This media is not supported in your browser
VIEW IN TELEGRAM
THROWBACK: 💰 Preston Pysh explains how a $500K+ #Bitcoin is possible because of the conviction of HODLers who know what they own
🤝 @Cryptocurrency_Inside ✅
Please open Telegram to view this post
VIEW IN TELEGRAM
❤8👍7🤔5👎4⚡1🔥1💯1
Forwarded from Bitcoin Insights
TON Crashes 94%! 😱
TON has dropped to $0.30
on CoinMarketCap 📉
It's not even showing in the top 10! But don’t worry, it’s just another network glitch. 💻😵💫
➡️ @Bitcoin_Insights
TON has dropped to $0.30
on CoinMarketCap 📉
It's not even showing in the top 10! But don’t worry, it’s just another network glitch. 💻😵💫
Please open Telegram to view this post
VIEW IN TELEGRAM
👍6🤨5🔥3👨💻3⚡1
Ethereum Layer-1 Revenue Collapse: What's Behind the Drop? 📉
👀 Since the Dencun upgrade on March 13, 2024, Ethereum's layer-1 network revenue has plummeted by 99%! Despite a surge in layer-2 (L2) user activity and transactions—both doubling since March—fees for layer-1 transactions have dramatically dropped from $35.5M to just $578,000. 🙀
The Dencun upgrade, aimed at reducing layer-2 fees, has led to an explosion of competing L2 solutions. With 74 L2 and 21 layer-3 projects now vying for users, the race to offer the lowest fees has intensified, driving more activity off the Ethereum base layer. 🧐
This fierce competition has driven transaction costs down, counteracting the deflationary effects of EIP-1559 and causing a steady increase in ETH supply. Therefore, Ethereum has ceased to be a deflationary asset, which can negatively affect its price. 🤷
Is the L2 boom causing Ethereum’s base layer to suffer? 🤔🔍
🤝 @Cryptocurrency_Inside ✅
👀 Since the Dencun upgrade on March 13, 2024, Ethereum's layer-1 network revenue has plummeted by 99%! Despite a surge in layer-2 (L2) user activity and transactions—both doubling since March—fees for layer-1 transactions have dramatically dropped from $35.5M to just $578,000. 🙀
The Dencun upgrade, aimed at reducing layer-2 fees, has led to an explosion of competing L2 solutions. With 74 L2 and 21 layer-3 projects now vying for users, the race to offer the lowest fees has intensified, driving more activity off the Ethereum base layer. 🧐
This fierce competition has driven transaction costs down, counteracting the deflationary effects of EIP-1559 and causing a steady increase in ETH supply. Therefore, Ethereum has ceased to be a deflationary asset, which can negatively affect its price. 🤷
Is the L2 boom causing Ethereum’s base layer to suffer? 🤔🔍
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
🔥5😁4👍3⚡2
✊August saw the lowest cryptocurrency losses to scams since January 2021 (around $4.8 million, after $10 million was returned to Ronin Network)
👀However, this result is overshadowed by two scary phishing cases in August, which cost users $293 million.
🤝 @Cryptocurrency_Inside ✅
👀However, this result is overshadowed by two scary phishing cases in August, which cost users $293 million.
Please open Telegram to view this post
VIEW IN TELEGRAM
👍3❤2⚡2😁2
TON Accelerator and TON Ventures have announced the launch of the TON Accelerator: Acc.
💰 This $2.5 million incubation program will support 5 startups working on the TON blockchain. Selected projects will get 3 months of growth support, funding, and expert assistance.
🔨 Oh, and CoinMarketCap is fixed now—TON is showing a current price of $5.16. 😉
🤝 @Cryptocurrency_Inside ✅
💰 This $2.5 million incubation program will support 5 startups working on the TON blockchain. Selected projects will get 3 months of growth support, funding, and expert assistance.
🔨 Oh, and CoinMarketCap is fixed now—TON is showing a current price of $5.16. 😉
Please open Telegram to view this post
VIEW IN TELEGRAM
🔥5👍3😁3⚡1
🔗 JUST IN: Ripple to integrate smart contracts into XRP Ledger, enhancing its capabilities with EVM compatibility and aiming to attract developers and expand use cases.
🤝 @Cryptocurrency_Inside ✅
Please open Telegram to view this post
VIEW IN TELEGRAM
👍13🤔4🤨3🔥2
Over half a TRILLION dollars have been erased in market cap today by the Magnificent 7.
The last time we saw stocks erase this much, the total crypto market cap saw a ~30% correction between Jul 22 - Aug 5.
Do you think history will repeat itself? 👀
🤝 @Cryptocurrency_Inside ✅
The last time we saw stocks erase this much, the total crypto market cap saw a ~30% correction between Jul 22 - Aug 5.
Do you think history will repeat itself? 👀
Please open Telegram to view this post
VIEW IN TELEGRAM
🔥13🤔4❤3⚡2😁1
NEW: 💰 $108 billion investment firm VanEck is predicting a $2.9 million #Bitcoin price by 2050
🤝 @Cryptocurrency_Inside ✅
Please open Telegram to view this post
VIEW IN TELEGRAM
❤9👎6⚡5👍4🎉3🔥2😁2
JUST IN: 🇺🇸 FBI warns that North Korean hackers are attempting to steal #Bitcoin and crypto funds from the ETFs 👀
🤝 @Cryptocurrency_Inside ✅
Please open Telegram to view this post
VIEW IN TELEGRAM
😁7❤5🔥4👍3🤯2🌚2
Today, Nvidia saw its market capitalization drop by $278 billion (-9.5%). 📉
This massive decline follows the US Department of Justice ramping up its investigation into Nvidia and issuing a subpoena to explore potential antitrust violations. 🧐
The fallout from Nvidia’s drop has extended to other major "big seven" companies, which collectively lost about $0.5 trillion in market capitalization. 💰🙀
👀 The crypto market hasn’t been immune either; Bitcoin dipped below $56,000 and is currently trading near that level. In the past 24 hours, $170 million in long positions have been liquidated.🤷
🤝 @Cryptocurrency_Inside ✅
This massive decline follows the US Department of Justice ramping up its investigation into Nvidia and issuing a subpoena to explore potential antitrust violations. 🧐
The fallout from Nvidia’s drop has extended to other major "big seven" companies, which collectively lost about $0.5 trillion in market capitalization. 💰🙀
👀 The crypto market hasn’t been immune either; Bitcoin dipped below $56,000 and is currently trading near that level. In the past 24 hours, $170 million in long positions have been liquidated.🤷
Please open Telegram to view this post
VIEW IN TELEGRAM
❤3👍3🐳2⚡1
🧬 JUST IN: Rune Christensen, co-founder of Sky (formerly Maker) suggests a decentralized court could oversee the freeze process for their new stablecoin, USDS.
🤝 @Cryptocurrency_Inside ✅
Please open Telegram to view this post
VIEW IN TELEGRAM
👍2🤔2🔥1
🥷 Unknown attackers have breached the DeFi protocol Penpie, stealing $27 million.
Pendle has confirmed the discovery of a vulnerability in Penpie. 🧐
🧑💻 The developers assure that investors' funds remain secure on the Pendle protocol, but all contracts have been temporarily halted as a precautionary measure.
🤝 @Cryptocurrency_Inside ✅
Pendle has confirmed the discovery of a vulnerability in Penpie. 🧐
🧑💻 The developers assure that investors' funds remain secure on the Pendle protocol, but all contracts have been temporarily halted as a precautionary measure.
Please open Telegram to view this post
VIEW IN TELEGRAM
🔥5👍3🌚1
Former MtGox CEO to Launch New Cryptocurrency Exchange 🚀
Mark Karpeles, the former Mt. Gox CEO, is launching a new crypto exchange called EllipX later this month in Poland. 🎉 With a strong focus on transparency and user-friendliness, EllipX aims to set a new standard in the industry. 🛡
Karpeles plans to apply a unique structure similar to the NYSE but for crypto, separating trading from brokerage and storage to enhance transparency. The platform will also feature a new, easy-to-use wallet with multi-party computation technology. 💼🔐
In addition to EllipX, Karpeles is launching Ungox, a non-profit that will rate crypto projects and exchanges. 📊✨ Former Mt. Gox users will receive special perks, including discounts and free NFTs. 🌟
Karpeles is determined to push for industry-wide transparency and better security. 😁
🤝 @Cryptocurrency_Inside ✅
Mark Karpeles, the former Mt. Gox CEO, is launching a new crypto exchange called EllipX later this month in Poland. 🎉 With a strong focus on transparency and user-friendliness, EllipX aims to set a new standard in the industry. 🛡
Karpeles plans to apply a unique structure similar to the NYSE but for crypto, separating trading from brokerage and storage to enhance transparency. The platform will also feature a new, easy-to-use wallet with multi-party computation technology. 💼🔐
In addition to EllipX, Karpeles is launching Ungox, a non-profit that will rate crypto projects and exchanges. 📊✨ Former Mt. Gox users will receive special perks, including discounts and free NFTs. 🌟
Karpeles is determined to push for industry-wide transparency and better security. 😁
Please open Telegram to view this post
VIEW IN TELEGRAM
👍7👎7🤯3❤2🤔1