🗞Good morning!

Today the market is down, most altcoins are red. BTC is currently trading around $65,465. ETH around $2,950.

⭕️ Fear/Greed Index: 74 - Greed

📉 Morning news roundup:

🟢 BTC supply on exchanges is falling to new lows.

🟢 Institutional investors prefer Solana due to significant profits.

🟢 The Chainlink fund tokenization pilot project is successful with major banks participating.

🟢 Experts link North Korea and Tornado Cash with cryptocurrency laundering.

🟢 937 institutional investors reported holding BTC-ETFs – "ten times more than gold ETFs."

Token Paper | Subscribe

⚡️ According to Durov, the success of Notcoin demonstrates the effectiveness of the Telegram and TON ecosystems for application developers.

🗣In a short period of time, Notcoin attracted more than 35 million users and entered the top ten cryptocurrencies with the largest trading volume.

🗣Its market capitalization is approaching 700 million dollars.

Token Paper | Subscribe

⏳ CryptoQuant analyst Ki Yun Joo suggests that the current bull cycle of bitcoin may end by April 2025.

He observes a gap between BTC's market capitalization and its realized capitalization, indicating a possible turning point in the two-year bull cycle.

If this pattern persists, then the current period can be considered as its middle.

Token Paper | Subscribe

🪙 The cost of bitcoin mining has dropped from $50k to $45K

The more prices drop, the more unprofitable miners are forced to leave the BTC network and the greater the decline in hashrate and mining costs.

A couple fan facts:
🔷Because of the increasing complexity of the blockchain, the remaining 1.36 million BTC will be mined for about 120 more years (until 2140).
🔷It takes 4*10^20 computational operations per second to create a block.
🔷A farm of 36 Nvidia GTX 1070 Ti graphics cards can mine 1 Bitcoin in 705 years 😢

Token Paper | Subscribe

🏧 Arbitrum offers to integrate MultiVM into its networks, Arbitrum One and Arbitrum Nova.

If ArbitrumDAO approves this proposal, MultiVM integration will improve the functionality and performance of both networks.

Token Paper | Subscribe

Top news today (May 17)

1️⃣ Tether prints another 1,000,000,000,000 USDT

2️⃣ In an Asian confectionery shop, a customer paid for his purchase with USDT

3️⃣ Turkey develops legal framework to regulate cryptocurrencies

4️⃣Fraudulent Notcoin vouchers are being sent to TON wallet users in masse

5️⃣ Telegram and TON ecosystems drive app growth, as Notcoin success shows

6️⃣ According to BitRiver, Russian miners mined about 54,000 BTC in 2023

7️⃣ Notcoin Foundation donated 1,030,383,291.36 NOT to Pavel Durov

8️⃣ Blum published their roadmap

9️⃣ Kraken exchange considers delisting USDT stablecoin for European users

Token Paper | Subscribe

🔍 Vitalik Buterin's Ethereum Insights Unveiled! 🚀

📝 Vitalik Buterin's latest article dives into upcoming Ethereum upgrades, spotlighting PeerDAS, Verkle trees, and decentralized history storage as per EIP-4444.

🧠 Buterin underscores Ethereum's commitment to decentralization, addressing concerns like Maximal Extractable Value (MEV) and finding the balance between minimizing and managing it.

🗣 Inspired by concerns from Geth core developer Peter Szilagyi, Buterin discusses MEV management and ongoing protocol adjustments to tackle it.

💡 Ethereum's strategy to handle MEV involves minimizing and quarantining. Buterin advocates for a blend of both to mitigate MEV's impact and maintain decentralization.

✏️ Buterin stresses the importance of accessibility in Ethereum nodes for decentralization, proposing solutions like Verkle trees and EIP-4444 to reduce hardware requirements and ensure robustness.

🛠 Ethereum's Layer 1 must support Layer 2 while preserving its unique properties, ensuring scalability, decentralization, and security. 🔄

Token Paper | Subscribe

🐦 Do we even need bitcoin ETF shares?

Web 3 was built with an awkward infrastructure that is difficult for newcomers to navigate 🙈
If crypto had been user-friendly and easy to use like mainstream financial applications from the beginning, we wouldn't need ETFs.

This is felt when explaining to someone older about how to use crypto 🤔

Token Paper | Subscribe

🚀 Shibarium: Grok’s Insight on TREAT Unveiled by Shiba Inu Insider 🐶

Exciting news for the SHIBUSD community! Lucie, a key team member, spills Grok's secrets about the much-awaited TREAT token.

🔍 TREAT has been stirring curiosity in the Shiba Inu community. Expected to boost Shiba Inu's ecosystem, it's a hot topic lately.

🤖 Grok, the chatbot from Elon Musk's xAI, spills the beans. TREAT isn't out yet, Lucie confirms, clearing up confusion.

👀 Grok's hint suggests the team's careful approach. They're ensuring TREAT is top-notch before release, prioritizing quality over speed.

🗣 It's a reminder to trust official sources. Don't fall for scams! Stay tuned for updates on TREAT's launch.

🎉 Excitement's building for TREAT's arrival. Shiba Inu team is on it, promising more features soon. Stay in the loop! 🔄

Token Paper | Subscribe

📈 ADA Price Surge: Potential Profitability Boost Ahead 🚀

🔄 Cardano (ADA), the smart contracts blockchain, has stunned critics by maintaining its top 10 status in market cap rankings.

🚀 ADA outperforms, soaring 7% in 24 hours. Talk of a comeback to 2021's $3.10 peak is heating up.

🟡 Retail investors stock up on ADA between $0.48 and $0.50, forming a strong support zone. But only 40% of holders are currently in profit.

💰 A rise to $0.49 could flip the script, pushing over 55% of holders into profit territory and attracting more buyers.

📊 Volume spikes to $461 million, hinting at growing interest and potential price surge.

⚫️ Could "original whales" return? Their holdings now resemble 2021 levels, suggesting a possible bullish trend.

🔴 Analysts warn of market cycle impact. ADA's ability to hit $3 hinges on broader market conditions.

🔑 Will ADA defy odds? Watch for $0.49 resistance break and sustained volume increase for clues on its path to potential $3 comeback.

Token Paper | Subscribe

📊 Projects with the largest number of users on the main L1 and L2 chains

Token Paper | Subscribe

📈 XRP Ledger Soars in Q1, But Challenges Linger 🚀

📊 Ripple's report reveals a 108% surge in XRP Ledger transactions, hitting 251,397,881 in Q1. Impressive growth fueled by new applications and users.

💸 Total XRP burned for transaction fees doubles to 636,184, indicating increased network activity.

💰 Despite the growth, new wallet sign-ups dip by 11% and average transaction costs drop by 45%, signaling room for improvement.

🔑 Ripple updates on SEC lawsuit: Faces $2 billion fine for XRP sales. Firm files opposition, awaiting judge's decision.

Token Paper | Subscribe