#DailyNews

⚠️The weekly report from Coinshares on crypto product flows revealed a $251 million outflow for the previous week.

🔴On 6th May, there was a net inflow of $217 million into spot BTC-ETFs.

💰In the past week, wallets holding 1,000+ BTC added over 10 thousand coins to their reserves.

💰Santiment notes a significant uptick in the Ethereum network, with the number of new wallets increasing by 196.7 thousand.

💰According to Santiment, there's increasing chatter about LTC among the crowd.

➡️With over 40 million daily transactions, Sui is significantly ahead of all Layer 1 blockchains.
🔥 Gainers:
Ethena (#ENA): 0.97 USDT (+9.8%)
PLC Ultima Classic (#PLCUC): 52.70 USDT (+4.87%)
Chiliz (#CHZ): 0.12748 USDT (+2.97%)

💩 Losers:
Kamino (#KMNO): 0.07 USDT (-24.56%)
MANEKI (#MANEKI): 0.008057 USDT (-23.68%)
Dogwifhat (#WIF): 3.24 USDT (-4.5%)

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#DailyNews

📈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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#DailyNews

➡️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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💰Bitcoin has been the most profitable asset of the year ten times over the past 15 years.

📣Ethereum developers plan to roll out the Pectra update in the first quarter of 2025.

💰Bloomberg reports that traders are betting on ETH reaching $5,000 amid the excitement surrounding spot ETH-ETFs.

💰Solana aims to release the full version of the Firedancer update in 2025.

📈According to Defilama, the TVL in the TON network has surpassed $300 million. Since March, TVL has increased more than tenfold.

💰CryptoQuant experts have observed a surge in large transactions in the TON network since April.

🔥 Gainers:
Notcoin (#NOT): 0.00693 USDT (+34.36%)
FLOKI (#FLOKI): 0.00027854 USDT (+23.13%)
Dogwifhat (#WIF): 3.27 USDT (+8.36%)

💩 Losers:
Kamino (#KMNO): 0.05500003 USDT (-15.35%)
Uniswap (#UNI): 11.06 USDT (-5.45%)
Ethena (#ENA): 0.90704702 USDT (-4.23%)

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🔥According to Grayscale, bitcoin is becoming highly relevant in the U.S. presidential race.

💰Data from Glassnode shows that long-term holders are accumulating bitcoin for the first time since December 2023.

💰Santiment reports that the number of active addresses on the Bitcoin network hasn't increased since mid-March.

💰On 28th May, spot bitcoin ETFs saw a net inflow of $45 million.

💰ETH trading volume on the spot market has been rising significantly since the approval of spot ETH-ETFs.

🔥Gainers:
Notcoin (#NOT): 0.0096 USDT (+8.12%)
Maneki (#MANEKI): 0.01514104 USDT (+7.66%)
Shiba Inu (#SHIB): 0.00002715 USDT (+7.14%)

💩Losers:
FLOKI (#FLOKI): 0.00027766 USDT (-7.34%)
Kamino (#KMNO): 0.05100002 USDT (-7.27%)
Ethena (#ENA): 0.8428 USDT (-6.96%)

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🔈Deutsche Bank stated that the future lies with blockchain, seeing it as an additional source of revenue for banks.

💰According to CryptoQuant, the MVRV indicator suggests that bitcoin is still in the middle of a bullish trend in this cycle.

✨The 60-day correlation between bitcoin and gold has been rising since December 2023 but is still significantly lower than its peaks in 2022.

💰Glassnode reports a sharp increase in the number of wallets with balances of 10,000+ ETH amid the topic of spot ETH-ETFs.

💰Standard Chartered predicts that the approval of spot ETH-ETFs could push the ETH price to $8,000 by the end of 2024 and to $14,000 by the end of 2025.

💰CryptoQuant observes strong accumulation of TON by large wallets with balances of 100,000 - 1 million coins.

👑SHIB (+12% in 3 days) and WIF (+30% in 3 days) are the most trending crypto tokens with growing support volumes.

🔥Gainers:
Kamino (#KMNO): 0.06399985 USDT (+25.24%)
Notcoin (#NOT): 0.01198 USDT (+24.27%)
Maneki (#MANEKI): 0.01644772 USDT (+8.87%)

💩 Losers:
Dogwifhat (#WIF): 3.47 USDT (-9.5%)
FLOKI (#FLOKI): 0.00025596 USDT (-7.81%)
Chiliz (#CHZ): 0.14525 USDT (-5.73%)

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