“Every success story is a tale of constant adaption, revision and change.”
-Richard Branson
Happy Friday Folks! Well it might not be so happy for some, the most covered news this morning is the OpenSea Discord server hack and used to promote a scam NFT pass. The crypto market isn't as happy as well as it continue to drop lower. Assets covered today is $ADA, $APE, $AXS, $TRX, and newcomer $GAL. While it's not getting a lot of press, JUNO team sent $36M to the wrong address; OUCH! Check out the Podcast below and watch Data Dash to see his analysis on the market.
MOST COVERED
- OpenSea Discord server hacked to promote scam NFT pass (TB | Finbold | UToday | EWN | CryptoPotato | Cointelegraph | Decrypt | Blockworks)
- Bitcoin Plunge (UToday | BIC | Blockworks | Cointelegraph | Bitcoinist | Bitcoinist | NewsBTC)
- SEC Fines Nvidia For Being Crypto Shy (Trustnodes | Cointelegraph | UToday | Finbold | Bitcoinist | BIC | CryptoPotato)
- House Sold In Portugal For 3 Bitcoin In Country's First-Ever Direct Transaction (Bitcoin Magazine | CryptoPotato | Finbold | Cryptoglobe)
- Argentinian central bank puts its foot down on crypto trading in major banks (Finbold | CryptoPotato | BIC | Bitcoinist)
- US adds Blender.io crypto mixing service to North Korean sanctions list (TB | UToday | Bitcoinist | Decrypt | BIC)
- Mining Capital Coin CEO indicted in DOJ fraud case (TB | UToday | Cointelegraph | TDH | Bitcoinist)
- Sony and Theta Labs Launch 3D NFTs That You Can (Almost) Touch (Decrypt | Cointelegraph | Bitcoinist)
- Luna Foundation Guard Buys $1.5B More Bitcoin to Boost Stablecoin Reserve (BIC | Blockworks | TDH)
CRYPTO MARKET WATCH
- Crypto market slumps to 2-month low as bulls fail to sustain the rally (Finbold)
BITCOIN
- Bank of America Proves Bitcoin Is Not Portfolio Diversifier (UToday | BIC)
- Bitcoin Risks $28k Bottom After Worst Plunge In 2 Months — BTC Sell-Off Takes Unexpected Turn (ZyCrypto)
- Six Weeks of Red, is the Bitcoin Cycle Happening? (Trustnodes)
ALTCOINS
- Ethereum ($ETH) (Cointelegraph)
- Cardano ($ADA) (BIC | UToday)
- ApeCoin ($APE) Axie Infinity ($AXS) (Decrypt | BIC)
- Polkadot ($DOT) (Cointelegraph)
- TRON ($TRX) (BIC)
- Project Galaxy ($GAL) (TDH)
CBDCs/STABLECOINS
- 90% of surveyed central banks are exploring CBDCs — BIS (Cointelegraph)
- Cardano and IOST Announce Plans to Launch Algorithmic Stablecoins (EWN)
AIRDROP
- Ethereum bridge Hop Protocol unveils token and airdrop for early users (TB)
ANALYST'S CORNER
- Mike McGlone: Bitcoin's rocky road to becoming a risk-off asset: analysts investigate (Cointelegraph)
- Guy: Cardano Adoption Is Surging, According to Coin Bureau – Here’s Its Forecast on the Future of the Ethereum Competitor (TDH)
- Coinmarketcap: Crypto expert panel projects Ethereum to peak above $5,700 by end of 2022 (Finbold)
- Coinmarketcap: Crypto community projects over 40% upside for VeChain by May 31, 2022 - $0.06589 (Finbold)
- Jason Goepfert: ‘Someone is blowing up’ — Bitcoin sees 2022 volume record amid hopes capitulation is over (Cointelegraph)
- David Gokhshtein: "SHIB Has a Great Model," Believes Next 12 Months Might Be Key for Shiba Inu (UToday)
NOTABLE VOICES
- Bill Lee: $DOGE Wallet Founder Makes ‘Largest Commercial Dogecoin Transaction’ in History (Cryptoglobe)
- Philip Davis: 'Regulations are in place to help crypto businesses understand operations,' says The Bahamas PM (Cointelegraph)
- Charles Hoskinson: On How Cardano Could Have 3rd Largest DeFi TVL (Bitcoinist)
- Dan Held: Kraken’s Dan Held Says Bitcoin (BTC) Supercycle Still in Play As Fundamental Factors Have Never Been So Bullish (TDH)
- Peter Schiff: Gold Bug Still Bemoans Bitcoin Mining, But Against an Outright Ban (BIC)
- Ran Neuner: Crypto Influencer Says Cardano Has ‘No Working DEX’, Charles Hoskinson Disagrees (Cryptoglobe)
PEOPLE ON THE MOVE
- NFT project Doodles appoints former Billboard executive as new CEO (TB | Decrypt)
- Latest in Crypto Hiring: 21Shares Nabs State Street Exec (Blockworks)
- Revolut's new crypto head departs as it gears up for digital assets push (TB)
- Marshall Wace makes new hire for digital assets team: Bloomberg (TB)
- Ledger CEO Meets Jamie Dimon (Trustnodes)
ACCEPTANCE/ADOPTION
- 10 Million Cash App Accounts Have Purchased Bitcoin, Jack Dorsey’s Block Brags (Blockworks)
- El Salvador’s central bank accepts Qredo's registration to provide crypto services (Cointelegraph)
WEB3
- Are Tokenized A.I. Pets Sustainable in the Metaverse? (BIC)
- Google is building a web3-focused team (TB | Cointelegraph)
- Spotify Builds Own Island In The Metaverse With Roblox (Bitcoinist)
- There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform industry (Cointelegraph)
- Multicoin Capital down 95% on its 8-figure investment in NFT project Loot (TB)
- Ready Games will help developers upgrade their games to Web3 (Cointelegraph)
ETFs
- SEC Greenlights Valkyrie Bitcoin Futures ETF, but No Sign of Spot Yet (BIC | Cointelegraph)
- Coinbase Loses $593,000,000 in Bitcoin (BTC) in Less Than a Day As BTC ETF Inflows See Massive Spike (TDH)
- Grayscale’s GBTC and ETHE products now available on Robinhood (Cointelegraph | EWN)
CEFI/DEFI
- Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach and more (Cointelegraph)
- Curve Dethroned as Largest DeFi by TVL: See New Leader (UToday)
EXCHANGES/BANKS
- Is Dubai the New Crypto Hub? Binance Success Leads to Further Crypto Expansion (BIC)
BLOCKCHAIN
- Eager to work: Bitcoin switch to proof-of-stake remains unlikely (Cointelegraph)
- Blockchain technology to power De Beers’ diamond production (Cointelegraph)
- $ADA: IOG Launches ‘Essential Cardano’ in Open Beta (Cryptoglobe)
- Transfer Error Worth $36 Million in Crypto Sent to Ether Blockchain (UToday | Coindesk)
MINING
- Controlling 17% of BTC hash rate: Report on publicly listed mining firms (Cointelegraph)
- New York environmental committee will not consider Bitcoin mining ban bill (Finbold)
- GPU maker NVIDIA settles with the SEC over crypto mining disclosure issues (TB | Blockworks)
- Test: Here’s how much you can earn monthly with cheap $600 crypto miner (Finbold)
LEGISLATION/REGULATION
- Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack (Cointelegraph)
- Colorado lawmakers advance bill to study use of security tokens for raising state capital (TB)
- Court Hits BitMEX Co-founders With $30M in Civil Monetary Penalties (CryptoPotato | Bitcoinist)
- China’s Crypto Stance Takes A Hit As Shanghai’s Top Court Upholds Bitcoin As Property (ZyCrypto)
FOLLOW DAT MONEY
- Amber Group is raising again after securing $200 million in February (TB)
- What Does Binance’s Investment in Twitter Mean for the Social Network’s Future? (Blockworks)
MISC
- The Popularity of Crypto Online Gambling in Canada (NewsBTC)
- Africa’s top golfers to shoot for Bitcoin prize on Sunshine Tour (Cointelegraph)
ATTACKS/HACKS/SCAMS
- Crypto Scammers Using Deepfakes To Trap Victims: NortonLifeLock (Bitcoinist)
PODCASTS
- The Crypto Conversation: BVNK - Combining crypto and fiat banking in one platform
- What Bitcoin Did: I Was in a Cult with Tuur Demeester
- The Pomp Podcast: #949 Darius Dale On Why Investors Should Be Very Nervous
- The Breakdown: Wait, Was the Fed Meeting Dovish or Hawkish?
- Unchained: Should Yuga Labs Have Charged More For Its Otherside NFTs?
- The Scoop: Blockchain.com CEO Peter Smith talks Dallas Cowboys sponsorship, IPO rumors
