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- 😱 BitBoy Crypto's Shocking Betrayal: Promised Lockdown Turns to 'Rug Pull' Event
😱 BitBoy Crypto's Shocking Betrayal: Promised Lockdown Turns to 'Rug Pull' Event
🐸 Riding the MemeCoin Wave: The Pepe Coin (PEPE) Adventure!
DeFi God
May 18, 2023
Hola, family 🫶 We know you have been waiting patiently for today’s crypto juice. So, without a delay, let’s get started
🔥 What's hot today 🔥
😱 BitBoy Crypto's Shocking Betrayal: Promised Lockdown Turns to 'Rug Pull' Event
🐸 Riding the MemeCoin Wave: The Pepe Coin (PEPE) Adventure!
🚨 SEC Rings Security Alarm on Filecoin Trust: Grayscale In The Spotlight
🏃 Uniswap Coming Soon on Polkadot's Moonbeam!
🔥 Coinbase Leaps Forward: SUI Token Trading Begins
📚 Market analysis of the day
🐦 Tweet of the day
🧠 Wisdom of the day
😱 BitBoy Crypto's Shocking Betrayal: Promised Lockdown Turns to 'Rug Pull' Event
BitBoy Crypto stunned fans, selling all his BEN tokens📉 just six days after vowing to lock them for six months, prompting backlash and concerns about 'rug pull' tactics in the crypto community. Despite the controversy, BEN maintains a $29.5M market cap.
.@Bitboy_Crypto swapped all 1T $BEN he own for 44.7 $ETH ($81K).
These 1T $BEN are send from @eth_ben to @Bitboy_Crypto at initial launch.
Just 6 days ago, he promosied he will not sell $BEN for 6 months.
watchers.pro/address/0xf89e…
— 0xScope (🪬 . 🪬) (@ScopeProtocol)
3:01 AM • May 18, 2023
🐸 Riding the MemeCoin Wave: The Pepe Coin (PEPE) Adventure!
Savvy investors and NFT influencers have been raking in profits 💰 from the memecoin hype. The catch? Single-coin investment seems to be the winning strategy.🎖️ NFT influencers "Vince_Van_Dough" and "ohhshiny" hit the jackpot 🎰 by dealing solely with PEPE. However, influencers like "ColeThereum," "dingalingts," and "boredGenius" who spread their bets across multiple memecoins experienced losses.
1/ Are NFT influencers making money on #MEME coins?
Here are 8 NFT influencers, 4 of which made money on #MEME coins.
It seems that the more #MEME coins you trade, the easier it is to lose money.
Let's see how they trade on #MEME coins.👇
— Lookonchain (@lookonchain)
12:38 PM • May 15, 2023
🚨 SEC Rings Security Alarm on Filecoin Trust: Grayscale In The Spotlight
The US SEC has advised Grayscale Investments to withdraw its Filecoin Trust application, suggesting the asset could be seen as a security. Grayscale disputes this, insisting Filecoin isn't a security and is readying a response for the SEC. This follows SEC's recent crackdown on crypto offerings. Filecoin's price dipped but rebounded swiftly.
ANNOUNCEMENT: 5 new products have been added to the @Grayscale line up!
Basic Attention Token $BAT
Chainlink $LINK
Decentraland $MANA
Filecoin $FIL
Livepeer $LPTInterested? grayscale.co/startinvesting/
— Sonnenshein (@Sonnenshein)
1:00 PM • Mar 17, 2021
🏃 Uniswap Coming Soon on Polkadot's Moonbeam!
Uniswap is gearing up to launch on Polkadot's Moonbeam parachain, marking a monumental leap in the DeFi landscape. 🚀 This integration promises enhanced interoperability, improved efficiency, and opens the door for new opportunities in the booming DeFi ecosystem.
1/ @Uniswap - the most popular decentralized exchange by daily traded volume - is coming to Polkadot via the @MoonbeamNetwork parachain, increasing volume & liquidity across the ecosystem! http
— Polkadot (@Polkadot)
1:04 PM • May 17, 2023
🔥 Coinbase Leaps Forward: SUI Token Trading Begins
Coinbase, America's top cryptocurrency exchange, has started supporting SUI token trading from May 18, 2023. However, this 'Experimental' class token needs to meet liquidity criteria before its full-fledged launch. Simultaneously, Coinbase is exploring more crypto options, including the addition of Osmosis (OSMO), a Cosmos ecosystem DEX.
Coinbase will add support for Sui (SUI) on the SUI network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @coinbase & @Coi@coinbaseExchthe regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets)
3:50 PM • May 17, 2023
📚 Market analysis of the day
Recent data from Bitfinex analysts suggest we're entering the early stages of a bull market for Bitcoin (BTC), despite the cryptocurrency's current price dip. 📊 Key indicators include robust network activity, surging BTC transaction fees, and the launch of bitcoin-based smart contracts on the decentralized exchange, Trustless Market. Miners may see increased revenue from transaction fees as new bitcoin issuance diminishes. On the flip side, higher fees could deter some users, with the network seeing near-historic lows in new and active addresses.
I've been following this chart for a while and marked that level at 8.20-8.65% as a potential support for #altcoins.
Altcoins bottom out one year before the halving. That's approximately right now.
Good bounce and a potential weekly bullish divergence start to pop up.
— Michaël van de Poppe (@CryptoMichNL)
6:47 PM • May 17, 2023
🐦 Tweet of the day
Is There a 'Backdoor' in Ledger?
Here's What's Going On, and How to Keep Your Crypto Safe.
— Defi God ⟠ thedefigod.eth 🇮🇳 (@_defi_god_)
11:50 AM • May 17, 2023
🧠 Wisdom of the day
💡 What Is Account Abstraction?
Account abstraction is a proposed modification to Ethereum wallets intended to enhance simplicity and user-friendliness, potentially boosting mainstream adoption. The proposal introduces various features, including
Social recovery for wallet retrieval through whitelisted accounts instead of seed phrases
Multi-signature security akin to two-factor authentication
Improved transactions that permit multiple transactions to be bundled into one. Additionally, it would allow protocols to cover user transactions.
🚀 What problems does it solve?
Account abstraction is a proposed solution to the cumbersome and risky nature of managing non-custodial wallets in the cryptocurrency sector. In the current system, forgetting a password to a hot wallet can result in total loss of funds if the seed phrase isn't stored, posing a significant barrier to new crypto users. Centralized exchanges, despite their drawbacks, often seem more appealing due to this risk.
Account abstraction aims to alleviate this issue by offering a more user-friendly, secure way to manage crypto wallets, thereby making cryptocurrency more accessible and less intimidating for novices.