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Daily Summary, May 07
#TradeStories #TradeStories $BTC
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🇸 The US Federal Reserve does not change the interest rate.
🇧🇹 Bhutan and Binance Pay launch the world's first national tourism payment system.
🪙 The Pectra upgrade has been successfully activated on the Ethereum network — one of the factors that JPMorgan previously referred to as a bullish driver for ETH.
🇷🇺 Analysts believe that if the US imposes tariffs on mining equipment, Russia could gain the most — hash rate will start to flow there.
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🇸 The US Federal Reserve does not change the interest rate.
🇧🇹 Bhutan and Binance Pay launch the world's first national tourism payment system.
🪙 The Pectra upgrade has been successfully activated on the Ethereum network — one of the factors that JPMorgan previously referred to as a bullish driver for ETH.
🇷🇺 Analysts believe that if the US imposes tariffs on mining equipment, Russia could gain the most — hash rate will start to flow there.
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Summary of the Day, May 6
$🔥 New Hampshire became the first state in the USA to approve the creation of a strategic crypto-reserve.
🇷🇺 In the Kaluga region, miners illegally connected equipment to the power lines and mined cryptocurrency in a shed. The damage from electricity theft amounted to 6,000,000 rubles.
🇺🇸 Florida authorities withdrew bills for creating a state Bitcoin reserve — documents HB487 and SB550 were 'postponed indefinitely and withdrawn from consideration'.
🇷🇺 In the Kaluga region, miners illegally connected equipment to the power lines and mined cryptocurrency in a shed. The damage from electricity theft amounted to 6,000,000 rubles.
🇺🇸 Florida authorities withdrew bills for creating a state Bitcoin reserve — documents HB487 and SB550 were 'postponed indefinitely and withdrawn from consideration'.
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💰 Former CEO of one of the first exchanges BitInstant Charlie Shrem launched a site with a bitcoin faucet in an attempt to revive a long-standing tool.
In the early stages of the bitcoin network, faucets gave users the opportunity to earn coins for solving tasks. For example, the site launched by Gavin Andresen in 2010 with a CAPTCHA input distributed a total of 19,700 BTC worth $1.86 billion at current prices. From 2011 to 2013, bitcoin faucets encouraged the creation of wallets and transactions, which contributed to the network's popularization.
Shrem's site, visually resembling a CAPTCHA, was launched thanks to AI prompts. It tells about the first cryptocurrency and gives the opportunity to "get a little coin to start the journey"#FreeBtc $BTC
In the early stages of the bitcoin network, faucets gave users the opportunity to earn coins for solving tasks. For example, the site launched by Gavin Andresen in 2010 with a CAPTCHA input distributed a total of 19,700 BTC worth $1.86 billion at current prices. From 2011 to 2013, bitcoin faucets encouraged the creation of wallets and transactions, which contributed to the network's popularization.
Shrem's site, visually resembling a CAPTCHA, was launched thanks to AI prompts. It tells about the first cryptocurrency and gives the opportunity to "get a little coin to start the journey"#FreeBtc $BTC
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⛽ In a year, PumpFun collected $294,000,000 in fees — more than Ethereum, which earned $249 million in the same period.
Moreover, for the ninth consecutive week, weekly fees from PumpFun have exceeded Ethereum's earnings in this regard.#BinanceHODLerSTO $ETH $SOL
Moreover, for the ninth consecutive week, weekly fees from PumpFun have exceeded Ethereum's earnings in this regard.#BinanceHODLerSTO $ETH $SOL
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🔮 Bitwise analysts predict that by the end of 2025, Bitcoin could rise to $200,000 in a base scenario, and with active participation from governments — up to $500,000.
In the long term, the goal is $1 million per BTC if its market capitalization equals that of gold.
Main growth factors: influx of institutional investments, launch of Bitcoin ETFs, and interest from government entities.#BinanceAlphaAlert $BTC
In the long term, the goal is $1 million per BTC if its market capitalization equals that of gold.
Main growth factors: influx of institutional investments, launch of Bitcoin ETFs, and interest from government entities.#BinanceAlphaAlert $BTC
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💀 More than 50% of projects on CoinGecko have failed
The analysts' study considered coins listed on the platform since 2021, which had one or more transactions, as well as Pump Fun tokens that were listed on DEX (so in fact, the number of 'dead' projects is even higher).
The sample included 7 million coins, of which 3.6 million have 'died'. Most of them are from the end of 2024 to the beginning of 2025.$BTC $ETH $XRP
The analysts' study considered coins listed on the platform since 2021, which had one or more transactions, as well as Pump Fun tokens that were listed on DEX (so in fact, the number of 'dead' projects is even higher).
The sample included 7 million coins, of which 3.6 million have 'died'. Most of them are from the end of 2024 to the beginning of 2025.$BTC $ETH $XRP
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