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GBTC Discount Narrows to 27% for the First Time Since May 2022, Here’s Why
The narrowing GBTC discount resulted from the renewed hope for a spot Bitcoin ETF in the United States.
Grayscale Bitcoin Trust’s (GBTC) share price discount has dropped below 27% for the first time in more than 14 months. The milestone has sparked optimism among investors and crypto enthusiasts, signaling a positive trend for the popular investment vehicle.
According to data from monitoring resource CoinGlass, the GBTC negative premium is currently at -26.76%. The last time the shares traded at this level was in May 2022 during the Terra LUNA saga, which sent the entire crypto industry into chaos.
GBTC Discount Drops Below 27%
GBTC, owned and operated by the world’s largest digital asset manager Grayscale Investments, has long been recognized as a prominent investment option for investors seeking exposure to bitcoin without directly owning the crypto asset. The trust holds a substantial amount of BTC, allowing investors to gain indirect exposure to the leading digital asset.
Over the past year, GBTC has struggled and experienced periods of trading at a significant discount to its underlying BTC holdings. The negative premium, a measure of the difference between the net asset value (NAV) of GBTC shares and the market price, has been a source of concern for investors and has often been attributed to the trust’s structure and unique characteristics.
The GBTC discount can be attributed to several factors, such as the crypto credit crunch in 2021, the rejection of Grayscale’s Bitcoin spot exchange-traded fund (ETF) application, and the financial struggles of its parent company, Digital Currency Group (DCG). In December last year, these events caused the GBTC discount to reach a record high of nearly 50%.
However, the recent narrowing of the discount below 27% marks a significant positive development for GBTC and its investors. The reduction indicates that the market is valuing GBTC shares more closely in line with the underlying BTC holdings, which has bolstered investor confidence and optimism.
What’s Behind GBTC’s Narrowing Discount?
The narrowing discount likely resulted from the renewed hope for a spot Bitcoin ETF in the United States. In mid-June, the world’s largest asset manager BlackRock resubmitted its application with the U.S. Securities and Exchange Commission (SEC) to launch such a product.
Shortly after the filing, other firms, including WisdomTree and Invesco, were inspired to submit new applications for a spot Bitcoin ETF. Although the SEC said the recent filings were not “sufficiently clear and comprehensive,” the applications made investors bullish.
The discount on GBTC was 41.7% before BlackRock’s application and has been consistently decreasing.
The post GBTC Discount Narrows to 27% for the First Time Since May 2022, Here’s Why appeared first on CryptoPotato.
Grayscale Bitcoin Trust’s (GBTC) share price discount has dropped below 27% for the first time in more than 14 months. The milestone has sparked optimism among investors and crypto enthusiasts, signaling a positive trend for the popular investment vehicle.
According to data from monitoring resource CoinGlass, the GBTC negative premium is currently at -26.76%. The last time the shares traded at this level was in May 2022 during the Terra LUNA saga, which sent the entire crypto industry into chaos.
GBTC Discount Drops Below 27%
GBTC, owned and operated by the world’s largest digital asset manager Grayscale Investments, has long been recognized as a prominent investment option for investors seeking exposure to bitcoin without directly owning the crypto asset. The trust holds a substantial amount of BTC, allowing investors to gain indirect exposure to the leading digital asset.
Over the past year, GBTC has struggled and experienced periods of trading at a significant discount to its underlying BTC holdings. The negative premium, a measure of the difference between the net asset value (NAV) of GBTC shares and the market price, has been a source of concern for investors and has often been attributed to the trust’s structure and unique characteristics.
The GBTC discount can be attributed to several factors, such as the crypto credit crunch in 2021, the rejection of Grayscale’s Bitcoin spot exchange-traded fund (ETF) application, and the financial struggles of its parent company, Digital Currency Group (DCG). In December last year, these events caused the GBTC discount to reach a record high of nearly 50%.
However, the recent narrowing of the discount below 27% marks a significant positive development for GBTC and its investors. The reduction indicates that the market is valuing GBTC shares more closely in line with the underlying BTC holdings, which has bolstered investor confidence and optimism.
What’s Behind GBTC’s Narrowing Discount?
The narrowing discount likely resulted from the renewed hope for a spot Bitcoin ETF in the United States. In mid-June, the world’s largest asset manager BlackRock resubmitted its application with the U.S. Securities and Exchange Commission (SEC) to launch such a product.
Shortly after the filing, other firms, including WisdomTree and Invesco, were inspired to submit new applications for a spot Bitcoin ETF. Although the SEC said the recent filings were not “sufficiently clear and comprehensive,” the applications made investors bullish.
The discount on GBTC was 41.7% before BlackRock’s application and has been consistently decreasing.
The post GBTC Discount Narrows to 27% for the First Time Since May 2022, Here’s Why appeared first on CryptoPotato.
OpenAI Launches ‘superalignment’ Team to Tackle Superintelligence Risks Head-on
TL;DR Breakdown
OpenAI is raising awareness about the risks of AI superintelligence and forming a dedicated team to address these concerns.
The company emphasizes aligning superintelligence with human values and intentions and establishing new governance institutions.
OpenAI acknowledges that aligning AGI poses significant risks and may require a collective effort from humanity.
OpenAI‘s CEO, Sam Altman, has embarked on a global campaign to raise awareness about the potential dangers of AI superintelligence, where machines surpass human intelligence and could become uncontrollable.
In response to these concerns, OpenAI has recently announced the formation of a dedicated team tasked with developing methods to address the risks associated with superintelligence, which may emerge within this decade.
The company emphasizes that effectively managing superintelligence requires establishing new governance institutions and solving the critical challenge of aligning the superintelligence with human values and intentions.
OpenAI acknowledges that aligning AGI (Artificial General Intelligence) poses significant risks to humanity and may necessitate a collective effort from all of humanity, as stated in a blog post released last year.
Dubbed “Superalignment,” the newly formed team comprises top-tier researchers and engineers in machine learning. Ilya Sutskever, co-founder and chief scientist of OpenAI, and Jan Leike, the head of alignment, are guiding this endeavor.
To tackle the core technical challenges of superintelligence alignment, OpenAI has committed to dedicating 20% of its computational resources acquired thus far to the alignment problem. The company anticipates that within four years, it will resolve these challenges.
The primary objective of the superalignment team is to develop a human-level automated alignment researcher. This entails creating AI systems that can effectively align superintelligent AI systems, outperforming humans in speed and precision.
To achieve this milestone, the team will focus on developing a scalable training method that utilizes AI systems to evaluate other AI systems. They will validate their resulting model by automating the search for potentially problematic behavior. The alignment pipeline will also undergo rigorous stress testing by deliberately training misaligned models to gauge their detectability.
OpenAI’s efforts to address superintelligence risks mark a significant step forward in pursuing responsible and aligned AI development. By assembling a team of top researchers and committing substantial computational resources, the company demonstrates its commitment to proactively mitigating the potential risks associated with the advent of superintelligence. As they embark on this ambitious journey, OpenAI sets a precedent for collaboration and unity in safeguarding humanity’s future in the age of AI.
OpenAI is raising awareness about the risks of AI superintelligence and forming a dedicated team to address these concerns.
The company emphasizes aligning superintelligence with human values and intentions and establishing new governance institutions.
OpenAI acknowledges that aligning AGI poses significant risks and may require a collective effort from humanity.
OpenAI‘s CEO, Sam Altman, has embarked on a global campaign to raise awareness about the potential dangers of AI superintelligence, where machines surpass human intelligence and could become uncontrollable.
In response to these concerns, OpenAI has recently announced the formation of a dedicated team tasked with developing methods to address the risks associated with superintelligence, which may emerge within this decade.
The company emphasizes that effectively managing superintelligence requires establishing new governance institutions and solving the critical challenge of aligning the superintelligence with human values and intentions.
OpenAI acknowledges that aligning AGI (Artificial General Intelligence) poses significant risks to humanity and may necessitate a collective effort from all of humanity, as stated in a blog post released last year.
Dubbed “Superalignment,” the newly formed team comprises top-tier researchers and engineers in machine learning. Ilya Sutskever, co-founder and chief scientist of OpenAI, and Jan Leike, the head of alignment, are guiding this endeavor.
To tackle the core technical challenges of superintelligence alignment, OpenAI has committed to dedicating 20% of its computational resources acquired thus far to the alignment problem. The company anticipates that within four years, it will resolve these challenges.
The primary objective of the superalignment team is to develop a human-level automated alignment researcher. This entails creating AI systems that can effectively align superintelligent AI systems, outperforming humans in speed and precision.
To achieve this milestone, the team will focus on developing a scalable training method that utilizes AI systems to evaluate other AI systems. They will validate their resulting model by automating the search for potentially problematic behavior. The alignment pipeline will also undergo rigorous stress testing by deliberately training misaligned models to gauge their detectability.
OpenAI’s efforts to address superintelligence risks mark a significant step forward in pursuing responsible and aligned AI development. By assembling a team of top researchers and committing substantial computational resources, the company demonstrates its commitment to proactively mitigating the potential risks associated with the advent of superintelligence. As they embark on this ambitious journey, OpenAI sets a precedent for collaboration and unity in safeguarding humanity’s future in the age of AI.
Did Blur Kill the NFT Market?
Blur founder, Pacman, defends his NFT marketplace against accusations that the platform’s strategies crashed the NFT market.
Are NFTs In Trouble Because Of Blur?
NFT marketplace Blur faces a public backlash over the falling NFT prices as investors and traders point fingers at its incentivized trading model. The upstart marketplace surpassed OpenSea as the leading Ethereum NFT trading platform by volume in February but now faces scrutiny.
As the NFT market faces turbulent times, questions about the long-term sustainability of incentivized trading models are being raised. Bored Ape Yacht Club prices hit a two-year low, and other notable projects have also seen sizable price declines. Traders and investors are reevaluating the underlying value of NFTs and whether the current market downturn is a natural correction or a symptom of larger systemic issues.
Blur’s Controversial Stance On NFTs
Blur's stance that NFTs are not unique assets but rather "altcoins with pictures," as controversially tweeted by crypto influencer Cobie last year, has reinforced this sentiment.
Blur made its debut as a marketplace in October, positioning itself as the platform for professional NFT traders. The promise of a token airdrop enticed users to choose Blur over competitors like OpenSea. When the BLUR token was finally launched in February, Blur quickly overtook OpenSea, becoming the top marketplace in terms of trading volume.
A Short-Lived Success For Blur
Traders began rapidly flipping NFTs to earn rewards, treating assets like Bored Apes and Otherside land plots as if they were fungible tokens. The surge in trading volume on Blur propelled the market-wide tally above $2 billion in February. As a result, some firms, like data platform CryptoSlam, denounced it as "wash trading,” and the initial craze for the Blur marketplace died down pretty soon.
In recent months, overall market trading has sharply declined, resulting in whale traders, who initially benefited from exploiting the rewards model, now suffering losses and withdrawing funds from Blur's NFT bidding pool.
Founder Pacman Responds
Blur founder Tieshun Roquerre, who is more popularly known as Pacman, responded to the allegations against Blur, saying,
“We launched in October 22. Since then, some floor prices have gone up, some floor prices have gone down. One of the few times floor prices went up in concert was when we injected liquidity into NFTs via our airdrop. One of the few times floor prices went down in concert was when $40m of liquidity was removed via the Azuki mint (not throwing stones, the market just moves based on liquidity more than anything else).”
Are NFTs In Trouble Because Of Blur?
NFT marketplace Blur faces a public backlash over the falling NFT prices as investors and traders point fingers at its incentivized trading model. The upstart marketplace surpassed OpenSea as the leading Ethereum NFT trading platform by volume in February but now faces scrutiny.
As the NFT market faces turbulent times, questions about the long-term sustainability of incentivized trading models are being raised. Bored Ape Yacht Club prices hit a two-year low, and other notable projects have also seen sizable price declines. Traders and investors are reevaluating the underlying value of NFTs and whether the current market downturn is a natural correction or a symptom of larger systemic issues.
Blur’s Controversial Stance On NFTs
Blur's stance that NFTs are not unique assets but rather "altcoins with pictures," as controversially tweeted by crypto influencer Cobie last year, has reinforced this sentiment.
Blur made its debut as a marketplace in October, positioning itself as the platform for professional NFT traders. The promise of a token airdrop enticed users to choose Blur over competitors like OpenSea. When the BLUR token was finally launched in February, Blur quickly overtook OpenSea, becoming the top marketplace in terms of trading volume.
A Short-Lived Success For Blur
Traders began rapidly flipping NFTs to earn rewards, treating assets like Bored Apes and Otherside land plots as if they were fungible tokens. The surge in trading volume on Blur propelled the market-wide tally above $2 billion in February. As a result, some firms, like data platform CryptoSlam, denounced it as "wash trading,” and the initial craze for the Blur marketplace died down pretty soon.
In recent months, overall market trading has sharply declined, resulting in whale traders, who initially benefited from exploiting the rewards model, now suffering losses and withdrawing funds from Blur's NFT bidding pool.
Founder Pacman Responds
Blur founder Tieshun Roquerre, who is more popularly known as Pacman, responded to the allegations against Blur, saying,
“We launched in October 22. Since then, some floor prices have gone up, some floor prices have gone down. One of the few times floor prices went up in concert was when we injected liquidity into NFTs via our airdrop. One of the few times floor prices went down in concert was when $40m of liquidity was removed via the Azuki mint (not throwing stones, the market just moves based on liquidity more than anything else).”
Telescope Labs Launches Comprehensive Solution Suite to Revolutionize Web3 Gaming
Key Highlights
Telescope Labs has introduced a comprehensive suite of solutions that leverage next-generation data analytics and predictive models.
Telescope Labs has formed strategic partnerships with renowned game studios and initiatives such as Gamevolution, PlayEmber, Widow Games, and Pink Moon Studios.
Telescope Labs, an innovative startup specializing in data analytics and AI-powered game economies has announced the launch of its comprehensive solution suite following plans to revolutionize the Web3 gaming landscape.
In line with its mission, the development will see the company helping Web3 gaming companies achieve sustainability in their virtual economies with a suite of novel AI-powered solutions. After securing over $2 million in pre-seed funding from Griffin Gaming Partners and Kube VC, Telescope Labs has emerged from the shadows, aiming to transform the industry through cutting-edge products and strategic partnerships.
Per the announcement, the startup's core focus is on empowering gaming companies to establish sustainable virtual economies using next-generation data analytics and predictive models. Its comprehensive solution suite includes Market Intelligence and Data Analytic tools that provide valuable insights and optimization opportunities for game developers and publishers.
Semih Gilan, CEO and Co-founder of Telescope Labs, expressed enthusiasm for the journey ahead, stating, "By unlocking the power of LLMs, we pioneer evolution in game analytics and empower developers to revolutionize the industry." Gilan highlighted the transformative impact of AI, enabling developers to gain invaluable insights that will drive the future of game development and support the creation of immersive and engaging experiences.
Telescope Labs Forms Strategic Partnerships With Leading Game Studios and Initiatives
Telescope Labs has strategically partnered with industry-leading game studios and initiatives such as Gamevolution, PlayEmber, Widow Games, and Pink Moon Studios. These partnerships reflect the company's commitment to innovation and collaboration within the rapidly growing Web3 gaming space.
Basically, one of the most exciting offerings from Telescope Labs is Vantage, an advanced economy-specialized LLM chat solution powered by AI. Equipped with a natural language query interface, Vantage allows users to seamlessly analyze, generate insights, and optimize their game economies. This groundbreaking tool is poised to revolutionize data analysis and decision-making in the gaming industry, enabling developers to unlock the full potential of their game economies.
Telescope Labs, with its commitment to excellence and industry collaboration, appears to be well-positioned to drive meaningful change in the gaming world. Hugo Furneaux, CEO of PlayEmber, emphasized the forward-thinking nature of their partnership, expressing their belief that Telescope Labs is pushing the boundaries of what can be achieved in Web 2.0 and 3.0. Furneaux added saying, "we are all incredibly excited to utilize new data to build meaningful lifetime value with our users."
Also, Phil Sanderson, Managing Director & Co-founder of Griffin Gaming Partners, emphasized the significance of understanding game economies for successful developers. Balancing in-game economies, similar to real-world economies, is crucial to avoid hyperinflation or deflation that can disrupt the game experience and lead to dissatisfaction among players, potentially resulting in real-world economic consequences. Sanderson stressed the need for a game economy management tool that can analyze and utilize on- and off-chain data points.
Wrapping Up
Telescope Labs' strategic partnerships with leading game studios and initiatives further demonstrate its commitment to innovation and collaboration within the Web3 gaming space. By harnessing the power of AI and data, the company is driving meaningful change in the gaming world, offering developers the tools they need to unlock the full potential of their game economies.
Telescope Labs has introduced a comprehensive suite of solutions that leverage next-generation data analytics and predictive models.
Telescope Labs has formed strategic partnerships with renowned game studios and initiatives such as Gamevolution, PlayEmber, Widow Games, and Pink Moon Studios.
Telescope Labs, an innovative startup specializing in data analytics and AI-powered game economies has announced the launch of its comprehensive solution suite following plans to revolutionize the Web3 gaming landscape.
In line with its mission, the development will see the company helping Web3 gaming companies achieve sustainability in their virtual economies with a suite of novel AI-powered solutions. After securing over $2 million in pre-seed funding from Griffin Gaming Partners and Kube VC, Telescope Labs has emerged from the shadows, aiming to transform the industry through cutting-edge products and strategic partnerships.
Per the announcement, the startup's core focus is on empowering gaming companies to establish sustainable virtual economies using next-generation data analytics and predictive models. Its comprehensive solution suite includes Market Intelligence and Data Analytic tools that provide valuable insights and optimization opportunities for game developers and publishers.
Semih Gilan, CEO and Co-founder of Telescope Labs, expressed enthusiasm for the journey ahead, stating, "By unlocking the power of LLMs, we pioneer evolution in game analytics and empower developers to revolutionize the industry." Gilan highlighted the transformative impact of AI, enabling developers to gain invaluable insights that will drive the future of game development and support the creation of immersive and engaging experiences.
Telescope Labs Forms Strategic Partnerships With Leading Game Studios and Initiatives
Telescope Labs has strategically partnered with industry-leading game studios and initiatives such as Gamevolution, PlayEmber, Widow Games, and Pink Moon Studios. These partnerships reflect the company's commitment to innovation and collaboration within the rapidly growing Web3 gaming space.
Basically, one of the most exciting offerings from Telescope Labs is Vantage, an advanced economy-specialized LLM chat solution powered by AI. Equipped with a natural language query interface, Vantage allows users to seamlessly analyze, generate insights, and optimize their game economies. This groundbreaking tool is poised to revolutionize data analysis and decision-making in the gaming industry, enabling developers to unlock the full potential of their game economies.
Telescope Labs, with its commitment to excellence and industry collaboration, appears to be well-positioned to drive meaningful change in the gaming world. Hugo Furneaux, CEO of PlayEmber, emphasized the forward-thinking nature of their partnership, expressing their belief that Telescope Labs is pushing the boundaries of what can be achieved in Web 2.0 and 3.0. Furneaux added saying, "we are all incredibly excited to utilize new data to build meaningful lifetime value with our users."
Also, Phil Sanderson, Managing Director & Co-founder of Griffin Gaming Partners, emphasized the significance of understanding game economies for successful developers. Balancing in-game economies, similar to real-world economies, is crucial to avoid hyperinflation or deflation that can disrupt the game experience and lead to dissatisfaction among players, potentially resulting in real-world economic consequences. Sanderson stressed the need for a game economy management tool that can analyze and utilize on- and off-chain data points.
Wrapping Up
Telescope Labs' strategic partnerships with leading game studios and initiatives further demonstrate its commitment to innovation and collaboration within the Web3 gaming space. By harnessing the power of AI and data, the company is driving meaningful change in the gaming world, offering developers the tools they need to unlock the full potential of their game economies.
Lido Team Accuses Competitor of Excessive Centralization in Liquid Staking Protocols
CryptoIntelligence - Thomas Goldstein2023-07-06 13:33
In a recent social media post on July 4, Dmitry Gusakov, the community staking lead for Lido, accused their competitor, Rocket Pool, of excessive centralization.
Lido and Rocket Pool are both liquid staking protocols that enable users to delegate their cryptocurrency to validators and receive derivative tokens in return.
Gusakov’s post highlighted that the Rocket Pool contracts are under the control of the Rocket Pool team, allowing them to modify any parameters and execute any methods.
This means that Rocket Pool developers possess the ability to increase the inflation rate to an arbitrarily high percentage or raise fees up to 100%.
Gusakov emphasized that such vulnerabilities do not exist in Lido’s contracts since these actions are “fully controlled by [decentralized autonomous organization] LidoDAO.”
He claimed that the Rocket Pool contracts, on the other hand, grant significant control to the team.
In response to these allegations, Rocket Pool management committee member Waq acknowledged the existence of the vulnerability and assured that it would be addressed in the future.
Waq accused the Lido team of attempting to take credit for identifying an issue that was already known to Rocket Pool.
According to Gusakov’s post, the RocketStorage contract at Ethereum address 0x1d8f8f00cfa6758d7bE78336684788Fb0ee0Fa46 contains a parameter called “guardian.”
Various functions within the Rocket Pool contracts are labeled as “onlyGuardian,” indicating that they can only be called by the account specified in this parameter, which is currently set to the RocketPool deployer account at 0x0cCF14983364A7735d369879603930Afe10df21e.
Gusakov explained that actions that can be performed by the “guardian” include altering the “RPL InflationIntervalRate” and the “ETH DepositFee.”
This implies that the Rocket Pool team has the power to increase the inflation rate of the Rocket Pool governance token (RPL) or potentially manipulate users’ deposits by setting the fee to 100%.
The allegations made by Gusakov were shared by content creator Chris Blec, who argued that they demonstrate that “pDAO is not a DAO” and that RPL token holders do not genuinely control Rocket Pool’s governance.
In response, Rocket Pool community advocate Jasper.lens acknowledged the centralization issue and stated that it would be resolved in the upcoming Saturn upgrade.
Jasper explained that during the initial testing phase of Rocket Pool’s DAO voting systems, on-chain voting was not permitted.
However, after completing the testing phase, the upcoming Saturn upgrade is intended to address the centralization concerns.
Supporting Jasper.lens’ statement, Waq commented that the Rocket Pool community has been actively working on fixing the centralization issue for over a year.
Waq also predicted that the Lido team would hastily claim credit for the resolution once it is implemented.
Liquid staking protocols have gained significant popularity in recent months.
DefiLlama, a blockchain analytics platform, reported on May 1 that these protocols had surpassed decentralized exchanges as the leading decentralized finance category in terms of total value locked.
Additionally, Tenet’s partnership with LayerZero on May 30 aims to expand liquid staking implementation to more blockchains in the future.
In a recent social media post on July 4, Dmitry Gusakov, the community staking lead for Lido, accused their competitor, Rocket Pool, of excessive centralization.
Lido and Rocket Pool are both liquid staking protocols that enable users to delegate their cryptocurrency to validators and receive derivative tokens in return.
Gusakov’s post highlighted that the Rocket Pool contracts are under the control of the Rocket Pool team, allowing them to modify any parameters and execute any methods.
This means that Rocket Pool developers possess the ability to increase the inflation rate to an arbitrarily high percentage or raise fees up to 100%.
Gusakov emphasized that such vulnerabilities do not exist in Lido’s contracts since these actions are “fully controlled by [decentralized autonomous organization] LidoDAO.”
He claimed that the Rocket Pool contracts, on the other hand, grant significant control to the team.
In response to these allegations, Rocket Pool management committee member Waq acknowledged the existence of the vulnerability and assured that it would be addressed in the future.
Waq accused the Lido team of attempting to take credit for identifying an issue that was already known to Rocket Pool.
According to Gusakov’s post, the RocketStorage contract at Ethereum address 0x1d8f8f00cfa6758d7bE78336684788Fb0ee0Fa46 contains a parameter called “guardian.”
Various functions within the Rocket Pool contracts are labeled as “onlyGuardian,” indicating that they can only be called by the account specified in this parameter, which is currently set to the RocketPool deployer account at 0x0cCF14983364A7735d369879603930Afe10df21e.
Gusakov explained that actions that can be performed by the “guardian” include altering the “RPL InflationIntervalRate” and the “ETH DepositFee.”
This implies that the Rocket Pool team has the power to increase the inflation rate of the Rocket Pool governance token (RPL) or potentially manipulate users’ deposits by setting the fee to 100%.
The allegations made by Gusakov were shared by content creator Chris Blec, who argued that they demonstrate that “pDAO is not a DAO” and that RPL token holders do not genuinely control Rocket Pool’s governance.
In response, Rocket Pool community advocate Jasper.lens acknowledged the centralization issue and stated that it would be resolved in the upcoming Saturn upgrade.
Jasper explained that during the initial testing phase of Rocket Pool’s DAO voting systems, on-chain voting was not permitted.
However, after completing the testing phase, the upcoming Saturn upgrade is intended to address the centralization concerns.
Supporting Jasper.lens’ statement, Waq commented that the Rocket Pool community has been actively working on fixing the centralization issue for over a year.
Waq also predicted that the Lido team would hastily claim credit for the resolution once it is implemented.
Liquid staking protocols have gained significant popularity in recent months.
DefiLlama, a blockchain analytics platform, reported on May 1 that these protocols had surpassed decentralized exchanges as the leading decentralized finance category in terms of total value locked.
Additionally, Tenet’s partnership with LayerZero on May 30 aims to expand liquid staking implementation to more blockchains in the future.
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Binance Build --July 5, 2023/Binance Blog
It's time to take a look at some of our latest#Binanceproduct updates.
Our new and improved Auto-Invest product, crypto box quizzes and our integration with @tradingview - just to name a few
We cover them all in the blog below.
· View original · Rate this translation
https://www.binance.com/en/blog/ecosystem/binance-build--july-5-2023-5304450747039048384?ref=R30T0FSD&utm_source=BinanceFacebook&utm_medium=GlobalSocial&utm_campaign=GlobalSocial&fbclid=IwAR2L3D_L-IJ613SbBF AOyISvr2QD8KqqtrQHRy4i2kRGfCve4S5iONxg6rY
Our new and improved Auto-Invest product, crypto box quizzes and our integration with @tradingview - just to name a few
We cover them all in the blog below.
· View original · Rate this translation
https://www.binance.com/en/blog/ecosystem/binance-build--july-5-2023-5304450747039048384?ref=R30T0FSD&utm_source=BinanceFacebook&utm_medium=GlobalSocial&utm_campaign=GlobalSocial&fbclid=IwAR2L3D_L-IJ613SbBF AOyISvr2QD8KqqtrQHRy4i2kRGfCve4S5iONxg6rY
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Binance to remove some deposit addresses in Q3 2023
Binance plans to retire a number of deposit addresses and memos in the third quarter (July - September) 2023, as part of the continued upgrade of its wallet infrastructure aimed at improving the efficiency and security of funds for users. Users affected by the address removal will receive batch email notifications, informing them of the changes. Affected users are strongly recommended to obtain new addresses and memos, if applicable, upon receipt of these notifications. The following networks are among those scheduled to migrate in Q3 2023: BTC, BCH, SEGWITBTC, XRP, SOL, XMR, LTC, ADA, DOGE, DOT, FIL, ALGO, NEAR, WAVES, AVAX, HBAR, RUNE , EGLD, FLOW, ICP, EOS, KAVA, DASH, ELF, IOST, IOTA, STX, WAX, CKB, ICX, ASTR, SCRT, INJ, BAND, STEEM, HIVE, XEM, FET and BTS. This migration is in line with Binance's ongoing efforts to provide its users with better wallet functionality and fund security. The company urges its users to monitor their email notifications and take necessary steps to minimize any inconvenience during the transition period.
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BlockFi bankruptcy plans opposed by FTX, Three Arrows and SEC
Proposals put forward by former crypto lender BlockFi constitute an abuse of bankruptcy rules, according to a legal filing filed Wednesday by FTX, with more than $1 billion in disputed transactions at stake.
BlockFi's plans, which were to be discussed at a New Jersey court hearing on July 13, were also challenged by liquidated hedge fund Three Arrows Capital (3AC) and federal regulator the Securities and Exchange Commission ( DRY).
BlockFi's plans, which were to be discussed at a New Jersey court hearing on July 13, were also challenged by liquidated hedge fund Three Arrows Capital (3AC) and federal regulator the Securities and Exchange Commission ( DRY).
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Danish Banking Giant Ordered to Cease Its Crypto Trading Activities
The Danish Financial Supervisory Authority (FSA) has issued an order to Saxo Bank A/S, a major Danish bank, requiring it to divest its cryptocurrency holdings. The FSA said that trading crypto assets for the bank's own account is not legally permitted for Danish financial institutions, as it falls under the ancillary business activities of banks. The move highlights authorities' concerns about the risks associated with unregulated crypto trading. The FSA clarified that Saxo Bank's engagement in crypto trading was aimed at mitigating the risks associated with the bank's offering of other financial products. However, the regulator emphasized that such activity, although serving a risk mitigation objective, is not permitted under existing regulations for Danish financial institutions. Adding to the complexity of the situation, The FSA noted that the European Union's regulatory framework for crypto assets, the Markets in Crypto Assets (MiCA) Regulation, is expected to come into force on December 30, 2024. Until then, Trading in crypto assets remains unregulated, raising concerns about possible distrust within the financial system. They emphasized that legitimizing unregulated trading of crypto assets would be unjustified, given the inherent risks and lack of oversight in this evolving market. This directive from the FSA comes at a time when the global cryptocurrency market is facing increased scrutiny from regulators around the world. Cryptocurrencies have grown in popularity in recent years, attracting significant investments and attracting the attention of institutional and retail investors. However, their decentralized nature and lack of traditional oversight have raised concerns about possible financial instability and investor protection.The FSA's decision to order Saxo Bank to divest its crypto holdings reflects the Danish authorities' commitment to ensuring a stable and secure financial system. By proactively addressing potential risks associated with unregulated crypto trading, they aim to protect investors and maintain the integrity of the Danish financial sector. Industry experts believe the move will prompt other Danish banks and financial institutions to evaluate their own involvement in the crypto market. With the FSA taking a tough stance on unauthorized crypto activities, financial institutions are expected to take steps to comply with existing regulations and await the implementation of MiCA. Saxo Bank has not yet issued an official statement regarding the FSA directive. However, it is expected that the bank will cooperate with the regulator to ensure compliance and mitigate any potential risks associated with its crypto holdings. With the European Union's MiCA regulation expected to come into force at the end of 2024, the FSA's action serves as a preventative measure to address the risks associated with unregulated crypto trading. The move is expected to prompt other Danish banks and financial institutions to evaluate their own involvement in the crypto market and ensure compliance with current regulations. With the European Union's MiCA regulation expected to come into force at the end of 2024, the FSA's action serves as a preventative measure to address the risks associated with unregulated crypto trading. The move is expected to prompt other Danish banks and financial institutions to evaluate their own involvement in the crypto market and ensure compliance with current regulations. With the European Union's MiCA regulation expected to come into force at the end of 2024, the FSA's action serves as a preventative measure to address the risks associated with unregulated crypto trading.The move is expected to prompt other Danish banks and financial institutions to evaluate their own involvement in the crypto market and ensure compliance with current regulations.
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Quiz: Ethereum, test your knowledge of ETH and find out if you are the hidden son of CZ.
Summary :
Are you ready to dive into the fascinating world of Ethereum and test your knowledge? In this thrilling quiz, you'll be able to find out whether you're an Ethereum connoisseur or a newbie who still needs to brush up on your Vitalik admiration! From the history of Ethereum to its impact on the cryptocurrency ecosystem, to the nuances of smart contracts and DApps, this quiz covers a diverse range of topics to challenge you. With a series of multiple choice questions, each question gives you a chance to explore a different aspect of Ethereum. So, are you ready to take on the challenge?
Are you ready to dive into the fascinating world of Ethereum and test your knowledge? In this thrilling quiz, you'll be able to find out whether you're an Ethereum connoisseur or a newbie who still needs to brush up on your Vitalik admiration! From the history of Ethereum to its impact on the cryptocurrency ecosystem, to the nuances of smart contracts and DApps, this quiz covers a diverse range of topics to challenge you. With a series of multiple choice questions, each question gives you a chance to explore a different aspect of Ethereum. So, are you ready to take on the challenge?
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Build your blockchain skills with Binance Academy and Coursera
Key Takeaways
Binance Academy announced an agreement with Coursera to collaborate on the development of certified Web3 educational programs.
Programs will cover a wide range of Web3 and blockchain topics, suitable for foundational and professional certifications.
The partnership between Coursera and Binance Academy will help bridge the knowledge gap between blockchain technology and today's workforce.
By collaborating with one of the world's largest learning platforms, Binance Academy further extends the reach of its educational initiatives.
Binance Academy announced an agreement with Coursera to collaborate on the development of certified Web3 educational programs.
Programs will cover a wide range of Web3 and blockchain topics, suitable for foundational and professional certifications.
The partnership between Coursera and Binance Academy will help bridge the knowledge gap between blockchain technology and today's workforce.
By collaborating with one of the world's largest learning platforms, Binance Academy further extends the reach of its educational initiatives.
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How to protect your cryptos from phishing emails?
Key takeaways
Derived from the English verb "to fish", phishing is a type of cyberattack where scammers "go fishing" for sensitive personal information by pretending to be an individual or a reputable company you trust.
The most common phishing tactics include impersonation, using harsh or threatening language, and sending dangerous links.
Derived from the English verb "to fish", phishing is a type of cyberattack where scammers "go fishing" for sensitive personal information by pretending to be an individual or a reputable company you trust.
The most common phishing tactics include impersonation, using harsh or threatening language, and sending dangerous links.
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DeFi protocols reduce hack losses by 58% in Q2 2023
Certik reported that DeFi protocols' losses due to hacks and cybersecurity breaches showed a significant decrease of 58% in the second quarter of 2023. This exciting development highlights that the defi industry's security and technical defenses are continually improving their efficiency. Compared to the first quarter, the decline represents a slight decline from the $330 million figure, boosting investor confidence and demonstrating the robustness of the industry. Focus on Q2 2023 Security Breaches During Q2, 212 security incidents recorded an average loss of $1.5 million. April and June were particularly lucrative for illicit gambling, recording more than 70 incidents and more than $100 million in losses. Comparatively, May had the fewest exploits, counting just 63, with losses capped at $74.6 million. Exit Scams Not Remaining a Serious Threat Alarmingly, exit scams, also known as rug pulling, were the most common security incidents during the quarter. It saw a significant increase in bad actors exploiting 98 projects to steal a whopping $70.35 million, double the first quarter figure ($31 million). Notorious cases include Morgan DF Fintoch, which recorded losses of more than $30 million, as well as Ordinals Finance and Chibi Finance, each absconding with around $1 million. The Rise of Bad Actors on the BNB Chain Coinciding with its growing popularity, crypto projects on the BNB chain have become a prime target for exploits. The CertiK report noted 119 incidents involving the network, resulting in losses of $70.7 million. In comparison, Ethereum (ETH) saw 55 breaches, resulting in a loss of $66 million.Exploits via Flash Loans and Oracle Manipulation Flash loans/oracle manipulation accounted for 54 incidents with $23.7 million stolen, while other forms of security breaches resulted in an alarming loss of 219 .5 million dollars. Most of this loss would be attributed to the largest exploit of the quarter, the $100 million hack of Atomic Wallet.
Ultimate Guide to Buying PEPE, SHIB and Other Meme Coins
Source: Unsplash Although meme coins are an exciting asset class to generate profits, there are risks involved in investing in meme coins. Read the blog to understand how to buy meme coins safely. Meme coins are a type of cryptocurrency that are based on a popular internet meme. They are often created as a joke or for fun, but they can also be quite lucrative for investors. In this blog post, we will discuss what meme coins are, why they are so popular, how to buy them safely, and some tips for investing in meme coins. We will also discuss the future of this emerging asset class. What Is a Meme Coin? A meme coin is a cryptocurrency that is based on a popular internet meme. Some of the most popular meme coins include Dogecoin, Shiba Inu, and Floki Inu. Meme coins are often created as a joke or for fun, but they can also be quite lucrative for investors. For example, Dogecoin was created as a joke in 2013, but it has since become one of the most popular cryptocurrencies in the world. Why Are Meme Coins So Popular? There are a few reasons why meme coins are so popular. First, they are often very affordable, which makes them attractive to new investors. Second, they are often very volatile, which means that they can experience large swings in price in a short period of time. This can be attractive to investors who are looking to make quick profits. Top Meme Coins by Market Capitalization The most popular meme coins as per market capitalization as listed by Binance include: Dogecoin (DOGE) Shiba Inu (SHIB) Pepe (PEPE) Floki Inu (FLOKI) Baby DogeCoin (BABYDOGE) Dogelon Mars (ELON) SafeMoon (SAFEMOON) Hoge Finance (HOGE) Kishu Inu (KISHU) Factors That Can Affect The Price Of Meme Coins The price of meme coins can be affected by a number of factors, including: The popularity of the meme: The more popular the meme, the more likely people are to buy the meme coin. The number of people who are buying and selling the meme coin: The more people who are buying and selling the meme coin, the more volatile the price will be. The news cycle: If there is positive news about the meme coin, the price is likely to go up. If there is negative news about the meme coin, the price is likely to go down. Pump-and-dump schemes: Pump-and-dump schemes are when a group of investors artificially inflate the price of a meme coin, and then sell their coins at a profit. This can leave other investors holding the bag, and can result in significant losses. The Dangers Of Pump-And-Dump Schemes Pump-and-dump schemes are a common risk associated with meme coins. These schemes can be very lucrative for the organizers, but they can be devastating for investors who are caught up in them. If you are considering investing in a meme coin, it is important to be aware of the risks of pump-and-dump schemes. You should only invest what you can afford to lose, and you should be prepared to sell your coins if the price starts to drop. Regulatory Landscape For Meme Coins The regulatory landscape for meme coins is still evolving. Some countries, such as China, have banned meme coins altogether. Other countries, such as the United States, are still considering how to regulate meme coins. It is important to be aware of the regulatory landscape for meme coins before you invest. You should also be aware of the risks associated with investing in meme coins, as they are a very risky asset class. Final Thoughts Meme coins are a new and exciting asset class, but they are also very risky. If you are considering investing in meme coins, be sure to do your research and understand the risks involved. #pepe #memecoins
if signals giver is real than why dont they earn by own ! why they run vips ??? i earn 4k - 10k daily not running any vip is i am good person even giving calls in tg ?? $PEPE $LTC $DOGE
LIVEBlockMap
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Bullish
if signals giver is real than why dont they earn by own ! why they run vips ???
i earn 4k - 10k daily not running any vip is i am good person even giving calls in tg ??
$PEPE $LTC $DOGE
i earn 4k - 10k daily not running any vip is i am good person even giving calls in tg ??
$PEPE $LTC $DOGE
See original
Forever CR7: the “GOAT” NFT collection
2023-06-30
Key takeaways
Cristiano Ronaldo, the all-time leading scorer, launches his second exclusive NFT collection on July 3, 2023 on Binance NFT.
This collection named ForeverCR7: The GOAT pays tribute to the 838 goals scored by Ronaldo to date and offers collectors more than 20 models divided into four levels of rarity.
Holders of these NFTs will own a small piece of football history, but also various rewards ranging from autographed items to a training session with the athlete himself!
2023-06-30
Key takeaways
Cristiano Ronaldo, the all-time leading scorer, launches his second exclusive NFT collection on July 3, 2023 on Binance NFT.
This collection named ForeverCR7: The GOAT pays tribute to the 838 goals scored by Ronaldo to date and offers collectors more than 20 models divided into four levels of rarity.
Holders of these NFTs will own a small piece of football history, but also various rewards ranging from autographed items to a training session with the athlete himself!
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Quiz: Ethereum, test your knowledge of ETH and find out if you are the hidden son of CZ.
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Binance Blog
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Quiz: Ethereum, test your knowledge of ETH and find out if you are the hidden son of CZ.
Summary: Are you ready to dive into the fascinating world of Ethereum and test your knowledge? In this thrilling quiz, you'll be able to find out whether you're an Ethereum connoisseur or a newbie who still needs to brush up on your Vitalik admiration! From the history of Ethereum to its impact on the cryptocurrency ecosystem, to the nuances of smart contracts and DApps, this quiz covers a diverse range of topics to challenge you. With a series of multiple choice questions, each question gives you a chance to explore a different aspect of Ethereum. So, are you ready to take on the challenge? Introduction: Welcome to our Ethereum quiz, designed especially for you by the Binance team! A lifelong crypto enthusiast or a curious beginner, this quiz is a great opportunity to test your knowledge and learn more about this fascinating technology.Ethereum, is the second largest cryptocurrency by capitalization, and introduced concepts revolutionaries such as smart contracts and decentralized applications. These innovations have opened up a world of opportunities in decentralized finance, online gaming, digital art and much more. In this quiz, we will explore different facets of Ethereum, from its history and technology to its repercussions on the cryptocurrency ecosystem. You will find a series of multiple choice questions, with four options for each question. So, are you ready for the challenge? Are you the hidden son of CZ, the famous founder of Binance? Or that of Vitalik, the founder of ETH? There's only one way to find out. Get ready, and may the best win.QUIZ 1- Who is the founder of Ethereum?A. Vitalik Buterin B. Changpeng Zhao C. Satoshi Nakamoto D. Elon Musk2- What is the main innovation of Ethereum compared to Bitcoin?A. More transactions per secondB. Smart contractsC. Better securityD. Greater capitalization 3- What is the unit of gas on Ethereum?A. EtherB. The GweiC. The SatoshiD. The Wei4- What is Ethereum 2.0?A. A new blockchainB. An update to the EthereumC network. A new tokenD. A new cryptocurrency5- What is the symbol for Ether on Binance?A. BTCB. ETHC. NBBD. ETC6- What is staking on Ethereum 2.0?A. A way to mine EtherB. A process for voting on proposals for changeC. A way to earn interest on your EtherD. A way to borrow Ether7- What technology makes it possible to issue tokens on Ethereum?A. Lightning NetworkB. RippleNetC. ERC-20D. Tangle8- What is a DApp?A. A decentralized applicationB. A development applicationC. A type of token on EthereumD. A cryptocurrency wallet9- What is DeFi?A. A type of cryptocurrencyB. A payment protocolC. Decentralized financeD. A type of blockchain10- What is a smart contract?A. A digital legal contractB. A contract that executes automaticallyC. A type of cryptocurrencyD. A cryptocurrency wallet11- What is the process of validating transactions on Ethereum 2.0 called?A. Proof of work (PoW)B. Proof of Stake (PoS)C. Proof of Authority (PoA)D. Proof of Capacity (PoC) 12- What is a DAO on Ethereum?A. A cryptocurrencyB. A type of smart contractC. An autonomous decentralized organizationD. A type of wallet 13- What is the main use of Ether?A. As currency for daily transactionsB. As a store of valueC. As gas for operations on EthereumD. As a reward for mining Bitcoin 14- What is the main difference between Ethereum and Ethereum Classic?A. Ethereum is a newer versionB. Ethereum uses PoS, Ethereum Classic uses PoWC. Ethereum has better securityD. Ethereum has a larger capitalization 15- What is the goal of the Ethereum project?A. Create a new digital currencyB. Become the main competitor of BitcoinC. Building a decentralized platform for applicationsD. Allow users to mine more cryptocurrencies16- What is a “gas fee” on Ethereum?A. A tax on EtherB transactions. A reward for minersC. A cost to carry out transactions or execute smart contractsD. A way to buy more Ether17- What is the main use of ERC-20 tokens?A. As currency for daily transactionsB. To create cryptocurrencies on the EthereumC platform. To mine EtherD. To pay transaction fees on Ethereum18- Who is CZ?A. The founder of EthereumB. The founder of BinanceC. The founder of BitcoinD. The founder of Ripple19- Which cryptocurrency is native to Binance?A. BitcoinB. EtherC. Binance CoinD. Ripple 20- What is “Sharding” on Ethereum 2.0?A. A mining methodB. A technique to increase the number of transactions the network can processC. A new type of smart contractD. A way of dividing cryptocurrenciesAnswer and explanation of the Quiz: 1- Who is the founder of Ethereum?Answer: A. Vitalik Buterin. Vitalik Buterin is the co-founder of Ethereum, an open-source blockchain platform that enables the creation of smart contracts. V. Buterin proposed Ethereum in 2013 and the network was launched in 2015. 2- What is the main innovation of Ethereum compared to Bitcoin? Answer: B. Smart contracts. Ethereum introduced the concept of smart contracts, which are computer programs that run automatically when certain predefined conditions are met. 3- What is the unit of gas on Ethereum? Answer: B. Gwei. Gas is used to measure the cost of executing operations on the Ethereum network. A Gwei is a subunit of Ether used to quantify gas. 4- What is Ethereum 2.0?D. A new cryptocurrencyAnswer: B. An update to the Ethereum network. Ethereum 2.0 is a series of updates planned to improve the performance, security and sustainability of the Ethereum network. 5- What is the symbol for Ether on Binance? Answer: B. ETH. On Binance, Ether is represented by the symbol ETH. Binance is one of the largest cryptocurrency exchange platforms in the world. Not to be confused with ETC which is Ethereum Classic, also available on Binance, but whose token value is much lower compared to ETH. 6- What is staking on Ethereum 2.0? Answer: C. A way to earn interest on your Ether. Staking on Ethereum 2.0 allows Ether holders to earn rewards by participating in securing the network. 7- What technology makes it possible to issue tokens on Ethereum? Answer: C. ERC-20. ERC-20 is a technical standard for tokens on Ethereum. It defines a set of rules that all tokens on Ethereum must follow. 8- What is a DApp? Answer: A. A decentralized application. DApp means “decentralized application” in French. These applications run on a blockchain like Ethereum, instead of centralized servers. 9- What is DeFi? Answer: C. Decentralized finance. DeFi, or decentralized finance, is a movement that uses decentralized blockchains, smart contracts and cryptocurrencies to recreate and improve existing financial systems. 10- What is a smart contract? Answer: B. A contract that executes automatically. A smart contract is a program that automatically runs on the blockchain when certain conditions are met. They are a key innovation of Ethereum. 11- What is the process of validating transactions on Ethereum 2 called.0 ?Answer: B. Proof of Stake (PoS). Ethereum 2.0 plans to move from a proof-of-work (PoW) system to a proof-of-stake (PoS) system, which is more energy efficient. 12- What is a DAO on Ethereum? Answer: C. An autonomous decentralized organization. DAO stands for “Decentralized Autonomous Organization”. It is an organization that is managed by smart contracts on the blockchain, without a central intermediary. 13- What is the main use of Ether? Answer: C. As gas for operations on Ethereum. Ether is used as gas to pay for transaction fees and computing services on the Ethereum network. 14- What is the main difference between Ethereum and Ethereum Classic? Answer: B. Ethereum uses PoS, Ethereum Classic uses PoW. Ethereum and Ethereum Classic are two separate blockchains that diverged after a disagreement over how to handle a hack in 2016. 15- What is the goal of the Ethereum project? Answer: C. To build a decentralized platform for applications. Ethereum aims to create a platform for the execution of smart contracts, facilitating the creation of decentralized applications (DApps). 16- What is a “gas fee” on Ethereum? Answer: C. A cost to carry out transactions or execute smart contracts. “Gas fees” are fees paid in Ether to carry out transactions and execute smart contracts on the Ethereum network. 17- What is the main use of ERC-20 tokens? Answer: B. To create cryptocurrencies on the Ethereum platform. ERC-20 tokens are primarily used to issue new tokens on the Ethereum network, often as part of decentralized finance (DeFi) projects. 18- Who is CZ? Answer: B. The founder of Binance. CZ, or Changpeng Zhao, is the founder and CEO of Binance, one of the largest cryptocurrency exchanges in the world.19- Which cryptocurrency is native to Binance? Answer: C. Binance Coin. Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. It is used to pay transaction fees on the platform and to participate in new token offerings. 20- What is “Sharding” on Ethereum 2.0? Answer: B. A technique to increase the number of transactions the network can process. Sharding is a scaling solution that divides the Ethereum network into multiple parts, called “shards,” with each shard capable of processing its own transactions and smart contracts.Conclusion: Congratulations! You have completed our Ethereum quiz. Whatever your score, we hope you learned lots of new things and enriched your understanding of the fascinating world of blockchain and cryptocurrency.Ethereum, as the second largest cryptocurrency by capitalization and a platform for many applications decentralized, has a major role to play in the cryptocurrency ecosystem. Whether you answered all the questions correctly or encountered a few obstacles along the way, the important thing is to continue to educate yourself and explore this ever-evolving field. Blockchain and cryptocurrencies like Ethereum are more than 'a simple technology or investment asset. They represent a new way of thinking about value transfer, digital identity, ownership and much more. They have the potential to transform our economy and society in ways as profound as the internet itself. Remember that learning is a lifelong process. The cryptocurrency ecosystem is evolving at a rapid pace, with new technologies, new players and new challenges constantly emerging. Continue to educate yourself, stay curious and open to learning.And above all, remember: even though you may not be the hidden son of CZ or Vitalik, every journey begins with a first step. So where will yours take you in the world of cryptocurrencies? Did you enjoy this article? Follow our latest articles on our social networks:Telegram: https://t.me/BinanceFrenchTwitter: https://twitter.com/LeBinanceFRFacebook: https://www.facebook.com/BinanceFranceInstagram: https://www.instagram .com/binancefrenchRisk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may fall as well as rise, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may incur. Past performance is not a reliable indicator of future performance. You should only invest in products that you are familiar with and whose risks you understand. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial advisor before making any investment. This does not constitute investment advice, nor an inducement or recommendation to trade in any digital asset. For more information, see our Terms of Use and Risk Warning.
TOP 15 COINS THAT WILL MAKE YOU RICH IN 2024.
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TOP 15 COINS THAT WILL MAKE YOU RICH IN 2024.
With the right research, you can make decisions on the coins that can lead to explosive profits in the expected 2024 bullrun.
Bitcoin could do more than double, to about $100,000 per coin during the next Bull Run.
Also there are many alt coins expected to rise exponentially by 2024. These cryptocurrencies have a strong use case and solid fundamentals that make them attractive investments.
BELOW ARE THE TOP 15 COINS I think this coin make you rich 2024
1. Bitcoin
2. Ethereum
3. Matic
4. Cardano
5. Shiba
6. BNB
7. Babies
8. Solana
9. Doge
10. RDNT
11. ID
12. LTC
13. Agix
14. Gala
15. Lina
Also share your opinion about that..
Comment below your answer.
Thanks
With the right research, you can make decisions on the coins that can lead to explosive profits in the expected 2024 bullrun.
Bitcoin could do more than double, to about $100,000 per coin during the next Bull Run.
Also there are many alt coins expected to rise exponentially by 2024. These cryptocurrencies have a strong use case and solid fundamentals that make them attractive investments.
BELOW ARE THE TOP 15 COINS I think this coin make you rich 2024
1. Bitcoin
2. Ethereum
3. Matic
4. Cardano
5. Shiba
6. BNB
7. Babies
8. Solana
9. Doge
10. RDNT
11. ID
12. LTC
13. Agix
14. Gala
15. Lina
Also share your opinion about that..
Comment below your answer.
Thanks
EU Legislation for Digital Euro Is Put on Hold: Source
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EU Legislation for Digital Euro Is Put on Hold: Source
European Union legislation needed to underpin a digital euro, originally due to be published June 28, has been put on hold, CoinDesk has been told.
The move follows the leaking of the draft bill, which covers privacy and technical issues for the central bank digital currency (CBDC), and a statement by finance ministers that appeared to question the motivation for the plan last week.
The timeline for the draft bill, intended to be published ahead of a firm European Central Bank decision on whether to issue the currency in a digital form, has shifted several times. It was at one stage planned for May.
The bill was most recently been scheduled for discussion and publication at a June 28 meeting of the European Commission’s decision-making body, according to a tentative forward agenda published last week. The commission did not provide a reason for the delay, nor did it give a new date for publication.
The plans were also discussed by finance ministers from the euro area at a regular Thursday meeting.
Ministers stressed the “importance of developing a compelling and clear narrative regarding what would be the added value of this development” in terms of a difference to the economy and citizens’ lives, Irish Finance Minister Paschal Donohoe in a statement after he chaired the talks, adding that “within our institutions ministers want to support this work but also look at how we can further develop that narrative.”
The legislative text seen by CoinDesk last week sought to bar banks paying interest on digital euros and merchants charging for using it.
CoinDesk has reached out to the European Commission for comment.
The move follows the leaking of the draft bill, which covers privacy and technical issues for the central bank digital currency (CBDC), and a statement by finance ministers that appeared to question the motivation for the plan last week.
The timeline for the draft bill, intended to be published ahead of a firm European Central Bank decision on whether to issue the currency in a digital form, has shifted several times. It was at one stage planned for May.
The bill was most recently been scheduled for discussion and publication at a June 28 meeting of the European Commission’s decision-making body, according to a tentative forward agenda published last week. The commission did not provide a reason for the delay, nor did it give a new date for publication.
The plans were also discussed by finance ministers from the euro area at a regular Thursday meeting.
Ministers stressed the “importance of developing a compelling and clear narrative regarding what would be the added value of this development” in terms of a difference to the economy and citizens’ lives, Irish Finance Minister Paschal Donohoe in a statement after he chaired the talks, adding that “within our institutions ministers want to support this work but also look at how we can further develop that narrative.”
The legislative text seen by CoinDesk last week sought to bar banks paying interest on digital euros and merchants charging for using it.
CoinDesk has reached out to the European Commission for comment.
Weekly Market Highlights - The sequel to Uniswap and Polygon
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Weekly Market Highlights - The sequel to Uniswap and Polygon
16 June 2023
Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team.
🔎 Macro / TradFi
US inflation eased in May, with the consumer price index (“CPI”) rising by 4% compared to the previous year, the smallest increase since March 2021.
The US Federal Reserve halted consecutive interest rate hikes after 15 months, deciding to examine more data before acting further.
BlackRock, the world's largest asset manager, is preparing to file an application for a spot Bitcoin ETF, namely the iShared Bitcoin Trust.
Bank of China's subsidiary BOCI issued $28M in digital structured notes on Ethereum, becoming the first Chinese institution to tokenize a security in Hong Kong, with support from UBS.
🔎 Crypto
L1/L2:
Polygon has unveiled Polygon 2.0, a network of ZK-powered Layer 2 chains, aiming to enable secure and instant cross-chain interactions and establish the "Value Layer of the Internet”.
Ordinals has introduced recursive inscriptions on Bitcoin, allowing NFTs to reference each other and overcome the 4 MB block size limitation, leading to improved storage efficiency, reduced transaction fees, and potential use cases like 3D video games and an internal internet on Bitcoin.
DeFi:
Uniswap Labs has released the code for Uniswap v4, introducing customizable liquidity pools through the use of "hooks," enabling the development of on-chain limit orders and other innovative features, with the deployment of v4 planned after gathering community feedback.
EigenLayer, a re-staking protocol, is now live on Ethereum, enabling holders of liquid staking tokens to double down for additional yield with an initial limit of 3,200 per asset.
Singapore-based Ribbon Finance announces the launch of Aevo, an options exchange offering Bitcoin and Ethereum derivative products.
Stablecoins:
Tether mints 1 billion USDT on the Ethereum blockchain to support chain swaps, bringing its total supply to over 83 billion tokens.
Thailand has launched a pilot program for a retail central bank digital currency (“CBDC”) in collaboration with two banks and a Singapore-based payment service provider.
Colombia's central bank will pilot Ripple's CBDC Platform, exploring blockchain use cases to enhance payment systems and data management.
NFTs:
Salesforce Ventures spearheaded a US$6 million funding round for Mnemonic, a crypto data platform that provides NFT-related data, and plans to use the funds to expand its API suite.
Others:
Venture capital firm A16z has chosen London for its first international office, aiming to invest in the U.K. and European crypto ecosystem, citing supportive government policies and the U.K.'s potential as a crypto regulation leader.
Alchemy has launched AlchemyAI, an AI tool suite including ChatWeb3 and Alchemy ChatGPT Plugin, aiming to streamline web3 product development and to assist developers with predefined coding resources.
Binance has launched cloud mining services for Bitcoin, enabling users to subscribe and purchase hashrates for mining without owning the equipment.
Connext Labs, a protocol developing cross-blockchain compatibility, raised $7.5M at a $250M valuation with the aim of establishing the Connext Foundation for issuing development grants to Connext-built initiatives.
The Hong Kong Monetary Authority (“HKMA”) is urging major banks HSBC, Standard Chartered, and Bank of China to accept crypto exchanges as clients, as part of its bid to establish Hong Kong as a global crypto hub.
🔎 Latest Binance Research Publications
Check out our latest publications:
Monthly Market Insights - June 2023
The zkEVM World: An Overview of zkSync
Institutional Custody in Crypto
Explore our Binance Research website for more project and macro research reports.
For more frequent market updates and insights, follow us on Twitter @BinanceResearch.
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About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.
General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.
Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team.
🔎 Macro / TradFi
US inflation eased in May, with the consumer price index (“CPI”) rising by 4% compared to the previous year, the smallest increase since March 2021.
The US Federal Reserve halted consecutive interest rate hikes after 15 months, deciding to examine more data before acting further.
BlackRock, the world's largest asset manager, is preparing to file an application for a spot Bitcoin ETF, namely the iShared Bitcoin Trust.
Bank of China's subsidiary BOCI issued $28M in digital structured notes on Ethereum, becoming the first Chinese institution to tokenize a security in Hong Kong, with support from UBS.
🔎 Crypto
L1/L2:
Polygon has unveiled Polygon 2.0, a network of ZK-powered Layer 2 chains, aiming to enable secure and instant cross-chain interactions and establish the "Value Layer of the Internet”.
Ordinals has introduced recursive inscriptions on Bitcoin, allowing NFTs to reference each other and overcome the 4 MB block size limitation, leading to improved storage efficiency, reduced transaction fees, and potential use cases like 3D video games and an internal internet on Bitcoin.
DeFi:
Uniswap Labs has released the code for Uniswap v4, introducing customizable liquidity pools through the use of "hooks," enabling the development of on-chain limit orders and other innovative features, with the deployment of v4 planned after gathering community feedback.
EigenLayer, a re-staking protocol, is now live on Ethereum, enabling holders of liquid staking tokens to double down for additional yield with an initial limit of 3,200 per asset.
Singapore-based Ribbon Finance announces the launch of Aevo, an options exchange offering Bitcoin and Ethereum derivative products.
Stablecoins:
Tether mints 1 billion USDT on the Ethereum blockchain to support chain swaps, bringing its total supply to over 83 billion tokens.
Thailand has launched a pilot program for a retail central bank digital currency (“CBDC”) in collaboration with two banks and a Singapore-based payment service provider.
Colombia's central bank will pilot Ripple's CBDC Platform, exploring blockchain use cases to enhance payment systems and data management.
NFTs:
Salesforce Ventures spearheaded a US$6 million funding round for Mnemonic, a crypto data platform that provides NFT-related data, and plans to use the funds to expand its API suite.
Others:
Venture capital firm A16z has chosen London for its first international office, aiming to invest in the U.K. and European crypto ecosystem, citing supportive government policies and the U.K.'s potential as a crypto regulation leader.
Alchemy has launched AlchemyAI, an AI tool suite including ChatWeb3 and Alchemy ChatGPT Plugin, aiming to streamline web3 product development and to assist developers with predefined coding resources.
Binance has launched cloud mining services for Bitcoin, enabling users to subscribe and purchase hashrates for mining without owning the equipment.
Connext Labs, a protocol developing cross-blockchain compatibility, raised $7.5M at a $250M valuation with the aim of establishing the Connext Foundation for issuing development grants to Connext-built initiatives.
The Hong Kong Monetary Authority (“HKMA”) is urging major banks HSBC, Standard Chartered, and Bank of China to accept crypto exchanges as clients, as part of its bid to establish Hong Kong as a global crypto hub.
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About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.
General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.
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