๐Weekly Market Highlights #103: June 17 - June 23
โจThe third week of June continues to see a decline in BTC and the entire crypto market
โจOver the past week, the crypto market total capitalization decreased by ~$117B (from ~$2,425B to ~$2,308B).
โจBTC Sees Multi-Week Low
โ All BTC could do last week was start the week at $66.7K and rise slightly to $67.3K.
โ After last weekโs unsuccessful attempt to overcome $70K, BTC headed straight south and slumped to $63,3K on Friday, a monthly low.
โ BTC's market cap has plummeted to under $1,238B, while its dominance over the alts remains at 54.2% on CoinMarketCap
โจAltcoins In The Red
โ When BTC bleeds, the entire market is not healthy. On a weekly scale, SOL is the name with the strongest decline with a drop of ~15%, currently trading around ~$127.
โ Most other major altcoins also saw similar price drops: AVAX (15%), SHIB (15%), LINK (11%), DOT (10%), and BCH (10%)
โ ETH and BNB are down 5% weekly, currently trading around ~$3400 and ~$575.
โ Total 2 Index (Marketcap excluding BTC) is now at $1.05B
โจBitcoin Fear and Greed Index is 51 - Neutral, lower than at the beginning of the week (71)
โจDominance:
โ BTC: 54.2%
โ ETH: 18.2%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โจThe third week of June continues to see a decline in BTC and the entire crypto market
โจOver the past week, the crypto market total capitalization decreased by ~$117B (from ~$2,425B to ~$2,308B).
โจBTC Sees Multi-Week Low
โ All BTC could do last week was start the week at $66.7K and rise slightly to $67.3K.
โ After last weekโs unsuccessful attempt to overcome $70K, BTC headed straight south and slumped to $63,3K on Friday, a monthly low.
โ BTC's market cap has plummeted to under $1,238B, while its dominance over the alts remains at 54.2% on CoinMarketCap
โจAltcoins In The Red
โ When BTC bleeds, the entire market is not healthy. On a weekly scale, SOL is the name with the strongest decline with a drop of ~15%, currently trading around ~$127.
โ Most other major altcoins also saw similar price drops: AVAX (15%), SHIB (15%), LINK (11%), DOT (10%), and BCH (10%)
โ ETH and BNB are down 5% weekly, currently trading around ~$3400 and ~$575.
โ Total 2 Index (Marketcap excluding BTC) is now at $1.05B
โจBitcoin Fear and Greed Index is 51 - Neutral, lower than at the beginning of the week (71)
โจDominance:
โ BTC: 54.2%
โ ETH: 18.2%
๐ฃSee you next week!
Website | Telegram | Substack | Twitter | Discussion
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
๐๐ป Let's see if you missed any news!
I. IDO Project
II. Event and Highlight News
III. Under Development
๐ DEX View
- Optimize and enhance the overall user experience
IV. Communities
โข Telegram Channel: 94,922
โข Twitter: 425,390
โข Youtube: 18,500
โข Facebook: 12,302
โญ๏ธ BSCS Official Media Channels:
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๐ BSCS x UDAO Airdrop Campaign Winners Announcement! ๐
๐ The results are in! Congratulations to our top winners and lucky participants!
๐ CHECK YOUR LUCK ๐
๐ข Claim at BSCS Airdrop Portal
โฐ Claim Time: June 25th - June 30th
๐ Reward
๐ฅ Top 1: 30 USDT
๐ Top 2-3: 20 USDT
๐ Lucky Roll: 5 USDT/ each
๐ Thank you for your participation! Let's support the amazing journey ahead of UDAO with us!
๐ Get ready for many more exciting events we have in store for the community!
๐ช UDAO Official Media Channels:
Website | Twitter | Telegram | Medium | Discord
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
๐ CHECK YOUR LUCK ๐
๐ฅ Top 1: 30 USDT
๐ Top 2-3: 20 USDT
๐ Get ready for many more exciting events we have in store for the community!
Website | Twitter | Telegram | Medium | Discord
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Experience the electric atmosphere of Euro 2024 and be part of our exciting event that takes your experienc to a whole new level!
๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
โ๏ธ Example: Jeremy | BSCS | Germany or Jeremry_BSCS_Germany
๐ Aim for the winning title guys! Let's go!
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โ๏ธ Crypto Slang Terms #22: Your Guide to the Cryptoverse ๐
๐ก Ready to join BSCS & learn five new blockchain words? Let's improve your crypto knowledge!
โน๏ธ Token Generation Event (TGE): The process of creating and launching a new project's native token to the market.
๐๐ป Example: TGE time of Private/IDO Sale on BSCS
โน๏ธ Token Issuance: Creating a blockchain-based token, involving various considerations about its operation and integration into its ecosystem.
๐๐ป Example: Bitcoin issuance will cease after reaching 21 million tokens.
โน๏ธ Token Lockup: A period during which user is unable to trade, sell, or transfer a set of cryptocurrency tokens.
โน๏ธ Token Migration: The process of moving a cryptocurrencyโs coins or tokens from one blockchain to another.
โน๏ธ Token Supply: The total number of tokens that a blockchain protocol has created, or will create in the future.
๐๐ป Example: Total Supply of $BSCS is 398,365,079
๐ช Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
๐ก Ready to join BSCS & learn five new blockchain words? Let's improve your crypto knowledge!
๐๐ป Example: TGE time of Private/IDO Sale on BSCS
๐๐ป Example: Bitcoin issuance will cease after reaching 21 million tokens.
๐๐ป Example: Total Supply of $BSCS is 398,365,079
๐ช Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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๐ Better than Yesterday #37: What is Restaking?
DeFi is making a comeback with โliquid restaking tokensโ or LRTs, attracting billions of dollars in investments from crypto enthusiasts worldwide.
Let's dive in to explore what restaking is, how it works, its benefits, and potential risks.
โน๏ธ What Is Restaking?
Restaking allows assets that are already staked to be staked again on a different platform or program, increasing their utility and potential rewards.
โน๏ธ How Restaking Works
EigenLayer started the restaking concept and was the first to implement it on the mainnet.
It provides a system that allows Restakers, Operators, and Actively Validated Services (AVS) to interact.
๐ข Restaker: Restakers stake ETH/LST and accept additional conditions to provide validation services to selected AVS.
๐ข Operator: Operators manage the technical aspects for Restakers.
๐ข AVS: These are services that need independent validation.
โน๏ธ Types of Restaking
Two types of restaking options are available to users:
โ
Native
โ
Liquid
As restaking continues to evolve, we will continue to see more use cases for staked assets through restaking come to the fore.
๐ฐ Read Detailed Article Here
๐ Stay tuned for part 2, where we will unveil the benefits and risks of this newest investment trend!
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
DeFi is making a comeback with โliquid restaking tokensโ or LRTs, attracting billions of dollars in investments from crypto enthusiasts worldwide.
Let's dive in to explore what restaking is, how it works, its benefits, and potential risks.
Restaking allows assets that are already staked to be staked again on a different platform or program, increasing their utility and potential rewards.
EigenLayer started the restaking concept and was the first to implement it on the mainnet.
It provides a system that allows Restakers, Operators, and Actively Validated Services (AVS) to interact.
Two types of restaking options are available to users:
As restaking continues to evolve, we will continue to see more use cases for staked assets through restaking come to the fore.
๐ฐ Read Detailed Article Here
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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Keep those messages coming and climb the leaderboard. Every message and check-in counts towards your final score!
๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
โ๏ธ Example: Jeremy | BSCS | Germany or Jeremry_BSCS_Germany
๐ Keep up the spirit and support your team while promoting BSCS! Let's make these final days count!
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What are your plans for July? Will you HODL until we hit the new ATH and ride to the Moon?
Anonymous Poll
40%
A - Yes
29%
B - Absolutely Yes
16%
C - Panic Sell
12%
D - Buy more of the Dip first
3%
E - Stay on the sidelines
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๐Weekly Market Highlights #104: June 24 - June 30
โจBitcoin and the cryptocurrency market had a rough last week of June 2024, falling to a six-week low, but things picked up over the weekend.
โจOver the past week, the crypto market total capitalization increased by ~$28B (from ~$2,308B to ~$2,336B).
โจBTC Holds At $61K
โ Late at night on June 24 and early morning on June 25, BTC price adjusted profoundly, at times dropping to as low as $58.4K, before recovering to the ~$61K range.
โ This is the lowest price of BTC since May 1, 2024, when this currency had a record outflow of more than half a billion USD from Bitcoin ETF funds, causing the BTC price to collapse to $56.5K. Thus, BTC has lost nearly 12% of its value in just 5 days since the $66.3K mark on June 20.
โ The weekend was more positive as BTC increased ~4% in price to ~$62.7K, bringing optimism to the entire market after a gloomy week.
โจThe Rise Of Major Altcoins
โ AVAX is the best performer of the week with a ~22% increase, currently trading around ~$29.5. This is followed by SOL (18%), DOT (12%), and LINK (10%), trading at ~$147, $6.3, and $14.4, respectively.
โ AVAX is the best performer of the week with a ~22% increase, currently trading around ~$29.5. This is followed by SOL (18%), DOT (12%), and LINK (10%), trading at ~$147, $6.3, and $14.4, respectively.
โ On a weekly scale, ETH, BNB, DOGE, TON, NEAR, LTC all saw slight gains
โ Total 2 Index (Marketcap excluding BTC) is now at $1.03B
โจBitcoin Fear and Greed Index is 53 - Neutral, higher than at the beginning of the week (51)
โจDominance:
โ BTC: 53.5%
โ ETH: 18.0%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โจBitcoin and the cryptocurrency market had a rough last week of June 2024, falling to a six-week low, but things picked up over the weekend.
โจOver the past week, the crypto market total capitalization increased by ~$28B (from ~$2,308B to ~$2,336B).
โจBTC Holds At $61K
โ Late at night on June 24 and early morning on June 25, BTC price adjusted profoundly, at times dropping to as low as $58.4K, before recovering to the ~$61K range.
โ This is the lowest price of BTC since May 1, 2024, when this currency had a record outflow of more than half a billion USD from Bitcoin ETF funds, causing the BTC price to collapse to $56.5K. Thus, BTC has lost nearly 12% of its value in just 5 days since the $66.3K mark on June 20.
โ The weekend was more positive as BTC increased ~4% in price to ~$62.7K, bringing optimism to the entire market after a gloomy week.
โจThe Rise Of Major Altcoins
โ AVAX is the best performer of the week with a ~22% increase, currently trading around ~$29.5. This is followed by SOL (18%), DOT (12%), and LINK (10%), trading at ~$147, $6.3, and $14.4, respectively.
โ AVAX is the best performer of the week with a ~22% increase, currently trading around ~$29.5. This is followed by SOL (18%), DOT (12%), and LINK (10%), trading at ~$147, $6.3, and $14.4, respectively.
โ On a weekly scale, ETH, BNB, DOGE, TON, NEAR, LTC all saw slight gains
โ Total 2 Index (Marketcap excluding BTC) is now at $1.03B
โจBitcoin Fear and Greed Index is 53 - Neutral, higher than at the beginning of the week (51)
โจDominance:
โ BTC: 53.5%
โ ETH: 18.0%
๐ฃSee you next week!
Website | Telegram | Substack | Twitter | Discussion
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
๐๐ป Let's see if you missed any news!
I. Event and Highlight News
II. Education
III. Under Development
๐ DEX View
- Optimize and enhance the overall user experience
IV. Communities
โข Telegram Channel: 94,282
โข Twitter: 425,625
โข Youtube: 18,500
โข Facebook: 12,285
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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๐ Better than Yesterday #38: What is Restaking? Part 2
Welcome back to our series on restaking! In this part, we delve into the benefits and risks of this emerging trend in the crypto world.
โน๏ธ What Are the Benefits of Restaking?
๐ข Flexibility
User can use staked assets without unstaking, access liquidity, and maximize rewards.
๐ข Mitigates Shortcomings of Traditional Staking
Get liquidity without losing rewards.
๐ข Scalable Security
Adjust security needs on demand, saving costs.
๐ข Security for New Protocols
Strengthen security with access to more validators.
โน๏ธ What Are the Risks Associated With Restaking?
โ Centralization
Could lead to a few validators controlling the stake.
โ Compounded slashing
Extra risks mean potential for higher penalties.
Restaking is transforming the staking landscape by allowing staked assets to serve multiple purposes and earn greater rewards.
As the industry evolves, we will witness more innovative uses for on-chain assets, enriching the crypto ecosystem.
๐ฐ Read Detailed Article Here
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
Welcome back to our series on restaking! In this part, we delve into the benefits and risks of this emerging trend in the crypto world.
User can use staked assets without unstaking, access liquidity, and maximize rewards.
Get liquidity without losing rewards.
Adjust security needs on demand, saving costs.
Strengthen security with access to more validators.
โ Centralization
Could lead to a few validators controlling the stake.
โ Compounded slashing
Extra risks mean potential for higher penalties.
Restaking is transforming the staking landscape by allowing staked assets to serve multiple purposes and earn greater rewards.
As the industry evolves, we will witness more innovative uses for on-chain assets, enriching the crypto ecosystem.
๐ฐ Read Detailed Article Here
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
Please open Telegram to view this post
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๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
โ๏ธ Example: Jeremy | BSCS | Germany or Jeremry_BSCS_Germany
๐ Keep chanting and reach for the top! Let's make these last 7 days count!
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โ๏ธ Crypto Slang Terms #23: Your Guide to the Cryptoverse ๐
๐ก Ready to join BSCS & explore five blockchain words? Let's improve your crypto knowledge!
โน๏ธ Token Swap: The direct exchange of a one crypto asset to another or the migration of a crypto asset from one specific blockchain protocol to another
๐๐ป Example: Swap USDT for BSCS or Brigde USDT from Avalanche to Ethereum network.
โน๏ธ Tokenization: Converting the value of a tangible or intangible asset into a token
๐๐ป Example: RWAs are real-life assests be tokenized such as real estate, commodities, etc.
โน๏ธ Tokenization Standard: Specific technical architecture of a blockchainโs protocol, which in turn determines the nature of the tokens that are compatible with the network.
โน๏ธ Tokenization Value Chain: A model that is based on the traditional value chain, or securities value chain, that facilitates the creation, distribution, trading, settlement, clearing, custody, and storage of tokenized assets through blockchain.
โน๏ธ Tokenized Representation: Takes place when a digital asset is locked up with a custodian, who then mints a one-to-one representation of that token on another chain.
๐ช Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
๐ก Ready to join BSCS & explore five blockchain words? Let's improve your crypto knowledge!
๐๐ป Example: Swap USDT for BSCS or Brigde USDT from Avalanche to Ethereum network.
๐๐ป Example: RWAs are real-life assests be tokenized such as real estate, commodities, etc.
๐ช Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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How do you perceive the upcoming blockchain market situation?
Anonymous Poll
71%
A- The market will witness a rebound.
18%
B- The market will continue to fall.
6%
C- Unsure / No opinion.
5%
D- Other scenarios.
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๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
โ๏ธ Example: Jeremy | BSCS | Germany or Jeremry_BSCS_Germany
๐ Act now or lose your chance of winning! The opportunity is still available!
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๐Weekly Market Highlights #105: July 1 - July 7
โจAfter a decade-long wait, Mt. Gox users finally started getting their assets back. The announcement of Mt. Gox payouts and consistent selling pressure from the German government throughout the week have sparked significant concern in the crypto investment community. As a result, BTC has seen continuous selling pressure, driving its price down to $53.5Kโa level not observed since February 2024.
โจOver the past week, the crypto market total capitalization decreased by ~$288B (from ~$2,336B to ~$2,048B).
โจBTC Price Drops Sharply
โ In just 1 week, BTC's price has lost ~16%. Starting the week at $62.8K, the bulls pushed BTC to $63.8K. The attempt to push the price up failed as the market was flooded with bad news about Mt. Gox, and the German government started selling BTC, pushing BTC price down to $53.5K.
โ In that context, the total value of liquidated derivative orders in the last 4 hours reached $283M, and in 12 hours, it was $457M, with the long side accounting for 89.9%. The whole market fell into a state of fear.
โจAltcoins Bleeding
โ As BTC suffered, altcoins also had a red week. Most of the top altcoins suffered double-digit price drops.
โ On a weekly scale, PEPE has the most significant price decrease of ~30%, currently trading at ~$0.000008454. Other names such as ETH, BNB, XRP, DOGE, LINK, and BCH are down from 10% to 20%.
โ However, meme-coins seem to have gained investor confidence over the past week, and the meme-coin market remains very active.
โ Total 2 Index (Marketcap excluding BTC) is now at $902M
โจBitcoin Fear and Greed Index is 28 - Fear, higher than at the beginning of the week (53)
โจDominance:
โ BTC: 53.9%
โ ETH: 17.1%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โจAfter a decade-long wait, Mt. Gox users finally started getting their assets back. The announcement of Mt. Gox payouts and consistent selling pressure from the German government throughout the week have sparked significant concern in the crypto investment community. As a result, BTC has seen continuous selling pressure, driving its price down to $53.5Kโa level not observed since February 2024.
โจOver the past week, the crypto market total capitalization decreased by ~$288B (from ~$2,336B to ~$2,048B).
โจBTC Price Drops Sharply
โ In just 1 week, BTC's price has lost ~16%. Starting the week at $62.8K, the bulls pushed BTC to $63.8K. The attempt to push the price up failed as the market was flooded with bad news about Mt. Gox, and the German government started selling BTC, pushing BTC price down to $53.5K.
โ In that context, the total value of liquidated derivative orders in the last 4 hours reached $283M, and in 12 hours, it was $457M, with the long side accounting for 89.9%. The whole market fell into a state of fear.
โจAltcoins Bleeding
โ As BTC suffered, altcoins also had a red week. Most of the top altcoins suffered double-digit price drops.
โ On a weekly scale, PEPE has the most significant price decrease of ~30%, currently trading at ~$0.000008454. Other names such as ETH, BNB, XRP, DOGE, LINK, and BCH are down from 10% to 20%.
โ However, meme-coins seem to have gained investor confidence over the past week, and the meme-coin market remains very active.
โ Total 2 Index (Marketcap excluding BTC) is now at $902M
โจBitcoin Fear and Greed Index is 28 - Fear, higher than at the beginning of the week (53)
โจDominance:
โ BTC: 53.9%
โ ETH: 17.1%
๐ฃSee you next week!
Website | Telegram | Substack | Twitter | Discussion
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
๐๐ป Let's see if you missed any news!
I. Event and Highlight News
II. Education
III. Under Development
๐ DEX View
- Optimize and enhance the overall user experience
IV. Communities
โข Telegram Channel: 93,478
โข Twitter: 424,879
โข Youtube: 18,500
โข Facebook: 12,283
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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BSCS is launching a new IDO rule called โVanguard,โ in addition to the Riskless & Shielded IDO Rules.
The NEW IDO Rule will give the community and project teams more flexibility when accessing our services.
๐ VANGUARD IDO RULE DETAILS
1๏ธโฃ Partial Refund Option
2๏ธโฃ Refund Without Conditions
3๏ธโฃ Non-Refundable Claimed Tokens
4๏ธโฃ Full Refund Option Remains Available
โ The 3-day Refund period is Exclusive Only to the "Refund the Rest" option
๐ Apply to Launch on BSCS
๐ Become a BSCS Holder
๐ฐ Read Detailed Information Here
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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๐ A huge thank you to everyone who participated and made this event a success. The competition was fierce and the community spirit was incredible.
๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
Website | Telegram | Substack | Twitter | Discussion
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