💩 Blockchain: The Future or a Utopia?
A few years ago, I would have said without a doubt that it is the future. Today, things are different...
At the dawn of its inception, this technology fully embodied the concept of decentralization and followed Satoshi Nakamoto's principles of decentralization. Back then, it truly seemed that blockchain was the future.
💩 Answering this question now, I can unequivocally say that today and in the future, blockchain is a utopia.
Why?
Even the largest blockchains, such as BTC and ETH, are too concentrated in a few hands:
💩 For BTC, just three major pools (Foundry USA and Antpool) control over 50% of the network's total hash rate.
💩 For ETH, over 40% of the asset is concentrated in the hands of a certain group of validators.
Naturally, with such a distribution, it does not fit the concept of decentralization at all.
💩 New Requirements Come Into Force
Representatives of the cryptocurrency exchange Binance have announced that they will disable copy trading for users in the EU.
💩These measures are related to the enforcement of the MiCA law, which will take effect on June 30.
The exchange urged users to close existing positions by June 27. Otherwise, they will be forcibly closed "at market."
💩 Simultaneously, Bitstamp announced the delisting of the euro stablecoin Tether EURT and other stablecoins that do not comply with the new EU requirements.
🕯 Daily review of the cryptocurrency market
There are no significant changes in the market. BTC rose slightly to $61,600. ETH is trading below $3,400.
🔼 There are several growing assets: NOT +10%, ENS +9%, STX +8%, PEPE +7%, BRETT +6%, MKR +6%.
🔽 There are fewer falling assets: PENDLE -5%, LDO -5%, ZRO -4%, NEAR -4%, AR -4%, SUI -4%, FTM -4%.
💩 Which is more popular: Time Farm or Hamster Combat?
With the launch of our new project, Time Farm, I've been flooded with questions about whether we plan to replicate the success of "Hamster". Let me clarify the situation.
💩 Obviously, with an audience of 150 million users, "Hamster" is the mega-boss of all tap games. At least for now. By the way, the project was launched by a good friend of mine, so I believe in its success.
💩 What’s the difference?
Hamster Combat is a game that will be available in the App Store in the future.
💩 Time Farm is a completely different product. It's part of a larger ecosystem. It's a platform that gives people a real opportunity to earn real, already existing, cryptocurrency, not dubious tokens.
💩 It's important to understand that the community of Time Farm is somewhat different from the audience of "Hamster". We are building a community of people who want to do something and work for crypto, which is what we've been doing for the last 7-8 years.
Therefore, it's not about who is losing to whom. The difference lies not only in the number of users but also in the goals of the projects.
🪙 Tether Discontinues Issuance of USDT on EOS and Algorand Blockchains Due to Low Interest
💵The total supply volume on the two chains is just over $102 million. The exchange will be available for a year. During this time, Tether may change its decision.
🔼Meanwhile, the amount of issued USDT on the TON network has exceeded 580 million tokens.
Old and unnecessary blockchains are fading into the past, replaced by more progressive ones.
🕯 Daily review of the cryptocurrency market
The market went into correction. BTC fell to $62,800. ETH is trading below $3,400.
🔼 There are no growing assets.
🔽 There are many falling assets and the rate drawdown is quite significant: ZRO -14%, WIF -12%, BRETT -11%, FLOKI -11%, ENS -10%, PENDLE -10%, BONK -10%.
🏆 Current Top Assets by Market Capitalization
NVIDIA surprises, recently surpassing Apple and Microsoft.
👍 Less than two weeks ago, NVIDIA overtook Apple and took second place in the list of the most valuable companies by market capitalization. Recently, it surpassed Microsoft, becoming the most valuable public company in the world.
⛏ It's all about mining
At one point, the boom in GPU mining gave a significant boost to NVIDIA's market capitalization on its way to becoming the world's most valuable company.
🌐 After the cryptocurrency Ethereum transitioned to the proof-of-stake algorithm, some miners switched to providing computing resources for AI. By 2023, the hype around ChatGPT and other generative AI products had grown to enormous proportions, causing a surge in orders for NVIDIA chips.
However, the company did not hold the top spot for long. A drop to 4th place followed shortly.
💵 And again, Tether...
Tether seems to have remembered its promise to comply with US sanctions and has frozen several addresses with a total balance of $47 million.
🔽 However, things are not as good for the company as they might seem at first glance. Criticism of the project is growing, and there is a trend of major market participants gradually moving away from USDT.
Tether has not advanced in solving important issues:
🟢 increasing the transparency of reserves;
🟢 conducting a full audit;
🟢 obtaining US and European licenses.
❌ Even basic information about correspondent banks where the reserves are located is still kept strictly confidential.
⛔️ This year, the MiCA bill will come into effect in the EU. To meet the requirements, Binance, OKX, and Uphold have already announced restrictions or a complete refusal to use USDT in Europe.
🔼 This has led to USDC significantly surpassing USDT in transaction volume in 2024.
📷 I've been working under the camera's watchful eye all week
Expect quality content! In today's shoot, I covered many topics that I haven't discussed before...
💰 I shared a bit about my story and current projects. There will be lots of useful information for investors: how to avoid mistakes at the beginning and which coins are best to invest in.
Well, you'll see for yourself. Stay tuned for updates! 🔥
‼️ In Texas, scammers forced a pensioner to send them $40,000 through a crypto ATM.
The White Settlement Police in Texas intercepted a scam where a pensioner was victimized. The perpetrators deceived her into withdrawing $40,000 from her account and transferring it to them via a crypto ATM.
Unfortunately, we increasingly hear about such cryptocurrency-related frauds.
Why is this happening?
🔽 The root cause lies in the low level of financial literacy, a point I never tire of emphasizing. Developing financial literacy is crucial not only for managing personal finances effectively and planning investments, but also for protecting oneself from financial scams and deceit.
⛔️ Just as our generation has begun to recognize scams involving fake "bank employees," new schemes related to blockchain and crypto are emerging rapidly. Stay vigilant!
There's just one thing that bothers me. Why do scammers always target wealthy elderly women? Where do retirees get so much money from? 😅
🎙 And once again, filming...
The media life is in full swing. Today I had a shoot with my good friend, Rast Pentagon.
💩 The conversation turned out to be very interesting. We talked a lot about financial literacy and the need to actively improve it among the population. We discussed USDT, as Tether has been notably active lately.
💩 Considering the unprecedented success of Time Farm, we couldn't avoid talking about the project and NFTs in general. We thoroughly examined this trend in the crypto industry and its connection to people's motivation.
There were many other interesting topics, but you'll have to wait for the interview to be released.
Stay tuned!
🕯 Daily review of the cryptocurrency market
The market is in a state of uncertainty. Assets are trading in different directions. BTC is stuck at $65,700. ETH still cannot break through $3,600.
🔼 There are quite a lot of growing assets: FET +28%%, AGIX +24%, AKT +8%, SUI +6%, WLD +6%.
🔽 There are fewer falling assets and the rate drawdown is insignificant: JASMY -8%, ENA -4%, LDO -4%.
🕯 Daily review of the cryptocurrency market
The market is reviving again. The alts recovered from yesterday's decline. BTC is trading at $65,500. ETH is still stuck at $3,564.
🔼 There are many growing assets: LDO +21%%, ENS +15%, ENA +11%, PENDLE +11%, MKR +11%, PEPE +10%.
🔽There are significantly fewer falling assets and the rate drawdown is insignificant: TON -6%, JASMY -3%, XMR -3%, TIA -2%, CORE -2%.
😐 If you snooze, you lose
The Notcoin team has announced the end of the NOT airdrop claim period one month after its listing on major cryptocurrency exchanges.
📊 As of today, more than 11.5 million users worldwide own the NOT token. The majority of unclaimed tokens will be invested in future development by the project team, while a portion will be burned.
👍 What do we have as a result?
The project is incredibly popular. In a month, the token has grown by 164%. Whales are actively showing interest in $NOT.
📈 What are the future prospects of the project?
Why did NOT become popular in the first place? It's simple – easy money that some don't even consider as cryptocurrency. However, its appearance has sparked a new trend of token clickers, which are now flooding the industry.
Meanwhile, Notcoin is the first serious project in the TON ecosystem, and its success is crucial for many.
Making long-term forecasts is a thankless task. But such projects definitely add diversity to the lives of crypto enthusiasts.
⭐️Base Incubator by LaborX
Friends, great news! Very soon, we will start adding tokens of early projects, meme communities, and other promising solutions based on BASE to our platform.
Why BASE?
➡️ It's a second-layer solution from Coinbase, launched to address scalability and speed issues in the Ethereum network.
➡️ Base operates off-chain, significantly reducing congestion and transaction fees.
➡️ Another important factor in the popularity of Base L2 is its compatibility with EVM.
We could talk at length about the advantages of Base, but what matters most to us is the innovative approach of the developers to their product.
Stay tuned for updates!
🕯 Daily review of the cryptocurrency market
There are no significant changes in the market. BTC is barely holding on at $61,000. ETH is trading below $3,400.
🔼 There are several growing assets: KAS +12%, MKR +9%, AKT +5%, LDO +4%.
🔽 There are many more falling assets: BRETT -9%, AR -8%, AGIX -6%, BEAM -6%, ENA -6%, FLOKI -4%, WLD -6%.
💩 I often say that cryptocurrency has radically changed my life... why?
💩 Firstly, cryptocurrency has given me the understanding that anything in this world is possible and achievable. The blockchain industry has shaken even such established spheres as traditional finance and banks. This is the brightest proof that nothing is impossible!
💩 The second aspect is people. After immersing myself in the crypto industry, I am constantly amazed at how unique the human brain is and how great its possibilities and potential are. I am truly impressed by the number of talented and intelligent people capable not only of inventing new projects and technologies but also of bringing them to life.
💩 Solana Introduces a New Primitive - Blinks
Now, in absolutely any place where there is an opportunity to share a link on the Internet, it is possible to initiate activity on the Solana network.
💩 The Solana network has introduced "blinks," or "blockchain links." These are links for further dissemination directly to a blockchain transaction, allowing it to be conducted from anywhere.
💩 These can include operations for sending coins, exchanges, payments, crypto donations, voting, and so on.
💩 The idea is that such links are suitable for use on a variety of platforms, including Twitter. And the corresponding operations will be instantaneous.
🕯 Daily review of the cryptocurrency market
Assets on the market are trading in different directions. BTC fell to $61,100. ETH is trading below $3,400.
Yesterday, the team of the bankrupt crypto exchange Mt․Gox announced that the exchange’s clients will begin to return their assets in early July. Of course, the market reacted with a fall, since the exchange must pay out as much as 142,000 BTC and 143,000 BCH.
🔼 BTC was hit the hardest. Some altcoins have already started to recover: FET +20%, AGIX +20%, WIF +17%, LDO +17%, BONK +14%, INJ +13%, TIA +13%, ONDO +13%, AAVE +12%.
🔽 There are fewer falling assets: ORDI -6%, GNO -5%, KCS -3%.
🤖 ChatGPT-4 Passes the Turing Test
Specialists from the University of California asked about 500 participants to interact with both humans and AI models in a blind test. The main task for each participant was to determine whether they were interacting with a human or a computer.
56% of the participants mistakenly identified ChatGPT as a human. According to Vitalik Buterin, OpenAI’s creation has passed the Turing Test:
"The ability of people to determine who is in front of them — a human or a bot — is practically identical to a coin toss! Well, that's not quite true, because people are identified as humans in 66% of cases, and as bots in 54% of cases, but the 12% difference is negligible; in any real-world setting, this is considered a pass."Читать полностью…
💩 Weekly News Review
It's time to recap the most significant events in the crypto industry this week.
➡️ Tether introduced a new class of digital assets — Alloy.
➡️ The founder of Notcoin believes that "tapalki" will not achieve long-term success.
➡️ Binance and other exchanges listed ZKsync (ZK).
➡️ Binance launches an airdrop program for BNB holders.
➡️ The Winklevoss twins promised to donate 15.47 BTC ($1 million) each to Trump's presidential campaign.
➡️ The volume of stablecoin transfers has increased 16 times over the past four years.
➡️ Binance added support for USDT on the TON network.
🕯 Daily review of the cryptocurrency market
The market has perked up. BTC is up slightly to $64,400. ETH is trading just above $3,500.
🔼 There are quite a lot of growing assets: JASMY +13%%, ZRO +10%, KAS +7%, TON +6%, BRETT +6%.
🔽 There are fewer falling assets: FET -6%, AGIX -5%, ONDO -3%.
🕯 Daily review of the cryptocurrency market
The market is sideways. BTC dropped slightly to $64,200. ETH is trading just above $3,500.
🔼 There are not many growing assets: AR +9%%, PENDLE +4%, JASMY +4%, PEPE +3%.
🔽 There are more falling assets: ZRO -18%, ZK -11%, WIF -8%, AAVE -6%, AVAX -6%. RNDR -6%, AR -5%. ICP -5%, BEAM -5%.
🔥 It's finally happened: Binance now supports USDT on the Ton network.
Now we're waiting for the listing of the coin itself.
🕯 Daily review of the cryptocurrency market
The market sank a little. BTC dropped to $64,600. ETH is trading just above $3,500.
🔼 There are not many growing assets: CORE +8%%, LDO +4%, IMX +4%, SUI +4%..
🔽 There are more falling assets: ZRO -16%, JASMY -9%, ZK -7%, AKT -6%, WIF -6%, NOT -6%, FLR -6%. RNDR -6%, AR -5%. ICP -5%, BEAM -5%. BEAM -5%.
Yesterday, I attended the CRYPTO MEETING by CONNECT in Moscow and I want to share my impressions!
💩 I was happy to see the guys from the crypto community again. There were also quite a few new faces, which is encouraging. This shows that the crypto topic is attracting more and more enthusiasts and ambitious entrepreneurs.
💩 The presentation went great, thanks to the audience for their activity and interesting questions. Special thanks to the organizers for the atmosphere. There were a lot of people, which once again confirms the interest in the topic of cryptocurrencies and blockchain.
💩 I love these gatherings – they not only help in professional development but also provide an opportunity to exchange ideas and make useful connections.
See you at the next events!
NEW TIME FARM CONTEST WITH MIND-BLOWING REWARDS: $10,000 PRIZE POOL💰
We've seen your incredible creativity on social media. Now, it's time to reward that creativity with real cash.
🏆PRIZE POOL: $10,000 USDT AND 1,000,000,000 SECOND
⏺$300 for 1M Real Views
⏺$50 for 100,000 Real Views
Make a video about the Time Farm App
Conditions:
🗣 Make a video involving Time Farm
🗣 Tag us — #timefarm
🗣 Post on Instagram Reels, TikTok, Twitter (X) or YouTube Shots
Submit your videos by messaging @timefarmsupportbot and get your reward right away!
Top videos will be highlighted on our social media! 💪
📌 Another "Gold-Backed Stablecoin"
Tether has introduced a new platform, Alloy, and the first stablecoin based on it — aUSDT.
📊 The new token will be over-collateralized with Tether Gold, a stablecoin (XAUT) pegged to the price of an ounce of gold, which is itself backed by physical gold bars stored in a Swiss vault.
What can be said about this?
➡️ Firstly, it's quite amusing to see a stablecoin backed by another stablecoin. How endless can this chain get?
➡️ Secondly, this event is the second announcement this week by major market players that puts the hegemony of the US dollar into question. Earlier, Saudi Arabia declined to automatically renew its oil contract with the US. It seems that some are starting to notice the global economy's vulnerability to the "dollar club."
➡️ Thirdly, although Tether is known for its reputation, there are always doubts about how the transparency of these gold reserves will be maintained.
I often say that history tends to repeat itself. Now we see the dawn of the "Gold Standard" era in crypto. Unfortunately, we know how it all ended.
🕯 Daily review of the cryptocurrency market
The market went into red zone. BTC is trading at $65,600. ETH has dropped to $3,444.
🔼 There are no growing assets.
🔽 Leaders of the fall: ZK -27%, FTM -19%, ENA -18%, CFX -18%, STRK -17%, WLD -17%, TIA -16%, WIF -16%, INJ -16%, CHZ -16%.
🚀 7.5 million users in Time Farm!
Our community is growing rapidly, and it's all thanks to each of you!
🔥 Maximize your productivity and earn $SECOND tokens! 🔥
Join us! The x2 farming bonus will last until June 19th. Complete tasks and invite friends to earn even more bonuses!
✈️ Also, don't forget to join the official Time Farm community group. You'll find the latest project news there, as well as many contests with valuable prizes.
For example, there are ongoing contests for the best meme and referral recruitment right now.
