The cryptocurrency market has passed a month of May 2023 without much noticeable volatility, resulting in trading activity and volume on major exchanges dropping to lows not seen since 2020.
However, the crypto community is looking forward to a June when it has left the negative information about the crypto market situation, as well as the US public debt crisis, behind.
Volatility of top cryptocurrencies compared to 7 days ago. Screenshot of Coin360 at 08:25 AM on 04/06/2023
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Coin68 Blog:
- On-chain Tools: Etherscan User Manual ( Part 1 | Part 2 )
- Token-2022 : The new future of token standards on Solana?
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- DeFi Discussion ep.98: Multichain Problem Still Unsolved
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- Instructions: Follow the Token Vesting/Token Unlock schedule - An important factor when investing
📰 News Points
The focal point 🔥
- Binance is rumored to lay off staff - User withdrawals increase again
- CZ "dispels" FUD and identify future crypto trends in an interview with Bankless
- Tether sets a new record in market capitalization
- Multichain claims to still not be able to contact the CEO - Gate.io exchange is involved
- May crypto trading volume drops to lowest level since 2020
- Binance market share drops to lowest level since FTX crash
Big Cap
- The number of Bitcoin Ordinals and BTC transaction fee revenue simultaneously peaked
- The number of active wallets of the XRP network skyrocketed
- Sui (SUI) is about to unlock 63 million USD tokens on the day of IDO Suiswap - Suiswap canceled IDO at the last minute
- Sei Network (SEI) requires face verification to receive AirDrop
- Fantom (FTM) will return 15% transaction fees for some projects on the network
- Cumberland stopped trading Filecoin (FIL) for legal reasons
- The memecoin trend is flourishing on Cardano
- Elon Musk is being sued again for Dogecoin
- Notable token unlocks in June 2023
DeFi and Layer 2
- Uniswap fee sharing vote for UNI community failed
- MakerDAO agreed to buy another $1.28 billion in US bonds
- Stargate proposes to reduce exposure of Multichain's Stablecoin anyUSDC
- Reflexer Finance (RAI) proposes to stop working with Paradigm
- DAI reduces its dependence on USDC to 23.5%
- USDC deployed to Arbitrum ecosystem
- Rocket Pool brings Liquid Staking protocol to zkSync Era
NFT, GameFi and Metaverse
- BRC-721E: New token standard to convert NFT from Ethereum to Bitcoin
- Nike will bring .SWOOSH NFT to EA Sports games
- Price "real estate" metaverse has dropped 80% from its peak in 2022
- Japan's largest airline ANA launches NFT Marketplace
Large organizations
- Nansen downsizing, cutting 30% of staff
- Circle has completely removed US bonds from its reserve fund
- Binance considers keeping institutional clients' Collateral asset in the bank
- Temasek cuts investment department salary because of $275 million loss from FTX deal
- The MoonPay project team is accused of "gutching" 150 million USD of capital
- Celsius staking 745 million USD ETH back, extending the validation queue up to 44 days
Legal and Reception ⚖️
- Beijing releases Whitepaper on web innovation and development3
Biden's policy of imposing a 30% tax on Bitcoin mining is not in the US House of Representatives' voting proposal
- OpenAI CTO hacked Twitter to shill crypto tokens "scam"
- Americans hate Bitcoin and FTX
- Telekom telecommunications company participates in operating the validator on Polygon PoS
- Bali bans tourists from paying with crypto
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