Top 7 books of 2024 about crypto you may never miss to read (2/7)

The Infinite Machine by Camila Russo: This 2021 book dives into the history of Ethereum, the world's second-largest cryptocurrency by market capitalization, focusing on its founder Vitalik Buterin and the blockchain revolution.

The "Gigafactory of Compute" is a name used by Elon Musk's artificial intelligence (AI) company, xAI, for a planned supercomputer. The goal of this supercomputer is to significantly advance the capabilities of xAI's chatbot, Grok, and put it ahead of competitors.
There is limited information available about the Gigafactory of Compute since it is still in the planning stages. Here's what we know so far:
Processing Power: The supercomputer is expected to be built using 100,000 Nvidia H100 Tensor Core GPUs, making it much larger than any existing GPU cluster.Target Completion Date: Fall 2025Possible Collaboration: There are reports that xAI might collaborate with Oracle for this project.
If successful, the Gigafactory of Compute could be a significant development in the field of artificial intelligence. It would provide xAI with the processing power needed to train and develop Grok into a much more powerful and intelligent language model.

Meta Backs Away from NFTs: After facing criticism, Meta (formerly Facebook) has reportedly halted its development of NFTs for Facebook and Instagram. (The Independent)

Trump and Crypto: Donald Trump has reiterated his stance on crypto, promising to loosen regulations and even suggesting he might pardon the founder of Silk Road, an infamous darknet marketplace, if re-elected. (Cointelegraph)

CME Reportedly Considering Spot Bitcoin Trading: The Chicago Mercantile Exchange (CME) might be entering the fray by potentially launching spot Bitcoin trading, potentially increasing competition with major exchanges like Binance and Coinbase. (CoinDesk)$BTC

Argentina Studies El Salvador's Bitcoin Move: Intrigued by El Salvador's adoption of Bitcoin, Argentina is looking into the potential benefits and drawbacks of following a similar path. (Cointelegraph)$BTC

Ethereum Price Up on ETF Optimism: Ethereum (Ether) is also experiencing significant price gains, reaching nearly $4,000, likely due to the positive sentiment surrounding the approval of several Ethereum ETFs. (Cointelegraph)$ETH

Caitlyn Jenner Meme Coin Causes Confusion: A new meme coin featuring Caitlyn Jenner has emerged, but its origin and purpose are unclear, raising questions among crypto observers. (CoinDesk)

Global Bitcoin ETFs Hold Over 1 Million BTC: Data suggests that globally, Bitcoin ETFs now hold over 1 million Bitcoins. The US leads the pack with Grayscale, BlackRock, and Fidelity being the top holders. (Binance Square)$BTC

Ethereum L2 Network Launched: Taiko, a layer-2 network for Ethereum based on zkRollup technology, has officially launched on the mainnet. They also plan to introduce a DAO for community governance later this year. (Binance Square)$ETH

Coins on Fire: Ethereum-based meme coins like PEPE and MOG are reaching new highs, possibly due to traders looking for alternative ways to profit alongside rising Ether prices. (CoinDesk) $PEPE $MOG

Bitcoin on the Rise: Bitcoin's price is surging past $71,000 fueled by hopes of a coming Ethereum ETF approval. This triggered a wave of short selling liquidations pushing the price even higher. (CoinDesk) $BTC $ETH

Ethereum and DeFi:
Ethereum L2 network Taiko launches on mainnet, plans DAO rollout (Binance Square)

Meme coins based on Ethereum projects like PEPE and MOG see record highs (CoinDesk)

SEC scrutiny continues, Uniswap pushes back against potential enforcement (CNBC)$ETH

Bitcoin Price Surge:
Bitcoin price jumps over $71,000 as hopes for Ethereum ETFs fuel short squeezes (CoinDesk)Bitcoin traders optimistic, target highs of $74K next week (CoinDesk)Is Bitcoin back? Price suddenly surges as investors flock to crypto (The Independent)$BTC

Top 7 books of 2024 about crypto you may never miss to read (1/7)

The Bitcoin Standard by Saifedean Ammous$: This influential book, first published in 2018, explores Bitcoin's history, its economic and technological underpinnings, and its potential as a store of value. $BTC

Crypto Headlines - May 21, 2024
Bitcoin on the Rise:

Bitcoin Soars: After weeks of decline, Bitcoin (BTC) is experiencing a surge, reaching a new 2024 high above $71,000 [multiple sources]. Some analysts predict it could hit $74,000 next week [Coindesk].

Investors Flocking Back: This sudden rise is attributed to renewed investor interest, possibly due to easing selling pressure [Coindesk].

Ethereum Following Suit:
Ethereum Up Sharply: Ethereum (ETH) is not lagging behind, with a significant 19% increase in the last 24 hours, surpassing $3,600 [Binance].

Spot ETF Approval Rumors Fueling Rally: Speculation about the approval of a spot Bitcoin ETF by the SEC might be contributing to the Ethereum price increase [Coindesk].

Other Interesting Crypto News:
Grayscale Shakeup: Grayscale's CEO, Michael Sonnenshein, has stepped down, with a Goldman Sachs executive taking his place [CNBC].

Tether's Expansion Plans: Tether is looking to expand its dollar and gold-backed stablecoins to the TON network to boost peer-to-peer payments on Telegram [Coindesk].

Remember: The crypto market is known for its volatility, so these highs may not be permanent.

Bitcoin and cryptocurrencies are digital forms of money. They operate without being tied to a particular government or central bank. Instead, a technology called blockchain controls them.

Blockchain is a kind of digital accounting that records all transactions so that they are secure and transparent.

When you buy or receive bitcoin or other cryptocurrencies, you access them via a digital wallet, also called a "wallet".

You can use them to buy goods and services, trade with other cryptocurrencies, or just save them as an investment in the hope that their value will increase over time.

But it is important to remember that cryptocurrencies can also be risky. Their value can fluctuate widely and there is a risk of fraud. So it is a good idea to be careful and do your research before investing in them.
#bitcoinBinance

Bitcoin and cryptocurrencies are digital forms of money. They operate without being tied to a particular government or central bank. Instead, a technology called blockchain controls them.

Blockchain is a kind of digital accounting that records all transactions so that they are secure and transparent.

When you buy or receive bitcoin or other cryptocurrencies, you access them via a digital wallet, also called a "wallet".

You can use them to buy goods and services, trade with other cryptocurrencies, or just save them as an investment in the hope that their value will increase over time.

But it is important to remember that cryptocurrencies can also be risky. Their value can fluctuate widely and there is a risk of fraud. So it is a good idea to be careful and do your research before investing in them.

hashta#bitcoinBinance

SEC to file lawsuit against Uniswap, issuing a Wells Notice to the company.
$
#Uniswap $UNI #Uni

$PEPE

Here's a breakdown of the information about PEPE's price, focusing on what's important:

The Bad News

Price Drop: The price of PEPE has decreased by 7.66% in the last week. It's down a further 16.09% from its 7-day high.Low Trading Activity: People aren't buying and selling PEPE much. Trading volumes are down 87.22%, which usually means less demand and a negative effect on the price.Investors Pulling Out: There's a huge outflow of capital (around $4.42 trillion worth of PEPE). This suggests investors are losing faith in the token and are actively selling it off.Sell Orders Outweigh Buy Orders: More people want to sell PEPE than buy it, adding more downward pressure on the price.

Mixed Signals

Technicals Not Clear: Some indicators (MACD) are confusing, suggesting potential positive movement even as the price trends downward. This could mean more price drops are coming, or that a small reversal might be on the horizon.RSI Neutral: The RSI indicates neither a strong buying nor selling trend, but this doesn't align with what else is going on in the market.

What Does It All Mean?

Overall, things look very bad for PEPE at the moment. Here's why:

The price is dropping significantlyLow trade volumes suggest a lack of strong interestInvestors are pulling their money out in a major way

Other Considerations

Meme Coin: PEPE is a meme cryptocurrency, meaning its value is largely driven by social media trends and hype rather than real-world utility.Market News: There seems to be a general downturn in the meme coin sector, and PEPE is getting caught in this wave.

Important Reminders

Market Volatility: Cryptocurrency prices are famous for changing rapidly.Not Financial Advice: Do your own careful research before investing.

Should You Invest?
Investing in PEPE right now appears highly risky. Unless you are a very experienced trader with a high-risk tolerance, it's likely best to stay away.

Let me know if you have any other questions!