Crypto exchanges: CEX vs DEX 🔐
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Friends, hello everyone. This is TREYSI. Today I decided to talk to you about one of the most important elements in the crypto market, namely exchanges. In this post I will talk about their types and how they differ.

↗️ CEX (Centralized Exchange) is an exchange that uses an intermediary to facilitate transactions between buyers and sellers. DEX (Decentralized Exchange) has no other intermediaries, which fundamentally changes the mechanism of its work.

📔Each has advantages and disadvantages. I will discuss them below.

⚫️1. Liquidity
Volumes on centralized exchanges are many times higher than their decentralized counterparts. This is explained by the fact that the primary action of newcomers to crypto is registration on the exchange. And because of the popularity of CEX's, most come to them, providing high liquidity.

This is also influenced by the following criterion, which attracts a large number of users.

⚫️2. Functionality
Futures trading, spot-trading, leverage, lunchpads, etc. - This is all about CEX. Their trading functionality is much wider. At this stage of development many DEX are more like token exchangers than full-fledged exchanges. As an exception, we can highlight 1inch, which has the ability to place orders.

⚫️3. Custody
When you trade on CEX you keep your funds in a wallet, tied to the exchange itself, rather than in your own. The important thing is that the exchange keeps the private keys to your wallets with itself, and you get the login credentials to the platform.

To trade on DEX you only have to link your wallet. There is no deposit required, increasing security for the user.

⚫️4. KYC - know your client
The most important difference is the presence of verification. Most DEX do not follow KYC standards. The principle of autonomous operation frees them from the cares of verification of the client. Centralized exchangers can not boast of this.

⚫️5. The mechanism of trade implementation
CEX uses the traditional order book model to find buyers and sellers. At the same time, the DEX exchanges use an entirely different system of execution, called AMM.

The AMM model is based on a liquidity pool that holds two tokens at a 50/50 ratio. When a user makes a trade, the smart contract automatically sends the tokens to the pool and then exchanges them for a similar token from the pair.

🆔 Recommendations for choosing DEX can be divided into two levels:
1. Verify the blockchain, its creation and audit date.
2. Study the workings of DEX, especially if it is a fork of a well-known platform. Also, it is important to look at the total amount of liquidity in the staking.

Bottom line: DEXs still have a lot of development to do. CEXs allow users to focus on trading, but at the cost of providing their assets for safekeeping. DEXs offer more freedom and potentially better terms, but require a more knowledgeable user.

❔ Which exchange do you prefer?

👍 - CEX
🔥 - DEX

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What is the difference between blockchains of different levels: L0, L1, L2 & L3 🌍
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The rise of the first cryptocurrency (Bitcoin) created immeasurable value and changed the way society perceives money and who controls the financial flow. But along the way, blockchains became victims of their own success. They could not handle the increased traffic, resulting in either long transaction times or high fees. This is where the different layers of blockchain began to emerge. Let's take a closer look at them.

🔗 Layer 0 is the "base" layer, necessary for interchain interoperability. It is the network structure running under the blockchain, including protocols, connections, hardware, miners and other components that make up the blockchain ecosystem. Examples of L0-blockchains: Polkadot and Cosmos.

The main features are:
• Allow assets to be transferred between different blockchains;
• Allow developers to develop a single application on multiple blockchains at once;
• Fast and cheap transactions on cross-chain exchanges, due to the "communication" protocols used in L0.

🔗 Layer 1 is a blockchain that can conduct transactions without the participation of another network. Its main problem: as the number of users increases, blockchain performance and transaction processing speed can decrease. Examples of L1-blockchains: Bitcoin, Ethereum, Cardano, Solana.

Let's make an analogy: if dApps is an offline store that everyone visits, the L1 blockchain is the piece of land on which it is built. And L0 is the road networks that connect the land parcels.

dApp - Decentralized Application

🔗 Layer 2 is a protocol deployed on top of the main L1 blockchain. They help increase system throughput, transaction speed, and scalability. This helps blockchains like Bitcoin and Ethereum process thousands of transactions every. Examples of L2-blockchains: Polygon and Optimism.

🔗 Layer 3 are so-called "application" level blockchains. L3 includes various decentralized solutions and protocols that enable applications. Examples of L3-blockchains: PancakeSwap, Uniswap, Aave and many more.

🗂 Conclusion: All blockchains are tightly interconnected. For example, without Layer 2, the Layer 1 blockchain cannot function successfully. Each layer has its own responsibility to help the entire cryptocurrency market function.

❔ Friends, would you like to see more similar posts from me? I try to give you useful content.

👍 - Yes
👎 - No

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How to analyze cryptoprojects on your own: DYOR 🔤
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In yesterday's post, I mentioned various projects. You may have thought: "Maybe I should invest in these projects?" Let me tell you right away that blindly investing never leads to good consequences. Yes, you can be lucky and the price of project token will go up after your purchase, but the probability of that is very low.

Before any investment I advise to conduct a DYOR - Do Your Own Research. How to do it I will tell in this post. Let's go.

1⃣ We always start with the project website. There you will be greeted with a brief summary of the project, as well be sure to glimpse the Whitepaper/Docs, to study the details.
The questions you should be asking at this point are:
• What is this project?
• What are the benefits of it?
• What opportunities does the project provide?
• What plans does the project have for its RoadMap?

RoadMap - the plan by which the project operates.

2⃣ Funds
Next you need to understand who is the guarantor of success:
• What foundations have supported the project?
• What are the successful cases of these foundations?
• Will the funds be interested in the further development of the project and the token?

📦 Examples of top funds: Multicoin, a16z, Paradigm, Polychain, Sequoia, Coinbase Ventures, Pantera Capital.

3⃣ Community
It is equally important to assess the hype around the project and audience engagement. Be careful and check official sources. The better the project, the more scam will be around it, and you will be added to different groups offering to transfer money. Do not be fooled by these schemes!

🗂 It is important to evaluate:
• How active are the social networks of the project? (Telegram, Twitter, Medium, GitHub, etc.).
• How involved is the team in supporting social media?
• Is there an Ambassador program?
• Nodes (do they do updates and work)?
Also, important:
• Who is doing the reposts? If they're done by "real people" and not bots, that's a definite plus.
• Who of the major projects and celebrities are subscribed to Twitter.

➡️ You can use TwitterScore for convenient Twitter analysis.

4⃣ Project partnerships
Evaluate the credibility and use of other projects.
• How many other projects have already provided support?
• How can they be useful to each other?
• Make sure you check the feedback from partners on your pages (because you can just tag that you are supported by Solana, but they don't even know about you).
• Check the social media subscriptions of celebrities to the project. A good way to monitor Twitter for such "friendships.

❔ It's not possible to tell all the basics for conducting a DYOR in one post. There are many more different points of interest that are important to pay attention to.

• Let's get 15 reactions 👍 and I'll do a second part about the basic rules of DYOR.

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Ways to make money on crypto 💰
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I see that you liked the post about DYOR, so part 2 will be mandatory. However, today I decided to hit one of the most long awaited topics, namely ways to make money in cryptocurrency.

🎛 In this post I will talk about 5 main ways to work in the crypto market. Of course, I won't be able to talk about each way in detail, because it simply won't fit into one post. But if you like this post, I will tell about each way separately. Let's go.

➡️ 1. Testnets is an open testing of not yet launched cryptocurrencies and blockchains. Crypto projects that haven't gone public yet invite users to try their functionality and leave feedback.

• As a reward for participation, users can get NFT, project tokens (which will be exchanged for $ in the future) or discounts. The rewards can be announced in advance or after testing. Often the size of the reward depends on the contribution of the participant - the biggest prize is given to those who found significant bugs.

➡️ 2. Token Sale is the initial sale of tokens and their entry into the market. The essence of all token sales is to enable investors to buy a project token at a fixed price (a price well below the market price) before placing it on CEX or DEX.

• The main difficulty of this type of income is to choose a good project, so that in the future the tokens you receive will not lose a lot in value. With smart investing you can earn a few X's to your working capital per token sale.

➡️ 3. Ambassador programs - these programs are created to attract interested users who are ready to invest time and effort to create and develop a crypto project community. Basically, all work is based on creating content in social networks, increasing audience and developing it. An ambassador can be rewarded with project tokens or access to closed and early sales. There are also programs that pay a salary every month.

➡️ 4. Nodes are servers with special software that are connected to computers or other computing devices connected to the cryptocurrency blockchain network. They are necessary to ensure the security of the cryptocurrency network. In the future, holders of nodes can receive project tokens and sell them.

➡️ 5. Earnings from NFT. There are several ways to make money in the NFT sectors:
• Getting WhiteList (aka WL)
• Secondary market speculation (flips)
• Participation in raffles.
I will not focus on each method. In the future I will tell in a separate post.

❔ How do you like this post? Throw a lot of reactions 👍 to this post, and then I will tell about each method separately. You will be able to apply this information and earn your first money in cryptocurrency.

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GTA 6 could be Play-to-Earn ▶️
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I often pass by news like this, but this looks very interesting. In terms of the massive adoption of cryptocurrency. At this stage of the market, it is very important that people start introducing crypto into their lives. One of the easiest ways to do this is through gaming 🎮

🔎Forbes India said that the new GTA will be based on the P2E model and in-game money earned can be exchanged for real money. Also Forbes India believes that in GTA 6 the main game currency will be Bitcoin. The publication refers to the leaked data of the developers.

• The developers of GTA have not made an official statement about introducing cryptocurrencies in the game, but in February they wrote that GTA 6 will go beyond the previous games in the series. Recall that in GTA 5 you could enter the virtual exchanges LCN and BAWSAQ through your smartphone to trade stocks. It was also possible to commit crimes to crash company stock prices.

🗂 The game could become legendary if the rumors were true. It has been clear for a long time that only an experienced team from Web2 can create a high-quality and interesting P2E. Rockstar Games is the perfect candidate for this grand mission. In the case of success of the developers we are waiting for the massadoption of unprecedented scope.

🧐 #news

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DYOR | Part 2 🥅
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Friends, the second part of the Do Your Own Research post didn't take long to come to fruition. Without a long introduction, here we go.

5️⃣ Project Team

Avoid anonymous teams, as well as projects which do not list their developers and team at all. Admins or members of the project will never write you in a private message with an offer to buy their tokens!

As a rule, the main members of the team are listed on the project website. And from there you can find more information about them. It is important to assess the team from a personal perspective, their social networks, the background. Are they interested in the development of the project itself, or more focused on fundraising.

🎛 It's important to evaluate:
• Evaluate these guys from a personal perspective, would you trust them with your money?
• What country is the team from?
In what projects have the members of the team already participated?
• How interested are they in the development of the project itself, or are they more focused on raising money and developing the token?

It is convenient to use LinkedIn to analyze the team.

6️⃣ Competitors
Evaluate the potential for demand and the quality of the technology.
• What competitors are already on the market?
• How in-demand is the competitors' technology?
• How much better is our technology?

7️⃣ Metrics
It's important to understand what and how many tokens will be available for sale on the listing, so we study the rollout/vesting period for each of the items. By getting the number of tokens available at the time of listing, you can calculate the approximate capitalization, at the last sale price, and assume the expected price pressure.

• Why do you need a token?
• How will the token be used?
• Who are the tokens distributed to?
• How many tokens in total?
• How many were sold in Seed and Private rounds?
• At what price did those rounds go in?
• How many tokens will be used for rewards?
• How many tokens do they plan to sell at the Public Sale?
• What liquidity will be provided on the listing?
After that, we start comparing the data to competitor projects. In this part, we will be able to assess the growth potential.

8️⃣ Buying
Having studied all the questions, you have decided to invest money in this project:
• Determine at what stage and under what conditions it is better to deposit money.
• We study the terms of sale.
• We study the format and the platform on which sales will occur.
• We study the platform on which we are going to buy.
• If the sale is not at a fixed price, consider the fair price of the token.
• If the sale is in the form of a lottery, consider multi-accounting to increase the chances of getting in.

9️⃣ Sale
At this stage, it is worth considering:
• Carefully study the timing of the project, otherwise you can freeze funds in the project for a long time.
• If unsuccessful, you should set a goal for fixing the loss in advance.
• Divide your sale into several goals, the first of which is the withdrawal of the initial investment.

📔I hope this information will be helpful to you 👍. Perhaps it will help you save your hard-earned $.

#education

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A new wave of memcoins? 🤗
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Dogecoin recently introduced a new token standard - DRC-20. The Doge network has almost reached the same level as the Bitcoin network in terms of number of transactions, reaching a level of 630,000 transactions. Now for the details:

🟠While BRC-20 tokens have raised bitcoin fees dozens of times, and developers are looking for ways to block the whole thing, Doge is giving meme-lovers a new field of opportunity.

🟠The DRC-20 tokens only went public on May 9, but there are already about 1700 coins online! Even its own reviewer has appeared - https://drc-20.org.

🟠 These tokens are made on exactly the same principle as BRC-20. Digital artifacts are written on the tiniest parts of the DOGE, and that's how non-fungible tokens are made. By the way, the tiniest unit of DOGE is called Elon, by analogy with the Satoshi of the Bitcoin network. It is 1 hundred millionth of a whole coin.

🟠It's not clear yet whether DRC-20 can start a new meme wave and give rabid X's. But the especially curious can try to smith some coin according to this guide.

❗️We hope you don't need to be reminded that the memcoin trade is a casino. While someone almost accidentally makes a fortune, someone loses his hard-earned money.

❔Have you ever bought memcoins?

👍 - No it's a casino
🧐 - Yes, I bought

#news

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Venture capital funds: what's the benefit to the project? ✔️
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Friends, hello everyone. In addition to the post about DYOR, I decided to make an explanatory post. Today we are going to uncover the mysteries of crypto venture capital funds. What role do they play in the world of crypto startups?

➡️ Venture funds are true wizards of finance, ready not only to invest in promising projects, but also to help them reach their potential. This is especially important for startups looking for support and funding.

Such companies help turn ideas into reality and turn them into successful products. They not only help the project financially, but also support it in every way they can so that their investment does not get lost in the mud.

🎛Venture capital funds are a catalyst for innovation. Their funding helps create new technologies, develop solutions, and foster the development of blockchain, smart contracts, and anything else that requires monetary support. They can also act as "Smart Money" (give knowledge, useful insights and tools)

Examples of crypto funds:
🟠Pantera Capital;
🟠Sequoia;
🟠a16z or Andreessen Horowitz.

Read more about the top funds here.

Don't forget the importance of choosing reliable funds. As in any industry, there are those that carry risk. If you have an idea or a ready project, you can safely apply for financial support to venture capital funds and offer them cooperation.

🎛Now here's an interesting statistic: 20% of startups fail immediately, 50% fail in 5 years, and 70% fail in 10 years. And even if more than half of the investment evaporates, one project can recoup all the costs. 👍

🧐 #education

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Rewarded testnet from Jump DeFi 💵
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Friends, I haven't had a chance to tell you more about testnets yet, but I've already decided to share one interesting activity. You might be able to get tokens for it and sell them in the future.

➡️ Jump DeFi is a DeFi protocol with a lot of features. In the future, the project plans to launch its own launchpad. Jump is also one of the Near Protocol partners.

⚫️Now there is an opportunity to participate in the testnet, for participation in which you can get JUMP tokens. It will also increase your chances of getting airdrop from Mantle, since the testnet is held in this network.

☑️ How to participate in testnet:
• Add a test network to your MetaMask;
• Take test tokens and transfer them through bridge;
• Connect a wallet on the site and branding test tokens through the tab Faucet;
• Test swaps, add liquidity. In general, testing all available functionality.

⚫️There are rumors that BitDAO has allocated a special fund of $200 million for Mantle development, so they have the cache for such events.

There may be a lot of confusion for you here. But if you can gradually figure it out, it will all pay off in the future.

❔ Would you like to see more posts like this?

👍 - Yes
👎 - No

#activity

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How to follow the whale action 🐋
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Remember, I did a post about "What is airdrop". Well, it's no secret that whales (people with a lot of capital) can often anticipate different events. They have a lot of connections, assistant analysts, etc. Often, their movements reflect the mood or future events on the market, because it is no secret that they have more insides than ordinary users, so by their steps we can predict future market signals. Including possible future airdrops.

🗂 In this post, I'd like to share 3 useful services for tracking whale wallets:

😀Go to DEX Screener and look for pairs, which increased in price lately and copy from it the address of the token, which showed the biggest growth.

😀 Next, go to Bubblemaps and paste its address. Identify among all the wallets of all the major holders of this token or active wallets in recent days. Copying the addresses of these wallets.

😀 Go into Zerion and paste those wallet addresses we copied from Bubblemaps. We analyze their transaction history by coins, entry and exit points. We also track other big wallet muves on other sites and networks.

😀As you can see for yourself, there is nothing difficult to track the actions of large holdings, investors and funds. You just need to know how to look for them, everything is in the public domain 👀

❔ Would you like to be such a whale, that many cryptans would follow your wallet too?

🤩 - Yes, sure. I will definitely become one.
😁 - No, I want to work in secret.

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Unlocking tokens: how it works?🔒
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Unlocking is the release of tokens that were previously blocked as raised investments. We can say that it is a certain period of time during which the asset cannot be used for a transaction.

🎛 The purpose of token unlocking: the long-term maintenance of the stability of the asset's price. This prevents large holders of tokens from selling them en masse, collapsing the price.

There are 2 major unlocks coming very soon:

🔮 1INCH - set to unlock 249.8 million tokens on June 2. That's about $100 million, or 16.6% of the total supply. That's a pretty big volume.

🖼 Blur - will unlock $101.8 million of its BLUR tokens on June 14, 2023. 6.5% of the total supply will be added to the circulating supply.

⚫️Many newbies may think, "OK, big unlocks are a good opportunity to make money on a price drop." It's not that simple!

❗️Unlocking is not an indication, that token will be dumped, (to pull down the price of asset)! Often, exactly the opposite happens and depends largely on the work of the market maker and on how investors believe in the project. The market maker can raise the price of the asset before unlocking, so that after the tokens have been unlocked, the price returns to its previous value.

So be careful in the market and don't turn your money into market maker fodder!

❔ Have you ever tried to make money on unlocks?

👍 - Yes, I tried.
🔥 - No, it's too dangerous.

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Can I not use the seed phrase? 😳
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It won't be long before we stop using the seed phrases on which your money now depends. In their place is an innovation called Account Abstraction (AA), which will get rid of a lot of words on paper forever.

➡️ Account Abstraction (or the new ERC-4337 standard) is a concept that turns users' wallets into smart contract accounts, making them more convenient and at the same time preventing the loss of keys. Many thought that such a complicated upgrade would take years, as Buterin talked about it 9 years ago, before it was launched

↪️ The main benefits of ERC-4337:

⚫️Pay for gas with any token
You can pay with any ERC-20 token. In addition, services that use this standard can make gas payments in fiat through a smart contract enhancement.

⚫️Account Recovery
For ERC-4337 smart accounts, they will introduce "group access" to wallets. If you lose a seed phrase, you will be able to regain access through previously assigned custodian contracts.

⚫️Batch transactions
Smart accounts allow you to bundle transactions and send them as one. This saves gas fees in multiples.

⚫️Sponsored transactions
User transactions can be paid for by the dApp itself. This can then act as a marketing move from many projects.

❓But there are also issues.
Despite the benefits, there are some issues around account abstraction that need to be addressed. Chief among which is the need for infrastructure.

A large-scale implementation of AA accounts will require more nodes to aggregate transactions. This is also necessary to ensure that they are decentralized and that power is concentrated in the hands of a limited number of actors.

❔ Have you ever lost a Seed-phrase from a wallet? (I had it, to be honest)

👍 - No
😢 - Yes

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China + Crypto = "Chinese Narratives" 🇨🇳
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Chinese narrative is the assumption that China may soon fully lift the ban on the use of cryptocurrencies and billions of fresh investments will come to the crypto market.

➡️The crypto space has begun to actively sway the info-field around it and here's why:

• Last year, Chinese cryptoprojects have shown themselves to be strong;
• Liquidity reserves increased, leading to increased speculation on "Chinese coins."
• Hong Kong announced a $6.4 million investment in Web3;
• Many talented developers switched to Chinese crypto projects because of pressure on the market from U.S. regulators;
• Hong Kong hosted a massive crypto festival with 300 speakers, including CZ from Binance and almost all major projects + venture capital funds.
• The Chinese government changed the rhetoric on the topic of crypto as well, and to quickly restart the economy after long quarantine restrictions, turned on the printing press, just as the U.S. did in 2020.
• On Feb. 17, China added 835 billion yuan ($121 billion) of liquidity to the market through bond repurchases, the largest single infusion since 2004.

As for Chinese crypto project tokens, always analyze its volume, where it trades, its social metrics on LunarCrush, namely which country the biggest investors are from.

⚫️Keep in mind that Hong Kong crypto exchanges have been offering their services to regular customers since June 1. Hong Kong authorities have already received more than 150 offers from market participants and if altcoins catch this trend, we can expect coins related to China to show high results.

In the meantime, here is an interactive table with project summaries, so it will be useful if you are really interested in Chinese coins.

❔ Do you believe in the Chinese narrative? I bought some tokens from big Chinese projects.)

👍 - Yes, I will buy tokens too.
😢 - I do not believe in the growth of Chinese coins.

#analytics

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Elon Musk is accused of insider trading in DOGE token 🗣
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Elon Musk has come under fire from criticism over allegations of insider trading made in a class action lawsuit by investors. He is accused of manipulating the price of the cryptocurrency DOGE.

🔵It all started after he changed his Twitter logo to a Dogecoin image. What's more, investors claim that Elon sold DOGE for ~$120 million.

🔵Musk is accused in the class action that he intentionally raised the price of Dogecoin by more than 36,000% over two years and then allowed it to collapse.

But let's be honest, who among us wouldn't be insider trading if we were Musk!?) 😂

❔ What do you think the judge will decide in this lawsuit?

😁 - Just get fined.
🧐 - Will have to do some time in jail.

#news

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Getting NFT to access a rewarding testnet 🙅‍♂
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Hi everyone, this is TREYSI. Prepared one interesting activity for you that you shouldn't break.

🔵Injective is a Layer1 blockchain on Cosmos. According to the founders, it is the fastest and most efficient blockchain in Web3.

The project was able to raise more than $50 million from such funds as Jump Crypto, Binance Labs, Pantera, as well as on Twitter CZ itself is subscribed to them.

🔵Now the project has launched giveaway of free NFT, which will be an access to rewarding testnet.

☑️ How to participate:
• Go to Galxe
• Complete tasks (subscribe to Twitter and discord)
• Get the NFT

Super simple activity and takes a couple of minutes.

NFT is completely free, you do not even have to pay any commission. Since this NFT will give you access to the testnet, these NFTs can most likely be sold in the future.

⚫️Put 🔥 if you could get the NFT

#activity

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New Binance FUD 💸
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According to Bloomberg, the SEC is suing Binance and CZ for violating U.S. securities regulations.

🟠Binance CEO:

"Our entire team is on standby, ensuring the stability of systems, including withdrawals and deposits. We will give an answer as soon as we see the lawsuit. The media gets the information before we do." - Twitter.

🟠BNB has already reacted with a drop of 5%.

The SEC has accused Binance of trading such "securities" as BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI

🟠Gary Gensler, head of the SEC:

"Based on thirteen allegations, we allege that Zhao and Binance participated in an extensive network of deception, conflicts of interest, failure to disclose information, and willful evasion of the law." 😢

#news

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Cheated with a scam token 😧
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Friends, I recently talked to a friend of mine and he told me a very enlightening story. How he was cheated with a scam coin. I decided to share it with you to protect you from such cases.

🔤 Further the story will be told in the first person:

"In one telegram channel there was information that there is a coin on Pancake Swap (DEX) with good growth potential. And without thinking for a long time I went to 500$ to look at it, as there was a complete instruction on how to buy the coin. There wasn't much information on the internet, but I found some site that wrote about this coin. I saw it going up, and without thinking long, I added another $1,500 to it. Then I realized that I can not convert it back, because there is not enough slippage. Found some groups with information that said it was a scam.

I have already put up with it, but realized how easy it is to lose money at nothing, just because of stupidity. I was on crypto course where I was told about security and I got inadvertently caught on such a simple scam scheme."

‼️ Quite a common type of scam using fake tokens. Fraudsters create tokens on DEX exchange Pancake Swap and start aggressively advertising in various telegram channels under various pretexts.

🔴It doesn't matter how many X's they promise you. It's important to understand that all of this is a scam that can leave you with no money. No normal telegram channel will force you to buy something and moreover to promise an infinite growth of a coin rate.

🔴Share this story with your friends, maybe it can warn someone against a mistake.

If it was interesting and useful for you, don't forget to put reactions 🔥

🧐 #useful_history

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"A Little Patience" - read a new essay by Arthur Hayes 🔤
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For those who don't know, Arthur Hayes is an entrepreneur, co-founder and former director of the cryptocurrency exchange BitMEX. 2022 was charged with violating the Bank Secrecy Act and sentenced to six months house arrest, two years of probation and a $10 million fine.

🟠Almost every month he writes essays about his vision for the market. They are very popular and discussed by many crypto-people.

🔴In his new essay, Arthur Hayes proves that a true Bitcoin bull market will begin late in the third and early fourth quarters of this year and wants to provide his vision for fiat liquidity in the coming months.

🟠He has said many times that the price of Bitcoin depends on fiat liquidity and technology, and most of his essays this year have focused on global macroeconomic events affecting fiat liquidity.

🟠Fiat banking systems in the U.S. and the world will resort to a new round of money printing from the central bank. And that, in turn, should lead to higher prices for risky assets. And then we'll know which projects' coins will be most interesting. All we have to do is wait a little longer.

➡️You can read the full essay here.

❔ Have you read his essay before? He often writes interesting thoughts to think about.

👍 - YES
😢 - NO

#news

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Bump on Binance and Coinbase 💸
⠀
Gathered for you the main details of the erupted battle between the US Securities and Exchange Commission and the two main crypto exchanges.

➡️ The court granted the SEC's motion to freeze the assets of Binance US. Binance US must return all assets to customers within 10 days. The SEC also asked the court to freeze the assets of Binance and CZ. But that decision was not granted.

⚫️Also, SEC lawyers alleged that two Binance subsidiaries in the United States, BAM Trading and BAM Management, were controlled by Zhao (CZ) and made "illegal profits" of $420.4 million in the form of trading profits and venture capital financing. The assets of those companies have now been frozen, too.

↪️ Meanwhile, Coinbase said it's ready to get into a legal battle and is threatening to sue the SEC in the U.S. Supreme Court as the government agency expands its crackdown on tokens it considers registered securities.

⚫️And a Coinbase lawyer recalled that the company underwent thorough audits when it went public and filed regular quarterly reports. Coinbase met with the SEC 30 times in 2022 seeking regulatory guidance.

➡️ Kathy Wood's ARK Fund backs Coinbase and once again increases its position in Coinbase stock by $21.6 million;

▪️ Trading volume on the three major DEXs is up 444% in the last two days!

☁️ The SEC's methods of "regulating" cryptocurrencies are looking more and more like siphoning money from companies and preparing the market for the launch of CBDC. Other U.S. exchanges should obviously get ready...

❔ By the way, do you trust your coins to exchanges?

🧐 - Yes
👍 - No

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X's on memes 🤓
⠀
Meme coins are transforming from a common Internet pastime into a real investment prospect, opening up new opportunities for investors.

➡️ Meme coins are cryptocurrencies inspired by Internet memes. This is a prime example of a financial asset that has no fundamental value and grows only because of the community.

Inspired by Internet jokes, memes and other socio-cultural phenomena, these currencies have turned into real prospects, ushering in an exciting new era in the marketplace.

↪️ What are the dangers of memcoins?

• high volatility
• "rug pull"

➡️ How much X gave memes:

• PEPE - 89,499,900.00 %
• Doge - 4,589,780.16 %
• SHIBA INU - 1,248.47 %.

⚫️Meme coins and their impact on the community:
They thrive on the power of community, uniting users around common interests and goals. In the case of Doge and PEPE, it was the dedicated online communities that contributed to the significant increase in the prices of these coins.

⚫️The Dark Side of Memes:
As the huge fluctuations in exchange rates show, trading them is not an activity for the faint of heart. Market values can fluctuate wildly, determined only by social media trends and sentiment rather than traditional financial metrics.

In particular, the lack of regulation can create additional risks besides the fact that "memes" can collapse in an hour.

❔ Got any memes in your portfolio?

🔥 - yes, I hold some.
👍 - no, just fundamental.

#education

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