[REPORT SUMMARY] Bulls Remain Hopeful As Market Moves Sideways – By Cointelegraph Research , May 2023

Let me give you some quick key points mentioned in the report.

Source : https://research-backend.cointelegraph.com/uploads/attachments/clhau5ywh0txbsfqn6twe9vrc-investor-insights-may-2023.pdf

– Arbitrum Entered the Top-5 Blockchains in Terms of TVL, Overtaking Polygon.
– DeFi Saw Sideways Movement in Terms of the TVL in April 2023.
– Intel announced it is leaving ASIC manufacturing. This comes right after the launch of its Blockscale 1000 Series ASIC earlier this month. The company will have stopped taking orders by October of this year and aims to cease shipping in April 2024.
– A bill that limits mining incentives for load reductions from the power grid passed the Senate in Texas. Pro-crypto groups staged a protest, and the crypto firm Mawson sold its mining site in the state as a result.
– South Korean legislators have passed the first phase of a proposed cryptocurrency regulation bill that would give the Financial Services Commission the authority to supervise financial activities related to digital assets, including cryptocurrencies.
– Venture capital investment is up 168.7% in April over the previous month, with $854 million in investment inflows.
– The NFT market is currently experiencing a severe downturn, with a 64.79% MoM decline in total NFT sales in USD volume and a 50.91% drop in total active wallets. Additionally, the number of sellers consistently outnumbered the buyers throughout April.

Cheers !