This article will provide an overview of the situation regarding Smart Money of $GPU (NodeAI), and the public wallet address that has made a profit of $3.55M from $GPU.
1. Overview
It can be said that $GPU is a hidden gem that has been sought after early on #DEXs platforms, especially Uniswap. Looking at the chart below, we can see that Gem Hunters have been heavily involved in buying and selling quickly at low price levels.
However, the proportion of buying is greater than selling, indicating that Smart Money has held onto their positions (with the hope that the #AI trend will drive the token price).

Until now, the selling volume of #GPU is higher than other gems of this group. There are 5 more potential gems we have not publiced yet.

So now, we will move to the address that has made up ~2500% with NodeAI.
2. 0x25fe is truly a Gem Hunter
Looking at the chart below, you will see that he was one of the Smart Traders who bought it when the price had not increased yet!

Currently, he has a realized PnL of 2530, equivalent to $2.31M in PnL, with an unrealized portion of 1.24. This means he has earned a 3642% return with this token.
The portfolio also shows success with other hidden gems such as $APU and $ZKML.

Hunting for gems is a risky game, and many people may choose to risk a small amount of money in search of big opportunities. Overall, this wallet's portfolio shows a not-so-high win rate (cutting losses early), but the current PnL is significant. You can DYOR and follow this wallet.
Full address: 0x25febf02fddd0b86a195d61ee1d7dc36ab840852

In 2023, Solana has surged by 330%, driven by a booming decentralized exchange (DEX) trading volume, outpacing BSC Chain. The current SOL token price is $59, with anticipated growth.
Cardano (ADA) is on the rise, with a new Web3 media platform, Cardano Spot, emphasizing community-driven projects. ADA's staking activity and decreased circulating supply are boosting prices, with a projected value of $0.37.
eTukTuk, in its presale stages, aims to revolutionize sustainable transportation using blockchain and AI. With $TUK-powered electric vehicles and affordable charging stations, it addresses environmental concerns, providing solutions in developing countries. The project also focuses on creating revenue-generating opportunities for stakeholders.
#Solana📈🚀🌐 #DEXs #cardano

The International Monetary Fund (IMF) is emphasizing the need to modernize global tax systems to accommodate crypto assets. In a recent blog post, the IMF states that the tax system must be updated to cope with the challenges posed by the anonymity and decentralized nature of crypto assets, which present difficulties for governments. #IMF

Challenges in Taxing Crypto Assets:

The IMF warns that tax evasion could become a significant issue, particularly if cryptocurrencies are widely used as a form of currency. Crypto transactions bear resemblance to cash transactions in terms of the potential for concealing them from tax authorities. While the share of purchases made with crypto is currently small, if tax systems are unprepared, widespread adoption could lead to significant losses in value-added tax and sales taxes, resulting in a substantial decline in government revenue. This could be the most significant threat posed by crypto.

Role of Centralized Exchanges:

The IMF suggests that if most crypto activities are conducted through centralized exchanges, the threats of tax evasion can be largely manageable. These exchanges can be subject to standard customer identification and possibly withholding tax rules. Many countries have implemented such rules in anticipation of increased tax compliance. #exchanges

Challenges with Decentralized Exchanges (DEXs):

According to the IMF, a more concerning possibility is that reporting requirements (and errors made by some crypto intermediaries) may incentivize individuals to engage in more transactions through decentralized exchanges or direct peer-to-peer transactions. These situations make it significantly challenging for tax authorities to penetrate and enforce regulations. #DEXs

All Republican members of the US House Financial Services Committee delivered a letter to the SEC on the 13th (local time) demanding that the US Securities and Exchange Commission (SEC) withdraw its recently proposed regulation related to the definition of 'exchange'. 

In this regard, Republican lawmakers led by House Financial Services Committee Chairman Patrick McHenry said, "The SEC's 'exchange definition' rule can leak the digital asset (cryptocurrency) ecosystem abroad, which is an act that exceeds their 'legal' authority. It also goes against the SEC's mission of protecting investors and facilitating capital formation.The SEC's proposed rules will discourage innovation and adversely affect cryptocurrency market participants and the U.S. economy.

"SEC Chairman Gary Gensler pushed a personal view. "They are abusing the enactment to stick with it. At the same time, it's starkly revealing their hostility to technology that doesn't perfectly fit their rules."

 Previously, the SEC proposed an exchange definition enactment, stating that 'a communication protocol-based system that gathers securities traders with interest and allows trading parties to agree on interactions is also an exchange', saying that the collection of opinions on exchange definition, which began in April, was closed. there is. In the industry, concerns have been raised that the regulation may include DeFi, such as decentralized exchanges (DEX), within the scope of regulation.

#SEC #crypto2023 #dex #DEXs #regulations

In the world of cryptocurrencies, a groundbreaking revolution is underway, and it's called #DeFi , short for Decentralized Finance. DeFi represents a seismic shift away from traditional banking and financial institutions, empowering individuals to take control of their finances through #BlockchainTechnology . The #DeFiLandscape DeFi platforms are decentralized, open-source, and built on blockchain technology, primarily the $ETH network. These platforms offer a wide array of financial services without the need for intermediaries, such as banks or brokers. Let's dive into some key aspects of DeFi:Decentralized Exchanges (#DEXs ): DeFi has given birth to a new generation of exchanges that allow users to trade cryptocurrencies directly from their wallets, providing greater control and privacy.Lending and Borrowing: DeFi lending platforms allow individuals to lend their #cryptocurrencies and earn interest, while borrowers can access funds without a traditional credit check.Yield Farming and Liquidity Provision: By providing liquidity to decentralized exchanges or lending platforms, users can earn rewards and yields, often referred to as "farming." Stablecoins: Stablecoins like $USDC and $DAI are key players in DeFi, providing a stable value to assets within the volatile crypto market. The Advantages of DeFi- Accessibility: DeFi is accessible to anyone with an internet connection$, removing barriers to entry that exist in traditional finance.- Financial Inclusion: DeFi projects can provide financial services to people who are unbanked or underbanked, potentially transforming the lives of millions.- Transparency: Transactions on the blockchain are transparent and immutable, increasing trust in financial systems.- Security: While not without risks, DeFi is designed to be resilient against single points of failure.Challenges and RisksDespite its potential, DeFi isn't without challenges:- Smart Contract Risks: Vulnerabilities in smart contracts can lead to hacks and losses.- Regulatory Uncertainty: DeFi's decentralized nature makes it a gray area in terms of regulation in various jurisdictions.- Scams: The anonymity and speed of DeFi can make it a breeding ground for scams and fraudulent projects.The Future of DeFiAs DeFi continues to evolve, we can expect greater integration with traditional finance, improved user experiences, and enhanced security. Decentralized finance has the potential to reshape the financial industry, offering financial freedom and control to anyone with an internet connection.Buckle up; the DeFi revolution is only just beginning.More details about DeFi from Binance