jack (@7766777) • Hey
crypto lovers
Publications
- **Solana cryptocurrency could grow by 10600%**
**Analysts at the VanEck management company believe that the Solana blockchain will become the first network to reach 100 million users, and the value of its SOL coin will increase from $32 to $3,211 by 2030.**
Experts say that Solana is becoming Ethereum’s strongest competitor and may well surpass the second cryptocurrency in terms of capitalization. At the same time, in the future, the Solana network is able to distance itself from Ethereum in order to emphasize its advantages — fast transaction processing speed and scalability.
Currently, the total amount of funds blocked in projects based on the Solana blockchain is $378. Since the beginning of the year, the rate of the SOL coin has increased by 200% and the cryptocurrency is now trading at $32. However, according to analysts at VanEck, there could be some pullback in SOL in the near future and the coin could fall below $30.
In early October, Solana Labs developers deployed update 1.16, which introduced support for confidential transactions.
Previously, VanEck analysts said that by 2030 ether will reach a price of $11,850, and in the best case it could cost $51,000. The new report talks about $13,000 per ETH coin.
- **Optim Initial Liquidity Event (ILE)**
The ODAO approved and voted to move forward with Optim’s Initial Liquidity Event (ILE).
We are excited to commence this crucial step in Optim’s journey. The support and enthusiasm of the Cardano community has been incredible, and we look forward to continuing to build a more equitable and decentralized financial future together.
This article details the process, timeline, and mechanics of the ILE. If people have further questions and need clarification on any aspect of the ILE don’t hesitate to join us on Discord(link below or hyperlink?). The general channel is a great place to learn about anything Optim related along with our customer support ticket system.
**Overview**
Optim’s Initial Liquidity Event (ILE) will distribute the OPTIM and OPTMiz tokens to participants.
Optim will allocate 11,000,000 OPTIM (11% of total supply) to its ILE.
Another 4% of potential supply, if converted, in the form of 4,000,000 OPTIMiz tokens, will also be distributed.
More detail on OPTIMiz will be released, but when paired with OPTIM/ADA LP tokens OPTIMiz will be convertible to OPTIM. OPTIMiz tokens are a bonus to be automatically received with each OPTIM.
**11,000,000 OPTIM*– 8,000,000 OPTIM tokens will be available to ILE participants —***
- **3,000,000 OPTIM tokens will be paired with ADA for initial Protocol Owned Liquidity** (POL) on TBA DEX. **4,000,000 OPTIMiz**
Distributed pro rata, with each 1 OPTIM token receiving a bonus of 0.5 OPTIMiz.
The OPTIM <> ADA Liquidity Pool with 3,000,000 OPTIM and 1,500,000 ADA will be created on To-Be-Announced (TBA) DEX when the ILE ends. Immediately following, OPTIM tokens will be sent to ILE participants. Both the DEX LP creation and OPTIM distribution to participants will occur within 24 hours of ILE ending.
*OPTIM and OPTIMiz tokens received by the community will not be in the form of LP tokens.
It is up to individuals to decide what to do with the OPTIM tokens received via the ILE. The LP tokens in TBA DEX will be created by pairing the amount of ADA allocated to the ADA/OPTIM pool with the 3% of OPTIM supply reserved for this purpose.
**Process**
On October 27th, 2023 the OPTIM and OPTIMiz tokens will be sent to the ODAO treasury owned wallet for distribution. The ODAO treasury will then push these tokens to the distribution system for the ILE.
**The Initial Liquidity Event (ILE) will begin October 28th, 2023 12:00 UTC and end 48 hours later**
The ILE consists of 3 phases: First Swap Phase, Second Swap Phase, and Settlement Phase.
- Gm 🙋🏻♂️
Do you smell the bull market, right?
My mum is ready and waiting to level up my next purchase 😃🪡🧵😁
- **Star Atlas Giving null.35 Million in Loot to Players of Revolutionary Browser Game on Solana**
*Worldwide Golden Ticket event is the biggest Star Atlas reward campaign yet with players competing for a new reward pool of a minimum of $150,000 every week with a bonus $150,000 on the first week by crafting and discovering in-game golden tickets.*
Star Atlas is once again taking traditional gaming to the next level with revolutionary web3 technology, this time with bountiful player rewards in its Golden Ticket event. This exclusive opportunity, part of the Star Atlas Golden Era (SAGE) Labs browser game on Solana, allows players to craft, trade, and win from a whopping loot pool of null.35 million over an 8-week promotional period.
To participate, players can craft Golden Tickets by using all crafted in-game assets in a special crafting recipe within the SAGE Labs game. These tickets are unique Semi-Fungible Tokens (SFTs) that can be entered into a weekly loot drawing of $150,000. The first week offers an increased loot pool of $300,000, featuring an extra Commander class ship. The inaugural weekly drawing will happen on **November 3, 2023**, while the participants will be able to submit their golden tickets for this drawing **from October 27, 2023 onward**. Please follow the Star Atlas Twitter and Discord channels for details.
- **Progress Report — CorePass, Ping, Testing Stats, and More**
Dear community,
We are pleased to update you on the significant progress achieved in multiple areas of our development over the period of the past month.
Acknowledging the unfortunate slight delay in the ultimate release of CorePass ID and Ping Exchange is a challenging subject to tackle, albeit necessary to maintain transparency. While we sincerely apologize for any inconvenience this may have caused and empathize with the community’s understandable frustration, it shall be acknowledged that the primary factor impeding the release is presently beyond our control.
That being said, let us delve into the primary reason behind this delay and dissect the remaining adjustments necessary to ensure a flawless launch.
Current iOS Situation with Regard to CorePass🔄
Below, find updates on the status of the CorePass ID app approvals. While the Google Store approval remains in place, the iOS store has presented our developers with a considerable volume of feedback, which they’ve been diligently addressing.
We understand that the iOS team prioritizes user experience and UX/UI, and while this is commendable, it has inevitably slowed down progress for other teams and the ultimate releases of CorePass ID and Ping Exchange.
However, our initial stance still holds true. We’re committed to ensuring that the app is accessible to the entire community. Releasing it to only one platform wouldn’t be equitable for users and potential traders, given that accessing Ping Exchange is contingent on CorePass login. Given the extensive revisions requested by the iOS Store, we’re preparing a resubmission, which we anticipate will be submitted within approximately a week’s time.
The tweaks required for the application will also result in submitting an update for the Google Store, which is expected to grant approval rather smoothly, yet could prove to cause an extra day’s delay. Naturally, this process is of great importance to ensure that both the iOS and Google Store versions of the app are identical.
Due to the confidentiality of information exchange with iOS, we cannot specify the issues and subsequent changes, but we can bring you a general list of the tweaks to the CorePass ID application and developer updates:
Read More: https://medium.com/codetech/progress-report-corepass-ping-testing-stats-and-more-044d86860769
- **How to Know Exactly When to SELL a Cryptocurrency — 3 Simple Steps**
Today, we’re diving deep into a critical aspect of crypto investment — the art of selling. Many people just keep buying or DCA into their preferred coins but have no idea how to take profits and when’s the right time to start selling.
This is part two of this:
3 Simple Steps To Know When To Buy a CryptocurrencyMastering Cryptocurrency Investment Like A Pro!medium.com
**Contrary to popular belief, you shouldn’t DCA to eternity. Especially in crypto where the space is still in its infancy. Unrealized profits are just a number on your screen and mean nothing until you make them reflected in your bank account.**
Knowing when and how to part ways with your digital assets is just as vital as choosing the right time to buy. In this blog post, we’ll unravel the intricacies of selling cryptocurrencies and help you master this essential skill. Note that this information is meant only for investors, not swing or day traders.
Step 1: Establish Clear and Measurable Goals
Begin by setting specific and achievable goals. When you invest in a cryptocurrency, determine what your objectives are.
For example, let’s say you purchased Bitcoin at $20,000, then based on your own research, your objective should be clear I’ll start selling when the price breaches $65k. I’ll sell 20% each at $65k, $68k, $70k, $75k, and ride the rest of the way. Start buying for the long term again only when the buying conditions are met again later as I’ve covered in my previous article.
Having these clear goals provides a solid foundation for your selling strategy. Your goals serve as a guiding light, enabling you to measure your success and maintain discipline in the volatile crypto market.
Step 2: The 50-day, 100-day, and 200-day MA
Now, let’s delve into the importance of chart analysis and moving averages in your selling strategy, using Bitcoin as an example:
**Examine the Price Chart:**
When contemplating selling, conduct a thorough analysis of the cryptocurrency’s price chart. In any case, you should only start selling when the chart is comfortably positioned above the 50-day, 100-day, and 200-day moving averages. This positioning suggests a bullish market trend. Most people do the opposite of what they should actually do. They buy when the market is going up, and sell when the market is going down. **Don’t be like them!** You should be doing the opposite. **Understanding**
**Moving Averages:**
Moving averages are indicators that smooth out price data to create a single flowing line. The 50-day, 100-day, and 200-day moving averages are crucial references. Selling when the chart is above these moving averages implies that the market has been in an upward trend for a while now, which often signifies a favorable time to sell before the opposite trend takes place.Step 3: Monitor the Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a powerful tool to gauge the momentum and health of a cryptocurrency. Use the RSI to determine the right moment to sell:
**Threshold of 75:**Sell only when the RSI surpasses the 75 threshold. When the RSI climbs above 75, it typically indicates that the cryptocurrency is overbought, and a correction may be on the horizon. This is a valuable signal for considering a sell order.
**If all these three are checks ☑️, you should start selling your coins by DCAing up. Don’t do the opposite and make the rookie mistakes 90% of people do hence never make actualized profits from the market.**
- **New AI Cryptocurrency**
rtificial intelligence generally we say AI. That uses AI in the cryptocurrency to improve its functionality and performance. It works on the various aspects of a cryptocurrency such as its security, scalability and efficiency.
AI cryptocurrencies are still a relatively new field, but they have the potential to revolutionize the way that cryptocurrencies are used and developed. AI can be used to create more secure, scalable and efficient cryptocurrencies. Which could make them more attractive to users and investors.
The Fours Fastest Gowing Cryptocurrency1. The Graph (GRT)
The Graph is a decentralized protocol for indexing and querying data from the blockchains. This cryptocurrency allows developers to build powerful dApps without having to worry about the infrastructure.
The graph is the native token that is used to pay the index and querying services.
According to the CoinMarketCap the Graph is trading at $0.08277 with a growth increase of 0.28% in the last one day. And its market capitalization is $754M USD.
**2. Injective Protocol (INJ)**
The injective protocol is a decentralized exchange. Which provides traders with a number of innovative features such as zero-slippage trading, perpetual contract and margin trading. INJ is a native token that is used to pay for the fee and to participate in governance.
According to the CoinMarketCap the Injective is trading at $7.73 in the last month it has increased by 6.92%. And it market market capitalization is $645.69M USD.
**3. Fetch AI**
The Fetch AI is a decentralized cryptocurrency network of autonomous agents that can be used to automate a wide range of tasks, such as data processing, trading and supply chain management.
FET is the native token for fetch AI and it is used to pay for use of the network.
According to the CoinMarketCap Fetch AI is trading at $0.214 and in the last year it increased by 154% and its market captiliztio is $226.97M USD.
**4. Ocean Protocol (OCEAN)**
Ocean protocol is a decentralized platform that allows users to buy sell and share the data. It also allows developers to build the AI application on the platform.
OCEAN is the native of the platform and it used to pay for the data to participate in governance.
According to the CoinMarketCap Ocean Protocol is trading at $0.296 and it increased 95.76% in the last year. And its market capitalization is $131M USD.
- **Five Years Of Cryptocurrency Altcoin Seasons Tell Us To BE READY**
I believe these could be LIFECHANGING chart patterns and yet I’m hardly excited.
Last week I scanned 179 crypto charts and I posted my favorite ten.
It just seems so factual and objective…
I kind of feel silly pointing it out.
Today I’m going deeper and showing you **why I’m so relaxed and prepared** for this Altcoin Season in October of 2023.
Let’s Walk Down Crypto Memory Lane
Remember 2018 and those crazy days?
*2018 DOGE 450% gains (screenshot by author)*2019
Goodness, we had so much fun with LINK, back in the day…
*2019 LINK/BTC clocks 62% (screenshot by author)*Remember the gains from 2020?
It seems to me that the same chart patterns are **setting up now** in October 2023.
Read More:- https://medium.com/coinmonks/five-years-of-cryptocurrency-altcoin-seasons-tell-us-to-be-ready-8bf710e7f5ef
- **Uniswap, a decentralized cryptocurrency exchange, offers Android users a mobile wallet.**
In the ever-evolving realm of cryptocurrency, Uniswap has solidified its position as a pioneer in the decentralized finance (DeFi) space. Known for its continuous innovation and commitment to accessibility, Uniswap has recently taken a noteworthy step in catering to the burgeoning community of Android users by introducing a mobile wallet. With this move, Uniswap empowers users to embrace the world of DeFi on their Android devices.
Revolutionizing Decentralized Finance:
In 2018, Hayden Adams laid the foundation for Uniswap, bringing forth a pioneering method for engaging in cryptocurrency trading that dispenses with the requirement for conventional middlemen. The decentralized character of this platform is made possible by the utilization of smart contracts on the Ethereum blockchain, affording users the capability to directly exchange a variety of cryptocurrencies from their personal wallets. This innovative concept not only simplifies the trading process but also elevates the levels of security and transparency within transactions.
Read More- https://medium.com/@news-about-crypto/uniswap-a-decentralized-cryptocurrency-exchange-offers-android-users-a-mobile-wallet-29b83a272bbf
- **🙌 The easiest money! Earn crypto without investments.**
Hello, everyone!
Today, I will tell you how you can earn money with domain names without investing in them!🤑
Honestly, I’ve been using various programs of the .ART domain zone for a while now, and I’ve already earned around $300!
I was recently invited to the **closed alpha testing** of this wonderful new product **where you can reserve .ART domains with points**, and if someone buys them, **you receive your percentage of the domain purchase in crypto!**
How to start earn money with FANTASY PORTFOLIO? **Join discord** and create a ticket with the message **“I want to test FANTASY PORTFOLIO”** and they will add you to the lists. When everything is ready, they will grant you access.Once you are granted access, you will also be given points to test the platform and reserve interesting domains for yourself.Domains are reserved for six months, and during this time, if someone purchases your domain through your link, you will receive approximately 10% of the domain’s price. If it’s purchased on another platform without your link, you’ll receive 5%.
***Examples of earnings:👉 Goodbye.art** cost $10.000 = **$500 or $1000.***
***👉 Dracula.art —** $910 = **$45 or $91.***
- Hey anon, hey!
Hey @lensprotocol family! We are excited to announce our brand new home, https://hey.xyz!
**Why the change?**
Because we wanted to re-introduce ourselves as the one-stop shop for all things Lens. we will be continuing to showcase the latest features from the protocol while listening to our community for what they want to see next.
We will be exploring communities, open actions, and whole new ways you, your NFTs, and the DAOs you’re a part of can benefit from web3 social powered by Lens. This is just the beginning, so thanks for stopping by, and saying hey!
Collect this first ever post by Hey (24 hours!)
- **Ruby One Referral Campaign — Be The One With $RUBY Reward**
**First things first, get your referral link**
**👇👉👉👉 Right Here 👈👈👈**
Since 2009, the crypto space has gradually grown into a tech industry of itself. However, unlike the traditional ones, the crypto space is where users, probably for the first time ever in modern history, need to be their own banks, and fully grasp that the concept of self-custody makes users the sole responsible entity for their data and assets.
*“Security at the expense of usability, comes at the expense of security.”*
Just as the quote goes 👆 **the real conundrum for the crypto builders is to make things easier and simpler to use while preserving all the privacy and security features.**
This is a huge responsibility for all builders of this space as the crypto movement and web3 give us a chance to level the playing field, bypassing the highly centralized existing financing and decision-making structures.
And precisely because of such significance, we need a better product with a better user experience **so more people can understand and know how to practice privacy, access-control, and eventually use crypto.**
**Ruby One, an MPC wallet developed by Ruby Protocol, is designed as the friendliest Web3 wallet to manage your cryptocurrencies.**
It is a safe place to **Buy / Sele / Store / Transfer / Manage / Recover** your cryptocurrency, allowing an authentic but easy and comfortable crypto experience.
With Ruby One, your real crypto life starts here.
- Are you ready for a journey that merges the thrill of NFTs with a captivating quest? VaporWallet presents the **1st Quest, a groundbreaking experience set to launch on September 5, 2023, through the official website,** **www.vaporwallet.co.**
Embark on this extraordinary quest and immerse yourself in a multi-tiered NFT challenge that promises excitement and rewards. Here’s how you can join the quest and reap its rewards:
**Quest Tasks:** The quest consists of tasks and actions that users need to complete. Completing certain tasks within the quest allows users to accumulate points. Here’s a breakdown of how the quests are tied to earning points in VaporWallet:
Read More:- https://medium.com/@VaporWallet/introducing-vaporwallets-1st-quest-16bcbf5b58e6
- 🌟 The Evolution of Cryptocurrency in East Asia: Insights from Chainalysis Report 🌟
🚀 Cryptocurrency, once a distant concept, has evolved into a global phenomenon over the past decade. This transformative journey has not been without its challenges, including a bear market in 2022. However, despite these hurdles, the adoption of cryptocurrencies has soared, especially in developing nations. In this ever-changing landscape, East Asia has emerged as a pivotal region, offering both promising opportunities and unique challenges.
Photo by Kanchanara on Unsplash🌏 A Shift in East Asia’s Crypto Dynamics
In 2022, East Asia experienced a mere 4% year-over-year growth in transaction volume, marking it as the region with the lowest crypto activity. This decline can be attributed to the stringent restrictions imposed by the Chinese government. In contrast, just two years prior, East Asia was the second-largest region globally in terms of crypto transaction volume.
🔗 Hong Kong’s Crypto Renaissance
But amidst the gloom, a ray of hope emerges. Chainalysis, a leading authority in cryptocurrency data analysis, has shared a recent report that sheds light on this transformation. Hong Kong, in particular, has emerged as a global crypto and blockchain innovation hub. Eastern Asia, as a whole, now ranks as the fifth most active crypto market, accounting for a substantial 8.8% of global crypto activity from July 2022 to June 2023.
https://medium.com/@solidity101/the-evolution-of-cryptocurrency-in-east-asia-insights-from-chainalysis-report-8a68afad7ca1
- **Investing in Cryptocurrency 101**
Once an obscure niche interest, cryptocurrencies like Bitcoin and Ethereum are now mainstream investments. In 2021 alone, the total crypto market cap soared from $780 billion to $3 trillion.
But for many people, crypto remains a confusing mystery full of risks and unknowns. That’s why I’ve written this comprehensive beginner’s guide to investing in cryptocurrency.
By the end of this article, you’ll understand exactly what cryptocurrency is, why it has value, how to buy your first coins, strategies to build a diversified crypto portfolio, ways to securely store your investment, and how to minimize your tax obligations.
Let’s get started!
**What is Cryptocurrency?**
Cryptocurrency is digital money that is secured using advanced cryptography (the science of encoding and decoding information). Unlike traditional “fiat” currencies like the US dollar which are controlled by central banks, cryptocurrencies are decentralized. They are not issued or regulated by any government or financial institution.
The first and most famous cryptocurrency is Bitcoin, which was created in 2009 by the mysterious Satoshi Nakamoto. Since then, thousands more cryptocurrencies have been created using Bitcoin’s open-source code.
Some key features that make cryptos unique as an asset class:
**Decentralized:** No single entity controls the network. It is maintained by a distributed network of computers around the world.
**Secure:** Cryptocurrency funds are locked using public and private keys. Transactions are confirmed using cryptography and recorded on a tamper-proof public ledger called the blockchain.
**Pseudonymous:** You can hold and transact crypto with an address that is not linked to your real-world identity. However, transactions are public on the blockchain.
**Global & borderless:** Cryptocurrencies allow fast, low-cost cross-border payments to anyone in the world.
**Limited supply:** New coins are created through a process called mining. Supply eventually caps, creating digital…
- **The Only AI Cryptocurrency Assistant You’ll Ever Need**
Properly managing a cryptocurrency portfolio can be a time-consuming process, mainly due to the fact you’re interacting with several different services in order to make a decision. Your regular portfolio management (applicable to trading too) workflow looks something like this:
Check crypto newsCheck market chartsResearch X coinCheck Wallet balancePurchase X coinPurchase more of Z and Y coinGet a portfolio snapshot
At the very least you’ll be using a cryptocurrency exchange or TradingView for charts, and a Search engine to research information on a specific asset and browse crypto news that day.
I wanted to simplify this workflow as much as possible so I built an AI assistant that should be able to handle most of these requests under one, very simple GPT-like interface. The tool started off as more of an experiment rather than anything else, but I grew very fond of it while building it when I realised that this could actually be useful.
Introducing Cryptocurrency GPT — an open-source AI assistant that can help you easily manage and grow your crypto portfolio, all in one place. I also covered the tool in a **YouTube Video** if you want to see it run live.
All with a simple chat request. The best thing is that is completely open source and extensible so you can add any number of additional features to it.
- **Introducing CryptocurrencyGPT — An Open Source All-In-One Cryptocurrency Assistant**
I always wanted an AI assistant that can carry out different tasks on my cryptocurrency portfolio and I’m stoked to share with you this awesome tool that I’ve built.
The idea came to me as a way to simplify the process of managing a cryptocurrency portfolio. In many way, AI assistants are going to completely revolutionise how we interact with software, moving away from clicking multiple buttons, to simply requesting something from the AI assistant, be it by typing, speaking or other mechanics (thoughts?).
Especially when it comes to buying and selling cryptocurrency, we normally perform multiple tasks before placing a buy or sell order. You might want to know the current price of the asset, maybe look at a chart and read up on the fundamentals or tokenomics of the asset before committing.
What if you could have an assitant that can help you with all of this without you having to manually action all of these points?
CryptoCurrency GPT is open source AI assistant that expands the functionality of OpenAI’s ChatGPT by incorporating additional features specifically designed to help you with this. It is written in Typescript, Astro and JavaScript and can easily be run locally with minimal technical skills.
Let’s go through the main features.
https://youtu.be/tdSK1ecFfFQ
- **What is Polymarket? A Crypto Story.**
I’m old. Relatively speaking. The Crypto community is largely made up of young people, but I’ve stayed up on new technologies most of my career and I pick things up fairly quickly.
I started buying BTC in 2016, which worked out of course. I’ve acquired a few other tokens (ETH, SOL, ALGO, DOT) along the way, which haven’t worked out just yet. I also picked up a few NFTs just to feel like I’m participating.
I definitely don’t consider myself a *crypto enthusiast* but I’m not completely in the dark about how blockchains and web3 work. To be fair, though, I’m still a novice.
So when a friend tried to explain Polymarket to me earlier this year, I was both intrigued and confused. At that time, crypto was still hot and BAYC (Bored Ape Yacht Club) was trading north of $300K.
Read More- https://medium.com/@jeffsolomon/what-is-polymarket-a-crypto-story-990c17e4d5d5
- Tinkering around 🗝️
- **Mt. Altitude Erupts: Introducing the $ALTD Public Sale**
Dear Altitudians, we finally have a major peak in sight on our track on Mt. Altitude. Buckle up as we prepare for the final ascent!
TL;DRAltitude is launching the $ALTD token via Public Sale in a LBP on Fjord Foundry on Ethereum Mainnet from **August 22nd** through **August 26th**Deployment of our Mainnet protocol will happen on **August 28th** and listing of $ALTDAnnouncing our Horizon Campaign celebrating our launch and leading you into Mainnet with a bangWen Public Sale $ALTD?
The public sale of our native token, $ALTD, will take place on the renowned Fjord Foundry platform. As an expert in Liquidity Bootstrapping Pools, we will be partnering with Fjord to launch $ALTD utilizing the most fair and market driven mechanic known to Web3.
To make sure you are able to fully prepare for the Altitude LBP, we will share with you the 411:
Start Date: August 22nd, 12PM UTCEnd Date: August 26th, 12AM UTCSale Duration: 3.5 days (84 hours)Starting price: $.42Ending price: .0019Initial ALTD pooled: 7,000,000Initial USDC pooled: 30,000Starting weights will be: ALTD 99% : USDC 1%End weights will be: ALTD 30% : USDC 70%**Link to the Altitude LBP on Fjord Foundry can be found: HERE**Wen Mainnet?
Altitude Mainnet will go live on August 28th to start the revolution of DeFi that we have been working on with you all.
You will be able to provide liquidity, bridge assets, earn farming rewards and stake $ALTD for $gALTD to earn protocol bridging fees. Additionally we will start working towards building our governance program.
More on this later.
- **The Revolutionizing Impact of AI on Cryptocurrency (2023)**
Artificial Intelligence (AI) has emerged as a game-changer in various industries, and the world of cryptocurrency is no exception.
As digital currencies continue to reshape the financial landscape, the integration of AI technologies has accelerated their growth and transformation. By leveraging machine learning, data analysis, and automation, AI is revolutionizing the way cryptocurrencies are created, traded, and managed.
Keep reading as we explore how AI is changing the cryptocurrency landscape and the implications it has for the future of technology.
AI Enhanced Cryptocurrency Trading Strategies
One of the major areas where AI has impacted cryptocurrency is in the trading of various cryptocurrencies. Machine learning algorithms can analyze vast amounts of historical data, identify patterns, and make data-driven predictions regarding market trends and price movements.
This enables traders to make informed decisions and execute trades with higher accuracy and efficiency. AI-powered trading bots can monitor multiple exchanges simultaneously, execute trades at optimal times, and adjust strategies in real-time based on market conditions.
Additionally, AI has introduced new levels of automation, speed, and precision to cryptocurrency trading, benefiting both individual traders and institutional investors. Take note that these tools are also being used by fiat investors, and that the world of stock trading has changed radically in response to AI, and we expect the changes haven’t fully been realized just yet.
- Our core contributors are always thinking about how we can build value into the ecosystem in methodical, data-driven ways. We also value conversations with traders to help drive improvements to our ecosystem — something that has been part of our DNA since day 1.
This article has in-depth context on our protocol philosophies, how they translate into the future of Vela Exchange, and details surrounding our Roadmap.
But first, some learnings.
After conversations with our closest community members, partners, and advisory board, two important points came up that we felt were important to share.
Takeaways From Official LaunchBuilding for the future of DeFi and crypto is the #1 priority
It’s important to look at the dynamic environment as a whole and not lose sight of the big picture.
DeFi has shifted dramatically since just 2021. Advanced infrastructure and L2s have enabled on-chain activities we could only have dreamed of in the past. Some of the largest protocols have fallen, while new players have come to dominate certain sectors.
At Vela Exchange, we need to do our best to build not only the best place to trade perpetual products but also to be a platform traders call their HQ. The place where you can manage your trading journey and portfolio at a fundamental level, while also navigating into the leveraged trading world.
This means we may spend time building sophisticated plumbing and less ‘sexy’ features in order to prepare for the future. Staying ahead of the curve is a continuous marathon, and we need the right people and mindset to accomplish greater things.
Incentives will be revisited at a fundamental level for the current economy and future
Ah, our favorite subject. Incentives.
The airdrop brought in a fair bit of controversy, and there was a lot of internal and external dialogue to dissect the best learnings from the airdrop event.
Hyper VLP also brought in some valuable learnings.
The outcomes of our discussions have some crucial impact on how things go moving forward:
Regarding airdrops, having an airdrop with a live token is a juggling act, and adds a challenge that we prefer to avoid so we can focus on the product. We are removing the launch airdrop for the sake of ecosystem health. For now, the beta airdrop will be the last airdrop until further notice.
Hyper VLP did great in some aspects, but some important learnings / details need to be communicated.
- **Crypto Takes Over SXSW: Blockchain Events & Survival Guide**
The last year has been incredible for blockchain technology, so it’s no surprise that crypto will be a huge theme at SXSW.
Most events can be accessed with a SXSW pass. Events that require an RSVP or ticket are marked with an asterix.
**Events for ICOs and Investors**
Initial Taco Offering - The Founders Organization
**When:** Sunday 11th March, 10:30AM–7:00PM
**Where:** Bob’s Steak House, 301 Lavaca St.
ICOS: Venture Financing from an Invisible Crowd
**When:** Sunday 11th March, 11:00AM–12:00PM
**Where:** Hilton Austin Downtown, Salon K, 500 E 4th St.
SXSW Crypto Summit: New Girls on the Block
**When:** Monday 12th March, 11:00AM — 10:00PM
**Where:** Hotel Van Zandt, 605 Davis St.
ICO Alternative Financing for Startups
**When:** Tuesday 13th March, 9:30AM –10:30AM
**Where:** Hilton Austin Downtown, Salon DE, 500 E 4th St.
Crypto Economy / ICO 2018
**When:** Wednesday March 14th, all day
**Where:** Empire Control Room, 606 E. 7th St.
$100,000 Blockchain Investment Challenge
**When:** Thursday 15th March, 2:00 — 4:00PM
**Where:** JW Marriott, Salon E, 110 E 2nd St.
**Events for Blockchain Beginners**
Blockchain and the Impact of a Decentralized World
**When:** Monday 12th March, 12:30–1:30PM
**Where:** Austin Convention Center, 500 E Cesar Chavez
What is Blockchain? How Will It Change the World?
**When:** Wednesday 14th March, 11:00AM-12:00PM
**Where:** JW Marriott, Salon D, 110 E 2nd St.
**Finance and Economics Focussed Blockchain Events**
World Tokenomic Forum: CryptoHaus 2018
**Where**: CryptoHaus
**When:** 9–13th March, all day
Trust in the Age of Misinformation
**When:** Saturday 10th March, 12:30–1:30PM
**Where:** Courtyard Marriott, Rio Grande Ballroom
SingularDTV Post-Panel Cocktail: Tokenized Economics and Mixed Drinks
**When:** Saturday 10th March, 4:30–5:40PM
**Where:** Austin Convention Center, 500 E Cesar Chavez.
Cryptocurrencies: A New Future for Money
**When:** Tuesday 13th March, 11:00AM — 12:00PM
**Where:** JW Marriott, Salon A, 110 E 2nd St.
How Blockchain Will Impact Financial Markets
**When:** Thursday 15th March, 3:30–4:30PM
**Where:** JW Marriott, Salon D, 110 E 2nd St.
- gm #lensfam #ethcc 🌿
It's been an exciting day! The release of @lensprotocol.lens V2 was EPIC! I can't wait to see how all these amazing features evolve this beautiful garden. It kind of felt like Christmas reading the release notes. 💚
The release of [quadraticlenster.xyz/](https://www.quadraticlenster.xyz/rounds-overview) is next level. This publication will be participating in the #ethcc round in hope to gain support for a concept that I am planning to roll out in the coming weeks. Check out this awesome post by @definn.lens for more info.
[https://lenster.xyz/posts/0x01a14e-0x011f](https://lenster.xyz/posts/0x01a14e-0x011f)
I have been minting music exclusively on #Lens since December of last year, and have seen the potential for collaboration amongst musicians and visual artists. Having worked with a couple of artists on collaborative drops in the past months, it created a desire in me to make this happen more often.
My plan is to create a profile using @lensclubs.lens that will focus on collaborations between musicians, photographers, visual artists, painters, videographers, and other artists that feel a call to collaborate. We will call ourselves... Various Astronauts ✨🧑🚀
If you feel the same way I do and see yourself working with a small crew of artists around the globe to create some beautiful content on Lens, leave a comment below to be added to the list of future invites. In the meantime, follow @variousastronauts.lens and stay tuned for our first drop coming soon!
Oh, and be sure to tip this post and others at [quadraticlenster.xyz/rounds-overview](https://www.quadraticlenster.xyz/rounds-overview) ❤️🔥❤️🔥
✌🏼🎵🎨🌿💚✨
#Creators #Web3Music #Art #Collaboration
<span className="hidden"> This post is included in the ethcc round (0xa2ae8421776035c398c22e143290697da09d19d7) at quadraticlenster.xyz </span>
- **Dogecoin — Crypto News**
Dogecoin (DOGE, symbol: Ð and D) is aLitecoin-derivedcryptocurrencyfeaturing a Shiba Inu from the Doge Internet meme on its logo.
The users themselves call it “joky”. One of the most popular uses of the coin is the reward of Internet users for interesting and quality content created or shared by them. It was introduced on December 8, 2013.
Compared to other cryptocurrencies, Dogecoin has a fast initial coin production schedule: there will be approximately 100 billion coins in circulation by the end of 2014 with an additional 5.2 billion coins every year thereafter.
- **Ethereum’s On-Chain Movement Indicates A Bull Run To $3k**
The cryptocurrency market has been experiencing significant volatility in recent months. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has shown promising signs of a potential rally to $3,000.
***By analyzing on-chain data and ETH price charts, it becomes evident that bullish pressure is building around Ether.***
This article will delve into the factors that suggest an upward trend, including decreasing exchange balances, surging staking deposits, and technical analysis of ETH prices.
**Ethereum’s Decreasing Exchange Balances**
One compelling factor pointing towards an impending bullish rally for Ethereum is the decreasing exchange balances.
***According to Glassnode data, ETH held on exchanges has reached an all-time low of 12.6% after a significant drop in the last 30 days.***
- **Crypto news: What Happened Since Last Week**
The cryptocurrency market is filled with surprises; now, the market is going up, and in an instant, everything comes crashing down. The most influential currency in the crypto world is Bitcoin, and in many situations, this dominant currency dictates the market trend. Bitcoin and the entire crypto world get affected mainly by the news, government regulations, and media. Every week, if any of these influential factors come up, the market will react. Since its inception in 2009, crypto has been affected by other news all through the week. This week wasn’t left out as it was a busy week for the world of cryptocurrency. Some of the significant events that happened this week include;
**Elon Musk at it again!**
As a crypto trader and investor, you know that no single investor or trader has a right to change the activities of the market. However, some personalities have a massive influence on the trends of the crypto market. One of these persons is the CEO of Tesla Motors, Elon Musk. Elon Musk had in the past influenced the value of cryptocurrencies like Bitcoin and Dogecoin positively and negatively. His company Tesla was influential in the recent crash of Bitcoin and the entire cryptocurrency in May. However, this time, Musk did some good to the crypto world. He took to his famous Twitter platform to explain that Tesla may soon accept Bitcoin as a form of payment. He added a condition to that tweet. Elon claimed that if Bitcoin miners can reduce their energy impact by about 50% and improve the future, the company will accept Bitcoin in the future. This statement by Elon pushed the price of Bitcoin to the $40000 range.
**2. New Bitcoin upgrade approval**
For the past four years, there has been no upgrade to Bitcoin until this past week. On Saturday, this upgrade was approved, and it will kick off this week. This will help transparency on blockchain and will give room to smart contracts.
**3. Covid-19 positive attendees**
If you didn’t hear about it before now, there was a Bitcoin conference on the 4th and 5th of June in Miami in America. Unfortunately, the organizers of this event didn’t put strict rules against the COVID-19 virus. However, there were rumors about some attendees contracting the virus. However, officials from the mayor’s office in Miami debunked that the conference was a major spreader of the virus.
**4. El Salvador moves towards Bitcoin being a legal tender**
As much as there are millions of Bitcoin traders and investors worldwide, no single country has accepted the currency as a legal tender. However, El Salvador became the first country to create a rule that accepts the legal tender of Bitcoin. The meaning of this rule is that Bitcoin can now be used for buying and selling legally in the state.
**5. FBI uncovers $2.3 million Bitcoin fraud.**
This past week, the justice department of the FBI recovered $2.3 million worth of Bitcoin. This amount was paid to some hackers of ransomware by colonial masters. This news caused a scare about bitcoin being hacked, which reduced the price of Bitcoin a bit.
**6. US senator calls for crypto regulation**
A senator of the United States of America, Elizabeth Warren, called for the regulation of cryptocurrency.She sighted that crypto was an excellent opportunity for scammers to rage some investors.
- We are thrilled to announce we have collaborated with Coinbase Wallet and @xmtp_.lens. With this integration, Lens Protocol users can now message directly within Coinbase Wallet.
Interoperability is more than just a buzzword in the Web3 space; it's a fundamental building block. Lens users can message directly from Coinbase Wallet and keep their conversations going fluidly with their friends on Lens apps such as @orbapp.lens, @lenster.lens and @buttrfly.lens.
Additionally, if you have a Lens handle you can easily search your friends directly from your Coinbase Wallet via their .lens handle to send messages and crypto assets.
At Lens, we envision a future where digital wallets transcend their traditional roles, becoming social and multiplayer platforms that foster interaction and community. This vision is at the heart of our integration with Coinbase Wallet and XMTP.
Read more about the integration in our latest post on Mirror:
https://mirror.xyz/lensprotocol.eth/XITeNR2soCEoikI4vzMLFZZ7zJXWPkxqCzwEtScHv1s
- **Community Announcement: Securing Funds and Restructuring for Future Success.**
Dear Vulcan Community,
This week has come both as a major shock to the Vulcan core team as well as the whole of our community.
Bryan Legend has orchestrated an amount of carelessness in his impulsive actions that have consequently left developers, subcontractors and our entire community extremely anxious and demanding answers. We have since accepted Bryan Legend’s resignation from Vulcan Blockchain.
The team leaders have succeeded in regaining full control of all social media accounts, the Discord server and most importantly, the Sacrificed Funds.
Previously Bryan had direct access to funds with money set aside for the remaining costs of development for SafuuX, which included blockchain development, a DEX and a bridge. Since then we have made significant changes to the protocol enhancing various aspects of the ecosystem including the FixedFlex dApp, PowerPool, OOXY token, native Multisig deployment, Node dApps and Vulcan rebranding.
**All funds are now in the possession of a MultiSig under control of OOXY Labs where Bryan no longer has direct access.**
To date, the amount spent in development including operational costs for the entire build of the blockchain totals in the range of $6.2-$6.5 million dollars USD.
Bryan Legend has been forthcoming and approachable, and has sent remaining treasury funds to our newly created and secure Gnosis Safe Multi-Sig wallet:
**https://bscscan.com/address/0x0A372DA8afdA0714dA7a49198946Fad438E3d9Ac**
***Please Note:** There is a current pending multi-chain transaction to the amount of $150,257 USDT which will be deposited to the treasury wallet address above. The funds are currently sitting in transit via the ETH > BSC Multichain.org router.
- New designs same Defending Defi Birbs.🪶🛡️
Added a bunch of dope mugs to the FriendsofPooly Feathers and Threads merch store.
Get yours today.
https://threads.friendsofpooly.com/collections/mugs
- **2nd Round Karat Airdrop Rules**
***Dear Bunny Fellows, Validators, and Claimants,***
We have some very exciting news to share with you all!
Now that our Space Odyssey is in full swing, we want to make sure that each and every participant is rewarded and empowered to mine KAT through our MainNet freely! That’s why we are thrilled to announce the rules for our second batch of the 70,000,000 KAT token airdrop! Mark your calendars, as the snapshot for the 2nd round airdrop will be taken on 8/3/2023.
Within these 70,000,000 KAT tokens, we have set aside 5,000,000 for validators and lieutenants, 60,000,000 for claimants, and an additional 5,000,000 for VC token holders.
To be eligible for the airdrop, validators must have their wallets holding the validator NFT at the time of Karat’s airdrop snapshot. We are allocating 5,000,000 airdrops specifically for validators, and these tokens will be claimed and distributed to each liquidity pool for staking. Once a pool under a validator has over 35,000 KAT tokens staked, the validator can un-stake and transfer their rewards.
Among the 60,000,000 KAT tokens, we will distribute them to the claimants. Immediately after TGE, 25,000,000 tokens will be available for transfer. Additionally, 35,000,000 tokens will be locked in claimants’ and lieutenants’ Karat IDs. Each time your Karat ID data is requested, you will be able to unlock 30% of the tokens that are currently locked.
Your User’s Token Weighted Score will be calculated as follows: User’s Token Weighted Score = 1.5* (KAT Score) ^ 0.377. This score will play a vital role in determining your incentives.
We are also excited to announce that 5,000,000 KAT Tokens will be distributed among the first 100,000 VC token holders. So don’t miss out on this amazing opportunity!
Stay tuned for more information and documentation on Validator Staking and the Data Marketplace+Team Matching Carnival, which will be revealed in the coming week. The Validator Staking document will provide further details on the mining incentives for staking. Likewise, the Data Marketplace+Team Matching Carnival document will explain the exciting incentives for data requests and your important role in the process.
Get ready for an adventure like no other in the Karat Network Space Odyssey! Let’s mine KAT tokens together and create an extraordinary journey!
Best regards,
The Karat Team
- **What Is Distributed Ledger Technology — DLT? What Does It Use For?**
Distributed Ledger Technology is a decentralized ledger that enables data in a network to be stored and accessed in multiple locations.
Distributed Ledger Technology (DLT) allows transactions between individuals to be replicated and stored on a decentralized network, providing synchronization. With DLT, data is distributed across multiple networks rather than being centralized on a single server. Participants with access to these networks can access and verify the data.
DLT is used for recording transactions that occur on the network, such as payments and transfers. This is different from centralized systems used by various businesses and financial institutions. These centralized ledgers are easily manipulated, and problems with synchronization can arise if different versions of the ledgers are created. Centralized ledgers also pose a risk of erroneous or incomplete information being recorded or transactions being performed.
In contrast, DLT is not controlled by a single authority, but rather by the nodes, or participants, on the network who each have a copy of the data that is updated every few seconds. Network participants use consensus mechanisms to agree on the records and modifications recorded on the ledger. DLT provides a high level of security and utilizes cryptographic and digital signature technologies to ensure the accuracy of transactions recorded on the ledger.
Distributed ledger is a peer-to-peer (P2P) system used to simultaneously record transactions between individuals in multiple locations. Distributed ledger technology (DLT) uses cryptography and consensus mechanisms to allow users to create and share copies of the same ledger, eliminating the need for a centralized database and authority.
DLTs involve anonymous participants, and do not require permission from any authority. Information on all transactions is shared and recorded in the ledger among all participants through consensus mechanisms. An example of a DLT is the Bitcoin blockchain network, which is considered a public and distributed ledger.
DLT also allows for private ledgers to maintain data privacy. The data from transactions on a private ledger is shared only among the parties involved. Consensus mechanisms on private ledgers are achieved by adding a digital signature to a smart contract, rather than consulting ledger participants.
To learn more, click here.
- The highly anticipated AIP to deploy @gho.lens on the Ethereum Mainnet is now live.
Voting opens in 24 hours.
Read and discuss here: https://app.aave.com/governance/proposal/?proposalId=268
- **🎉 Earning on Uhive: An Exciting Path to Passive Income! 🚀**
**🔑 Unlock Endless Opportunities on Uhive!**
**💰** A world of wealth-building awaits you on Uhive. This revolutionary platform isn’t just a social network — it’s a thriving digital economy where you can earn tokens through various activities!
https://medium.com/@UhiveSocialMetaverse/title-earning-on-uhive-an-exciting-path-to-passive-income-c489aa83fd00
- **Top 3 Reasons Why Crypto Projects Fail and How to Find the Good Ones!**
The crypto industry was born over a decade ago as a corollary to the Bitcoin thesis.
Bitcoin solved the decentralization of money. For the first time in history, we have a hard monetary instrument with no natural issuer, working on a global, secure, decentralized, and permissionless digital network.
Bitcoin showed that tools and applications fundamental to human flourishing — such as money — do not need to be in control of any particular entity or authority. It showed that humans may gain sovereignty over essential elements of our socio-political and economic interactions.
Why is that important?
Because history shows that power corrupts, and entities that gain control over critical resources amass too much of it to remain sane.
**Were we to succeed in decentralizing something as strategic and coveted as money, why stop there? Why not do the same with other essential applications?**
That is the fundamental proposition of the original crypto ethos and the question that got me interested in this space. However worthy the proposition may have been, things didn’t play out in the best possible way.
What happened?
The fast adoption of Bitcoin drove the price up, and many people got rich quickly.
Don’t get me wrong! There’s nothing wrong with innovators and early adopters getting rich quickly! At the end of the day, everyone gets Bitcoin at the price they deserve!
But there’s a flip side to that coin, no pun intended. The prospect of easy money attracted all sorts of bad actors, who forever tainted the future of the space that emerged around Bitcoin — what we now call the crypto industry.
That said, we don’t need to delve into the wrongdoings of malicious actors to discern why so many crypto projects fail. Instead, let’s take a first-principles approach.
If the crypto industry draws inspiration from Bitcoin’s achievements, we should find what makes Bitcoin work — and compare.
Latecomers to the Money Use Case
Some projects believe they can build a better form of money than Bitcoin, with additional features, better scalability, privacy, speed, programmability, or whatever functionality they think would be desirable.
The truth is that none of that matters. Here’s why:
The problem with building a better form of money than Bitcoin is that Bitcoin has already achieved escape velocity. No one can compete with Bitcoin’s network effects and track record. Not even with a better product or technology.
- Hello, everyone!
Happy to join!
-----------
Short intro about me:
Product Lead @ Chainstack Subgraphs Hosting https://chainstack.com/subgraphs/
Data Science Expert https://www.kaggle.com/kirill702b
Full-time building Web3 Data APIs & Blockchain Indexing
@developerdao.lens #195
-----------
Contacts
Twitter https://twitter.com/balakhonoff
Telegram https://t.me/kirill_balakhonov
LinkedIn https://www.linkedin.com/in/kirill-balakhonov-0491aa85
GitHub https://github.com/balakhonoff
- **Update for $STT Token Holders: Airdrop of $GSWIFT tokens**
Dear $STT Token Holders,
First and foremost, we are grateful for your continued support and loyalty! We remember you and hold in high regard the relationship we have built with you over time.
A lot has happened since our last article on this topic, which announced the upcoming airdrop for $STT token holders. It has been an exhilarating journey!
We introduced you to the thrilling GameSwift Expedition campaign, shared some of the $GSWIFT utilities, and announced the IDO event on July 17 on SpartaDex Launchpad.
We appreciate your patience, and today, we are excited to provide you with an update on:
the progress of the $GSWIFT token airdropdetails of claiming your $GSWIFT tokensSECRET CAMPAIGN for early $GSWIFT holders
Thank you once again for your unwavering support, and let’s dig into the details of what’s next!
$STT Token Holders Update: Airdrop Confirmed
Our previous article highlighted the exciting prospect of an airdrop for $STT token holders, and today we’d like to confirm that the airdrop will be carried out as promised.
This initiative seeks to reward the loyal members of the GameSwift community who have been instrumental in supporting our project from its very beginning.
When to Claim Your $GSWIFT Tokens
As you may already know, the listing of the $GSWIFT token is just around the corner.
During the TGE, $STT token holders will have the opportunity to claim 50% of their share of $GSWIFT tokens. The remaining 50% share will be available in 5-month linear vesting.
But, if you want to claim the remaining 50% of your $GSWIFT tokens earlier and have the opportunity to earn extra rewards, you have the option to participate in a special lockdrop campaign. Keep reading to find out all the details, they will be available under the SECRET CAMPAIGN section below!
Details Of Claiming Your $GSWIFT Tokens
We understand that you’re eagerly awaiting information regarding the allocation of tokens to each holder, and there have been made special arrangements to address this.
You will be able to use a dedicated page with comprehensive details about the airdrop, along with the exact number of the $GSWIFT tokens designated for you.
Follow this link to find all the relevant information — the website will be live on TGE.
*Please note that the eligibility check may not be accessible immediately. Save the link for future reference, and stay tuned for updates. We will notify you as soon as the page becomes live — at the TGE date.*
NOTE: Just to remind you, it was necessary to provide us with your EVM address within the established period to participate in the airdrop. We’ve been collecting the addresses for over 6 months since Terra collapsed. This step ensures the airdrop is distributed to the correct recipients, safeguards our community’s interests, and maintains the integrity of the process.
Please remember that this airdrop is not intended as compensation but a token of appreciation for your unwavering support. It symbolizes our deep gratitude for being part of our vibrant community and embracing our exciting new project.
Based on $GSWIFT tokenomics, 3% of the total supply is allocated to the $STT holders’ airdrop, and an additional 1% is specifically reserved for participants in the GameSwift Expedition campaign on Galxy. Moreover, 21% is devoted to the community fund, which will be managed by DAO — $GSWIFT stakers, granting them the authority to determine future distributions.
It is worth highlighting the significant impact of the airdrop in relation to the total supply. Excluding liquidity, it represents almost 80% of the free float.
- **Wonderland Treasury Report Q2 2023**
The treasury spreadsheet showing positions as of the 29th of June, 2023 is included at the end of this article. Our second quarter has brought a 13.4% return to holders (that’s 53.7% annually) after all fees. The backing value of wMEMO increased by $5,052 per token amounting to over $16mm in profit. We continue to work hard for you and the remainder of the year is looking better for crypto barring a black swan event.
A Look Around the Market
Bitcoin spot ETFs appear to be right around the corner with Ark and BlackRock slated for decisions in August. Big TradFi players are also looking to open exchanges. This could prove a great boon to crypto adoption and cash inflows.
Traders are looking at Celsius and Voyager converting all held altcoins to ETH and BTC. We hold zero exposure to these coins. Prime Trust has lost access to the vast majority of held assets. Traders are abuzz with TUSD FUD. We are not concerned about the TUSD peg, though we hold no exposure. Our TOs are looking into arbitraging TUSD if it significantly loses peg.
Our View and Strategy
Interest rates have stopped increasing as we expected. There is still concern with stocks near all time highs and inflation coming down slowly that rates may further increase later this year. GDP figures indicate a soft landing is still becoming more likely. Both the main treasury and the TOs managed portfolio have invested in new projects we find attractive for high risk adjusted returns.
UwU continues to mature both in price and as a protocol with more adoption happening particularly for those looking for yield on their wMEMO and wBTC; one of the hardest assets in the space to earn high returns on. We are continuing to earn returns in mostly stables paid at around 50% APR on our LP. Users can currently earn over 29% by depositing their wMEMO there.
Sifu tokens continue to be one of our best investments. Their rise from $54 to $62.50 along with the remainder vesting increased our liquid backing per wMEMO by null,690 alone. These tokens are fully backed and may be redeemed quarterly.
We previously purchased Flex (now $OX) tokens mentioned in the last Treasury Report for $3mm. These tokens have now been successfully sold for $5mm, a profit of 66%.
Interport has seen a stunning increase in usage since last week. A single day of volume was more than the entire lifetime of the project prior to this. We are looking forward to a bright future for ITP. Our backing price will gain a significant boost as these tokens vest and become liquid.
From the Treasury Operators:
We have done a $150k seed investment into Daisen, which is a fully on-chain non-custodial platform offering a CEX-like experience. Their mission is to enhance transparency and security while lowering the friction/entry barrier into DeFi. They will be launching on Arbitrum in the near future.
We own 10% of outstanding tokens.
We have also done a seed investment into Savvy, which operates similarly to Alchemix. It is a protocol that offers non-liquidating, self-repaying loans; or credit on your future yield. We invested $150k for 1% of the outstanding tokens, with a 2 year vesting schedule.
Savvy is currently live on Arbitrum.
We’re compounding some directional positions to accumulate as much as we can while reducing cost basis. We are also part stables as we see risk in the market. This is working out in our favor as the portfolio is seeing significantly lower drawdowns than the market in general.
We are also working on arbitrage opportunities together with Bastion Trading.
- **Why Bitcoin, Bitcoin Cash, and Bit Digital Are Rising**
Cryptocurrencies and crypto stocks are experiencing a significant surge in value, driven by growing institutional interest in the space. In particular, Bitcoin (BTC), Bitcoin Cash (BCH), and Bit Digital (BTBT) have seen notable gains in recent trading sessions. This article delves into the reasons behind their rising prices and explores the catalysts driving this rally.
**Bitcoin Surges Higher**
Institutional interest in the cryptocurrency market has played a crucial role in Bitcoin’s recent ascent. Following BlackRock’s filing to launch a spot Bitcoin exchange-traded fund (ETF), the sector has witnessed a sustained rally. Analysts anticipate that if BlackRock receives approval from the U.S. Securities and Exchange Commission (SEC), it could serve as a significant catalyst for Bitcoin’s growth.
Since late afternoon yesterday, Bitcoin’s price has surged approximately 3%, surpassing $31,100 at the time of writing. This surge indicates a renewed investor interest in the world’s largest cryptocurrency, further bolstering its value.
**Bitcoin Cash’s Explosive Growth**
Bitcoin Cash, a prominent Bitcoin fork, has experienced a remarkable surge in value. This growth was ignited by the recent launch of EDX Markets, a crypto exchange backed by financial giants Charles Schwab, Fidelity, and Citadel. The platform’s inclusion of Bitcoin Cash among its listed cryptocurrencies signifies another significant step towards mainstream adoption of digital assets.
Bitcoin Cash’s rise is also attributed to its increasing acceptance and utility. As more merchants and businesses embrace this cryptocurrency, its demand and value continue to soar. The enhanced scalability and lower transaction fees offered by Bitcoin Cash have made it an attractive choice for individuals and businesses seeking efficient digital transactions.
**Bit Digital’s Positive Momentum**
Bit Digital, a Bitcoin-mining company, has witnessed a notable increase in its stock price. Benefiting from the overall positive sentiment surrounding cryptocurrencies, Bit Digital’s shares have risen by around 4.4% during the trading day. At one point, the company’s stock was up by nearly 12%, underscoring the investor confidence in the Bitcoin mining sector.
**The Role of Institutional Investors**
The increasing participation of institutional investors in the cryptocurrency market has significantly contributed to the rise of Bitcoin, Bitcoin Cash, and Bit Digital. Institutions such as BlackRock, Charles Schwab, Fidelity, and Citadel entering the space lend credibility and validation to these digital assets. Their involvement indicates a growing recognition of cryptocurrencies as a legitimate asset class, attracting more investors and driving up prices.
**Portfolio Diversification**
Institutional investors are increasingly turning to cryptocurrencies as a means of diversifying their investment portfolios. With traditional markets experiencing volatility and low interest rates, digital assets offer an alternative avenue for potential returns. The decentralized nature of cryptocurrencies and their potential for significant price appreciation make them an attractive addition to institutional portfolios, further fueling the upward momentum in the market.
**Technological Advancements and Innovation**
Bitcoin Cash’s surge can be attributed, in part, to its emphasis on scalability and transaction efficiency. Through the implementation of larger block sizes, Bitcoin Cash can process a higher number of transactions, making it more practical for everyday use. The ongoing development of scaling solutions within the cryptocurrency ecosystem enhances the viability and utility of digital assets, attracting both investors and users alike.
**Decentralized Finance (DeFi)**
The rise of decentralized finance (DeFi) has opened up new possibilities for cryptocurrency adoption. DeFi platforms enable users to engage in various financial activities, such as lending, borrowing, and yield farming, without the need for intermediaries. The integration of Bitcoin and Bitcoin Cash into DeFi ecosystems expands their utility beyond simple store-of-value assets, positioning them as integral components of the decentralized financial landscape.
**Regulatory Considerations**
The potential approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) remains a crucial factor for the future of Bitcoin. A Bitcoin ETF would allow investors to gain exposure to the cryptocurrency through traditional investment vehicles, attracting more institutional capital and potentially driving prices even higher. However, regulatory considerations and concerns regarding market manipulation still need to be addressed before such ETFs can be approved.
**Compliance and Investor Protection**
As cryptocurrencies gain mainstream attention, regulatory bodies worldwide are taking steps to establish frameworks that ensure compliance and protect investors. Increased regulatory clarity and investor protection measures are essential for sustainable growth in the crypto market. Striking a balance between fostering innovation and safeguarding market participants will be crucial in establishing a stable and secure environment for cryptocurrencies to thrive.
**Conclusion**
The rising prices of Bitcoin, Bitcoin Cash, and Bit Digital are propelled by a combination of factors, including institutional interest, mainstream adoption, technological advancements, and regulatory developments. Institutional validation, scaling solutions, decentralized finance, and regulatory considerations are all contributing to the upward momentum in the cryptocurrency market. As the industry continues to evolve, it is important for investors to stay informed, exercise caution, and recognize the inherent risks associated with investing in cryptocurrencies. The crypto market’s resilience and potential for transformative change make it an exciting space to watch as it continues to redefine traditional finance.
- Are you a crypto expert? Prove it! Join the Alchemy Pay telegram channel to show off your knowledge and win big. The crypto quiz has three stages, with three daily questions on June 26, 28, and 30. The community member with the most points will win $2500 ACH. Join now!
👉Alchemy Pay Telegram: https://t.me/alchemy_official
🌟Winners: 5
🎁Total Prizes: 2500 $ACH
- Salary - comes like tortoise 🐢 and goes like rabbit 🐇
#meme
- Dawn Vote launches
Dawn Wallet has launched Dawn Vote. This is a mobile voting tool that lets you vote straight from your phone, get a news feed of relevant proposals and receive vote push notifications!
Download Dawn to get voting!
https://apps.apple.com/us/app/dawn-ethereum-wallet/id1673143782
- **One Wallet for All Airdrops: Empowering Users with Airdrop Browser and Passport NFT**
Airdrop Browser comes in — a game-changing solution that consolidates airdrops from different projects into one accessible platform. Coupled with the revolutionary Passport NFT, users can unlock exclusive airdrop campaigns and maximize their token rewards. Let’s explore how Airdrop Browser and Passport NFT will empower users and revolutionize token distribution.
**🪂 Airdrop Browser**
Airdrop Browser, integrated within Shell Wallet, provides users with a gateway to a wide range of airdrop campaigns from various projects within the Sei Ecosystem. By owning a Shell Passport NFT, users gain exclusive access to lucrative airdrops. The Shell Wallet becomes a one-stop shop for users to discover and participate in airdrop campaigns, ensuring they don’t miss any rewarding opportunities.
- Gm lens fam
free collect
- **DJED is Now Available on BNB dApps!**
If the past few months have taught us anything, it’s that there is an incredible demand for a safe, battle-tested stablecoin that can weather the storms of volatility. People want to participate in DeFi, but want to do so without the risk of losing their investment to unstable market conditions. It’s the main reason why we’ve been receiving requests to integrate DJED into other blockchains.
Following on from our announcement of DJED becoming a multichain token, we are excited to present one of the first use cases of DJED on the BNB Chain!
We are happy to share that DJED can now be used on the Thena platform. With the introduction of wrapped DJED onto the BNB chain, Thena now offers a DJED\USDC liquidity pool where users can deposit both coins and earn APR for their deposits.
- Good morning from Bailey! (Bailey and jasper have their own instagram)
- **Walking for Tesla**
A fitness app and a Tesla walk into a bar…
How did these two end up together?
Nikola Tesla, one of the world’s greatest minds, continued to dream up new inventions well into his eighties. Many of his inventions helped turn the lights on around the world. But how did he manage to keep *his* lights on?
Curiously enough, he did it through another source of power: by walking.
*“It is no secret, but common sense. I look upon the human body as a machine, and I treat it with the respect which a machine deserves.” –*Tesla Universe
Walking was the way he showed his body that respect. He claimed to have the “agility of a baby” that he gained through walking and — surprisingly — bath exercises.
His obsession was walking more than 10 miles each day. This wasn’t just his daily habit; it was his way to think, and it’s what allowed him to dream up thousands of inventions.
*“While walking with a friend at sunset, reciting poetry by Goethe, a spasm of revelation struck Tesla. He stood transfixed, explaining how an AC motor would work.”* –The Franklin Institute
- **Vulcan Roadmap Upgrade and Mainnet Release**
We are excited to share with you the progress made thus far on the development of Vulcan Blockchain — the world’s first rebasing layer one blockchain. We would also like to share with you our upgraded roadmap as we progress towards Mainnet release. Currently we are finalizing the Gamma Testnet phase and are pleased to share with you that **we will be initiating the Delta Testnet phase in the coming days**.
**Progress Completed Thus Far:Beta**Vulcan RebrandingNon-rebasing TestnetVulcanTrace (without rebase)Full Node KYC BegunVulcan FaucetMarketing Stage 2**Gamma**Rebase/Firepit added to TestnetDappStarter/Hackathon RelaunchVulcan Faucet UpdateVulcanTrace (with rebase)Architecture for Lite Nodes developedPrototype of Vulcan dApp launched**Upcoming Developments:**DeltaTestnet Reboot with FireStorm (90 second epoch)All Full Nodes completed KYC verificationVulcan dApp — Phase 1BARS — Flex & PowerPoolFirePit DashboardFireStorm DashboardVesting Claim Contract Build
The Delta Phase will be a significant step in the development of our blockchain ecosystem, as it involves the **deployment of initial versions of the Vulcan dApp on Testnet**. The Vulcan dApp serves as a fundamental element within the comprehensive Vulcan BARS system, encompassing the **integration of the Flex & PowerPool mechanisms and their respective dashboards**. Furthermore, the Vesting Claim contract will be incorporated into the system to test its overall functionality.
- "You can't build a reputation on what you are going to do." - Henry Ford
But you can build a reputation on saying GM every morning.
GM
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📍 Melbu, Norway
🖼️ Free Collect
- **$GSWIFT Token Overview**
The GameSwift modular ecosystem has experienced significant growth over the past year, with more than 30,000 users registered on our platform at the alpha stage, strategic partnerships formed with leading Web3 protocols, and over 50 high-quality titles integrated into our gaming family.
We are now reaching our biggest milestone yet: the launch of the $GSWIFT token!
$GSWIFT is GameSwift’s native token and the driving force behind its entire Web3 gaming ecosystem and Modular chain. With multiple utilities within our chain and platform and a circular economy that creates a constant demand for $GSWIFT, it’s an essential component of GameSwift.
Excitingly, $GSWIFT will be listed on two hyped ecosystems: Polygon and Arbitrum. And once our Modular blockchain launches on the mainnet, we’ll integrate $GSWIFT into it.
But more on that later. First, let’s cover the basics.
What is $GSWIFT?
The $GSWIFT token *is the native utility and governance token of the GameSwift ecosystem and our modular blockchain* capturing value from all GameSwift products and services.
The result? Multiple revenue streams for the GameSwift Platform that generate real yield for $GSWIFT token holders.
But there’s more on the way! $GSWIFT will also give you exposure to hundreds of other tokens, with staking rewards from all games integrated into our modular chain. In return, GameSwift will provide shared security, maximum scalability, and revenue maximization for game studios leveraging this technology.
As the heart of our ecosystem, $GSWIFT is the almighty token that ties together all of GameSwift’s activities.
To fully grasp its impact, you must understand its power as an omni-chain token launching on Arbitrum and Polygon.
The $GSWIFT omnitoken and its possibilities**What is omnitoken?**
Omnitokens, or more precisely, omni-chain fungible tokens, can be transferred between supported blockchains via a LayerZero bridge. There is no need for liquidity, and users don’t have to pay any fees!
Currently, LayerZero supports many blockchains, including Cosmos, Aptos, Avalanche, Polygon, Venom, and Harmony.
Unlike most cryptos, the omnitokens enable seamless cross-chain interoperability and help fix blockchain scaling challenges. We believe this to be an incredible opportunity for the $GSWIFT token holders, creating a seamless experience of transferring our tokens.
**How is $GSWIFT an omnitoken?**
With the power of LayerZero technology, GameSwift is introducing its omni-chain fungible token: $GSWIFT.
Simply put, as a $GSWIFT token holder, you’ll be able to move this token between all the supported blockchains without hassle.
With a full range of utilities and seamless token transfer, this powerful token sets a new standard for all Web3 gaming tokens, one that we’re excited to explore with you further.
Launching $GSWIFT in the perfect environment: Arbitrum and Polygon
We carefully analyzed which blockchain would be the best fit to launch our token before the GameSwift Chain is live. We considered the following parameters: TVL size and dynamics, high chain activity (TPS), number of stablecoins on the chain, social hype, and community strength and stability.
After thorough analysis, Arbitrum and Polygon seemed to be the two undisputed leaders.
As our long-term strategic partner, Polygon is an ideal fit for launching our token. Their performance in the year’s first quarter was exceptional, with a significant increase in user activity despite the general downward trend. In fact, they surpassed BNB Chain in Unique Active Wallets (UAWs) and secured third place among gaming chains due to their increased adoption.
Beloved for its scalability and robust network, Arbitrum has cemented itself as the most active Ethereum Layer2, commanding a total of $3.57 billion TVL on its chain. Due in part to the $ARB token airdrop, Arbitrum has become more popular than ever, hitting a record high of 250 million daily transactions. It has the most bridged ETH tokens and controls 66% of the Layer2 market. Additionally, it hosts the highest number of stablecoins, nearly $2 billion worth.
What happens next? The launch of GameSwift Modular Chain
The $GSWIFT token will represent our successful platform and its growing user base from the moment it launches. But that’s just the beginning.
In the near future, we plan to integrate the token with our modular blockchain to maximize its utility. Get ready for what’s next!
It’s just a teaser!
More information on the utilities will be gradually revealed. As the ecosystem grows, the utility of GSWIFT will keep expanding.
The best part? $GSWIFT will be launching soon! Stay tuned for the date announcement — it’s coming sooner than you think.
Curious to learn more about the GameSwift modular ecosystem? Read our Litepaper and visit the links below.
Join the #GSwiftArmy:
Website | Twitter | Telegram | Discord | YouTube | LinkedIn