ETH market faces $500 million liquidation if price drops below $2,100
An automatic liquidation of $500 million in ether (ETH) could occur on-chain if its price falls below $2,100, causing a Maker vault holder's position to become under-collateralized and putting further downward pressure on the second-biggest cryptocurrency.
🔥 Warren Buffett invests $1B in Bitcoin-friendly neobank 🚀
Warren Buffett's Berkshire Hathaway invests in Nubank, the largest fintech bank in Brazil, dumping a portion of its Visa and Mastercard holdings.
The industrial conglomerate has purchased $1 billion worth of Nubank Class A stock in Q4/2021.
On the other hand, it sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock, respectively, signalling a shift away from credit companies to gain exposure in their fintech rivals.
Buffett's "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
🇭🇺 Hungary’s Central Bank head calls on EU to ban Crypto Mining and Trading
The chief of Hungary’s national bank said he supports banning crypto trading and mining in the European Union (EU) because it could service illegal activities and tend to build up financial pyramids.
Bank's governor György Matolcsy also said he backs the senior EU financial regulator's point that the EU should ban the mining method used to produce most new bitcoin.
Matolcsy proposed instead that EU citizens and companies would be allowed to own cryptocurrencies outside the EU and regulators would track their holdings.
GameStop launches NFT marketplace on Immutable X
GameStop is partnering with Immutable X for the launch of its non-fungible token (NFT) marketplace.
The retail gaming staple is taking a carbon-neutral swing at Web 3 with no shortage of bankroll.
Both platforms will also be creating an up-to-$100-million fund dedicated to providing grants to game developers and studios to build on Immutable X and the NFT marketplace.
GameStop believes that building on the Immutable X protocol will enable faster, more affordable, carbon-neutral, and nearly limitless transactions on GameStop’s NFT marketplace, which is being built for launching gaming developer-focused NFT projects.
The first Cross-Chain governance proposal is approved on Aave 🚀
Aave, a DeFi borrowing and lending platform, passed the first cross-chain governance proposal.
The total value locked on Aave is estimated to be around $12 billion.
An executed proposition on Aave, which is based on the Ethereum network, was delivered to the Polygon FxPortal, according to its developers.
The method then reads the Ethereum data and sends it to the Polygon network for validation.
https://twitter.com/AaveAave/status/1488277649235791874?t=b5vYLLPSVdTnq2s-TeOchA&s=19
he Sandbox Partners with Warner Music Group to Create a Music-themed World
With this partnership, Warner Music Group (WMG), one of the world’s biggest music companies, marks its first steps into the NFT and metaverse realm. To mark the occasion, The Sandbox will hold a LAND sale at a later date, which will allow music fans to buy coveted LANDS adjacent to the WMG property.
👉 medium.com/sandbox-game/the-sandbox-partners-with-warner-music-group-to-create-a-music-themed-world-in-the-metaverse-e3d0853eee7d
Crypto Winter Part 2? Not Even Close.
Note: This is based largely on a dispatch I am sending to readers of a paid, investment newsletter I write. But the topic — the crypto price downdraft this weekend — is something that impacts my readers here, too. So, I am posting this version, with some slight variations.
https://jeffopdyke.medium.com/crypto-winter-part-2-not-even-close-45e3f2927593
🔥 Opera releases beta version of its new Web3 crypto Browser 🚀
Opera, the Norway-based company behind the popular internet browser, has released the beta version of its new Crypto Browser Project.
This crypto browser aims to facilitate the user experience of browsing DApps, games and metaverse platforms by offering direct access to Web3 services for Windows, Mac and Android users.
The new browser will also maintain the security features while integrating direct access to decentralized exchanges and NFTs as well as Telegram and Twitter support.
🔥 Ethereum 2.0 deposit contract surpasses $30B in value 🚀
▶️ The Ethereum 2.0 deposit contract currently contains 9,403,649 ETH, or about $31 billion.
▶️ This deposit contract allows users to transfer funds from Ethereum mainnet to Beacon Chain, a parallel Proof-of-Stake network.
▶️ Ethereum is expected to switch to Proof-of-Stake with a proposed merge with Beacon Chain, tentatively scheduled in June 2022.
🚨😳 Animoca Brands’ Lympo NFT platform hacked for $18.7 million 🚨
▶️ Sports NFT minting platform and Animoca Brands subsidiary Lympo suffered from a hot wallet security breach and lost 165.2 million LMT tokens worth $18.7 million at the time of the hack.
▶️ A short Medium update from the Lympo team stated that on Jan. 10 hackers managed to gain access to Lympo’s operational hot wallet and “stole a total of approximately 165.2 million LMT from it.”
▶️ LMT price tumbled 92% to $0.0093 after hackers transferred then sold the loot from the project’s hot wallets.
https://cointelegraph.com/news/animoca-brands-lympo-nft-platform-hacked-for-18-7-million?utm_source=Telegram&utm_medium=social
Crypto market outlook, Jan 2022
Thought dump to look back on
https://twitter.com/mrjasonchoi/status/1478952038385938436
🔥 Airbnb could soon add support for cryptocurrency payments 🚀
Online hospitality marketplace Airbnb could be on track to add cryptocurrency payments.
Chesky asked his Twitter followers for Airbnb-related suggestions. After skimming through thousands of tweets, he concluded that crypto was clearly in the lead.
More Detail 👉 Click Here
🔥 Aave all set to build a mobile wallet 🚀
Aave, an open source and non-custodial liquidity protocol is building its mobile wallet.
This helps the users in earning interest on deposits and borrowing assets.
1/ Some thoughts on ethereum's L2s
Are L2 tokens positive-sum with ETH? Yes
Will L2s drive significant fees & value to ETH? Yes
Is there an urgent need for L2s to launch tokens and pursue other L1-style growth initiatives? Yes
It's going to be a big year for L2s vs. alt L1s
https://twitter.com/RyanBerckmans/status/1476032294771171332
https://twitter.com/mutantapebot_/status/1475148337577963528
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The mathematical risk/reward of selling here is horrible.
The emotional risk/reward of selling here could be huge.
Good trades have asymmetry: the reward if you win should be many multiples of what you risk losing.
For example, buying ETH at $2k if you think it's going to $20k is great - a R/R of 1:9 - assuming you never sell at a loss. You win 9 times what you risk losing.
https://twitter.com/tradebutwhy/status/1495605712713809931?s=21
🔥 Monsterra to soon launch its Community Testnet 🚀
Monsterra, a dual-chain free-to-play-to-earn game running on both BSC and Terra networks will soon launch its community Testnet which already received many positive feedbacks.
Dev Team still supports 24/7 with players to perfect the game to bring the best experience.
Users can enjoy all the perks of both the Terra and BSC platform and can earn before spending with the revolutionary fun-profitable & Least Investment.
https://twitter.com/Monsterra_P2E/status/1493178213052391428?s=20&t=xq9wxCSjlZ6CtxbtN2rH2A
Sequoia leads a $450 million investment in Polygon blockchain🚀
Sequoia Capital India led a $450 million investment in Polygon, a blockchain network that serves as a support layer to Ethereum.
Polygon eventually wants to become a decentralized version of Amazon Web Services. It’s part of a movement in crypto known as Web3.
Hype around Web3 has attracted some of the biggest names in venture capital, including Andreessen Horowitz and Tiger Global.
https://www.cnbc.com/2022/02/07/sequoia-leads-400-million-investment-in-crypto-project-polygon.html
🔥 Monster Galaxy to launch the new staking portal 🚀
Monster Galaxy, a creature taming & battling game is all set to launch its new staking portal for the Galaxy Gem token $GGM.
⏰ Date: 6th February at 1 PM PST
The program will allow users to earn interest on their holdings by locking them for a predefined period.
$GGM tokens are used within the Monster Galaxy P2E universe, mainly as an in-game currency for purchasing Mogas, weapons, consumables, tools and loot boxes.
If you thought these early phases of the NFT bull run was insane, wait until NFT tokens for the pfp projects come out
Tokens catalyze:
1. Wealth effect
2. New capital inflow from those looking for NFT exposure
Capital inflows will be unlocked from
1. Institutional investors uncomfortable with investing directly into NFTs, but more comfortable with tokens
2. Retail that can't afford top tier PFP NFTs but are fans of the project
https://twitter.com/rewkang/status/1487872688303583241?s=21
🔥 Centrifuge wins Polkadot’s eighth Parachain slot auction with $98.8M secured
Centrifuge, a decentralized and asset lending protocol wins Polkadot's eighth parachain slot auction securing around $98.8M from over 15k network stakeholders.
The network will be onboarded at block #9,388,800 at the beginning of lease 7 with the other winners from auctions 6-11.
Centrifuge network provides access to fast, cheap capital for small businesses and stable yield for investors.
https://twitter.com/Polkadot/status/1486739406560059398?t=n1hSai7FWwC7rKeQGc9dLA&s=19
Robinhood's new crypto wallet sees 2 Million traders on the waitlist 🚀
Robinhood, the financial services company with a popular trading app, recently launched Crypto Wallets.
This new product has already added 2 Million customers to its waiting list.
The company has also added Crypto gifting and company Q&A as additional features.
https://twitter.com/kamikaz_ETH/status/1481360236531564545?s=20
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🚨 7 IDO protocol has been rugged ❌
PackShield has recently detected a total of seven IDO protocols to be rugged.
The rugged protocols include $GOTEM (gotEM), $ONEP (HarmonyPad), $HBARP (HbarPad), $MPLAY (MetaPlay), $ELIT (Electrinity), $PEE (MicroPee) and $QDrop (QuizDrop) with more than 5,744 WBNB.
The funds have been deposited to Tornado Cash, a non-custodial anonymous transaction on Ethereum.
https://twitter.com/PeckShieldAlert/status/1481088699593261056?t=pYZeUf6FLKTOVtw_Hdp0dA&s=19
🤔
https://moxie.org/2022/01/07/web3-first-impressions.html
News about Givetime.io. A project where they plan to unite blockchain, science and medicine.
Usually when there is a real product behind a project, when it releases products and solutions, it can be powerful. To make sure this is possible:
- we recommend that you look at the white paper on the project website
- read an interview from the founder of the project
- check the announcement on Yahoo finance
The Presale of the token is slated for 01/03/2022. That is, it has already begun.
Start presale - 03/01/2022
End of presale - 10/01/2022
Soft cup volume - 100 BNB
Presale price - $0.008
Pancakes start - 11/01/2022
Exit price to pancakeswap - $0.01
* For a week, the token will already have + 25%
Project chat /channel/givetimechat
69 crypto theses for 2022...
https://redphone.substack.com/p/69
⚡️Robinhood plans to launch beta crypto wallets in January as HOOD drops to $17🚀
The forthcoming crypto wallet will allow users to deposit and withdraw Bitcoin, Ether, Dogecoin and other tokens, the company said.
Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022.
In a Wednesday blog post, Robinhood said tens of thousands of users currently on the waitlist for the trading app’s crypto wallet would have access to the beta version starting in mid-January. The trading app said more than 1.6 million people were waiting for the wallet, which will support depositing and withdrawing Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) and other tokens.
The trading app has been testing its digital wallet feature since it was first announced in September, completing its first alpha transfer — using DOGE — on Nov. 22. According to Robinhood chief operating officer Christine Brown, the beta rollout would be focused on the security of users, as well as providing education on crypto transactions and clarity around network and gas fees.
https://cointelegraph.com/news/robinhood-plans-to-launch-beta-crypto-wallets-in-january-as-hood-drops-to-17
1. S&P500 posting ATH for the past few days
BUT!
2. Market makers not going to pump into $6B of OI skewed towards positive
3. Calls will need to expire worthless before moving up
4. One more thing: holiday volume, don't sell into a concrete floor
See you 2022
https://twitter.com/Tetranode/status/1475867350482120704
Alethea AI goes to token sale via Copper Launch
https://medium.com/alethea-ai/alethea-ai-announces-token-distribution-auction-ec17600e6233
Earlier, the smart NFT project closed a $16M round with Dapper Labs, Multicoin, Alameda, Mark Cuban and Bitscale Capital
The group of strategic partners include Metapurse, Crypto.com, BITKRAFT, Galaxy Interective, IDEO VC, as well as Andrew Steinwold, Gmoney (helped Visa with the cryptopunk purchase), DC Investor, Gabby Dizon (YGG's backer).
