✅ Bitcoin broke out through 2023 April highs, reaching a price of $31.4k, bulls don't let the bears rest even for a second 🫡
Day summary:
🔸 The US Supreme Court ruled in favor of Coinbase, allowing the company to halt court proceedings and move customer litigation into arbitration (outside of court) 🥳
🔸 The US House has passed a resolution to impeach Joe Biden
🔸 Binance US has worked out with banking partners delayed USD withdrawal problems
🔸 Fight between Elon Musk and Mark Zuckerberg has been canceled ☹️
🔸 FTX has filed a lawsuit against some of the investment firms it had ties to before its collapse. FTX seeks over $700 million from the defendants
🔸 The Financial Services and Markets Authority of Belgium ordered Binance to cease all crypto services 🇧🇪
🔸 US SEC has approved Volatility Shares' leverage futures Bitcoin ETF
🔹 Prices:
🌐 Bitcoin - $30,924 (↑2.77%)
⚙️ Ethereum - $1,911 (↑1.27%)
📈 S&P 500 - 4,347 (↓0.79%)
💲 DXY - 102.91(↑0.51%)
🌕 Gold - 1,931 (↑0.39%)
Day summary:
🔸 The US Supreme Court ruled in favor of Coinbase, allowing the company to halt court proceedings and move customer litigation into arbitration (outside of court) 🥳
🔸 The US House has passed a resolution to impeach Joe Biden
🔸 Binance US has worked out with banking partners delayed USD withdrawal problems
🔸 Fight between Elon Musk and Mark Zuckerberg has been canceled ☹️
🔸 FTX has filed a lawsuit against some of the investment firms it had ties to before its collapse. FTX seeks over $700 million from the defendants
🔸 The Financial Services and Markets Authority of Belgium ordered Binance to cease all crypto services 🇧🇪
🔸 US SEC has approved Volatility Shares' leverage futures Bitcoin ETF
🔹 Prices:
🌐 Bitcoin - $30,924 (↑2.77%)
⚙️ Ethereum - $1,911 (↑1.27%)
📈 S&P 500 - 4,347 (↓0.79%)
💲 DXY - 102.91(↑0.51%)
🌕 Gold - 1,931 (↑0.39%)
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Visualization of the market over the last week 😆
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⚖️ Biggest market maker is accused of wash trading
Wintermute Trading, one of the biggest crypto market makers, was accused in a proposed class-action lawsuit of helping the former CEO of Celsius Network who duped his investors.
💁♀️ A "market maker" is someone who participates in the market at all times, buying from sellers and selling to buyers. Market makers provide liquidity, which ensures investors can trade quickly and at a fair price in all conditions.
According to the lawsuit, Wintermute engaged in inflating the $CEL token price by wash trading — which creates the illusion that an asset is trading far more often than it is.
Artificially inflated CEL prices and fake trading volume were created by Wintermute to deceive investors, lawyers said in the suit 🤔
Wintermute Trading, one of the biggest crypto market makers, was accused in a proposed class-action lawsuit of helping the former CEO of Celsius Network who duped his investors.
💁♀️ A "market maker" is someone who participates in the market at all times, buying from sellers and selling to buyers. Market makers provide liquidity, which ensures investors can trade quickly and at a fair price in all conditions.
According to the lawsuit, Wintermute engaged in inflating the $CEL token price by wash trading — which creates the illusion that an asset is trading far more often than it is.
Artificially inflated CEL prices and fake trading volume were created by Wintermute to deceive investors, lawyers said in the suit 🤔
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🤡 Corruption and JPMorgan Chase
JPMorgan mistakenly deleted 47 million emails and was charged $4 million in fines for doing so. Here is a short explanation to show how absurd this is:
🤵♂️ Imagine that you are one of the executives of the most powerful and influential financial services company in the world — JPMorgan Chase & Co.
🤐 You have many skeletons in the closet, and some of the dark stories are related to connections with Jeffrey Epstein, the famous pedophile sex trafficking criminal.
👮 You have received many subpoenas and requests for classified information from courts. And in order to hide the dangerous information, youdecide to mistakenly delete 47 MILLION emails, many of which the regulator was trying to access with multiple probes.
🤦♀️ Funny part: for doing so, you are being charged with only a $4 million fine, while your CEO makes $35 million a YEAR, and the investment banking unit of JPMorgan Chase & Co. has over $33 TRILLION in assets under custody.
Puts some things into perspective, right?
JPMorgan mistakenly deleted 47 million emails and was charged $4 million in fines for doing so. Here is a short explanation to show how absurd this is:
🤵♂️ Imagine that you are one of the executives of the most powerful and influential financial services company in the world — JPMorgan Chase & Co.
🤐 You have many skeletons in the closet, and some of the dark stories are related to connections with Jeffrey Epstein, the famous pedophile sex trafficking criminal.
👮 You have received many subpoenas and requests for classified information from courts. And in order to hide the dangerous information, you
🤦♀️ Funny part: for doing so, you are being charged with only a $4 million fine, while your CEO makes $35 million a YEAR, and the investment banking unit of JPMorgan Chase & Co. has over $33 TRILLION in assets under custody.
Puts some things into perspective, right?
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🧠 One simple rule for becoming profitable
In this post, you will learn just one very simple rule that you need to follow in order to increase your chances of not losing money and maybe even making some.
Notice that the rhetoric used here is the opposite of what you usually hear: "You will be a winner in this market", "We are going to make it", etc. All these optimistic messages are lies and manipulations.
😕 It's a fact that in the end majority will lose, and in order to increase your chances of surviving, you need to follow one rule: stop trading if you're out of shape or not ready yet.
It sounds ridiculously simple, and by itself, this rule is useless for most people because no one really knows what "out of shape" means for them, and nobody can tell if they're "ready".
That's why you need to remember this list of popular signs. Let's call them "red flags":
🚩 You don't have a strategy.
🚩 You don't have discipline while trading.
🚩 You do not have basic technical analysis knowledge for market interpretation.
🚩 You are too emotional and can't control your psychological state.
🚩 You don't know how to accept losses.
🚩 You are very impatient.
🚩 You can't make your own decisions and are seeking someone else's approval for your trades.
🚩 You feel the need to monitor your positions or prices nonstop, you are always stressed and worried about losing money.
Ask yourself if any of these red flags are about you. If yes — you should not trade until you get rid of them if you want to be a profitable trader. It's always possible to improve yourself, and it's never too late to learn.
🤥 While trading, you should never lie to yourself. Lying to yourself about being a good trader is fatal because you have no one else besides yourself who can manage risk and make decisions. In trading, it's everyone else against you; remember that.
📌 Save this post for later and check on it whenever you lose money trading
#trading_tips
In this post, you will learn just one very simple rule that you need to follow in order to increase your chances of not losing money and maybe even making some.
Notice that the rhetoric used here is the opposite of what you usually hear: "You will be a winner in this market", "We are going to make it", etc. All these optimistic messages are lies and manipulations.
😕 It's a fact that in the end majority will lose, and in order to increase your chances of surviving, you need to follow one rule: stop trading if you're out of shape or not ready yet.
It sounds ridiculously simple, and by itself, this rule is useless for most people because no one really knows what "out of shape" means for them, and nobody can tell if they're "ready".
That's why you need to remember this list of popular signs. Let's call them "red flags":
🚩 You don't have a strategy.
🚩 You don't have discipline while trading.
🚩 You do not have basic technical analysis knowledge for market interpretation.
🚩 You are too emotional and can't control your psychological state.
🚩 You don't know how to accept losses.
🚩 You are very impatient.
🚩 You can't make your own decisions and are seeking someone else's approval for your trades.
🚩 You feel the need to monitor your positions or prices nonstop, you are always stressed and worried about losing money.
Ask yourself if any of these red flags are about you. If yes — you should not trade until you get rid of them if you want to be a profitable trader. It's always possible to improve yourself, and it's never too late to learn.
🤥 While trading, you should never lie to yourself. Lying to yourself about being a good trader is fatal because you have no one else besides yourself who can manage risk and make decisions. In trading, it's everyone else against you; remember that.
📌 Save this post for later and check on it whenever you lose money trading
#trading_tips
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Bitcoin is close to breaking above the 2-year moving average at $32.8k 😯
What you see on the chart is a 2-year moving average multiplier on a BTC logarithmic chart.
As you can see, historically, when BTC was trading under this moving average line, there was a good accumulation opportunity ahead of the following Bitcoin halving cycle 🤑
What you see on the chart is a 2-year moving average multiplier on a BTC logarithmic chart.
As you can see, historically, when BTC was trading under this moving average line, there was a good accumulation opportunity ahead of the following Bitcoin halving cycle 🤑
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✅ This week, a few more traditional finance companies applied for Bitcoin ETFs, and one even got its ETF approved by the SEC. BTC showed insane growth and pumped from 26.3k to 31.4k, leaving bears in tears and many people sidelined 🐂
Weekly crypto digest:
🔸 Crypto payments platform Wyre will shut down due to the financial challenges of the bear market
🔸 Bankrupt lender Celsius will convert all frozen funds into BTC and ETH
🔸 Do Kwon sentenced to 4 months in jail in Montenegro
🔸 TUSD minting and redemption for retail are halted 😑
🔸 EDX Markets exchange was launched while being backed by Citadel Securities, Fidelity Investments, and Charles Schwab
🔸 US SEC has approved Volatility Shares' leveraged futures Bitcoin ETF 😮
🔸 Bitwise, WisdomTree, and Invesco have applied for a Bitcoin ETF
🔸 And another one: Valkyrie Digital Assets applied for a spot Bitcoin ETF
🔸 Chair of the Fed Jerome Powell called stablecoins "a form of money" and said that crypto has "staying power as an asset class"
🔸 Binance launched a regulated digital asset platform in Kazakhstan
🔸 Binance got kicked out of Belgium by the state financial regulator 👉🚪
🔸 Binance US resolved delayed USD withdrawal requests, but users still asked to sell or withdraw USD from the exchange
🔸 Binance Markets Limited in the UK withdrew its request for registration with the Financial Conduct Authority. Now, Binance has no operational approvals for the company in the 🇬🇧
🔸 Wintermute, one of the biggest crypto market makers, was accused of wash trading in the lawsuit against crypto lender Celsius
🔸 The US Supreme Court ruled in favor of Coinbase, allowing the company to halt court proceedings and move customer litigation into arbitration. This is not about the SEC lawsuit 👏
🔹 Prices:
🌐 Bitcoin - $30,429 (↓0.79%)
⚙️ Ethereum - $1,890 (↑0.15%)
📈 S&P 500 - 4,348 (↓0.77%)
💲 DXY - 102.87 (↑0.47%)
🌕 Gold - 1,930 (↑0.34%)
Weekly crypto digest:
🔸 Crypto payments platform Wyre will shut down due to the financial challenges of the bear market
🔸 Bankrupt lender Celsius will convert all frozen funds into BTC and ETH
🔸 Do Kwon sentenced to 4 months in jail in Montenegro
🔸 TUSD minting and redemption for retail are halted 😑
🔸 EDX Markets exchange was launched while being backed by Citadel Securities, Fidelity Investments, and Charles Schwab
🔸 US SEC has approved Volatility Shares' leveraged futures Bitcoin ETF 😮
🔸 Bitwise, WisdomTree, and Invesco have applied for a Bitcoin ETF
🔸 And another one: Valkyrie Digital Assets applied for a spot Bitcoin ETF
🔸 Chair of the Fed Jerome Powell called stablecoins "a form of money" and said that crypto has "staying power as an asset class"
🔸 Binance launched a regulated digital asset platform in Kazakhstan
🔸 Binance got kicked out of Belgium by the state financial regulator 👉🚪
🔸 Binance US resolved delayed USD withdrawal requests, but users still asked to sell or withdraw USD from the exchange
🔸 Binance Markets Limited in the UK withdrew its request for registration with the Financial Conduct Authority. Now, Binance has no operational approvals for the company in the 🇬🇧
🔸 Wintermute, one of the biggest crypto market makers, was accused of wash trading in the lawsuit against crypto lender Celsius
🔸 The US Supreme Court ruled in favor of Coinbase, allowing the company to halt court proceedings and move customer litigation into arbitration. This is not about the SEC lawsuit 👏
🔹 Prices:
🌐 Bitcoin - $30,429 (↓0.79%)
⚙️ Ethereum - $1,890 (↑0.15%)
📈 S&P 500 - 4,348 (↓0.77%)
💲 DXY - 102.87 (↑0.47%)
🌕 Gold - 1,930 (↑0.34%)
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Bitcoin did not fall below 30k and is now trading around 30.4k, after last week's rapid growth, many altcoins are now having a correction 🫠
A list of companies that are interested in buying bankrupt crypto exchange FTX was published. Among them are BlackRock, Ripple, Galaxy, Nasdaq... 😯
Rumors: Ripple is planning to buyback 10 billion XRP tokens, which would be $4.8 billion, and nobody can explain why it would do that 🫤
Binance is viewing the United Arab Emirates as the world’s next major crypto hub and plans to make it a priority for business expansion. All thanks to favorable and transparent regulation 🇦🇪
🔹 Last 24 hours top 3 gainers:
ApeCoin - $2.43 (↑5.98%)
NEAR Protocol - $1.55 (↑7.09%)
Stacks - $0.763 (↑2.21%)
#GM
A list of companies that are interested in buying bankrupt crypto exchange FTX was published. Among them are BlackRock, Ripple, Galaxy, Nasdaq... 😯
Rumors: Ripple is planning to buyback 10 billion XRP tokens, which would be $4.8 billion, and nobody can explain why it would do that 🫤
Binance is viewing the United Arab Emirates as the world’s next major crypto hub and plans to make it a priority for business expansion. All thanks to favorable and transparent regulation 🇦🇪
🔹 Last 24 hours top 3 gainers:
ApeCoin - $2.43 (↑5.98%)
NEAR Protocol - $1.55 (↑7.09%)
Stacks - $0.763 (↑2.21%)
#GM
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UK government found a scapegoat for inflation 🐐
Guess who is to blame for high inflation? Covid? Ineffective economic policies? No, the problem is public workers' salaries 🥴
The UK government is considering blocking pay rises for public workers due to high inflation, as it fears it could further drive up prices.
Rishi Sunak's blocking of wage increases recommended by independent pay review bodies will potentially cause even more union unrest.
Inflation problem is real, last week Bank of England even raised the interest rate by 0.5% to a 15-year high 😳
Guess who is to blame for high inflation? Covid? Ineffective economic policies? No, the problem is public workers' salaries 🥴
The UK government is considering blocking pay rises for public workers due to high inflation, as it fears it could further drive up prices.
Rishi Sunak's blocking of wage increases recommended by independent pay review bodies will potentially cause even more union unrest.
Inflation problem is real, last week Bank of England even raised the interest rate by 0.5% to a 15-year high 😳
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BTC and ETH ETFs for Chinese 🇭🇰
The largest bank in Hong Kong, HSBC, will allow its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange.
In terms of crypto regulations, Hong Kong seems to take the opposite approach from the US.
Hong Kong takes advantage of the uncertainty and insularity of other countries' financial regulators, and by doing so, it grows its market share 📈
The largest bank in Hong Kong, HSBC, will allow its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange.
In terms of crypto regulations, Hong Kong seems to take the opposite approach from the US.
Hong Kong takes advantage of the uncertainty and insularity of other countries' financial regulators, and by doing so, it grows its market share 📈
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Binance withdraws from Austria 🫡
Crypto exchange Binance has withdrawn its license application with the Financial Market Authority of Austria.
The Austrian regulator reportedly exerted pressure behind the scenes.
One by one, Binance cuts down its EU entities and moves to Asia and the Middle East...
Crypto exchange Binance has withdrawn its license application with the Financial Market Authority of Austria.
The Austrian regulator reportedly exerted pressure behind the scenes.
One by one, Binance cuts down its EU entities and moves to Asia and the Middle East...
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🔙 Binance reverted the delistings decision
Binance decided not to delist privacy coins in Europe, as it was planning to do last month 👌
💬 “After carefully considering feedback from our community and several projects, we have revised how we classify privacy coins on our platform to comply with EU-wide regulatory requirements.“
It's weird, especially knowing that these days Binance gets kicked out of at least one European country each week, maybe at this point they simply don't care? 🤨
Binance decided not to delist privacy coins in Europe, as it was planning to do last month 👌
💬 “After carefully considering feedback from our community and several projects, we have revised how we classify privacy coins on our platform to comply with EU-wide regulatory requirements.“
It's weird, especially knowing that these days Binance gets kicked out of at least one European country each week, maybe at this point they simply don't care? 🤨
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✅ Like the stock market, the crypto market is experiencing a slight price correction, but bitcoin is still holding the 30k level 💪
Day summary:
🔸 list of companies that are interested in buying bankrupt crypto exchange FTX was published. BlackRock, Ripple, Galaxy, and Nasdaq are among those who are interested
🔸 Binance is viewing the UAE as the world’s next major crypto hub and plans to make it a priority for business expansion 🇦🇪
🔸 The largest bank in Hong Kong, HSBC, will allow its customers to buy Bitcoin and Ethereum ETFs
🔸 Binance has withdrawn its license application with the Financial Market Authority of Austria 👋
🔸 Binance decided not to delist privacy coins in European countries, reversing the decision made earlier this month
🔸 Swiss authorities have frozen $26 million of Do Kwon funds stored in Swiss-based digital asset bank Sygnum 🧊
🔸 FTX Bankruptcy Team says it managed to recover $7 billion in liquid assets (how "liquid" are those assets is still a question). Token FTT pumps by 35% at peak
🔹 Prices:
🌐 Bitcoin - $30,273 (↓0.77%)
⚙️ Ethereum - $1,857 (↓2.29%)
📈 S&P 500 - 4,328 (↓0.45%)
💲 DXY - 102.75 (↓0.15%)
🌕 Gold - 1,932,70 (↑0.16%)
Day summary:
🔸 list of companies that are interested in buying bankrupt crypto exchange FTX was published. BlackRock, Ripple, Galaxy, and Nasdaq are among those who are interested
🔸 Binance is viewing the UAE as the world’s next major crypto hub and plans to make it a priority for business expansion 🇦🇪
🔸 The largest bank in Hong Kong, HSBC, will allow its customers to buy Bitcoin and Ethereum ETFs
🔸 Binance has withdrawn its license application with the Financial Market Authority of Austria 👋
🔸 Binance decided not to delist privacy coins in European countries, reversing the decision made earlier this month
🔸 Swiss authorities have frozen $26 million of Do Kwon funds stored in Swiss-based digital asset bank Sygnum 🧊
🔸 FTX Bankruptcy Team says it managed to recover $7 billion in liquid assets (how "liquid" are those assets is still a question). Token FTT pumps by 35% at peak
🔹 Prices:
🌐 Bitcoin - $30,273 (↓0.77%)
⚙️ Ethereum - $1,857 (↓2.29%)
📈 S&P 500 - 4,328 (↓0.45%)
💲 DXY - 102.75 (↓0.15%)
🌕 Gold - 1,932,70 (↑0.16%)
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Bitcoin doesn't even feel their attempts 😎
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Apart from some very "strange" coins like BCH and FTT, nothing else shows much growth, and it is alarming. Maybe the trend is exhausted? Hopefully not 🥲
Crypto exchange OKX suspends services for users living in Japan, a message in the app says “OKX Exchange products cannot be used in Japan due to local laws and regulations.”
The United States House of Representatives recently adopted new rules banning all members from using all chatbots except ChatGPT Plus 😑
Indonesia’s regulatory agency made public a comprehensive catalog of 501 crypto assets that are now classified as commodities within the country 😯
🔹 Last 24 hours top 3 gainers:
FLEX Coin - $4.03 (↑14.48%)
Bitcoin Cash - $221.82 (↑14.25%)
Radix - $0.084 (↑9.17%)
#GM
Crypto exchange OKX suspends services for users living in Japan, a message in the app says “OKX Exchange products cannot be used in Japan due to local laws and regulations.”
The United States House of Representatives recently adopted new rules banning all members from using all chatbots except ChatGPT Plus 😑
Indonesia’s regulatory agency made public a comprehensive catalog of 501 crypto assets that are now classified as commodities within the country 😯
🔹 Last 24 hours top 3 gainers:
FLEX Coin - $4.03 (↑14.48%)
Bitcoin Cash - $221.82 (↑14.25%)
Radix - $0.084 (↑9.17%)
#GM
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Fidelity is preparing to submit a spot bitcoin ETF filing 😮
The rumor turned out to be true. Following BlackRock and others, asset management giant Fidelity ($4.24 trillion in AUM) is close to submitting its own filing for a spot bitcoin exchange-traded fund 💰
The rumor turned out to be true. Following BlackRock and others, asset management giant Fidelity ($4.24 trillion in AUM) is close to submitting its own filing for a spot bitcoin exchange-traded fund 💰
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When will the BlackRock ETF be approved 🕐
👆 The picture above is a graphical representation with deadline dates for the response from the SEC regarding the approval of the first spot fund ETF for BTC.
Deadlines for the SEC to approve, decline, or delay the decision:
◾️ First — August 12, 2023
◾️ Second — September 26, 2023
◾️ Third — December 25, 2023
◼️ SEC Final Judgment: February 24, 2024
🤔 What is an ETF?
• An ETF is an Exchange-Traded Fund. It is a type of investment fund that is traded on stock exchanges, just like individual stocks.
• It is designed to track the performance of a specific group of assets, such as stocks, bonds, or commodities. Some are passively managed, while others are actively managed.
• In our case, a spot Bitcoin ETF would be an investment fund that tracks the price of Bitcoin, allowing investors to gain exposure to Bitcoin's price movements without directly owning the cryptocurrency.
👆 The picture above is a graphical representation with deadline dates for the response from the SEC regarding the approval of the first spot fund ETF for BTC.
Deadlines for the SEC to approve, decline, or delay the decision:
◾️ First — August 12, 2023
◾️ Second — September 26, 2023
◾️ Third — December 25, 2023
◼️ SEC Final Judgment: February 24, 2024
🤔 What is an ETF?
• An ETF is an Exchange-Traded Fund. It is a type of investment fund that is traded on stock exchanges, just like individual stocks.
• It is designed to track the performance of a specific group of assets, such as stocks, bonds, or commodities. Some are passively managed, while others are actively managed.
• In our case, a spot Bitcoin ETF would be an investment fund that tracks the price of Bitcoin, allowing investors to gain exposure to Bitcoin's price movements without directly owning the cryptocurrency.
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🦊 MetaMask Guide and Airdrop
MetaMask is a crypto wallet that is available as a browser extension and mobile application. It allows you to store your crypto and interact with decentralized applications.
📄 Guide to Metamask:
First, we need to install the wallet. If you are using a desktop, go to the download page and install the MetaMask browser extension. If you are using a phone, download the MetaMask app for Android or IOS.
Now that you have the extension or app, you need to create your wallet. Go to MetaMask and click on "Create a new wallet. Set up a strong password. Click on "Secure my wallet" and follow the procedure of a Secret Recovery Phrase creation.
⚠️ Secret Recovery Phrase (seed phrase) needs to be kept secret from anyone. If you lose those 12 secret words — you will lose access to your wallet and all the funds in it.
If someone else gets access to your seed phrase — they can get access to your funds and steal them. It's better to create a few copies of the seed phrase and keep them in a safe place (definitely not online) ⚠️
After you finish setting everything up, you now own an uncensorable and unblockable wallet with which you can do anything you want. You can interact with decentralized finance applications and store crypto. You have access to such blockchains as Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, and many others.
🪂 MetaMask Airdrop:
Metamask is the most popular wallet in crypto; it has millions of users but still doesn't have a token, even though there have been multiple hints that a token will be launched eventually. For this product, even if a small % of the total supply is distributed by #airdrop, it will be massive.
In order to increase our chances of getting a potential airdrop, we will interact with existing MetaMask tools:
👉 Go to the MetaMask portfolio.
Here we have three ways to interact with wallet tools: swaps, bridges, and ETH staking.
❗️It is worth knowing that token swaps and bridges between blockchains inside MetaMask are pretty disadvantageous compared to other alternatives, they charge a 0.875% fee per swap and bridge.
So the next time you need to swap tokens or bridge them, think about if you want to pay an additional fee and use MetaMask to increase your chances of receiving a potential airdrop.
📌 Don't forget to save this list of activities for later
#earn
MetaMask is a crypto wallet that is available as a browser extension and mobile application. It allows you to store your crypto and interact with decentralized applications.
📄 Guide to Metamask:
First, we need to install the wallet. If you are using a desktop, go to the download page and install the MetaMask browser extension. If you are using a phone, download the MetaMask app for Android or IOS.
Now that you have the extension or app, you need to create your wallet. Go to MetaMask and click on "Create a new wallet. Set up a strong password. Click on "Secure my wallet" and follow the procedure of a Secret Recovery Phrase creation.
⚠️ Secret Recovery Phrase (seed phrase) needs to be kept secret from anyone. If you lose those 12 secret words — you will lose access to your wallet and all the funds in it.
If someone else gets access to your seed phrase — they can get access to your funds and steal them. It's better to create a few copies of the seed phrase and keep them in a safe place (definitely not online) ⚠️
After you finish setting everything up, you now own an uncensorable and unblockable wallet with which you can do anything you want. You can interact with decentralized finance applications and store crypto. You have access to such blockchains as Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, and many others.
🪂 MetaMask Airdrop:
Metamask is the most popular wallet in crypto; it has millions of users but still doesn't have a token, even though there have been multiple hints that a token will be launched eventually. For this product, even if a small % of the total supply is distributed by #airdrop, it will be massive.
In order to increase our chances of getting a potential airdrop, we will interact with existing MetaMask tools:
👉 Go to the MetaMask portfolio.
Here we have three ways to interact with wallet tools: swaps, bridges, and ETH staking.
❗️It is worth knowing that token swaps and bridges between blockchains inside MetaMask are pretty disadvantageous compared to other alternatives, they charge a 0.875% fee per swap and bridge.
So the next time you need to swap tokens or bridge them, think about if you want to pay an additional fee and use MetaMask to increase your chances of receiving a potential airdrop.
📌 Don't forget to save this list of activities for later
#earn
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✅ Even with the help of today's positive news, BTC could not get above the 31k mark and continues to trade in the 30-31k range 🤞
Day summary:
🔸 Asset management giant Fidelity is preparing to submit a spot Bitcoin ETF filing
🔸 The United States House of Representatives banned all members from using AU chatbots, except for ChatGPT Plus 🤖
🔸 Indonesia labels 501 cryptocurrencies as commodities
🔸 Turns out ARK Investment Management, 21Shares, and the Chicago Board Options Exchange filed the spot Bitcoin ETF application back in April 🤔
🔸 Crypto exchange OKX suspends its services in Japan
🔸 BlackRock Bitcoin ETF could be approved as soon as August 12, the maximum delay is until Feb 24, 2024
🔸 Bitcoin miners in Texas curbed operations, crimping power usage, as extreme heat drove electricity prices sky-high ♨️
🔹 Prices:
🌐 Bitcoin - $30,673 (↑1.80%)
⚙️ Ethereum - $1,895 (↑2.72%)
📈 S&P 500 - 4,383 (↑1.27%)
💲 DXY - 102.48 (↓0.21%)
🌕 Gold - 1,924 (↓0.48%)
Day summary:
🔸 Asset management giant Fidelity is preparing to submit a spot Bitcoin ETF filing
🔸 The United States House of Representatives banned all members from using AU chatbots, except for ChatGPT Plus 🤖
🔸 Indonesia labels 501 cryptocurrencies as commodities
🔸 Turns out ARK Investment Management, 21Shares, and the Chicago Board Options Exchange filed the spot Bitcoin ETF application back in April 🤔
🔸 Crypto exchange OKX suspends its services in Japan
🔸 BlackRock Bitcoin ETF could be approved as soon as August 12, the maximum delay is until Feb 24, 2024
🔸 Bitcoin miners in Texas curbed operations, crimping power usage, as extreme heat drove electricity prices sky-high ♨️
🔹 Prices:
🌐 Bitcoin - $30,673 (↑1.80%)
⚙️ Ethereum - $1,895 (↑2.72%)
📈 S&P 500 - 4,383 (↑1.27%)
💲 DXY - 102.48 (↓0.21%)
🌕 Gold - 1,924 (↓0.48%)
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