05 May: Meme Frenzy

05 May: Meme Frenzy

By theinspired | Inspiration | 5 May 2023


"Even death is not to be feared by one who has lived wisely."
 –Buddha

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Happy Tuesday Folks! Yesterday, Coinbase shuts down lending, FTX sought to clawback $4B, and SEC pulled definition of Digital Asset. The fear and greed index remains at 61 and the best performing asset for the past 24 hours remains $ETH up .06% in position #2. Let's get on to the news...

Trending News Topics:

  • Bitcoin Tractions Continue to Grow (3)
  • Blocks's Q1 Bitcoin Revenue Up (2)
  • Voyager creditors can get money back soon (2)

BITCOIN

Bitcoin price sets new May high above $29.5K as traders eye breakout. Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High.(3) The Rise and Fall of the Kazakhstan Bitcoin Mining Industry.

Opinion: U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan. Bitcoin Chalks Out 'Head and Shoulders' Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments.

Question: Can Bitcoin (BTC) Price Bounce Back Over $30,000? This Indicator Suggests it Could. Developer Inserts 'Bug' in Bitcoin Ordinals—How Bad Is It?

ETHEREUM

Ethereum (ETH) May Be in for Increased Volatility as When FTX Collapsed. PEPE Meme Coin Hysteria Pushes Ethereum Gas Fees to 1-Year High.(2)

EXCHANGES & ATMs

Coinbase Q2 2023 Outlook Highlights Potential Market Trends for Crypto Investors and Traders.(3) Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago.(2) Paxful co-founder plots ambitious plan to reopen p2p crypto trading after company implosion. UK’s FCA Continues Crackdown on Unregistered Crypto ATMs.

LEGISLATION/REGULATION/TAXATION

New York Attorney General Seeks New Crypto Powers for State Regulators.(3) Montana governor signs pro-cryptocurrency mining bill into law. New White House standards strategy could have implications for crypto industry KYC. South Korea Tightens Crypto Rules as Hong Kong Seeks Protections.

Opinion: Pro-XRP Lawyer Says US Moving Backwards on Regulatory Clarity, Argues SEC Has Failed To Protect Investors. Will Biden's plan to tax crypto mining reduce emissions? Critics say no. New York could force crypto firms to refund fraud victims with new legislation.

LEGAL CASES

Voyager creditors could start seeing funds in the ‘next few weeks.’(2) ‘We Never Got a Chance to Respond’: Bittrex CEO on SEC Wells Notice.

ATTACKS/HACKS/SCAMS

Israel Has Seized 190 Binance Accounts With Alleged Terrorist Ties Since 2021: Reuters.

WATCH

LISTEN

Podcast of the Day: Gold, Bitcoin & Inflation with Lawrence Lepard | What Bitcoin Did

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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