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Happy Humpday Folks! As Bitcoin attempts to find some stability above $30K we wait. Sentiment from the Analyst's Corner appears to be getting bullish, could the tide be about to turn in June? Cardano continues to steal the show as the most held asset during this brutal bear market and Litecoin get's delisted; will it continue to strive or will this Crypto Winter freeze it out? 

Meanwhile, Grayscale is prepared to fight the SEC if it doesn't approve their GBTC fund into a SPOT traded ETF. In a tweet by Jake Chervinsky, he seems to think the hiring of the former Solicitor General was a strong move. In addition, Caitlin Long's bank is suing the Federal Reserve, looks like Crypto is fighting for sure. 

Lots of great podcast to check out and continue reading and watching because it's never a boring day in the world of Bitcoin. 

JUST IN

• Edge Releases First 'Confidential' Bitcoin Mastercard (Decrypt | Decrypt)

BITCOIN

• Over $1.5 Billion Worth Of Bitcoin Leaves Exchanges As Accumulation Wars Intensify (ZyCrypto)
• Bitcoin bears have plenty of reasons to hold BTC price below $32,000 (Cointelegraph)
• Bitcoin Back Above $30k As Coinbase Observes 38k BTC Outflows (Bitcoinist)
• Bitcoin declared ‘dead’ 52% less in 2022 despite bear market vibes (Finbold)
• Bitcoin (BTC) Consolidates Below $31,000 With No Clear Trend Direction (BIC)
• Wall Street sends BTC price to $30.8K as latest US dollar uptick fails (Cointelegraph)
• Bitcoin ($BTC) HODLers ‘Double Down’ as Key Indicators Suggest Bear Market Won’t Lead to 80% Drawdown (Cryptoglobe)
• Bitcoin Short-Term Holders Approaching Peak Pain As BTC Trades Below $30,000: Analytics Firm Glassnode (TDH)
• Egg On Face: St. Louis Fed Uses Bitcoin As Unit Of Account (Bitcoinist | BM)
  
• 'Can it get any easier?' Bitcoin whales dictate when to buy and sell BTC (Cointelegraph)
• Bitcoin Optimism: People In Developing Nations Believe Crypto’s Future Is Bright (Bitcoinist)
• Bitcoin-Based Funds See Inflows Returning (BIC)
• A Look Inside MicroStrategy’s $2.4 Billion Loan Used To Buy Bitcoin (NewsBTC)

ALTCOINS

• Traders target $1,400 Ethereum price after ETH drops closer to a critical support level (Cointelegraph)
• Ethereum ‘double Doji’ pattern hints at a 50% ETH price rally by September (Cointelegraph)
• TA: Ethereum Holds Crucial Support, Why Hopes of Fresh Rally Is Intact (NewsBTC)
• Ethereum (ETH) Market Cap Slashed By More than $100 Billion in May (BIC)
• Cardano tops poll as the most held crypto in a bear market (Finbold | Bitcoinist | Cryptoglobe)
• Top South Korean Crypto Exchanges Set Litecoin (LTC) Delisting Date Following MimbleWimble Upgrade (UToday | Cointelegraph | TB | Decrypt | ZyCrypto | BIC | Cointelegraph)

ANALYST'S CORNER

• Benjamin Cowen: Bitcoin (BTC) Could Rally Significantly From Here, Says Analyst Benjamin Cowen – But There’s a Catch (TDH)
• TechDev: Crypto Bear Market Bottom Might Be Close, Eccentric Indicator Says (UToday)
• Nigel Green: deVere Group’s CEO Predicts ‘Significant Bounce’ in Bitcoin Price by Q4 (BIC)
  
• Capo: Trader Who Accurately Predicted 2022 Bitcoin and Crypto Meltdown Says BTC Capitulation Imminent After Recent Rally (TDH)
• InvestAnswers: Don’t Count on Massive Bitcoin (BTC) Capitulation, Ethereum (ETH) Next Stop at $2,200? (TDH | TDH)
• Peter Brandt: Veteran Trader Peter Brandt Unveils Big Downside Target for Ethereum in New ETH Forecast Update (TDH | Cointelegraph)
• Cred: Here’s What It Will Take for Ethereum, Solana and Avalanche To Spark Long-Awaited Rallies, According to Top Crypto Analyst (TDH)
• NYDIG: Paper Claims Algorithmic Stablecoins Are Impossible And DeFi Too Risky (Bitcoinist)

NOTABLE VOICES

• U.S. Senator Lummis: America has ‘crossed the chasm,’ says Bitcoin will not be banned (Finbold)
  
• Senator Gillibrand: SEC Chairman Believes Bitcoin and Ethereum are Commodities, According to Senator (CryptoPotato | Cointelegraph)
• Michael Saylor: Despite the Bear Market, Michael Saylor Explains Why Bitcoin Is Going to $1M (CryptoPotato | UToday)
• Bank for International Settlements: Cryptocurrencies Have One Huge Disadvantage to Traditional Finance (TDH)

ACCPETANCE/ADOPTION

• How This Ripple Partnership Will Enable Crypto Payments For Luxury Items (Bitconist)
• Ripple’s Managing Director for Europe: ‘We Continue To See Strong Demand’ (Cryptoglobe)

WEB 3

• $ADA: Hollywood Actor Martin Lawrence Is Working on a Cardano-Powered NFT Collection (Cryptoglobe)
• Cardano Metaverse Project Cardalonia Releases Staking Platform, Set To Release Playable Avatars On The Cardano Blockchain (NewsBTC)

DEFI

• Ethereum’s total value locked in DeFi shrank 35% in May, while TRON’s rose 47% (Finbold)

THE BITCOIN NETWORK IS AS HEALTHY AS EVER

ETF

• Bitcoin ETPs Buck Crypto Winter Trend, Boast New ATH (Bitcoinist)
  

BLOCKCHAINS

• Bitcoin transaction fees at 3-year lows, a signal of bear market? (Finbold)
• Ethereum adds 500,000 new addresses per week despite sluggish market (Finbold)
• Ethereum’s Merge Upgrade Goes Live Today on Ropsten Testnet (Decrypt | Trustnodes | TB | EWN | Blockworks)
• U.S. satellite TV giant DISH launches a loyalty coin system built on Cardano blockchain (Finbold | Bitcoinist)
• Cardano ($ADA) Now Has Over 1,000 Projects Building on It, Input Output Reveals (Cryptoglobe)
• Cardano Volume Surges As DeFi Development Ramps Up (Bitcoinist)
• $ADA: Cardano’s Code Repository Sees 12% Increase in Number of Contributors: CryptoCompare Research (Cryptoglobe)
• Grayscale Increases Cardano ($ADA) Allocation in Smart Contract Fund (Cryptoglobe)
• Solana Raised $100 Million to Support Crypto Projects in South Korea (CryptoPotato | Cointelegraph | TB)
• Solana Ranks Near Bottom on DeFiSafety Technical Risk Score (BIC)

LEGISLATION/REGULATION

• New York state releases guidance for issuing dollar-backed stablecoins (Cointelegraph | TB | Finbold)
• Grayscale hires Obama's former Supreme Court lawyer for legal push against SEC (TB | Blockworks | CryptoPotato | Cointelegraph | BIC | Finbold)
• Digital asset bank Custodia is suing the Federal Reserve over an application delay (TB | Cointelegraph | CryptoPotato | TDH)
• Bill to ban digital assets as payment introduced in Russian parliament (Cointelegraph | CryptoPotato)
• XRP Lawsuit: Ripple Case Direction Now to Be Determined by Speech of Former SEC Official: Fox Business (UToday | Cryptoglobe)

MINING

• New York Governor yet to commit to signing Bitcoin mining ban into law (Cointelegraph)
• Bitcoin Miners Accumulate 1.8 Million BTC (Trustnodes)
• Bitcoin mining difficulty increases by 1.29% (TB)
• CFTC chair eyes disclosures to curb energy consumption in Bitcoin mining (TB)
• Greenidge Generation mined 195 BTC in May (TB)
• Bitcoin mining stock report: Wednesday, June 8 (TB)
• Bit Digital mined about 30% less bitcoin in May (TB)
• Bitcoin Miner Revenues Stay Low As Price Decline Continues (NewsBTC)

AN EASY GUIDE TO USE THE COLDCARD BITCOIN HARDWARE WALLET

THE BAD

• Don't click links: Crypto community responds to alleged Telegram ‘exposé’ (Cointelegraph)
• South Korean Authorities Investigate Terraform Employee Over Bitcoin Theft (BIC)
• In Latest Crypto Hack, 20M Tokens Lost as Market Maker Wintermute Takes Blame (Blockworks | TB)

PODCASTS

• Bitcoin Fundamentals:  BTC081: Bitcoin Legal Tender & International Adoption w/ Mike Peterson
• Untold Stories: Accelerating Crypto Adoption with Michael Shaulov
• The Scoop: Marathon CEO explains the 3 key factors that make or break a bitcoin mining company
• The Pomp Podcast: #993 Dylan LeClair On The Bitcoin Miner Bear Market
• The Breakdown: The First Comprehensive US Crypto Legislation Is Here
• The Wolf of All Streets: The Future Of Crypto Mining | Peter Wall, Argo CEO
• Bitcoin Audible: Read_629 - On Impossible Things Before Breakfast [NYDIG]
• The Crypto Conversation: Powerledger - trading renewable energy
• Decrypt Daily: June 7: Bipartisan Crypto Bill, SEC & BNB, Epic Games Epically Unhappy