Binance Square
CryptoPM
2.5M views
211 Posts
Hot
Latest
LIVE
LIVE
Crypto PM
--
Just Found Insider Who Turned $662 Into $8 MillionI've made over $178,489 copying his trades Those who know coins he's buying will make millions Here're 5 low-caps, accumulated by degen🧵👇 ➮ Before we begin, could I ask you a favor? ☩ I've invested a lot of time into this research and truly value any interaction you've had with this article! ☩ Please bookmark, repost, or simply give it a like if u can 2/➮ Let's explore his trading statistics ☩ This degen started in crypto with $662 ☩ In just 10 months, he's sitting at $8 million ☩ All Profit and Loss: $8,243,472👇 3/➮ His biggest profit was made on $POPCAT ☩ He was buying the coin while no one had heard of it. ☩ A few months later, he became the most successful trader of $POPCAT ☩ Profit: $5.76 million 4/➮ I gave you $POPCAT at $25M. ☩ Now, it's at $440M. 5/➮ Many DM me, asking: "How did this insider buy alts so early?" ☩ This smart wallet did it with the help of sniper bots.. ☩ For SOL: https://tinyurl.com/3fax7he5 ☩ Open Bot in TG ☩ Deposit SOL in ur wallet ☩ Now u can snipe tokens by entering CA 6/➮ After analyzing his trading history for the past month, ☩ I was able to spot coins he's accumulating right now. ☩ But, most tokens on this list have small MC, making them very high-risk alts. ☩ Pls only risk money u can afford to lose, remember to DYOR 7/➮ $BODEN l @boden4pres ☩ Boden, the 46th President of The USA! A political meme that will grow as the U.S. elections approach. ☩ Mcap: $110.6M ☩ Price: $0.1601 8/➮ $BUBBA l @bubbacoin ☩ Bubba marks a groundbreaking character as the first female protagonist to make waves in the Solana meme culture realm. ☩ Mcap: $3.5M ☩ Price: $0.00354 9/➮ $HAMMY l @HammyCommunity ☩ World’s favorite hamster ☩ Mcap: $16.5M ☩ Price: $0.01658 10/➮ $CRODIE l @Crodie_Drake ☩ Premier Luxury Cat Brand of Solana. ☩ Drake has a Bengal cat named Crodie. “Crodie” or “Cro” is Toronto slang for a ride-or-die friend. ☩ Mcap: $2.4M ☩ Price: $0.00252 that't it for today... Follow me @CryptoPM I hope you found this research helpful #Whale.Alert #WhaleAlert #CryptoPM #Degen #Altcoins

Just Found Insider Who Turned $662 Into $8 Million

I've made over $178,489 copying his trades
Those who know coins he's buying will make millions
Here're 5 low-caps, accumulated by degen🧵👇

➮ Before we begin, could I ask you a favor?
☩ I've invested a lot of time into this research and truly value any interaction you've had with this article!

☩ Please bookmark, repost, or simply give it a like if u can
2/➮ Let's explore his trading statistics
☩ This degen started in crypto with $662
☩ In just 10 months, he's sitting at $8 million
☩ All Profit and Loss: $8,243,472👇

3/➮ His biggest profit was made on $POPCAT
☩ He was buying the coin while no one had heard of it.
☩ A few months later, he became the most successful trader of $POPCAT
☩ Profit: $5.76 million

4/➮ I gave you $POPCAT at $25M.
☩ Now, it's at $440M.

5/➮ Many DM me, asking: "How did this insider buy alts so early?"
☩ This smart wallet did it with the help of sniper bots..
☩ For SOL: https://tinyurl.com/3fax7he5
☩ Open Bot in TG
☩ Deposit SOL in ur wallet
☩ Now u can snipe tokens by entering CA

6/➮ After analyzing his trading history for the past month,
☩ I was able to spot coins he's accumulating right now.
☩ But, most tokens on this list have small MC, making them very high-risk alts.
☩ Pls only risk money u can afford to lose, remember to DYOR
7/➮ $BODEN l @boden4pres
☩ Boden, the 46th President of The USA! A political meme that will grow as the U.S. elections approach.
☩ Mcap: $110.6M
☩ Price: $0.1601

8/➮ $BUBBA l @bubbacoin
☩ Bubba marks a groundbreaking character as the first female protagonist to make waves in the Solana meme culture realm.
☩ Mcap: $3.5M
☩ Price: $0.00354

9/➮ $HAMMY l @HammyCommunity
☩ World’s favorite hamster
☩ Mcap: $16.5M
☩ Price: $0.01658

10/➮ $CRODIE l @Crodie_Drake
☩ Premier Luxury Cat Brand of Solana.
☩ Drake has a Bengal cat named Crodie. “Crodie” or “Cro” is Toronto slang for a ride-or-die friend.
☩ Mcap: $2.4M
☩ Price: $0.00252

that't it for today...
Follow me @Crypto PM
I hope you found this research helpful

#Whale.Alert #WhaleAlert #CryptoPM #Degen #Altcoins
📚 Trading Tip 📚 Most of us knows how Volume and Price Action work in correlation with each other but here we try to explain how to watch these Price and Volume with Open Interest on Future Derivatives in order to have better understanding of Overall Market Scenario #CryptoPM
📚 Trading Tip 📚
Most of us knows how Volume and Price Action work in correlation with each other but here we try to explain how to watch these Price and Volume with Open Interest on Future Derivatives in order to have better understanding of Overall Market Scenario

#CryptoPM
🚨🚨🚨 NEW : Crypto Quant CEO Says Bitcoin💰 needs to remain above $80,000 for miners to remain profitable after halving. As Bitcoin mining revenue significantly decreased in May due to the impact of the fourth Bitcoin halving event. The cost of mining went up. #CryptoPM #CryptoNews
🚨🚨🚨 NEW : Crypto Quant CEO Says Bitcoin💰 needs to remain above $80,000 for miners to remain profitable after halving.

As Bitcoin mining revenue significantly decreased in May due to the impact of the fourth Bitcoin halving event. The cost of mining went up.

#CryptoPM #CryptoNews
Crypto Charity: Revolutionizing Philanthropy and Empowering Communities WorldwideIn a world marked by rapid technological advancements, it's no surprise that the realm of charity and philanthropy is undergoing a transformative shift. The emergence of cryptocurrencies and their underlying blockchain technology has opened up new horizons for charitable endeavors, offering revolutionary features that promise to redefine the way we give and receive aid. Accountability Through Transparency One of the most striking advantages of crypto-based charity efforts is the unprecedented level of transparency they bring to the table. When you donate in cryptocurrency, you can trace the entire journey of your aid, ensuring that it reaches its intended destination. This newfound accountability reassures donors that their contributions are making a real impact. Seamless Cross-Border Aid Cryptocurrency transcends geographical boundaries, allowing for the effortless transfer of funds from anywhere in the world to anywhere else. This eliminates the need for traditional banking systems and empowers charities to operate smoothly across regions and jurisdictions, even in underbanked or unbanked areas. The ability to send crypto donations globally is a game-changer for philanthropic organizations seeking to reach those most in need. Crypto Charity Thrives Despite Market Conditions Despite the fluctuations in the cryptocurrency market, crypto charity is on the rise. It's no longer a matter of if philanthropic organizations will accept crypto donations, but when they will fully embrace this revolutionary approach. The potential benefits for both donors and recipients are simply too compelling to ignore. Empowering Impact Crypto-based donations don't just benefit donors; they amplify the impact of charitable organizations. By directly channeling aid to individuals, crypto donations streamline the support process, making it more efficient and accessible to larger populations. Additionally, these donations encourage financial literacy and autonomy, placing a strong emphasis on education. Mitigating Risks of Fiat Money While providing cash assistance offers recipients dignity and autonomy, it comes with risks associated with handling physical money and the possibility of recipients lacking financial literacy. Crypto donations provide a secure and sustainable alternative, ensuring that aid is delivered efficiently, with no risk of theft, hidden costs, or corporate agendas. An excellent example of this is Oxfam International's UnBlocked Cash project, which leverages blockchain technology to empower communities and enhance accountability. Education for Sustainable Impact Financial literacy is essential, especially in unbanked or underbanked areas where many lack the knowledge to manage their finances. Crypto charities address this by not only providing immediate aid but also educating recipients on how to utilize cryptocurrency effectively. This educational component ensures that recipients are not just handed a fish but taught how to fish, giving them access to a new financial system and placing them at the forefront of a technological and banking revolution. Binance Charity's Role in Financial Literacy Binance Charity, in partnership with CARE International in Kenya, exemplifies this holistic approach by combining crypto donations with financial literacy education. Through initiatives like the UnBlocked Cash project, they empower individuals to recover from economic hardships caused by events like the COVID-19 pandemic. This model creates lasting financial autonomy, with blockchain-based infrastructure supporting long-term financial management. Community Trust and Empowerment Partnerships between crypto companies and charitable organizations leverage existing community structures and trust. This accelerates the process of building internal trust and unity, resulting in more effective philanthropic efforts. Such projects also play a pivotal role in strengthening women's economic empowerment and reducing gender inequality, particularly in traditional societies. Crypto's Wider Mission: Economic Accessibility and Financial Education Crypto philanthropy aligns seamlessly with the broader mission of cryptocurrencies – to make economic accessibility a global reality. It recognizes that the underserved populations ignored by traditional banks and finance systems can be empowered through proper training and education in cryptocurrency usage. The Future of Charity Crypto philanthropy isn't just a passing trend; it has the potential to become the new norm of charity. By eliminating intermediaries, boosting accountability, and combining aid with education, it can pave the way for true financial autonomy worldwide. As we navigate an ever-evolving world, crypto charity represents a beacon of hope, bridging the gap between generosity and sustainable change. The question isn't whether we should embrace it but how quickly we can adapt to this transformative approach to giving. #CryptoPM

Crypto Charity: Revolutionizing Philanthropy and Empowering Communities Worldwide

In a world marked by rapid technological advancements, it's no surprise that the realm of charity and philanthropy is undergoing a transformative shift. The emergence of cryptocurrencies and their underlying blockchain technology has opened up new horizons for charitable endeavors, offering revolutionary features that promise to redefine the way we give and receive aid.

Accountability Through Transparency

One of the most striking advantages of crypto-based charity efforts is the unprecedented level of transparency they bring to the table. When you donate in cryptocurrency, you can trace the entire journey of your aid, ensuring that it reaches its intended destination. This newfound accountability reassures donors that their contributions are making a real impact.

Seamless Cross-Border Aid

Cryptocurrency transcends geographical boundaries, allowing for the effortless transfer of funds from anywhere in the world to anywhere else. This eliminates the need for traditional banking systems and empowers charities to operate smoothly across regions and jurisdictions, even in underbanked or unbanked areas. The ability to send crypto donations globally is a game-changer for philanthropic organizations seeking to reach those most in need.

Crypto Charity Thrives Despite Market Conditions

Despite the fluctuations in the cryptocurrency market, crypto charity is on the rise. It's no longer a matter of if philanthropic organizations will accept crypto donations, but when they will fully embrace this revolutionary approach. The potential benefits for both donors and recipients are simply too compelling to ignore.

Empowering Impact

Crypto-based donations don't just benefit donors; they amplify the impact of charitable organizations. By directly channeling aid to individuals, crypto donations streamline the support process, making it more efficient and accessible to larger populations. Additionally, these donations encourage financial literacy and autonomy, placing a strong emphasis on education.

Mitigating Risks of Fiat Money

While providing cash assistance offers recipients dignity and autonomy, it comes with risks associated with handling physical money and the possibility of recipients lacking financial literacy. Crypto donations provide a secure and sustainable alternative, ensuring that aid is delivered efficiently, with no risk of theft, hidden costs, or corporate agendas. An excellent example of this is Oxfam International's UnBlocked Cash project, which leverages blockchain technology to empower communities and enhance accountability.

Education for Sustainable Impact

Financial literacy is essential, especially in unbanked or underbanked areas where many lack the knowledge to manage their finances. Crypto charities address this by not only providing immediate aid but also educating recipients on how to utilize cryptocurrency effectively. This educational component ensures that recipients are not just handed a fish but taught how to fish, giving them access to a new financial system and placing them at the forefront of a technological and banking revolution.

Binance Charity's Role in Financial Literacy

Binance Charity, in partnership with CARE International in Kenya, exemplifies this holistic approach by combining crypto donations with financial literacy education. Through initiatives like the UnBlocked Cash project, they empower individuals to recover from economic hardships caused by events like the COVID-19 pandemic. This model creates lasting financial autonomy, with blockchain-based infrastructure supporting long-term financial management.

Community Trust and Empowerment

Partnerships between crypto companies and charitable organizations leverage existing community structures and trust. This accelerates the process of building internal trust and unity, resulting in more effective philanthropic efforts. Such projects also play a pivotal role in strengthening women's economic empowerment and reducing gender inequality, particularly in traditional societies.

Crypto's Wider Mission: Economic Accessibility and Financial Education

Crypto philanthropy aligns seamlessly with the broader mission of cryptocurrencies – to make economic accessibility a global reality. It recognizes that the underserved populations ignored by traditional banks and finance systems can be empowered through proper training and education in cryptocurrency usage.

The Future of Charity

Crypto philanthropy isn't just a passing trend; it has the potential to become the new norm of charity. By eliminating intermediaries, boosting accountability, and combining aid with education, it can pave the way for true financial autonomy worldwide. As we navigate an ever-evolving world, crypto charity represents a beacon of hope, bridging the gap between generosity and sustainable change. The question isn't whether we should embrace it but how quickly we can adapt to this transformative approach to giving.

#CryptoPM
LIVE
--
Bullish
🪙 Stripe will start accepting cryptocurrency payments for the first time since 2018 International payment system Stripe has announced its return to the crypto market. The company will start supporting transfers in cryptocurrencies for the first time since 2018. It is reported that Stripe customers will be able to accept $USDC payments in Solana, Ethereum, and Polygon. The company plans to add support for other digital assets and blockchains in the future. 🫡 #CryptoPM #Stripe #USDC #Solana
🪙 Stripe will start accepting cryptocurrency payments for the first time since 2018

International payment system Stripe has announced its return to the crypto market. The company will start supporting transfers in cryptocurrencies for the first time since 2018.

It is reported that Stripe customers will be able to accept $USDC payments in Solana, Ethereum, and Polygon. The company plans to add support for other digital assets and blockchains in the future.

🫡

#CryptoPM #Stripe #USDC #Solana
LIVE
--
Bullish
Dear Binance Square Followers, I am truly grateful for your unwavering support and trust. We've reached a significant milestone of 70k followers, and it wouldn't have been possible without each and every one of you. Thank you for being a part of this incredible journey. Wishing you all a Happy Thanksgiving filled with warmth and gratitude. With heartfelt appreciation, #CryptoPM
Dear Binance Square Followers,

I am truly grateful for your unwavering support and trust. We've reached a significant milestone of 70k followers, and it wouldn't have been possible without each and every one of you. Thank you for being a part of this incredible journey. Wishing you all a Happy Thanksgiving filled with warmth and gratitude.

With heartfelt appreciation,
#CryptoPM
LIVE
--
Bullish
Morning Crypto Fam, always start your day with a positive perspective. With us we hope you embrace the journey of trading with its highs and reach those amazing views! Stay updated with our 📊 Technical Analysis, Market Trends and Signals. 🔔 Follow CryptoPM On Binance Square and Turn Notifications on 📌 #GoodMorning #CryptoPM #CryptoCommunty
Morning Crypto Fam, always start your day with a positive perspective. With us we hope you embrace the journey of trading with its highs and reach those amazing views!

Stay updated with our 📊 Technical Analysis, Market Trends and Signals.

🔔 Follow CryptoPM On Binance Square and Turn Notifications on 📌

#GoodMorning #CryptoPM #CryptoCommunty
"Start your crypto gaming journey with a boost! Incase $20 USD on the premier cryptocurrency casino platform and unlock a special offer with the code CRYPTOPM. You'll receive a complimentary $20 credit to use on your favorite games, plus an exclusive 5% rebate on all your wagers. This is a fantastic opportunity to enhance your gaming experience and potentially increase your winnings. Don't miss out on this limited-time promotion!" #Stake #Gambling #CryptoPM
"Start your crypto gaming journey with a boost! Incase $20 USD on the premier cryptocurrency casino platform and unlock a special offer with the code CRYPTOPM.

You'll receive a complimentary $20 credit to use on your favorite games, plus an exclusive 5% rebate on all your wagers. This is a fantastic opportunity to enhance your gaming experience and potentially increase your winnings. Don't miss out on this limited-time promotion!"

#Stake #Gambling #CryptoPM
TRENDING CRYPTO NEWS 🔥 - Beosin Alert has reported that the attacker targeting Balancer has accumulated profits of around $2.1 million. The attacker has gained approximately $1.6 million on Ethereum, $290,000 on Fantom, and $210,000 on Optimism. - Web3 social application friend.tech has issued an apology, stating, 'I am sorry, it was out of fear, this fear made me have a zero-sum game mentality when telling you not to use other products, it was a foolish statement, I know I have disappointed many of you.' In a recent report, friend.tech announced that users who opt to use the forked version will automatically choose not to earn points and will forfeit their existing points. - MakerDAO founder Rune Christensen has reportedly purchased an additional 211.61 MKR tokens, worth approximately $215,000, at an average price of $1,016 per token. This transaction took place 7 hours ago and follows a previous purchase made by Christensen on August 25th, when he exchanged 200,000 DAI for 197.5 MKR tokens at an average price of $1,013 per token. Over the past four days, Christensen has acquired a total of 409.06 MKR tokens, worth around $415,000, with an average purchase price of $1,015. - BlueMove, a multi-chain NFT marketplace designed based on the Move language public chain, announced that it will cease operations on the Sei Network in 72 hours (UTC August 31, 4:00). The decision comes as the current trading volume on Sei is lower than expected. During this period, BlueMove is urging all users to delist their NFTs to prevent any potential asset loss. - BlueMove, a multi-chain NFT marketplace designed based on the Move language public chain, announced that it will cease operations on the Sei Network in 72 hours (UTC August 31, 4:00). The decision comes as the current trading volume on Sei is lower than expected. During this period, BlueMove is urging all users to delist their NFTs to prevent any potential asset loss. - peaq to Demonstrate EV Charging and Parking Payments with Tesla and Jaguar at IAA MOBILITY 2023 #CryptoPM #CRYPTONEWS #NEWS
TRENDING CRYPTO NEWS 🔥

- Beosin Alert has reported that the attacker targeting Balancer has accumulated profits of around $2.1 million. The attacker has gained approximately $1.6 million on Ethereum, $290,000 on Fantom, and $210,000 on Optimism.

- Web3 social application friend.tech has issued an apology, stating, 'I am sorry, it was out of fear, this fear made me have a zero-sum game mentality when telling you not to use other products, it was a foolish statement, I know I have disappointed many of you.' In a recent report, friend.tech announced that users who opt to use the forked version will automatically choose not to earn points and will forfeit their existing points.

- MakerDAO founder Rune Christensen has reportedly purchased an additional 211.61 MKR tokens, worth approximately $215,000, at an average price of $1,016 per token. This transaction took place 7 hours ago and follows a previous purchase made by Christensen on August 25th, when he exchanged 200,000 DAI for 197.5 MKR tokens at an average price of $1,013 per token. Over the past four days, Christensen has acquired a total of 409.06 MKR tokens, worth around $415,000, with an average purchase price of $1,015.

- BlueMove, a multi-chain NFT marketplace designed based on the Move language public chain, announced that it will cease operations on the Sei Network in 72 hours (UTC August 31, 4:00). The decision comes as the current trading volume on Sei is lower than expected. During this period, BlueMove is urging all users to delist their NFTs to prevent any potential asset loss.

- BlueMove, a multi-chain NFT marketplace designed based on the Move language public chain, announced that it will cease operations on the Sei Network in 72 hours (UTC August 31, 4:00). The decision comes as the current trading volume on Sei is lower than expected. During this period, BlueMove is urging all users to delist their NFTs to prevent any potential asset loss.

- peaq to Demonstrate EV Charging and Parking Payments with Tesla and Jaguar at IAA MOBILITY 2023

#CryptoPM #CRYPTONEWS #NEWS
🐝 BTC MID-TERM UPDATE At the moment the price is stuck between two strong levels: $27,500 resistance & $26,300 support. As you might understand, we are buying in case of resistance breakout and selling in case of support breakdown. At the same time, the zone between $23,000 and $24,800 is good for buying and zone between $29,450 and $30,800 is good for taking profits. Unfortunately, at the moment situation is way too simple. It is boring, but we have nothing to do with it. #BTC #BTC #CryptoPMYoutube #CryptoPM #bitcoin
🐝 BTC MID-TERM UPDATE

At the moment the price is stuck between two strong levels: $27,500 resistance & $26,300 support.

As you might understand, we are buying in case of resistance breakout and selling in case of support breakdown.

At the same time, the zone between $23,000 and $24,800 is good for buying and zone between $29,450 and $30,800 is good for taking profits.

Unfortunately, at the moment situation is way too simple. It is boring, but we have nothing to do with it.

#BTC #BTC #CryptoPMYoutube #CryptoPM #bitcoin
LIVE
--
Bullish
List of Upcoming Rumoured Airdrops- - Arkham Protocol - EigenLayer - Zetachain - zkSync - Scroll - Lens - Sei - Fuel - Base - Quai - Linea - Venom - Mantle - Altlayer - Starknet - Opensea - LayerZero - Shardeum - Metamask [Bookmark it, We will update it regularly] Follow #CryptoPM for more updates and Don't forget to #like and #share
List of Upcoming Rumoured Airdrops-

- Arkham Protocol
- EigenLayer
- Zetachain
- zkSync
- Scroll
- Lens
- Sei
- Fuel
- Base
- Quai
- Linea
- Venom
- Mantle
- Altlayer
- Starknet
- Opensea
- LayerZero
- Shardeum
- Metamask

[Bookmark it, We will update it regularly]

Follow #CryptoPM for more updates and Don't forget to #like and #share
💰 The Bitcoin network confirmed the last four blocks at an average fee above 200 sat/vB. This means an optimistic average fee of ~$20.0 for small Segwit transactions (140 vBytes). @CryptoPM #CryptoPM
💰 The Bitcoin network confirmed the last four blocks at an average fee above 200 sat/vB.

This means an optimistic average fee of ~$20.0 for small Segwit transactions (140 vBytes).

@Crypto PM #CryptoPM
Anybody can explain me, who is deciding the prices of crypto currencies. There are many factors affecting crypto coin’s value, but finally how the prices are publishing in the market. Is it automatically coming according to the demand and supply. Any crypto expert can explain please. #Salid #CryptoPM #Cryptoniteuae #CryptoPotato
Anybody can explain me, who is deciding the prices of crypto currencies. There are many factors affecting crypto coin’s value, but finally how the prices are publishing in the market. Is it automatically coming according to the demand and supply. Any crypto expert can explain please.

#Salid
#CryptoPM
#Cryptoniteuae
#CryptoPotato
Arbitrum has surpassed a significant milestone by exceeding $150 billion in total transaction volume on Uniswap. This accomplishment positions Arbitrum as the first Layer 2 protocol to reach such a level of transaction volume on the platform. The surge in volume underscores the growing adoption and activity in the DeFi space, particularly on Uniswap, a leading decentralized exchange. This achievement highlights the advantages of Layer 2 solutions like Arbitrum, which offer lower fees and improved scalability compared to the Ethereum mainnet. These advancements are pivotal for the future of DeFi, making it more accessible and cost-effective for users. It's exciting to witness how blockchain innovations are reshaping the financial landscape! 🚀 #CryptoPM #Arbitrum #cryptonews $BTC $ETH $SOL
Arbitrum has surpassed a significant milestone by exceeding $150 billion in total transaction volume on Uniswap. This accomplishment positions Arbitrum as the first Layer 2 protocol to reach such a level of transaction volume on the platform. The surge in volume underscores the growing adoption and activity in the DeFi space, particularly on Uniswap, a leading decentralized exchange. This achievement highlights the advantages of Layer 2 solutions like Arbitrum, which offer lower fees and improved scalability compared to the Ethereum mainnet. These advancements are pivotal for the future of DeFi, making it more accessible and cost-effective for users. It's exciting to witness how blockchain innovations are reshaping the financial landscape! 🚀 #CryptoPM #Arbitrum #cryptonews
$BTC
$ETH
$SOL
Cracking the Code: Unraveling the USDT Deppegging Mystery in AugustAuthor: [CRYPTO PM] Published: [02-09-2023] Stablecoins are the backbone of the cryptocurrency ecosystem, providing stability and convenience in an otherwise turbulent landscape. However, even these seemingly steadfast digital assets can experience unexpected twists and turns. In August, Kaiko researcher Riyad Carey uncovered an intricate depegging pattern that rocked the world of stablecoins, particularly Tether's USDT. This revelation sheds light on the dynamics at play and the factors that led to a remarkable 98% depegging of USDT. The USDT Depegging Saga: Unveiling the Patterns In a recent analysis presented by Kaiko researcher Riyad Carey, the crypto community gained valuable insights into the dramatic depegging of USDT, the largest stablecoin in the market. The event, which occurred on August 7, saw USDT trading at a staggering 2% discount on nearly every exchange. Carey's research introduced a novel metric designed to assess "the severity of stablecoin depegs." This metric serves as a unique threshold for each stablecoin, providing a clearer picture of their susceptibility to depegging. The USDT Depegging on August 7: What Went Down? According to Kaiko's report, the significant USDT depegging on August 7 coincided with a net selling of the token worth $500 million across major cryptocurrency trading platforms such as Binance, Uniswap, and Huobi. This incident underscores the influence of various factors on USDT's stability, including: Low Liquidity: The limited availability of USDT in the market played a role in its depegging. Redemption Fees: USDT's redemption fees contributed to the instability, as they deterred investors from redeeming their tokens. Crypto Winter: The extended bear market and uncertainty surrounding the cryptocurrency space also impacted USDT's stability. Lessons and Future Possibilities Kaiko's analysis not only highlights the intricacies of the USDT depegging event but also offers potential solutions. The researcher suggested that a reduction in redemption fees could alleviate the prevailing dilemma within the USDT ecosystem. Furthermore, it's worth noting that Tether reported an impressive $850 million profit in the second quarter of 2023. Removing redemption fees, as proposed, might not significantly affect this profitability. As the cryptocurrency landscape continues to evolve, stablecoin issuers and investors alike must remain vigilant and adaptable to navigate the complex dynamics of the market. The USDT depegging event in August serves as a reminder that even the most established cryptocurrencies are not immune to fluctuations. Understanding the underlying causes and patterns is crucial for investors and the broader crypto community to make informed decisions in an ever-changing environment. #CryptoPM #Crypto_Angel

Cracking the Code: Unraveling the USDT Deppegging Mystery in August

Author: [CRYPTO PM]

Published: [02-09-2023]

Stablecoins are the backbone of the cryptocurrency ecosystem, providing stability and convenience in an otherwise turbulent landscape. However, even these seemingly steadfast digital assets can experience unexpected twists and turns. In August, Kaiko researcher Riyad Carey uncovered an intricate depegging pattern that rocked the world of stablecoins, particularly Tether's USDT. This revelation sheds light on the dynamics at play and the factors that led to a remarkable 98% depegging of USDT.

The USDT Depegging Saga: Unveiling the Patterns

In a recent analysis presented by Kaiko researcher Riyad Carey, the crypto community gained valuable insights into the dramatic depegging of USDT, the largest stablecoin in the market. The event, which occurred on August 7, saw USDT trading at a staggering 2% discount on nearly every exchange.

Carey's research introduced a novel metric designed to assess "the severity of stablecoin depegs." This metric serves as a unique threshold for each stablecoin, providing a clearer picture of their susceptibility to depegging.

The USDT Depegging on August 7: What Went Down?

According to Kaiko's report, the significant USDT depegging on August 7 coincided with a net selling of the token worth $500 million across major cryptocurrency trading platforms such as Binance, Uniswap, and Huobi.

This incident underscores the influence of various factors on USDT's stability, including:

Low Liquidity: The limited availability of USDT in the market played a role in its depegging.

Redemption Fees: USDT's redemption fees contributed to the instability, as they deterred investors from redeeming their tokens.

Crypto Winter: The extended bear market and uncertainty surrounding the cryptocurrency space also impacted USDT's stability.

Lessons and Future Possibilities

Kaiko's analysis not only highlights the intricacies of the USDT depegging event but also offers potential solutions. The researcher suggested that a reduction in redemption fees could alleviate the prevailing dilemma within the USDT ecosystem.

Furthermore, it's worth noting that Tether reported an impressive $850 million profit in the second quarter of 2023. Removing redemption fees, as proposed, might not significantly affect this profitability. As the cryptocurrency landscape continues to evolve, stablecoin issuers and investors alike must remain vigilant and adaptable to navigate the complex dynamics of the market.

The USDT depegging event in August serves as a reminder that even the most established cryptocurrencies are not immune to fluctuations. Understanding the underlying causes and patterns is crucial for investors and the broader crypto community to make informed decisions in an ever-changing environment.

#CryptoPM #Crypto_Angel
🔥 Crypto trader turns $9,770 into $10 million during crypto launch 🚀 This guy spent 64.5 $SOL($9,769) to buy 97.36M $GUMMY in the same block where the $GUMMY deployer added liquidity. Now, the 97.36M $GUMMY is worth $10M. @Binance_News #CryptoPM
🔥 Crypto trader turns $9,770 into $10 million during crypto launch 🚀

This guy spent 64.5 $SOL($9,769) to buy 97.36M $GUMMY in the same block where the $GUMMY deployer added liquidity.

Now, the 97.36M $GUMMY is worth $10M.

@Binance News #CryptoPM
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number