Daily Digest – May 4th

• Bearish sentiment and high volatility expected for Bitcoin ahead of Fed meeting – BTC indicator at historic low.

• The SEC almost its doubles crypto division to fight crypto-related crime.

• Coinbase collaborates with Goldman Sachs for first Bitcoin-backed loan.

• Axie Infinity (AXS) all-time sales surpass $4 billion.

Experts Predict Ethereum to Double in Price by the End of 2022

Ethereum (ETH) had a very successful run in late 2021, but ETH is yet to see any significant breakthrough this year. The 2nd most established cryptocurrency had reached an all-time high above $4,800 on November 10th, 2021, but fell short of its $5K expectations having plummeted to trade at $2,808.08 as of this writing. However, experts at Finder have expressed a positive outlook for ETH’s future...

Dogecoins Leave Smaller Wallets

Dogecoin, which has lost more than 22% of its value in the last 9 days, became the center of discussion between Elon Musk and Mark Cuban, and sparked another round of significant holder movement.

Nearly 40,000 Dogecoin wallets have relinquished the prominent meme coin during the past ten days.  These numbers were reflective of the much larger decline in DOGE holders witnessed earlier this year. In March approximately 700K wallets removed Dogecoin holdings from their accounts...

Elon Musk Picks Bored Apes For His Twitter Profile

Elon Musk shook crypto Twitter again. The billionaire CEO of Tesla and SpaceX, as well as the potential new owner of Twitter, updated his Twitter profile picture into Bored Apes Yacht Club (BAYC) collage just an hour ago today...

Coinbase Collaborates with Goldman Sachs for First Bitcoin-Backed Loan

Goldman Sachs made history in the cryptoverse after issuing its first-ever Bitcoin-backed loan in late April. Now, a new report shows that Coinbase has partnered with Goldman Sachs to release the bank’s first Bitcoin-backed loan...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,DailyCoin Team