“Nothing can be done except little by little.”
-Charles Baudelaire
Guess what day it is...HUMPDAY! It's a boring news day, nothing really earth shattering but it is imperative that you all keep your money safe in Crypto. Malware stealing bots are real so fortify your accounts, wallets, etc. The Terra Terror continues with no solid plan in sight. I've been through these horrible market conditions several times and this too will pass. Remain vigilant, DCA, BTFD, and HODL.
MOST COVERED
- Binance Is Actively Applying for Licenses in Germany (UToday | TB | EWN)
- Aave's backbone for decentralized social media, Lens Protocol, goes live on Polygon (TB | Cointelegraph | Blockworks | Decrypt)
- Mark Zuckerberg’s Meta Files 5 Trademark Applications For Possible Crypto Exchange – Meta Pay (EWN | TB | BIC)
- a16z launches $600 million fund to invest in gaming industry (TB | Decrypt | CryptoPotato)
- Do Kwon Legal Issues(TB | CryptoPotato | TB)
- Axie Infinity's Discord bot compromised, hackers issue fake minting message (Cointelegraph | NewsBTC | EWN)
- In Light of UST and LUNA Crash: G7 Countries to Discuss Crypto Regulations (Report) (CryptoPotato | Cointelegraph | Finbold)
NFL DEFENSIVE END ALEX BARRETT IS TAKING 100% OF HIS SALARY IN BITCOIN
CRYPTO MARKET WATCH
- New survey sheds light on people's concerns about investing in crypto (Cointelegraph)
- Crypto market is ‘immune to general monetary policy,’ study reveals (Finbold)
TERRA TERROR
- Luna Foundation Guard Reveals It Sold More Than $2,400,000,000 in Bitcoin (BTC) at Height of TerraUSD Collapse (TDH)
- Do Kwon puts his Terra revival plan to the vote (TB)
- Almost 100% of Luna Users Are Denying Terra Co-Founder's Plan (UToday)
- Early polling from Terra vote indicates 91% are in favor of 'rebirth' (Cointelegraph)
- Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview (Cointelegraph)
- Galaxy's Mike Novogratz talks Terra collapse in new shareholder letter (TB | UToday)
- Terra backer Pantera Capital says it cashed out 80% of investment before UST crash (TB)
BITCOIN
- Bitcoin price drops under $29K as Walmart, Target stock lose most since 1987 (Cointelegraph)
- Has Bitcoin Bottomed? (Trustnodes)
- Bitcoin’s (BTC) Short-Term RSI Gives Bearish Signal (BIC)
- Bitcoin shakes of Fed volatility as analysts remain split on return under $24K (Cointelegraph)
- Block details expanded Bitcoin efforts at 2022 Investor Day (TB)
ALTCOINS
- 2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level (Cointelegraph)
- Ethereum Falls Below $2K; This Indicator Reveals Hidden Bullish Divergence on Price (UToday)
- Ethereum (ETH) Bounces At Yearlong Horizontal Support (BIC)
- Ripple (XRP) Struggles To Breach $0.45 Level, Down 16% In Last 7 Days (NewsBTC)
- Cardano (ADA) Could Slide Back To $0.40 – But $0.68 Still Doable (NewsBTC)
- DOGE founder says 70% of crypto investors ‘have no clue’ what they do (Finbold)
- Record 12.6 Billion Burned by Shib Army in Last 24 Hours: Report (UToday)
- Aave price risks a 25% plunge as a classic bearish reversal pattern emerges (Cointelegraph)
- Axie Infinity (AXS) Bounces After 91% Decrease Since All-Time High (BIC)
- Ethereum-Based Altcoin Maker ($MKR) Soars 28% In Just One Week As Crypto Whales Dive In: Santiment (TDH | Cryptoglobe)
- Kadena Posts Double-Digit Losses as More Layer-1 Cryptocurrencies Tank (Decrypt)
- LUNA Supply Nears 7 Trillion, Is $1 Still Possible? (NewsBTC)
- Make or Break as Near Protocol (NEAR) Holds on at Support of Long-Term Channel (BIC)
ANALYST'S CORNER
- Kevin Svenson: Top Crypto Analyst Issues Bitcoin Warning, Says BTC in the Midst of Macrotrend Breakdown (TDH)
- Raoul Pal: Nasty Recession Imminent, Warns Macro Guru – Here’s His Outlook for Bitcoin, Ethereum and the Crypto Markets (TDH)
- Vinay Nair: Investors flock to Bitcoin-exposed funds despite market volatility, says Magnifi CEO (Finbold)
NOTABLE VOICES
- Bill Ackman: Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says (Bitcoinist)
- Jon Cunliffe: Bank of England governor warns of a ‘move out’ of risky assets like crypto (Finbold | Cryptoglobe)
- David Mercer: Big Money Crypto Traders Still Bullish on BTC and ETH, LMAX CEO Says (Blockworks)
- Vitalik Buterin (UToday | TDH)
- Mary-Catherine Lader: Uniswap COO says Now Is the Time for Community Members To Drive Growth (Blockworks)
PEOPLE ON THE MOVE
- $ADA: IT Engineer Leaves Job at TradFi Firm To Work With Cardano (Cryptoglobe)
CBDCs/STABLECOINS
- USDC Now the Most Purchased Crypto by Top 100 Ethereum Wallets (Coindesk | BIC)
- Maker (MKR) Surges Following TerraUSD (UST) Collapse, Boon for DAI (BIC)
- U.S. court rejects Tether’s bid to conceal reserve records from the public (Finbold)
- Norway’s Central Bank Chooses Ethereum L2 Project for CBDC Test (BIC)
WEB3
- ShapeShift creates FOX Foundation as intermediary for successful DAO transition (Cointelegraph)
- ‘V1’ CryptoPunks Move on With Rarible Marketplace After Larva Labs Dispute (Decrypt)
- Bored Ape Yacht Club floor price has fallen 50% in dollar terms this month (TB | Cointelegraph)
- Exploiting sports fans through NFTs won’t lead to a W (Cointelegraph)
PARTNERSHIPS/ACQUISITIONS
- Ripple Signs New Partnership With International Money Transfer Firm To Use XRP for Cross Border Payments (TDH)
- Vietnamese officials back new partnership to tokenize genomic profiles (Cointelegraph)
- Getty Images Teams Up With Candy Digital In Foray Into NFTs (Bitcoinist)
- Polygon partners with Orbs and DeFi.org to launch an accelerator program (Cointelegraph)
- SoftBank-backed The Sandbox Partners With Legendary Jazz Band Jamiroquai (CryptoPotato)
CEFI/DEFI
- ‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance (Cointelegraph)
ETFs/ETPs
- World’s Largest Crypto ETP Issuer Enters US Market (Blockworks)
- ETF Securities likens Australia’s crypto ETFs to gold product they launched 20 years ago (Finbold)
BLOCKCHAINS
- Bitcoin Fees Remain Low Despite Increased Activity, What’s Driving This? (Bitcoinist)
- Ethereum's main testnet set for proof-of-stake merge in early June (TB)
- What Are Ethereum Rollups? A Scaling Solution to Cut Transaction Costs (Decrypt)
- Ripple to Set Up New ODL Corridor Between EU and Mexico via New Partnership (UToday)
- XRP Ledger Pathfinding Demo Is Finally Revealed (UToday)
- Cloudflare to run Ethereum node experiment to help ‘build a better internet’ (Cointelegraph)
EXCHANGES/BANKS/WALLETS/
- Bitso officially launches its app in Colombia (TB)
- Crypto Exchange Coinbase Unveils New DApp Wallet and Browser for Ethereum (ETH) Network (TDH)
- Major Exchanges Stay Silent on Risks to Customer Funds (BIC)
- The Lightning Network Lunch: A Bitcoin contactless payment story (Cointelegraph)
- Robinhood To Roll Out Standalone Ethereum Wallet (Bitcoinist | BIC)
- Dogecoin Traders Might Soon Be Able to Swap DOGE on Robinhood Without Network Fees; Here's How (UToday)
- Ledger’s Upcoming Browser Extension Will See its Hardware Wallets Connected to Web3 (EWN)
- Two credit card firms in Israel to let cardholders buy Bitcoin (Cointelegraph)
MINING
- Argo Blockchain Q1 Net Income Plunges 90% to $2.1M (Coindesk)
- US Mining Stocks Continue to Fall Despite Increase in Hashrate (BIC | NewsBTC)
LEGISLATION/REGULATION
- Gensler tells Congress that the SEC is 'really out-personed' on crypto (TB | TDH)
- U.S. court rejects Tether’s bid to conceal reserve records from the public (Finbold)
- India Mulls ‘Reverse Charge’ Tax on Foreign Crypto Platforms (BIC)
- South Korean legislature considering new licensing system for crypto (Cointelegraph)
RUSSIA LEGALIZING BITCOIN AND CRYPTO IS A MATTER OF TIME, SAYS MINISTER OF INDUSTRY AND TRADE
FOLLOW DAT MONEY
- Fallen Hedge Fund Tycoon Raising Funds for Crypto TV Channel (CryptoPotato)
- Tally Labs strive to expand decentralized content ecosystem with $12M funding (Cointelegraph)
- FreshCut, a short-form video platform for gamers, raises $15 million (TB | Decrypt)
- Hackathon organiser and web3 incentive platform DoraHacks raises $20 million (TB | Blockworks)
- Cointelegraph Research launches venture capital database (Cointelegraph)
THE BAD
- Film Star Seth Green Loses Bored Ape NFTs Worth $300K in Phishing Attack (Bitcoinist | BIC)
- Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.2: Pheonix (Bitcoinist)
- Nearly 5,505 ETH, or $10M of the $625M Ronin Exploit, Is on the Move (Coindesk)
- Peckshield Sounds Alarm on Honeypot Posing as Terra Fork (Decrypt)
- TRM Labs unveils community-driven scam reporting platform (TB | Cointelegraph)
- Beware: Microsoft detects a sharp spike in info-stealing malware attacking crypto wallets (Finbold)
PODCASTS
- The Scoop: Wintermute's CEO on why Terra's blow up was inevitable, and what happens next
- Bitcoin Fundamentals: BTC078: Bitcoin Mastermind Discussion w/ Joe Carlasare, Jay Gould, & Jeff Ross
- The Pomp Podcast: #967 Dylan LeClair On Bitcoin’s Health After Last Weeks Crash
- Stephan Livera Podcast: SLP379 Gigi - Dealing with Linguistic Attacks on Bitcoin
- The Breakdown: New Data Shows Underground Bitcoin Mining Thriving in China
- Decrypt Daily: May 17: S. Korea’s National Assembly Wants to Have a Chat w/ Do Kwon
- Crypto 101: Ep. 438 - The Cryptography Roots of Crypto, With the Legendary David Chaum of xx network
