When the hype passed, people who missed the chance to rise on this gloated a lot and laughed at crypto enthusiasts, nothing will come and our time will come again))
The joke was like this "-I know how to bring down Bitcoin -How? “I need to buy at least one.” A very life-like anecdote, because no matter what I undertake, everything goes awry)))
Call from an unknown number Girl's voice: - Good afternoon. Is this Dmitry? Me: - Yes. Girl: - My name is Angela. Uchen Lochen Trachen Company. We offer you a very profitable business. Me: - What kind of business? Angela: - We discuss the details at the meeting. Our company invests in securities, precious metals, cryptocurrency and other highly liquid assets. We offer our clients income from 20 to 40% per month. Dmitry, can you imagine? 40% per month. Do you want to earn 40% per month? Me: - Oooh... Uuuu.. This can't be. Of course I want! Angela: - What income do you want to receive? 20%? thirty%? 40% month? Me: - Wait...40% per year or 40% per month? Angela: - Per month!!! Dmitry, 40% per month!!! Me: - Well, I don’t give a damn!!! I'm sorry. Wow!!! Angela: - Look...If you invest $10,000, then you have an income of 20% per month, if $30,000, then 30% per month, if $50,000, then 40% per month. Well, what do you say? How much are you willing to invest? And then we will discuss all the details when we meet. Me: - Angela, what if we start with 56 dollars and meet you in the sauna? Angela: - In the sauna??? And why from 56 dollars? Me: - Look, Angela. If I invest $50,000 in your business, then with a 40% return, my monthly earnings will be $20,000. In a day I will earn approximately 667 dollars, in an hour – 28 dollars. Thus, it’s not me, but you, who can earn 40% per month without investing anything, and at the same time, instead of 2 hours of work, you will have relaxation in the sauna, erotic massage and other pleasures. By the way, what are your company details and website address? Angela: - Well... The site is currently under development, and the details... Let me call you in a couple of days and let you know. I am OK. Agreed.
Bitcoin ETF activity has reached a record. What's happening in the market.
Two months after the launch, the assets of nine leading spot exchange-traded funds (ETFs) based on Bitcoin exceeded 300 thousand BTC, or $17 billion, The Block reports, citing data from analysts K33 Research. Yesterday, February 26, nine leading Bitcoin ETFs also set a record for trading volume. The BlackRock exchange-traded fund's total daily trading volume was $2.4 billion, surpassing the previous record set on the instrument's first day of trading.
Another Ethereum wallet has come into action after 8.5 years of inactivity.
On February 27, a wallet containing 238 ETH ($776,000 at the time of writing) woke up after 8.5 years of inactivity.
The user moved 1 ETH to the new address, paying a fee of $3.37. The address received its coins during the Ethereum ICO at a price of $0.31. At the time of writing, ETH is worth $3,262, according to CoinGecko. The daily increase is 6.5%. Let’s remember that last week another unknown user transferred 1,732 ETH (~$5.15 million) to the Kraken crypto exchange after 8.5 years of inactivity. Earlier, Amberdata analysts said that Ethereum will outpace Bitcoin in terms of growth due to its fundamental advantage. The Dencun update is scheduled to roll out on the Ethereum mainnet on March 13th.
Grayscale: Ethereum will “mature” after the launch of Dencun.
Despite the growing competition among blockchains, the launch of the Dencun update will help Ethereum “mature” by reducing transaction fees and increasing the scalability of the network. This is stated in a report by Grayscale Research. According to analysts, the protocol is ready to take advantage of the update, which, along with other factors, makes it more modular.
Bitcoin funding rates have reached 100%. What does it mean.
For the first time since March 2023, annual funding rates for perpetual Bitcoin futures contracts reached 100%, creating favorable conditions for cryptocurrency hedge funds to arbitrage, Coindesk writes. The Bitcoin (BTC) rate increased by more than 10% from February 26 to February 27 and exceeded $57 thousand on the Binance exchange paired with the USDT stablecoin. The historical maximum price of Bitcoin was recorded on November 10, 2021 at $68.7 thousand. The last time the first cryptocurrency traded above $57 thousand was then, in November 2021, after reaching its peak.
Founder of Pantera Capital: “Expect a strong rise in the crypto market in the next two years”
Dan Morehead said that the company has already experienced “three crazy cycles” - the rapid rise of the crypto market and its fall. Now the digital asset market is at the beginning of the fourth big cycle, the businessman is sure. The 2022 stock market crash had a huge impact on large companies, which began to pull back from investing in private markets, says the founder of Pantera Capital. With the stock market now back at record highs, institutions may once again be turning their attention to the private markets. This is another prerequisite for the rise of cryptocurrencies in the next two years. “It is expected that the double reduction in the reward to miners will occur at the end of April 2024. Investments in Bitcoin by large legal entities are growing after the appearance of spot Bitcoin ETFs in the United States. We believe the combination of these positive factors will provide a strong tailwind for the next bull rally. In addition, legislators are seeking to clarify the regulation of cryptocurrencies,” says Dan Morehead. Earlier, the head of Pantera Capital said that the collapse of the FTX crypto exchange does not mean the failure of the blockchain and Bitcoin, since there are many regulated trading platforms in the industry.
Shiba Inu is gearing up for its next phase of growth with the launch of the Sheboshi NFT collection.
The developers of Shiba Inu (SHIB) do not stop there and are already planning the next stage of ecosystem development. The recent launch of Sheboshi attracted the attention of not only crypto enthusiasts, but also skeptics, who regarded it as an attempt by developers to profit from community members. Shiba Inu is waiting for a number of updates Influencer Shiba Inu Lucie shed some light on the matter, highlighting that the developers had more serious intentions than just making a profit. She said the latest initiatives were part of a broader strategy to develop the ecosystem. “This is not a pump scheme! We have big plans ahead, including the Shiba Eternity P2E line. We know traders are jumping on the hot new DN404, but for us true Shiboshi holders, price doesn't matter." In recent months, the Shiba Inu team has been working hard to take the project beyond memcoins, focusing on practical benefits. As part of this endeavor, various projects have emerged, such as the Shibarium network and the blockchain identity initiative SHIB Identity. The buzz around Sheboshi coincided with a noticeable increase in transaction volume on the Shibarium network. ShibariumScan data showed a surge of up to 3.95 million transactions, indicating growing user interest and engagement. The SHIB burn rate has skyrocketed 166% in the past week. At the same time, TVL Shibarium crossed the important milestone of $1 million, with more than half of the blocked funds coming from the MARSWAP decentralized exchange. However, the figure is still well below the all-time high of $1.47 million recorded in August 2023.
The crypto blogger named coins with growth potential of up to 100x.
Blogger Rekt Fencer, popular in the crypto community, believes that there are many coins on the market on which you can earn 10-100 x in 2024. He shared a list of promising cryptocurrencies, in his opinion, with the subscribers of his X. The blogger divided all the coins into categories, depending on the direction in which the crypto project is engaged. Here's the list of cryptocurrencies that Rekt Fencer believes can earn up to 100x in 2024: Blockchain games with earning tools (GameFi): XAI, PIXEL, MAVIA, CHR, MAGIC, RON, GALA, BIGTIME, ALICE, SIPHER, WILD, OAS Artificial Intelligence: AI, NMT, TAO, AGI, PAAL, AGRS, AKT, FET, PRIME, ORAI, ABT, GHX, OPSEC Decentralized Physical Infrastructure Networks (DePIN): RNDR, NODL, HONEY, RLC, AR, STORJ, FIL, OCEAN Second level solutions (Layer 2): MNT, METIS, MANTA, IMX, STRK DeFi protocols based on liquid staking derivatives (LSDFi): PENDLE, LDO, JTO, TENET, PRISMA, RSTK, EIGEN Tokenization of real assets (RWA): ONDO, PRCL, DUSK, TOKEN, RIO, SNX, CFG, POLYX Bitcoin ecosystem: STX, ORDI, MUBI, SATS, RATS, TRAC, SOV Perpetual swaps (Perps): AEVO, SATORI, AARK, VRTX, DYDX The crypto blogger chose coins from the designated categories because he sees prospects for the development of these areas in 2024. For example, the growth of the perpetual swaps market, in his opinion, will be facilitated by the gradual transition of traders from centralized to decentralized exchanges.
"Displacement of interest." What will happen to Bitcoin in the next week?
The opinions of experts may not coincide with the position of the editors. RBC-Crypto does not provide investment advice; the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses. On Sunday, February 25, Bitcoin (BTC) was trading at $51.7 thousand, its price returned to the values of the end of the previous week. Experts analyzed the market situation and assessed the prospects for Bitcoin exchange rate movements over the next seven days. "The big picture is on the buyers' side"
A MINUTE OF HUMOR: Bitcoin, around which everything revolves: a review of memes.
The end of the next five-day week is a great time to remember which posts lifted the spirits of the crypto community members during this working week For a beginner, buying cryptocurrency can be a challenge. We helped - we told you how to buy Bitcoin directly from your card.
BTC all-time high: cryptocurrencies are showing mixed dynamics.
Bitcoin From February 16 to February 24, the price of Bitcoin decreased by a little more than 2%. After BTC reached $53,000 on February 20, a slight correction began and at its lows the price reached $50,500. Now it is around $51,000. While Bitcoin has declined in American currency over the past week, and is still quite far from reaching its all-time high in dollars, BTC has already reached it in other countries. Of course, for the most part these are either countries on the African continent or those where inflation is extremely high (Argentina, Turkey). The most notable in this regard is one of the strongest economies in the world - Japan. This information was shared on social network X by a user under the pseudonym Balaji.
Investment idea: Token with 2-3 times growth potential.
RBC-Crypto does not provide investment advice; the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses. Let’s look at a coin from the top 50 of the Coinmarketcap rating, which has not yet proven itself strongly in the current market growth, but at the same time has good potential for investment. Aptos (APT) is a native token of the blockchain of the same name with high throughput, which is achieved through parallel verification and processing of operations. The Aptos blockchain is built on its own programming language, Move. In March 2022, the Aptos project received support from many large funds, including Binance Labs, Andreessen Horowitz (a16z), Multicoin Capital and others. During two rounds of financing, the developers raised $350 million. At the time of listing in October 2022, the price of the coin increased tenfold from $1, but then consolidated around $3-5. At the beginning of 2023, the asset showed strong growth of more than 500% and was able to maintain its historical level of $5 during corrections. The asset is currently trading around $9. By analyzing the chart, we will decide whether it is worth taking it into the portfolio now. APT has been trading in an ascending channel since November last year, and if the level of $8.5 is maintained, I expect to see a return to the upper boundary of the channel — $12. Here we also have support for Fibonacci levels and Ichimoku clouds on large timeframes. This entire formation resembles the chart of the ARB coin, which was identically traded in an ascending channel and after a while we saw a powerful upward exit. Trading plan I recommend purchasing this coin for spot or investment portfolios with a growth potential of 20-40-70% in the medium term and 2 or 3 times in the long term. Purchase range: from $9.2 to $7.5. Entry for 10% of the deposit. Goals: $10.3 - $11.8 - $13.8 - medium-term, $16 - $20 - $25 - long-term. Cancellation: the asset goes below $7 and is assigned to the 3-day Ichimoku cloud. It is important to comply with risk management and money management, take profits in parts and do not forget to withdraw them from the market.
29 projects attracted more than $241 million in investments over the past week.
Between February 17 and February 24, 29 projects attracted investments totaling $241.5 million.
In particular, during the week the following received funding: $100 million - EigenLayer. Venture capital firm Andreessen Horowitz has invested in the re-staking protocol. EigenLayer founder Sriram Kannan said the firm was the only participant in the funding round. He also refused to provide an assessment of the protocol after receiving new capital.
The court found Binance guilty. The exchange will pay a fine of $4.3 billion. Federal Judge Richard Jones approved a plea agreement for cryptocurrency exchange Binance. The company will pay a fine of $4.3 billion, Bloomberg reports, citing the words of a judge during a hearing in Seattle. “This is truly a case where the company's ethics were violated due to greed,” Jones said. Under the terms of the agreement, Binance exchange compliance must now be monitored for five years. Monitoring will be carried out by a law firm. Urging the judge to approve the deal, prosecutors said the exchange "left the financial system vulnerable." They also added that Binance's misconduct was intentional and occurred under the supervision of senior management. The company's deputy general counsel, Josh Eaton, commented on the situation: “Binance accepts responsibility for past actions. We are proud to have improved our controls over the past few years.” The report also notes that the sentencing of former CEO of the exchange Changpeng Zhao was postponed to April 2024. He faces up to 18 months in prison.
Ripple (XRP) price forecast: will the critical support zone stop the fall. Ripple (XRP) started the month on a bullish note. However, from February 16, the price of the asset began to fall and almost returned to January levels. XRP fell below an ascending support line that has been in place for several weeks. How to buy Ripple XRPUSD: top options in the BeInCrypto selection Ripple couldn't keep up Technical analysis of the daily timeframe shows that the XRP price has been inside a descending parallel channel since November 2023. Such patterns often contain corrective movements. On January 31, Ripple reached the lower border of the channel and rebounded, rising above its midline. However, after this, the price was thrown back by the horizontal resistance area and returned to the middle of the pattern. The daily relative strength index (RSI) is trending bearish. The indicator has dropped below 50 and continues to move down. XRP Price Prediction: Will the $0.50 Level Hold? Technical analysis of the short-term six-hour time frame gives a bearish forecast. This is explained by price action and RSI readings. The chart below shows that XRP has fallen below the ascending support line that has existed since the beginning of the month. And the six-hour RSI dropped below 50, legitimizing the breakdown and indicating the end of the upward movement. If the decline continues, Ripple's price could fall another 7% and reach immediate support at $0.50. However, a return to the rising support line will invalidate the breakout. XRP could then rise 7% to the nearest resistance at $0.57.
Abram sold all his diamonds to invest in Bitcoin. Sarah is hysterical: - Abram, what are you doing?! How could all the jewelry be sold? - Why the hell? I bought bitcoins and we made very good money... - No, you’re still an ass! The Altmans have a wedding on Saturday, everyone will come in their diamonds, and what will I wear - a flash drive on a string?
Ethereum at $3000 and the growth of AI tokens. Main events of the week. According to analysts, a significant impact on the dynamics of the price of ether will have a reduction in the supply of the second cryptocurrency on the market and the possible approval of an ETF based on Ethereum RBC experts spoke about the increased interest of retail investors in Bitcoin and what influences the influx of a wide audience into the cryptocurrency market Tuesday Bitcoin is competing with gold as a primary store of value. The gap between Bitcoin and gold ETF exposures has been widening since the start of the year. Crypto exchange analysts expect the bull market to continue due to the reduction of losses by short-term cryptocurrency holders as its value rises The second-level network Starknet launched trading in its own STRK token and conducted an airdrop among 1.3 million wallets Wednesday Previously, the Bank of Russia introduced restrictions against the QIWI payment system On the eve of an important and historically significant event for Bitcoin, the largest mining company Marathon Digital is increasing its capacity and expanding its infrastructure by acquiring new sites Thursday AI Cryptocurrencies Rise After NVIDIA Earnings Report Analysts from one of the oldest crypto funds identified several key areas for the development of the cryptocurrency market, pointing to an increase in use cases for Bitcoin beyond simple investing and trading. RBC experts commented on the use of digital financial assets (DFAs) and cryptocurrencies in international payments