Twitter rebrand? Understand the relationship between Doge and Elon musk X universe in one minute!
July 26, 2023: Musk shouted "X" to conquer half of the global financial world
Elon Musk showed his ambition in a reply to a tweet on July 25, saying that his new startup "X Corp" has acquired Twitter. He also predicted that in the next few months, the new version of Twitter "#X " will allow us to see "the whole picture of the financial universe."
What exactly does "X" have with the financial world?
If you are confused about the relationship between Well-known online payment service provider #Paypal .
Specific liquidity pools on the Uniswap and Curve protocols currently appear to be flooded with sellers looking to sell USDT. When sellers flood the market, it can cause prices to decouple quickly.
This was seen during the collapse of Silicon Valley Bank, when the well-received USDC stablecoin lost its peg and fell to $0.93 before recovering to a price of one dollar within a few days.
Analysts at blockworksres pointed out that there are currently two major pools that appear to be vulnerable to significant selling pressure: one is the $380m Curve 3pool, which holds USDT, $USDC, and DAI, and the other is Uniswap v3, which holds USDC and USDT. USDC/USDT pool. Both pools are considered key to DeFi and both have quickly seen significant increases in USDT’s share, which stood at 22% in Curve 3pool three days ago and has exceeded 70% at the time of writing.
Go directly to DWF Labs Wallet to see what coins can be unlocked soon
Just go long without thinking, and wait until the currency is transferred to CEX, which is almost the highest point, and find an opportunity to close the position and end it.
Is Worldcoin about to issue a currency? An article analyzes the cryptocurrency project founded by the founder of OpenAI!
Just today, Worldcoin’s official Twitter revealed a message “it’s time”, and we saw that the WLD (Worldcoin) option has been added to its currency deposit. We can boldly guess that this message is about preparations for currency listing.
Worldcoin is an open source protocol designed to help everyone enter the global economy. It is decentralized by design, meaning that ultimately its oversight and decision-making will rest with its community of users. Worldcoin's vision is to build the world's largest, fair digital identity and digital currency system, which achieves identity authentication by scanning the iris of every person's eyeball on the planet.
#Bitmain Bitmain started selling the #Filecoin mining machine for the first time on 7/21. The following is the mining machine information.
The effective storage capacity of this mining machine is 430TiB and the computing power is 4300TiB.
The total cost of purchasing this mining machine is
$19,131 (mining machine fee) +
$5,544 (package calculation service fee) +
$14,213 (540 days of mining machine operation and maintenance fees), totaling $38,888.
According to the official statement, the currency price is 5 US dollars and the capital can be paid back in 400 days.
38888/400 = 97.22
97.22/5 = 19.44 deductions
The income after excluding some hosting fees is 97.22/5 = 19.44 FIL
Filecoin’s all-time high price was $237.61, which occurred on April 1, 2021. The current price of the coin is $4.47, a drop of 98.12% from the highest price.
I dreamed that the price of Bitcoin had reached $1 million
I dreamed that I came from 2030, from a future full of change and hope. Here, the price of Bitcoin has soared to $1 million, which represents a lot of things changing for the world.
The cryptocurrency world from 2020 to 2030 is very turbulent. At that time, the U.S. Securities and Exchange Commission (SEC) began to crack down on the entire cryptocurrency market, and no one was spared, whether it was large exchanges or various DeFi projects.
Faced with this great destruction of the century, many projects were unable to withstand the pressure and eventually disappeared in the torrent of the times. However, there are several coin projects that are flying against the wind. They have survived this blow, as if they have experienced a baptism of fire and have shown stronger vitality. $BTC , $ETH , $DOGE , #Pepe , and some anonymous projects, Pow projects, they continue to survive and become a symbol of a new era. In such an environment, the role of cryptocurrencies is even more significant.
#MakerDAO , its governance structure has voted to expand the types of collateral and go beyond cryptocurrencies to begin accepting real assets (Real World Assets, #RWA ) as collateral.
This transformation will bring new opportunities to the MakerDAO platform, giving it access to markets and asset types that were previously impossible. Four new physical assets are being proposed as collateral for Dai, including ConsolFreight DROP Token (CF-DROP), Peoples Company Series 1 DROP Token (P1-DROP), Harbor Trade Credit DROP Token (HTC-DROP), and Fortunafi DROP Token (FFT1-DROP).
Since #DeFi Summer, the development of DeFi seems to have encountered a bottleneck. Various products are nothing more than using the same funds in the circle to continuously perform the same actions: Lending, Borrow, and Swap. Today, the development of DeFi is highly limited by the overall market value of Crypto. How to break out of this framework? Will RWA be another solution?
#RWA (Real World Assets) generally refers to tangible assets that exist in the physical world and are brought onto the chain. Includes offering capital markets products on-chain, where digital securities are tokenized and made available to retail clients. This tokenization of real-world assets, including real estate and loans, provides new revenue streams in DeFi, providing opportunities for higher yields and portfolio diversification.
Azuki series market value declines: Market volatility caused by disappointing selling pressure on new product line Elemental?
Azuki, a well-known non-fungible token (NFT) series, has recently experienced market volatility caused by its new product line Elemental. After the release of Elemental, the overall market value of the Azuki series dropped significantly, from US$332,068,800 before the release to US$249,217,084 after the release.
This decline in market value seems to be related to the market's disappointment with Elemental, and has had a clear impact on the two major product lines of Azuki and Beanz. Before the launch of Elemental, Azuki's floor price was 14.67 ETH, with a market value of approximately US$275,668,800. However, after the launch of the Elemental product line, Azuki's floor price dropped to 9.0000 ETH, and its market value also dropped to $167,921,084.
The current Bitcoin market is in an extremely subtle stage of change. Although SEC #SEC against #coinbase and #Binance caused the recent price slide to a low near $25,000, we witnessed a strong price rebound of $31,000 in just two days in conjunction with frequent reports of traditional financial institutions entering the cryptocurrency market. about. The market currently seems to be entering a cooling-off period, hovering between 30,200 and 30,600. From a technical analysis perspective, Bitcoin needs to at least hit the weekly 100ma, which will become a key price range.
The next bull market is in Asia, Hong Kong fired the first shot, has the entrance been opened?
HSBC Hong Kong now allows trading of Bitcoin and Ethereum ETFs.
HSBC Hong Kong is the largest bank in the Chinese Special Administrative Region and the first bank there to let customers trade Bitcoin and Ethereum ETFs listed on the Hong Kong Exchange.
Some of the cryptocurrency ETFs listed in Hong Kong include CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF.
The following is an introduction to the three ETFs:
CSOP Bitcoin Futures ETF: This is a sub-fund of the CSOP ETF series, which is an umbrella unit trust fund established under Hong Kong law. The Sub-Fund is an actively managed exchange-traded fund whose units trade on the Hong Kong Stock Exchange, just like stocks. The CSOP Bitcoin Futures ETF and CSOP Ethereum Futures ETF track standardized, cash-settled Bitcoin and Ethereum futures contracts traded on the Chicago Mercantile Exchange (CME). Both ETFs launch in December 2022 and are managed by CSOP Asset Management1.
1. BlackRock: The world’s largest asset management company submitted an application for a Bitcoin spot ETF on June 15, 2023, proposing Coinbase as the crypto asset custodian and spot market data provider, and BNY Mellon as the cash custodian. .
2. WisdomTree: This New York-based asset management company launched a Bitcoin ETF on the SIX exchange in Switzerland in 2019. It joined the application team for the US Bitcoin ETF in March 2021. Although it was rejected by the SEC later in 2021, WisdomTree filed a new application shortly after BlackRock filed in 2023. 1
3. Invesco Galaxy Bitcoin ETF: Galaxy Digital and Invesco jointly submitted a Bitcoin ETF application called "Invesco Galaxy Bitcoin ETF" on September 22, 2021. Following Blackstone's own filing, Invesco and Galaxy filed new applications with the SEC in mid-2023. $BTC
What did investors invest in in the second quarter of 2023? What can you learn from retail investors?
DWF Labs: In April, DWF participated in 10 investment rounds, totaling more than $53 million. The largest investment is a $16 million funding round for RACA, a Metaverse platform for game studios governed by a community-driven Decentralized Autonomous Organization (DAO).
HashKey Capital: In April 2023, Hashkey Capital invested in 10 Internet 3.0 companies, with a total financing amount of US$63 million. The largest round was an $8.5 million seed round for Nibiru, a decentralized finance (DeFi) hub, a proof-of-stake blockchain and one of the many interconnected blockchains that make up the Cosmos ecosystem .
After the SEC's strong crackdown on the cryptocurrency market, will traditional finance move in?
As the U.S. Securities and Exchange Commission (SEC) increases its supervision of the cryptocurrency market, some traditional financial institutions, such as Citadel, Fidelity, and Charles Schwab, have begun to enter this emerging market. The exchange EDX supported by these institutions only trades Bitcoin, Ethereum, Litecoin and Bitcoin Cash, all of which are non-securities assets certified by the SEC.
First, we need to understand why these financial giants choose trading platforms like EDX.
EDX is a 'non-custodial' exchange, which means it does not hold customers' cryptocurrencies directly, but instead uses a third-party custodian. This setup allows EDX to target the needs of large financial institutions seeking cryptocurrency exposure but with reservations about centralized crypto service providers. Second, EDX operates as a platform that connects a network of companies that execute and settle transactions between crypto assets and fiat currencies.
Transaction speed and cost have been one of the major challenges limiting blockchain’s mass adoption. To address this issue, BNB Chain has launched a Layer-2 solution called opBNB, which aims to improve the performance of blockchain networks by introducing a higher level of scalability and security.
opBNB is a new Layer-2 chain based on Optimism OP Stack. The system is a Layer-2 chain compatible with the Ethereum Virtual Machine (EVM), which means it can work with Ethereum-based smart contracts, networks, and ERC-20 token standards.