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Market Anticipation and Beyond
The previous halving events have indeed been followed by significant price rallies for Bitcoin. With the upcoming halving just days away, the market is understandably excited. Trading volume for Bitcoin has surged, with many investors positioning themselves for a potential price rise. While some analysts predict a substantial rise post-halving, others urge caution due to external market factors.
It's important to remember that the halving's impact on price isn't guaranteed. Global economic conditions and regulations can also play a role. However, the halving is a pivotal event with the potential to influence the entire crypto market. It reinforces Bitcoin's core principle of scarcity and could trigger renewed interest and investment across the cryptocurrency landscape.🔥
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#Genius_Ape_1
#btcfreebox
The previous halving events have indeed been followed by significant price rallies for Bitcoin. With the upcoming halving just days away, the market is understandably excited. Trading volume for Bitcoin has surged, with many investors positioning themselves for a potential price rise. While some analysts predict a substantial rise post-halving, others urge caution due to external market factors.
It's important to remember that the halving's impact on price isn't guaranteed. Global economic conditions and regulations can also play a role. However, the halving is a pivotal event with the potential to influence the entire crypto market. It reinforces Bitcoin's core principle of scarcity and could trigger renewed interest and investment across the cryptocurrency landscape.🔥
#Write2Earn
#Genius_Ape_1
#btcfreebox
Market Movers: Hong Kong Web3 Carnival and Token2049
Shifting gears to the broader market, the 2024 Hong Kong Web3 Carnival kicks off today at the Hong Kong Convention and Exhibition Center. This four-day extravaganza brings together industry leaders, developers, and enthusiasts to explore the transformative potential of Web3. The event promises to delve into the future of this revolutionary technology and its potential to reshape various industries.
Meanwhile, Dubai plays host to the highly anticipated Token2049 conference, focusing on the future of digital assets. With both events happening concurrently, this week promises to be a hotbed for crypto discussions and developments.
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
Shifting gears to the broader market, the 2024 Hong Kong Web3 Carnival kicks off today at the Hong Kong Convention and Exhibition Center. This four-day extravaganza brings together industry leaders, developers, and enthusiasts to explore the transformative potential of Web3. The event promises to delve into the future of this revolutionary technology and its potential to reshape various industries.
Meanwhile, Dubai plays host to the highly anticipated Token2049 conference, focusing on the future of digital assets. With both events happening concurrently, this week promises to be a hotbed for crypto discussions and developments.
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
page 2 :
* The Return Of The Algorithmic Stables:
Whilst centralised stablecoin issuers have dominated crypto markets in recent years, particularly in light of the TerraUSD (UST) collapse, this hasn’t deterred the innovation in decentralised algorithmic stablecoins. From the rise of Curve Stablecoin (crvUSD) - a novel decentralised collateralised-debt position (CDP) backed stablecoin with soft liquidation implementation - to Ethena’s Synthetic Dollar (USDe) that also uses a CDP approach but uses a “delta-neutral” ETH position to back the stablecoin. It’s clear that Terra ecosystem collapse has not deterred the creation or usage of decentralised stablecoins, with Ethena’s TVL crossing $3 billion this week.
If you’ve been on Crypto Twitter this week, you will have seen a rush of different memecoins launching - all associated with different celebrities ranging from Caitlyn Jenner to Soulja Boy. Whilst celebrities promoting crypto related products is nothing new, a worrying trend with this string of launches is that there is evidence to suggest that the person behind the development and launch of these different tokens is allegedly a serial scammer.
Whilst it’s still a little unclear what has gone on here, whether it be a scammer swindling unsuspecting celebrities or whether it be celebrities jumping on the memecoin bandwagon and taking advantage of retail investors, it does serve as a prudent reminder to do your own research and not to rush any investment decisions - particularly when there are red flags surrounding these projects. As things stand, all of these recent celebrity-promoted
#Binance
#Genius_Ape_1
#imcooladi4u
#btcfreebox
#write2earn🌐💹
* The Return Of The Algorithmic Stables:
Whilst centralised stablecoin issuers have dominated crypto markets in recent years, particularly in light of the TerraUSD (UST) collapse, this hasn’t deterred the innovation in decentralised algorithmic stablecoins. From the rise of Curve Stablecoin (crvUSD) - a novel decentralised collateralised-debt position (CDP) backed stablecoin with soft liquidation implementation - to Ethena’s Synthetic Dollar (USDe) that also uses a CDP approach but uses a “delta-neutral” ETH position to back the stablecoin. It’s clear that Terra ecosystem collapse has not deterred the creation or usage of decentralised stablecoins, with Ethena’s TVL crossing $3 billion this week.
If you’ve been on Crypto Twitter this week, you will have seen a rush of different memecoins launching - all associated with different celebrities ranging from Caitlyn Jenner to Soulja Boy. Whilst celebrities promoting crypto related products is nothing new, a worrying trend with this string of launches is that there is evidence to suggest that the person behind the development and launch of these different tokens is allegedly a serial scammer.
Whilst it’s still a little unclear what has gone on here, whether it be a scammer swindling unsuspecting celebrities or whether it be celebrities jumping on the memecoin bandwagon and taking advantage of retail investors, it does serve as a prudent reminder to do your own research and not to rush any investment decisions - particularly when there are red flags surrounding these projects. As things stand, all of these recent celebrity-promoted
#Binance
#Genius_Ape_1
#imcooladi4u
#btcfreebox
#write2earn🌐💹
Shiba Inu Soars, Bitcoin Stalls, and Tooting Takes a Bite Out of Tradition
While Bitcoin struggles to gain momentum, Shiba Inu (SHIB) is making headlines with its growing adoption as a viable payment option. From movie theaters to luxury brands, SHIB is finding its way into more and more wallets. This surge in utility is coupled with the potential recognition of Shiba Inu's leadership within the Web3 space.
However, the market presents a mixed picture. Dogecoin (DOGE), another meme coin, has experienced a significant price drop, showcasing the inherent volatility of the crypto market. Meanwhile, across the pond in London, a historic market is embracing the future by accepting Bitcoin payments, potentially paving the way for wider adoption across the UK. Let's dive deeper into these developments and explore what they mean for the future of crypto.
#Binance
#RekomendasiTop5MemeCoin
#Genius_Ape_1
#imcooladi4u
#btcfreebox
While Bitcoin struggles to gain momentum, Shiba Inu (SHIB) is making headlines with its growing adoption as a viable payment option. From movie theaters to luxury brands, SHIB is finding its way into more and more wallets. This surge in utility is coupled with the potential recognition of Shiba Inu's leadership within the Web3 space.
However, the market presents a mixed picture. Dogecoin (DOGE), another meme coin, has experienced a significant price drop, showcasing the inherent volatility of the crypto market. Meanwhile, across the pond in London, a historic market is embracing the future by accepting Bitcoin payments, potentially paving the way for wider adoption across the UK. Let's dive deeper into these developments and explore what they mean for the future of crypto.
#Binance
#RekomendasiTop5MemeCoin
#Genius_Ape_1
#imcooladi4u
#btcfreebox
Bitcoin Halving: Brace for Impact
The Bitcoin market stands on the precipice of a significant event – the upcoming halving. Expected to occur this weekend, the halving will see the block reward for miners cut in half. While the long-term implications remain positive, analysts offer a mixed bag of predictions for the short term. Some anticipate a price surge, while others expect a period of adjustment as the market absorbs the change.
A recent report by JPMorgan throws a curveball, predicting a potential 20% decline in Bitcoin's hash rate – the computing power securing the network. This decline could be attributed to older, less efficient mining rigs becoming unprofitable after the halving.
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
The Bitcoin market stands on the precipice of a significant event – the upcoming halving. Expected to occur this weekend, the halving will see the block reward for miners cut in half. While the long-term implications remain positive, analysts offer a mixed bag of predictions for the short term. Some anticipate a price surge, while others expect a period of adjustment as the market absorbs the change.
A recent report by JPMorgan throws a curveball, predicting a potential 20% decline in Bitcoin's hash rate – the computing power securing the network. This decline could be attributed to older, less efficient mining rigs becoming unprofitable after the halving.
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
Mixed Signals in the Crypto Market: Bitcoin Stalls, Dogecoin Tumbles, Altcoins Find Pockets of Strength
This week, the cryptocurrency market presented a mixed bag of signals. While Bitcoin continues its struggle to break above $66,000, some altcoins are finding pockets of strength. Analysts remain divided, with some predicting a "summer of easing" for Bitcoin due to its potential as an inflation hedge, while others urge caution, highlighting the inherent volatility of the market.
Dogecoin (DOGE) paints a contrasting picture. The meme coin has witnessed a double-digit price decline in the past week, leading to a surge in long liquidations (forced selling by overly optimistic traders) and a rise in short positions (bets on a price decrease). Negative technical indicators and a funding rate skewed towards short sellers suggest a potential continuation of the downtrend. If the bears maintain control, DOGE's price could plummet to $0.11. This development serves as a reminder that even within a potentially bullish broader market, individual tokens can experience significant drops. Investors, particularly those considering DOGE or similar meme coins, should exercise caution and conduct thorough research before entering the market.
#Binance
#write2earn🌐💹
#Genius_Ape_1
#imcooladi4u
#btcfreebox
This week, the cryptocurrency market presented a mixed bag of signals. While Bitcoin continues its struggle to break above $66,000, some altcoins are finding pockets of strength. Analysts remain divided, with some predicting a "summer of easing" for Bitcoin due to its potential as an inflation hedge, while others urge caution, highlighting the inherent volatility of the market.
Dogecoin (DOGE) paints a contrasting picture. The meme coin has witnessed a double-digit price decline in the past week, leading to a surge in long liquidations (forced selling by overly optimistic traders) and a rise in short positions (bets on a price decrease). Negative technical indicators and a funding rate skewed towards short sellers suggest a potential continuation of the downtrend. If the bears maintain control, DOGE's price could plummet to $0.11. This development serves as a reminder that even within a potentially bullish broader market, individual tokens can experience significant drops. Investors, particularly those considering DOGE or similar meme coins, should exercise caution and conduct thorough research before entering the market.
#Binance
#write2earn🌐💹
#Genius_Ape_1
#imcooladi4u
#btcfreebox
🔥 How to earn on your crypto 🔥
Whether you’ve been in the crypto space for some time or you’re totally new, you can start earning on your crypto.
💯 Passive Rewards
Moving your crypto to a Passive Rewards account lets you earn rewards based on the amount of crypto you move to the account. Rewards are paid directly into your account on the 1st of each month.
🔒Staking Rewards
Staking is the process used by Proof-of-Stake (PoS) blockchains to verify and secure transactions on their networks. Participants put up or “stake” their crypto for a chance to validate transactions and earn staking rewards.
📶Active Rewards
Provides a way for you to earn on your crypto by subscribing to a strategy to earn rewards if you believe the price of crypto assets won’t go up significantly in the next week.
Each week, a new strategy sets a trigger price above the market value. If you believe the price will stay below, subscribe and earn rewards weekly.
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
Whether you’ve been in the crypto space for some time or you’re totally new, you can start earning on your crypto.
💯 Passive Rewards
Moving your crypto to a Passive Rewards account lets you earn rewards based on the amount of crypto you move to the account. Rewards are paid directly into your account on the 1st of each month.
🔒Staking Rewards
Staking is the process used by Proof-of-Stake (PoS) blockchains to verify and secure transactions on their networks. Participants put up or “stake” their crypto for a chance to validate transactions and earn staking rewards.
📶Active Rewards
Provides a way for you to earn on your crypto by subscribing to a strategy to earn rewards if you believe the price of crypto assets won’t go up significantly in the next week.
Each week, a new strategy sets a trigger price above the market value. If you believe the price will stay below, subscribe and earn rewards weekly.
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
#Wriite2Earn #btcfreebox
Future Short signal
#BTC's /USDT
Opan Short At :: 43.2k
Leverage 50x
Fund 1%
Need Hold
Dca Zone 45k
#BTC🔥🔥 #Write2Earn:
Future Short signal
#BTC's /USDT
Opan Short At :: 43.2k
Leverage 50x
Fund 1%
Need Hold
Dca Zone 45k
#BTC🔥🔥 #Write2Earn:
Hong Kong Embraces Bitcoin
Hong Kong is reportedly poised to approve the first-ever spot Bitcoin ETF by mid-April. This long-awaited development could significantly impact institutional investment within the Asian market, potentially leading to a surge in Bitcoin adoption
#Write2Earn
#Genius_Ape_1
#btcfreebox
Hong Kong is reportedly poised to approve the first-ever spot Bitcoin ETF by mid-April. This long-awaited development could significantly impact institutional investment within the Asian market, potentially leading to a surge in Bitcoin adoption
#Write2Earn
#Genius_Ape_1
#btcfreebox
Enjin Ventures into Real-World Assets
Blockchain company Enjin is making a move into the realm of real-world assets (RWAs) through a collaboration with musicians and other creative partners. Their project centers on limited-edition vinyl records with embedded NFC chips that unlock digital experiences when scanned. This initiative highlights the potential of blockchain technology to bridge the gap between physical and digital ownership, potentially offering new benefits for both creators and fans.
#Binance
#write2earn🌐💹
#Genius_Ape_1
#imcooladi4u
#btcfreebox
Blockchain company Enjin is making a move into the realm of real-world assets (RWAs) through a collaboration with musicians and other creative partners. Their project centers on limited-edition vinyl records with embedded NFC chips that unlock digital experiences when scanned. This initiative highlights the potential of blockchain technology to bridge the gap between physical and digital ownership, potentially offering new benefits for both creators and fans.
#Binance
#write2earn🌐💹
#Genius_Ape_1
#imcooladi4u
#btcfreebox
"The Valley of Prosperity", Children's Book on Bitcoin
"The Valley of Prosperity" by Arkadiusz Blazyca is a captivating children's book aiming to demystify Bitcoin and its role in the evolution of money. With a friendly dragon theme and vivid illustrations by Ewelina Oleksiak, the book spans 57 pages, delving into the origins of money, the gold standard, and the rise of fiat currencies. Set in a joyful valley ruled by King Invictus, the story narrates the consequences of abandoning the gold-backed currency, drawing parallels to historical events like President Nixon's departure from the gold standard. Blazyca introduces Bitcoin as a solution to chronic inflation, aligning with crypto critiques of central bank digital currencies. While suitable for ages 6 and above, adult guidance is recommended to navigate the complex topics presented, fostering meaningful discussions about the history of money. "The Valley of Prosperity" serves as an engaging resource for parents seeking a fun approach to explaining Bitcoin to their children and provides a concise summary of monetary history for adults.♥️👌
#BinanceTrends
#Genius_Ape
#imcooladi4u
#btcfreebox
#Write2Earn
"The Valley of Prosperity" by Arkadiusz Blazyca is a captivating children's book aiming to demystify Bitcoin and its role in the evolution of money. With a friendly dragon theme and vivid illustrations by Ewelina Oleksiak, the book spans 57 pages, delving into the origins of money, the gold standard, and the rise of fiat currencies. Set in a joyful valley ruled by King Invictus, the story narrates the consequences of abandoning the gold-backed currency, drawing parallels to historical events like President Nixon's departure from the gold standard. Blazyca introduces Bitcoin as a solution to chronic inflation, aligning with crypto critiques of central bank digital currencies. While suitable for ages 6 and above, adult guidance is recommended to navigate the complex topics presented, fostering meaningful discussions about the history of money. "The Valley of Prosperity" serves as an engaging resource for parents seeking a fun approach to explaining Bitcoin to their children and provides a concise summary of monetary history for adults.♥️👌
#BinanceTrends
#Genius_Ape
#imcooladi4u
#btcfreebox
#Write2Earn
Ethereum's Scaling Challenges
This week, the network celebrates a significant milestone with over 1 million validators and 32 million Ether, valued at approximately $114 billion, staked. This growth signifies increased confidence and participation in Ethereum's Proof of Stake mechanism, particularly as institutions such as Fidelity update their Spot Ethereum ETF applications to include staking, by which investors would not only get exposure to ETH but also earn rewards that are accrued by staking. Whilst Ethereum’s legal status has been subject to scrutiny by the SEC for a number of years now, this increased institutional backing suggests that there is some hope that that these ETF applications are approved - the only question is when.🔥
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
This week, the network celebrates a significant milestone with over 1 million validators and 32 million Ether, valued at approximately $114 billion, staked. This growth signifies increased confidence and participation in Ethereum's Proof of Stake mechanism, particularly as institutions such as Fidelity update their Spot Ethereum ETF applications to include staking, by which investors would not only get exposure to ETH but also earn rewards that are accrued by staking. Whilst Ethereum’s legal status has been subject to scrutiny by the SEC for a number of years now, this increased institutional backing suggests that there is some hope that that these ETF applications are approved - the only question is when.🔥
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
Global Spotlight
Looking at the wider market, we’ve also seen institutions become more comfortable with moving on-chain, as signalled by BlackRock’s new tokenized fund, BUIDL, leveraging Ethereum. The fund has attracted a remarkable $245 million in just one week after launch and is comprised of US Treasury bills, cash, and repurchase agreements, is represented by the BUIDL token, which is pegged to $1.
At the other end of the market, where tokens are represented by cartoon dogs and frogs, we’ve also seen Dogecoin get a renewed interest from retail crowds as speculators are beginning to position for the possible inclusion of DOGE on X (prev Twitter), as Elon Musk shared a short animation from user @DogeDesigner. This is not the first time that Elon has teased the Dogecoin community with cryptic messages on this topic and so this should be treated as speculative, with there being no confirmation of DOGE’s inclusion as a payment method to-date. As of time of writing, DOGE is up 40% on the week, trading at $0.21.🔥
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
Looking at the wider market, we’ve also seen institutions become more comfortable with moving on-chain, as signalled by BlackRock’s new tokenized fund, BUIDL, leveraging Ethereum. The fund has attracted a remarkable $245 million in just one week after launch and is comprised of US Treasury bills, cash, and repurchase agreements, is represented by the BUIDL token, which is pegged to $1.
At the other end of the market, where tokens are represented by cartoon dogs and frogs, we’ve also seen Dogecoin get a renewed interest from retail crowds as speculators are beginning to position for the possible inclusion of DOGE on X (prev Twitter), as Elon Musk shared a short animation from user @DogeDesigner. This is not the first time that Elon has teased the Dogecoin community with cryptic messages on this topic and so this should be treated as speculative, with there being no confirmation of DOGE’s inclusion as a payment method to-date. As of time of writing, DOGE is up 40% on the week, trading at $0.21.🔥
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
Airdrop Polyhendra Network for Web3 is coming, don't waste your time, you can get 1.000.000 token.
Lets joined🔥🍻🔥
s.binance.com/mUAdZ89l
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Lets joined🔥🍻🔥
s.binance.com/mUAdZ89l
#Genius_Ape_1
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#Write2Earn
US Committee Probes Meta's Crypto Involvement
The United States House Financial Services Committee is intensifying its scrutiny of Meta's involvement in blockchain and cryptocurrency, prompted by active trademark applications related to these domains since 2022. In a letter dated January 22, Maxine Waters, the committee's ranking member, addressed Meta's founder Mark Zuckerberg and COO Javier Olivan, questioning the discrepancy between the company's trademark filings and their denial of ongoing digital asset work in October 2023. Meta's previous plans for the Diem cryptocurrency and the Novi digital wallet have faced setbacks. Waters seeks clarity on Meta's response to Notices of Allowance for trademark filings, its projects related to Web3, cryptocurrency, and digital wallets, as well as its stance on stablecoins and distributed ledger technology within its metaverse. Meta has not yet responded to these inquiries.🔥🍻🤙
#BinanceSquare
#Genius_Ape
#imcooladi4u
#btcfreebox
The United States House Financial Services Committee is intensifying its scrutiny of Meta's involvement in blockchain and cryptocurrency, prompted by active trademark applications related to these domains since 2022. In a letter dated January 22, Maxine Waters, the committee's ranking member, addressed Meta's founder Mark Zuckerberg and COO Javier Olivan, questioning the discrepancy between the company's trademark filings and their denial of ongoing digital asset work in October 2023. Meta's previous plans for the Diem cryptocurrency and the Novi digital wallet have faced setbacks. Waters seeks clarity on Meta's response to Notices of Allowance for trademark filings, its projects related to Web3, cryptocurrency, and digital wallets, as well as its stance on stablecoins and distributed ledger technology within its metaverse. Meta has not yet responded to these inquiries.🔥🍻🤙
#BinanceSquare
#Genius_Ape
#imcooladi4u
#btcfreebox
North Korea's Crypto Attacks Soar
North Korea's cyber attacks on crypto platforms surged in 2023, hitting a record high of 20 incidents, as reported by Chainalysis. Despite an overall downturn in the crypto market, the country targeted more platforms than ever, though the total stolen amount decreased to just over $1 billion. Notably, North Korean hackers shifted focus to decentralized finance (DeFi) platforms, pilfering approximately $428.8 million, with reduced targeting of DeFi protocols. The decline in DeFi hacks contributed to a 54.3% drop in the total stolen funds in 2023. Chainalysis identified vulnerabilities in smart contracts and compromised private keys as prominent attack vectors in the DeFi space.
🔥🍻🤙
#BinanceSquare
#Genius_Ape
#imcooladi4u
#btcfreebox
North Korea's cyber attacks on crypto platforms surged in 2023, hitting a record high of 20 incidents, as reported by Chainalysis. Despite an overall downturn in the crypto market, the country targeted more platforms than ever, though the total stolen amount decreased to just over $1 billion. Notably, North Korean hackers shifted focus to decentralized finance (DeFi) platforms, pilfering approximately $428.8 million, with reduced targeting of DeFi protocols. The decline in DeFi hacks contributed to a 54.3% drop in the total stolen funds in 2023. Chainalysis identified vulnerabilities in smart contracts and compromised private keys as prominent attack vectors in the DeFi space.
🔥🍻🤙
#BinanceSquare
#Genius_Ape
#imcooladi4u
#btcfreebox
untuk BTC Hati hati ada koreksi lebih lanjut sesuai kan keinginan anda untuk menempuh target yang anda inginkan...........?
coba anda teliti dan koreksi grafik anda di ponsel masing sekali lagi teliti dengan jelas jangan hanya 5 menit anda melihat........?
coba saat ini anda amankan 50% untuk anda sell ..........................................................?
saya bukan pakar atau pun master trading ................,...........................?
saya hanya bisa mengingat kan hal ini kepada kalian semua .........................?
satu lagi.....!!!!!!!!!!!!
dan tolong jika prediksiku salah Blokir saya..........................................?
dan jika prediksi saya benar,saya tidak meminta imbalan tip besar dari anda ....................?
terimakasih semoga ini bermanfaat untuk kalian semua untuk berpikir lebih lanjut sebelum terjadi ( SALAM PROFIT )#BTC #BTCupdate #btcnews #btcsoaring #btcfreebox
coba anda teliti dan koreksi grafik anda di ponsel masing sekali lagi teliti dengan jelas jangan hanya 5 menit anda melihat........?
coba saat ini anda amankan 50% untuk anda sell ..........................................................?
saya bukan pakar atau pun master trading ................,...........................?
saya hanya bisa mengingat kan hal ini kepada kalian semua .........................?
satu lagi.....!!!!!!!!!!!!
dan tolong jika prediksiku salah Blokir saya..........................................?
dan jika prediksi saya benar,saya tidak meminta imbalan tip besar dari anda ....................?
terimakasih semoga ini bermanfaat untuk kalian semua untuk berpikir lebih lanjut sebelum terjadi ( SALAM PROFIT )#BTC #BTCupdate #btcnews #btcsoaring #btcfreebox
page 1.
Stablecoin Summer Is In Full Swing
Whilst “DeFi Summer” was all of the craze back in 2020, fast forward to today and we are on the verge of Stablecoin Summer - if this week’s news is anything to go by. From centralised stablecoins, to novel decentralised algorithmic stables, crypto’s most profitable business model is blossoming. From more productive stablecoin regulation being passed globally, helping open up the path to stablecoins become an everyday means of payments, to stablecoin businesses issuing more exotic forms of stablecoins - it’s safe to say stables have come a long way since 2020.
So what’s new this week and why are we on the verge of a Stablecoin Summer?
Seeking New Horizons:
From PayPal’s USD stablecoin (PYUSD) launching on Solana, to Agora Dollar (AUSD) launching on Sui, the past week has seen a number of different coins moving onto other blockchain networks. This is an important step for any stablecoin as it not only diversifies risk through not being reliant on any single network, but helps increase accessibility and adoption.
Not So Boring:
Stablecoins have historically been pretty basic in their functionality - i.e. they aimed to offer 1:1 redemption against their respective fiat currencies, but that was it. This has made them useful for payments and acting as a store of value, but they have never been as exciting as their more volatile cryptocurrency peers - and for good reason too, they are supposed to be stable! Yet, this hasn’t meant innovation has slowed down. This week, Paxos (a major stablecoin issuer) unveiled their yield-generating stablecoin Lift Dollar (USDL). Unlike many stablecoins, this stablecoin has programmatic daily yield, which is expected to be around 5% APY, backed by short-term U.S. government securities.
#Binance
#Genius_Ape_1
#imcooladi4u
#btcfreebox
#write2earn🌐💹
Stablecoin Summer Is In Full Swing
Whilst “DeFi Summer” was all of the craze back in 2020, fast forward to today and we are on the verge of Stablecoin Summer - if this week’s news is anything to go by. From centralised stablecoins, to novel decentralised algorithmic stables, crypto’s most profitable business model is blossoming. From more productive stablecoin regulation being passed globally, helping open up the path to stablecoins become an everyday means of payments, to stablecoin businesses issuing more exotic forms of stablecoins - it’s safe to say stables have come a long way since 2020.
So what’s new this week and why are we on the verge of a Stablecoin Summer?
Seeking New Horizons:
From PayPal’s USD stablecoin (PYUSD) launching on Solana, to Agora Dollar (AUSD) launching on Sui, the past week has seen a number of different coins moving onto other blockchain networks. This is an important step for any stablecoin as it not only diversifies risk through not being reliant on any single network, but helps increase accessibility and adoption.
Not So Boring:
Stablecoins have historically been pretty basic in their functionality - i.e. they aimed to offer 1:1 redemption against their respective fiat currencies, but that was it. This has made them useful for payments and acting as a store of value, but they have never been as exciting as their more volatile cryptocurrency peers - and for good reason too, they are supposed to be stable! Yet, this hasn’t meant innovation has slowed down. This week, Paxos (a major stablecoin issuer) unveiled their yield-generating stablecoin Lift Dollar (USDL). Unlike many stablecoins, this stablecoin has programmatic daily yield, which is expected to be around 5% APY, backed by short-term U.S. government securities.
#Binance
#Genius_Ape_1
#imcooladi4u
#btcfreebox
#write2earn🌐💹
Global Spotlight: Electric Vehicles Go Blockchain
Taking a broader look at the industry, a group of major electric vehicle (EV) manufacturers, including Tesla and BYD, have announced a groundbreaking initiative. These industry giants plan to develop a standardized system for integrating blockchain technology into their charging networks. This move aims to enhance transparency, efficiency, and security in EV charging transactions, potentially paving the way for wider blockchain adoption within the green energy sector.
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox
Taking a broader look at the industry, a group of major electric vehicle (EV) manufacturers, including Tesla and BYD, have announced a groundbreaking initiative. These industry giants plan to develop a standardized system for integrating blockchain technology into their charging networks. This move aims to enhance transparency, efficiency, and security in EV charging transactions, potentially paving the way for wider blockchain adoption within the green energy sector.
#Write2Earn
#Genius_Ape_1
#imcooladi4u
#btcfreebox