Tokenize

JUST IN: GameStop $GME and AMC Entertainment $AMC short sellers have lost over $5 billion in the last 2 days. @tokenize 🤑 | @cryptonerds 🤑

👉 President Joe #Biden has ordered the divestment of a Chinese-backed #crypto mining company, MineOne Partners Ltd, from land near the Francis E. Warren Air Force Base in Wyoming, citing national security risks. @tokenize 🪙 | @cryptonerds 🪙

🪢 Standard Chartered #HongKong, in partnership with Mox, #Mastercard, and Libeara, successfully completed a tokenization test overseen by the Hong Kong Monetary Authority. 👉 The test explored using #tokenized deposits for settling tokenized assets, marking a milestone for Mastercard's Multi-Token Network and enabling real-time settlements and carbon credit storage for customers. @tokenize 🪙 | @cryptonerds 🪙

👉 Deutsche Bank analysts have predicted that most stablecoins are likely to fail. This conclusion was drawn following an internal analysis of 334 currency pegs over the past 200 years. 🪢 The analysts stated that the few foreign exchange pegs that have maintained their value since 1800 operated with credibility, reserves, and a tightly controlled environment, attributes they believe most stablecoins lack. 👉 #Tether (USDT), the world's largest stablecoin with a market cap of $110 billion, was singled out for criticism. The analysts described it as a monopoly in the #stablecoin market, characterized by speculation and a lack of transparency. @tokenize 🪙 | @cryptonerds 🪙

🪢 The U.S. Bitcoin spot Exchange-Traded Fund (ETF) experienced a significant capital influx yesterday, receiving a net inflow of around $66 million. @tokenize 🪙 | @cryptonerds 🪙

JUST IN: GameStop $GME and AMC closed up 74% and 78% today. GameStop's stock was halted 9 times. @tokenize 🤑 | @cryptonerds 🤑

🪢 #BounceBit has successfully transitioned from a test network to a fully operational #blockchain with the launch of its mainnet. 🪢 This independent Layer1 #network uses BB as its Gas #fee token and has introduced an array of new features, including node #staking, Premium Yield generation, #liquidity custody, and cross-chain capabilities. @tokenize 🪙 | @cryptonerds 🪙

📣📣📣📣📣 🪢 A Visa and Allium Labs report has highlighted that 90% of stablecoin #transactions are automated, with only 10% being human-driven. 🪢 Despite this, the stablecoin market is expanding, with 27.5 million active users and significant volumes of human transactions, indicating a positive trend in crypto adoption. 🪢 Traditional finance entities like #PayPal and #Visa are entering the stablecoin space, signaling its growing appeal. 🪢 Algorithmic trading, a mainstream practice in other asset classes, is becoming prevalent in #crypto. 🪢 With AI's influence on trading expected to grow, the report's findings prompt a broader discussion on the future of #stablecoins and their regulatory landscape. @tokenize 🪙 | @cryptonerds 🪙

🪢 Metaplanet has adopted #Bitcoin as a reserve asset, aligning with MicroStrategy’s Bitcoin-focused strategy. 🪢 This decision comes as #Japan faces a debt-to-GDP ratio over 250%, prompting Metaplanet to seek stability in Bitcoin against the yen’s volatility. 🪢 The Bank of Japan’s low interest rates, in contrast to the Fed’s higher rates, have contributed to the yen’s 50% fall against the dollar since 2021. @tokenize 🪙 | @cryptonerds 🪙

👉 The North Korean hacking group Kimsuky has launched cyber attacks on South Korean #cryptocurrency firms using a new malware called “Durian.” 🪢 This multifunctional malware infiltrates systems by exploiting legitimate security software and enables command execution, file downloads, and data theft. @tokenize 🪙 | @cryptonerds 🪙

👉 #Coinbase has launched TransFi in the Asian market. 🪢 This initiative is particularly focused on the Philippines, Vietnam, and Indonesia, integrating with Coinbase Wallet to utilize popular local payment methods. @tokenize 🪙 | @cryptonerds 🪙

🪢 El #Salvador, now offers public access to #Bitcoin investment data through a personalized mempool. 🪢 The latest mempool data reveals that El Salvador currently holds 5,748.76 BTC valued at over $352.8 million. @tokenize 🪙 | @cryptonerds 🪙

FTX Getting Active? A transaction of 1 Bitcoin💰 is initiated from the FTX wallets. @tokenize 🤑 | @cryptonerds 🤑

⚡⚡⚡⚡ 🇺🇸 Donald Trump promises major tax cuts for all Americans if elected president.  "Instead of a Biden tax hike, I'll give you a Trump middle class, lower class, business class, big tax cut. You're gonna have the biggest tax cut." @tokenize 🤑 | @cryptonerds 🤑

🪢 Dormant #Bitcoin Address Activates After 10.7 Years, Transfers 500 BTC which is estimated to be worth around 30.51 million USD. @tokenize 🤑 | @cryptonerds 🤑

📢📢📢📢📢 444 yellow hearts will launch the next give away! 💜

🪢 Metaplanet Inc, a #Japanese company, has bolstered its Bitcoin holdings by purchasing an additional 18.8698 BTC for 200 million yen ($1.2 million), raising its total #Bitcoin assets to 117.7217 BTC, worth 1.2 billion yen ($7,708,020). @tokenize 🤑 | @cryptonerds 🤑

⚡⚡⚡⚡ Bloomberg ETF analyst Eric Balchunas said that the U.S. 🇺🇸 SEC may reject #Ethereum💰 spot ETF on May 23, and approval may not be until the end of 2025. @tokenize 🤑 | @cryptonerds 🤑

🤑 Ethereum's average gas fee has plummeted to 6 Gwei, the lowest since January 2020, due to the Dencun upgrade and reduced on-chain activity. 🪢 With the proposed multi-dimensional gas upgrade, #Ethereum aims to optimize resource management, promising enhanced throughput and ecosystem maturity. @tokenize 🤑 | @cryptonerds 🤑