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๐ Could Stablecoin Ethena (USDe) Collapse Like Terra LUNA?
๐ Unique Risks Of Ethena (USDe)
๐ With a staggering market cap of $2.3 billion, Ethena has soared to become the fastest-growing stablecoin ever. Unlike its peers, it rewards holders with yield, but this innovative approach comes with a touch of risk.
๐ Delta-Hedging Strategy
๐ Ethena's peg to the dollar is maintained through a clever delta-hedging strategy, using Bitcoin and Ethereum as collateral. This on-chain approach offers more censorship resistance, but it also exposes the protocol to market fluctuations.
๐ฐ Breaking Point
๐ When funding rates turn negative due to market corrections, Ethena's reserve fund steps in to cover penalties. However, CryptoQuant warns that the current $32.7 million might not be enough if USDe's market cap surpasses $4 billion, urging vigilance.
๐ Monitoring The Reserve Fund
๐ผ As USDe's popularity grows, so should Ethena's reserve fund. To ensure stability during periods of extreme negative funding rates, CryptoQuant suggests an ideal reserve size of $80 million for a $10 billion market cap.
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๐ $1.000 AIRDROP IS FINALLY ON IMBCOIN's TELEGRAM! ๐ฅณ
Prepare yourself and be among the first for the upcoming revolution in Crypto Real Estate. Their listing on www.p2pb2b.com is coming soon, so take action now before it goes to the moon. ๐
Join their telegram https://t.me/imbcoinio and read their pinned post on how to participate. It's quick and simple, so don't miss your chance to join. ๐๐
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๐ฅ Craig Wright Surrenders: No More Appeals in Norway Over Satoshi Nakamoto Battle!
๐ Granath's Triumph: The battle between Marcus Granath and Craig Wright, the self-proclaimed Bitcoin creator, has taken a surprising turn. Granath, known as Hodlonaut, is celebrating as Wright drops his appeal in the Norwegian defamation case. Victory is sweet!
โพ Legal Skirmishes: It all started with those contentious X posts, branding Wright a "fraud" and worse. The lawsuits flew, with Wright suing Granath in the UK and Granath counterattacking in Norway. And now, it seems Granath's legal strategy has paid off.
โ
Norwegian Court's Verdict: In October 2022, the Norwegian court sided with Granath, questioning Wright's evidence of being Satoshi Nakamoto. The ruling sent ripples through the crypto world, leaving Wright with a bitter taste of defeat.
๐ผ Wright's Woes Continue: This latest blow to Wright's credibility comes hot on the heels of London's High Court ruling against him. COPA didn't mince words, declaring that Craig Wright is definitely not Satoshi Nakamoto.
โ๏ธ Satoshi Mystery Deepens: As if that weren't enough, recent linguistic analysis suggests that Satoshi Nakamoto might be more than just one personโa collective genius behind Bitcoin?
๐ฐ Assets Frozen: With Judge Mellor freezing Wright's assets after a suspicious share transfer attempt, it seems financial penalties are looming large for the Australian entrepreneur.
๐ก The Saga Continues: While Granath basks in his victory, let's not forget that the original libel lawsuit against him still looms large in the UK. Will these adversaries cross swords again? Only time will tell.
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๐ฃ Crypto-Friendly London: Mayoral Candidate Brian Rose Promises ยฃ100 in New Token for Voters
โก๏ธ In a bold move to make London a crypto haven, mayoral candidate Brian Rose has pledged to give each resident ยฃ100 worth of a brand-new digital currency, the $LONDON token, if elected.
๐ฐ Funded by a 1% tax on traditional banks, this innovative initiative aims to empower constituents, allowing them to use the token for everyday expenses like council bills and even pesky parking tickets.
โ
Rose, a former Wall Street banker and media mogul, envisions the LONDON token as a tool for financial education and an opportunity for all Londoners to embrace the future of money.
๐ With the UK already boasting a thriving crypto economy and the upcoming launch of Bitcoin and Ethereum ETNs on the London Stock Exchange, Rose's plan could position London as the global capital for blockchain and web3 technologies.
๐บ However, it's worth noting that Rose's past has been marred by controversy, with his media firm's YouTube channel taken down and regulatory issues surrounding his interviews with conspiracy theorist David Icke.
โณ As Londoners head to the polls on May 2, Rose's candidacy represents a pivotal moment for cryptocurrencies seeking mainstream recognition in political spheres worldwide. Will his vision resonate with voters?
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It won`t get any better ๐ฅบ
Look no further for universal investments. @IVEX_token got you!
Everyone is trembling before their ICO! The queue of investors is growing, and free points are limited โผ๏ธ
Guys, the project is sponsored by several European funds.
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๐ฅ The moment is here! Scorpion Casino's pre-sale on Pinksale is LIVE NOW! Theyโre in the running to potentially break the Pinksale record, with the action unfolding until April 14th at midnight UTC.
Whatโs the rave about?
๐: Live listings in the pipeline on elite exchanges such as Bitmart, Lbank, & XT, with others set to join.
๐ธ An impressive raise of over $10M from a strong 20K+ holder base.
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๐ Solid partnerships and a standout presence at SIGMA, cementing their status in the iGaming realm.
As Scorpion Casino strives for an awe-inspiring 14,000 BNB goal on Pinksale, the excitement is palpable.
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๐ Itโs happening NOW! Scorpion Casino's pre-sale on Pinksale has officially launched and is taking the crypto world by storm! Will they set a new record? With a soft cap of 3500 BNB and a hard cap of 14,000 BNB, the stakes couldnโt be higher and the race is on until April 14th at midnight UTC!
Why the buzz? Check this out:
๐ Anticipate their listing on acclaimed exchanges like Bitmart, Lbank, & XT, among others gearing up to join the list.
๐ผ They're fortified with audits by Solid Proof, InterFi, and Cyberscope, ticking all boxes for security and transparency.
โ๏ธ With a KYC verification by Assure, theyโre a beacon of trust in the iGaming space.
๐ซ Already boasting over $10M raised from a passionate community of 20K+ holders!
๐ฒ Their licensed casino has been making waves since 2022, with a live gaming experience thatโs pure adrenaline.
๐ Commanding partnerships and a shining SIGMA presence underscore their industry dominance.
This is more than a pre-sale; it's a showstopper! As Scorpion Casino dashes towards their 14,000 BNB hard cap, the energy is electric.
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Scorpion Casino's pre-sale on Pinksale is LIVE NOW! Theyโre in the running to potentially break the Pinksale record, with the action unfolding until April 14th at midnight UTC.
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๐: Live listings in the pipeline on elite exchanges such as Bitmart, Lbank, & XT, with others set to join.
๐ธ An impressive raise of over $10M from a strong 20K+ holder base.
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Jade ARdinals - the world's first ordinals in augmented reality!
โข 7,000 unique AR ordinals were minted in just 22 minutes!
โข All holders will be eligible for future rewards in the $JD98 token, which is expected to be listed very soon.
โข The JadePlatform is currently in the alpha testing phase.
The ecosystem will soon be fully operational.
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๐ฅ 7 Weeks of Winning with M2 - Only 2 Weeks Left! ๐ฅ
Take advantage a the massive 300,000 USDT MMX Community Rewards Pool!
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๐ Former IRS Chief Joins Chainalysis to Combat Crypto Crime
๐ Jim Lee, a 29-year veteran of the United States government and former chief of the IRS Criminal Investigations team, has joined Chainalysis as its global head of capacity building. His focus will be on collaborating with international agencies to develop effective solutions against cryptocurrency-based crime.
๐ผ Having worked with Chainalysis during his time at the IRS, Lee highlighted the firm's contribution to law enforcement efforts in taking down darknet markets, combating terrorism financing, and addressing child exploitation networks.
๐ Lee acknowledged the potential of cryptocurrency for financial inclusion but stressed the need to equip law enforcement agencies with advanced tools to combat its misuse for criminal purposes.
๐ Chainalysis' dedication to promoting safety and integrity in the crypto space was a key factor in Lee's decision to join, particularly their collaboration with U.S. authorities on cases involving ransomware attacks and tax reporting.
๐ก The move comes as the IRS ramps up its efforts to combat tax evasion and illegal activities in the crypto market. The agency has developed comprehensive investigation strategies, including interviews, open-source searches, electronic surveillance, and serving Grand Jury Subpoenas to tech giants like Apple and Google.
๐ฅ Traditional financial institutions and vendors accepting bitcoin are also targeted for information gathering through similar legal avenues. The goal is to uncover crypto-related transactions and financial activities that may be linked to tax evasion or illicit behavior.
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โพ Prisma Finance Bounces Back with Community Power: DAO Gives Green Light to Restart!
๐ฅ After a devastating hack that drained $11.6 million from Prisma Finance, the DeFi platform is ready to make a comeback. But not without the support of its resilient community!
๐ With a cautious approach, Prisma Finance is now one step closer to reinstating borrowing capabilities. The key? A unanimous "Yes" vote from the ever-vigilant DAO members.
๐ด The exploit that shook Prisma Finance was a result of a sneaky maneuver through the migration zap contract. But don't worry, the core functionality of the protocol remains intact!
โธ In response to the breach, Prisma Finance swiftly hit the pause button on trove managers, putting a temporary halt on borrowing activities. It's all about stabilizing the ship.
๐ข But here's where it gets exciting: the Prisma Finance DAO is flexing its governance muscles with a four-day voting spree. The verdict will be out on April 7 โ fingers crossed!
๐ As we gear up for the restart, users are urged to revoke delegate approvals and tread carefully. Safety first, folks! Prisma Finance wants to ensure your funds stay secure.
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Access alert: Be one of the 10,000 pioneers in Onmiยฎ ๐
Onmiยฎ is almost ready to launch a first real on-chain mobile game. We just sent a version for iPhones to the App Store and will send for Android in two weeks. Already, 500,000 people on our waitlist, and there are over 200,000 wallets made. But, only 10,000 people will get to test the full mainnet game first, so you should join fast.
It's not just a game; it's a new way to see the world with your phone, making everyday walk fun and rewarding. Onmi works with famous artists like Nina Kraviz and Polygon to make this happen.
Hereโs what you can do:
1. Sign Up for Onmi โ it's quick!
2. Link your Metamask wallet to keep your game money safe.
3. Follow Onmi on social media to earn more points.
4. Invite your friends to earn even more.
โ
Donโt miss out!
๐Visit Onmi.io
Start this new adventure! It's a chance to be part of the biggest game of the year, mixing fun with earning tokens. Are you in?
โ
Onmi Community
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COME TO LAUNCH HABIBIII
$shepp - fairlaunch today
TODAY ๐๐๐
05/04 ~ 3 PM UTC
1/1 TAX ~ 1 B SUPPLY
t.me/sheppbase
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โก๏ธ Coinbase Exec Hails Latest Pro-Bitcoin Comment By Presidential Candidate RFK Jr ๐ฃ๐
๐ Read more
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TryTrading - news - all u need A news channel with the essence from a sea of information in crypto ๐ง 172 of your news sources in one channel! One subscription instead of 30 channels and no advertising inside๐ค If you actively follow the market, join while the subscription is free
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๐ ChatGPT Opens Its Doors: AI for All, with a Catch
๐ OpenAI's ChatGPT is breaking barriers! Starting April 1, no account is needed to dive into the world of AI-generated conversations. But hold on, there are a few things to keep in mind.
๐ก Content Safety First: OpenAI has your back! The free-access party is for ChatGPT 3.5, as OpenAI takes steps to make AI more accessible while keeping an eye on content.
๐ From Pew to You: Did you know that a third of Americans haven't heard of ChatGPT? This move aims to change that, reaching new audiences and even appealing to privacy buffs who prefer not to share their data.
๐ Training with Your Help: Your chats might just shape the future! Both registered and unregistered users can contribute to model training, but fret not, you have control over this.
๐ข Trade-Offs: Free access means some features take a backseat. No chat history storage or custom instructions for now, but hey, it's still an exciting ride!
๐ A Billion+ Visits: ChatGPT's popularity soars! With over 100 million weekly users from 185 countries, it's no surprise SimilarWeb ranks it as the top AI chatbot site with a staggering 1.6 billion visitors in February 2024.
โ ๏ธ Data Dilemmas: As ChatGPT's star rises, so do concerns about data misuse. OpenAI is navigating this landscape carefully, aiming for an AI future that's both innovative and responsible.
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Celebrate Bitcoin halving with Web3 industry leaders ๐
And win an Apple Vision Pro! The crypto market is heating up, $BTC has reached its new all-time highโฆ What does that mean for all of us? Itโs time to make the most of the market trends and Bitcoinโs rally that still has a ways to go! ๐
@Changelly, a global crypto exchange platform with 6 million users, and its partners invite you to the Bitcoin Halving Party on Cointelegraph!
Enjoy the exclusive offers from Web3 giants and win valuable gifts:
๐ธ Apple Vision Pro
๐ธ 50 Amazon gift cards for 50 $USDT each
๐ธ 50 3-month ZenGo Pro subscriptions
๐ธ 40 hardware wallets by Tangem
More special offers: reduced fees for fiat-to-crypto swaps from Topper, promo code for Tangem wallets, free trials of ZenGo Pro
Want in? Learn the details below โฌ๏ธ
๐ Follow this link to get this party started!
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