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Follow Dat Money | Crypto Projections
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Happy Monday and May Folks! Over the Weekend, there was some wild action in the price of Bitcoin and other assets and now it appears the market is heading south to kick off the new month. The fear and greed index declined slightly to 63 (will be much lower tomorrow if price continues to drop) and the best performing asset for the past 24 hours remains $BNB up .32% in position #4. Let's get on to the news...
Trending News Topics:
- Ordinal Transaction Soar (8)
- Bhutan mining Bitcoin (4)
- Jack Dorsey's Nano Bitcoin Mining Chip (4)
2nd biggest US bank failure — 5 things to know in Bitcoin this week (Cointelegraph):
- BTC price volatility upends flat monthly close
- JPMorgan takes over First Republic Bank in second-biggest U.S. bank failure
- April still beats February Bitcoin price performance
- On-chain transactions challenge records
- Crypto market greed flipflops near multiyear highs
CRYPTO
Crypto Liquidations Hit $140M, Yet Traders Remain Greedy.
Interview: Legendary Tech Investor Tim Draper Tells the Story of How He and His Sons Got Into Crypto.
BITCOIN
Bitcoin (BTC) Price Remains Indecisive Despite Setting New Transaction Records. Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar. Over $124,700,000,000 in Bitcoin (BTC) Is Now Ancient, According to Analytics Firm Glassnode. Bitcoin Whales Quietly Accumulate $1,875,819,869 in Crypto in Just 18 Days: Santiment. Bitcoin Dominance Gains Could Be Bad News for ‘Alt Season.’ Bitcoin Transactions Soar as Ordinals Barrel Past 2.5 Million, Notch Daily Record.(8) Unleashing the Power of Bitcoin: The Lightning Network’s 5 Best Use Cases. Bitcoin gets fresh vote of confidence as MicroStrategy adds to holdings.
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023. Bhutan’s Bitcoin Boom: How the Himalayan Kingdom is Harnessing Hydropower for Crypto Mining.(4) Jack Dorsey’s nano Bitcoin mining chip heads to prototype.(4) Mawson Infrastructure Signs Agreement For 24MW Ohio Facility That Will Come Online In Q3 2023.
Question: Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback. Which US States Make the Most Economic Sense for Bitcoin Miners in 2023?
Opinion: This economic event could send Bitcoin to $50k by end of summer 2023: Geoff Kendrick, Standard Chartered. Finance experts set Bitcoin price for the end of 2023: Higher more likely in the short to mid-term. Range - $12K to $48K. 2 key levels that will decide Bitcoin’s future price. Bitcoin Set New Record of Daily Transactions the Same Day the U.S. Government Quietly Engineered a Bank Buyout.
Follow up: The Fall Of Bitcoin In The Central African Republic: Why This Legal Tender Experiment Failed.
ETHEREUM
Question: Can Ethereum (ETH) Price Overcome Its 10-Day Slump? (BIC)
STABLECOINS & CBDCs
The Bank Crisis Isn’t Over, but It Might End With CBDCs.
Opinion: Retail CBDCs Could Pose Risks Not Yet Known, IMF Head Says.
ALTCOINS
BNB Bucks Market Retreat as Binance Launches SUI Farming. Ripple (XRP) Price Remains on the Fence as Indicators Show Mixed Messages. XRP Showing Unhealthy Patterns: Here Are 3 of Them. $1,400,000,000,000 Asset Manager Franklin Templeton Launches New Fund on Polygon (MATIC).
EXCHANGES
Venmo Shakes Up Crypto World With Exciting New Transfer Feature.
LEGISLATION & REGULATION
Elizabeth Warren Is Pushing De Facto Ban on Crypto in the US, Says Blockchain Association’s Jake Chervinsky. US Representatives Plan Series of Congressional Hearings This Month To Discuss Clear Rules for Crypto. SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO.(2) What the Gensler hearing means for US crypto regulation and policy. Industry heavyweights respond to UK’s crypto asset regulatory framework proposal.
Opinion: Democrats, Republicans: Let Crypto Bring You Together.
Consensus 2023: On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023
LEGAL CASES
Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing.(3) DCG Risks Defaulting on $630M in Debt Obligations, Gemini Says.(2) Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions.(2)
Question: Ripple-SEC Meeting That Could Change Everything: Will It Actually Happen?
ATTACKS/HACKS/SCAMS
April’s crypto scams, exploits and hacks lead to $103M lost — CertiK.(3) Hacked Coinbase accounts on sale for as low as $610 on dark web.
WATCH
LISTEN
Podcast of the Day: Tomer Strolight: Hello. I Am Bitcoin. | The Bitcoin Matrix
