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πŸ“Š Bitcoin still correlates pretty closely with the major stock indices S&P500 and NASDAQ100

With this correlation, will crypto investors' bet that BTC will serve as a safe haven in the event of a new global economic crisis work? πŸ€”

Lark Davis Chart.
⚑️Luna Foundation is probably ready for more BTC purchases

Yesterday $183 million in USDT was transferred from their wallet to the FTX exchange, and Do Kwon posted a message that he was feeling "nice" and might be "going shopping" soon
πŸ“‰ Arthur Hayes thinks the crypto market will fall - Bitcoin could drop to $30,000 and Ethereum to $2,500 by the end of Q2.

The former CEO of the BitMEX exchange said he is ready to "buy back BTC and ETH after the June 2022 crash."

Hayes clarified that his prediction may not work, but the increased correlation between the cryptocurrency and traditional market hints at just such an outcome.
Gemini's top manager thinks regulation will benefit the crypto industry

Noah Perlman, Gemini's chief operating officer, disagrees with the widespread opinion that regulation harms the development of the crypto industry.

Gemini's representative believes that regulatory compliance legitimizes the industry and is an advantage for those who comply with them to compete.

Perlman says Gemini engages in a dialogue with regulators, seeking consensus. He is confident that everyone will benefit from this strategy.
⚑️Elon Musk said he was willing to buy 100 percent of Twitter at $54.2 per share (that's about $42 billion), 20 percent more than the price they were worth at the close of last week's trading

The company's shares rose 12 percent after the announcement.
According to PCGamer, Ultima Online creator Richard Garriott and Todd Porter are planning a multiplayer NFT game. The developers believe that "there are no exciting projects" in that area and they are willing to fix it.

Interestingly, there was a secondary market for game items in Ultima Online back in 1997. According to them, NFT will only contribute to a better implementation of this idea.

Most likely, we are waiting for a modern rethinking of the legendary Ultima, based on the blockchain.
πŸ—“ Nice example of how a supposedly bearish "flag" can work upwards

Comparison of 2009 GOOGLE chart and today's BTC chart

No hurry to bury the bitcoin

TAnalyst chart
❗️Virginia's new law will allow state banks to hold cryptocurrency

Virginia Governor Glenn Youngkin has approved a bill to allow the state's banks to provide custody services for "virtual currency."

The law will take effect July 1. It would allow banks to hold the keys to someone's cryptocurrency wallet. Banks would have to have "adequate protocols" and "carefully consider the risks," the bill says.

Another small step toward adopting a digital economy in the U.S.
πŸ“Š Market bottom for bitcoin has not been reached yet

In the previous two epochs, there were 540 and 518 days between the bottom and the next halving respectively, which also corresponded to the RSI bottom

This cycle may bottom the RSI 525 days before the next halving, which is now 734 days away

If Kevin Swanson’s calculations are correct, then we could be looking at another 6-7 months of sawing your nerves and money
⚑️ CEO of Binance says that everyone will be surprised - Russia will legalize cryptocurrencies as a means of payment.

Maybe he's just kidding 😁
⚑️ CEO of Binance says that everyone will be surprised - Russia will legalize cryptocurrencies as a means of payment.

Maybe he's just kidding 😁
πŸ–₯ Podcast host Carly Reilly revealed her Zoom today, which featured three cryptopunks at once, totaling about $1 million

Don't try to explain to your mom what's going on here πŸ˜…
πŸ—“Plan B trader guesses bitcoin's fall to its realized value level ($24500) is now unlikely

The three strongest bull capitulations occurred only against the backdrop of clear "black swans" - the BSV fork in 2018 (the so-called "hash war"), and the hacking of the Bitstamp (2014) and MtGox (2011) exchanges

No such threats are visible now
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Gemini Exchange has launched a cryptocurrency card with cashback

The Gemini Credit Card demonstrated in the video supports more than 60 cryptocurrencies in receiving a cashback when paying.

It's very simple - when the card user makes a purchase, the cashback is converted into cryptocurrency - 3% for dinner, 2% for groceries and 1% for other purchases.

As is often the case, in the beginning the card is only available in the U.S.
πŸ—“Writer and investor Robert Kiyosaki recommends buying gold, silver and bitcoin

"NO CURE for STUPIDITY: WORLD led by highly educated stupid people. FED, Treasury, Banks, Wall Street, government, politicians have put world in most dangerous financial condition in history. Why go to school when highly educated idiots are running the world?"
πŸ“‰Ethereum doesn't look fine and remains under pressure

The previous accumulation was at a steeper angle and was still broken down. Now the consolidation looks even more gentle, indicating weakness in buyers
The Tehran Times reports that Iranian authorities have increased penalties for mining with subsidized electricity in the form of increased fines, as well as imprisonment if the offense is repeated.

πŸ’¬"Any use of subsidized electricity for households, industrial, agricultural and commercial subscribers for mining cryptocurrencies is prohibited," the Energy Ministry said.

According to officials, the operation of such illegal farms creates problems with the supply of electricity to other users and contributes to wear and tear on the power grid.
πŸ“ŠTop 10 networks by address activity in the last week

Solana, BSC, Ethereum, Polygon, Ronin, Avalanche, Fantom, Terra, Arbitrum, Celo, Optimism

Nansen Infographics
πŸͺ₯LISTERINE (a Johnson & Johnson brand) filed trademark applications for NFT

The directions are virtual mouthwash (😁), chewing gum + mints, and online stores with virtual merchandise

That sounds interesting, though it's not entirely clear.
πŸ—“Documenting Bitcoin reminds Forbes of how they "trashed" personal computers in 1999 with the same environmental arguments they use today to appeal to bitcoin's problems

No one questions the usefulness of computers today. Let's give the market a little more time for global acceptance of crypto