#Dictionary Fiat

💵 Fiat money is cash made of paper with multiple layers of security, issued by the government for use within and outside the country. This type of money also includes virtual currencies stored in a bank account and accessible through a regular plastic card.

🖼 The daily trading volume of #Ethereum #NFTs on OpenSea has dropped by 99% from the peak value in May 2022

Meanwhile, Donald Trump sold his NFT with a photograph after his arrest in August 2023 for $1 million (presumably, this is the remaining one percent of the market) and promised to embrace crypto in the US in case of winning the elections.

Recently, cryptocurrency has increasingly become a bargaining chip in politics, an interesting trend indeed. 🤔

#Dictionary P2P Trading

🍪🍪 Peer-to-peer or person-to-person refers to the direct buying and selling of cryptocurrencies between users without the involvement of a third party or intermediary.

#Opinion

👑 Renowned cryptographer Adam Back believes that one Bitcoin is ten times rarer than a kilogram of gold

According to him, although the value of #BTC is currently similar to that of gold, in this cycle, it should be reevaluated and settle at the level of 10 kilograms of gold per #BTC.

Like if you didn't know digital gold is as valuable as the real deal 😰

#Dictionary Ticker

🪙 A short name assigned to a project for its identification in financial markets. In cryptocurrency, this is usually the token name.

⚡️The EU is considering the possibility of including crypto assets in its structure of mutual investment funds

Such a bold move could significantly alter the investment landscape across Europe, so let's keep an eye on it. 🔍

#Dictionary Limit Order

📈 A request to buy/sell at a specified limit price, which is lower than the current price when buying and higher than the current price when selling. Such orders are displayed in the exchange order book.

🥃 Exchange order book is a list of limit orders on the market at the moment.

#Opinion

🪙 Tom Lee, the head of the research division at Fundstrat, is expecting #BTC to reach $150,000

The analyst believes that Bitcoin will reach this figure by the end of the year, with the nearest milestone around $100,000 being achieved by summer, despite dropping below $70,000.

This isn't the first time an analyst has mentioned this particular price point 🤔

⚡️The US will start fighting against #Tether

Brad Garlinghouse, the CEO of Ripple Labs, announced the US government's confrontation with the USDT issuer on Chris Vasquez's podcast.

🎙Brad called Tether an essential part of the crypto ecosystem and noted that organized pressure on the company, in his opinion, could have unpredictable effects on the entire industry and become another "black swan" event.

Do you share the opinion of the CEO of Ripple Labs? 🤔

📣 #Opinion

Writer and entrepreneur Robert Kiyosaki has warned of the collapse of the dollar if BRICS countries launch their own cryptocurrency.

📉 Robert believes that if the BRICS economic bloc launches an intergovernmental stablecoin pegged to gold, trillions of US dollars will flow back into America, causing hyperinflation in the country.

The writer recommended buying gold, silver, and #bitcoin to protect oneself from the impending disaster. And we'll remind you that the idea of creating an intergovernmental BRICS cryptocurrency emerged as early as 2019.

In March, it became known that countries are already ready to create a new payment system, so stock up on bitcoins, rubles, yuan, and rupees 💸💸💸

And of course, #KICK 😉

🪙More than 3.6 million #BTC are currently lost

There's a belief that around 60% of bitcoins haven't been lost and are actually held by Satoshi Nakamoto. However, there's still no evidence of this, and it's possible that all these coins were permanently lost along with the old computers of early crypto enthusiasts.

Check your old hard drives, maybe you have a couple of thousand BTC lying around among the old files 💰

#Opinion

📌 Joe Biden could lose the elections due to his dismissive attitude towards cryptocurrency

That's the opinion of #Uniswap's founder, Hayden Adams. According to him, the "war" on the cryptocurrency industry is a serious misstep by the #Biden team, which could cost him the victory.

Billionaire Mark Cuban also noted that in the event of the Democratic candidate's defeat, the community would have a chance to settle scores with the SEC 👊

➡️ The #GME token surged by 1,800% in a week

GME utilizes the stock ticker of the legendary #GameStop, although it is not officially associated with the company. On Monday, GME saw a 1,247% increase with a total trading volume of over $70 million. The surge is attributed to the return of the Reddit trader Keith Gill, who rocked the boat with GameStop three years ago and became a symbol of resistance against Wall Street. 💪

If you missed all the buzz surrounding GameStop and are curious about what happened back then, drop a comment 🔥, and we'll prepare a special long read to reconstruct the timeline of events and explain why it was a significant precedent for the entire financial industry.

#News

📌 Analysts at #Bernstein believe that the current flat price of Bitcoin is advantageous for public miners

#Opinion KickEX:

It's a typical situation where large market participants eliminate competitors by absorbing groups of smaller participants.

Bitcoin's blockchain is a flexible and well-thought-out self-regulating system where rewards are redistributed among all participants. Considering that the reward for mined blocks decreased after the halving, many small miners find it difficult to continue their activities at the new reward level.

Large miners have a large reserve of resources to comfortably navigate this stage. However, small miners are forced to sell their #BTC to cover expenses, but often this is not enough.

Hence, pressure on the BTC price arises.

⚡️Venezuela has experienced a complete collapse of its fiat currency

The local bolivar has depreciated to the extent that people are throwing money bags away with the trash.

In light of this, a question to the community: what is the best way to protect against inflation?

🏆 — #Gold
❤️ — #Bitcoin
🤔 — #Stablecoins
🌚 — #Stocks
🐳 — #Bank deposit
🌭 — #KICK

We await your opinion with arguments 🧐

⚡️#Nasdaq has halted trading in #GameStop shares due to abnormal volatility

Meanwhile, Keith Gill continues to troll Twitter, posting a clip from the movie "Troy" where Achilles son of Peleus defeats a massive warrior with a single blow, clearly hinting at a new wave of rebellion against institutions.

It seems we are in for a full-fledged sequel to the events of 2021, with pump-and-dump schemes involving both shitcoins and stocks of similar magnitude. While we await the continuation, the long read on the first uprising is already in progress, thanks for your reactions 🔥

⚡️ #BTC responds to the publication of inflation data in the USA

For April, it stood at 3,4%, in line with forecasts; the previous figure was 3,5%.

Against this backdrop, #Bitcoin has risen to $64 000 and continues to climb 💃

🪙 CryptoQuant believes that the recent surge in stablecoin inflows could lead to increased volatility in BTC

#KickEX_Explains

🔼 The influx of new stablecoins into the market is a traditional bullish signal for traders. The introduction of new stablecoins into the market represents the conversion of fiat money into digital currencies, which market participants view as an influx of new funds into the crypto ecosystem.

🕯 Often, news that the company #Tether has issued several billion #USDT indicates that someone has come and bought them for the equivalent of fiat money, and presumably, these billions will be spent on buying cryptocurrencies.

🎢 This, in turn, encourages traders to increase their activity in cryptocurrency speculation in anticipation of catching a good upward movement.

#Analytics

💪 #BTC has once again outperformed #gold, this time in terms of #ETF

By the end of the first quarter of this year, 937 professional firms invested in American spot #Bitcoin ETFs, while only 95 invested in gold.

❤️ — if you don't know what "professional firms" are and need a #dictionary

💸 #MorganStanley invested $269.9 million in Grayscale's spot #Bitcoin #ETF in the first quarter

Now Morgan is the largest holder of GBTC after Susquehanna International Group, who invested $1 billion.

First banks criticize #BTC, and then they buy it 🧠