“How high you fly is derived from how big you think.”
-Robin Sharma
Happy Monday Folks! For those in the United States - it's Memorial Day. I am using this to kickstart once again another format to the curation I do. It's clear that the news cycle volume continues to increase by the day. As a result, I am crying UNCLE and have decided to focus on the 10 top digital assets only in my daily brief. This will significantly reduce the volume of information you will see.
That said, I will continue to keep my eyes on the news and if you want to keep up with any project you can subscribe to my community platform by texting keywords you are interested in to +1 (214) 380-2013. As I see content related to the keywords you are interested in you will get a news alert right to your mobile device (no additional apps required). This is going to allow me more time to focus on orange pilling the congressional class of 2022! Check out my Bitcoin and Politics blog - got a new post coming out this morning.
On with the news! Is this a Bitcoin Breakout or Fake out? First step is to remain above $30K for the next consecutive 3 days. If that happens, I am looking for a retest of $37K on the weekly. If that happens and Bitcoin breaks through, it's on to $41K on the Monthly; I am cautiously optimistic. Today's podcast are chock full of goodness so definitely take a listen to one or more of them.
CRYPTO MARKET WATCH
- Crypto market cap sees $60 billion inflow in 24 hours as Bitcoin nears $31k (Finbold)
- Negative Sentiment Deepens In Crypto, Why Recovery May Not Last (NewsBTC)
- Bot Known for Outperforming Crypto Markets Reveals Portfolio Allocations As Bitcoin and Ethereum Rise (TDH)
- Crypto Market Forecast: Week of May 30th 2022 (BNC)
- Market-cleansing bear cycles are healthy, say industry experts (Cointelegraph)
- Youtuber NasDaily’s Bitcoin buy is $200K underwater: 'Be greedy and HODL' (Cointelegraph)
BITCOIN IS FREEDOM’S FIRST LINE OF DEFENSE
BITCOIN
- On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K (Cointelegraph)
- Bitcoin ‘ready’ for $32.8K after consolidation as BTC price gains 6.3% (Cointelegraph)
- Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish (Cointelegraph)
- Bitcoin Dominance Rate (BTCD) Increases Rapidly After Bullish Pattern (BIC)
- ‘Mega bullish signal’ or ‘real breakdown?’ 5 things to know in Bitcoin this week (Cointelegraph)
- Bitcoin Reclaims $30,000 Level as Crypto Market Turns Green (Decrypt | Cryptoglobe | Blockworks | Bitcoinist)
- Bitcoin Shows Signs of Bottoming Out After 9 Weeks of Losses (Coindesk | Cointelegraph | CryptoPotato | BIC)
- Bitcoin price action decouples from stock markets, but not in a good way (Cointelegraph)
- BTC On-Chain Analysis: Long-Term HODL Waves Indicate the End of a Bear Market (BIC)
- A Stunning JP Morgan Chart Hints that Bitcoin is Acting A Lot Like Gold (EWN)
- Could Quantum Computers Defeat Bitcoin? Not So Fast. (Decrypt)
- Bitcoins Sold by Luna’s Foundation Guard Absorbed by Addresses With Less Than 100 BTC (Report) (CryptoPotato)
- Russia Goes Bullish On Bitcoin As It Mulls Using Cryptos For International Transactions (ZyCrypto)
How To Safely Self-Custody Your Bitcoin
ALTCOINS
- Top 5 cryptocurrencies to watch this week: BTC, ETH, XTZ, KCS, AAVE (Cointelegraph)
- Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange (Cointelegraph)
- Ethereum Bounces from $1,730 Support, Aims at $2,000 After 10% Rally (UToday)
- TA: Ethereum Reaches Crucial Juncture, Can The Bulls Make it (NewsBTC)
- XRP Whales On A Gigantic Accumulation Spree As Ripple Mulls Going Public After SEC Lawsuit Ends (ZyCrypto)
- Binance Airdrop This Week Could Cause a Bigger LUNA 2 Price Dump (BIC)
- Cardano (ADA) Price Breaks Through $0.5, Hinting at Rally Ahead (UToday)
- Cardano Has Potential to Become Scarce Asset Like Bitcoin: Community (UToday)
- Cardano-Ethereum USDC Bridge Is Already Live, Here's How to Use It (UToday)
- With SpaceX Poised To Accept Dogecoin Payments For Merch Soon, Will DOGE Get Its Glory Back? (ZyCrypto)
STABLECOINS
- Tether’s Stablecoin Launches on Polygon to Support ‘Historical Growth’ (Blockworks)
- Top US Banking Regulator Says Tether (USDT) May Have Similar Vulnerability to TerraUSD (UST) Without Regulation (TDH)
- One Location of Tether’s Mysterious Reserves Revealed (BIC)
- MoneyGram CEO Confident in USDC Stablecoin for Cross-Border Payments (BIC | Bitcoinist | CryptoPotato | Finbold | TDH)
ANALYST'S CORNER
- Crypto Quant: Bitcoin On-Chain Data Signals A Long Squeeze Brewing In Futures Market (NewsBTC)
- Capo: Crypto Analyst Says Bitcoin Capitulation Imminent, Updates Outlook on Ethereum, Solana and One More Altcoin (TDH | TDH)
- Mike Novogratz: Here’s When Bitcoin Holders Can Expect BTC To Spearhead a Crypto Rally, According Billionaire Mike Novogratz (TDH | EWN)
- InvestAnswers: Top Crypto Analyst Gives Three Massive Price Targets for Bitcoin (BTC) in Year 2030 (TDH)
- Altcoin Pyscho: Will Bitcoin and Altcoins Bottom Together in This Cycle? Veteran Analyst Shares His Views (UToday)
- Rekt Capital: Ethereum price moves toward $2,000, but analysts say it’s just another ‘relief rally’ (Cointelegraph)
- Raoul Pal: Macro Expert Explains Why He’s More Bullish on Ethereum (ETH) Than Bitcoin (BTC) (TDH)
- Michael van de Poppe: Imminent Moves to the Upside Likely for Bitcoin, Ethereum and Solana, According to Top Analyst – Here Are His Targets (TDH)
- Santiment: Ethereum Gas Fees Dropping to Extremely Low Levels, According to Analytics Firm (TDH | TDH)
- IntoTheBlock: Long-Term Holders Double Down on Ethereum (ETH), According to Crypto Analytics Firm IntoTheBlock (TDH)
- Benjamin Cowen: Binance Coin and Chainlink Trends Worth Watching in Bear Market, According to Crypto Analyst (TDH)
- Pentoshi: High Probability Rallies in Sight for Solana and One More Ethereum Rival, According to Top Analyst (TDH | NewsBTC)
NOTABLE VOICES
- Su Zhu: Three Arrows Capital’s Su Zhu Believes American Boomers Capitulated on Crypto in Mid-May (EWN)
- Alan Howard: Hedge Fund Legend Using ‘Highly Diversified’ Investment Strategy for Crypto (Cryptoglobe)
- Michael Saylor: He’ll Be Buying Bitcoin at the Top Forever and Whenever He Has Some Spare Cash (EWN | Cryptoglobe | TDH)
- Ted Cruz: Texas Senator Ted Cruz Wants His State To Become an ‘Oasis’ for Bitcoin (Cryptoglobe)
- Anthony Scaramucci: Hedge Fund CEO Anthony Scaramucci Says He’s Waiting for Key Catalyst To End Crypto Cleansing (TDH)
- Brian T. Moynihan: Bank of America CEO Dismisses Crypto (UToday)
- Asheesh Birla: RippleNet General Manager: ‘We Have Bigger Ambitions Than Replacing SWIFT’ (Cryptoglobe | UToday)
- Caroline Pham: CFTC commissioner advices people to view new crypto tokens as lottery tickets (Finbold)
- Charles Hoskinson: Some Bitcoin Maximalists Are Trying to Get PoS Cryptoassets Banned (Cryptoglobe | Cryptoglobe)
- Tim Draper: Women will drive the next Bitcoin bull market (Cointelegraph | NewsBTC)
ACCEPTANCE/ADOPTION
- Argentines turn to Bitcoin amid inflation worries: Report (Cointelegraph | BIC)
- Dubai Hotel Does Deal With Binance to Take Payment in Crypto (BIC | Bitcoinist)
- Why Did Francophone Bitcoiners Met With Central African Republic’s Authorities? (Bitcoinist)
- World Bank Disapproves Of Central African Republic’s Bitcoin Legal Tender Trajectory (ZyCrypto)
CEFI/DEFI
- 10% Of Ethereum’s Circulating Supply Now Staked In ETH 2.0 (EWN)
- $ADA and $AVAX Can Now Serve As Staking Collateral Assets on Binance Loans (Cryptoglobe)
ETFs
- Cboe Australia Lists Cosmos’ Physically-Settled Ether ETF Amid Market Woes (Blockworks)
BLOCKCHAINS
- Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH (Cointelegraph)
- Ethereum transactions drop to 18-month low as market attempts to recuperate (Finbold)
- Cardano Native Assets Minted Reach 5 Million, ADA Spikes 12% (UToday)
- Number of active Cardano pools near 3,000 as Vasil hardfork approaches (Finbold)
MINING
- Kazakhstan Government Rakes in $1.5M in Crypto Mining Fees in Q1 2022 (BIC)
PODCASTS
- The Pomp Podcast: #983 Mark Yusko On Why Governments Can’t Print Unlimited Money
- The Breakdown: Bitcoin Isn't Apolitical, but It Is Nonpartisan
- The Scoop: Anthony Scaramucci says institutions "ready to pounce" on spot bitcoin ETF
- The Wolf of All Streets: Bill Barhydt Has A Clear Vision On Crypto And Owns A Sh*t Ton Of Bitcoin
- Bitcoin Magazine: Wind and Solar are Shitcoins w/ Jimmy Songs
- Bankless: 120 - Reinventing the Internet | Marc Andreessen & Chris Dixon of a16z
