05 May: That's So Gucci


“Stop shrinking yourself to fit places you've outgrown.”
-Unknown

--NO TAX ON CRYPTO PROFITS!--  

Happy Thursday Folks! As we head into the weekend Bitcoin and the broader Digital Asset market seems to want to push higher. The rate hike was baked in and now let's see how high it will go before it pulls back again; it does appear Institutional investors are exiting. In the meantime, Gucci has decided to accept Digital Assets as part of an ongoing experiment in Web3. Bitcoin mining energy debate continues on but globally Bitcoin is becoming more renewable. Listen to the Pomp Podcast as he talks with Nic Carter about Bitcoin Mining. 

MOST COVERED 

BREAKING

  • Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy (Cointelegraph | TB | Decrypt | BM)
  • Block reports $1.73 billion in bitcoin sales via Cash App during Q1 2022 (TB)

CRYPTO MARKET WATCH

  • Crypto FUD at 3-month high despite short-term price recovery (Finbold)
  • Coinbase Research  (TDH | Cointelegraph | CryptoPotato)
  • Green Market Watch: Bitcoin Eyes $40K, Cardano (ADA) Explodes 9% (CryptoPotato)
  • Coinbase stock price falls more than 11% amid broader market rout (TB)
  • Gold, Stocks, and BTC – MicroStrategy Wins the Week (May 5) (BIC)

BITCOIN

  • Bitcoin Bullish Signal: Netflow Observes Sharp Negative Spike (Bitcoinist)
  • Bitcoin Getting Obliterated as Dollar Index Surges to Highest Level in Decades (UToday)
  • Bitcoin falls towards $38K as stocks abandon Fed 'reactionary rally' (Cointelegraph)
  • Bitcoin bulls gain a foothold in the market as BTC targets $40,000 (Finbold)
  • Bitcoin (BTC) Creates Bullish Engulfing Candlestick, Breaks Out From Consolidation Pattern (BIC)
  • S&P500, Bitcoin and Gold on Rise Following Historic Rate Hike: Here's What's Next (UToday)
  • Bitcoin Could See 10% Jump, As Volatility Drops To 18-Month Low (NewsBTC)
  • TA: Bitcoin Price Breakout Suggests A Short-term Trend Change (NewsBTC)

TURKEY INFLATION DATA SHOWS ANNUAL 70% CPI INCREASE, BITCOIN FIXES THIS

ALTCOINS

CBDCs

  • Tron Launches its USDD Stablecoin With Over $100 Million Already in Circulation (EWN)

ANALYST'S CORNER

  • Tone Vays: Veteran Trader Issues Bitcoin (BTC) Alert, Says ‘Critical Low’ Incoming (TDH)
  • Michael van de Poppe: Here’s What’s Next for Chainlink (LINK), Uniswap (UNI), VeChain (VET) and Fantom (FTM), Says Top Crypto Analyst (TDH | TDH)
  • Coinmarketcap: Crypto community with 77% historical accuracy sets Monero price for May 31, 2022 - $247.67 (Finbold)
  • Lyn Alden: Bitcoin trader keeps $40.8K BTC price target amid warning over risk asset ‘pain trade’ (Cointelegraph)
  • Capo: Crypto Trader Warns 50% Drop Will Slam Two Ethereum Rivals, Predicts Massive Capitulation Incoming (TDH)

NOTABLE VOICES

  • Michael Saylor: Bitcoin (BTC) Is the Least Risky Thing To Have in a Retirement Portfolio, Says MicroStrategy CEO (TDH)
  • Sam Bankman-Fried: CFTC, SEC Cooperation Key to Solving Crypto’s Regulatory Woes, FTX CEO says (Blockworks)
  • Anthony Scaramucci: SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy (Cointelegraph)
  • Ice Cube: I'm Down with Doge Army, Rapper Says (UToday | CryptoPotato | Bitcoinist)
  • Summer Rae: Professional Wrestler is Bullish on Bitcoin (Bitcoin Magazine)
  • Ricardo Salinas: Bitcoin Masterclass, Part 1 - Fiat Fraud – w/ Keiser & Herbert (Bitcoinist)
  • Jared Huffman: “Cryptocurrency mining is poisoning our communities,” US Rep. says (Blockworks)

PEOPLE ON THE MOVE

  • Global X Poaches 21Shares Exec To Lead Digital Assets Product Push (Blockworks)
  • CFTC commissioner appoints crypto-experienced CME Group director as chief counsel (Cointelegraph)

PARTNERSHIPS

  • Tauros, IBEX Mercado Partner For Mexico's First Lightning-Enabled Bitcoin Exchange (Bitcoin Magazine)

WEB3

  • Moonbirds, Solana Boost NFT Market in April as Sales Jump 45% (Decrypt)
  • Here’s why blue-chip NFT prices continue to soar nearly a week after the Otherside mint (Cointelegraph)
  • YellowHeart is Transforming How Tickets Are Issued, Sold and Exchanged (Decrypt)
  • Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report (Cointelegraph)
  • Bored Ape Yacht Club Surpasses $2 Billion in All-Time Sales (BIC)
  • Iconic crocodile hunter Steve Irwin’s family zoo to launch NFTs to aid conservation efforts (Finbold)
  • Mixing reality with the Metaverse: Fashion icon Phillip Plein goes crypto (Cointelegraph)

ETFs

  • Another Bitcoin Futures ETF Approved by SEC With No Spot Product in Sight (Blockworks)

CEFI/DEFI

  • Lido Finance overtakes Curve to become the biggest DeFi protocol by TVL (TB)
  • Aussie exchange Swyftx to offer ‘no lock-in’ yield on crypto (Cointelegraph)

BLOCKCHAINS

  • Bitcoin celebrates halfway to the halving with new hash rate record (Cointelegraph)
  • Ethereum Gets Ready For Third Mainnet Shadow Fork (Trustnodes | UToday)
  • 5 Biggest 'Ethereum Killers' (Decrypt)
  • Cardano activity ramps up as Vasil hardfork nears; Here are the latest developments (Finbold | NewsBTC)
  • $ADA: IOG Talking to Potential Clients About Launch of Its Cardano-Powered Product Authentication System (Cryptoglobe)
  • Solana (SOL) Developers To Introduce New Fee System To Optimize Network (TDH)
  • Chainlink set to power Latin American real estate platform (Cointelegraph)

EXCHANGES/BANKS

  • New Shiba Inu Trading Pair Lists on Binance: Details (UToday)
  • One of Argentina’s Largest Banks Now Offering Crypto Service That Supports XRP (Cryptoglobe)

MINING

  • Bitcoin Mining Rigs Could Heat Vancouver Homes Next Year. Take That, ESG FUD (Bitcoinist)
  • Bitcoin Miner Announces Losses (Trustnodes)
  • Bitcoin Will Use Energy And It Doesn't Need To Be Renewables (Bitcoin Magazine)
  • The crypto industry mobilizes in New York over mining moratorium (TB)
  • A look at the trends driving down GPU prices — and what this means for Ethereum miners (TB)

LEGISLATION/REGULATION

  • Congress schedules hearing on FTX's proposal for disintermediation (TB)
  • Grayscale's Stellar Lumens, Zcash and Horizen Trusts Seeking SEC-Reporting Company Status (UToday)
  • Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)s (Cointelegraph)
  • Alabama Senator Supports Allowing Crypto in Retirement Accounts (UToday)
  • Bitcoiners Protest Democrats ‘Misleading’ Letter Sent to EPA (Blockworks)
  • Ripple Takes the Gloves Off in XRP Lawsuit, Goes After ‘Ridiculous’ SEC Tactics: Crypto Legal Expert (TDH)
  • New crypto litigation tracker highlights 300 cases from SafeMoon to Pepe the Frog (Cointelegraph)
  • French Financial Regulators Approve Binance as a Crypto Service Provider (BIC | Trustnodes

FOLLOW DAT MONEY

  • Blockchain gaming startup InfiniGods raises $9 million in round led by Pantera (TB)
  • LootRush raises $12 million to make blockchain games easier to play (TB)
  • NFT Platform Zora Raises $50M in First Big Bet for Haun Ventures (Decrypt)
  • Binance commits $500M to co-invest in Twitter with Elon Musk (Cointelegraph)

MISC

  • Socios signs up Major League Soccer — but it’s not a token effort yet (Cointelegraph)
  • Here’s how Buterin’s millions donated to India’s covid relief program were spent (Finbold)
  • Opera browser enables direct access to BNB Chain-based DApp ecosystem (Cointelegraph)

PODCASTS

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TheCryptoCurator
TheCryptoCurator

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. If you want to sign up for SMS alerts - text CRYPTO to +1 (214) 380-2013.


The Crypto Curator
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