One cryptocurrency analyst has made a rather cryptic prediction. Ethereum spot ETF approved The U.S. Securities and Exchange Commission (SEC) may usher in a new wave of “animal spirits.” In cryptocurrency, the term is often used to describe the irrational exuberance and optimism that fuels financial markets. Ethereum Spot ETF Reignites Animal Spirits On X (formerly Twitter) post On May 22, a cryptocurrency analyst known as the ‘DeFi Villain’ made a bold prediction, predicting a resurgence in cryptocurrencies. Bull market altcoin season Subject to approval by the SEC Ethereum Spot ETF. Analysts said the approval could unleash “animal spirits”, leading…
Author: Crypto Flexs
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Total value locked in the open network ( ton +0.100% ) Blockchain surpasses $300 million for the first time, a more than ten-fold increase since early March.The network is seeing a surge in fixed value amid ongoing ecosystem initiative The Open League. This is contributing to the surge in TVL by rewarding users of TON’s top decentralized applications.Since the incentive program was launched, the network’s TVL has increased from $23 million in early March to $315 million now, according to DeFiLlama data. TVL’s rapid growth has been primarily driven by decentralized exchanges such as Ston.fi and Dedust, and liquid staking…
A series of industry influencers and celebrities had their X accounts hacked over the weekend, leaking everything from Luna2 and ORDI to celebrity-inspired memecoins. Among its latest victims is Gigantic-Cassocked-Rebirth, known as GCR. He is a pseudonymous cryptocurrency investor known to profit from reverse trading and has confirmed that his X account has been hacked.On May 26, GCR’s Many said the hackers could have minted microcap coins using the account, but instead decided to publish two tokens, which limited their profits. “The GCR hackers rummaged through the bag hard,” said cryptocurrency analyst Miles Deutscher. “Bro could have chosen a reliable…
The cryptocurrency market is abuzz with the latest developments in the ongoing SEC case and discussions surrounding the possibility of an XRP spot ETF. Investors and market analysts are closely monitoring these developments, which could have a significant impact on XRP’s regulatory environment and future prospects. The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the company behind XRP, has been ongoing since December 2020. The SEC’s lawsuit alleges that Ripple conducted an unregistered securities offering by selling XRP. This case played a pivotal role in shaping the regulatory approach to cryptocurrencies in the United…
Chainwire, Seoul, South Korea, May 25, 2024 Marine Moguls launched the ERC-404 protocol, introducing a new approach to digital asset management. The project features a $2.9 million prize pool linked to over 25% of the tokens, giving $MOGUL holders the potential opportunity to win prizes including 100,000 USDT and 50,000 USDT along with staking rewards. $MOGUL contract: 0x0c9bb15b32334bDAA7Ad319FA356Dd3E8e184564 NFT Marketplace: https://market.marinemoguls.com Key Features of Marine Moguls Marine Moguls is more than just a token and NFT launch. It is an innovative ecosystem. Rewards for $MOGUL holders With prizes and benefits. The holder is potentially Prize money worth $2.9 millionExclusive access…
Binance Announces Support for Sei (SEI) and Kadena (KDA) Network Upgrades Binance, one of the world’s leading cryptocurrency exchanges, announced support for the upcoming network upgrade and hard fork of Sei (SEI) and Kadena (KDA). According to Binance, these upgrades aim to provide improved user experience and ensure the stability and security of the network. Sei (SEI) Network Upgrade Details The Sei (SEI) network upgrade is scheduled to take place at block height 79,123,881, estimated around 2024-05-27 15:00 (UTC). To facilitate this process, Binance will suspend token deposits and withdrawals on the Sei (SEI) network…
Nearly 10 years after Craig Wright began terrorizing the Bitcoin (BTC) community by claiming to be Satoshi Nakamoto, a British court has ruled that Wright is not Satoshi.The ruling was handed down by Judge James Mellor of the UK High Court in a civil suit led by the Crypto Open Patent Alliance (COPA) this month. His decision said Wright “lied extensively and repeatedly to the court” while engaging in “massive forgery” to prove he was Satoshi.Mellor chastised Wright at length for his scathing judgments, writing:Dr. Wright introduces himself as a very smart man. But in my judgment he is not…
Portuguese soccer superstar Cristiano Ronaldo has announced the launch of his fourth collection of non-fungible tokens (NFTs) in collaboration with Binance. The new collection, scheduled to launch on the Binance NFT Marketplace on May 29, will celebrate the footballer’s history and feature highlights from across his career.According to Binance’s blog post, Cristiano Ronaldo said: “My football journey has seen me travel all over the world and I am honored to play for some of the most prestigious clubs there. Now it’s your turn to join me on the journey.”The number of NFTs included in the new collection won’t be announced…
The SEC approved an Ethereum ETF through delegated authority, a decision that could have major implications for the cryptocurrency market. Unlike the Bitcoin ETF approval in January, which required an SEC vote, this approval did not go through a public voting process by the commissioners. This method of approval, as James Seyffart notes, means commissioners like Crenshaw don’t change the decision, but can request a review.The lack of a public vote raised questions about political power within the SEC. Seyffart emphasizes that delegated powers are the norm for many decisions, but in this case, the lack of transparency leaves room…
join us telegram A channel to stay up to date on breaking news coverage The recent approval of an Ethereum ETF marks a major development in the cryptocurrency space and could potentially lead to a bull market in 2024. These developments could strengthen Ethereum’s presence in the U.S. market, increase investor confidence, and increase accessibility. Approval could introduce new market volatility and dynamics, which would likely result in a short-term price decline before a significant rally could occur. This article highlights the 5 best cryptocurrencies to buy before the end of May 2024. Mina Protocol (MINA) Mina Protocol is the…