Mario (@mariog) • Hey
Mario (@mariog) • Hey
Publications
- #Bitcoin ATMs surge from 10K in Oct 2020 to over 38K globally, with continued growth expected.
- #Bitcoin price has been stuck between the 2-year moving average (support) and its 5x multiple (resistance) since November 2023.
The 2-year average historically serves as a floor during downturns and the 5x multiple serves as a potential ceiling before corrections.
- The yen's 12-year crash against the dollar continues 😮
The 🇯🇵 Japanese currency buys half the amount of dollars it did in 2012 👀
- New #Bitcoin addresses have been declining since reaching a peak of 700,000 in November 2023.
However, after dropping to nearly 200,000, the network has experienced a surge in new BTC addresses, now reaching 352,124—the highest level since April.
Is retail returning?
- The SEC has charged Silvergate Capital Corp with misleading investors about the strength of their BSA/AML compliance program and failing to detect $9 billion in suspicious transfers from FTX and others.
- Latin America's largest fintech bank, Nu Bank, partners with Lightspark to bring the #Bitcoin Lightning Network to its over 80 million customers 👀🙌
- "#Bitcoin is crashing. Most people should sell. I am waiting to buy more," says Robert Kiyosaki.
- "A Power Law of #Bitcoin priced in gold terms has it at 37 ounces for current trend fair value.
The present price under 29 ounces seems attractive for long term," says Astrophysicist Stephen Perrenod.
- #Bitcoin still hasn’t seen a single 30% drawdown since the last bear market lows 👀
- JUST IN: Jamaal Bowman, one of the most anti-crypto members of Congress and top ally of Elizabeth Warren, was soundly defeated tonight in NY16’s Democratic primary.
In the last months, he voted against the Anti-CBDC Bill, FIT21, and against overturning SAB121
- 💥Simple guide to run @farcaster_xyz node hubble
💰$180M funding
⛽$42 VPS cost per month
⏳5min
⚠️No confirmed rewards
👇Steps
🔗bit.ly/cryptotelugupq
✅Buy €46 VPS
🎟️10% discount Code - cryptotelugu
🔗app.infura.io
✅Sign up
✅Create an app
✅Get RPC URL for Ethereum & optimum mainnet
🔗putty.org
✅Install putty & connect to your VPS
🔗drive.google.com/file/d/1A_2RLJ…
✅Download commands
✅Run one by one
✅Paste RPC URLs
✅Get your Farcaster FID in your profile under about & paste when asked
⏳Node will sync in 45min
🔗http://your_VPS_IP:3000
✅Replace with your VPS IP to see statistics of your node
😉If u want a detailed video guide on this, it's available in 3 languages
▶️English - youtu.be/6oiisJkb9aI?si…
▶️Hindi - youtu.be/8VLHXRJ6wcQ?si…
▶️Telugu - youtu.be/zwzVIF01e6s?si…
💙Like
🔁RT
https://x.com/CryptoTeluguO/status/1804855586011676839?t=H8pkQ0uXoaqCcD9lvD6ZRw&s=19
- #Bitcoin price is currently near the average purchase price for many traders (pink line).
This level could either act as support 🟢 or trigger an 8-12% correction 🔴 if breached, potentially bringing Bitcoin down to 💵 $60K, per CryptoQuant.
- #Bitcoin price has dropped under the 50-day moving average
- #Bitcoin has been surprisingly stable in 2024, with 60-day volatility staying below 50% all year.
This is a big change from 2022, when wild swings pushed volatility above 100%.
- Cleanspark announces the acquisition of five new #Bitcoin ⛏️ mining facilities in 🇺🇲 Georgia for 💵 $25.8M.
The deal will boost Cleanspark's operational hashrate to +20 EH/s by the end of June.
- #Bitcoin prices are consolidating within a well-established trade range.
Investors remain in a generally favourable position, with over 87% of the circulating supply held in profit, with a cost basis below the spot price," says Glassnode.
- #Bitcoin illiquid supply has increased since May, suggesting investors are choosing to hodl rather than trade
- There are 3 certainties in life: Pizza, 🍕 Poutine, 🥔 and #Bitcoin
Madonna Pizza on Blvd. St. Laurent in Montreal, Quebec, Canada. 🇨🇦
- 🇨🇦 DeFi Technologies has adopted #Bitcoin as its primary treasury reserve asset, purchasing 110 Bitcoins to initiate this strategy, reflecting confidence in Bitcoin's protection from monetary debasement.
- #Bitcoin ⛏️ miner Bitdeer acquires ASIC chip designer Desiweminer after a 💵 $100M investment from Tether.
- 🇵🇾 Paraguay's Industry Ministry Javier Gimenez sees "legal" #Bitcoin ⛏️ mining as a way to boost the country's industry, aiming for a 3-year rebuild through energy sales.
- "Last month, nearly 100K #Bitcoin (💵 ~$6.75B) were withdrawn from exchanges, mainly Kraken and Coinbase.
“55K (~$3.8B) were withdrawn from Kraken, and 24K from Coinbase.
This trend could cause the price to rise if demand remains stable or increases," says 10X Research.
- "#Bitcoin ⚡️ Lightning Network might be abused by criminals and create problems for law enforcement investigations," says 🇪🇺 EU Innovation Hub for Internal Security in their First Report on Encryption.
- "Chinese citizens are suspected of flouting the crypto ban, whether in search of alternative investments amid falling home prices or to skirt overseas transfer limits. Bitcoin’s fourfold jump since the start of 2023 has stoked demand."
- #Bitcoin ⛏️ miner Core Scientific signs 12-year, 💵 $3.5B partnership deal with Nvidia-backed cloud AI company CoreWeave.
Core Scientific will provide 200 MW of data center space for high-powered computing operations, and modify existing facilities for a launch in 2025.
- 🇹🇭 Thailand approves first #Bitcoin ETF. Access will be limited to high-net-worth & institutional investors.
The "ONE #Bitcoin ETF Fund of Funds Unhedged" carries a risk rating of eight and launches between May 31 and June 6.
- Private 🇺🇸 Texas institution University of Austin announces it will accept #Bitcoin for tuition and create a #Bitcoin long-term fund.
- There is talk of two strong catalysts on Base:
- The launch of the smart wallet: An easy-to-use crypto wallet for non-technical people (no secret phrase).
- On-Chain summer: A series of activations for the Grassroots ecosystem with big brands like Coca Cola and powerful projects and a Grassroots conference happening on July 31st.
- Ripple CEO $XRP casts doubt on whether $DOGE has really been good for the crypto ecosystem.
- 4,502 #BTC (valued at $ 305 million) was stolen from the 🇯🇵 Japanese exchange, DMM Bitcoin.
The exchange has announced that it will guarantee the full amount stolen.
All spot buys have been temporarily restricted, and customers withdrawing yen may face delays.
- 🆔 mariogalvi phaver.app.link/mariogalvi
$SOCIAL #phairdrop
- The United States points to NFTs as susceptible to being used in fraud and scams.
U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams' The risk assessment is the Treasury's first into NFTs as a means of carrying out fraud and other crimes. The Treasury determined that NFT platforms "lack appropriate controls" to combat money laundering and sanctions evasion
- PayPal launches the $PYUSD stablecoin on the Solana $SOL network.
- Mastercard announced the launch of the first P2P pilot transaction of Mastercard Crypto Credential.
- "I think ETH ETFs will provide an additional layer of security for #Bitcoin
Investors will recognize crypto as a legitimate asset class, which will directly benefit #Bitcoin as it's still the most popular cryptocurrency in the market," says Michael Saylor.
- Despite the ban on digital asset trading, about $ 86 billion of crypto flowed into 🇨🇳 China in the 12 months through June 2023.
#Bitcoin finds a way 👀
- Semler Scientific, Inc, a company specializing in developing healthcare technology, announced that its board has adopted #Bitcoin as its primary treasury reserve asset.
The company has purchased 581 bitcoins for $ 40 million, inclusive of fees and expenses.
- 🇸🇻 President Bukele meets with Cathie Wood and economist Art Laffer to discuss #Bitcoin, tech and tax policy 👀
- #Bitcoin exchange whale ratio surged in April and May, an unusual whale activity during a bull run.
- “Currently, the rate at which new capital is flowing into the #Bitcoin network has slowed down considerably from its peak as the market digests the recently distributed supply,” says Glassnode.
- "The easier it becomes to buy #Bitcoin, the greater potential for financial disaster," says 🇬🇧 UK magazine The Spectator.
- "It is likely we move along the power law until ready for 'Frenzy Bull Market' around Sept./Oct. 2024.
Market top projection 💵 ~$ 200K," says physicist and #Bitcoin power law theorist Giovanni Santostasi.
- NEW: P2P #Bitcoin trading platform, Hodl Hodl, has decided to block users from the USA and several other countries from accessing their lending platform, Lend at Hodl Hodl.
"This decision is part of our ongoing commitment to adapt to regulatory uncertainty"
- FORBES: “An individual connected to Ripple, Chairman Chris Larsen, has been linked to efforts to discredit bitcoin through financial support for Greenpeace USA’s “Change the Code” campaign. This initiative, launched on March 29, 2022, with $ 5 million from Ripple co-founder Chris Larsen, seeks to change bitcoin’s code under the guise of reducing its environmental impact.”
- 🇵🇾 Paraguayan government proposes seizure of #Bitcoin and "crypto" ⛏️ mining rigs and sentences of up to 10 years in prison for carrying out illegal mining operations, citing "energy theft."
- Someone just moved 16,445 #Bitcoin (over $ 1.1 billion worth) on a Sunday for $ 7.32.
Mempool tags the transaction as "Overpaid 2x", meaning they could have gotten into the block for only $ 3.66 in fees 👀
- According to CrowdFundInsider, so far this year, crypto startups have raised $ 2.4 billion in 518 contracts.
- 14 years ago today, Laszlo offered to pay 10,000 #Bitcoin for 2 large 🍕 pizzas 👀
- You wake up tomorrow and see #Bitcoin at $ 100K. What would you do?
- The amount of Bitcoin believed to be lost is almost triple the amount left to be mined 😮
Bitcoin is scarce, safeguard your sats accordingly.