Bitcoin panic 22, turns to extreme panic again

Musk has set his sights on Twitter and wants to acquire control of Twitter through capital acquisition and open source Twitter code to make it a decentralized WEB3 social software at a price of $54.2 per share. Sun Yuchen quickly followed suit and offered a price of $60 for Twitter to be privatized. Goldman Sachs said that the price Musk offered was too low, but still maintained Twitter's "sell" rating with a target price of $30. A member of the Saudi royal family, one of the shareholders, tweeted that he disagreed with selling Twitter shares at Musk's price. Mark Cuban called for raising funds through the DAO organization to acquire Twitter. SBF proposed that Twitter tweets be put on the Lian in order to complete its decentralized attributes. Twitter became the target of the bigwigs overnight, which shows its weight in the global traditional media. If Twitter can take the lead in piloting WEB3.0, it can indeed quickly promote the development of blockchain and encryption technology, and will bring new capital growth points to cryptocurrency. Now the acquisition of Twitter is still in the game, and we continue to sit back and watch the capital show.

Germany replaced Singapore as the most crypto-friendly country. The report shows that the current ranking is: Germany first, Singapore second, and the United States third. The strongest countries in Europe have taken the lead in embracing, and other countries should follow quickly to support it. It is not difficult to see that the stronger the regional economy, the faster it will choose to embrace it.

The Central Bank of Portugal announced that it has issued the first cryptocurrency operating license to BisonBank to provide cryptocurrency services to users. Another European powerhouse has quickly embraced encryption, and the bank will also quickly establish a new business unit to create a compliant cryptocurrency exchange.

The U.S. state of Virginia will allow banks to provide crypto custody services starting in July. That is to say, in the future in this state, people will be able to deposit their cryptocurrencies in any traditional bank that supports crypto storage, just as conveniently as depositing U.S. dollars. If the problems of payment, storage and application scenarios are solved, it will be almost the same as legal tender.

The chairman of the Russian Chamber of Commerce and Industry said that the Russian Ministry of Finance and the Central Bank ensure that mutual settlements and payments with African countries can be made using Russian rubles and cryptocurrencies. This is an alternative way to evade sanctions from Europe and the United States. Cryptocurrencies will be widely adopted because of the sanctions.

Malaysian office operator US has decided to accept cryptocurrency payments. It is the largest serviced office operator in Malaysia, which can be regarded as opening up the market for Malaysia's incremental growth.

Microstrategy CE. said that it will continue to actively promote the Bitcoin strategy in the future and will purchase more Bitcoin as corporate financial asset reserves. LUNA Foundation purchased another 124 Bitcoins yesterday. Both companies are currently big companies, only in and not out, it's just a matter of how fast they buy.

Gemini will launch the Gemini credit card in all 50 states in the United States. Cardholders can use the credit card to make purchases anywhere Mastercard is accepted. Obviously, this is another cryptocurrency-backed credit card, and cryptocurrency can be more conveniently paid and used across the United States.

Amazon CEO said that it is possible to sell NFTs on the platform, but cryptocurrency payments may not be added to the retail business. However, over time, we have seen that cryptocurrency has become very important. If NFTs are really launched, it will be difficult for them to avoid cryptocurrency, so in a potential sense, it is a big positive.

A former SEC official said that the SEC has not yet classified NFTs, but may investigate certain NFTs. This is really adding insult to injury. The NFT market has been cooling down very quickly recently, and it is estimated that it will not be able to slow down if the regulation is added. The hot Azuki floor price plummeted 71% in a single day a few days ago, which directly cut the ankle. Therefore, NFT-related tokens are unlikely to improve in the short term.

Panic 22, turned into extreme panic again.

Coin News:

Bit Market: 25,878 bitcoins were withdrawn from the exchange yesterday, the largest net outflow in 5 weeks. Recently, bitcoins have been withdrawn all the way, and the circulation will become smaller and smaller in the future. If you must ask who is selling, I can only tell you that it is a traditional American institution. Once the water in the pool stabilizes in the future, the rise will become a one-sided market, and you will not be able to catch up at that time. The US stock market will not open tonight, so it is likely to continue to fluctuate, which is a process of grinding the bottom.

Ethereum: 70,000 coins have just been deposited into the exchange, and the 3,000 position may be lost. Brother Sun’s weather vane is still strong, and the strong trend has turned into a weak trend.

LTC: Upgrade to MWEB after 5 weeks, not much value, the bottom will continue to fluctuate.

XRP: CEO said the lawsuit with the SEC is coming to an end, the lawsuit is going very smoothly, and it is highly likely that it will not be defined as a security. This is not just a pull, it is hard to say whether it can continue. I just deposited 90 million coins into Bitfinex, and there is still selling pressure.

EOS: The EVM virtual machine will be integrated in the next few months. It is a bit late to do this now. The market will not change much and will continue to be weak.

LINK: Surpassing SHIB to become the most held token on Ethereum. Whales are still optimistic about the future of the oracle, after all, it will be used to connect WEB2 and WEB3.

DOGE: Robinhood CEO suggested that DOGE increase the block size and release speed, and Musk agreed. If this can be upgraded, it will be a big benefit, but it is not easy to develop, and it would be great if it can be put on the agenda.

ZIL: It is planned to support EVM in 2022, but this is a bit too late and of little significance. The previous rise was blind speculation and it is not recommended to chase high prices.

XTZ: Integrated with Aleph, it provides cross-crypto decentralized storage and computing network services for NFT. This public chain mainly targets the NFT market. If NFT is shut down in the short term, its trading volume will also drop, so it will not participate for the time being.

HNT: The light gateway upgrade was activated on May 3. This application token has been adjusted for 5 months from its previous high. This coin still has some value. If there is an opportunity to enter 10-15 US dollars, you can consider value investment.

AR: Announced the integration of AVAX public chain. At the same time, Messari report shows that AR has the fastest revenue growth in the storage field, far ahead of other tokens. Those who are optimistic about storage can consider making a long-term ambush.