Daily Crypto NewsEDITION #212, 11 May 2021

Will ETH break JPMorgan's backbone?

Hey #Moni Maker 👨‍🎓

Today, in 1997, the world chess champion Garry Kasparov admitted defeat in a match with the IBM "Deep Blue" computer. Undoubtedly, computers are smarter than most people, but should we compete with them?

In our opinion, blockchain works only for the benefit of humanity. And we are working for the benefit of the blockchain.

Oh yes, digest ... let’go!

The infographic shows how the ETH price behaved on a monthly basis throughout this year.

In addition, Ethereum approached JPMorgan in terms of capitalization

ETH is the leader in terms of the volume of liquidations of margin positions over the last 24 hours with a value of $ 169 million. The ratio of liquidations of long and short positions was distributed approximately equally. The volume of active positions in the ETH futures market continues to grow and recently reached a new record above $ 11 billion.

According to a recent report from Coinhshares, at the end of April, financial instruments based on ETH raised $ 30 million in one week. It is estimated that the volume of assets in such mechanisms at that time was $ 13.9 billion. Several ETFs based on ETH are already traded in Canada, and the manager assets VanEck recently filed an application to create a similar fund in the United States.

So what?

Investors are already accustomed to the ETH growth in recent days. What? What's up?! ATH?! Nothing new, HODL.

Buterin has to deal with gas prices, and then the throne of Zuckenberg, Bill Gates and others would begin to stagger. Stagger and release energy for mining new ETH…

SpaceX has accepted DOGE as payment from Geometric Energy Corporation for launching a Dogecoin-style rocket to the moon (literally).

Elon Musk confirmed on Twitter that Dogecoin will be the first cryptocurrency in space (and funnily enough, the first meme in space), which some consider historically valuable.

Musk admits that Dogecoin is just a "meme": but that can't stop him from flying to the moon, both literally and figuratively.

So what?

Meme coins are the most moronic, and at the same time ingenious option for crypto. Memes have no nationality, religion and are understandable to everyone. Crypto fits perfectly with the properties of the memes.

But do not flatter yourself: the Doge pump will bring many people into the game, but its dump can turn away even more. Don't lose your head, woof-woof!

Airdrops 2020-2021 by volume. All eyes on ICP!

Resource.

And you...buy Bitcoin! 😉