SHIBA INU AND Crypto is About to Have a HUGE WEEK! | Elon Musk Buys Twitter AND more news

Grayscale Bitcoin Spot ETF to be Approved in July 

starting with bitcoin grayscale renews push with the sec for a bitcoin spot ETF

the securities and exchange commission has so far approved only BTC futures ETFs

the biggest difference on why spot ETFs are so much better
is because the contracts have to settle in real bitcoin meaning that the ETF has To buy and own real bitcoin

instead of the futures
where you can speculate on the future price and you never actually have to own the BTC and base

on some new information grayscale is a very confident that this one will approve and
the sec seen by the financial time’s grayscale attorneys argued
that is how the regulatory agency
the sec approved the fourth bitcoin futures ETF
technetium earlier this month opened the door for a bitcoin spot ETF

the precedent that they say the sec set and it has to do with the 1940s act versus
the 1933 act this is gonna sound may be very complicated
here's the explanation

grayscale's attorneys argue
the point is that the first three bitcoin futures ETFs
approved by the sec under the investment company act of 1940
the techrium ETF approved under the securities act of 1933
which is a first and according to grayscale's attorneys
the Sequim order confirms the Fundamental point
that when it comes to approving exchange-traded products
there is no basis for treating spot bitcoin products from bitcoin futures products


this could be the bitcoin catalyst
we have been waiting for if this gets approved
the sec will likely decide on grayscale's ETF application by July
of this year
and weeks ago grayscale's CEO did state
that he'd consider suing the sec if the bid gets rejected so this is all coming to a head something to keep on the radar

  Elon Musk Buys Twitter (Dogecoin SURGES!)

Elon musk twitter
the crypto market dogecoin surges on reports
Twitter will now consider Elon musk's buyout offer and is aight in the middle of taping the filming

today Twitter Elon will reach a deal on a buyout to announce shortly
so this is happening and this is happening today
how did the crypto market respond?

well the popular meme coin dogecoin Jumped
more than 12 percent in the past hour following
the reports on this buyout and Twitter stock also jumped
more than five percent actually than that now amid the news now

Elon musk states I hope that even my worst critics remain on Twitter because that is what free speech means

 

Shiba Inu (SHIB) Launches Major Upgrade

Shiba Inu launches a burning portal to reward ship token holders
this is a major upgrade for the shib ecosystem
the team behind the popular meme coin Shiba Inu has launched a new burning
a mechanism designed to decrease the token circulating supply
while rewarding holders with a yield generating token
the sibship burning portal went live over the weekend
with the team tweeted on Monday
that over 8 billion tokens actually
now almost 12 billion tokens have already burn

why would an individual do this
yes it makes everybody else's tokens more scarce
but then you lose your tokens
why would you choose to burn your tokens?
well the ship burning portal launch in collaboration
with royosus vision royshe and erc20 token
aimed at supporting the growth of the shib ecosystem
users who decide to burn their ship tokens
are given another token called burnt ship
which pays rewards in royshe tokens at varying rates
according to the developers point four nine percent of all royshe
transactions will be distributed  to the owners of burnt ship tokens