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In 2022, I was actively trading on Binance. One day, I decided to buy a token that had been rising for several consecutive days. I watched the chart 24/7, and in the evening, it surged again. I debated for a long time whether to sell. Eventually, I decided to sell, and immediately after I sold, the token skyrocketed by 10x. I was stunned and spent weeks reflecting on my decision. FOMO was high. I decided to unwind and treat myself to expensive ice cream. I reminisced about that moment in my car with my ice cream in hand. That summer, sleeping in my car under the stars, I was carefree, thinking about nothing.😅
#BinanceTurns7 #Life #Binance!
#BinanceTurns7 #Life #Binance!
SEC Seeks to Amend Binance Lawsuit, Leaving Solana's Status in Limbo 💩
The SEC is looking to shake things up in its ongoing legal battle with Binance. On July 29, the SEC filed a motion to amend its complaint against the crypto exchange, aiming to avoid a court ruling on the security status of third-party tokens like Solana's SOL. This move could leave the regulatory status of various digital assets up in the air.
In its proposed amendments, the SEC wants to sidestep a decision on whether tokens such as Solana, Cardano, and others should be classified as securities. By doing so, the SEC is effectively removing itself from the role of determining the legal status of these assets, which would continue to face regulatory uncertainty.
The SEC initially accused Binance of violating federal securities laws by listing tokens from multiple projects. Last month, however, a federal court ruled that secondary sales of digital assets like Binance's BNB token do not qualify as securities, delivering a setback to the SEC's case.
Crypto enthusiasts are watching closely, with some interpreting the SEC's latest move as a sign that tokens like SOL and ADA might not meet the criteria for securities. This comes amidst growing frustration with what many see as the SEC's enforcement-driven approach to regulating the crypto space.
Binance, for its part, has responded by questioning the timing and rationale behind the SEC's proposed amendments. The exchange argues that it’s premature to start discovery on claims that may soon be revised and accuses the SEC of misrepresenting their agreement on the discovery timeline.
As the situation unfolds, the crypto community remains on edge, eager to see how this legal drama will shape the future of digital asset regulation. 😵
The SEC is looking to shake things up in its ongoing legal battle with Binance. On July 29, the SEC filed a motion to amend its complaint against the crypto exchange, aiming to avoid a court ruling on the security status of third-party tokens like Solana's SOL. This move could leave the regulatory status of various digital assets up in the air.
In its proposed amendments, the SEC wants to sidestep a decision on whether tokens such as Solana, Cardano, and others should be classified as securities. By doing so, the SEC is effectively removing itself from the role of determining the legal status of these assets, which would continue to face regulatory uncertainty.
The SEC initially accused Binance of violating federal securities laws by listing tokens from multiple projects. Last month, however, a federal court ruled that secondary sales of digital assets like Binance's BNB token do not qualify as securities, delivering a setback to the SEC's case.
Crypto enthusiasts are watching closely, with some interpreting the SEC's latest move as a sign that tokens like SOL and ADA might not meet the criteria for securities. This comes amidst growing frustration with what many see as the SEC's enforcement-driven approach to regulating the crypto space.
Binance, for its part, has responded by questioning the timing and rationale behind the SEC's proposed amendments. The exchange argues that it’s premature to start discovery on claims that may soon be revised and accuses the SEC of misrepresenting their agreement on the discovery timeline.
As the situation unfolds, the crypto community remains on edge, eager to see how this legal drama will shape the future of digital asset regulation. 😵
Learn about Layer 0, 1, 2, and 3 solutions! Be smarter than hamsters! 🐳
L0 (Layer 0) — This is the foundational level that provides the basic infrastructure for creating and interacting between different blockchains. It includes protocols and platforms that enable blockchains to work together and ensure interoperability between them. Examples of L0 solutions include Polkadot and Cosmos, which offer cross-blockchain communication and interoperability.
L1 (Layer 1) — This is the base level of the blockchain, which provides the primary protocol and consensus mechanism. Examples of L1 solutions include Bitcoin and Ethereum. These solutions define the rules of the network, how transactions are added to the blockchain, and how network security is maintained.
L2 (Layer 2) — These are additional layers that operate on top of the base blockchain (L1) to improve scalability and performance. They include technologies such as the Lightning Network for Bitcoin and Rollups for Ethereum. L2 solutions help reduce the load on the main blockchain by speeding up transactions and lowering fees, while maintaining the security and decentralization of the base network.
L3 (Layer 3) — This is an additional layer on top of L2 that focuses on specialized tasks and applications. L3 often focuses on creating specific applications and services, such as decentralized applications (dApps), which can utilize the infrastructure of L1 and L2. This layer may also include user interfaces and protocols that simplify interaction with the base blockchain levels and enhance the user experience.
Key Differences:
L0: Infrastructure for interaction between different blockchains and ensuring compatibility.
L1: The main network, responsible for fundamental operations and security.
L2: Additional solutions to enhance scalability and transaction speed on top of L1.
L3: Applications and services operating on top of L2, providing specialized functions and improved user experience.
That's it, no difficulties at all. You are now smarter than hamsters 🥳🤙
#ETHETFS #Optimism #Arbitrum
L0 (Layer 0) — This is the foundational level that provides the basic infrastructure for creating and interacting between different blockchains. It includes protocols and platforms that enable blockchains to work together and ensure interoperability between them. Examples of L0 solutions include Polkadot and Cosmos, which offer cross-blockchain communication and interoperability.
L1 (Layer 1) — This is the base level of the blockchain, which provides the primary protocol and consensus mechanism. Examples of L1 solutions include Bitcoin and Ethereum. These solutions define the rules of the network, how transactions are added to the blockchain, and how network security is maintained.
L2 (Layer 2) — These are additional layers that operate on top of the base blockchain (L1) to improve scalability and performance. They include technologies such as the Lightning Network for Bitcoin and Rollups for Ethereum. L2 solutions help reduce the load on the main blockchain by speeding up transactions and lowering fees, while maintaining the security and decentralization of the base network.
L3 (Layer 3) — This is an additional layer on top of L2 that focuses on specialized tasks and applications. L3 often focuses on creating specific applications and services, such as decentralized applications (dApps), which can utilize the infrastructure of L1 and L2. This layer may also include user interfaces and protocols that simplify interaction with the base blockchain levels and enhance the user experience.
Key Differences:
L0: Infrastructure for interaction between different blockchains and ensuring compatibility.
L1: The main network, responsible for fundamental operations and security.
L2: Additional solutions to enhance scalability and transaction speed on top of L1.
L3: Applications and services operating on top of L2, providing specialized functions and improved user experience.
That's it, no difficulties at all. You are now smarter than hamsters 🥳🤙
#ETHETFS #Optimism #Arbitrum
Let's take another look at what Trump said during his Bitcoin 2024 speech: 🤭
Key points:
- I will fire the dirty Gary Gensler on the very first day.
Bitcoin is likely to surpass gold in market capitalization.The US will become the crypto capital.
$BTC will become a global superpower.While I am President, there will be no CBDC.
I will halt the sale of confiscated $BTC by the US government.
The US government will keep 100% of its $BTC — this will serve as the foundation for a strategic Bitcoin reserve.
Now consider the chances of Trump becoming president — over 60%. If he becomes president, we are headed for new heights. Bitcoin is ready for it. A pump is coming soon! 👊
Key points:
- I will fire the dirty Gary Gensler on the very first day.
Bitcoin is likely to surpass gold in market capitalization.The US will become the crypto capital.
$BTC will become a global superpower.While I am President, there will be no CBDC.
I will halt the sale of confiscated $BTC by the US government.
The US government will keep 100% of its $BTC — this will serve as the foundation for a strategic Bitcoin reserve.
Now consider the chances of Trump becoming president — over 60%. If he becomes president, we are headed for new heights. Bitcoin is ready for it. A pump is coming soon! 👊
Wow, the German government is making major moves in the crypto world! They've just sold off a whopping 88.4% of their original 50,000 Bitcoin stash, leaving just 5,800 BTC in their wallet. This bold move began on July 12, with transactions totaling 3,200 BTC spread across platforms like Bitstamp, Kraken, and Coinbase, each receiving 400 BTC. Additionally, significant amounts went to two undisclosed addresses.
Crypto analyst Michaël van de Poppe predicts they'll sell the remaining $300 million worth of Bitcoin today, July 12. This all stems from Bitcoin seized from a film pirating site back in January. Since June 19, the German government has been steadily offloading BTC, ramping up efforts this July.
Joana Cotar, a German lawmaker and Bitcoin advocate, isn't thrilled about this sell-off. She suggests that holding onto Bitcoin could have shielded against risks in the traditional financial system if adopted as a "strategic reserve currency."
The market's feeling the pressure from these big sales. With over 44,200 BTC already sold, the German government's actions are impacting Bitcoin's price. Recently, the wallet even dipped below 5,000 BTC after moving around $615 million worth of Bitcoin to various exchanges and addresses on July 11, as reported by Arkham analytics.
This, along with Mt. Gox potentially releasing $8 billion worth of Bitcoin to creditors, is creating uncertainty in the market and pushing prices down. It's a turbulent time in the crypto space, with governments and legacy financial systems making waves that ripple through Bitcoin and beyond.
Crypto analyst Michaël van de Poppe predicts they'll sell the remaining $300 million worth of Bitcoin today, July 12. This all stems from Bitcoin seized from a film pirating site back in January. Since June 19, the German government has been steadily offloading BTC, ramping up efforts this July.
Joana Cotar, a German lawmaker and Bitcoin advocate, isn't thrilled about this sell-off. She suggests that holding onto Bitcoin could have shielded against risks in the traditional financial system if adopted as a "strategic reserve currency."
The market's feeling the pressure from these big sales. With over 44,200 BTC already sold, the German government's actions are impacting Bitcoin's price. Recently, the wallet even dipped below 5,000 BTC after moving around $615 million worth of Bitcoin to various exchanges and addresses on July 11, as reported by Arkham analytics.
This, along with Mt. Gox potentially releasing $8 billion worth of Bitcoin to creditors, is creating uncertainty in the market and pushing prices down. It's a turbulent time in the crypto space, with governments and legacy financial systems making waves that ripple through Bitcoin and beyond.
According to Polymarket, the betting crypto platform, Joe Biden's chances of participating in the U.S. presidential elections as the Democratic Party candidate are assessed at 41%, slightly lower by 4% compared to Kamala Harris. Biden's odds of winning the presidency are estimated at a mere 14%, while Harris stands at 16%.
The unquestionable leader in the race is the Republican candidate and former U.S. President, Donald Trump, with a 60% chance of winning
#USA
The unquestionable leader in the race is the Republican candidate and former U.S. President, Donald Trump, with a 60% chance of winning
#USA
The Trader Earned $5.7 million on 30 Solana Tokens in 6 Days 🙉👇
The news about an unknown trader who, having invested only 30
$SOL On December 20, a mysterious trader purchased 16 billion ANALOS coins, investing only 30 $SOL tokens in the first minutes of trading opening on the Raydium liquidity pool. This step became the starting point for incredible financial success.
Subsequently, the trader successfully sold 14.5 billion ANALOS for $3.45 million, distributing them among several addresses. There are 1.56 billion ANALOS left on four wallets, which is estimated at $2.34 million. This demonstrates not only an outstanding trader's strategy, but also the ability to achieve high profits even with small investments.
The total increase in trader funds amounted to x2570 in just six days, highlighting the volatility and potential for significant profits in the cryptocurrency industry.
This success comes amid the overall growth of Solana. Over the past week, the token's quotes have risen to $118, reaching this level for the first time since April 2022. The current price of SOL is just above $113, indicating an increase of more than 890% over the year, according to #CoinGecko.
This success story highlights not only the potential for high returns in the world of cryptocurrencies, but also the growing interest in the Solana network. The rapid growth of this trader has become a source of inspiration for those who are looking for opportunities in the cryptocurrency space.
#Solana📈🚀🌐 #Memecoins $BONK
The news about an unknown trader who, having invested only 30
$SOL On December 20, a mysterious trader purchased 16 billion ANALOS coins, investing only 30 $SOL tokens in the first minutes of trading opening on the Raydium liquidity pool. This step became the starting point for incredible financial success.
Subsequently, the trader successfully sold 14.5 billion ANALOS for $3.45 million, distributing them among several addresses. There are 1.56 billion ANALOS left on four wallets, which is estimated at $2.34 million. This demonstrates not only an outstanding trader's strategy, but also the ability to achieve high profits even with small investments.
The total increase in trader funds amounted to x2570 in just six days, highlighting the volatility and potential for significant profits in the cryptocurrency industry.
This success comes amid the overall growth of Solana. Over the past week, the token's quotes have risen to $118, reaching this level for the first time since April 2022. The current price of SOL is just above $113, indicating an increase of more than 890% over the year, according to #CoinGecko.
This success story highlights not only the potential for high returns in the world of cryptocurrencies, but also the growing interest in the Solana network. The rapid growth of this trader has become a source of inspiration for those who are looking for opportunities in the cryptocurrency space.
#Solana📈🚀🌐 #Memecoins $BONK
$ARB and $OP grew after Vitalik Buterin's post about L2 networks 💥👀
Thanks to the latest post by Ethereum co-founder Vitalik Buterin about L2 networks, we see a significant increase in prices for #Arbitrum and #Optimism Buterin highlighted the transition of the Arbitrum network to the "first stage" of roll-up development, which is considered "undoubted" progress.
The main points of the post:
1 - Rollups and their status:
- According to Buterin, rollups are divided into three stages (from 0 to 2).
- The first stage implies the existence of a functional consensus system and requires the security of the council from five independent participants.
- At the time of the post, Arbitrum One is the largest roll-up with $9.6 billion in blocked assets.
2 - Statistics on rollups:
- The total value of blocked assets in second-tier networks reached $20.15 billion.
- Ahead of the others, Arbitrum One has the highest asset value ($9.6 billion), followed by OP Mainnet ($6.28 billion) and Metis Andromeda ($739 million).
Other market movements:
- The quotations of the #Solana token rose to $118 for the first time since April 2022.
- PancakeSwap also showed a 25% increase after burning 10 million $CAKE
Thanks to the latest post by Ethereum co-founder Vitalik Buterin about L2 networks, we see a significant increase in prices for #Arbitrum and #Optimism Buterin highlighted the transition of the Arbitrum network to the "first stage" of roll-up development, which is considered "undoubted" progress.
The main points of the post:
1 - Rollups and their status:
- According to Buterin, rollups are divided into three stages (from 0 to 2).
- The first stage implies the existence of a functional consensus system and requires the security of the council from five independent participants.
- At the time of the post, Arbitrum One is the largest roll-up with $9.6 billion in blocked assets.
2 - Statistics on rollups:
- The total value of blocked assets in second-tier networks reached $20.15 billion.
- Ahead of the others, Arbitrum One has the highest asset value ($9.6 billion), followed by OP Mainnet ($6.28 billion) and Metis Andromeda ($739 million).
Other market movements:
- The quotations of the #Solana token rose to $118 for the first time since April 2022.
- PancakeSwap also showed a 25% increase after burning 10 million $CAKE
Worldcoin Suspends Orb Verification in India, Brazil and France
Worldcoin no longer provides Orb verification services in India, Brazil and France, TechCrunch reports
The crypto project, created with the participation of OpenAI CEO Sam Altman, expanded the eyeball scanning device to many markets in 2023 for "time-limited access.
Orb is used to identify users, and Worldcoin has also announced integration with popular platforms as part of the World ID 2.0 update. The project continues to overcome regulatory obstacles and attract attention from around the world.
$WLD #Worldcoin #OpenAI #ChatGPT. #AI
Worldcoin no longer provides Orb verification services in India, Brazil and France, TechCrunch reports
The crypto project, created with the participation of OpenAI CEO Sam Altman, expanded the eyeball scanning device to many markets in 2023 for "time-limited access.
Orb is used to identify users, and Worldcoin has also announced integration with popular platforms as part of the World ID 2.0 update. The project continues to overcome regulatory obstacles and attract attention from around the world.
$WLD #Worldcoin #OpenAI #ChatGPT. #AI
Approval of spot Bitcoin ETFs in the US is projected by January, according to K33 Research 🤫
According to the research company K33 Research, the approval of spot bitcoin ETFs in the United States may be expected as early as January. In the last week, bitcoin has fluctuated between $40,500 and $43,500, marking "pockets of euphoria" in memcoins and Tier 1 alternative tokens.
According to the K33 Research report, proposals for the approval of spot bitcoin ETFs have been submitted with the condition of creating funds by January 10. BlackRock, the largest asset manager, has amended its application to include a new cash buyback model, which analysts say the SEC apparently supports.
Vetle Lunde, senior analyst at K33, and Anders Helset, Vice President, expressed confidence in the possible approval of spot bitcoin ETFs in the next three weeks. They noted that despite the suboptimality of the cash generation model, updates from applicants are a signal in favor of ETF approval.
Bloomberg Intelligence ETF analyst, James Seyffart, also supported this forecast, pointing to a window for potential approval from January 8-10. The probability of approval, in his opinion, is 90%. The Ark 21Shares application, filed in April, is approaching its deadline during this period.
While bitcoin remains in the trading range between $40,500 and $43,500, memcoins and Tier 1 alternative tokens are showing euphoria. Despite the consolidation of prices due to profit-taking, bitcoin volumes remain elevated, attracting new buyers.
Analysts foresee a significant rotation to CME futures-based ETFs when spot bitcoin ETFs are approved. This could reduce CME's market dominance by reducing open interest by 50%.
On the other hand, altcoins such as the BRC-20 ORDI token, the Solana-based BONK memcoin and the new Tier 1 TIA Celestia are attracting the attention of investors. Open interest in altcoins has increased, and their share in the total volume of open interest in cryptocurrencies has increased from 11% to 19%.
$MEME $ORDI $BONK #BitcoinWorld #etf #Ordinals
According to the research company K33 Research, the approval of spot bitcoin ETFs in the United States may be expected as early as January. In the last week, bitcoin has fluctuated between $40,500 and $43,500, marking "pockets of euphoria" in memcoins and Tier 1 alternative tokens.
According to the K33 Research report, proposals for the approval of spot bitcoin ETFs have been submitted with the condition of creating funds by January 10. BlackRock, the largest asset manager, has amended its application to include a new cash buyback model, which analysts say the SEC apparently supports.
Vetle Lunde, senior analyst at K33, and Anders Helset, Vice President, expressed confidence in the possible approval of spot bitcoin ETFs in the next three weeks. They noted that despite the suboptimality of the cash generation model, updates from applicants are a signal in favor of ETF approval.
Bloomberg Intelligence ETF analyst, James Seyffart, also supported this forecast, pointing to a window for potential approval from January 8-10. The probability of approval, in his opinion, is 90%. The Ark 21Shares application, filed in April, is approaching its deadline during this period.
While bitcoin remains in the trading range between $40,500 and $43,500, memcoins and Tier 1 alternative tokens are showing euphoria. Despite the consolidation of prices due to profit-taking, bitcoin volumes remain elevated, attracting new buyers.
Analysts foresee a significant rotation to CME futures-based ETFs when spot bitcoin ETFs are approved. This could reduce CME's market dominance by reducing open interest by 50%.
On the other hand, altcoins such as the BRC-20 ORDI token, the Solana-based BONK memcoin and the new Tier 1 TIA Celestia are attracting the attention of investors. Open interest in altcoins has increased, and their share in the total volume of open interest in cryptocurrencies has increased from 11% to 19%.
$MEME $ORDI $BONK #BitcoinWorld #etf #Ordinals
Phantom Adds Support for Bitcoin, Ordinals and BRC-20 Tokens
Phantom, originally developed as a wallet for the Solana network, has taken a new height by announcing the expansion of its functionality. Users can now trade and transfer Bitcoins, ordinals, and BRC-20 tokens.
The new wallet update, which is in beta, provides users with the opportunity to interact with bitcoins, serial numbers and BRC-20 tokens. The Phantom team emphasized that this solution is in beta testing and expressed gratitude to bitcoin for its important role in the development of Solana, Ethereum and the web3 ecosystem.
In a message to X, Phantom noted: "Without bitcoin, there would be no Solana, no Ethereum, no web3. And for that, we are eternally grateful to bitcoin and are very happy to launch it (in ₿eta) on Phantom."
Previously known as the Solana wallet, Phantom is actively moving towards multi-chain functionality, providing support for the Ethereum and Polygon blockchains. Brandon Millman, co-founder and CEO of Phantom, expressed confidence in the future of digital asset management through interoperability.
$SOL $ORDI $1000SATS
The new wallet update, which is in beta, provides users with the opportunity to interact with bitcoins, serial numbers and BRC-20 tokens. The Phantom team emphasized that this solution is in beta testing and expressed gratitude to bitcoin for its important role in the development of Solana, Ethereum and the web3 ecosystem.
In a message to X, Phantom noted: "Without bitcoin, there would be no Solana, no Ethereum, no web3. And for that, we are eternally grateful to bitcoin and are very happy to launch it (in ₿eta) on Phantom."
Previously known as the Solana wallet, Phantom is actively moving towards multi-chain functionality, providing support for the Ethereum and Polygon blockchains. Brandon Millman, co-founder and CEO of Phantom, expressed confidence in the future of digital asset management through interoperability.
$SOL $ORDI $1000SATS
PancakeSwap CAKE jumped by more than 20% after offering to reduce the token supply by 300 million 🤯
The decentralized PancakeSwap exchange has made a significant move by offering to reduce the maximum supply of its native token, CAKE, by 300 million. This step led to an impressive increase in the price of the token by more than 20%.
At 9:20 a.m. ET, CAKE was trading at $2.52, marking a 13.1% gain over the past 24 hours. These changes were prompted by the announcement from PancakeSwap to reduce the CAKE supply from 750 million to 450 million.
PancakeSwap representatives stressed that this step is a key moment in the evolution of the platform, noting the successful transition from a high inflation model to a more effective strategy. "Reducing the supply by 300 million CAKE is a signal of our successful movement towards a more efficient mechanism," they stressed.
Over the past year, PancakeSwap has been actively reviewing its tokenomics in an effort to improve its issuance and growth strategy. It is noted that thanks to improvements in CAKE Tokenomics v2.5 and the recent launch of the veCAKE Gauges system, the platform is ready for further growth in various directions.
Now that CAKE is demonstrating steady deflation and focusing on achieving ultrasonic CAKE, the proposal to reduce the total token supply to a maximum limit of 450 million CAKES seems strategically justified. With a current turnover of 388 million CAKE, The Kitchen, the development team, is confident that the new lower limit will be sufficient to gain market share and maintain the veCAKE model.
$CAKE #DEX $BTC
The decentralized PancakeSwap exchange has made a significant move by offering to reduce the maximum supply of its native token, CAKE, by 300 million. This step led to an impressive increase in the price of the token by more than 20%.
At 9:20 a.m. ET, CAKE was trading at $2.52, marking a 13.1% gain over the past 24 hours. These changes were prompted by the announcement from PancakeSwap to reduce the CAKE supply from 750 million to 450 million.
PancakeSwap representatives stressed that this step is a key moment in the evolution of the platform, noting the successful transition from a high inflation model to a more effective strategy. "Reducing the supply by 300 million CAKE is a signal of our successful movement towards a more efficient mechanism," they stressed.
Over the past year, PancakeSwap has been actively reviewing its tokenomics in an effort to improve its issuance and growth strategy. It is noted that thanks to improvements in CAKE Tokenomics v2.5 and the recent launch of the veCAKE Gauges system, the platform is ready for further growth in various directions.
Now that CAKE is demonstrating steady deflation and focusing on achieving ultrasonic CAKE, the proposal to reduce the total token supply to a maximum limit of 450 million CAKES seems strategically justified. With a current turnover of 388 million CAKE, The Kitchen, the development team, is confident that the new lower limit will be sufficient to gain market share and maintain the veCAKE model.
$CAKE #DEX $BTC
Binance has agreed to pay $2.7 billion under an agreement with the CFTC
A court in the United States has approved a settlement agreement between Binance and the CFTC. The exchange will pay a $1.35 billion civil fine and refund $1.35 billion of "illegally obtained commissions."
The junior CEO and the exchange itself admitted to violating the Law on Commodity Exchanges. Fines and refunds are related to the active attraction of customers from the United States and violation of KYC procedures
Binance is also required to carry out additional certification of KYC programs and implement a corporate governance structure.
#binance #cryptonewstoday #CZ
A court in the United States has approved a settlement agreement between Binance and the CFTC. The exchange will pay a $1.35 billion civil fine and refund $1.35 billion of "illegally obtained commissions."
The junior CEO and the exchange itself admitted to violating the Law on Commodity Exchanges. Fines and refunds are related to the active attraction of customers from the United States and violation of KYC procedures
Binance is also required to carry out additional certification of KYC programs and implement a corporate governance structure.
#binance #cryptonewstoday #CZ
Dogecoin developer criticized Cryptocurrency and AI startups 🚨
The co-founder of Dogecoin, Billy Marcus, expressed his dissatisfaction with startups seeking to attract investments, playing on the excitement around cryptocurrencies and artificial intelligence. He warned venture capitalists that the use of these terms could become hasty.
"If new projects mention artificial intelligence, then ChatGPT will do it in a few months. If they mention cryptocurrency, it's moronic," said Marcus.
Despite the increase in venture capital funding in the cryptocurrency sector in November, Marcus believes that the cryptocurrency industry is blinded by greed and lacks understanding. He stressed that only 0.02% of market participants actually care about anything other than making money.
The Bells project, presented by Marcus, came under the attention of the community after discovering an uneven distribution of benefits in favor of insiders and early participants. In this regard, the Dogecoin developer stressed the importance of honesty in the crypto world and expressed concern that greed is becoming a priority in the industry.
"Dogecoin was successful only because it was released honestly. However, in the current crypto world, it no longer matters, because greed blinds everyone, and almost the entire industry does not understand the basics," he added.
Recall that in April 2022, Marcus called for the creation of a cross-chain bridge between the Dogecoin and Ethereum blockchains. This step was an attempt to improve the interaction between different blockchains.
Thus, Billy Marcus, despite the criticism, continues to actively participate in the dialogue on the development of cryptocurrencies and emphasizes the importance of honesty and ethics in this industry.
#Doge $DOGE #Memecoins #Meme
The co-founder of Dogecoin, Billy Marcus, expressed his dissatisfaction with startups seeking to attract investments, playing on the excitement around cryptocurrencies and artificial intelligence. He warned venture capitalists that the use of these terms could become hasty.
"If new projects mention artificial intelligence, then ChatGPT will do it in a few months. If they mention cryptocurrency, it's moronic," said Marcus.
Despite the increase in venture capital funding in the cryptocurrency sector in November, Marcus believes that the cryptocurrency industry is blinded by greed and lacks understanding. He stressed that only 0.02% of market participants actually care about anything other than making money.
The Bells project, presented by Marcus, came under the attention of the community after discovering an uneven distribution of benefits in favor of insiders and early participants. In this regard, the Dogecoin developer stressed the importance of honesty in the crypto world and expressed concern that greed is becoming a priority in the industry.
"Dogecoin was successful only because it was released honestly. However, in the current crypto world, it no longer matters, because greed blinds everyone, and almost the entire industry does not understand the basics," he added.
Recall that in April 2022, Marcus called for the creation of a cross-chain bridge between the Dogecoin and Ethereum blockchains. This step was an attempt to improve the interaction between different blockchains.
Thus, Billy Marcus, despite the criticism, continues to actively participate in the dialogue on the development of cryptocurrencies and emphasizes the importance of honesty and ethics in this industry.
#Doge $DOGE #Memecoins #Meme
My Unforgettable Experience of Participating in the Binance Tournament 🤯👇
Hello, friends! I want to share my exciting experience of participating in the latest Binance tournament. It was not just a competition, but a real adventure in the world of finance and cryptocurrencies.
It all started with the decision to participate in the Binance Tournament, and I couldn't help but share this exciting moment on Binance Square with the hashtag #BinanceTournament. Deciding to take on the challenge, I set off on an exciting journey through the world of cryptocurrency trading and investment. 🚀
💡 For the tournament, I developed my trading strategy based on market and trend analysis. Using technical analysis and fundamental data helped me identify potentially profitable assets.
The Binance Tournament gave me the opportunity to try intensive trading. I was at the center of the action, constantly analyzing the market, making decisions and reacting to changes. This experience has given me new skills and confidence in trading. 📊
Waiting for the results was an exciting moment. To see my name among the winners, share my joy with the community and receive a well—deserved prize was an incredible moment that highlighted my efforts and efforts.🏆
Participation in the Binance tournament was not only a chance to win, but also a unique opportunity to learn, test yourself and make new friends-traders. Each tournament brings a new lesson and experience, making me stronger and more experienced in the world of cryptocurrencies. 🎉
#BinanceTournament #binance $BONK $INJ $SOL
Hello, friends! I want to share my exciting experience of participating in the latest Binance tournament. It was not just a competition, but a real adventure in the world of finance and cryptocurrencies.
It all started with the decision to participate in the Binance Tournament, and I couldn't help but share this exciting moment on Binance Square with the hashtag #BinanceTournament. Deciding to take on the challenge, I set off on an exciting journey through the world of cryptocurrency trading and investment. 🚀
💡 For the tournament, I developed my trading strategy based on market and trend analysis. Using technical analysis and fundamental data helped me identify potentially profitable assets.
The Binance Tournament gave me the opportunity to try intensive trading. I was at the center of the action, constantly analyzing the market, making decisions and reacting to changes. This experience has given me new skills and confidence in trading. 📊
Waiting for the results was an exciting moment. To see my name among the winners, share my joy with the community and receive a well—deserved prize was an incredible moment that highlighted my efforts and efforts.🏆
Participation in the Binance tournament was not only a chance to win, but also a unique opportunity to learn, test yourself and make new friends-traders. Each tournament brings a new lesson and experience, making me stronger and more experienced in the world of cryptocurrencies. 🎉
#BinanceTournament #binance $BONK $INJ $SOL
Solana Saga Phone Sold Out in the USA: Traders Discover Arbitrage with A Rising Bonus Price 📱
- The Solana Saga phone became the object of a stir in the United States when traders identified the potential for arbitrage with the rising price of the Bonk token.
Each Saga phone comes with 30 million Bonk tokens, the value of which now exceeds the price of the phone itself.
- The Bonk price has increased by 135% in the last 24 hours, reaching a peak of $0.000033. In December, the token rose in price by 600%.
- With each phone, customers receive 30 million Bonk tokens. The recent all-time high in the value of tokens reached $990, exceeding the price of the phone ($599).
- Buying a Solana phone involves risk, as physical delivery is necessary to receive Bonk tokens. With the price of the token falling, buyers may find themselves at a loss, despite the cost of the phone.
An unusual Arbitrage Effect: The excitement around the Solana Saga phone highlights the unique speculative trends in the world of cryptocurrencies and blockchain projects.
$SOL $BONK #Solana
- The Solana Saga phone became the object of a stir in the United States when traders identified the potential for arbitrage with the rising price of the Bonk token.
Each Saga phone comes with 30 million Bonk tokens, the value of which now exceeds the price of the phone itself.
- The Bonk price has increased by 135% in the last 24 hours, reaching a peak of $0.000033. In December, the token rose in price by 600%.
- With each phone, customers receive 30 million Bonk tokens. The recent all-time high in the value of tokens reached $990, exceeding the price of the phone ($599).
- Buying a Solana phone involves risk, as physical delivery is necessary to receive Bonk tokens. With the price of the token falling, buyers may find themselves at a loss, despite the cost of the phone.
An unusual Arbitrage Effect: The excitement around the Solana Saga phone highlights the unique speculative trends in the world of cryptocurrencies and blockchain projects.
$SOL $BONK #Solana
🏁 Oracle Red Bull Racing Takes off from NFT after a Racing Triumph!
🚗 The Oracle Red Bull Racing Formule-1 team celebrates its brilliant 2023 season with a collection of unique NFTs created on the Sui blockchain. The main drivers, Max Verstappen and Sergio Perez, took the top positions of the table, making Red Bull the undisputed leader.
🔥 Highlights:
🏆 Race Dominance: Winning the first and second places in Formula 1 made Red Bull the clear leader.
🎨 Unique NFT Collections: Automotive design studio Automobilist will create unique works of art in the form of NFT for fans.
🌐 Access via Bybit.com : NFT will be available via Bybit.com by providing an opportunity for fans to keep the memories of a significant season alive.
🚀 The Sports World in the Digital Era:
- The trend of transferring collectibles to the digital age is growing, attracting major teams and leagues, including Oracle Red Bull Racing.
- NFTs are being created on the Sui blockchain, thanks to a partnership with Mysten Labs dating back to the beginning of this year.
$SUI #Sui #NFT
🚗 The Oracle Red Bull Racing Formule-1 team celebrates its brilliant 2023 season with a collection of unique NFTs created on the Sui blockchain. The main drivers, Max Verstappen and Sergio Perez, took the top positions of the table, making Red Bull the undisputed leader.
🔥 Highlights:
🏆 Race Dominance: Winning the first and second places in Formula 1 made Red Bull the clear leader.
🎨 Unique NFT Collections: Automotive design studio Automobilist will create unique works of art in the form of NFT for fans.
🌐 Access via Bybit.com : NFT will be available via Bybit.com by providing an opportunity for fans to keep the memories of a significant season alive.
🚀 The Sports World in the Digital Era:
- The trend of transferring collectibles to the digital age is growing, attracting major teams and leagues, including Oracle Red Bull Racing.
- NFTs are being created on the Sui blockchain, thanks to a partnership with Mysten Labs dating back to the beginning of this year.
$SUI #Sui #NFT
Ether is on the Verge of ETF Approval!
Against all odds, the SEC has indirectly recognized ether as a commodity, opening the door to spot ether ETFs. Bloomberg analyst James Seifgart predicts that approval is on the way — probably by the end of May.
📊 Key points:
Ether Is Perceived As a Commodity: The SEC has recognized ether, which makes spot ether ETFs closer to approval.Approval window in May: According to the analyst, the deadline for submitting applications (May 23 and 24) they indicate a possible approval by the end of the month. Timing Between Approval and Launch: There is no clear timeline, but the SEC approval process could be the key to a quick or delayed launch of an ETF.
What Awaits Us:
Financial Boom: The approval of spot bitcoin ETFs can lead to a flow of funds in the billions of dollars on the first day and in the long term.International Interest: Major players such as BlackRock may be the first to add ETFs to their portfolios.Time Uncertainty: The timing between approval and launch remains unclear, but enthusiasm on the first day is expected.
Make a Wish for a Successful Year and Expect an Investment Boom in the world of cryptocurrencies! 🚀💼🌐
📊 Key points:
Ether Is Perceived As a Commodity: The SEC has recognized ether, which makes spot ether ETFs closer to approval.Approval window in May: According to the analyst, the deadline for submitting applications (May 23 and 24) they indicate a possible approval by the end of the month. Timing Between Approval and Launch: There is no clear timeline, but the SEC approval process could be the key to a quick or delayed launch of an ETF.
What Awaits Us:
Financial Boom: The approval of spot bitcoin ETFs can lead to a flow of funds in the billions of dollars on the first day and in the long term.International Interest: Major players such as BlackRock may be the first to add ETFs to their portfolios.Time Uncertainty: The timing between approval and launch remains unclear, but enthusiasm on the first day is expected.
Make a Wish for a Successful Year and Expect an Investment Boom in the world of cryptocurrencies! 🚀💼🌐
SUI Developers Dream of Sending Money like Email
Mysten Labs has developed a groundbreaking solution, allowing people to send and receive cryptocurrency via email, even if the recipient doesn't have a digital wallet.
🌐 Two years ago, five former Facebook engineers founded Mysten Labs with the goal of simplifying online money transfers, making it as easy as sending an email. Today, with the creation of Sui, a Layer 1 blockchain, Mysten Labs aims to fulfill that dream.
💡 Overcoming Crypto Complexity: Sui tackles the hurdles associated with cryptocurrency by introducing a technology that enables global money transfers using standard web2 identification. No need for a crypto wallet! Thanks to Mysten Labs' innovation called 'zkLogin,' the system allows anyone worldwide to send assets hassle-free.
🌍 Simplifying Mass Adoption: Adeniyi Abiodun, co-founder of Mysten Labs, emphasizes that simplifying the use of cryptocurrency is crucial for widespread adoption. With over 5 billion people using web2 accounts online and only around 60 million active crypto wallets globally, Sui strives to bridge the gap.
🔗 Interoperability at its Core: Sui is designed as an open standard, allowing any application worldwide to efficiently use it as a mechanism for sending assets globally. It aims to eliminate the complexity associated with cryptocurrencies, making it accessible to the majority.
💰 Fostering Financial Inclusion: Abiodun envisions a world where the idea of downloading a wallet or dealing with gas fees becomes obsolete. Sui's goal is to empower 99.9% of the world's population by providing a simple and secure way to send funds globally.
🚀 The $2 Billion Success Story: Mysten Labs has achieved significant success in funding, closing a $300 million deal in September, valuing the company at over $2 billion. Backed by prominent venture funds like A16z Crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, Mysten Labs continues its mission to simplify crypto for everyone.
🌈 Sui, the open standard blockchain, represents a leap toward a future where crypto transactions are as seamless as sending an email. Stay tuned as Sui paves the way for a more inclusive and accessible financial landscape!
$SUI
🌐 Two years ago, five former Facebook engineers founded Mysten Labs with the goal of simplifying online money transfers, making it as easy as sending an email. Today, with the creation of Sui, a Layer 1 blockchain, Mysten Labs aims to fulfill that dream.
💡 Overcoming Crypto Complexity: Sui tackles the hurdles associated with cryptocurrency by introducing a technology that enables global money transfers using standard web2 identification. No need for a crypto wallet! Thanks to Mysten Labs' innovation called 'zkLogin,' the system allows anyone worldwide to send assets hassle-free.
🌍 Simplifying Mass Adoption: Adeniyi Abiodun, co-founder of Mysten Labs, emphasizes that simplifying the use of cryptocurrency is crucial for widespread adoption. With over 5 billion people using web2 accounts online and only around 60 million active crypto wallets globally, Sui strives to bridge the gap.
🔗 Interoperability at its Core: Sui is designed as an open standard, allowing any application worldwide to efficiently use it as a mechanism for sending assets globally. It aims to eliminate the complexity associated with cryptocurrencies, making it accessible to the majority.
💰 Fostering Financial Inclusion: Abiodun envisions a world where the idea of downloading a wallet or dealing with gas fees becomes obsolete. Sui's goal is to empower 99.9% of the world's population by providing a simple and secure way to send funds globally.
🚀 The $2 Billion Success Story: Mysten Labs has achieved significant success in funding, closing a $300 million deal in September, valuing the company at over $2 billion. Backed by prominent venture funds like A16z Crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, Mysten Labs continues its mission to simplify crypto for everyone.
🌈 Sui, the open standard blockchain, represents a leap toward a future where crypto transactions are as seamless as sending an email. Stay tuned as Sui paves the way for a more inclusive and accessible financial landscape!
$SUI
The Nirvana Finance hacker pleaded guilty and agreed to pay compensation in the amount of $ 12.3 million! 🕵️♂️💰
Shakib Ahmed, a 34-year-old senior security engineer, admitted to using the Nirvana Finance protocol and another decentralized exchange. The fateful attacks resulted in the confiscation of $12.3 million in assets and the payment of $5 million in restitution to the victims!
The events unfold against the background of the first-ever arrest for an attack on a smart contract. The exploits of 2022 have taken this case to a new level! 🌐🔒
What else is hidden behind this exciting revelation? We are awaiting sentencing on March 13. 🔍
Shakib Ahmed, a 34-year-old senior security engineer, admitted to using the Nirvana Finance protocol and another decentralized exchange. The fateful attacks resulted in the confiscation of $12.3 million in assets and the payment of $5 million in restitution to the victims!
The events unfold against the background of the first-ever arrest for an attack on a smart contract. The exploits of 2022 have taken this case to a new level! 🌐🔒
What else is hidden behind this exciting revelation? We are awaiting sentencing on March 13. 🔍
