KateCrypto (katecrypto)

🪀 Tether may finally become a more transparent company During the process of raising $20 billion, potential investors and bankers insisted on increasing transparency within Tether’s internal operations. ⏸️ As a result, the deal has been put on hold — the company is waiting for the results of its first full financial audit, being conducted by one of the Big Four firms. This is the most extensive audit in Tether’s history, as the company has not been known for high transparency in the past — which regularly fueled FUD around it. After the audit, questions about Tether will either be fully resolved or, on the contrary, confirmed 🤨

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Global Wealth Pyramid: $470.5 trillion ▪️ 1.6% of the wealthiest individuals hold assets of $1M+ and control 48% of all the world’s money — $226.5 trillion. ▪️ 16.4% have accumulated between $100k and $1M, accounting for 39.2% of global wealth — $184.5 trillion. ▪️ 41.3% have saved between $10k and $100k, yet they hold only 12.1% of the world’s wealth — $56.8 trillion. ▪️ 40.7% of the world’s adult population make up the poorest group, with assets below $10k, and share the remaining 0.6% — $2.7 trillion. What has changed over the past few years? The rich have become even richer

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Top countries with the largest amount of BTC 🏆 ▪️ USA – 198,012 BTC ($24.6B) ▪️ China – 194,000 BTC ($24.1B) ▪️ United Kingdom – 61,245 BTC ($7.6B) ▪️ Ukraine – 46,351 BTC ($5.7B) ▪️ Bhutan – 11,286 BTC ($1.4B) Just look at the gap between the 6th and 7th countries. Madness 👀

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@katecrypto Smart money is buying ETH fear, I think it's time to pump. ETH has gone through all the stages from denial to acceptance. Specifically, Trump's company is greedily buying ETH, so far everyone is afraid. It's time for ETH to shoot up to $5000. But there is a problem, SOL ETF and XRP ETF will be approved soon. I think ETF flows into ETH will slow down at the moment, since SOL and XRP will take over the main traffic. At this point, SOL may flip ETH in capitalization on the back of this news. ETH will grow if the key rate starts to decline, since in the current conditions, staking 3.3% is not so profitable for investors + ETH volatility risks. It is easier for institutions to buy treasuries and sit on dollars. P.S. All that remains is to wait, nothing can be done. All we can do in crypto is wait.

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Fuel - tokenomics and fast drop They stirred up interest for a long time, but finally made an announcement about their tokenomics. Abstracts: 🟢Total supply - 10 billion tokens 🟢Allocated to the community - 20%. Moreover, this 20% will go directly to TGE 🟢FUEL will be released to the community based on various eligibility criteria including participation in the Fuel Points program and incentivized testnet 🟢TGE will be available within 2 weeks 💰Let me remind you that Fuel raised $81 million. If we take the FDV of the same Movement (7.6 billion), which collected $40 million, then the drop looks Fuel looks too sweet, because the investment here is x2 and the drop is also x2 I don’t want to make any guesses, we are waiting for announcements

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🤨 Tether problems again? Consumers Research ( https://cointelegraph.com/news/consumer-watchdog-group-issues-warning-tether-transparency ) criticized Tether for the lack of transparency of dollar reserves. It also mentioned that Tether does not have a full audit of reserves. ✏️ S&P Global rating agency gave Tether a stability rating of 4/5, when 5 is the worst indicator. After so many fads with Tether, nothing surprises you anymore 🤷

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BITCOIN CAN NOT ONLY SOAR THREE TIMES IN A FEW MONTHS, BUT ALSO CRASH BY 80% IN A FEW HOURS! I just want to remind those who may have forgotten due to the rise in price: Bitcoin can fall just as quickly as it can rise. For example, in April 2013, it fell 5 times: from 269 to 51 dollars. Reasons: 1) the rapid rise in price from 13 to 269 dollars should have ended in a correction 2) The largest crypto exchange at that time, MtGox, collapsed 3) Fear and panic due to the collapse of MTgox provoked a sales snowball Despite this, Bitcoin did not die, but even recovered and rose to $1,000 at the end of 2013. This crash taught me a lot, including the following: - Volatility is the price of the crypto market opportunity. - Do not blindly trust centralized exchanges. - Safety matters. - Resilience, confidence and patience win in cryptocurrency Could something like this happen again now?

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