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Top crypto news on May 22, 2024 from the #Trustee team ‼️ A ticker for a spot Ethereum-ETF from VanEck has appeared on DTCC. Earlier, Barrons said the SEC is leaning towards approving the funds. Arthur Hayes said the SEC is under pressure from the banking lobby, interested in «want ETFs on anything [people] want to buy». 🎬 Circle, the issuer of the USDC stablecoin, has launched a media campaign called Money Is Now Open. It will present USDC as a digital currency «аvailable 24/7», transparent and «open for everyone». 🚂 Matrixport believe that if spot Ethereum-ETFs are launched, SOL could be the next candidate to launch the funds. Analysts, on the other hand, are confident that Solana will benefit from any decision. 🎩 Donald Trump, as promised, has launched campaign donation collection in cryptocurrency. All digital assets supported by Coinbase Commerce are used for this purpose — BTC, ETH, Solana, DOGE, etc. ⛑ Uniswap Labs urged SEC US to drop the lawsuit — it had previously received a Wells notice. They noted that UNI token is not a security, when as the SEC considers it an «investment contract». -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 21, 2024 from the #Trustee team ‼️ Galaxy Research believes the launch of spot Ethereum-ETFs depends on staking as a key hurdle. It's likely that the SEC may designate sETH (stacked ETH) as a security when Ethereum itself would not be classed as such, opening the way for approval. 🎬 Galaxy Research's Alex Thorne's findings confirm that Fidelity and ARK 21Shares issuers have filed updated SEC filings removing references to steaking. NASDAQ and CBOE will also make edits. ⏰ Standard Chartered then predicted ETF approval by the end of May, adding that the funds would see inflows of between $15bn and $45bn in the first year, with the ETH exchange rate rising to $8000. 🎩 Binance will launch an initiative to support projects with a low capitalisation to FDV, fully diluted value ratio. Previously, Binance Research released a report on the risks associated with such tokens. ⛑ Vitalik Buterin called for an protocol for transactions between L2 nets with integration into wallets. He believes that the main problem is that all L2 solutions are not perceived as a «unified Ethereum». -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 20, 2024 from the #Trustee team 🎁 Bloomberg's Eric Balchunas increased the chances of Ethereum-ETF approval from 25% to 75%. He reported that he had «hearing chatter this afternoon that SEC could be doing a 180 on this». The news caused the ETH rate to surge 20% to $3,600. The BTC is at $71,000. 🦾 Vitalik Buterin agreed with the critique of Ethereum. In response, he published a post where he addressed three main problems: MEV, liquid staking, and high hardware requirements of network nodes. 🚂 CEO Grayscale Michael Sonnenschein has left the post. CEO DCG wrote that Sonnenschein had been with the company for 10 years and played a key role in its entry into the spot Bitcoin-ETF market. 🎬 According to Etherscan, the Gala Games project may have been hacked — 5,000,000,000,001 GALA were printed in its system. After this news, the token's rate fell by 15% against the market trend. 📵 The Paraguayan government will study a bill to combat illegal cryptocurrency mining — it implies imprisonment for up to 10 years. Earlier, a mining has been banned in Venezuela to electrical control. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 19, 2024 from the #Trustee team ⛑ According to Bloomberg, cryptocurrency exchange Kraken may stop supporting USDT in EU countries after MiCA approval. The company's manager said that there are no plans for delisting yet. 🎱 Venezuela will shut down cryptocurrency mining farms to reduce electricity demand. For this purpose, the Department of Energy has initiated monitoring of users with high energy consumption. 🚀 The co-founder of Syncracy Capital believes the Solana (SOL) rate will soon return to $200, signalling the achievement of a ATH. Solana network was previously named the fastest blockchain (1,053 TPS). 🎬 Binance Research noted that tokens with a total value of $155 billion will be unlocked between 2024 and 2030, which they believe will put a lot of pressure on the cryptocurrency market. ⏰ A US court has approved Genesis' liquidation plan. Already at the end of May 2024, the creditor will start recovering assets frozen since November 2022 after the collapse of FTX, 3AC and other companies. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 17, 2024 from the #Trustee team 🚂 CoinGecko have identified the fastest blockchains. The first place is Solana with 1053 TPS, that's 46 times faster than Ethereum. Then Sui (854 TPS), DSC (378 TPS), Polygon (190 TPS) and TON (175.5 TPS). 🏆 The Notcoin team has sent 1.03bn NOTs ($6.8m) raised by the game's community to Pavel Durov's balance sheet. The Telegram CEO said he will hold the NOT tokens received until their value grows to $680 millions, and also spoke about the project's success. 🇫🇷 The French financial regulator has warned citizens about the possible blocking of Bybit's website, saying the cryptocurrency exchange has been blacklisted since 20 May 2022 for breaking laws. 🎱 Entrepreneur Andrew Tate has announced that he has decided to completely «get out of fiat and invest over 100 million in BTC» as he is tired of banks. Blockware called the decision «common sense». 📵 «Synthetic» stablecoin sUSD has collapsed to $0.92, losing its peg to the dollar — a major liquidity provider has withdrawn from the pool, triggering a wave of redemptions. The sUSD rate is now $0.978. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 16, 2024 from the #Trustee team 🚂 Tether has partnered with the TON Foundation and the Oobit service «to create seamless crypto-payment solution»". Earlier, Tether launched support for the USDT stablecoin on the TON network. 🦾 CEO DWF Labs said that hundreds of Notcoin and NOT token analogues will soon appear on TON, looking to replicate their success. NOT was listed on three major exchanges yesterday. ⛑ Meanwhile, the Notcoin team announced future plans: a major NOT burn, development of the gaming ecosystem, the imminent launch of the first game, and contests for developers. 🎩 CME, the Chicago Mercantile Exchange, is poised to launch spot trading of Bitcoin (BTC), «aiming to capitalise on surging demand» among Wall Street managers to gain exposure to the crypto sector. 🎁 Millennium Management has invested $1.94 billions in spot Bitcoin-ETFs — 3% of its assets. The State of Wisconsin Investment Board also contributed to the fund — to the tune of $164 million. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 15, 2024 from the #Trustee team 🚀 Galaxy Digital CEO predicted Bitcoin exchange rate to $75,000 by the end of June 2024. Meanwhile, BTC price climbed above $64,000 amid news of lower inflation in US — 3.4% with a forecast of 3.5%. ♟ Circle, USDC stablecoin issuer, has filed paperwork with an Irish court to change jurisdiction — it will move its headquarters to the United States. This move is most likely part of preparations for IPO. 🌋 In June 2021, El Salvador's president announced the launch of Bitcoin mining using geothermal energy. Now, three years later, it has been revealed that the country has mined 473.5 BTC from a station at the Tecapa volcano. Today, El Salvador owns 5,750 BTC. 🥷 Authorities in China have uncovered a «shadow» bank using the Tether to illegally exchange for yuan. According to investigators, the bank had a turnover of about 13.8 billions yuan (almost $1.9 billion). 📕 Changpeng Zhao, in response to a request to write a book on the crypto leaders, said he plans to do so as he is looking forward to «some quiet time». In April 2024, he was sentenced to four months in prison. He stepped down as CEO Binance in 2023, after a guilty plea. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 14, 2024 from the #Trustee team ⛑ Ethereum founder Vitalik Buterin proposed the creation of EIP-7706, a standard to enable «multi-dimensional» comission pricing. A week earlier, he introduced EIP-7702, a standard to simplify the implementation of account abstraction (new type of wallets). 🦾 OpenAI has introduced a new version of ChatGPT — GPT4o (omni). It is capable of understanding and outputting data in the form of text, audio and images. Within 24 hours, the capitalisation of the AI token sphere grew by 17.4% to reach above $30 billions. 🚂 Ethena Labs, the issuer of the «delta neutral synthetic stablecoin» USDe, has unveiled a roadmap for 2024. Their goal: «convergence» of TradFi with CeFi and DeFi finance in the single crypto ecosystem. 🎮 The number of active players of the web3-game Pixels reached 1 million per day. The project also ranked second in the number of active wallets per month — 2.04 million with a total of 3.7 million. 🚀 100% of investors in the PEPE meme project made profits as it reached a new all-time high for the token. During the last month, its exchange rate rose 112% and its capitalisation reached $4.7 billions. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 13, 2024 from the #Trustee team 🧲 Analyst Jamie Coutts believes that the total value of smart contract platforms by 2030 could be between $15 trillion and $25 trillion. The main condition for this growth will be their use by AI agents (40% of the total number of daily customers). 🗿 According to Bitfinex, the market silence may last until the third quarter, after which it will return to the growth phase. Sentiment in this case will be most negative before the trend reversal. 🚂 The TON team reported that the TON-based USDT reached 200 million in circulation less than a month after launch, setting a record «as the fastest growing launch in the history of Tether’s USDT». 🎱 Many Chinese officials who receive payment in digital yuan immediately change it to cash. They don't use CBDC because of the inconvenience, lack of interest and weak application. ⛑ The CEO Ripple said that the US is monitoring Tether's activities. He believes that «a black swan» level event awaits the market in the future. CEO Tether reminded that Ripple is under investigation by the SEC and wants to launch its stablecoin by the end of 2024. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin

Top crypto news on May 12, 2024 from the #Trustee team 🍎 Twitter founder and Block CEO Jack Dorsey believes Bitcoin will be above $1m by 2030. Previously, analyst Colin Wu predicted BTC «fair rate» at $1m by 2035 based on the network's user growth curve. 🎱 JPMorgan has invested $760 000 in five spot Bitcoin-ETFs. Hightower's $68 million investment in six ETFs and SIG's $1.2 billion investment in seven BTC funds were also revealed. ⛑ The US Department of Justice has selected consulting firm Forensic Risk Alliance (FRA) — as a monitor of Binance. It will monitor the crypto exchange's activities for three years. 🎩 Bitcoin Magazine's CEO David Bailey said that Donald Trump's team, along with the magazine's editorial team, has developed a «their Bitcoin and crypto policy agenda». The document will be signed on the first day of business, should Trump win, he said. 📕 Deutsche Bank published a report on stablecoins. Experts estimated that 49% of tokens fail within 8-10 years and questioned the solvency and transparency of Tether USDT. At the same time, the last report of the stablecoin issuer was released on 01 May. -------------------------------------------------- Website | Blog | Twitter | Facebook | Medium | Linkedin