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Welcome to Crypto Fam, a place where we share the hottest trends in the world of cryptocurrency among close friends!
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Hamster Kombat🐹 has been spotted in Tesla Manufacturing's official account.

What does that mean...

CryptoFam
#HamsterKombat #cryptofam
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Chinese companies showcased their AI innovations at a conference in Shanghai despite US sanctions. More than 150 products and solutions were presented, including SenseTime, which launched the new large language model SenseNova 5.5, competing with GPT-4. 💡

CryptoFam
#AI #cryptofam
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Spot or Futures: What to Choose

Spot trading and futures trading each have their own characteristics, advantages, and risks.

Spot Market

đŸ”ĩ Simplicity: Buying and selling cryptocurrencies occur instantly at the current market price.
đŸ”ĩ Long-term investments: Suitable for those who want to hold assets for a long time.
đŸ”ĩ Low risk: Less risky compared to futures as there are no margin positions.

Futures

đŸ”ĩ Hedging: Allows hedging risks by locking in the purchase or sale price of an asset in the future.
đŸ”ĩ Speculation: The possibility of profit on both rising and falling prices.
đŸ”ĩ High risk: Using leverage can lead to significant losses.

Choosing between spot and futures depends on your goals, risk level, and experience. Beginners are recommended to start with spot trading, while experienced traders can use futures for hedging and speculation.

CryptoFam
#Spot #Futures #cryptofam
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Overview of Cryptocurrency Futures Trading Volumes ÂŠī¸

The image presents data on the 24-hour and weekly trading volumes for various cryptocurrency platforms and futures.

Binance Futures leads with $70.65 billion in 24-hour volume and $386.91 billion in weekly volume. OKX Futures is in second place with $31.14 billion in 24-hour volume and $172.96 billion in weekly volume.

Poloniex Futures ranks third with $29.75 billion in 24-hour volume and $178.52 billion in weekly volume. Bybit Futures and Binance show $25.56 billion and $17.20 billion in 24-hour volume, respectively.

MEXC Futures also showed a significant weekly trading volume of $23.36 billion.

CryptoFam
#Crypto #cryptofam
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According to Messari, the number of daily active addresses on TON exceeded the number of active addresses on ETH😎

CryptoFam
#Ton #cryptofam
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After the bitcoin price plummeted, investors have been actively buying the asset at a reduced price, resulting in daily inflows of $295 million into the bitcoin-ETF. This indicates a growing interest in bitcoin among institutional investors and traders using a "buy the dip" strategy. This activity may contribute to the bitcoin price recovery in the near future.

CryptoFam
#BTC #cryptofam
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AI startup Hebbia has raised $130 million in a Series B round led by Andreessen Horowitz. Investors also include Index Ventures, Google Ventures, and Peter Thiel. Founded in 2020, the company is valued at $700 million and helps businesses analyze complex data.

CryptoFam
#AI #cryptofam
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According to Forbes, Argentineans have started to store their savings in Tether (USDT) instead of the local peso currency. The reason for this is the high inflation and economic instability in the country, which makes USDT a more attractive and stable option for preserving the value of funds. This trend emphasizes the growing role of stablecoins in countries with unstable economies.

CryptoFam
#USDT #cryptofam
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According to a CoinGecko study, over the past five years, Nvidia's market capitalization has grown by 2,783%, surpassing both Bitcoin and Ethereum.

Ethereum also showed significant growth at 2,218%, while Bitcoin grew by 1,102%. The study highlights the impressive growth of these assets compared to the seven largest technology companies, including Microsoft, Apple, and Tesla.

CryptoFam
#Nvidia #cryptofam
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What is an Airdrop?

An airdrop is the free distribution of cryptocurrency tokens to users. Companies usually use airdrops to promote new projects or increase their audience.

You can receive tokens by completing simple tasks such as subscribing to the project's social networks or reposting publications.

Advantages of airdrops:

đŸ”ĩ Free tokens. Receive cryptocurrency without investment.
đŸ”ĩ Project support. Help new projects with promotion.
đŸ”ĩ Simplicity. Participation often requires minimal actions.

How to participate:

đŸ”ĩ Register on the project's platform.
đŸ”ĩ Complete tasks.
đŸ”ĩ Receive tokens in your wallet.

Airdrops are a great way to get to know new cryptocurrency projects and receive free tokens!

CryptoFam
#Airdrop #cryptofam
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Overview of Cryptocurrency Futures Trading Volumes ÂŠī¸

The image presents data on the 24-hour and weekly trading volumes for various cryptocurrency platforms and futures.

Binance Futures leads with $46.88 billion in 24-hour volume and $431.54 billion in weekly volume. Poloniex Futures is in second place with $29.75 billion in 24-hour volume and $208.28 billion in weekly volume.

OKX Futures ranks third with $20.51 billion in 24-hour volume and $192.43 billion in weekly volume. Bybit Futures and Binance show $17.31 billion and $12.08 billion in 24-hour volume, respectively.

MEXC Futures also showed a significant weekly trading volume of $27.20 billion.

CryptoFam
#Crypto #cryptofam
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The launch of an Ethereum-based ETF is nearing its final stages, according to Bitwise's chief commercial officer. The first Ethereum-focused ETF is expected to be approved and launched soon, which could have a significant impact on the cryptocurrency market. Analysts believe that the approval of such ETFs will attract significant investment in Ethereum, contributing to its growth and market value. This move could make Ethereum more accessible to institutional investors and increase its liquidity in the market.

CryptoFam
#ETF #cryptofam
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🆗83% of bitcoin holders remain in profit despite price falling below $60,000! Long-term investors continue to believe in the power of BTC.

CryptoFam
#BTC #cryptofam
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Dragonfly Investment Fund has invested in an online search engine for blockchain - the DORA project has raised 5.5 million dollars!

The Dora project develops a universal tool for analyzing transactions in various blockchain networks, providing users with all the necessary data on one platform. This could become a serious competition for services such as Arkham and Glassnode.

CryptoFam
#Onchain #cryptofam
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SenseTime has introduced SenseNova 5.5, China's first real-time multimodal AI model

At the WAIC conference in Shanghai, the company stated that the model surpasses GPT-4 in 5 out of 8 key metrics, improving mathematical abilities, English proficiency, and command execution, while reducing the cost of access to advanced AI technologies.

It seems SenseTime is not just catching up to Western competitors but actively paving its own path in the world of AI! 🌐

CryptoFam
#AI #cryptofam
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Cryptocurrency Wallets

Cryptocurrency wallets are digital tools for storing, sending, and receiving cryptocurrencies. They store private and public keys needed to interact with the blockchain.

Types of Wallets:

Hot Wallets:


đŸ”ĩ Connected to the internet, used for everyday transactions.
đŸ”ĩ Online wallets, mobile and desktop wallets.
đŸ”ĩ Convenient and fast access.
đŸ”ĩ Vulnerable to hacking attacks.

Cold Wallets:

đŸ”ĩ Not connected to the internet, providing a high level of security.
đŸ”ĩ Hardware wallets, paper wallets.
đŸ”ĩ High protection from hacks and theft.
đŸ”ĩ Less convenient for frequent transactions.

Why are cryptocurrency wallets needed?

đŸ”ĩ Wallets protect cryptocurrency from theft and loss.
đŸ”ĩ Allow sending and receiving cryptocurrency.
đŸ”ĩ Provide full control over your assets without third-party involvement.

Cryptocurrency wallets are essential tools for managing and protecting digital assets. The choice between hot and cold wallets depends on your security and convenience needs.

CryptoFam
#Crypto #cryptofam
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Overview of Cryptocurrency Futures Trading Volumes ÂŠī¸

The image presents data on the 24-hour and weekly trading volumes for various cryptocurrency platforms and futures.

Binance Futures leads with $39.04 billion in 24-hour volume and $420.13 billion in weekly volume. Poloniex Futures is in second place with $29.75 billion in 24-hour volume and $208.28 billion in weekly volume.

OKX Futures ranks third with $17.32 billion in 24-hour volume and $187.01 billion in weekly volume. Bybit Futures and Binance show $14.53 billion and $10.38 billion in 24-hour volume, respectively.

MEXC Futures also showed a significant weekly trading volume of $27.44 billion.

CryptoFam
#Crypto #cryptofam
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An American startup company has begun producing subcutaneous cryptocurrency wallets that work on the basis of NFC and RFID technologies.

In this project, a smartphone is used as an interface, and a special hardware device is implanted under the skin.

CryptoFam
#Crypto #cryptofam
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Trader and cryptocurrency researcher Teng Yan predicts that the price of Ethereum could exceed $5,000 in 2024 but warns that the path will be uneven. He expects the launch of a spot ETF on Ethereum to act as a growth catalyst, attracting traditional investors.

CryptoFam
#ETF #cryptofam
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Xiaomi has launched an innovative "dark factory", where robots with artificial intelligence work exclusively, without requiring the presence of humans.

The scale of production is impressive: each robot is capable of assembling one smartphone per second! The factory operates around the clock, with no weekend breaks. Even micron-level cleanliness is monitored by the robots themselves, ensuring flawless production conditions.

The robots seem to have taken over the last work duties previously performed by humans.

CryptoFam
#Xiaomi #cryptofam
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Goldman Sachs plans to launch three asset tokenization projects by the end of the year. The projects will focus on managing US debt obligations, tokenizing European debt instruments, and diversifying the bank's asset tokenization efforts. For these projects, the bank uses private blockchain networks.

It looks like Goldman Sachs is actively integrating blockchain technology, creating new opportunities for investors. đŸ’ŧ

CryptoFam
#GoldmanSachs #cryptofam
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