📈 Pepe goes the same way as SHIB

Hello, readers. The buidlbee team is delighted to present you with our latest newsletter, filled with information that will keep you engaged and excited. Get ready to explore the ever-evolving world of digital assets. Here's what's on the menu today:

• Banking crisis in the U.S. continues.

• DASH released… a new database.

• Technical analysis: Will PEPE follow SHIB's gains?

• A four-week quest from mySwap.

This is what happened in the last 24 hours in the industry:

• The UK has approved a law to regulate cryptocurrencies and stablecoins

• PancakeSwap DEX added support for the Polygon zkEVM network

• Slovakia plans to reduce taxes related to crypto sales

• Donald Trump's wife, Melania Trump, issued an NFT collection

• AlloyX will launch a vault for investing in tokenized loans

• Ubisoft has revealed its first blockchain game

Current market contradictory situation

Bitcoin reaches $31k for the second time in 24 hours. Such growth against the backdrop of a stronger dollar around the world is quite unusual.

Most experts attribute it to new PCE inflation data, which came out today in the U.S. The preferred inflation figure falls to 3.8%, below the expected 4.6%. This is the biggest monthly drop this year. The Fed may finally be winning the fight against inflation. This reduces the likelihood of an interest rate hike, to which the market is reacting with euphoria.

Amid this good news, the SEC suddenly announced in the afternoon that bids for spot Bitcoin ETFs were inadequate. The market reacted with a sharp drop to $29k.

Banking crisis in the U.S.

The Fed's bailout of banks hit a new weekly high of $103 billion. The Emergency Loan Facility Program (BTFP) was introduced in March amid the start of the U.S. banking crisis. In fact, this Fund is aimed at an emergency bailout of troubled banks.

According to the Federal Reserve Bank, BTFP hit a record $103.08 billion in loans in a week. This means that the Fed is still intensively rescuing financial institutions, despite its attempts to assure the financial world that the banking crisis is supposedly over.

Massive delisting of altcoins continues

Neobank Revolut is delisting Cardano, Polygon, and Solana due to threats from the SEC.

Recall that just last week, these leading altcoins also had Bakkt, Robinhood, and eToro removed from their platforms. So far, the dynamics for altcoins are alarming; if this cleanup continues, it will inevitably lead to a decline in their capitalization.

Which dApps are the most active?

Let's try to look at the current world of DeFi from an unusual angle — which major projects generated the most commissions in the last quarter? It's a great metric to see which projects continue to have high user activity. And Lido Finance, the largest staking provider, is the leader here:

💲 Ideas

[1] 🔔 Dash as a solution provider

DASH announced the release of their decentralized database, GroveDB, which they plan to open source.

It is not only an interesting product and solution, but also an unusual step in the promotion of DASH. It is an attempt to create an interesting NoSQL tool that can be useful for many crypto projects. It is a strong application to the market of database solution providers, which shows the great potential of DASH. You can read more about the project in this thread; the GroveDB site is here.

Yesterday's announcement of the new project led to a 4% rise in the coin:

[2] 🔔 Is a massive PEPE pump on its way?

Crypto analyst FieryTrading discovered similarities between PEPE and SHIB. He noticed that both assets showed sharp growth in a short period of time, especially after they were listed on Binance.

So, in the expert's opinion, PEPE can wait for the destiny of SHIB, which at first also passed the accumulative stage, alternating with bearish trade, and then started the bullish movements.

The reasons to think so give a possible rise in BTC in the near future, which can also influence the strengthening of PEPE and maybe the growth to the new historical maximum (for now it's $0.000004354).

In 2021, the Shiba Inu soared 1,200% in just a few weeks after a long accumulation. So you can imagine what would happen if PEPE went the same way.

*Any technical analysis in the long run cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions

[3] 🔔 NFT from mySwap

mySwap, DEX in the Starknet ecosystem, has started four weeks of quests. To get the NFT, one must perform the tasks. The main condition is interaction with the project's dApp.

To get tokens for the first week, you need to:

• Go to Swap;

• Swap ETH for wstETH;

• Go to the Pool tab.

• Make one or more swaps in the ETH/wstETH pool. The total volume must be above 0.03 ETH.

It's important to note that mySwap doesn't have its own token, so there's a chance they may get dropped in the future for doing quests today.

The list of quests is published here, and the deadline is July 5. Good luck, guys.

Farewell, intrepid adventurers of the crypto world. As you forge ahead on your journey through the realm of digital assets, may you stumble upon a treasure trove of prosperity and be spoiled for choice. Here's to a marvelous weekend brimming with blissful moments and well-deserved relaxation. See you next week.

🔥 Attention

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