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Welcome to Thursday and the 1st day of June Folks! Yesterday, Bitcoin won big in Texas with the passing of the Pro-Bitcoin mining Bill and the defeat of the Anti-Bitcoin mining Bill; the price of Bitcoin is currently at $26,874.15. The fear and greed index inched one notch up to 52 and the best performing asset for the past 24 hours is $MATIC up 0.17%; in position #9.
Starting this month I will no longer curate the Crypto Projection news. Why? After close analysis, the majority of the "projections" were just wildly incorrect. I understand that most of these folks are not trying to mislead but month over month they just missed the mark and many of the publications were just using clickbait titles. Which way is Bitcoin going? Over the long term (decades) number go up. Why? 21M fixed supply + massive demand = Number go up.
Sell in May and Go away is not just a saying, there is such a lull right now in the news cycle, but let's get on to the news...
BTC price dip and it might be the last one before a $30K breakout. Bitcoin wipes weekend gains and closes red for the month; first time this year. Fidelity’s Jurrien Timmer analyzes Bitcoin’s place in a 60/40 portfolio. Veteran Crypto investor Adam Cochran sheds light on Hal Finney’s progressive vision for Bitcoin.
Tether expands reach in Georgia through investment in CityPay.io. USDC issuer Circle has ditched all U.S. treasuries from $24B reserve fund amid debt ceiling showdown.
Ethereum fees plummet 70% while self-custody soars. Would you believe that a Crypto Influencer received $1 Million in $ETH after simply asking, promising nothing in return.
XRP daily address activity spikes and 1 Billion XRP tokens unlocked from escrow. Daily DOGE transactions soar 8,820% in May.
Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license. Crypto exchange Kraken’s Canada customer deposits rose 25% after Binance announced departure. Crypto.com receives digital token license in Singapore. Gate.io Dispels Rumors About Its Demise Amid Multichain Fiasco.
Tax loss harvesting continues to be an issue in the world of Crypto, will it evaporate one day?
Scam alert: Ripple-linked flare network suffered breach of its discord channel.
WATCH
LISTEN
Podcast of the Day: #423: Retirement Funds In The Age Of Bitcoin with Matt Dines | TFTC
Other Podcast
- Chat_80 - Building the Ark with Burak | Bitcoin Audible
- Bitcoin News and Bitcoin Mining Update with Kent Haliburton and Sazmining - May 31st, 2023 | TCBP
- Is China Coming Back to Crypto? | The Breakdown
- Josh Olszewicz Returns - A Crypto Market Update | TCC
- Is China Taking Over Crypto? | Crypto Town Hall With Scott Melker, Ran Neuner & Mario Nawfal | TWOAS
