⭐ Binance is going to raise new stars

Happy Friday, brothers and sisters! This is YOUR buidlbee, the crypto community. The market has not yet had much of a breakup, but there are still plenty of options. And a lot of intriguing events. About this, as well as some bright ideas, in our letter. So, here's what's yummy on today's menu:

• FTX is suing Sam Bankman-Fried;

• Bitcoin's optimism rating;

• Binance's reality show has kicked off. Why might this be of interest to investors?

• Will the bulls be able to double HIGH (technical analysis)?

• Next NFT week Linea Voyage at Galxe. How to participate?

And before we get to the juiciest part, here's a list of the day's highlights:

• Coinbase is releasing its subscription service, Coinbase One, in 35 countries.

• SandBox has announced the acquisition of two new lands: K-VERSE and Hallyu Rising. Details to follow.

• Research by security agency DilationEffect found that buying someone else's Apple ID allows them to steal cryptocurrency assets in their wallet by recovering data.

• Nansen: when someone makes a withdrawal request via Lido Finance, they get NFT.

• DappRadar: May could see NFT sales fall below $1 billion for the first time this year.

• Multichain liquidity protocol Symbiosis Finance said it will deploy a native SIS token on the zkSync blockchain. SIS was previously launched on Ethereum and the BNB Chain.

• Binance Spot is now integrated with Trading View.

• The Rarible Marketplace is distributing Rarible Bear Passes (it's not clear what they're for yet). It takes about $0.03 to mint on the Polygon network.

🗿 Current state of the market

• The funniest and shortest news for Friday is that the bankrupt FTX exchange is suing its CEO, Sam Bankman-Fried. The culprit behind this epic collapse has finally been found.

• Over the past two days, Bitcoin's price has declined slightly, remaining at $26k. Moderate pressure on the market is explained by the fact that BTC miners continue to sell their reserves. For example, more than 2,000 BTC were sold in the last 24 hours. In addition, on Friday, the BTC whale transferred 10,000 BTC (the equivalent of ~$267 million) to the Coinbase exchange, which is causing additional pressure on the market.

🔢 Bitcoin's optimistic numbers

• As a result of another recalculation, the first cryptocurrency's mining difficulty has updated to a high of 49.55 trillion hashes, an increase of 3.22%. The average hash rate for the period of two weeks following the previous change was a record 367.3 EH/s (indicating that miners are increasing their computing power). We have long suggested using the hash rate as a synthetic indicator of the degree of optimism in the crypto industry because investing in mining is very expensive and requires long-term industry certainty.

• Over the past 24 hours, the equivalent of $8.2 million in transactions were conducted with NFTs based on the Ordinals protocol. Ordinals collections ranked first and third in the world's most popular NFTs, while the ETH token series ranked second and fourth in the last 24 hours. The Bitcoin network rapidly entered the NFT rankings, and within a month, reached more than 50% of trading volumes with NFT from the former market leader Ethereum.

• The NFT Bitcoin Frogs collection came out on top in terms of sales, outperforming all competitors. Bitcoin Frog's trading volume exceeded $2 million during the last 24 hours. The Bored Ape Yacht Club (BAYC) series ranked second, with just over $1.1 million spent on it.

🗯 JPMorgan's Bitcoin analysis

JPMorgan analysts compared the current Bitcoin cycle to the 2017-2019 cycle and found a lot of overlap. If nothing fundamentally changes in this logic, then after trading around $27,000, we will have to go somewhere around $40,000 sometime this fall.

🌃 Ethereum has stabilized

• The number of coins staking on the Ethereum network reached a record high of 18.6 million, or 15% of the circulating supply, which is ~$33.8 billion at current exchange rates. The figure began rising rapidly on May 9 and is up 2% today.

• DeFi Lido Finance is the most popular; this service accounts for Z4% of blocked assets, other liquidity pools account for 40%, and exchanges control 28% of stacking coins.

Thus, it can be summarized that the market has fully processed the negative effect of unlocking a large number of coins from staking in April, and even vice versa, the number of coins in staking began to grow rapidly.

💲 Ideas

[1] 🔔 Binance is going to raise new stars

Binance, the world’s leading cryptocurrency infrastructure provider, is debuting “Build The Block,” a new global digital show where Web3 startups will compete for investment from Binance Labs.

The show has just recently been launched and will feature 12 projects. The Binance Labs Incubation Program is packaged in a TV show format. The winners of this qualifying tournament will be supported by Binance in their promotion. That's why we recommend selecting teams carefully. All 12 projects of the participants can be found at this link. You can already watch the first and second episodes of this show to get acquainted with the pitches of the first 4 projects.

[2] 🔔 Keep an eye on Highstreet ($HIGH)

The token Highstreet (HIGH) makes an attempt to break through resistance after a long downtrend. A set-up is forming that can reverse the market.

According to the technical analysis of RLinda, if the coin enters a new range, the liquidity area of $2.060 may become the target.

• Strong support: $1.633.

• Strong resistance: $2.060, $2.598.

If the bulls manage to keep the price in the green zone against previously broken resistance, HIGH/USDT will continue on its way to $3,000.

[3] 🔔 How to get NFTs from Linea

Linea is a developer-ready zk rollup that allows you to scale Ethereum dApps with simple and easy-to-use tools.

Linea Voyages is a set of weekly challenges and opportunities that allow users to explore the Linea ecosystem and help its team.

At this link, you can see a list of quests and the number of points you get for completing them. You can get them until May 22 if you complete the quests before May 21. If you see the message "You are NOT eligible," wait for the address list to be updated. For completing the entire event, the Linea Voyage team promises a set of NFTs, which you will receive based on your contribution to the protocol. More information about NFTs will appear at the end of May.

Before starting the quest, it is advisable to check the instructions to be sure to do everything correctly and get points.

• Bilinear

• Zonics

• GhostNFT

• NFTs2me

Let's work hard together to enjoy cocktails by the ocean afterward, knowing that our efforts were not in vain! To the moon! 🍹

🔥 Attention!

You have received this mail because you have subscribed to a newsletter at buidlbee. Please make sure you have seen and understood our disclaimer before reading. You may always unsubscribe from our mailing list by clicking on Unsubscribe. If you received this in error, please contact buidlbee, delete this email and any attachments immediately.