🐹The son of European Central Bank chief Christine Lagarde has drained 60% of his investments on cryptocurrency speculation.

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💸 It won't end with Binance!

The US regulator intends to "continue aggressively pursuing cryptocurrency exchanges that violate federal law."

Commissioner Caroline D. Pham made the following statements:

- Allowing crypto exchanges to work with U.S. customers is "a privilege, not a right."

- The CFTC will not turn a blind eye to "the use of VPNs to circumvent KYC."

- "The CFTC has no limits when it comes to going after non-US entities."

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Stablecoin's aggregate marketcap has started growing steadily again

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Fusionist Beta II: Galactic Duel launches on Steam on November 22nd

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Top 6 Layer 2 Blockchains by Monthly Fees and Revenue

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Crypto speak: GM.

GM is short for “good morning,” and it’s just a way to spread positivity and wish everyone a good day.

We don’t know where this expression came from or how it became so popular, but it has become a staple in the Web3 space.

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"The future of money is digital currency."

- Bill Gates ⚕️

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What is arbitrage in cryptocurrencies?

You may have come across this concept in the media. Cryptocurrency arbitrage is a strategy that involves buying cryptocurrency on one exchange at a lower price and selling it on another exchange at a higher price. This practice allows traders to capitalize on the difference in price on different platforms.

Arbitrage is a fairly accessible strategy that beginners can use to start exploring the world of crypto. But of course, it also comes with a lot of risks, so don’t count on landing that Lambo in your first month =)

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Bitcoin Criticism: Bitcoin is a bubble

We decided to break down the main arguments behind Bitcoin’s criticism (we’ll be doing this all week), and we’ll start with one of the most popular statements:

Bitcoin is a bubble.

Let’s break down what can be called a “bubble.” A bubble can only be inflated once, such as the inflated bubble of “tulip mania” in 1636.

A burst balloon cannot be re-inflated, and if the bullish rise of 2017 was a bubble, how did Bitcoin recover and surpass that high in 2021?

It’s true that cryptocurrencies are volatile, but this market should be evaluated over wide stretches of time. 2014 and 2018 were the only years when Bitcoin’s price was lower at the end of the year than it was at the beginning.

If you zoom out and look at long-term average indicators, Bitcoin’s appreciation is consistent. The monthly price has never closed below its 200-day weekly moving average.

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🧡We're one step away from launching a spot ETF on Bitcoin - Willy Woo

By comparison, after the first gold ETF, which provided investors with an easy way to access the asset, gold rallied for 8 years without a single down year between 2005 and 2012.

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An ancient Bitcoin miner this week sold 1,000 BTC for approximately $40 million - the coins were mined 13 years ago.

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Random Bitcoin fact: More than 50% of mined Bitcoin is in just 1,000 wallets.

This is certainly not a good statistic concerning the world’s biggest cryptocurrency. Centralizing a huge volume of coins in the hands of a relatively small group of people adds to Bitcoin’s vulnerability.

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Crypto Speak: Blue chip

The concept of “blue chip” has migrated to crypto from the stock market. Blue chips are stocks of large, reliable, established companies, in which people are not afraid to invest—e.g., Apple, Microsoft, and Amazon.

The crypto world also has its own blue chips: Bitcoin and Ether, among others.

Of course, investing in crypto, even in crypto blue chips, is a million times riskier than investing in the Coca-Cola Company 🙂

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FIFA will release NFT collection on Polygon

The plan is to issue 1000 tokens, with the first 100 appearing as early as December 15 and owners of the first hundred NFTs will have a chance to win a ticket to the final match of the World Cup in 2026.

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Unlocks in tokens in the coming week:

GLMR- 1.60% (12.72 million coins)
APT- 8.9% (24.84 million coins)
CYBER - 8.51% (1.26 million coins)
FLOW - 0.18% (2.6 million coins)
APE - 4.23% (15.6 million coins)

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🌐Starting January 2024, Google will allow crypto ETF advertising

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Crypto Speak: Layer 0

Let’s try to talk about complex technical things in simple words. You’ve probably heard of concepts like “layer-1 blockchains” and “layer-2 blockchains.” We'll break these concepts down in the coming days, but today, we’ll talk about “layer 0.”

Layer 0 in the world of cryptocurrencies is the base layer, which can be thought of as the “infrastructure of infrastructures.”

It is the layer that underpins all blockchains and cryptocurrency protocols. Layer 0 addresses the fundamental issues of connectivity and interoperability between different blockchains. It is because of the existence of this layer that blockchains can “communicate” and interact with each other.

For example, if we compare the cryptocurrency world to a house, layer 0 is the foundation and communications (plumbing, electricity) on which the house itself is built (the house being layer 1, like the Ethereum or Bitcoin blockchain).

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Aggressive marketing from Solana - no...

It was recently reported that sales of Saga phones had stalled - the company was only able to sell 2,200 smartphones.

But Solana decided to pull a stunt like this: every phone buyer gets 30 million BONK tokens, and at the start of sales it was only $30, but today it's over $1,000.

Buying a smartphone for $600, the buyer gets $1000 in BONK tokens - a net profit of $400.

Bottom line - all the phones in the US are sold out, with only a few left in Europe.

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Crypto speak: NFA

“NFA” is an abbreviation for “nonfinancial advice,” a disclaimer that this person is unqualified to provide financial advice and that their opinion should not be considered as such.

Most crypto resources use this expression to comply with legal requirements, but this word is often used in an ironic sense, just to recommend some coin.

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