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Price analysis 5/15: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon recently told Bloomberg on May 11 that a possible sovereign default by the U.S. government could create panic in the stock markets, resulting in heightened volatility.

The next big question troubling crypto investors is how will Bitcoin react to such an event. Bloomberg’s latest Markets Live Pulse survey indicates that Bitcoin (BTC) could be the third most preferred asset class behind Gold and U.S. Treasuries should the U.S. government fail to prevent a debt default.

Daily cryptocurrency market performance. Source: Coin360

Billionaire fund manager Paul Tudor Jones told CNBC that he is holding his Bitcoin and will always have some portion of his portfolio in it.

What are the important support and resistance levels to watch for in the S&P 500 Index (SPX), Bitcoin, and the major altcoins? Let’s study the charts to find out.

S&P 500 Index price analysis

The S&P 500 Index has been trading near the 20-day exponential moving average (4,118) for the past few days. This suggests a tough battle between the bulls and the bears for supremacy in the near term.

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G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye towards quickly implementing the “travel rule” for crypto assets.

G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye towards quickly implementing the “travel rule” for crypto assets.

G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye towards quickly implementing the “travel rule” for crypto assets.

SEC under fire for its custody rule: Law Decoded, May 8–15

Last week was harsh for the United States Securities Exchange Commission, with industry figures and officials publicly criticizing the regulator.

Make 500% from ChatGPT stock tips? Bard leans left, $100M AI memecoin: AI Eye

How to create a $100M memecoin with ChatGPT, $50K portfolio handed over to AI targeting 500% return, and will writers have a job in future?

Make 500% from ChatGPT stock tips? Bard leans left, $100M AI memecoin: AI Eye

How to create a $100M memecoin with ChatGPT, $50K portfolio handed over to AI targeting 500% return, and will writers have a job in future?

Make 500% from ChatGPT stock tips? Bard leans left, $100M AI memecoin: AI Eye

Your guide to the exhiliarating and vaguely terrifying world of runaway AI development.

It’s been a hell of a couple of weeks for Melbourne digital artist Rhett Mankind, 46, who enlisted ChatGPT to create a $100 million market cap coin called Turbo, which has now inspired a Beeple artwork and saved a man’s life.

Mankind, who knows nothing about coding, gave ChatGPT a $69 budget and asked it to design a top 300 memecoin. It came up with the tokenomics, the name “TurboToad” and Mankind used Midjourney to create the logo. Thanks to interest sparked on social media, CoinGecko shows the token hit a $100M valuation and joined the Top 300. 

AI artwork for TurboToad. (Twitter)

There were a few hiccups: ChatGPT writes shitty smart contracts, and Mankind needed it to ask it for numerous rewrites based on error codes. The AI also didn’t warn Mankind to look out for the bots that bought 90% of the token supply when it launched.

That put an end to the TurboToad token and he had to crowdfund another $6669 to launch the new token Turbo, with NFT collector Pranksy helping by launching a liquidity pool on Uniswap. 

TurboToad

Make 500% from ChatGPT stock tips? Bard leans left, $100M AI memecoin: AI Eye

How to create a $100M memecoin with ChatGPT, $50K portfolio handed over to AI targeting 500% return, and will writers have a job in future?

Make 500% from ChatGPT stock tips? Bard leans left, $100M AI memecoin: AI Eye

How to create a $100M memecoin with ChatGPT, $50K portfolio handed over to AI targeting 500% return, and will writers have a job in future?

Make 500% from ChatGPT stock tips? Bard leans left, $100M AI memecoin: AI Eye

Your guide to the exhiliarating and vaguely terrifying world of runaway AI development.

It’s been a hell of a couple of weeks for Melbourne digital artist Rhett Mankind, 46, who enlisted ChatGPT to create a $100 million market cap coin called Turbo, which has now inspired a Beeple artwork and saved a man’s life.

Mankind, who knows nothing about coding, gave ChatGPT a $69 budget and asked it to design a top 300 memecoin. It came up with the tokenomics, the name “TurboToad” and Mankind used Midjourney to create the logo. Thanks to interest sparked on social media, CoinGecko shows the token hit a $100M valuation and joined the Top 300. 

AI artwork for TurboToad. (Twitter)

There were a few hiccups: ChatGPT writes shitty smart contracts, and Mankind needed it to ask it for numerous rewrites based on error codes. The AI also didn’t warn Mankind to look out for the bots that bought 90% of the token supply when it launched.

That put an end to the TurboToad token and he had to crowdfund another $6669 to launch the new token Turbo, with NFT collector Pranksy helping by launching a liquidity pool on Uniswap. 

TurboToad

Make 500% from ChatGPT stock tips? Bard leans left, $100M AI memecoin: AI Eye

Your guide to the exhiliarating and vaguely terrifying world of runaway AI development.

It’s been a hell of a couple of weeks for Melbourne digital artist Rhett Mankind, 46, who enlisted ChatGPT to create a $100 million market cap coin called Turbo, which has now inspired a Beeple artwork and saved a man’s life.

Mankind, who knows nothing about coding, gave ChatGPT a $69 budget and asked it to design a top 300 memecoin. It came up with the tokenomics, the name “TurboToad” and Mankind used Midjourney to create the logo. Thanks to interest sparked on social media, CoinGecko shows the token hit a $100M valuation and joined the Top 300. 

AI artwork for TurboToad. (Twitter)

There were a few hiccups: ChatGPT writes shitty smart contracts, and Mankind needed it to ask it for numerous rewrites based on error codes. The AI also didn’t warn Mankind to look out for the bots that bought 90% of the token supply when it launched.

That put an end to the TurboToad token and he had to crowdfund another $6669 to launch the new token Turbo, with NFT collector Pranksy helping by launching a liquidity pool on Uniswap. 

TurboToad

US strips Ethereum dev Virgil Griffith of export privileges for 10 years

The export privilege bar comes as a consequence of Griffith’s conviction and further impacts his involvement in international trade and transactions.

US strips Ethereum dev Virgil Griffith of export privileges for 10 years

The export privilege bar comes as a consequence of Griffith’s conviction and further impacts his involvement in international trade and transactions.

South Korean lawmaker leaves political party amid crypto investment controversy

A lawmaker allegedly sold over $4 million in cryptocurrency prior to the country's enforcement of the "Travel Rule" by the Financial Action Task Force.

Are ZK-proofs the answer to Bitcoin's Ordinal and BRC-20 problem?

Zero-knowledge proofs could be a viable means to address recent network congestion and high fees on the Bitcoin blockchain.

Are ZK-proofs the answer to Bitcoin's Ordinal and BRC-20 problem?

Zero-knowledge proofs could be a viable means to address recent network congestion and high fees on the Bitcoin blockchain.

Are ZK-proofs the answer to Bitcoin's Ordinal and BRC-20 problem?

Zero-knowledge proofs could be a viable means to address recent network congestion and high fees on the Bitcoin blockchain.

Sink or swim at $27K? 5 things to know in Bitcoin this week

Bitcoin bulls and bears battle for control of a key area on the BTC chart, with network fundamentals due new all-time highs.

Sink or swim at $27K? 5 things to know in Bitcoin this week

Bitcoin (BTC) is fighting for the bull trend as the new week begins with the market acting within a crucial zone.

After closing the weekly candle at just below $27,000, BTC/USD is attempting to cement support as a stubborn trading zone holds.

The stakes are already high, with last week seeing a flash dip below $26,000 and two-month lows for Bitcoin, making traders fearful of a larger bearish breakdown to come.

While this has not materialized, nerves remain on both shorter and longer timeframes.

Where is price action likely headed next? A relatively calm week of macro triggers means less chance of volatility from external sources.

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