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Elon Musk promises not to sell Dogecoin. Vitalik Buterin predicts a decrease in its influence on the market. A day after the announcement of Tesla's "diamond hands", Elon Musk made a similar statement regarding Dogecoin. “I have not and will not sell Doge,” he tweeted. Ethereum founder Vitalik Buterin, meanwhile, said that Musk's influence on the crypto market will wane over time. “Elon Musk's tweets are what the cryptocurrency space first encountered literally last and this year. I think some recklessness is natural, but the market will adjust. Musk will not have this kind of influence forever, ”he told CNN.

⚙️US Regulators to Create Cryptocurrency Regulation Working Group. American financial regulators will form an interagency group to develop clear regulation of the cryptocurrency industry and resolve legal issues related to cryptoassets. The new director of the Office of the Comptroller of the Currency of the United States (OCC), Michael Hsu, said that he is in talks on this issue with Deputy Chairman of the US Federal Reserve (FRS) Randal Quarls, Chairman of the Federal Deposit Insurance Corporation (FDIC) Elena McWilliams and Chairman of the National Credit Union Administration (NCUA) by Todd Harper.

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However, JP Morgan analysts believe that investors will give up bitcoins for gold due to the collapse of the cryptocurrency market. Yesterday's collapse of the cryptocurrency market and massive drawdowns in coin rates over the past week could scare off many large professional investors from the blockchain asset industry. This opinion is shared by analysts of the banking giant JP Morgan, which they voiced the day before. According to them, after the large-scale collapse of BTC and other coins, a new trend may begin to withdraw money from the crypt back to gold, since so far, due to its high volatility, Bitcoin is still not considered a reliable long-term investment

📌Bill Miller: The Bitcoin crash in March 2020 was historic, but now it's bullshit. Billionaire Bill Miller sees no reason to worry about the current decline in bitcoin. He stated this in a conversation with CNBC. “If I liked something at high prices, it is obvious to say that at low prices I will like it even more,” he said. At the same time, the investor noted that the 50 percent correction experienced by Bitcoin would be a disaster in the stock market, but is consistent with the movements of the cryptocurrency in the past. “I came to your show in March 2020 because then the market decline in four weeks was historical. The current situation is pretty common for Bitcoin, ”he said.

❗️ Crazy rollback: the bitcoin rate "went" by $12,000 down and up in 15 hours. Yesterday will go down in the history of the cryptocurrency market as the day of the fastest possible collapse and price recovery. In just 14 hours, Bitcoin crashed from $42,000 to $30,000 and came back. Ether and other altcoins also went into the "red zone", but recovering slowly

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Elon Musk pumps bitcoin again after the crash. Tesla CEO Elon Musk decided to support investors on the day of the collapse of the cryptocurrency market, for which many blame him. On Twitter, he posted a reminder that Tesla continues to hold its ground in Bitcoin. “Tesla has diamond hands,” he wrote using emoji. The term is often used by traders on Reddit to describe someone who holds an asset firmly despite a decline in value.

After reaching a local minimum of $30,000, Bitcoin bounced back to $37,000.

👀 Iranian miners will be forced to pay fines in case of mining cryptocurrencies at home. According to the press secretary of the Iranian Ministry of Energy Mostafa Rajabi, cryptocurrency miners using household electricity inside the country will be forced to pay "heavy fines." Rajabi added that cryptocurrency mining is allegedly one of the two biggest threats to Iran's electricity supply this year. The second possible problem is considered to be a decrease in power coming from hydroelectric power plants, against the background of a lack of rain.

📌SEC complained about threats of physical violence from XRP holders. The US Securities and Exchange Commission (SEC) has filed another motion with the court to prevent XRP token holders from joining its litigation with the fintech company Ripple. According to the department, such investors cannot join the case as “friends of the court”, since they are “too disunited”, and their interests coincide with those of the defendants. "In addition, the petitioners' representatives use devalued vocabulary and mention physical abuse, publicly attacking the SEC and its employees," - said in a statement.

📌Tether will add support for the Avalanche network amid high Ethereum fees. Stablecoin issuer Tether is preparing to launch USDT token on the Avalanche blockchain. This was announced by the technical director of the company Paolo Ardoino. The USDT release is expected in mid-June. Avalanche will be the ninth network to support the largest stablecoin on the market. USDT also works with Algorand, Simple Ledger Protocol (Bitcoin Cash), Ethereum, EOS, Liquid Network, Omni, Tron, and Solana.