Archi Pixel

@choptop

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7 Followers

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Tether CEO: The recent MiCA law passed by the EU (at least 60% of stackcoins held in EU bank accounts) poses a threat to stackcoins The problem with MiCA is that instead of making the system safer, it actually creates an incredibly large systemic risk He also noted that cash deposits in the EU are only insured for up to $100,000, which is insufficient for large steblecoin issuers like Tether. Ardoino cited the collapse of California's Silicon Valley Bank (which had significant USDC reserves) in 2023 as a cautionary tale.

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Michael Sailor claims to personally own over $1 billion worth of BTC

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Shares of Meta, $META, soared more than 8% after beating Q2 2024 earnings expectations. Meta reported Q2 2024 EPS of $5.16, above expectations of $5.72, and revenue of $39.1 billion, above expectations of $38.3 billion. The company also reported that it now has 3.27 billion daily active users, above expectations. More than 40% of the entire global population uses Meta's platforms on a daily basis. Solid quarter for $META.

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Nvidia, $NVDA, officially increased its market value by $330 billion today. This is the largest single-day increase in market value of any stock in history. Including the current after-hours movement, Nvidia added $390 billion dollars today. Truly insane numbers.

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Zircuit announced the closing of a new round of investment with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital and more.

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Infographic: Top blockchains by volume growth on DEX over the past 7 days Mantle $296 million +131.9% Avalanche $131 mln +58.6% Manta $22.3 mln +52.4% THORChain $864 mln +51.8% Starknet $104 mln +45.1% Scroll $171 mln +32.8% Base $4.05 bln +31.9% TON $116 mln +30.7%

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BlackRock's tokenized fund BUIDL has reached a saple of ~$500 million Ondo Finance recently acquired more BUIDL, which it uses as a supporting asset for its OUSG token. Ondo Finance currently has ~$174 million in BUIDL tokens.

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The Fear and Greed Index fell to 27 - the lowest in a year and a half

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It's funny to see cryptocurrency opinion leaders trying to outdo each other in pessimism after the market corrected by more than 30%. As for me, I prefer to buy when everyone is as pessimistic as possible. The crypto market's greed and fear index is at the fear level right now, and that's usually a good time to buy. For altcoins, the index is probably close to extreme fear👀

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Inflation is moving in the right direction, but not fast enough to lower interest rates More favorable data are needed to give them more confidence that inflation is moving steadily toward 2% Several meeting participants noted that if inflation remains elevated or continues to rise, the target range for the federal funds rate may need to be raised. The summary also noted that the overwhelming view is that economic growth is gradually slowing and that current policy is restrictive.

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Good morning, everyone. Any worries about the market?

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For BTC, I wanted to start with what I consider to be the worst case scenario. Let's say $48-51k. Basically, 20-25% lower. And in that scenario, people should become more optimistic the lower it goes, because the upside potential increases.

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President of The ETF Store: ETH-ETF launch date is expected to be July 15

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Buterin: Prediction Marketplaces and Community Notes are emerging as the two flagship social technologies of the 2020s.

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