🧙♂️ Vitalik Buterin and blockchain mysticism
There appears to be nothing to wonder about the world of Web3. However, it seems to be an endless source of wonder, cringe, and FUD.
A new day - new opportunities (and tricks). We hope you were not affected by yesterday's sudden Bitcoin downfall 😖
Well, frendz, stay strong and wait for a bull market! It’s the buidlbee crypto community here. And we have prepared for you another batch of useful information and activities. Here's what's exactly:
FUD and volatility appeared in the market - let's examine the possible reasons;
That’s the story: Vitalik Buterin argues with an Indian mystic about the purpose of blockchain;
How the ARK Invest founder Cathie Wood successfully invests and pressures the SEC;
Why pay attention to Filecoin?
5 must-have crypto research tools (remember DYOR?);
How to participate in Cheelee drop.
Let's quickly review the most interesting news of the day (stay tuned):
Arkham gave alerts about BTC movement from Mt.Gox accounts and U.S. authorities. Around the same time, Bitcoin's price fell 7%, from $29,800 to $27,78,000. Arkham said the alerts were erroneous and denied they could have influenced the market situation.
Introduced a project called Essence, which lets anyone create and run a validator (Oracle and Relayer) in less than 1 hour.
Crypto exchange Kraken refused to provide the U.S. Internal Revenue Service (IRS) with user data.
ZachXBT: Over the past 1.5 months, one person has created 114 meme coin scams with the same deposit address.
Sui Network ($SUI) listing on Coinlist.
TrustWallet users can now swap BabyDoge for other tokens directly in the wallet.
Binance CEO Changpeng CZ Zhao ranked 3rd on Bloomberg's "The New Finance Rich List" with a wealth of $28.2 billion.
South Korea's largest exchange, Upbit, has listed MultiversX (EGLD).
Cryptocurrency exchange Bitget pledges $10 million to develop the Fetch.ai ($FET) ecosystem.
Binance Futures will launch the BLUR perpetual contract with up to 20X leverage on April, 28. BLUR surged by 15%.
⏰False alarm or FUD attack again
Amid increased volatility, the total volume of liquidations for the day exceeded $350 million. News about the movement of large amounts of cryptocurrency by purses controlled by the US government and the Mt.Gox exchange turned out to be false — service Arkham commented on the DB Alert, calling what happened a mistake, after which Bitcoin gradually recovered to $29k.
Our brief analysis
Bitcoin rose sharply yesterday by about $2,000. Then fell about $2,000 and is now back up sharply by $1,000. All in the last 36 hours.
Mass liquidations wiped out the positions of both those who tried to long and those who tried to short. Everyone turned out to be wrong. And what are you betting on?
🔮 Vitalik Buterin argued with an Indian mystic about blockchain
The co-founder of Etherium talked to an Indian mystic Sadhguru, who founded the Isha Foundation, about the impact of the latest technology on human interaction.
During a virtual meeting organized by the reState Foundation, Vitalik Buterin and Sadhguru talked about blockchain, among other things Buterin explained to the mystic that the new technology simplifies human interaction in the digital world and can change human consciousness for the better.
However, the Indian mystic sees the situation differently, according to him, now too big a gap is created between the speed of technology development and the evolution of human consciousness, which does not have time to adapt to the rapid growth of information technology. As a result, man risks losing his identity.
Cathie Wood is so hot
Cathie Wood is persistent in investing in Coinbase: the last time she bought Coinbase stock in the fall of 2022, that stock nearly tripled in January 2023. Yesterday, Ark Invest bought Coinbase stock again for ~$8.6 million. Interestingly, this was done on the eve of the U.S. House of Representatives hearing on the regulation of digital assets in the U.S. (this has direct bearing on the fate of Coinbase). Maybe Cathie has some insight?
Cathie Wood is persistently pressuring the SEC: As Bloomberg reports, Cathie Wood's investment firm has applied for the third time to launch a Bitcoin-ETF. After each rejection, the insistent Cathie submits a new application to the SEC, which is starting to take the form of a protest. An explanation for the latest filing says that the initiative will provide protections for U.S. crypto investors that "do not currently exist."
👉 Opportunities
[1] 🔔 Why Filecoin?
Messari's latest #FIL report is out. The state of Filecoin in the first quarter of 2023:
Storage usage increased to >4% (+105% for the quarter);
Active transactions up 75% quarter over quarter;
Commission revenue up 5% in Q1.
Amid this excellent report, Filecoin is also actively working on the product:
It recently introduced its own virtual machine, FVM, which allows it to support smart contracts, opening up access to a world of decentralized applications, NFT, liquid bets and more.
Filecoin has a big network upgrade to v19 tomorrow.
[2] 🔔 Top 5 useful tools for crypto fan
TokenUnlocks is a coin unlocks tracking service. With this service, you can track unlocks by funding rounds and therefore know when players will drain their tokens (bright idea).
TweetDeck is a Twitter tool that allows you to customize your feeds and alerts. Must-have for finding gems and potentially profitable projects at an early stage. Probably the most important tab of the tool is "Activity". Here you can see all the likes and new subscriptions of those accounts (e.g. top traders) that you are subscribed to. More on how to use TweetDeck.
Dune is the best for research in DeFi. The tool allows you to retrieve data directly from the blockchain. It will be difficult for a beginner to make their own data dashboard, but there are often ready-made ones out there. Want to know how much a particular protocol earns? Keeping track of the whales? The service allows all that and more.
Messari - a cryptocurrency research tool, offers detailed data on various projects. For example, how many investors have contributed funds, and who are they? Charts, news, comparative metrics, and more are available for most of them. More than 175 indicators are available to tincture your own research. Of the minuses - the most useful tools of the platform are available only in the paid version.
TradingView is a tool for crypto charting and technical analysis. It offers dozens of technical indicators, heatmaps, drawing tools, screeners, and more. TradingView also allows traders to fully customize the chart screen, there are over 100,000 indicators and full Pine Script support, customizable alerts, etc.
[3] 🔔 How to earn Cheelee tokens ($CHEEL)
Cheelee is a short video platform with GameFi mechanics that allows users to earn from watching short videos. Cheelee has launched a $5M draw in CHEEL tokens.
To participate, you have to:
Follow this link and register (e.g., by joining a MetaMask wallet);
Complete all the quests on Zealy (ex-Crew3) - e.g. sign up for social media, download the app, register an account, connect a wallet, get free NFT points, catch a box of tokens by leafing through the app, etc;
After the end of the drop, get CHEEL tokens in your wallet.
Break a leg, guys! Meet us again tomorrow with a batch of useful information and analysis.
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