Crypto Time

​📊 Top 30 countries with the highest share of crypto owners in 2024 The first three: 🥇UAE 🥈Singapore 🥉Turkey

📉 As BTC fell below $57,000, the cryptocurrency's Fear and Greed Index dropped to 45 points.

ℹ️ Fear and Greed Index reflects the emotions and sentiments of market participants. It is measured from 0 to 100, where values below 50 indicate fear and values above 50 indicate greed.

A value of 45 indicates that investors are cautious and prefer to avoid risks.

🖥 Analysts have published a list of the 12 best countries for cryptans in terms of taxation. These are: El Salvador, Puerto Rico, Switzerland, Georgia, Malta, British Virgin Islands, Cayman Islands, UAE, Hong Kong, Malaysia, Singapore, and Slovenia. In these countries, there are no taxes on cryptocurrencies. They offer big tax benefits and have friendly rules for crypto investors.

BTC hodlers, does this sound familiar? 😁

⚙️ Decentralized Finance (DeFi) is a new way to provide financial services based on blockchain technology and smart contracts. DeFi is an alternative to traditional financial services, which includes banks, insurance companies, brokers, and some government agencies. The idea is to give people more control over their finances and remove intermediaries from market relations. Right now, the total value of all the DeFi sector's locked-up assets in smart contracts (TVL) is over $96 billion. 🪙 DeFi includes: Decentralized exchanges (DEX) like Uniswap and STON.fi. These allow users to exchange cryptocurrencies without central exchanges. Lending on special platforms that let users borrow funds using cryptocurrency as collateral. Stablecoins — cryptocurrencies pegged to fiat currencies (e.g., DAI) that provide price stability and are used in transactions. Yield farming — process where users provide liquidity to DeFi platforms and earn rewards in the form of tokens. 💡DeFi also comes with some risks that might put people off. For instance, if a smart contract is vulnerable, it could lead to significant losses. The high volatility of cryptocurrency markets makes investments unpredictable and any human mistake could be very costly.

💸 An unknown user paid over $171,000 in fees for a transfer of 780 USDT on the Ethereum network. The transaction fee was 49 ETH. The sender's wallet still holds assets worth over $1.4 million, including 220 WETH and about 676,000 USDT.

🦅 SEC has delayed ETH-ETFs to mid or late July SEC has postponed the launch of spot Ethereum ETFs to mid or late July. This delay is due to the need for additional checks and the re-submission of Form S-1 by ETF issuers by July 8 🗓 The approval process is expected to proceed smoothly, with ETFs likely to start trading in the coming weeks. Approving spot Ethereum ETFs will significantly impact the market, enhancing Ethereum's accessibility and liquidity, and attracting new institutional investors.

🇺🇸 The toughest Time cover of all time Joe Biden appeared on the red cover of Time with the caption "Panic" after failing in a policy debate with Trump.

✈️ Crypto project in Telegram with a chance for a good drop Fastmint Blockchain — L1 blockchain based on Cosmos, using decentralized AI tools and advanced cryptography research. 🔥 The project is in its early stage but has already partnered with a strong DEX exchange by ByBit – APEX Protocol. Since there aren't many users in the project yet, you have a chance to become an early participant🐣 To join, go to the bot and start farming MT 💸

🪙 What is Ethereum? Ethereum is a blockchain created by Vitalik Buterin in 2015. It's a decentralized platform that allows developers to build and run smart contracts and decentralized applications (dApps). 📔These smart contracts operate on the Ethereum blockchain, ensuring that programmed conditions are automatically executed without third-party interference. The main cryptocurrency of Ethereum is ETH, that used to pay for transactions and computational services on the network. 💰Unlike Bitcoin, which is mainly seen as digital gold, Ethereum aims to be a global computing platform. Ethereum enables the creation of tokens using the ERC-20 standard and unique digital assets known as NFTs. These tokens can represent ownership of unique items like artworks or in-game items. In 2022, Ethereum switched to Proof of Stake, moving away from the energy-intensive Proof of Work algorithm. This change significantly reduced the network's energy consumption and improved scalability. ⚙️ The Ethereum development team continues to update the blockchain, providing new solutions and updates to improve security, scalability, and decentralization.