“Being positive is a sign of intelligence.”
-Maxime Lagace
Guess what day it is? Humpday! Folks, we are halfway through the week and Bitcoin remains STUCK! Don't worry tho because this is when the building is being done. Don't believe me? Check out the very first big story - $4.5B yes that's a B fund for Crypto and Blockchain startups. In addition, MasterCard remains bullish about Crypto Mass Adoption. The money continues to flow fast and furious check the Follow Dat Money section below. It's boring but boring is good in Cryptoland. Take time to listen to the Podcast below as well.
BIG STORIES TO WATCH
- JPMorgan says Bitcoin and crypto is now its preferred ‘alternative asset class’ (Finbold | Forbes | Cointelegraph | Blockworks | Cryptoglobe | TDH)
- a16z announces $4.5 billion fund for crypto and blockchain startups (TB | CryptoPotato | Coindesk | Blockworks | Finbold | BIC | Cryptoglobe)
- Do Kwon's plan to rebirth the Terra blockchain gets approved (TB | BIC | EWN | Coindesk | Decrypt | Finbold | ZyCrypto | Bitcoinist | Blockworks)
- MasterCard Executive Remains Bullish on Crypto Mass Adoption (BIC | Bitcoinist | UToday | CryptoPotato)
- Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback (Cointelegraph | TB | CryptoPotato | BIC | Coindesk | Bitcoinist | TDH)
- Can Seth Green Still Make His NFT Show if His Bored Ape Was Stolen? (Decrypt | TB | Bitconist | Cointelegraph)
- Why Mercado Bitcoin and Stellar Will Explore A Brazilian CBDC (Bitcoinist | Cointelegraph | CryptoPotato | UToday | Cryptoglobe)
- Portugal's Parliament rejects crypto tax proposals amidst budget negotiations (TB | Finbold | Cointelegraph | BIC)
- Deepfake Video of Elon Musk Promoting Crypto Scam Goes Viral (Decrypt | UToday | Cointelegraph | Bitcoinist)
CRYPTO MARKET
- VC funding to help crypto avoid a long winter post-Terra's collapse: JP Morgan (TB)
- At CFTC panel, CME exec slams FTX proposal by drawing comparison to Terra's collapse (TB | Cointelegraph)
- Battling the Bears – Why the Crypto Market Has Crashed and When a Recovery Can Be Expected (TDH)
- Attorney Jeremy Hogan Says Ripple Lawsuit Reaching ‘Endgame’ – Here’s Why (TDH)
- CryptoSat’s first nanosatellite blasts off Wednesday on SpaceX rocket (Cointelegraph)
BITCOIN IS A NEW WORLD COUNTRY
WEF 2022
- Developing countries love the Metaverse, rich nations not keen: WEF survey (Cointelegraph)
- More Than Two-thirds Bullish on Metaverse, Per Davos Host Survey (Blockworks)
- Latest updates from the Cointelegraph Davos team (Cointelegraph)
- Cardano Creator Thanks Davos 2022 for ‘Being a Walking Cryptocurrency and Blockchain Advertisement’ (Cryptoglobe)
- Satoshi Nakamoto could be a woman, says Meta VP Nicola Mendelsohn (Cointelegraph)
- NFT custody is ‘the missing piece’ for mainstream adoption, says Veritic CEO (Cointelegraph)
TERRA SAGA
- Bitcoin On-Chain Activity Throttled After LUNA Collapse (NewsBTC)
- Luna Crash Highlights Crypto Market’s Vulnerabilities, Astra Protocol to the Rescue (Bitcoinist)
- Dogecoin Co-Founder Expects Luna 2.0 to Attract "Dumb" Crypto Gamblers (UToday)
- US Senator Pat Toomey Says Terra (LUNA) Investors May Have Been Defrauded: Report (TDH)
- Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote (Cointelegraph)
- Do Kwon contacts five South Korean crypto exchanges to relist LUNA 2.0; Here’s what we know (Finbold | UToday)
- Exchanges show initial support to Terra revival by listing new LUNA token (Cointelegraph)
- Lido Finance refuses to support Terra's new blockchain (TB | Coindesk)
- Risk-Aversive Bets Reigned Amid Terra’s Notorious Plunge (Report) (CryptoPotato)
- OCC's Hsu reiterates "careful and cautious" approach after Terra collapse (TB)
- At Finance Forward, fintech couldn’t avoid talking about Terra (TB)
- Global interest in ‘LUNA 2.0’ on Google skyrockets led by Finland, Spain (Finbold)
BITCOIN
- ‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal (Cointelegraph)
- Bitcoin Consolidation Uninspiring, But Run To Near $33k On The Cards (NewsBTC)
- By The Numbers: The ROI On Buying The Blood In Bitcoin (Bitcoinist)
- Bitcoin creeps toward $30K, but data shows bears in favor for Friday’s $1.8B BTC options expiry (Cointelegraph)
- Bitcoin Sets Record Streak For Bloodliest Weekly Trend yet (NewsBTC)
- Bitcoin Trading Volume Plummets Down From Recent Top (NewsBTC)
- Bitcoin 'finally' due for $32.8K as long-term BTC price metric flashes overvalued (Cointelegraph)
- Bitcoin price bottom signals flash as 'fear and greed' index matches March 2020 lows (Cointelegraph)
- Bitcoin Dormant at $30K While Ethereum Classic (ETC) Pumps 10%: Market Watch (CryptoPotato)
- Bitcoin is forming its 9th straight weekly red candle; Is a reversal imminent? (Finbold)
- As Markets Crash And Luna Evaporates, Bitcoin Could Slide As Low As $15,000—Here’s Why It’s Not Time To Panic (Forbes)
ALTCOINS
- Price analysis 5/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB (Cointelegraph)
- Blockchain-Friendly Georgia Welcomes Ripple — Large-Scale XRP Adoption Could Be Imminent (ZyCrypto)
- TA: Ethereum Forms Bullish Pattern But This Level Is Crucial (NewsBTC)
- What Impact Will a Bear-Market Merge Have on Ethereum? (Coindesk)
- Institutional Investors Bet on Cardano ($ADA), Polkadot ($DOT) Amid Crypto Market Downturn (Cryptoglobe | NewsBTC)
- Here’s Why Cardano’s Price And TVL Have Been Surging Lately (Bitcoinist)
- Shiba Inu ($SHIB) Becomes Ethereum Whales’ Biggest Token Holding After Flipping FTX’s $FTT (Cryptoglobe)
- Shiba Inu to $0.001: Price Prints Important Signal Near Key Support (UToday)
- $SHIB: Lead Shiba Inu Developer Drops Clue on Announcement That Will ‘Floor Everyone’ (Cryptoglobe)
- Shiba Inu Dislodges FTX In Average Quantity Held, WhaleStats Report Shows (Bitcoinist | UToday)
- Large Ethereum Whales Accumulating Chainlink, Serum and Two Decentralized Finance Altcoins: On-Chain Data (TDH)
- StepN Explodes In Popularity, Native Token GMT Soars To $860 Million Market Cap (Bitcoinist)
- Up 80% in 24 Hours: What Is Behind Tranchess' (CHESS) Recent Spike? (UToday)
- Move-to-Earn Altcoin Explodes 146% in Seven Days As Bitcoin and Crypto Markets Move Sideways (TDH)
CBDCs/STABLECOINS
- US Treasury Official: Stablecoin UST’s Collapse “Wake Up Call’ For Crypto (Blockworks)
- Mastercard CEO Teases CBDC Panel: SWIFT May Not Exist in 5 Years (Coindesk | Cointelegraph)
- Cryptopedia: Learn the concepts behind stablecoins and how they work (Cointelegraph)
- Untethered: Top Stablecoin USDT Dominance Begins To Decline (Bitcoinst)
- Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund (Cointelegraph)
CEFI/DEFI
- Uniswap breaks $1T in volume — but has only been used by 3.9M addresses (Cointelegraph | CryptoPotato)
- MakerDAO Back on Top Despite Dropping $8 Billion in Total Value Locked (TVL) (BIC)
ANALYST'S CORNER
- Altcoin Sherpa: Crypto Analyst Predicts for Rallies for Binance Coin (BNB), Solana (SOL) and $FTM (TDH)
- Capo: Top Analyst Predicts Huge Move for THORChain (RUNE), Says Extreme Volatility Approaching for Altcoin Market (TDH)
- Light: Top Trader Says One Under-the-Radar Altcoin Set To Emerge As Winner of Terra (LUNA) Collapse (TDH)
- Delphi: LUNA/UST Disaster ‘Most Catastrophic Event’ in Crypto Since Mt. Gox (BIC)
- Pentoshi: Top Crypto Analyst Predicts Rallies for Bitcoin (BTC) and Ethereum (ETH) – But There’s a Big Catch (TDH)
- Lyn Alden: Macro Expert Says Most Altcoin Projects Built on Unsustainable Business Models (TDH)
NOTABLE VOICES
- OCC Chief Hsu: Crypto Industry Has Unhealthy ‘Dependency on Hype’ (Coindesk)
- Kevin Roberts: Heritage Foundation President: Bitcoin can protect Americans as ‘it cannot be created out of nothing’ (Finbold)
- Jeremy Allaire: Circle CEO Urged Watchdogs to Accept That People Want Digital Cash (CryptoPotato)
- Brad Garlinghouse: Ripple CEO Says That Transparency Is “Critical” in Crypto Industry (UToday | Cryptoglobe | UToday | Cryptoglobe)
- Alan Howard: Hedge fund manager explains why he’s investing across the entire crypto ecosystem (TB)
PEOPLE ON THE MOVE
- Google seeks fresh talent to lead global Web3 team (Cointelegraph)
ACCEPTANCE/ADOPTION
- Binance signs MOU with Kazakhstan to further crypto adoption and regulation (Cointelegraph)
- Stripe to Offer Bitcoin Payments Through OpenNode Partnership (BIC)
- Hotels Looking to Embrace Growing NFT Market as Additional Booking Method (BIC)
ACQUISITIONS/PARTNERSHIPS
- Associations for Blockchain Technology, Digital Assets Adoption to Merge (Coindesk)
- Binance, FTX, and a16z Backed Game Studio Building NFL’s First NFT-Based Game (Cryptoglobe)
- Amber Group Partners With Chainlink For More Reliable Asset Transaction Pricing (Bitcoinist)
WEB3
- Salvador Dalí Enters The Metaverse With an Immersive Art Exhibition (CryptoPotato)
- Golf equipment brand Callaway forges relationship with NFT club LinksDAO (TB)
- Not Trippin': Solana Overtakes Ethereum in Daily NFT Trading Volume (Decrypt | Bitcoinist)
- CryptoPunks floor price drops below $100,000, down 50% from last month (TB)
- Netflix show Love, Death + Robots unveils NFT scavenger hunt for US watchers (TB | Decrypt)
- AI-based NFT collection by Refik Anadol auctioned for $6.2 million (TB)
- Biggest Virtual Land Sale Hits $5 Million Making Metaverse History (BIC | BNC)
- NFL and Mythical Games to Launch 'Play-and-Own' NFT Game 'NFL Rivals' (Decrypt)
- What is NFT staking and how to earn income from NFTs? (Cointelegraph)
- Web 3 Education Platform Pitches ‘Earn While You Learn’ to Business Executives (Coindesk)
- Vitalik Buterin Presents Future of Ethereum and NFTs: Introducing Soulbound Tokens (UToday)
- NFT owners reminded to be vigilant after 29 Moonbirds were stolen by clicking a bad link (Cointelegraph)
- Multi-D NFTs and Magic: Be[In]Crypto is Official Crypto Media Partner for Kleks Academy (BIC)
- Avalanche proposes the Otherside metaverse should build its own subnet (TB)
ETFs/ETPs
- Latest Crypto Fund Offers Yield on USD Amid Rampant Inflation (Blockworks | Coindesk)
BLOCKCHAINS
- Ethereum Beacon Chain Suffers Longest Blockchain 'Reorg' in Years (Decrypt | Cointelegraph)
- Injective Integrates Wormhole Bridge in Effort to Enhance Cross-Chain Accessibility (Blockworks)
- ERC-721 Transfers Surpassed ERC-20 First Time Since 2019: Here's What It Is (UToday)
- OpenEthereum support ends with the Merge fast approaching (Cointelegraph)
- Cardano Network Has 4 Times More Active Users Than Ethereum in Percentage Terms (UToday)
- Could GameFi and carbon currencies reverse blockchain's climate stigma? (Cointelegraph)
- Blockstream dreams up a whole new type of multisig called ROAST (Cointelegraph)
- Avalanche Looks to Onboard ApeCoin and Proposes "Otherside" Launch on Its Subnet (UToday)
EXCHANGES
- Coinbase Announced International Expansion of Travel Rule Universal Solution Technology (CryptoPotato)
- Stripe And Primer Go Lightning: New Bitcoin Payment Solutions Via OpenNode (Bitcoinist)
- Crypto exchanges signal support for Terra’s ‘rebirth’ (TB)
MINING
- Bitcoin network difficulty dips more than 4%, the most since July 2021 (TB)
- Tax guidelines for crypto mining pass the first reading in Kazakhstan (Cointelegraph)
- Not So Great Wall: How China Failed Miserably To Ban Bitcoin Mining (Bitcoinist)
- Bitcoin mining stock report: Wednesday, May 25 (TB)
THE PERFORMANCE CYCLE OF PUBLIC BITCOIN MINERS
HOW TO SET UP UPTIME MONITORING FOR YOUR HOME BITCOIN MINING SETUP
LEGISLATION/REGULATION/TAXATION
- Turkey Plans a New Bill to Tighten Rules on Crypto (Report) (CryptoPotato)
- Metaverses Should Be Policed, UAE Minister Believes (UToday)
- Solarisbank says it's helping Binance to become regulated in Germany (TB)
- Everyone’s a crypto-native now: How DC learned to stop worrying and love the blockchain (TB)
- SEC Wants to Prevent XRP Holders from Assisting Court (UToday | ZyCrypto)
- Ideas vs. practice: How are regulators working together on crypto? (Cointelegraph)
- Insurance Industry Slowly Looking Into Crypto Policies; Compliance & Regulation Key Issues (BIC)
- Is Russia Going To Legalize Crypto As A Form Of Payment? Court Sets Precedent In New Verdict (Bitcoinist)
- Brazil's Federal Revenue now requires citizens to pay taxes on like-kind crypto trades (Cointelegraph)
FOLLOW DAT MONEY
- MetaKings Raises $15M to Launch Web 3 Strategy Game Blocklords (Coindesk)
- Crypto tax startup ZenLedger raises $15 million led by ParaFi Capital (TB)
- Web game developer Kongregate and Immutable launch $40 million fund for blockchain games (TB)
- Soona Amhaz’s Volt Debuts $50M Crypto Fund Backed by Marc Andreessen, Chris Dixon (Coindesk)
- Babel Finance hits $2 billion valuation in new $80MM funding round (TB | Forbes | Coindesk | Blockworks)
- StarkWare's valuation quadruples to $8 billion in new $100MM funding round (Forbes | TB | Blockworks)
- Singapore venture firm launches $100MM Web3 and metaverse fund (Cointelegraph)
- Standard Crypto raises new $500 million fund: Axios (TB)
- LayerZero Labs seeks backing that would triple its valuation to $3 billion (TB)
THE BAD
- Crypto Investor and Influencer Arrested for Visiting Terra Founder Do Kwon’s Apartment (CryptoPotato)
- Hackers steal 29 Moonbirds valued at $1.5 million in NFT phishing attack (TB)
PODCASTS
- The Breakdown: Oslo Freedom Forum and Why Bitcoin Matters
- What Bitcoin Did: Bitcoin in El Salvador - Part 2 with Nayib Bukele
- Bitcoin Fundamentals: BTC079: The Bitcoin Energy Revolution w/ Shaun Connell (Bitcoin Podcast)
- Stephen Livera Podcast: SLP383 Alex Epstein - Fossil Future and Better Energy Conversations
- The Pomp Podcast: #977 Alex Epstein On Why We Need More Fossil Fuels Not Less
- The Scoop: Policy Scoop with Aislinn Keely: Crypto meets real world concerns in mining policy discussion
