Rishu (@muskverse) • Hey
exploring Web3
Publications
- ✨ Satoshi Nakamoto on #Bitcoin exactly 14 years ago
- We're still early.
- The largest Bitcoin address in the world holds around $17.5 billion worth of Bitcoin.
- 🇺🇸SUMMARY OF FED DECISION (6/12/24):
1. Fed leaves rates unchanged for 7th straight meeting
2. Officials raise 2024 inflation forecast from 2.4% to 2.6%
3. Median forecasts shows just 1 rate cut in 2024
4. Median forecast shows 100 bps of rate cuts in 2025
5. Fed says inflation has eased "but remains elevated"
6. Median 2024 Core PCE inflation estimate up from 2.6% to 2.8%
We expect the Fed to continue their "meeting by meeting" approach.
- Here's a stat for you
There has been 689 CPI Prints since 1967
31 times Core CPI (ex-Shelter) printed Negative MoM.
Today was one of those prints
- #Liquidations 🩸
🔴In the past 24 hours , 99 780 traders were liquidated , the total liquidations comes in at $257.32 million
🔴The largest single liquidation order happened on Binance - ETHUSDT value $6.60M
- ****🔓 Top 7 Token Unlocks of the Upcoming Week:
🔹 Aptos - $92.88M
🔹 Arbitrum - $90.01M
🔹 Uniswap - $83.29M
🔹 StarkNet - $72.40M
🔹 Sei - $62.63M
🔹 Immutable - $51.28M
🔹 Internet Computer - $35.65M
- #Liquidations 🩸
🔴$300 million liquidated from the cryptocurrency market in the past 1 hour.
🔴In the past 24 hours , 156 497 traders were liquidated , the total liquidations comes in at $451.50 million
🔴The largest single liquidation order happened on OKX - ETH-USD-SWAP value $5.20M
⚠️ Never invest more than what you can afford to lose.
⚠️ Don't try to make quick money.
⚠️ High Leverage does not give you more money
- It’s official:
Nvidia, Apple, and Microsoft are now bigger than China’s entire stock market.
Truly insane.
- After the #Ethereum Spot ETF approval on May 24, 2024, a whopping $3 billion worth of over 800,000 $ETH has been pulled out from exchanges.
The big question: Who's behind these massive moves? The mystery deepens.🤔
-
FDIC just reported that 63 banks are on the brink of insolvent collapse as they have $ 517,000,000,000 of unrealized losses in Q1 2024
QE is about to explode 🚀
- ****$BNB is up by +100% in this year, Second Best Performer in L1 Category.
$BNB Price Growth has more to do with its exchange side product demand coming from retail..Launchpools.
Also, Onchain Activities on BNB Chain is on decline in this year so far.
- ****$BNB is up by +100% in this year, Second Best Performer in L1 Category.
$BNB Price Growth has more to do with its exchange side product demand coming from retail..Launchpools.
Also, Onchain Activities on BNB Chain is on decline in this year so far.
-
In the last 626 Days since Merge
Bitcoin experienced inflation totaling
= +543,600 BTC
Ethereum observed deflation totaling
= -381,732 ETH
ONCE PEOPLE UNDERSTAND THIS
ETH IS GOING TO $ 10,000 + 🚀
- Fun Fact: If you spend $ 1 million everyday, it will take you over 2,740 years to reach $ 1 trillion spent.
The U.S. national debt is now at a whopping $ 34.7 trillion and rising by $ 1 trillion every 100 days.
Politicians are as addicted to spending as a drug addict is to their next high.
- Good Morning 🌞
- ****Bitcoin vs Internet Adoption📈
-
SINGAPORE LARGEST BANK DBS
WITH $ 739 BILLION IN ASSETS
HOLDS 173,700 ETH WORTH
$ 650 MILLION.
GIGA BULLISH 🔥
- The number of Bitcoin addresses with non-zero balances exceeds 52.5 million in 2024.
Bitcoin's user base has grown by 11 million new addresses since 2020.
- Over 50% of Bitcoin hasn't been moved in over a year.
From early 2024 to April, Bitcoin was inactive for 1-2 years and dropped significantly. But Bitcoin held for over 3 years is currently rising in value.
- Three "almost illegal" crypto tips that you should know:
🟢Farm airdrops to make tens of thousands in FREE money
🟢Low cap alts, although risky, are how you 100x your wealth
🟢Profits are real only when taken - take your profits or the market with take them for you.
- ****Bitcoin Distribution in May 2024: Holdings Across Addresses.
-> Not including Satoshi, three Bitcoin addresses contain more than 100,000 Bitcoin each.
- Binance
- Bitfinex
- An unidentified address.
These three addresses collectively own over 564,902 Bitcoin.
The exchange addresses represent the holdings of many individual investors who are not holding their own keys.
- 🇨🇳 China sees largest bank withdrawals in history last month of just under 4 trillion yuan (~$ 560bn)
- JUST IN💥: MetaMask might start supporting #Bitcoin within the next month.
- Nvidia, $NVDA, is now larger than:
1. GDP of every country in the world except 7
2. GDP of Spain and Saudi Arabia COMBINED
3. 4x the market cap of Tesla
4. 7x the market cap of Costco
5. The market cap of Walmart and Amazon COMBINED
6. Russia's entire GDP plus $ 300 billion in cash
7. 9x the market cap of AMD
8. GDP of every US state except California and Texas
9. 17x the market cap of Goldman Sachs
10. The entire German stock market
In its premarket move alone today, $NVDA has added $ 170 billion in market cap.
That's ~$ 35 billion MORE than the entire value of Intel, $INTC.
Meanwhile, Nvidia is now just ~17% away from surpassing Apple as the 2nd largest company in the world.
- The future PRESIDENT OF AMERICA is officially accepting donations in crypto. 😀
- #Bitcoin’s scarcity:
🧮 8.1 billion people 🌎
💰 65 million $USD millionaires
💎 21 million max #Bitcoin
- The 🇺🇸 U.S. Now Has:
1. Record $ 17.7 trillion in household debt
2. Record $ 12.4 trillion in mortgages
3. Record $ 1.6 trillion in auto loans
4. Near record $ 1.6 trillion in student loans
5. Near record $ 1.1 trillion in credit card debt
Total mortgage debt is more than double the 2006 peak and total credit card debt is up ~50% since 2020.
In Q1 2024 alone, ~9% of credit card balances and 8% of auto loans (annualized) transitioned into delinquency.
Higher rates are taking their toll on consumers with record high debt balances.
-
🇨🇦 Bank of Montreal discloses spot #Bitcoin ETF holdings in new SEC filing.
- In a world where trust is often questioned, Bitcoin offers a transparent and decentralized alternative where everyone plays by the same rules.
- Bitcoin is actually more convenient than regular money, especially for large transactions, where using traditional currency can be a real pain.
- Bitcoin is like special internet money that might become very valuable. It could change how we use money in the future. 🚀
- 🌟Bitcoin is The ultimate financial game-changer, putting power in your hands and opening up financial opportunities worldwide.
- Investing in cryptocurrency is like planting a tree. The earlier you start, the greater your rewards in the future.🔥
- Bitcoin is like digital gold in a world of regular money.
It's not just a coin, it's a symbol of how people can control their money without relying on big banks or governments."
- In the journey of Bitcoin, patience is not just a virtue, but a pathway to prosperity.
Trust in the process, and let time work in your favor."🔥
- Embrace the volatility of Bitcoin; it's the heartbeat of a disruptive force reshaping the financial landscape."
- ****Top 15 Blockchains by Number of Unique Addresses
BNB Chain $BNB - 444.4M
Polygon $MATIC - 419.3M
Ethereum $ETH - 266.8M
Tron $TRC - 226.8M
Fantom $FTM - 173.9M
Optimism $OP - 137.9M
Base - 71.7M
Avalanche $AVAX - 38.8M
Aptos $APT - 36.5M
Celo $CELO - 30M
Arbitrum $ARB - 22.1M
Near $NEAR - 21.5M
Moonbeam $GLMR - 20.2M
Sui $SUI - 10.1M
ZkSync Era - 8.9M
- Bitcoin teaches us resilience; every setback is an opportunity to learn and grow stronger in the world of finance
- Bitcoin is more than just a currency; it's a symbol of freedom, challenging traditional financial systems
- 🇺🇸US Gov appoints Sam Altman & tech execs to AI safety board.
The members include👇
- OpenAI CEO: Sam Altman
- Anthropic CEO: Dario Amodei
- NVIDIA CEO: Jensen Huang
- Microsoft CEO: Satya Nadella
- IBM CEO: Arvind Krishna
- Alphabet & Google CEO: Sundar Pichai
- 🇺🇸US Gov appoints Sam Altman & tech execs to AI safety board.
The members include👇
- OpenAI CEO: Sam Altman
- Anthropic CEO: Dario Amodei
- NVIDIA CEO: Jensen Huang
- Microsoft CEO: Satya Nadella
- IBM CEO: Arvind Krishna
- Alphabet & Google CEO: Sundar Pichai
- Crypto offers more confidence compared to banks or fiat currency because it allows control over funds.
Its transparent money supply upfront ensures clarity.🔥
- "Bitcoin is actually better than regular money... especially for big transactions, dealing with regular money can be a hassle."
- ✨Everyone should learn about Bitcoin because it could be one of the most significant things happening in the world."🔥
- Markets this month:
1. Tech stocks are falling like the AI bubble has popped
2. All other stocks are rising like we are in a bull market
3. Gold prices are rising like we are entering World War 3
4. Bond prices are falling like everything is completely fine
5. Oil prices are rising like inflation is heading to 5%
6. US Dollar is rising like inflation is completely gone
- __Bitcoin Block 840,000 is here .
The 4th bitcoin halving has happened.
All bitcoin block rewards will now be 3.125 BTC per block.
- Happy Bitcoin halving Day
-
On April 13th, mining one Bitcoin cost $ 48,000.
Post-Halving, the cost could skyrocket to $ 60,000, totaling around $ 100,000 including electricity, factory expenses, and labor.
This suggests that at this price, Bitcoin could be seriously undervalued after the Halving.
- Since launching the spot BTC ETF on January 1, its Bitcoin holdings have subsequently fallen by approximately 50% to 311,621 bitcoins, according to Grayscale’s disclosures as of Monday. GBTC’s market share by ETF Bitcoin holdings has fallen to 37%, with BlackRock’s IBIT and Fidelity’s FBTC being the major accumulations.