This Week in Crypto: Stimulus Incoming, ETFs, ADA Pump & More!!

May 31, 2021

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Essential Videos

Last Week’s Crypto News https://youtu.be/aT724-ELO60
Why I’m Scared Of Inflation https://youtu.be/bw6giyX7DhE
Kusama Parachain Slot Auctions https://youtu.be/-vZmJx8yv10
Ren Cryptocurrency Explained https://youtu.be/3MqWqXiRCEY
Bitcoin ETF Effect Explained https://youtu.be/o3-j0JTTJYE
Bitcoin Wyckoff Method Explained https://youtu.be/ltcnTTeDFjY

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- TIMESTAMPS -
0:00 Intro
2:27 US Announces More Spending
4:40 Bitcoin Mining Council Concerns
7:00 Uniswap Whale Pushes Own Proposal
9:02 DeFi Investment And Use Continues To Increase
11:18 Ren On A Roll, Wen Pump?
13:14 PayPal, Robinhood, And Apple Push Into Crypto
15:38 Coinbase Introduces Fact Checker, Media Move
18:06 ETFs Under Review At The SEC
19:57 Weekly Crypto Market Analysis
24:11 Conclusion

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️ Useful Links ️

► US 6 Trillion Spending Plan Details: https://www.bbc.com/news/world-us-canada-57285970
► Bitcoin Mining Council Forms: https://cointelegraph.com/news/bitcoin-mining-council-emerges-following-...
► Uniswap Whale Pushes Own Governance Proposal: https://cointelegraph.com/news/harvard-law-bfi-throws-10-5m-votes-behind...
► Pricewaterhousecoopers Crypto Hedge Fund Report: https://www.pwc.com/gx/en/financial-services/pdf/3rd-annual-pwc-elwood-a...(may-2021).pdf
► Ren’s Recent Integrations: https://cointelegraph.com/news/as-market-slumps-ren-bolsters-defi-liquid...
► Robinhood To Allow Crypto Withdrawals: https://decrypt.co/71918/robinhood-will-soon-let-you-move-your-dogecoin-...
► Apple Crypto Job Posting: https://cointelegraph.com/news/apple-seeks-to-hire-alternative-payments-...
► Coinbase Fact Checker: https://blog.coinbase.com/announcing-coinbase-fact-check-decentralizing-...
► Axios Reports Coinbase Media Aspirations: https://www.axios.com/coinbase-media-editor-crypto-682b8dca-11dd-4efc-93...
► SEC Begins Review Of Bitcoin ETFs: https://www.coindesk.com/sec-starts-official-review-of-skybridge-fidelit...
► Near Protocol Aurora Explained: https://near.org/blog/aurora-launches-near/

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US Announces More Spending

This news couldn’t be more bullish for things like stocks and cryptocurrencies, because there is a high likelihood that a portion of that 6 trillion dollars will inevitably find its way into asset markets

️‍‍Bitcoin Mining Council Concerns️‍‍

Many are drawing parallels between the Bitcoin Mining Council and OPEC, a conglomerate of oil companies who have significant influence over the price and distribution of oil around the world

‍‍Uniswap Whale Pushes Own Proposal‍‍

The UNI whale in question was the blockchain arm of Harvard’s Law school which pledged a whopping 10.46 million UNI in favor of their proposal to fund crypto lawyers, lobbyists, and political groups

DeFi Investment And Use Continues To Increase

PriceWaterHouseCooper’s third annual crypto hedge fund reveals that big money is flowing into DeFi tokens. Their top picks are the AAVE token, Chainlink’s LINK, and oddly enough, Polkadot’s DOT

Ren On A Roll, Wen Pump?

Layer 2 scaling solutions for Ethereum like Polygon and Ethereum alternatives like Fantom have become increasingly popular over the last few months. Ren is playing an important role

PayPal, Robinhood, Apple Push Into Crypto

PayPal and Robinhood will soon let their users withdraw crypto to their own wallets. Apple is looking to hire for a position similar to PayPal’s last year a few months before they introduced crypto payments

Coinbase Introduces Fact Checker

A recent blog post by CEO Brian Armstrong he notes that QUOTE ‘every company is becoming a media company’ because of social media
ETFs Under Review At The SEC

According to CoinDesk, the SEC is currently reviewing 6 Bitcoin ETFs in total, with the two most recent being those filed by Skybridge and Fidelity Digital

Weekly Crypto Market Analysis

On the leaderboards, this week’s winners are Enjin Coin, Near Protocol, Cardano, Telcoin, and the Curve token.

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Disclaimer

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #crypto #news #ETF #defi #coinbase #cardano #ADA

The views or opinions expressed in the broadcasts are solely those of the individuals involved and do not necessarily represent those of INK Research and Canadian Insider.

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