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It's Fridaaaaayyyy Folks! As we close out a crazy week with Bitcoin and the broader market seeing significant gains, the question remains will it continue or will we see a pull back this weekend? Bitcoin just printed the "mother of all $BTC bullish signal called the Bitcoin dollar cost average indicator. Let's take a look at the news...
Trending News Topics:
- Do Kwon public enemy #1
- Binance moving money
- Will SBF be put back in jail?
CRYPTO
Industry’s worst fears come true? 24% of new Crypto could be a pump and dump.
BITCOIN & ETHEREUM
Bitcoin price rejects $25K again, dips still remain attractive.(3) Bitcoin bulls aim to hold this week’s $BTC gains leading into Friday’s $675M options expiry.(2) Bitcoin metric prints 'mother of all BTC bullish signals' for 4th time ever.(2) Bitcoin exhibits ‘extremely bullish signal’ on 2-month Stochastic RSI chart.(2) Bitcoin breakout spurred by whale Stablecoin buying spree.
Bitcoin may go to zero if this happens, says Bitcoin veteran Cobra. Arthur Hayes believes that rally we are seeing now is result of FED policy. Joe Kernen calls out Charlie Munger for being ignorant on Bitcoin. Bitcoiners riled up after WSJ claims network relies on a ‘handful of mysterious coders.’
Compute North’s reorganization plan approved by bankruptcy judge.(3) Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Personal Jet Company. CleanSpark boosts computing power by 37% with thousands of new Bitmain rigs. ‘Bit-tendo’ prototype offers Bitcoin retro games for bars, conferences.
Unlike Merge, Ethereum's Shanghai upgrade could bring Ether price volatility. Can Ethereum reach $10,000? Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade.
STABLECOINS
Changpeng Zhao Makes Stablecoin Prediction Following SEC’s Binance USD (BUSD) Enforcement Action.
ALTCOINS
AI sets $XRP price for the end of 2023: $0.49. Dogecoin sown 3%, social sentiment signaled this decline in advance.(2) Fortune 500 Giant Siemens Uses Polygon To Launch New Blockchain-Based Bond. Litecoin price could double if it moves above $108.
EXCHANGES
Binance Moved Funds From US Affiliate's Silvergate Bank Account in 2021; now refutes report.(7) Binance Admits to Compliance Missteps, but Now in Talks With US Regulators.(2) Binance considers severing U.S. ties in face of Crypto crackdown: Bloomberg.(2) CZ denies report Binance is considering major breakup with US business partners.(2)
LEGISLATION/REGULATION/TAXATION
CFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets. SEC tightening of Crypto regulations is not an existential threat. Crypto Mom is Against the SEC’s New Crypto Custody Rules. SEC’s staking crackdown has uncertain consequences for DeFi. The IRS are looking at your Crypto more than ever before. Canada Close to Tightening Rules for Crypto Exchanges. No, Hong Kong won’t be allowing retail traders access to Crypto on June 1. Coinbase Exec Faryar Shirzad: US Congress needs to ‘step up’ its Crypto regulatory efforts.
LEGAL CASES
Bankman-Fried Remains Out on Bond, but Judge Warns ‘Revocation’ Proceedings Possible in Future.(2) Bankman-Fried $250M Bond Is a ‘Joke,’ Claims Securities Lawyer. Former FTX Executive Nishad Singh Planning to Plead Guilty to Fraud: Bloomberg. Sam Bankman-Fried is embroiled in legal drama; FTX is moving on without him.
Terra Luna
SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD Stablecoin.(10) SEC: Do Kwon cashed out massive Bitcoin stockpile of 10K Bitcoins via Swiss bank.(5) Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem.(2)
Mt. Gox
Mt. Gox top creditor goes with early payout option.
CEFI
BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company. Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy.
ATTACKS/HACKS/SCAMS
Crypto Theft Rose in 2022 as Scams, Ransomware Bounty Fell: Chainalysis.(2) California regulator launches complaint-based crypto scam tracker.(2)
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations. Thanks again for reading, watching, and listening with me. Tornado Cash Developer to Stay in Jail as Dutch Trial Continues.
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Podcast of the Day: Is Gary Gensler on a Mission to Put Crypto Down for Good? | Unchained
