We cover the latest news about the investment market, stock markets and the world of cryptocurrency
Three Arrows Capital is approaching (https://debank.com/profile/0x4093fbe60ab50ab79a5bd32fa2adec255372f80e) ETH liquidation 👀
Factor "health" (Healthfactor) at around 1.03. As soon as it falls by 1 and below, there will be a liquidation for 211k ethers.
🚨 Liquidation at ETH price = $1014, now $1035
Cryptanalyst PlanB went for a run 🏃♂️
He told (https://twitter.com/100trillionUSD/status/1536637954935951365) that he moved BTC from $69k to $22k because he believed in $100k. But on such days, he sees no point in sitting in front of the monitor, it is worth turning it off and doing what you love to return in a week or more.
P.S. In the comments, we wish PlanB a happy journey and wangum how long he will have to run before the market reverses 👇
Tesla shares will be cut
The world's most valuable company has announced its second stock split. The previous split was made in August 2020, when the shareholders received 4 additional shares of the company.
Why is this being done
The purpose of the split is to increase the attractiveness and availability of shares on the stock market for the public. With its help, there is an increase in the number of shares of the company due to the same decrease in their value.
For example
The company's shares are traded on the market at a price of $1,200 a share. With a 12:1 split, shareholders have 12 times more shares (12 instead of 1), but they will be 12 times cheaper ($100 each, instead of $1200).
What will happen to the share price
The split is sometimes confused with an additional issue, which dilutes the share of shareholders. It's a delusion. When splitting, neither the shares of shareholders nor the total value of shares in the portfolio change.
A decrease in the value of shares makes them more accessible on the stock market. If many people are interested in the company, then the split can lead to a slight increase in shares. So for the shareholders, this is rather a positive development.
Details on when and in what respect the split will take place will be made public following a shareholder vote.
Now the shares are traded around $700 per share. They may well split into shares of $ 150-250. At the current dollar rate, a very tempting offer, which is not an investment recommendation.
❗️ Bitcoin touched $20,900, ETH — $1070
Some alts reacted quite positively and rebounded 10-15% from the local bottom.
Traders lost $1.24 billion per day
Celsius added liquidity and "moved (https://maker.blockanalitica.com/vaults-at-risk-simulation/?osm_drop=26)" liquidation price of 24k WBTC by $16,852
Next target for BTC? 🤔
200 WMA and RSI point to the passage of the bottom of bitcoin. I wonder if the Fed is aware of this or will they continue to dump 🤔
At the moment, the share of bitcoin jumped to 51%, after which it sank sharply below 45%. Many have already begun to buy, with altcoins, the altseason index has grown from 13 to 27 🤑
🔹 Top 3 in 24 hours:
Bitcoin SV - $55.47 (↑22.10%)
Fantom - $0.2478 (↑15.80%)
Gala - $0.0632 (↑15.63%)
Crypto market capitalization fell below $1 trillion for the first time since February 2021 📉
Algostable USDD lost 3% peg to USDT 🩸
And the pool on Curve runs out (https://twitter.com/kamikaz_ETH/status/1536245216944193536) of USDD liquidity. This means that liquidity buyouts from Tron DAO reserves will begin to restore the peg.
Reserves USDD:
• $440 million - BTC
• $240 million - USDT
• $158.6 million - TRX
All of the above protocol will sell on the market to buy off USDD and dump the price in case of a strong drop in USDD.
Draw your own conclusions
While the Fed remains silent on the rise in inflation in the US, more and more experts in the media are talking about the beginning of a recession.
Weekly digest:
🔸 On the Ropsten testnet for Ethereum, the transition to the POS algorithm has been successfully completed (https://www.coindesk.com/tech/2022/06/08/ethereums-ropsten-testnet-merge-imminent/)
🔸 Introduced to the US Senate draft regulation law focusing on the development of payment innovations 🗽
🔸 PayPal added (https://newsroom.paypal-corp.com/2022-06-07-PayPal-Users-Can-Now-Transfer-Send-and-Receive-Bitcoin-Ethereum-Bitcoin-Cash-and-Litecoin) the ability to withdraw bitcoin to third-party wallets
🔸 Developers of the TRON cryptocurrency allocated $100 million to buy BTC to secure the USDD stablecoin
🔸 40 more cryptocurrencies have been added to the Bloomberg financial terminal (https://twitter.com/TheTerminal/status/1534871067319316483)
“Bloomberg's market-leading coverage of cryptocurrency data on the Bloomberg Terminal has been expanded to include the top 50 crypto assets, including Bitcoin, Ethereum, Binance Coin, XRP, Solana and more. https://t.co/NknHawFOez”
The weekly RSI has almost touched its bottom, similar to the previous bear market low. But the current market does not depend on RSI, but on the actions of the Fed, so we remain realistic and wait for what they will say about the rate on June 15 🤔
The capitalization of the crypto market is slightly more than $1 trillion, the last time there was so little money in the crypt was in January 2021. The share of bitcoin in the market has exceeded 47%, but the prices for altcoins are becoming more attractive every hour. Just be careful and do not become a participant in the promotion - the second bottom is a gift 🙃
🔸 Successfully completed (https://www.coindesk.com/tech/2022/06/08/ethereums-ropsten-testnet-merge-imminent/) transition to the POS algorithm in the Ropsten testnet for Ethereum 🎉
🔸 SEC intends to introduce (https://www.investing.com/news/stock-market-news/wall-street-regulator-to-spell-out-push-to-overhaul-stock-trading-sources-2834750) new rules for the American stock market. Broker Robinhood and similar companies may be out of work
🔸 Citadel Hedge Fund Suspected of Scary Market Manipulation Decided financial-sources/) start trading cryptocurrencies
🔸 Microsoft will minimize (https://www.investing.com/news/stock-market-news/microsoft-cuts-russia-operations-due-to-ukraine-invasion-bloomberg-2834751) business in the Russian Federation, abandoning new transactions
🔸 Twitter will prepare (https://www.investing.com/news/stock-market-news/twitter-will-now-comply-with-musks-bot-data-request--report-432SI-2834944) report to Elon Musk about fake accounts. We are ready for anything, just not to give a discount 😊
🔸 Top 2 stablecoin USDC appeared (https://twitter.com/circlepay/status/1534182392587509762) in the Polygon network
Bitcoin sets a new hash rate record of 266.4 EH/s ⛏
Development cryptanalyst W***y Woo (https://twitter.com/woonomic/status/1534560496606531586) who went through the Surrender phase study first, but is not yet fully formed and there may be more pain ahead.
And in order not to be mistaken, he added that history may not repeat itself, because it should not have
💨 The French company Engie will start (https://www.bloomberg.com/news/articles/2022-06-01/google-and-france-s-engie-team-up-to-accelerate-wind-power) to use an experimental Google cloud-based AI system to improve the efficiency and capacity of wind farms.
The tech giant has partnered with DeepMind to develop software that predicts wind strength up to 36 hours ahead. It is expected that the system will make it possible to plan energy supplies to the power grid with high accuracy, taking into account the unpredictability of the elements.
Early tests showed that AI increased electricity generation by 20%.
📈 Engie will test the platform at wind farms located in Germany. By 2030, the company plans to increase the production of green electricity at least twice.
The utility is the first customer for Google’s cloud service that helps predict wind patterns.
The National Bank of Kazakhstan is studying the cryptocurrency market, but believes that it is too early to talk about the legalization of crypto assets. This was stated by the head of the Central Bank Galymzhan Pirmatov
source - https://forklog.io/v-tsb-kazahstana-zayavili-chto-ne-sobirayutsya-ignorirovat-rynok-kriptovalyut/
🔝The coin of the Ukrainian crypto exchange QMALL is in the TOP-15
The price of QMALL has risen 39 times from the original, which allowed the token to take a place in the top of the CryptoRank rating in terms of the maximum value increase and the current growth rate
Fantastic Beasts in Economics
A good name for unsuccessful managers. Today we are not talking about them, but about "unicorns".
A startup that has reached a capitalization of $1 billion in a short period of time is usually called unicorn or “unicorn” in the investment environment.
This term was first introduced in 2013 and is due to the fact that the share of successful startups of this level is not even 0.1% of the total number of projects.
Derivatives from this term appeared:
• decahorns — capitalization of which reached 10 billion rubles.
• super-unicorns — capitalization of 100 and more billion rubles.
• phoenix - a unicorn that has lost its value, but then revived with renewed vigor
• Icarus - a phoenix that crashed and could not reincarnate
There are others, but these are already variations.
The number of "unicorns" in the country indirectly indicates a comfortable climate for doing business. The leader who lassoed half of the animals is the USA. They are followed by India and China.
But China boasts Bucephalus in the world of fantastic horses, ByteDance, with a capitalization of about $150 billion.
⚡️ PayPal added (https://decrypt.co/102210/paypal-lets-users-transfer-bitcoin-and-ethereum-to-external-wallets) withdrawal of Ethereum and Bitcoin to cryptocurrency wallets
Crypto users can now move funds off its platform, a long-awaited feature similar to those of other popular services.
❌ Osmosis blockchain stopped (https://twitter.com/DU09BTC/status/1534419157109903361) due to hacker attack
The Osmosis network has been shut down for maintenance. Osmosis DEX and Wallet are currently out of service until repairs are completed.
The scammer withdrew more than $1 million to ATOM. The price of OSMO has not had time to fall yet, as operations on the network are frozen
🔥 STEPN proposed a plan to change the economy of the application
🔻 Problem 1: Cross-chain energy
Plan:
1. Each new network will allow you to get up to a maximum of 3 energy from other blockchains.
2. Each network in which you have sneakers gives +1 energy to the new network.
3. Additional energy received in the new grid will be limited to 3 in the first month, reduced to 2 in the 2nd month, and finally 1 in the 3rd month. Starting from the 4th month onwards, there will be no additional energy in the new network.
Example:
We launched a new network, let's say Matic. You bought 3 sneakers in the Matic network + you have 9 sneakers in BSC and SOL.
As a result, the player is entitled to 4 energy (4 from the Matic network) + 1 energy (from SOL) + 1 energy (from BSC) = 6 total energy in the new network in the first month.
🔻 Problem 2: Mint and selling running shoes without running
Plan:
1. Mint scrolls will appear in the game. They will drop out of Mystery Boxes (MB) after running. Therefore, the developers will lower the requirements for the MB. Now MB will drop for those who have 2 sneakers and 2 energy (now from 3 cross and 5 energy).
2. The "break" time after a minute will be increased from 48 hours to 72 hours.
🔻 Problem 3: Dynamic Mint Value
Plan:
1. Mint for GST will always be fixed, only the number of GMT will change. See the cost formula here (https://stepnofficial.medium.com/stepns-action-plan-for-game-economy-db67fcba405) + uploaded it to the chat.
🔻 Problem 4: Sneaker inflation
Plan:
1. Five pairs of shoes of the same quality can be synthesized into the next higher quality shoes.
2. Unlike gem upgrades, sneaker fusion won't be able to "fail", but there will still be a certain cost that needs to be paid under GST and GMT conditions.
3. The new shoe type (Walker / Jogger / Runner / Trainer) is likely related to the types of 5 pairs of sneakers that are used for crossbreeding.
Additional ideas:
1. Add a commission for listing sneakers so that bots do not attack the market.
2. Commission for the sale of sneakers can be dynamic depending on the GST rate.
This approach already looks more interesting
Over the past 5 days, we have received over 1,500 responses to our call for feedback from our community members. It was extremely…
Be the first to know and let us send you an email when Crptonomic posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.
Want your business to be the top-listed Media Company?
