Digital coins weekly digest: crypto newsletter

Contents

1 🍕 Bitcoin Pizza Day
2 🔙 BlackRock has removed staking from its application for a spot Ethereum-ETF
3 🪙 Donald Trump has started accepting donations in crypto
4 ⚡Memecoin PEPE reached a new ATH – $0.0000142
5 🔑 Key crypto market highlights (May 22-29)
6 💵 Ideas

🍕 Bitcoin Pizza Day

14 years ago on this day, a Florida resident paid 10,000 BTC for two pizzas in the first BTC transaction.

🔙 BlackRock has removed staking from its application for a spot Ethereum-ETF

The Nasdaq exchange has filed an amended Form 19b-4 with the U.S. SEC to register BlackRock’s spot Ethereum-ETF. The main change in it is the absence of staking. Bitwise also updated its application.

🪙 Donald Trump has started accepting donations in crypto

United States presidential candidate Donald Trump, as previously announced, started accepting political donations in cryptocurrencies backed by the Coinbase Commerce platform. They are Bitcoin, Ethereum, Solana, USDC, XRP, Dogecoin, Shiba Inu, ApeCoin, Bitcoin Cash, Dai, and Litecoin.

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⚡Memecoin PEPE reached a new ATH – $0.0000142

Market capitalization is $5.3B and with that, there is heavy buying at current prices.

🔑 Key crypto market highlights (May 22-29)

DAPPCON 24 – a three-day conference in Berlin for Ethereum developers (21-23.05).
White Coffee Cat (WCC) to hold airdrop (22.05).
Telekom & Friends event in Berlin hosted by Aleph Zero, NEAR, Polkadot, Fetch.ai and Deutsche Telekom (22.05).
The Neutron network (NTRN) upgrade (23.05).
MultiversX to host the demonstration of Sovereign Chains (23.05).
Book.io (BOOK) will host an airdrop (24.05)
AltLayer (ALT) token unlocks – 105.21M coins, or 7.73% of the circulating supply (25.05).
Nym (NYM) to unlock 25M tokens, or 3.26% of the circulating supply (27.05).
Yield Guild Games (YGG) token unlocks – 16.69M coins, or 4.51% of the circulating supply (27.05).
NFC SUMMIT in Lisbon (28-30.05).
MEMECON in Lisbon (28-30.05).
Optimism (OP) to unlock 24.16M tokens, or 2.22% of the circulating supply (29.05).

💵 Ideas

[1] 🔔 Taiko’s new activity

Taiko is a fully open-source, permissionless, Ethereum-equivalent ZK-Rollup.

The project launches the Trailblazers pre-main challenge. The task is to get a badge, which will give bonuses, and then perform the next tasks to obtain points. So far the tasks and activities are very easy:

go to the website;
connect your Twitter;
post a tweet;
link your wallet;
wait for more tasks.

[2] 🔔 Trade alert: potential PEPE short

According to Alan Santana’s technical analysis, a new trading possibility as PEPE is showing signs of an upcoming correction. The high trading volume earlier this year has dropped, even though the token was reaching new highs. This signals a potential for a PEPE drop (wave C).

Key points:

Volume drop: notice how the trading volume is much lower now compared to March, indicating a potential drop.
Correction phase: the rapid growth after late 2023 needs to be corrected, which we see happening now.

Leverage: 3X
Buy-in: $0.000011600 – $0.000009950

Targets:

$0.000009750
$0.000009050
$0.000008400
$0.000007450
$0.000006750
$0.000006200
$0.0000005555
$0.0000004950

Stop-loss: Close weekly above $0.000012500
Potential plus: 158%
Capital allocation: 3%

Updates:

May 15: Expect a short-squeeze before rewards.
May 16: Consider raising leverage to 5X (not financial advice).
May 19: Targets 1 and 2 hit. The next target is $0.000008400.
May 20: Use bounces as new short push. Patience is key.

The PEPE short is still valid. Be aware that big market players might try to push prices up to trigger stop-losses. The bearish potential remains, but leveraged trading is risky and requires adaptability.

^{*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] 🔔 Early access to Cyber staking

Team Cyber has opened early access to $CYBER staking. It will run until June 3, and on June 8 there will MainNet Staking launch along with a $1K $CYBER distribution to Season 1 participants.

Season 2 will run from June 8 through September 8, with $500K $CYBER allocated. Once MainNet Staking is launched, the withdrawal will be available at any time;