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Analysis suggests that miners moving BTC to exchanges spells bad news for Bitcoin’s price.
Promise of a token airdrop to reward heavy users of Ethereum if they try Solana, becomes fertile ground for fraud
Sei's SEI cryptocurrency reaches new high with 70% week-on-week surge driven by network milestones, technical advancements, and strategic partnerships.
Bitcoin spot ETF approvals becoming a sell-the-news event is the most likely scenario this month, according to K33 Research analyst Vetle Lunde.Lunde suggests a 75% likelihood of this outcome versus 20% for approval inflows propelling prices higher and a 5% probability that the filings are denied.
Quick Take Arbitrum and Optimism tokens have recorded significant price rallies over the past month and are trading near their all-time highs. The Arbitrum token reached an all-time high price of $1.83 today before a slight decline — marking a 60% rally over the past month.
- 09:05Low Liquidity and High FDV Token Unlocks May Trigger Selling Pressure, $155 Billion Expected to Unlock from 2024 to 2030PANews reported on May 20 that Binance Research stated in a report that the prevalence of high valuation and low initial circulation tokens has been a topic of discussion in the crypto community in recent months. This stems from concerns that such market structures leave little room for sustainable price increases for traders after token generation events ("TGE"). Data from CoinMarketCap and Token Unlocks confirm the growing trend of tokens being issued with low circulating supply and high valuations. Notably, approximately $155 billion worth of tokens are expected to be unlocked between 2024 and 2030. If buyer demand and capital flows do not increase correspondingly, the influx of tokens into the market could create selling pressure. Factors such as private market capital inflows, aggressive valuations, and optimistic market sentiment have contributed to the trend of issuing tokens with high fully diluted valuations ("FDVs"). The current market landscape requires investors to be selective and prudent when considering project fundamentals such as tokenomics, valuations, and products. Project teams may also need to consider the long-term impacts of decisions related to tokenomics design. Venture capital continues to play a significant role in the crypto industry and can collaborate with project teams to ensure fair supply distribution and reasonable valuations.
- 09:02Founder of Skybridge Capital: If you are not long Bitcoin, you are short BitcoinGolden Finance reported that Anthony Scaramucci, founder and managing partner of Skybridge Capital, discussed the institutional adoption of Bitcoin in an interview with CNBC. He emphasized that large institutions are continuing to accelerate the integration of BTC. In addition, Scaramucci said that if you are not long Bitcoin, then you may be short Bitcoin, because if you believe that this will be part of the long-term tactical asset allocation strategy of institutional investors, then at some point, you must be long Bitcoin. Bitcoin, so a lot of smart institutions are saying let me go long before it becomes part of the overall tactical asset allocation index, which I think is starting to happen now, which is very positive for Bitcoin.
- 08:42The Acala team proposes to shorten the lock-up period of ACA from the current 28 days to 14 daysAccording to reports on May 20, the Acala team recently posted a discussion on its forum, proposing to shorten ACA’s staking unlock period from the current 28 days to 14 days. This proposal aims to enhance stakers’ liquidity and flexibility while maintaining the stability of the staking mechanism. By implementing this change, Acala hopes to increase participation and appeal for ACA staking, thereby furthering network growth and active community participation.
