👹 Here's a Web3 superb mutant

Greetings, crypto bros and sis! The buidlbee team has once again gone 100% out of their way to gather all this superb information for you, which you'll find below in this email. Have a great weekend, and let's go! Here's what's on the menu 👇

• BRC20/BRC30 economics;

• Ethereum staking is rapidly gaining popularity;

• XRP is the most trendy asset of the month;

• What's new at Binance?

• Technical analysis: trying to define the future movement of Polygon (MATIC);

• Receiving rewards from Tabi.

And here is a roundup of interesting news:

• The US Nonfarm Payrolls (May). Unemployment rate: 3.7%; the previous month's reading was 3.4%. The unemployment rate is up. Weak labor market - weak dollar.

• Elon Musk was accused in a class action lawsuit of insider trading in DOGE because of the change of the original Twitter logo to the Dogecoin logo, after which the billionaire could sell DOGE for about $124 million.

• Arthur Hayes has published a new essay, Patience Is Beautiful.

• Stablecoin Tether USD (USDT) reached a new historical maximum. Its market capitalization exceeded $83.2 billion. The previous ATH was recorded in May 2022.

• Aave v3 MVP will be deployed to the Scroll mainnet in August.

• Circle will launch a native USDC on Arbitrum on June 8.

• Chainlink has signed a partnership agreement with China's largest investment company, Tencent Cloud, to accelerate the adoption of decentralized technology. And a little earlier, with Layer Zero, to create the first omnichannel bridge exclusively for LSD.

• The liquid staki of ETH on Rocket Pool is coming to the zkSync Era.

• Binance has finished integrating Tether (the stablecoin USDT) into the Arbitrum One and Optimism networks. Deposits for USDT on these networks will also be open.

• The U.S. Senate approved a two-year draft agreement to raise the national debt limit with 11 amendments.

• Polyhedra's zkLight client supports Fantom.

📈 XRP as the top trendy asset

According to Santiment, XRP Network is now the trending asset in cryptocurrency, as its price has jumped +22% in the past 19 days. We are also seeing the historically highest surge in address activity, now ranked 6th by market capitalization. The $XRP price is expected to be in an uptrend for at least the summer.

📦 Staking is gaining popularity

According to Glassnode, the Ethereum pool has been experiencing continuous growth for 20 consecutive days, resulting in over 589,824 active validators. We are seeing steady growth in the popularity of Ethereum staking, which is very positive for ETH in terms of the expectations of many investors.

👾 Bitcoin mutates toward Web3

The OKX exchange announced in a press release that it is launching a new standard, BRC-30, an expanded version of the popular BRC-20 protocol. The main innovation of the new standard is the BRC-20 token-staking mechanism.

The exchange's project team will issue BRC-30 tokens, create a staking pool, and bring in initial participants. Users will now be able to make deposits, withdrawals, and staking rewards.

Previously, we wrote about the ultra-fast development of a brand new ecosystem within Bitcoin based on BRC-20, with the first stablecoin and DeFi deployment primitive services.

🥼 The BRC-20 economy

• Bitcoin Magazine Ventures is launching the world's first investment fund for the BTC ecosystem. The fund will finance the creation of tools and infrastructure for Ordinals, Lighting, BRC20, DLC, etc. The start-up has already raised $90 million.

• It's very interesting how economically viable the Ordinals ecosystem is. Early numbers say that NFT sales on the Bitcoin network reached nearly $200 million in May, the highest in a single month.

• Ordinals, on the other hand, earn money from miners; according to May data, Ordinals now generate about 25% of all transaction fees, adding up to 40% of data to all transactions on the Bitcoin blockchain.

Based on these facts, we can state that BRC-20 is fast becoming a quite sustainable and self-sufficient business.

📰 Binance News

• The largest exchange in the world, Binance, is considering the possibility of allowing large traders to keep collateral in the bank rather than in the account of the exchange itself. This is a very interesting and unique initiative; the possibility of this is being actively discussed after the collapse of FTX and the loss of many investors.

Binance said that it is proud that it helped U.S. law enforcement agencies seize and freeze millions of dollars from accounts linked to organized crime. Binance is one of the leading exchanges in terms of compliance and is very responsive to any law enforcement inquiries, especially from the US. This close interaction with the authorities and spying on its users does not please ordinary users, giving Binance a bad reputation in this regard.

💲 Ides

[1] 🔔 Swell is giving away airdrop for staking

Swell is an advanced staking protocol with a mission to deliver the world's best liquid staking experience and simplify access to DeFi.

• 5% of all tokens will go to the airdrop. The more TVL there will be, the bigger the airdrop.

• Pearls will be given out for Ethereum staking. They can be exchanged for $SWELL tokens afterwards (at the TGE later this year).

This is a very promising staking model, in which, in addition to the standard reward for staking, an airdrop is awarded.

[2] 🔔 Polygon (MATIC) at a crossroads

The MATIC to USDT chart on the one-day time frame shows that the token is holding above the local uptrend line. According to cryptodailyuk's technical analysis, the first support is $0.89, and if $MATIC doesn't hold, the next ones will be $0.87, $0.84, and $0.81.

The first resistance is $0.91, and so far the token has failed to overcome it. If $MATIC manages to break it, then the next resistances will be $0.93, $0.95, and $0.97.

[3] 🔔 How to deserve a drop from Tabi

Tabi is an NFT marketplace on BSC. The protocol will have three main features: a marketplace, a launchpad, and an on-chain wallet activity indicator. The project has raised $11 million in investments from Binance Labs, Hashkey, Animoca Brands, and NGC Ventures.

Tabi has launched an event: complete tasks to get chests for them. The most important reward is the Iron Artifact Chest, which contains a mysterious SBT artifact. What exactly is in it (NFT, tokens, or something else) is not known yet.

How to participate:

• Go to the quests page and connect a wallet to the BSC network;

• Go to Step #1, Sailor's Quest;

• Connect Discord to the page;

• Join the project's Discord and verify by clicking on reactions;

• Go to the #get-voyager-role channel and get the Voyager role;

• Connect Twitter to the quests page and subscribe to Tabi;

• In the last quest, drop the quest link into your Twitter account and claim the chest;

• Step #2 requires inviting 5+ refs. For each ref, you’ll get one dragon egg and a chest, which varies depending on the number of refs.

• Also, they have Reddit quests and Galxe quests.

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