🔸️Crypto 🔹️Nfts 🔸️Metaverse

💰 ShibaSwap 2.0 Goes Live On Shiba Inu’s Layer 2 Blockchain The DEX will feature improvements from the ecosystem’s Ethereum-based app, and expand the utility of the Shibarium blockchain. Per a press release shared with CryptoPotato, ShibaSwap 2.0 will include new features like improved user processes for adding and reducing liquidity, staking and trend analysis. It will also feature discovery charts for new and trending tokens, and foster onboarding for new tokens into the ShibaSwap market. Source 🔊 @Crypto_Nfts_Metaverse

🔵 Stablecoin issuer Circle eyes US move, setting stage for rumored IPO Stablecoin issuer Circle reportedly plans to shift its legal home to the United States from Ireland for undisclosed reasons, Bloomberg reported on May 15. Circle’s decision to shift to the US comes as a surprise, given the advantageous low corporate tax rates it enjoyed in Ireland. Additionally, the move could subject the crypto firm to a heavier tax load and confront it with the challenges of a less favorable regulatory landscape. Source 🔊 @Crypto_Nfts_Metaverse

💰 Bitcoin sees correlation with equities as Brazil’s 4-month trading volume hits $6 billion Kaiko Research said Bitcoin’s (BTC) correlation with equities is rising, with a 90-day correlation rising to 0.17 last week after hitting a multi-year low of 0.01 in March. Meanwhile, Brazil experienced a significant rise in volume and is outpacing the dollar. Bitcoin’s 90-day correlation with equities rose to 0.17 the week of May 5, above its multi-year low of 0.01 in March, according to the firm’s May 13 research report. Source 🔊 @Crypto_Nfts_Metaverse

💰 New Hampshire representative proposes Bitcoin ETF investment to address state financial liabilities New Hampshire State Representative Keith Ammon discussed the potential benefits of the state diversifying its financial reserves into Bitcoin exchange-traded funds (ETFs) in a May 12 social media post. The SEC approved trading spot Bitcoin ETFs on US exchanges in January. Since then, the products have generated huge interest, with major financial institutions like JPMorgan Chase, trading firm Susquehanna International Group, and others revealing substantial holdings in these ETFs. Source 🔊 @Crypto_Nfts_Metaverse

🇯🇵 Japan’s Metaplanet adopts bitcoin as reserve asset amid yen slump Metaplanet Inc., a Tokyo-listed crypto investment and consulting firm, has adopted bitcoin as its strategic treasury reserve asset in response to the persistent economic adversity in Japan. “The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen,” the company said Monday in a release. Source 🔊 @Crypto_Nfts_Metaverse

🇰🇷 South Korea's 💰 Bitcoin Premium Narrows, Yet Remains Above Global Average Recent figures show that despite bitcoin’s downturn in price, premiums in South Korea have diminished yet remain around $1,800 to $2,000 higher than BTC’s weighted global average price. Further metrics reveal that the South Korean won still ranks as the second most traded fiat currency against bitcoin, accounting for 2.07% of all spot bitcoin trades, only behind the U.S. dollar. Source 🔊 @Crypto_Nfts_Metaverse

🇺🇸 SEC Rebuts 🏦 Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question U.S. regulators said an appeals court shouldn't heed Coinbase's request to review how – or if – conventional securities rules apply to cryptocurrencies. Coinbase, the largest U.S. crypto exchange, filed for permission to ask the Second Circuit Court of Appeals if the Howey Test, a longstanding Supreme Court assessment for securities, should apply to digital assets. Coinbase hopes it doesn't. Coinbase hasn't successfully argued this is needed, the U.S. Securities and Exchange Commission said Friday. Source 🔊 @Crypto_Nfts_Metaverse

🇺🇸 Mark Cuban slams SEC's Gary Gensler, says 'crypto voters will be heard' in the 2024 election Billionaire Mark Cuban responded to former 2024 Republican presidential candidate Donald Trump's courting of crypto in a Friday social media post, claiming that crypto will play a large role in the 2024 election. "If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and the SEC," Cuban wrote on the social media platform X. "Crypto is a mainstay with younger and independent voters.". Source 🔊 @Crypto_Nfts_Metaverse

💰 Bitcoin's 'Kimchi Premium' shrinks as South Korea's crypto enthusiasm weakens Bitcoin’s Kimchi Premium hit 1.54% on Friday afternoon in Asia, according to data from CryptoQuant. The premium, which refers to the price percentage gap between bitcoin (or other cryptocurrencies) in South Korea and elsewhere, has been in a steady decline since mid-April. CryptoQuant’s data compares the bitcoin price in South Korea with that of the U.S. market. Source 🔊 @Crypto_Nfts_Metaverse

💰 Core Scientific reports $210.7 million in Q1 net income, 2,825 BTC production Core Scientific reported a $210.7 million net income for the first quarter on May 8. The change represents an increase of $211.1 million from the first quarter of 2023, when the company reported a net loss of $0.4 million. The company also reported $179.3 million in first-quarter revenue, including $150 million from crypto mining and $29.3 million from hosting. The change in total revenue marks an increase of $58.6 million compared to the first quarter of 2023 when the company reported revenue of $120.6 million. Source 🔊 @Crypto_Nfts_Metaverse