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On the first of June, 2024, the ICONOMI app will be temporarily removed from the Apple App Store. As it currently stands, Apple is preventing us from making critical updates on iOS and will be temporarily removing our application from their App Store.

Solana (SOL) has seen a price increase of 3.04% in the past 24 hours, reaching $171.76. This uptick comes amid a challenging period for the broader crypto market. The positive price movement coincides with the recent approval of the SIMD-0096 proposal by Solana validators.

SEC Approves Exchange Applications to List Spot Ethereum ETFs The U.S. Securities and Exchange Commission (SEC) approved the applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds (ETFs) linked to the price of ether. This landmark decision signals a significant victory for both the firms involved and the broader cryptocurrency industry, which had anticipated rejection just days prior.

The price of Shiba Inu (SHIB) has seen an increase of 2.74% over the past 24 hours, reaching $0.000026. This surge aligns with a broader positive trend in the cryptocurrency market. Over the past week, SHIB has risen by 9.30%, reversing a previous monthly decline of 3.93%.

U.S. Senate Votes to Overturn SEC's Crypto Accounting Policy The U.S. Senate, in a notable bipartisan move, voted 60-38 to repeal the SEC's Staff Accounting Bulletin No. 121 (SAB 121), a policy mandating that companies holding customers' cryptocurrencies include them on their balance sheets. This vote followed a similar decision by the House of Representatives, despite President Biden's threat to veto the resolution.

Pepe Coin (PEPE) has recently reached a new all-time high, with its price soaring to $0.00001039, marking a 19% increase in just one day. Over the past week, PEPE has gained 42.39%, and its value has surged by an impressive 108% in the last month.

UAE Adopts Regulatory Flexibility to Boost Crypto Investment The United Arab Emirates (UAE) continues to make strides in embracing the crypto industry, with recent reports highlighting its adoption of accommodative regulatory policies to encourage further investment. Aiming to capitalise on the potential of Web3 applications, the Dubai Multi Commodities Centre (DMCC) has outlined opportunities within the decentralised digital infrastructure, including cryptocurrencies, DeFi, and the metaverse.

April Crypto Market Recap In April, the cryptocurrency market experienced a notable pullback after reaching all-time highs in March. Bitcoin, which soared above $73,000 fueled by inflows to new spot Bitcoin ETFs, saw a correction, finishing the month just above $60,000. Similarly, Ethereum, which surged to over $4,000 in March, retreated below $3,000 as hopes for spot Ethereum ETF approval lingered.

The cryptocurrency market is abuzz with activity as investors navigate through a series of ups and downs. Amidst the volatility, various developments have emerged, shaping the trajectory of digital assets. FTX to Auction Remaining SOL Tokens FTX, a bankrupt cryptocurrency exchange, has opted to auction off its remaining Solana (SOL) tokens rather than pursue direct sales.