🧘‍♂️Recap: Crypto Week of May. 09

Dear Meditators

It’s not that you want to miss the latest crypto news and insights. These things happen.

? Our weekly recaps have you covered. 

Every Saturday, we will highlight the main events of the week ✅ So you can review, reflect and factor them into next week’s trading and investing decisions.

FRIDAY

• ? Unstablecoins. Stablecoins are dominating the market at the moment. But how much do you actually know about them? Click to read out Stablecoin 101 guide. 
• ? Sam Bankman-Frees Robinhood. Robinhood hasn’t had a good month. But redemption may be on the table for the exchange populating most millennials’ cell phones. Click to find out more.
• ? NFTs Get the Cold Shoulder The crypto market is reeling with grief, regret, and many other emotions this week. And now NFTs are getting hard done by as well. Click to find out more

Full Article

THURSDAY

• ? Bear in Mind. It’s ugly out there. But we want to help, so check out our bear market survival guide to help you through these tough times. Click to find out more.
• ? The Big Short. Rumours are flying on Crypto Twitter about how the LUNA/UST death spiral was triggered and whether it was done on purpose. Click for a summary of the thread made by OnChainWizard. 
• ? Coinbase Bankruptcy Could Wipe Out User Funds. The public is pretty scared right now with anything cryptocurrency-based. To add on, the third biggest exchange [by volume], Coinbase, said that if they go bankrupt, it may wipe out user funds. Click to find out more

Full Article

WEDNESDAY 

• ? Terra Bull or Terrible? A lot has gone on with UST this week, we take a deep dive into all the key details. Click to find out more. 
• ? Have’n Safe Assets. How do you keep your yield farming safe? Click to find out of full guide on just that.
• ⏱️ Time for a New Algo Stable or Time for Stable Regs? Before this weekend’s bank run that saw UST lose its peg, Justin Sun, creator of the TRON network, announced his own algorithmic stablecoin USDD. Click to find out more.

Full Article

TUESDAY 

• ? Tokenomics 102. Last week we had part one, and now we have even more in depth details on our Tokenomics guide. Click to find out more. 
• ? Bit The Dust. Bitcoin lost a quarter of its value in five days, diving to $30k last night. Click to find out the full details.
• ?️ Two Worlds Collide. A video was shared on Monday announcing that support for NFTs will be coming to Meta platforms with Instagram leading the charge. Click to find out more.

Full Article

MONDAY 

•  ? Still Alive But I’m Barely Br-ETH-Ing. Macro structure, key support, resistance and much more on our ETH technical analysis. Click to find out more.
• ? Terra Gets Grounded. As usual, when the Bitcoin price struggles, most altcoins do the same. This weekend was no exception. Especially on Terra. Click to find out more.
• ? Blender.io Iced by US. On Friday, the United States announced sanctions on Blender.io for allegedly helping North Korea launder millions in stolen Axie crypto. Let’s talk details. Click to find out more.

Full Article

Not financial or tax advice. The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. We are not financial advisors. Every investment and trading move involves risk. Do your own research when making a decision. See our important security disclaimers here. 

Disclosure. Some of the links we’ve included are affiliate, they give you rewards and discounts and earn us a commission. Additionally, the Market Meditator writers hold crypto assets. See our investment disclosures here.