The year 2022 – “I will invest now and forget my investments until 2030,” said the average Joe, but ended up checking his crypto portfolio 30 times a day. The 2030 dream didn’t last for 20 or 30 weeks before he sold his holdings in disappointment. The ”I will hold the long term” is just an excuse for “I wish I can be a millionaire this year”.At first glance, the cryptocurrency market seems to be all about glam. News about truck drivers making millions with a $1000 investment provides comfort that anyone can pull off a similar feat. Also, news about the average Joe ‘making generational wealth’ through cryptos, is what could have made you enter the market.Once you’re in the market, reality hits different. It makes you feel you’re just one among the other millions of people out there with the same pipe-dream.The thoughts about ‘why am I not making it, while the others are’ quickly creep in. This one thought is enough to bring you down mentally, and cause financial anxiety as the months’ pass.If you’re a cryptocurrency investor, there’s no way you can escape the- ‘charts, numbers, green, red, dips, bull run, bears’, among others.Accept it, being a crypto investor is stressful and can make you feel like a 50-year-old despite you being 25.The number game can drag you down and mentally block your ability to think about anything else. Happiness now solely gets tied to one single-goal post that is to make money in cryptos. The other things that made you feel happy in life previously take a beating.Crypto stress is sometimes too much to bear as it’s not satisfying your financial aspirations. Here are 3 tips on how to remain calm as a crypto investor and cut through the anxiety.1. Avoid telling your Friends you’ve Invested in CryptoIf you tell you’re friends you’ve invested in cryptos, the topic about it would pop up every time you meet them. This creates further pressure as you now have to explain how the coin is performing. It scratches the surface of your ‘dream to be rich’ and makes you feel annoyed when you get back home.Now think about it, the topic might again repeat next week when you meet them. The process becomes frustrating as you can’t explain that your investments have not reached ‘the moon’ yet.Your investments are yours alone and avoid telling it to the world. This will keep you at peace and you no longer have to explain anything to anyone about your finances.2. Find Something That Makes you HappyRemember how happy you felt when you brought that new shoes of yours or any other thing that matters to you? Unfortunately, that happiness is now solely tied to cryptos only. Untie it, find something that can make you happy and distract you from the market happenings. Search for things that make you happy in different ways and dive towards them.Keep investments as ‘just another part of your happiness’ and not fully centered towards it. This will indeed ease your burden and make you feel mentally free, which is the need of the hour.3. Avoid Checking the ChartsCharts are the first thing you see in the morning, afternoon, evening, and night. We understand it’s extremely hard to resist seeing the charts, (as we do it 13 times a day or more). It adds up to the already pent-up burden on your shoulders.Avoiding the charts can reduce more than half of the stress that plaguing you. It’s the secret recipe to find peace in a world dominated by numbers. If you can get away from the charts and check its price every day, my man, you’ve truly made it in the crypto world.#InvestingAdventure #dyor

Hamster Kombat has officially released its whitepaper and has dedicated 60% of the total HMSTR Token supply for airdrop participants.
After a long wait from the global community, the popular game Hamster Kombat has officially released its Whitepaper and airdrop plans. According to the announcement, 60% of the total supply of HMSTR tokens will be allocated for the airdrop. The project team claims that this will be the “largest airdrop in crypto history.” The remaining 40% will be reserved for liquidity provision, partnerships, ecosystem support rewards, and other purposes.
In the Whitepaper, Hamster Kombat asserts that “the project has not received funding from venture capital firms in the crypto space, thus avoiding token sell-off pressure.” The team explains that “Hamster Kombat is already a profitable business and does not need to sell tokens.”
Beyond the tokenomics announcement, Hamster Kombat also revealed upcoming upgrades to attract more players and plans for a second airdrop season in the future.

Success of Hamster Kombat
Hamster Kombat is a Web3 game played directly on Telegram, known for its easy Tap-to-Earn mechanism that allows players to earn passive income. Players simply tap the hamster in the app and complete tasks to earn in-game tokens, which can be converted or received as HMSTR tokens during airdrop events, similar to games like Pixelserve or Notcoin (NOT) from Binance Launchpool.
Despite its simple gameplay, Hamster Kombat has garnered a large fan base. According to developers, the game currently has 50 million daily active users across 190 countries, with a total of 300 million players, while Telegram has 900 million users.
Recently, the project has faced some unexpected issues from the Iranian authorities and its community of 300 million players.
Hamster Kombat follows in the footsteps of Notcoin and Pixelserve by implementing airdrop plans with the “Tap to Earn” mechanism. Given its large community, Hamster Kombat’s listing on major exchanges like Binance or OKX is highly feasible.
Although the team initially planned the airdrop for July, it seems the plan will be postponed until August.
#HamsterKombat #Dyor2024

OKX to announce that USDT-margined pre-market futures for HMSTR will be enabled at 10:00 am UTC on Aug 1, 2024.
Buy HMSTR on OKX Here!!!
Pre-market futures contract:

OKX Pre-market Futures differs from the standard OKX expiry futures in some product mechanisms. Tiered position limits and user-specific position limits are as follows:
For details on trading rules such as limit prices and tier levels, please refer to the Introduction to Pre-market Futures.
Tiered position limits

User-specific position limits

User typePosition limit (contracts)USDT-margined futures DMM user50,000Non USDT-margined futures DMM user5,000
Pre-market Futures:
OKX Pre-market Futures allows you to trade expiry futures on crypto that have not yet been officially listed. These pre-market futures are USDT-margined and are usually delivered before the new crypto is listed on the spot market. OKX has introduced the pre-market futures trading feature to provide users with a safe and reliable platform for participating in the price discovery of new cryptocurrencies.
Hamster Kombat is a tap-to-earn game mixed with a crypto exchange simulator. In Hamster Kombat, players are the CEO of an up-and-coming crypto exchange, and it’s their job to grow the exchange to new heights never before seen. in the world of hamsters. In order to do so, players tap a golden coin to earn coins, and then use those coins to buy upgrades for their exchange.
Asset name: Hamster Kombat
Ticker: HMSTR

#HamsterKombat #Bitcoin_Coneference_2024

XRP surge 6 bullish factors
Interest in the crypto market has grown because of Ripple (XRP), the cryptocurrency connected to the digital payment system.
Recent events have led market experts to spot several positive factors that could push XRP to new highs. Among these experts, Alex Cobb has pointed out six key elements that hint at a coming price jump for XRP.
The cryptocurrency market has closely watched XRP’s performance, especially given recent legal issues and market changes. Despite facing an 8.92% drop on July 18 after testing the $0.63 level, XRP has bounced back and is now trading at $0.6064.
Six Key Factors Pointing to an XRP Price Blast

1. Monthly trendline resistance break

One of the most essential technical signs spotted by experts is XRP’s recent break above monthly trendline resistance. This trendline was part of a six-year triangle pattern, and the breakout is bullish.

2. Seven-year RSI trendline break

Traders use the Relative Strength Index (RSI) tool to check if an asset is overbought or oversold. XRP’s monthly RSI has recently broken above a seven-year resistance trendline and a 27.11% price increase this month. Many analysts see this as a strong, bullish sign.

3. XRP/BTC ratio rebound

The XRP/BTC ratio, which measures how XRP is doing compared to Bitcoin, has shown a big comeback. After falling 68% from November 2023 to June 2024, the ratio has recovered, with XRP outpacing Bitcoin by 36% since June.

4. XRP market dominance recovery

XRP’s share of the overall crypto market, which had been falling for ten months in a row, has shown signs of recovery. From a low of 1.05% on June 7, 2024, it has bounced back by 38.23% to 1.45%.

5. Potential XRP ETF launch
The idea of an XRP Exchange-Traded Fund (ETF) has been exciting for the crypto community. Recently, 21Shares showed interest in launching an XRP ETF, which could bring more big investors and make buying and selling XRP easier.

6. SEC Case Decision
The legal battle between Ripple and the SEC is almost over. Ripple’s CEO, Brad Garlinghouse, said the case will be resolved by the end of summer, which could clarify rules and increase trust in XRP.
These six factors have led experts like Alex Cobb to suggest that selling XRP now would be unwise. Technical improvements, better market performance, and potential new developments make XRP’s future look promising.
#ETH_ETFs_Trading_Today #XRPGoal

Bitcoin has surged to $66,000 following an announcement from the mayor of Jersey City on Thursday.
The city, the second largest in New Jersey, is considering allocating a portion of its pension fund to Bitcoin ETFs.
“The question of whether cryptocurrencies/Bitcoin have staying power has largely been answered,” Mayor Steven Fulop stated in a Twitter post. “Cryptocurrencies/Bitcoin have prevailed.”
Fulop revealed that Jersey City’s Employee Retirement System, a pension plan for city employees, is currently updating its paperwork with the U.S. Securities and Exchange Commission (SEC) to allocate one percent of its funds to Bitcoin ETFs.
He further explained his intention to increase this allocation to 2%, mirroring an investment made by Wisconsin’s state pension fund earlier this spring. Fulop expects this move to be finalized by the end of the summer.
“I am confident that this will eventually become more widespread,” the mayor commented on other local and state pension funds adding cryptocurrencies to their investment portfolios. “I believe blockchain is one of the most significant technological advancements since the internet.”

This announcement comes as Fulop seeks to secure support for his bid to become the next governor of New Jersey. Although the election isn’t until November 2025, the Democratic primary is already attracting several prominent candidates.
In recent months, signaling support for cryptocurrencies has quickly become a strategy for garnering significant campaign contributions from crypto-friendly companies and executives. Fairshake, an industry super PAC, has amassed around $203 million in this election cycle, making it the largest independent political spender in 2024.
This level of funding seems to have shifted the previous political calculations. In recent months, former President Donald Trump has moved from an ambiguous stance on cryptocurrencies to becoming a staunch supporter of the industry. On Saturday, Trump is set to speak at the Bitcoin Conference in Nashville.
The Democrats appear to be taking note. Vice President Kamala Harris’s team reached out to Mark Cuban with numerous questions about cryptocurrencies within 48 hours of her presidential campaign launch.
#Bitcoin_Coneference_2024 #MtGoxJulyRepayments

Bitcoin fell to $64,000 as the market feared that Mt. Gox's repayment would trigger substantial selling pressure.
A whopping $2.5 billion worth of Bitcoin was transferred between unidentified wallets, shedding light on the ongoing repayment activities of Mt. Gox.
Unraveling the Mystery of Major BTC Transfers
Recently, the cryptocurrency community witnessed a massive Bitcoin transfer, with 37,477 BTC, valued at over $2.5 billion, moving between unknown wallets. Such significant transactions often spark speculation and concern, especially when the origin and destination are unclear. Insights from Arkham Intelligence provided a plausible explanation, linking both wallets to the infamous Mt. Gox exchange.

Mt. Gox: From Dominance to Bankruptcy
Once a powerhouse in the cryptocurrency exchange realm, Mt. Gox played a pivotal role in the early days of Bitcoin trading. Originally a platform for Magic: The Gathering cards, it transformed into the largest Bitcoin exchange by 2010. Handling over 70% of Bitcoin transactions in 2014, its prominence was short-lived due to severe hacking incidents resulting in substantial BTC losses and eventual bankruptcy. Today, Mt. Gox remains in the spotlight for various reasons, notably its ongoing efforts to repay creditors following its collapse.
Current Repayment Efforts: A Closer Look
In recent developments, the exchange has been actively transferring Bitcoin as part of its creditor repayment plan initiated in July 2024. Today’s transfer of 37,477 BTC appears to be a part of this broader effort to settle debts. Other notable transactions include the transfer of 2,239 BTC to Bitstamp, 1,545 BTC to Bitbank, and 48,641 BTC to a wallet associated with Kraken.

Market Impact and Bitcoin Price Fluctuations
The sheer scale of these Bitcoin movements has not gone unnoticed by the market. Bitcoin’s price dipped slightly by 1.3%, stabilizing at around $66,666. Such fluctuations are common as the market reacts to substantial inflows and outflows. Analysts suggest that the continuous liquidation of large BTC amounts could exert downward pressure on Bitcoin prices in the near term.
Conclusion
These recent transfers highlight Mt. Gox’s ongoing repayment strategy post-bankruptcy, underscoring the complexity and market impact of liquidating substantial cryptocurrency assets. As the exchange fulfills its repayment obligations, the cryptocurrency market must brace for potential volatility and price adjustments.
#ETH_ETFs_Trading_Today #MtGoxJulyRepayments

Bitcoin is currently trading at $65,700, having slightly declined from its peak of $68,400 on July 22. On-chain data indicates that Bitcoin mining revenue has nearly reached the annual average, suggesting that miners' capitulation may soon come to an end.
Bitcoin miners’ revenue is approaching the 365-day SMA
In a recent post on X, analyst James Van Straten explored the current state of Bitcoin miners. There are several ways to assess miners’ situations, with hashrate being the most common. Hashrate measures the total computational power connected to the Bitcoin network.
However, the analyst focused on the total daily revenue of these network validators. Miners’ revenue comprises two main components: block subsidies and transaction fees.
Total Miner revenue is roughly $35M, and the 365(SMA) is roughly $40M.This is another way to show the miner capitulation is almost over, once it reclaims the 365SMA and #Bitcoin can continue to trend higher. pic.twitter.com/slTiLoz670— James Van Straten (@jvs_btc) July 22, 2024

The block subsidy refers to the BTC rewards miners receive as compensation for solving blocks on the network, while transaction fees are payments users attach to individual transactions. Historically, block subsidies have constituted a much larger portion of miners’ revenue compared to transaction fees.
The chart below illustrates how Bitcoin miners’ total revenue has evolved over the past few years. As shown, Bitcoin mining revenue began to rise with the price surge starting in October last year, reaching an all-time high (ATH) in April this year.
This increase occurred for two reasons. First, block subsidies, which are given in BTC, are typically fixed in both value and cycle, so the only variable affecting them is the USD price of the asset. Consequently, it makes sense that revenue would increase as the price rises.
Simultaneously, the network became busier due to heightened market traffic during the price surge. Transaction fees depend on blockchain conditions, given the limited space in blocks. This space naturally becomes more expensive as competition to transfer funds intensifies.
The spike to ATH revenue was particularly driven by the introduction of Runes, a new on-chain technology that allows users to mint fungible tokens. Transactions involving Runes are similar to any other transactions on the network, thus impacting the network’s economy as well.

The chart reveals that miners’ revenue plummeted sharply right after reaching this ATH, with values falling below the 365-day simple moving average (SMA).
The reason behind this is the fourth Halving event. While block rewards remain constant most of the time, Halving events are the exception. Occurring every four years, these events permanently cut block rewards in half, significantly altering miners’ revenue.
Since this reduction, Bitcoin mining revenue has stayed below the 365-day SMA, exerting pressure on many miners and forcing some to capitulate.
However, with the latest recovery, miners’ revenue has risen to $35 million, not far from the annual average of $40 million. Van Straten noted, “This is another way to indicate that miners’ capitulation might be nearing its end.”
According to the analyst, if this metric can reclaim the 365-day SMA, Bitcoin might continue to trend higher.
#Bitcoin_Coneference_2024 #BinanceTurns7

Your guide: How are Bitcoin ETFs Taxed?
Exchange Traded Funds (ETFs) that hold Bitcoin are becoming more popular as a way to invest in Bitcoin without actually holding the cryptocurrency.
Although, Bitcoin ETFs have tax effects, just like any other investment. Knowing how Bitcoin ETFs are treated can help you make smart choices and keep you from being surprised when it’s time to pay your taxes. The main parts of Bitcoin ETF taxation are broken down clearly and easily in this guide.

How Bitcoin ETFs are Taxed
Most Bitcoin ETFs are set up as grantor trusts. So, the ETF holds Bitcoin as its underlying asset, and the value of the ETF shares is equal to the value of the Bitcoin owned. The way Bitcoin ETFs are taxed is similar to how grantor trusts are taxed. This makes the tax effects simple but important to understand.
Gains and Losses on Capital
You might make or lose money when you sell Bitcoin ETF shares. These are either short-term or long-term, based on how long you plan to hold them.
When you sell Bitcoin ETF shares held for more than a year, you qualify for long-term capital gains, taxed at a lower rate. Selling shares held for less than a year results in short-term gains, taxed at regular income tax rates.

Taxes on Bitcoin ETFs
In most cases, the tax rate on long-term capital gains is less than the tax rate on short-term profits. According to your income, you pay taxes on long-term capital gains at 0%, 15%, or 20% rates.
Paying taxes on short-term capital gains is the same rate as other income, which can be as high as 37%. By knowing these rates, you can figure out when to sell your Bitcoin ETF shares so that you pay the least amount of taxes.
Bitcoin ETFs that are good for taxes
Most of the time, Bitcoin ETFs are better for your taxes than owning Bitcoin directly. This is because the structure of the ETF can help keep capital gains payments as low as possible. Even so, it’s still very important to know how your investment will affect your taxes. You can make tax-smart choices by keeping an eye on your goods and how they’re doing regularly.
Think about taxes
In addition to capital gains taxes, if your income goes over certain levels, you may also have to pay the Net Investment Income Tax (NIIT). NIIT is an extra 3.8% tax on the money you make from investments, like Bitcoin ETF returns. When figuring out how much tax you might have to pay on Bitcoin ETF investments, this is something you should keep in mind.

Tax Reporting and Filing
On your tax return when it’s time, you’ll need to list the Bitcoin ETF trades you made. Your broker will give you a Form 1099-B that lists all of your trades and helps you figure out whether you made or lost money on your investments. To make filing your taxes easier, make sure you keep good records of all the deals you make throughout the year.
Conclusion
What about taxes on Bitcoin ETFs? It is important to keep in mind the effects of capital gains, the tax rates for short-term and long-term gains, and the Net Investment Income Tax.
Knowing about these things can help you make better financial choices and get ready for tax time. Bitcoin ETFs can be a tax-efficient way to invest in Bitcoin, but it’s important to stay aware and make plans ahead of time. By doing this, you can get the most out of your investments while also paying the least amount of tax.
#ETH_ETF_Approval_23July #BinanceTournament

What is a Multisig Wallet? How can you create a Multisig Wallet to store digital assets? In this article, let's explore with @Learn_With_Fullo !
What is a Multisig Wallet?
A Multisig Wallet (multi-signature wallet) is a type of wallet that uses a single digital signature which requires more than one private key to sign and authorize a transaction. In some cases, multiple keys can combine to create a single signature. Although multisig technology existed long before cryptocurrency, it is often associated with the advent of Bitcoin. Multisig technology was first applied to the Bitcoin network in 2012, leading to the widespread adoption of multisig wallets the following year.
Multisig wallets are essential for organizations, projects, and blockchain-based applications that need to engage in more complex cryptocurrency transactions.
How Does a Multisig Wallet Work?
We can envision a safe with two locks and two keys. One key is held by A and the other by B. The only way to open the safe is by providing both keys simultaneously, so neither person can open the safe without the consent of the other.
Similarly, funds stored at a multisig address can only be accessed using two or more signatures. Therefore, using a multisig wallet allows users to add an extra layer of security to their assets.
Why Use a Multisig Wallet?
Increased Security: Multisig wallets offer a higher level of protection compared to single-signature wallets (singlesig). Hackers find it much more difficult to obtain all the necessary keys to withdraw funds from a multisig wallet. Just as multisig wallets reduce reliance on a single person, they also reduce the risk associated with a single device. For example, if a device holding the only private key is damaged, the owner may lose access. However, by storing multisig keys on multiple devices, the risk of losing private keys is significantly reduced.Escrow Transactions: Traditionally, escrow is a legal arrangement where a third party holds funds until certain conditions are met. A 2-of-3 multisig wallet allows a third party to participate in escrow transactions between two parties (A and B). In the event of a dispute, a mutually trusted third party (C) can intervene and make the final decision.Two-Factor Authentication (2FA): Multisig wallets can also serve as a form of two-factor authentication since users can keep private keys on different devices. However, there are risks involved in using multisig for 2FA, such as losing a key on one device, which would prevent the user from recovering their assets.Controlling Access to Shared Assets: Similar to using multisig technology for escrow, multisig wallets can control access to a company’s shared funds. For example, if a company sets up a wallet that requires 4 out of 6 signatures to unlock, no individual can access and misuse the funds. Access can only be granted with the agreement of the majority of key holders.
Disadvantages of a Multisig Wallet
While multisig wallets offer many advantages, they also present a few drawbacks for users:
More Complexity: Using a multisig wallet can be more complicated than using a regular cryptocurrency wallet. Setting up and managing the signatures requires technical knowledge and understanding of blockchain.Difficulty in Changing Methods: Changing the operational methods of a multisig wallet must be done carefully and with the consent of all key holders, which can cause unwanted issues during the process.Higher Costs: Using a multisig wallet may involve higher transaction fees compared to regular cryptocurrency wallets, due to the need to create and manage multiple signatures.
Some Popular Multisig Wallets
Multisig wallets are very popular in the market. Although they have a complex mechanism and primarily serve organizational customers, multisig wallets are increasingly integrated into many wallet platforms. Some wallet applications that support multisig include:
Safe (Gnosis Safe): A smart contract wallet that allows users to store assets on the Ethereum blockchain.Electrum: One of the oldest and most reliable multisig wallets for Bitcoin. The wallet interface is very convenient and easy to use due to its simple payment verification feature.Armory: A cold wallet for Bitcoin on computers, using decentralized lockbox technology to minimize wallet hacking issues. Armory has high security, allowing users to create and store private keys.BitGo: Supports popular multisig features with many users and is considered a leader in blockchain security. Wallets typically require three to six private keys to perform a transaction, with a relatively long time frame of 30 to 60 minutes.
Guide to Creating a Multisig Wallet
Below, @Learn_With_Fullo provides a guide to creating a Safe wallet.
Step 1: Access Safe and connect your MetaMask wallet (you can use a wallet other than MetaMask).

Conclusion
Cryptocurrency wallets allow you to store and transfer cryptocurrency by creating and using private keys. In the evolving world of cryptocurrency, where hacking attacks are prevalent, losing a private key means losing access to your cryptocurrency.
To enhance the security of cryptocurrency wallets, multisig wallets have been developed, offering many advantages but also some disadvantages. It is important to understand them overall to use them in appropriate cases.
Through this article, @Learn_With_Fullo has introduced what a multisig wallet is and how to set it up. If you have any questions, leave them in the comments section to get answers right away!
#Megadrop #BinanceTurns7

The cryptocurrency world is currently reeling from a bearish onset of the market. With Bitcoin hitting the $56K level, several altcoins have responded to BTC’s low price pace, diluting further into the mix. However, the current scenario has yet to impact the hopeful hearts of several crypto enthusiasts. One such analytical platform has predicted a noteworthy path, detailing why the Q4 crypto pump is already brewing and is inevitably coming.

Three Reasons Why Q4 Is Brewing A Huge Crypto Pump
According to Empire Crypto Trading on X, there are several key reasons hinting at a potential crypto pump to sweep over the space in Q4. Some of the most popular reasons are listed below.
BRICS and Cryptocurrency
The platform noted that BRICS nations are busy building their currency systems. Once launched, the currency is bound to weaken US dollar demand, helping Bitcoin soar to new heights. The reason for this change is the direct correlation of Bitcoin with the US dollar.

“BRICS launching their own currency for cross-border trade: This will take a lot of demand from the US dollar, essentially making it weaker. Bitcoin is heavily correlated to the US dollar, meaning when the dollar comes down, BTC tends to trend up and vice versa.”

Election Years and Q4 Pump
The platform further outlined the second reason, detailing the bubbling Q4 cryptocurrency pump. Talking at length, Empire Crypto Trading reiterates how election campaigns have always had a history of delivering a stellar Q4 in the last 73 elections. With BTC closely linked with the stock market, changing governments, especially with the odds of Trump winning the elections, are fueling hopes for America to become a crypto-centric nation.
“Election year: In the last 73 election years, we have seen a Q4 pump into the stock market. Stock markets are also used as a political tool, as much as they won’t admit it. If money goes into stocks, it signals growth. Which makes the candidate look better as it makes it look like the company is growing. BTC follows SP500 and Nasdaq with up to 87% correlation.”
Hedge Against Dollar Decimation
With a new multipolar currency narrative emerging from all corners, the US dollar is consistently weakening in its course. The weak demand for the USD is helping users pivot towards gold and BTC, effectively using them as a hedge against a frail US dollar. This can in turn bolster the influx of funds into the crypto realm, capable of delivering robust Q4 crypto pump results.

“As the dollar may weaken quite heavily. Gold and BTC will be looked at as stores of value by larger institutions to reduce their losses as the dollar gets weaker. Yesterday alone, we saw a $300 million inflow into the BTC ETF. While the price was making a negative market structure (accumulation).
#US_Job_Market_Slowdown #CPI_BTC_Watch