2024-05-13

Author

Fernando Fierro
May 13, 2024

In partnership with

Howdy folks,

📉🏛 The U.S. government’s intense scrutiny of Tether has the cryptocurrency world on high alert.

The government’s research centers on whether Tether has sufficient reserves backing its tokens, a key factor in its role as the dominant stablecoin.

The outcome of this probe could reshape the entire stablecoin landscape as stability and transparency concerns grow.

In other news:

⛏💎 Bitcoin's new protocol, Runes, initially sparked excitement by promising to boost miners' revenues through memecoins.

However, recent data indicates a significant drop in activity, suggesting that Runes might not sustain its initial hype.

Miners are departing as network activity declines, and Runes struggles to meet the high expectations set at its launch. 🤔

đź“Łđź’˘ Meanwhile, Mark Cuban has publicly criticized SEC Chair Gary Gensler's aggressive stance against the crypto industry.

Cuban argues that the regulatory pressures could alienate crypto voters and potentially impact future elections.

He suggests that embracing crypto-friendly policies could be crucial for political leaders, especially with elections on the horizon. 🗳️

📉⛽ Lastly, Ethereum users are enjoying the lowest gas fees in years, a welcome development for cost-effective transactions.

Thanks to the Cancun-Deneb upgrade and a quieter market, fees have dropped dramatically, making everything from NFT minting to asset swaps more affordable.

However, the sustainability of these low fees amidst future network demands remains a question.

Green Energy Meets Bitcoin, Hidden Gem Company

This tiny company has all but cemented itself in the future list of bitcoin mining giants.

An industry shakeup of environmental regulations could spell catastrophe for others, while this company begins to soar.

The underlying factors?

Cheap production and carbon neutral mining.

But that’s just the start of it.

Subscribe to Bullseye Trade to learn more.

DailyCoin Daily Meme

Franklin Templeton’s CEO Excited About The Future of Blockchains, Cites Positive Experiments and Eye-opening Results

Franklin Templeton’s CEO, Jenny Johnson, is excited about the future of blockchain technology and integrating it into the firm’s operations. 

Coinbase Pushes for Clearer Regulation in the Crypto Space But Faces Major Resistance from SEC

Coinbase and SEC clash over the lack of clear crypto regulations. Is the current system outdated? DailyCoin delivers the latest crypto news.

Will Atomical ARC-20 Tokens Rise to the Top of the Bitcoin Ecosystem?

ARC-20 tokens, or Atomicals, are a new protocol and token standard used to mint and manage native fungible assets within the Bitcoin ecosystem.

Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!

DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

Sharing is caring!

Know someone who would like this newsletter?
Share this email with them so they can subscribe.