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Welcome to the Inner Circle. We're one of the oldest crypto communities that started on Quora in 2019, now on Telegram. We process applications manually. Please take a look before apply (<1m read): https://qr.ae/prCDZJ Thanks! Admin - @eugeneqic

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Inner Circle (Crypto & Web3)

Thanks for this wonderful reply, much appreciated sir

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Inner Circle (Crypto & Web3)

Good day Mr @eugeneqic , it's been a while, hope you are good. Just wanted to know your view on $Qubic,the one with candle stick logo... I think @cryptomaniac0007 mentioned it to you couple of weeks ago... Where you able to look at it... Your response is well appreciated 🙏

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Inner Circle (Crypto & Web3)

Yes people who had the app from earlier still continue to use. But it carries some risk.
We can never update the app.

What if binance don't allow withdrawal someday without installing app update!!

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Inner Circle (Crypto & Web3)

Binance app has already been removed from app store and playstore in India.

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Inner Circle (Crypto & Web3)

Bybit
Bitget
Both are working good in India

Additionally make sure to install metamask if Indian gov takes on the centralised exchanges

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Inner Circle (Crypto & Web3)

Then which exchange is better sir. now iam with coindcx kindly suggest sir Thanks in advance

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Inner Circle (Crypto & Web3)

I really think bottom is already in at 49k.
I have a long from 50500 area
Let's wait and watch

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Inner Circle (Crypto & Web3)

Lowcap ELIX also looks good

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Inner Circle (Crypto & Web3)

0 doubts about that.

GALA—ahh, I'm not sure I stopped following it after the drama. In general, I don't like drama coins. Maybe it will have a second life, but I'm okay missing it.

Idk about NAKA it seems it made some noise back in the days, but now I haven't seen them making something exciting

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Inner Circle (Crypto & Web3)

The project offers nothing unique (from first sight) and following feels like a little bit botted.

On the other hand VC backing is good and market cap feels fair

idk hard to say but I'll definitely pass on this one

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Inner Circle (Crypto & Web3)

Does anyone have an opinion about NIBIRU chain?

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Inner Circle (Crypto & Web3)

🧐 Did the worst sell-off already happen? - Bybit Report

The report dives into the current state of crypto, macro events and trading signals from spot trading volume, futures, options and perpetual contracts.

Key Findings:

▪️ETH Futures Hold Strong: Despite a surge in trading volume, ETH futures open interest remained remarkably stable, suggesting a more cautious approach from futures traders.

▪️Perpetual Contracts Take the Hit: The sharp decline in open interest for both BTC and ETH perpetual contracts underscores the impact of leveraged long positions on the sell-off.

▪️ETH Underperforms: ETH's more pronounced price drop compared to BTC, even after the launch of ETH Spot ETFs, raises questions about the market's perception of the ETF's impact.

▪️Options Market Optimism: The disparity between realized and implied volatility indicates that options traders are not anticipating a prolonged period of heightened volatility.

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Inner Circle (Crypto & Web3)

US private investors predict surge in crypto investments in 2024

A recent survey from law firm Barnes & Thornburg revealed that:

▪️84% of participants believe private investment in cryptocurrency will rise over the next 12 months;
▪️more than half (59%) said they are more likely to invest in crypto funds than a year ago.

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Inner Circle (Crypto & Web3)

The Biggest Crypto Market Correction

In the last ten years, the worst global crypto market correction has been the -39.6% Covid-19 crash on March 13, 2020. The widespread sell off saw total crypto market capitalization plunge from $223.74B to $135.14B day over day. 

In comparison, the largest crypto market sell off to date this year was significantly less severe at only -8.4%, which took place on March 20, 2024.

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Inner Circle (Crypto & Web3)

Nearly every token Binance listed in 2024 is now bleeding red

Of the 30 tokens listed by cryptocurrency exchange Binance in 2024, all but one are in the red—and most are down badly, according to a post by crypto researcher Coin98 Analytics.

The sole exception is Jupiter’s native token, JUP, which has risen 21.2% since listing on Jan. 31 and now has a fully diluted value of some $8B.

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Inner Circle (Crypto & Web3)

Good day @KaluPrince it looks decent. Can't say too much about fundamentals, but socials look legit. Mcap and Fully diluted look a bit high to me. I wouldn't invest unless there are some notable projects built on this blockchain. But AI blockchain narrative might play out well

to resume: maybe 6\10

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Inner Circle (Crypto & Web3)

yes sir you r correct iam facing withdrawal problem in a same way which is bitbns indian exchange

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Inner Circle (Crypto & Web3)

yes sir as i have app its working for me now itself

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Inner Circle (Crypto & Web3)

What about binance sir

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Inner Circle (Crypto & Web3)

Same, local bottom was in imo also called it around 51k also, now all depends from macro news, a large war in middle east could be bad

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Inner Circle (Crypto & Web3)

https://x.com/sir_x_1/status/1822174907699957838

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Inner Circle (Crypto & Web3)

Stopped using wazirx in 2022
Remember zebpay and koinex from 2017,
I don't trust any Indian exchange now.
Government already made difficult so they struggle to get volume. Most exchange of india will run away after 2026

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Inner Circle (Crypto & Web3)

Instead of those two, I'd go for RON and maybe BEAM

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Inner Circle (Crypto & Web3)

Thanks, your insight it’s always appreciated and valuable. Also do you think another “Gaming altcoin season” will go high this bull market? And have in my mind just 2 coins from so many of them, GALA and NAKA?

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Inner Circle (Crypto & Web3)

It looks decent but I'm not sure it will work out in the long run

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Inner Circle (Crypto & Web3)

​​#DailyCryptoNews

💼 Top crypto news for Friday, August 9

📌
Thailand launches regulatory sandbox to test crypto services.

📌
OKX cracks down on Tornado Cash users with account terminations.

📌
TON users gain free access to advanced analytics.

📌
Tether to double its workforce to 200 by mid-2025.

Bullish or bearish news overall?


👍 - Bullish
👎 - Bearish
🤔 - Neutral

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Inner Circle (Crypto & Web3)

​​#DailyCryptoNews

💼 Top crypto news for Thursday, August 8

📌
US crypto firm BitGo wins payment license in Singapore.

📌
Judge finds Ripple Labs liable for $125M penalty in SEC case.

📌
Amazon faces UK merger probe over $4B Anthropic AI investment.

📌
Montenegrin court delays Do Kwon’s extradition to South Korea.

📌
NY judge approves $12.7B settlement between FTX, Alameda and CFTC.

Bullish or bearish news overall?


👍 - Bullish
👎 - Bearish
🤔 - Neutral

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Inner Circle (Crypto & Web3)

​​#DailyCryptoNews

💼 Top crypto news for Wednesday, August 7

📌
Bitstamp helps Stripe scale crypto purchases in the EU.

📌
California county to regulate Bitcoin ATMs backed by state laws.

📌
Grayscale introduces Bittensor and Sui trust products.

📌
Hong Kong virtual bank Mox Bank launches crypto ETF trading.

Bullish or bearish news overall?


👍 - Bullish
👎 - Bearish
🤔 - Neutral

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Inner Circle (Crypto & Web3)

🤷🏾 ‘Trump or Harris, It Doesn’t Matter’ for Bitcoin’s Future - Arthur Hayes

In a recent interview, former BitMEX CEO Arthur Hayes shared his provocative views on the upcoming 2024 U.S. presidential election and how it may influence Bitcoin.

▪️Election Impact on Bitcoin: Arthur Hayes stated that the 2024 U.S. presidential election will have minimal impact on Bitcoin’s future. He believes that the influence of major financial institutions like JPMorgan and Goldman Sachs will overshadow any policy changes from the election.

▪️Crypto Industry Evolution: Hayes, who transitioned to the crypto world after starting his career at Deutsche Bank during the 2008 financial crisis, co-founded BitMEX and observed the crypto industry evolving to resemble traditional banking.

▪️Bitcoin’s Future Outlook: Hayes is highly optimistic about Bitcoin’s future, predicting its price could soar to hundreds of thousands of dollars, possibly even $1 million. He attributes this potential surge to massive debt rollovers.

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Inner Circle (Crypto & Web3)

Got to go mate will catch up in a bit

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