News ๐ค | Blokchain (@blokchain) โข Hey
Crypto news alerts, beep...bop for the latest!
Publications
- disney pinnacle
- I think this space DONE
- GM Web 3.0
- NFT
- How about DeFi ?
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[Pepe-Themed โBitcoin Frogsโ Becomes Most Traded NFT Amid Bitcoin Ordinals Hype](https://www.coindesk.com/markets/2023/05/18/pepe-themed-bitcoin-frogs-becomes-most-traded-nft-amid-bitcoin-ordinals-hype/)
Some $2 million worth of NFTs have been exchanged in the past 24 hours.
- Will Doodle be able to recover?
- holy
- ๐คฃ
[Dogecoin-Like Spike in Milady NFTs After Elon Muskโs Tweet, But Will it Last?](https://www.coindesk.com/markets/2023/05/12/dogecoin-like-spike-in-milady-nfts-after-elon-musks-tweet-but-will-it-last/)
Prices of the NFT collection have soared in the past two days.
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[If Bitcoin Canโt Handle a Few JPEGs, How Can It Handle the World?](https://www.coindesk.com/consensus-magazine/2023/05/10/if-bitcoin-cant-handle-a-few-jpegs-how-can-it-handle-the-world/)
Network congestion from ordinals and BRC-20s is a stress test โ and Bitcoin is failing.
- What's happend on FlowChain
- Clone Art
- It's Otter Time
- Nice Work Lens ๐
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[The Reactionary Political Theater of CBDC Bans](https://www.coindesk.com/consensus-magazine/2023/05/04/the-reactionary-political-theater-of-cbdc-bans/)
The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms.
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[Pepecoin Overtakes Dogecoin, Shiba Inu Trading Volumes as Early Buyers Take Profits](https://www.coindesk.com/markets/2023/05/03/pepecoin-overtakes-dogecoin-shiba-inu-trading-volumes-as-early-buyers-take-profits/)
One trader infamously took on a 50% slippage for getting out of their pepe position.
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[Justin Sun to Reverse $56M Binance Transfer After CEO Zhao Warns Against Potential SUI Token Grab](https://www.coindesk.com/markets/2023/05/01/justin-sun-to-reverse-56m-binance-transfer-after-cz-warns-against-potential-sui-token-grab/)
"Binance Launchpool are meant as air drops for our retail users, not just for a few whales," Binance CEO Changpeng Zhao tweeted after Sun transferred $56 million in TUSD to Binance.
- Go with the Flow
- Popular trader and analyst Rekt Capital zoomed out further, eyeing a potential repeat of historical bullish trends to confirm the end of last yearโs bearish trend.
โBitcoin has already broken its Downtrend. Now itโs all about continuing the new Uptrend. Whether a retest is needed or not is the question,โ heย tweetedย on April 27.
โBut history suggests the mid-term to long-term outlook looks bullish.โ
๐ฐ๐ช๐๐
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[Epic Games Alum Mike Seavers Will Join Web3 Giant Yuga Labs as CTO](https://www.coindesk.com/business/2023/04/28/epic-games-alum-mike-seavers-will-join-web3-giant-yuga-labs-as-cto/)
Mike Seavers will join the home of Bored Ape Yacht Club on May 22.
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[Bitcoin Whitepaper to Be Removed in Next Apple MacBook Update: Report](https://www.coindesk.com/tech/2023/04/26/bitcoin-whitepaper-to-be-removed-in-next-apple-macbook-update-report/)
The โEaster eggโ went viral earlier this year, but wonโt remain on Apple for long.
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[Google Cloud to Help Web3 Builders Fast-Track Their Startups](https://www.coindesk.com/business/2023/04/25/google-cloud-to-help-web3-builders-fast-track-their-startups/)
The initiative will come with technical and monetary support for early-stage Web3 developers.
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[Google Cloud to Help Web3 Builders Fast-Track Their Startups](https://www.coindesk.com/business/2023/04/25/google-cloud-to-help-web3-builders-fast-track-their-startups/)
The initiative will come with technical and monetary support for early-stage Web3 developers.
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[First Mover Americas: Bitcoin Starts Work Week in the Red](https://www.coindesk.com/markets/2023/04/24/first-mover-americas-bitcoin-starts-work-week-in-the-red/)
The latest price moves in crypto markets in context for April 24, 2023.
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[Judge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright](https://www.coindesk.com/web3/2023/04/22/judge-rules-bored-ape-yacht-club-ripoff-nfts-violated-yuga-copyright/)
Use of BAYC trademarks by Rippsโ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled
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[NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows](https://www.coindesk.com/web3/2023/04/20/nft-marketplaces-sales-users-drop-to-lows-not-seen-since-2021-dune-data-shows/)
According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in both daily users and sales.
- ๐จ๐จ๐จ๐จ๐จ
[Bitcoin Tumbles Below $28K on Coinbase](https://www.coindesk.com/markets/2023/04/20/bitcoin-tumbles-below-28k-on-coinbase-before-rallying/)
BTCโs price dipped to its lowest level since April 9. Ether also declined, albeit less severely.
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[Trumpโs Second NFT Collection Sells Out While Prices on First Collection Plunge](https://www.coindesk.com/web3/2023/04/19/trumps-second-nft-collection-sells-out-while-prices-on-first-collection-plunge/)
The former president released his second series of Trump Trading Cards on Tuesday, though it appears that the hype surrounding his Web3 debut is cooling off.
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[Bitcoinโs 'Store-of-Value' Narrative Is Real but Not a Price Mover](https://www.coindesk.com/consensus-magazine/2023/04/18/bitcoins-store-of-value-narrative-is-real-but-not-a-price-mover/)
Longer-term narratives matter, argues Noelle Acheson, but they donโt set the price. That is set by short-term sentiment, which is both contagious and fickle.
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[Trump Drops Second Series of Digital Trading Card Collection](https://www.coindesk.com/web3/2023/04/18/trump-drops-second-series-of-digital-trading-card-collection/)
Earlier this month, the floor price on the original Trump NFT collection jumped after the news of his indictment, but the new Series 2 release has sent the first collectionโs price downward.
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[Intel Discontinues Bitcoin Mining Chip Series](https://www.coindesk.com/tech/2023/04/18/intel-discontinues-bitcoin-mining-chip-series/)
The production of the so-called Blocksale chips was announced about a year ago.
- LFG ๐
[The Biggest Crypto Bull Cycle Is Upon Us: Bernstein](https://www.coindesk.com/markets/2023/04/18/the-biggest-crypto-bull-cycle-is-upon-us-bernstein/)
Macro catalysts are lining up for bitcoin, Bernstein's latest report said.
- I love my CloneX ๐งฌ
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[NFT.NYC Was Calm, but Side Events Stirred Drama](https://www.coindesk.com/web3/2023/04/17/nftnyc-was-calm-but-side-events-stirred-drama/)
While the annual conference saw fewer attendees in a chilly NFT winter, the real โmagicโ โ and drama โ of the Web3 gathering happened outside the main convention.
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[SEC Warned Bittrex of Legal Action Before Firm Announced U.S. Exit: WSJ](https://www.coindesk.com/policy/2023/04/17/sec-warned-bittrex-of-legal-action-before-firm-announced-us-exit-wsj/)
The crypto exchange is set to shut down its U.S. platform on April 30 after nine years in operation.
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[Reddit to the Moon, Razer Stays Sharp](https://www.coindesk.com/web3/2023/04/14/reddit-to-the-moon-razer-stays-sharp/)
Reddit has released another wildly popular NFT collection while Razer has launched a Web3 gaming accelerator.
- Details about Cool Cats' Shadow Wolf will be revealed on April 20th.
- Still, the trading volume is so high because of the selling trend to secure liquidity due to the rise of Ethereum.
In addition, Basie whales (Franklin, March), who were now supported by the floor, announced their retirement.
It's unclear where Basie's floor will end up.
- Canon builds up own NFT Marketplace ๐ธ
The world's largest camera manufacturer is going deeper into Web3 after their successful launch of the NFT Collection "Canon Legends" on the Solana Blockchain. Now the Japanese company is even building its own NFT Photo Marketplace - probably nothing
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[Crypto Optimists Sense Summer on the Horizon](https://blockworks.co/news/crypto-optimists-summer-horizon)
There simply arenโt any more sellers, according to Morgan Creek Capital Management founder, Mark Yusko. So crypto summer is on the way.
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[U.S. House Committee Publishes Draft Stablecoin Bill](https://www.coindesk.com/policy/2023/04/15/us-house-committee-publishes-draft-stablecoin-bill/)
The stablecoin bill is the first major piece of crypto legislation in 2023.
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[True Consumer Protection in Crypto Lies Between Centralization and Decentralization](https://www.coindesk.com/consensus-magazine/2023/04/15/true-consumer-protection-in-crypto-lies-between-centralization-and-decentralization/)
Government regulators are getting keen on crypto's points of centralization. How can those be put to use for everyone's benefit?
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[Trump Earned Up To nullM From NFT Sales: Filings](https://www.coindesk.com/web3/2023/04/15/trump-earned-up-to-1m-from-nft-sales-filings/)
Trumpโs income from NFTs comes via a licensing agreement between his company CIC Digital LLC and the collection's creator NFT INT LLC.
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[Bitcoin Is the 'Boring, Old Grandpa' Right Now Compared to Ether: Dexterity Capital Manager Partner](https://www.coindesk.com/markets/2023/04/14/bitcoin-is-the-boring-old-grandpa-right-now-compared-to-ether-dexterity-capital-manager-partner/)
By its very nature, bitcoin is stable and isnโt exactly the talk of the town, Michael Safai said.
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[Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike](https://www.coindesk.com/policy/2023/04/14/sweden-drives-final-nail-into-its-bitcoin-mining-industry-with-tax-hike/)
The 6,000% increase in taxes per kilowatt hour of energy may "ultimately destroy the industry" in the country.
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[U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations](https://www.coindesk.com/policy/2023/04/14/us-sec-poised-to-move-toward-defi-oversight-as-it-reopens-proposed-regulations/)
The Securities and Exchange Commission is confirming crypto industry worries that, yes, the proposal last year to widen its view of securities exchanges is meant to fold in DeFi.
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[Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value](https://www.coindesk.com/tech/2023/04/14/ethereum-layer-2-network-zksync-era-jumps-to-nearly-250m-in-locked-value/)
More than seven million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows.
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[Tokenization of Real-World Assets a Key Driver of Digital Asset Adoption: Bank of America](https://www.coindesk.com/business/2023/04/14/tokenization-of-real-world-assets-a-key-driver-of-digital-asset-adoption-bank-of-america/)
The tokenized gold market reached over null billion in value last month, the report said.
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[Ether Options Trading Volume Surpasses Bitcoin As Shanghai Upgrade Drives Demand for Bullish Bets](https://www.coindesk.com/markets/2023/04/14/ether-options-trading-volume-surpasses-bitcoin-as-shanghai-upgrade-drives-demand-for-bullish-bets/)
The traditional use of options is to hedge risks, but sometimes traders use them to generate asymmetric payout.