📡SpaceX to start accepting Dogecoin as payment for the company’s merch

💸SpaceX will start accepting the meme cryptocurrency Dogecoin (DOGE) as payment for merch. This was announced by the company’s head Elon Musk on his Twitter account. In this, he did not specify when exactly SpaceX will start accepting DOGE. After the tweet was posted on May 27, the Dogecoin rate rose by 9% to $0,085.

https://getblock.net/en/news/dogecoin-co-founder-called-terra-20-supporters-dumb

⛏Miners’ share of Russia’s power consumption structure exceeded 2%

☝Russian miners account for more than 2% of the country’s total power consumption, Deputy Industry and Trade Minister Vasiliy Shpak reported. The official added that cryptocurrency mining has overtaken agriculture in terms of this indicator, which is why he believes it is necessary to recognize it as an industrial activity or a separate industry. Shpak also recalled that mining is now in a “grey” zone in the Russian Federation. In his view, the market needs to be “whitewashed” and regulated.

https://getblock.net/en/news/miners-share-of-russias-power-consumption-structure-exceeded-2

💥 Cryptocurrency rate dynamics 30.05.2022💥

All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Avalanche showed the biggest gain overnight: +13.2%.

🟢 BTC - $ 30,468.32 (+4.9%)
🟢 ETH - $ 1,896.59 (+6.1%)
🟢 BNB - $ 318.16 (+5.1%)
🟢 XRP - $ 0.402432 (+4.8%)
🟢 ADA - $ 0.518826 (+12.1%)
🟢 SOL - $ 46.34 (+9.2%)
🟢 DOT - $ 10.45 (+10.4%)
🟢 DOGE - $ 0.086156 (+5.5%)
🟢 TRX - $ 0.083370 (+2.8%)
🟢 AVAX - $ 27.59 (+13.2%)

💰Coinbase executives sold $1,2 billion worth of their shares

📊Top executives at cryptocurrency exchange Coinbase sold a total of $1,2 billion worth of shares in the company between its initial public offering (IPO) and February 2022. Among them were the crypto exchange’s CEO Brian Armstrong, co-founder Fred Ehrsam, and top executives Emilie Choi and Surojit Chatterjee, the Wall Street Journal (WSJ) reports. Armstrong still holds a controlling stake of 59,5%.

https://getblock.net/en/news/coinbase-executives-sold-12-billion-worth-of-their-shares

❗️Mike Novogratz called bitcoin the leader of the upcoming rally

🗣Galaxy Digital CEO Mike Novogratz stated that bitcoin will lead the next cryptocurrency rally. In this, he did not predict when exactly the rise in activity and rates on the cryptocurrency market will take place. Novogratz believes that prices will be able to recover once the US Federal Reserve System (Fed) abandons its tight monetary policy.

https://getblock.net/en/news/mike-novogratz-called-bitcoin-the-leader-of-the-upcoming-rally

Bitcoin

Bitcoin showed signs of strength for the first time in the last two weeks. The asset broke through the local downtrend and came close to an important resistance level near $31 000. There are no signs of a reversal yet, but if buyers intercept the initiative, this movement may turn into a full-fledged bounce, which market participants have been expecting for two months.

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/btc-review-dated-30052022

#BTC #Analytics

📢YouTube announced the integration of NFTs

💻YouTube, the largest international video hosting site, plans to integrate NFTs into its platform. In an interview with BlockWorks, YouTube CEO Susan Wojcicki said that the non-fungible tokens will make it easier to identify video authors as well as add another way to monetize content for its creators.

https://getblock.net/en/news/youtube-announced-the-integration-of-nfts

📊Crypto analyst called two promising altcoins in bear market conditions

💡According to cryptocurrency analyst Benjamin Cowen, if digital assets enter a long-term bear market, Binance Coin (BNB) and Chainlink (LINK) altcoins are worth looking at. In this, the analyst noted that altcoins are “very risky” in the current market conditions, and only bitcoin and stablecoin are worth holding until the current environment changes.

https://getblock.net/en/news/crypto-analyst-called-two-promising-altcoins-in-bear-market-conditions

🚀Tether launched USDT stablecoin on the Polygon network

👍Tether Operations Limited has launched the USDT stablecoin on the Polygon blockchain (formerly MATIC). The asset will play an important role in supporting Polygon’s DeFi ecosystem and will become another stablecoin for the more than 8000 teams operating on this network.

https://getblock.net/en/news/tether-launched-usdt-stablecoin-on-the-polygon-network

⬆️LUNA token price raised by 1195% after listing on crypto exchanges

📉On May 28, the Terra 2.0 blockchain was launched with the issuance of new LUNA tokens and the listing of the asset on the crypto exchanges such as Bybit, KuCoin, Gate.io, and Huobi. The initial price on Bybit was $0,5. The LUNA value peaked at $30 (+6000%) shortly after the network’s launch, but then began to drop rapidly and by Monday, May 30, it dropped to $5,97 per 1 LUNA.

https://getblock.net/en/news/luna-token-price-raised-by-1195-after-listing-on-crypto-exchanges

📉️Total value locked in DeFi fell by 47% since the beginning of the year

💵The total TVL in the field of decentralized finance has decreased by 46,5% since the beginning of the year. This is evidenced by the data by the DefiLlama service. The total TVL as of May 30 stands at $110,23 billion. On January 1, 2022, this figure was at the level of $236,65 billion.

https://getblock.net/en/news/total-value-locked-in-defi-fell-by-47-since-the-beginning-of-the-year

📈The audience of cryptocurrency exchanges has increased fivefold over the year. DeRev's Report

📃Analytical service DeRev has released a report on the results of its own research, according to which from March 2020 to April 2022 the number of unique visitors to crypto exchanges increased by 479,7%. Such figures indicate a large influx of new users to the crypto-industry. Statistics from 58 cryptocurrency platforms were analyzed. GetBlock Magazine's editorial team offers a detailed look at the report's data.

https://getblock.net/en/articles/the-audience-of-cryptocurrency-exchanges-has-increased-fivefold-over-the-year-derevs-report

💥 Cryptocurrency exchange rate dynamics 31.05.2022💥

Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Cardano showed the biggest gain overnight: +24.0%;
⬇️ Trone showed the biggest decline: -3.5%.

🟢 BTC - $ 31,692.49(+3.9%)
🟢 ETH - $ 1,980.23 (+4.3%)
🟢 BNB - $ 319.72 (+0.4%)
🟢 XRP - $ 0.426209 (+5.9%)
🟢 ADA - $ 0.644981 (+24.0%)
🟢 SOL - $ 47.37 (+2.0%)
🔴 DOT - $ 10.45 (-0.1%)
🟢 DOGE - $ 0.086675 (+0.6%)
🔴 TRX - $ 0.080417 (-3.5%)
🟢 AVAX - $ 27.62 (+0.1%)

🙌MicroStrategy CEO called bitcoin the most reliable asset

📊MicroStrategy CEO Michael Saylor has stated that he will always buy bitcoin. Such a maximalist approach is based on the fact that a digital asset is a tool for economic empowerment, he added. Saylor called bitcoin “the most certain thing in a very uncertain world” and noted that as soon as he or the company has spare money, he will invest in BTC.

https://getblock.net/en/news/microstrategy-ceo-called-bitcoin-the-most-reliable-asset

Bitcoin

The momentum has brought bitcoin out of the narrow range in which it has been trading for the past two weeks. In the coming days, the asset is likely to correct and test the $31 00 level as support. After that, there are prospects of growth up to $34 000 and higher. This will only happen if buyers dominate the market.

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/btc-review-dated-31052022

#BTC #Analytics

☝Survey: more than 60% of retail investors used borrowed funds to buy cryptocurrencies

📊More than two-thirds of the investors surveyed borrowed money to buy cryptocurrencies. 64% of crypto investors used one or more loans to get the amount they needed. This is evidenced by data from an online survey of 2000 people conducted in autumn 2021 by KIS Finance.

https://getblock.net/en/news/survey-more-than-60-of-retail-investors-used-borrowed-funds-to-buy-cryptocurrencies

📉Interest in NFT decreased by 74% since the beginning of the year

🖼The collapse of the cryptocurrency market has led to a 74% drop in global interest in non-fungible tokens (NFTs) since the beginning of 2022. This is reported by Be[In]Crypto, citing its own research and Google Trends data. In addition, the total monthly sales volumes on major NFT marketplaces fell by 75% to $4 billion in May compared to January. The figure reached an all-time high of $16,54 billion at the beginning of the year. The most popular collections were Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Axie Infinity.

https://getblock.net/en/news/interest-in-nft-decreased-by-74-since-the-beginning-of-the-year

⚡Lightning Network capacity exceeded 3 900 BTC

📈The capacity of the Lightning Network (LN) has reached an all-time high of 3 915,776 BTC ($120 million as of May 30), according to Bitcoin Visuals. On April 18, there was a drop in LN throughput, which fell by 7,7% from 3 687,051 to 3 402,273 BTC in just a week. However, the figure recovered on May 2, reaching 3 718,351 BTC.

https://getblock.net/en/news/lightning-network-capacity-exceeded-3-900-btc

❗Analysts reported Celsius Network’s involvement in Terra’s collapse

⛓Analytics firm Nansen has conducted an investigation, which resulted in a claim that the Celsius Network, a DeFi lending platform, was involved in the collapse of the Terra (LUNA) ecosystem. The experts stressed that the depegging of the TerraUSD (UST) stablecoin from the US dollar cannot be attributed to a single attacker, but rather to the actions of a small number of crypto market players. To do so, the experts analyzed blockchain data between May 7 and May 11.

https://getblock.net/news/analysts-reported-celsius-networks-involvement-in-terras-collapse/

⚠️US regulator warned of potential USDT vulnerability

🗣The Tether (USDT) stablecoin may not be a safe means of storing capital. According to Michael Hsu, the head of the US Office of the Comptroller of the Currency (OCC), without regulation USDT has the same vulnerability as the previously collapsed algorithmic stablecoin TerraUSD (UST).

https://getblock.net/en/news/us-regulator-warned-of-potential-usdt-vulnerability/

📈LUNA token price raised by 2500% after listing on Binance

💰On May 31, at 09:00 Moscow time, the new LUNA token was listed on the Binance crypto exchange. The initial price was about $1. Shortly after the listing, the value of LUNA reached a peak of $25 (+2500%), but then began to drop rapidly and by 09:30 it was down to $8,75 per 1 LUNA.

https://getblock.net/en/news/luna-token-price-raised-by-2500-after-listing-on-binance