“Clear your mind of 'can't.'”
-Samuel Johnson

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Guess what day it is? C'mon guess what day it is... HUMPDAY! Folks, this market pump doesn't appear to be a dead cat bounce as Bitcoin briefly touched $32K with heavy resistance around $33-35K. Bitcoin has reached a new all-time high based of 4.45 million BTC being untouched for over five years, according to Glassnode; while also recording a 2 year low in profitability. With Bitcoin remaining above $31,500 things are looking good. However, I still believe we could see a pull back to $30K before proceeding higher. 

As it pertains to Altcoins, Cardano remains the top talked about Crypto Asset with some thinking it might reach $1 soon. No the UK isn't going to make USDC nor USDT legal tender and Tether's supposed bank partner Capital Union shared their Crypto strategy. 

Lots of Analyst squawking about Institutional investors accumulating more Bitcoin and Bitcoin might hit $14K (Umm I don't think it's probable) in fact it might be near a cycle bottom. Soros fund is more bullish on ETH than BTC and Dogecoin founder is out of his mind. Etheruem continues to be the blockchain of choice when it comes to NFTs but the blockchain also had a lot of failed transactions. Ethereum blockchain merge Cardano's hard fork are happening in the coming months. 

Make time to listen to the podcast today they are good! 

CRYPTO MARKET

• Financial planning body urges investors to take tests before buying crypto (Finbold | Bitcoinist | TDH)
• 11% of US insurers invest — or are interested in investing — in crypto (Cointelegraph)

GOLDMAN SACHS REPORTEDLY IN TALKS WITH FTX FOR BITCOIN, CRYPTO DERIVATIVES

BITCOIN

• Bitcoin Whales Have Been Buying the $BTC Dip Amid Accumulation Trend, On-Chain Data Shows (Cryptoglobe)
• Bitcoin Dominates Derivatives Market To End May On A High Note (Bitcoinist)
• Bitcoin price broke to the upside, but where are all the leveraged long traders? (Cointelegraph)
• Bitcoin price risks $29K 'nosedive' as Wall Street opens with fresh losses (Cointelegraph)
• 250,000 Bitcoins Bought by Long-Term Holders Since LUNA Crash on May 7: Details (UToday)
• Bitcoin reclaims the 10th spot as the world’s most valuable asset (Finbold)
• Bitcoin Reaches New All-Time High on This Metric: Details (UToday)
• Bitcoin Comfortably Above $31,500 (Cryptoglobe)
• Bitcoin (BTC) Continues to Consolidate Above $31,000 (BIC)
• Bitcoin Briefly Reclaims $32K for First Time in Three Weeks; Outperforms Altcoins (Decrypt | Coindesk)
• Bitcoin Relief Bounce Faces Resistance at $33K-$35K (Coindesk)
• Bitcoin Profitability Touches Two-Year Lows Following Market Struggles (Bitcoinist)
• Bitcoin (BTC) on-Chain Analysis: Market Cap Approaches Realized Cap (BIC)
• Crypto Selloff Viewed By Investors ‘Opportunistically’ As BTC Seen Hitting $65K By 2023 (Bitcoinist)
• The more you know about Bitcoin, the more optimistic you are: Block survey (Cointelegraph)
• Analyzing Block’s “Bitcoin: Knowledge and Perceptions” Pt 1.- Income & Inclusion (Bitcoinist)

BLOCK INC SURVEY ADDRESSES MISCONCEPTIONS ABOUT BITCOIN: REPORT

ALTCOINS

• ETH/USD trading pair attracts more traders in the first quarter of 2022: report (Cointelegraph)
• Cardano price fake-out? ADA's 45% rebound in two days could trap bulls (Cointelegraph)
• Can Cardano reach $1 by June 30, 2022? Here’s what 24,000 crypto enthusiasts think (Finbold)
• DOGE Up 192% in Social Engagement Following Palmer-Musk Feud: LunarCrush (UToday)

CBDCs/STABLECOINS

• No, the UK Is Not Going to Make USDC and USDT Legal Tender (Coindesk)
• Tether’s reported bank partner Capital Union shares its crypto strategy (Cointelegraph)
• First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg? (Coindesk)

ANALYST'S CORNER

• Pentoshi: Crypto Strategist Maps Out ‘Highest’ Probability Moves for Bitcoin (BTC) and Ethereum (ETH) in Coming Weeks (TDH)
  
• Kaleo: Here’s a Realistic Price Path for Bitcoin (BTC) Over the Next Six Months, According to Top Crypto Analyst (TDH)
• Venturefounder: Bitcoin may hit $14K in 2022 but buying BTC now ‘as good as it gets:’ Analyst (Cointelegraph)
  
• Coinshares: Institutional Investors Are Now Accumulating Bitcoin and One of Ethereum’s Biggest Competitors (TDH)
• Ki Young Ju: Bitcoin (BTC) Close to a Cycle Bottom Based on This Metric, According to Quant Analyst (TDH)
• CoinMarketCap: Crypto community bets XRP to reach $0.66 by June 30, 2022 - $.066 (Finbold)
• Austin Arnold: Cardano, Avalanche, $BNB, Polygon Have Potential To Perform Extremely Well in a Bear Market: Crypto Analyst (TDH)

NOTABLE VOICES

• Marc Andreessen: Billionaire and Tech Pioneer Says Crypto Industry Rhyming With Rise of Internet (TDH)
• Dawn Fitzpatrick: Soros Fund Management CEO Is More Bullish on Ethereum Than Bitcoin (CryptoPotato | UToday | Cryptoglobe | TDH)
• Jackson Palmer: Dogecoin founder on current correction says “I wish it was the end of crypto” (Finbold)

WEB3

• Ethereum Surpasses $25 Billion in All-Time NFT Sales (BIC | Bitcoinist)

ACCEPTABLE

• Chipotle will now accept cryptocurrency in US stores (TB | Cointelegraph | TDH)
  

WHY BITCOIN DOES NOT NEED DEFI, BUT DEFI NEEDS BITCOIN

BLOCKCHAINS

• What are Bitcoin ‘silent payments’? Developers explain as experimentation begins (Finbold)
• Be[in]Crypto Video News Show: When Will We See Ethereum 2.0? (BIC)
• What is ERC-1155? Ethereum’s Flexible Token Standard (Decrypt)
• Over 1.2 Million Ethereum Transactions Failed in May (CryptoPotato)
• Upcoming Ethereum Merge ‘Dress Rehearsal’ Makes Way for Bellatrix Upgrade (BIC)
• Shadow Forks and Testnets: The Ethereum Merge Approaches (Blockworks)
• Cardano Founder Shares Key Inputs into Project's Development (UToday)
• Cardano Events Ahead: June Hard Fork, P2P Protocol, DJED Stablecoin and More (UToday | Cryptoglobe)
• Dogecoin Founder Reveals Who Wrote Majority of DOGE Code (UToday)
• Dogecoin’s parents are fighting: Musk and Jackson Palmer exchange barbs (Cointelegraph)

MINING

• Bitcoin mining stock report: Tuesday, May 31 (TB)
• Oman's Oil Companies to Mine Bitcoin with Excessive Gas (UToday | Cointelegraph | ZyCrypto)
• Bitcoin Hashrate Falls Down As Miner Revenues Stay Low (Bitcoinist | TB | BIC | Cointelegraph)
• Bear Market Outlook: Public Bitcoin Mining Companies And Their Profitability (Bitcoinist)
• Crypto Mining Farm in Remote Washington Town Gets Green Light, Despite Wildlife Concerns (Blockworks)

EXCHANGES/WALLETS

• "Proof of Assets" Wallet for DOGE, XRP Finally Added by Binance (UToday)

ETFs

• Canadians buy the dip as Purpose Bitcoin ETF holdings reach new highs (Cointelegraph)

LEGISLATION/REGULATION

• SEC v. Ripple: Hinman Docs Become Focus of New Conference (UToday)

THE BAD

• Father-Son Duo Sentenced for Laundering Cash with Bitcoin in Weed Scheme (Decrypt)

PODCASTS

• Bitcon Fundamentals: Macro and Bitcoin Education w/ Greg Foss, James Lavish, Jason Sansone, & Sebastian Bunney 
• The Wolf of All Streets: Why Gen Z Chooses Bitcoin | Miss Teen Crypto
• Untold Stories: Live from Monaco! From Bitcoin OG’s to NFT’s! with Michael Terpin
• On The Brink: Andrew Cahill and Saurabh Deshpande (The Block) on Ethereum L2 Scaling