Author: Crypto Flexs

Bitcoin (BTC) lurked near its May 23 all-time high following a decision on the Ethereum (ETH) exchange-traded fund (ETF).BTC/USD 1-hour chart. Source: TradingViewBTC price target gets Ethereum boost.Data from Cointelegraph Markets Pro and TradingView showed BTC price hovering above $69,000 after falling twice from the previous day.Excitement spread through the market as US regulators approved the Ethereum ETF product. This was a sharp reversal from just a few weeks ago.These hopes have been accompanied by fresh gains for both Bitcoin and altcoins, with Cointelegraph reporting potential targets including $80,000 for BTC/USD.“Very clean price action for $BTC,” Michaël van de Poppe,…

The company urged platform users to withdraw their assets before August 28 as it plans to delist all of its tokens. Cryptocurrency exchange platform Gate.io has announced that it will cease operations of Hong Kong-based Gate HK, and has also officially withdrawn its application for a license to operate a cryptocurrency trading platform in Hong Kong. This decision may be linked to increasingly stringent regulations on virtual asset service providers (VASPs) in China. Hong Kong’s Securities and Futures Commission (SFC) has warned that all VASPs operating in the region and those that have not yet submitted license applications must close…

Pepe the Frog, once an internet darling turned controversial meme, is making a spectacular comeback, this time in the world of cryptocurrency. PEPE, an amphibian-inspired memecoin, saw a massive rise in 2024, leaving existing giants Dogecoin and Shiba Inu in the dust. Related Reading From Feelings to FOMO: What PEPE Does PEPE recently hit a new all-time high, reaching a dizzying $0.000014. This impressive performance was coupled with a staggering 900% year-to-date growth, dwarfing the gains of Dogecoin (DOGE) and Shiba Inu (SHIB). This outstanding performance has left many cryptocurrency investors wondering whether PEPE can topple the dominant memecoin overlord.…

Metamask, a popular Ethereum wallet, is reportedly planning to add support for Bitcoin (BTC) in the next month or so, according to sources cited by CoinDesk. Details are scant, but integrations may start with basic functionality and expand over time. This move will significantly expand Metamask’s reach beyond the Ethereum ecosystem.

The U.S. Securities and Exchange Commission has begun discussions on the S-1 registration statement. Ethereum ETH +2.01% ETF issuer, according to sources.“It’s basically just the beginning,” said a senior employee at one issuer regarding the conversation surrounding Form S-1. “I feel like (the Investment Management Department) was somewhat caught off guard by the change in atmosphere. “Then it’s just the beginning.”The source added that while they do not expect progress toward an Ethereum ETF to be scrapped, they remain cautious.In order for an Ethereum ETF to be approved, the SEC must approve a Form 19b-4 (which is done as a…

Open Campus Announces Sale of Major Nodes for EDU Chain Animoca Brands, Sequoia Capital and Binance, announced the upcoming sale of major nodes on the EDU chain. The education-focused blockchain is preparing for a public sale following a pre-sale, with more information expected to be released in June, according to the company’s press release. EDU Chain: Blockchain solution for education EDU Chain is Open Campus’ layer 3 blockchain designed specifically for education. It aims to overcome current issues in the education system by improving access and quality of education. By storing educational data and achievements…

Holders cumulatively purchased more than 100,000 ETH in the spot market on Tuesday, the highest daily level since September 2023.

Holders cumulatively purchased more than 100,000 ETH in the spot market on Tuesday, the highest daily level since September 2023.

Binance Launches USDT Locked Product According to a recent announcement from Binance, the world’s leading cryptocurrency exchange has launched USDT on its Binance Simple Earn locked product. This new investment opportunity offers users a fixed Annual Percentage Rate (APR) of 8.23%. Mechanism of USDT Locked Products USDT-locked products operate on a first-come, first-served subscription basis and are limited to 14 days. The fixed APR remains the same for the entire fixed simple accrual period. Any changes to APR will only apply to new subscriptions and not to existing USDT-locked product subscriptions. The compensation calculation period…

With a 33% weekly gain, Solana’s BONK has surpassed $2 billion in global market capitalization. Shiba Inu-themed BONK is currently down 29.7% from its March 2024 high. Analysts predict that BONK will move south to shed its overly leveraged positions. Solana’s Bonk (BONK) began its first double-digit bull run in seven days, surpassing the $0.000030 resistance level. With BONK breaking this critical price range on its third attempt, cryptocurrency analysts are now gauging the sustainability of the latest uptrend. “When BONK rises above this level, magic happens.” Cryptocurrency analyst WebTrend Analytics for Crypto analysts note BONK’s confluence resistance in this…