Daily Flash | The founder of Shiba Inu deleted all comments in Twitter and media accounts；The founder of Dogecoin thinks that ICO, DAO and NFT are scams

Today's Topic - Ryoshi, founder of Shiba Inu, has deleted all tweets and blog posts

Ryoshi, founder of Shiba Inu, has deleted all his previous tweets, and his twitter handle is not displayed. In addition, Ryoshi also deleted all Shiba Inu blogs, including the first "All Hail the Shiba". All four SHIB blogs have been deleted on the Medium platform. The page shows "410 errors are gone or accounts are deleted.”

Shytoshi Kusama, the chief developer of Shiba Inu, said in the Medium that Ryoshi, the founder of Shiba Inu, left because the project was getting closer to completing Ryoshi's vision and achieving global decentralization.

Shytoshi Kusama believes that Ryoshi has taught the community what he can do, and it is appropriate to leave at this time. He called it "in the story that any group must face insurmountable difficulties, the master will disappear and leave it in the hands of the apprentice."

However, some people bluntly pointed out that Ryoshi actually made off with money.

How do you think SHIB will develop next?

Today's Chart - The correlation between Bitcoin and US stocks is weakening

On May 31, according to the report of Kaiko, a data provider in the crypto market, the correlation between Bitcoin and the US stock market weakened last week, extending its continuous decline to a record eight weeks. Although the 30 day rolling correlation of Bitcoin, S&P 500 index and Nasdaq 100 index remained at a high level of approximately 0.7, it has fallen to the lowest level in more than a month.

The firmness of the minutes of the FOMC meeting of the Federal Reserve from May 3 to 4 was lower than expected. In addition, the slowdown in inflation and the rise in consumer spending supported the mitigation rebound of risky assets. The S&P 500 index and the Nasdaq 100 index rose 6.6% and 7.1% respectively, ending seven consecutive weeks of decline, but risk sentiment failed to spread to the cryptocurrency sector.

Today's Influencer - Founder of Dogecoin hopes this bear market will be the end of cryptocurrency, but this is not the case

On May 30, Jackson Palmer, co-founder of Dogecoin, said in a new interview with the Australian publication Crikey that he hoped "this (this bear market) will be the end of cryptocurrency, but this is not the case", and "more and more people do nothing, just want to make money from it, which will screw us up."

He also condemned ICO, DAO and NFT as scams, and called Initial Game Offering (IGO) the latest scam in the industry.

Hot events yesterday - #Historical data shows that the price of Bitcoin is about to break through; #Bitcoin will reach $250,000

PlanB: historical data shows that the price of Bitcoin is about to break through

Author: Gate.io Researcher Byron B. Translator: Joy Z.
* This article represents only the views of the researcher and does not constitute any investment advice.*Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.