The Crypto Hub

Crypto speak: Cryptosis “Cryptosis” is a word used to describe an insatiable craving for knowledge about cryptocurrency. It sounds like the name of a disease, but here, it’s a friendly one. Symptoms include forum activity, active conversations about cryptocurrency with friends (which sometimes look like monologues), and minimizing risks when trading. Do you have these symptoms? @The_Cryptos_Hub 💰

The U.S. government just MOVED over $1 BILLION in Bitcoin linked to the Bitfinex hack, per LookOnChain. A government-linked wallet transferred 12,267 BTC on October 8, following roughly $670 MILLION in crypto movements over the previous 24 hours. Some assets were sent to Coinbase Prime, raising market attention over 'potential' SELLING pressure. No Bitcoin sale has been confirmed. @The_Cryptos_Hub 💰

🇺🇸 ETF FLOWS: BTC, SOL and XRP spot ETFs saw net inflows last week, while ETH spot ETFs saw net outflows. BTC: $241.09M ETH: - $138.02M SOL: $2.43M XRP: $4.74M @The_Cryptos_Hub 💰

Bitget distributes 1.9M USDT to 760,000 users in the first batch of its Stand Together Program, says CEO Gracy Chen. @The_Cryptos_Hub 💰

JUST IN: The Bitcoin Fear & Greed Index is now up to 74, "Greed" 👀 @The_Cryptos_Hub 💰

Inflation in cryptocurrencies In the crypto world, just as in the real world, there is inflation, an asset depreciating over time. Inflation in cryptocurrencies occurs when too many new coins are issued. A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year. Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation. But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything. However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions. @The_Cryptos_Hub 💰

Belarus has registered its first-ever crypto banks, with the new institutions required to be accredited by the National Bank of Belarus before starting operations. @The_Cryptos_Hub 💰

Total Supply in Crypto When diving into the world of cryptocurrency, understanding the concept of total supply is crucial for investors, traders, and enthusiasts. Total supply refers to the entire amount of a cryptocurrency that will ever exist, minus those that have been permanently removed or "burned." This metric provides a comprehensive view of the cryptocurrency's overall landscape. Take Bitcoin as an example. Its total supply is capped at 21 million, meaning there will never be more than 21 million Bitcoins in existence. However, the circulating supply, a subset of the total supply, represents the amount of Bitcoin currently available for trading and transactions. If some Bitcoins are burned or removed from circulation, the circulating supply decreases, but the total supply remains unchanged. Understanding total supply is vital for making informed investment decisions, predicting market trends, and assessing a cryptocurrency's potential for growth. By keeping an eye on total supply, you’ll be better equipped to navigate the dynamic world of cryptocurrency and make smarter choices. @The_Cryptos_Hub

Spot Bitcoin ETFs have taken in MORE than they’ve lost this month. From September 1–18, positive-flow days totaled $1.76 BILLION, while negative-flow days totaled $1.45 BILLION. That leaves a net inflow of $313.4 MILLION. @The_Cryptos_Hub

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Strategy has repurchased $139 million of STRC shares, leaving its bitcoin holdings unchanged. Its total holdings account for roughly 4% of the 21 million bitcoin supply cap, worth roughly $66 billion. @The_Cryptos_Hub

What is copy trading? It’s a trading strategy in which a user (a copy trader) copies or mimics the trades of a leading trader (lead trader). In other words, you can go to a special platform, choose a successful lead trader based on their rating, and repeat their trades. And many platforms allow you to automate this process. The pros and cons of copy trading are quite obvious. On the plus side, it’s easy to enter the world of trading, and there is no need to learn complex trading skills. On the downside, however, no trader is successful 100% of the time, and of course, there are no guarantees of profitability. @The_Cryptos_Hub

JUST IN: Coinbase CEO Brian Armstrong says Bitcoin can realistically hit $400,000 by 2030. @The_Cryptos_Hub

What is Yield Farming? Yield farming, also known as liquidity mining, is a lucrative practice in the cryptocurrency space where users provide liquidity to decentralized finance (DeFi) protocols in exchange for rewards. By locking up their crypto assets in a smart contract, users facilitate trading on decentralized exchanges or lending platforms, earning additional tokens or a percentage of transaction fees. Example: One provides liquidity to a DeFi protocol by locking up their Ethereum, earning 5% annual interest in the form of additional tokens. This passive income stream allows them to grow their crypto wealth without actively trading. Yield farming offers a unique opportunity to earn passive income and contribute to the DeFi ecosystem. However, it's crucial to carefully assess the risks and rewards associated with each protocol to ensure a successful harvest. @The_Cryptos_Hub

🇺🇸 The SEC proposed modernizing transfer agent rules, last updated in the early 80s, to reflect the use of blockchain in securities offerings and share transfers. @The_Cryptos_Hub

The Backbone of Blockchain Security. Hash functions are the unsung heroes of blockchain technology. These mathematical wizards take input data of any length and transform it into a fixed-size string of characters, known as a hash. This hash serves as a digital fingerprint, verifying the integrity and security of transactions on the blockchain. In Bitcoin, the SHA-256 hash function plays a crucial role in the proof-of-work mining process. Think of it like a digital DNA test, ensuring the authenticity and immutability of transactions. With hash functions, the blockchain can maintain its integrity and trustlessness, making secure transactions possible. @The_Cryptos_Hub

JUST IN: 85,000 blocks remaining until the next Bitcoin Halving. @The_Cryptos_Hub

BREAKING: Michael Saylor's Strategy buys 4,603 Bitcoin for $370M, marking its first BTC purchase in 10 weeks. The purchase was funded through $602.8M in net proceeds from MSTR share sales. Strategy now holds 845,050 BTC at an average cost of $75,412 per BTC, with an unrealized profit of $2.61B. @The_Cryptos_Hub

Crypto Speak: Sound money “Sound money” is the concept of money that has stability and is able to retain its purchasing power over time. The main characteristics of such money are: 1. Limited supply: To prevent inflation and preserve the value of money, its quantity must be limited or grow predictably. 2. Resistant to inflation: Your money should not lose value, allowing you to plan your financial future with confidence. 3. Independence: Ideal sound money is minimally dependent on government control, preventing artificial interference with its value. As you can imagine, crypto can make this concept real. For example, theoretically, Bitcoin fully satisfies these three points. (Volatility is still an issue, but Bitcoin has more than 100 years of development to go before the last coin is mined.) And, who knows, perhaps in the future, there will be another crypto that could one day be called true sound money. @The_Cryptos_Hub

A former White House aide was fined $172,539 by the CFTC for trading on Kalshi by using Trump speech secrets. @The_Cryptos_Hub