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Follow Dat Money | Crypto Projections
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Happy Tuesday Folks! Yesterday, we learned that Ordinals are on the rise, Bhutan has been mining Bitcoin since it was $5K, and Jack Dorsey's Nano Bitcoin Mining chip is in production. The fear and greed index declined to 55 as I mentioned yesterday and the best performing asset for the past 24 hours remains $BTC up .17% in position #1. Let's get on to the news...
Trending News Topics:
- Coinbase launch exchange (7)
- Coinbase Lawsuits (6)
- Bitcoin pulling back (4)
CRYPTO
Interest rate hike speculation triggers outflows from crypto investment products. These Five Nations Will Drive the Next Crypto Bull Run.
- United Arab Emirates (UAE)
- Saudi Arabia
- Hong Kong
- Singapore
- France
Opinion: Crypto prices could still rise, even if the Fed hikes rates, Grayscale says
BITCOIN
Market Cap is surging but Overheated Bitcoin sweeps below $28K ahead of FOMC meeting and analysis predicts a $25K dive; On-chain analytics indicate to $24K. In fact, BTC price may need a $24.4K dip as Bitcoin speculators stay in profit. Mid-morning Bitcoin’s Price Spiked t0 $28,621. Bitcoin 'Flash Rally' Briefly Pushed BTC Derivatives Above $56K on Bitfinex.
Bitcoin spot trading volume plunged more than 65% in April as Binance added back fees. MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit.(4) 'Bitcoin Request for Comment' Tokens Surge to $137M in Market Value.(3) Bitcoin hash rates threaten blockchain decentralization.
Opinion: Bitcoin Price Will Be Less Volatile in Coming Weeks: Bitfinex
Question: Bitcoin and Financial Inclusion: A Potential Solution for Global Poverty? Has the Bitcoin Bear Market Ended, or Are More Losses Ahead? How can Bitcoin hold $28K amid the banking crisis?
Follow Up: Balaji Srinivasan ‘Not Backtracking’ on Massive Bitcoin (BTC) Bet As Probability of US Debt Default Rises.(2) In addition, Arthur Hayes believes Bitcoin Price Destined for $1,000,000 Following First Republic Collapse.
ETHEREUM
Ethereum price outlook weakens, but ETH derivatives suggest $1.6K is unlikely. Ethereum whale population drops after Shapella. Ethereum withdrawals flatline as memecoins drive ETH burn rates higher.
STABLECOINS & CBDCs
Number of Stablecoins Held on Exchanges Slips to 2-Year Low. Exploring the Risks of CBDCs, Digital US Dollars.
ALTCOINS
700 Million XRP Locked Back by Ripple, 300 Million to Be Dumped on Market. Cardano (ADA) Price Hits Roadblock at Resistance, while it Records Impressive Growth in April With Over 65 Million Transactions. DOGE adds 340k new holders in 3 months as investors flock to load their bags. Solana Has a Spam Problem.
EXCHANGES
Coinbase & Gemini Launches International Exchange with Bitcoin and Ethereum Perpetual Futures.(7)
Lesson: What is the wash-sale rule, and does it apply to crypto? Coinbase Grew Quickly by Working With U.S. Regulators. Will It Expand Even More by Disregarding the SEC?
LEGISLATION & REGULATION
British MP Lisa Cameron is 'not invested personally' in crypto but advocates for regulation. SEC crackdown on crypto staking in the US could boost decentralization.
Opinion: Binance, Circle chime in on UK's proposed crypto regulatory framework
Question: How Will Pending UK Regulation Transform Its Crypto Market, Compared to the EU?
LEGAL CASES
Coinbase complaint calls crypto exchange's KYC procedures 'unlawful' facing lawsuit.(7) Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham.’ DCG's CFO Steps Down as Crypto Conglomerate Repays $350M Loan.(2) Kraken Is Standing Ground Versus the IRS.
ATTACKS/HACKS/SCAMS
Decentralized Perpetual Market Level Finance Hacked for $1.1M. Major takedown: 288 dark web vendors arrested, $55M in crypto and cash seized.
WATCH
LISTEN
Podcast of the Day: #1194 Dr. David Andolfatto | First Central Banker To Present Bitcoin Publicly | TPP
