99 Bitcoins

🔷 Spot Ethereum ETFs won't start trading so soon - after Form 19b-4 approval, S-1 documents now need to be approved, which could take a few weeks to five months, an analyst told Bloomberg. 🪙 99Bitcoins

😅Vitalik Buterin and his persuasive arguments have swayed the head of the SEC to approve spot Ethereum ETFs. 🪙 99Bitcoins

What is cryptocurrency lending? Issuing loans in the world of cryptocurrencies is flourishing, but crypto loans are very different from the ones we’re used to. Let’s break it down: ▪️ Cryptocurrency loans are always issued against the collateral of another cryptocurrency. For example, you can “pledge” your BTC and receive USDT in return. ▪️ This is similar to how you might take a piece of jewelry to a pawn shop. Let’s say you pawn a gold ring worth $1,000, and the pawn shop gives you $900. The $100 difference, or 10%, is the pawn shop’s earnings in case you don’t return the money. ▪️ At the same time, you can return $900 to the pawnshop at any time and get your ring, paying a small interest on the loan. Of course, in crypto, everything is a bit more complicated, and there are nuances. For example, if the Bitcoin rate (which you have pledged) goes down sharply, at a certain level of decline, the lending platform may automatically sell your Bitcoin to prevent a bigger loss. At this point, you will likely lose some of your money. However, the general principle is as we described above: You get cryptocurrency A secured by cryptocurrency B. Who needs this and why? The simplest example: suppose you hold BTC, but you don’t want to sell it because you are convinced that the coin will continue its growth. But you need USDT to realize some investment (for example, you want to buy a promising token). In this case, you can put up your BTC as collateral and, in return, receive USDT, and use it as you wish. Everything would be perfect here, except for the risk described above: If Bitcoin’s price suddenly goes down, your coins may be automatically liquidated. The USDT will remain with you, but you will incur losses. Therefore, carefully study the terms on which you get a loan in the world of crypto. 🪙 99Bitcoins

⚡️Microsoft $MSFT is planning to let its AI Copilot help you in video games like Minecraft. 🪙 99Bitcoins

✅Mastercard said in a statement: “Cryptocurrencies are becoming increasingly mainstream, accelerating trade with confidence and transparency 🪙 99Bitcoins

Binance has launched a Web3 wallet. This is interesting news, which, to be honest, is not really about Web3 😅 The thing is that only Binance users will be able to use the noncustodial wallet, and the exchange itself reserves the right to monitor and block “suspicious accounts.” The Web3 philosophy implies decentralization and anonymity. But this new service from Binance does not meet these requirements at all. Yes, it may be convenient, but Satoshi Nakamoto would be unhappy with this announcement from “CZ.” 🪙 99Bitcoins

🔼 Vitalik Buterin pampers the ENS token, naming Ethereum Name Service (ENS) as the most successful non-financial application of blockchain. Buterin also stated: We need an open decentralized (operator- and governance-free) protocol to quickly move assets from one L2 to another, and for it to be integrated into a standard wallet sending interface. For example, token transfers, ENS, changing keys in smart contract wallets (personal and organizational). 🪙 99Bitcoins

🤯 Zksync is planning a TGE this week The Block has released an article stating that Zksync is planning to hold a TGE this week, with a mid-June drop date. The article lists June 13 as a tentative drop date 🫠 🪙 99Bitcoins

Crypto Speak: Blue chip The concept of “blue chip” has migrated to crypto from the stock market. Blue chips are stocks of large, reliable, established companies, in which people are not afraid to invest—e.g., Apple, Microsoft, and Amazon. The crypto world also has its own blue chips: Bitcoin and Ether, among others. Of course, investing in crypto, even in crypto blue chips, is a million times riskier than investing in the Coca-Cola Company 🙂 🪙 99Bitcoins

JPMorgan raised its estimate of bitcoin mining costs to $45,000 Analysts of the financial group JPMorgan Chase presented an updated forecast regarding bitcoin. In their opinion, after halving the cost of mining the asset reached $45,000. Experts revised their previous forecast on the direction of cryptocurrency mining. If earlier they said that the cost of mining after halving the reward per block would reach $42,000, in the new report they fixed the level, which turned out to be $3,000 higher. 🪙 99Bitcoins