US 3-month Treasury auction bid-to-cover ratio as of May 12

Months of red wiped out in one day. $PSL just did this & many other coins will too. I said it before & i say it again now ⬇️.

$15 Billion to $45 Billion Inflows Expected Markets are closely watching the U.S. Securities and Exchange Commission (SEC) as the regulator nears deciding whether to approve spot ether exchange-traded funds (ETFs). Anticipation is high due to upcoming deadlines for spot ether ETF proposals by Vaneck and Ark Invest/21shares on May 23 and 24, respectively. Geoff Kendrick, Head of FX and Digital Assets Research at Standard Chartered, has revised his forecast and is now “80% to 90%” confident that the SEC will approve spot ethereum ETFs this week, the Block reported Tuesday. This updated prediction contrasts with his April outlook, when he expressed doubts about the SEC approving spot ethereum ETFs in May. The analyst detailed: After approval, we estimate that spot ETFs will drive inflows of 2.39-9.15 million ether in the first 12 months after approval … In U.S. dollar terms, that equates to roughly $15 billion to $45 billion. Kendrick also expects ether to maintain its price ratio of 5.4% with bitcoin throughout 2024, potentially reaching $8,000 if BTC hits $150,000 by year-end. “Given that we now see bitcoin reaching the $150,000 level by end-2024, this would imply a level of $8,000 for ether,” he shared. Market expectations are also shaped by broader trends and regulatory developments. The potential reelection of former President Donald Trump is perceived as positive for the crypto market, with anticipated favorable regulatory conditions that could further drive cryptocurrency adoption and prices. Kendrick said earlier this month: “We think that a second Trump administration would be broadly positive via a more supportive regulatory environment.”#BTC##HotTopicDiscussion##比特币#

In addition to XDB, XCN, PAW continue to hold, today I bought a new PSL currency, and I haven't bought much before pulling it up

Gate.io Today's Gains List📈 The market is picking up, and Bitcoin continues to rise, driving the upward trend of other currencies😍 Several popular topical currencies have also been listed on the list💡 Did you seize this opportunity? Come and leave a message in the comment area to share your record🚀 #PIAS #POGAI #ASTRA #PSL #MONG

Berachain is a Layer 1 network featuring a PoL mechanism, currently undergoing Testnet, attracting numerous protocols to participate. The ecosystem includes various projects such as DEX, liquid staking, and lending, like BEX and Honeypot Finance. By utilizing complex financial products and community culture, it aims to drop the participation threshold for users and promote ecosystem growth. The Mainnet is about to launch, which is expected to significantly enhance Liquidity and TVL.