“Be brave when you are scared, and humble when you are victorious.”
-Unknown

--NO TAX ON CRYPTO PROFITS!--

Happy Monday Folks! There is light at the end of the tunnel as Bitcoin reclaims $30K. We are not out of the woods but this is a good start. I will be more bullish once we cross $38K because that is the next level of heavy resistance on the weekly charts. Meanwhile, Beeple Twitter account got hacked, Gamestop launches a self-custody wallet, Lagarde still doesn't get Bitcoin, and regulatory peace is being called for. Today's podcast are LIT so LISTEN to them. 

BIG STORIES TO WATCH

• Just in: Federal Reserve reveals 12% of U.S. adults own crypto (Finbold | TB | Blockworks | Cointelegraph)
• BTC Reclaims $30,000 (ZyCrypto | NewsBTC | CryptoPotato | Finbold | Decrypt | EWN | Bitcoinist)
• BEEPLE Twitter account hacked to share Louis Vuitton phishing link (TB | Decrypt | Cointelegraph | Bitcoinist | BIC)
• Scam Alert: Don't Click on "Biggest Airdrop" Website by OpenSea Impostors (UToday)
• Ripple Lawsuit Sees ‘Big Motion’ As Attorney Requests To Represent 67,000 XRP Holders: Crypto Legal Expert (TDH)
• GameStop launches self-custodial crypto wallet (TB | EWN | UToday | Cointelegraph | Blockworks | BIC)
• eBay Launches ‘Genesis’ NFT Collection Amid Declining Market Interest (Blockworks | TB | Decrypt | Cointelegraph | CryptoPotato)
• Balenciaga Is Now Accepting BTC and ETH Payments (UToday | Bitcoinist | BIC)
• Litecoin Could Be Delisted from Large Cryptocurrency Exchanges Because of This Update (UToday | TB | Cointelegraph | BIC)
• So Long TerraUSD ($UST), Hello Ethereum-Powered Iced Tea Backed Stablecoin ‘USDTea’ (Cryptoglobe | Finbold | BIC | Bitcoinist)
• Insider Trading is Rife in Crypto, Says New Report (BIC | EWN | CryptoPotato)
• CFTC charges two men with $44 million cryptocurrency ‘Ponzi scheme’ (TB | BIC | TDH)
• IMF provides ‘technical assistance’ to El Salvador in compiling Bitcoin usage stats (Finbold)
• Legendary Hall of Famer Magic Johnson to Release NFTs in Partnership with NBA Top Shot (EWN | Decrypt | Bitcoinist)
• Christine Lagarde: ECB says while crypto has no worth, she would back digital euro: Politico (TB | Finbold | Bitcoinist | EWN)
• Scott Minerd: Guggenheim CIO: Bitcoin Price Could Fall to $8,000 (Cryptoglobe | ZyCrypto | UToday | TDH | BIC | Cointelegraph)
• Christine Lagarde’s Son Is a Crypto Investor Despite Her Anti-Bitcoin Stance (CryptoPotato)
• Ashish Singhal: India crypto app CoinSwitch chief calls for regulatory 'peace, certainty,' Reuters says (TB | Decrypt | CryptoPotato)
• Bitcoin (BTC) Closes Eighth Successive Bearish Weekly Candle for the First Time in History (BIC | Cointelegraph | UToday)
• Congress launches ethics investigation into Rep. Madison Cawthorn's crypto activities (TB | BIC | Blockworks | Coindesk)
• Korean police seek freeze on Luna Foundation Guard assets: KBS (TB | Cointelegraph | ZyCrypto)

CRYPTO MARKET

• Crypto Execs at Coinbase, MicroStrategy and Marathon Buy the Dip (Blockworks)
• WisdomTree Seeks To Spur Finance’s ‘Internet Moment’ (Blockworks)
• Crypto inheritance: Are HODLers doomed to rely on centralized options? (Cointelegraph)
• Crypto Market Forecast: Week of May 23rd 2022 (BNC)
• Bitcoin Pizza Day (Cointelegraph | UTB | CryptoPotato | BM | Cryptoglobe)
• BBC News: Gen Z Is ‘Hooked’ on Cryptocurrency and NFTs (Cryptoglobe)
• Arweave Attracts More Chinese Content Creators in Fight Against Censorship (BIC)
• Bitcoin Pizza Day: Celebrating The $300-Million Pizza Order – And Other Fun Facts (Bitcoinist)
• To Avoid Falling For Scams, Novice Crypto Traders Should Treat Most Tokens Like Stocks (Forbes)
• Wormhole Awards $10M to White-Hat Hacker in Bounty Program (BIC)
• Celebrities promoting crypto go silent as the market turns bearish (Finbold)
• Waning institutional demand is forcing high-yield crypto accounts to slash rates (TB)
• ‘Crypto Bros’ Are Moving to ‘Silicon Bali’ (Cryptoglobe)

7 SURPRISING FACTS ABOUT BITCOIN PIZZA DAY

BITCOIN

• Bitcoin’s current setup creates an interesting risk-reward situation for bulls (Cointelegraph)
• Is Bitcoin (BTC) a Currency? Sweden’s Central Bank Weighs In on the Largest Crypto Asset (TDH)
• Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week (Cointelegraph)
• Bitcoin price coma greets Wall Street open amid signs market ‘calling for rally’ (Cointelegraph)
• Jack Dorsey’s Block Doubles Down On Bitcoin (ZyCrypto)
• Hammer Time: The Bullish Signal That Could Save Bitcoin (NewsBTC)
• Here’s when Bitcoin could reach $500,000 per coin (Finbold)

BITCOIN BACK BELOW $30,000 AFTER A RECORD 8 WEEKS IN THE RED

WEF 2022

• Most DeFi protocols aren’t really decentralized, says European Parliament VP (Cointelegraph)
• Bankers at WEF see the need for caution and speed on central bank digital currencies (Cointelegraph)
• Terra were offering unsustainable yields; DeFi can support financial inclusion (Cointelegraph)
• Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire (Cointelegraph)
• Latest updates from the Cointelegraph Davos team (Cointelegraph)
• Ripple CEO reveals he visited SEC several times before lawsuit struck (Cointelegraph)
• PayPal looks to embrace all possible crypto and blockchain services (Cointelegraph)
• Serious people to stay in crypto despite market setbacks, says CCI CEO Sheila Warren (Cointelegraph)
• World Economic Forum is taken over by crypto firms promoting rapid adoption (Finbold)

TERRA TERROR

• U.S. Senator Pat Toomey Says Terra Investors May Be Victims of Fraud (UToday)
• Why Are People Burning Their LUNA? (Blockworks | ZyCrypto)
• Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it (Cointelegraph | Bitcoinist | ZyCrypto | Cryptoglobe)
• Terra Gains LUNA Recovery (ZyCrypto | Finbold | NewsBTC)
• The Terra (LUNA) Collapse: 4 Lessons To Be Learned (Opinion) (CryptoPotato)
• Do Kwon Isn’t Done Yet (Decrypt)
• Terra Crashed Spectacularly. Here's How It Launched. (Decrypt)
• Can a Terra ‘Rebirth’ Save Investors? (Blockworks)
• Terra Under Heat After Amending Proposal Mid-Vote (CryptoPotato)
• Terra (LUNA) Network Dropped by Coinbase Cloud Service (UToday)
• Did Do Kwon Know The LUNA and UST Crash Was Coming? — Legal Documents Reveal New Findings (ZyCrypto)
• Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO (BIC | TDH)
• Terraform Labs has no tax liabilities in Korea, Do Kwon says (TB | CryptoPotato)
• Brazilian Crypto Exchange of Nox Bitcoin Set to Refund All UST Holders’ Losses with USDT (EWN | BIC)
• CZ: Binance CEO Shares Lessons From The Crash Of LUNA, UST Coin (Bitcoinist | UToday)
• Terra’s meltdown highlights benefits of CEX risk-management systems (Cointelegraph)
• This Week on Crypto Twitter: Terra Conspiracy Theories Swirl as All Eyes Turn to Do Kwon (Decrypt)
• Hedge Fund Billionaire Bill Ackman: Terra Was ‘Crypto Version of a Pyramid Scheme’ (Cryptoglobe)
• Citadel Capital CEO Ken Griffin Says Terra (LUNA) ‘Fiasco’ Should Be a Wake-Up Call for Regulators (TDH)
• DAI Emerges Strong Despite Terra’s Downfall (Bitcoinist)
• Mike McGlone: Bloomberg Strategist - $UST’s Collapse Is Something We Were ‘Expecting’ (Cryptoglobe)
• Sam Bankman-Fried: FTX CEO: TerraUSD’s Collapse Is A Case of ‘Mass Enthusiasm’ Rather Than Deceit (Cryptoglobe)

ALTCOINS

• Top 5 cryptocurrencies to watch this week: BTC, BNB, XMR, ETC, MANA (Cointelegraph)
• Ripple (XRP) Plunges To $0.43 With Bears In Full Swing (NewsBTC)
• "Where Did the ADA Go?" Cardano's Founder Reacts to User's Allegation of Loss Worth Over 7,000 Euros (UToday)
• Shiba Inu Rises 10% as Price Rebounds from Key Support (UToday)
• Half Billion SHIB Burnt by Shiba Community: Report (UToday | UToday)
  
• Dogecoin Sees Buying Power from Whales as Price Awaits Next Move (UToday)
• DOGE Returns As Top Purchased Coin by BNB Whales (UToday)
• Avalanche nears key breakdown level that could sink AVAX price by another 65% (Cointelegraph)
• Monero enters 'overbought' danger zone after XMR price gains 75% in two weeks (Cointelegraph)
• Fantom Rallies 12% Amid Speculation of Andre Cronje Returning to DeFi (Decrypt)

STABLECOINS

• IMF, Bank of France officials believe more CBCDs will emerge in next three to five years (TB)
• Top Stablecoins Shed $7B In May As Traders Redeem Tokens En Masse (Blockworks)
• Why Maker's DAI Is Surviving Even After Collapse of Terra's Decentralized Stablecoin (Decrypt)
• Do you have the right to redeem your stablecoin? (Cointelegraph)
• fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher (Cointelegraph)

ANALYST'S CORNER

Bullish

• NIcholas Merten: Bitcoin (BTC) Is About To Do the Unexpected as One Historically Accurate Indicator Pops: Analyst Nicholas Merten (TDH)
• Kaleo: Top Analyst Predicts Relief Rallies in Bitcoin (BTC), Ethereum (ETH) and $BNB (TDH)
• Jurrien Timmer: Fidelity Exec Examines His Favorite Metrics To See if $BTC Is ‘Attractively Valued’ (Cryptoglobe)
• Rager: Here’s When Bitcoin (BTC) Could Carve a Bottom Based on Historical Data, According to Crypto Analyst (TDH)
• Su Zhu: Crypto Hedge Fund CEO Su Zhu Lists Three Potential Catalysts for Next Bitcoin (BTC) Rally (TDH)
  
• Jack McDonald: Bitcoin, Ether, Cardano, Solana Bull Rally In Second Half Of 2022 Is ‘Unquestionable’, Says Crypto Exec (ZyCrypto)
• Michaël van de Poppe: Crypto Analyst Predicts Breakout for Polygon (MATIC), Says Zilliqa (ZIL) and $XCAD Flashing Strength (TDH)
• Credible: Popular Crypto Trader Remains Optimistic About One DeFi Altcoin ($CRV) As Bitcoin (BTC) Pulls the Market Down (TDH)
• Credible: Massive Bitcoin (BTC) Rally Much Closer Than Traders Expect, Says Top Crypto Analyst – Here’s Why (TDH)
• Cantering Clark: Analyst Says ‘Textbook’ Setup Forming for One Ethereum Rival ($NEAR), Predicts Point of Maximum Opportunity for Bitcoin (TDH)
• Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price? (Cointelegraph)
• Guy: Coin Bureau Says Kava and One ‘Seriously Impressive’ Altcoin Remain in Long Term Uptrends Despite Correction (TDH)
• The Moon: ‘Created’ his lavish reality… and says you can, too (Cointelegraph)

Bearish

• Ki Young Ju: One Metric Indicates Bitcoin (BTC) Could Crash by Over 50% As Macro Environment Worsens, Says CryptoQuant CEO (TDH)
• Bobby Ong: CoinGecko Co-Founder Predicts More Bearish Price Action for Crypto, Says Next 12–18 Months Could Be ‘Challenging’ (TDH)
• Lyn Alden: Investment Strategist Calls Mid-$20,000 $BTC ‘Super Deep Value’ (Cryptoglobe)
• Michaël van de Poppe: Here’s What’s Next for Bitcoin and $FTM (TDH)
• CoinShares: Crypto-Based Investment Products Witness Record-Breaking Outflow (UToday)

NOTABLE VOICES

• Andrew Bailey: Bank of England Governor Claims Bitcoin Will Fail as Payment Method (UToday)
  
• Michael Saylor: Believes ‘This Entire Crypto Crash Is Going to Be Great for Bitcoin’ (Cryptoglobe)
• David Solomon: Goldman CEO Is ‘A Real Bull on the Digital Disruption of Financial Infrastructure’ (Cryptoglobe)
• Kavita Gupta: Crypto winter is here and might last over a year, says blockchain fund founder (Finbold)
• Robert Kiyosaki: Rich Dad Poor Dad Author Warns Bitcoin (BTC) Could Test New Epic Lows (TDH)
• Vitalik Buterin: I’m Not a Billionaire Anymore (UToday | Bitcoinist)
• Vitalik Buterin: Explains What to Expect After The Merge This Summer Ahead of PoS Upgrade (BIC)
• CZ: Recommends Diversifying Investments Even Though He's 'All in' Crypto and Bitcoin (Decrypt)
• Martin Shkreli: Pharma Bro says 'I Started Using Uniswap in Prison' (Decrypt | BIC | Bitcoinist)
• Charles Hoskinson: IOHK Announces Next Cardano Project Catalyst to Begin in June: Details (UToday)
• Robert Kiyosaki: “Rich Dad” R. Kiyosaki stresses save Bitcoin, gold, and guns as a global disaster is unfolding (Finbold)
• Pharrell Williams: Web3 is ‘Scaring the System’ (Decrypt)

WHY SERVICE MEMBERS SHOULD BUY BITCOIN

ACCEPTANCE/ADOPTION

• Canadian Search and Rescue Organization Starts Accepting Bitcoin ($BTC) and Ethereum ($ETH) Donations (Cryptoglobe)
• Restaurant software giant Lavu enables crypto payments in more than 65 countries (Finbold)
• Layer-2 adoption could spur the next crypto turning point (Cointelegraph)

ONE OF THE LARGEST REAL ESTATE DEVELOPERS IN BRAZIL NOW ACCEPTS BITCOIN

ACQUISITIONS/PARTNERSHIPS

• Filecoin Foundation and Lockheed Martin partner to bring decentralized storage to space (TB)
• FTX Reportedly Seeks Acquisitions in Brokerage Space (Blockworks)

CEFI/DEFI

• DeFi Evangelists Still Bullish, Despite Terra Meltdown (BIC)
• Lido (LDO) Crashes $11 Billion in Total Value Locked (TVL) (BIC | NewsBTC)
• What is total value locked (TVL) in crypto and why does it matter? (Cointelegraph)
• Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M (BIC)

WEB3

• Alexis Ren Enters NFT World With Sirens, A Women-Led Project Aimed Towards Mental Wellness And Eco-Villages (Forbes)
• Bear Markets Are for Building the Metaverse (Decrypt)
• Genomics company explores NFTs in hopes of advancing precision medicine (Cointelegraph)
• Permissionless Web3 and NFT Trends, Takeaways (Blockworks)
• We're Ready for the Metaverse but the Technology Is Not. Here's Why. (Decrypt)
• What’s a Web3 Project Really Worth? Here’s How to Tell. (Decrypt)
• NFTs: Empowering artists and charities to embrace the digital movement (Cointelegraph)
• Web3, NFTs, Metaverse: The tools for a truly decentralized future (Cointelegraph)
• Why is Ethereum used for NFTs? (Cointelegraph)
• Avalanche to Host Novel NFT Marketplace Artcrypted: Here's Why It Is Special (UToday)
• OpenSea Launches NFT Marketplace ‘Seaport,’ Will Allow Users to Specify NFT Criteria (BIC | CryptoPotato)
• Crypto gaming and the monkey run: How we should build the future of GameFi (Cointelegraph)
• Blockchain, crypto set to take sports industry beyond NFT collectibles (Cointelegraph)
• Think Sports Will Back Away From Crypto and NFTs Because of the Crash? Think Again. (Decrypt)
• How to incorporate a DAO and issue tokens to be ready to raise money from VCs (Cointelegraph)
• a16z Reiterates Bullish Thesis on Web3, Compares it to the Internet’s Early Days (CryptoPotato)

CEFI/DEFI

• Stake or DApp? With liquid staking, you don’t have to choose (Cointelegraph)
  

ETFs

• Morgan Stanley, BlockFi Execs Disagree on Spot Bitcoin ETFs (Blockworks)

BLOCKCHAINS

• Number of Ethereum addresses in a loss hit a 2-year high (Finbold)
• Interest in Ethereum Name Service reaching ‘critical mass’ (Cointelegraph | BIC) 
• Near Protocol picks up slack, onboards Tracer following Terra’s downfall (Cointelegraph)
• Surveillance Concerns as China’s State Blockchain Firm Plans International Expansion (BIC)
• French Banking Giant BNP Paribas Joins JPMorgan’s Onyx Blockchain (Blockworks)
• ApeCoin Migration Draws Closer As Avalance And FLOW Jostle For Chance To Host The Project (ZyCrypto)

EXCHANGES/WALLETS

• Crypto.com Steps Up To Boost Security And Privacy Studies Via Donations (Bitcoinist)

COINBASE LEADS USERS ASTRAY BY RECOMMENDING EVERYTHING BESIDES BITCOIN

MINING

• Bitcoin mining stock report: Monday, May 23 (TB)
• Computer scientists unveil rapid energy-efficient Bitcoin mining algorithms (Finbold)
• Bitcoin Mining Farm – A Psychiatric Clinic – Uncovered In Moscow’s Oldest Prison (Bitcoinist)
• Norwegian Parliament Votes Down Proposal to Ban Bitcoin Mining (Cryptoglobe)

LEGISLATION/REGULATION/TAXATION

• Financial Freedom Act 2022 (TDH | BIC)
• Expanding SEC’s Crypto Assets and Cyber Unit Is Essential, but There Are Potential Risks (TDH)
• Crypto regulation high on the agenda for Australia’s new Prime Minister (Finbold)
• Cyprus Drafts Regulatory Framework For Cryptocurrencies (Bitcoinist)
• FCA Chairman Warns Against Rushed Regulation Following Plans to Make U.K. ‘Crypto Hub’ (BIC | TB)
• South Korean Regulators Introduce New Frameworks To Protect Cryptocurrency Investors (Bitcoinist)

FOLLOW DAT MONEY

• Y Combinator joins $6.2 million seed round for crypto savings app Pebble (TB)
• Protego Trust Bank targets $2 billion valuation after quietly raising $70 million (TB)
• FTX’s Bankman-Fried donates (TB | BIC)
• Venture funding for African crypto startups grew 11x in 2022: Report (Cointelegraph)

THE BAD

• Needed: A massive education project to fight hacks and scams (Cointelegraph)
• Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap (Cointelegraph)

PODCASTS

• What Bitcoin Did: The Bitcoin Awakening with John Vallis
• The Wolf of All Streets: Jeff Booth: Buying Bitcoin Is Not Enough
• On The Brink: Ric Edelman on The Truth About Crypto
• The Breakdown: Could Local Digital Currencies Improve Communities?
• The Crypto Conversation: The Minke App - Wave hello to better savings
• Bankless: Dive into Danksharding | Vitalik, Dankrad, Protolambda, Moderated by Tim Beiko
• Decrypt Daily: May 20: Week in Review