In summary, it is claimed that the LayerZero Airdrop will be released within 10 days. This development has drawn attention as many crypto projects have the potential to be affected. According to analysts, credit protocols such as Radiant Capital, Venus Protocol, Pendle, Curve, Yearn, and decentralized finance projects like Stargate, Balancer, PancakeSwap, Hashflow, Biconomy, Sushiswap, Trader Joe, WOO Network, Maverick, among others, may be affected. Additionally, projects like Moonbeam Network, Harmony, and Beefy are worth monitoring. Layer Zero defines itself as an open-source omnichain interoperability protocol, aiming to facilitate seamless communication and information sharing between multiple blockchains.#BinanceBlockchainWeek #LayerZero #Web3Wallet #LayerZeroAirdrop #Wintermute

The Kingdom of Bhutan has plans to build a 600-megawatt crypto mining farm in collaboration with Bitdeer Technologies Group. This step aims to provide Bhutanese citizens with opportunities to participate in the modern global economy. Bhutan seems to be a suitable place for Bitcoin mining as it has environmentally friendly and economical energy resources. The first 100 megawatt mining operations are expected to start in September, and this capacity is targeted to increase to 600 megawatts in the next three years. Bhutanese authorities stated that energy needs will be prioritized and mining operations will be closed during the winter months when power production is low.#Bykaranteli #Binance #btc #Ethereum

Ethereum experienced a decrease in daily transaction fees, reaching its lowest level in eight months. According to data from blockchain analytics firm CryptoQuant, Ethereum users' transaction fees dropped to 1.719 ETH on Sunday, representing approximately $2.8 million in value and marking the lowest level since December 26. This decline in fees is associated with low network activity and the increasing popularity of layer-2 scaling solutions. Particularly, solutions like Friend.tech are driving interest in L2 solutions. Ethereum's L2 solutions include Optimism, Arbitrum, and Base, aiming to reduce network congestion and lower transaction costs. Data from IntoTheBlock indicates that transaction volume on the Optimism mainnet reached a record high. As competition among L2 solutions intensifies, Ethereum's position continues to strengthen.

#Bykaranteli #btc #Ethereum #Binance #Crypto

South Korea is imposing new legal requirements on cryptocurrency exchanges starting in September. Crypto exchanges will be required to maintain a minimum reserve of at least 3 billion won ($2.3 million) in their bank accounts. This step is aimed at increasing consumer protection in the rapidly growing crypto sector. The country's leading crypto exchanges are struggling to comply with the new guidelines. The "Virtual Asset Real Name Account Operating Guidelines" published in July require exchanges to maintain reserves of at least 30% of their average daily deposits. This step aims to ensure that stock exchanges are prepared for possible risks. Regulations in South Korea reflect the goal of protecting crypto investors and promoting transparency in the industry. The country's lawmakers have approved comprehensive legislation under which institutions such as the Financial Services Commission and the Bank of Korea have the authority to regulate crypto. With these measures, South Korea aims to protect the interests of investors and market participants.

As prices dropped, whales accumulated $94 million worth of ETH in the last seven days. Large ether investors saw falling prices as an opportunity and increased their holdings. A total of four whales performed this action. Whales are players with great influence in the crypto market and can influence the markets with their trading activities. Likewise, bitcoin investors took advantage of the low prices and increased their holdings. Since August 17, wallet holders holding between 10 and 10 thousand BTC have added a total of $309 million worth of BTC.

The compromise of Pepe's multi-signature wallet caused a nearly 20 percent drop. The weakening of PEPE's multi-signature protection and contract issues led to a loss in value. This event affected the memecoin market, causing concerns. PEPE's decline in the last 24 hours was 20.66 percent and its value decreased to $ 0.00000078. Possible hack risk and Rug Pull concerns could impact the overall market and memecoins. PEPE attracts attention with its risks after the fluctuation in the Binance listing process.

Nvidia, a tech giant with a market value over $1 trillion, stood out during the 2023 Q2 earnings season by reporting record-breaking revenue of $13.51 billion. This news positively affected not only Nvidia's market value but also had a ripple effect on its partner companies' stocks. The cryptocurrency-associated Render Network (RNDR) also experienced a boost following the news. RNDR, a significant altcoin in the crypto market, increased by around 10% in the past 24 hours and is currently trading at approximately $1.5. This surge followed RNDR's earlier pattern of substantial growth due to its collaboration with Nvidia, although it later retraced some of its gains.

#Bykaranteli #Crypto #Binance

UAE took a significant step towards reducing carbon emissions by collaborating with the Venom Foundation. They established a carbon credit system using blockchain technology to ensure transparency. The country updated its policies with the aim of achieving carbon neutrality by 2050. Abu Dhabi, in particular, plans to reach zero carbon emissions by 2050. The UAE's sustainability efforts are garnering attention at both national and international levels.

#Bykaranteli #BinanceTournament #googleai #MultiChain #Binanceturns6

Tether CTO states that PayPal's stablecoin project did not affect Tether's performance and emphasizes that the stablecoin called PYUSD is focused on an area where Tether does not provide services. However, it is noted that the other stablecoin in the U.S., USDC, could compete with PYUSD's market launch. In the long term, it is believed that PYUSD will compete with USDC in DeFi and crypto platforms.

#Bykaranteli #MultiChain #BinanceTournament #Worldcoin #googleai

Recently, there has been a significant increase in new addresses on the Bitcoin network. In August, it surpassed 588,000, reaching the second-highest influx of new addresses. This surge indicates a noteworthy divergence between Bitcoin's price and network growth, which is being positively evaluated. Active addresses also continue to remain stable, indicating strong Bitcoin user activity. However, on a daily timeframe, the Bitcoin price is still following a negative trend and remains at lower levels. The Short-Term Moving Average has become a significant resistance, preventing the price from rising.

#MultiChain #Bykaranteli #BinanceTournament #Worldcoin #bitcoin

July 17, Monday

***The Graph (GRT)

72.5 million GRT tokens ($8.8M)

July 18, Tuesday

***Lido DAO (LDO)

7.92 million LDO tokens ($18.2M)

July 21, Friday

***Injective (INJ)

3.6 million INJ tokens ($34.3M)

July 22, Saturday

***Axie Infinity (AXS)

4.4 million AXS tokens ($27M)

#GOATMoments #Bykaranteli #Binanceturns6 #BinanceTournament #googleai

SEC Chairman Gary Gensler spoke about his stance towards crypto companies. Emphasizing that it is their duty to protect investors, Gensler stated that they pay attention to the working conditions of exchanges and specially issued tokens. He also expressed his concerns about conflicting transactions and inadequate risk management on crypto exchanges. While Gensler argued that most cryptocurrencies other than Bitcoin are in the status of investment contracts, he also stated that there are some reactions against this view.

#GOATMoments #Binanceturns6 #BinanceTournament #Sec #Bykaranteli

An upgrade proposal regarding the POL token was made on Polygon. The proposal aims to achieve consensus among all Polygon-based networks on the POL token. Following the announcement of the proposal, the price of the MATIC token increased. If the proposal is accepted, network validators will be able to support multiple chains with the POL token. Transitioning from MATIC to POL would involve a simple step, and token holders will be given a transition period. In the future, communities on the Polygon chain will decide which token to use for gas fees. If the proposal is accepted, token holders will be able to vote using the POL token, and rewards will be distributed in POL tokens.

#GOATMoments #Binanceturns6 #BinanceTournament #Bykaranteli #googleai

With the Telegram Wallet bot, it is now possible to make cryptocurrency payments. Thanks to the Wallet Pay service, personal businesses can receive payments from their customers through the Telegram interface. Payments can be made with cryptocurrencies such as Bitcoin, USDT, and TON. According to the statement made by the TON Foundation, the payment process is easy and straightforward, and businesses can reach Telegram's large user base. Wallet Pay users are not required to deposit money into their bots in advance for cryptocurrency transfers. They can purchase cryptocurrencies and make payments through the bot using their bank cards. In addition to Wallet Pay, which facilitates payments between businesses and individuals, peer-to-peer payments can also be made via the @wallet bot on Telegram.

#GOATMoments #Binanceturns6 #Bykaranteli #googleai #keepposting

RADICLE (RAD):

Market Value: $83.91 million

Token Unlock Amount: $2.64 million (3.15% of Market Value)

Date: June 28, 2023

ITHEUM:

Market Value: $16.61 million

Token Unlock Amount: $1.15 million (6.97% of Market Value)

Date: June 28, 2023

OPEN CAMPUS (EDU):

Market Value: $112.58 million

Token Unlock Amount: $16.38 million (14.62% of Market Value)

Date: June 28, 2023

WOO Network (WOO):

Market Value: $363.47 million

Token Unlock Amount: $3.39 million (0.94% of Market Value)

Date: June 29, 2023

ILLUVIUM (ILV):

Market Value: $263.16 million

Token Unlock Amount: $1.85 million (0.70% of Market Value)

Date: June 30, 2023

CELO (CELO):

Market Value: $257.89 million

Token Unlock Amount: $1.14 million (0.45% of Market Value)

Date: June 30, 2023

API3:

Market Value: $92.65 million

Token Unlock Amount: $1.18 million (1.29% of Market Value)

Date: June 30, 2023

GAMIUM (GMM):

Market Value: $22.09 million

Token Unlock Amount: $1.47 million (6.66% of Market Value)

Date: June 30, 2023

NYM (NYM):

Market Value: $78.42 million

Token Unlock Amount: $1.00 million (1.28% of Market Value)

Date: June 30, 2023

BETA FINANCE (BETA):

Market Value: $58.18 million

Token Unlock Amount: $2.96 million (5.11% of Market Value)

Date: June 30, 2023

Swipe (SXP):

Market Value: $219.93 million

Token Unlock Amount: $4.52 million (2.07% of Market Value)

Date: July 1, 2023

MERIT CIRCLE (MC):

Market Value: $77.16 million

Token Unlock Amount: $2.81 million (3.65% of Market Value)

Date: July 1, 2023

StakeWise (SWISE):

Market Value: $22.41 million

Token Unlock Amount: $1.32 million (5.90% of Market Value)

Date: July 1, 2023

HOOKED PROTOCOL (HOOK):

Market Value: $57.40 million

Token Unlock Amount: $4.76 million (8.33% of Market Value)

Date: July 1, 2023

ORBLER (ORBR):

Market Value: –

Token Unlock Amount: $20.00 million

Date: July 2, 2023

Agoric (BLD):

Market Value: $79.10 million

Token Unlock Amount: $5.85 million (7.38% of Market Value)

Date: July 2, 2023

BICONOMY (BICO):

Market Value: $145.94 million

Token Unlock Amount: $1.91 million (1.31% of Market Value)

Date: July 2, 2023

#Bykaranteli #BinanceTournament #googleai #crypto2023 #KeepPosting

1. Institutional Investor Interest: In recent times, many large financial institutions and asset management companies have increased their interest in Bitcoin. For example, BlackRock, the world's largest asset management company, filed a Bitcoin ETF application. The entry of institutional investors into this space increases the acceptance of Bitcoin and raises demand.

2. Positive News on Regulations: Regulations are important for the maturation of the cryptocurrency market. Positive regulatory news, such as Deutsche Bank, one of Germany's largest banks, applying for a digital asset license, boosts confidence in Bitcoin and encourages investors.

3. Development of Institutional Infrastructure: With the growing interest of major financial companies in cryptocurrencies, institutional infrastructure is rapidly evolving. Cryptocurrency exchanges supported by large corporations such as Citadel Securities, Charles Schwab, and Fidelity provide reliable transactions for institutional investors, contributing to the growth of the market.

4. Global Economic Uncertainties: Global economic uncertainties can increase the demand for cryptocurrencies. Inflation concerns, in particular, can enhance the interest in Bitcoin as an alternative to traditional asset classes. In such cases, investors may turn to assets with limited supply, such as Bitcoin, as a means of preserving value.

These factors are the main contributors to the rise of Bitcoin. However, the cryptocurrency market is highly volatile and can be influenced by various factors. Therefore, it is important for investors to always consider market conditions and risks.

#Bykaranteli #BinanceTournament #crypto2023 #bitcoin #KeepPosting

Polygon is preparing for a significant network upgrade called zkEVM Validium.

Polygon Labs is gearing up to introduce a new upgrade to the community for its PoS-based sidechain. This upgrade will differ from the previously announced zkEVM and will be compatible with Polygon 2.0.

Polygon (MATIC) is known for its Ethereum scalability solutions. Polygon has made significant advancements with the launch of testnets for zkEVM and the announcement of Polygon 2.0. Most recently, Mihailo Bjelic, one of Polygon's founders, proposed upgrading the existing PoS network to the "zkEVM Validium" version.

If the Validium upgrade receives community support, it will utilize zero-knowledge proofs (zk-proofs) to enhance the network's security. This means that actual transaction data will be stored on a separate blockchain, while the Layer 1 network will function as a "validium" containing only verification proofs. This feature implies that Polygon PoS will have lower transaction fees compared to Polygon zkEVM. Bjelic emphasizes that the network upgrade will differentiate itself by offering high scalability:

"The upgraded Polygon PoS (zkEVM Validium) will store transaction data natively instead of on Ethereum, providing very high scalability and very low fees. This feature will be highly suitable for applications with high transaction volume and low fee requirements, such as Web3, gaming, and social media platforms..."

Please note that the above information is based on the current available knowledge up until September 2021, and there may have been further developments or updates regarding Polygon and its network upgrades since then.

#Bykaranteli #BinanceTournament #googleai #crypto2023 #Polygon

Invesco, an investment management company with assets under management of $1.4 trillion, has reapplied for a spot bitcoin exchange-traded fund (ETF).

Invesco's initial application was made in 2021, in partnership with Galaxy Digital. The company had also filed for a bitcoin futures ETF but withdrew the application in October 2021 after ProShares received approval and started operating.

Now, Invesco claims that its lack of a spot bitcoin ETF has led its users to alternative platforms such as FTX, Celsius Network, BlockFi, and Voyager Digital Holdings.

The company emphasizes the importance of investor protection, stating that the need is for a regulated market, rather than self-regulation within the spot bitcoin market.

BlackRock (BLK) recently expressed a similar view, suggesting that Nasdaq could be suitable for this role.

Graeme Moore, the Tokenization Lead at the Polymesh Association, previously stated in an interview, "The SEC is very concerned about market manipulation around bitcoin prices, and they highlight that in almost all of their rejections. It's because the SEC sees exchanges like Coinbase as unregulated and therefore unreliable in preventing 'manipulative acts and practices'."

Invesco is not the only company affected by rejection decisions. For example, GrayScale filed a lawsuit against the SEC due to the rejection of its bitcoin spot ETF. GrayScale CEO Michael Sonnenshein mentioned during a Consensus conference speech that they expect a decision by September.

#BinanceTournament #googleai #KeepPosting #cryptocurrency #KeepParticipating

US lawmakers have drafted a bill calling for the establishment of a commission to determine an approach towards artificial intelligence. The bill, titled the National Artificial Intelligence Commission Act, aims to create regulations within the artificial intelligence industry.

The proposal was introduced by Representatives Ted Lieu, Ken Buck, and Anna Eshoo. It suggests the formation of a commission to develop a comprehensive framework for regulating artificial intelligence technology.

The bill aims to address potential risks associated with artificial intelligence technology. Ted Lieu highlighted the need to mitigate the risks posed by unregulated artificial intelligence in his statement regarding the bill. If the commission is established, it is expected that government officials and industry representatives will come together to address potential risks of artificial intelligence.

Merve Hickok, the Director of the Artificial Intelligence and Digital Policy Center, has also expressed support for the National Artificial Intelligence Commission. Hickok considers the establishment of the commission as an important step for the future and commends the efforts of Ted Lieu and Ken Buck. Additionally, Hickok urges Congress to swiftly take action on the National Artificial Intelligence Commission Act.

Artificial intelligence technologies have gained popularity in the past year, leading global regulators to express concerns about the risks associated with the technology. Many technology leaders have also begun taking steps to slow down the development of artificial intelligence technologies.

Elon Musk recently signed a document calling for the deceleration of artificial intelligence development. Sam Altman, the CEO of OpenAI, has also expressed concerns about the need for effective regulation within the artificial intelligence industry.

#Bykaranteli #googleai #crypto2023 #bitcoin #BRC20

An interesting price movement occurred on Binance US, where Bitcoin surged to $138,070 and then dropped back to levels around $29,000.

It is noted that this sudden price movement occurred on Binance US while Bitcoin was trading around $29,000 on other exchanges. However, considering the low trading volume of only 62 BTC, there are two possible reasons for this occurrence.

The first possibility is attributed to a lack of liquidity and low trading volume on Binance US, which may have led to such an error. It is known that many market makers withdrew their liquidity from Binance US, especially after the SEC filed a lawsuit against Binance.

The second possibility is that this error may have originated from a technical glitch in the trading engine, as the data was only visible on the Binance US interface and not reflected on data providers like Tradingview. Official statements regarding this matter have not been released by Binance or Binance US at the moment.

#BinanceTournament #googleai #crypto2023 #Bykaranteli #bitcoin