🏛 US Court Grants Approval for Terraform Labs Wind-Down

🕵️ A US court has officially approved the wind-down of Terraform Labs, following the LUNA collapse.

$LUNA

In its long-running rivalry with Ethereum, Solana has enlisted a surprising new ally — PayPal.
The online payments pioneer has agreed to add its stablecoin, PYUSD, to the Solana blockchain network, the two companies said on Wednesday.
While PayPal already makes its stablecoin available on Ethereum, the development bolsters Solana’s credibility in the colossal payments processing space. The market is worth $2.6 trillion and is expected to grow to almost $5 trillion by 2029.
$SOL $OP $LTC #altcoins

Starting from June 12, Telegram will launch a new internal cryptocurrency called Stars. This virtual currency will be used for transactions on Telegram’s bot apps and mini-apps.#BinanceLaunchpool $TRX $EGLD

Kabosu, the beloved Shiba Inu who unintentionally became the symbol of Dogecoin and inspired numerous other memecoins, passed away on May 24th, leaving an indelible mark on the hearts of his adoring community. On May 24th, the owner of the famous Shiba Inu, Kabosu, confirmed that the beloved dog had passed away after 17 years of being cherished in Japan.
The meme photo of Kabosu went viral on the internet in 2013, becoming one of the earliest symbols of meme culture. Since then, Kabosu has not only been widely recognized but also became the inspiration for the creation of Dogecoin (DOGE), one of the pioneering memecoins.
Dogecoin’s subsequent success paved the way for the emergence of numerous other dog-themed memecoins like Shiba Inu (SHIB) and Floki (FLOKI), which have now become an integral part of the cryptocurrency market.

A memorial service for Kabosu will be held on Sunday, May 26th, at Narita City Park in Japan.$DOGE $ORDI $GLM

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The list of Crypto currency I am closely monitoring and analyzing:

1.Defi
a. YFI
b. OM

2. Metaverse
a. AXS

3. NFT
a. GALA
b. ILV

4. RWA
a. GFI

5. Meme
a. WIF

6. ETH 2.0 staking
a. MSN

7. Blast Eco
a. JUICE

DYOR
#BTC
#BitcoinETFs

#ScamRiskWarning #BTC Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).

Cosmos is a decentralised network that provides open-source tools for developers to create their own interoperable blockchains, with ATOM being its native token. It has garnered attention from developers, enterprises and blockchain enthusiasts as it aims to provide a scalable, secure and interconnected ecosystem for decentralised applications (dApps) and services.  

Polkadot is a protocol that connects blockchains, allowing value and data to be sent across previously incompatible blockchain networks. It empowers developers to create customised blockchains, known as parachains, tailored to their specific needs and unlocks new possibilities for dApps and services.
$ATOM $DOT $LUNC

$CHZ $QTUM $MKR #altcoins  A hard fork refers to a major software upgrade that splits a certain blockchain network into two separate chains. It is meant to implement major changes that are not backward-compatible.  Last month, the Shiba Inu team stated that the hard fork was necessary in order to unlock "next-level capabilities" on the Shiba Inu network. The transformative upgrade was necessary in order to deliver new value and simplify engagement with the help of the Shibarium blockchain.The new hard fork is supposed to bring "blazing-fast" transactions as well as "predictable" gas fees.#BullorBear

#ScamRiskWarning The Nigerian Court, on Thursday morning adjourned the case against Binance and its two executives to May 17.
The case borders on Money laundering and Tax evasion. Other concerns by the government include allegations of manipulation of the local currency by peer-to-peer traders on the platform.
According to Reuters, Binance and its executives named Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan Citizen who is the regional manager for Africa are facing money laundering charges to the tune of $35 million and dealing in specialized financial activities without a license.
#buythedip
$TRX $AAVE $HBAR

Dogecoin Will See New Highs
Dogecoin is showing its classic pattern once again! DOGE is currently consolidating after breaking out from a descending triangle.
However, with its current price at $0.13, the bottom could be in for DOGE, allowing a longer-term uptrend to resume.
Dogecoin’s current price marks a retest of its support from March, presenting a perfect reversal opportunity. This is amplified by the RSI indicator being in the oversold region, reflecting that sellers are exhausted.
#BTC #ScamRiskWarning
$DOGE $DOT $FLOW

An assessment of ETH’s network activity using a 30-day average confirmed a decrease in demand for the altcoin over the last month. According to data from Santiment, the number of daily addresses involved in at least one ETH transaction last month decreased by 7%. Similarly, the number of new addresses created for ETH decreased last month. On-chain data shows that this number has decreased by 10% in the past 30 days.
$SHIB $STX $FIL #BTC #BullorBear

Ethereum (ETH) recently crossed above the 20-day simple moving average (SMA), which could lead to a deeper decline in the short term. When the price of an asset goes below the 20-day SMA, this usually indicates that the short-term trend of that asset is bearish. Traders often take this as a sign that sellers are in control and the price may continue to fall.#bitcoin #BullorBear $ETH $NEAR $DOGE #altcoins

Some investors are closely monitoring Bitcoin’s movements to gauge the impact on the liquidity dynamics of other assets. Bitcoin prices have dropped over the past few weeks as the Federal Reserve suggests interest rates may continue to rise in the future. The policy has tightened financial conditions by increasing Treasury yields and the value of the dollar.
In its latest decision, the FOMC decided to maintain interest rates at 5.25% to 5.50%, unchanged from July 2023. Many in the crypto community are expecting a cut from the US Fed. interest rate cut on May 1, which may have boosted stock and cryptocurrency market prices.
#BullorBear
#bitcoin $GALA $GRT $ALGO

NBC News reported that federal prosecutors spoke with a former employee about alleged widespread compliance violations at Square and Cash App, the company’s two main divisions.
Prosecutors want to determine whether the company failed to collect enough customer information to assess risks, whether Square processed transactions involving countries subject to economic sanctions, and whether Block processed cryptocurrency transactions for terrorist groups.
#bitcoin #Memecoins
$MATIC $ADA

The Nigerian CentralBank has requested four fintech companies to pause creating new accounts in a bid to block crypto traders from accessing them.
As per a report from Nigerian news outlet Techcabal, the Central Bank of Nigeria (CBN) has directed four key players in the fintech sector, namely, Moniepoint, Palmpay, Opay, and Kuda, to cease opening new accounts. These companies play a crucial role in facilitating crypto trading in Nigeria.
$KAVA $ATOM $LTC #bitcoin
#BTC
#BullorBear

With anticipation building up for the Federal Reserve’s interest rate announcement scheduled for Wednesday, anxiety has enveloped the market, leading to a surge in the dollar index as investors seek safety. These developments have played a role in the downturn witnessed in the crypto market. As a result, the market seems to be in the state of uncertainty, lacking clear directionality until the interest rate announcement is made.$GRT $OP $DOT #Memecoins #
#bitcoin
#BTC

$TRX $RNDR $UNI
#BinanceLaunchpool #BullorBear

Most of the larger-cap alts have plummeted by double digits on a daily scale. The dire market conditions for all cryptocurrencies continue and have even worsened in the past few hours, as bitcoin dumped to another multi-month low of around $57,000.

The altcoins have followed suit with massive losses, and the total market cap has lost well over $200 billion in the past 36 hours or so.
It’s no surprise that most alternative coins have followed BTC on the way down. Ethereum stood above $3,200 after the Hong Kong spot ETFs went live yesterday but has plummeted by more than $300 since then to under $2,900. Binance Coin lost the $600 level and is now down to $550.

Even more daily losses are evident from SOL, DOGE, TON, SHIB, AVAX, BCH, NEAR, and many others, who have plunged by double digits. The total crypto market cap has slumped to $2.240 trillion. 

$SHIB $PEPE $NEAR
#Memecoins
#BullorBear
After a brief pump, BTC headed straight south again in the past 1-2 hours. This time, the bears pushed it down to just over $57,000 as of now, which is the lowest price tag since February 28. The latest nosedive comes on the heels of the upcoming US FOMC meeting, which is something that typically leads to lots of volatility in the market.