Crypto Founder

🐹 Hamster Kombat: the hamster that took over the world!!! This phenomenon became so popular that the authorities of some countries became nervous. For example, in Uzbekistan, they started to introduce administrative measures against players: arrest for up to 15 days or a fine after the tokens are withdrawn to the exchange. 📑 Hamster Combat has already gathered an impressive number of fans: • 92 million active users in 30 days; • 71 million active users in 7 days; • 41 million active users in 24 hours. People download Telegram purely for the opportunity to poke the furry one in the tummy and make money from it. As a result, the game became the first Mini-app on Telegram to reach 100 million users. For comparison, Notcoin has only 35 million of them. ❔ However, the recently added quest with the transition to Wylsacom video garnered 9 million views in 24 hours, and the clicker update video garnered 20 million views. And then there are the questions... ❗️There are suspicions that a significant portion of users may be bots. Take a look... We'll just have to wait and see how things develop 🔥. #news CryptoFounder | Subscribe

💲 Tether launches USDT backed by gold Tether, the largest company in the cryptocurrency industry, announced the launch of Alloy, an asset backed by Tether Gold. 🔖 Alloy represents a new category of digital assets that track the price of underlying assets through stabilization mechanisms such as liquid asset overcollateralization and liquid pools in secondary markets. The first token in the Alloy lineup is aUSDT, a digital currency that tracks the value of one U.S. dollar. The cool thing about aUSDT is that it is backed by physical Tether Gold (XAUT) stored in Switzerland.

Users can create aUSDT using Tether Gold (XAUT) as collateral. This allows for digital transactions and payments while keeping their gold holdings.

Paolo Ardoino, CEO of Tether, said, "We are pleased to announce the launch of Alloy, representing a class of digital assets backed by gold and pegged to fiat currency. This innovative product will be an important milestone in the development of the market." 🔖 Roughly speaking, a new synthetic from Tether. Would you have more confidence in USDT backed by treasury bonds or gold? 🔥 — Yes 🐳 — No #news CryptoFounder | Subscribe

💰 Who is Bitcoin's dominance over? Bitcoin dominance is a metric that displays the share held by BTC among other cryptocurrencies. When dominance increases, altcoins lose market share, and vice versa. The dominance formula is: BTC capitalization / altcoin capitalization * 100.

What indicators affect dominance?

1️⃣Market trends When a trend emerges, people start pouring money from other assets into it in pursuit of profit. And since many people keep their money in BTC, the dominance at this point falls on the back of sales. 2️⃣ General market mood A good example is the alt season. Typically before the global bullrun, there comes a period when altcoins start to shoot up strongly. As the price rises, their capitalization grows as well. Which means it has a direct impact on dominance. 3️⃣ New tokens emerge The more altcoins appear on the market, the stronger their overall capitalization grows. If all these reasons are reduced to one, it is the movement of money between BTC and altcoin on the background of certain events. 🔖 With each passing year, the dominance will diminish. We will never again see it at the 95% mark, as it was in 2017. #education CryptoFounder | Subscribe

🔸 Nigerian authorities dropped charges against Binance top managers Nigeria's Federal Inland Revenue Service (FIRS) has agreed to drop charges of non-payment of taxes against Binance top managers Tigran Gambarian and Nadeem Anjarwalla.

The regulator revised the case so that the claims relate directly to the platform itself.

As a result, the agency dropped the charges against Gambaryan and Arjarwall and they will no longer be involved in litigation on the matter. ❕ However, Binance's top managers are still suspected of involvement in the laundering of more than $35 million. #news CryptoFounder | Subscribe

🫥 Empty volumes Total inflows into digital assets since the beginning of the year total $25 billion, but it's not all smooth sailing. 👨‍🏫 Analysts at JPMorgan believe that most of it, namely $16 billion, is rotation from existing digital wallets on exchanges to spot ETFs. Against this backdrop, the net inflow is $12 billion. As evidence, analysts cited a $13 billion drop in BTC reserves on exchanges since the ETF's launch in January. 🔎 Also, given the high price of BTC relative to the cost of mining or the cost of gold, JPMorgan is skeptical that the volume of inflows will be sustained through the end of the year. Things are not always as transparent as they seem. #analytics CryptoFounder | Subscribe

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