Breaking: Twitter Investors Sue Elon Musk, Here’s Why
https://bit.ly/3NFw9ZM

In recent days, the block time on the Ethereum network has started to rise due to the difficulty bomb.

What does it affect?
Fewer blocks in the network - fewer transactions can be processed in a certain period of time, for example, in an hour. As a result, in case of peak network load, transaction fees can be even higher.

Fewer blocks in the network means less income for miners.

📆 Key events in the crypto for May-June

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BTC dominance: what kind of beast? 🤔

The market share (dominance) of BTC shows what part of the entire crypto market is occupied by bitcoin. How the growth / fall of the BTC market share is affected is shown in the picture.

• Dominance 📈: Alts lose relative value to BTC.
• Dominance 📉: The value of alts is growing relative to BTC.

Now BTC.D = 46% and the value continues to grow. This means that investors prefer to exit risky altcoins and pour capital into BTC.

Just In: Former OpenSea Executive Charged With NFT Insider Trading
https://bit.ly/3m5OLqc

In May, the profitability of BTC mining fell to its lowest level since the fall of 2020, while the hash rate remains at historical maximum levels ⛏

🆕 Coinbase to list BitDAO (BIT) and Coin98 (C98)

Breaking: Three Arrows Capital Dumps $33 Mln Staked Ethereum (stETH)
https://bit.ly/3MOfWB0

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The so-called index of fear and greed of Bitcoin investors dropped even lower - this time to 7 points out of 100. Something similar was recorded only at the end of August 2019.

Terrible, there's nothing you can do.

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The community punishes the shortists and Alameda 🤔

The Celsius community is tweeting #CelShortSqueeze to buy CEL and take it off the exchange. This reduces supply and pushes the price up. For 2 days, the balance of CEL on FTX decreased by 20%. And the price has quadrupled.

The story is similar to the situation around GameStop shares: a large fund shorted GameStop, but hamsters became more active on reddit and began to massively buy shares, which led to a growth of 20 times.

All these speculations are pure casinos. Now CEL is growing, and tomorrow Sam will buy CEL on OTC, transfer to FTX and shave longists...

Breaking: Crypto Lender BlockFi Gains $250 Mln Credit Line From FTX
https://bit.ly/39JSib5

Correlations of crypto assets and indices went up

⚡️ Goldman Sachs plans to buy Celsius assets for $2 billion in case of bankruptcy

coindesk.com/business/2022/06/24/goldman-sachs-raising-funds-to-buy-celsius-assets-sources

An important reminder: the number of Bitcoin addresses with a relatively small volume of 0.1 BTC has set another all-time high. There are now 3,628,000 according to Glassnode.

The guys are piling up.

Analysts warn that the growth of altcoins in the bear market may be a trap and soon the share of BTC in the market will go up again, as it was in 2018 🧐

Breaking: Court Orders Liquidation Of Three Arrows Capital

https://bit.ly/3HYjKPe

The number of Ethereum addresses with a non-zero balance has set another all-time high. According to Glassnode analysts, today there are 83,076,411 units.

So there are more and more owners of cryptocurrencies every day.

The size of the average commission paid in the Bitcoin network on a weekly basis reached $1.23. This is at least 23 months, according to Glassnode analysts. That is, the blockchain is not being used very actively now - and the BTC rate also affects the indicator.