Crypto market

BTC - $26302 -4.43%. Correction, as expected, intensified. Bitcoin in the moment fell to $26.1k. Market liquidations totaled $144 million.

The alt market is totally red. Ether is trading at $1,755. Altseason index 4, investor interest 49 (neutral). Trading volume — $41.4 billion.

Growth leaders among altcoins are ATOM, BCH.

Fall leaders are PEPE, HEX, SUI.

BTC dominance is 47.69%.

 

The big "whale" suffered losses in the amount of $540,000 as a result of the "slump" of the PEPE exchange rate

According to Lookonchain, on May 5, an unknown "whale" bought 962.3 billion PEPE tokens for more than $3 million. Over the weekend, the price of the asset fell significantly, and the user suffered an unrealized loss in the amount of $540 thousand

 

Bitcoin broke the record for the number of weekly transactions

According to data from Glassnode and other blockchain services, the weekly number of BTC transactions has reached a record. It exceeded the previous ATN of 2017

 

A16z, Coinbase and the Blockchain Association have come out against new rules for storing cryptocurrency in the US

The Securities and Exchange Commission (SEC) has ratified a set of new rules on the storage of cryptocurrency. According to it, custodial services can be provided only by "verified" counterparties, most of which belong to "whales" of Wall Street
 

Elon Musk raised the price of NFTs from the Milady collection with one tweet

He tweeted one picture in his feed. NFT sales increased by 500% and the minimum price increased by 50%.

Interestingly, an hour before the tweet, someone bought a large batch of Milady (Ladys) tokens for 25 ETH and made millions from $45k.

When it turned out, the developers blocked 3 addresses with the largest number of tokens. Looks like two of them are owned by DWF Labs.

 

Gang of 16 on trial in Vietnam for stealing $1.5 million in crypto and kidnapping

The leader of the gang in 2018, on the advice of the victim, sold 1000 Bbitcoins, invested in some kind of scam, and lost money.

He considered that his friend was to blame, and began to oppress him in every possible way, insisting on the return of the money.

In 2020, people gathered a gang into which, incl. 2 policemen entered. They kidnapped the victim and forced him to transfer $1.5 million at gunpoint.

 

Blockchain documents may appear in the EU in 2024

The head of the Belgian Ministry of Digital Development recently said that he is looking forward to 2024, when his country will preside over the EU.

He is going to promote the idea of digitalization of documents. Start with a driver's license, as this is the easiest to do.

 

In China, crypto is slowly but surely being pushed through at the legislative level

Since May, crypto can be settled in China in litigation if both parties agree. Although the country has a ban on digital assets.

Since September 2022, the Beijing People's Court has allowed crypto trading despite the ban.

Since January 2023, a 20% tax on income from investments and mining has been introduced.