Crypto Bulletpoint #7 – May the 4th 2022

May The 4th (And The Force…) Be with you Crypto HODLers!


📉Market Movers 📈

  • The Fed is likely to raise the federal funds rate by 50 basis points (bp) at its May 4th, 2022 meeting
  • APE pumped and then dumped after Elon Musk NFT Twitter profile
  • CRV up 15% in the past 24hrs and is one of today’s best performing crypto ⬆️
  • ADA Whales number is constantly increasing during the past 5 weeks
  • In order to combat inflation, the Fed raises interest rates by 50 basis points as market expected pushing most of crypto (and stocks) upward ⬆️
  • Crypto Market keep following the big tech stock trend after Fed announcement

📰Today’s News📰

  • Senator Cynthia Lummis (R-WY) was recently interviewed by Axios news, and she revealed key facts about the crypto bill she plans to propose by the end of the year, you can watch the interview here https://youtu.be/-AMjvnNsd80
  • The mystery corporation that took out Wall Street’s first Bitcoin-backed loan from Goldman Sachs has been identified as Coinbase, America’s largest crypto exchange 🥸
  • The owner of a stunning 4.3-acre home in rich Greenwich is accepting Bitcoin or Ethereum as payment for the $6.5 million asking price 🏰
  • According to the transcript of MicroStrategy’s most recent earnings call, the company recorded a significant loss on its Bitcoin position and said it will face the first margin call if the first cryptocurrency falls below $21,000
  • Elon did it again, changes Twitter profile image to a Bored Ape collage 🙊
  • Ripple started to strongly call out SEC’s delaying tactics during the ongoing lawsuit aiming to expose to the public and to the judge this “unhealthy” behavior 😷
  • Polkadot has announced the launch of a new cross-chain communications protocol, claiming that it will eliminate the need for complicated bridging procedures that have cost the crypto industry billions in cyber attacks 🤖
  • On chain data shows increase of interest of retailers into Cardano
  • Valkyrie has launched an AVAX Trust for Accredited Investors after the firm’s announcement of its first multi-coin investment vehicle earlier last month 🤝
  • The European Union’s Anti-Money Laundering and Counter-Terrorism Financing (MONEYVAL) watchdog is now monitoring the crypto industry with the aid of “gatekeeper”professionals like attorneys and accountants, as European countries are now prioritizing efforts to combat money laundering 🇪🇺
  • Bloomberg in its latest intelligence report explains how BTC is differentiating from other digital assets and how it became risk-off compared to other similar types of investment
  • Argo, the bitcoin mining ⛏company, has agreed to take up to $70 million in loans from crypto financial service NYDIG to help construct its newest mining site in Texas
  • Kazakhstan’s government released a law that regulates the crypto mining process and mining companies
  • California Governor Gavin Newsom signed an executive order today directing several state agencies to investigate cryptocurrencies and blockchain technologies 🔎
  • Binance, the world’s largest cryptocurrency exchanges, has been granted a digital asset service provider license by French financial regulators

👍Adoption👍🏾

  • South Korean digital bank KakaoBank reported its Q1 business results in which its mentioned that a partnership evaluation with a local cryptocurrency exchange is ongoing 🇰🇷
  • LGT bank 🏦 has teamed with Seba, a Swiss crypto bank, to provide Bitcoin and Ethereum custody and trading services
  • Restaurants in Singapore 🇸🇬 are accepting crypto payments despite local regulation turned not very friendly to digital currencies
  • Coinbase opened its NFT marketplace to everyone 😉
  • Later this month, Gucci 👜will begin taking cryptocurrency payments in select stores across the United States

📢Opinions📢

  • ‘it’s ‘Hard To Not Want To Be Long Crypto Current Macro Environment’ according to legendary investor Paul Tudor Jones 🖖

👩‍💻Blockchain👨🏽‍💻

  • The first Quantum Random Number Generator has been launched by researchers from Australia National University and AP13, with this QRNG Web3 organizations will be able to use a completely unpredictable random number generating system that is both secure and most importantly free to use ⌨️
  • Atala SCAN is a Cardano-based blockchain anticounterfeit solution that works with microchips 👗

🖼NFTs🖼

  • Residents of China’s largest metropolis are taking on NFTs to express their dissatisfaction with the prolonged lockdowns despite a strict censorship system 🇨🇳
  • The Vatican announced the inauguration of a non-fungible token (NFT) art gallery for visitors from all around the world to view its collection of artworks, documents, and other things ⛪️
  • The WSJ published an article how irreversibly dead is the NFT market but volumes and user base numbers are proving them wrong 📰
  • Starbucks, as introduced a few weeks ago, has confirmed that will soon create an NFT branded collection

🗺Metaverse🗺

  • The Toronto Stock Exchange has started trading the world’s first ETF on the metaverse 👽

🎮CryptoGaming🕹

  • Despite hacks and a slump in AXS price and volume in recent months, according to Be[In]Crypto Research, Axie Infinity had a total sales volume of around $4.07 billion as of April 30, 2022 🕹

⛏Mining⛏

  • Nothing has happened yet… 🤖

🛠Tools & Links

Coins360 is a very useful tool that through heatmap style visualization allows users to have at a glance an overview of the current situation of the cryptocurrency market.

https://coin360.com

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