The number of stabelcoins on centralized exchanges has fallen by half from the December highs, from $43 billion to $21 billion (Glassnode)

Just during this period we saw the growth of the crypto market, an interesting coincidence 🤔
It is logical to assume that the chances of further growth are greatly reduced

Santiment recorded a sharp increase in Etherium deposits on cryptocurrency exchanges. It can become the reason of volatility growth, and quite significant.
At the same time, ETN has already reached the level of $2,000 and is asking for partial profit fixation.

Breaking: Binance Announces SUI, FLOKI, PEPE Trading At Zero Fees

https://bit.ly/3B1SrRx

What is BRC-20?

- BRC-20 is an experimental bitcoin blockchain token standard based on the ERC-20 model. It is created using sequence numbers and inscriptions and stored in the underlying bitcoin chain. The standard allows developers to create and transfer interchangeable tokens via the Ordinals protocol.

- BRC-20 is modeled after the ERC-20, but it is different. This network cannot interact with smart contracts, unlike the EVM standard, and requires the use of a bitcoin wallet to create/trade them.

- The BRC-20 standard was created on March 8, 2023 by a Twitter user named domodata. The goal was to make it possible to issue and transfer interchangeable tokens in the bitcoin blockchain. Amid the meme token trend, the market capitalization of BRC-20 tokens has surged in the last couple of days.

- Interest in BRC-20 tokens overwhelmed the initial number of bitcoin transactions on the blockchain, with the number of BRC-20 transactions exceeding regular BTC transactions and accounting for over ~60% across the network.

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Top 15 stabelcoins by market capitalization 📊

1. USDT accounts for more than 62.5% of the total market capitalization of stablcoins, it is $82.5 billion.
2. USDC is $30.3 billion.
3. and the capitalization of BUSD continues to decrease, and amounts to - $5.98 billion.

The number of active addresses in LTC is showing strong growth. This is also due to the upcoming halving in three months, but also noteworthy is the new standard LTC-20 proposed by community members.
So we may well see surprises from Lite in the near future 📈

Bitcoin's mining difficulty rose 3.22 percent this morning to another high of 49.55T. The network's average hash rate over the past two weeks has been 354 hashes per second.

So the interest in BTC mining is huge. And the figures once again confirm it.

Breaking: Binance Brings Back Zero-Fee Trading For Bitcoin, SHIB, PEPE, Other Crypto

https://bit.ly/3pSuVnF

JPMorgan compared the current bitcoin cycle to the 2017-2019 cycle and found many coincidences. If nothing fundamentally changes in this logic, then after trading around $27,000, we will have to go somewhere around $40,000.

The Fear and Greed Index on the crypto market has been in a neutral position for quite some time. Theoretically, nothing prevents the market from continuing its upward trend until the index reaches extremes, which are still very far away.

Virtual Real Estate Crisis: In 1 year, the value of land in meta-villages collapsed by 5-15 times 😱

Binance Australia Users Selling Bitcoin (BTC) A$9000 At Discount, Know Why

https://bit.ly/42bOEvV

OP and 1INCH coins are expected to be unlocked within a few days for a total amount of ~$300 million 😱

OP (Optimism) coin will be unlocked on May 31. The total number of unlocked coins will be 154,620,000 ($250 million).

1INCH (1inch) token unlocking is expected on June 1. 240,660,000 tokens ($96.55 million) will be unlocked.

Now it is too obvious to go short, but personally I will wait for the long squeeze, and then I'll look at the situation, the sums are very significant, but not everything will go to market at once.

Whales with balance of 10k BTC and more accumulate first cryptocurrency while everyone else sells 🐳

Maybe they know something...

Polygon (MATIC) was never aimed at the U.S. market 😳

The Polygon team responded to the SEC's claim that MATIC is a security.

"We developed outside of the U.S., deployed outside of the U.S. and to this day are focused on the global community and were not aimed at the U.S. market," Polygon

After this statement, the MATIC token stopped declining.

Argentina knows how to have fun 👍

Binance has filed an application with the court to reject the SEC's motion to freeze the assets of Binance US. The court meets today and if it upholds the SEC - we may get a sell-off 🤔

Another reason for volatility today could be US inflation data. The current forecast is down from 4.9% to 4.1% and so far it is in the bulls favor 🎢

Legislation has been introduced in the US Congress to fire Gary Gensler as Chairman of the SEC. Looks like someone in Congress lost a lot of money on the recent crypto market dump 😁

Trading platform eToro stops trading Algorand, Decentraland, Polygon and Dash because of the SEC's position that these coins are securities. Robinhood previously removed Cardano, Polygon and Solana from the platform, who is next? 🤦‍♂️

Very bad rumor: U.S. Justice Department is preparing a criminal lawsuit against Binance 😬

🔹 Top 3 in 24 hours:
Terra Classic - $0.00009974 (↑13.27%)
Sui - $0.7071 (↑7.86%)
GMX - $45.94 (↑7.67%)

Financial giants led by Fidelity announced the launch of their own cryptocurrency exchange 🤯

The exchange will be called EDX Markets.

Fidelity is a company with ~$4 trillion under management. There was a rumor a couple of days ago that it would apply for a Bitcoin ETF.

EDX Markets will not directly handle clients' digital assets or provide direct services to individual investors.

Binance Announces New Functions For Bitcoin, ETH, XRP, SHIB, DOGE Auto Invest

https://bit.ly/42Z4DxW