“How high you fly is derived from how big you think.”
-Robin Sharma
Happy Friday Folks! Well as we downshift into the weekend, the market is doing the same. Not really anything too exciting going on but listen to Bill as he calls Bitcoin insurance; Chamath Palihapitiya called it schmuck insurance. While Digital Assets are getting crushed, so are all other assets and so which is the better asset? These Crypto Winters can be brutal so bundle up!
BIG STORIES TO WATCH
- Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe (Cointelegraph)
- Kevin O’Leary on Proposed PoW Ban, Says New York State is Un-investible (CryptoPotato | Finbold)
- Senators Draft Bill to Ban Use of Digital Yuan in US-Based Mobile Apps (Blockworks | Cointelegraph | Bitcoinist | BIC)
- Buterin: How to create algo stablecoins that don’t turn into Ponzis or collapse (Cointelegraph | TDH | BIC)
- Stepn to block mainland China users to comply with regulatory policies (Cointelegraph)
- Solana Downtime Series Continues, Network Faces Serious Issues Again (UToday | TB | ZyCrypto)
CRYPTO MARKET WATCH
- Crypto Markets Shed $40 Billion, Ethereum and Cardano Down 5% (Market Watch) (CryptoPotato)
- Traders Suffer Heavy Losses as Liquidations Top $500M (BIC)
- Two big staking companies won’t support Terra’s new blockchain (TB)
- Number of DOGE-made millionaires drop 43% in 2022 (Finbold)
BITCOIN
- TA: Bitcoin Price Resumes Decline, Why BTC Remains At Risk (NewsBTC)
- Small Bitcoin whales may be keeping BTC price from 'capitulation' — analysis (Cointelegraph)
- 3 reasons why Bitcoin is regaining its crypto market dominance (Cointelegraph)
ALTCOINS
- TA: Ethereum Dives 10%, Why ETH Might Test $1,500 (NewsBTC)
- $XRP Whales Have Been Quietly Accumulating Tokens While Prices Drop (Cryptoglobe | TDH)
- Cardano TVL Crashes By 62% From Its All-Time High (BIC)
- Shiba Inu ($SHIB) Adds 30,000 Holders in a Month as Burn Rates Keep Climbing (Cryptoglobe)
- SHIB Will Now Be Burned via Amazon, Here's How (UToday)
- Celsius token price drops below $0.60 for first time since September 2020 (TB)
CBDCs/STABLECOINS
- Tether's USDT stablecoin launches on Polygon (TB | EWN)
- Thailand Central Bank Not Rushing to Deploy CBDC, Crypto VAT Gets Delayed (BIC)
- Two key takeaways from Nansen’s UST stablecoin depeg report (Cointelegraph)
ANALYST'S CORNER
- Peter Schiff: Predicts ETH Fall to $1,000 Due to Super Bearish Pattern (UToday)
- Su Zhu: 'Supercycle' price thesis was 'regrettably wrong' (TB)
- Jason Pizzino: Crypto Analyst Says Altcoin Bulls Are Taking a Dangerous Gamble As Bitcoin Dominance Surges (TDH)
- Ethereum DeFi Advisor Reviewed Cardano (ADA): Results (UToday)
WEB 3
- Digital identity in the Metaverse will be represented by avatars with utility (Cointelegraph)
- Qtopia – The First LGBTQ Metaverse is in the Pipeline (BIC)
- Swinburne Uni brings Web3 firms to class (Cointelegraph)
- Metaverse Will Result in ‘Significant’ Loss in the Short Term: Mark Zuckerberg (BIC)
- BSV president urges Meta to store data for its metaverse on a public blockchain (Cointelegraph)
ACCEPTANCE/ADOPTION
- Bitcoin, Dogecoin and XRP Now Accepted as Payment by Luxury Tour Operator Scott Dunn (UToday)
- $SHIB: Next-Gen Blockchain-Powered Travel Platform Adds Support for Shiba Inu Payments (Cryptoglobe | UToday)
BLOCKCHAINS
- Monthly Research Key Data – ETH Gas Price Rose by 14.4% (TDH)
- Ethereum network records extremely low fees as on-chain activity diminishes (Finbold)
- Ethereum Liquidations Top $157M After Merge Upgrade Test Hits Snag (Decrypt)
- Charles Hoskinson stresses Cardano’s focus on doing only regulated business (Finbold)
- Cardano Community Shows Rapid Growth with About 3,000% Increase in Social Mentions (UToday)
- Terra v2 Mainnet Launch And New LUNA Airdrop Delayed Till May 28 (EWN | CryptoPotato)
EXCHANGES
- JPMorgan trials blockchain for collateral settlement in after-hours trading (Cointelegraph)
- Crypto exchange Bitso lays off 80 employees, CoinDesk reports (TB)
- Digital Assets Exchange Crypto.com Lists New Ethereum-Based Altcoin (TDH)
LEGISLATION/REGULATION
- Binance APAC Head Sees Crypto Edge in India But Not Without Regulatory Clarity (BIC)
- Crypto’s Chaos Brings Two Unlikely Senators Together To Protect Investors With A New Draft Proposal (ZyCrypto)
- Binance And Kazakhstan Ink MOU On Crypto, Blockchain Regulation (Bitcoinist)
THE BAD
- Crypto spam increases 4000% in two years: LunarCrush (Cointelegraph)
- Luna 2.0: Scammers Simulate Airdrop to Lure Victims (BIC)
- Hacker tastes own medicine as community gets back stolen NFTs (Cointelegraph)
- LUNA founder Do Kwon faces accusations of fraud over Mirror Protocol (Finbold)
PODCASTS
- Unchained: Hester Peirce's Former Counsel on Terra 2.0, XRP and a Bitcoin Spot ETF
- The Scoop: StarkWare founders talk through $100 million Series D fundraise, mass adoption
- On The Brink: Weekly Roundup 05/27/22 feat. Dan Matuszewski (VC dry powder, FTX' CFTC proposal, more Tether concerns)
- The Breakdown: As the Market Slinks Down, It's Time to Touch Grass
