Announced in May 2022, the Bedrock Upgrade is the first official release of OP Stack, a set of free and open-source modular components of the Optimism network scheduled for Q2 of 2023 to power Optimism. The Optimism team announced on Twitter on May 15 that the network will be down for an estimated 2 to 4 hours on June 6, 2023, with the Bedrock Upgrade taking place. According to the posts, deposits and withdrawals will not be made3 on the day of the upgrade, and the progress of the OP Mainnet blockchain will also be halted.

Bitcoin Pizza Day commemorates the first real-world Bitcoin transaction, which took place on May 22, 2010.

Cryptocurrencies are financial assets based on Blockchain Technology, which are mostly decentralized and have many features to function in many areas, have emerged primarily as a solution to the cumbersome nature of traditional finance. The price movements of cryptocurrencies can occur over a wider range in a shorter period of time compared to many financial products.

For centuries, money has been an asset used as a medium of exchange, a a unit of measurement, and a store of value. Money is used as an intermediary between production and consumption. People sell the goods that produce and services they provide for money and earn money in return, and they buy other goods and services with that money. Money is necessary for the operation of economic activities. Money is also a key element of economic growth. When used as a medium of exchange, money is also used as a unit of measurement to measure the prices of goods and services. Money is a measure of the amount that can be paid for any good or service.

The countdown to the Ethereum Shapella Upgrade is coming to an end. The name "Shapella" is a combination of "Shanghai" and "Capella", the name of two different upgrades. After several postponements, Ethereum core developers decided to trigger the Shapella Upgrade on April 12.

Cross-Chain Bridge Technology enables transactions to be executed between blockchains. It allows two relatively independent blockchains to work together, in other words, communicate with each other. Thus, the limitations of a single chain can be avoided.

Short Squeeze describes a situation in which traders who sold short close their positions due to the possibility of loss, following a sharp increase in the price of any short-sold financial asset due to a lack of market supply. Unexpectedly rising prices force short position holders to buy back assets at a higher price to close their positions. This happens when buying pressure suddenly increases.

dYdX is a protocol that operates within the decentralized finance (DeFi) ecosystem, established in 2017. It runs on the Ethereum blockchain and stands out from its competitors due to its ability to conduct derivative transactions. The protocol operates in a decentralized manner, with all transactions carried out through smart contracts.

Compound is a decentralized finance (DeFi) protocol that runs on the Ethereum blockchain. The platform is also compliant with the Ethereum ERC-20 standard. It enables users to borrow or lend cryptocurrency assets by providing a specific collateral.

Lido DAO is a decentralized protocol that emerged as a new step in the Ethereum community's efforts towards decentralization. Lido offers solutions for users who want to earn passive income through staking. Lido DAO is a decentralized protocol created in March 2020 with contributions from many developers and participants. The management of the protocol is carried out through the votes of LDO token holders.

Curve is a platform in the decentralized finance (DeFi) ecosystem, which operates using the ERC-20 token standards on the Ethereum blockchain. It can be used in various DeFi applications such as liquidity pools and payment protocols.

Uniswap is a decentralized exchange (DEX) platform based on Ethereum. It was launched in 2018 and it executes transactions using an automated market maker (AMM) protocol. Uniswap conducts transactions through liquidity pools. These pools allow users to exchange one asset for another. One of the most important features of Uniswap is that it does not require any permission.

Solana Network was founded by Anatoly Yakovenko in 2017. Its most notable feature is its transaction speed. The network has the capacity to process an average of 65,000 transactions per second, meaning that Solana is capable of executing transactions almost instantly.

Avalanche is a fast, scalable, and secure blockchain protocol established in 2018 by Emin Gün Sirer and his team. It allows for easy transfer of data and assets by integrating with multiple blockchain networks.

May 2023 U.S. Nonfarm Payrolls data have been released. In April, the data showed 253K, and expectations for May 2023 data were 180K. May 2023 data came in at 339K, significantly exceeding expectations. In the same period, the unemployment rate was 3.7%, above the forecast of 3.5%. In April 2023, the unemployment rate was 3.4%. Average hourly earnings came in at 0.3%, despite expectations of 0.4%.

Token unlocks are significant developments in the cryptocurrency ecosystem. Locked tokens cannot be traded in any way. However, thanks to token unlocks, locked tokens become tradable.

The Purchasing Managers Index (PMI) is an important index that shows the direction of the economy or trends in areas such as manufacturing or services. It shows the direction of the market from the point of view of the purchasing managers of the companies. It provides important data that shows us the economic situation in terms of growth or recession. The PMI below 50 indicates contraction, while the PMI above 50 is interpreted as a growth signal.

Halving is the process of periodically halving the mining rewards in cryptocurrency projects. These intervals were determined by Satoshi Nakamoto and Bitcoin developers to be every 4 years. Block rewards are distributed with the aim of securing the network by keeping records of transactions and incentivizing miners who confirm transactions and process them on the blockchain. The goal of the halving is to encourage miners to work longer on cryptocurrency projects. If block rewards continue at the same pace without halving, the only payoff that will encourage miners to stay on the network will be transaction fees as the limited supply of these cryptocurrencies will be in circulation much sooner than usual. And this would cause many miners to leave the network and greatly reduce the processing power on the network. Thus, these concepts are interconnected and affect each other.

The U.S. debt ceiling is a policy that prevents the total debt incurred by the U.S. from reaching a legislative limit. The debt ceiling limits the ability of the U.S. Treasury to borrow and requires Congressional approval. The U.S. Treasury requires Congress to take action to limit federal spending or change debt limits when the debt ceiling is near or expected to be reached. The debt ceiling is implemented to maintain the financial stability of the federal government and to keep the debt burden under control.

The PCE is an indicator used to monitor changes in the overall level of consumer spending. The index is calculated by taking into account the weights of consumer expenditures on different goods and services. Therefore, it has a structure that varies according to the components of consumer expenditures. The PCE is usually evaluated by comparison to the Consumer Price Index (CPI), another indicator used to measure inflation in the United States.

In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the U.S.-based technology company Ripple Labs Inc. for allegedly offering unregistered securities in the form of XRP.

Glossary of Fundamental Analysis

Glossary of Technical Analysis

Glossary of Cryptocurrency

Glossary of Blockchain

Glossary of Economics

Glossary of Decentralized Finance (DeFi)

Introduced in 2016, Ethereum Classic (ETC) is a platform designed for smart contracts and decentralized applications (DApps). Due to a vulnerability in the Ethereum network, some investor funds were stolen, and then the Ethereum community settled on a solution to recover these stolen funds. However, some users did not accept a change and wanted to keep the original Ethereum chain. As a result, a new cryptocurrency, Ethereum Classic, was introduced.

USDC was launched in 2018 by Circle and Coinbase. USDC maintains price stability as it is pegged to USD. USDC is based on Blockchain Technology and was created in the ERC-20 token standard on the Ethereum blockchain.

Launched in 2014, Tether (USDT) is one of the most popular stablecoins in terms of trading volume. Unlike Bitcoin, market conditions do not affect its price, so it is not volatile like other cryptocurrencies. Instead, Tether (USDT) retains its value as it is pegged to another asset, the USD. Tether (USDT) was created to become an asset used across blockchains.

Bitcoin, the first cryptocurrency, was launched in 2008 with an academic paper by “Satoshi Nakamoto”, whose real identity is still unknown today. Bitcoin has attracted a lot of attention because the article suggested that thanks to Blockchain Technology, people can interact financially among themselves without the need for a central authority. The ability to transact without the need for traditional financial institutions such as banks or government intermediation is one of the other factors that has made Bitcoin popular. The ticker of Bitcoin is BTC.

Babylons, a decentralized NFT gaming platform, was launched by Turkish engineers and entrepreneurs in February 2021. According to DappRadar, Babylons has become the most active NFT market in Türkiye, ranking 1st in the BSC network and 5th in other blockchains.

Tatil Token is a utility token created in the ERC-20 standard on the Ethereum blockchain.

Elrond is a blockchain-based platform that allows its users to develop decentralized applications (DApps) and cryptocurrencies that will contribute to the new digital economy. The project aims to solve the scalability problem experienced in blockchains. Elrond offers its users a scalable platform with high transaction speed at low transaction fees.

Weekly Event Calendar (June 5–11)

Injective Protocol (INJ) is up 10.39% in the last 24 hours. Injective Protocol has announced the Avalon Mainnet Upgrade on Twitter. Moreover, the price of Bitcoin (BTC) has hit $28,000. Both developments may have been instrumental in the rise of INJ.

Optimism (OP) is down today. Optimism’s token unlock will occur on May 31, before the Bedrock Upgrade scheduled for June 6. Approximately $258M worth of OP Tokens will be unlocked. Optimism’s upcoming token unlock may have contributed to the fall of OP.

Weekly Event Calendar (May 29–June 4)

The U.S. Personal Consumption Expenditures (PCE) Price Index (year-on-year) rose to 4.4%, beating expectations of 3.9%. Following the announcement, Bitcoin (BTC) and the U.S. dollar index declined.

MBOX is up 20.18% in the last 24 hours.

Bitcoin is down 2.02% in the last 24 hours. United States Secretary of the Treasury Janet Yellen’s recent statements about financial markets, especially the banking sector, has affected all cryptocurrencies, especially Bitcoin (BTC). Following the speech, the S&P 500 also fell by about 1.5%.

Major events of cryptocurrencies listed on Bitexen that will take place in June.

Major events of cryptocurrencies listed on Bitexen that will take place in May.

Major events of cryptocurrencies listed on Bitexen that will take place in April.

Major events of cryptocurrencies listed on Bitexen that will take place in March.

Major events of cryptocurrencies listed on Bitexen that will take place in February.

Major events of cryptocurrencies listed on Bitexen that will take place in January.

Major events of cryptocurrencies listed on Bitexen that will take place in December.