👾Hacker-affected sidechain Ronin Network to be restarted in June

🔄The developers of the Ronin Network sidechain, used by the Axie Infinity blockchain game, have announced preparations to restart the network following a hacking attack that resulted in the theft of more than $625 million. The bridge will be opened on June 23, if the project’s team fails to meet that deadline, the opening will be pushed back to June 28. According to the developers’ report, they are currently focusing on making minor suggestions aimed at improving security.

https://getblock.net/en/news/hacker-affected-sidechain-ronin-network-to-be-restarted-in-june

🇬🇧Tether to launch stablecoin pegged to the British pound

📢Tether has announced the launch of a stablecoin, GBPT, pegged to the British pound sterling at a 1:1 ratio. According to a statement on the company’s blog, the launch of the new token is scheduled for early July. The asset will initially be available on the Ethereum network. GBPT will become Tether’s fifth fiat-pegged stablecoin after USDT (US dollar), EURT (euro), CNHT (yuan), and MXNT (Mexican peso).

https://getblock.net/en/news/tether-to-launch-stablecoin-pegged-to-the-british-pound

🚀Bored Ape Yacht Club to release NFT collection in association with Rolling Stone

🤝The NFT project Bored Ape Yacht Club (BAYC) has entered into a partnership with the US magazine Rolling Stone, under which the parties will issue a collection of two non-fungible tokens, one BAYC and one MAYC (Mutant Ape Yacht Club). NFTs will be auctioned on June 22, at 09:00 ET (13:00 UCT), and can be purchased for ApeCoin (APE) tokens.

https://getblock.net/en/news/bored-ape-yacht-club-to-release-nft-collection-in-association-with-rolling-stone

🦄Uniswap Labs bought NFT marketplace aggregator Genie

💰Uniswap Labs, the company that developed the Uniswap decentralized exchange (DEX), has announced the purchase of Genie, an NFT marketplace aggregator. The integration of NFTs into Uniswap’s web app, as well as the exchange’s APIs and developer widgets, will take place in the fall of 2022 and will allow the platform’s customers to trade non-fungible tokens on all major marketplaces.

https://getblock.net/en/news/uniswap-labs-bought-nft-marketplace-aggregator-genie

🇫🇷French Postal Service launched its NFT collection

📧The French postal organization Groupe La Poste released an NFT collection. The non-fungible tokens are listed on the marketplace of the cryptocurrency exchange Binance, Binance NFT. The collection is based on a joint project between Groupe La Poste and activist, journalist and photographer Yann Arthus-Bertrand called Visages de France par les facteurs (“Faces of France through the eyes of postmen”). The auction on Binance NFT will run until June 27, with all proceeds donated to the humanitarian organization Red Cross.

https://getblock.net/en/news/french-postal-service-launched-its-nft-collection

💥 Cryptocurrency price dynamics 23.06.2022💥

Most of the crypto-assets in the top 10 by market capitalization are in the "green zone" today:
⬆️ Solana: +3.4% showed the biggest increase overnight;
⬇️ the biggest drop was - Tron: -1.5%.

🔴 BTC - $ 20,337.56 (-0.6%)
🔴 ETH - $ 1,085.24 (-1.3%)
🟢 BNB - $ 220.74 (+1.7%)
🟢 ADA - $ 0.471116 (+0.1%)
🟢 XRP - $ 0.326227 (+0.3%)
🟢 SOL - $ 35.98 (+3.4%)
🟢 DOT - $ 7.60 (+0.5%)
🔴 DOGE - $ 0.063706 (-0.2%)
🟢 SHIB - $ 0.00001005 (+2.8%)
🔴 TRX - $ 0.064036 (-1.5%)

❌SEC Commissioner opposed support for crypto companies amid market downturn

💭US Securities and Exchange Commission (SEC) Commissioner Hester Peirce believes that the collapse of the digital assets market will reveal companies that are sustainable in the long term and create a solid foundation for the industry in the future. She spoke out against supporting crypto companies in the current environment, particularly highlighting those that have “eschewed mainstream risk management principles.” In an interview with Forbes, the commissioner also advised investors to be critical of projects that promise high and steady income.

https://getblock.net/en/news/sec-commissioner-opposed-support-for-crypto-companies-amid-market-downturn

Bitcoin

On the hourly timeframe, a similar situation as before in May can be seen. Bitcoin momentarily went below the support level at $19 500 and then came back above that level and is now trading sideways. Similar to the last such period, it can be assumed that the breakout from the current sideways will also go downwards to the level of $12 000.

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.

https://getblock.net/en/market-analysis/btc-review-dated-23062022

#BTC #Analytics

📉Analyst Gareth Soloway allowed the possibility of the bitcoin rate to fall below $10 000

☝️Gareth Soloway, chief market strategist at InTheMoneyStocks.com, believes bitcoin will face a further correction below $20 000, despite signs of a recovery above that level. In his opinion, the next likely downside target for the asset will be $12 000, but the analyst also allowed for a correction below $10 000.

https://getblock.net/en/news/analyst-gareth-soloway-allowed-the-possibility-of-the-bitcoin-rate-to-fall-below-10-000

💡Analyst Mike McGlone called the reason for the possible rise of bitcoin and gold rates

⬆️Senior commodity strategist for Bloomberg Intelligence Mike McGlone considers possible occurrence of the new deflationary period in the financial sector as a result of which bitcoin and gold can benefit. The analyst explained that a sharp drop in risky assets could turn into a deflationary phase, which would boost the price of BTC, precious metal and US bonds.

https://getblock.net/en/news/analyst-mike-mcglone-called-the-reason-for-the-possible-rise-of-bitcoin-and-gold-rates/

📝 ECB head urged to strengthen the regulation of bitcoin and DeFi

⚡️The head of the European Central Bank (ECB), Christine Lagarde, during a speech in the European Parliament on June 21, demanded stronger regulation of bitcoin and decentralized finance (DeFi). With the digital asset sector growing rapidly, she said, a second regulation similar to the Markets in Crypto-Assets Act (MiCA, Markets in Crypto-Assets) is needed.

https://getblock.net/en/news/ecb-head-urged-to-strengthen-the-regulation-of-bitcoin-and-defi

💰eBay bought NFT marketplace KnownOrigin

🇺🇸US company eBay Inc. has bought NFT-marketplace KnownOrigin. The companies closed a deal on June 22, details of which were not disclosed. The eBay e-commerce platform began providing users with the ability to buy and sell NFTs in May 2021.

https://getblock.net/en/news/ebay-bought-nft-marketplace-knownorigin

🇨🇦Ripple to open its first office in Canada

💼Ripple has announced the opening of its first office in Canada. According to CEO Brad Garlinghouse, the new office in Toronto will become the company’s main engineering hub. Ripple plans to hire more than 50 people for the new office, including scientists in applied machine learning, data processing, and product managers.

https://getblock.net/en/news/ripple-to-open-its-first-office-in-canada

🖼Ledger launched NFT marketplace and service for developers in Web 3.0

💻Ledger has launched its own NFT marketplace, as well as a service platform for enterprises operating in Web 3.0. Ledger Market, a marketplace for trading non-fungible tokens, prioritizes security and transparency to protect against fraud, said the company’s head, Pascal Gauthier. The marketplace has entered into a partnership with LVMH’s Tag Heuer brand and NFT collections DeadFellaz and Brick/Babylon. The platform, Ledger Enterprise Create, will enable companies to scale projects in Web 3.0 and securely move into the NFT space.

https://getblock.net/en/news/ledger-launched-nft-marketplace-and-service-for-developers-in-web-30

🚫Ethereum developers to shut down three testnet after switch to PoS

📢Ethereum developers have announced that the Ropsten, Rinkeby, and Kiln testnets will be closed after the transition of the mainnet to the Proof-of-Stake (PoS) consensus algorithm. To continue testing, users and developers are advised to migrate as soon as possible to Goerli or Sepolia testnets, which will continue to be upgraded. The Grey Glacier upgrade, which will change the parameters of the “difficulty bomb” is scheduled for block 15 050 000, and is expected to happen on June 29.

https://getblock.net/en/news/ethereum-developers-to-shut-down-three-testnet-after-switch-to-pos

📉Mining profitability declined by 80% since November 2021

⛏Revenue from cryptocurrency mining in June fell by 80% from its November 2021 peaks and returned to the values from two years ago. This was reported on Twitter by Arcane Research analyst Jaran Mellerud. According to him, the old Antminer S9 mining devices are running at a loss. The new Antminer S19, when power costs are included, generates around $13 000 per bitcoin mined at a price of $40 per MWh.

https://getblock.net/en/news/mining-profitability-declined-by-80-since-november-2021

⬇️Crypto companies cut ad spending by 90%

💰Amid the falling rates of bitcoin and most altcoins, as well as tightening regulation, cryptocurrency and blockchain companies are cutting marketing and advertising spending. A number of organizations have reduced advertising budgets by 90%.

https://getblock.net/en/news/crypto-companies-cut-ad-spending-by-90

💡Bank of Russia: digital ruble will replace SWIFT

💭Olga Skorobogatova, First Deputy Governor of the Bank of Russia, said that the implementation of the digital ruble into the domestic financial system and ensuring cross-border interaction with digital currencies of other countries will replace SWIFT amid Russian institutions’ disconnection from this international system.

https://getblock.net/en/news/bank-of-russia-digital-ruble-will-replace-swift

🚫Binance refused loan to hedge fund Three Arrows Capital

💸Cryptocurrency exchange Binance has refused to grant a loan to hedge fund Three Arrows Capital (3AC). Earlier, crypto exchanges FTX, Deribit, and BitMEX liquidated 3AC’s positions as it failed to settle margin calls. The fund reportedly owes BitMEX around $6 million. Binance CEO Changpeng Zhao also added that 3AC was not the first company to approach the exchange for a loan.

https://getblock.net/en/news/binance-refused-loan-to-hedge-fund-three-arrows-capital

✅Coinbase to merge service for professional traders with the main app

📲Cryptocurrency exchange Coinbase will merge the functionality of its Coinbase Pro service for professional traders to the platform’s main app. An upgraded version of the integrated service Advanced Trade will be launched in the exchange’s mobile app in the coming weeks, the company’s representatives said in a blog post.

https://getblock.net/en/news/coinbase-to-merge-service-for-professional-traders-with-the-main-app

😱Elliptic analysts revealed the use of Dogecoin in illicit activities

📃Analytical company Elliptic has published a study that says Dogecoin (DOGE) is widely used in illegal activities. According to the experts, the meme-cryptocurrency is most often involved in fraudulent schemes, particularly in Ponzi schemes. In addition, DOGE is also used in the purchase of illegal content and substances, as well as for terrorism financing.

https://getblock.net/en/news/elliptic-analysts-revealed-the-use-of-dogecoin-in-illicit-activities