Crypto Bulletpoint #12 – May 11th

📉Market Movers 📈

BTC seems to be weak during the first trading hours of the day and is failing to regain the $32k line
It seems like UST will need some more time to get back to $1 as it retraced again during the past 24hrs to the $0.73-$0.82 Region
Terra UST has dropped 94 percent in the last five weeks as the LUNA Foundation liquidates all of its $BTC holdings
LUNA is heading to $0.5 as UST is struggling to survive
Due to the crash of UST Maker’s token MKR rose 30% as its stablecoin DAI became the fourth largest stablecoin by market cap
Fears cause Avalanche to decrease 30% as investors fear that Terra’s LFG will drop AVAX next
8.3% CPI was announced , 8.1% was expected… $BTC dropped touching $28.959 before bounce back
Luna seems to bounce at $0.9
Stablecoins dominance reached ATH
$27660 its the new BTC Low
ApeCoin, Avalanche, Solana, Shiba Inu crashed more than 20% in the continuation of the Crypto nosedive

Sweatcoin recently announced a cooperation with the NEAR Foundation to establish the SWEAT token and 4 million new wallets have been created since then
Binance apparently cultivated links with Russian officials, according to a Reuters report
The VeChain Foundation has released its financial report for Q1 2022, revealing that the project accumulated a $1.2 billion in the vault but only $4.1 million was spent throughout the quarter
33% of ETH investors are at lost
To soothe investors and traders, Do Kwon announced the introduction of a strategy that was supposed to save the market, but 15 hours have passed and no real plan has been released.
Shiba Inu introduced Shibarium, it’s main financial components which is currently developing stablecoin SHI and Shibarium Financial Ecosystem SHIBFE that will be launched shortly
Following the LUNA Crash, TRON DAO deploys $2 billion to protect TRX
Coinbase blames India Central Bank for exit from the country
As the crypto market bleeds, in-profit Bitcoin addresses have dropped to a 2-year low
In Germany a new law states that Bitcoin and Ethereum are now tax-free if the asset is hold for more Ethan a year
Gemini has rejected claims that it lent BlackRock and Citadel $100,000 BTC, valued at the time around $3B
Australia’s first Bitcoin and Ethereum spot ETFs is now live

With the addition of $5 million in Bitcoin to its balance sheet, Townsquare Media, a New York-based digital marketing and radio station company, has become the latest enterprise to back the original cryptocurrency
Continental Diamond in Minnesota has become the state’s first jewelry store to accept Bitcoin
Nubank, a Brazilian fintech business, has announced a partnership with Paxos, a cryptocurrency exchange

After a 50% price drop owing to claims of rug pulling against the creator, Azuki non-fungible token (NFT) sales increased by more than 800% in the last 24 hours
According to Zuckerberg, Meta will first test non-fungible tokens (NFTs) on Instagram and then Facebook before expanding to other platforms