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Why is Grayscale Dumping BTC ?

According to Ash Crypto.
 
Before the spot ETF approval, GBTC used to redeem its shares by giving investors USD value, but they never sold the BTC.
 
That's why Grayscale became one of the largest BTC holders, beside Satoshi.
 
Now, with the spot ETF approval, investors are pulling their money out of GBTC for two reasons.
 
➡️ Grayscale is charging a 1.5% yearly management fee, which is 5–6 times higher than other ETF issuers.
 
➡️ A lot of investors bought GBTC at a 40% discount, and now it's at 0%, so they are exiting their positions.

In both scenarios, GBTC now has to sell BTC to pay it back.
 
When Will This Stop?
 
This can take a few weeks, and during that time, BTC can go sideways or even go down.
 
Once it settles, investors will put their money from GBTC into other ETFs that have a low management fee.
 
Remember, this is a long-term game, and you need to have patience; otherwise, you will lose your BTC to Wall Street.

#Bitcoin #etf
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Pudiman Crypto
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How Much was 1 Bitcoin Worth in 2009?

In the very early days of Bitcoin, there were no exchanges that look anything like the offerings today. But there was at least one exchange established in the first year since Bitcoin's inception.

The BitcoinTalk forum went online in late 2009 and soon enough one regular proposed the idea of an exchange where people could buy and sell Bitcoins for fiat currency. Keep in mind that this was when the block reward was 50 BTC and there were very few people mining.

The BitcoinTalk forum member NewLibertyStandard set up New Liberty Standard Exchange, and another forum user - Sirius - sent him 5050 BTC in exchange for $5.02 through PayPal. This puts the first recorded price at which Bitcoin exchanged hands at $0.00099/BTC.

What happen to 1,700 BTC belong to Greg Schoen? If he still store it, he is already millionaire. But if he had sale it, may be in the rest of his life always remember about it.

#Write2Earn #TrendigTopic #BTC‬
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Crypto PM
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This Wallet Made $304,297 On Airdrops
15 of 16 airdrops was claimed.
Let's dive into his airdrop history🧵🔽:

📘First of all, don't forget to share and like this article for future reference.
1/ ➣ Methodology:
To gather the necessary information, I utilized Etherscan and parsed the data from the airdrop distribution contract.
I also checked the airdrop history of the wallet using @ zerion and @ DeBankDeFi

2/ ➣ Airdrop Monster:
The wallet experienced an unprecedented influx of airdrops.

3/ ➣ Total airdrop profits:
Wallet received airdrops totaling: $304,297
• Arbitrum: $12,300
• RBN: $193,670
• ENS: $16,638
• DYDX: $48,413
• Optimism: $23,808
• 1inch: $3,918
• Uniswap: $5,548
Let's see what activity this wallet is currently engaged in. 👇

4/ ➣ Layerzero:
• Transactions - 62
• Volume - 248,251$
• Interacted chains - 8
• Active months - 17

5/ ➣ Base:
• Transactions - 77
• Unique contracts - 21
• Volume - 6,683$
• Net worth - 10,091$
• Active months - 6

6/ ➣ ZkSync:
The wallet is in the top 3%!
• Transactions in Era - 131
• Transactions in Lite - 10+
• Volume Era - 40,409$
• Net worth - 4,640$
• Active months - 12
• Unique contracts - 51

7/ ➣ Scroll:
• Transactions - 19
• Unique contracts - 11
• Volume - 1,346$
• Net worth - 967$
• Active months - 3

8/ ➣ Linea
• Transactions - 52
• Unique contracts - 24
• Volume - 12,322$
• Net worth - 6,890$
• Active months - 3

I hope you've found this article helpful.
Follow me
@Crypto PM
for more.
His Wallet Address: 0xb7d49adb031d6dbdf3e8e28f21c6dd3b6f231cd5

#Airdrop🪂 #Whale.Alert #cryptopm #AirdropAlert
#Write2Earn how to get airdrops more by multi wallet applications 👇
#Write2Earn how to get airdrops more by multi wallet applications 👇
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Alpha Batcher
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People make millions of dollars on airdrops by farming them on hundreds of accounts. I revealed all
People with small deposits could make $2,000-$10,000 in one airdrop.

Now imagine that you have dozens or hundreds of such accounts.

Rick is an experienced airdrop hunter. He gave this interview and told how he earned more than $4M on airdrops:

First you need to create and export wallets in a couple of clicks using batch generator:

cointool.app/createWallet/eth

Download and set up an anti-detect browser. It's easy by following the attached guide

It hides your device fingerprints and let you manage multiple accounts securely and conveniently

https://twitter.com/alphabatcher/status/1704135141629784246?s=20

Get a proxy for each profile you create.

Go to proxyline.net/?ref=70535 and sign up

Click on the red button and top up

Tap "New order" & select any country and number of proxies
Enter the coupon for a discount: n5QEVR0Ia3HNFuqeK0n

You can pay in any convenient way, including crypto.

Create a profile in adspower and add your proxy.

If you get stuck, just go back to the guide attached two tweets above.

Install Metamask extension in all profiles at once following the guide:
https://twitter.com/alphabatcher/status/1704135263746732211?s=20

Create the desired number of profiles.

- Click "Open".
- Import wallets created with CoinTool into Metamask.

One profile - One proxy - One wallet.

After import, it’s time to top up all wallets correctly.

It's better to do it from the exchange. You can use OKX or Bitget with sub-accounts feature. One subaccount - one wallet

Sign up bitget.com/referral/register?from=referral&clacCode=4KSUXK81

Head to bitget.com/account/sub-account

Create a sub-account for each wallet. They have different deposit addresses.

Withdrawals can be made from one exchange account, but deposits have to be made to different exchange addresses.

Each wallet should have a different exchange address for deposits. This is the key point!

You can create up to 50 addresses for each sub-account, and a total of 20 sub-accounts.

You can conveniently and quickly track your wallet balances using this spreadsheet.

You just need to make a copy and add the wallet addresses
docs.google.com/spreadsheets/d/1VtM9R24JI7I4Y52Ww_Oz7uOB4dQoFb9Owgj1lb9KGOw

There are important nuances to know before jumping into airdrop activities

You should look like a real user and avoid common mistakes:
https://twitter.com/alphabatcher/status/1704871034418323511?s=20

If you're a beginner, it's worth learning the basics.
https://twitter.com/alphabatcher/status/1703042272378737149?s=20

You can find ready-made airdrop strategies sorted by tiers:

Focus on Tier-1 projects and scaling first
notion.so/Alpha-Batcher-b1cf364b1eea48099448e202cd55e803

Managing dozens of accounts manually can seem tedious. Therefore, you can automate this process, leave a comment if you are interested.

Or create a team that will help for a percentage of the profit.

I hope my article was helpful. If so, please do not hesitate to :

1. Follow me for more alpha content
2. Like & Repost to motivate me to continue

#TrendingTopic
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Coinovation
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Five Cryptocurrencies That Could Turn $10 Into $1,000 In 2024 
We list five cryptocurrencies that could potentially turn a meager $10 investment into a staggering $1,000 in 2024. Not financial advice!
As the digital currency realm continues to evolve at a breakneck pace, certain cryptocurrencies are emerging as potential game-changers in 2024.
Whether you're a seasoned investor or just starting out, this guide is designed to spotlight five promising tokens that have the potential to multiply your investment in the coming year. Delve into the world of these innovative tokens and discover what makes them stand out in the bustling crypto universe.  
Read more: Top 5 Cryptocurrencies To Watch in February 2024
Arbitrum (ARB)
Current price: $1.89
 Market Cap: $2,404,973,501
Arbitrum, operating as a Layer 2 scaling solution for Ethereum, aims to carve out a niche in the crypto space with its focus on reducing fees and enhancing scalability. Utilizing Optimistic Rollups, Arbitrum processes transactions off-chain before batching them to the Ethereum mainnet, thus speeding up transaction times and slashing costs significantly. This approach is attracting attention for its efficiency and practicality in a congested blockchain environment.
Reasons for Potential:
Arbitrum's integration with Ethereum is seamless, inviting developers to leverage its capabilities without hassle. This close relationship with Ethereum, a leading blockchain platform, positions Arbitrum advantageously in the market. The potential for Arbitrum lies in its innovative approach to scalability and efficiency.
By offering a solution that addresses Ethereum's core challenges, Arbitrum stands to gain from the growing demand for faster and more affordable blockchain transactions. However, its future growth is inherently linked to the broader adoption of Ethereum, making its journey dependent on the continued success and development of its parent blockchain.
Read more: Is ALT a Good Investment?
Reserve Rights (RSR)
Current price: $0.002376
 Market Cap: $120,573,903
Reserve Rights introduces a groundbreaking concept in the stablecoin sector through the Reserve Protocol. This platform allows the creation of various asset-backed stablecoins, giving users the power to establish stablecoins with diverse collateral baskets. This versatility is a stark contrast to the often rigid nature of traditional stablecoins, marking a significant shift in the stablecoin paradigm.
Reasons for Potential:
The potential of Reserve Rights lies in its unique approach to stablecoin creation. By enabling the creation of diverse, asset-backed stablecoins, the Reserve Protocol offers a decentralized alternative to the conventional stablecoin market. This flexibility could attract a wide range of users, from individual investors to large institutions, seeking stable and scalable crypto solutions. The RSR token is crucial in this ecosystem, offering a stabilization mechanism and governance, making it a potential key player in the evolving landscape of cryptocurrency.
Sei (SEI)
Current price: $0.7446
 Market Cap: $1,821,639,365
Sei is rapidly emerging as a notable player in the cryptocurrency domain, capturing attention with its innovative approach and growing presence. As a fresh face in the blockchain world, Sei is distinguished by its focus on high transaction throughput, a critical factor for the scalability and efficiency of blockchain networks. This focus on handling a large volume of transactions swiftly and effectively positions Sei as a promising solution in an ecosystem where speed and efficiency are paramount.
Reasons for Potential:
The essence of Sei's potential in the cryptocurrency market lies in its capacity to manage high transaction volumes with remarkable efficiency. This attribute not only differentiates Sei in the realm of blockchain scalability but also underscores its commitment to innovation and technological prowess. Looking ahead, Sei's trajectory in the blockchain space seems promising, especially if it continues to adapt and expand its capabilities in line with the evolving needs of the market. In navigating the competitive and fast-paced world of blockchain technology, Sei's unique positioning and forward-thinking approach could pave the way for its significant growth and success.
Solana (SOL)
Current price: $106.03
 Market Cap: $46,172,301,253 
Solana is in the limelight for its robust and diversified ecosystem. Known for its high-speed blockchain capabilities, Solana has become a favorite for a wide range of applications. This includes everything from decentralized finance (DeFi) to non-fungible tokens (NFTs), showcasing its versatility and scalability.
Reasons for Potential:
The growth potential for Solana lies in its diverse ecosystem and ongoing innovation. By offering fast, scalable, and cost-effective blockchain solutions, Solana attracts a wide array of developers and users. Initiatives like Solana Mobile and various DeFi projects underscore the platform's commitment to staying at the forefront of blockchain technology. This diversity not only nurtures a robust community but also positions Solana as a strong contender in the blockchain space.
Floki Inu (FLOKI)
Current price: $0.00002934
 Market Cap: $280,500,000
Floki Inu started as a meme coin inspired by Elon Musk's pet but has since evolved into a more encompassing web3 project. It now spans decentralized finance, NFTs, and the Metaverse, earning the moniker "The People's Crypto." The FLOKI token, compatible with Ethereum and BNB Chain, offers versatility and accessibility to its holders.
Reasons for Potential:
Floki Inu's potential stems from its transformation from a meme-based token to a comprehensive project. Its multi-chain functionality and community-driven approach provide a foundation for growth. Despite the speculative nature and challenges in establishing real-world use cases, Floki Inu's expanding scope and strong community engagement position it as a token with potential in the dynamic crypto landscape.
Which Crypto Coins Will Explode in 2024?
As we delve into 2024, the cryptocurrency market continues to offer a myriad of opportunities and challenges. These five projects - Arbitrum, Reserve Rights, Sei, Solana, and Floki Inu - each bring something unique to the table. Their innovative approaches and distinct market positions make them tokens to watch in the ever-changing world of digital currencies. As the crypto landscape evolves, these projects illustrate the diverse and creative investment possibilities that await savvy investors and enthusiasts alike. 
Like all investments, do your own research before making any investment decisions.
#altcoins #AltCoinSeason
#MyFirstFeedPost Merhaba, Binance Square!
#MyFirstFeedPost Merhaba, Binance Square!
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Bitcoin Gurukul
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2024 is Airdrop season and people are making $100ks to $millions from it. If you missed $JUP, $MANTA, don't worry...

Here's a list of tokenless projects you can still get airdrop for.

Bookmark this post 🧵

1. Phantom Wallet

@phantom is a multichain wallet compatible with Ethereum, Polygon, and Solana networks. It features an in-app exchange, allowing users to buy and sell tokens across various chains. Additionally, the wallet provides storage for NFTs.

How to be eligible:
- Use the swap feature
- Convert crypto

2. Scroll

@Scroll_ZKP is a security-focused scaling solution for Ethereum, using innovations in scaling design and zero-knowledge proofs to build a new layer on Ethereum .

How to be eligible:
- Swap $ETH to $WETH, find cheap NFTs and buy/sell (need gas)
- Exchange tokens on any of this platform (Sushi, Izumi Finance, Kyberswap, Skydrome, Spacefi)
- Claim free NFTs on different projects.

3. Venom Foundation

@VenomFoundation is a licensed and regulated Layer-1 blockchain in ADGM, supporting scalable Web3 applications for DeFi and Global Payments.

How to be eligible:
- Download the wallet, get the testnet tokens and interact in the projects
- Try the testnet

4. Berachain

@berachain is a high-performance EVM-compatible blockchain built on Proof-of-Liquidity consensus.

How to be eligible:
- Interact with Berachain DEX using testnet tokens
- Mint $HONEY tokens
- Trade with Berachain Perpertuals
- Do @Galxe Campaign

5. LayerZero Labs

@LayerZero_Labs is an interoperability protocol that connects blockchains (50+ and counting), allowing developers to build seamless omnichain applications, tokens, and experiences.

6. Aleo

@AleoHQ is a privacy-first Layer-1 blockchain that's zero-knowledge by design.

7. Fuel Network

@fuel_network is a permissionless and trustless layer-2 protocol for Ethereum, targeted at low-cost high-throughput value-transfer transactions.

These are good projects with possible airdrops in the near future. Better grab them now while it is still early.

Please like and repost if you found this post helpful.

#Write2Earn
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