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Channel about blockchain, investments, ways to make money on cryptocurrency and market prospects. Ad - @Mr_greek
➡️OP is falling while we are counting profits
80% profit with 5x lev done here, I move my stop loss in breakeven!
👥OKX Wallet Integrates with Trait Sniper, Unlocking New NFT Frontiers
— Seamless Integration for NFT Adventures
The process to unlock the potential of Trait Sniper through the OKX Wallet is simple and user-friendly. To get started, users only need to download the OKX Wallet web extension, which is readily available as an add-on for popular browsers like Chrome and Firefox. From there, users can either create a new OKX Wallet or add an existing one to begin their NFT adventure. Once their wallet is set up, connecting OKX Wallet to Trait Sniper is done via the web extension, making the entire process seamless and hassle-free. The collaboration between the two platforms aims to offer users unparalleled access to a diverse range of NFT solutions.
OKX Wallet has been making waves in the crypto space, boasting an extensive suite of products to cater to both beginners and experienced crypto enthusiasts. As a universal crypto wallet, it supports over 3,000 cryptocurrencies and more than 60 networks. Additionally, OKX Wallet provides access to thousands of DApps and boasts a one-stop decentralized NFT Marketplace, eliminating the need for users to navigate between multiple platforms.
Recent news from OKX Wallet revealed that the platform is now open source, marking a significant step in fostering transparency and community collaboration within the crypto ecosystem. The global technology giant, OKX, continues to drive the future of Web3 by partnering with top brands and high-profile athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.
The collaboration between OKX Wallet and Trait Sniper stands as a testament to the rapid evolution of the NFT market. By combining the expertise of both platforms, users can now access advanced analytics and robust trading capabilities, enhancing their NFT experience and empowering them to make more informed decisions in this dynamic and fast-growing sector.
📣Binance announces sale of its entire Russia operations to CommEX, marking its exit from the country.
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⚡️China Released White Paper To Drive Web3 Innovation and Development.
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💸Top Analyst Says Bitcoin Is in Bull Market
Leading cryptocurrency analyst Ki Young Ju has asserted that Bitcoin is currently in a bull market cycle after the largest cryptocurrency finally surpassed $30,000.
In a recent tweet, the CryptoQuant head explained that the Bitcoin price-earnings ratio (PER), which is based on miner revenue, stands at 73, implying an attractive price point for miners to sell and indicating a bullish phase.
Ju's formula for calculating Bitcoin's PER involves dividing the cryptocurrency's price by the annual miner revenue over the total supply.
The current bullish phase, according to the expert, exhibits certain cyclic patterns within the cryptocurrency industry.
At press time, the Bitcoin price is trading approximately $30,019.91 with a slight upward trend observed over the past week. Its market cap is nearing the $600 billion mark.
— Upcoming options expiries
Adding complexity to the market scenario, recent data indicates that 31,000 Bitcoin options contracts are about to expire.
With a put-call ratio of 0.73 and a maximum pain point of $27,000, these contracts represent a notional value of $930 million.
Additionally, 180,000 Ethereum options are also nearing their expiry date, carrying a put-call ratio of 0.86, a maximum pain point of $1,750, and a notional value of $340 million.
📣 ARB made +17% profit on spot, 4/5 targets reached! Keep holding.
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⬇️Blockbuster Crypto Wall Street Memes Token to List on Binance in 3 Days Claims Source
There are three days to go before Wall Street Memes, one of 2023’s biggest crypto presales, launches on exchanges, and Binance could be among the tier 1 trading venues being targeted.
WSM coin is at the center of a plan to monetize the meme stocks movement and bring that energy to crypto.
With a one million-strong social community of financially switched-on individuals behind it, a community that Elon Musk interacts with, the opportunity to turn investments of hundreds of dollars into millions has been too good to pass up for many.
According to the Wall Street Memes website, in three days, the first tier 1 centralized exchange (CEX) listings will take place, and it is thought that at least two of them are ranked in the top 10 globally.
But today an inside source has let it slip that the world’s largest crypto exchange, Binance, might possibly be listing the coin.
As crypto trading volumes touch multi-year lows, centralized exchanges are competing fiercely for market share. Binance, at one stage, looked like it would be one of the winners of the crypto winter when it grabbed a market share of as much as 65% earlier this year.
📣BTC UPDATE
A week has passed, but nothing changed. Still waiting for some fake breakdown of the $25,000 in order to gather all the liquidity located below.
Can possible touch the $24,000 - $24,400 area, but then must retrace upwards and come back above the $25k.
If comeback doesn't happen, then as I've said, we should expect nothing positive from the market this month.
👀Everywhere you turn today, the buzz is all about one thing — the Azuki Elementals mint.
The fascination, the excitement, and the intrigue around this mint have created a fervor that is impossible to ignore.
The Azuki Elementals are the third addition to the rapidly expanding Azuki universe, including Azuki’s genesis collection and Beanz.
Spanning four different domains (Lightning, Earth, Water, and Fire) and rarity tiers, Elementals consists of 20,000 NFTs.
The first 10,000 were airdropped to Azuki holders at the project's recent Vegas event.
➡️ Japan's PM Fumio Kishida Expresses Full Support for Web3 Technology.
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🔼CleanSpark's Mining Campus in Georgia Expands, Surpassing 8.5 EH/s Computing Power.
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🌐Cardano Founder Reacts to Epic NFT Sale Costing 63,000 ADA
The Cardano ecosystem is seeing remarkable demand for its non-fungible tokens (NFTs), which might have partly led to some of its NFT collections being sold at noteworthy prices.
Notably, the demand for Cardano Apes has been sustained, driving prices higher. A Twitter user drew attention to this fact, reporting that a Cardano Ape NFT just sold for 63,000 ADA, valued at nearly 20,000 U.S. dollars.
The Twitter user went on to ask for thoughts about the sale. The tweet caught the attention of Cardano founder Charles Hoskinson, who reacted with a GIF image that might suggest someone exploding with excitement.
— Charles Hoskinson
Another interpretation of the GIF image might be to infer that the sale was an "explosive" one. Whichever it may be, the Cardano founder's intent remains unknown.
The Ape Society, Cardano's largest NFT project, saw strong user demand last December, resulting in its floor price setting highs of 10,000 ADA. Ape Society has the highest Collection Share by Volume, accounting for 24.64% over the past 24 hours, according to CNFT data.
Not only is Cardano thriving in its NFT sales, according to Messari's Layer 1 Q2, 2023, comparison report, but Cardano also dominated Q2, 2023, DeFi growth, leading in TVL, stablecoin market cap and DEX volume among the featured Layer 1 despite a 27% QoQ decrease in ADA's price.
🗣️ETH/BTC UPDATE
There is a bearish flag. More likely we will see a continuation of the dump to the 0.06 points. Not so good for Altcoins in a short-term period.
➡️Thailand's Cryptocurrency Market to Flourish with Binance and Gulf Innova Collaboration.
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💸Cardano's TVL Hits Record 446 Million ADA
Cardano, a blockchain platform known for its innovative approach and peer-reviewed scientific research, has recently hit a significant milestone. The Total Value Locked (TVL) in Cardano’s DeFi ecosystem has soared to over 446 million ADA, marking a new all-time high, according to data from DeFiLlama. This surge in TVL is a testament to the growing popularity and trust in Cardano’s ecosystem as more protocols come online.
The rapid expansion of decentralized finance (DeFi) protocols on Cardano has significantly contributed to this growth. These protocols enable users to engage in various financial activities, including lending, borrowing, and yield farming, all while maintaining control over their funds. Cardano’s scalable and secure infrastructure has attracted numerous DeFi projects, enhancing the platform’s ecosystem and amplifying its TVL. Minswap, for instance, continues to lead the TVL on Cardano with a 35.96% dominance, as reported by the TapTools team.
The recent increase in Cardano’s TVL can also be attributed to individuals seeking refuge from the traditional banking system and centralized exchanges. Growing concerns over privacy, security, and control have driven many users towards decentralized alternatives, and Cardano has emerged as a compelling choice.
➡️From Vintage to MNTGE: Digital Fashion Brand to Release NFT Patches Linked to IRL Rewards
Digital fashion brand MNTGE is gearing up to release its Patchwork collection, comprised of a series of non-fungible token (NFT) patches paired with a physical counterpart.
MNTGE Patchwork features 13 unique digital patches designed by 11 artists including Jen Stark, Bored Ape Yacht Club artist Seneca and Nyan Cat meme creator Christopher Torres. The entire 7,500-unit collection will open for sale on July 27 on NFT marketplace OpenSea. Each NFT will be priced at 0.07 ETH, or $130, and the artwork will be revealed upon mint.
Each NFT is linked to an identical physical patch. Embedded with a near-field communication (NFC) chip, owners can scan the real-world patch to claim the digital token in their crypto wallet. By holding the patch on the blockchain and IRL, users can trace ownership as well as attend token-gated events and exclusive MNTGE experiences.
Additionally, the patches aren’t just one-off collectibles. In the physical world, they can be sewn onto MNTGE’s “base garments,” including t-shirts, jackets and denim. In the digital realm, the patches can be “owned” by the base garment itself. By implementing an ERC-6551 token standard, the digital wearable becomes a token-bound account that can custody the patches – creating an added layer of digital ownership.
Nick Adler, co-founder of MNTGE, told CoinDesk that the company was rooted in the goal of selling vintage fashion and utilizing the blockchain to revitalize its origins.
“People are out there wearing [vintage] and collecting it…young kids want to be authentic,” said Adler. “They don't want a Hot Topic shirt, they want the original shirt, right? So we just saw this natural, really honest use case for the blockchain, and we just felt like the two could really go hand in hand.”
➡️ Great listing of the CAT token!
Public price: $0.00138
Highest price: $0.00630 (+280%)
Current price: $0.00300 (+170%)
I do hope you were able to get an allocation on public round and earned some great profits!
➡️ NFTs arrive on Instagram: complete tutorial
NFTs, Non-Fungible Tokens, are coming to Instagram as well: here is the full tutorial on how digital assets will be managed in one of the most influential social platforms in the world.
In recent months, Meta brought a novel feature useful for sharing non-fungible tokens purchased or held on other platforms. Recently, however, came the announcement of a system that will allow people to create and sell them directly, without having to go through external services.
For now, the company has involved only a small group of creators in the United States. It is important to highlight that Meta’s choice demonstrates how the NFT market is becoming increasingly attractive around the world.
👀 BTC!
As expected, Bitcoin gave us a good-old pump to $28,480 resistance! Hope you had some BTC in your portfolio.
Volumes are great, we may expect the pump to continue until the $30,000 level.
At the moment the price is consolidating below the resistance of $28,400. We may see a correction from there, you can use it for buying if you want to.
As I've said in the previous update, $27,300 breakout turn me into neutrally-bullish mode. If the price breaks the $28,500 I will be way more bullish.
➡️Clay Nation to form a collaboration with The Sandbox
Clay Nation will be forming a collaboration with The Sandbox, which will be the first Cardano-oriented project on the platform and will come with a fresh lease of life for The Sandbox ecosystem. There will also be additions made to the overall volume of connected players in their favor. Incidentally, this is exactly a situation that The Sandbox had been looking forward to for a long time, and they are extremely pleased with the fortunate turn of events.
Clay Nation, on its own part, is a multi-faceted clay animation, as well as a digital collectible and metaverse-related project. Their entire aim and intention are to be able to build a progressive community that is into the utilization of Web3 for the purpose of bringing in further human interaction. This well-thought-out collaboration will open the doors for the initial phase of cross-chain PFP-avatar collection interoperability.
In turn, it will provide the opportunity for the owners of the Clay Nation Cardano NFTs to be able to use their own avatars in The Sandbox. The participants will find themselves in the position of being capable of creating wearables, as well as other creative products, through the gathering of in-game resources.
As per the understanding between the two entities, Clay Nation has forged an association with Smobler and is in the process of building the Sonic Sands exposure on its very own 2×2 land shortly. There will also be a social hub which will be used for staging concerts. The idea is to expand on the possibilities of scouring for music and collectibles like mushrooms, as well as crystals.
✔️FTX Paves the Way for Reviving Crypto Exchange, Benefitting Worldwide Customers.
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➡️ JPMorgan Forays into Cryptocurrency Travel Landscape through Trademark Application.
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➡️Bitcoin Trades at Narrow Discount on BinanceUS
Bitcoin (BTC) was priced at a slight discount on BinanceUS early Friday after the exchange said it would become a crypto-only platform starting June 13.
At 08:25 UTC, the bitcoin-U.S. dollar pair on BinanceUS traded at least $130 below prices on Coinbase and other major exchanges, according to data tracked by the charting platform TradingView.
"BTC now trades at a slight discount on BinanceUS," said Clara Medalie, a director at Paris-based crypto data provider Kaiko. "News of a possible halt in USD withdrawals has caused an uptick in BTC selling as traders quickly try to get their assets off the exchange,"
BinanceUS tweeted late Thursday that it would no longer accept dollar deposits and warned that its banking partners are preparing to pause fiat withdrawal channels as of June 13. The exchange urged clients to reclaim their dollars using bank transfers before then, and said it would begin delisting the dollar-denominated pairs starting next week.
The decision comes days after the U.S. Securities Exchange and Commission (SEC) asked a federal court to freeze BinanceUS' assets, while suing its global entity Binance and rival exchange Coinbase for violating the federal securities law.
The SEC's action saw market makers remove liquidity from BinanceUS' order books. The resulting worsening of the market depth saw bitcoin trade at a premium of more than $1,000 on the exchange at one point.
👁 ETH GLOBAL UPDATE
Here is the big plan on buying Ethereum before the new bullish season starts.
There is a massive ascending triangle that must be broken upwards. However, I expect ETH to test its support BEFORE going to the resistance.
We will buy Ethereum in the $1400 - $1450 range with the final target at about $8000 - $10,000.
‼️Aave’s Proposal to Freeze BUSD Poised to Pass
Following Paxos’s run-in with the SEC over its BUSD stablecoin, decentralized protocol Aave is poised to pass a proposal to freeze BUSD on its platform.
The proposal suggests Aave switch to a different stablecoin.
The SEC issued a Wells notice, which typically precedes enforcement actions, to Paxos, according to recent reports. The regulator alleges BUSD is an unregistered security.
“The inability to mint new BUSD might hurt peg arbitrage opportunity and asset peg,” the Aave proposal reads. “It seems that the most reasonable path for Aave is to freeze this reserve and invite users to switch to another stablecoin among the diversity present in Aave.”
The proposal, introduced Monday, was written by two delegates: the Aave-Chan initiative and Marc Zeller of Aave DAO.
“On a more general level, BUSD is one of the smallest Aave stablecoin reserves,” Zeller told Blockworks. “So the impact on overall Aave liquidity is minimal.”
Zeller’s efforts come as regulation continues to heat up in the US. After a slew of enforcement actions and settlements in recent weeks, the industry is left wondering what is next for stablecoins and staking products.
The proposal says “there’s no real prospect of growth” for BUSD, adding that the stablecoin’s circulating supply will “eventually go toward zero.”
🌐BTC UPDATE
As I've said earlier, I don't expect much positivity from Bitcoin now. The $25,000 support acts as a magnet, we will reach it with high probability.
Moreover, breakdown of $25,000 also makes sense. Testing the $23,700 - $24,000 zone will be good for the market.
To pump we need strong bullish news.
To dump we need to let market live its life.
💬BTC Q4 UPDATE
We've been waiting quite a long time to publish this, but today we received another bearish confirmation and here it is.
You have probably already heard about this massive H&S pattern on the Bitcoin 1-3D chart. The neckline is located at the $25,000 support level.
Most probably we will see a breakdown of this support. Chances of testing the $20,000 level this year are quite high.
The top of the right shoulder can be located in the $28,000 - $30,000 zone which means locally we can still go a bit higher.
We need one more dip before the 2024 - 2025 bullrun! lower lows are extremely unlikely
🌐Social platform behind ‘retail short squeeze’ launches crypto trading.
Stocktwits plans to expand its crypto trading services by launching U.S. equity trading and crypto derivatives trading in the coming months.
Investor-focused social media platform Stocktwits, which gained popularity during last year’s “retail short squeeze” frenzy involving GameStop and AMC Theaters, rolled out its own crypto trading services on Thursday.
Stocktwits has partnered with FTXUS to carry out its crypto trading services and is set to launch United States equity trading next quarter. The firm further looks to expand its trading services portfolio by offering crypto derivatives trading and other asset classes in the coming months.
Stocktwits boasts 6 million registered users and sees 5 million active users monthly. The new crypto trading option would allow users to trade directly from their profiles and allow them to showcase their portfolios as well.
The social network platform played a key role along with the subreddit r/Wallstreetbets to short squeeze meme stocks in February 2021, leading to billions of dollars in losses for hedge funds that bought millions of short positions against these stocks. The crypto community offered great support during the retail saga and asked several companies associated with it to integrate crypto as a protest against centralized bullying.
The social platform until now was primarily focused on discussions among investors and traders along with other data tools. The CEO of the platform, Rishi Khanna, acknowledged the growing prominence of crypto discussion on the network and said that the “community and data have served as a strong on-ramp into the platform.”
The launch of the live crypto trading feature would help Stocktwits join the growing list of companies from the short squeeze saga that have integrated crypto-related services. AMC integrated crypto payments for its online booking services while GameStop is entering nonfungible tokens and also plans to build new crypto partnerships.
💬STOCK MARKET REVIEW (DXY & SPX)
U.S. Dollar Index has been unstoppably growing for 12 weeks straight! As the result, S&P500 Index was falling during this time. Crypto survived not the best time as well.
However, at the moment DXY is approaching a strong ascending trend line, while SPX is reaching the strong support level.
What does it mean? If U.S. Dollar Index stops growing and rejects from the resistance, we may finally see some bullishness on SPX and therefore on Crypto too.
💸Crypto regulation is in the works, and Coinbase isn't ruling out relocation away from the U.S.
“Anything is on the table,” said CEO Brian Armstrong when asked if Coinbase would consider moving to Britain.
In Late March, the U.S. Securities and Exchange Commission warned Coinbase of plans to implement regulation on the company.
Lawmakers have yet to agree on these plans as they decide whether assets like Bitcoin and Ethereum should be considered securities or commodities.