📊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
💡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
👍3🔥1
🚀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
👍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
👍2
⬆️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
📉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
👍2🔥1
📉️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 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
👎1🔥1
📈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
📃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
👍2
💥 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%)
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%)
👍2
🙌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
📊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
👍2
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
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
👍2
☝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
📊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
👍3
📉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
🖼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
😁7👍3👏3🤩2
⚡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
📈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
👍5👏4❤3🤩2
❗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/
⛓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/
👍10😁7🥰1
⚠️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/
🗣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/
❤7👍5🎉2
📈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
💰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
👍7😱4🤩4👎3
👜Prada to release its own NFT collection
🖼Italian brand Prada has announced the release of its Timecapsule NFT collection based on the Ethereum fork called Quorum. The project was implemented jointly with artist Cassius Hirst and blockchain consortium Aura.
https://getblock.net/en/news/prada-to-release-its-own-nft-collection
🖼Italian brand Prada has announced the release of its Timecapsule NFT collection based on the Ethereum fork called Quorum. The project was implemented jointly with artist Cassius Hirst and blockchain consortium Aura.
https://getblock.net/en/news/prada-to-release-its-own-nft-collection
👍4❤3🤩3
💡Insider: Terraform Labs CEO develops new stablecoin on Terra 2.0
💻Terraform Labs (TFL) founder Do Kwon is working on a new algorithmic stablecoin on the Terra 2.0 blockchain. This was reported on Twitter by Terra Research Forum user FatMan, citing “a verified insider” close to TFL.
https://getblock.net/en/news/insider-terraform-labs-ceo-develops-new-stablecoin-on-terra-20
💻Terraform Labs (TFL) founder Do Kwon is working on a new algorithmic stablecoin on the Terra 2.0 blockchain. This was reported on Twitter by Terra Research Forum user FatMan, citing “a verified insider” close to TFL.
https://getblock.net/en/news/insider-terraform-labs-ceo-develops-new-stablecoin-on-terra-20
👍6👏4
👾Mirror Protocol app on the old Terra blockchain lost $92 million in hacks
💸Mirror Protocol, a decentralized application (dApp), faced two major attacks that resulted in a loss of $92 million. The first attack, as reported by Terra Research Forum user FatMan, occurred in the fall of 2021 and the second in May this year.
https://getblock.net/en/news/mirror-protocol-app-on-the-old-terra-blockchain-lost-92-million-in-hacks/
💸Mirror Protocol, a decentralized application (dApp), faced two major attacks that resulted in a loss of $92 million. The first attack, as reported by Terra Research Forum user FatMan, occurred in the fall of 2021 and the second in May this year.
https://getblock.net/en/news/mirror-protocol-app-on-the-old-terra-blockchain-lost-92-million-in-hacks/
😁3
⚖️Moscow court seized the crypto wallet of the alleged administrator of the Hydra darknet marketplace
🇷🇺A Moscow court has seized the cryptocurrency wallet of the alleged administrator of the Hydra darknet marketplace, Dmitry Pavlov. The suspect stated that he is cooperating with the investigation, but he refused to provide login details for the wallet, according to the Mash Telegram channel. The investigation suggests that there may be hundreds of millions of dollars worth of bitcoins on the blocked address.
https://getblock.net/en/news/moscow-court-seized-the-crypto-wallet-of-the-alleged-administrator-of-the-hydra-darknet-marketplace
🇷🇺A Moscow court has seized the cryptocurrency wallet of the alleged administrator of the Hydra darknet marketplace, Dmitry Pavlov. The suspect stated that he is cooperating with the investigation, but he refused to provide login details for the wallet, according to the Mash Telegram channel. The investigation suggests that there may be hundreds of millions of dollars worth of bitcoins on the blocked address.
https://getblock.net/en/news/moscow-court-seized-the-crypto-wallet-of-the-alleged-administrator-of-the-hydra-darknet-marketplace
👍2
📝Russian bankers discussed draft law on crypto regulation with Finance Ministry
🏦The Association of Russian Banks (ARB) has discussed with the Ministry of Finance the draft law on the regulation of cryptocurrencies. During the meeting, the issues of setting areas of responsibility for financial institutions and other market participants were considered, the ARB’s press service reports.
https://getblock.net/en/news/russian-bankers-discussed-draft-law-on-crypto-regulation-with-finance-ministry
🏦The Association of Russian Banks (ARB) has discussed with the Ministry of Finance the draft law on the regulation of cryptocurrencies. During the meeting, the issues of setting areas of responsibility for financial institutions and other market participants were considered, the ARB’s press service reports.
https://getblock.net/en/news/russian-bankers-discussed-draft-law-on-crypto-regulation-with-finance-ministry
👍2
💳️Mastercard CEO: national cryptocurrencies will be able to replace SWIFT
🗣Mastercard CEO Michael Miebach has said that the SWIFT cross-border payment system may be replaced by central bank digital currencies (CBDCs). At the World Economic Forum in Davos, Miebach was the only one to respond in the negative to a question about the viability of SWIFT, CoinDesk reports. In his view, the system of cross-border payment may cease to exist in 5 years.
https://getblock.net/en/news/mastercard-ceo-national-cryptocurrencies-will-be-able-to-replace-swift
🗣Mastercard CEO Michael Miebach has said that the SWIFT cross-border payment system may be replaced by central bank digital currencies (CBDCs). At the World Economic Forum in Davos, Miebach was the only one to respond in the negative to a question about the viability of SWIFT, CoinDesk reports. In his view, the system of cross-border payment may cease to exist in 5 years.
https://getblock.net/en/news/mastercard-ceo-national-cryptocurrencies-will-be-able-to-replace-swift
🔥3
💥 Cryptocurrency price dynamics 01.06.2022💥
Almost all crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Tron showed the biggest gain overnight: +3.4%;
⬇️ Avalanche showed the biggest decrease: -7.2%.
🔴 BTC - $ 31,649.68 (-0.1%)
🔴 ETH - $ 1,936.95 (-2.2%)
🔴 BNB - $ 318.17 (-0.3%)
🔴 ADA - $ 0.603956 (-7.0%)
🔴 XRP - $ 0.421559 (-0.9%)
🔴 SOL - $ 44.81 (-5.6%)
🔴 DOGE - $ 0.080988 (-2.6%)
🔴 DOT - $ 10.33 (-1.3%)
🟢 TRX - $ 0.083148 (+3.4%)
🔴 AVAX - $ 25.64 (-7.2%)
Almost all crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Tron showed the biggest gain overnight: +3.4%;
⬇️ Avalanche showed the biggest decrease: -7.2%.
🔴 BTC - $ 31,649.68 (-0.1%)
🔴 ETH - $ 1,936.95 (-2.2%)
🔴 BNB - $ 318.17 (-0.3%)
🔴 ADA - $ 0.603956 (-7.0%)
🔴 XRP - $ 0.421559 (-0.9%)
🔴 SOL - $ 44.81 (-5.6%)
🔴 DOGE - $ 0.080988 (-2.6%)
🔴 DOT - $ 10.33 (-1.3%)
🟢 TRX - $ 0.083148 (+3.4%)
🔴 AVAX - $ 25.64 (-7.2%)