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Check out how high SHIB can spike in the following months (according to some popular analysts).
Rep. Wiley Nickel, a crypto-friendly lawmaker, seemed optimistic that the measure to overturn SAB 121 would pass the Senate this week, noting that it had previously passed the House with bipartisan support. Earlier in the day, Nickel penned a letter to Gensler, calling on him to withdraw SAB 121.
Bitwise CIO Matt Hougan said bitcoin allocations revealed in recent 13F filings with the SEC are just a “down payment.”About six months after an initial allocation, Hougan said he’d expect allocations to rise to 1-5% of professional investor portfolios on average.
Van Buren Capital General Partner Scott Johnsson unearthed an overlooked detail in a March spot Ethereum ETF filing on Tuesday. Analysts suggested the filing showed the SEC is potentially considering ETH a security in likely spot ETF denials this month.
Bitcoin rallied alongside stocks following cooler U.S. inflation data for April.The largest digital asset by market cap increased 3% in the past 24 hours.
MicroStrategy, whose bitcoin holdings are currently valued at $13.5 billion, will be added to the MSCI World Index, effective May 31.The addition follows a surge in the price of MicroStrategy’s stock — which up more than 87% year-to-date.
- 01:22The transaction volume of the Bitcoin network has dropped to a low point of nearly 12 months, down 55% from its peakOdaily Planet Daily reports that data shows the 7-day moving average of Bitcoin network transaction volume has dropped to 330,000 transactions, hovering near a 12-month low. This is a significant decrease of 55% compared to the peak value of 730,000 transactions in the network's history. The fees generated by Runes in the past 30 days have fallen to less than $20,000, while on its release day Runes generated fees of $60 million. This indicates that market speculation activity has shifted towards other blockchain ecosystems. According to Memepool data, current Bitcoin network transaction fees are temporarily reported at 3 Sats/s.
- 01:21Yesterday, the net outflow of Grayscale Bitcoin Trust (GBTC) was 47 million US dollars, and the net inflow of Mini BTC was 6.5 million US dollarsGolden Finance reports, according to Farside Investors data, yesterday Grayscale GBTC had a net outflow of 47 million US dollars, and Mini BTC had a net inflow of 6.5 million US dollars. The net inflow/outflow situation for Grayscale ETHE and Mini ETH was both zero.
- 01:20Federal Reserve Logan: If the labor market remains strong, better inflation data does not necessarily mean that the Federal Reserve can cut interest ratesChainCatcher news, according to CaiLianShe reports, Federal Reserve's Logan stated that if the labor market remains strong, better inflation data does not necessarily mean that the Fed can cut interest rates. Even with better inflation data, changes in interest rates should be treated cautiously; Inflation data for the next few months will be very important; Geopolitical and policy changes also need attention; He is carefully observing the impact of these factors on the economy.