#NOTUSDT🚨 Technical Analysis (1-Hour Time Frame)
Current Price: 0.015091 USDT
24-Hour Volume: 131 million

Key Observations (1-Hour Time Frame)
1. Price Action:
Descending Channel: Over the past week, NOT/USDT has been in a descending channel, indicating a bearish trend. This is highlighted by the declining peaks and troughs within the channel.
Breakout: Recently, the price has broken out of this descending channel, suggesting a potential reversal. This breakout is often a bullish signal, especially if confirmed by subsequent price action.
2. Moving Averages:
200-Hour Moving Average: The price is currently testing the 200-hour moving average (yellow line). This moving average often acts as a significant resistance level in a downtrend. A successful break above this level could confirm the bullish reversal.
3. Support and Resistance Levels:
Support:
0.014360 USDT
0.014096 USDT- Resistance:
Immediate resistance at 0.015091 USDT
Higher resistance levels around 0.016000 USDT
4. Volume and Momentum:
Volume: Analyzing the recent volume trends, there has been a noticeable increase in trading volume during the breakout, indicating strong buying interest. This volume spike is crucial as it adds validity to the breakout from the descending channel.
Momentum Indicators: Momentum indicators, though not shown in the chart, would likely reflect the bullish sentiment if the volume and price action continue to support the breakout.
Future Trend Analysis
Bullish Scenario:
If NOT/USDT can break and sustain above the 200-hour moving average and the immediate resistance at 0.015091 USDT, we could see a bullish trend emerging.
The next targets would be around 0.016000 USDT and potentially higher levels, depending on the strength of the momentum and volume.
Bearish Scenario:
Should the price get rejected at the 200-hour moving average and fall back below the immediate support at 0.014360 USDT, the bearish trend may resume.
Further declines could test the lower support at 0.014096 USDT, and a break below .
Conclusion
The recent breakout from the descending channel and the test of the 200-hour moving average mark a critical point for NOT/USDT. Sustained buying pressure and a break above the moving average could signal a bullish reversal. Conversely, failure to break this resistance could result in a continuation of the bearish trend. Traders should monitor these key levels and volume trends closely to gauge the future direction of the market.
The #Notcoin👀🔥 project is a promising initiative in the crypto space, leveraging advanced blockchain technology to offer innovative solutions. Its active community, strategic partnerships, and clear roadmap position it well for future growth. However, like any investment, it is important to consider the associated risks and stay updated with the project’s progress.
#TechnicalAnalysis

When Chu hear people say, "You'll never get rich off crypto," or "The days of becoming a crypto millionaire are over," it stirs something deep within me. These comments often come from those who have never experienced the exhilarating highs and crushing lows of a full crypto bull run.
To truly understand the potential of this space, you need to see the mind-boggling numbers and the wild rides that accompany them.
In June 2020, Chu dipped his toes into the world of crypto. Back then, Chu was buying Dogecoin for mere fractions of a cent—between 0.002 and 0.003 cents each. Chu remember the thrill of going all-in on Doge with close to $10,000 invested.
At one point, Chu held over 2 million Doge, which, at its peak, was worth well over a million dollars. The reality hit me hard: Chu could have become a millionaire from that $10,000 investment in Doge alone, had Chu just held on a bit longer.
Even with countless mistakes along the way, Chu managed to turn under $10,000 into nearly $100,000 over the course of 2021. It's easy to look back and see where Chu could have done better, but hindsight is always 20/20. The point is, there is absurd money to be made in this space for those daring and patient enough to weather the storm. It's not an overnight success story, but over the span of a market cycle, it is entirely possible to achieve life-changing wealth from modest investments.
Even in this brutal bear market, Chu've managed to make a 7x return in under a month with Vaiot and a 2x return in a single day with Bonk. Tell me, in what other industry can you achieve this using just a smartphone and a bit of guts? Chu made more profit in a month, during a bear market, investing in a small AI crypto project than most stock market investors could dream of in a decade.
Don't tell me you can't get rich in crypto.
People often call me a degenerate gambler, and perhaps there's some truth to that. But Chu want to remind everyone about the importance of a stop loss. Many say you'll get wrecked 99% of the time with shitcoins, that it's all luck, and you'll lose everything. But Chu set a stop loss on almost every position Chu take, only risking what Chu is comfortable with—usually around 6% below my entry. It's okay to dream big and aim for the moon, but always trade safe and protect yourself.
In the end, the crypto market is a wild, unpredictable beast. But for those who dare to dream, who are willing to take calculated risks, and who have the patience to hold through the ups and downs, the rewards can be extraordinary. Don't let the naysayers hold you back. Follow your dreams, trade smart, and remember to always protect your investments.
Stay safe out there, and may your crypto journey be as thrilling and rewarding as Chu has been.

Becoming a top creator on Binance Square has been an incredible journey. Today, I want to share how I did it and how you can too
1. Discovering the Platform:
When I first found Binance Square, I saw a vibrant community of crypto enthusiasts. I knew I wanted to share my knowledge and connect with others.
Tip: Explore Square's Features
- Post Types: Use different types of posts—articles, quick updates, and polls.
- Engagement Tools: Use comments, likes, and shares to interact with your audience.
- Analytics: Track your post performance to see what works best.
2. Understanding the Audience:
The audience on Binance Square is diverse, from beginners to experts. I needed to make sure my content was helpful to everyone.
Tip: Know Your Audience
- Segmentation: Create content for different experience levels.
- Relatability: Use simple language and relatable stories.
- Feedback: Listen to comments and feedback to improve your content.
3. Crafting Engaging Stories:
I found that sharing personal stories made my posts more engaging. People connected with my experiences in the crypto world.
Tip: Emotional Storytelling
- Personal Touch: Share your own journey and insights.
- Challenges and Triumphs: Talk about both your struggles and successes.
- Empathy: Show you understand your readers' experiences.
4. Leveraging Visuals:
Adding images and charts to my posts made them more appealing and easier to understand.
Tip: Visual Appeal
- Images and Videos: Use high-quality images and short videos.
- Infographics: Create infographics to explain complex information simply.
- Consistency: Keep a consistent visual style.
5. Engaging with the Community:
Being active in the community helped me build connections. I responded to comments, joined discussions, and shared others' content.
Tip: Community Engagement
- Interact: Respond to comments and questions.
- Collaborate: Work with other creators.
- Support: Share valuable content from others.
6. Continuous Learning:
I kept learning about the latest trends and best practices. This helped me improve my content over time.
7. Participate in every contest to get more reach
Tip: Stay Updated
- Education: Keep learning about crypto trends and Binance Square updates.
- Adaptation: Adjust your strategies based on performance and feedback.
- Innovation: Try new content formats and ideas.

By following these tips, We became a top creator on Binance Square. Remember, engaging content is about connecting with your audience emotionally and intellectually. Keep your language simple, your stories relatable, and your visuals appealing. #SquareContentTips

Creating content for Binance Square can be both exciting and challenging. To stand out and engage your audience, here are some tips and tricks, presented through the emotional journey of Alex, a budding crypto content creator.
Alex's Journey to Mastering Binance Square
1. Discovering the Platform:
Alex was a passionate crypto enthusiast, eager to share his knowledge with the world. He stumbled upon Binance Square, a vibrant community where crypto enthusiasts gathered to discuss the latest trends and insights.
Tip: Explore Square's Features
- Post Types: Use various post types—articles, quick updates, and polls.
- Engagement Tools: Utilize features like comments, likes, and shares to interact with your audience.
- Analytics: Track your post performance to understand what resonates with your readers.
2. Understanding the Audience:
Alex realized that the Binance Square audience was diverse, ranging from beginners to seasoned investors. He needed to tailor his content to be inclusive and valuable to all.
Tip: Know Your Audience
- Segmentation: Create content that caters to different experience levels.
- Relatability: Use simple language and relatable stories to connect with readers.
- Feedback: Pay attention to comments and feedback to refine your content.
3. Crafting Engaging Stories:
Determined to capture his audience's attention, Alex started weaving emotional stories into his posts. He shared his own experiences, successes, and failures in the crypto world.
Tip: Emotional Storytelling
- Personal Touch: Share your personal journey and insights.
- Challenges and Triumphs: Highlight both the struggles and achievements to create a compelling narrative.
- Empathy: Show empathy towards your readers' experiences and concerns.
4. Leveraging Visuals:
Alex discovered that posts with visuals—images, charts, and infographics—received higher engagement. He started incorporating eye-catching visuals to complement his stories.
Tip: Visual Appeal
- Images and Videos: Use high-quality images and short videos to make your posts visually appealing.
- Infographics: Create infographics to simplify complex information.
- Consistency: Maintain a consistent visual style that aligns with your brand.
5. Engaging with the Community:
Alex understood the importance of being an active community member. He regularly engaged with his audience by responding to comments, participating in discussions, and sharing others' content.
Tip: Community Engagement
- Interact: Respond to comments and questions promptly.
- Collaborate: Collaborate with other creators to expand your reach.
- Support: Share and promote valuable content from others in the community.
6. Continuous Learning:
Alex never stopped learning. He kept himself updated with the latest trends, tools, and best practices to improve his content continuously.
Tip: Stay Updated
- Education: Continuously educate yourself on crypto trends and Binance Square updates.
- Adaptation: Be flexible and adapt your strategies based on performance and feedback.
- Innovation: Experiment with new content formats and ideas.
By following these tips and embracing his journey, Alex became a successful and influential content creator on Binance Square. His story serves as a testament to the power of emotional storytelling, community engagement, and continuous improvement in creating impactful content.
Remember: Engaging content is not just about the information you share but how you connect with your audience emotionally and intellectually. Keep your language simple, your stories relatable, and your visuals appealing to make a lasting impact on Binance Square. #SquareContentTips

He put everything in Crypto
He Lost everything even his life
In 2022, Wang Chu was a college student with bih ambitions. He dreamed of becoming wealthy and securing a bright future for himself and his family.
His fascination with crypto led him to invest everything he had—$50,00000 from his savings, money earned from a part-time job, sold his parents Condo and even a $100,000 loan.
Among his investments were Terra’s stablecoin, UST, and its sister token, Luna.
Chu believed stablecoins like UST were a safe bet, offering stability in the otherwise volatile crypto market.
For months, Chu watched his investments grow. The stability of UST gave him confidence, and he began dreaming of graduating without financial worries, perhaps even starting his own business.
But in May 2023, Chu’s world came crashing down. News broke that UST had lost its peg to the US dollar. In a matter of hours, the value of UST plummeted, dragging Luna down with it.
Chu was devastated. His $5100000 investment wipped before his eyes. Unable to repay his loan and facing mounting debt, Chu was forced to sell his belongings and drop out of college. His dreams were shattered, and he was left grappling with the weight of his loss.
Exploring the Role of Stablecoins in the Crypto Economy
Chu’s story is a great example of the promise and peril of stablecoins. These digital assets are designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. They play a crucial role in the crypto economy, and understanding how they work, their use cases, and their impact on market stability is essential.
Stablecoins are a type of cryptocurrency designed to minimize price volatility, offering a stable value compared to traditional cryptocurrencies like Bitcoin or Ethereum. They bridge the gap between traditional financial systems and the digital currency world. Let’s explore what stablecoins are, how they work, and why they are important.
What Are Stablecoins?

Stablecoins are digital assets pegged to a stable reserve asset like a fiat currency (e.g., USD, EUR) or a commodity (e.g., gold). Their main goal is to provide the stability of traditional assets while retaining the advantages of crypto, such as quick transactions and decentralization.
Stablecoins are a type of crypto designed to minimize price volatility, offering a stable value compared to traditional crypto like Bitcoin or Ethereum. They bridge the gap between traditional financial systems and the digital currency world. Let’s explore what stablecoins are, how they work, and why they are important.
How Stablecoins Work
Stablecoins come in three main types:

1. Fiat-Collateralized Stablecoins: These are backed by a reserve of fiat currency. For example, Tether (USDT) maintains its value by holding an equivalent amount of US dollars in reserve. This backing ensures that for every USDT issued, there is a corresponding dollar held in reserve.
2. Crypto-Collateralized Stablecoins: These are backed by other crypto. To manage price volatility, these stablecoins are often over-collateralized. For instance, $150 worth of Ethereum might be deposited to mint $100 worth of a stablecoin, providing a cushion to absorb fluctuations in the value of the underlying asset.
3. Algorithmic Stablecoins: Unlike the first two types, these stablecoins rely on algorithms and smart contracts to maintain their peg. The system adjusts the supply of the stablecoin based on market demand. UST (TerraUSD) was an example, using a complex mechanism to keep its value stable.
Use Cases of Stablecoins
Stablecoins have a range of practical applications:
1. Remittances: They facilitate faster and cheaper cross-border transactions compared to traditional banking methods, which can be slow and costly.
2. Trading: Traders use stablecoins to avoid the volatility of other crypto while moving funds between different assets or trading pairs.
3. DeFi: Stablecoins are integral to decentralized finance (DeFi) applications, providing liquidity and stability in various financial protocols.
Impact on Market Stability and Financial Systems
The UST depeg incident underscores the risks associated with algorithmic stablecoins. When UST lost its peg, it triggered a chain reaction that led to the collapse of Luna and significant losses for many investors, including Chu. This event highlighted the potential vulnerabilities in the mechanisms used to maintain the stability of algorithmic stablecoins.
While stablecoins offer many benefits, including stability and efficiency, they must be carefully managed and well-regulated to prevent such crises. The UST collapse serves as a reminder of the importance of robust systems and transparency in maintaining trust and stability in the financial system.
Chu’s story illustrates the high stakes involved with stablecoins in the crypto economy. While these digital assets offer significant advantages, their stability and security are crucial. Understanding how stablecoins work and their impact on the broader financial system can help investors make informed decisions and manage risks effectively. #Stablecoins

Creating content for Binance Square can be both exciting and challenging. To stand out and engage your audience, here are some tips and tricks, presented through the emotional journey of Alex, a budding crypto content creator.
Poi's Journey to Mastering Binance Square
1. Discovering the Platform:
Poi was a passionate crypto enthusiast, eager to share his knowledge with the world. She stumbled upon Binance Square, a vibrant community where crypto enthusiasts gathered to discuss the latest trends and insights.
Tip: Explore Square's Features
- Post Types: Use various post types—articles, quick updates, and polls.
- Engagement Tools: Utilize features like comments, likes, and shares to interact with your audience.
- Analytics: Track your post performance to understand what resonates with your readers.
2. Understanding the Audience:
Poi realized that the Binance Square audience was diverse, ranging from beginners to seasoned investors. She needed to tailor his content to be inclusive and valuable to all.
Tip: Know Your Audience
- Segmentation: Create content that caters to different experience levels.
- Relatability: Use simple language and relatable stories to connect with readers.
- Feedback: Pay attention to comments and feedback to refine your content.
3. Crafting Engaging Stories:
Determined to capture his audience's attention, poi started weaving emotional stories into his posts. She shared his own experiences, successes, and failures in the crypto world.
Tip: Emotional Storytelling
- Personal Touch: Share your personal journey and insights.
- Challenges and Triumphs: Highlight both the struggles and achievements to create a compelling narrative.
- Empathy: Show empathy towards your readers' experiences and concerns.
4. Leveraging Visuals:
Poi discovered that posts with visuals—images, charts, and infographics—received higher engagement. She started incorporating eye-catching visuals to complement his stories.
Tip: Visual Appeal
- Images and Videos: Use high-quality images and short videos to make your posts visually appealing.
- Infographics: Create infographics to simplify complex information.
- Consistency: Maintain a consistent visual style that aligns with your brand.
5. Engaging with the Community:
Poi understood the importance of being an active community member. She regularly engaged with her audience by responding to comments, participating in discussions, and sharing others' content.
Tip: Community Engagement
- Interact: Respond to comments and questions promptly.
- Collaborate: Collaborate with other creators to expand your reach.
- Support: Share and promote valuable content from others in the community.
6. Continuous Learning:
Poi never stopped learning. She kept himself updated with the latest trends, tools, and best practices to improve his content continuously.
Tip: Stay Updated
- Education: Continuously educate yourself on crypto trends and Binance Square updates.
- Adaptation: Be flexible and adapt your strategies based on performance and feedback.
- Innovation: Experiment with new content formats and ideas.

By following these tips and embracing his journey, Poi became a successful and influential content creator on Binance Square. Her story serves as a testament to the power of emotional storytelling, community engagement, and continuous improvement in creating impactful content.

Remember: Engaging content is not just about the information you share but how you connect with your audience emotionally and intellectually. Keep your language simple, your stories relatable, and your visuals appealing to make a lasting impact on Binance Square. #SquareContentTips

In 2010, a Chinese teen bought #Bitcoin  for $10
He went on to build the 1st crypto margin exchange
In 2010, a Chinese teen named Zhao Tong bought Bitcoin for $10. He was fascinated by the idea that money could be sent globally and quickly told all his friends because it was "cool."
At just 16, Zhao faced challenges in buying Bitcoin in 2011. The largest exchange, Mt. Gox, was often offline, and a flash crash even dropped Bitcoin's price to $0.01.
A self-taught coder, Zhao built Bitcoinica in four days. It wasn’t just another Bitcoin exchange; it allowed for margin trading, enabling traders and miners to speculate on future prices with up to 50 BTC instantly.
Bitcoinica quickly soared in volume, trading up to $40 million a month, second only to Mt. Gox. Zhao earned $10,000, or about 2,000 BTC, in the first two weeks alone.
Despite Bitcoinica’s success, concerns arose about Zhao’s age and experience, especially regarding the exchange's security. When investors approached him in late 2011, Zhao sold the company to focus on school exams.
The new owners, Wendon Group, sought help from veteran Bitcoin developers, including Amir Taaki, to audit the exchange. They invested heavily, even buying the Bitcoin.com domain for $1 million.
However, in March 2012, Bitcoinica was hacked, losing 43,000 Bitcoin. Two more attacks later that month stole another 48,000 Bitcoin. At that time, without hardware wallets or multisig, the hacker simply reset a few passwords to steal the funds.
Users demanded answers and their Bitcoin back, but the exact details of the hacks remain a mystery. Zhao emphasized the need for serious personal security in the Bitcoin space.
Zhao’s reputation was destroyed, and his name turned into one of the first viral Bitcoin memes. The phrase “Zhao Tonged” describes investors who have been robbed and cheated.
In his final act, Zhao invested 1,000 Bitcoin in a rare solid gold Casascius coin, one of only three, now worth over $60 million. Then, he left the industry.
Exchange hacks still happen today, making hardware wallets and multi-sig custody crucial for serious Bitcoin investors. More than 1 million Bitcoin, or $65 billion, have been lost in exchange hacks, with Bitcoinica being the third-largest loss ever.
Bitcoinica's $6 billion loss is a stark reminder: take custody seriously and use multi-sig security. Don’t get Zhao Tong’ed.
What is a Crypto Wallet?
Kevin’s story highlights the importance of understanding and using a crypto wallet. A cryptocurrency wallet is a digital tool that allows you to store, send, and receive crypto securely. It doesn't store the actual crypto but the private keys needed to access the crypto assets on the blockchain.
How Does a Cryptocurrency Wallet Work?
1. Public and Private Keys: Each wallet has a public key (like an account number) and a private key (like a password). The public key is used to receive funds, and the private key is used to access and manage them.
2. Types of Wallets:
- Hot Wallets: Connected to the internet (e.g., mobile, web, and desktop wallets). They are convenient but less secure.

- Cold Wallets: Offline storage (e.g., hardware and paper wallets). They are more secure but less convenient for frequent transactions.

3. Transactions: When you send crypto, the wallet uses your private key to sign the transaction, ensuring it is authorized and secure.
4. Security: Keeping your private key secure is crucial. If someone gains access to your private key, they can control your crypto.
Why Use a Cryptocurrency Wallet?
- Control: Unlike exchanges, a wallet gives you full control over your private keys and, therefore, your funds. This means you're not relying on a third party's security measures.
- Security: Wallets, especially cold wallets, provide a high level of security. They're not connected to the internet, making them less vulnerable to hacks.
- Privacy: Wallets offer more privacy since you don’t have to provide personal information as you would with exchanges.
- Backup: Most wallets allow you to create a backup phrase or seed phrase. If you lose access to your wallet, this phrase can help you recover your funds.
Choosing the Right Wallet
- Hot Wallets: Suitable for everyday transactions and frequent access. Examples include mobile wallets like Trust Wallet and desktop wallets like Electrum.
- Cold Wallets: Ideal for long-term storage. Examples include hardware wallets like Ledger and Trezor, and paper wallets.
- Multi-Signature Wallets: These wallets require multiple keys to authorize a transaction, providing an extra layer of security. They are often used for business purposes.
Best Practices for Wallet Security

1. Backup Your Wallet: Always create a backup of your wallet and store the backup phrase securely.
2. Use Strong Passwords: Protect your wallet with a strong, unique password.
3. Enable Two-Factor Authentication: If your wallet supports it, enable two-factor authentication for added security.
4. Keep Software Updated: Ensure your wallet software is always up to date to protect against vulnerabilities.
5.Beware of Phishing Scams: Be cautious of phishing attempts. Always verify the authenticity of websites and applications.
Zhao’s tragic loss serves as a powerful reminder: always store your crypto in a secure wallet, not on an exchange. This way, you have full control and protection over your digital assets. Understanding and properly using a crypto wallet is crucial for anyone involved in the crypto world. #CryptoWallet

He Solved many crypto mystery
He made millions as OnChainData Analyst
In 2024, the crypto world was rocked by a huge hack. WazirX, one of the biggest crypto exchanges, lost over $230 million to a hacker group called the Lizard Group. Despite their best efforts, WazirX couldn't figure out who was behind the attack.
WazirX announced a big reward in Arkham (ARKM) tokens for anyone who could solve the mystery.
That's when Zach, a dedicated and skilled on-chain data analyst, stepped in.
Zach was known in the crypto community for his ability to uncover hidden transactions and track down hackers.
Driven by his passion for justice and a desire to help, Zach began tracing the stolen funds.
He started with the theft address, This address had been making test transactions on July 10th from a multisig wallet. It was funded with six 0.1 ETH transactions from TornadoCash, a service used to hide the source of funds.
Zach identified the theft address,
He dug deeper and noticed that the address was doing tests with SHIB tokens, matching another address that made six 0.1 ETH deposits the day before,
Zach's analysis showed these deposits were accurate because theft was also testing with a multisig wallet on July 9th. This address was funded with 1 ETH from TornadoCash on July 8th at 3:03 PM UTC,
He matched the 1 ETH deposit made 9 hours earlier to,
Both addresses, , transferred funds to each other on July 9th, breaking the privacy benefits of TornadoCash. By tracing back , Zach found it was funded in two transactions with 0.36 ETH and 0.66 ETH on July 8th from an exchange,
Zach performed a timing analysis and saw the funds were originally from Bitcoin,
At this point, his tracing hit a deadend. The #Bitcoin appeared to come from an unknown service, making it difficult to trace further.
However, Zach noticed that the WazirX hack had similarities to previous attacks by the Lazarus Group, a notorious hacking organization.
Despite the challenges, Zach's work didn't go unnoticed. He solved the Arkham bounty by identifying a KYC exchange deposit made by the WazirX hacker. Although KYC-verified accounts can be bought online, Zach's findings were a crucial step in understanding the hack.
WazirX praised Zach for his dedication and rewarded him with #ARKMUSDT tokens. His story highlighted the importance of on-chain data in ensuring transparency, security, and traceability within the blockchain ecosystem.
What is On-Chain Data?
On-chain data refers to all the information recorded directly on the blockchain, such as transaction details, wallet addresses, and smart contract interactions. This data is crucial for tracking transactions, identifying fraudulent activities, and ensuring the integrity of the blockchain.
Why is On-Chain Data Important?
1. Transparency: Every transaction on the blockchain is public and can be verified by anyone. This openness ensures that all actions are visible, reducing the chances of fraud and manipulation.
2. Security: On-chain data helps in tracking the flow of funds, making it easier to spot and investigate suspicious activities. This was crucial in Zach's investigation, where he traced the hacker's transactions.
3. Traceability: On-chain data provides a clear trail of transactions, allowing analysts like Zach to follow the movement of funds across different addresses and services. This ability to trace transactions back to their source is essential for solving cases of theft and fraud.
How Users Can Access On-Chain Data
1. Blockchain Explorers:
• Use tools like Etherscan (for Ethereum) or Blockchain.com (for Bitcoin) to explore on-chain data.
• Enter a wallet address, transaction ID, or smart contract address to see detailed information.
2. Crypto Wallets:
• Many crypto wallets, like MetaMask or Trust Wallet, allow you to view your transaction history.
• These wallets often provide links to blockchain explorers for more details.
3. APIs and Data Services:
• Developers can use APIs provided by services like Infura or Alchemy to access on-chain data programmatically.
• This is useful for building applications that need to interact with blockchain data.
4. Decentralized Applications (DApps):
• Some DApps provide user-friendly interfaces to interact with on-chain data.
• Examples include Uniswap for decentralized trading or OpenSea for buying and selling NFTs.
5. Running a Node:
• Advanced users can run their own blockchain node to access and verify on-chain data.
• This requires technical knowledge and resources but provides complete control over the data.

Zach’s Investigation
Zach’s use of on-chain data analysis showed how powerful this tool can be. By following the trail of transactions, he was able to uncover crucial information about the WazirX hack and contribute to the security of the crypto community.
His story is a testament to the importance of on-chain data in maintaining the transparency, security, and traceability of the blockchain ecosystem. It shows that with the right skills and dedication, even the most complex mysteries can be solved, ensuring a safer environment for all crypto users. #OnChainData #Bitcoin #ENA

Kevin Day, a tech geek from Nebraska, loved video games and the internet. In the 1990s, he worked as a video game developer. After his startup failed during the Dot-Com Crash, he started hosting websites. This led him to discover Bitcoin, which he loved for its web freedom.
Kevin joined the #Bitcoin world when the price was $7. He was amazed as it had risen from $0.30. Eager to be part of this new digital money, he spent a lot of time mining Bitcoin.
On June 19, 2011, Kevin’s life changed forever. Bitcoin's price crashed from $17 to $0.01 in just 20 minutes. While most people panicked, Kevin saw a chance. He decided to buy $3,000 worth of Bitcoin at the incredibly low price of $0.0101. His order went through, and he bought 259,684 Bitcoins for under $3,000.
The price bounced back quickly, and Kevin's investment turned into $5 million. But his happiness didn’t last. The crash happened because someone hacked Mt. Gox, the exchange where Kevin bought his Bitcoins. The hacker stole coins and sold them, causing the price to drop. Mt. Gox decided to cancel all trades made during the crash, including Kevin's.
Kevin had managed to withdraw 643 Bitcoins before the rollback, the maximum allowed by Mt. Gox. But he lost the rest – 259,360 Bitcoins. This was a huge loss, worth about $16 billion today. Kevin learned a hard lesson: never leave your coins on an exchange.
What is a Crypto Wallet?
Kevin’s story highlights the importance of understanding and using a crypto wallet. A cryptocurrency wallet is a digital tool that allows you to store, send, and receive crypto securely. It doesn't store the actual crypto but the private keys needed to access the crypto assets on the blockchain.
How Does a Cryptocurrency Wallet Work?
1. Public and Private Keys: Each wallet has a public key (like an account number) and a private key (like a password). The public key is used to receive funds, and the private key is used to access and manage them.
2. Types of Wallets:
- Hot Wallets: Connected to the internet (e.g., mobile, web, and desktop wallets). They are convenient but less secure.
- Cold Wallets: Offline storage (e.g., hardware and paper wallets). They are more secure but less convenient for frequent transactions.
3. Transactions: When you send crypto, the wallet uses your private key to sign the transaction, ensuring it is authorized and secure.
4. Security: Keeping your private key secure is crucial. If someone gains access to your private key, they can control your crypto.
Why Use a Cryptocurrency Wallet?
- Control: Unlike exchanges, a wallet gives you full control over your private keys and, therefore, your funds. This means you're not relying on a third party's security measures.
- Security: Wallets, especially cold wallets, provide a high level of security. They're not connected to the internet, making them less vulnerable to hacks.
- Privacy: Wallets offer more privacy since you don’t have to provide personal information as you would with exchanges.
- Backup: Most wallets allow you to create a backup phrase or seed phrase. If you lose access to your wallet, this phrase can help you recover your funds.
Choosing the Right Wallet
- Hot Wallets: Suitable for everyday transactions and frequent access. Examples include mobile wallets like Trust Wallet and desktop wallets like Electrum.
- Cold Wallets: Ideal for long-term storage. Examples include hardware wallets like Ledger and Trezor, and paper wallets.
- Multi-Signature Wallets: These wallets require multiple keys to authorize a transaction, providing an extra layer of security. They are often used for business purposes.
Best Practices for Wallet Security
1. Backup Your Wallet: Always create a backup of your wallet and store the backup phrase securely.
2. Use Strong Passwords: Protect your wallet with a strong, unique password.
3. Enable Two-Factor Authentication: If your wallet supports it, enable two-factor authentication for added security.
4. Keep Software Updated: Ensure your wallet software is always up to date to protect against vulnerabilities.
5.Beware of Phishing Scams: Be cautious of phishing attempts. Always verify the authenticity of websites and applications.
Kevin’s tragic loss serves as a powerful reminder: always store your crypto in a secure wallet, not on an exchange. This way, you have full control and protection over your digital assets. Understanding and properly using a crypto wallet is crucial for anyone involved in the crypto world. #CryptoConcept