📈Market Colour
🔶 BTC: Despite strong inflows from Spot BTC ETFs over the past two weeks, BTC struggles to find upward momentum. @QCPgroup & @Bitfinex analysts believe that BTC price is hampered by Mt. Gox’s liquidation uncertainty that will hit the market by October 2024.
🔶 ETH ETFs: After the 19b-4 forms were approved on May 23rd, the SEC has asked issuers to hand in their S-1 forms by May 31st in order to commence trading. @vaneck_us were the first ones to submit their S-1 filings followed by @BlackRock and @Grayscale who submitted their fillings in the past 2 days. @Bloomberg analyst predicts trading to commence on July 4th.
🔶 PolitiFi Memecoins: This sector continues to draw attention as #DonaldTrump becomes the first former President to be convicted of criminal charges. Trading volume of various Trump-related memecoins have surged since the conviction with $STRUMP falling 25% in the last 24 hours.
Analysts predict that this sector will continue to draw attention until the US elections are completed in November 2024.
#tradinginsights #crypto #cryptotrading
Cybersecurity remains a major concern, as both AI and blockchain systems are targets for attacks. Ensuring robust security measures and safeguarding against threats like data breaches and smart contract vulnerabilities is critical
Join us TOMORROW on TPRO Network as we go live with the one and only Mike Satoshi (Polish Live Stream)🎙️
🗓️Date: Sunday 2nd June
🕒Time: 19:30 CET
Link: https://t.co/LUQnuhSqIM
Don't miss out on exclusive insights, crypto trends, and your chance to ask Mike your questions! 💬
Utility projects have a hard time rn, but I just keep track and focus on my utility bags on top of my memes.
Ever since I shared $NIMBUS, they've been delivering non stop.
Now they are entering the $TAO ecosystem with mining, can't wait when the fomo kicks in
Russian Firms Use Crypto to Dodge Sanctions
Two major Russian companies are using $USDT and other cryptocurrencies to conduct cross-border transactions with China to bypass UK and US sanctions, according to Bloomberg. Executives from two top Russian metal trading firms said they use USDT for transactions with Chinese clients and suppliers.
Sanctions following the Ukraine war have made payments difficult for Russian commodities firms. In April 2024, the London Metal Exchange and Chicago Mercantile Exchange banned Russian metal exports due to sanctions.
Ivan Kozlov, CEO of Reslov Labs, said countries facing dollar shortages and capital controls commonly use cryptocurrencies and stablecoins for cross-border settlements.
Venezuela’s state oil company also plans to increase its use of crypto due to new US sanctions. Previously, it had slowly adopted USDT for oil sales, but sanctions have accelerated this transition.
The sanctioned crypto exchange Garantex is under investigation by the UK and US for allegedly using $20 billion in USDT to evade sanctions. A smuggler reportedly used Garantex to buy weapons for the Russian military. Garantex is also linked to a convicted gang member, a violent debt collection agency, and a state-backed Russian oil company.
I think $LINGO is going to be a winner this cycle. They are delivering more than expected, and the fundamentals are improving each week.
The growth they have had so far is also impressive. 150K new users and 2.5M tweets in a few days is incredible.
Keep an eye out for this one!
▶️$Fias Public Sale is NOW LIVE! ▶️
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Dive into a new era of blockchain gaming and digital asset ownership with $Fias.
Final chance before TGE on June 11th. Don’t miss out!
#FIAS#DevvE#Crypto#BlockchainGaming
Investing in Web3 projects shouldn't be daunting!🚀 But it's crucial to consider several factors before diving in.
Check out our latest Medium article on the "5 Factors To Consider When Investing in #Web3" 👇🏻 https://t.co/Nx7CRrEubr
#Trailblaze#CryptoInvesting#Multichain
Introducing @inkfinance, a RWA narrative project, SaaS protocol for #Web3 finance, offering an integrated framework for dApps in financial governance. 🌐
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👀 Something special is afoot... A curious entity is swimming in the depths of Telegram, almost ready to show its presence...👻
😲 Get ready Dormint fam, we have a HUGE surprise for you just around the corner, so stay tuned 😱