#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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➡️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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➡️CryptoQuant reports that short positions worth around $259 million were closed throughout the day.

💰Matrixport predicts that bitcoin could hit an all-time high within the next few days.

💰Standard Chartered expects approval for a spot ETH-ETF this week and confirms a year-end ETH target of $8,000.

🔴Fidelity has submitted an updated S-1 form to the SEC, indicating a withdrawal from staking.

🔥According to IntoTheBlock, 90% of ETH holders are in profit.

🔼QCP Capital suggests that if the spot ETH-ETF gets approved, ETH could rise to $5,000.

👀ETH whales have purchased over 110,000 ETH worth about $341 million in the last 24 hours.

💰Polkadot has launched a service for crowdfunding campaigns.

🔥 Gainers:
Lido DAO (#LDO): 2.31 USDT (+37.15%)
Pepe (#PEPE): 0.00001255 USDT (+34.94%)
Arbitrum (#ARB): 1.20 USDT (+25.14%)

💩 Losers:
The Sandbox (#SAND): 0.4676 USDT (-19.93%)
NEAR Protocol (#NEAR): 8.15 USD (-2.12%)
TRON (#TRX): 0.1267 USD (-1.64%)

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🔔Santiment notes an increasing number of stablecoins wallets, historically indicating growing liquidity.

💰Bitcoin mining difficulty has increased by 1.48%, reaching 84.38 trillion hashes. The network's average hash rate has again exceeded 600 EH/s.

💰According to The Block, the SEC may approve spot ETH-ETFs as early as today.

🔴According to Politico, U.S. lawmakers from the House of Representatives are urging the SEC to approve spot ETH-ETFs.

💰The CEO of BKCM stated that Solana might become the next target for launching a crypto-ETF.

🔥 Gainers:
Maneki (#MANEKI): 0.01096101 USDT (+27.84%)
The Sandbox (#SAND): 0.5086 USDT (+11.4%)
Ethereum Classic (#ETC): 33.63 USD (+6.56%)

💩 Losers:
Dogwifhat (#WIF): 2.88 USDT (-10.93%)
The Graph (#GRT): 0.3194 USDT (-8.2%)
Solana (#SOL): 170.91 USDT (-6.08%)

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⭐️On 23rd May, the net inflow into spot bitcoin ETFs was $107.9 million.

💰The SEC has approved the applications for all spot ETH-ETFs.

🎤The CEO of ConsenSys stated that the approval of spot ETH-ETFs signals that the SEC considers ETH a commodity rather than a security.

➡️According to Bloomberg Intelligence, spot ETH-ETFs will comprise 10-15% of BTC-ETF assets. Institutional interest in ETH is much lower than in bitcoin.

💰The Total Value Locked (TVL) in the Toncoin network is growing faster in 2024 than in other networks – up 1500% since the beginning of the year.

💰The number of active addresses on Arbitrum has reached a record high of 1.1 million.

🔥 Gainers:
Lido DAO (#LDO): 2.47 USDT (+16.01%)
Maneki (#MANEKI): 0.012136 USDT (+11.08%)
Chainlink (#LINK): 17.33 USDT (+9.44%)

💩 Losers:
The Sandbox (#SAND): 0.4492 USDT (-11.83%)
Immutable (#IMX): 2.33 USDT (-8.96%)
Optimism (#OP): 2.55 USDT (-7.49%)

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