ANIVERSE Crypto Daily News_May 11, 2023

2 min readMay 11, 2023

Thursday, May 11, 2023
ANIVERSE Crypto Daily News💌

1. Expect Bitcoin to Hit $25.2K Soon: Strategist.
-”We anticipate a downside for Ether, regardless of today’s activity, with a support level around $1,755,” Katie Stockton, Founder and Managing Partner of Fairlead Strategies said. “This could provide a natural point for stabilization as oversold conditions may yield a rebound.”

2. Hungarian Central Bank Sees No Imminent Need for E-Forint.
-“For the moment we don’t see any imminent need for large scale retail CBDC to be introduced” by regular citizens and merchants, Anikó Szombati, Chief Digital Officer of the Hungarian Central Bank.

3. U.S. CPI Inflation Falls to 4.9% in April; Bitcoin Rises Above $28K.
-The annual U.S. inflation rate slowed to 4.9% in April from 5.0% in March and versus economist forecasts for 5.0%, according to the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) report Wednesday morning. The price of bitcoin (BTC) rose more than 1% to just above $28,000 in the minutes following the news.

4. Uniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees.
-The plan to turn on fees for some of Uniswap’s liquidity pools would funnel money to the protocol’s treasury and token holders.

5. Bittrex’s U.S., Maltese Arms Processed $425M in Withdrawals Since April 1, Attorney Says.
-The company filed for bankruptcy protection earlier this week, but says no customer funds were re-used and that liabilities meet assets.

6. Elon Musk Tweets a Milady NFT, Floor Price Soars on OpenSea.
-The Twitter CEO shared a gif of the counterculture NFT declaring, “There is no meme, I love you,” shooting the collection to the top trending spot on the marketplace.