Dear Reader,

Welcome to the Coinmonks newsletter! We are thrilled to have you join our community of crypto enthusiasts and blockchain aficionados.

We believe that cryptocurrency and blockchain technology have the potential to revolutionize the way we think about finance, identity, and the internet as a whole. Our mission is to help you stay informed and engaged with this rapidly-evolving industry, and to provide you with the knowledge and tools you need to make informed decisions about your investments and your future.

• Reuters allege that Binance mixed corporate revenue with customer funds on a daily basis, in accounts held at the now-bankrupt Silvergate Bank
• Binance’s chief of communication, Patrick Hillmann, stated that the allegations were based on user deposit-based USD minting, where users purchased a stablecoin redeemable by Paxos

• The securities watchdog in Hong Kong has unveiled fresh proposals to give regular investors access to platforms for virtual assets.
• The rules will go into force in June 2023, but no platforms for trading virtual assets with retail investors have been given the SFC’s clearance.

• The Gemini Foundation has received a warning from the SEC of the Philippines for operating illegally in the country.
• In May, Gemini introduced the Gemini Foundation, a platform for non-US derivatives, with the Philippines listed as a supported region.

• Hotbit, a cryptocurrency exchange, announced that it will cease all operations on May 22 at 04:00 UTC. Users were advised to withdraw their assets prior to June 21.
• Hotbit expressed concerns about the future of centralized exchanges, stating that the trajectory of the crypto industry has made it uncertain.

Refund Coin: Another Memecoin Pumped 1000%

Refund Coin (RFD) is a new ERC20 cryptocurrency minted on May 19, 2023. It is one of the many memecoins that have emerged in the second quarter of 2023, which some call the meme-coin season. However, unlike most memecoins based on popular internet memes or cultural trends, Refund Coin has a unique feature sets it apart from the rest: it offers a refund option to its holders.

Tectonic Crypto: A Complete Guide for 2023

Tectonic is a cross-chain money market protocol that allows users to earn passive yield and access instant-backed loans with their crypto assets. Tectonic aims to provide users with seamless and secure lending and borrowing functionalities across different blockchains.

Bone Token:Can Bone token hit $100?

BONE Tokens serve several purposes within the Shiba Inu ecosystem. Holders of BONE can participate in governance by voting on critical decisions. Additionally, BONE Tokens can be staked or utilized for liquidity provision on ShibaSwap, which can lead to rewards.

5 Best Penny Cryptocurrency For Summer 2023

Cryptocurrencies are digital assets that have gained popularity and value in recent years. However, not all cryptocurrencies are created equal.

In this article, we will explore some of the best penny cryptocurrency under $1 that could have a good upside potential for summer 2023.

How to Buy Dogecoin on eToro: A Complete Guide

Dogecoin is the most popular memecoin in the market today. Dogecoin has a loyal fan army who support its charitable and social causes and its fast and low-cost transactions.

If you want to join the Dogecoin community and buy some DOGE coins for yourself, you need a reliable and secure platform. One of the best options is eToro, a leading social trading platform offering a wide range of assets, including cryptocurrencies. eToro is regulated by multiple authorities, supports various payment methods, and provides a user-friendly and intuitive interface.

Here, you will get all info on how to buy Dogecoin on eToro . In addition, We will also cover some of the benefits that eToro offers to enhance your trading experience.

Top 3 Best Gaming Cryptos for May 2023

ILV is the native token of Illuvium, a decentralized open-world RPG game that features stunning graphics and immersive gameplay. Illuvium allows players to explore a vast world, capture and battle creatures called Illuvials, and trade them in the marketplace. Additionally, ILV is used to stake, govern and earn rewards in the game. ILV had a great rally lately, reaching an all-time high of $1,604 on November 30th. ILV is trading at around $45, with a market cap of over $121 million.

What Can You Buy With 10 Bitcoins Today? A Lot More Than You Think!

Bitcoin’s price fluctuates depending on supply, demand, market sentiment, and events. As of May 6, 2023, one bitcoin is worth about $29,378, meaning 10 bitcoins are worth about $293,780. That’s a lot of dough! On the other hand, this is a significant increase from the all-time low of $0.04865 in July 2010, when you could barely buy a gumball with one bitcoin. And it is a substantial decrease from the all-time high of $68,789.63 in November 2021, when you could buy a small island with one bitcoin.

Non-fungible tokens (NFTs) have exploded onto the scene in recent years, with a wide range of industries and individuals taking notice. From digital art and collectibles to music and even real estate, NFTs have disrupted traditional notions of ownership and value.

But with the market becoming increasingly crowded and prices soaring to dizzying heights, many are wondering whether this is just a passing fad or a sustainable trend.

In this article, we’ll take a closer look at the current state of the NFT market and explore the factors driving its growth and potential risks to be aware of.

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