Crypto News & Update

What is dust? Dust in cryptocurrencies is an amount of crypto so small that it won’t even be enough to pay the transaction fee. Imagine that you have 1 cent left in your wallet. You won’t be able to buy anything with it, but if you decide to exchange it at a bank for another currency or send it to a friend, the exchange fee will exceed the cost of the cent itself. This example describes the crypto industry’s concept of “dust” well. Sometimes, a dusting distribution is used by scammers to commit a so-called “dust attack,” which we’ll cover soon. 📈[] @ftucrypto

One chart is not the whole BTC cycle 🍸 Bitcoin Cycle Master - is a universal indicator that takes into account metrics such as Coin Days Destroyed and Terminal Price, showing the highs (🔴) and lows (🟢) of each bitcoin cycle, as well as key support/resistance zones. The key support/resistance level is Fair Market Value (🟣), near which the price of the first cryptocurrency is currently located. The confirmed breakdown of this level earlier marked the transition to the parabolic growth stage (ace). Today Fair Market Value has a value of $46k and so far we have only observed a false breakout. If BTC does not rise above this line in the near future, then events may repeat 2019, that is, a fall to the next support zone Under Valuerd (🔵) - $30k. Let's remember that such indicators do not give any guarantee to accurately predict the market in the future, but judging by past results, Bitcoin Cycle Master worked very accurately. Save so you don't forget 🆗 📈[] @ftucrypto

Keith raised $6.77 mln in 3 hours 🐳 A user bought a SatoshiVM meme token for 277.66 ETH ($681k) and 3 hours later sold the coins for $4.38 million. With the remaining SatoshiVM on the balance sheet, the total profit is $6.77 million. To be the first in line to buy the token right after its launch, he had to pay a commission of 141.66 ETH ($347k) 😮 📈[] @ftucrypto

Venture Smart Financial Holdings is set to introduce a 💰 Bitcoin  ETF in Hong Kong 🚨🚀 📈[] @ftucrypto

Crypto security tip: Spam scam coins If you actively interact with your noncustodial wallet, you’ll soon start receiving various scam coins in varying quantities. Scammers use them for a variety of purposes—e.g., to confuse you into sending funds to their wallet. Or to get you interested in the coin and visit their site. We recommend you never visit sites representing these suspicious scam tokens. Crypto beginners are curious and interested when they see that a few thousand coins were sent to them “just for fun”; however, don’t believe everything at face value—99.99% of the time, it’s to deceive you. 📈[] @ftucrypto

🥇 Bitcoin solves the worries of both people in the left and right 🙌 It is simultaneously an unseizable asset and a freedom form of money that protects you from CBDCs 💪 📈[] @ftucrypto

JUST IN: X launches new payments account. @ftucrypto

BlackRock already owns $1 billion worth of bitcoins 💸 The company bought 25,067 BTC to back its ETF. Meanwhile, the ETF itself has been trading negative for a day and the BTC exchange rate is back below $42k. Such a bad summer of ETFs 🌡 📈[] @ftucrypto

FUN FACT: Bitcoin has a larger market cap than Bank of America and Bank of China combined. @ftucrypto

A trader became a millionaire in 7 days 🧪 A $300 investment in the meme token TROLL made $1 million in profit in 7 days after Ilon Musk set himself a profile: (CTO) Chief Troll Officer. Remember that not every meme-token will be written about by Ilon Musk and even if it happens, it is not a fact that you will be able to lock in profits in time. Otherwise, everyone would be a millionaire by now 🕑 📈[] @ftucrypto

Issuers of spot ETFs have more than 3% of the Bitcoin supply under management. The first results of the launch of spot Bitcoin ETFs are in: The 10 ETFs manage a total of about 645,000 BTC. This is a huge amount, about 3.07% of the total digital gold, and certainly, ETF funds will now have a big impact on the cryptocurrency market. Speaking of which, many true crypto enthusiasts and crypto punks were strongly against the emergence of spot Bitcoin ETFs for the very reason that they would centralize our market, with a large number of coins ending up in the hands of traditional finance companies. And the original idea of crypto, as you know, was precisely about decentralization. So, despite the huge amount of money that will now come into crypto thanks to the approval of Bitcoin ETFs, crypto faces a very unpleasant side effect: the additional risk of centralization. 📈[] @ftucrypto

💰 Bitcoin  hashrate plunges, with over a 25% drop from 530 Eh/s (7DMA) to 385 Eh/s. This is primarily due to miners in Texas powering down to aid the power grid during frigid temperatures. Texas is home to roughly 13% of global hashrate 📈[] @ftucrypto

🇺🇸 Former President Donald Trump says he "will never allow the creation of a central bank digital currency" if elected in 2024. 📈[] @ftucrypto

🟠 New project on Binance Launchpool - AltLayer 📈[] @ftucrypto

Crypto Speak: Circulating supply The term may look complicated, but it’s actually simple. It’s the number of coins that have already been issued and are available for trading on the market. This does not include coins blocked or held by founders, only those in circulation among regular users. “Circulating supply” is one of the most important factors in analyzing any crypto project. 📈[] @ftucrypto

JUST IN: JPMorgan CEO Jamie Dimon says his "personal advice" is to not get involved with Bitcoin. JPMorgan is an authorized participant for BlackRock’s spot Bitcoin ETF. 📈[] @ftucrypto

JUST IN: 🇺🇸 SEC delays decision for Fidelity's spot Ethereum ETF. @ftucrypto

JUST IN: Bitcoin becomes the second largest ETF commodity in the US, surpassing silver. @ftucrypto

Someone paid 4 BTC commission for sending 2.9 BTC 👀 Do you check the commission field before confirming the transaction? 📈[] @ftucrypto

Stablecoin TUSD with a capitalization of $1.9 billion has decoupled from the dollar 😩 Traders are looking at the daily RSI of BTC, the previous time the indicator was at the current level at $26,000. But this does not mean that the correction is over, because the oversold zone is still a long way away 🥇 The altcoin season has officially begun, with the corresponding index showing 76 points 🤑 Managers at Merrill Lynch and Vanguard are apologizing to clients for shortsighted management that refused to open access to the BTC ETF. Companies receive thousands of account closure requests Ⓜ️ Team Solana will release a second crypto smartphone that will be cheaper than Saga. The main thing is to give out drops for it too, otherwise they may not even start the project 🔳 📈[] @ftucrypto