The difference between HODL and trading

Sooner or later everyone starts to grasp it😅

Saddle Finance was hacked for $10 million in Ethereum

DeFi-protocol was subjected to an exploit - the hacker's production amounted to more than $10 million in Ethereum. The project team said it is investigating the incident. Withdrawals from the pools have been suspended. BlockSec, a cybersecurity company, was the first to discover the hack.

Expect news of these funds being redirected to ETH mixers for further laundering.

Absolutely all 55,000 plots of NFT land in Otherside went on sale in three hours

The demand for virtual plots in BAYC's metaverse was so huge that it caused a gas up to 8,000 GWEI! Such an effect was due to the fact that users tried to add their transaction to the blockchain before anyone else, increasing the commission in the process.

The most desperate paid $4,000-$10,000 per transaction. In total, users paid $172 million in commissions.

Vitalik Buterin criticized sanctions against Russians

The reason for publicly expressing his attitude to the sanctions imposed on Russian citizens amid the escalating conflict between Russia and Ukraine was the publication of news about the halt in the issuance of visas to Russians in the Netherlands.

"Be careful with this [decision to stop issuing visas]. 22 years ago, my family and I were the same Russians who received a visa from a Western country. This gave my father the opportunity to start a good business, and I got the opportunity to grow up without the influence of the ideology of ‘zombies," Vitalik Buterin noted.

One online commenter pointed out that many Russians staying in Europe are too active in expressing their support for the rhetoric of the Russian authorities.

Vitalik Buterin advised responding to such people by trying to show their children an alternative point of view of what is happening.

Elon Musk is pumping not only Dogecoin - APE is next in line.

The billionaire updated his Twitter avatar, changing it to an image with the NFT Bored Ape Yacht Club series.

The APE token soared 20%, but as to the writing, it has almost lost all of its profits.

🛍 Gucci to begin accepting cryptocurrencies in select U.S. stores at the end of May

The brand will handle more than 10 cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Shiba Inu, Dogecoin and five Stablecoins

Cryptopayments to be made with a QR code link sent to the customer via email

🍟 In the city of Long Beach, California, you can try these burgers and fries

Terms - you have to be bored, you have to be hungry, and you have to be an NFT fan from BAYC 😋

🏦 7 out of 10 central banks consider it likely or possible to issue retail CBDCs in the short or medium term

Data from the Bank for International Settlements (BIS)

The developers of Shiba Inu have launched a metaverse. You can buy land with SHIB

SHIB token holders can now buy virtual land in the SHIB: The Metaverse.

You can buy land for ~$560, $840, $1400 and $2800 in cryptocurrency.

The creators of SHIB: The Metaverse assure that they are developing an "immersive experience" allowing you to explore, interact with, and earn from the Shiba Inu universe.

What features the new world offers remains unclear. Also, the developers have not explained exactly how they plan to develop the project.

⚡️The market is not cheerful...

The fall continues, for a day the first cryptocurrency lost almost 8% of its value. Momentarily, the price fell below $36 thousand.

The capitalization of the whole market fell by almost $120 billion.

💥Trading volumes in the NFT market are down more than 90%

This week, sales fell to an average of 19,000 per day, down 92% from a peak of 225,000. The number of active wallets fell 88% to 14,000 from a high of 119,000 in November.

Is this a sunset or the calm before a new storm? 🧐

The game from Binance, where you had to press the reset button last to get 1 BTC, ended

Each participant had one try, in total 1.14 million people took part in the game. Great performance from the leading cryptocurrency exchange.

New info on Telegram premium subscriptions!

What's coming:

- There will be a special badge next to the nickname.
- More animated stickers with full screen animation.
- Additional reactions.

More:

Increased limits - you can save more gifs, more favorite stickers can be made, more chats can be pinned, and stuff like that.

One of the most useful innovations ability to pin chats - now they can be pinned only 5, but it will be possible to do - 10, for this respect.

💸 While the media are all over the place with headlines about "another crypto market crash," we can recall that such history repeats itself all the time:

- 2014: "Bitcoin falls below $400."
- 2018: "Bitcoin falls below $4000."
- 2022: "Bitcoin falls below $40,000"
- 2026: "Bitcoin Drops Below $Come Your Own"

📊4 phases the market can experience

Phases are cyclical, so a proper understanding of the current state of the market can help you properly determine your tactics and strategy

⏳The Ethereum mining speed rose to a 5-year high

The interval between the creation of new blocks has decreased to 10.917 seconds. The previous 5-year high of block formation speed was recorded on January 30, 2022 (10.954 seconds)

Glassnode data

BTC fell below $34,000. The rest of the market is also in the red

Bearish sentiment in the market has been held since late March. At the end of April, bitcoin lost more than $10,000, closing the month below the key $40,000.

Over the past week, the price has sagged even lower, and bitcoin is currently trading around $33,500.

Most altcoins have fallen in value even more than BTC. The total capitalization of the crypto market has dropped to $1.5 trillion.

Fear and Greed Index 11 is extreme fear.

Binance warned about fake ads in Turkey

The Turkish division of the cryptocurrency exchange warned investors about the spread of fake ads on street billboards in the country.

"For a while, billboards similar to the image below have been striking in different regions of Turkey [...and] has nothing to do with Binance!" Binance TR representatives said.

They stressed that the information on the billboards has nothing to do with Binance.

📊 Web traffic to cryptocurrency exchanges dropped to 317 million visits in April

That's down -11.9% from March

Data from The Block.

😁 A moment of self-irony from Michael Saylor, one of bitcoin's biggest hodlers

"Monday morning is time to get back to work."