Ruslan pfp

Ruslan

@baraded

533 Following
330 Followers
Ruslan pfp
Ruslan
@baraded
Onchain Metrics Suggest Bitcoin May Have Reached a Cycle Top The Bitcoin price has trended low in June, leading analysts to wonder if the "cycle top" is in for the pioneer cryptocurrency. Onchain metrics like the long-term holder inflation rate, dormancy flow, and spent volume suggest the Bitcoin bull market may have peaked. The growing cluster of spent volume and recent large sell-offs by long-term holders like Mt. Gox creditors and governments add to the supply-side pressure, indicating a potential market top
2 replies
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
Onchain Metrics Suggest Bitcoin May Have Reached a Cycle Top The Bitcoin price has trended low in June, leading analysts to wonder if the "cycle top" is in for the pioneer cryptocurrency. Onchain metrics like the long-term holder inflation rate, dormancy flow, and spent volume suggest the Bitcoin bull market may have peaked. The growing cluster of spent volume and recent large sell-offs by long-term holders like Mt. Gox creditors and governments add to the supply-side pressure, indicating a potential market top
0 reply
0 recast
1 reaction
Ruslan pfp
Ruslan
@baraded
Analyzing the Surge in Ethereum's DApp Transaction Volume The Ethereum network continues to lead the adoption of DApps in terms of transaction volume and deposits. Activity on the Ethereum network is different from the broader cryptocurrency market trends and may be distorted where deposits may exceed $1 billion. The growth in Ethereum's transaction volume has not been matched by an increase in the number of users, and the total value locked in Ethereum DeFi applications fell by 17.5% in 7 days. Determining the true demand behind the surge in Balancer trading volume is challenging
4 replies
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
SEC Sues Silvergate Capital for Failing to Monitor Customer Transactions and Making False Statements The U.S. Securities and Exchange Commission sued Silvergate Capital Corporation, accusing the crypto-friendly bank of making false statements to the public about its anti-money laundering procedures. The SEC claimed Silvergate's Bank Secrecy Act and AML compliance program were inadequate, and the bank failed to detect nearly $9 billion in suspicious transfers by FTX and its related entities. Silvergate and former COO agreed to settle the charges, paying a total of $51.25 million in fines
3 replies
1 recast
1 reaction
Ruslan pfp
Ruslan
@baraded
Linea: Growth, Vulnerabilities, and Canonical Message Service Linea have seen substantial growth, with over 50% of all Ethereum transactions occurring on L2s in early June 2024. However, the centralisation of sequencers within these rollups presents significant security risks, as highlighted by a $2.6 million exploit on Consensys-backed Linea. Linea's Canonical Message Service acts as a bridge and messaging stack between the network and Ethereum mainnet, relying on decentralized Postbots. Linea's recent Surge campaign aims to attract liquidity and new users to the ecosystem
1 reply
0 recast
1 reaction
Ruslan pfp
Ruslan
@baraded
Amber Rose's Cryptocurrency Venture: Promises and Controversies In recent years, many celebrities have launched their own cryptocurrency tokens. American model, rapper, and actress Amber Rose joined this trend with her token $MUVA, which was released on social media platform X. Rose's past involvement in cryptocurrency scams and the team's immediate selling activity raised concerns. Despite assurances of long-term commitment and transparent communication, the token's price surged by 44,000% upon launch, reflecting the volatility of the cryptocurrency market
2 replies
0 recast
1 reaction
Ruslan pfp
Ruslan
@baraded
Government Bitcoin Holdings and Potential Impact on the Market Governments around the world have seized significant amounts of Bitcoin, primarily through law enforcement actions against criminal activities. The U.S. holds the most Bitcoin, followed by China and Germany. However, the potential sale of China's large Bitcoin holdings could have a significant impact on the volatile crypto market
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
Meme Coin Risks and Scams The cryptocurrency market continues to see high attention on meme coins, with a market capitalization of around $44 billion. While meme coins can offer substantial returns, they also come with significant risks, including meme coin scams. Meme coin scams typically involve creating a new cryptocurrency with an attractive name, aggressively promoting it, making false promises, and then carrying out a "pump and dump" or "rug pull" scheme to exploit investors. Investors should exercise caution when considering meme coin investments and be wary of the risks involved.
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
Etched's Transformer-Focused AI Chip Aims to Challenge Nvidia's Dominance Galvin Uberti has declared war with Nvidia, saying that his company would become the world's leading company. Etched has unveiled Sohu, its transformer-exclusive chip that reportedly delivers over 100x the performance of a similarly priced GPU cluster. Etched's unique strategy of focusing solely on transformers could make Sohu a more cost-effective and environmentally friendly solution for AI companies. However, Etched faces competition from other startups and the risk of transformer architecture becoming obsolete.
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
Real builders commit, and I just committed 556.82K $BUILD tokens to the BUILD Summer Fund. 🫡
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
European Football Fan Tokens Underperform During UEFA Championship The UEFA European Football Championship 2024 has begun particularly those tied to European football teams, have seen a significant decline in performance. The Block's Sports Token Index has dropped by around 12.8% since the tournament kicked off on June 15, underperforming both Bitcoin and Ethereum during this period. This stark underperformance highlights the vulnerability of these fan tokens amidst the current market downturn, raising questions about their overall utility and investment potential
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
Particle Network Raises $15M in First Token Sale Particle Network, a modular blockchain solutions developer, has raised $15 million in its first token sale. The round was co-led by Spartan Group and Gumi Cryptos Capital, with participation from other investors. Particle Network plans to expand its team and recruit more developers, public blockchains, and decentralized applications to utilize its chain abstraction technology With the new investment, Particle plans to expand its team from more than 30 people to more than 70 people, focusing on engineering and operations
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
Consensys Urges IRS to Delay Crypto Broker Reporting Requirements Blockchain development firm Consensys sent a letter to the U.S. Internal Revenue Service requesting the delay of the proposed tax regulation requiring brokers and exchanges to report certain sales of cryptocurrencies. Consensys, the developer behind MetaMask wallet, criticized the draft form for lacking clear instructions and being overly broad in its definition of a broker, potentially leading to multiple parties reporting the same transaction
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
The Guanyin Clay and the Rise of Pinduoduo In recent years, Pinduoduo and Temu, founded by Huang Zheng, have become serious contenders to e-commerce giants like Taobao. The business model of this secretive company has raised questions about what they might be hiding behind closed doors. They must pay a fixed deposit fee and adhere to Pinduoduo's five golden rules in exchange for a boost in demand for their products. This dilemma mirrors the social challenge presented in the Guanyin clay story, where families must decide whether to feed their children the clay despite its lack of nutrition
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
SEC Rejects Ripple's Argument for Lower Penalty The United States Securities and Exchange Commission (SEC) has criticized Ripple Labs' latest argument for a lower penalty, saying it wouldn't be enough. The SEC argued that its $4.5 billion settlement with Terraform Labs, which included a $420 million civil penalty, was made due to Terraform's bankruptcy and agreement to return money to investors. The SEC proposed penalties for Ripple totaling nearly $2 billion, which includes $198.2 million in prejudgment interest and another $1.7 billion in disgorgement
2 replies
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
Fake Federal Employees Target Crypto Investors 🎭 The Cybersecurity and Infrastructure Security Agency (CISA) has issued an alert about a surge in impersonation scams targeting crypto investors, where scammers use the names and titles of government employees. CISA warns that its staff will never request money wiring, cash, cryptocurrency, or gift cards. 🎭 Crypto scams continue to be a major threat, with impersonation scams being one of the biggest drivers of cryptocurrency-based crime in 2023. Preventative efforts are crucial to combat these scam tactics 🎭
8 replies
0 recast
5 reactions
Ruslan pfp
Ruslan
@baraded
Real builders commit, and I just committed 556.82K $BUILD tokens to the BUILD Summer Fund. 🫡
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
Elon Musk's $56 Billion Pay Triumph Raises Questions About Tesla's Future Elon Musk has emerged victorious in the litigation battle against Tesla shareholders, securing his record-breaking $56 billion pay package. However, this triumph raises the question: has he lost the broader war? Musk's decision to exercise his stock options involves significant tax obligations leading to a large-scale sale of Tesla stock. While Musk has won the shareholder litigation as Musk's current 13% ownership in Tesla could increase to nearly 25% with the stock options
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
The Meteoric Rise of PixelTap: A Telegram Gaming Phenomenon Pixelverse has secured $5.5 million in funding just one month after launch, highlighting its potential to reshape the Web3 gaming landscape. The funding was spearheaded by industry giants, signifying investor confidence in Pixelverse's ability to disrupt the market. The game's integration with Telegram's vast user base has propelled its growth to over 15 million users in a month. Pixelverse is surging from 300,000 to near 5 million subscribers, threatening to dethrone Hamster Kombat as the leader in Telegram gaming
0 reply
0 recast
0 reaction
Ruslan pfp
Ruslan
@baraded
Terraform Labs Settles Civil Lawsuit with the SEC for $4.47 Billion The downfall of Terraform Labs and its founder serves as a poignant reminder of the complexities. Terraform Labs has reached a settlement with the SEC, agreeing to a substantial payment of approximately $4.47 billion
0 reply
0 recast
1 reaction