Crypto Insider

Tether reported a record net profit of $4.52 bln Tether, the issuer of the USDT stablecoin, reported a record net profit of $4.52 billion for the first quarter of 2024. 📱 Crypto Insider

Chinese man stole someone else's data to brand a Starknet drop Police in China have detained a man who allegedly stole someone else's data to brand 40,000 STRK as part of a Starknet airdrop. According to press reports, the accused and already detained Lan Mou branded someone else's 40,000 STRK by forging data to participate in the Starknet Foundation's Early Community Member Program (ECMP). The point of the program was to find technical faults and bugs in the code. Lan Mou stole tickets on the GitHub portal, then filled out the ECMP form and submitted it. In this way he left about 40 hits, police said. 40,000 STRK he withdrew to OKX and sold for 91,000 USDT. 📱 Crypto Insider

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?) 📱 Crypto Insider

⚡️ The Fed's press conference is going on right now: - Rate unchanged at 5.5% - Inflation is down, but the Fed can't tame it like they want. - The economy is stabilizing, but forecasts are hard to come by. - Starting June 1, the Fed will slow the pace of balance sheet reduction to $25 billion per month from $60 billion. That's good. - We won't raise rates for now (but we're not expected to raise rates anytime soon, either, starting in November) - Labor market needs more workers, demand exceeds supply - Inflation is expected to fall within a year. Bitcoin likes the performance, jumped above $59'000. Overall, not much positive, but not much negative. Everything is +/- as expected and that's enough to calm the market. 📱 Crypto Insider

Notcoin is 99% ready for listing - Project NOT co-founder Let's just not do it like we did with the windup download, okay? 99% of them-- 📱 Crypto Insider

Crypto speak: WAGMI WAGMI stands for “We’re all going to make it.” It is mainly used in the context of making a profit or benefiting from purchasing a digital asset. Often people write “WAGMI” in their posts concerning a specific project when it introduces positive updates, reports on airdrops or pleasant novelties, or simply shows growth. Crypto traders can use the abbreviation when they open positions to buy cryptocurrency or hold it in a bear market. In general, the phrase “We’re all going to make it” hides a strong psychological impact. It reminds crypto enthusiasts that they are not alone. There is a whole community behind them, ready to support the value of their favorite cryptocurrency or NFT collection. 📱 Crypto Insider

❗️❗️CZ was sentenced to four months in jail. He got off scot-free Changpeng Zhao: "The first step to taking responsibility is to fully admit mistakes. I failed to create a KYC/AML program for Binance, but I tried to fix it and had the team cooperate with the U.S. government." "Everything I see about you and your characterization is mitigating," replied the judge. 📱 Crypto Insider

📊 Top countries in terms of stablcoin purchases in relation to GDP Turkey has the highest percentage of Stablecoin purchases relative to GDP at 4.3% between April 2023 and March 2024. Statistics for other countries can be seen in the graph above. 📱 Crypto Insider

Crypto speak: Floor is lava 🌋 “Floor is lava” is a term used in the crypto community to denote a possible market collapse. Crypto industry participants took the phrase from the game of the same name, in which players imagine the floor is lava and you can’t step on it. In the context of crypto, the expression indicates unfavorable market conditions. Using it, you can draw attention to the fact that people need to be careful and make informed decisions when investing. Also, the phrase is often used to defuse a situation. The fact is that the expression eventually acquired a semi-serious character. Sometimes, it is used to ironically note that the participants of the crypto community always need to be on alert (the exact essence of the game). 📱 Crypto Insider

👌 Quickly sorted out Trust Wallet is available again on the Google Play Store. The company processed the appeal quickly and added the app to the platform. Small flaws happen to everyone, the main thing is not to look for the idea of a crash, collapse, scam or something else 🤝