Ario_Nedos (@nedosgalaw) • Hey
Never give up spirit
Publications
- 💥 @LayerZero_Labs Snapshot completed
📸Snapshot
📆2nd May
⌚5:30 AM IST
🔜Next eligibility checker
🔜Then 🪂 claim
🤔So will it be before @zksync let me know in comments
💥 $ZRO
💙Like
🔁RT
- Introducing the **Hey Score**! 🌟 A new way to shine on @lens/hey! Your interactions, posts, and secret sauce now brew up your unique score. Curious about where you stand? Dive in and discover your Hey Score today!
Drop your Hey score below 😉
- 🎉 Winners of our third Phaver-Up Auction 🎉
Huge congrats to the top 20 highest bidders!
- Your Phaver-Ups have shipped 💜🦄🆙
Super Post raffle winners: teteteharuharu, imagekunst, masumfirari, TheSparrow, kenken7
Thank you frens who joined the auctions! 👏
📣 Coming Up: Phaver-Up: Genesis Week 3 free mint 4pm UTC exclusively on Magic Eden:
https://magiceden.io/launchpad/polygon/phaver_up_genesis_edition
Stay safe and only mint through the above link! Always verify through our official channels. 🫡
- We made a little Bonsai Anthem - 5 copies for 5 special collectors.
When we sell out, we will drop it on Sound with 50% split to all Orb collectors.
Let’s grow together 🌿
- PSA ⚠️
Unfortunatly the Twitter/X Accounts of Bonsai and MadFi have been compromised. We are trying to regain access to it and investigate on what exactly happened.
Do NOT 🚫 click the link on those Tweets!
- Happy 4/20. Not in my time zone yet but hehe, hehehehehe!!!! 🧘
There are rumors that I might be a fed. Can you smoke and work for the CIA? Asking for a friend.
Don’t make me boot my Kali and see what I can do creatively from there. Or the raspberry pi.
I should make a piece where it’s all data. 👁️
- GN. Sleepy tight.
- Gm to those little specks of clarity in the constant stream of chaos.
- Todays colour palette: colours on my brain
- Claude 3, the latest AI model from startup Anthropic, has dethroned OpenAI's GPT-4 from the top spot on the LMSYS Chatbot Arena leaderboard
The Chatbot Arena ranks AI models based on user preferences in head-to-head comparisons. Claude 3's Opus model is now ranked first, with GPT-4 falling to second place for the first time since the leaderboard launched in May 2023.
Users have praised Claude 3 Opus for its performance on advanced tasks like investment analysis, prompt engineering, and medical diagnoses. Impressively, even Anthropic's smallest model, Claude 3 Haiku, has matched GPT-4's performance while being significantly cheaper and faster.
This milestone comes in the same week that Amazon invested an additional $ 2.75 billion in Anthropic, part of a deal to provide up to $ 4 billion in funding by the end of March 2024. This is Amazon's largest outside investment in over 30 years and gives the company a minority stake in Anthropic.
With this substantial financial backing, Anthropic is positioned as a serious long-term rival to OpenAI. The startup, founded by former OpenAI employees, has now raised a total of $ 7.6 billion. Google has also invested in Anthropic, acquiring a 10% stake for $ 800 million.
The rapid advancements in Anthropic's AI capabilities and the major investments from tech giants highlight the intensifying competition in the generative AI space. As models like Claude 3 push the boundaries of what's possible, the landscape of artificial intelligence is poised for significant transformation
- It’s been too long since I’ve planted posts Lenside 👨🌾. Who are the can’t miss follows these days? ✅
- 💥Simple guide on @Tabichain Voyage II
💰Binance backed
💰$ 11M funding
💯FREE
✅Confirmed🪂
🔗tabi.lol
🎟️Enter code(👇🧵)
✅Complete social task
🔗faucet.testnet.tabichain.com
✅Get test tokens
✅Buy Sell NFT
📜Open scroll to get
🔥Phoenix Feather
🔜🪂
💙Like
🔁RT
https://twitter.com/CryptoTeluguO/status/1771761336424267776?t=a1wi-KZtOEKokcSa4q4AJg&s=19
- 💥 @Venom_network_ token is listing on @okx
❌No details on Airdrop
✅But u can mint new NFT & join 10M reward pool
👇Steps
🔗 venom.network
✅Submit your OKX user ID and OKX $VENOM deposit address
✅Mint NFT
🪂Airdrop details yet to be announced
💙Like
🔁RT
https://twitter.com/CryptoTeluguO/status/1771178143803380049?t=6ecUlViDUu58_YpQ0C9VDA&s=19
- Oke good morning
- GM Frens! 💜 Time to restart your Phaver app to get latest amazing updates! 🚀
We are happy to launch "ONBOARDING TASKS" . Now you can see some tasks on Cred dashboard, let's go and check and finish whole uncompleted tasks and earn more points! 🔥
Also we added a new verification method: ANIMA . You can read whole details from here: https://phaver.gitbook.io/phaver-help-center/phaver-points-and-cred-score/anima-proof-of-personhood
Keep Phavering! 🦄
- Peaking 🍄
A fun collage I made a while back, thought I'd bring it back and make it collectible!
20 #BONSAI, 25% referral, 48 hours only!
- Gm frens, especially the pengs! 💜
Join us tomorrow at 2PM UTC to learn all about Phaver Pudgy House, the spot to be at Pudgy Songkran, and get the latest Phaver alphas from @lens/joonatan 🔥
Set reminder 🫡 ⤵️
https://twitter.com/PudgyAsia/status/1769556035461947519
- While Ethereum Eyes $ 5,000, BlastUP, Near Protocol and Polygon MATIC Can Surge Beyond It
PRESS RELEASE. The swiftly advancing world of cryptocurrency sees Ethereum poised to cross the $ 5000 mark. Amidst this development, crypto whales have been sighted steering their focus toward altcoins. The event paves a pathway toward understanding the potential value of altcoins poised to outpace Ethereum, suggesting an intriguing shift in crypto investments.
BlastUP Presale Hits $ 2 Million: Anticipating the Next Big Thing in Crypto
BlastUP, the premier launchpad on Blast, has recently made a splash in the crypto world with its head-spinning debut, raising $ 2 million in a few weeks. The number of early investors who have already recognized BlastUP’s high potential is growing exponentially.
BlastUP is poised to reach roaring success, with plans to empower Web3 tools with AI innovation for fast and quality startup launches. It offers a comprehensive suite of tools and a rich rewards system for all those coming on board.
Currently, BlastUP is running its fourth presale stage, offering BlastUP tokens at the lowest price. Buying these tokens now at $ 0.055, you get a hefty discount of 45%, as the listing price is set at $ 0.1.
>> Be Among the FIRST! Get the Exclusive Perks From BlastUP Presale <<
Holders of BlastUP tokens may benefit from a number of privileges including allocations for token sales, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
Following a simple mission to help blockchain startups grow faster and earn more, BlastUP is on its way to becoming a dominant force. The team of dedicated crypto enthusiasts behind the project are deeply committed to their vision and have ambitious plans to become a one-of-a-kind launchpad for easy and efficient blast off in the crypto space.
The comprehensive roadmap of BlastUP extends through 2026, outlining plans to launch an AI IDO screener, develop AI tools tailored for startup teams, and set up the Community Marketplace
NEAR Protocol Gains Momentum Ahead of AI Conference, Risks Remain
Interest in NEAR Protocol is on the rise, as evidenced by the run-up ahead of a significant AI conference. It has nearly doubled in a week, currently standing at $ 8.25, comfortably above 10-day and 100-day simple moving averages. Extending this momentum, we may see NEAR pushing past the second resistance level at $ 9.11, potentially reaching new heights.
However, it’s worth monitoring issues of support. The nearest support level is $ 2.97, with a further backstop at $ 2.07. Complacency in such a buoyant market could lead to a sharp correction should sentiment shift. Holding NEAR might carry short-term risk, especially if numbers start trending closer to these lower thresholds.
Polygon’s DEX milestone could boost MATIC’s price, despite market risks
Polygon’s remarkable milestone attainment in DEX could potentially fuel a significant uptick in MATIC’s price. Given positive MACD and SMA readings, this suggests bullish potential. The current $ 1.20 price might break through the nearest resistance level of $ 1.13 on the upside and aim higher, testing $ 1.27 possibly amid boosted market sentiment.
However, it’s also crucial to consider the flip side. Despite recent achievements, the token might struggle due to market unpredictability. This could lead to a downside move towards the nearest support level at $ 0.82 or even the second support at $ 0.63. Balanced risks and opportunities endow the MATIC market with a neutral action recommendation.
BlastUP’s impressive start with a $ 2M presale and commitment to empower Web3 startups with AI tools suggest robust future performance in the crypto landscape. Though NEAR Protocol and Polygon’s MATIC also exhibit potential, their journey appears a tad more precarious compared to BlastUP. This innovative project, nestled in the Blast ecosystem, not only showcases promising potential but its unique concept forms a compelling factor for investor attention.
- Bonsai fest continues
@lens/lensholic asked about my best friend in @lens/kaira and my answer is @lens/elifok
We met in Istanbul at Phaver party & grab some beers together with @lens/joonatan @lens/saskasandholm @lens/dollowen .. I believe that @lens/mesutgulecen & @lens/melikebarut was also there but we haven't got the chance to meet..
Long live @lens/stani and @lens/bonsai ...
I don't want this post to be only words, so this is one of my midjourney creation when it only pops out to our world....
- We reached 5000+ followers 🥳🥳🥳
Collecting is free for every follower to say "thank you" 🤗
- Wood pumb sir
- 💥March 2024 crypto calendar💥
- Good morning! Squid gamer girl here! 🦑💕
the /orb has changed so much! I'm totally surprised! 😲
おはようごぜぇます。
게이머 오징어 소녀
游戏玩家鱿鱼女孩
- Come on joint
https://galxe.com/2m2B3T5muZHgX6S3qVPWNk/campaign/GCUAyt4HaV
- Reason of #STRK coin dump 👇👇
Many Airdrop hunters are continuously selling #Starknet coins.
One of the Biggest Nethermind: Lido Node Operator received 10.25M $STRK($ 23M). And they are selling continuously
- 🪂 $LXP update
😁If u followed my guide on @ParticleNtwrk LXP quest
✅Time to check wallet
🪙150 $LXP credited
🔜🪂 $LXP👇
⏳Testnet NFT
⏳Polyhedra quest
⏳Souls-Verse
🚀Alpha NFT - $ 546
😝that was testnet reward, imagine how big Mainnet rewards
🤔Ready for it?
💙Like
🔁RT
https://twitter.com/CryptoTeluguO/status/1758418300059422925?t=5-CPf_fY1S5FiDh4aR41Tw&s=19
- Fantasy and color
- OVER WALLET 🔥🔥🔥
Today answer is 👇
- Mastercard Launches NFT UEFA Champions League Trivia Game
Top NFT news today, February 12, 2024: Mastercard launches an NFT UEFA Champions League Trivia Game, Kresus wallet joins Sotheby’s Metaverse, and ByBit partners with UniSat.
NFT Market Data
The non-fungible token (NFT) sales volume is down today. It has dropped 7% over the past 24 hours to $ 36,831,744.
Buyers, sellers, and transactions fell by 8%, 2%, and 1%, respectively.
Looking at the top 10 collections by sales volume, Pandora has maintained spot #1, according to CrayptoSlam. Even though it’s down 6% in the past day, its sales volume stands at $ 7,896,182.
The second-placed Doodles is up 157% to $ 1,766,426.
Ordinal Maxi Biz saw the largest increase in the past day. It’s up 1,735% to $ 674,822.
The highest decrease was 41% seen by Uncategorized Ordinals, which is now at $ 655,886.
In NFT news today, read about Mastercard’s new NFT trivia game, Sotheby’s metaverse adding Kresus wallet, and Bybit Web3 partnering with UniSat to power an integrated inscription marketplace.
Mastercard Launches NFT UEFA Champions League Trivia Game
Payments giant Mastercard has launched its Web3-powered trivia competition for football fans. It rewards players for their UEFA Champions League knowledge and “will crown football’s top trivia buff,” said an announcement.
The trivia game will be part of a new platform, called pass to priceless, which “brings Mastercard’s Web3 assets into a unified space.”
Through his platform, players can collect Mastercard X UEFA Champions League-branded digital passes. The passes come in the form of NFTs.
This gives them the chance to win tickets to the Final at London’s Wembley Stadium.
The real-time football-focused quiz will be open throughout the UEFA tournament for Mastercard cardholders in France, Spain, Germany, the UK, Italy, the USA, Mexico, Colombia, Brazil, and Argentina.
Each quiz will start 30 minutes before each UEFA Champions League round of Tuesday fixtures, starting on February 13 and ending on June 1.
Players will answer questions from the highest-scoring game to the year the first-ever Group Stage occurred.
Winners of each round will be rewarded with UEFA Champions League match tickets, thus climbing the leaderboard.
The person at the top of the leaderboard after the semi-final on April 30 will win the grand prize of tickets to the final at London’s Wembley Stadium.
Kresus Wallet Joins Sotheby’s Metaverse for NFT Management in One Place
Auction house Sotheby’s Metaverse arm has added the Web3 app Kresus as a supported digital wallet option. Per the announcement, collectors can now buy and store digital artworks through the app.
The addition of Kresus “enables the easiest way to store digital art for both collectors new to the digital artwork world and long-time NFT collectors who want a robust mobile-first Web3 wallet,” the press release said.
It added that Kresus has unique technology: the app allows users to recover assets even if they lose access to their email. It calls it “’goof-proof’ security.”
The tool, combined with total user control, is crucial for Sotheby’s ecosystem to provide digital collectors who seek a safe vault to store their high-end NFTs, Kresus said.
Meanwhile, Sotheby’s announced that it would host a Sealed Auction of Ether Rock from February 14 to 21.
- A Penny
http://MintAPenny.xyz
https://www.mintapenny.xyz/
- 💥Zetachain: complete quests and collect 17k XP daily for Second AIRDROP💥
🤑2.5% of ZETA($ 78 million) has been allocated to the company.
✨You need just ~1 ZETA($ 1.5) for an account.
👉The minimum withdrawal from the OKX 2 ZETA, but comissions is scanty, it will take less than a dollar to spend on everything.
Steps:
✅Trade: Click on "Trade" and select Izumi. Swap 0.2 ZETA for BTC, after BTC- BNB, BNB- ETH, 50% ETH for ZETA.
✅Pool: Switch to Pool, add ETH/ZETA.
✅Send: Create an address on Metamask and send ~ 0.02 ZETA.
We wait ~ 30 minutes and claim XP.
Link here⬇️⬇️⬇️
https://hub.zetachain.com/xp?code=YWRkcmVzcz0weDVmMEM5M0IyNjQxMzA4NDA5OWFjN2ZFZjg0RTFCMkQxMDExMDQxNzImZXhwaXJhdGlvbj0xNzEwMTc3NDkwJnI9MHg4ZTdkOGMxMDNjNjViZjY4MGFkNTU5MzMwZWFhOTU0OGI0N2FlZDNjNWFjYWY3NDBjMGZmYjg4NDE2NDM5ZDZlJnM9MHgxNmRiZmZjZmRiYmZjM2ExZmZmYTc1N2VmMGU1MDUwMTczMTY0ZjEyNTRiMmQwM2FmMjVhZGY5ZDQ0NjE1NDg4JnY9Mjg%3D
- 💥One more post about Nibiru💥
✨Now you can join to airdrop campaign✨
You need just 2 things:
✅ Keplr wallet or Leap wallet
✅ Twitter
All tasks are social
Link here
👉 https://nibiru.fi/airdrops
- Time Has Run Out’: Crypto Analyst Says Bitcoin Moving Into Rally Phase – Here’s What He MeansA closely followed crypto analyst says that Bitcoin (BTC) has now moved into bullish territory as the halving approaches.
Pseudonymous analyst Rekt Capital tells his 397,000 followers on the social media platform X that Bitcoin has entered a “pre-halving rally phase.”
According to the trader, Bitcoin’s bull markets can be broken up into three main chapters: the pre-halving rally, the post-halving resistance and the post-halving parabola. He says BTC has officially kicked off the first phase.
“Time has run out.
Bitcoin has already transitioned into the pre-halving rally phase
Rekt also takes a look at the Pi Cycle Top indicator, which focuses on a 111-day moving average (DMA) and a multiple of the 350-day moving average.
According to the analyst, the indicator’s 111 DMA, which acts as support in bull runs, is hinting that a market cycle top is coming around October of this year. However, he notes that a market top could come at a later date if BTC corrects before the April halving, when miners’ rewards are cut in half.
“When it comes to the orange moving average, it holds as a support. Same thing in the halving year of 2020, and we’re now in the halving year as well, 2024, and just look what’s going on with this orange moving average right now. It’s holding as a support and it’s this retesting that’s going to offer bargain buying opportunities.
So we know that the 111-day moving average is an important moving average and as long as we don’t get a sizeable correction, and if we propagate these two moving averages into the future, that means we’d get a bull market top around October.
But around the pre-halving retrace is when we tend to see corrections in Bitcoin’s price action so a correction in that period is probably going to tilt this Pi Cycle moving average a little bit lower, and that’s also going to mean that this moving average propagated here is going to be tilted a little bit to the downside which mean we will see the bull market peak occur at a much later date.”
- 💥Claim Argent NFT if you filled a form earlier (for review about wallet)💥
🗓️ Deadline 16 Feb
✅ https://spok.xyz/claim/ba6e4727-83a0-4c2f-ad6e-d54684205ff6
- 💥One more post about Nibiru💥
✨Now you can join to airdrop campaign✨
You need just 2 things:
✅ Keplr wallet or Leap wallet
✅ Twitter
All tasks are social
Link here
👉 https://nibiru.fi/airdrops
- CryptoPunks Reveals Details For Its Punk In Residence Incubator Program + More NFT
NewsIn NFT news today, after a couple of days of increasing non-fungible token (NFT) sales volume, the market is back in red.
According to CryptoSlam, the sales volume is down nearly 13% over the past day to $ 42,137,944.
Buyers, sellers, and transactions are all down by just above 30%.
Looking at the top ten collections per sales volume, we find a mixed picture. Pudgy Penguins saw the biggest increase in the last 24 hours, by 242% to $ 1.5 million.
The highest drop was Nobody’s 75% to $ 719,751.
Pandora has remained in first place on the list with $ 14.98 million – substantially higher than the second-placed CryptoPunks’ $ 1.8 million.
As for the top ten blockchains over the past day, the most notable changes are with Ethereum and Solana. Ethereum is, expectedly, still in first place, but with a higher-than-usual daily volume of $ 28.6 million.
After nearly exiting the top ten list altogether following an outage, Solana is back in the top five. It currently sits in fourth place with $ 1.13 million, despite an 80% drop.
In other NFT news today, Yuga Labs shares details about its Punk In Residence program, Magic Eden announces the Creator’s Alliance, and Supervillain Labs and Aptos Labs partner on UX-rich Web3 gaming experiences.
CryptoPunks Reveals Details for its Punk In Residence Incubator Program
Yuga Labs, the team behind major collections CryptoPunks, Bored Ape Yacht Club (BAYC), Otherside, Meebits, and 10KTF, has revealed details on its new incubator program named Punk in Residence.
According to the press release, Punk in Residence will work with two artists per year. Web3 background isn’t required.
Participating artists may live and work from anywhere. They will receive ongoing mentorship, technical guidance, and production support as they create new pieces in collaboration with Yuga Labs and the CryptoPunks team.
Artists are free to interpret the definition of Punk from their own point of view via the medium of their choosing. “Yuga Labs will provide the technical expertise to bring these creations to the blockchain, pushing the intersection of culture and code,” it said.
Nina Chanel Abney will be the inaugural artist. Her work is featured in collections around the world, including the Whitney Museum of American Art, the Brooklyn Museum, The Rubell Family Collection, the Bronx Museum, the Dallas Museum of Art, and the Museum of Modern Art, New York.
Abney and CryptoPunks plan to exhibit the joint collection later this year. Subsequently, it will go on sale to the public on Magic Eden, the only marketplace that honors creator royalties.
“Abney and subsequent participating artists, will share equally with Yuga Labs in the financial success of sales of their digital releases to the public,” it added.
And speaking of Magic Eden and Yuga Labs…
Magic Eden Announces the Creator’s Alliance
In other NFT news today, Magic Eden has revealed a new alliance between major projects in the NFT space.
The Creator’s Alliance is “a coalition of the top NFT projects in web3, who are focused on promoting a sustainable royalty framework to empower creators and grow the NFT ecosystem,” it said.
Together, the collation members plan to advocate for a better industry that safeguards creators and encourages innovation.
It will support marketplaces that enable creators to earn royalties at the rate they set.
The members include: Yuga Labs, RTFKT, Pudgy Penguins, Azuki, 0N1 Force, Sugartown (Zynga), DeGods/y00ts, Doodles, Neo Tokyo, Animoca Brands, Creepz, Pixelmon, Wildcard, San FranTokyo, Forgotten Runes, Frame, Adidas, Hytopia, Rekt Guys, ThankYouX, Okay Bears, World of Women, Valeria Games, DeadFellaz, Cyber Kongz, Crypto Ninja Partners, A Kid Called Beast, Army Of Fortune, RENGA, Quirkies, Random Character Collective (Invisible Friends), Degen Toonz, Killabears, Cryptoon Goonz, Steady Stack, Alien Frens, Rug Radio, The Doge Pound, and Truth Labs
Yuga and Magic Eden have also invited other projects to join the cause. “It starts with the Creator’s Alliance and builds with the launch of the ME marketplace with Yuga Labs,” it said.
The initiative is an Ethereum-focused alliance in line with the upcoming marketplace launch. Magic Eden “happily supports pNFTs on Solana as a sustainable way for creators to earn royalties,” the team said.
Supervillain Labs and Aptos Labs Partner on UX-Rich Web3 Gaming Experiences
Aptos Labs, the team behind the layer-1 blockchain Aptos Network, has announced an investment in and partnership with game studio Supervillain Labs, per the announcement.
Supervillain Labs will collaborate with other Aptos ecosystem projects to develop original games. In the first of these games, titled Supervillain: Idle RPG, Aptos-native NFT projects, including Aptos Monkeys, Aptomingos, and Bruh Bears, will be represented as characters.
Participants who complete the Supervillain Suitability Test will also receive an “Ambassador Badge” NFT and a “Villain Character” NFT based on the participant’s personality type to use within the game.
A game demo of Supervillain: Idle RPG will be available on Aptos towards the end of February
The Supervillain Labs team chose to build its gaming presence on Aptos for the second time. Supervillain Labs can utilize peerless features of the Aptos blockchain, including Parallel Execution, which allows for millions of simultaneous transactions within each game, and the Aptos Digital Asset Standard, which facilitates efficient distribution, management, and operation of gaming assets across casual and core MMORPGs.
Supervillain Labs and Aptos Labs will also collaborate with Intella X, a web3 arm of gaming giant Neowiz.
- Airdrop claim eligibility is live in ZetaHub! Anyone can now enter Phase Z-1 to get ready for the launch of ZetaChain.🙌
- 💥Confirmed airdrops for 2024💥
✨I think that Blast can't make a something big because too many people already here, but I believe in Rainbow wallet and Aevo✨
- GM / 大家好 frens, we've missed you!
Welcome The Weirdo Ghost Gang WGG小幽灵邻居 to Phaver 👻 🦄
⚡️ Connect your WGG in Phaver & start earning Phaver Cred ⚡️
👉 3X Points boost (to 150) starts now for 30 days 👀
Keep Phavering! 💜
- BRC20 👀
Newly launched platform BRC20.com
BRC20 has raised $ 1.5M💰 in funding to build infrastructure for bitcoin-based tokens.
Newly launched Bitcoin tokens platform BRC20.com has raised $ 1.5 million in funding led by UTXO Management, the asset management arm of Bitcoin Magazine’s parent company BTC Inc.
The round included support from Zanshin Capital Management, Unbroken Chain, One Block Capital, Sora Ventures, OWL Ventures, Bitcoin Frontier Fund, Hamble and New Tribe Capital.
The investment comes at a time of increased interest in the BRC-20 token standard, created in March 2023 to facilitate the creation and transfer of fungible tokens on Bitcoin through the Ordinals protocol.
https://bitcoinmagazine.com/business/brc20-com-raises-1-5-million-to-provide-infrastructure-for-bitcoin-tokens
more information 👇
https://brc20.com
- Remember;
"Take time to make yourself happy!"
- 🎅🎄🎁 GM Frens! 💜 Have you created the funniest Christmas meme with @Mocaverse NFT #872 to join the campaign yet? Here is your last chance to win the NFT till Jan 2nd!
Details 👇
https://mocaverse.xyz/mission/70abcc09-95d7-4809-b9bc-d63d29e7a95e
/
- 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.
- 2023 Marks Bitcoin's Spirited December Surge: A Glimpse Into Crypto's Festive FrenzyOn Nov. 26, Bitcoin.com News highlighted the crypto community’s anticipation and hope for a ‘Bitcoin Santa Claus rally’ to manifest this year. Following the data collected from Dec. 1 to Dec. 24, 2023, the recent increase of 15.93% against the U.S. dollar has been recorded as the seventh most significant December surge since 2010.2023 Witnesses a 15.93% Bitcoin Surge, Ranking Seventh in December Gains
Indeed, Santa granted bitcoin enthusiasts a 15.93% boost this December, yet it’s unlikely to be remembered as an official ‘Bitcoin Santa Claus rally‘ akin to the ones seen in 2017 and 2011. From Dec. 1, 2023, to the eve of Christmas, BTC soared from $ 37,721 per unit to an impressive peak of $ 43,730. Nonetheless, it secured the seventh spot in the record books, marginally outpacing the 5.6% increase seen from Dec. 1 to Dec. 24 in 2012.
The year 2017 marked BTC’s most significant December rally, escalating from $ 9,947 to $ 14,815 between Dec. 1 and Dec. 24, reflecting a 48.94% surge. In a similar period in 2011, BTC experienced a 34.02% rise, climbing from $ 2.91 to $ 3.90 per coin. Meanwhile, 2016 recorded what seems to be the last ‘Santa Claus rally’, with a noteworthy 21.46% uptick against the dollar, elevating the price from $ 743 on Dec. 1 to $ 902 by Christmas Eve.
In 2010, bitcoin experienced a 19.05% rise within the same December period, while 2020 saw an 18.86% increase. The year 2015 witnessed BTC climbing by 17.29%. Aside from 2023’s and 2012’s gains, the years 2022, 2018, 2019, 2021, 2014, and 2013 all endured bearish Decembers. Specifically, in 2022, BTC’s value fell by 2.16% from Dec. 1 to Christmas Eve, and in 2018, it declined by 2.39% during the same December timeframe.
Subsequently, in the following December, bitcoin’s price saw a 2.77% decrease between those dates. In 2021, the price experienced a double-digit downturn, plummeting by 10.70%, and in 2014, BTC’s worth diminished by 11.72%. The period from Dec. 1 to Dec. 24, 2013, was notably the most drastic, with BTC prices plunging 41.18%. On Dec. 1, 2013, BTC traded at $ 1,103 per coin, but by the 24th, it had fallen sharply to $ 649 per unit.
As the crypto community reflects on the fluctuations and festive rallies of bitcoin’s December history, it’s clear that the journey has been as volatile as it has been exhilarating. The 2023 surge, though not record-breaking, adds another chapter to this ongoing saga, illustrating the unrelenting enthusiasm and spirit that defines the crypto market.
- Sempurna..
- Former Bitmex CEO Arthur Hayes: ETF Success' Might 'Destroy Bitcoin'Arthur Hayes, former CEO of Bitmex and cryptocurrency market analyst, pondered about the success of an upcoming spot bitcoin ETF and its effect on the future of bitcoin. Hayes states that the popularity of these ETF derivatives might concentrate the custody of all the bitcoin in a few hands that won’t move it, forcing miners to capitulate due to a lack of activity in the blockchain.Arthur Hayes Believes ETFs Might Cause the Demise of Bitcoin
Former Bitmex CEO Arthur Hayes believes that the success of an upcoming spot bitcoin ETF might endanger the existence of the Bitcoin network. In his most recent blog post, “Expression,” Hayes presents a hypothetical situation in which bitcoin is all in the hands of a few financial firms, like Blackrock.
If this happens, Hayes anticipates this will destroy bitcoin as a store of value, given that it is different from all of the assets traded in financial markets until now.
Hayes argued:
Bitcoin is the first monetary asset in human history that exists only if it moves. But if there was never another Bitcoin transaction between two entities, miners would be unable to afford the energy it costs to secure the networkThe result of this would be the shutdown of the whole Bitcoin network due to the starvation of miners who will receive fees only from bitcoin transactions after the subsidy ends circa 2140.
Hayes adds that this could happen if users come to value bitcoin as a financial asset more than a store of value, favoring the purchase of derivatives instead of the cryptocurrency. However, if bitcoin suffers this fate, Hayes anticipates the birth of a similar asset to allow people to transact in a non-state-owned financial system.
“Hopefully, the second time around, we will learn not to hand our private keys to the baldies,” he concluded.
What do you think about Hayes’ opinion on the success of a spot bitcoin ETF and its effect on bitcoin? Tell us in the comments section below.
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