DAILY MARKET OVERVIEW
Current Market Expectations

🍕 Happy Bitcoin Pizza Day! Today was the day the famous Bitcoin pizza was bought for 10,000 Bitcoins! 😱 

Crypto enthusiasts are hyped about the Ethereum ETF, so let’s dive into the latest updates.

BlackRock has refined their Ethereum ETF filing, indicating they're potentially finalizing details ahead of a potential approval as soon as tomorrow.

While delays are possible, it appears the SEC has finally shifted its stance, now showing a friendlier attitude toward crypto. 😌

Due to these developments, Bernstein, a $725 billion asset manager, predicts that $ETH will soar to $6,600 following the approval of spot Ethereum ETFs.

Another hot topic has emerged with Peter Schiff, a major gold investor, sharing his view that Ethereum’s ETF will cannibalize Bitcoin ETFs. He believes investors might withdraw their funds from BTC to invest in Ethereum.

Currently, this remains a theory, and no one can predict exactly how the ETF scenario will unfold—only time will tell. ⌛️

The major Ethereum ETF decision is coming tomorrow, and the entire market is waiting in anticipation for the outcome. Expect volatility and be prepared.

TWITTER SENTIMENT
Social Sentiment

Social sentiment has rapidly turned bullish with the surge of positive news for crypto.

It appears that political figures, eyeing the upcoming election, are fighting for every vote by appealing to the crypto community.

Donald Trump has even started accepting crypto donations for his campaign!

ZK Sync Airdrop 🪂 

Rumors are swirling on Twitter about a potential airdrop of a ZK token from the ZKSync chain, expected to happen in June.

This event could boost liquidity and volume in the ZKSync ecosystem, potentially driving up the value of all coins on the chain.

So it might be a good idea to be looking at the ZKSync chain 👀 

Aevo markets have already started a pre-launch phase for the ZK tokens.

NEWS OVERVIEW
The Latest Crypto Headlines 📰 

Bitcoin Funds Receive $306 Million Boost as SEC Ethereum ETF Deadline Approaches
In anticipation of the SEC's upcoming decision on an Ethereum ETF, Bitcoin funds have seen a significant influx of $306 million, underscoring the market's reaction to regulatory milestones.

Fed and Bank of Japan Actions Could Propel Bitcoin to $1 Million, Arthur Hayes Speculates
Arthur Hayes, co-founder of BitMEX, has suggested that the Federal Reserve and the Bank of Japan will be pivotal in driving the price of Bitcoin to $1 million.

Vitalik Buterin Cautions Against the Risks of Advancing Superintelligent AI Too Quickly
Ethereum creator Vitalik Buterin has voiced concerns over the rapid development of superintelligent AI, describing it as "very risky."

WisdomTree Gains FCA Approval for Bitcoin and Ether ETP Listings on London Stock Exchange
WisdomTree has secured approval from the UK's Financial Conduct Authority to list Bitcoin and Ether exchange-traded products on the London Stock Exchange, marking a significant step in crypto's integration into mainstream finance.

YOUTUBE INFLUENCER SUMMARY 📷️ 

Lark Davis - Top 5 Crypto Gaming Coins (22.05.2024 Summary)

In his latest video, Lark discusses 5 promising crypto gaming coins for the upcoming cycle:

😺 Nyan Heroes - A new Solana shooting game with backing from major investors like Mechanism Capital. Utilizes impressive tech like AI and Unreal 5 engine.

👿 Illuvium (ILV) - An NFT RPG/auto battler from last cycle that Lark believes still has potential. Developers continuously improving the game.

🔫 Farcana - A crypto shooter game with an experienced dev team and partnerships like Animocha Brands at an attractive market cap.

👾 Param - Unreleased shooter game, but with strategic investment from large investors as well as large community.

💣️ ChronoForge - Blends traditional RPG with blockchain for trading in-game NFT assets. Backed by SwissBorg and Citizen Capital.

Lark likes these coins for their potential in the growing crypto gaming space, use of blockchain tech, strong teams/partnerships, and unique gameplay experiences.

Josh Olszewic - Modeling Long Term Ethereum Price Targets (22.05.2024 Summary)

Josh believes that Ethereum's price could potentially go up significantly in the next few years. He thinks this price increase could happen because of changes in cryptocurrency regulations in the US, which may allow more people and institutions to invest in Ethereum.

🍃 In the short term, Josh suggests that Ethereum's price could reach around $4,000 to $4,800 based on certain calculations.

⌚️ For the long term, Josh has different estimates for how high Ethereum's price could go. His most conservative estimate is that Ethereum's price could reach around $10,000 to $15,000. This estimate is based on comparing Ethereum's market value to that of silver.

💹 However, Josh also provides higher estimates. Using certain technical analysis methods, he calculates that Ethereum's price could potentially reach as high as $14,000 to $28,000, although he considers this range to be less likely.

🧑‍⚖️ Josh's reasoning for these long-term targets includes the potential regulatory changes, as well as various calculations and models that have historically provided reasonable price targets for Ethereum in previous cycles.

📊 He also suggests keeping an eye on factors like the amount of Ethereum being sold by the Ethereum Foundation, the total value locked in Ethereum-based projects, and the activity of Ethereum validators and stakers, as these could influence Ethereum's price movements.

Overall, Josh presents a range of possible long-term price targets for Ethereum, with his most likely estimate being in the $10,000 to $15,000 range over the next few years.

MEME COIN OF THE DAY

Andy 🟡 

Andy is Pepe’s best friend based on the comic series "Boy's Club."

Andy has gathered a massive community on social media and is currently one of the best-performing meme coins on Ethereum.

⚠️ While meme coins have been among the top performers this year, they are highly speculative and volatile. These assets carry extreme risk, with the potential to lose their entire value overnight. This section is intended for entertainment purposes only.

CRYPTO MEMES

“People That Bought BTC at $15k ”