### Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy! 

![image.png](https://images.hive.blog/DQmQLuydwkTHtYr4GKhNkRWRe2GPLtu5bCqB1XYuWDqofxC/image.png)

### [🗞 Market Wrap: Weak PayPal Pump Leaves Market Mostly Flat With BTC at $38K, ETH $2.7K](https://www.coindesk.com/market-wrap-weak-paypal-pump-bitcoin-ether)
>Hype around PayPal allowing users to move their crypto to other venues led to a market jump before tepidity set in.

>* Bitcoin’s 24-hour range: $37,317-$40,372 (CoinDesk 20)
>* Ether’s 24-hour range: $2,888-$2,650 (CoinDesk 20)

Bitcoin volatility dips

https://static.coindesk.com/wp-content/uploads/2021/05/btc527-775x407.png?format=webp

>Bitcoin, the world’s largest cryptocurrency by market capitalization, was up Thursday by at 0.75% as of press time. BTC was below the 10-hour moving average and the 50-hour, a bearish signal for market technicians. 

BTC volatility drops

https://static.coindesk.com/wp-content/uploads/2021/05/bitcoingold527-775x512.png?format=webp

*“The macro perspective has not changed,” added Kugelberg. The U.S. dollar’s “buying power is diminishing and reserves are being exchanged for gold and bitcoin.”*

https://static.coindesk.com/wp-content/uploads/2021/05/btcoptions527-775x566.png?format=webp

>After the $50,000 strike price, where there’s 16,000 BTC in open interest in the options market, the $40,000 strike is the next popular spot for options traders, according to data from Skew. While that might seem bearish at first look, George Clayton, partner at investment firm Cryptanalysis Capital, thinks this orientation is more about hedging. 

Ether open interest still popping
https://static.coindesk.com/wp-content/uploads/2021/05/eth527-775x404.png?format=webp

Ether might be winning the 'green' bet
https://static.coindesk.com/wp-content/uploads/2021/05/skew_eth_futures__aggregated_open_interest-5-775x433.png?format=webp

*“I think the ideological narrative is shifting a bit more in favor of ETH and Ethereum’s leadership has also been vocal about it,”* Shah said. *“Though ESG is a scapegoat, it may be enough of a buzzword to cause at least a temporary shift in sticky capital allocations.”*

### [🗞 NFT volume has more than tripled — even amid price crash — as Meme.com raises $5M](https://cointelegraph.com/news/nft-volume-has-more-than-tripled-even-amid-price-crash-as-meme-com-raises-5m)

>The popularity of non-fungible tokens, or NFTs, shows little sign of slowing down, despite the extraordinary marketwide crash that wiped more than $1 trillion off the crypto market cap.

>According to a report by decentralized app marketplace DappRadar, the average number of NFT sales rose almost 300%, from 21,815 per day in January, to 82,373 in May (so far). This number rose even higher as crypto prices started to plummet on May 12, with sales surging to almost 94,000 NFT transactions a day.

https://s3.cointelegraph.com/uploads/2021-05/7c8ea8c7-270e-46a5-8242-d7fa33bfe290.png

>Although the number of trades has increased, the value per trade took a hit immediately as crypto prices started to drop. The first 11 days of May saw an average of $14.9 million traded daily, however, since then, the volume dropped to under $6 million per day. Many NFT owners appear willing to take a loss this month with the average token sale price dropping from $180 to $70.

### [🗞 Liquidity Mining Will Return to Uniswap ‘Very Soon,’ Founder Says](https://www.coindesk.com/uniswap-liquidity-mining-return)

>Uniswap, the leading automated market maker (AMM) on the Ethereum blockchain, should be running a liquidity mining program again in short order, its founder said.

>“I think it’s going to be very soon,” Hayden Adams said in a prerecorded interview broadcast Thursday to wrap up Consensus 2021. “One thing that we’ve seen in the past couple of weeks is basically a grant from the Uniswap grants program, which comes from governance, that was … issued to someone who’s working on liquidity mining smart contracts. And so we’re kind of seeing the community build this out.”

>Liquidity mining is a kind of yield farming in which users of a decentralized finance (DeFi) product earn an additional token on top of the regularly expected yield just for putting assets into a liquidity pool – hence the term, “liquidity mining.”

![image.png](https://images.hive.blog/DQmQBvP5HpxQkJC423F1AyetvZN7f7ZumyXYueh4j4utewb/image.png)

### [🗞 Shanghai Man: Miners banned, exchanges targeted? Here's what's really happening](https://cointelegraph.com/news/shanghai-man-miners-banned-exchanges-targeted-here-s-what-s-really-happening)

China regulations, FACT or FUD?

>Normally, this weekly column takes a broad look at all the developments, news, and even gossip from within China. This week, most topics took a backseat to the news that another crackdown had rippled through the industry, threatening to topple markets into a full-blown bear market.

Abandoning the mines

>It was all fun and games until a ruling came down from the top. Liu He, who is Vice Premier of China and member of the all-powerful eight-person politburo, led a meeting on preventing and controlling financial risks. Among the decisions was a crackdown on Bitcoin mining and trading activities, putting a dagger through the heart of anyone hoping to see a more open regulatory environment. There were immediate signs that the ruling would not be taken lightly, with the province of Inner Mongolia setting up a reporting hotline to rat out people disobeying the order.

### 🗞 Daily Crypto Calendar, May, 28th💰

* Seedify.fund (SFUND)
>"Let's set the date on that as 28th of this month for mainnet launch."

* Beldex (BDX)
>"Bilaxy Lists Beldex (BDX). Deposit/Withdrawal: Enabled. Trading : 11:00AM, 5.28 UTC."

* Student Coin (STC)
>"Major Global Exchange Listing II"

* Reef Finance (REEF)
>"ReefChain Will Deploy the Canary Version of our Mainnet on May 28."

* Smaugs NFT (SMG)
>"#BitMart will list @smaugsnft on May 28... $SMG/USDT and SMG/ETH pairs will be tradable at 3 PM EDT, May 28"

![image.png](https://images.hive.blog/DQmQZfoZT7nkUt1bW4bDD1UTbBJdTEu77pKcCHkfQMfgtZr/image.png)

* [🗞 Daily Crypto News, May, 27th💰](https://leofinance.io/@vlemon/daily-crypto-news-may-27th-2um6hn)
* [🗞 Daily Crypto News, May, 26th💰](https://leofinance.io/@vlemon/daily-crypto-news-may-24th-3srf1i)
* [🗞 Daily Crypto News, May, 25th💰](https://leofinance.io/@vlemon/daily-crypto-news-may-24th-3srf1i)
* [🗞 Daily Crypto News, May, 24th💰](https://leofinance.io/@vlemon/daily-crypto-news-may-24th-3srf1i)
* [🗞 Daily Crypto News, May, 22nd💰](https://leofinance.io/@vlemon/daily-crypto-news-may-21st-4syehy)
* [🗞 Daily Crypto News, May, 21st💰](https://leofinance.io/@vlemon/daily-crypto-news-may-21st-4syehy)


#### Latest Analysis

* [Crypto Markets are taking a breather !](https://leofinance.io/@vlemon/crypto-markets-are-taking-a-breather)

* [Debunking the Bitcoin Energy Consumption FUD !](https://leofinance.io/@vlemon/ekgioahv)

![image.png](https://images.hive.blog/DQmQZfoZT7nkUt1bW4bDD1UTbBJdTEu77pKcCHkfQMfgtZr/image.png)


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