Tremor

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$SOL 's infrastructure can easily integrate into existing flows of traditional payment institutions, bringing more institutional adoption, according to Ran Goldi, vice president of payments at Fireblocks, who wrote:

"With confidential transfers, a basic payment requirement for high-volume processors, we'll see more names adopting the blockchain into their flows. The key, as I see it, is to ensure your blockchain can support the payment requirements 'under the hood' for compliance, regulation, and privacy."

Adding a confidential transfers feature could further unlock institutional partnerships for Solana, Goldi added:

"Doing that, along with the speed and huge liquidity, [Solana] can become a sharp tool in the hands of payment institutions."

According to DefiLlama data, Solana is currently the fourth-largest blockchain network with over $4.7 billion in TVL, representing 4.49% of the total TVL across all blockchains.

A Solana #ETF next?

Beyond the increase in institutional adoption, #Solana⁩ could be the next cryptocurrency to get an exchange-traded fund #ETFsApproval according to Tristan Frizza, the founder of Zeta Markets.

Frizza wrote in a note:

"$Sol is seen as one of the 'big three' cryptocurrencies alongside $BTC and $ETH , with many analysts expecting a Solana ETF soon. With major partnerships like Visa, Stripe, Shopify Pay, and PayPal, Solana's commercial and institutional adoption is likely to grow."

Hopes for a Solana-based ETF were first sparked in January, after a trillion-dollar asset manager Franklin Templeton praised Solana for its monolithic approach to blockchain scalability, calling it a "powerful use of decentralized blockchains," according to a January 17 X post.

CNBC Fast Money cryptocurrency investor and trader Brian Kelly also speculated that Solana could be the next cryptocurrency to get an ETF in the United States.

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Ether price analysis

Eth spiked above USD 3,730 on May 21, and bulls have held the price above the breakout level since then. This demonstrates that bulls are trying to convert the USD 3,730 level into support.

The 20-day EMA (USD 3,452) has started to turn up, and the RSI is in the overbought territory, indicating that the path of least resistance is to the upside. Buyers will try to push the price to the USD 3,950 to 4,100 zone. Sellers are expected to fiercely defend this zone as if bulls prevail, the ETH/USDT pair could skyrocket to USD 4,868.

On the other hand, if bears sink the price below USD 3,730, it will suggest the start of a correction. The pair could drop to the 20-day EMA, which could act as a strong support level. If the price bounces from the 20-day EMA, bulls will make one more attempt to resume the uptrend.

Chainlink price analysis

Chainlink has been trading near the critical resistance level of USD 17.32 for the past three days, indicating a tussle between bulls and bears. The rising 20-day EMA (USD 15.96) and the RSI above 62 suggest that bulls are in command. There is minor resistance at USD 18.68, but if bulls clear this hurdle, the LINK/USDT pair could reach USD 20.74 and subsequently USD 22.

On the contrary, if the pair retreats and sustains below USD 17.32, the market will reject the breakout. The pair could drop to the 20-day EMA and subsequently to the 50-day SMA (USD 14.95).

#eth‬
#Link

"Ether's Impact" The game-changing push for $LINK $UNI and $ARB

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Ether could drive LINK, UNI and ARB prices higher
The U.S. Securities and Exchange Commission's (SEC) approval of Ether spot exchange-traded funds (ETFs) on May 23 failed to extend Ether's rally, which rose approximately 25% last week. However, a positive sign is that regulatory approval did not trigger a massive sell-off, indicating that ETH bulls are not rushing to exit. This suggests that traders seem to be in a wait-and-see mode.

Meanwhile, bitcoin rose to around USD 72,000 this week, but bulls could not sustain higher levels. The price fell and slid below the psychological level of USD 70,000, indicating that sideways price action may continue.

The positive movement for bitcoin and Ether this week has triggered the buying of select altcoins that appear promising in the short term. If markets respect the support levels of bitcoin and Ether, some altcoins could find buying support.

Bitcoin price analysis

Bitcoin bounced off the 20-day exponential moving average (USD 66,814) on May 24, indicating that sentiment has turned positive, and traders are buying on dips. Bulls will try to push the price to the USD 73,777 resistance. This is an important level to watch as bears are expected to defend it aggressively. If the price sharply retreats from USD 73,777 and falls below the moving averages, it will be a sign that the limited range action may continue.

On the other hand, if bulls do not give up much ground from USD 73,777, it will improve the prospects of an upside move. The BTC/USDT pair could attempt to rise to US" 80,000 and then to USD 84,000.

Buyers have pushed the price above the downtrend line, but are struggling to sustain higher levels. This suggests that bears have not given up and are selling on rallies. If the price slips below the downtrend line, it could initiate a decline to USD 66,000 and then to USD 64,600.

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#Link price analysis 2/3
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#Arb‬⁩ price analysis 3/3

"Trump liquidates profits from his NFTs and sells $2.4 million of ETH"

The former president of the United States made an important turn in the world of cryptocurrencies, especially with the sale of ETH.

Former US President Donal Trump made headlines again this time with his notable moves that created a lot of buzz in the cryptocurrency world, especially in relation to Ethereum (ETH). Trump transferred 1,075 ETH worth about $2.4 million to Coinbase over the past three weeks, according to the on-chain analytics platform.

The move contrasts with its previous ETH raising, which came from profits from non-fungible tokens (NFTs) associated with its brand. It should be noted that Trump has ventured into the NFT space with three collections at the time of writing; The first two were in high demand and sold out quickly, while the third was of less interest to the crypto community.

In this scenario, Trump's NFT collections generated a lot of trading in the market, raising 15,013 ETH (around $35.4 million) on the OpenSea NFT marketplace. Additionally, digital cards generated $119,100 in transaction volume during a given week in December. A few hours ago it was learned that Trump unveiled a second series of digital trading cards that will offer his fans the possibility of receiving exclusive benefits, such as having dinner with the former president or buying clothes related to iconic events from his past.

The truth is that specialized media reported a significant increase in activity on the Ethereum network, especially withdrawals from centralized exchanges during this week. And it is worth saying that this "tremor" indicates a changing dynamic in the cryptocurrency market, where important players such as Donald Trump are actively participating in important transactions in the Ethereum and NFT markets.
$ETH #TrumpNFT #crypto2023 #blockchain #Ethereum #cryptonews

Polygon Gas Fees Soar for Ordinal-Inspired Token:

In The middle of the excitement of minting an Ordinals-inspired token called POLS, gas prices on the Polygon network hit as high as $0.10. They soared more than 1,000% to a high of $0.10 as users flooded the network to mint tokens inspired by Bitcoin's atomic number.

The token is called POLS. A post about Polygon-based (NFTs) published on November 16. The reason for the sudden increase in network activity and the sudden increase in gas prices seems to be mainly due to the great excitement surrounding the minting of new POLS tokens. Data from Dune Analytics shows that active POLS minting activity coincided with the use of over 102 million MATIC tokens (worth approximately $86 million at current prices) to pay gas bills.

The POLS token is based on a protocol called PRC-20 and works similarly to the BRC-20 token standard, which is derived from Bitcoin ordinal. According to virtual machine data provider Ethereum EVM, only 8.7% of the total POLS supply has been minted, with just over 18,100 holders claiming their tokens. At the time of writing, the price of gasoline on Polygon has returned to normal levels and stands at approximately 882 Gwei. Gas price quantifies the amount of computation required to complete a transaction on a particular blockchain, where 1 Gwei is approximately equivalent to 0.000000001 MATIC.

The Bitcoin network saw a similar, albeit longer-term, surge in activity in May of this year following the launch of the Ordinals protocol, which allows users to mint NFTs directly on the Bitcoin blockchain. As a result, the hype surrounding NFT ordinals and BRC-20 tokens has driven Bitcoin fees to levels not seen since April 2021.

#Matic #Polygon #Bitcoin #btc #NFT $MATIC $BTC

"Lawmakers in the US Congress ask the tax administration to repeal the SEC's SAB 121"

The lawmakers said in the memo that federal banks should not require financial institutions that provide custody services for digital assets to hold capital on them. US Congressional Lawmakers Call on Tax Administration to Repeal SECNOTICIAS SAB 121 Several members of the US Congress are taking steps and guidance to direct key financial authorities, including the Chairman of the Federal Tax Board Deposit Insurance and the current Comptroller of the Currency to clarify the safety of U.S. securities and U.S. securities.

I have submitted a memorandum requesting for this. Due to a recent decision by the Government Accountability Office (GAO), the Securities and Exchange Commission's (SEC) Statement of Accountability 121 (SAB 121) is no longer applicable. In the memo, lawmakers said SAB 121 has no legal effect and requires federal banking authorities and the National Credit Union Administration to force banks, credit unions and other financial institutions they serve to comply with escrow. of digital assets. You shouldn't ask for it.

SAB 121 stipulates that crypto assets of bank customers must be listed on the bank's balance sheet, reflecting the value of the assets and requiring capital to be held against them. Industry representatives and several US lawmakers say this threatens the willingness of regulated banks to act as custodians of crypto assets and treats digital currency holdings differently from other assets. Based on the senators' letter, the GAO determined that the SEC's SAB 121 should be subject to congressional review. Cynthia Lummis will become Comptroller General of the United States in August 2022. The evaluation focused on whether the bulletin was enforceable as a rule under the Congressional Review Act. Under the law, agency rules must be reported to the Comptroller General and both houses of Congress, and there is a mechanism for Congress to veto them.

#btc #Ethereum? #CryptoTalks #US #cryptoday