POKKET: Crypto Market Update (May 28)
Bitcoin is flat again trading at $38k while ETH is softer -1% to $2700. Movers are MITH +20%, DEGO REEF +17%, POLY +14%, ALICE APPC +13%, LIT +10%, POND -11%, NKN -9%.
By now everyone knows Biden has announced a new $6T budget for next year although details are still unknown; this will be the biggest federal spending since WW2. Biden will also push Congress to up the federal spending to $8.2T by 2031. Plenty of money-go-brrr and stock market/US GDP charts floating around to remind everyone of inflation.
Another BSC project exploited, albeit smaller this time with Burger Swap getting rugged for $2.5M. Also there is chatter the Venus/Swipe founding team is responsible for draining the protocol of $100M.
Consensus 2021 virtual conference ends with CZ, Cathie Wood, SBF and NFL legend Tom Brady – “no one can shutdown Bitcoin” says CZ.
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