Is a SOL ETF Next in Line? $14.6B YTD Inflows For BTC

State of the Market: Bitcoin is getting ready to rumble! 🚀

Alright, crypto junkies, buckle up! The Bitcoin options market is hotter than a meme coin on Elon Musk's Twitter feed. 🐶🚀 We’re talking a whopping $4.7 billion in play ahead of the May 31 expiry. The put/call ratio is chillin' at 0.58, which means the bulls are running wild like it's Pamplona. Traders have their laser eyes set on $65,000. 👀💰

But what's cooking with Ethereum? It’s a bit of a mixed bag, kinda like a DeFi summer. The put/call ratio is 0.85 with $3.5 billion on the line. Open interest is scattered across $2,200, $2,600, and beyond. It’s a tug-of-war between bulls and bears – think Godzilla vs. Kong, but with more digital assets. 🦖🐻

Meanwhile, hedge funds are hedging harder than your grandma at the casino with the largest net short positions in CME Micro Bitcoin Futures since late 2021. These baby contracts (0.1 BTC each) are perfect for traders who want precision without selling their kidneys. 🏥🤑 The bearish stance means they're bracing for a potential dip, despite Bitcoin’s solid year-to-date run. With around $11 billion in CME Bitcoin futures, it’s like Wall Street meets the Wild West. 🤠💼

Bitcoin’s chilling near $69,000, and the hype train’s leaving the station faster than Dogecoin during SNL. 🚂💨 Analysts are divided: some predict it’ll moon to $95,000 or even $150,000 by year’s end, while others see a dip to $60,000. Key levels to watch? $68,100 and $69,800. And don’t forget, the upcoming U.S. Producer Price Index data could shake things up. 📈

Chart of the day.

Alright, check this out: investment inflows have hit a cool $1 billion! 🤑 Institutions and long-term hodlers are stacking sats like there's no tomorrow. Year-to-date, we’re talking a jaw-dropping $14.6 billion in Bitcoin inflows. 💰📈

Most of this cash is flowing into spot Bitcoin ETFs, which saw a hefty $1.01 billion just in the week ending May 24. Even though Bitcoin's price is chilling below its all-time highs, those diamond hands and whales are seizing the moment, gobbling up BTC during this low-volatility phase. 🐳💎✋

So, keep your laser eyes on the prize and your wallets ready – the Bitcoin bullrun is just getting started! 🎢✨

Most important news of the day.

JPMorgan's got some serious doubts about the SEC green-lighting more crypto ETFs, like for Solana, unless U.S. lawmakers step up and say, "Hey, most cryptos aren’t securities." Until then, it's a no-go. 🚫📉

Solana validators just voted to keep 100% of priority fees for themselves, ditching the old 50/50 split that burned fees and rewarded validators. It’s like keeping the whole pie instead of sharing with the class. 🍰🤷‍♂️

Brace yourselves – nearly 107,000 Bitcoin were moved as part of Mt.Gox's repayment plans, causing Bitcoin's price to dip 1.2% thanks to fears of a sell-off. Talk about a blast from the past! 🕵️‍♂️💣

Semler Scientific is diving headfirst into Bitcoin, making it their primary treasury reserve asset and snapping up $40 million worth of BTC. It’s like putting your money where your blockchain is. 🏦🪙

Donald Trump is eyeing Bitcoin to tackle the whopping $35 trillion U.S. national debt. He’s seeking advice from Bitcoin gurus and pushing pro-crypto policies for his campaign. MAGA meets BTC! 🧢💡

A Harris Poll reveals that one-third of U.S. voters are checking out candidates' crypto stances before hitting the polls. Digital assets are becoming the new hot topic in the political playground. 🌐🔥

Our Daily Pick: Jasmy, the IoT Data Dynamo! 🔥

Hey there, crypto crusaders! Ready to get the lowdown on Jasmy? It's like the superhero of the IoT world, merging blockchain with IoT to create a fortress for your data. Let’s dive in! 🕶️🔐

What is Jasmy? Jasmy is your go-to blockchain-based Internet of Things (IoT) provider, aiming to give you total control over your personal data. Imagine turning your data into gold, and you’re halfway there. 🌟🔗

What’s it used for? Jasmy is all about managing and sharing personal data securely. It connects service providers and data users, making sure your data can flow safely between your gadgets – from your phone to your smart car. And guess what? You can even cash in on your data while keeping it locked down! 💸📱🚗

Who’s behind the magic? Meet the dream team – former Sony bigwigs:

• Kunitake Ando: The mastermind, former President and COO of Sony.

• Kazumasa Sato: The big boss, ex-CEO of Sony Style.com Japan.

• Masanobu Yoshida: Tech guru, former Deputy President & CTO.

• Hiroshi Harada: Money maestro, former Executive Financial Analyst at KPMG. 🎩💼

Who’s backing it up? Jasmy’s got some heavy hitters in its corner like Transcosmos, Panasonic, and VAIO. Talk about a power-packed lineup! 🤝💪

What about its tokenomics? JasmyCoin (JASMY) is an ERC-20 token living on the Ethereum blockchain, used for transactions and data exchange in the Jasmy universe. Max supply? 50 billion JASMY, with around 49.3 billion already circulating. 💰🔄

Jasmy's superpowers:

• Decentralized Data Control: You’re the boss of your data.

• Secure Data Exchange: Trustless transactions between IoT devices.

• Confidentiality and Trust: Keeping your data safe and sound.

• Democratization of Data: Turn your data into cold hard cash. 🏦🛡️

What problem does it solve? Jasmy tackles the data privacy nightmare. Forget about those creepy centralized systems that leak your data like a sieve. Jasmy’s decentralized setup lets you manage and share your data securely, reducing risks and keeping things private. 🔐🚫

Core Concepts:

• Edge Computing: Bye-bye central servers, hello decentralization.

• IPFS (InterPlanetary File System): For storing data across the galaxy.

• SKC (Security Knowledge Communicator): For user registration and data transactions.

• SG (Smart Guardian): Your IoT device’s personal bodyguard. 🛡️🌐

Use Cases:

• Personal Data Management: Control and share your data securely.

• Secure IoT Networks: Supercharge your smart devices.

• Data Marketplaces: Sell your data, make bank. 🏦📈

Project Launch: JasmyCoin (JASMY) hit the scene in October 2021 on BITPoint Japan. 🚀

Project Weaknesses:

• Regulatory Risks: Navigating global regs is like walking a tightrope.

• Adoption: Needs a big user base to succeed.

• Market Competition: Other blockchain and IoT projects are nipping at its heels. 🐍⚖️

Final Thoughts: Jasmy’s got the goods to shake up the data privacy game. By merging IoT with blockchain, it’s paving the way for secure, decentralized data management. But to really make waves, it needs to win over users and dodge those regulatory hurdles. Keep an eye on this one, because it could be a game-changer in the digital economy. 🌟💼

Happy hump day ;)

-Pep