99 Bitcoins

ССUniswap Labs: SEC should stop regulating DeFi Uniswap Labs has urged to stop trying to regulate the DeFi sector. The firm cited the repeal of the Chevron doctrine, which limited the authority of the SEC and other federal agencies and allowed courts to disobey such agencies when interpreting ambiguous laws. As early as April 2023, the Commission is proposing to expand the definition of "exchange" in an attempt to increase its authority over decentralized protocols. 🪙 99Bitcoins

Shorts have earned more than $1 billion on shares of Microstrategy During the second quarter of 2024, short traders managed to earn about $1.131 billion on shares of Michael Saylor's company, according to a report from S3 Partners. The total value of positions during this period amounted to almost $5 billion. The company's shares have fallen in price by about 17%. 🪙 99Bitcoins

What is Blockchain Scalability? Scalability is the blockchain network's ability to handle more transactions without slowing down or becoming too expensive. Just like a road becomes congested during rush hour, the blockchain also experiences congestion when too many transactions are processed simultaneously. Scalability aims to make cryptocurrency more accessible, efficient, and user-friendly for everyone. How to fix scalability issues- ▪️Enlarge blocks to process more transactions simultaneously. ▪️Use payment channels like the Lightning Network to reduce congestion on the main blockchain. ▪️Consider proof-of-stake to require less computational power, thus improving scalability Scalability is a major challenge in the crypto world, however, networks like Solana and Binance Smart Chain are leading the way with promising solutions. 🪙 99Bitcoins

🐳 The whales are hoarding onward While everyone was running and selling ether in panic. Whales were starting to buy back in. Another sign that $40k in bitcoin and $2k in ether, we won't see anymore. As diamond hands will still buy up 💵 🪙 99Bitcoins

🇩🇪10 000 BTC were transferred today by Germans to addresses of centralized exchanges, market makers and other unknown wallets. They have a little more than 13,000 BTC left on their balance. At this rate, the wallet will be emptied in a couple of days. 🪙 99Bitcoins

Crypto Speak: Peer-to-Peer (P2P) Networks Imagine a network where individuals connect directly, without a middleman to share resources and communicate freely. Welcome to the world of Peer-to-Peer (P2P) networks! In a P2P network, each device acts as both a client and server, allowing users to share files, bandwidth, or processing power directly with each other. This decentralized architecture eliminates the need for a central server, giving users more control and autonomy. For example, Bitcoin operates on a P2P network, enabling users to transfer value directly without relying on a central authority.Similarly, file-sharing platforms like BitTorrent use P2P technology to facilitate fast and efficient sharing of large files. By cutting out intermediaries, P2P networks promote freedom, security, and community-driven innovation. 🪙 99Bitcoins

🕯 At a time when the crypto market is in a state of fear and the number of BTC holders has dropped by 566,000 over the past 3 weeks, TradeFi investors are seizing the moment and actively investing in bitcoin ETFs. Yesterday's $294 million inflow into U.S. Bitcoin ETFs was a record for the last month. 🪙 99Bitcoins

📊 The BTC and ETH derivatives-to-spot ratio has remained relatively flat this year compared to previous market cycles 🪙 99Bitcoins

💰 What is volatility? Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time. In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss. It is important to always take this factor into account; however, you’ve probably already realized that. 🪙 99Bitcoins

💡If we look at the ratio between the Bitcoin unrealized profit/loss per coin, we can see that the magnitude of paper gains held is 8.2x larger than paper losses. Only 18% of trading days have recorded a larger relative value, all of which are within Euphoric bull market regimes. 🪙 99Bitcoins