Gold vs. bitcoin: which is better for storage?

Meanwhile, #bitcoin supply is dwindling and gold risks becoming oversupplied in the coming years; after the April 20 "halving" event, #BTC shortages will become even more pronounced in the coming years.
Since its launch, the bitcoin network has cut its daily #issuance to miners in half. In its fifth phase, the network issues 3.125 BTC to successful miners or #mining pools every 10 minutes. This figure is 50% lower than in the fourth period, when the reward was 6.25 BTC per block.
Gold and bitcoin are generally considered safe assets. However, over the last century, gold has become the preferred store of value for banks and countries due to its scarcity. Almost every central bank in the world keeps gold as a reserve.
However, Mr. Wu believes that gold holders will face a difficult situation in the coming years as new supplies flood the market due to technological advances that have increased the pace of production.
Mr. Wu is a supporter of bitcoin. Bitcoin is a digital asset that is considered digital gold due to its predetermined and transparent issuance schedule. According to Mr. Wu, traditional gold investors are unaware that the yellow metal is a "slow-moving carpet" that will rise over the next decade.
Is BTC ready for a sharp rise?
In another post on the site, X Wu argues that the bitcoin price ratio suggests that the coin is poised for a mega-reversal: despite bitcoin soaring to $73,800 in March 2024, the rally hasn't even started yet, the analyst continues.
The jump in the value of the coin beyond the previous all-time high of $70,000 was an aberration from past performance.
However, history shows that even if prices continue to rise further in the current period, new all-time highs will be reached according to Wu's predictions.

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#TokenEconomy

The Solana price outlook has become a hotly debated topic with SOL breaking the $100 mark and the latest data showing a trading price of $109.56. This modest increase of nearly 15% overnight underscores the growing interest and confidence in Solana, which currently holds the fifth highest market valuation. With an impressive market capitalization of $47.9 billion and 437 million SOL coins in circulation, Solana's trajectory looks set for continued growth.

Enthusiasts and investors are keeping a close eye on the sector, and the possibility of #SOL reaching the $1,000 mark has been the subject of intense speculation and analysis.

In contrast to the optimistic outlook for #Solana, it is worth noting the emergence of Smog as a potential alternative, offering an attractive prospect for those diversifying their #cryptocurrency portfolios.

On the four-hour chart, the pivot point is at $107.14; Solana's immediate resistance is at $110.83, with potential barriers at $114.74 and $BTC
Lower support is at $102.36 and further support is at $98.67 and $BTC
The Relative Strength Index (RSI) is at a healthy 66 and has not yet reached the overbought threshold.

The 50-day exponential moving average (EMA) is at $100.54, confirming that the current price trend is above this moving average, indicating a sustained bullish sentiment.

The chart shows the formation of an ascending channel, which traditionally supports a buying bias, especially if the solan consolidates around the $107.14 level.

A break above $110.83 would further strengthen this trend and could lead to the next resistance at $BTC
In conclusion, the technical outlook for solan is bullish, especially if the price holds above the support zone at the $107.14 level.

If Solana breaks recent resistance, there is an opportunity to accelerate to higher levels, confirming the current buy trend.

SMOG Talknomics will set the stage for what is being called the most impressive etherium #issuance in history, distributed independently on the Solana blockchain. With 50% of the reserves earmarked for marketing initiatives and 35% to reward the community with an unprecedented issuance, $SMOG is generating tangible excitement.

To become a $SMOG partner

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#Crypto2024

In this post. MicroStrategy plans to raise $700 million in convertible bonds.

Bitcoin bulls recently bought $1.1 billion worth of #bitcoin .
In the last 90 days, the #BTC exchange rate has fallen 11%.
#MicroStrategy plans to raise $700 million through the private sale of convertible senior notes due 2028 to qualified institutional investors. The company plans to use the proceeds to redeem $500 million in secured senior notes at 6.125% and purchase bitcoin (BTC).
Bitcoin Bull may also receive an option to purchase an additional $105 million within 13 days of the #issuance of the notes. However, this offer is subject to market and other conditions. The bonds may be redeemable for cash on or after December 20, 2027 under certain conditions.
The bonds are senior unsecured obligations of MSTR, with interest payable semi-annually on March 15 and September 15 of each year, according to MicroStrategy. Payments will begin on March 15, 2025. The notes will mature in September 2028 unless converted, redeemed or prepaid in accordance with their terms.
MicroStrategy may redeem the notes for cash beginning December 20, 2027. If the notes are not redeemed in full, at least $75 million in aggregate principal amount must remain outstanding. Holders of the notes have the right to require MicroStrategy to redeem the notes for cash on September 15, 2027. These notes may be convertible into cash, Class A shares or a combination of both.
the Company intends to redeem the entire principal amount of its existing $500 million aggregate principal amount of 6.125% senior secured notes due 2028. The redemption is scheduled for September 26, 2024 and will be priced at 103.063% of the principal amount, after adding approximately $523.8 million of accrued interest.
The proceeds from the new offering will be used to redeem the senior secured notes.

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#transscreen.ru

According to Cipollone, more than 60% of banks in the European Union are studying and experimenting with distributed ledger technology (DLT) and another 22% are already using it. However, while DLT makes it possible to achieve financial integration, it does not guarantee it, Cipollone said at a symposium organized by the German central bank. On the contrary.

Non-interoperable technology ecosystems in each country, shaped by different national regulatory regimes, create isolated pools of asset liquidity, further increasing fragmentation; DLTs are currently used mainly for asset #issuance , but expanding their use to negotiation, settlement and storage on a single platform This would reduce costs and enable 24/7 operations. It is not only investors who will benefit from the increased use of DLTs:
Our primary goal in this changing landscape is to ensure that central bank funds, the safest and most liquid settlement asset, remain the cornerstone of stability in the tokenized DLT-backed capital market.
A single #ledger is one in which cash and assets are held on a single platform. The concept has been endorsed by the Bank for International Settlements and central banks and has attracted the attention of many organizations, including SWIFT and JPMorgan. However, it may not be a panacea.
While European e-books will promote financial stability and integration, they also risk stifling innovation, especially in narrow application areas. For traditional finance, Cipollone says, it is better to utilize the flexibility offered by competing DLT platforms.
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#TrendingTopic #TokenEconomy #MarketInsights

Since these investors are not known to sell, any new supply they accumulate could also become illiquid in the future. Therefore, buying from these HODLs in particular could be a bullish sign, as it indicates that the supply of the asset in the market is potentially shrinking.

In the chart, demand from these HODLs is measured by the overall growth in their balance sheets. As you can see, accumulation addresses significantly increased purchases in 2020 and maintain this level of growth over the next few years.
Mr. Moreno also attached data on the "minor issuance" of #bitcoin to this graph. This metric tracks the total number of bitcoins mined online by miners.
Miners "mine" #BTC when blocks are resolved and are rewarded for each block. This reward is issued in BTC and is the only way to increase #cryptocurrency trading volume.
As you can see from the chart, the level of #issuance has remained almost constant for several years. During this chain of events, its value suddenly decreases. The reason for this, of course, is halving.
Halving is an event that occurs periodically on the Bitcoin network where the reward per block is permanently halved. This event occurs about once every four years, and the next one is scheduled for about 10 days later.
As you can see in the graph, demand from #mining addresses has been quite high since 2020, but has never exceeded miner issuance.
See also In Numbers: how will the cost of bitcoin mining change after the halving?
Recently, however, there has been explosive growth in the number of stored addresses, and this metric not only remains above network issuance, but far exceeds it.
This means that these HODLers are buying far more than miners have mined from the network. " The head of CryptoQuant notes that this is of course only a fraction of the overall demand on the network, as there are other buyers, and how strong the demand for BTC has been recently. He notes that this is a testament to how strong the demand for BTC has been recently.

At the time of writing, bitcoin was trading at around $68,400, up more than 4% over the past week.

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Libre launched on the Solana network: Libre, a Web3 protocol from WebN Group and Laser Digital by Nomura, has been launched on the Solana network. It connects real-world assets (RWAs) to the public blockchain to facilitate fund issuance and distribution.

Hamilton Lane's SCOPE Fund: Hamilton Lane's Senior Credit Options Fund (SCOPE) is now available on Libre, providing new investment opportunities for #Solana users SCOPE offers consistent performance and cash income, rapid capital deployment and monthly liquidity.
Key Perspectives: Executives from Libre, Hamilton Lane and the Solana Fund emphasize the importance of this launch. They highlight the benefits of Solana's speed and security in democratizing access to quality financial products.
Libre, the groundbreaking #BTC protocol developed by a joint venture between WebN Group and Laser Digital Nomura, has been officially launched on the Solana network. This innovative protocol facilitates the #issuance and distribution of funds, bridging the gap between real-world assets (RWAs) and users on the public #blockchain .
Libre will be made available on Libre by Hamilton Lane, one of the world's leading private market investment managers, offering new investment opportunities for Solana users.
Libre acts as a backbone connecting RWAs such as private markets, alternative assets and money market funds to individuals on the public blockchain.
Libre Gateway DeFi dApps will be deployed on every public blockchain, allowing accredited investors, professionals and institutional investors on networks such as Solana to directly access senior funds in a fully interoperable manner. These services include secondary transactions and secured financing.
HL SCOPE Access Fund offers Solana users the opportunity to access SCOPE, a senior private credit evergreen fund designed to deliver superior performance in all market conditions.
Dr. Avtar Sila, CEO and Founder of Libre, highlighted the importance of launching the Libre Gateway on Solana.

In addition, cryptocurrency funds such as Laser Digital's Market Neutral Fund are available.

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#BlockchainFuture

Sui Network has rejected "misleading" reports that its token offering is disadvantageous to retail investors.

In a post published on social network X, #Sui Network said that third-party custodians have secured the locked SUI tokens and that they cannot be moved until they are unlocked in accordance with the project's #token release schedule.
#Sui Network also clarified that Mysten Labs, the developer of the project, is not involved with Sui Foundation's financial resources, community reserve funds, equity grants or other tokens allocated to investors.
Sui Foundation is the largest holder of blocked tokens, and the unlocking of tokens is in accordance with the public #issuance schedule. These tokens will be used to support developers, develop the Move programming language, improve network security and grow the ecosystem through initiatives such as developer grants, hackathons, bug fixes and academic research.
Bid rewards are already in circulation as they consist of bid grants and network fees. In addition, 100% of the stakes rewards earned by the SUI Foundation will be returned to the community and included in the public issue schedule.
As of this writing, SUI has a maximum offering of 10 billion and a revolving supply of 2.33 billion; according to TokenUnlocks, the revolving supply is expected to increase to approximately 3.6 billion over the next year.
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Most cryptocurrency tokens have a permanent distribution, including tokens blocked under transfer agreements or pre-approved marketing strategies. Trading these cryptocurrencies during the period of unlocked tokens can be prevented with a solid risk management plan.

It is common for traders to overlook aspects of cliff allocation and unlocking, which can be a costly mistake during a planned sell-off.
In particular, the #issuance of inheritance contracts often involves a strategic sell-off within days or weeks of unlocking. The same is true for publicly offered funds and marketing funds, which can mean a corresponding liquidation or temporary selling pressure.
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#MarketInsights #CryptoMarketTrends #BlockchainFuture #CryptoAdoption

Leading Democrat Maxine Waters and Republican Patrick McHenry, chairman of the House Financial Services Committee, are working on legislation that would create a regulatory framework for stable coins beginning in 2022.

In a hearing before the House Financial Services Committee on Tuesday, Waters said she believes lawmakers will be able to come to an agreement.
Maxine Waters, the top Democrat on the House Financial Services Committee, said she wants to "strike a grand bargain on stable coins" by the end of the year, a move that could end a two-year debate in Washington over passing a stable coin bill. Waters and Republican Patrick McHenry, who chairs the committee, are working on a bill that would create a regulatory framework for stable coins beginning in 2022. That bill was introduced last year by the Republican-led committee but failed to gain support. At the time, Waters called the bill "deeply problematic" because of a provision that would allow state regulators to approve the #issuance of stable coins without Federal Reserve involvement.
Mr. Waters said at a House Financial Services Committee hearing Tuesday that he believes lawmakers will be able to agree on legislation that provides
'strong consumer protections and
I hope that by the end of this year we will have a major piece of legislation that expires, including on stable coins, and we've been trying for hours to reach an agreement since 2022, and we've made concessions every time.
said Waters.'Some way to create a stable coin,'But, as in other countries, the Federal Reserve will'play a dominant role. ' For stablecoin to be 'truly stable,' it needs to be backed by reliable reserves, such as short-term Treasury bills, Waters added. Start your day with the most influential events and analysis happening in the digital asset ecosystem.
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#MarketInsights #CryptoUpdates #CryptoAdoption #InvestSmart

MicroStrategy continues to chase bitcoin. The company has set new goals for itself.

#MicroStrategy recently formed an initiative to strengthen its #bitcoin mission.MicroStrategy, a U. S. technology company and the world's largest public holder of bitcoin (BTC), has been relentlessly buying shares all year; since creating its bitcoin portfolio in August 2020, MicroStrategy has taken the opportunity to expand its holdings. The company is known for rarely missing an opportunity and constantly coming up with innovative approaches to acquiring crypto giants.Even with a billion-dollar portfolio ready to go, the company has no intention of slowing down.the recently released MicroStrategy financial results for Q2 2024 revealed the company's bitcoin strategy, both its achievements to date and future ambitions. According to the documents, the company owns 226,500 #BTC , which is worth about $15 billion at current exchange rates.The total number of bitcoins purchased in the second quarter was 12,222, including 11,900 BTC announced in early June. The total value of BTC purchases in the second quarter was US$805.2 million and the average price per BTC unit was US$BTC Andrew Kang, MicroStrategy's CFO, emphasized that these purchases were supported by recent successful capital raises.During the second quarter, we successfully raised an additional $800 million through the #issuance of 2.25% convertible senior notes due 2032 and announced the repurchase of $650 million of convertible senior notes due 2025. Since the beginning of the second quarter, we have increased our bitcoin holdings, adding 12,222 bitcoins through proceeds from capital market activities and free funds, B-he said.Looking ahead, Mr. Kang confirmed that the company is planning further expansion:"We are actively managing our equity capital and preparing to launch a new US$2 billion capital market offering program.

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#InvestSmart

Bitcoin recently jumped to around the $70,000 mark, and PlanB, the creator of the stock-to-flow conversion model, predicts that the cryptocurrency will double in value in the next three to five months.

PlanB noted that #bitcoin miners' revenues have stabilized since the Bitcoin Harvesting 2024 event, making it less likely that miners will capitulate and subsequent selling pressure will follow. He expects bitcoin to reach the $150,000 mark by the end of 2024.
PlanB's forecasts are based on historical #mining data and a model of the ratio of bitcoin reserves to annual bitcoin #issuance . When asked by a subscriber about the possibility of bitcoin reaching the $140,000 mark, PlanB said it would happen between 2024 and 2028. She disagreed, suggesting that bitcoin could average $500,000 between 2024 and 2028. The upcoming Federal Reserve meeting will be a key event for the #cryptocurrency market: many investors expect interest rates to remain unchanged in August and possibly be cut by 25 basis points in September.
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#DigitalCurrency

From the perspective of seed investors, project traction signals such as user base, potential customers, and ethereum farmers remain the same.

However, investors still use these primitive measures of social engagement to count the number of potential buyers of retail tokens.
So introducing scores, pioneered by Blast, which has been heavily marketed as #OP Stack L2, was a natural way for the team to prepare for fundraising:
Warwick admits that seed rounds, which can be raised between $10 million and $50 million in FDV, are "pure profit" for investors, and at the end of the day almost everything ends up in profit.
Personally, he recommends selling tokens at a $10 million to $1 billion valuation after three rounds of private/seed rounds of venture capital funding:
He also recognizes that a retrospective #issuance of ether between 2021 and 2023 could serve as a way to introduce tokens to a large number of retail holders.
As U. Today previously wrote, Warwick assessed the euphoria over memes as a natural catalyst for #CryptoWatchMay2024 L2 adoption.
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#CompassInvestments #TrendingTopic

As you can see from the above chart, bitcoin investors tend to have net inflows into their wallets, suggesting that hoarding is the dominant behavior.

The analysts also attached the network's monthly #issuance data to the same chart. "Issuance" here refers to the number of bitcoins that miners mine by unlocking a block. Monthly issuance is a measure of that amount over the last month.
The graph shows that the accumulation of bitcoins by investors has recently been higher than the monthly issues. This means that investors are buying bitcoins faster than miners are #mining .
More specifically, investors bought 71,000 #TopCoinsJune2024 in the last 30 days. That's 5.5BTC, which is about 13,000 times more than miners mined in the same period.
The chart also shows that over the last 1 year, the holding group has been more consistently buying bitcoins than miners have mined, except in some segments.
How could an investor buy more than was mined? Where does the extra #bitcoin come from? The answer lies in the exchange itself. Centralized exchanges are not part of the investor group, and it is where holders withdraw their coins.
As another analyst pointed out in a Cryptquant Quicktake post, bitcoin exchange reserves have been experiencing a sharp decline for some time.
As for how investor demand for bitcoin relates to the recent influx of funds into ETFs, Straten notes that these investment products added to BTC reserves during the recent rush, while monthly net investor savings exceeded 1.4 billion baht.
Read also: Open interest in Bitcoin reaches a new historic high: will the price be next?
Thus, demand in the market has become very important recently, even despite the dramatic inflows seen in ETFs.
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#BlockchainFuture

Ripple is the largest active holder of XRP, with over 45 billion tokens under its control. The company strategically sells large amounts of XRP every month, with activity continuing into February.

Notably, more than 40.7 billion #XRP is locked in escrow and is not yet included in the volume of tokens in circulation. However, #Ripple still holds over 5 billion in liquid assets that can be sold at any time.
In February, one billion tokens were unlocked as part of the monthly escrow, of which 800 million were blocked for further #issuance . So far, Ripple's treasury accounts have already received 260 million XRP, which is 60 million XRP more than inflation this month.
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#CryptoTrends #InvestSmart

On Saturday, Pump.fun's daily sales reached $1.1 million.

The much-loved children's behemoth is gaining momentum online, and it shows in the charts.
On Saturday, September 28, daily revenue reached $1.1 million after the launch of $MOODENG. This marks a return to peak levels not seen since August 9 and signals a resurgence in the #meme #token market.
The platform's recent success underscores its popularity in the #cryptocurrency ecosystem: pump. fun has become a destination for meme enthusiasts and speculators, and the platform's user-friendly interface and fast token #issuance process contribute to its appeal. contribute to its appeal.
The key driver of the recent revenue surge was the launch of $MOODENG on September 11. The token, inspired by the hippo Mudeng from Thailand's Khao Kaeo public zoo, became a popular internet meme in September when it was released as a token for the first time in the country's history and became the first token issued in the country.
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#news

Developed by the Velodrome team and launching on Base in August 2023, Aerodrome is a decentralized exchange (DEX) and liquidity protocol designed to act as the primary trading hub in the Base ecosystem.

Like Curve, Aerodrome is designed to provide low-slippage trading for both stable and unstable coin pools; low slippage and low Base transaction fees = excellent swap prices.
Aerodrome also utilizes a "liquidity engine" system in which protocol management participants earn transaction fees by voting to direct the #issuance of $AERO tokens to the liquidity pool that generates the most trading activity.
It is notable that Aerodrome is currently the most liquid of Base's projects with a total #blockchain value (TVL) of $1.24 billion, more than five times the amount placed on L2's #Uniswap . However, thanks to its centralized liquidity system, Uniswap currently accounts for 57% of Base's total swap value, while Aerodrome only accounts for 37%.
To catch up, Aerodrome launched its own centralized liquidity protocol, Aerodrome Slipstream, in April 2024. This has also borne fruit. For example, Slipstream generated $427.5 million in volume on Base in the last 24 hours, compared to $292 million on Uniswap V2 V3 in the same period.
What is AERO and veAERO.
Aerodrome Finance uses a dual tokenization system for its ecosystem and governance structure.
AERO is a useful ERC-20 #token that serves as the lifeblood of Aerodrome. It is distributed to liquidity providers as a reward for their contribution to the platform's liquidity pool; think of it as the fuel that keeps Aerodrome's engine running smoothly.
¬AERO is where things get interesting. It is a unique ERC-721 token ("NFT") that represents an AERO lock and grants control rights. Here's how it works:
AERO owners can
'cancel the vote'.
'block the token for up to four years.
a veAERO representing a blocked position
a veAERO representing a blocked position.
the longer the blocking period, the more votes the veAERO 'NFT' receives.

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#CryptoMarketTrends