🐒NFT from the BAYC collection sold for $200

💸Ape #6462 from the Bored Ape Yacht Club (BAYC) NFT collection was sold on the OpenSea platform for $200. This was reported on Twitter by Boredapebot, which tracks the sale of NFTs from the BAYC collection.

https://getblock.net/en/news/nft-from-the-bayc-collection-sold-for-200

💰TRON founder to allocate $10 million to the Terra community

🗣TRON blockchain founder Justin Sun has offered his help to the Terra community following the collapse of the UST stablecoin and LUNA token rates. On Twitter, he announced his intention to allocate $10 million to reimburse 236 000 UST holders. Sun concurred with a social network user nicknamed PersianCapital, who offered to support small investors.

https://getblock.net/en/news/tron-founder-to-allocate-10-million-to-the-terra-community

Cardano

An interesting situation is developing on the daily timeframe of the ADA token. In mid-March, the altcoin broke out of the downtrend in which it had been since September 2021. Despite this, the cryptocurrency price continued to decline in April and May amid a drop in the value of bitcoin. In May, the ADA rate fell to $0,4 for the first time since February 2021.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.

https://getblock.net/en/market-analysis/ada-review-dated-17052022

#ADA #Analytics

💸Binance lost $1,6 billion in unrealized profits to the collapse of LUNA

📉Cryptocurrency exchange Binance has lost more than $1,6 billion in unrealized profits from its investments in the Terra (LUNA) token after the collapse of its rate. This was announced on Twitter by the head of the exchange Changpeng Zhao.

https://getblock.net/en/news/binance-lost-16-billion-in-unrealized-profits-to-the-collapse-of-luna

🔮Bloomberg analyst predicted bitcoin and Ethereum to rise amid the Fed’s actions

📊Bloomberg Intelligence senior analyst Mike McGlone believes that only bitcoin and Ethereum will benefit in the long run from the US Federal Reserve System’s (Fed) policy tightening. He added that temporary declines in cryptocurrency rates amid a falling stock market are the norm. McGlone told about this in a podcast on Yahoo Finance.

https://getblock.net/en/news/bloomberg-analyst-predicted-bitcoin-and-ethereum-to-rise-amid-the-feds-actions/

📈Crypto analyst predicted bitcoin price rebounds after fall to $28 800

🗣Cryptocurrency analyst and trader Justin Bennett has reported that bitcoin has probably reached a local bottom after it managed to recover a key support level. On Twitter, he spoke about a possible rise in the price of BTC that will “run beyond most expectations.”

https://getblock.net/en/news/crypto-analyst-predicted-bitcoin-price-rebounds-after-fall-to-28-800

🙌Terra’s head proposed to conduct a hard fork of the network to save the blockchain ecosystem

💡The co-founder of the Terra (LUNA) blockchain Do Kwon has proposed to conduct a hard fork of the network. According to Kwon’s plans, the new chain will not be linked to the TerraUSD (UST) stablecoin, and the old one will continue to exist under the name Terra Classic (LUNC). The initiative is aimed at saving the blockchain ecosystem, with a vote on this issue to be held on May 18.

https://getblock.net/en/news/terras-head-proposed-to-conduct-a-hard-fork-of-the-network-to-save-the-blockchain-ecosystem

💰ETH worth $1,8 billion withdrawn from Coinbase on May 16

📃Analytics firm CryptoQuant has published data showing the withdrawal of a large sum of the Ethereum cryptocurrency from the Coinbase exchange on May 16. A total of 900 634 ETH tokens were withdrawn from the platform.

https://getblock.net/en/news/eth-worth-18-billion-withdrawn-from-coinbase-on-may-16

​​🔥 Contest from GetBlock Magazine

Friends! We have a contest for you where everyone can become a winner and get 100 USDT. Its main point is to be as accurate as possible in predicting the Bitcoin exchange rate as of May 24, 16:00 Moscow time according to the Binance exchange. The contest will take place every week and, once a week, we will announce the name of the winner.

What do you need to take part in the contest?
🔹 To participate, you need to subscribe to our Telegram channel
🔹 Write BTC/USDT exchange rate as of May 24, 2022, 16:00 (Moscow time) according to the Binance exchange in the comments below the post. The rate should be specified with the accuracy of 2 decimal places.
➡️ Example: 45095.98
🔹 Only users can participate, no comments from channels are accepted.
🔹 Comments marked "Edited" are out of the contest. If you want to change your prediction, delete the old comment and leave a new one.
🔹 You can't post more than one comment. Participants who will have more than one comment at the time of determining the winner will not participate in the drawing.
🔹 Please do not write anything other than the prediction in the comment. Any comments other than the price prediction will be deleted.
🔹 Responses will be accepted one day before the specified date.
🔹 The participant, whose prediction is the closest to the real rate, either upward or downward, wins. If the predictions coincide, the participant who left his or her comment earlier wins.
🔷 If in 3 days the winner does not get in touch and does not send the wallet for receiving the prize, it goes to the next participant who was the closest to the correct result.

Good luck to everyone! Let's go 😉⬇️

💸Glassnode: crypto investors started to get rid of USDT and DAI after UST’s collapse

📉The circulating supply of USDT and DAI stablecoins has dropped significantly after the collapse of the UST rate and its backing LUNA token in the market. This data is provided in a weekly report by the analytics firm Glassnode.

https://getblock.net/en/news/glassnode-crypto-investors-started-to-get-rid-of-usdt-and-dai-after-usts-collapse

🇨🇳China returned to second place in the global bitcoin hashrate

⛏Despite the ban on cryptocurrencies and mining, China managed to return to second place in the ranking of bitcoin mining countries. This data is published on the Cambridge Bitcoin Power Consumption Index’s (CBECI) website.

https://getblock.net/en/news/china-returned-to-second-place-in-the-global-bitcoin-hashrate

📈Weekly capital inflow into crypto funds set a record since the start of the year

💰Investors have invested $274 million in cryptocurrency funds over the past week. This is a record indicator of the inflow of funds since the start of the year. This is evidenced by the data of a weekly report from analytics firm CoinShares, published on May 16.

https://getblock.net/en/news/weekly-capital-inflow-into-crypto-funds-set-a-record-since-the-start-of-the-year

✅Coinbase started testing browser and wallet for dApps

📲Cryptocurrency exchange Coinbase has started testing a browser and wallet for decentralized applications (dApps) based on the Ethereum blockchain. Users can buy NFTs on marketplaces such as Coinbase and OpenSea, trade on exchanges such as Uniswap and Sushiswap, as well as lend and swap cryptocurrencies through DeFi platforms such as Compound and Curve. Beta testing of the apps began on May 17 and is available to Android smartphone users from the United States.

https://getblock.net/en/news/coinbase-started-testing-browser-and-wallet-for-dapps

☝Polygon announced assistance to Terra-based projects to change the blockchain

🗣Polygon Studios CEO Ryan Wyatt reported on Twitter that his team is working closely with developers of projects on the Terra blockchain to help them migrate to the new ecosystem. Meanwhile, some projects on the affected network have already shut down their protocols, these include Kujira, Stader Labs, LunaBulls, LunarFlip, and Hero NFT.

https://getblock.net/en/news/polygon-announced-assistance-to-terra-based-projects-to-change-the-blockchain

✅Bitcoin signaled a reversal. Analyst predicted a bear market end

🔜Bitcoin has begun to show signs signaling the end of a bear market, crypto analyst Kevin Svenson reported in his YouTube video. He suggests that the growth of the weekly volume of BTC sales on the Coinbase exchange may mean a trend reversal for the first cryptocurrency.

https://getblock.net/en/news/bitcoin-signaled-a-reversal-analyst-predicted-a-bear-market-end

💥 Cryptocurrency rate dynamics 18.05.2022💥

Almost all crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Tron showed the biggest gain overnight: +1.5%;
⬇️ Polkadot showed the biggest decrease: -4.8%.

🔴 BTC - $30,099.62 (-1.0%)
🔴 ETH - $ 2,052.67 (-1.2%)
🔴 BNB - $ 301.36 (-1.4%)
🔴 XRP - $ 0.429474 (-1.5%)
🔴 ADA - $ 0.567893 (-1.7%)
🔴 SOL - $55.16 (-1.0%)
🔴 DOGE - $ 0.089920 (-0.6%)
🔴 DOT - $10.61 (-4.8%)
🔴 AVAX - $33.94 (-1.3%)
🟢 TRX - $0.072086 (+1.5%)

😱Crypto market fear and greed index fell to its lowest point in two years

🔥As of May 17, the Fear & Greed Index (F&G) of the cryptocurrency market has fallen to its lowest point since March 28, 2020. The sentiment indicator has reached 8/100 (extreme fear), indicating extreme investor concern. The market unrest began after the TerraUSD (UST) stablecoin rate collapsed and Tether (USDT) temporarily lost its peg to the US dollar.

https://getblock.net/en/news/crypto-market-fear-and-greed-index-fell-to-its-lowest-point-in-two-years

☝South Korean authorities call on Terra’s head to explain the reasons for the UST rate collapse

📢A representative from South Korea’s ruling People Power Party Yoon Chan-Hyun has called for a parliamentary hearing on TerraUSD (UST) following last week’s collapse of the stablecoin rate. He said that Terraform Labs founder Do Kwon should speak to parliament and explain the reasons behind what happened. One of the purposes of the hearing is to take measures to protect investors.

https://getblock.net/en/news/south-korean-authorities-call-on-terras-head-to-explain-the-reasons-for-the-ust-rate-collapse

Bitcoin

After the collapse to $26 700 bitcoin can not overcome the resistance level of around $31 000. Now the coin rate is locked in the range of $30-31 000. Breakout from the range downwards will mean a further decline in the asset’s price and, perhaps, another hike to $26 000.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.

#BTC #Analytics

https://getblock.net/en/market-analysis/btc-review-dated-18052022

❌Terra community did not support Do Kwon’s proposal to conduct a hard fork

📊90% of the Terra community members opposed the proposal of Terraform Labs CEO Do Kwon to conduct a hard fork of the network in a preliminary vote. Also in the comments, many supported the plan to burn the blockchain’s native token LUNA. The user who posted the poll noted that finding out the community’s opinion as soon as possible will allow not “wasting days.” As of May 17, 18:00 Moscow time, more than 2500 people took part in the poll.

https://getblock.net/en/news/terra-community-did-not-support-do-kwons-proposal-to-conduct-a-hard-fork/