“There is no influence like the influence of habit.”
-Gilbert Parker
Happy Saturday Folks! What a week huh? Terra Terror definitely ruled the news cycle as a lot of focus will be on what happens next. Governing bodies across the globe continue to grapple with taxes, stablecoin threat to the economy, and the use of Crypto in purchases. Exchanges and Banks continue to open up onramps for Fiat into Crypto, however this Crypto winter is putting pressure and causing some to scale back. The world of Web3 continues to expand especially NFTs; tools, trials, and the power it provides disenfranchised communities. Dive into the news and see what you uncover.
TERRA TERROR
- Terraform Labs CEO Proposes ‘Terra Ecosystem Revival Plan 2’ (Cryptoglobe | EWN | TB | Decrypt | Cointelegraph | TB | Finbold | ZyCrypto | BIC | UToday)
- LFG Sells over 80K BTC (ZyCrypto | Finbold | CryptoPotato | Cointelegraph | EWN | TB | Decrypt | Trustnodes | Coindesk | BIC)
- CZ: Terra fork won't work, according to Binance CEO (TB | Cryptoglobe | EWN | Cointelegraph | CryptoPotato)
- Binance CEO CZ & Vitalik Buterin Breaks Silence on Terra (TDH | Decrypt | BIC | Bitcoinist)
- Sam Bankman-Fried: Crypto Billionaire Says Terra Wasn’t as Bad as Theranos (UToday | BIC | TDH | Bitcoinist)
- Terraform Labs’ legal team resigns after UST collapse (TB | Cointelegraph | Bitcoinist | ZyCrypto)
- Billionaire Investor Mike Novogratz on Rise and Fall of the Terra ($LUNA) Ecosystem (Cryptoglobe | EWN | ZyCrypto | TDH)
- South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion (Cointelegraph | BIC | Bitcoinist | CryptoPotato)
- South Korean politician calls for Do Kwon to attend hearing on TerraUSD's collapse (TB | Cointelegraph | CryptoPotato)
- Do Kwon Legal Issues(TB | CryptoPotato | TB)
LEGISLATION/REGULATION/TAXATION
- Portugal considering capital gains tax for cryptocurrency (TB | Blockworks | Decrypt | CryptoPotato | Cointelegraph | Bitcoinist)
- RBI officials issue warning on economy ‘dollarisation’ threat by cryptocurrencies (Finbold | BIC | Cointelegraph)
- U.K. Treasury to Push Forward With Stablecoin Regulation (BIC | Cointelegraph | Finbold)
- Nigeria Issues Crypto Asset Rules In A Move That Could Boost Adoption (Forbes | TB | BIC)
- Dutch Finance Official Wants to Ban Retail Investors From Trading Crypto Derivatives (Coindesk | BIC | Cointelegraph)
- Ben Bernanke: Former Fed Chair slams Bitcoin will not ‘take over as alternate form of money’ (Finbold | ZyCrypto | TDH | Cryptoglobe)
- Panama’s Crypto Bill Faces Setback as President Calls for Stricter AML Controls (CryptoPotato | BIC | TB)
- In Light of UST and LUNA Crash: G7 Countries to Discuss Crypto Regulations (Report) (CryptoPotato | Cointelegraph | Finbold)
EXCHANGES/BANKS
- Coinbase slows hiring to help weather market downturn (TB | UToday | EWN | Coindesk | CryptoPotato)
- FTX US launching zero-commission stock trading (TB | Cointelegraph | CryptoPotato | Blockworks | BIC)
- Japan’s largest investment bank Nomura to launch crypto arm, FT reports (TB | Cointelegraph | CryptoPotato | Finbold)
- Crypto Investment Now Offered to Rich Clients by One of Oldest Swiss Banking Corporations Julius Baer (UToday | BM | Cointelgraph | Cryptoglobe)
- Coinbase launches new crypto think tank to help shape policies (Cointelegraph | CryptoPotato | BIC)
- Binance Is Actively Applying for Licenses in Germany (UToday | TB | EWN)
- BitMEX launches spot market in hopes of revival (TB | Cointelegraph | BM)
WEB3
- Fireblocks pushes into NFT custody and web3 developer tools (TB | Cointelegraph | Forbes | Coindesk)
- Spotify starts trialing NFTs on its platform, Music Ally reports (TB | Cointelegraph | Blockworks)
- Mark Zuckerberg’s Meta Files 5 Trademark Applications For Possible Crypto Exchange – Meta Pay (EWN | TB | BIC)
- Pussy Riot Founder’s UnicornDAO To Make Space for Women, LGBTQ+ NFT Artists (Blockworks | Decrypt | Bitcoinist)
CRYPTO MARKET
- North Korean IT workers are getting tech and crypto jobs online, US agencies warn (TB | Cointelegraph | BIC)
- Miami and New York City coins tank despite Mayoral endorsements (Cointelegraph | BIC | Cryptoglobe)
- A16z Addresses Downturn in Inaugural State of Crypto Report (Coindesk | UToday | BIC)
- Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K (Cointelegraph | Finbold | BIC)
BLOCKCHAINS
- Ethereum Merge Coming in August 'If Everything Goes to Plan': Core Dev (Decrypt | Cointelegraph | UToday | CryptoPotato | TDH | Bitcoinist | Cryptoglobe)
- ‘Huge testing milestone’ for Ethereum: Ropsten testnet Merge set for June 8 (Cointelegraph | BIC | UToday | NewsBTC)
- Aave's backbone for decentralized social media, Lens Protocol, goes live on Polygon (TB | Cointelegraph | Blockworks | Decrypt)
ADOPTION
- Bitcoin Conference in El Salvador Attracts Representatives From 44 Countries (BIC | ZyCrypto | Bitcoinist | Trustnodes | CryptoPotato | Cointelegraph | Bitcoinist)
- Luxury watchmaker Tag Heuer starts accepting crypto for online purchases (Finbold | BM | UToday | TB | Bitcoinist | CryptoPotato | Cryptoglobe)
- FTX CEO sees no future in Bitcoin payments, community fires back (Cointelegraph | UToday | BIC | Cryptoglobe)
MINING
- China returns as 2nd top Bitcoin mining hub despite the crypto ban (Cointelegraph | TB | Finbold | Coindesk | Decrypt | BIC | Cryptoglobe | EWN)
- Celsius announces plans for an IPO of its bitcoin mining subsidiary (TB | Cointelegraph | BIC)
FOLLOW DAT MONEY
- Goldman Sachs co-leads $70 million raise by Alan Howard’s Elwood Technologies (TB | Bitcoinist | Blockworks | CryptoPotato)
- a16z launches $600 million fund to invest in gaming industry (TB | Decrypt | CryptoPotato)
- Ripple Invests $100 Million into Combating Climate Change (UToday | Bitcoinist | TDH)
ALTCOINS
- Cardano whale transactions hit a 4-month high as large players buy the dip (Finbold | UToday | ZyCrypto)
STABLECOINS
- Tether Displays $82 Billion Reserves to Silence Haters (UToday | Finbold | TB | CryptoPotato)
- SWIFT, Capgemini team up to test using the international network for CBDC transfers (Cointelegraph | BIC | CryptoPotato | Bitcoinist)
ETFs
- Bitcoin investment giant Grayscale debuts ETF in Europe (Cointelegraph | UToday | TB | CryptoPotato | BIC)
ACQUISITION
- Nansen acquires DeFi investment tracker Ape Board for undisclosed eight-figure sum (TB | Blockworks | Cointelegraph)
THE BAD
- Axie Infinity's Discord bot compromised, hackers issue fake minting message (Cointelegraph | NewsBTC | EWN)
