“Life is a long lesson in humility.”
- James M. Barrie

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Welcome to Thursday Folks! Bitcoin is making an attempt to bounce higher from here, with Analyst sentiment indicating a major breakout. However, Tom Lee thinks Bitcoin will end flat at the end of 2022. Cardano is still on a roll and doesn't appear to be slowing down as more and more project shift to that Blockchain. 

Ethereum testnet launch was a success and the Lightning network reached another all time high. USDT launching on Tezos makes it the ninth Blockchain that it has launched on. Time and Patience remains the best weapons in this market. Soon the assets will soar again and sun will shine again, but until it does remain vigilant. 

JUST IN

• Jay-Z and Jack Dorsey announce funding for free Bitcoin education program (Finbold | TB | BIC)
• VeChain Inks $100 Million Marketing Deal With Sports Franchise UFC (EWN)

CRYPTO MARKET

• Billionaires Remain Wary Of Bitcoin—But They’re Buying Crypto At A Higher Rate Than The Average Investor, Forbes Survey Finds (Forbes)
• Crypto privacy is in greater jeopardy than ever before — here's why (Cointelgraph)

BITCOIN SHOWS YOU — IT DOES NOT TELL YOU

BITCOIN

• Bitcoin Dominance Rate (BTCD) Reaches New Yearly High (BIC)
• Bitcoin derivatives data forecasts sub-$30K BTC price heading into Friday’s $800M options expiry (Cointelegraph)
• Bitcoin Decline Sees Funding Rates Plunge To Three-Month Lows (NewsBTC)
• Bitcoin (BTC) Makes Another Failed Attempt at Breaking out Above $31,500 (BIC)
• Bitcoin stocks correlation 'feels like' 100% as $30K BTC price frustrates (Cointelegraph)
• TA: Bitcoin Stuck In Key Range, Why A Major Breakout Is Possible (NewsBTC)
• Bitcoin Trading Can Become Easier if You Follow $BTC Whale Behavior, Whalemap Researchers Say (Cryptoglobe)
• U.S. Macro Pressure Responsible For Entire Bitcoin Downtrend (Bitcoinist)

THE ACADEMIC SUPPRESSION AND IGNORING OF BITCOIN

ALTCOINS

• This key Ethereum price metric shows ETH traders aren’t as bearish as they appear (Cointelegraph)
• Market Watch: Cardano Gains Another 3% While Bitcoin Still Flirts With $30K (CryptoPotato)
• Ripple Co-Founder Jed McCaleb Brings Total $XRP Sales to Over 500 Million YTD (Cryptoglobe)

STABLECOINS

• Stablecoin Leader Tether (USDT) Launches on Tezos Blockchain (CryptoPotato | TB | Decrypt | Cointelegraph | Decrypt | BIC)
• Interview: Bitfinex/Tether CTO Paolo Ardoino Weighs Speaks to Tether Expansion Plans in Latin America (BIC | Cointelegraph)

ANALYST'S CORNER

• Rekt Capital: Here’s What Historically Happens to Bitcoin After Reaching Its ‘Death Cross,’ According to Top Crypto Analyst (TDH)
• Capo: Issues Bitcoin (BTC) Price Alert, Says Critical Phase Could Begin Today - Real Capitulation Will Kick Off When Ethereum (ETH) Plunges Below This Critical Level, Warns Top Crypto Analyst (TDH | TDH)
• Dan Gambardello: ‘$ADA Will Probably Hit $10 a Lot Sooner Than Most Think’ (Cryptoglobe)
• Nigel Green: Bitcoin (BTC) Is Eyeing a Significant Bounce, According to deVere Group CEO – Here’s His Timeline (TDH)
• Tom Lee: Bitcoin will finish 2022 ‘flat, possibly up’ says analyst as Saylor bets on $1M BTC (Cointelegraph)
• Michael van de Poppe: Altcoins Gearing Up To Potentially Double in Price As Bitcoin Relief Rally Ensues, Says Crypto Analyst (TDH)

NOTABLE VOICES

• Peter Smith: Blockchain.com CEO on Crypto Winter: We’re Now Entering ‘Despair’ (Blockworks)
• Jim Cramer: ‘Fortunes’ Have Been Made From Speculating on Crypto; focus on Bitcoin and Ethereum (Cryptoglobe | CryptoPotato | Bitcoinist)
• Charles Hoskinson: Responds to Max Keiser Taking Jab at Cardano (UToday | TDH)
  
• Mohnish Pabrai: Crypto investments will be a ‘big zero’ in the end, says value investor (CNBC | UToday)
• Mike Novogratz: Billionaire says two-thirds of crypto hedge funds will go bankrupt (Finbold)
• Jeremy Hogan: SEC Made a ‘Big Mistake’ That Will Come Back To Haunt Them in XRP Lawsuit, Says Legal Expert (TDH)
• Charles Hoskinson: Cardano Founder Says Ethereum Merge Not Coming Until 2023 (Bitcoinist)

PEOPLE ON THE MOVE

• RippleNet's General Manager Is Stepping Down (UToday)

ACCEPTANCE

• Food chain everbowl accepts franchise fee payment in Bitcoin (BM)
• Over 90% of U.S. businesses accepting crypto see revenue grow, data shows (Finbold | BIC | Bitcoinist)

BLOCKWARE ESTIMATES 10% GLOBAL BITCOIN ADOPTION BY 2030: REPORT

WEB 3

• Cardano Metaverse Project Cardalonia Releases Staking Platform Allowing Passive Income For $LONIA Holders (Bitcoinist)

DEFI

• DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50% (Cointelegraph)
• Aztec updates its Layer 2 network to introduce privacy-focused DeFi on Ethereum (TB)

ETF

• Why Grayscale’s Bitcoin ETF Could Actually Get Approved (Bitcoinist)
  
• CFTC Commissioner Summer Mersinger Believes Agency Could Become Primary Crypto Regulator for Industry (BIC)
• European crypto ETN and ETP report: Thursday, June 9 (TB)

BLOCKCHAINS

• Shock And Awe: Bitcoin Lightning Network Capacity Reaches New ATH (Bitcoinist | Cointelegraph)
• Ethereum just completed a successful dress rehearsal for its most important upgrade ever (CNBC | EWN | Trustnodes | BIC)
• Cardano (ADA) Emerges As Favored Ethereum Rival in Grayscale Investments’ Smart Contract Platforms Fund (TDH)
• Cardano Proponents Envision New ADA All-Time High As Groundbreaking Vasil Hard Fork Closes In (ZyCrypto)
• Solana Challenges Poor Safety Rating From DeFi Watchdog (Decrypt)

EXCHANGES/BANKS

• Florida welcomes the state’s first credit union that offers crypto services (Finbold)
• Tech Giant PayPal Beefs Up Support for Bitcoin (BTC), Ethereum (ETH) and Two More Crypto Assets (TDH)

MINING

• Bitcoin miners in Washington’s Chelan County face a 30% increase in electricity fees (Finbold | Bitcoinist)
• Bitcoin Hash Rate Recovers to New All-Time Highs (CryptoPotato)
• Bitcoin (BTC) on-Chain Analysis: Hash Ribbon Shows Miner Capitulation (BIC)
• Bitcoin miners in Texas have been powering down amid heatwave and record electricity demand (TB)

LEGISLATION/REGULATION

• $ETH: Three Reasons to Believe Ethereum Is Not Deemed a Security by the U.S. SEC (Cryptoglobe)
• SEC Investigating $60 Billion Terra Implosion (UToday | TB)
• Crypto Industry Shows Some Love To New ‘Industry-Friendly’ Bill Regulating Digital Assets (Bitcoinist)
• New York DFS Rolls Out New Regulations for Dollar-Pegged Stablecoins (CryptoPotato | Blockworks)

THE BAD

• Attackers loot $5M from Osmosis in LP exploit, $2M returned soon after (Cointelegraph | CryptoPotato | TB)

PODCASTS

• The Wolf of All Streets: Why Everybody Should Have Bitcoin | Eric Weiss & James Putra
• The Pomp Podcast: #995 Nik Bhatia On Why Bitcoin Is The Layered Money We Need Now
• TFTC: #337: Q1 2022 Monetary Base Update with Matthew Mežinskis
• The Breakdown: The Great Repricing Comes to Crypto
• Bitcoin Magazine: Hyperinflation will Teach People a Lesson w/ Caitlin Long
• Bankless: Ethereum Merge Updates! | Tim Beiko