Cryptoz
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🧐 FOX: ConsenSys has hired lawyers from Wachtell, who are being used by Coinbase in a lawsuit with the SEC.

"They definitely didn't save money by hiring lawyers from the BEST law firm in the USA." – Andrew Keys

Consensys is the developer of MetaMask.

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📩 Exactly 13 years ago Satoshi Nakamoto sent his last letter…

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🎤 Eminem rapped for the new Crypto․com commercial. (a post on his account)

– The full version of the promotional video will be released tomorrow during the Los Angeles Lakers game in the NBA Playoffs.

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📉 Republic First Bank Declares Bankruptcy in the (USA)

Republic First Bank has filed for bankruptcy, marking the first American bank to do so this year. As reported by the FDIC, at the end of January, the bank held approximately $6 billion in assets. Customers with deposits at Republic Bank will be transitioned to Fulton Bank automatically.

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🚫 DTCC Bans Use of Bitcoin ETFs as Collateral in the US

Effective April 30, the Depository Trust & Clearing Corporation (DTCC) will prohibit the use of Bitcoin Exchange-Traded Funds (ETFs) and other crypto instruments as collateral for financial transactions in the United States. This move essentially renders the value of cryptocurrency "securities" on American funds nearly worthless.

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⚡️ Vitalik Buterin Advocates for Transition from Proof-of-Work to Proof-of-Stake in Ethereum

Vitalik Buterin, co-founder of Ethereum, emphasized that the Proof-of-Work (PoW) consensus algorithm serves as a transitional phase for Ethereum's journey towards Proof-of-Stake (PoS). Buterin highlighted the centralization concerns associated with PoW, illustrating with a diagram indicating that a handful of pools control the majority of the network.

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#calendar
⚡️ Calendar of key events for this week:

Monday, April 29th:
- Nothing important.

Tuesday, April 30:
🇨🇳PRC - Manufacturing/Services/Composite PMI (Apr)
🇪🇺EU - GDP (1q.)
🇪🇺EU - Consumer Inflation CPI (Apr)

Wednesday, May 1st:
🇨🇳China - no bidding
🇺🇸USA - ADP Nonfarm Payrolls (Apr)
🇺🇸USA - ISM Manufacturing PMI (Apr)
❗USA - The number of open vacancies in the JOLTS labor market (March)
❗USA - Fed rate decision
❗️USA - Conference with J.By Powell

Thursday, May 2nd:
🇨🇳China - no bidding
🇺🇸USA - Initial Jobless Claims

Friday, May 3rd:
🇨🇳China - no bidding
❗USA - Nonfarm Payrolls (Apr)
🇺🇸USA - Unemployment Day (Apr)
🇺🇸USA - ISM Services PMI (Apr)

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📈 Spot Ethereum ETF Ticker "EZET" Listed on DTCC Website

The ticker symbol for the spot Ethereum ETF from Franklin Templeton, "EZET," has surfaced on the Depository Trust & Clearing Corporation (DTCC) website. This occurrence mirrors the process observed with spot Bitcoin ETFs prior to SEC approval, indicating progress towards bringing the ETF to market. It's important to note that the DTCC list encompasses both active and potential ETFs, suggesting no guarantee of listing. The Depository Trust & Clearing Corporation plays a key role in clearing transactions on NASDAQ.

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💸Tether Invests $200 Million in Blackrock Neurotech

Tether, the issuer of the USDT stablecoin, has allocated $200 million towards Blackrock Neurotech, a biotech firm specializing in tools aimed at assisting individuals dealing with paralysis, loss of function, and neurological disorders. This investment aligns with Tether's recent announcement of diversifying its portfolio and venturing into different sectors of the global economy.

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🔥 Stripe Integrates Avalanche into Payment App

Stripe, a leading payment platform, has incorporated Avalanche (AVAX) into its application, allowing users to purchase AVAX directly without resorting to exchanges. This move comes after Stripe resumed crypto payments, including support for transfers to USDC, following a six-year hiatus.

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📊 Coinshares: Report on cryptocurrency financial flows.

🩸Capital OUTFLOW from the crypto industry continues, $ 435,000,000 per week.

▫️ Capital outflow from crypto products related to #BTC = $423,000,000.

▫️ Capital outflow from crypto products related to #ETH = $38,400,000.

Last week, there was a slight inflow of capital into crypto products related to #LTC, #DOT, #XRP and #ADA.

Bernstein: "The slowdown in the inflow of funds into Bitcoin ETFs is a temporary phenomenon. Our forecast remains the same – $150,000 BTC by 2025."

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🇪🇺 Macro data #ECB (Eurozone) - CPI:

▪️Consumer Price Index (CPI) (YoY) (Apr)

FACT: 2.4%
FORECAST: 2.4%
PREV.: 2,4%

▪️Consumer Price Index (CPI) (mom) (Apr)

FACT: 0.6%
PREV.: 0.8%

▪️Basic Consumer Price Index (CPI) (YoY) (Apr)

FACT: 2.7%
FORECAST: 2.6%
PREV.: 2.9%

▪️Basic Consumer Price Index (CPI) (mom) (Apr)

FACT: 0.7%
PREV.: 1,1%

▪️GDP (YoY) (Q1)

FACT: 0.4%
FORECAST: 0.2%
PREV.: 0.1%

▪️GDP (QoQ) (Q1)

FACT: 0.3%
FORECAST: 0.1%
PREV.: 0,0%

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🎮 Animoca Brands and Darewise Unveil Opal Protocol on Twitter

Animoca Brands and Darewise have jointly revealed the Opal Protocol on Twitter, presenting it as an ecosystem catering to WEB3 games,
entertainment, DeFi, education, and culture, all anchored on the Bitcoin blockchain.

The Opal Protocol introduces #BLIF as its native token, promising to fuel various activities within its ecosystem.

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🤝 Sui Partners with Google Cloud to Advance WEB3 Innovations

In a noteworthy collaboration, Sui has joined forces with Google Cloud to drive WEB3 innovations forward. This partnership aims to address challenges related to security, scalability, and other key areas within the WEB3 landscape.

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❗️The founder of Binance (CZ) was sentenced to 4 months in prison. (Bloomberg)

Zhao was sentenced Tuesday by US District Judge Richard Jones in Seattle. Dressed in a dark suit with a light blue tie, Zhao arrived in court flanked by half a dozen lawyers. His mother and sister watched his sentencing from the front row of the courtroom.

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Bitcoin Rally in Real Life 😂

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🔞 Coinglass: 286,590,000 LONG positions were eliminated per day!

#BTC at the moment < $60,000

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⚠️ The Fed meeting will be held tomorrow! (18:00 UTC)

The consensus forecast is A PAUSE.

▪️Bloomberg:
- The "pigeon" rhetoric of J. Powell saved the United States from recession in December.
- Now the head of the #Fed needs to take a “hawkish” position in order to bring inflation back under control.

▪️Bank of America:
- Payments on the US national debt may reach 1.7 trillion.$ as early as April 2025, unless the Fed cuts the rate.

▪️WSJ:
- The Fed chairmen believe that there are quite acceptable options for action if something does not go according to their plan.

▪️BNP Paribas:
- We expect the Fed to start lowering the interest rate in December. (forecast earlier - July)

▪️Citi:
- We expect the Fed to start lowering the interest rate in July. (forecast earlier - June)

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✉️ The "last" message from CZ...(twitter)

- after he was sentenced to 4 months in prison.

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🔻April is the first "red" month for BTC since August 2023.

▫️ Bitcoin closed the month with a minus = 14.76%.

▫️MAY is considered a "weak" month in terms of profitability - BTC has closed in plus only 5 times in 11 years.

#BTC: Monthly Yield (2013-2024)

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🔜 Casio to Launch NFT Collection on Astar Blockchain

Casio, renowned for its iconic watch brand, is set to debut an NFT collection on the Astar blockchain. This move signifies Casio's foray into the digital asset realm, leveraging the capabilities of blockchain technology to offer unique and collectible digital items.

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