There is a saying in Chinese, "trouble doesn't travel alone". 祸不单行。
Well, I believe this 2nd trouble (my X account got temporarily suspended) is purely from the fact that I changed my profile name. It happened immediately after. The X bot detection algo needs some work, @Elon Musk . It doesn't detect all the bad bots, and wrongly targets the real humans. 🤷♂️😂
Just an hour ago, #Binance announced the launch of its first self-custody Web3 wallet during its ongoing #BinanceBlockchainWeek
This wallet works with 30 blockchain networks.
Immediately after this news, #TWT, which is the native token of Trust Wallet, started to crash, and so far it's down over 15%.
Why is $TWT Crashing?
To start, Binance acquired Trust Wallet in 2018, and since then, CZ has mentioned Trust Wallet numerous times on his X(Twitter).
With the launch of a new Web3 wallet, it seems like Binance will not be focused much on Trust Wallet, as Binance's new Web3 wallet interface is very similar to that of Trust Wallet and will work across 30 different blockchains.
Along with that, it can also be used for staking, lending, and borrowing.
At this point in time, it's unclear what will be the future of Trust Wallet, so until there is any statement from Binance or CZ regarding Trust Wallet, it would be better to not catch the falling knife.
As this new cryptocurrency cycle begins, it is crucial to be well informed and strategically positioned. Diversifying investments across different digital assets, such as Bitcoin and promising altcoins, can be a wise approach. Furthermore, following market news and trends is essential to make informed decisions. Don't forget to consider investment deadlines and set realistic goals. Ultimately, maintaining a long-term mindset and being wary of wild speculation is key to making the most of this new crypto cycle.
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Uniswap has just launched a beta cryptocurrency wallet for Android, offering automatic switching between main and second-layer networks, along with other features. Around 35,000 users have already signed up for the waiting list. The source code will be made available for cybersecurity auditing. The wallet promises fast exchanges, easy token discovery and price transparency, as well as protection against common DeFi attacks. This launch follows the success of the iOS version, making Uniswap more accessible globally despite facing recent regulatory challenges.#criptomoeda #Adoption