Daily Crypto NewsEDITION #974, 13 May

Thoughts on the possible cancellation of the ETH ETF

Today, in 1857, absurd rumors began to spread in Paris that skyscrapers were going to fall, causing a mass exodus from the city in panic. In the crypto world, we often see fake news designed to make us sell, crashing the price. The big players buy cheap assets, and we suffer. Let’s not do that :) HODL (but wisely).

Now, let's quickly cover what's important. We value your time, and time is Moni.

What’s up with the projects?

- BounceBit has started distributing airdrops. Well, more like you can now just check.

They say there's no need to claim anything; they will send it all out themselves.

How many billions have you made? 

- A bit about NOTCOIN. Yes, we are optimistic about TON. But still, we fixed some $TON. 

When everyone is talking about something, it pays to be cautious.

And NotCoin announced that their token will be in the @wallet of Telegram. It's all very serious!

- Linea has paused LXP for now, as they are fully engaged in fighting Sybils.

Linea, think it over...

Market thoughts:

The big guys are slightly losing interest in the BTC ETF. Overall, nothing too alarming. This might be due to rumors that the ETH ETF will be completely scrapped on May 23rd.

What can we say…

Even if the ETH ETF is really canceled at the end of May, it's likely to be accepted in 2025. 

Here we have two scenarios:

👍 ETH ETF is accepted

ETH grows, everyone's happy.

👎 ETH ETF is canceled

There'll be a dump, a chance to buy $ETH. The worst is behind us, and ETH will dust itself off and calmly continue its ascent. Remember, it’s on Ethereum that BlackRock is building their BUILD fund.

But in 2025, the ETH ETF is likely to be accepted anyway. It’s too tempting a piece for the funds to not gobble it up into their already stuffed bellies.

Don’t fall for the headline panic. We’ve weathered worse.