Crypto Morning News - May 9th, 2021

ETH breaks $3900, hitting a record high

ETH broken through $3900, and is now at $3,909.44, a record high.

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Uniswap V3 ranks second in gas consumption in the past 24 hours, second only to Uniswap V2

According to Etherscan data, Uniswap V3 ranks second in gas consumption in the past 24 hours, with 1,363.83 ETH, accounting for 10.32% of the total Ethereum network consumption, second only to Uniswap V2.

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Analyst Willy Woo: Cryptocurrency flows to strong holders, it is impossible to enter a bear market

Cryptocurrency analyst Willy Woo tweeted that this cycle is different; the movement of coins to strong holders is unprecedented. He thinks it is impossible to enter a bear market. Judging from the price trend this week, this is obvious. Willy Woo said that the entry of cryptocurrencies on the company's balance sheet may have an impact. Grayscale Bitcoin Trust currently accounts for 3.5% of Bitcoin's supply and only allows Bitcoin to flow into cold storage warehouses. The leveraged market that has been expanding since 2017 may have also played a role. A large number of tokens are moved for trading, and tokens with less leverage need to be moved with the same amount of speculation. In the early days of Bitcoin, it was used as a currency (dark web Silk Road era), so it makes sense for Bitcoin to circulate in the hands of more liquid holders.

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Justin Sun was invited to attend the inauguration ceremony of Uganda's current President H.E Y.K. Museveni

According to the latest news, the current President of Uganda, HE YK Museveni, has issued an invitation to TRON founder and BitTorrent CEO Justin Sun to participate in his inauguration. Justin Sun said: "Thank you to the current President of Uganda HE YK Museveni for inviting me to attend his inauguration. It’s an honor to work with Binance Charity Foundation to do some small things for the development of the people of Uganda."

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Korea National Tax Agency: There are 227 companies operating cryptocurrency in South Korea

According to Yonhap News Agency, the Banking Federation submitted by the National Tax Agency to the members of the National Assembly Planning and Finance Committee shows that there are 227 companies operating cryptocurrency in South Korea. The list is obtained by the National Tax Agency through the Federation of Banks from banks that provide investors with encrypted asset trading accounts. The current taxation authorities do not understand the current status of crypto asset operators, so the list is only speculation and not accurate.

Ethereum's market value ranking rises to 15th in global assets, surpassing Johnson & Johnson

According to AssetDash data, the market capitalization of Ethereum has risen to the 15th place in the world by assets, currently at approximately $444.022 billion, which has surpassed Johnson & Johnson.

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British digital bank Revolut may add Dogecoin support

According to The Block report, British digital bank Revolut may add Dogecoin support, but the exact time is unclear. People familiar with the matter said that Revolut hopes to support Dogecoin soon, but as of May 7, the company is still testing to ensure that any updates can proceed smoothly.
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Ethernity Chain has launched football superstar Bailey's NFT auction

According to U.Today reports, the NFT platform Ethernity Chain initiated the NFT auction of football superstar Pele on May 8. The NFT series was created by Ethernity Chain in collaboration with digital artists Visual Lab and Rafa Zabala. There are currently three types of NFTs on sale: 40 "Pelé 10" cards, each for $3,669; 75 "Bicycle Kick Glided" cards, each USD 1,217; 200 "Bicycle Kick Epic" cards at USD 254 each. In addition, limited edition cards will be released this summer as part of the highly anticipated Ethernity Cards and Packs Collection. 90% of the proceeds from the NFT sale will belong to the Bailey Foundation.
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Grayscale founder: If $DOGE hits $1 by May 31st, we'll donate $1 million to a charitable cause selected by the Dogecoin community

Grayscale founder Barry Silbert tweeted, “And to make it interesting, if $DOGE hits $1 by May 31st, we'll donate $1 million to a charitable cause selected by the Dogecoin community"

In the early hours of this morning, Barry Silbert tweeted that it was time to convert Dogecoin into Bitcoin and disclosed that it had shorted Dogecoin through FTX.

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Viewpoint: Before the altcoin pulls, the whale will transfer the tokens from the centralized exchange to other wallets

The CEO of CryptoQuant, Ki Young Ju, tweeted that It seems whales move their coins from centralized exchanges to other wallets before pumping altcoins.

Here's the average amount of outflows across all exchanges for $AAVE, $SUSHI, $LINK, $UNI, $BAT, and $SNX.

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MARKET DATA - TOP 10 [ from CoinMarketCap ]

THANKS ALL