Crypto Bulletpoint #13 – May 12th/13th

📉Market Movers 📈

The crypto’s connection with Nasdaq has reached a new all-time high, indicating that Bitcoin has become increasingly linked to the US stock market.
Tether USDT regains stability after burning 3 billion tokens in the face of redemptions.
Bitcoin has dropped to the $25,000 support level during the past 24hrs and is presently breaking above the important $30,000 zone
Ethereum after touching the $1660 area is now trading back at $3100 after passing the $3k resistance following BTC growth trend
The majority of trading pairs tied to the TerraUSD UST will be delisted by Binance (BTC/UST, LUNA/UST, ETH/UST, BNB/UST, and UST/USDT)

Chile puts CBDC plans on hold until end of 2022 to undertake more analysis
Ethereum whales have been exchanging a massive amount of Ethereum, the most in a single day since January
Binance delisted the following Luna pairs: LUNA/BTC, LUNA/BIDR, LUNA/AUD, LUNA/BNB, LUNA/ETH, LUNA/USDT, LUNA/GBP, LUNA/BRL, LUNA/TRY, LUNA/EUR
Elon Must posted on twitter that “DOGE has potential as a currency”
Binance, ByBit and eToro delisted LUNA
It’s a lazy world: Many insertions in Alibaba’s second-hand marketplace offer running services for StepN users to earn cryptocurrency GMT in exchange for cash commissions
GAM Holding, a Swiss conglomerate, is said to offer assistance to Terra and its deteriorating ecosystem, the two organizations are currently considering the possibility of a $3 billion investment to restore UST and the entire ecosystem.
Terra’s LUNA, UST Relisted On Binance As New Data Reveals Movement Of LFG’s Bitcoin ReservesIn a recent statement, Do Kwon expresses his “heartbreak” and asserts that no UST or LUNA were sold during the crisisCoinbase, a cryptocurrency exchange, reported a massive disruption in the midst of crypto prices dropping

Despite the current market dip, Brian Armstrong, the founder and CEO of Coinbase, is hopeful about the future of crypto assets
Billionaire Bill Miller is bullish about crypto despite the recent crash, during an interview he said that “I’ve been through at least three declines of over 80%. I own it as an insurance policy against financial catastrophe, I haven’t heard a good argument yet why anybody shouldn’t put at least 1% of their liquid net worth in bitcoin.”