Crypto Bulletpoint #8 – May 5th 2022

It was just another bad day at the office… BTC had the biggest daily drop since January, Terra grabs further $1.5B in BTC, and many more bloody crypto news happened today…


📉Market Movers 📈

  • Early morning Bitcoin and Crypto market in general keep positive vibes after yesterday’s Fed announcement
  • While waiting BTC and ETH most of DeFi tokens are growing
  • Once again after a Fed announcement ZIL spikes, now almost 25% on the daily 🔆
  • Cardano’s trading volume has increased by more than 130 percent in the last 24hr, indicating that whales have amassed approximately 200 million ADA 😍
  • DOT responded positively to network security upgrades and grew 12% in the past 12hrs 📈
  • $7.5 billion worth of ETH left exchanges since January and that’s a bullish sign
  • AVAX rebounded 25% preparing the ground for a bigger jump?
  • As US stocks market opens with a dip Bitcoin and crypto a following on the downside 🤿
  • As Bitcoin continues to get hammered during the US trading day the dollar has risen to its highest level in 20 years against other major currencies 💥🤯
  • BTC touched $35.5k line in one of the most bleeding days of 2022 🩸

📰Today’s News📰

  • Treatment Centers worldwide are now considering Bitcoin and Crypto trading as an addiction 🥶
  • As reported in a research published by Coinshares it seems that many institutional crypto investors are leaving the market based on disappointing results and general critical situation 👋🏼
  • TRON’s stablecoin USDD is going to be launched today, May 5th
  • In their marketing and communication effort TRON promises “Financial Freedom” with USDD Stablecoin 🥰
  • Binance🟡, along with organizations like Sequoia Capital Fund and Fidelity, is one of 18 co-investors in Elon Musk’s Twitter acquisition and has agreed to invest $500M💸
  • More bad news for CRO: MM.Finance, Cronos’ largest decentralized exchange, was hit by a $2 million cyber attack 😈
  • At launch USDD had already $100M circulating 💸
  • BitMEX co-founder and former CEO Arthur Hayes through his legal team asked the NY court for a non-jail sentence and permission to travel✈️
  • Binance has added a new Shiba Inu trading pair, SHIB/GBP
  • Terra’s Luna Foundation Guard grabs another $1.5B and entered the BTC Whales 🐳 top 10

👍Adoption👍🏾

  • Argentina’s central bank blocks financial institutions from offering crypto right after two major banks started to offer crypto services 🤬

📢Opinions📢

  • Nothing much to say… it was just a bad day at the office

👩‍💻Blockchain👨🏽‍💻

  • Since the last halving, the Bitcoin hash rate has reached another all-time high, with the 105,000th block being mined, marking the halfway point to the next halving 🥑🥝🍠
  • A third and possibly final Proof of Stake (PoS) shadow fork of the Ethereum network will be place later today, according to Ethereum’s Tim Beiko 🍴

🖼NFTs🖼

  • Due to diminishing demand, Yuga Labs’ Otherdeeds NFTs are already selling for less than the initial purchase price on OpenSea, according to Bloomberg News 🤒

🗺Metaverse🗺

  • You can, of course, use SHIB to buy lands in SHIB: The Metaverse

🎮CryptoGaming🕹

  • Crypto gaming dev studio InfiniGods announced Thursday that it raised $9M in seed funding led by Pantera Capital 🐆

⛏Mining⛏

  • Argo Blockchain stock jumps as the company is getting ready to start mining operation in their Texas flagship facility 👨‍🏭

🛠Tools & Links

BlockBar is a platform that offers NFTs (digital assets) directly from luxury liquor brands. Each NFT corresponds to a physical bottle, this is one of the most creative NFTs marketplaces

https://blockbar.com

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