❗️The Fed Total Assets (updated weekly Wednesdays) has just been released.
It is up 392 billion since March 8th, and 95 billion since March 15th.
It's last day to decrease was March 8th.
🤝 @Cryptocurrency_Inside ✅
📆 Global crypto headlines of the day:
🛑OpenAI is working on implementingng third-party plugins into GPT-3.
🛑The Central Bank of the UAE has begun implementing its CBDC strategy.
🛑Coinbase will stop supporting Algorand (ALGO) stakinonom March 29.
🛑Users have already received almost 60% of the Arbitrum airdrop.
🛑Avalanche protocol nodes were offline for several hours.
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Breaking: Terraform Labs co-founder Do Kwon reportedly arrested in Montenegro
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📆 Global crypto headlines of the day:
🛑NFT marketplace Magic Eden launches support for Bitcoin Ordinals.
🛑Blockchain SUI (a competitor to Aptos) plans to enter mainnet in the second quarter of this year.
🛑ARK Invest sold 160,000 shares of the Coinbase exchange for a total of $13.5 million, following a recent series of purchases.
🛑Polygon announced a partnership with Korean game developer Nexon.
🛑At the Paris Blockchain Week conference, Tim Draper performed a song dedicated to Bitcoin.
🤝 @Cryptocurrency_Inside ✅
BREAKING: 🇺🇸 Federal Reserve raises interest rates by 25 basis points
🤝 @Cryptocurrency_Inside ✅
📜 The Fed to announce a new interest rate today at 1 pm EST
A "hot" press conference will follow 30 minutes later, potentially charting the course for Bitcoin's future direction.
💬 Anticipated to go up by 25 basis points, this hike could mark the final increase of the year. The decision is driven by the recent banking collapse, which has made it difficult for the Fed to make a more aggressive move.
💭 Meanwhile, some "crazy" folks believe that the interest rate should be significantly lowered instead. If the Fed decides that it's time to ease up, then Bitcoin could certainly skyrocket.
However, traders are advised to exercise caution and avoid making any deals, as manipulators may hit stop losses for both buyers and sellers.
🤝 @Cryptocurrency_Inside ✅
EQUOIA CAPITAL CRYPTO PORTFOLIO 💰
In today's post about DYOR, we wrote about fund analysis. Here is one of the big funds, which participates only in strong and promising projects.
Sequoia Capital is a legendary venture capital fund that invests in startups from a variety of industries. However, special attention is paid to sectors:
- Energy
- finance and financial services
- healthcare
- medicine
The company was founded on November 1, 1972. The funders are Aadit Palicha, Don Valentine and W. M. Coughran.
➡️️ The fund's most significant investments by year:
- 1970s-1990s: Apple, Google, Nvidia, Webvan.
- 2000s: Airbnb, YouTube, ServiceNow, Unity Technologies.
- 2010s: 23andMe, StarkWare Industries, Klarna, Nubank, Snowflake, WhatsApp, Meituan, Dropbox , ByteDance.
- 2020s: BitClout, Bolt, FTX, Wiz, Loom, Shein.
😀 It is important to understand that Sequoia is not one fund. A fund for Israeli startups, Sequoia Capital Israel, was created in 1999. Also, Sequoia Capital China was founded in 2005, followed by Sequoia Capital India. And the main fund, Sequoia Capital, mainly invests in American companies.
Sequoia Capital China is currently raising about $9B for 4 new funds that will focus on supporting fintech and crypto startups in China.
😀 The first investment in the cryptocurrency sector was made on October 21, 2013 in the BIT Mining project.
Cryptocurrencies and blockchain are far from the fund's main investment area, but they invest in this sector on a regular basis.
🟠In the new infographic you can check out Sequoia Capital's crypto portfolio.
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⚡️In the $26,760 - $27,570 price range 278,000 BTC (283,000 addresses) were bought, which is one of the biggest purchases in a while
One of the most important resistances waiting for us is the $27.640 - $28.600 price range. 314,000 BTC💰 (615,000 addresses) were bought in this range, which is the second major resistance area after the $31,000 - $32,500 area📁
💭Now the market is frozen in anticipation of tomorrow's U.S. Federal Reserve meeting and interest rate decision
🤝 @Cryptocurrency_Inside ✅
#FOMC Wednesday update
🔠24% chance for no rate hike
🔠76% chance for a 25 BP rate hike
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🥇 Bitcoin app downloads increasing.
Bank 🏦 app downloads decreasing.
🤝 @Cryptocurrency_Inside ✅
💵 Credit Suisse Employees to get a bonus Amidst Bank's Troubles
Yes, you got that right. Not a thrashing, not fines - yet bonuses.
📆 The management of the trouble-plagued Credit Suisse has written a letter to its employees, urging them not to worry: all bonuses will be paid by March 24th. There are no plans for salary cuts or layoffs.
On the one hand, it is unquestionably good that senior management is accepting full responsibility in such a difficult and ambiguous issue, rather than shifting it to the workforce. However, it wouldn't come as a shock if these individuals themselves end up receiving the full extent of bonuses for their own.
Welcome to fiat banking, son.
🤝 @Cryptocurrency_Inside ✅
How not to get caught by scammers? 😱
⠀
On the first part of the safety guide you put a lot of reactions. We heard you and prepared the second part. If you have any questions, feel free to ask them in the comments. We will answer all of them.
1️⃣ Personal messages
When you fill out forms to get into Whitelist, or even just following the project, you join official Telegram and Discord groups (other social networks are also possible) and then suddenly you get a personal message that "you won" or "you were selected" or shortly before the token is put on the market, you may receive a message with a token contract.
100% it will be scammers. They monitor users who joined groups and start sending personal messages.
Never follow links from private messages, don't reply to them and delete/block the chat immediately so as not to lose your funds.
You can minimize the appearance of such messages through the security settings in the app:
• In Telegram, we recommend banning them from adding you to groups.
• Discord has a feature to prohibit private messages.
Don't be afraid to close and delete private messages from unknown contacts, because administrators of the projects you follow will never write to you first.
2️⃣ Email
Sometimes you may get a message about a prize or some other information from the project to your email.
The first thing you should do is to check the sender of the message. In 99% of cases they will say through their official media that they send out a mail to the users and they will say which e-mail it should come from.
Also we want to warn you against downloading any files from e-mails of unknown senders, even text ones, as it can cause installation of malware.
3️⃣ Fishing
Phishing sites are quite common.
These are copies of project sites, games or entire exchanges, by connecting to them or by signing a contract you can lose your funds. Don't be a "fish".
You may be wondering, how do you know the official channel of a project?
• First, when publishing information on the channel, we always attach links to the site/channel or other official source.
• Second, you may also find the links you need on aggregator sites like CoinMarketCap or CoinGecko (if the project is already launched, the token contract address is also available there).
4️⃣ OTC
When you got in the whitelist of any project (or not), you may want to sell your purse or buy another one. To do this, we all use a kind of "markets" - OTC. But, as in any market, here too we will be expected by amateurs of profit. Guarantor can be in collusion with the seller, or the seller can write off your money from the purse purchased. There are many other situations that can arise and bring you a loss. We recommend using only verified OTC and always refer to guarantors and check if the guarantor mentioned in OTC matches with the person you are dealing with.
If you try to combine all of the above in one sentence in this section - check the sources of information very carefully. This will help you save your money.
❔ In the post, we mentioned a lot about Whitelist and OTC. Perhaps many of you do not fully understand what it is and how it works. Should I post on this topic?
👍 - Yes
👎 - No
🤝 Cryptocurrency Inside ✅ | Telegram | Chat | Partner
🥇 New Goldman Sachs research data shows bitcoin is the best market performing asset in the world this year!
🤝 @Cryptocurrency_Inside ✅
How do crypto projects make money? 💰
⠀
Blockchain projects have become a radically new "business model" that has enormous potential to change any industry. And for the investors attracted to the projects, it is the potential that will later be realized in the form of profit that is an important factor when investing funds. The question arises: thanks to what do cryptoprojects generate income?
➡️ Mechanism for receiving and distributing blockchain funds (using Ethereum as an example):
Ethereum, like most other blockchains, consists of a network of validators, smart contracts, and users. When a user interacts with the network, they pay a transaction fee, also known as a "gas fee." A fee, a certain portion of which is "burned off" and another portion is given to the validators.
➡️ Common metrics for most projects when calculating the financial part:
Fees (gas fees): these are fees that users pay for using a protocol or network (gas fees in Ethereum, transaction fees in Uniswap, etc.). The fees are distributed as follows:
- A portion is given to validators who help run the network (validators on Ethereum, liquidity providers on Uniswap, etc.).
- Some of the money goes back to the token holders (often through token burns).
- Another type of expense is the creation of new tokens, which are created and paid to validators or miners.
But if we look at projects like CEX/DEX, the list of revenue sources can add:
- listing fees;
- withdrawal fees;
- market making possibilities.
➡️ What kind of product do blockchains create?
The product of any blockchain is the individual blocks in which transaction data is stored. If you want to complete a transaction, you need to buy space on the next block in the chain.
Let's take bitcoin as an example. Bitcoin has a memory capacity of 1 MB per block. There are 500 to 2,000 transactions per block, with a minimum storage size of 258 bytes. And in order to make a bitcoin transaction, you buy a block in its blockchain.
➡️ Ethereum, on the other hand, has smaller blocks - up to 80 KB. Depending on its complexity, its block can store from 2 to 200 transactions. Ethereum is much faster: in 10 minutes it carries out 4 MB of transactions, while Bitcoin has only 1 MB. More transactions per hour = more revenue (i.e. commissions).
🟠In our new infographic you can see the ranking of projects by the amount of fees.
❔ You may have noticed that we make a lot of theoretical content. And now an important question: would you be interested in content about how you can make money in the field of cryptocurrencies?
👍 - Make theoretical / educational content
🔥 - Add content on earnings on the crypto
🤝 Cryptocurrency Inside ✅ | Telegram | Chat | Partner
The FED has started the money printing machine again! 🚨💸
The Fed added $0.3 trillion ($300 billion) in assets to its portfolio last week.
The last and only time they added a larger sum ($0.5 trillion) in a week was just after the COVID crash (March 2020) --> The price of bitcoin multiplied after that over the next 12 months by 15x.
🤝 @Cryptocurrency_Inside ✅
CATHIE WOOD‼️ 💰Bitcoin outperformed during the banking crisis because it has "no central point of failure."
🤝 @Cryptocurrency_Inside ✅
Tokenomics: what, where, and how? 📊
⠀
There have been requests to break down such a concept as "tokenomics." We heard you. Enjoy reading!
➡️ A combination of "token" and "economics," tokenomics is a general term to describe the supply and demand characteristics of crypto-token. This includes how and how much token is mined or created, how it is released, how it can be used, and how it is distributed. These elements determine the future prospects of the token and whether it will have a sustainable long-term development.
↪️ An example of token allocation from Arbitrum Tokenomics:
• 17.53% is allocated to Investors
• 1.13% is allocated to DAOs in Arbitrum Ecosystem
• 11.62% is allocated to Individual Wallets
• 42.78% is allocated to DAO Treasury
• 26.94% is allocated to Team and Future Team + Advisors
For long-term development, developers seek to implement an incentive mechanism to reward those who support the project and participate in its activities (Individual Wallets). This incentive mechanism can range from mining to stakes, liquidity rewards, and more. Whatever incentive mechanism is used, it is usually designed to work with the protocol so that participants actively engage with it as well as act with integrity. For example:
• Swap (exchanging one coin for another),
• adding liquidity to the pool,
• performing quests,
• buying/selling NFTs, etc.
Developers also pre-determine the supply of tokens, which can also have a huge impact on the price of a token. When a token is created, the project usually does not release all tokens to the market at once - a market filled with a bunch of tokens will negatively affect the price. So developers make a plan for how many tokens there will be and how they will go into circulation. For example, the total stock of bitcoins is 21 million coins, but they are slowly being released into circulation over time through mining.
➡️ Key components of tokenomics
Tokenomics includes several important factors that affect the value of a token both at launch and over time. Let's take a look at some of the key components that affect tokenomics.
1️⃣ Token supply
A simple supply and demand curve is one of the most important aspects of tokenomics. One of the reasons demand for bitcoin is so high is because there is a finite supply of bitcoins. The total supply of bitcoins is 21 million coins, which is why it is called "digital gold. Its finite supply creates a scarcity that theoretically drives demand.
2️⃣ Token Utility
If you have a token, how can you use it? The answer to this question can determine whether your token becomes a mainstream token or if it quickly loses value. The ability to develop a token that has reliable use cases determines whether there will be demand.
3️⃣ Token distribution and vesting periods
When a token is launched, its creators must determine how it will be distributed. It is common practice for developers to allocate tokens, but too high a percentage can make the public wary of a pump-and-dump scheme. Many tokens are also allocated to venture capitalists and other investors. Often for both venture capitalists and developers, vesting periods are set for tokens, meaning they are locked up for a certain amount of time to avoid selling out. The goal is to avoid a large number of tokens suddenly appearing at the same time, which lowers the price.
4️⃣ Token Burning
For tokens with no total supply limit, token burning is used to prevent inflation. Token burning removes tokens from circulation and can be scheduled or indefinite. Binance burns its BNB token quarterly, but Ethereum burns a portion of the tokens sent as a transaction fee. Burning tokens reduces the circulating supply, which hopefully supports demand and preserves the value of the tokens.
❔ Q: In one of the following posts, we planned to analyze such a thing as AirDrop and how you can earn money with it. Doing?
👍 - Definitely a must do
👎 - No, I already know about it.
🤝 Cryptocurrency Inside ✅ | Telegram | Chat | Partner
🔴 SEC sued Tron (TRX) founder Justin Sun on selling securities and market manipulation.
The U.S. SEC sued Justin Sun on allegations of selling and airdropping unregistered securities, fraud and market manipulation. SEC is suing Sun over the sale of Tron $TRX and BitTorrent $BTT tokens, which it described as unregistered crypto asset securities. The regulator further alleged that the defendants fraudulently manipulated $TRX secondary market through an extensive wash trading scheme – somewhere between 4.5M-7.4M $TRX was traded daily through these wash trades.
👉🏻 TRX is declining by 11%, and the BTC price drops by $26,800 📉
🤝 @Cryptocurrency_Inside ✅
HOW TO CONDUCT YOUR OWN ANALYSIS? | PART 2 🔥
⠀
We see that you liked the first part of the DYOR guide. That's why we prepared the second part especially for you. Read, learn and implement in your work.
The post is quite lengthy, but you are advised to read to the end!
➡️ Team
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 and token development.
Keep in mind that team members never write you in a personal message with an offer to buy tokens and directly invest in the development. If they write to you, then with 99.9% probability it is a scam.
Advice: avoid anonymous teams (projects with no developer listed at all).
↪️ Project Partnerships
• How many other partners have you already supported?
• What can they do for each other?
It's important to check for feedback from partners on your pages. After all, you can just tag that you are supported by, for example, Solana, but they won't even know about you and your project.
➡️ Competitors
• What competitors do you already have on the market?
• How much demand for your competitor's technology is there, is it in demand?
• What are the advantages of the technology of the project you are considering?
You need to assess the potential demand and quality of the technology by comparing it to the competitors.
➡️ Metrics and Tokenomics
It is necessary to understand what kind of token will be available for sale on listing, its unlocking and vesting period.
It's important to understand:
• What is the token for, its function?
• In what areas of the project can it be used?
• To whom and how are tokens distributed?
• How many tokens are there in total?
• How many tokens belong to a team?
• How many sales were there in Seed- and Private- rounds?
• At what prices did they enter in these rounds?
• What are the terms (lots and westings)?
• How many tokens were distributed to the community?
• How many tokens will be used for rewards?
• Publik Sale plan.
• What network does the token support?
After that, we need to compare this data with competitors' projects, so we can assess the potential for growth. After studying all of the above, we can make a decision about investing.
Important: it must be a Utility token. There are projects where the token is just a "phantom" and does not affect the development of the project at all.
The token model can be inflationary or deflationary. The inflationary model is when new tokens are constantly appearing in circulation. With this model, the project must necessarily have a mechanism to "burn" tokens, but it is best when it initially goes on a deflationary model. A deflationary model is when the number of tokens in circulation decreases, creating a deficit, thereby driving up the price.
A resource to track where the project trades and its trading volume is Coin Gecko.
• The trading volume gives an idea of how "active" an asset is and whether it has enough liquidity. If some token is trading with no liquidity at all, then medium or big players can easily influence its price.
• The sites on which the project was released, also gives some useful information. For example, if a project appears on CoinList, it may indicate that the project is not bad, because CL does not list all sorts of "slag". Before release, the project is carefully checked to detect flaws, the presence of which may affect the reputation of the site.
BUT launching on a good site does not guarantee to get a dozen X's.
Support the post, put 🔥
❔ Q: What topics would you like to cover next? Write your options in the comments and we will definitely analyze your option ⬇️
🤝 Cryptocurrency Inside ✅ | Telegram | Chat | Partner
🔵 Telegram users can now transfer USDT (TRC-20).
USDT has been added to the @wallet bot on Telegram. Now you can send USDT to a friend on Telegram with zero fees. However, a fee of 2 USDT will be charged for withdrawing USDT to a wallet such as TrustWallet.
👉🏻 The problem is that the wallet service is custodial, meaning it can ban your account unlike traditional wallets❗️
🤝 @Cryptocurrency_Inside ✅
🍎TOP-25 assets by market capitalization.
BTC - 18th place
🤝 @Cryptocurrency_Inside ✅
⛏️🥇 Good news for Bitcoin miners as cryptocurrency rally boosts earnings!
Hashprice, which measures how much miners earn based on a number of factors, is up 36% compared to March 12, at $0.08 per terahash.
🤝 @Cryptocurrency_Inside ✅
HOW TO CONDUCT YOUR OWN ANALYSIS? 🤬
⠀
Friends, we have a lot of newbies who are just starting their way in crypto. That's why we decided to make a post about how to do our own analysis of projects. In other words - DYOR (Do Your Own Research).
One post will not reveal in details all the aspects we need to take into account when analyzing. We are planning to make the second such post, but it will depend on what assets you will show under this post. It all depends on you.
Below, we'll break down the basic metrics for conducting a DYOR.
➡️ Project Website
On the website, you will always be greeted with a brief squeeze of the project. Be sure to read the white paper to learn all the basic details:
• What is the project?
• What are the benefits of it?
• What opportunities does the project provide?
• Project Roadmap
When analyzing the Roadmap, you should look to see if the project is on track. If it lags behind, it indicates certain difficulties in implementation.
↪️ Funds
Funds are analyzed to see who is acting as a guarantor of the project's success?
It is important:
• Which foundations have already supported the project?
• What successful cases do these foundations have?
• Will the funds be interested in further development of the project and its token?
The presence of good funds "on board", increases the likelihood that the launch will be successful and in the future the project will have a better chance of supports from new investors.
A resource for fund analysts and where they invest is Chain Broker.
➡️ Community and social media.
You need to assess the hype around the project and audience engagement.
Important:
• How active the project's social networks are: Telegram, Twitter, Discord, Medium, GitHub, and so on.
• How involved is the team in maintaining social networks?
• Ambassador Program. Is it active or does it only have a name?
When analyzing social networks, you need to assess not the number of subscribers, likes and reposts, but how active the audience is among themselves. You can write any question in the discord chat and see how quickly you get an answer.
Also, importantly:
• Who is doing the reposts? If they make them "real people" and not bots it is a definite plus.
• Who among the major projects and celebrities is a Twitter follower.
In order to keep track of who is subscribed to the most "important people" and projects, there is a
special resource - CoinGuru.io
⚫️DYOR is not the easiest theme for a beginner. Therefore, we are waiting for your questions in the comments. Even the most stupid questions.) ⬇️
❔ Shall we make the second part of the post?
👍 - Yes
👎 - No
🤝 Cryptocurrency Inside ✅ | Telegram | Chat | Partner
📆 Global crypto headlines of the weekend:
🛑The US Federal Reserve, together with banks from Canada, England, Japan, Switzerland, and the ECB, decided to provide liquidity to the banking sector.
🛑Tether printed another 1 billion USDT today.
🛑Crypto exchange Crypto com has received a license to operate in Dubai from the Dubai’s Virtual Asset Regulatory Authority (VARA).
🛑Harvest Keeper project, which promoted itself as AI-DeFi, stole about $1 million from users.
🛑OKX reported that on June 22, the exchange will stop serving customers from Canada, citing «new regulations».
🤝 @Cryptocurrency_Inside ✅
2017: Credit Suisse $CS CEO says Bitcoin at $7,000 is "the very definition of a bubble".
2023: BTC is pumping past $28,000 while his bank is failing ☠️
🤝 @Cryptocurrency_Inside ✅
😮 Bitcoin's open interest hits new record high in 2023
The open interest in bitcoin futures reached an annual high of $12 billion.
💸 This indicates a notable increase in liquidity, which is a vital factor for the markets.
Also, trading volumes on decentralized exchanges hit all-time highs over the past 16 months.
🤝 @Cryptocurrency_Inside ✅
🚀 Bitcoin hits $28,000!
Where are we heading next?
👍 - $32,000
👎 - $24,000
🤝 @Cryptocurrency_Inside ✅
⚡️92% of all Bitcoins that will ever exist have been mined. Only 8% remain💰
🤝 @Cryptocurrency_Inside ✅
🥇 The man argued for $1 million that BTS for 90 days would cost $1,000,000.
Former General partner A16z and CTO Coinbase posted a post on Twitter that he was ready to bet $1 million on the fact that bitcoin will cost $1,000,000.
If the price is not equal to $1 million within 90 days, it will lose. They want to conclude a dispute through a smart contract.
Possible or Not? What Do 🫵 think?
Yes - 👍
No - 👎
🤝 @Cryptocurrency_Inside ✅
🥇 Bitcoin decoupling from the Nasdaq, S&P 500, and Dow Jones this week.
🤝 @Cryptocurrency_Inside ✅