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DeFi - news, reviews, articles

Crypto heater Peter Schiff expects bitcoin to fall soon 🤯

He believes that the recent growth of BTC to $31k is a harbinger of the future collapse of risky assets.

On March 10 this year, Peter Schiff also predicted the collapse of BTC and advised to buy gold. Since then, the first cryptocurrency added 51%, while gold (taking into account the correction) gained as much as 2.77%.

Schiff also discouraged everyone from buying BTC at $3,800 in the fall of 2018 and expected it to continue falling to $750.

It never happened, and here it is again... 😁

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DeFi - news, reviews, articles

Binance US hired former SEC enforcement co-director 🤔

The war is not over yet...

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DeFi - news, reviews, articles

Owners of ethers are actively withdrawing them from cryptocurrency exchanges this week, which is probably a reaction to fresh SEC lawsuits against Coinbase and Binance. Meanwhile, the number of coins on centralized trading platforms is already at historic lows.

According to analysts at Santiment, the exchanges now have only 9.47 percent of all ETH in circulation. Such is the case.

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DeFi - news, reviews, articles

The volume of trading on exchanges went down to the level of 2020 (The block). If it were not for the exchange bots, which create the appearance of active trading, we would have seen very deplorable figures. The only thing worse than the most powerful corrections in the market is a complete flat.

But this is an inevitable part of bitcoin macrocycle in particular and crypto market in general, which is only needed to drop off the extra players before further growth. Whoever can hold on will be rewarded, as usual.

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Binance suspends Multichain bridge deposits 👀

Rumors of Multichain's team being detained by Chinese police have surfaced online.

Multichain manages $1.5 billion in contract funds.

The MULTI token itself is down 40%...

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DeFi - news, reviews, articles

Tornado Cash was hacked this morning ❗️

The attacker gained access to a huge amount of tokens. Due to the attack, deposits on exchanges were closed and the token dropped by 50%.

People tried to arbitrage with the Torn token, but many failed, and their accounts on some exchanges were blocked.

But there are those who have made tens of thousands of dollars...

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Breaking: Binance Brings Back Zero-Fee Trading For Bitcoin, SHIB, PEPE, Other Crypto

https://bit.ly/3pSuVnF

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DeFi - news, reviews, articles

Tether holds $1.5 billion in BTC 👍

According to Tether's Q1 2023 report, they made a net profit of $1.48 billion. During that time, USDT's capitalization increased from $66 billion to $81 billion.

Tether also disclosed the structure of its reserves, most of which are in U.S. Treasury bonds. But also about $3.3 billion is in precious metals, and $1.5 billion is invested in bitcoin.

And how much money in BTC is held by the USDC... none? 🤔

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DeFi - news, reviews, articles

Almost all tokens in the BRC-20 network show growth of hundreds of percent in the last couple of days 😱

So much for Bitcoin tokens...

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PEPE meme coin and the rise of ETH 🚀

PEPE token traders have spent about 5,300 ETH on commissions (burned) in the last 3 weeks, which is about $10 million.

Meanwhile, ETH is up 10% in the last few days 📈

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DeFi - news, reviews, articles

AiDoge updated historical highs 😅

The meme coin on Arbitrum, updates historic highs.

The drop we were getting two weeks ago is now worth over $400 instead of $30...

Let me remind you that not everyone could get the tokens, but only those who got the drop from Arbitrum, so - No FOMO.

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DeFi - news, reviews, articles

👉 Ethos Reserve and Optimism Foundation Partner to Incentivize DeFi Adoption on Layer 2 Network
🔗 https://theblockopedia.com/ethos-reserve-and-optimism-foundation-partner-to-incentivize-defi-adoption-on-layer-2-network/?utm_source=telegram&utm_medium=CryptoCoinPostICO

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Breaking: Amazon NFT Marketplace Launch Delayed

https://bit.ly/41VckFb

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👉 DeFi Education Fund and Blockchain Association Back Tornado Cash Amid Legal Battle - The Blockopedia

🔗 https://theblockopedia.com/defi-education-fund-and-blockchain-association-back-tornado-cash-amid-legal-battle/

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DeFi - news, reviews, articles

Traders risk charting how BTC will soon reach a price of $35k and even $40k 🤑

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The total market capitalization of the five largest stabelcoins sagged by $10 billion in 2023. The situation was not saved even by the growth of popularization of USDT (green) from Tether, the corresponding figure of which at the moment grew by as much as 17 billion since the first of January.

The reason for the collapse of the amount is the problems with the regulators. Recall, the issue of BUSD (yellow) was banned by the SEC, well, the problems of USDC (blue) from Circle started after the collapse of Silicon Valley Bank, where the company had 8 percent of its token security stuck for a couple of hours.

Here's an illustration of the situation from Glassnode.

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DeFi - news, reviews, articles

Binance Australia Users Selling Bitcoin (BTC) A$9000 At Discount, Know Why

https://bit.ly/42bOEvV

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🎉 We have started our new trading community on Telegram! 📈📊

LINK👉/channel/+H5BtIGHqVgk0MzE9

Join us to connect, learn, and grow together as traders.

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DeFi - news, reviews, articles

Here is a comparison of Circle's USDC (left) and Tether's USDT (right) steblecoin collateral structure. As you can see, most of the reserves of both tokens are in US Treasury securities or Treasury Bills.

At the same time, USDC is also backed by cash, while the value of USDT is supported by gold and Bitcoin, among others. Here is a detailed comparison from Kaiko.

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DeFi - news, reviews, articles

Biden's optimism on the debt ceiling and JPMorgan's expectation of a Fed rate cut this fall: put stock and cryptocurrency markets back in the green zone. As of this morning, though, the pep talk began to wane, with the likelihood of another Fed rate hike in June raised to 25%. "I'm having vague doubts again 🤔

Binance started to be squeezed out of Australia, local banks no longer serve transactions in Australian dollar 🦘

The SEC finally broke down and reclassified Filecoin cryptocurrency as a security, as revealed in Grayscale's application to open a new trust. With cases like this, you start cheering for Ripple in court against the SEC 😕

By the way, Ripple is waiting for important SEC documents to be disclosed in court on June 6. Maybe a pamp...? 🤑

Better Than Nothing: Who got caught in Voyager's bankruptcy can only get 35.7% of funds back 🥺

🔹 Top 3 in 24 hours:
Render Token - $2.34 (↑19.11%)
Synthetix - $2.39 (↑7.49%)
Mask Network - $4.33 (↑7.38%)

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DeFi - news, reviews, articles

👉🏼Binance Accused of Dodging Russian Sanctions While CEO CZ Remains Silent👇👇https://theblockopedia.com/binance-accused-of-dodging-russian-sanctions-while-ceo-cz-remains-silent/?utm_source=Telegram&utm_medium=DeFi+-+news%2C+reviews%2C+articles&utm_campaign=traffic/

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Breaking: Binance Announces SUI, FLOKI, PEPE Trading At Zero Fees

https://bit.ly/3B1SrRx

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DeFi - news, reviews, articles

Only recently we have seen a series of bankruptcies of several banks, and today this list is joined by two more - Western Alliance and Pacwest. At the same time, it is quite obvious that several more banks are having very critical problems that are very likely to lead to closure.

In this context, bitcoin is back on the agenda. Of course, no one is going to run to shelter their money in bitcoin in a moment. But the fact remains that VTC was conceived as a means to combat inflation and to give their money to third parties for safekeeping. And the more bankruptcies there are, the higher inflation in traditional currencies, the more attractive the main cryptocurrency will become. And this, in turn, will create the potential for another rise in X's🚀

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DeFi - news, reviews, articles

Media: First Republic Bank is about to be declared bankrupt 😱

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Top 10 blockchains by the average number of daily active users in 7 days 📊

1. Tron - 1.66 million addresses.
2. BNB Chain - 1.13 million.
3. Bitcoin - 659 thousand.

And closes the trend Near, which settled in last place 🥲

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CoinShares: BTC funds lost $53 million 👀

Last week, institutionalists were impressed by the bitcoin correction and rushed to withdraw $53.1 million from the funds linked to it.

Interestingly, almost no one bet on shorting BTC in the process. But in the Ethereum update institutionalists believed in it and invested almost $17 million in it.

Total: minus $30.4 mln for the last week, after four weeks of inflow of funds to crypto funds 🐹.

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Top 10 crypto projects with the highest valuation in recent times 📊

1. LayerZero with a valuation of $3 billion.
2. Scroll, valued at $1.8 billion.
3. Ledger - $1.40 billion.

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DeFi - news, reviews, articles

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