26 May: Positive Regulatory Signs


“Victory is in having done your best. If you've done your best, you've won.”
-Billy Bowerman

--NO TAX ON CRYPTO PROFITS!--

Welcome to Thursday folks! While there are a lot of things going on, there isn't anything that is just screaming big news. That said, the Biden administration continues to send positive regulatory signs for Digital Assets. Mass adoption is happening everyday that Digital Assets are not completely shutdown by regulation. While we are in this boring phase, do not lose sight of the big picture. In a year things will look drastically different and we will look back at this time and say, what if...

BIG STORIES TO WATCH

  • $100 million fund founded by ex-Binance execs comes out of stealth (TB | Cointelegraph | CryptoPotato)
  • Federal Reserve Vice Chair: Stablecoins could be a ‘meaningful’ payments system risk (Finbold | BIC | CryptoPotato | Cointelegraph | TB)
  • Terra governance system passes plan to burn 1.3 billion UST tokens (TB | Cointelegraph | CryptoPotato)
  • SpaceX Rocket Launches First Crypto Satellite Into Space (BIC)
  • Top securities regulator warns inflation may push investors into risky assets like Bitcoin (Finbold)
  • Lack of knowledge about bitcoin is the biggest barrier to usage, finds new study by Block, Inc. (TB)
  • IMF Boss Begs Investors Not To Shun Crypto Despite Market Crash (Bitcoinist)

CRYPTO WATCH

  • Over $110 Million in Crypto Liquidated as BTC and ETH Suffer More Losses (UToday)
  • U.S. dollar index retreats from 20 year highs — But will DXY topping spark a Bitcoin recovery? (Cointelegraph)
  • Ripple v. SEC: Agency Gets More Time to Oppose Amicus Request Permission by XRP Holders (UToday)
  • Ripple to Explore IPO Once $1.3B SEC Lawsuit Is Resolved (BIC)
  • Let’s Dissect McCormack’s “Follow The Money #1” Documentary, Pt. 2- Underbelly (Bitcoinist)
  • How to Choose a Crypto Card? (Bitcoinist)
  • ECB president’s anti-crypto comments trigger community responses (Cointelegraph)

WEF 2022

  • Metaverse should be developed from children’s perspective, says LEGO VP (Cointelegraph)
  • Metaverse Takes Center Stage at Davos as Adoption Questions Loom (Blockworks)

TERRA SAGA

  • Scam LUNA 2.0 Tokens are Already Running Wild (CryptoPotato)
  • Billionaire Mark Cuban Pours Cold Water on Terra 2.0 (UToday)
  • LUNA Eyes Gigantic Comeback As Crypto Exchanges Throw Their Weight Behind “Terra’s Rebirth” (ZyCrypto)
  • Crypto Developers Signal Commitment To Help Terra (LUNA) Rise From The Ashes (ZyCrypto)
  • Terra 2.0: This is What LUNA Holders Need to Know (CryptoPotato)
  • Exchanges back 'Terra 2.0 revival plan' via airdrops, listing, buyback and burning (CointelegraphBIC | EWN)
  • InsurAce says it will pay millions to claimants after Terra's collapse (Cointelegraph)
  • Curve Finance To Conclude CRV Token Emissions From TerraUSD Oriented Pools (Bitcoinist)

BITCOIN

  • Perp Traders Remain Quiet As Bitcoin Struggles To Hold $30,000 (NewsBTC)
  • Bitcoin Transaction Fees Remain Historically Low Despite Recent Spike (Bitcoinist)
  • Bitcoin 'good to go up' after BTC price hits lowest since Terra crash (Cointelegraph)
  • Bitcoin (BTC) Consolidates Near $30,000 in Choppy Trading (BIC)
  • TA: Bitcoin Price Remains In Range, Why The Bulls Need To Take Control (NewsBTC)
  • Bitcoin Dominance at 7-Month High as Altcoins Bleed Out (Market Watch) (CryptoPotato)
  • BTC price breakout due 'relatively soon' as Bitcoin volumes spook traders (Cointelegraph)
  • Over $370M Liquidated in a Day as Bitcoin Price Slumps to $28K (CryptoPotato)

ALTCOINS

  • Ethereum price dips below the $1.8K support as bears prepare for Friday’s $1B options expiry (Cointelegraph)
  • Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first (Cointelegraph)
  • Ethereum's Weekly Time Frame Signals Incoming ETH Price Bounce (UToday)
  • TA: Ethereum Struggles Below $2K, Why Bears Remain In Action (NewsBTC)
  • XRP whales are accumulating as their total supply hits a 2-month high (Finbold)
  • Binance Coin (BNB) and These Two Altcoins Are Flashing Short-Term Bullish Signals: Analytics Firm (TDH)
  • Sandbox (SAND) Surged 10% as Elvis Enters the Metaverse (CryptoPotato)
  • Uniswap, Chainlink Down 8% as DeFi Tokens Slump (Decrypt)
  • Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here's why (Cointelegraph)

CBDCs/STABLECOINS

  • Tether launches new stablecoin pegged to Mexican peso (TB | Cointelegraph)
  • ‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino (Cointelegraph)
  • Why Emerging Markets Are Leading the Charge on CBDCs (Blockworks)
  • Circle Tells Federal Reserve a CBDC 'Could Destabilize' Banking (PYMNTS)

CEFI/DEFI

  • Staking Adoption is Being Hindered by Lock-Up Requirements (BIC)
  • New DeFi Index Targets ‘Proven’ Blue-chip Assets (Blockworks)
  • SushiSwap Trading Volume Sinks More than $8 Billion in Yearly Low (BIC)
  • Compound Plunges More Than $4 Billion in Total Value Locked (TVL) (BIC)

WEB 3

  • By The Numbers: The Booming Web 3.0 Gaming Sector Explored (Bitcoinist)
  • How an Indie Author Is Using Ethereum NFTs to Engage and Inspire Readers (Decrypt)
  • Ethereum Gaming DAOs Yield Guild, Merit Circle in Dispute Over Funding (Decrypt)
  • Decrypt at Cannes: Decentralized Pictures CEO Leo Matchett Talks Hollywood Embracing Crypto (Decrypt)
  • Decrypt at Cannes: 'Calladita' Director Miguel Faus on Funding Films with NFTs (Decrypt)

ETFs

ANALYST'S CORNER

  • Yves Lamoureux: ‘Bitcoin winter’ is ending and next bull run will extend till 2025, predicts Lamoureux president (Finbold)
  • InvestAnswers: Top Crypto Analyst Warns This Metric Signals Nasty Outlook for Bitcoin (BTC) Over the Next Two Months (TDH)
  • Cred: Top Crypto Analyst Warns Bitcoin (BTC) and Ethereum (ETH) Need a ‘Miracle Rally’ To Avoid Diving Lower (TDH)
  • Capo: Analyst Who Accurately Predicted Bitcoin and Crypto Collapse Details Rock Bottom Target Price for BTC (TDH)
  • TheRealPlanC: Crypto Analyst Explains Why Cardano ($ADA) Remains a Top 10 Cryptoasset (Cryptoglobe)

NOTABLE VOICES

  • Brian Armstrong: Coinbase CEO Says Biden Administration Sending Positive Signals on Future of Crypto Industry in the US (TDH)
  • Vitalik Buterin: Says he is No Longer a Billionaire (BIC)
  • Bill Miller: Explains Why Bitcoiners Should Ignore Warren Buffett (UToday)

PEOPLE ON THE MOVE

  • Crypto.com Hires Exec to Further Firm’s Web3 Ambitions (Blockworks)

ACCEPTANCE/ADOPTION

  • SHIB Can Now Be Used to Pay for Flights and Hotels via This New Partnership (UToday)
  • World Bank won’t support Central African Republic’s Sango crypto hub (Cointelegraph | Bitcoinist)
  • Commonwealth Bank Of Australia Suspends Cryptocurrency Trading Testing (Bitcoinist)

ACQUISITIONS/PARTNERSHIPS

  • Injective partners with Wormhole to bring 10 new blockchains to the platform (Cointelegraph)
  • Huobi Expands its Latin America Footprint By Acquiring the Bitex Crypto Exchange (EWN)
  • 1inch Network Partners With Binance-Backed Travala (Cointelegraph)

BLOCKCHAINS

  • Number of new Bitcoin addresses plummets; What does it mean for BTC? (Finbold)
  • Cardano's Epoch 340 Is Finished as Smart Contract Usage Spikes to 29% (UToday)
  • Average Cardano blockchain load remains relatively high in May at 64% (Finbold)
  • Cardano Reaches Another Interoperability Milestone, New Ethereum-Cardano Bridge Goes Live (UToday)
  • SHIB adds over 30,000 new holders in a month despite sluggish performance (Finbold)

MINING

  • Bitcoin mining stock report: Thursday, May 26 (TB)
  • Top Crypto Quant Reveals Why Bitcoin’s Next Bull Run Will Be Driven By Energy Companies (ZyCrypto)

THESE PUBLIC OIL COMPANIES ARE JOINING FORCES WITH BITCOIN MINERS TO RESHAPE THE INDUSTRY

EXCHANGES

  • Binance To Tighten KYC and Sanctions Screening To Address Exchange’s ‘Risk’ (Blockworks)
  • What's next for FTX’s proposal for crypto derivatives trading in the US? (TB)

LEGISLATION/REGULATION

  • SEC Commissioner Hester Peirce Says Crypto Regulations Likely To Happen ‘Faster’ After TerraUSD (UST) Collapse (TDH)
  • Paraguay approves legal framework to regulate crypto mining and trading (Finbold)

FOLLOW DAT MONEY

  • Blockchain analytics firm Elliptic announces JPMorgan joined its $60 million Series C (TB)
  • Crypto Focused NGC Ventures Announces $100M Web3 And Metaverse Fund (Bitcoinist)
  • Why Polygon Launched Fund To Attract Projects From Terra Network (Bitcoinist)

THE BAD

  • MetaMask Moves To Help Crypto Scam Victims Recover Stolen Digital Assets (Blockworks)

PODCASTS

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TheCryptoCurator
TheCryptoCurator

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The Crypto Curator
The Crypto Curator

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