Mikhail

@sleepymishka

546 Following

218 Followers

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Vitalik Buterin

I am noticing that the most successful new ideologies of the past decade are very object-level (prescriptions on specific issues) and quite little meta-level (social processes for making decisions on object-level issues). Examples: * Abstract libertarianism feels much weaker than 10 years ago. But issue-specific versions of it are quite successful: YIMBY (housing), the crypto space * e/acc (it's about all technology in theory, but ends up being about AI in practice) * The largest cluster in effective altruism morphed from being meta-level ("think harder to making sure your donations are going where they can do the most good!") to object level (AI safety, with a little bit of animal welfare and global public health) * Longevity movement Maybe network states and Glen and Audrey's Plurality movement are two exceptions - but in general the above feels like a strong pattern. Any ideas why this meta level -> object level shift seems to be taking place?

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The turbulent first half of 2024 had a positive impact on almost every segment of the crypto market. In addition to Bitcoin continuing to rise following the introduction of the first US exchange-traded funds based on spot BTC, cryptocurrencies in general showed positive results. Binance Research analysts released a report on crypto market performance in the first half of 2024. They believe that the dynamics may continue and even intensify in some of its individual directions.

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US-sanctioned crypto mixer Tornado Cash recorded an influx of deposits of $1.8 billion in the first half of 2024. This is 45% more than for the whole of 2023. Since the end of May, the volume of funds inside the Office of Foreign Assets Control (OFAC) sanctioned cryptomixer Tornado Cash has grown by more than 20%, exceeding 170,000 ETH ($550 million), according to the dashboard dedicated to the mixer statistics on the Dune service. In comments to Bloomberg, a representative of the analytical company Chainalysis said that other similar services have become active in 2024, including JoinMarket or the Wasabi crypto wallet with a built-in mixer function.

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The number of bets on the Polymarket cryptocurrency platform reached a record after the assassination attempt on Donald Trump, and the likelihood of his victory in the November elections has increased. According to traders at the largest cryptocurrency forecasting market, Trump's chances are estimated at 72%, compared with 18% for Biden. According to the Polymarket website, on the night of July 14, Moscow time, Trump’s chances were 60%, and on the morning of July 15 - already 71%.

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Since the start of the bull market in 2020, the Ethereum blockchain has experienced a significant increase in network fees, which rarely fell below $3 per transaction, reaching hundreds of dollars at times of peak activity. The founder of the second largest cryptocurrency by capitalization, Vitalik Buterin, called the situation a security threat to the entire network, calling for reform of transaction mechanisms. Network fees on the Ethereum blockchain are determined by market demand for processing transactions on the network. At times of increased user activity, the cost of operations can rise to enormous levels. The transaction fee also depends on its complexity. A regular token transfer will be a simple transaction, but interaction with decentralized finance applications is more complex. The difference in prices can exceed hundreds of times.

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Have a nice day ☀️

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According to analysts, the German government has continued to transfer confiscated bitcoins to the wallets of exchanges and market makers since the beginning of July. According to information about the wallet, half of the 50 thousand bitcoins that were originally present on it have already been sold. However, transfers of coins are not necessarily related directly to their sale on the market.

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Listing a cryptocurrency is the process of adding a token or coin to any trading platform that provides the opportunity to exchange cryptocurrency for fiat currencies or other assets. Accordingly, delisting is the process of stopping trading of a selected cryptocurrency on any platform. Listing in cryptocurrencies has the same goals as in the case of company shares on traditional exchanges. Namely, creating a safe trading environment for stakeholders. For example, for early investors this is an opportunity to make a profit, for issuers of tokens - to make a profit immediately, attract new users and income in the future, for traders - to speculate on cryptocurrency quotes or buy or sell them for other user purposes.

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what kind of country? Very beautiful

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Every day, hundreds and even thousands of meme tokens appear on the crypto market. Most of them get no coverage and immediately drop to zero. But sometimes a coin shoots up: it rises in price a thousand times in a matter of days and brings millions of dollars in profit to its creators, insiders and lucky traders. One of the latest examples is the MOTHER token, created in honor of the Australian singer Iggy Azalea. The coin was launched on the Solana network at the end of May and has since risen in price hundreds of times. During listing on the decentralized exchange Raydium, it was possible to buy MOTHER for approximately $0.0005, at the moment the price rose to $0.24, at the time of publication (July 8, 2024) the asset costs $0.03.

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The cryptocurrency market is experiencing a downturn, caused, as QCP Capital experts believe, by the activity of wallets associated with the German government, as well as payments from Mt. Gox. Analysts predict further price declines. “Bitcoin miners are showing signs of capitulation. Historically, this was associated with reaching a local bottom, while the last comparable decrease in the hashrate of the Bitcoin network was in 2022, when the first cryptocurrency was trading at $17 thousand,” the experts wrote.

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As a result of the seizure of assets from criminals, states became one of the largest holders of the main cryptocurrency. While investors buy Bitcoin on the open market by investing real money, governments are more likely to obtain Bitcoin by confiscating “digital gold.” Of all the Bitcoin-holding countries, only El Salvador is actively buying Bitcoin (since 2021), and also mining the cryptocurrency as part of the Volcano Energy government initiative, which uses geothermal sources as energy. According to the message of the President of El Salvador, Naibu Bukele, who published the official state Bitcoin address, there are more than 5.8 thousand BTC in the account of the country that has accepted BTC as a means of payment. Neither the US, nor China, nor the UK, nor Germany have ever officially purchased cryptocurrency. However, thanks to confiscations from criminals, governments of large countries have been able to accumulate crypto assets worth billions of dollars.

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Perpetual futures (perpetual swaps or perpetual futures) appeared in 2016, becoming the most popular derivative on the crypto market. On the BitMEX exchange alone, which was the first to launch them, the trading volume of these instruments since their introduction has exceeded $3 trillion. Daily trading volumes in cryptocurrency-based perpetual futures exceed hundreds of billions of dollars, outpacing other traded futures instruments.

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Since the end of June, bets on the Polymarket crypto platform have noticeably increased that Joe Biden will withdraw his candidacy from the US presidential race. The voting pool is already almost $10 million, and 75% of its participants are betting on a positive outcome.

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Very beautiful man, wow 🤩

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чел будто после бодуна

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The fortune of Vitalik Buterin, the founder of Ethereum, the second largest cryptocurrency by capitalization and the ecosystem of the same name, exceeded $850 million. Since the beginning of January 2024, the growth of his crypto portfolio in dollar terms has been about $300 million, or 54%. The analytical company Arkham came to this conclusion after studying the public addresses of Buterin’s blockchain.

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There is a summer lull in the digital asset market. Global annual trends in cryptocurrencies directly correlate with the policies of the American banking regulator, the Federal Reserve. In simple terms, the period of the cycle of reducing bank rates is favorable for the crypto market and an increase in depository interest is contraindicated.

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