#DailyNews

🔥The weekly report from Coinshares on cryptocurrency product flows indicated an inflow of $130 million for the past week.

🔔According to Santiment, most altcoins are currently experiencing both oversold and overbought conditions.

💰Based on their analysis of bitcoin's price growth post-halving, Pantera Capital predicts that the coin could surge 4.2 times by August 2025.

🔴In the last week, the inflow into spot bitcoin ETFs in the US totalled $113.8 million.

📌CryptoQuant notes that long-term holders have ceased selling bitcoins, confirming the evident support that emerged in 2021.

💰Kryptanium Capital forecasts that the price of ETH may decline to $2,600.

🔥 Gainers:
MANEKI (#MANEKI): 0.00612967 USDT (+35.09%)
FLOKI (#FLOKI): 0.00019008 USDT (+11.36%)
Pepe (#PEPE): 0.00000925 USDT (+8.26%)

💩 Losers:
Axie Infinity (#AXS): 6.89 USDT (-43.88%)
Enjin Coin (#ENJ): 0.2625 USDT (-17.9%)
The Sandbox (#SAND): 0.422 USDT (-14.16%)

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📈Santiment reports that meme coins are rising again thanks to Roaring Kitty's comeback.

💰Tether has partnered with RAK DAO to boost crypto education in the UAE.

👀According to Coindesk, the crypto market's calm might last until summer, but the latter half of the year looks quite optimistic.

🔴Glassnode's on-chain indicators aren't showing any improvement in dynamics, sparking concerns about the stability of the current crypto market conditions.

💰According to Glassnode, bitcoin's critical support level is around $66,200, and 410,000 coins were traded at this level.

⚠️Bitcoin's hash rate continues to drop as miners shut down unprofitable facilities post-halving.

🔥 Gainers:
Kamino (#KMNO): 0.0759995 USDT (+18.74%)
Pepe (#PEPE): 0.00001044 USDT (+12.13%)
Enjin Coin (#ENJ): 0.2798 USDT (+6.83%)

💩 Losers:
Render Token (#RNDR): 10.12 USDT (-9.56%)
Ethena (#ENA): 0.7085 USDT (-8.28%)
Toncoin (#TON): 6.66 USDT (-8.04%)

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➡️According to K33 Research, in the first quarter of 2024, 937 professional market participants invested in spot bitcoin ETFs.

🔝Traders expect BTC to return to its highs in the coming weeks amid increased demand from institutional investors.

🔴On 15th May, the net inflow into spot bitcoin ETFs was +$303 million.

💰CryptoQuant anticipates increased BTC volatility due to an influx of stablecoins into the market.

💰According to Santiment, whales have started actively accumulating XRP since late April.

💰Andrii Hrachov, the founder of DWF Labs, stated that hundreds of projects will soon be launched on the TON blockchain.

🔥 Gainers:
MANEKI (#MANEKI): 0.00724401 USDT (+21.93%)
Immutable (#IMX): 2.39 USDT (+17.58%)
Sui (#SUI): 1.04 USDT (+8.49%)

💩 Losers:
Render (#RNDR): 9.99 USDT (-8.98%)
Pepe (#PEPE): 0.00000993 USDT (-8.98%)
Enjin Coin (#ENJ): 0.2709 USDT (-8.49%)

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➡️The weekly report from Coinshares on financial flows into crypto products revealed an inflow of $932 million.

🔥According to SoSovalue, 128 days after their launch, U.S. spot bitcoin ETFs have amassed 548,556 BTC worth $36 billion.

🔴Glassnode reports that the bitcoin balance on centralised crypto exchanges has dropped to a five-year low of 2.3 million BTC.

💰Santiment has observed signs of capitulation among small bitcoin wallets, historically a bullish signal.

💰ETF Store President Nate Geraci announced that the SEC will decide on the spot ETH-ETF this week.

💰IntoTheBlock reports that, over the past 30 days, LTC whales have accumulated 2,751,633 LTC.

🔥 Gainers:
The Sandbox (#SAND): 0.5865 USDT (+34.87%)
Dogwifhat (#WIF): 2.67 USDT (+8.36%)
Kamino (#KMNO): 0.06499997 USDT (+8.33%)

💩 Losers:
MANEKI (#MANEKI): 0.00957149 USDT (-4.28%)
Enjin Coin (#ENJ): 0.3008 USDT (-4.14%)
Tezos (#XTZ): 0.953846 USD (-2.39%)

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💰The number of new addresses on the Bitcoin network remains at an annual low.

💰The Ethereum network is seeing a significant increase in the number of small addresses holding less than 10 ETH. This figure has grown by 22.5% over the past year, reaching 121.74 million addresses.

🔴According to CryptoQuant, long-term holders have significantly increased their ETH purchases.

➡️The spot ETH-ETF by VanEck has been registered on DTCC under the ticker ETHV.

🔔Analysts warn that the approval of the ETH-ETF could trigger a "sell the news" event.

🔥 Gainers:
Dogwifhat (#WIF): 3.16 USDT (+14.9%)
Degen (#DEGEN): 0.01853 USDT (+12.3%)
Enjin Coin (#ENJ): 0.3408 USDT (+6.45%)

💩 Losers:
Maneki (#MANEKI): 0.00860003 USDT (-9.92%)
Optimism (#OP): 2.68 USDT (-8.53%)
Lido DAO (#LDO): 2.08 USDT (-7.79%)

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