💳 It should come as no surprise that stablecoins are popular in countries with high inflation. These countries are at the forefront of crypto adoption. They like bitcoin, but they tend to love USD-pegged stablecoins more.
USDT and other stablecoins serve a real and serious use case in countries like Argentina, Turkey and Lebanon, where inflation has recently been anything from 30% to over 200%. In the worst cases, keeping cash for more than a few days can be disastrous. Some people save in stablecoins, and convert funds to their local currency only as they need to spend them.
🥸 "Haste makes waste." This guy had the chance to make 10 million by investing just 1 $SOL. All he needed was a bit of patience.
Instead, he sold everything for just 1.6 $SOL ($349).
💸 Sometimes, getting rich requires doing nothing. One Bitcoin investor decided to cash out his well-earned profit after holding for 12 years!
The 50 BTC he bought for $200 in 2012 are now worth almost $5 million!
✅ A reminder for those who enjoy taking risks and hope to get rich from meme coins: according to Dune Analytics, nearly 90% of traders either lost money or made less than $100 with these assets:
- 60% lost money;
- 4.7% broke even;
- 24% earned less than $100.
A fortunate few did much better:
- 11.2% earned over $100;
- 3% earned over $1,000;
- 0.5% earned over $10,000;
- Those who made more than $10,000 are barely visible on this pie chart.
I'm not entirely against meme coins, but I recommend staying level-headed and resisting temptation. Also, don't forget that the platform Рumр.fun has already made nearly $1 billion in fees.
😲 And this trader turned 2 $SOL into a fortune, making almost a million dollars ($988k) in just 3 hours.
All thanks to a teenager who launched a memecoin. So much for the "lost" Generation Z!
💡 Be careful if you receive an unsolicited job offer. They can often be scams as well.
One of the red flags is a job that pays a lot for doing simple work. Others are being asked to download software, click on a strange-looking link, or move off a platform like LaborX (which has safeguards) and into a Telegram chat.
Always do your due diligence. It only takes a small slip-up to become a victim.
💰 "To be rich and stay rich forever." Saylor doesn't mince words when it comes to Bitcoin. Some view him as a fanatic, but it's hard to deny the profound impact Bitcoin is having on the financial world.
Bitcoin has evolved beyond an investment asset to become a symbol of a new financial era, in which control over wealth has moved from central banks to individuals.
👉 Apps like Time Farm aren’t just about paying people for specific microtasks, like sharing a social media post. They can also be used to “nudge” people into a particular action.
Nudge Theory suggests that in many cases, it doesn’t take much to prompt people to act in a certain way. For example, putting the healthiest snacks at the front of a display, where they’re most visible, is likely to encourage people to choose them more often.
Equally, very small rewards can tip people over the line into doing something they were already considering. Turning out to vote, buying one brand over another, or signing up for a particular crypto service are all examples.
💪 Speaking of Satoshi Nakamoto. The famous Bitcoin enthusiast Scottie Pippen shared at the Thailand Blockchain Week 2024 that he met the creator of the first cryptocurrency back in 1993. Michael Saylor's reaction to this was absolutely priceless.
No wonder the clip from this moment has already gone viral!
🥽 We’re not hearing much about the metaverse these days. There are several reasons for that, including the costs associated with developing AR/VR tech, skepticism from investors, and new narratives – especially AI.
The metaverse isn’t dead, but perhaps the idea of vast, immersive, interactive universes was ahead of its time. It will doubtless be back in the future, but most likely with more practical applications. I think we can expect incremental steps towards it, powered by AI and better hardware, rather than the massive, sudden shift some people were expecting.
😩 Scrolled much today? It's a terrible habit. Social media platforms’ algorithms deliver a constant stream of updates tailored to your profile, encouraging you to unthinkingly consume the next post, and the next, and the next.
That little hit of dopamine programs your mind to seek short-term gratification. Your brain adapts to be good at what you practice, meaning you become less capable of putting in long blocks of concentration.
It’s easily done, but so is closing the app and finding something better to do with your time. The world doesn’t need more consumers. It needs creators.
🔗 The shift towards decentralization. On the initiative of the Department of Government Efficiency (DOGE), the US plans to integrate blockchain technology into the Federal voting system. The "eVote" platform will be developed in collaboration with X, Cardano, Hyperledger, and Hedera, and will be designed to ensure the election process is as transparent as possible.
This is a monumental milestone for the entire crypto industry. The adoption of blockchain technology at the governmental level is a major victory. Such a trend will significantly accelerate the global acceptance of cryptocurrencies and blockchain.
🔗 The future is DeSci. CZ, Brian Armstrong, Vitalik Buterin are all passionate about bringing blockchain to science.
Good to see crypto leaders investing in this, especially after the DeSci entrepreneurs' meetup hosted by Binance Labs. We shall all focus on projects that can change the world for the better.
And what do you know about DeSci?
🐻 Your kids love Masha and the Bear? Pretty sure they do. Now there’s an official Masha and the Bear Tap Dash game where you can earn rewards and NFTs.
Check out this Mashaverse setup.
Something truly big is coming today/tomorrow. Stand by
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🕵️ Another investigation from ZachXBT. Scammers are increasingly using social engineering to manipulate people into revealing sensitive information. This particular fraudster posed as a Coinbase support agent, leading the victim to lose $6.5 million.
Under the alias Ronald Spector, the scammer contacted the victim from a fake number and tricked them into visiting a phishing website. The stolen funds were then moved to multiple platforms.
"Ronald" deleted several of his social media accounts to hide his tracks, but just days after the theft started flaunting his wealth by sharing a screenshot of his Ledger Live on Discord. Despite many scammers leaving the TON ecosystem, Ronald continued to use Telegram actively.
Sadly, the trail goes cold after that, and more than half of the stolen funds remain unaccounted for. This story is a reminder of the risks in the crypto world. ALWAYS double-check messages and never share confidential information unless you’re absolutely certain about the source. Stay alert!
💵 Stablecoins are one of crypto’s killer apps. The ability to hold funds on the blockchain in a stable currency, and send them anywhere in the world in seconds with minimal cost, to anyone you want, offers a fantastic combination of benefits.
Be careful, though, because all stablecoins are not the same. Some, like USDT and USDC, are well established. Others are newer and don’t have a long-term track record, while some are experimental, and may not hold their “peg” to the dollar well at all.
If you’re in doubt, stick to the ones that have been around for years.
📈 Imagine getting a 6% pay rise one day. Your job didn’t change, you don’t work any harder, but suddenly you get 6% more money. That would make a big difference for a lot of people.
It’s hard to get reliable figures, but global remittances to low- and middle-income countries are probably around $700 billion per year. Due to inefficiencies in the methods used, around 6.4% of that – $45 billion – is spent in transfer fees.
The same transactions can be made instantly and for practically zero cost with crypto. There is a huge opportunity here that can make a real difference to people’s lives.
💸 Will Bitcoin become the world's leading currency? While everyone was distracted by meme coins, BTC overtook the British pound (GBP) and is now the fifth-largest currency globally!
Discussions about cryptocurrency dominance are no longer just talk — it's becoming a real challenge to the traditional financial system.
😎 This kid made $30k by launching a token on Pumpfun and starting trading, before dumping it on livestream. The community fought back and sent it to $35 million market cap!
I believe kids should learn about crypto and blockchain. They are the technologies of the future. But I definitely wouldn't trust a kid with my bank account!
⚠ Scammers are hiding everywhere. You might even find convincing phishing sites included in Google's search results.
Always check links carefully, and be wary of ads in the search results. Fraudulent sites often have strange characters or extra letters in their domain names.
💸 Crypto Renaissance and Geopolitics. I highly recommend watching Michael Saylor's recent presentation at the Cantor Fitzgerald conference in Miami. Michael is a legendary OG of the crypto community, and inspired me to dive into this industry.
CZ also shared some intriguing thoughts in the comments: "Soon, there will be a race between countries and uncontrolled money printing to create their own Strategic Bitcoin Reserves."
We are on the brink of a global upheaval for the traditional financial system.
😭 It's important to acknowledge your mistakes. Venture capitalist and billionaire Chamath Palihapitiya confessed that he deeply regrets selling his Bitcoin holdings, a decision that ended up costing him 3-4 billion dollars.
👍 HODL is a strategy for those with strong patience and self-discipline.
👌 Another theory about the identity of Satoshi Nakamoto. One idea suggests that it was Paul Le Roux, a drug dealer and international criminal mastermind sentenced to 25 years in prison. According to this theory, Bitcoin was created by him solely for money laundering purposes.
There are lots of coincidences: Le Roux disappeared around the same time as Satoshi, he has deep knowledge of cryptography, and was involved in creating E4M, among other things.
Two years ago, this idea was actively discussed on Reddit. There are many intriguing facts and references to articles that seem to support it.
😱 It's hard to believe that the creator of the first cryptocurrency was an "evil genius." Le Roux will be released by 2045, but I wonder if we'll ever truly know the truth?
🐶 We’ve seen similar phenomena to memecoins in previous cycles. The first wave of altcoins and NFT mania are two examples. The majority were simply copies and clones with little original about them.
These things often happen when the big “narratives” for the cycle go quiet. It’s almost like they’re a product of boredom. Nature abhors a vacuum, as the saying goes, and these low-quality crypto tokens flood into the gap.
That’s not to say that there aren’t trailblazing altcoins, NFTs or memecoins. Quite the opposite: the more impressive and attractive something is, the more the pretenders think it’s worth copying.
🧑💻 Decentralization is good, but there always needs to be a smart balance. Typically a Web3 project will start out very centralized, since it needs a core team of developers and marketers to get it going. Even Bitcoin began this way, before decentralizing over time.
Even then, though, there needs to be some compromise. The risk with a very high degree of decentralization is that nothing ever gets done.
👌 DAOs have developed ways of dealing with this, just as we have in other spheres like voting in the real world. Sub-DAOs, vote delegation and representatives enable a greater degree of organization and agency, while still ensuring that everyone has a voice.
😊 One of the amazing things about Web3 is the opportunities it offers anyone with an internet connection. There is something incredibly encouraging about the way that vacancies can be filled on talent alone, not geography.
Location, race, and even formal education are less important. Experience and ability to learn are paramount. The main question becomes: Can you do the job effectively?
A young, smart, motivated but self-taught developer might land a job that a degree-educated “expert” with 20 years of Web2 experience might not. It’s the ultimate meritocracy, a marketplace for talent.
😱 When you think you've made the biggest mistake of your life, just remember this case. The $PNUT token developer sold his entire stack for $700, and now it’s worth $100,000,000.
Guess he didn’t see that kind of success coming.
🚨 The FBI has recently focused on the CEO of Polymarket. After a prediction about Trump’s election victory was made on the platform, they raided Shane Kaplan’s home, seizing his phone and electronics.
Has the FBI been more active lately? I find this quite worrying. Just a month ago, Gotbit also came under scrutiny. Anyway, it's critically important to follow the law and cooperate with authorities. Don’t play the hero.
