ERC-6551 Can Turn Any NFT Into A Wallet...

The ERC-6551 protocol has introduced token-bound accounts, enabling individual NFTs to function as a wallet of sorts. This innovation was discussed by Benny Giang, the co-founder of Future Primitive and the renowned CryptoKitties NFT collection.

JPMorgan Chase Introduces New Product To Rival ChatGPT...

The banking giant recently filed a trademark application for a new generative AI tool known as IndexGPT with the US Patent and Trademark Office, indicating their intention to utilize it in various business areas such as advertising, business consulting, and finance-focused software solutions which also includes crypto based offerings.

Binance Officially Enters NFT Lending Sector Via Ether Loans...

Binance has finally made its entry into the NFT lending space by introducing a new feature on its NFT marketplace. Users can now borrow cryptocurrencies by using NFTs as collateral.

Crypto Exchange License Applications Will Soon Be Accepted By Hong Kong Securities Regulator...

Starting June 1st, the Hong Kong Securities and Futures Commission (SFC) will begin accepting applications for licenses from cryptocurrency exchanges. The SFC has issued guidelines that prohibit the offering of crypto gifts aimed at incentivizing retail investments, including airdrops. It has also stated that stablecoins should not be allowed for retail trading until they are regulated.

INDUSTRY EVENTS

MAY 31 – JUNE 2, 2023

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TECHNICAL ANALYSIS

Bitcoin (+5%) Finishes Week Strong with Sunday Rally

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Ethereum (+6%) Strong Weekly Close After Finding Support at 50-Week Moving Average

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CONTENT OF THE WEEK

It Begins: China’s Bitcoin & Crypto Shock Move

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VISA Will Send Ethereum to NEW ALL TIME HIGH with ERC-4337

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A Bitcoiner Will Become President

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.