Yesterday was a busy and interesting day. Several resonant news at once: the approval of MiCa rules in the EU against the background of the repressive position of the regulator in the US, a new dubious update from Ledger and an attempt to launch a new wave of memcoins on Doge. But let’s go in order.
Theme of the day
Cryptocurrency wallet Ledfer has released an update that will allow you to restore the seed phrase in case it is lost through the cloud service. The community greeted the update with skepticism, as it opens up a new vector of attack on the wallet. Also, you need a paid Ledger subscription to use this feature.
You can learn more about what is happening on the crypto market on our website.
Kryptana calendar for May 17
- Update Hedera mainnet up to version v0.37. The upgrade is planned and does not carry major changes.
- Rebranding of the ChatGPT token (GPT) to LayerAI (LAI). On May 16, from 15:00 (Kyiv time), trading in the asset will be suspended and will resume after the transition is completed.
- Report “Harmonized Consumer Price Indices in Europe”. Annual inflation in the euro area in April is expected to be 7% in April.
- US building permit data for April. It is a leading indicator of the strength of the housing market. 1.430 million permits are expected. If the actual data matches the forecast or is higher, the stock market should react positively.
Results of yesterday
- The SEC called the lawsuit from Coinbase “unfounded” and requires it to be canceled;
- The US Secret Service has its own NFT collection;
- Jump Trading is accused of unjust enrichment of almost $1.3 billion;
- EU Council unanimously approved MiCA;
- Optimism will update Bedrock;
- Only half of crypto companies have an external auditor;
- Any.Cash has integrated the possibility of verification through the application “Дія”;
- The latest Ledger update compromises the security of seed phrases;
- Justin Sun accuses brother of Huobi founder of fraud;
- WhiteBIT has released its first NFT collection;
- OKX will add support for Bitcoin Ordinals;
- The Dogecoin network saw a surge in transactions due to DRC-20 tokens.
More events from the world of crypto in our TG channel. And if you’re looking for the fastest wild west news, then you here.
Market Compass
- General state of the market:
- Fear & Greed Index of Bitcoin:
- Total market capitalization:
- DeFi TVL:
- RIP:
Looking for a game changer
Raised money:
New projects on the horizon:
Disclaimer: The list below is compiled based on announcements and taking into account the lifespan of startups. Incrypted has no interest in these projects and does not test them for security or effectiveness. NFA and DYOR and may the Alpha be with you!
- BeLaunch is the first decentralized launchpad on the Sui network.
- FriendsProtocol — position themselves as a tool for connecting users and expanding networking through NFTs and incentive programs. Launched on TON.
- Stroom is a liquid staking protocol for the Bitcoin Lightning Network. Whatever that means.
- Protoss is a protocol for trading and automatically providing liquidity on Starknet.
Airdrop Update
Track fresh freemints, testnets and raffles in the Airdrops section!
Current trends
- Hunting for drops: Lineya, zkSync Era, SUI, LayerZero and many others. Do it now so you don’t repeat FOMO Arbitrum and Sui later.
- Economic uncertainty and regulatory pressure in the US continues to worsen the climate for the crypto industry. Against this backdrop, some states are voting against the CBDC.
- Memcoin season seems to be coming to an end. The hype around the BRC-20 will probably subside soon as well. True, cryptans are trying to launch an analogue of these tokens on Doge with the DRC-20 standard.
Read in the evening
- What does MiCA mean for the global crypto industry.
- 10 ways to make money on the crypto market in 2023.
IncryptOr
More crypto memes in our Instagram. Come in if your eyes hurt from the charts.