Crypto.com Suspends Its Institutional Exchange Services 🔵
Crypto.com has announced the suspension of its institutional exchange service in the United States due to limited demand from institutional clients and challenging market conditions. The decision, effective from June 21, was communicated in advance to the platform's institutional users. However, the retail mobile application and platform will continue to operate as usual for U.S. customers. Crypto.com remains open to the possibility of relaunching its institutional exchange in the future.
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Introducing WeSleep IDO
WeSleep is the world's first Web3.0 dApp with game-fi features which came into the picture with the goal of incentivising users to make their lifestyles healthier. Users get rewards depending on their sleep time. They also can earn additional rewards for activities such as:
Walk 5,000 Steps;
1 Km Run;
Have a 30 min Workout session.
WeSleep’s Initial DEX Offering (IDO) starts on April 17, 2023, at $0.11, raising $150,000, you can find the IDO on Kommunitas (launchpad.kommunitas.net/pool/WEZ/PublicCross)..)
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FTX's Former Head of Sales Thinks the Bankrupt Exchange Should Relaunch
Former head of institutional sales for FTX, Zane Tackett, suggests that the defunct exchange should relaunch and offer a token representing creditor claims. This could provide value to creditors and potentially allow them to convert their debt to equity and gain exposure to FTX's investments. Tackett cites Bitfinex's example of offering a token for creditors after a hack. He also mentions OPNX, a recent exchange for trading crypto bankruptcy claims. However, there are challenges to this plan, including financing the reboot with recovered funds and ensuring the relaunch is done in a way that allows for innovation and flexibility. Tackett questions if the current management is suitable for the relaunch of FTX.
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Also stacking up on $MATIC today. A lot of NFTs will be introduced to Polygon and I believe it should see some volume in the coming year
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DeGods has dropped to 815 SOL, however the floor it’s extremely thin only 13 sales before it hits 1000 ETH floor.
I would not recommend buying at this price unless you can afford the risk as it’s quite high (a good entry now is possibly 600-700 SOL) however if you already hold or can afford the high entry I believe it will easily surpass 1000 very soon.
DeGods now has now been exposed to Blur rewards farming since merging blockchains. This is a blessing and a curse as it creates greater liquidity but higher price risk.
Blur caused a dump down to 700 SOL a couple of days ago.
I judge most of my holdings based on the community, and as mentioned previously DeGods community are a very strong diamond handed cult and do not tend to sell. Y00ts on the other hand are a much newer community, so IMO will experience less growth. However they are both by DeLabs and I have very strong faith in Frank. The majority of my NFT holdings are with this community and I will continue to buy with each dip.
I truly believe that DeGods will surpass Bored Apes.
If you cannot afford a DeGod, Y00ts have a much lower entry and easy entry at 220 SOL.
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$DOGE pumping because Elon changed the twitter logo yesterday to the $DOGE logo.
I was too late to tip it in the chat, but I am taking profits today if any of you have holdings. I expect a little dump (might be wrong but I like to be safe) and I’ll be putting a lot more money back in once it does.
I expect $DOGE to be one of the 3 main cryptocurrencies alongside BTC and ETH in the near future.
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Bitcoin Outperforms Top Five Indexes by 170% in Q1 2023
Bitcoin ($BTC) is bouncing back in 2023 after a turbulent 2022. It has outperformed traditional investments, with a 170.32% higher return on investment (ROI) compared to major stock indexes in Q1 2023. The banking crisis has pushed investors towards Bitcoin as an alternative to traditional monetary systems, highlighting its limited supply and ability to protect against central bank actions. Despite the stock market's resilience, Bitcoin has emerged as a breakout asset class. However, there are still uncertainties, including legal challenges faced by Binance and rising inflation. Nevertheless, Bitcoin is anticipating a positive April and investors remain hopeful for its future performance.
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AI Expert Calls for Changes to Save Humanity
AI expert warns that the call for a pause on developing powerful AI systems is just the beginning. Over 1,600 tech figures, including Elon Musk and Steve Wozniak, signed an open letter urging the government to halt AI development beyond GPT-4. However, the real danger, according to the expert, is when AI becomes smarter than humans. He proposes a global effort to shut down AI development, prioritizing it over preventing a nuclear exchange. Microsoft has integrated AI models like ChatGPT into its services, but concerns about AI's potential impact on humanity persist.
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More than 30 Ethereum Projects Join Forces to Launch an Anti-theft Program
More than 30 Ethereum projects have joined forces to launch MEV Blocker RPC, a tool designed to protect users from various types of Maximal Extractable Value (MEV) attacks. The collaborative effort aims to address the growing problem of MEV in the Ethereum ecosystem, which puts users at risk of receiving unfavorable prices on trades, NFT purchases, ENS name registrations, and liquidity provisions due to MEV bot hijacking. The tool routes user transactions to a network of "searchers" instead of the public memory pool, protecting users from front-running and sandwich attacks. MEV Blocker RPC returns at least 90% of the profits from winning bids to users and allocates 10% to validators as a reward.
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MicroStrategy Buys 1045 More Bitcoin to Add to its Bitcoin Stack
Business intelligence firm MicroStrategy announced that it has bought 1045 more Bitcoins ($BTC) for $29.3 million, bringing their total to a massive 140,000 coins. The average price for their purchases now stands at $29,803 per Bitcoin. However, this latest purchase means the company has yet to break even after facing significant losses in 2022 due to the bear market. MicroStrategy has been a key player in the corporate adoption of Bitcoin since their initial investment in August 2020, and they continue to expand their Bitcoin holdings, making them the largest corporate holder of the digital asset.
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