Bitcoin dips below 60k. All US miners are now in the red. They have to continue selling all $BTC to make ends meet. This is the worst case scenario we described in March. because of miner centralization, their actions and economic planning have an outsized effect on the price of bitcoin.
What’s more. All ETF buyers are now sitting in losses. Wait for them to capitulate and we ‘ll revisit 48k easily
🩸 #bloodinthestreet
By late August/September job losses will mount rapidly and the Fed will start cutting rates into dramatically deteriorating economy. Contrary to expectations stocks will not rally but the AI dream valuations will finally burst.
💥 Markets are always right.
What’s more. All ETF buyers are now sitting in losses. Wait for them to capitulate and we ‘ll revisit 48k easily
🩸 #bloodinthestreet
By late August/September job losses will mount rapidly and the Fed will start cutting rates into dramatically deteriorating economy. Contrary to expectations stocks will not rally but the AI dream valuations will finally burst.
💥 Markets are always right.
Confirmed true by Reuters
Under Japanese Law aka like FTX, Mt Gox creditors will get $483 per Bitcoin in Bitcoin. Thats 0.008 $BTC per $BTC held at the time. The $9b becomes only $72 million paid to customers.
Thoughts: Now will the exchange, the attorneys, the government of Japan, keep the remaining Bitcoin? Will this save the Yen?
This is the worst possible outcome for both creditors and current investors. Creditors get raked and Japan will likely do exactly what Germany and US are doing. That means a majority of this $9b hits markets. Not good.
Under Japanese Law aka like FTX, Mt Gox creditors will get $483 per Bitcoin in Bitcoin. Thats 0.008 $BTC per $BTC held at the time. The $9b becomes only $72 million paid to customers.
Thoughts: Now will the exchange, the attorneys, the government of Japan, keep the remaining Bitcoin? Will this save the Yen?
This is the worst possible outcome for both creditors and current investors. Creditors get raked and Japan will likely do exactly what Germany and US are doing. That means a majority of this $9b hits markets. Not good.
Aptos Foundation Proposes Deployment of Aave V3 on Aptos Mainnet
According to Odaily, the Aptos Foundation has proposed a temperature check to deploy Aave V3 on the Aptos mainnet. Currently, Aptos is gathering feedback from the Aave governance community to further advance subsequent work.
The proposal is in its early stages, and the foundation is actively seeking input from the Aave community. The feedback will be instrumental in shaping the future direction of the project and ensuring its successful implementation.
The deployment of Aave V3 on the Aptos mainnet, if approved, could bring significant changes to the platform. However, the specifics of these changes and their potential impact are yet to be determined. The Aptos Foundation is committed to maintaining transparency throughout the process and will continue to update the community as the proposal progresses.
According to Odaily, the Aptos Foundation has proposed a temperature check to deploy Aave V3 on the Aptos mainnet. Currently, Aptos is gathering feedback from the Aave governance community to further advance subsequent work.
The proposal is in its early stages, and the foundation is actively seeking input from the Aave community. The feedback will be instrumental in shaping the future direction of the project and ensuring its successful implementation.
The deployment of Aave V3 on the Aptos mainnet, if approved, could bring significant changes to the platform. However, the specifics of these changes and their potential impact are yet to be determined. The Aptos Foundation is committed to maintaining transparency throughout the process and will continue to update the community as the proposal progresses.
Solana's Jupiter DEX Integrates PayPal's Stablecoin PYUSD
According to BlockBeats, Solana's decentralized exchange (DEX), Jupiter, has integrated PayPal's stablecoin, PYUSD, as of July 1. The integration will allow PYUSD to be available across all payment platforms integrated with Jupiter, including Sphere Labs and Helio Pay.
The integration of PYUSD into Jupiter's ecosystem is a significant development, as it expands the range of digital assets available on the platform. It also provides users with more options for transactions, potentially increasing the platform's user base and transaction volume.
The integration of PYUSD into Jupiter's ecosystem is a significant development, as it expands the range of digital assets available on the platform. It also provides users with more options for transactions, potentially increasing the platform's user base and transaction volume.
The integration of PayPal's stablecoin into Jupiter's platform also signifies a growing trend of traditional financial institutions venturing into the digital asset space. This move could potentially pave the way for more collaborations between traditional financial institutions and blockchain-based platforms in the future.
According to BlockBeats, Solana's decentralized exchange (DEX), Jupiter, has integrated PayPal's stablecoin, PYUSD, as of July 1. The integration will allow PYUSD to be available across all payment platforms integrated with Jupiter, including Sphere Labs and Helio Pay.
The integration of PYUSD into Jupiter's ecosystem is a significant development, as it expands the range of digital assets available on the platform. It also provides users with more options for transactions, potentially increasing the platform's user base and transaction volume.
The integration of PYUSD into Jupiter's ecosystem is a significant development, as it expands the range of digital assets available on the platform. It also provides users with more options for transactions, potentially increasing the platform's user base and transaction volume.
The integration of PayPal's stablecoin into Jupiter's platform also signifies a growing trend of traditional financial institutions venturing into the digital asset space. This move could potentially pave the way for more collaborations between traditional financial institutions and blockchain-based platforms in the future.
#Ethereum
It is a whole lot of hopium to believe that ethereum is on the track of NVDA or AMZN. These companies had compelling plans for year over year growth and historical revenue growth to back it up. Ethereum has the opposite. NFTs are dying, onchain trading is moving to other chains, network fees are trending lower. This is really classic top of bubble delusion you see every cycle
It is a whole lot of hopium to believe that ethereum is on the track of NVDA or AMZN. These companies had compelling plans for year over year growth and historical revenue growth to back it up. Ethereum has the opposite. NFTs are dying, onchain trading is moving to other chains, network fees are trending lower. This is really classic top of bubble delusion you see every cycle
Mining
In June 2019, #ALT / #BTC pairs capitulated to the range lows just before the Fed cut interest rates. We find ourselves at a similar spot in June 2024.
☝🏻While every influencer out there called for an altseason we remained bearish. Protect your capital and don’t listen to random shillers.
Yes alts will bounce eventually but no one can find the bottom.
Yes alts will bounce eventually but no one can find the bottom.
A whale dumped 26,600 $ETH($82.5M) at $3,102 to repay the debt on #Aave, causing the price of $ETH to drop by 3.4%.
Then created a new wallet and borrowed 80.9M $USDT from #Aave to buy 26,235 $ETH at a lower price of $3,084.
His current health rate is 1.9 and the liquidation price is $1,625.
Address:
0x931433324e6b0b5b04e3460ef3fb3f78dda3c721
0xa339d279e0a3a9ede11eceac2ec9529eebdae12c
Then created a new wallet and borrowed 80.9M $USDT from #Aave to buy 26,235 $ETH at a lower price of $3,084.
His current health rate is 1.9 and the liquidation price is $1,625.
Address:
0x931433324e6b0b5b04e3460ef3fb3f78dda3c721
0xa339d279e0a3a9ede11eceac2ec9529eebdae12c
Crypto Trader loses ~$2M betting on Joe Biden for the 2024 US Election.
Only three weeks ago Joe Biden seemed like a low risk and relatively safe bet to be not only the Democratic Nominee but potentially also the 2024 US presidential elect. But all that changed after a disasterous debate left the Democratic Party scrambling and in complete dissaray.
For one unfortunately gambler trader (by the name of:
AnonBidenBull) that relatively safe "bet" ended up costing them ~$2M:
[LOST] ~$1.85M betting Joe would be the Democratic Presidential Nominee
[LOST] ~$38K betting Joe would win the Popular Vote
[LOST] ~$104K betting Joe would win the 2024 Presidential Election.
Maybe... Next time you lose $100 getting rug pulled on the newest Shitcoin... Don't feel so bad.
Only three weeks ago Joe Biden seemed like a low risk and relatively safe bet to be not only the Democratic Nominee but potentially also the 2024 US presidential elect. But all that changed after a disasterous debate left the Democratic Party scrambling and in complete dissaray.
For one unfortunately gambler trader (by the name of:
AnonBidenBull) that relatively safe "bet" ended up costing them ~$2M:
[LOST] ~$1.85M betting Joe would be the Democratic Presidential Nominee
[LOST] ~$38K betting Joe would win the Popular Vote
[LOST] ~$104K betting Joe would win the 2024 Presidential Election.
Maybe... Next time you lose $100 getting rug pulled on the newest Shitcoin... Don't feel so bad.
JUST IN: $366 million liquidated from the cryptocurrency market in the past 60 minutes.
Solana = CIA
Founder is jewish ukranian american. Early investors are accredited american VCs. Very non-cypherpunk philosophy, extremely unfair launch. Involvement with SBF.
CIA is often behind similar things, like TOR, Crypto AG and Signal. And they confirm to have many crypto projects.
CIA has good ties to tech-companies and officers most often continue working at tech after retiring at CIA. The founders are from tech companies.
Founder is jewish ukranian american. Early investors are accredited american VCs. Very non-cypherpunk philosophy, extremely unfair launch. Involvement with SBF.
CIA is often behind similar things, like TOR, Crypto AG and Signal. And they confirm to have many crypto projects.
CIA has good ties to tech-companies and officers most often continue working at tech after retiring at CIA. The founders are from tech companies.