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OKX, LBank, and MEXC crypto exchanges to list the Optimism governance token

📊On May 31, OKX, LBank, and MEXC exchanges announced the listing of the Optimism (OP) project governance token. Trading will begin in the OP/USDT pair when the liquidity is met, according to representatives of the cryptocurrency exchanges. The Optimism team has not yet specified listing details.

https://getblock.net/en/news/okx-lbank-and-mexc-crypto-exchanges-to-list-the-optimism-governance-token
💻Ethereum developers will test blockchain transition to PoS

📢The Ethereum team will conduct a blockchain merge on the Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms of the Ropsten test network. This was announced on Twitter by developer Tim Beiko. He added that the release of the “Merge” upgrade, after which Ethereum will switch to PoS, is expected around June 8.

https://getblock.net/en/news/ethereum-developers-will-test-blockchain-transition-to-pos
️BTC TOP founder predicts a rebound of the crypto market once Ethereum 2.0 is released

🤔Jiang Zhuoer, the founder of the Chinese mining pool BTC TOP, suggested that the bearish trend in the cryptocurrency market will end by the end of 2022, simultaneously with the transition of the Ethereum blockchain to the Proof-of-Stake (PoS) consensus algorithm. He also believes that Ethereum will be the leader in the next bull market after the upgrade.

https://getblock.net/en/news/btc-top-founder-predicts-a-rebound-of-the-crypto-market-once-ethereum-20-is-released/
👤Dogecoin co-founder spoke about “true” creators of the meme cryptocurrency

💭Billy Marcus, co-founder and former developer of the meme cryptocurrency Dogecoin (DOGE), joked on his Twitter that bitcoin developers were behind writing most of the project’s code. The joke itself comes after Elon Musk accused another Dogecoin developer, Jackson Palmer, of not writing a single line of code for the blockchain.

https://getblock.net/en/news/dogecoin-co-founder-spoke-about-true-creators-of-the-meme-cryptocurrency
🤖Sophia the Robot released her own NFT collection

🖼Sophia the Robot has released its own NFT collection called Baby Singularities of 10 different tokens generated by artificial intelligence. NFT holders will have access to Sophia’s Discord channel. Also, the project denoscription on the OpenSea NFT marketplace says that there will soon be a new Sophia’s Age of Singularities (SAOS) metaverse for AI training.

https://getblock.net/en/news/sophia-the-robot-released-her-own-nft-collection
🚀Terra 2.0 blockchain launch. Full timeline of the project's revival

📃GetBlock Magazine's editors continue to monitor the events surrounding the recovery of the Terra ecosystem

https://getblock.net/en/articles/terra-20-blockchain-launch-full-timeline-of-the-projects-revival
💥 Cryptocurrency rate dynamics 02.06.2022💥

All crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -12.2%.

🔴 BTC - $29,819.16 (-5.7%)
🔴 ETH - $ 1,821.39 (-5.9%)
🔴 BNB - $ 302.71 (-4.8%)
🔴 XRP - $ 0.393834 (-6.7%)
🔴 ADA - $ 0.565347 (-6.4%)
🔴 SOL - $ 39.30 (-12.2%)
🔴 DOGE - $ 0.081262 (-5.8%)
🔴 DOT - $9.46 (-8.5%)
🔴 TRX - $ 0.082373 (-0.7%)
🔴 AVAX - $ 23.36 (-8.8%)
💡BNB Chain announces an increase in network decentralization

🗣The BNB Chain blockchain team has unveiled a new project roadmap. According to the developers’ plans, the network will become more decentralized. This year, the BNB Beacon Chain source code will be opened and the number of validators on the BNB Beacon Chain and BNB Smart Chain networks will increase from 21 to 41. The team is also working to improve transaction speeds and reduce fees. A new, more “competitive” consensus system will be implemented that will improve the chances of small validators getting rewards.

https://getblock.net/en/news/bnb-chain-announces-an-increase-in-network-decentralization
Bitcoin

The bitcoin rate did not stay above $31 000 and returned to the $28 500-31 000 range. The most likely scenario is the movement of the asset’s price in this range for some time to accumulate volumes. Then another momentum may follow. At the moment, bitcoin is supported by the $29 000 level.

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-02062022

#BTC #Analytics
CEO of Soros Fund Management says Ethereum is superior to bitcoin

💭Soros Fund Management CEO Dawn Fitzpatrick believes that Ethereumwill become more popular compared to bitcoin. This is due to the upcoming “The Merge” upgrade, which will see the Ethereum network switch from the Proof-of-Work (PoW) consensus algorithm to Proof-of-Stake (PoS). According to Fitzpatrick, the issue of climate change is attracting more and more attention from the crypto community, and against this backdrop, the energy intensity of the first cryptocurrency may have a negative impact on attitudes towards it.

https://getblock.net/en/news/ceo-of-soros-fund-management-says-ethereum-is-superior-to-bitcoin
📈FTX surpasses Coinbase in bitcoin trading volume

📊In May, cryptocurrency exchange FTX surpassed Coinbase for the first time ever in terms of BTC trading volume. Over the past 18 months, FTX’s global bitcoin trading market share has increased from 5% to 44%. Coinbase’s market share is at 30%. This data is provided in a weekly report by market data provider Kaiko.

https://getblock.net/en/news/ftx-surpasses-coinbase-in-bitcoin-trading-volume/
💸CoinShares lost more than $21 million from Terra’s collapse

📉CoinShares, a digital asset management company, has suffered losses as a result of the collapse of the Terra ecosystem and the TerraUSD (UST) algorithmic stablecoin. The total loss amounted to £17 million ($21,4 million at the exchange rate on 1 June). In a May 31 CoinShares report, chief executive Jean-Marie Mognetti called the event “a humbling lesson.”

https://getblock.net/en/news/coinshares-lost-more-than-21-million-from-terras-collapse
💡Analyst called five altcoins with high growth potential

🗣Crypto analyst Austin Arnold has called five altcoins that have high growth potential despite the current bear market. Also in his YouTube video, Arnold outlined five criteria that help him identify promising assets. In his view, a project must be well-funded, managed by a team of professionals, have strategic relationships with other companies, be used to solve real-world problems in which blockchain is needed, and be constantly evolving. The analyst cited Cardano, Avalanche, Litecoin, Chainlink, and Optimism as such altcoins.

https://getblock.net/en/news/analyst-called-five-altcoins-with-high-growth-potential
Large miners started selling bitcoins to cover mining expenses

📈The flow of large miners to crypto exchanges has peaked since January 2022. According to a report by the mining company Compass Mining, cryptocurrency mining has become less profitable and its participants have started selling their assets on the open market to cover power expenses.

https://getblock.net/en/news/large-miners-started-selling-bitcoins-to-cover-mining-expenses
🚫Solana network halted its operation for four hours due to bug

🌐On June 1, the developers of the Solana (SOL) blockchain halted the network operation for four hours. Validators began restarting the network only after disabling the so-called “durable nonce transactions” that caused the validation failure, CoinDesk reports, citing Solana Labs Communications Chief Austin Federa. These transfers will remain unavailable until the developers identify and fix the cause of the failure.

https://getblock.net/en/news/solana-network-halted-its-operation-for-four-hours-due-to-bug
📢 Former BitMEX chief said bitcoin and Ethereum reached local bottom

💵Arthur Hayes, the former co-founder of cryptocurrency exchange BitMEX, said that bitcoin and Ethereum rates have already reached a local bottom. In his essay, Hayes traced the major price cycles of the major cryptocurrencies and concluded that the rate of BTC will not fall below $25 000 and ETH — $1 700. In his view, the market recovery should be expected when the US Federal Reserve System (Fed) stops raising its key rate.

https://getblock.net/en/news/former-bitmex-chief-said-bitcoin-and-ethereum-reached-local-bottom
 Oman will start using associated gas for bitcoin mining

Generators and equipment for bitcoin mining will be deployed in the Omani capital, Muscat. The new farm will use associated petroleum gas (APG) in order to reduce its emissions.

https://getblock.net/en/news/oman-will-start-using-associated-gas-for-bitcoin-mining
🖼Kanye West applied to register an NFT project

🎙On May 27, American musician, producer, and fashion designer Kanye West has filed 17 trademark applications related to his brand YEEZUS. Trademarks are envisaged including for West’s projects in the field of cryptocurrencies and NFT. This was announced on Twitter by intellectual property lawyer Josh Gerben.

https://getblock.net/en/news/kanye-west-applied-to-register-an-nft-project/
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📈Crypto community predicted Cardano price to rise above $1

💰The token price of the Cardano (ADA) blockchain may surpass $1 by the end of June. The rise in value may be influenced by the conducting of the Vasil hard fork, which will bring significant improvements to the operation of the blockchain. The predictions are based on the results of a CoinMarketCap survey conducted among members of the crypto community.

https://getblock.net/en/news/crypto-community-predicted-cardano-price-to-rise-above-1
💥 Cryptocurrency rate dynamics 03.06.2022💥

All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Solana: +4.7% showed the biggest increase overnight.

🟢 BTC - $ 30,541.89 (+2.2%)
🟢 ETH - $ 1,825.38 (+0.3%)
🟢 BNB - $ 307.56 (+1.6%)
🟢 ADA - $ 0.592305 (+4.6%)
🟢 XRP - $ 0.408493 (+3.7%)
🟢 SOL - $ 40.99 (+4.7%)
🟢 DOT - $ 9.87 (+4.4%)
🟢 DOGE - $ 0.082809 (+2.1%)
🟢 TRX - $ 0.085440 (+3.7%)
🟢 AVAX - $ 24.19 (+3.6%)
US DOJ accused ex-OpenSea employee of insider trading

🇺🇸US police have arrested a former product manager of the OpenSea NFT marketplace Nathaniel Chastain in connection with insider trading charges. According to the Department of Justice (DOJ), Chastain, having confidential information, bought dozens of tokens in advance of their listing on the platform’s homepage and then sold them at increased prices.

https://getblock.net/en/news/us-doj-accused-ex-opensea-employee-of-insider-tradingс