LIVECryptoMelo
@Cryptomelo
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What should you expect for Bitcoin with today's big FOMC meeting?
Well, look at what happened after our last rate cut in 2020 👀$BTC #Token2049 #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI #BinanceTurns7
Well, look at what happened after our last rate cut in 2020 👀$BTC #Token2049 #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI #BinanceTurns7
#SUI/USDT ANALYSIS
SUI has broken out of the descending channel with strong volume, signaling a potential shift in momentum. However, it's currently facing resistance from the Ichimoku Cloud, which has rejected further upward movement.
A retest of the channel's breakout level is possible, and a successful break above the Ichimoku Cloud resistance could confirm the start of a bullish trend.$SUI
#TON #DOGSONBINANCE #PowellAtJacksonHole #SUI🔥
SUI has broken out of the descending channel with strong volume, signaling a potential shift in momentum. However, it's currently facing resistance from the Ichimoku Cloud, which has rejected further upward movement.
A retest of the channel's breakout level is possible, and a successful break above the Ichimoku Cloud resistance could confirm the start of a bullish trend.$SUI
#TON #DOGSONBINANCE #PowellAtJacksonHole #SUI🔥
The next time we touch 72-74k region
It wont be rejected like in the past
We will see a breakout to 80k easily
So far 4 rejections, fifth is breakout
#BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament #Megadrop #Ethereum_ETFs_Expected_Date $BTC
It wont be rejected like in the past
We will see a breakout to 80k easily
So far 4 rejections, fifth is breakout
#BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament #Megadrop #Ethereum_ETFs_Expected_Date $BTC
Historically: $BTC rally after halving with new ATH.
But this time it was different. We went down, not up.
Is it over for Bitcoin? Were $73k the forever high?
Here's Why it happened and When will $BTC hit $100k
🧵🔽
The 4th $BTC halving has occurred, marking a unique milestone with significant institutional investment participation ($BTC ETF) for the first time.
Historically, Bitcoin halvings are linked with a notable event — a subsequent rise in $BTC price, typically observed post-halving.
As for the 2024 Bitcoin halving, while it remains to be seen if it will follow this established pattern, there are already noticeable differences.
Since the 1st Bitcoin halving, the rate of new Bitcoin creation has decreased, but demand has continued to grow.
Despite Bitcoin's status as the largest crypto by market capitalization and its pioneering role, it appears to have fewer users compared to the broader financial ecosystem.
According to Technopedia, ~2.7% of the global population is estimated to own Bitcoin as of 2024.
In contrast to previous cycles, where significant price increases typically occurred after the halving, this time there has been notable price appreciation leading up to the halving itself.
We thought post-halving price should be much higher ⇾ We all bought before halving.
One of the notable distinctions of the 4th Bitcoin halving in 2024 is the extraordinary price growth observed before the event.
In the previous Bitcoin halving cycle in 2020, Bitcoin did not surpass its previous ATH of $20,000 until about 10 months after the halving event.
Some experts, like investment researcher Lyn Alden, believe Bitcoin could reach new highs in 2024 due to factors beyond just the halving and US ETFs.
99% of experts still believe in 2024-2025 rally to $100,000 at least.
#CPI_BTC_Watch #SOFR_Spike #ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS #BinanceTournament
But this time it was different. We went down, not up.
Is it over for Bitcoin? Were $73k the forever high?
Here's Why it happened and When will $BTC hit $100k
🧵🔽
The 4th $BTC halving has occurred, marking a unique milestone with significant institutional investment participation ($BTC ETF) for the first time.
Historically, Bitcoin halvings are linked with a notable event — a subsequent rise in $BTC price, typically observed post-halving.
As for the 2024 Bitcoin halving, while it remains to be seen if it will follow this established pattern, there are already noticeable differences.
Since the 1st Bitcoin halving, the rate of new Bitcoin creation has decreased, but demand has continued to grow.
Despite Bitcoin's status as the largest crypto by market capitalization and its pioneering role, it appears to have fewer users compared to the broader financial ecosystem.
According to Technopedia, ~2.7% of the global population is estimated to own Bitcoin as of 2024.
In contrast to previous cycles, where significant price increases typically occurred after the halving, this time there has been notable price appreciation leading up to the halving itself.
We thought post-halving price should be much higher ⇾ We all bought before halving.
One of the notable distinctions of the 4th Bitcoin halving in 2024 is the extraordinary price growth observed before the event.
In the previous Bitcoin halving cycle in 2020, Bitcoin did not surpass its previous ATH of $20,000 until about 10 months after the halving event.
Some experts, like investment researcher Lyn Alden, believe Bitcoin could reach new highs in 2024 due to factors beyond just the halving and US ETFs.
99% of experts still believe in 2024-2025 rally to $100,000 at least.
#CPI_BTC_Watch #SOFR_Spike #ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS #BinanceTournament
#BTC chart to break on the downside? I know this pattern is for trend continuation and we are in short term downtrend.
But don't worry We have multiple evidences that the market is going up very soon
GERMANY OUT OF BITCOINS
The sell pressure for Bitcoin from big holders is relatively nil. The price saw a dip to $54k support which was backed really strongly by the bulls
INCREASING ETF INFLOWS
Total inflows since July 8 is close to almost 10k for BTC.
While some were selling the ETF news has kept everyone really positive.
BLACKROCK ARE BUYING MORE When such big giants are buying more there is no need to be worried. The recent purchase from #BlackRock is over 2000 Bitcoin
MARKET CYCLE HISTORY
When we speak of the bearish nature of ascending triangle, its worth noting that they can break on the other side especially when other factors are strong
The Market is yet to peak and the long term plans of holders can easily dominate short term
EXTREME FEAR IS BULLISH
When we are in a larger uptrend, the best opportunities are there in short to medium term dips where the fear is the most.
This is the area where big players come in and sell pressure is heavily reduced
BULLISH DIVERGENCE The confirmation of this event last week has been pretty useful in the short term. This signal popped up in October 2023 where #BTC finally made new high after a breakout. Something similar is possible once again
Standard Chart Patterns are there to be taken seriously but we have to understand that they can only give us an idea.
There are multiple factors which play a strong role and we should be aware about them
Follow @CryptoMelo for more
#BinanceTurns7 #BinanceTournament #Megadrop #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown
But don't worry We have multiple evidences that the market is going up very soon
GERMANY OUT OF BITCOINS
The sell pressure for Bitcoin from big holders is relatively nil. The price saw a dip to $54k support which was backed really strongly by the bulls
INCREASING ETF INFLOWS
Total inflows since July 8 is close to almost 10k for BTC.
While some were selling the ETF news has kept everyone really positive.
BLACKROCK ARE BUYING MORE When such big giants are buying more there is no need to be worried. The recent purchase from #BlackRock is over 2000 Bitcoin
MARKET CYCLE HISTORY
When we speak of the bearish nature of ascending triangle, its worth noting that they can break on the other side especially when other factors are strong
The Market is yet to peak and the long term plans of holders can easily dominate short term
EXTREME FEAR IS BULLISH
When we are in a larger uptrend, the best opportunities are there in short to medium term dips where the fear is the most.
This is the area where big players come in and sell pressure is heavily reduced
BULLISH DIVERGENCE The confirmation of this event last week has been pretty useful in the short term. This signal popped up in October 2023 where #BTC finally made new high after a breakout. Something similar is possible once again
Standard Chart Patterns are there to be taken seriously but we have to understand that they can only give us an idea.
There are multiple factors which play a strong role and we should be aware about them
Follow @CryptoMelo for more
#BinanceTurns7 #BinanceTournament #Megadrop #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown
US Elections will send crypto parabolic
52% of the crypto community supports Trump
His vision for the future of $BTC shocked me...
Here's how he will start historical bull run
🧵👇
⚹ Trump’s Victory = Catalyst for the Start of a New Bull Cycle
⚹ Recent statements by Donald Trump about cryptocurrency have caused a stir among the crypto community
⚹ Here are several reasons that prove Trump’s victory in the US elections will trigger explosive growth!
⚹ Why is Trump interested in cryptocurrency?
⚹ Trump has long spoken positively about the cryptocurrency system and its convenience, but...
⚹ “I see more and more people wanting to pay with bitcoins, which is interesting. Some regulation will be needed. I could live with that,” noted Trump
⚹ Regulation, according to Trump, is necessary before the full implementation of cryptocurrency
⚹ At recent conferences, Trump stated that cryptocurrency will play an important role in the “technological breakthrough of the country”
⚹ The overall approval of digital assets by authorities has numerous advantages:
⚹ Trump’s speeches at Bitcoin 2024:
⚹ The politician plans to speak at the Bitcoin 2024 conference, which will open on July 27 in Nashville
⚹ The main goal of the speech is to win over businesses oriented toward the crypto sphere and US citizens
⚹ Earlier, Trump stated that more and more compatriots are using $BTC to pay for goods and services
⚹ Support for $BTC among Republicans
⚹ In June, Paradigm conducted a survey of more than 1000 people on the topic - “Your attitude towards Trump’s ‘crypto future’?”
⚹ According to the survey results, more than a quarter of Republicans (28%) showed interest in cryptocurrencies, investing their money in them
Follow @CryptoMelo for more
#CPI_BTC_Watch #BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament #Megadrop
52% of the crypto community supports Trump
His vision for the future of $BTC shocked me...
Here's how he will start historical bull run
🧵👇
⚹ Trump’s Victory = Catalyst for the Start of a New Bull Cycle
⚹ Recent statements by Donald Trump about cryptocurrency have caused a stir among the crypto community
⚹ Here are several reasons that prove Trump’s victory in the US elections will trigger explosive growth!
⚹ Why is Trump interested in cryptocurrency?
⚹ Trump has long spoken positively about the cryptocurrency system and its convenience, but...
⚹ “I see more and more people wanting to pay with bitcoins, which is interesting. Some regulation will be needed. I could live with that,” noted Trump
⚹ Regulation, according to Trump, is necessary before the full implementation of cryptocurrency
⚹ At recent conferences, Trump stated that cryptocurrency will play an important role in the “technological breakthrough of the country”
⚹ The overall approval of digital assets by authorities has numerous advantages:
⚹ Trump’s speeches at Bitcoin 2024:
⚹ The politician plans to speak at the Bitcoin 2024 conference, which will open on July 27 in Nashville
⚹ The main goal of the speech is to win over businesses oriented toward the crypto sphere and US citizens
⚹ Earlier, Trump stated that more and more compatriots are using $BTC to pay for goods and services
⚹ Support for $BTC among Republicans
⚹ In June, Paradigm conducted a survey of more than 1000 people on the topic - “Your attitude towards Trump’s ‘crypto future’?”
⚹ According to the survey results, more than a quarter of Republicans (28%) showed interest in cryptocurrencies, investing their money in them
Follow @CryptoMelo for more
#CPI_BTC_Watch #BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament #Megadrop
$BTC is repeating the pattern of 2020 before the huge growth!
Many factors are affecting the market:
Mt. Gox, Elections, Germany, ETFs, FTX payouts
The recent 26% correction in $BTC made many believe that the growth is over and the cycle has ended
❍ However, looking at the chart, you can see that we are repeating the situation from 2019
❍ Such a correction is normal, and it should be even bigger
But for some reason, many find it insufficient to just look at the chart, thinking that this time it's different, and this happens every cycle
Although there are many negative factors, such as Germany selling $BTC, etc, there are also positive ones
Large Companies Investing in Crypto
❍ Many large companies, like BlackRock, have started to actively show interest in crypto and invest in it
❍ This gives confidence in the future growth and viability of crypto as a market
Big companies definitely know more than we do
Market seasonality
❍ It is a historically proven fact that summer is a period of stagnation, where the market is boring and in consolidation/correction
❍ This happened EVERY summer
This also happened this summer, so it should be seen as a chance to buy at lower prices
CZ is back
❍ CZ has become an iconic figure in crypto
❍ He is no longer the CEO of Binance, but he remains the main association with it
2 months ago, he was sentenced to 4 months of arrest, so he will be released in 2 months
It will have a positive impact on the market
US Presidential elections
❍ The elections turned out to be more predictable, and Trump is winning by a large margin
❍ At this rate, he will win, but what is important for us is that Trump actively supports crypto
This will clearly have a positive impact on the market
Followe @CryptoMelo for more
#BinanceTournament #ETH_ETFs_Approval_Predictions #BinanceTurns7 #Ethereum_ETFs_Expected_Date #Megadrop
Many factors are affecting the market:
Mt. Gox, Elections, Germany, ETFs, FTX payouts
The recent 26% correction in $BTC made many believe that the growth is over and the cycle has ended
❍ However, looking at the chart, you can see that we are repeating the situation from 2019
❍ Such a correction is normal, and it should be even bigger
But for some reason, many find it insufficient to just look at the chart, thinking that this time it's different, and this happens every cycle
Although there are many negative factors, such as Germany selling $BTC, etc, there are also positive ones
Large Companies Investing in Crypto
❍ Many large companies, like BlackRock, have started to actively show interest in crypto and invest in it
❍ This gives confidence in the future growth and viability of crypto as a market
Big companies definitely know more than we do
Market seasonality
❍ It is a historically proven fact that summer is a period of stagnation, where the market is boring and in consolidation/correction
❍ This happened EVERY summer
This also happened this summer, so it should be seen as a chance to buy at lower prices
CZ is back
❍ CZ has become an iconic figure in crypto
❍ He is no longer the CEO of Binance, but he remains the main association with it
2 months ago, he was sentenced to 4 months of arrest, so he will be released in 2 months
It will have a positive impact on the market
US Presidential elections
❍ The elections turned out to be more predictable, and Trump is winning by a large margin
❍ At this rate, he will win, but what is important for us is that Trump actively supports crypto
This will clearly have a positive impact on the market
Followe @CryptoMelo for more
#BinanceTournament #ETH_ETFs_Approval_Predictions #BinanceTurns7 #Ethereum_ETFs_Expected_Date #Megadrop
This is Rhett Mankind
He launched the first memecoin created by AI with only $69
Now it's a memecoin with $250M mc ($670M mc peak)
Here is a story on how he launched a meme coin using ChatGPT
🧵👇
Rhett Mankind or @rhett is a Digital Art Experimenter, was a little-known influencer
One day, he decided to experiment with creating a meme coin using ChatGPT and $69
Now it turned out to be a coin - $TURBO with $250M mc
Let's dive in
👇
He went to ChatGPT, said he had a budget of $69, and asked it to create the next great meme coin, aiming for a top 300 ranking on Coingecko
The first thing ChatGPT suggested was to create a concept, story, ticker, etc
Among all ChatGPT's ideas, and through voting, TurboToad was chosen
Since Rhett knew nothing about blockchain code, a problem arose
He told ChatGPT that he didn't know anything about coding and literally asked it to write the code for him
Which ChatGPT did
That concluded the first day of creating the token
Ofc, the code had a bunch of errors that weren't fixed even after using ChatGPT, and ChatGPT advised getting an audit
With this, Rhett turned to his community, and as a result, a couple of developers reviewed it and suggested a few updates
But after the launch, a problem arose: "Project over budget and failed on DEX launch."
The first token failed, but community forced him to push forward
He told ChatGPT that his budget was now $0 and it gave him a list of ideas
He decided to shorten the ticker to $TURBO, made a website, and a Twitter account
The next problem was the budget for creating a liquidity pool
With the help of the community, he organized a fair launch where 50 people donated to him for the creation of the token
This resulted in 69 billion $TURBO, 50 holders, and +3.5 ETH (USD $6669)
Waking up the next day, he saw a $10,000,000 market cap, and literally three hours later, it was already $25,000,000 with $6,900,000 in volume
Now it's $250M mc($670M mc peak)
Follow @CryptoMelo for more
#CPI_BTC_Watch #BinanceTurns7 #BinanceTournament #VanEck_SOL_ETFS #VanEck_SOL_ETFS $BTC
He launched the first memecoin created by AI with only $69
Now it's a memecoin with $250M mc ($670M mc peak)
Here is a story on how he launched a meme coin using ChatGPT
🧵👇
Rhett Mankind or @rhett is a Digital Art Experimenter, was a little-known influencer
One day, he decided to experiment with creating a meme coin using ChatGPT and $69
Now it turned out to be a coin - $TURBO with $250M mc
Let's dive in
👇
He went to ChatGPT, said he had a budget of $69, and asked it to create the next great meme coin, aiming for a top 300 ranking on Coingecko
The first thing ChatGPT suggested was to create a concept, story, ticker, etc
Among all ChatGPT's ideas, and through voting, TurboToad was chosen
Since Rhett knew nothing about blockchain code, a problem arose
He told ChatGPT that he didn't know anything about coding and literally asked it to write the code for him
Which ChatGPT did
That concluded the first day of creating the token
Ofc, the code had a bunch of errors that weren't fixed even after using ChatGPT, and ChatGPT advised getting an audit
With this, Rhett turned to his community, and as a result, a couple of developers reviewed it and suggested a few updates
But after the launch, a problem arose: "Project over budget and failed on DEX launch."
The first token failed, but community forced him to push forward
He told ChatGPT that his budget was now $0 and it gave him a list of ideas
He decided to shorten the ticker to $TURBO, made a website, and a Twitter account
The next problem was the budget for creating a liquidity pool
With the help of the community, he organized a fair launch where 50 people donated to him for the creation of the token
This resulted in 69 billion $TURBO, 50 holders, and +3.5 ETH (USD $6669)
Waking up the next day, he saw a $10,000,000 market cap, and literally three hours later, it was already $25,000,000 with $6,900,000 in volume
Now it's $250M mc($670M mc peak)
Follow @CryptoMelo for more
#CPI_BTC_Watch #BinanceTurns7 #BinanceTournament #VanEck_SOL_ETFS #VanEck_SOL_ETFS $BTC
𝐖𝐡𝐲 𝐂𝐡𝐚𝐢𝐧𝐥𝐢𝐧𝐤 𝐡𝐚𝐬 𝐬𝐭𝐚𝐲𝐞𝐝 𝐚𝐭 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐥𝐞𝐯𝐞𝐥 𝐢𝐧 𝟒 𝐲𝐞𝐚𝐫𝐬
Key dates to remember through this thread:
- 25th September 2020 - $9.83
- 11th July 2024 - $12.90
Ready to be shocked?
🧵👇
Without an argument, Chainlink has brought so many benefits to the #crypto space, but even with all these benefits, why is the token price the same after 4 years? 4 years ago from now the #token price was $9.83 and today we do not see much of a difference.
The total supply for #Chainlink is 1 billion tokens, with only a portion of 608 million actually being the circulating supply.
Here is where things get interesting.
September 27, 2020 the circulating supply of Chainlink was at 371 million tokens. Based on the #supply #chart below, we can see that gradually more and more tokens were supplied to the #circulation. Close to half of what the current supply of the token is.
Right after the key date of September 25, Chainlink mooned, prices went to an #ATH of $52.70. This happened on the 10th of May 2021. Now going back to the supply chart, we see an increase in token #supply. From 371 million to 420 million.
After May 10th the supply chart continiues to increase, the actual token price starts to drop at a fast pace. Exactly a year after, Chainlink drops to prices around $7. Although the quick and heavy #drop, token supply continiues to go up.
The only difference in Chainlink is the token supply. With a circulating supply that has doubled within 4 years. The value of each #individual #token has inevitably halved.
Now before you ask yourself why the heck hasnt the price of #Chainlink increased, think of the circulating #supply and what it is at that time.
If you read this full #thread make sure to leave a like and comment your opinion on what you think happened.
Thanks legends, have a great rest of your day
Follow @CryptoMelo for more
🤝
$LINK #CPI_BTC_Watch #BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament
Key dates to remember through this thread:
- 25th September 2020 - $9.83
- 11th July 2024 - $12.90
Ready to be shocked?
🧵👇
Without an argument, Chainlink has brought so many benefits to the #crypto space, but even with all these benefits, why is the token price the same after 4 years? 4 years ago from now the #token price was $9.83 and today we do not see much of a difference.
The total supply for #Chainlink is 1 billion tokens, with only a portion of 608 million actually being the circulating supply.
Here is where things get interesting.
September 27, 2020 the circulating supply of Chainlink was at 371 million tokens. Based on the #supply #chart below, we can see that gradually more and more tokens were supplied to the #circulation. Close to half of what the current supply of the token is.
Right after the key date of September 25, Chainlink mooned, prices went to an #ATH of $52.70. This happened on the 10th of May 2021. Now going back to the supply chart, we see an increase in token #supply. From 371 million to 420 million.
After May 10th the supply chart continiues to increase, the actual token price starts to drop at a fast pace. Exactly a year after, Chainlink drops to prices around $7. Although the quick and heavy #drop, token supply continiues to go up.
The only difference in Chainlink is the token supply. With a circulating supply that has doubled within 4 years. The value of each #individual #token has inevitably halved.
Now before you ask yourself why the heck hasnt the price of #Chainlink increased, think of the circulating #supply and what it is at that time.
If you read this full #thread make sure to leave a like and comment your opinion on what you think happened.
Thanks legends, have a great rest of your day
Follow @CryptoMelo for more
🤝
$LINK #CPI_BTC_Watch #BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament
Germany sold 21,180 BTC in a few days
What I saw shocked me...
Here’s how government plans to trick you
🧵👇
⚹ Recently, the market has experienced a significant correction, with the German government being a substantial source of FUD.
⚹ They hold over $1B in $BTC and have gradually started transferring assets to CEX for sale.
This is quite a comical moment since the German government never invested in $BTC but obtained it through other means.
⚹ These 50,000 $BTC were confiscated from the Movie2k website, dedicated to film piracy.
⚹ The funds were confiscated in January 2024.
So far, more than half of their $BTC , over 25,000, has already been sold through several CEXs:
- Kraken
- Coinbase
- Bitstamp
⚹ It's likely they don't leave unsold funds overnight and send them back to their wallets.
⚹ This event should not be cited as an example of competent people.
⚹ The government's paper hands simply decided not to diversify their treasury, for which they received criticism from their own deputies
⚹ This is market pressure that won't change the global picture
⚹ Very often, the market's reaction to news is much more emotional than the news itself.
⚹ People's emotions don't change, and the $1B figure hits their heads, making them rush to sell, forgetting that $BTC 's market cap is $1.14T.
⚹ Sooner or later, a rapid buyback would inevitably begin.
⚹ Although the pressure is quite amusing to experienced crypto enthusiasts, it has caused emotional swings for others.
⚹ This is a crucial moment in any cycle before global growth.
⚹ The market simply cannot start growing without shaking out weak hands from positions
⚹ Analyzing previous cycles, I can say that this could very well be manipulation by large players.
⚹ Before any global growth, there was a significant correction, knocking people out of the market.
⚹ The current market phase can be described as a Bear Trap.
#CPI_BTC_Watch #BinanceTurns7 #BinanceTournament
#ETH_ETFs_Approval_Predictions
What I saw shocked me...
Here’s how government plans to trick you
🧵👇
⚹ Recently, the market has experienced a significant correction, with the German government being a substantial source of FUD.
⚹ They hold over $1B in $BTC and have gradually started transferring assets to CEX for sale.
This is quite a comical moment since the German government never invested in $BTC but obtained it through other means.
⚹ These 50,000 $BTC were confiscated from the Movie2k website, dedicated to film piracy.
⚹ The funds were confiscated in January 2024.
So far, more than half of their $BTC , over 25,000, has already been sold through several CEXs:
- Kraken
- Coinbase
- Bitstamp
⚹ It's likely they don't leave unsold funds overnight and send them back to their wallets.
⚹ This event should not be cited as an example of competent people.
⚹ The government's paper hands simply decided not to diversify their treasury, for which they received criticism from their own deputies
⚹ This is market pressure that won't change the global picture
⚹ Very often, the market's reaction to news is much more emotional than the news itself.
⚹ People's emotions don't change, and the $1B figure hits their heads, making them rush to sell, forgetting that $BTC 's market cap is $1.14T.
⚹ Sooner or later, a rapid buyback would inevitably begin.
⚹ Although the pressure is quite amusing to experienced crypto enthusiasts, it has caused emotional swings for others.
⚹ This is a crucial moment in any cycle before global growth.
⚹ The market simply cannot start growing without shaking out weak hands from positions
⚹ Analyzing previous cycles, I can say that this could very well be manipulation by large players.
⚹ Before any global growth, there was a significant correction, knocking people out of the market.
⚹ The current market phase can be described as a Bear Trap.
#CPI_BTC_Watch #BinanceTurns7 #BinanceTournament
#ETH_ETFs_Approval_Predictions
Earning $290M with a $27 investment is easy
You just need to be Christopher Koch
A man who made a fortune by investing in BTC
Read more 🧵
Norwegian student Christopher Koch learned about bitcoin while working on his dissertation about encryption.
To gain practical knowledge, he bought about $27 worth of BTC.
It was 2009.
Bitcoin was not even mentioned until 2008, reacting to the global financial crisis.
The money Koch spent was enough for 5,000 tokens.
Christoph told his girlfriend about buying bitcoins, but she wasn't thrilled and gave him a hard time, thinking it was a waste of money.
"She thought I was wasting money on nonsense", — the Norwegian recalls.
After the successful defense of the thesis, real life began with finding a job and household chores.
Bitcoin was not profitable, and Koch forgot about the purchase and moved on with his life.
At the exchange rate, the value of 5,000 bitcoins was 5 million crowns or 885,000 dollars.
Koch, having completed his doctoral studies, did not sell it all at once and retained his millionaire status.
Koch withdrew 1.1 million kroner for the apartment, leaving the rest of the assets to run.
He checked the account daily, watching it grow by 50,000 kroner.
Every day I logged into the online bank and saw that the account had grown. Plus 50,000 kroner, plus 50,000 kroner again", — laughs the Norwegian.
"Even in my wildest dreams, I could not have imagined that they would soar like this".
I hope you've found this thread helpful
Follow me @CryptoMelo for more
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #SOFR_Spike #BinanceTurns7 #VanEck_SOL_ETFS
You just need to be Christopher Koch
A man who made a fortune by investing in BTC
Read more 🧵
Norwegian student Christopher Koch learned about bitcoin while working on his dissertation about encryption.
To gain practical knowledge, he bought about $27 worth of BTC.
It was 2009.
Bitcoin was not even mentioned until 2008, reacting to the global financial crisis.
The money Koch spent was enough for 5,000 tokens.
Christoph told his girlfriend about buying bitcoins, but she wasn't thrilled and gave him a hard time, thinking it was a waste of money.
"She thought I was wasting money on nonsense", — the Norwegian recalls.
After the successful defense of the thesis, real life began with finding a job and household chores.
Bitcoin was not profitable, and Koch forgot about the purchase and moved on with his life.
At the exchange rate, the value of 5,000 bitcoins was 5 million crowns or 885,000 dollars.
Koch, having completed his doctoral studies, did not sell it all at once and retained his millionaire status.
Koch withdrew 1.1 million kroner for the apartment, leaving the rest of the assets to run.
He checked the account daily, watching it grow by 50,000 kroner.
Every day I logged into the online bank and saw that the account had grown. Plus 50,000 kroner, plus 50,000 kroner again", — laughs the Norwegian.
"Even in my wildest dreams, I could not have imagined that they would soar like this".
I hope you've found this thread helpful
Follow me @CryptoMelo for more
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #SOFR_Spike #BinanceTurns7 #VanEck_SOL_ETFS
Apple has begun actively investing in the AI sector
Missing out on this is like not buying BTC in 2009!
By 2030, the AI sector will be valued at $2T
Here are 7 tokens that will make 100X
🧵👇
Artificial intelligence is the 2024 theme and is here to stay.
Combining AI and cryptocurrencies could create a trillion-dollar market.
Experts predict AI investments might hit $2 trillion by 2030.
Now's the time to pay attention.
AI x Crypto sector is still in its early stages.
The crypto AI sector is just beginning to take shape, but every major global company will be pouring money into it.
For example, Apple has already integrated GPT-4.0 into the interface of the iPhone 15 Pro in a recent update.
@oraichain | $ORAI
Oraichain is the world's first AI-powered oracle aiming to revolutionize the AI, DeFi, and blockchain industries. It's a data oracle that links AI APIs to smart contracts, enabling new AI-powered dApps.
Price: $10.96
MCap: $176.9M
FDV: $1906M
@real_alethea | $ALI
Alethea AI merges AI and blockchain to democratize AI ownership, ensuring equitable access and benefits distribution through innovative R&D.
Price: $0.016
MCap: $56.25M
FDV: $157.6M
@Spectral_Labs | $SPEC
Spectral lets you use AI to connect online agents with Web3. You can write prompts, which help smart contracts use machine learning.
Price: $9.86
MCap: $103,755,441
FDV: $984M
@ArcBlock_io | $ABT
ArcBlock is a platform for building and deploying blockchain dApps. It bills itself as a complete blockchain 3.0 product platform to build, deploy and manage Apps easily.
Price: $3.21
MCap: $313
FDV: $590M
@verasitytech | $VRA
Verasity is a blockchain eco for trusted digital ads and payments. Features VeraWallet, VeraViews for secure txs, fraud prevention, and 'Proof of View' tech to ensure authentic video views.
Price: $0.0036
MCap: $36.4M
Follow @CryptoMelo for more
#BTC_Bounce_Back_to_57k #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown #BinanceTurns7 $BTC
Missing out on this is like not buying BTC in 2009!
By 2030, the AI sector will be valued at $2T
Here are 7 tokens that will make 100X
🧵👇
Artificial intelligence is the 2024 theme and is here to stay.
Combining AI and cryptocurrencies could create a trillion-dollar market.
Experts predict AI investments might hit $2 trillion by 2030.
Now's the time to pay attention.
AI x Crypto sector is still in its early stages.
The crypto AI sector is just beginning to take shape, but every major global company will be pouring money into it.
For example, Apple has already integrated GPT-4.0 into the interface of the iPhone 15 Pro in a recent update.
@oraichain | $ORAI
Oraichain is the world's first AI-powered oracle aiming to revolutionize the AI, DeFi, and blockchain industries. It's a data oracle that links AI APIs to smart contracts, enabling new AI-powered dApps.
Price: $10.96
MCap: $176.9M
FDV: $1906M
@real_alethea | $ALI
Alethea AI merges AI and blockchain to democratize AI ownership, ensuring equitable access and benefits distribution through innovative R&D.
Price: $0.016
MCap: $56.25M
FDV: $157.6M
@Spectral_Labs | $SPEC
Spectral lets you use AI to connect online agents with Web3. You can write prompts, which help smart contracts use machine learning.
Price: $9.86
MCap: $103,755,441
FDV: $984M
@ArcBlock_io | $ABT
ArcBlock is a platform for building and deploying blockchain dApps. It bills itself as a complete blockchain 3.0 product platform to build, deploy and manage Apps easily.
Price: $3.21
MCap: $313
FDV: $590M
@verasitytech | $VRA
Verasity is a blockchain eco for trusted digital ads and payments. Features VeraWallet, VeraViews for secure txs, fraud prevention, and 'Proof of View' tech to ensure authentic video views.
Price: $0.0036
MCap: $36.4M
Follow @CryptoMelo for more
#BTC_Bounce_Back_to_57k #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown #BinanceTurns7 $BTC
Stop for a second and take a look at the chart.
This dump happens every cycle and it is ur last chance to buy alts before they go parabolic.
Here're 10 projects with 100x potential in 2024
🧵👇
NFPrompt is a Web3 tool enabling users to monetize AI-generated content. By leveraging blockchain, it ensures ownership of AI art, empowers creators, and fosters an open NFT marketplace
❍ Price: $0.25
❍ Market cap: $62M
@SleeplessAI Labs - $AI
❍ Sleepless AI is a Web3+AI gaming platform that combines artificial intelligence and blockchain to provide immersive gaming experiences and emotional support through AI companion games
❍ Price: $0.52
❍ Market cap: $102M
@centrifuge - $CFG
❍ Centrifuge is a platform for real-world asset tokenization, offering investors access to diverse assets and providing asset managers with tools to streamline operations and unlock new capital sources
❍ Price: $0.43
❍ Market cap: $213M
@blast - $BLAST
❍ Blast is an Ethereum L2 offering native yield on ETH and stablecoins via auto-rebasing. It provides 4% yield on ETH and 5% on stablecoins, leveraging ETH staking and on-chain T-Bill protocols
❍ Price: $0.01
❍ Market cap: $263M
@Worldcoin - $WLD
❍ Worldcoin aims to create a global identity and financial network, providing proof of personhood and a digital currency (WLD) to increase economic opportunity and privacy
❍ Price: $1.8
❍ Market cap: $501M
Synthetix is a decentralized protocol on ETH and Optimistic Ethereum, providing liquidity for synthetic assets. It uses SNX as collateral for synth issuance, supporting various DeFi applications and derivatives
❍ Price: $1.6
❍ Market cap: $534M
@Ethena Labs - $ENA
❍ Ethena is a synthetic dollar protocol on Ethereum offering a crypto-native dollar (USDe) and the 'Internet Bond.' USDe is backed by delta-hedged ETH and BTC, ensuring peg stability and wide DeFi/DeFi compatibility
❍ Price: $0.4
❍ Market cap: $695M
#SOFR_Spike #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown
This dump happens every cycle and it is ur last chance to buy alts before they go parabolic.
Here're 10 projects with 100x potential in 2024
🧵👇
NFPrompt is a Web3 tool enabling users to monetize AI-generated content. By leveraging blockchain, it ensures ownership of AI art, empowers creators, and fosters an open NFT marketplace
❍ Price: $0.25
❍ Market cap: $62M
@SleeplessAI Labs - $AI
❍ Sleepless AI is a Web3+AI gaming platform that combines artificial intelligence and blockchain to provide immersive gaming experiences and emotional support through AI companion games
❍ Price: $0.52
❍ Market cap: $102M
@centrifuge - $CFG
❍ Centrifuge is a platform for real-world asset tokenization, offering investors access to diverse assets and providing asset managers with tools to streamline operations and unlock new capital sources
❍ Price: $0.43
❍ Market cap: $213M
@blast - $BLAST
❍ Blast is an Ethereum L2 offering native yield on ETH and stablecoins via auto-rebasing. It provides 4% yield on ETH and 5% on stablecoins, leveraging ETH staking and on-chain T-Bill protocols
❍ Price: $0.01
❍ Market cap: $263M
@Worldcoin - $WLD
❍ Worldcoin aims to create a global identity and financial network, providing proof of personhood and a digital currency (WLD) to increase economic opportunity and privacy
❍ Price: $1.8
❍ Market cap: $501M
Synthetix is a decentralized protocol on ETH and Optimistic Ethereum, providing liquidity for synthetic assets. It uses SNX as collateral for synth issuance, supporting various DeFi applications and derivatives
❍ Price: $1.6
❍ Market cap: $534M
@Ethena Labs - $ENA
❍ Ethena is a synthetic dollar protocol on Ethereum offering a crypto-native dollar (USDe) and the 'Internet Bond.' USDe is backed by delta-hedged ETH and BTC, ensuring peg stability and wide DeFi/DeFi compatibility
❍ Price: $0.4
❍ Market cap: $695M
#SOFR_Spike #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown
What if Altcoins are exactly where they were in 2020?
Consolidation before the next wave up.
👀🔥
Most people wouldn't expect it.
#BTC_Bounce_Back_to_57k #BinanceTurns7 #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #BinanceTournament $BTC $ETH $BNB
Consolidation before the next wave up.
👀🔥
Most people wouldn't expect it.
#BTC_Bounce_Back_to_57k #BinanceTurns7 #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #BinanceTournament $BTC $ETH $BNB
This is Tomar Chirag, and he was sentenced to 20 years in prison
He stole $37,000,000 from CoinBase users
He was enjoying the money but got caught due to a basic mistake
Here is his story and where he slipped up
🧵👇
In June 2021, Tomar created a website that imitated Coinbase Pro
Through this site, Tomar obtained login credentials from other users
He then initiated login attempts but could not gain access without the 2FA key
Tomar used social engineering
When users saw a login attempt, they called a fake support service, which then hacked the victims' computers using remote access software
After obtaining the tokens, Tomar used a mixer to obfuscate the transactions and converted the money to cash
This is how Tomar Chirag stole $37,000,000 from ordinary people
But he was arrested at Atlanta Airport on December 20, 2023
He confessed to the crimes and now faces a maximum prison sentence of up to 20 years and a $250,000 fine
Such stories are not uncommon. Statistics show that as the popularity of cryptocurrencies grows, so does the number of scammers
Here are a few security tips that can save you from scams
👇
Check Links
Do not open unfamiliar links
Only use links from official sources
Remember that if you connect your wallet to a scam site, you will lose all your money
Storing Money
The best option for long-term storage is a hardware wallet (like Ledger).
If that's not convenient for you, use decentralized wallets like MetaMask or Trust Wallet.
I don't recommend using CEX for storing your assets.
I hope you've found this thread helpful.
Follow me @CryptoMelo for more.
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike #ETH_ETFs_Approval_Predictions $BTC
He stole $37,000,000 from CoinBase users
He was enjoying the money but got caught due to a basic mistake
Here is his story and where he slipped up
🧵👇
In June 2021, Tomar created a website that imitated Coinbase Pro
Through this site, Tomar obtained login credentials from other users
He then initiated login attempts but could not gain access without the 2FA key
Tomar used social engineering
When users saw a login attempt, they called a fake support service, which then hacked the victims' computers using remote access software
After obtaining the tokens, Tomar used a mixer to obfuscate the transactions and converted the money to cash
This is how Tomar Chirag stole $37,000,000 from ordinary people
But he was arrested at Atlanta Airport on December 20, 2023
He confessed to the crimes and now faces a maximum prison sentence of up to 20 years and a $250,000 fine
Such stories are not uncommon. Statistics show that as the popularity of cryptocurrencies grows, so does the number of scammers
Here are a few security tips that can save you from scams
👇
Check Links
Do not open unfamiliar links
Only use links from official sources
Remember that if you connect your wallet to a scam site, you will lose all your money
Storing Money
The best option for long-term storage is a hardware wallet (like Ledger).
If that's not convenient for you, use decentralized wallets like MetaMask or Trust Wallet.
I don't recommend using CEX for storing your assets.
I hope you've found this thread helpful.
Follow me @CryptoMelo for more.
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike #ETH_ETFs_Approval_Predictions $BTC
Everyone's heard of Satoshi Nakamoto.
Holder of $70 billion worth of bitcoins.
But why hasn't Nakamoto been revealed yet?
Here's the investigation behind this enigma
🧵👇
October 31 / 2008 A white paper was published in an online cryptography mailing list describing a digital cryptocurrency. This nine-page research was titled "#Bitcoin: A Peer-to-Peer Electronic Cash System".
Jan 3 / 2009
The Bitcoin network was created by mining the starting block of the chain, known as the "Genesis Block".
It contained the first 50 $BTC and a message in the code:
"The Times 03 / Jan / 2009 Chancellor on brink of second bailout for banks."
During these 64 days, a new story relating to the concept of an entirely new type of money was started.
However, if there're not for Sat... We would never have heard about the crypto world.
So, who is behind it?
One thing we know, based on interviews, is that he thought the system out very thoroughly.
"His coding wasn’t conventional" Jeff Garzik, a core developer, wrote.
He didn’t apply the same rigorous testing that you would expect from a classic software engineer.
Attempt to reveal
There have been several people attributed with being or claiming to be Nakamoto.
But none of the claims or proposals have proven to be true.
Dorian Nakamoto, Hal Finney, Nick Szabo, Craig Wright, David Kleiman, etc.
Net Worth
An analysis by Sergio Lerner, an authority on Bitcoin and cryptography, suggests:
— Nakamoto mined many of the early blocks of Bitcoin
— He'd built up a fortune of around 1M unspent $BTC
That hoard would be worth more than $70 billion U.S. dollars as of March 08, 2024.
"If he'd be revealed, $BTC $BTC die"
Some argue that Bitcoin'd not be able to function as efficiently if the identity of Satoshi was revealed.
The arguments for this position would include:
— Decentralization / Focus on Technology
— Trustless System / Fostering Community
#BTC_Bounce_Back_to_57k #BinanceTurns7 #US_Job_Market_Slowdown #VanEck_SOL_ETFS #MtGoxJulyRepayments
Holder of $70 billion worth of bitcoins.
But why hasn't Nakamoto been revealed yet?
Here's the investigation behind this enigma
🧵👇
October 31 / 2008 A white paper was published in an online cryptography mailing list describing a digital cryptocurrency. This nine-page research was titled "#Bitcoin: A Peer-to-Peer Electronic Cash System".
Jan 3 / 2009
The Bitcoin network was created by mining the starting block of the chain, known as the "Genesis Block".
It contained the first 50 $BTC and a message in the code:
"The Times 03 / Jan / 2009 Chancellor on brink of second bailout for banks."
During these 64 days, a new story relating to the concept of an entirely new type of money was started.
However, if there're not for Sat... We would never have heard about the crypto world.
So, who is behind it?
One thing we know, based on interviews, is that he thought the system out very thoroughly.
"His coding wasn’t conventional" Jeff Garzik, a core developer, wrote.
He didn’t apply the same rigorous testing that you would expect from a classic software engineer.
Attempt to reveal
There have been several people attributed with being or claiming to be Nakamoto.
But none of the claims or proposals have proven to be true.
Dorian Nakamoto, Hal Finney, Nick Szabo, Craig Wright, David Kleiman, etc.
Net Worth
An analysis by Sergio Lerner, an authority on Bitcoin and cryptography, suggests:
— Nakamoto mined many of the early blocks of Bitcoin
— He'd built up a fortune of around 1M unspent $BTC
That hoard would be worth more than $70 billion U.S. dollars as of March 08, 2024.
"If he'd be revealed, $BTC $BTC die"
Some argue that Bitcoin'd not be able to function as efficiently if the identity of Satoshi was revealed.
The arguments for this position would include:
— Decentralization / Focus on Technology
— Trustless System / Fostering Community
#BTC_Bounce_Back_to_57k #BinanceTurns7 #US_Job_Market_Slowdown #VanEck_SOL_ETFS #MtGoxJulyRepayments
This is Do Kwon.
Net worth over $3 billion.
Founder of Luna and UST, whose collapse wiped out $45 billion in one week.
Here's the untold story behind it
🧵👇
Do Kwon is a South Korean entrepreneur known for his work in the cryptocurrency space.
He holds a degree in Computer Science from Stanford University.
Before diving into blockchain, Kwon worked as a software engineer at Apple and Microsoft.
In 2018, Do Kwon founded Terraform Labs.
They raised $32+25M from Binance, Coinbase, Arrington XRP and Polychain.
In 2020, Terraform Labs unveiled the TerraUSD (UST) algorithmic stablecoin, which was pegged to the U.S. dollar.
The stablecoin was backed by the LUNA token, which theoretically helped maintain the stablecoin’s dollar value.
While everyone thought South Korea used UST, Terraform had artificially mirrored Chai transactions on its network to create the impression of legitimate traffic.
Kwon suggested they create “fake transactions that look real,” and promised to “try my best to make it indiscernible.”
Kwon always played his own game and misled people.
Before the crash, he accepted a $1M bet that Luna wouldn't fall lower and even offered a bet that UST wouldn't depeg.
So why did Luna and UST crash?
👇
In May 2022 Terra's Anchor Protocol started reducing the interest rates it provided for stablecoin deposits.
This caused a decline in the number of lenders, who started exiting UST
The burn-and-mint mechanism used by Terra allowed holders to swap UST for LUNA tokens was slow and faced technical issues, with exchanges pausing withdrawals.
This mechanism also led to the dilution of the LUNA token supply, causing its price to drop further.
The depeg of UST from the dollar became bigger as the automated mechanism at Curve’s pool created more discount to incentivize arbitrage traders.
As a result of these factors, UST lost its peg to the dollar, and the price of LUNA dumped.
#SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS #Megadrop
$LUNC
Net worth over $3 billion.
Founder of Luna and UST, whose collapse wiped out $45 billion in one week.
Here's the untold story behind it
🧵👇
Do Kwon is a South Korean entrepreneur known for his work in the cryptocurrency space.
He holds a degree in Computer Science from Stanford University.
Before diving into blockchain, Kwon worked as a software engineer at Apple and Microsoft.
In 2018, Do Kwon founded Terraform Labs.
They raised $32+25M from Binance, Coinbase, Arrington XRP and Polychain.
In 2020, Terraform Labs unveiled the TerraUSD (UST) algorithmic stablecoin, which was pegged to the U.S. dollar.
The stablecoin was backed by the LUNA token, which theoretically helped maintain the stablecoin’s dollar value.
While everyone thought South Korea used UST, Terraform had artificially mirrored Chai transactions on its network to create the impression of legitimate traffic.
Kwon suggested they create “fake transactions that look real,” and promised to “try my best to make it indiscernible.”
Kwon always played his own game and misled people.
Before the crash, he accepted a $1M bet that Luna wouldn't fall lower and even offered a bet that UST wouldn't depeg.
So why did Luna and UST crash?
👇
In May 2022 Terra's Anchor Protocol started reducing the interest rates it provided for stablecoin deposits.
This caused a decline in the number of lenders, who started exiting UST
The burn-and-mint mechanism used by Terra allowed holders to swap UST for LUNA tokens was slow and faced technical issues, with exchanges pausing withdrawals.
This mechanism also led to the dilution of the LUNA token supply, causing its price to drop further.
The depeg of UST from the dollar became bigger as the automated mechanism at Curve’s pool created more discount to incentivize arbitrage traders.
As a result of these factors, UST lost its peg to the dollar, and the price of LUNA dumped.
#SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS #Megadrop
$LUNC
Accidentally threw away an HDD with $427M on itSounds like fiction, but James Howells doesn't think
How it happened Everyone has probably heard the story of James Howells.
In 2013, this 27-year-old British developer's life changed when he threw away a hard drive that may now be the world's most expensive.
Howells had two 2.5-inch HDDs.One he wanted to throw away, and the other had a digital wallet with 7,500 bitcoins on it.
Unfortunately, the second HDD ended up in the landfill.
Now the programmer's lifelong goal is to find that hard drive.
James' plan
In 2017, when the price of bitcoin reached $13,000, James remembered about his HDD.After trying to plug it in, he realized what he had done.
That's when he petitioned the Newport City Council to be allowed to search the local landfill.
by studying garbage truck traffic,
James and his comrades narrowed the search area to 200 square meters.
The garbage is about 15 meters deep.
As a result, there is to search about 300k tons of garbage, and if the disk in the upper layers - then "only" 100k tons.
Reaction of the authorities
The city authorities did not allow James to excavate, believing it would cost millions of pounds and damage the environment.
Howells offered to pay a quarter of the treasure found, but this did not convince the city authorities.
All of James' requests were rejected, no matter what option he offered.
The City Council assures that it will not approve the excavation under any conditions.
Howells intends to sue, claiming that the authorities' actions constitute an illegal embargo on the drive.
New technologies
Howells hasn't given up and has taken it to the next level.
He hopes to convince local authorities to allow the hard drive search with the help of a hedge fund.
Venture capitalists from Switzerland and Germany have pledged $11 million for the project if it gets approval.
The plan is to use artificial intelligence and automation to sort through trash with minimal environmental damage.
The trash will be dug up by machines and sorting will take place at a temporary facility next to the landfill.
A special Max-AI machine trained to detect hard drives will assist with sorting.
For security, Howells envisioned 24-hour video surveillance and patrols by Boston Dynamics' Spot robotic dogs.
All for the greater good Howells plans to keep 30% of the bitcoins.Another 30% will go to the data recovery team and investors. The remaining money will go to the local community.
After the excavation, Howells wants to recycle as much of the waste as possible and rebury the rest. His team is considering building a solar or wind farm at the landfill site.
Howells avoids thinking about the failure or what he will do with the money so he doesn't freak out. He is now waiting to hear back from the authorities, perfecting the plan and preparing to start digging.
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments $BTC $ETH
In 2013, this 27-year-old British developer's life changed when he threw away a hard drive that may now be the world's most expensive.
Howells had two 2.5-inch HDDs.One he wanted to throw away, and the other had a digital wallet with 7,500 bitcoins on it.
Unfortunately, the second HDD ended up in the landfill.
Now the programmer's lifelong goal is to find that hard drive.
James' plan
In 2017, when the price of bitcoin reached $13,000, James remembered about his HDD.After trying to plug it in, he realized what he had done.
That's when he petitioned the Newport City Council to be allowed to search the local landfill.
by studying garbage truck traffic,
James and his comrades narrowed the search area to 200 square meters.
The garbage is about 15 meters deep.
As a result, there is to search about 300k tons of garbage, and if the disk in the upper layers - then "only" 100k tons.
Reaction of the authorities
The city authorities did not allow James to excavate, believing it would cost millions of pounds and damage the environment.
Howells offered to pay a quarter of the treasure found, but this did not convince the city authorities.
All of James' requests were rejected, no matter what option he offered.
The City Council assures that it will not approve the excavation under any conditions.
Howells intends to sue, claiming that the authorities' actions constitute an illegal embargo on the drive.
New technologies
Howells hasn't given up and has taken it to the next level.
He hopes to convince local authorities to allow the hard drive search with the help of a hedge fund.
Venture capitalists from Switzerland and Germany have pledged $11 million for the project if it gets approval.
The plan is to use artificial intelligence and automation to sort through trash with minimal environmental damage.
The trash will be dug up by machines and sorting will take place at a temporary facility next to the landfill.
A special Max-AI machine trained to detect hard drives will assist with sorting.
For security, Howells envisioned 24-hour video surveillance and patrols by Boston Dynamics' Spot robotic dogs.
All for the greater good Howells plans to keep 30% of the bitcoins.Another 30% will go to the data recovery team and investors. The remaining money will go to the local community.
After the excavation, Howells wants to recycle as much of the waste as possible and rebury the rest. His team is considering building a solar or wind farm at the landfill site.
Howells avoids thinking about the failure or what he will do with the money so he doesn't freak out. He is now waiting to hear back from the authorities, perfecting the plan and preparing to start digging.
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments $BTC $ETH
Solana: From a Garage Startup to One of the Largest Blockchains
I researched an interview with $SOL CEO Daniel Albert
The info I found was shocking...
Here is the past and the future of Solana Foundation
🧵👇
Why did Daniel join Solana?
He has been following the cryptocurrency industry since 2017
He joined Solana full-time in 2019
All the co-founders of Solana and most of the early developers, we all came from Qualcomm
Qualcomm is a large technology company; they manufacture chips for mobile phones and mobile networks
Daniel didn't join SOL immediately when he was invited because of his work in Antarctica
But later in 2019, he eventually agreed and entered SOL with 10-12 other people
What was Solana in 2019?
They had a small office in San Francisco, but they worked in Greg's basement during that 1st summer of 2019
$SOL
TX processing and the super-fast consensus that SOL is famous for were already functioning
Firstly they just play with stuff in Greg's house
Then they took it to a data center, installed them in a rack, and this was the 1st physical installation of SOL validators
About parallel execution of TXs
This is the main reason for the high TPS
SOL's consensus mechanism is very different from many EVM-compatible networks
The parallel execution engine allows Sol's environment, which actually processes your tx, to scale with the hardware
When performing tasks in parallel, it simply applies more cores and achieves greater parallelism over time
As long as people use the internet, and Intel, AMD, and Nvidia fight, chips will get faster, and data transfer speeds will increase Solana will always get faster
How meme coins affect the Solana ecosystem?
Overall, meme tokens are a healthy phenomenon
Firstly, they are fun. Solana is simple, fast, and cheap
Secondly, meme tokens create fertile ground for experiments, just like NFTs did
#Megadrop
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS
I researched an interview with $SOL CEO Daniel Albert
The info I found was shocking...
Here is the past and the future of Solana Foundation
🧵👇
Why did Daniel join Solana?
He has been following the cryptocurrency industry since 2017
He joined Solana full-time in 2019
All the co-founders of Solana and most of the early developers, we all came from Qualcomm
Qualcomm is a large technology company; they manufacture chips for mobile phones and mobile networks
Daniel didn't join SOL immediately when he was invited because of his work in Antarctica
But later in 2019, he eventually agreed and entered SOL with 10-12 other people
What was Solana in 2019?
They had a small office in San Francisco, but they worked in Greg's basement during that 1st summer of 2019
$SOL
TX processing and the super-fast consensus that SOL is famous for were already functioning
Firstly they just play with stuff in Greg's house
Then they took it to a data center, installed them in a rack, and this was the 1st physical installation of SOL validators
About parallel execution of TXs
This is the main reason for the high TPS
SOL's consensus mechanism is very different from many EVM-compatible networks
The parallel execution engine allows Sol's environment, which actually processes your tx, to scale with the hardware
When performing tasks in parallel, it simply applies more cores and achieves greater parallelism over time
As long as people use the internet, and Intel, AMD, and Nvidia fight, chips will get faster, and data transfer speeds will increase Solana will always get faster
How meme coins affect the Solana ecosystem?
Overall, meme tokens are a healthy phenomenon
Firstly, they are fun. Solana is simple, fast, and cheap
Secondly, meme tokens create fertile ground for experiments, just like NFTs did
#Megadrop
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS
