📊 Sentiment: #BTC and #ETH show historically low supply on exchanges

📉 #BTC glassnode: Transfer volumes remain weak compared to the 2021 bull market. Network bandwidth dropped by 79%

📊 #BTC glassnode: The percentage of transaction fees coming from Inscription transactions remains elevated at 26%.

However, the current dominance of fees remains well below its peak when Inscriptions were responsible for a staggering 62% of all TXs fees.

🇺🇸🗣 Republican Senator Cynthia Lummis doesn't think the Biden administration's proposed 30 percent miner tax #BTC will pass through the House of Representatives: “It is absolutely critical that the development of this technology, as well as Bitcoin mining itself, take place in the United States.”

🥳🔓 Upcoming releases next week:
#ID 0.8% ($7.3M) - May 22
#EUL 0.5% ($251.6K) - May 24
#RON 1.5% ($14.4 million) - May 27
#YGG 1.7% ($3.2M) - May 27
#AVAX 1.3% ($140M) - May 28

🇺🇸 The White House says the stock market will collapse by more than 45% if the US defaults on its debt.

👀 Demand for tokenized versions of US Treasuries is skyrocketing. The combined market capitalization of tokenized money market funds is approaching $500 million and has quadrupled this year.

🇧🇬👀 Binance Partner Latam Gateway has been licensed to operate as a payment institution and e-money issuer in Brazil.

👀 #EOS EOS Network Foundation CEO: In order for Blockone to meet its $1 billion investment commitment, legal action or a hard fork could be taken. twitter.com

⚠️🏴‍☠ #TORN The management of Tornado Cash has effectively ceased to exist today. At a malicious suggestion, the attacker appropriated 1,200,000 votes for himself. Since that's more than ~700,000 legitimate votes, they now have full control.

The Tornado Cash attacker obtained a total of 483,000 TORN from the Tornado Cash management vault and placed 6,000 TORN in Bitrue. Also exchanged 379,300 TORN for 375 ETH. He still had 97,700 TORN left that weren't sold.

Binance suspends TORN deposits until further notice

🔛 Polygon zkEVM launched Hyperlane cross-chain application development platform. Medium.com

🔛 #XRP Over 87.3M XRP transferred to Binance today from unknown addresses

🖼💸 7 #NFT whales sold over 400 Doodles, the minimum price of which fell to 2.25 ETH.

🇺🇸🙋‍♂ Another US presidential candidate, Vivek Ramaswamy, is accepting #BTC donations. cointelegraph

🔄 Nimbus Ethereum client has released version v23.5.1, improved compatibility with third-party validators and beacon nodes. github.com

👀 From May 1 to date, the ARK Foundation has increased its holdings in #GBTC by approximately $1.13 million arctrace.com

👀 Mike Kanowitz, a partner at law firm Loevy & Loevy, stated on Twitter that the settlement request letter was sent as an NFT to a wallet address associated with the influencer known as Ben.eth

He claims that Ben.eth “used a manipulative launch strategy” for the Psyop (#PSYOP) token, which raised $7 million in an initial 72-hour presale.

Kanowitz also threatened to subpoena the influencer's reports, saying "this evidence will put the final nails in your coffin."

📊👀 #ETH annual growth rate was -0.4486% (deflation) yesterday. Consistent deflation for 56 days.
30D Total Supply Change: -144799 ETH
Total supply change since the merger: -250039 ETH

In the last 24 hours, ETH 2.0 staking has increased by 43.49K ETH, the current total staking is 18.52M ETH, 15.56% of the total supply.

🌐 Meta is negotiating a multi-year deal with AR company Magic Leap and will continue building the Metaverse ft.com

👀 Vitalik: zk-SNARKs will be as important as blockchains in the next 10 years twitter.com