Welcome, Crypto enthusiasts!

Bitcoin surges back towards 69K & Robinhood is releasing their crypto API for automated traders.

In Today’s Blockstreet Journal:

• BTC Surges Back to 69K

• Robinhood Drops Crypto API

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
🐂 Bitcoin surges back toward 69K 

Word On The Street: Bitcoin (BTC) surged toward $69,000 as Wall Street opened on May 30, driven by favorable U.S. macroeconomic data that provided a boost to risk assets.

The details:

• U.S. GDP data for Q1 met expectations, while jobless claims exceeded them, contributing to a bullish narrative for risk assets due to the potential for looser financial conditions sooner.

• Initial jobless claims were reported at 219,000 week-on-week, compared to the expected 217,000, and up from the previous month's 215,000.

• CoinGlass data indicated shifting liquidity conditions across order books.

Why it matters: BTC/USD was encountering resistance around the $69,000 mark, which increased with the release of economic reports. Meanwhile, bid support strengthened at $66,800.

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MARKET NEWS
🤩 Robinhood Releases Crypto API 

Word On The Street: Robinhood has announced the release of its crypto trading application programming interface (API) for users in the United States.

The details:

• The crypto trading API allows US-based traders to set up automated trading strategies, enabling them to react to market movements quickly and stay ahead of trends.

• With this API, users can trade crypto without opening the Robinhood app. Instead, they can write their programs to interact with real-time crypto markets, using algorithms and strategies to execute their trades.

• Johann Kerbrat, vice president and general manager of Robinhood Crypto, told Cointelegraph that the API empowers customers to “take full control of their trading strategies” and automate their trading.

Why it matters: Robinhood's new tool is designed for advanced crypto traders, who can leverage high-level functions to utilize their technical expertise for executing complex strategies. The API provides these traders with analytics, real-time data processing, and enhanced security. Kerbrat highlighted that Robinhood has created a dedicated website with API documentation and examples to help customers use the API effectively.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.54T, a 0.44% increase over the last day.

The total crypto market volume over the last 24 hours is $82.09B, which makes a 5.39% decrease. The total volume in DeFi is currently $5.83B, 7.10% of the total crypto market 24-hour volume. The volume of all stable coins is now $77.35B, which is 94.22% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.93%, an increase of 0.43% over the day.

Global Market Metrics

As of today, the current state of the cryptocurrency market is as follows:

- Total Market Capitalization: $2,544,330,247,377

- Total 24-hour Volume: $82,097,213,110

- Bitcoin Dominance: 52.93%

- Ethereum Dominance: 17.82%

DeFi Market

- DeFi Market Capitalization: $94,635,133,329

- DeFi 24-hour Volume: $5,834,397,927

Stablecoins

- Stablecoin MC: $154,576,355,598

- Stablecoin 24-hour Volume: $77,359,299,328

Derivatives

- Derivatives 24-hour Volume: $693,443,346,759

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ AniChess Mini Game Airdrop

Anichess was founded by Animoca Brands and has partnered with Chess.com. Anichess has confirmed their C token and an airdrop to players depending on their season 1 leaderboard rewards.

Step-by-Step Guide:

1. Visit the Anichess website.

2. The team had announced a Spell Chess Puzzle with daily bonus puzzles.

3. Users are rewarded with points for each puzzle completion.

4. Depending on the points earned, the users were also ranked on the leaderboard.

5. Players are rewarded with <REDACTED> based on their leaderboard position.

6. However, in a recent tweet, Anichess confirmed that the rewards will be moved from <REDACTED> to C token.

7. C tokens will be distributed based on the Season 1 leaderboard rankings.

8. More details regarding the C token and the airdrop distribution will be announced soon.

Other News

Singapore bank DBS in top 40 Ethereum holders with $648 million stash, Nansen finds. Some community members have speculated that the ETH might belong to the bank's customers.

Telegram Wallet enforces new KYC rules, switches provider. Before the KYC change, Telegram Wallet users did not have to provide any personal information to use the default version of the wallet.

NYSE Would Consider Crypto Trading If Regulatory Picture Were Clearer, President Says at Consensus 2024. NYSE President Lynn Martin and Bullish CEO Tom Farley discussed crypto regulations, changing U.S. politics and the limitations and opportunities of blockchain tech to improve traditional markets.

Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador. Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvador’s capital city, San Salvador.

🫡 Thanks For Reading

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