He bought 6.25 million #我踏马来了 (Here I come) for $85, then sold 1.53 million tokens for $31.5k, and is still holding the remaining 4.72 million ($115k).
@Сryptoz ₿
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#usdt
🇻🇪 USDT – the financial artery of the Venezuelan economy (WSJ)
• Venezuela's state oil company, PdVSA, has begun accepting payments for oil in stablecoins, primarily USDT, moving away from banks and dollar transactions.
• Up to 80% of the country's oil revenue has been processed through cryptocurrency schemes in recent years.
• Stablecoins allowed for faster money transfers, reduced the risk of blocking, and obscured the final recipients.
• For ordinary Venezuelans, USDT has become a lifeline: protection from the hyperinflation of the bolivar and a basic savings and payment instrument.
• Tether finds itself caught between two fires:
- On the one hand, USDT is exploited by sanctions.
- On the other, the company actively cooperates with the US and freezes suspicious wallets.
@Сryptoz ₿
🇻🇪 USDT – the financial artery of the Venezuelan economy (WSJ)
• Venezuela's state oil company, PdVSA, has begun accepting payments for oil in stablecoins, primarily USDT, moving away from banks and dollar transactions.
• Up to 80% of the country's oil revenue has been processed through cryptocurrency schemes in recent years.
• Stablecoins allowed for faster money transfers, reduced the risk of blocking, and obscured the final recipients.
• For ordinary Venezuelans, USDT has become a lifeline: protection from the hyperinflation of the bolivar and a basic savings and payment instrument.
• Tether finds itself caught between two fires:
- On the one hand, USDT is exploited by sanctions.
- On the other, the company actively cooperates with the US and freezes suspicious wallets.
@Сryptoz ₿
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▪️ Consumer Price Index (CPI) (YoY) (Dec)
Actual: 2.7%
FORECAST: 2.7%
PREV: 2.7%
▪️ Consumer Price Index (CPI) (MoM) (Dec)
Actual: 0.3%
FORECAST: 0.3%
PREV: 0.3%
▪️ Core Consumer Price Index (CPI) (MoM) (Dec)
Actual: 0.2%
FORECAST: 0.3%
PREV: 0.2%
▪️ Core Consumer Price Index (CPI) (YoY) (Dec)
Actual: 2.6%
FORECAST: 2.7%
PREV: 2.6%
@Сryptoz ₿
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Cryptoz
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Q&A @apollon_trade
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Not financial advic
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Money is in gold for now, crypto is moving sideways.
Once the hype around precious metals fades, liquidity will flow back into BTC and ETH.
@Cryptoz
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#BTC Hashprice Hits $0.03 per TH
Bitcoin’s hashprice — the revenue miners earn per terahash — has dropped to around $0.03/TH, putting heavy pressure on mining profitability.
As a result, the network adjusted mining difficulty down by 11%, marking the largest negative difficulty change since China’s mining ban in 2021.
@Cryptoz
Bitcoin’s hashprice — the revenue miners earn per terahash — has dropped to around $0.03/TH, putting heavy pressure on mining profitability.
As a result, the network adjusted mining difficulty down by 11%, marking the largest negative difficulty change since China’s mining ban in 2021.
@Cryptoz
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🏛 Banks refused to compromise on stablecoin yields.
A new meeting was held at the White House on the CLARITY bill about the crypto market structure with representatives from banks and the crypto industry.
The banking side brought a document with a firm stance:
➠ A complete ban on any rewards to stablecoin holders.
➠ A ban not only on financial interest but on any bonuses.
➠ Strict supervision and an enforcement mechanism.
The banks' argument — protecting deposits. Yields on stablecoins could trigger outflows from the traditional banking system and hurt lending to the real economy.
@Cryptoz
A new meeting was held at the White House on the CLARITY bill about the crypto market structure with representatives from banks and the crypto industry.
The banking side brought a document with a firm stance:
➠ A complete ban on any rewards to stablecoin holders.
➠ A ban not only on financial interest but on any bonuses.
➠ Strict supervision and an enforcement mechanism.
The banks' argument — protecting deposits. Yields on stablecoins could trigger outflows from the traditional banking system and hurt lending to the real economy.
@Cryptoz
🤔 Up to 10% of Bitcoin’s market cap could flow into privacy coins.
The founder of Digital Currency Group stated that in the coming years, 5-10% of capital from BTC will move into privacy-focused cryptocurrencies like Zcash (#ZEC).
Bitcoin remains the core asset in the portfolio, but a 500x increase is unlikely unless the dollar collapses.
However, the privacy coin sector has the potential for 100x-1000x growth.
@Cryptoz
The founder of Digital Currency Group stated that in the coming years, 5-10% of capital from BTC will move into privacy-focused cryptocurrencies like Zcash (#ZEC).
Bitcoin remains the core asset in the portfolio, but a 500x increase is unlikely unless the dollar collapses.
However, the privacy coin sector has the potential for 100x-1000x growth.
@Cryptoz
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American Hodl on how each cycle compounds in difficulty, tough emotional moments in the hodling journey, life-changing money & how plebs are struggling with the nihilism of everyday life.
@Cryptoz
@Cryptoz
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