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EVERY ATHLETE SHOULD BUY BITCOIN

Happy Friday Folks! Bitcoin just doesn't want to remain above $30K does it? Well more coin for you to get if you are DCAing or doing automatic re-occurring purchases at a time like this. The most covered news today is the NY Bitcoin mining ban, which is simply banning any mining using PoW; which is silly. If you listen to the NY AG, you will be sad and HFSP; she is either clueless OR she's pushing an agenda. Now Miners are asking the Governor to vote the bill. Ensure you take time to read, watch, and listen to the content in today's brief. 

CRYPTO MARKET

• Crypto firms say thousands of digital currencies will collapse, compare market to early dotcom days (CNBC)
• Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve (Cointelegraph)
• Stocks surge, altcoins give back their gains and dollar strength may push Bitcoin lower (Cointelegraph)

HOW TO KEEP BITCOIN FROM DRIVING YOU CRAZY

BITCOIN

• Bitcoin’s move to $32.4K was a fakeout — Here’s the price level most BTC traders are waiting for (Cointelegraph)
• Can Bitcoin Bounce Back To $35K? Here’s What Stands In The Way (NewsBTC)
• Key Bitcoin ($BTC) Indicator Flashes Buy Signal for First Time Since March 2020 (Cryptoglobe)
• Bitcoin Dominance Climbs to Highest Level Since October 2021 as Ethereum Underperforms (UToday)
• Bitcoin (BTC) Resumes Consolidation Above and Below $30,000 (BIC)
• Has Bitcoin Bottomed Out? Ex-BitMEX CEO Arthur Hayes Says Terra (LUNA) Fiasco Offers a Clue (TDH)
• First Mover Asia: Bitcoin Climbs Past $30K, but Bearish Sentiment Remains (Coindesk)
• Bitcoin Maintains $30K as Altcoins Consolidate (Market Watch) (CryptoPotato)
• TA: Bitcoin Attempts Fresh Increase, Why 100 SMA Is The Key (NewsBTC)

ALTCOINS

• Ripple-Based Remittances Now Available to 54 Million Customers per New Bexs Partnership (UToday)
• Cardano Is Sizzling With Fiery Momentum – Here Are The Milestones The Community Is Looking Forward To (ZyCrypto)
• Leading Ethereum (ETH) Competitor’s Price Falls by Double Digits After Network Crashes (TDH)

STABLECOINS

• Tether Team Claims the Financial Times Has an Obsession With USDT and its Execs. (EWN)

ANALYST'S CORNER

• Rekt Capital: Top Crypto Analyst Pinpoints Date (01 Jan 2023) on Bitcoin and Crypto Turnaround (TDH)
• Scott Melker: Crypto Analyst ‘Wolf of All Streets’: Bitcoin Is ‘Absolutely Going to the Moon’ (Cryptoglobe)
• Michael van de Poppe: Crypto trading expert outlines crucial level Bitcoin needs to flip for bullish continuation (Finbold) Bitcoin, Ethereum and One ETH Competitor Are Close to Bouncing (TDH)
• Arthur Hayes: Ethereum at $10,000 by End of 2022 Still Possible, Reiterates Arthur Hayes (CryptoPotato | Bitcoinist | TDH)
• TechDev: Bitcoin bounces to $30.7K as analyst presents Stock-to-Flow BTC price model rehash (Cointelegraph)
• Coinshares: $XRP, $ADA, and $DOT Are Grabbing Investor Dollars Away From Ethereum (ETH) (TDH)

NOTABLE VOICES

• Letitia James: New York AG warns against crypto investments amid state push to ban mining (Cointelegraph)
• Bukele: If BTC Succeeds In ELSL, “It’ll Be One Of History’s Biggest Game-Changers” (Bitcoinist)

BLOCKCHAINS

• Tackling the Quantum Threat to Bitcoin (Coindesk)
• Ethereum Staking Increases but Will ETH Flood Markets After the Merge? (BIC)
• Ethereum L2 Gas Fees Hit ATH; Here's Why (UToday)
• Cardano Founder Flaunts Cardano's Haskell Programming Language to Elon Musk, Jack Dorsey (UToday)
• Why More Networks Should Imitate Cardano When It Comes To Writing And Shipping Code (Bitcoinist)
• Alchemy announces support for Solana Web3 applications the day after blockchain halted (Cointelegraph)

EXCHANGES

• Vanessa Harris: ‘Experience of Using DEXes on Cardano Is 100x Better Than on Ethereum’, Says Celsius Exec (Cryptoglobe)

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ETFs

• Over 200K BTC now stored in Bitcoin ETFs and other institutional products (Cointelegraph)
• Australia’s First Crypto ETFs Received Lukewarm Receptions Amid Rising Market Volatility (CryptoPotato)

MINING

• Bitcoin Miners Are Dumping Their Holdings En Masse — Bad Omen For BTC Price? (ZyCrypto)
• Bitcoin mining stock report: Friday, June 3 (TB)
• Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65% (Coindesk)
• Miners Threaten To Abandon New York As State Gives Nod To Bitcoin Mining Ban (Bitcoinist | Finbold | TB | Coindesk | Blockworks)
• Bitcoin miners urge New York's governor to veto moratorium passed by the Senate (TB)
• Kevin O’Leary-Backed Bitcoin Miner to Locate HQ in North Dakota (Coindesk | Finbold)
• Riot Blockchain Sells More Bitcoin, Trims Hashrate Guidance (Coindesk)
• Ethereum mining revenues fell by roughly 27% in May (TB)

LEGISLATION/REGULATION

• Lawmakers introduce bill to include crypto in Congressional disclosures (TB)
• Fed governor explains who needs crypto regulation and why demand for it is growing (Cointelegraph)

PODCASTS

• The Breakdown: Should Bitcoiners Be Worried About Biden's Energy Team?
• Empire: Is Crypto an Investable Asset Class? | Roundup