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Exploring The Garden #3 ft Carlos Beltran (MadFi & $BONSAI) 🌿 Join us on this episode of #ExploringTheGarden 🌿 with @lens/carlosbeltran to hear about $DEGEN vs $BONSAI, $BONSAI bubble?, MadFi onchain ads, and more! 🎁 Collectors of this episode will have 2 main benefits: - An exclusive edition NFT - A surprise perk from @lens/bonsai team 📥 Only 7 days to collect / 25 editions / 25% referral fee. Timeline: 00:00 - Intro 01:30 - How you got into crypto 03:00 - How you got into Web3 Social 08:30 - First steps on Lens 11:37 - onchain ads 13:30 - MadFi 21:30 - $BONSAI (Origins, utility, volume moved) 24:00 - $BONSAI NFT 25:00 - ERC - 404 $BONSAI 27:30 - $BONSAI airdrop fact 30:00 - $DEGEN vs $BONSAI 35:00 - $BONSAI bubble 40:00 - Open Actions vs Frames 42:00 - Where you see MadFi in 5 years?
Gm frens Have a nice day ahead
Evening coffee ☕️ 19:30
Another one 🤝 ✨ Warm welcome aboard to Gas Hero Genesis frens joining the Phaver Holder's Community. ⚡️ Connect your NFT on Phaver to unlock 3x Boosted Points for perks and airdrops, and gain access to exclusive NFT-only benefits 🚀 Keep Phavering fam 💜 https://twitter.com/GasHeroOfficial/status/1769756160129655127 https://twitter.com/GasHeroOfficial/status/1769756160129655127
We reached 5000+ followers 🥳🥳🥳 Collecting is free for every follower to say "thank you" 🤗
Wow its amazing. Finally i get The Artist NFT
Are you an OOZ or WADE holder? Find your community on Phaver 🤝 Join your friends on the OOZ & WADE token-gated Holder Communities + earn Phaver Cred and Points at the same time⚡️👀 Keep Phavering Fam💜 https://twitter.com/cripco_official/status/1757710240152191383
OVER WALLET 🔥🔥🔥 Today answer is 👇
Warm welcome to Mittaria frens joining Phaver holder's community! 💫💜 🔥To celebrate, we’re raffling 7 Whitelist spots for Way to Gods mint 👀 + 2.5k Phaver Points each. To enter ⤵️ 1️⃣Follow Phaverapp & Mittaria_Origin on X 2️⃣Repost https://twitter.com/phaverapp/status/1755923620461760793 3️⃣Complete tasks: https://taskon.xyz/campaign/detail/34067 with Phaver wallet 🦄 Let's Keep Phavering! 🚀
Hi frens!let’s have some soup 🍲 together
A beautiful Portrait of Two Angels 🪽
A beautiful portrait from two Angels.☺️
Welcome to Neo Tokyo Punks NFT collection as the newest edition to Phaver Cred🇯🇵 "Taking the first step with courage is what is praised, and the path to being the main character starts with small steps." NTP holder community is now live 🪂 Keep Phavering Fam 💜
Phaver Cred welcomes two new projects from the Mittaria ecosystem 🤝🔥 Awesome to support great projects like this and provide them a home in Web3 Social! ⚡️Connect your 3X Boosted Mittaria Genesis and Mittamita NFTs for Cred and Points today⚡️ Keep Phavering Fam 💜
Another alpha-packed AMA tomorrow at 12PM UTC. Set a reminder & see you there Frens 💜 ⤵️ https://twitter.com/phaverapp/status/1749351474851905605
Thank you frens for joining Phaver Trivia #7 Gas Hero SPECIAL! 💜 Congratulations to the top big brains in our community: 🥇marleeq @lens/phonk +3000 Phaver Points & BCV Coupon 🏆 🥈 junkspor @lens/ens01 +3000 Phaver Points 🏆 🥉 shekhdi @lens/davidmnsilla +2000 Phaver Points 🏆 Well done to the winners! 👑 We're also shipping 250 Phaver Points to everyone who got at least one answer correct 🎉 Look out for the in-app notifications and points later! 🦄 The Gas Hero event will be running until January 24th 🔥 Enjoy your weekend Phaverians, we love you all! ❤️
GM / おはよう frens. Excited to on board ¥u-Gi-¥n to our line-up 💎 - a Cyberpunk Tokyo-inspired futuristic collection 🌃 🚀 ⚡️Connect your ¥u-Gi-¥n in Phaver & start earning Phaver Cred⚡️ 👉 3X points boost (to 45) is live from today for 30 days 🔥 Keep Phavering 💜
Back to back Spaces & Community call tomorrow 💜 Let’s go!! 🦄 Catch Phaver’s Japan lead @lens/acejapan with ¥u-Gi-¥n on Spaces at 12:00 UTC / 21:00 JST. Conversation in Japanese, with English questions also welcome! 🇯🇵 🚀 Alpha alert?? 🔥 🔗 https://twitter.com/i/spaces/1OwxWYDRzOmGQ
Pro tip for Phaver users: You can still flex your 12k pfps on Phaver and earn points while doing so 🚀 https://x.com/lensprotocol/status/1745100725623857279?s=46&t=n1ZZIF6WVWqEZ8ICmGnkmg @lens/stani wen milady pfp on phaver profile? I’ve seen your collection 👽
A Photo from the last night of the 2023
WILL THE SPOT BITCOIN ETF APPROVAL BE A MARKET SHAKER OR HEARTBREAKER?In the cryptocurrency community, there’s a buzz in the air – a sense of anticipation, like waiting for a long-anticipated movie to hit the screens. The cause of this excitement? The impending decision on the approval of the first spot Bitcoin ETF in the United States. But as the clock ticks down, questions loom: Will this be a groundbreaking moment for the market, or will it leave investors with shattered expectations? High Hopes and Elevated Risks As the approval date draws near, there’s a palpable sense of enthusiasm in the crypto community. However, it’s worth noting that this fervor may have driven Bitcoin’s price to lofty heights, creating a situation where a “sell-the-news” outcome becomes increasingly plausible. CryptoQuant, a respected data provider in the crypto sphere, points to a key factor behind this caution – substantial unrealized profits held by investors. History has shown that such circumstances often precede market corrections. In this scenario, Bitcoin’s price could potentially dip to $ 32,000, aligning with the short-term holder realized price. Julio Moreno, CryptoQuant’s Head of Research, emphasizes the significance of these unrealized profits: “A lot of unrealized profits have been building up because of the price rally in anticipation of the ETF approval, and now those unrealized profits are at extremely high levels for short-term holders and also for miners. Because there is so much unrealized profit, we argue that, once the news of ETF approval is confirmed, market participants would want to realize those profits by selling Bitcoin.” The Bitcoin ETF Enigma The second half of the year has been dominated by discussions surrounding the Bitcoin ETF. As the Securities and Exchange Commission (SEC) engaged more actively with potential ETF issuers, optimism began to surge, pushing the price of Bitcoin up by a significant 11% in December. The implications of this approval cannot be overstated; it could pave the way for the launch of the first-ever spot Bitcoin ETFs in the United States. Many experts believe this development could usher in a wave of new investors into the crypto market. While there’s a possibility of the SEC rejecting the proposal, the consensus view is that approval is more likely than not. A Sell-the-News Scenario or a Steady Rise? Despite the expectations of a short-term dip in Bitcoin prices following ETF approval, some experts don’t foresee a significant “sell-the-news” scenario. Mark Connors, head of research at 3iQ, which launched a spot Bitcoin ETF in Canada in 2021, suggests that while some selling may occur, many investors view this as a long-term opportunity rather than a short-term trade. Connors predicts that if a U.S. Bitcoin ETF receives the green light, Bitcoin could trade within a range of $ 45,000 to $ 55,000 on the day. Although there may be fluctuations, the overall trajectory seems positive. He even envisions Bitcoin reaching $ 100,000 by the end of 2024. Ric Edelman, founder of the Digital Asset Council of Financial Professionals, acknowledges that the initial approval may not trigger a dramatic price surge. However, he emphasizes that the approval itself will open the door for institutions to enter the market gradually, which could have a significant impact on Bitcoin’s price over time. A Gradual Flow of Institutional Money Institutional inflows into Bitcoin ETFs may not happen all at once. Rather than a rush on day one, new flows of capital may take place gradually over time. This gradual trend could be misconstrued as a lack of appetite for ETFs. Some on Wall Street are cautioning that expectations for institutional adoption might be overinflated. Owen Lau, an analyst at Oppenheimer, suggests that it takes time for institutions to fully understand the advantages of holding Bitcoin. He anticipates a steady increase in institutional interest rather than an immediate flood of capital. Galaxy Digital, a company awaiting SEC approval for a spot Bitcoin ETF in partnership with Invesco, estimates a substantial addressable market size for a U.S. Bitcoin ETF. They project it could reach approximately $ 14 trillion in the first year, expanding to $ 26 trillion in the second year and $ 39 trillion in the third year. So, as the countdown to the Bitcoin ETF decision continues, the crypto community remains on the edge of their seats. The potential approval of a spot Bitcoin ETF promises both short-term excitement and long-term transformation. While the immediate aftermath may not deliver the price fireworks some expect, the gradual embrace of Bitcoin by institutions could be the real market shaker in the years to come
China's State Administration of Foreign Exchange Cracks Down on $ 2.2 Billion Crypto Exchange RingThe Chinese State Administration of Foreign Exchange (SAFE) has cracked down on an underground bank that used crypto to offer illegal exchange services. The operation, which had over 1,000 bank accounts and a presence in 17 provinces, moved over 15.8 billion yuan ($ 2.2 billion) to purchase crypto on exchanges overseas and provide yuan exchanging services.Chinese State Administration of Foreign Exchange Discovers Ring Using Crypto to Circumvent Exchange Controls The Chinese government has cracked down on an underground bank that used crypto to provide yuan exchange services to Chinese nationals. According to a post published in Wechat by the State Administration of Foreign Exchange (SAFE), the Qingdao police managed to identify more than 1,000 accounts belonging to a Chinese national identified as Jin, that served as funneling accounts for the exchange business of 15.8 billion yuan ($ 2.2 billion). The exchange business had a presence in 17 provinces of the country, with more than 20 million transactions related to this ring. The accounts were connected to Li, a textile worker who acted as a broker for the purchase and sale of virtual currencies. The report reinforced that managing and exchanging cryptocurrency is illegal in China. Also, this kind of exchange must be carried out at state-designated places. SAFE authorities warned against being involved in this kind of illegal trade, even when the exchange rates and “convenience” incentivize this route over conducting legal exchanges. Huang Hui, Deputy Director of SAFE’s Management and Inspection Department, remarked that it will continue to work with other state institutions to crack down on illegal exchange businesses such as underground banks, and facilitate the usage of legal channels for these operations.
FORMER BINANCE CEO CZ’S NET WORTH SOARS DESPITE LEGAL TROUBLESIn a year marked by legal challenges and regulatory scrutiny, Changpeng Zhao, widely known as CZ, the former CEO of Binance Holdings, has witnessed a significant increase in his estimated net worth, surging by nearly $ 25 billion. This remarkable boost in wealth comes despite Binance‘s agreement to pay $ 4.3 billion in fines to US authorities and CZ’s guilty plea to criminal charges in November. CZ’s resilience amid legal battles Despite the ongoing legal troubles surrounding Binance, CZ’s net worth has risen to an estimated $ 37 billion in 2023. This substantial increase can be attributed to his controlling stake in Binance, the world’s largest cryptocurrency exchange, which he co-founded. In November, both CZ and Binance pleaded guilty to charges related to anti-money laundering and US sanctions violations. However, they reached a comprehensive settlement that allowed the exchange to continue its operations. As part of the agreement, CZ agreed to pay a personal fine of $ 50 million and stepped down as CEO, while retaining his ownership stake in the company. A glimpse into former Binance CEO’s legal future Despite facing the possibility of up to 10 years in prison, CZ’s plea deal may limit his sentence to a maximum of 18 months, potentially sparing him from more severe penalties faced by other prominent individuals involved in cryptocurrency-related crimes. This legal situation has undoubtedly cast a shadow over CZ’s financial success in 2023. However, it’s worth noting that CZ’s current net worth remains significantly lower than its peak of nearly $ 97 billion at the beginning of 2022. Furthermore, according to the Bloomberg Billionaires Index, it has decreased from its year-to-date high of $ 50.4 billion in July. CZ is not the only billionaire benefiting from the crypto industry’s resurgence in 2023. The positive sentiment in the market, combined with the resolution of the Binance settlement and the potential approval of Bitcoin spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC), has contributed to the wealth growth of other prominent figures in the crypto space. Brian Armstrong, the CEO of Coinbase Global Inc., has seen his wealth increase by $ 5.8 billion year-to-date, reaching a total of $ 7.2 billion. Coinbase’s shares have surged by approximately 400% throughout the year, and Armstrong holds an estimated 16% stake in the company. Fred Ehrsam, the co-founder of Coinbase, has also experienced substantial wealth growth in 2023. He added $ 1.8 billion to his net worth, bringing it to approximately $ 2.5 billion. The Winklevoss twins, famous for their co-founding of the Gemini Trust crypto exchange and their significant holdings of Bitcoin, have each seen their wealth balloon by $ 1.4 billion in 2023, individually reaching $ 2.7 billion. In stark contrast to these success stories, Sam Bankman-Fried, the former CEO of FTX crypto exchange who is currently imprisoned and has been convicted of massive fraud, has seen his estimated net worth plummet to $ 0. This comes after reaching a peak of $ 25.9 billion in March of the previous year.
Merry Christmas to you all🎄🎁✨
Bitfinex expects crypto market cap to double in 2024Additionally, as institutional investors increase their exposure to crypto assets, catalyzed by the long-awaited spot Bitcoin ETF, there could be some capital shift into higher-risk crypto assets next year.Looking ahead to 2024, and contingent upon market conditions, we anticipate that the number of global cryptocurrency owners could escalate to between 850 and 950 million (from 575 million currently)Regarding the Crypto Fear and Greed Index, experts predict “extreme greed” sentiment in 2024, which will correlate with new BTC highs in the middle of the bull market.In the shorter-term, it is instructive to look at the market value of bitcoin about its realized value: the MVRV [(market-value-to-realized-value)] metric. “In general, analysts believe that the cryptocurrency market is now in a “healthy” state. This means there will be ample room for Bitcoin prices to rise further, with limited expected selling by miners. Previously, Matrixport analysts said that if spot Bitcoin ETFs are approved in early January, the price of the first cryptocurrency will rise to $ 50,000 by the end of the month. Experts also recalled their forecast of reaching $ 45,000 by the end of the year. Historically, the price of Bitcoin often rose between Christmas and New Year – in 2020 it increased by 22% during these days.