🟠 Over 80% of Newly Listed Crypto Assets on Binance Have Declined in Value: Data

Over 80% of the newly listed cryptocurrencies on Binance, the world’s largest digital asset exchange by trading volume, have declined in value. In the past six months, these tokens have plunged in value since listing on the exchange, raising concerns for investors seeking out the latest cryptocurrencies. According to a May 17 post by pseudonymous crypto researcher Flow on X, only five of the 31 tokens analyzed have appreciated in value: the meme coin (MEME), the Ordi token (ORDI), Solana-based Jupiter (JUP), Jito (JTO), and Dogwifhat (WIF).

Source

www.tg-me.com/Binance_Coinbase_Bybit

🪙 Bloomberg analysts revise ETH ETF approval odds to 75% amid rumors of SEC flip

The SEC has asked spot Ethereum ETF applicants to update their 19-b4 filings, leading to greater optimism around potential approvals, according to sources. Bloomberg ETF analyst Eric Balchunas said on May 20 that the SEC could reverse its expected stance and choose not to deny the pending applications. He cited ETF Store President Nate Geraci, who claimed the SEC could approve 19-b4 exchange listing rules while postponing its decision on S-1 registration statements.

Source

www.tg-me.com/Binance_Coinbase_Bybit

💰 Standard Chartered says bitcoin expected to hit fresh all-time high by weekend

An approval of a spot ether exchange-traded fund (ETF) this week would further legitimize the cryptocurrency sector and therefore be positive for bitcoin as well, an analyst said. "I would expect a fresh all-time high in bitcoin by the weekend, through the 14 March $73,798 level," Standard Chartered Bank Head of FX Research and Digital Assets Research Geoff Kendrick said in an email sent to The Block.

Source

www.tg-me.com/Binance_Coinbase_Bybit

💰 Ripple CLO calls Gary Gensler 'a struggling liability' as political winds shift

Ripple's Chief Legal Officer Stuart Alderoty described U.S. Securities and Exchange Commission Chair Gary Gensler as "a struggling liability" — as the hype surrounding the potential approval of spot ether exchange-traded funds grows. "He thought crypto was an easy target," Alderoty said, adding, "He relished being the guy that everyone loved to hate. He thought he was above Congressional oversight. That's all gone. He's now a struggling political liability."

Source

www.tg-me.com/Binance_Coinbase_Bybit

🪙 Ethereum futures ETF daily trading volume hits all-time high as spot approval anticipation grows

Daily trading volume for Ethereum futures exchange-traded funds hit a fresh all-time high yesterday amid increasing anticipation of spot approvals from the U.S. Securities and Exchange Commission. The Ethereum futures ETFs generated $47.75 million in trading volume on Tuesday — 40% more than the prior $34.18 million peak set on March 5 as ether was approaching the $4,000 mark — building on their $23.67 million spike on Monday.

Source

www.tg-me.com/Binance_Coinbase_Bybit

🪙 QCP Capital predicts spot Ethereum ETF approvals could drive prices higher

Crypto asset trading firm QCP Capital suggested that if spot Ethereum exchange-traded funds are approved in the U.S., the price of ether could rally 60% in the coming weeks to around $6,000 — if the spot Bitcoin ETFs are anything to go by. Bitcoin rose 66% from around $44,500 to a peak of $73,800 in the two months following the Security and Exchange Commission’s approval of spot Bitcoin ETFs on January 10, according to The Block’s price page.

Source

www.tg-me.com/Binance_Coinbase_Bybit

💰 Coinbase brings back XRP support for New York residents

Cryptocurrency exchange Coinbase is re-introducing support for in New York. Coinbase Chief Legal Officer Paul Grewal said Thursday in a post on social media site X that New York-based customers will once again be able to buy and sell XRP on its website and mobile applications. The re-listing comes after Coinbase withdrew support for the token roughly four years ago due to a legal battle over the token's status as a security.

Source

www.tg-me.com/Binance_Coinbase_Bybit

💰 Farallon Capital discloses $85 million in GBTC, Cetera discloses $22 million in GBTC

Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management have reported multi-million dollar investments in spot Bitcoin ETFs in the first quarter. Farallon Capital, a San Francisco-based hedge fund manager, disclosed an $85.2 million investment in Grayscale’s GBTC on May 24. Based on Fintel data, the company is among the 10 firms with the largest GBTC positions.

Source

www.tg-me.com/Binance_Coinbase_Bybit

❄️ TON blockchain’s total value locked surpasses $300 million

The total value locked on The Open Network blockchain has crossed $300 million for the first time — an over tenfold increase since early March. The network is seeing locked value surge amid an 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 rolled out, the network's TVL went from $23 million in early March to the current $315 million, per DeFiLlama data.

Source

www.tg-me.com/Binance_Coinbase_Bybit

💰 Healthcare tech company shares surge 27% after announcing plans to buy bitcoin with cash reserves

Medical device maker and healthcare technology company Semler Scientific announced Tuesday it plans to buy bitcoin with its cash reserves and, almost immediately, the company's shares rose by as much as 27%. Semler Scientific's board of directors had "adopted bitcoin as its primary treasury reserve asset" and "purchased 581 bitcoins for an aggregate amount of $40 million, inclusive of fees and expenses," the company said.

Source

www.tg-me.com/Binance_Coinbase_Bybit

💰 Dormant Bitcoin Address Awakens After a Decade, Moves $9.8 Million in BTC

After a much quieter April, May has witnessed numerous dormant bitcoin addresses becoming active after years of inactivity. Notably, a significant holder from 2010 reappeared this month, spending 2,050 BTC from a cache of block rewards. Additionally, $9.6 billion in Mt Gox bitcoins was transferred on Tuesday morning. On the same day, May 28, 2024, at block height 845,533, another entity decided to transfer 145.89 BTC worth $9.8 million from a dormant 2013 address.

Source

www.tg-me.com/Binance_Coinbase_Bybit

💰 PayPal USD to go live on Solana blockchain

PayPal USD is going live on the Solana blockchain. Users of Solana, the world's third-most-utilized blockchain, can now use the Paxos-issued PayPal USD to facilitate cross-border transactions, such as remittances, as well as a variety of other transactions, according to a statement from PayPal on Wednesday. PayPal USD first launched on the Ethereum network last August.

Source

www.tg-me.com/Binance_Coinbase_Bybit

🪙 Fidelity’s spot ether ETF appears on DTCC under ticker FETH

Fidelity Investments' U.S. spot ethereum exchange-traded fund has been added to the Depository Trust and Clearing Corporation’s list of ETFs. The fund, named Fidelity Ethereum FD Beneficial INT, was included on the list under the ticker FETH. DTCC designated the ETF as a domestic fund, while under the create/redeem column, FETH was marked as “N,” which appears to indicate that it is not yet active.

Source

www.tg-me.com/Binance_Coinbase_Bybit

🏦 Coinbase accuses the SEC of trying to destroy the crypto industry in final push to get the agency to write rules

An appeals court should order the U.S. Securities and Exchange Commission to start writing rules for crypto, Coinbase argued in its final push for rulemaking. Crypto firms are caught in a "Catch-22," Coinbase said in its 36-page closing brief filed on Friday in the Court of Appeals for the Third Circuit. The SEC has asked firms to comply while also launching "scorched-earth litigation against those firms for their failure to do so," and has refused to write rules, Coinbase said.

Source

www.tg-me.com/Binance_Coinbase_Bybit