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We have come to the end of another day in the cryptocurrency industry. Contrary to the previous process, Bitcoin (BTC), the leading cryptocurrency that has gained value as of today, managed to rise to its ATH level of 69 thousand dollars in 2021. Although BTC, which faced selling pressure again after this attempt, experienced some decline, it seems that it has started to recover again in recent hours. With Bitcoin's increases, the leading altcoin Ethereum (ETH) also gained value. ETH's gains have had a positive impact on the entire market. Let's take a look at today's most increasing altcoins: What Are Today's Highest-Earning Altcoins? According to data from CoinMarketCap, a successful data provider, today's highest-earning altcoin among the top 500 cryptocurrencies was Pundi X New (PUNDIX). ORB has experienced a 47% increase in the last 24 hours. Apart from PUNDIX, it managed to gain more than 25% in ATA, MPLX, CAH, WMT, ANT PENDLE and FX, respectively. Bitcoin's rise above $70,000 in the coming days may ensure that the rises in altcoins continue. #ContentStar# #HotTopicDiscussion#

GT Up Nearly 20% in 24 Hours, Three Well-Known AI Projects Conduct "Token Merge", Hackers Who Attack Munchables Return Funds...

$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#

Gold price trend: The rebound is just a flash in the pan, three factors are bearish on the prospect of gold! Risk factors boost gold prices, alert to challenges posed by the Federal Reserve Gold prices rose sharply on Friday, buoyed by a slightly lower dollar and a hit to risk sentiment. However, risk sentiment was mainly affected in the United States and Europe, and to a lesser extent. One of the largest strikes by the United Auto Workers union (UAW) began on Friday, leaving the auto industry weakened. Meanwhile, the tech-heavy Nasdaq 100 was hit by news that Taiwan Semiconductor Manufacturing Company (TSMC) was asking suppliers to delay deliveries. Another factor in market jitters was a visit by North Korean leader Kim Jong Un to a Russian jet factory. As the war in Ukraine drags on, Moscow is trying to win over its neighbors. Gold, as a natural safe-haven asset, tends to rise on such news, and this has proven to be the case. However, this rebound in gold prices may only be short-lived, as the upcoming Federal Reserve interest rate decision may bring huge challenges to gold price trends. Higher-than-expected headline inflation in August should be enough for Jerome Powell to stress that the Fed will keep interest rates on hold. Rising oil prices had an impact on headline inflation last month - which could keep the U.S. dollar well-supported, potentially putting pressure on gold. The Federal Reserve will also release a summary of its economic forecasts this time. If it releases information about interest rates peaking, it may mean another interest rate hike before the end of the year. However, given the sharp rise in oil prices, the market will pay close attention to inflation forecasts. If the Fed, like the ECB, sees upside risks to the inflation outlook, the dollar could strengthen further, putting pressure on gold. Gold Price Technical Analysis: Breakout Not Confirmed Yet At the end of last week, gold prices tested the 200-day simple moving average (SMA), with short-term resistance focused on $1,937. On Friday's daily chart, gold prices were already showing weakness at $1,930, as they were last Monday. Support is focused on $1,915, followed by a swing low of $1,901. Japan’s potential FX intervention could impact gold prices The U.S. 10-year Treasury bond yield continues to move higher. As of this writing, the U.S. 10-year Treasury bond yield is about 4.33%, trying to refresh the annual high of 4.36% reached in August. U.S. Treasury yields have been in focus recently, especially if Japan's Ministry of Finance instructs the Bank of Japan to intervene in foreign exchange markets to defend the yen. As the world's largest holder of U.S. Treasuries, Japan may decide to sell its Treasuries to obtain U.S. dollars and sell those dollars in exchange for yen. Since bond prices are inversely related to yields, a sell-off in U.S. Treasuries would push yields higher — which could pose greater challenges for gold prices. (Source: Dailyfx-Richard Snow)

In the second quarter of 2023, there was a significant decline in the number of mergers and acquisitions (M&A) in the crypto industry, with a 50% decrease in intra-sector deals. While the first three months of 2023 saw a record quarterly high of 54 transactions, the number dropped to 32 between April and June, as reported by crypto advisory firm Architect Partners. The decline in M&A activity was mainly driven by a decrease in intra-crypto deals, which fell by 50% from 36 to 18. However, "bridge" transactions, involving deals between crypto and non-crypto companies, experienced a lesser decrease, dropping from 18 to 14. Out of the 32 M&A deals in the second quarter, ten disclosed the acquisition costs, totaling $370 million. This is in contrast to the previous quarter, which had approximately $400 million in disclosed transaction volume. The disparity is notable compared to the peak in the first quarter of 2022, where the disclosed transaction volume reached $1.6 billion. The number of crypto M&A transactions in the first half of 2023, amounting to 86, lags behind the record pace set in 2022 when there were 204 transactions, representing a 13% increase from 2021. Several significant deals took place during the second quarter. One notable transaction was Laser Digital's acquisition of Elysium Technology Group, a post-trade solutions provider for foreign exchange (FX) and digital assets. Laser Digital, the digital asset business of Japan-based financial services firm Nomura, acquired Elysium for an undisclosed amount. Elysium's offerings, such as trade settlement, real-time position reporting, and a securities database with digital asset symbology, provide essential infrastructure for capital markets. Institutional-grade, cross-asset functionality is expected to drive decision-making in the crypto space. Another notable transaction was Ripple's acquisition of crypto custody tech provider Metaco for $250 million in mid-May. Metaco's Harmonize-branded product lineup is used by institutions like Citibank and BNP Paribas for trading, settlement, transfer, and custody of digital assets. Ripple, a specialist in blockchain-based international payments, aims to transform the cross-border payment market and facilitate the issuance and settlement of tokenized assets. The pending merger between Hut 8 Mining and US Bitcoin Corp, initially announced in February, is also a significant transaction in 2023. Upon completion, this merger will give the combined company a hash rate capacity of 7.5 exahashes per second (EH/s). #HotTopicDiscussion# #GateioBountyCreator# #ContentStar# #GateioLive# #GateioTurns10# #NewsMessenger# #BountyCreator# #CryptoObserves#