✅ Bitcoin is growing, but it is still far from $30k 🙃
But the ruble has sharply strengthened after a record collapse, everyone is waiting for tomorrow's extraordinary meeting of the Central Bank of the Russian Federation. Something happened?..
Monday news:
🔸 PayPal creates a cryptohub for a closed circle of users where it will be possible to buy and sell cryptocurrency
🔸 Telegram messenger is 10 years old today 🎂
🔸 Hackers once again hacked a pool on Curve Finance, this time Zunami Protocol suffered $2 million
🔸 Crypto exchange Coinbase enters the Canadian market
🔸 Sandbox tokens were unlocked for $130 million, the rate almost does not react
🔸 Donald Trump earned about $500,000 on NFT collections
🔸 Coca-Cola has released an NFT collection on the Base network 🥤
🔹 Courses:
🌐 Bitcoin - $29,614 (↑1.12%)
📉 S&P 500 - 4,482 (↑0.41%)
🌕 Gold - $1,912 (↓0.02%)
⚫️ Oil Brent - $86.14 (↓0.50%)
The Hash Ribbons indicator gives a buy signal for the first time in a long time. It is based on the behavior of the miners, their possible capitulations and market sentiment.
In the last 3 years alone, he gave 4 BUY signals, of which only one was not successful. In other cases, traders could earn a decent percentage of profits. Therefore, it makes sense to add it to your watch list to assess the market situation. But of course, there are no guarantees of profit here. There are always many factors to consider.
$100k for BTC will solve all the problems of the market, but there are no buyers at the current rate and we continue to stand still 😕
The net is getting pissed off that Gary Gensler will never endorse a spot bitcoin ETF and can't even hope for it. And we didn’t really expect, this year for sure 😎
PayPal creates a cryptohub for a closed circle of users, where it will be possible to buy and sell cryptocurrency. If you already have your own stablecoin, then it’s a sin not to organize a crypto exchange for this business. Does the SEC know? 😇
The CEO of Coinbase complained about the "broken" application of his own exchange and promised to fix it. We are talking about functions for their Base blockchain, the application turned out to be inconvenient and does not cope well with a large number of users 😳
Curly Sam spends the night in jail for the third night in a row. A trifle, but nice 😁
🔹 Top 3 in 24 hours:
Hedera - $0.06416 (↑14.35%)
Frax Share - $6.73 (↑5.72%)
ApeCoin - $2.09 (↑4.74%)
✅ Bitcoin keeps the price above $29k, but buyers have no strength to move higher.
In such a market, anyone will go crazy, so the user nd4[.]eth just burned 2,500 ETH, as well as GMX, GNS and 4 NFT tokens for a total of $8.08 million 😱
Weekly digest:
💎 Cryptocurrencies
🔸 PayPal launches PYUSD stablecoin pegged to the dollar
🔸 Ripple joined the international payments group based on the Bank for International Settlements
🔸 Crypto project Aptos announced a partnership with Microsoft
🔸 San Francisco-based SoFi bank reports $170 million worth of cryptocurrency assets
🔸 Boyaa Interactive decided to buy BTC and ETH for $5 million
🏦 Crypto Exchanges
🔸 Crypto exchange KuCoin tightened verification: all users must pass facial recognition
🔸 Binance received a license to operate in El Salvador
🔸 Bankrupt Former Exchange CEO Curly Sam is Back in Jail for House Arrest Violations 🚓
🔸 Crypto exchange Bittrex will pay the SEC a fine of $ 24 million for operating in the US without a broker's license
🪙 Financial news
🔸 US inflation rose from 3% to 3.2% in July
🔸 China records deflation for the first time in 2 years
🔸 Ukraine's gold and foreign exchange reserves hit an all-time high of $41.7 billion
🔸 The Central Bank of the Russian Federation does not see risks to financial stability due to the depreciation of the ruble. Meanwhile, the ruble is already at 99 for $1
⚖️ Regulation
🔸 The SEC has postponed a decision on the application for a spot bitcoin ETF from ARK Invest.
🔸 The SEC launched an appeal process against the court decision in the case against Ripple
🔸 The Fed required banks to obtain permission to work with stablecoins
🔸 The Parliament of Ukraine adopted a law on “digital things”, which brings all kinds of digital assets into civil law 🏛
⚙️ Technology
🔸 New CEO X (Twitter) announces video calling platform
🔸 Visa has completed testing the payment of commissions on the Ethereum network with fiat directly from the card
🔷 Courses:
🌐 Bitcoin - $29,386 (↓0.01%)
📉 S&P 500 - 4,464 (↓0.11%)
🌕 Gold - $1,913 (↑0.06%)
⚫️ Oil Brent - $86.57 (↑0.27%)
Top 3 ways to hack a BTC wallet and how to protect yourself from it 🧐
Even if you split the seed phrase into 5 parts and buried it in different parts of the world, your wallet is still vulnerable and here is how a hacker can find out private keys:
🐟 Phishing. The easiest way to find out the seed phrase is to ask it. To do this, hackers send emails ostensibly on behalf of hardware wallet developers, release fake crypto wallet updates, or create sites that require a seed phrase to connect to.
New ways of phishing are constantly appearing, so as not to become a victim of it, never tell anyone your seed phrase, even if Satoshi Nakamoto himself writes to you.
⚙️ Stitched hardware wallet. Such devices are highly reliable, but there is a nuance. You can only use a completely new wallet from the official manufacturer. If a hacker gets access to the device before you, he will generate the keys himself and then just wait for you to top up the balance.
Never use used hardware wallets and you must be 100% sure that you bought the original device.
🛑 Scam sites to generate keys. In fact, this is another phishing method, but here the hacker does not steal your key, but simply generates it for the user using his own website. And then it waits for funds to appear on the wallet and withdraws them.
Do not use third party sites to generate keys, do it only in the wallet app.
200 🐳 and continue to analyze the topic of hacking crypto wallets.
Save and tell a friend 😉
USDT is recovering its positions in the crypto market. Their share among other stablecoins has set a new record. Among the reasons - the collapse of UST, USDC regulatory problems, etc. (Messari)
We decided to improve the format of the final weekly column and now it will be one post, in which we will analyze the top 3 events in the world of cryptocurrencies and finance.
Who got the new format - 🐳
💎 Cryptocurrencies
1️⃣ The SEC has delayed its decision on ARK Invest's spot bitcoin ETF application, which was fully expected and this was perfectly shown by the almost zero reaction from BTC. Applications from BlackRock and other companies are likely to meet the same fate, although individuals are trying to disperse the hype about a possible early approval.
Almost objectively, Michael Novogratz is looking at the situation, who is waiting for the approval of the ETF from BlackRock in about six months. But there may be more, because the SEC has such an opportunity to delay the decision for almost a year, and at first they will try to take full control of the crypto market. And only then to announce native 🤑
2️⃣ PayPal has launched a dollar-pegged PYUSD stablecoin on the ETH network. In his code, they very quickly found the wallet freezing function, which USDT and USDC also have, otherwise they would have been closed long ago. Banks promise success to the new stablecoin, and the Fed even obliged them to obtain a license to work with such assets.
There is a lot of attention to PYUSD, but so far this was only enough to distract everyone from USDT, and how Changpeng Zhao is trying to swing it with the support of Justin Sun 👀
3️⃣ The SEC has launched an appeal process against the court decision in the case against Ripple. Without further ado, Gensler won't let go of XRP just like that, so we just collect more popcorn 🍿
🪙 Financial news
1️⃣ Inflation in the US rose from 3% to 3.2% in July. The Fed regularly warned about something like this, so the market was ready and corrected only slightly.
The Fed is known to lie about a soft landing before every recession, but so far they are believed. This "for now" may end in September when the inflation data comes in and if it shows a new growth trend 😬
2️⃣ The ruble is one step away from 100 for $1, but the Central Bank of the Russian Federation does not see this as a problem.
The weak ruble is really not a problem for the Central Bank and a great joy for the Ministry of Finance and its deficit budget. But still, they will make some attempts to put on the brakes in order to preserve the image of the authorities, for example, the Central Bank will stop buying foreign currency under the budget rule from August 10 until the end of the year.
In a good way, it would be possible to strengthen the ruble - by killing the demand for the currency, that is, again introducing draconian restrictions on the withdrawal of capital from the country. But the Central Bank and the Ministry of Finance will not play against their own, it’s better for the media to once again talk about the growth of the economy in spite of the sanctions 😁
3️⃣ China recorded deflation for the first time in 2 years. And in general, the economy of the Celestial Empire is based on closed statistics and the iron word of Xi Jinping, and only echoes of real financial problems reach us.
And who, one asks, will now save the world from recession if the Fed still breaks the US economy? Definitely not China, but no one else... 😳
results of the week
✅ SEC, what a surprise (no), postponed the decision on the application for a spot bitcoin ETF from ARK Invest.
But Elon Musk confirmed the fight with Zuckerberg and promised an epic fight venue in Italy 🥊
Friday news:
🔸 Crypto exchange Bittrex will pay the SEC a fine of $ 24 million for operating in the US without a broker's license
🔸 The US Department of Defense has begun work on creating its own AI. Just don't call it Skynet... 🤖
🔸 The Central Bank of the Russian Federation does not see risks to financial stability due to the depreciation of the ruble. Meanwhile, the ruble is already at 99 for $1
🔸 Google began blocking corporate Workspace services for sub-sanctioned Russian companies
🔸 Digital Currency Group demands to dismiss the claim of the Gemini exchange about the debts of their subsidiary Genesis. They say they didn't know anything
🔸 Visa has completed testing the payment of commissions on the Ethereum network with fiat directly from the card
🔸 New CEO X (Twitter) announces video calling platform
🔸 The Worldcoin crypto project has offered a WLD token reservation function for those wishing to undergo an eye scan in the future
🔸 The madman nd4[.]eth sent GMX, GNS and 4 NFT tokens worth $3.58 million to the burning address 😱
🔸 Boyaa Interactive decided to buy BTC and ETH for $5 million
🔸 Argentine authorities launched an investigation against Worldcoin
🔹 Courses:
🌐 Bitcoin - $29,327 (↓0.33%)
📉 S&P 500 - 4,470 (↑0.03%)
🌕 Gold - $1,913 (↑0.06%)
⚫️ Oil Brent - $86.67 (↑0.37%)
✅ 90.5% chance that the Fed will leave the rate unchanged in September.
But remember that before the meeting on September 20, there will still be the publication of inflation data for August 🤔
Thursday news:
🔸 The SEC launched an appeal process against the court decision in the case against Ripple
🔸 US inflation rose from 3% to 3.2% in July
🔸 The Parliament of Ukraine adopted a law on “digital things”, which brings all kinds of digital assets into civil law 🏛
🔸 The US has introduced new restrictions on investment in China, they will start working from next year
🔸 San Francisco-based SoFi bank reports $170 million worth of cryptocurrency assets
🔸 Ripple joined the international payments group based on the Bank for International Settlements
🔸 Ukrainian monobank refused to add BTC payments due to possible problems with regulators 😡
🔸 Moody's Downgrades Chinese Developer Country Garden After Missing Bond Payments
🔹 Courses:
🌐 Bitcoin - $29,410 (↓0.52%)
📉 S&P 500 - 4,476 (↑0.20%)
🌕 Gold - $1,914 (↑0.00%)
⚫️ Oil Brent - $86.26 (↓1.24%)
https://namars.com/?r=ciQfx
Watch video and earn
✅ Long live the negative correlation: BTC is rising against the backdrop of a decline in the S&P 500 😎
Investors in the stock market were frightened by Moody's, which intends to downgrade a number of American banks.
Tuesday news:
🔸 Freeze and reset wallet functions found in PayPal stablecoin code
🔸 A trader lost $2 million trading shieldcoins and meme tokens 🤦♂️
🔸 At the end of July, the budget deficit of the Russian Federation amounted to 2.81 trillion rubles
🔸 SEC Fines Wells Fargo, BNP Paribas and 9 Other Financial Institutions $289 Million for Violating Work Correspondence Rules
🔸 Binance received a license to operate in El Salvador
🔸 Bloomberg: 97 out of 700 operating crypto funds have closed since the beginning of the year
🔸 Study: Popular P2E Token Trading Volume Drops 98% From 2021 Peaks 💀
🔸 Crypto exchange Blockchain com received a license in Singapore
🔹 Courses:
🌐 Bitcoin - $29,900 (↑2.46%)
📉 S&P 500 - 4,496 (↓0.50%)
🌕 Gold - $1,925 (↓0.57%)
⚫️ Oil Brent - $86.15 (↑0.40%)
The FUD around Tether is still unabated. This time, Forbes, in another article, said that the company's inability to announce second-quarter net income was confusing. However, reported operating income is significantly lower than net income for the previous quarter.
The USDT rate is no longer pegged to the dollar 1 to 1, but the depeg is minimal. It's amazing how the market doesn't react to all the negativity like it's being artificially held back.
The reserves of Binance are just heaps. According to the latest exchange report, all user assets are backed by more than 100% 💰
We also learned from the Binance report that the BTC rise from $20k to $30k in March could have been triggered by the actions of the exchange, because it converted $3.5 billion in USDC into BTC and ETH after the collapse of the Silvergate bank. Maybe they will buy something else, otherwise traders all dream of $32k 🤗
Justin Sun has deposited $200 million in USDT on Huobi. While the exchange is being saved, maybe even saved. Huobi herself claims that everything is FUD and they are doing well 🤷♂️
The new stablecoin from PayPal will have full KYC, is tied to a PayPal account and any transaction can be canceled. It is not clear how they will do the cancellation of transfers, most likely, we are talking about blocking wallets. And what are the commissions of the ether... 😁
Also, more than 30 meme and just scam tokens on the theme of PayPal USD have already been released 🤦♂️
🔹 Top 3 in 24 hours:
Algorand - $0.1162 (↑5.15%)
Hedera - $0.05824 (↑4.90%)
eCash - $0.00003059 (↑3.04%)
The Bitcoin annual chart clearly demonstrates the pattern that after a losing year, three profitable ones follow.
2023 is still going with a result of +77% and, in principle, we can assume that the norm has already been met. But the next two years promise to be very profitable, including thanks to halving.
✅ Bitcoin continues to suffer due to FUD, this time the price was crushed on rumors of CZ Binance manipulation of USDT and USDC.
Elon Musk announced that there will be a fight with Zuckerberg and it will be shown live on Twitter. Hurry up 🍿
Monday news:
🔸 PayPal launches PYUSD stablecoin pegged to the dollar
🔸 Ukraine's gold and foreign exchange reserves reached an all-time high of $41.7 billion 💰
🔸 Crypto exchange KuCoin tightened verification, now all users must pass facial recognition
🔸 Research: Last week, the outflow of funds from crypto funds increased to $111 million
🔸 HODL: long-term bitcoin investors control 14.599 million BTC or 75% of all coins
🔸 Elon Musk's Neuralink has received $280 million in funding from the Peter Thiel Foundation and others. The PayPal Mafia in action...
🔸 User nd4[.]eth sent 2,500 ETH ($4.5 million) to the burn address 😱
🔸 Users took $54 million from Huobi crypto exchange after rumors of possible insolvency
Worldcoin warehouses raided in Kenya
🔹 Courses:
🌐 Bitcoin - $28,852 (↓0.66%)
📉 S&P 500 - 4,507 (↑0.65%)
🌕 Gold - $1,935 (↓0.33%)
⚫️ Oil Brent - $85.76 (↓0.31%)
Copy trader lost 800 ETH ($1.4 million) on NFT 🤯
On the Blur NFT marketplace, it is possible to place orders for rare NFT signs. For such actions, users receive points, which in the future are converted into Blur tokens.
Popular Twitter user HanweChang noticed that some large anonymous wallet was copying his trades, earning points, but not buying NFTs.
HanweChang decided to cheat and punish this copy trader. He first bought plain Azuki NFTs with a white background and then over-bid them at 50 ETH apiece (very expensive).
When the copy trader repeated these trades, HanweChang sold him all of his white-backed Azuki at inflated prices.
As a result, the copy trader lost about 800 ETH and started asking HanweChang for a refund, offering 80 ETH as a reward.
Traders take comfort in the fact that we are in the accumulation phase of a late bear market. That is, you should not wait for a collapse, but we can also bargain sideways for a very long time 😕
The situation with the Huobi crypto exchange has not cleared up, and we still do not know what is really happening. But just in case, users took $54 million 🙃
John Musk noticed that Twitter (aka X) would never upload the cryptocurrency. Anats DO NOT LIVE long, calm down and wait for Ilonen to simply integrate the dog 😊
Black stream CEO Adam Blank spent 0.01 BTC on the fact that before carving in March 2024, the Bitcoin rate will earn $ 100 thousand. What if... 🙄
Demi Curve Finance increased $1.85 million in profits for the data of a hacker who hacked the channel. He promised to return 90% of the stolen funds, but sent only a part and disappeared. Will search 🧐
🔹 Top 3 in 24 hours:
Bitcoin Cash - $239.89 (↑5.95%)
Dash - $32.95 (↑4.90%)
Algorand - $0.1105 (↑2.75%)
✅ The S&P 500 lost 2% in a week, and bitcoin practically remained in place.
From the unusual: Biden turned on laser eyes, deciding to play with the crypto community with his old meme 😁
Weekly Digest:
💎 Cryptocurrencies
🔸 MicroStrategy bought another 467 BTC and now they have 152 800 BTC
🔸 Litecoin halving took place, the rate was lower than 4 years ago
🔸 Six financial companies have filed applications with the SEC for an Ethereum futures ETF
The Sandbox cryptoproject introduces verification for the staking of its own SAND tokens
🏦 Crypto Exchanges
🔸 The plan to restart the bankrupt FTX exchange has been published
🔸 The WhiteBit exchange has launched its own WB Network blockchain
Justin Sun spoke about the unprofitability of the Huobi crypto exchange over the past 4 quarters. And now there are disturbing rumors on the web 😬
🔸 Accused of laundering cryptocurrency stolen from the Bitfinex exchange in 2016, pleaded guilty
🔸 Coinbase reported a loss in the second quarter of 2023 in the amount of $97 million
🪙 Financial News
🔸 Fitch has announced a downgrade of the US credit rating to AA+
🔸 The Bank of England raised the rate to 5.25%, the highest level since 2008
🔸 Inflation in the Russian Federation returned to growth and reached 4.4%, the ruble at the moment fell to 96 for $ 1
OPEC+ left oil production quotas unchanged, Brent exchange rate reached $86
⚖️ Regulation
The SEC sued Richard Hart, founder of the HEX, PulseChain and PulseX crypto projects
🔸 The British fintech company Revolut stops trading cryptocurrency in the USA
🔸 The Ukrainian authorities have closed the network of BTC exchangers connected with Russian payment systems
🔸 The Kenyan authorities have banned the activities of the Worldcoin crypto project
🔸 The SEC froze the accounts of the mining company Digital Licensing and accused the management of fraud 🥶
⚙️ Technology
🔸 MEDIA: Meta will launch its own chatbot with AI
🔸 Iraq has blocked the work of Telegram because of the threat to national security
🚨 Hacks
The Bald meme token on the Coinbase network turned out to be a scam, the creators withdrew liquidity and appropriated $ 23 million
DeFi Curve Finance hacked for $47 million. The hacker promised to return 90% of the funds
🔸 The LeetSwap DEX exchange on the Coinbase blockchain has stopped working due to hacking
🔷 Courses:
🌐 Bitcoin - $29 061 (↑1,04%)
📉 S&P 500 - 4 478 (↓0,53%)
🌕 Gold - $942 1 (↑0,44%)
⚫️ Oil Brent $86,02 (↑0,94%)
FUD around the Huobi exchange was spread by a well-known analyst
Adam Cochran. Based on the data on the volume of USDT on the balance sheet, he states that the exchange is already insolvent. At the moment, she has 10 times less funds than her obligations to clients. At the same time, the USDT balance continues to decline.
Against the background of news from Justin Sun that Huobi has been unprofitable for many months, this is quite possible. The situation with their native HT token also highlights the distrust of investors. Therefore, it is advisable to reduce positions on this exchange at least to some reasonable limits.
Is Huobi exchange insolvent? USDT end? 😱
Adam Cochran, an experienced business development leader for many crypto projects, shared his thoughts on Tether (USDT) and Huobi.
👀 Briefly about the main thing:
1. Huobi executives are summoned for questioning by the police.
2. Suspicious changes in Huobi balances and the launch of stUSDT under the supervision of Justin Sun.
3. Crypto exchange Binance was the first to identify such risks.
4. Justin Sun makes false claims. Approximately 98% of all stUSDT tokens are in his possession.
5. Huobi has assets of only $90 million, while exchange users have more than $631 million.
6. Crypto exchange will not be able to resist the mass withdrawal of funds.
7. CZ from Binance found out about everything and began to massively exchange USDT for DAI, which caused the USDT rate to lose its peg to $1.
Justin Sun responded with a 4 (like CZ does on FUD) and a Houbi rep replied that it was just a rumor.
Rumor or truth?
The hacker who hacked $47 million worth of DEX Curve Finance stablecoin pools on July 30 returned some of the funds.
At the moment, he transferred back the cryptocurrency in the amount of more than $22 million. As a result of the hack, the CRV token lost about 30%. Now the asset has begun to recover, a significant part of the fall has been won back.
Berkshire Hathaway's cash hoard reaches record $147.4 billion 💰
Buffett is in no hurry to buy the rising S&P 500, considering current prices unsuitable for a trade.
At the same time, Berkshire is buying short-term US Treasuries for 3 and 6 months for $10 billion and plans to take more 🤔
✅ On August 9, Coinbase will officially launch its own Base blockchain.
Base network users are already looking forward to the distribution of the token, but there have been no announcements about this 🫤
Thursday news:
🔸 Crypto project Sandbox introduces verification for staking of its own SAND tokens
🔸 Binance reaches 150 million users 😱
🔸 The Bank of England raised the rate to 5.25%, the highest level since 2008
🔸 Six financial companies filed applications with the SEC for a futures ETF on Ethereum
🔸 Binance FUD: The US Department of Justice specifically does not file a fraud charge against the exchange, fearing its collapse
🔸 Inflation in Russia returned to growth and reached 4.4%
🔸 PayPal shares plunged 11% due to declining business margin data
🔸 Justin Sun spoke about the unprofitability of the Huobi crypto exchange over the past 4 quarters 😳
🔸 WhiteBIT exchange launched its own blockchain WB Network
🔹 Courses:
🌐 Bitcoin - $29,329 (↑0.26%)
📉 S&P 500 - 4,511 (↓0.04%)
🌕 Gold - $1,932 (↓0.09%)
⚫️ Oil Brent - $85.17 (↑2.09%)
Sandbox introduces KYC for staking 😡
Users of the Sandbox metaverse who wish to stake SAND tokens will now need to be verified. The project went for it so that there would be no problems with the regulators.
Those who do not pass verification can safely withdraw tokens from staking. But now add new SANDs to staking and receive rewards every week only after KYC.
Ethereum staking will also soon be on the passport? 🥴
❗️The US Department of Justice decided to “congratulate” the Binance exchange on reaching the 150 million mark among customers in a special way.
In particular, they are considering alternative options instead of filing charges of fraud, as this can cause a panic in the market and the flight of all customers. An alternative measure could be a fine or a non-prosecution agreement.
Inflation in Russia returned to growth and reached 4.4% 💸
Inflation will continue to rise due to the weakening of the ruble, today it has already reached 94.5 rubles. for $1.
Meanwhile, the Central Bank of the Russian Federation presented the digital ruble logo and spoke about the start of its testing in August.
P.S. Riddle: where is the official logo of the digital ruble in the picture below, and where is its improved version from the network.
✅ S&P 500 adjusts after Fitch announces downgrade of US credit rating to AA+ 😳
Bitcoin also almost nullified the night pump. The correlation with the S&P 500 on the fall has not disappeared anywhere ...
Wednesday news:
🔸 MicroStrategy bought another 467 BTC and now they have 152,800 BTC
🔸 Litecoin halving took place, the rate turned out to be lower than 4 years ago 🙃
🔸 Binance FUD: China accounts for 20% of the exchange's trading volume
🔸 FUD from Binance: Changpeng Zhao doubts the reliability of USDT stablecoin
🔸 The ruble fell to 94 for $1 for the first time since March 2022
🔸 Judge in Terraform Labs declines to consider Ripple v. SEC ruling
🔸 The Ukrainian authorities announced the loss of $ 81 million in taxes that crypto exchanges did not pay 🤨
🔸 The Kenyan authorities banned the activity of the Worldcoin crypto project
🔹 Courses:
🌐 Bitcoin - $29,100 (↓2.03%)
📉 S&P 500 - 4,523 (↓1.17%)
🌕 Gold - $1,937 (↓0.34%)
⚫️ Oil Brent - $82.82 (↓3.40%)
The future is near: a refrigerator in China sells drinks, and you can pay with a face scan 👀
But there is a nuance, if your social rating is below 350, you can go to trade with your face in another place, but drink from a puddle, because the payment will not go through.
✅ Bears pushed bitcoin to $28,600, but now the buyback is underway and the price is again above $29k 🎢
Tuesday news:
🔸 Plan to restart bankrupt FTX exchange published
🔸 Tether bought $167 million worth of BTC in Q2 2023
🔸 LeetSwap DEX exchange on the Coinbase blockchain stopped working due to a hack 🛑
🔸 Financial companies BlackRock and MSCI came under congressional investigation due to investments in China
🔸 In the US, they thought about taxing income from staking cryptocurrencies
🔸 Media: Meta will launch its own AI chatbot
🔸 The Ukrainian authorities closed the network of BTC exchangers associated with Russian payment systems 🚓
🔸 Reuters: Germany investigates Worldcoin crypto project
🔸 Ukrainian crypto bank Trustee Plus has issued a payment card in the Mastercard network
🔹 Courses:
🌐 Bitcoin - $29,212 (↓0.06%)
📉 S&P 500 - 4,578 (↓0.22%)
🌕 Gold - $1,944 (↓1.06%)
⚫️ Oil Brent - $84.85 (↓0.54%)
Curve Finance on the brink of collapse 🤔
The creator of Curve Finance, Mikhail Egorov, is selling CRV tokens on the OTC (over-the-counter) market at $0.4 to Justin Sun and others at a real exchange rate of $0.6. The current amount of transactions is $11.7 million.
Egorov does this to avoid being declared bankrupt on $100 million in personal debt he secured with CRV tokens.
The scheme is excellent, as the founder of the project, he actually received CRV tokens for free, took $100 million for them through various DeFi loans and bought himself a very real mansion in Australia for $40 million. But after the Curve Finance hack on July 30 for $47 million, the CRV token exchange rate in moment fell by 34% and this put Egorov's DeFi loans on the brink of liquidation.
Current actions indicate that Mikhail Egorov is looking for ways to avoid liquidation on personal debts, which has a positive effect on the CRV rate.
I wonder what Justin Sun will do: save Curve Finance or make money on the difference in buying between the market price and OTC 😇
@d12321
