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Welcome to Thursday Folks. Yes, it's taking 14 years but perception is slowly but surely changing when it come to Crypto Assets as even a former U.S. Treasurer is saying Crypto is a great wealth disruptor; she's talking about Ripple. Bitcoin continues to fight and is slightly back above $30K after dipping 5% in correlation with the broader stock market. There is still considerable upside to be had it will just take time so remain patient.
Ethereum is also under pressure as it struggles to turn positive for the week; Cardano is still up 19% for the week and could get back to $1 after the Vasil Hard Fork. Solana's network bug caused it to fall considerably but it still remains in the top 10. Algo Stablecoins are probably done for good as a result of the Terra USD debacle.
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CRYPTO MARKET
- Survey From Jack Dorsey’s Block Finds Close Relationship Between Inflation Rates and Bitcoin (BTC) Adoption (TDH | BM)
- Investors' perception of crypto is changing for the better: Economist survey (Cointelegraph | BIC)
- Mental health and crypto: How does volatility effect well-being? (Cointelegraph)
- 401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release (Cointelegraph | Blockworks | TDH)
- El Salvador still not ready to launch bitcoin bond, finance minister says (TB | Cointelegraph | CryptoPotato | NewsBTC)
BITCOIN & ETHEREUM
- Bitcoin (BTC) On-Chain Analysis: SOPR Has Not Yet Reached Capitulation Levels (BIC)
- Surge In Bitcoin Open Interest Suggests A Short Squeeze Was Behind Late May Rally (Bitcoinist)
- This classic Bitcoin metric is flashing buy for first time since March 2020 (Cointelegraph)
- $32K Bitcoin price could turn the tides in Friday’s $160M BTC options expiry (Cointelegraph)
- Bitcoin (BTC) Fails to Sustain Upward Movement and Drops Below $30,000 (BIC)
- Bitcoin touches $30K as ex-BitMEX CEO hopes $25K marks BTC price 'local bottom' (Cointelegraph)
- Bitcoin, Ethereum Fall 5% as Markets Slump Into Correction Territory (Decrypt | Cointelegraph)
- Ethereum Is Still Under Pressure as $800 Million ETH Flowed to Exchanges (UToday)
ALTCOINS
- Institutional Investors Turn To Competitors As Ethereum Tumbles (NewsBTC)
- Ethereum’s Merge FOMO isn’t priced in, making a spike to $2.6K a possibility (Cointelegraph)
- 3 reasons why Ethereum price is pinned below $2,000 (Cointelegraph)
- Cardano's On-Chain Data Shows Network Growth, With Average Monthly Transactions up 8% (UToday)
- Here Are 3 Indicators Suggesting XRP Is Bouncing from $0.4 (UToday)
- Solana (SOL) Generates Bullish Divergences in the Daily RSI (BIC)
- Solana falls 77% in 2022 as blockchain outages deter investors (Finbold | ZyCrypto | Decrypt | EWN | Cointelegraph)
STABLECOINS
- Stablecoin supplies drop $30 billion in a month marking the steepest fall in history (Finbold)
- Tether Co-Founder Believes TerraUSD’s Collapse Could Be the End of Algorithmic Stablecoins (CryptoPotato)
ANALYST'S CORNER
- Arthur Hayes: Forecasts that Bitcoin Could Bottom at $25k to $27k and Ethereum at $1.7k to $1.8k (EWN)
- Jason Pizzino: Crypto Analyst Says Bitcoin Could Explode by Over 60% in Coming Months (TDH)
- CoinMarketCap: Crypto Community Predicts Cardano ($ADA) Will Surpass $1 After Vasil Hard Fork (Cryptoglobe)
- Guy: Ethereum, Cardano and One Additional Crypto Project Entering Crucial Phases That Bear Market Can’t Stop: Coin Bureau (TDH)
- 3 key indicators traders use to determine when altcoin season begins (Cointelegraph)
NOTABLE VOICES
- Rosa "Rosie" Gumataotao: Former U.S. Treasurer: ‘Cryptocurrency Is One of the Greatest Wealth Disruptors’ (Cryptoglobe)
- Matt Hamilton: Former Developer Advocate at Ripple Explains Why ‘XRP Has Stayed in the Top Ten’ (Cryptoglobe)
- Charles Hoskinson: Cardano Founder Hoskinson Trolls Solana After Another Network Halt (UToday)
ACQUISITIONS
- Ripple CEO Brad Garlinghouse Says Company To Consider Acquisitions: Report (TDH)
ETFs
- Investors Buy the Dip as Canadian Spot Bitcoin ($BTC) ETF Sees Total AUM Rise (Cryptoglobe)
BLOCKCHAINS
- Ethereum Layer 2 Boba Network integrates with Fantom and Moonbeam (TB)
- Balancer launches on Ethereum L2 network Optimism (Cointelegraph)
- Binance Coin (BNB) Reveals New Roadmap for 2022 To Become Faster and More Decentralized (TDH)
- Bug Brings Down Solana Blockchain for Four Hours (Decrypt)
- Blockchain Toolkit Alchemy Launches Solana Developer Platform (Decrypt)
BITCOIN MINING COMPANY CLEANSPARK PRODUCED 312 BTC IN RECENT UPDATE
MINING
- Planned Crypto Mining Operation in Washington Faces Backlash From Residents (BIC)
- White House prepares policy to fight Bitcoin mining environmental impact (Finbold | UToday)
- Kenya’s energy company is offering geothermal power to bitcoin miners (QZ | Finbold | BM | Cointelegraph | Blockworks)
- Bitcoin mining stock report: Thursday, June 2 (TB)
WE HEAR YOU: BITCOIN MINING NOISE POLLUTION IS A SOLVED PROBLEM
PODCAST
- The Wolf Of All Streets: Bitcoin, Regulation & Finance 2.0 | Jeff Horrowitz, BitGo
- Bitcoin Audible: Chat_69 - An Energy Revolution with Nathaniel Harmon
- The Scoop: Founder of largest decentralized derivatives exchange believes DeFi may soon see millions in new users
- Bitcoin Magazine: Is it Worth to Start Mining Bitcoin at Home? w/ Adam O
