mow emphasized that using IBTC as collateral offers potential advantages as it is considered a more established financial product. According to him, borrowing through IBTC might come with a better loan-to-value ratio (LVR) and lower interest rates than traditional pure coin lo

Benefits of IBTC for borrowers and Bitcoin mi
Mow added that Monochrome also partnered with lending institutions in Australia to make its Bitcoin ETF an eligible security for sophisticated investors. As a result, they will be permitted to borrow money against their ETF holdings, using IBTC as collate

— Samson Mow (@Excellion) June 4,

Bearish

The Cardano community has been abuzz with humor and speculation as ADA remains steadfast around the $0.45 mark. Such price stability has spawned a number of memes and jokes, with enthusiasts referring to the token as a "stablecoin."

One particularly popular meme shows the Grim Reaper knocking on doors labeled $0.45 per ADA token, symbolizing the token's stable price level.

This wave of humor has not gone unnoticed by Charles Hoskinson, the founder of Cardano. Known for rarely addressing the ADA price directly, Hoskinson made an exception and joined in the community's lighthearted take on the situation. He pinned his own version of the Grim Reaper meme, depicting Death in disbelief at ADA's unyielding price. While humorous, Hoskinson's response subtly acknowledged the frustration and curiosity surrounding ADA's price movements.

https://t.co/miCNvBOWwS pic.twitter.com/G0k5atQlo5

— Charles Hoskinson (@IOHK_Charles) June 2, 2024
Cardano (ADA) price outlook

Historically, ADA has experienced similar periods of price stagnation. A look at its monthly chart reveals a pattern of prolonged stability at certain price points. Five years ago, ADA hovered around $0.04, and in 2021, it hovered near $1 per token. The current price level of $0.45 is not unprecedented; it has tested traders' patience before. However, unlike the downward trajectory of two years ago, the current trend appears to be upward.

The critical question on the minds of Cardano enthusiasts is whether this stability indicates a bullish accumulation phase. If ADA is indeed poised for an upward surge, the waiting perio#Megadrop #BlackRock #altcoins

ADA

BTC price explosion $BTC Bitcoin (BTC) continues to cling to the $67,000 mark, with bears and bulls failing to push the maiden cryptocurrency’s price in either direction significantly. Amid the standoff, crypto trading expert TradingShot has pointed out that chart patterns indicate a possible explosive Bitcoin price breakout. In a TradingView post on May 31, the expert noted that Bitcoin is on the verge of completing the right shoulder of the inverse head and shoulders (IH&S) pattern, a bullish indicator that emerged following the cryptocurrency’s all-time high on March 14. The IH&S pattern, a well-known bullish reversal formation, suggests a shift from a downtrend to an uptrend. The formation comprises three parts: the left shoulder, the head, and the right shoulder. Therefore, completing the right shoulder signals the potential start of a significant upward move. Additionally, the current price movement is contained within an upward channel. This “Channel Up” pattern has shown a previous bullish leg peaking at 19.50%, followed by two bearish legs of approximately -8% each, reinforcing the structural symmetry in Bitcoin’s price movements. Support zones resilience The analysis also highlighted distinct support and resistance zones within the IH&S pattern. Support zone one has demonstrated resilience, holding firm twice since May 23. This suggests a strong buying interest at this level, providing a foundation for the anticipated bullish move. At the same time, the analyst noted that the 50-day moving average is another critical indicator. As long as Bitcoin’s price remains above this moving average, the bullish trend is expected to persist, likely culminating in a price near the $80,000 level. As a result, as long as it holds along with the 1D MA50, the trend remains bullish, and the IH&S technical dynamics target the 2.0 Fibonacci extension at $89,000. However, we keep at the moment a shorter term perspective, and before 89k, we will aim at $79,500, which would be a +19.50% rise, similar to the Channel’s previous Bullish Leg,” the expert said. Bitcoin’s failed attempt towards $70,000

BTC price explosion

$BTC Bitcoin (BTC) continues to cling to the $67,000 mark, with bears and bulls failing to push the maiden cryptocurrency’s price in either direction significantly.
Amid the standoff, crypto trading expert TradingShot has pointed out that chart patterns indicate a possible explosive Bitcoin price breakout.
In a TradingView post on May 31, the expert noted that Bitcoin is on the verge of completing the right shoulder of the inverse head and shoulders (IH&S) pattern, a bullish indicator that emerged following the cryptocurrency’s all-time high on March 14. The IH&S pattern, a well-known bullish reversal formation, suggests a shift from a downtrend to an uptrend. The formation comprises three parts: the left shoulder, the head, and the right shoulder. Therefore, completing the right shoulder signals the potential start of a significant upward move.
Additionally, the current price movement is contained within an upward channel. This “Channel Up” pattern has shown a previous bullish leg peaking at 19.50%, followed by two bearish legs of approximately -8% each, reinforcing the structural symmetry in Bitcoin’s price movements.
Support zones resilience
The analysis also highlighted distinct support and resistance zones within the IH&S pattern. Support zone one has demonstrated resilience, holding firm twice since May 23. This suggests a strong buying interest at this level, providing a foundation for the anticipated bullish move.
At the same time, the analyst noted that the 50-day moving average is another critical indicator. As long as Bitcoin’s price remains above this moving average, the bullish trend is expected to persist, likely culminating in a price near the $80,000 level. As a result, as long as it holds along with the 1D MA50, the trend remains bullish, and the IH&S technical dynamics target the 2.0 Fibonacci extension at $89,000. However, we keep at the moment a shorter term perspective, and before 89k, we will aim at $79,500, which would be a +19.50% rise, similar to the Channel’s previous Bullish Leg,” the expert said. Bitcoin’s failed attempt towards $70,000

$ETH DN-404 is an experimental Ethereum token standard designed to address the limitations of its predecessor, ERC-404, by enhancing tokenized assets’ efficiency, scalability, and interoperability. DN-404, short for “Divisible NFT-404,” was developed by blockchain engineers and industry experts to improve the ERC-404 standard. ERC-404 aimed to integrate ERC-20 fungible tokens and ERC-721 NFTs to facilitate the fractionalization of NFTs. However, ERC-404 faced significant challenges, including increased Ethereum transaction fees and limited scalability, which hindered its practical application. DN-404 leverages innovative consensus mechanisms and smart contract protocols to enhance scalability within decentralized networks by improving transaction throughput and reducing costs. Additionally, the standard incorporates robust governance mechanisms, allowing token holders to participate in decision-making processes, such as protocol upgrades, parameter adjustments, and voting on key proposals. Unlike ERC-404, primarily confined to the Ethereum blockchain, DN-404 facilitates seamless interoperability across multiple blockchain networks, enabling frictionless asset transfers and cross-chain transactions. DN-404 prioritizes security and transparency through stringent auditing protocols and cryptographic mechanisms, ensuring the integrity and reliability of the token standard. It also introduces standardized tokenomics parameters, simplifying the token creation and management process for developers and ensuring consistency and compatibility across different applications. The technical implementation of DN-404 involves two distinct contracts: a base ERC-20 token and a mirrored ERC-721 token. This bifurcated approach allows for the efficient management of both fungible and non-fungible assets. Most trading occurs on the base ERC-20 token, representing fractions of the NFTs. When users accumulate a sufficient base token, they automatically receive a corresponding NFT, represented by the mirror ERC-721 token.

$ETH DN-404 is an experimental Ethereum token standard designed to address the limitations of its predecessor, ERC-404, by enhancing tokenized assets’ efficiency, scalability, and interoperability.

DN-404, short for “Divisible NFT-404,” was developed by blockchain engineers and industry experts to improve the ERC-404 standard. ERC-404 aimed to integrate ERC-20 fungible tokens and ERC-721 NFTs to facilitate the fractionalization of NFTs. However, ERC-404 faced significant challenges, including increased Ethereum transaction fees and limited scalability, which hindered its practical application.

DN-404 leverages innovative consensus mechanisms and smart contract protocols to enhance scalability within decentralized networks by improving transaction throughput and reducing costs. Additionally, the standard incorporates robust governance mechanisms, allowing token holders to participate in decision-making processes, such as protocol upgrades, parameter adjustments, and voting on key proposals. Unlike ERC-404, primarily confined to the Ethereum blockchain, DN-404 facilitates seamless interoperability across multiple blockchain networks, enabling frictionless asset transfers and cross-chain transactions.

DN-404 prioritizes security and transparency through stringent auditing protocols and cryptographic mechanisms, ensuring the integrity and reliability of the token standard. It also introduces standardized tokenomics parameters, simplifying the token creation and management process for developers and ensuring consistency and compatibility across different applications.

The technical implementation of DN-404 involves two distinct contracts: a base ERC-20 token and a mirrored ERC-721 token. This bifurcated approach allows for the efficient management of both fungible and non-fungible assets. Most trading occurs on the base ERC-20 token, representing fractions of the NFTs. When users accumulate a sufficient base token, they automatically receive a corresponding NFT, represented by the mirror ERC-721 token.

#btc70k A crypto strategist who accurately predicted the current Bitcoin downtrend has shown where the price is headed from here. If the analyst’s prediction is anything to go by, then the decline in the crypto market may only just be in its beginning stages. Bearish Indicators Pile Up For A Bitcoin Crash Earlier this week, when the crypto market was still euphoric with the Bitcoin climb above $70,000, crypto analyst Xanrox was one of the few who called a possible decline in price. The analyst took to the TradingView website to share this analysis, where he showed that indicators point to a Bitcoin price retrace. According to the analyst’s initial post, Bitcoin is going to crash in June and the reason lie in the price action that was seen in May. One of the indicators that Xanrox points to is the “FVGAP” that was created at $62,000, and as the analyst explains, this can signal a bullish trend for the digital asset. This is mainly because this gap that was created at $62,000 are filled out “sooner rather than later,” suggesting that the retrace could be happening soon. Another indicator that the analyst points to is the Elliott Wave perspective, pointing out that the Bitcoin price has finished the first impulsive Wave 1. Naturally, as the market moves in waves, the next wave, Wave 2, is expected to be bullish. But that is not all, as Xanrox points out the creation of a corrective ABC pattern from here. Last but not least, the analyst points out a small red trend line that has formed in the chart and is already breaking down. Such breakdowns in the trend line are bearish; add in the rising wedge pattern that the analyst sees in the chart, and it seems to be a perfect recipe for a decline. Xanrox initially posted his analysis on Wednesday, May 29, and since then, the Bitcoin price has broken down below $68,000, suggesting this prediction could come to pass. As a result, the analyst has now updated the post, showing where the price could be headed next. $BTC

Bearish

#btc70k A crypto strategist who accurately predicted the current Bitcoin downtrend has shown where the price is headed from here. If the analyst’s prediction is anything to go by, then the decline in the crypto market may only just be in its beginning stages.
Bearish Indicators Pile Up For A Bitcoin Crash
Earlier this week, when the crypto market was still euphoric with the Bitcoin climb above $70,000, crypto analyst Xanrox was one of the few who called a possible decline in price. The analyst took to the TradingView website to share this analysis, where he showed that indicators point to a Bitcoin price retrace.
According to the analyst’s initial post, Bitcoin is going to crash in June and the reason lie in the price action that was seen in May. One of the indicators that Xanrox points to is the “FVGAP” that was created at $62,000, and as the analyst explains, this can signal a bullish trend for the digital asset. This is mainly because this gap that was created at $62,000 are filled out “sooner rather than later,” suggesting that the retrace could be happening soon.
Another indicator that the analyst points to is the Elliott Wave perspective, pointing out that the Bitcoin price has finished the first impulsive Wave 1. Naturally, as the market moves in waves, the next wave, Wave 2, is expected to be bullish. But that is not all, as Xanrox points out the creation of a corrective ABC pattern from here.
Last but not least, the analyst points out a small red trend line that has formed in the chart and is already breaking down. Such breakdowns in the trend line are bearish; add in the rising wedge pattern that the analyst sees in the chart, and it seems to be a perfect recipe for a decline. Xanrox initially posted his analysis on Wednesday, May 29, and since then, the Bitcoin price has broken down below $68,000, suggesting this prediction could come to pass. As a result, the analyst has now updated the post, showing where the price could be headed next.

$BTC

#altcoins GammaSwap, the developer of the earliest perpetual options on-chain, has disclosed a new partnership. The platform has revealed that it is joining forces with Puffer Finance, an Ethereum-aligned protocol for liquid staking, to improve the experience of its users. The company took to the social media forum X to inform the community about this partnership. We are excited to announce our collaboration with @puffer_finance 🐡 1% of the total $GS supply will go to pufETH holders, 20% as part of an airdrop and 80% as part of liquidity mining post TGE GammaSwap Commences a Partnership with Puffer Finance for an Improved User Experience In its latest post, the firm pointed out that this endeavor would provide significant benefits to the users. According to GammaSwap, it has allocated up to one percent of the cumulative $GS supply for people holding pufETH. In addition to this, it also mentioned that nearly twenty percent of the tokens will take part in an airdrop. However, it added that a huge amount of almost eighty percent will move toward liquidity mining after TGE. The platform clarified that it intends to revolutionize cryptocurrency derivatives that establish perpetual options forums by transforming AMMs. The firm indicated that perpetual options do not have any fragmentation across expiry or strike price. In this way, the platform permits the trading parties to benefit from any coin without depending on an oracle. The company also discussed the exclusive features of Puffer based on which it started this partnership. It asserted that Puffer stands among the market-leading entities in the ecosystem of liquid restaking. It also stated that the company has a total value locked of up to 1.75 billion worth. Apart from that, it also reportedly possesses an enthusiastic roadmap concerning the EigenLayer ecosystem. In an exclusive blog post on Medium, GammaSwap offered insights into the respective endeavor. The platform introduced the tokenomics of its native token $GS. Along with that, it also brought to the front the incentives for farming and staking.

Bullish

#altcoins GammaSwap, the developer of the earliest perpetual options on-chain, has disclosed a new partnership. The platform has revealed that it is joining forces with Puffer Finance, an Ethereum-aligned protocol for liquid staking, to improve the experience of its users. The company took to the social media forum X to inform the community about this partnership.

We are excited to announce our collaboration with @puffer_finance 🐡

1% of the total $GS supply will go to pufETH holders, 20% as part of an airdrop and 80% as part of liquidity mining post TGE

GammaSwap Commences a Partnership with Puffer Finance for an Improved User Experience

In its latest post, the firm pointed out that this endeavor would provide significant benefits to the users. According to GammaSwap, it has allocated up to one percent of the cumulative $GS supply for people holding pufETH. In addition to this, it also mentioned that nearly twenty percent of the tokens will take part in an airdrop. However, it added that a huge amount of almost eighty percent will move toward liquidity mining after TGE.

The platform clarified that it intends to revolutionize cryptocurrency derivatives that establish perpetual options forums by transforming AMMs. The firm indicated that perpetual options do not have any fragmentation across expiry or strike price. In this way, the platform permits the trading parties to benefit from any coin without depending on an oracle.

The company also discussed the exclusive features of Puffer based on which it started this partnership. It asserted that Puffer stands among the market-leading entities in the ecosystem of liquid restaking. It also stated that the company has a total value locked of up to 1.75 billion worth. Apart from that, it also reportedly possesses an enthusiastic roadmap concerning the EigenLayer ecosystem.
In an exclusive blog post on Medium, GammaSwap offered insights into the respective endeavor. The platform introduced the tokenomics of its native token $GS. Along with that, it also brought to the front the incentives for farming and staking.

US Republican presidential candidate Donald Trump has apparently changed his mind about Bitcoin. The former Commander-in-chief previously said he’s “not a fan of Bitcoin,” said it “seems like a scam,” and claims it “can facilitate unlawful behavior, including drug trade and other illegal activity.” However, he’s now claiming that he’s “fine” and “good” with the world’s leading crypto and that its future “will be made in the USA.” The about-face took a few years. As the US President on July 11, 2019, Trump tweeted clearly, “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity… We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!” Two years later, Trump’s views on Bitcoin hadn’t changed. He remained decidedly negative. On June 7, 2021, he answered a question about Bitcoin on live TV. “Bitcoin — it just seems like a scam. I don’t like it because it is another currency competing against the dollar. Essentially, it is a currency competing against the dollar. I want the dollar to be the currency of the world. That’s what I’ve always said.” Trump makes crypto millions, stops attacking Bitcoin over the past three years, Trump has changed his tune. Indeed, during the 2021 NFT boom, he made a few million dollars from selling digital cards and has since launched several additional collections. And on May 8 this year, at a paid event at Mar-A-Lago, Trump discussed his views on crypto with owners of his Trump Digital Trading Cards MugShot Edition Commemorative Dinner NFTs. Speaking to owners of these tokens, he lamented crypto entrepreneurs “moving out of the US because of hostility toward crypto.” He promised, “We have to let them be here.

Bearish

US Republican presidential candidate Donald Trump has apparently changed his mind about Bitcoin. The former Commander-in-chief previously said he’s “not a fan of Bitcoin,” said it “seems like a scam,” and claims it “can facilitate unlawful behavior, including drug trade and other illegal activity.”

However, he’s now claiming that he’s “fine” and “good” with the world’s leading crypto and that its future “will be made in the USA.”

The about-face took a few years. As the US President on July 11, 2019, Trump tweeted clearly, “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.

“Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity… We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”

Two years later, Trump’s views on Bitcoin hadn’t changed. He remained decidedly negative. On June 7, 2021, he answered a question about Bitcoin on live TV. “Bitcoin — it just seems like a scam. I don’t like it because it is another currency competing against the dollar. Essentially, it is a currency competing against the dollar. I want the dollar to be the currency of the world. That’s what I’ve always said.”

Trump makes crypto millions, stops attacking Bitcoin
over the past three years, Trump has changed his tune. Indeed, during the 2021 NFT boom, he made a few million dollars from selling digital cards and has since launched several additional collections.

And on May 8 this year, at a paid event at Mar-A-Lago, Trump discussed his views on crypto with owners of his Trump Digital Trading Cards MugShot Edition Commemorative Dinner NFTs. Speaking to owners of these tokens, he lamented crypto entrepreneurs “moving out of the US because of hostility toward crypto.” He promised, “We have to let them be here.

Shiba Inu has shown significant momentum breaking through resistance levels and initiating a fresh upward trend. Currently trading at $0.00002866, the currency has appreciated in value. This has led to an increase in market capitalization, now at $16.89 billion, an increase of 15.96%. The 24-hour trading volume has also risen by 94.86% to $1.97 billion. Starting from $0.00002472, SHIB’s price has followed an upward trajectory with minor fluctuations. This low point in the time frame serves as a crucial support level. The day’s price movement has been marked by breaking through several minor resistance points, underscoring strong buying pressure. The peak price of $0.00003000, however, presents a key resistance level that SHIB is currently facing. The support level at $0.00002472 has been confirmed as crucial for future upward movements. Conversely, the resistance level at $0.00003000, the highest it has ever reached, poses a significant challenge for further gains. SHIB’s ability to break this resistance could define its capacity to sustain its upward trend. Coinglass data shows a 120.36% increase in trading volume this week, reaching $541.18 million. Open interest for SHIB futures contracts also rose by 10.95% to $121.66 million. Despite a long/short ratio of 0.9654 indicating a dominance of short positions, the overall trading activity remains robust. Shiba Inu/USD 1-day price chart, Source: Trading view Technical indicators provide additional insights with the 1-day stochastic RSI, trading above the signal line at 90.79, suggests the market is currently overbought, indicating a potential price correction in the near future. However, the 1-day MACD, also above the signal line, suggests bullish momentum in the short term. Additionally, the 1-day ADX at 15.42 indicates a lack of a strong trend in either direction, suggesting a period of consolidation or market uncertainty. Changely blog data show that cryptocurrency experts expect SHIB’s price in June 2024 to be between $0.0000288 and $0.0000382, with an average expected value of around $0.0000

Shiba Inu has shown significant momentum breaking through resistance levels and initiating a fresh upward trend. Currently trading at $0.00002866, the currency has appreciated in value. This has led to an increase in market capitalization, now at $16.89 billion, an increase of 15.96%. The 24-hour trading volume has also risen by 94.86% to $1.97 billion.

Starting from $0.00002472, SHIB’s price has followed an upward trajectory with minor fluctuations. This low point in the time frame serves as a crucial support level. The day’s price movement has been marked by breaking through several minor resistance points, underscoring strong buying pressure. The peak price of $0.00003000, however, presents a key resistance level that SHIB is currently facing.

The support level at $0.00002472 has been confirmed as crucial for future upward movements. Conversely, the resistance level at $0.00003000, the highest it has ever reached, poses a significant challenge for further gains. SHIB’s ability to break this resistance could define its capacity to sustain its upward trend.

Coinglass data shows a 120.36% increase in trading volume this week, reaching $541.18 million. Open interest for SHIB futures contracts also rose by 10.95% to $121.66 million. Despite a long/short ratio of 0.9654 indicating a dominance of short positions, the overall trading activity remains robust. Shiba Inu/USD 1-day price chart, Source: Trading view

Technical indicators provide additional insights with the 1-day stochastic RSI, trading above the signal line at 90.79, suggests the market is currently overbought, indicating a potential price correction in the near future.

However, the 1-day MACD, also above the signal line, suggests bullish momentum in the short term. Additionally, the 1-day ADX at 15.42 indicates a lack of a strong trend in either direction, suggesting a period of consolidation or market uncertainty.
Changely blog data show that cryptocurrency experts expect SHIB’s price in June 2024 to be between $0.0000288 and $0.0000382, with an average expected value of around $0.0000

SHIB

The crypto prices today once again saw a highly volatile trading session, with Bitcoin and Ethereum witnessing attention-grabbing price fluctuations. ‘dogwifhat’ (WIF) from the meme coins sector emerged among the top gainers, while NOT followed, continuing its pump today. It’s noteworthy that the global crypto market cap showed a modest increase of 0.53% from the previous day, reaching $2.58 trillion. The total crypto market volume also saw a significant uptick of 3.66%, amounting to $91.06 billion in the past 24 hours. Here’s a brief overview of some of the top cryptos and their prices today. Top Crypto Prices Today Bitcoin Price As of writing, Bitcoin traded at $68,748.59, a 1.30% increase over the past day. However, the flagship crypto’s chart shows that the price bore the brunt of extreme fluctuations in the past 24 hours. Its 24-hour lows and highs are $67,227.15 and $68,852.46, respectively. The token’s market cap stood at $1.35 trillion, whereas its 24-hour trading volume saw a 7% upswing, reaching $30.15 billion. Ethereum Price Meanwhile, despite the recent buzz ignited by the spot ETH ETF approval in the U.S., Ethereum’s price is in a period of sideways trading, surfing both in red and green territory. While writing, ETH traded at $3,847.36, a 0.14% increase over the past day. Its 24-hour lows and highs are $3,771.21 and $3,924.90, respectively. Solana Price In the interim, SOL’s price witnessed a significant 2.78% uptick in the past 24 hours, resting at $171.73. Its 24-hour lows and highs are $164.97 and $173.02, respectively. XRP Price The Ripple Labs-backed crypto also witnessed highly turbulent price action. It is trading at $0.5282, a 0.15% increase over the past day. Further, the 24-hour lows and highs were recorded at $0.5216 and $0.5326, respectively. DOGE & SHIB Price Dogecoin (DOGE) witnessed a noteworthy 2.73% jump in price over the past day, standing at $0.1697. Shiba Inu (SHIB) surged exceptionally, rising 15.37% over the past day to $0.00002874.

Bearish

The crypto prices today once again saw a highly volatile trading session, with Bitcoin and Ethereum witnessing attention-grabbing price fluctuations. ‘dogwifhat’ (WIF) from the meme coins sector emerged among the top gainers, while NOT followed, continuing its pump today.

It’s noteworthy that the global crypto market cap showed a modest increase of 0.53% from the previous day, reaching $2.58 trillion. The total crypto market volume also saw a significant uptick of 3.66%, amounting to $91.06 billion in the past 24 hours.

Here’s a brief overview of some of the top cryptos and their prices today.

Top Crypto Prices Today

Bitcoin Price

As of writing, Bitcoin traded at $68,748.59, a 1.30% increase over the past day. However, the flagship crypto’s chart shows that the price bore the brunt of extreme fluctuations in the past 24 hours. Its 24-hour lows and highs are $67,227.15 and $68,852.46, respectively.

The token’s market cap stood at $1.35 trillion, whereas its 24-hour trading volume saw a 7% upswing, reaching $30.15 billion.

Ethereum Price

Meanwhile, despite the recent buzz ignited by the spot ETH ETF approval in the U.S., Ethereum’s price is in a period of sideways trading, surfing both in red and green territory.

While writing, ETH traded at $3,847.36, a 0.14% increase over the past day. Its 24-hour lows and highs are $3,771.21 and $3,924.90, respectively.

Solana Price

In the interim, SOL’s price witnessed a significant 2.78% uptick in the past 24 hours, resting at $171.73. Its 24-hour lows and highs are $164.97 and $173.02, respectively.

XRP Price

The Ripple Labs-backed crypto also witnessed highly turbulent price action. It is trading at $0.5282, a 0.15% increase over the past day. Further, the 24-hour lows and highs were recorded at $0.5216 and $0.5326, respectively.

DOGE & SHIB Price

Dogecoin (DOGE) witnessed a noteworthy 2.73% jump in price over the past day, standing at $0.1697. Shiba Inu (SHIB) surged exceptionally, rising 15.37% over the past day to $0.00002874.

WIF

Four smart DEX traders in 2024 showed superb swing trading skills and, on average, generated around $1,579,500 by trading ETH/WBTC. These traders with addresses 0x4198, 0x761c, 0xac4c, and 0xdc1C, made these trades in the random market and made good profits through proper entry and exit timing, according to Lookonchain. Share 4 smart DEX traders. They are good at swing trading and made a total of ～$6.38M by trading $ETH and $WBTC in 2024. 0x4198 bought 2,489 $ETH($6M) at $2,410 and sold 2,515 $ETH($7.12M) at $2,831, making $1.12M. 0x4198 bought 104 $WBTC($4.5M) at $43,426 and sold 104… pic.twitter.com/m15W7uml43 — Lookonchain (@lookonchain) May 28, 2024 DEX Traders 0x4198 and 0x761c Earn Over $2M from Profitable ETH and WBTC Trades Formulating 2,489 ETH at $2,410 each for $6m and selling 2,515 ETH at $2,831 each totaling $7. 12m, bringing a trading profit of $1.12m, Trader 0x4198 made considerable profit. Furthermore, 0x4198 purchases 104 WBTC at an average price of $43,426 for $4. 5 million and sell the same amount for $4 880,000 at an average price of $47 100 thus making an extra $380,000. Another remarkable performer was trader 0x761c, who bought 542 ETH for $1.78 million at $3,284 per ETH and selling 540 ETH for $2.8 million at $3,857 per ETH and a profit of $303,000. In the WBTC market, 0x761c purchased 104 WBTC for $4.49 million at $43,282 per WBTC and sold them for $4.8 million at $46,245 per WBTC, making $307,000. DEX Traders 0xac4c and 0xdc1C Earn Combined $4.27M Through Strategic ETH and WBTC Trades Trader 0xac4c was able to purchase 2029 ETH for 5$. 59 million at $2,755 per ETH and sold 1,325 ETH for $4.5 million at $3,061 per ETH, while holding 702 ETH worth of $2.7 million, totaling a profit of $1.16 million. Also, 0xac4c purchased 172 WBTC for $7.5 million at $43,708 per WBTC and sold them for $8. Around 14 million at $47,455 per WBTC to make $643,000. Similarly, trader 0xdc1C made large trades in the form of buying 6,071 ETH for $15.25 million at $2,512 per ETH and selling 5,605 ETH for $15.83 million at $2,825 per ETH.$ETH

Four smart DEX traders in 2024 showed superb swing trading skills and, on average, generated around $1,579,500 by trading ETH/WBTC. These traders with addresses 0x4198, 0x761c, 0xac4c, and 0xdc1C, made these trades in the random market and made good profits through proper entry and exit timing, according to Lookonchain.

Share 4 smart DEX traders.

They are good at swing trading and made a total of ～$6.38M by trading $ETH and $WBTC in 2024.

0x4198 bought 2,489 $ETH ($6M) at $2,410 and sold 2,515 $ETH ($7.12M) at $2,831, making $1.12M.
0x4198 bought 104 $WBTC($4.5M) at $43,426 and sold 104… pic.twitter.com/m15W7uml43

— Lookonchain (@lookonchain) May 28, 2024
DEX Traders 0x4198 and 0x761c Earn Over $2M from Profitable ETH and WBTC Trades

Formulating 2,489 ETH at $2,410 each for $6m and selling 2,515 ETH at $2,831 each totaling $7. 12m, bringing a trading profit of $1.12m, Trader 0x4198 made considerable profit. Furthermore, 0x4198 purchases 104 WBTC at an average price of $43,426 for $4. 5 million and sell the same amount for $4 880,000 at an average price of $47 100 thus making an extra $380,000.

Another remarkable performer was trader 0x761c, who bought 542 ETH for $1.78 million at $3,284 per ETH and selling 540 ETH for $2.8 million at $3,857 per ETH and a profit of $303,000. In the WBTC market, 0x761c purchased 104 WBTC for $4.49 million at $43,282 per WBTC and sold them for $4.8 million at $46,245 per WBTC, making $307,000.

DEX Traders 0xac4c and 0xdc1C Earn Combined $4.27M Through Strategic ETH and WBTC Trades

Trader 0xac4c was able to purchase 2029 ETH for 5$. 59 million at $2,755 per ETH and sold 1,325 ETH for $4.5 million at $3,061 per ETH, while holding 702 ETH worth of $2.7 million, totaling a profit of $1.16 million. Also, 0xac4c purchased 172 WBTC for $7.5 million at $43,708 per WBTC and sold them for $8. Around 14 million at $47,455 per WBTC to make $643,000. Similarly, trader 0xdc1C made large trades in the form of buying 6,071 ETH for $15.25 million at $2,512 per ETH and selling 5,605 ETH for $15.83 million at $2,825 per ETH.$ETH

$BTC Macro strategist Henrik Zeberg is predicting Bitcoin (BTC) will make a big move to the upside any day now. In a new interview on the Bloor Street Capital YouTube channel, Zeberg says Bitcoin could soar more than 64% from its current value by the third quarter of the year. “In January I said $110,000 to $115,000 on Bitcoin and I stick to that. I think we’re hours or days away from a big move starting again. We had a big move on [May 20th]. I think that was just the beginning. Now we’ve been consolidating for a few days, and I think we’re going to see a very, very big move coming into mid-June, but an uptrend with consolidations, pullbacks… August to October, I would say this is the timeline. It’s more about the levels that I need to see. I need to see up above $105,000 for Bitcoin, $110,000, and then I need to see the S&P around 6,000. Then I will start to become more worried. These are the levels. Timeline-wise, Q3.” Bitcoin is trading for $70,090 at time of writing, up nearly 2% in the last 24 hours. The strategist also predicts a US economic recession before the end of 2024. “My timeline for now is that I see that the recession probably sets in by Q4 this year, could be October, November, December. And I think the stock market will top out two months before that. So that means in Q3, potentially October or so, but right now it’s August, September. That is my timeline for that. There is nothing that tells me that we should go above this. We have on various assets we start to see weaknesses come in. We start to see weakness in Europe. We start to see weakness in Asia in the Nikkei, in the Nifty as well. So I think you’re going to see the top in the stock market in Asia and Europe setting in before you see it in the US, and you’re going to see a rotation of capital from Europe, from Asia into the US. . I’m bullish the US market at this point. I am bullish small caps because I also think there’ll be a rotation from from large caps into small caps as we get into the final phase of this business cycle.

$BTC Macro strategist Henrik Zeberg is predicting Bitcoin (BTC) will make a big move to the upside any day now.

In a new interview on the Bloor Street Capital YouTube channel, Zeberg says Bitcoin could soar more than 64% from its current value by the third quarter of the year.
“In January I said $110,000 to $115,000 on Bitcoin and I stick to that. I think we’re hours or days away from a big move starting again. We had a big move on [May 20th]. I think that was just the beginning. Now we’ve been consolidating for a few days, and I think we’re going to see a very, very big move coming into mid-June, but an uptrend with consolidations, pullbacks…
August to October, I would say this is the timeline. It’s more about the levels that I need to see. I need to see up above $105,000 for Bitcoin, $110,000, and then I need to see the S&P around 6,000. Then I will start to become more worried. These are the levels. Timeline-wise, Q3.”
Bitcoin is trading for $70,090 at time of writing, up nearly 2% in the last 24 hours.
The strategist also predicts a US economic recession before the end of 2024.
“My timeline for now is that I see that the recession probably sets in by Q4 this year, could be October, November, December. And I think the stock market will top out two months before that. So that means in Q3, potentially October or so, but right now it’s August, September. That is my timeline for that.
There is nothing that tells me that we should go above this. We have on various assets we start to see weaknesses come in. We start to see weakness in Europe. We start to see weakness in Asia in the Nikkei, in the Nifty as well. So I think you’re going to see the top in the stock market in Asia and Europe setting in before you see it in the US, and you’re going to see a rotation of capital from Europe, from Asia into the US.
. I’m bullish the US market at this point. I am bullish small caps because I also think there’ll be a rotation from from large caps into small caps as we get into the final phase of this business cycle.

In a significant development for the Shiba Inu (SHIB) ecosystem, K9 Finance DAO (KNINE) grabbed a major exchange listing. The KNINE crypto will be listed on the LBank exchange, as announced by LBank on May 28, 2024. Hence, the Shiba Inu team lauded K9 Finance for the latest achievement. Meanwhile, the KNINE and SHIB price charts showed substantial growth. LBank Lists K9 Finance Trading for the KNINE/USDT pair will commence in the Innovation Zone, marking a major milestone for the nascent project. K9 Finance DAO is recognized as the official liquid staking solution for Shiba Inu and the Shibarium blockchain. Moreover, the KNINE token, launched on March 7, 2024, operates on a stake-to-earn model. In addition, by staking KNINE, holders earn revenue from the liquid staking product and the DAO. The liquid staking product is set to launch in Q3 of 2024. This would position K9 DAO as the pioneering liquid staking provider on the Shibarium blockchain.. The LBank announcement was met with enthusiasm from the Shiba Inu meme coin community. The Shiba Inu team’s official X account, helmed by influential figures such as Shytoshi Kusama and Kaal Dhairya, congratulated K9 Finance DAO on their listing. Quoting the post by LBank, they wrote, “Congrats to @K9finance on their new listing! This is another big win for adoption and brings more value to the #SHIBARMY. Keep up the amazing work! #PartnerShib.” The endorsement from the Shiba Inu team underscores the strategic importance of this listing. K9 Finance DAO’s integration into the Shibarium blockchain leverages its first-mover advantage, as it currently stands as the sole liquid staking provider within the ecosystem. Meanwhile, deposits for KNINE began on May 27, 2024, at 12:00 UTC. Whilst, withdrawals will be available starting May 29, 2024, at the same time. Moreover, the KNINE listing is expected to enhance liquidity and adoption, driving further engagement within the Shiba Inu ecosystem. Also Read: SHIB Price Analysis: Why Shiba Inu Rockets As Crypto Fear And Greed Hits 74 #altcoins $BTC

Bullish

In a significant development for the Shiba Inu (SHIB) ecosystem, K9 Finance DAO (KNINE) grabbed a major exchange listing. The KNINE crypto will be listed on the LBank exchange, as announced by LBank on May 28, 2024. Hence, the Shiba Inu team lauded K9 Finance for the latest achievement. Meanwhile, the KNINE and SHIB price charts showed substantial growth.

LBank Lists K9 Finance

Trading for the KNINE/USDT pair will commence in the Innovation Zone, marking a major milestone for the nascent project. K9 Finance DAO is recognized as the official liquid staking solution for Shiba Inu and the Shibarium blockchain. Moreover, the KNINE token, launched on March 7, 2024, operates on a stake-to-earn model.

In addition, by staking KNINE, holders earn revenue from the liquid staking product and the DAO. The liquid staking product is set to launch in Q3 of 2024. This would position K9 DAO as the pioneering liquid staking provider on the Shibarium blockchain..

The LBank announcement was met with enthusiasm from the Shiba Inu meme coin community. The Shiba Inu team’s official X account, helmed by influential figures such as Shytoshi Kusama and Kaal Dhairya, congratulated K9 Finance DAO on their listing. Quoting the post by LBank, they wrote, “Congrats to @K9finance on their new listing! This is another big win for adoption and brings more value to the #SHIBARMY. Keep up the amazing work! #PartnerShib.”

The endorsement from the Shiba Inu team underscores the strategic importance of this listing. K9 Finance DAO’s integration into the Shibarium blockchain leverages its first-mover advantage, as it currently stands as the sole liquid staking provider within the ecosystem.

Meanwhile, deposits for KNINE began on May 27, 2024, at 12:00 UTC. Whilst, withdrawals will be available starting May 29, 2024, at the same time. Moreover, the KNINE listing is expected to enhance liquidity and adoption, driving further engagement within the Shiba Inu ecosystem.

Also Read: SHIB Price Analysis: Why Shiba Inu Rockets As Crypto Fear And Greed Hits 74

#altcoins $BTC

The altcoin market is on fire! Fueled by a surge in value and a decline in Bitcoin dominance, altcoins are experiencing a red-hot rally. The total market cap of altcoins has skyrocketed 15% in just two weeks, reaching a staggering $1.156 trillion. But what’s driving this insane surge? Let’s find out. In a historic milestone for the cryptocurrency market, Bitcoin ETFs in the United States have seen an influx of over $2 billion in the past two weeks. A record-breaking $1 billion was received last week, with $305 million on May 21 alone. Bitcoin ETFs, which track the price of Bitcoin and are traded on conventional exchanges like the NYSE, offer investors exposure to Bitcoin without needing to hold the cryptocurrency directly. According to data from Farside, U.S. spot Bitcoin ETFs experienced net inflows of approximately $252 million on May 24, marking the 10th consecutive trading day of net inflows. Specifically, BlackRock’s IBIT saw an inflow of $182 million, Fidelity’s FBTC received $44 million, Bitwise’s BITB attracted $6.4 million, and the ARK 21Shares Bitcoin ETF saw an inflow of $4 million. Analyst Insights: Lark Davis’s Bold Predictions Bitcoin is going to $150,000. Ethereum is going to $15,000. — Lark Davis (@TheCryptoLark) May 27, 2024 Crypto influencer Lark Davis in his X post has predicted substantial price increases for Bitcoin and Ethereum, forecasting Bitcoin to reach $150,000 and Ethereum to hit $15,000. Davis noted this trend as a growing impact of Bitcoin ETFs, which are already drawing hundreds of millions of dollars in daily inflows. He expects a similar trend for Ethereum ETFs, which will soon start trading. According to a report by Kaiko analysts, Grayscale can be a game changer for ETH ETFs similar to BTC ETFs. Grayscale’s upcoming spot Ether (ETH) ETF could see daily outflows of around $110 million if it follows the same trend as the Grayscale Bitcoin Trust (GBTC) did when it converted to an ETF. After the conversion on January 11, GBTC experienced a 23% outflow of its assets, amounting to $6.5 billion in the first month

Bullish

The altcoin market is on fire! Fueled by a surge in value and a decline in Bitcoin dominance, altcoins are experiencing a red-hot rally. The total market cap of altcoins has skyrocketed 15% in just two weeks, reaching a staggering $1.156 trillion. But what’s driving this insane surge? Let’s find out.
In a historic milestone for the cryptocurrency market, Bitcoin ETFs in the United States have seen an influx of over $2 billion in the past two weeks. A record-breaking $1 billion was received last week, with $305 million on May 21 alone. Bitcoin ETFs, which track the price of Bitcoin and are traded on conventional exchanges like the NYSE, offer investors exposure to Bitcoin without needing to hold the cryptocurrency directly.
According to data from Farside, U.S. spot Bitcoin ETFs experienced net inflows of approximately $252 million on May 24, marking the 10th consecutive trading day of net inflows. Specifically, BlackRock’s IBIT saw an inflow of $182 million, Fidelity’s FBTC received $44 million, Bitwise’s BITB attracted $6.4 million, and the ARK 21Shares Bitcoin ETF saw an inflow of $4 million.
Analyst Insights: Lark Davis’s Bold Predictions
Bitcoin is going to $150,000.
Ethereum is going to $15,000.

— Lark Davis (@TheCryptoLark) May 27, 2024
Crypto influencer Lark Davis in his X post has predicted substantial price increases for Bitcoin and Ethereum, forecasting Bitcoin to reach $150,000 and Ethereum to hit $15,000. Davis noted this trend as a growing impact of Bitcoin ETFs, which are already drawing hundreds of millions of dollars in daily inflows. He expects a similar trend for Ethereum ETFs, which will soon start trading.
According to a report by Kaiko analysts, Grayscale can be a game changer for ETH ETFs similar to BTC ETFs. Grayscale’s upcoming spot Ether (ETH) ETF could see daily outflows of around $110 million if it follows the same trend as the Grayscale Bitcoin Trust (GBTC) did when it converted to an ETF. After the conversion on January 11, GBTC experienced a 23% outflow of its assets, amounting to $6.5 billion in the first month

The proceeds for investing $1,000 in Cardano today would be a staggering 21,368% ROI in the hypothetical scenario where ADA attains a $100 price. In the last 24 hours, altcoins have been on a significant bull frenzy, outperforming Bitcoin, as the firstborn crypto stabilizes around $68K. At last check, Cardano bulls have yet to join the frenzy, with ADA up by only 1.5%, as its value settles at $0.4658. Meanwhile, enthusiasm is high regarding Cardano’s potential in the current bull market, with expectations set ambitiously. It is worth noting that during the previous bull market, ADA’s value soared to $3.10, registering a 3,771% increase within a single year. Analysts are confident that the market could see a similar trend again. Notably, ADA currently trades at 85% less than its 2021 high. Yet, there are speculations that it could surpass its previous high and even reach prices in the double digits. In this scenario, individuals who invest a modest sum in ADA today stand to gain substantial profits from Cardano’s potential growth. For instance, with $1,000, one can acquire a Cardano portfolio containing 2,147 ADA tokens. If Cardano hits the $10 mark, this modest investment could balloon to $21,470. Leading analysts believe reaching $10 is a realistic goal for ADA, possibly within this year or by 2025. Return on $1,000 Invested in Cardano if ADA Hits $100 Similarly, the value of the 2,147 ADA tokens will soar from $1,000 to a pricey $214,684 in a scenario where Cardano ever attains $100. This growth amounts to a profit of $213,684 or an ROI of 21,368%. However, the ambitious nature of this target sparks the question about the feasibility of ADA reaching it. When Can Cardano Hit $100? Analysts from the Changelly Exchange project that by 2040, Cardano could reach the $100 mark—as early as January or February of that year. They further solidify this forecast by suggesting a minimum price target of $111.21 for Cardano in February 2040, sixteen years from now.#altcoins

Bullish

The proceeds for investing $1,000 in Cardano today would be a staggering 21,368% ROI in the hypothetical scenario where ADA attains a $100 price.

In the last 24 hours, altcoins have been on a significant bull frenzy, outperforming Bitcoin, as the firstborn crypto stabilizes around $68K. At last check, Cardano bulls have yet to join the frenzy, with ADA up by only 1.5%, as its value settles at $0.4658.

Meanwhile, enthusiasm is high regarding Cardano’s potential in the current bull market, with expectations set ambitiously. It is worth noting that during the previous bull market, ADA’s value soared to $3.10, registering a 3,771% increase within a single year.

Analysts are confident that the market could see a similar trend again. Notably, ADA currently trades at 85% less than its 2021 high. Yet, there are speculations that it could surpass its previous high and even reach prices in the double digits.

In this scenario, individuals who invest a modest sum in ADA today stand to gain substantial profits from Cardano’s potential growth.

For instance, with $1,000, one can acquire a Cardano portfolio containing 2,147 ADA tokens. If Cardano hits the $10 mark, this modest investment could balloon to $21,470. Leading analysts believe reaching $10 is a realistic goal for ADA, possibly within this year or by 2025.

Return on $1,000 Invested in Cardano if ADA Hits $100

Similarly, the value of the 2,147 ADA tokens will soar from $1,000 to a pricey $214,684 in a scenario where Cardano ever attains $100. This growth amounts to a profit of $213,684 or an ROI of 21,368%.

However, the ambitious nature of this target sparks the question about the feasibility of ADA reaching it.

When Can Cardano Hit $100?

Analysts from the Changelly Exchange project that by 2040, Cardano could reach the $100 mark—as early as January or February of that year. They further solidify this forecast by suggesting a minimum price target of $111.21 for Cardano in February 2040, sixteen years from now.#altcoins

ADA

Bullish

Bitcoin briefly surpasses $70,000 before settling at $69,861 per coin.
The cryptocurrency sees a daily uptick of 1.95%, reflecting ongoing bullish sentiment.
Despite the milestone, Bitcoin experiences slight retreat, highlighting the inherent volatility of the crypto market.
BTC price briefly soared beyond the $70,000 mark, marking a significant milestone in its tumultuous journey. As of the latest data, Bitcoin is now trading at $69,861 per coin, experiencing a notable daily increase of 1.95%.

This remarkable price movement underscores the ongoing bullish sentiment surrounding Bitcoin and the broader cryptocurrency market. Investors and enthusiasts alike have been closely monitoring Bitcoin’s trajectory, anticipating further gains and potential market shifts.

Bitcoin’s Retreat After Brief $70,000 Breakthrough The BTC price surge past $70,000 represents a historic high for Bitcoin, reflecting its growing mainstream acceptance and institutional adoption. Institutions and retail investors continue to flock to Bitcoin as a store of value and hedge against inflation, driving its price to unprecedented levels.

While the BTC price brief breach of $70,000 marks a moment of celebration for Bitcoin enthusiasts, the subsequent slight retreat highlights the inherent volatility of the cryptocurrency market. Price fluctuations are common in the world of cryptocurrencies, influenced by a myriad of factors including market sentiment, regulatory developments, and macroeconomic trends.

Despite the minor retreat from the $70,000 threshold, Bitcoin’s resilience and upward momentum remain intact. The cryptocurrency continues to attract significant interest and investment, fueling speculation about its future price trajectory.#btc70k

The recent approval of Ethereum (ETH) exchange-traded funds (ETFs) by regulatory bodies marks a significant milestone in cryptocurrency history. Amidst this development, veteran trader Peter Brandt has raised alarms, warning of potential disasters in the crypto staking sector following the U.S. Securities and Exchange Commission (SEC) green light for spot Ethereum ETFs. Peter Brandt, a well-known figure in the trading community, took to social media platform X (formerly Twitter) on May 24 to express his grim outlook. “The biggest disasters yet to come in crypto will be related to staking,” Brandt predicted, emphasizing the potential for significant financial losses and bankruptcies. An opinion that will not have much appeal among ETH/SOL similar hound dogs. The biggest disasters yet to come in crypto will be to staking (and those who think they are doing the staking). The bankruptcies and personal fortunes lost in the staking game will someday blow your mind pic.twitter.com/pmnm4fo6Oi — Peter Brandt (@PeterLBrandt) May 24, 2024 Potential regulatory impact Brandt’s recent warnings are part of a broader critique he has been voicing. Earlier this month, he predicted a full-scale SEC assault on crypto staking, describing it as a “bloodbath” and deeming the practice “illegal as hell.” Brandt’s comments came in the wake of the SEC’s unexpected approval of eight spot Ethereum ETFs, a decision that caught many in the crypto industry off guard. Previously, the SEC had not engaged with issuers, but it suddenly began interacting with them and requested resubmissions of filings on an accelerated basis. Despite the approval of spot Ethereum ETFs, the SEC has not clarified whether Ethereum is classified as a security or a commodity. Notably, all issuers of these ETFs did not include staking in their applications, which highlights a critical distinction. Concerns and reactions from the crypto community Brandt elaborated on his concerns in follow-up posts, outlining the potential negative impacts of staking on the market. #ETHETFsApproved

Bullish

The recent approval of Ethereum (ETH) exchange-traded funds (ETFs) by regulatory bodies marks a significant milestone in cryptocurrency history.

Amidst this development, veteran trader Peter Brandt has raised alarms, warning of potential disasters in the crypto staking sector following the U.S. Securities and Exchange Commission (SEC) green light for spot Ethereum ETFs.

Peter Brandt, a well-known figure in the trading community, took to social media platform X (formerly Twitter) on May 24 to express his grim outlook.

“The biggest disasters yet to come in crypto will be related to staking,” Brandt predicted, emphasizing the potential for significant financial losses and bankruptcies.

An opinion that will not have much appeal among ETH/SOL similar hound dogs.
The biggest disasters yet to come in crypto will be to staking (and those who think they are doing the staking). The bankruptcies and personal fortunes lost in the staking game will someday blow your mind pic.twitter.com/pmnm4fo6Oi

— Peter Brandt (@PeterLBrandt) May 24, 2024
Potential regulatory impact

Brandt’s recent warnings are part of a broader critique he has been voicing. Earlier this month, he predicted a full-scale SEC assault on crypto staking, describing it as a “bloodbath” and deeming the practice “illegal as hell.”

Brandt’s comments came in the wake of the SEC’s unexpected approval of eight spot Ethereum ETFs, a decision that caught many in the crypto industry off guard.

Previously, the SEC had not engaged with issuers, but it suddenly began interacting with them and requested resubmissions of filings on an accelerated basis.

Despite the approval of spot Ethereum ETFs, the SEC has not clarified whether Ethereum is classified as a security or a commodity. Notably, all issuers of these ETFs did not include staking in their applications, which highlights a critical distinction.

Concerns and reactions from the crypto community

Brandt elaborated on his concerns in follow-up posts, outlining the potential negative impacts of staking on the market.

#ETHETFsApproved

SOL

CORE, the native token of the layer-1 network CoreChain, has surged over 20% in the last 24 hours. This is a notable price increase, considering the downward trend in the broader crypto market with the prices of other major cap tokens, including Ethereum (ETH) dumping.

Why CORE Soared By Over 20%

CORE’s price rallied by over 20% following crypto exchange Coinbase’s decision to add the crypto token to its listing ‘Roadmap.’ That means the foremost US crypto exchange plans to list CORE at some point, although it hasn’t disclosed exactly when that will happen. Regardless, this is undoubtedly a positive development for the CORE ecosystem, given the exposure and mass adoption it could gain from being listed on Coinbase.

CORE runs on the Ethereum Virtual Machine (EVM) compatible layer-1 blockchain CoreChain. The network is unique because it adopts a ‘Satoshi Plus’ consensus mechanism. This mechanism adopts Bitcoin’s proof-of-work (PoW) and Ethereum’s delegated proof-of-stake (DPoS) mechanism to address the blockchain trilemma of decentralization, scalability, and security.

CORE has already had quite a year, considering it is one of the best-performing crypto assets among the top 100 coins by market cap, with a year-to-date (YTD) gain of over 265%. This feat is more commendable given that only three crypto tokens (Dogwifhat, PEPE, and Arweave) in the top 50 rankings have made more YTD gains than CORE.

Interestingly, most of CORE’s price gains came in the weeks leading up to the Bitcoin halving, with the crypto’s price skyrocketing by over 220% in a single week. CORE’s interoperability with Bitcoin also gives it an edge, with the network launching ‘CoreBTC,’ which allows users to bridge their BTC tokens to the network, thereby tapping into the liquidity on the flagship network, Bitcoin.

#ETHETFsApproved The newly approved spot Ethereum exchange-traded funds (ETFs) could trigger a supply crunch for the second-largest cryptocurrency by market cap. Ethereum’s supply on centralized exchanges has hit an eight-year low, with only 12.78 million ETH available. This amount constitutes roughly 11% of the total supply. Ethereum Demand Shock Expected Analysts have noted that investors are withdrawing their ETH from exchanges just as the asset is poised to experience a surge in institutional demand. Such a decline in exchange balances is usually a bullish sign. It indicates that investors expect price growth and have no plans to sell their holdings in the short term. This week, the US Securities and Exchange Commission (SEC) approved several Ethereum ETFs, Mara Schmiedt, CEO of Alluvial, points to the significant institutional interest generated by spot Bitcoin ETFs since their launch in January. These ETFs now hold 800,000 BTC, demonstrating a growing institutional appetite. Consequently, she predicts Ethereum could see similar demand, potentially leading to a significant demand shock. “What happens if there is $20 billion taken out of the market? It could be a tipping point in terms of supply and demand. We haven’t really seen this kind of rapid demand shock in the market before,” Schmiedt said. Read more: How to Invest in Ethereum ETFs? Notably, ETH is already experiencing a surge in institutional activity. Blockchain analytics platform IntoTheBlock reported that anticipation around Ethereum ETF approval pushed the on-chain trading volume to a two-year high of $15.98 billion, largely driven by crypto whales. Of the $15.98 billion, $14.33 billion came from transactions exceeding $100,000, typically conducted by whales. This accounts for 90% of the total traded volume on that day. IntoTheBlock explained that the approval of ETH ETFs marks a significant milestone in cryptocurrency acceptance. It continued that this move would likely increase ETH whales’ activity, as seen in recent large-volume transactions.

Bullish

#ETHETFsApproved The newly approved spot Ethereum exchange-traded funds (ETFs) could trigger a supply crunch for the second-largest cryptocurrency by market cap.
Ethereum’s supply on centralized exchanges has hit an eight-year low, with only 12.78 million ETH available. This amount constitutes roughly 11% of the total supply.
Ethereum Demand Shock Expected
Analysts have noted that investors are withdrawing their ETH from exchanges just as the asset is poised to experience a surge in institutional demand. Such a decline in exchange balances is usually a bullish sign. It indicates that investors expect price growth and have no plans to sell their holdings in the short term.
This week, the US Securities and Exchange Commission (SEC) approved several Ethereum ETFs,
Mara Schmiedt, CEO of Alluvial, points to the significant institutional interest generated by spot Bitcoin ETFs since their launch in January. These ETFs now hold 800,000 BTC, demonstrating a growing institutional appetite. Consequently, she predicts Ethereum could see similar demand, potentially leading to a significant demand shock.
“What happens if there is $20 billion taken out of the market? It could be a tipping point in terms of supply and demand. We haven’t really seen this kind of rapid demand shock in the market before,” Schmiedt said.
Read more: How to Invest in Ethereum ETFs?
Notably, ETH is already experiencing a surge in institutional activity. Blockchain analytics platform IntoTheBlock reported that anticipation around Ethereum ETF approval pushed the on-chain trading volume to a two-year high of $15.98 billion, largely driven by crypto whales.
Of the $15.98 billion, $14.33 billion came from transactions exceeding $100,000, typically conducted by whales. This accounts for 90% of the total traded volume on that day.
IntoTheBlock explained that the approval of ETH ETFs marks a significant milestone in cryptocurrency acceptance. It continued that this move would likely increase ETH whales’ activity, as seen in recent large-volume transactions.