🪢 #Blockchain entrepreneur Justin Sun has expanded his cryptocurrency portfolio by acquiring 3.62 million EIGEN tokens, valued at approximately $28.23 million, from four distinct addresses.

🪢 In addition to this recent purchase, Sun's holdings include 665,000 #ETH, worth around $1.93 billion, with a significant portion staked across various platforms.

@tokenize 🤑 | @cryptonerds 🤑

🤑 Ethereum's average gas fee has plummeted to 6 Gwei, the lowest since January 2020, due to the Dencun upgrade and reduced on-chain activity.

🪢 With the proposed multi-dimensional gas upgrade, #Ethereum aims to optimize resource management, promising enhanced throughput and ecosystem maturity.

@tokenize 🤑 | @cryptonerds 🤑

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Bloomberg ETF analyst Eric Balchunas said that the U.S. 🇺🇸 SEC may reject #Ethereum💰 spot ETF on May 23, and approval may not be until the end of 2025.

@tokenize 🤑 | @cryptonerds 🤑

🪢 Metaplanet Inc, a #Japanese company, has bolstered its Bitcoin holdings by purchasing an additional 18.8698 BTC for 200 million yen ($1.2 million), raising its total #Bitcoin assets to 117.7217 BTC, worth 1.2 billion yen ($7,708,020).

@tokenize 🤑 | @cryptonerds 🤑

🪢 Dormant #Bitcoin Address Activates After 10.7 Years, Transfers 500 BTC which is estimated to be worth around 30.51 million USD.

@tokenize 🤑 | @cryptonerds 🤑

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🇺🇸 Donald Trump promises major tax cuts for all Americans if elected president. 

"Instead of a Biden tax hike, I'll give you a Trump middle class, lower class, business class, big tax cut. You're gonna have the biggest tax cut."

@tokenize 🤑 | @cryptonerds 🤑

🪢 El #Salvador, now offers public access to #Bitcoin investment data through a personalized mempool.

🪢 The latest mempool data reveals that El Salvador currently holds 5,748.76 BTC valued at over $352.8 million.

@tokenize 🪙 | @cryptonerds 🪙

👉 #Coinbase has launched TransFi in the Asian market.

🪢 This initiative is particularly focused on the Philippines, Vietnam, and Indonesia, integrating with Coinbase Wallet to utilize popular local payment methods.

@tokenize 🪙 | @cryptonerds 🪙

👉 The North Korean hacking group Kimsuky has launched cyber attacks on South Korean #cryptocurrency firms using a new malware called “Durian.”

🪢 This multifunctional malware infiltrates systems by exploiting legitimate security software and enables command execution, file downloads, and data theft.

@tokenize 🪙 | @cryptonerds 🪙

🪢 Metaplanet has adopted #Bitcoin as a reserve asset, aligning with MicroStrategy’s Bitcoin-focused strategy.

🪢 This decision comes as #Japan faces a debt-to-GDP ratio over 250%, prompting Metaplanet to seek stability in Bitcoin against the yen’s volatility.

🪢 The Bank of Japan’s low interest rates, in contrast to the Fed’s higher rates, have contributed to the yen’s 50% fall against the dollar since 2021.

@tokenize 🪙 | @cryptonerds 🪙

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🪢 A Visa and Allium Labs report has highlighted that 90% of stablecoin #transactions are automated, with only 10% being human-driven.

🪢 Despite this, the stablecoin market is expanding, with 27.5 million active users and significant volumes of human transactions, indicating a positive trend in crypto adoption.

🪢 Traditional finance entities like #PayPal and #Visa are entering the stablecoin space, signaling its growing appeal.

🪢 Algorithmic trading, a mainstream practice in other asset classes, is becoming prevalent in #crypto.

🪢 With AI's influence on trading expected to grow, the report's findings prompt a broader discussion on the future of #stablecoins and their regulatory landscape.

@tokenize 🪙 | @cryptonerds 🪙

🪢 #BounceBit has successfully transitioned from a test network to a fully operational #blockchain with the launch of its mainnet.

🪢 This independent Layer1 #network uses BB as its Gas #fee token and has introduced an array of new features, including node #staking, Premium Yield generation, #liquidity custody, and cross-chain capabilities.

@tokenize 🪙 | @cryptonerds 🪙

🪢 The U.S. Bitcoin spot Exchange-Traded Fund (ETF) experienced a significant capital influx yesterday, receiving a net inflow of around $66 million.

@tokenize 🪙 | @cryptonerds 🪙

👉 Deutsche Bank analysts have predicted that most stablecoins are likely to fail. This conclusion was drawn following an internal analysis of 334 currency pegs over the past 200 years.

🪢 The analysts stated that the few foreign exchange pegs that have maintained their value since 1800 operated with credibility, reserves, and a tightly controlled environment, attributes they believe most stablecoins lack.

👉 #Tether (USDT), the world's largest stablecoin with a market cap of $110 billion, was singled out for criticism. The analysts described it as a monopoly in the #stablecoin market, characterized by speculation and a lack of transparency.

@tokenize 🪙 | @cryptonerds 🪙