Crypto News: Rektember, BTC, ETH FUD, Stablecoins, OpenSea, HNT & MORE!
Published: 2024-09-02
Status:
Available
|
Analyzed
Published: 2024-09-02
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin ETFs experienced net outflows of $277 million in the past week.
"we had net outflows of 277 million"
Pending
Ethereum ETFs experienced net outflows of approximately $12 million in the past week.
"eth net outflows about 12 million"
Pending
Approximately 40,000 Bitcoin from the Mt. Gox trustee still needs to be distributed, potentially impacting market supply.
"there's still about 40,000 Bitcoin with the mount go trustee that has to be distributed"
Pending
The US Marshall service transferred Bitcoin to Coinbase custody, which could represent a future supply overhang.
"the US Marshall service send some Bitcoin to coinbase custody"
Pending
Historically, September has been a negative month for Bitcoin, with only 3 out of the last 11 Septembers being positive.
"only three months in the past yeah three out of the last 11 septembers have been positive for this is for Bitcoin"
Pending
October is historically a strong month for cryptocurrency performance.
"October is historically a very good month for crypto"
Pending
Traditional investors are finding it difficult to grasp Ethereum's use cases and investment potential compared to Bitcoin, potentially impacting ETF adoption.
"it's been difficult to necessarily land a narrative or an elevator pitch to traditional investors around you know ethereum's use cases its demand factors and its investment use case as compared to bitcoin"
Pending
August marked the worst month for Bitcoin miners' revenues since September 2023.
"August the worst month since September 2023 for Bitcoin miners"
Pending
Celsius has distributed $2.5 billion in crypto and cash to its customers.
"Celsius has distributed $2 and a half billion dollars worth of it's crypto and cash"
Pending
The market cap of centralized stablecoins (excluding algorithmic ones like UST) has reached an all-time high.
"stable coin market cap excluding algorithmic stable coins excluding so what no us no us"
Pending
USDT has been dominating the stablecoin market since the Silicon Valley Bank incident impacted USDC.
"ever since that time usdc usdt seems to be dominating"
Pending
There has been an accumulation phase of stablecoins ongoing since before January.
"ever since January ever since before January we've been in a in a accumulation phase of stable coins"
Pending
PayPal's PYUSD stablecoin is hitting new all-time highs in market cap and is seeing significant activity on Solana.
"PayPal's a stable coin yeah PUSD it's also hitting new alltime highs in terms of market cap but crushing it on salana"
Pending
Solana is emerging as a primary payment rail for stablecoins.
"salana is becoming the one of the prim primary payment rails for stable coins these days"
Pending
Tokenized treasuries have reached new all-time highs.
"tokenized treasuries see new all-time highs"
Pending
BlackRock's tokenized treasury fund has surpassed $2 billion in value.
"black rocks biddle fund so we've crossed over two billion"
Pending
The growth in tokenized real-world assets (RWAs) is beneficial for Ethereum as most are being issued on its network.
"this is obviously good for ethereum because well yeah well hopefully yeah so because it's all been issued on ethereum"
Pending
The Ethereum Foundation's spending has nearly doubled compared to 2021, potentially indicating increased development activity.
"it's a big amount it's it's almost double than it was in in 2021"
Pending
Increased spending by the Ethereum Foundation suggests that past regulatory scrutiny is no longer a significant impediment.
"this this regulatory scrutiny was causing them to sort of underspend so that suggests that now that they are spending that that regulatory scrutiny is not an issue or not such an issue anymore"
Pending
The speaker expresses concern that DeFi is overly focused on rehypothecating yield and chasing yield, potentially losing sight of its core promise of inclusivity.
"this whole idea of we are hypothecating yield and create and you know obviously just people chasing after yield in defi"
Pending
The core promise of DeFi is to be inclusive and provide access to financial services for those previously excluded, such as obtaining loans.
"the great promise of defi is that it should be inclusive and it should bring in people you know to to the ecosystem who realize it's like wow you know I haven't been able to get a loan before"
Pending
The current complexity of DeFi protocols, involving rehypothecation and intricate stacking, is difficult for even crypto natives to understand and is unlikely to attract new users.
"I don't think that's you know it's hard enough for a lot of crypto natives to understand I don't think it's going to attract new use cases to defi"
Pending
Ethereum ETF inflows are significantly lower compared to Bitcoin ETF inflows on a weekly basis and are trending downwards over time.
"the percentage of e flows as compared to Bitcoin in a week on a weekly basis you know in the first day first day one to five I think it is you've seen you know a massive amount of like 44% of Bitcoin inflows where the eth inflows compared to what Bitcoin did in the first 5 days but you can see as we progress over the next few days and weeks and months it's trending much lower"
Pending
Donald Trump has launched a new NFT collection titled 'America First'.
"Donald Trump drops a new nft collection"
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Donald Trump's latest NFT collection has seen low sales, with only about 6% sold so far.
"this one hasn't been all that successful only around 6% of the collection has sold so far"
Pending
Donald Trump has launched a high-yield DeFi protocol named 'World Liberty Financial'.
"this high yield project he has launched called World Liberty what's it called world world Liberty Financial Liberty Financial"
Pending
The SEC has issued a Wells notice to OpenSea, indicating potential enforcement action.
"the SEC issues yet another crypto company with a Wells notice"
Pending
OpenSea's valuation has dropped significantly from $14 billion to an estimated $100 million.
"they used to be valued at14 billion wow and um you do you know what they valued at now apparently"
Pending
The SEC's stance on NFTs as securities hinges on the promise, financial projections, and economic realities of the offer, not the NFT asset itself.
"what matters is not the item but the promise Financial projections and economic realities of the sale the offer not the asset creates the investment contract"
Pending
Helium passed two improvement proposals, HIP 130 and HIP 131.
"there were a couple of hips helium Improvement proposals passed 130 and 131"
Pending
Helium has signed significant partnerships with major mobile carriers, suggesting potential for future growth.
"they've signed some Partnerships that actually seem to be going places"
Pending
Key US labor market data, including JOLTS job openings and August unemployment figures, will be released this week.
"on Wednesday we've got the jolts job openings and then on Friday we've got the US unemployment for August"
Pending
A study suggests that crypto owners exhibit psychopathic traits.
"crypto owners are psychopaths"
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Crypto is considered one of the least attractive hobbies for both men and women.
"crypto as a hobby was one of the least attractive hobbies to women in men"
Pending
North Korean hackers have been targeting crypto projects by posing as job applicants.
"there's been quite a few crypto projects that have been spear fished by North Korean hackers who have actually posed as looking for a job"
Pending
Grayscale's lawsuit victory against the SEC one year ago was the catalyst for the existence of spot Bitcoin and Ethereum ETFs.
"one year ago today grayscale prevailed in their lawsuit against the SEC only reason why spot BTC and E ETFs exist"
Pending
DeFi operates without bias, treating everyone equally based on transparent and public rules.
"defi doesn't care defi doesn't judge everyone is treated the same based on the rules of the system and the rules are public and transparent for everyone to see"
Pending
In DeFi, the reasons for loan rejections are transparent, unlike traditional banking where such reasons are often unclear.
"got your home loan declined from a traditional bank you probably don't even know why loan declined in defi you know exactly why"
Pending
Decentralized Wireless (DePIN) is seen as a powerful use case for crypto, especially in combating global censorship issues.
"deep in fire with global censorship issues deep in will show the world the true power of crypto"
Pending
Helium (HNT) is highlighted for its uncensorable utility that can improve daily life.
"thinking of h&t anyone akt utility stuff that can't be censored and make daily life better"
Pending
Avalanche is poised for growth in Q4 due to its diversification into Real World Assets (RWAs) and gaming through subnets, which increase demand for AVAX.
"I think that they um diversifying as well with demand as I mentioned earlier with regards to rwa potentially issuing subnets gaming as well so it's if you look at a narrative place if you bullish on potentially gaming or rwas then Avalanche is one of those"
Pending
A question is posed regarding whether Bitcoin's price will fall below $40,000 before the current bull run concludes.
"do you guys think BTC can go below 40K before this bull run"
Pending
The speaker does not believe Bitcoin's price will fall below $40,000 and expects it to hold strong.
"I don't think so I think it will hold up"
Pending
The Cardano Chang hard fork was successfully implemented yesterday.
"the Chang hard Fork went ahead yesterday"
Pending