#SOFR_Spike IF true and meaningful, the uSD would go up in value.

or international dolla settlements would go down on shortage.

#DePINs 🛜🛜🛜📶💰🕸️🌐📡🤖
Could make everyone with a WIFI to become a cell phone tower.

Android phones have the function to make a call from WIFI, instead of 5G or 4G phone cell tower. Cellphone companies like that , because it saves them money. Users like that because the WIFI is faster for video calls.

Whoever figures out how to sell #distributed #WIFI as a common cell phone #network will make a billion.

#Tech on the phones is ready for that. Internet access companies use that to allow customers to make WFI calls , BUT they do not allow everyone to call from Your wifi.

So there needs to be a virtual phone company that gives money to WiFI owners and takes money from phone users that can access any virtual network WIFI automatically.

That virtual phone company would not own any cell towers, nor hardware. just be a middle man between phone users and WIFI owners.

That is one major example in #DEPIN #decentralization of services.

Basically the service provider does not own any hardware and the hardware people are paid to own and service hardware , when people use it through the DEPIN service. Same as cell phone antenna operators , but with WIFI that people have in homes.

AdDddd YOUR ideas in the comments !

#AirdropGuide

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Airdrops explainer for the noobs.

Crypto airdrops are mostly gifts. You can declare them as gifts in taxes.

Usually Airdrops are maid in worthless tokens , or points or some very small amount of money.

+ They may be incentive gifts from bag holders of some crypto coin or token. You get airdrop, the token creator sells the token , while you hold it to get airdrop. usuall scam to trick people into buying some token that promised airdrops.

+ They may be rebates of some digital service , where rebaits are paid airdrops.

+ They may be voting rights in some platfrom or digital community.

+ They may be incentive points for people who feel more rich with some worthless tokens in a game or digital platform. Like the likes for women in underwear on Instagram.

+ Airdrops could be dividents, in which case they are capital gains in terms of taxes.

+ Likes are airdrops from social media, but you can not trade them. Only use them to boost post visibility on the platform. How does one declare YouTube likes in tax calculation ???

in conclusion : most airdrops are worthless , but they could be a useful tool for distribution of voting rights for users or customers or stock crypto stock holders, like the voting reminder mail paper you get in democratic countries.

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$BTC Why did Bitcoin drop in price ?

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Top 5 reasons :

+ Summer vacations. People lock in profits. usually buy back in Sep to Dec.

+ EU banned unlicenced stable coins , effective on 1. July 2024. USDC got first license. Tether did not, BUT most the volume was in tether, so people will shift to USDC , and they need to sell and buy. IF true, BTC will bounce.

+ Somebody is liquidating large amount.

+ Miners may lock in profits to buy new equipment for AI computing services, because they want a transition to that now.

+ FOMO from weak hand that trade Bitcoin , instead of trading 10-20 loaned coin, with Bitcoin as the security deposit.

+ Avalanche FOMO sales + automatic stop loss liquidations.

+ Algos trading rebalancing trades to cover losses in other coins that dropped more than Bitcoin.

I assume low volatility and price stagnation after the sell off.

Remember : Central banks did communicate money printing with cheap loans will resume soon !!!

ADD YOuR reasons in the comments.

Financial Advice to PEPE holders !

$PEPE looks like a nice bubble now.

Easy to expect 20%-40% drop of price.

Pepe meme had almost 13X increase this year. Who would have imagined that memes can be financial assets.

My feel is that meme coins have mob dynamics. Hyper on the upside. Denial on the downside.

We will have many more meme coins that are based on Internet culture. Pepe frog or shiba dog are just cultural fashion now. Early tech adopters that are first, but not last , nor most popular possible !

Superman meme coin or some Godzilla meme coin would be based on film ideas.

EU Football season will have real sport teams with their meme coins this year. Sport teams are bigger memes than anime !

I see PEPE as sports game card with famous cartoon and degen hype. I do participate in the merket.

I would prefer Vegeta 9000 or Goku or One Punch man over pepe as a meme cherecter, when we had to select who would win the cartoon meme fight.

There is definitely a market for anime culture memes , same as pokemon trading card market or football game card market.

Lucky pepe bag holder People take 50% profits ! Put them into BTC or into the 50% BTC & 50% PEPE rebalancing bot , IF you really beleave into pepe and still want to hold pepe.

Would you bet on PEPE or on Bitcoin in 5 years, so that you can sell some and pay for monthly expenses in that future ?

#write2earn #bubble #pepe #profit #advice

$FTM dumps on money flow metrics. Here is the screenshot from the trading data tab, for those who never click it : #write2earn

Uptober materialized !

Interesting how price moves follow the calender and historical price patterns.

Ether it is the earn patterns of people or central banks create extra money in patterns !

GlassNode has a good tool for this data signal

Coinglass.com/today

#bitcoin #BTC #uptober $BTC #Write2Earn‬