The truth is that most cryptocurrencies are useless. Besides $BTC , there are only a few ones which really do have a solid use case. But chasing memecoins from Twitter gurus, will just result in your pockets being sucked for liquidity, and then quickly rugpulled. If you think you have found the next 100x memecoin, then share it in the comments. I would love to hear about it.
LINK, APT, AAVE Lead Altcoin Surge as Bitcoin Tests $30K
In a weekend filled with crypto action, Bitcoin's value climbed past $30,000. Meanwhile, altcoins like LINK, APT, and AAVE delivered outstanding double-digit gains.Bitcoin's Journey:Bitcoin experienced a rollercoaster ride due to false news regarding a US SEC-approved Bitcoin ETF. The price initially surged by $2,000, then quickly corrected. However, Bitcoin regained its footing and broke the $30,000 barrier, reaching a new multi-month high of $30,400.Altcoins Soar:Altcoins, including Ethereum, Binance Coin, and others, recorded modest gains of up to 2%. But it was LINK, APT, and AAVE that stole the show. LINK skyrocketed by 18%, APT by 14.5%, and AAVE by 14%, contributing to a daily increase of around $20 billion in the total market capitalization, which now stands at $1.140 trillion.In summary, Bitcoin's journey towards $30,000 and the remarkable performances of LINK, APT, and AAVE were the highlights of the weekend's crypto market action. Stay tuned for more updates in this dynamic space.#BTC #LINK #APT #AAVE $BTC $ETH
YouTube:1. Income Potential: MrBeast laughing all the way to the bank while the McDonald's wagie wonders if they can make millions flipping burgers.2. Established Platform: YouTube, where MrBeast is the king of content, has more viewers than the entire McDonald's drive-thru queue combined!3. Diverse Content: MrBeast can go from giving away money to saving sea turtles, while our wagie is stuck flipping one type of patty.Cryptocurrency:1. Financial Opportunity: Cryptocurrencies offering lambo dreams and moon trips, making the McDonald's wagie question their choice of paycheck.2. Decentralization: Cryptocurrencies are like that rebel without a cause, saying, "I don't need no banks, I do my own thing!"3. Investment Diversity: Investors can add crypto to their portfolios, just in case they're tired of traditional stocks. Our wagie's diversified portfolio? Fries, burgers, and the occasional apple pie.So, MrBeast is out there making it rain while the wagie contemplates if crypto is the golden ticket to escape the fryer!$BTC
Sam Bankman-Fried's Alleged Misuse of Customer Funds at Alameda Research | HUGE NEWS
During the trial of ex-FTX CEO Sam Bankman-Fried, the former FTX CTO, Gary Wang, testified about the connection between the crypto exchange and Alameda Research.Wang revealed that Bankman-Fried allowed Alameda Research to trade more funds than they had available by authorizing an "allow negative" feature. This feature gave Alameda Research special privileges on FTX, allowing them to hold a negative balance exceeding FTX's revenue.Wang stated that he increased Alameda's line of credit to $65 billion on Bankman-Fried's instructions, and this money came from FTX's customers' funds. Bankman-Fried claimed the "allow negative" feature was related to FTT, FTX's native cryptocurrency.Notably, customers never authorized the use of their funds by Alameda Research, according to Wang.Wang also confirmed that Bankman-Fried had made public statements about Alameda's activities on FTX, including a tweet in 2019. Interestingly, the "allow negative" feature was added to the exchange's codebase on the same day as that tweet.Bankman-Fried allegedly made multiple false claims about the safety of customer funds, both on social media and in phone calls.It's worth noting that Gary Wang admitted to fraud-related crimes during his time at FTX alongside Bankman-Fried and other executives. The trial is set to continue until November, with more former FTX and Alameda executives expected to testify.#ftx #SBF #SEC