Crypto News: Jobs Crash Crypto, Bitcoin Whales, Crypto Liquidations, XRP & More!
Published: 2024-09-09
Status:
Available
|
Analyzed
Published: 2024-09-09
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
XRP Ledger's EVM-compatible smart contract launch is expected to capture a significant share of the DeFi market, potentially increasing demand for XRP.
"The full launch will happen this year and uh it's evm compatible so obviously it will allow Ripple to capture or exop ledger to capture a large share in the defi or decentralized de market right and I think that this will create a lot of demand potentially for xrp"
Pending
Ripple's stablecoin, Ripple USD (RLUSD), is set to launch within weeks and will operate on the XRP Ledger.
"Ripple USD would be issued within weeks and it will obviously operate on The xrp Ledger"
Pending
94% of the total Bitcoin supply has already been issued.
"94% of the BTC supply has now been issued"
Pending
An estimated 14 million Bitcoin may be permanently out of circulation due to loss or unrecoverable keys.
"the sort of the the the the the lowest figure for the amount of BTC that's kind of out there and accessible if you like is 14 million"
Pending
The number of Bitcoin wallets holding 100 or more BTC has reached a 17-month high, indicating accumulation by large holders.
"Bitcoin wallets with 100 plus BTC hit 17-month High"
Pending
The illiquid supply of Bitcoin has reached an all-time high, suggesting that a large portion of BTC is being held long-term and is not readily available for trading.
"the illiquid supply of BTC is also at all-time highs"
Pending
The high illiquid supply of Bitcoin means there is less Bitcoin available in the market, which can lead to increased volatility when large buy or sell orders are placed.
"the illiquid supply uh is basically um it's the total Supply held in il liquid wallets the liquidity of an entity is defined as the ratio of cumulative outflows and cumulative inflows so basically that means that because there's so less little liquid Supply on the market that it can be very volatile because obviously there's no liquidity there's no in the market soap you want to go and place a large order buy or sell it will impact on the market so much more right and volatility because of that"
Pending
Potential supply overhangs, particularly heading into October, are a concern for Bitcoin's market dynamics.
"especially as we go into October um so this is something that we got to worry about especially because there are potential Supply overhangs that could still lay around"
Pending
Potential Bitcoin supply overhangs exist, including from US government authorities like the Marshall Service, who have been observed moving coins.
"there are those Supply overhangs there's also of course of course the US government um I've seen a lot of speculation that you know the the US government authorities like the the Marshall service and that are are sort of selling ahead of the election well yeah I mean they have moved the coins"
Pending
The US government has a year-long plan for selling Bitcoin, indicating they will likely do so strategically to minimize price impact, rather than a sudden dump.
"they have got a sellin plan that extends over a year so I don't think they're going to necessarily dump I mean they will sell in a strategic manner because if you dump on the markets especially in September which is generally a low low liquidity month stall but in the summer um it's going to obviously you know the price impact will be massive"
Pending
The UK government holds a significant amount of Bitcoin, while the German government has reportedly sold its holdings.
"also the UK government holds a lot um you know so they sees that German government completely cheated all the bags or sold out"
Pending
The overall supply overhang for Bitcoin is less severe than it was before the summer.
"on the supply overhang perspective uh it's less it's it's not as bad as it was prior to the summer"
Pending
After 12 years, the XRP Ledger has implemented smart contracts and will utilize an EVM-compatible sidechain.
"after 12 years is finally added smart contracts and it will Leverage The evm as a compatible side chain"
Pending
The integration of Ethereum-based dApps on the XRP Ledger is expected to generate demand for XRP beyond transactional uses, including gas fees.
"this will obviously enable ethereum based daps to use on The xrp Ledger and I think it's a it's a good move by Ripple to at least create some demand for xrp outside of just transactional demands so you know gas fee Demand on The xrp Ledger"
Pending
The upcoming launch of the EVM-compatible XRP Ledger is positioned to capture a significant portion of the decentralized finance (DeFi) market.
"and um the full launch will happen this year and uh it's evm compatible so obviously it will allow Ripple to capture or exop ledger to capture a large share in the defi or decentralized de market right"
Pending
The introduction of smart contracts and DeFi capabilities on the XRP Ledger could foster increased demand and utility for XRP among retail holders.
"it creates more demand and you know a lot of Ripple hold or xrp holders are there's a lot of retail there as well it could allow them to get involved and create demand utility demand for xrp"
Pending
The XRP Ledger is currently perceived primarily as an institutional product.
"The xrp Ledger is basically an Institutional product"
Pending
Ripple plans to issue its stablecoin, Ripple USD (RLUSD), within weeks, and it will be operational on the XRP Ledger.
"Ripple USD would be issued within weeks and it will obviously operate on The xrp Ledger"
Pending
Ripple is launching a stablecoin to leverage synergies with its existing business model, potentially to address questions about XRP's role in cross-border settlements with the rise of stablecoins.
"look obviously there's definitely going to be synergies with the current business model right in terms of like settling in stable coins and this is something we talked about earlier in terms of will there still be a demand for the exop you know settling large amounts of currencies cross border when you've got stable coins so Ripple maybe saw this and thought wait we w't also get involved within the stable coin space"
Pending
Ripple cited the loss of reserves by Silicon Valley Bank as a reason for entering the stablecoin market, highlighting concerns about reserve stability.
"they also mentioned that look the circles go fuffle last year in March with losing 8% of the potentially losing 8% of the reserves on um Silicon Valley Banks they mentioned that as one of the reasons they wanted to get into it"
Pending
Breaking into the stablecoin market will be challenging for Ripple, but their strong capitalization, existing connections, and potential regulatory licenses provide an advantage.
"it will be a tough um it will be tough to break into this Market but Ripple is a well capitalized company they've got the connections in place they potentially have the the licenses as well from a regulated stable coin perspective"
Pending
Binance executive Tigran Gambaryan is being held hostage in Nigeria amidst allegations of money laundering against the platform.
"tigran gambaran the binance executive who is being DET basically held hostage in Nigeria um it's to do with allegations of moneya laundering against binance"
Pending
Tigran Gambaryan was invited to Nigeria to resolve issues and has since been detained in prison under difficult conditions.
"he went there via invitation by invitation to to try and get this thing sorted out and has basically been banged up in what sounds like a hellish Nigerian jail ever since"
Pending
Tigran Gambaryan, a Binance compliance employee, has been held as a bargaining chip by the Nigerian government for six months.
"he's an employ compliance employee at bancer company he's invited his employer has been invited by the Nigerian government to go there to talk with them and he's literally being like a bargaining ship for the past six months just held they in prison and in very Dire Straits"
Pending
A poll indicated that 49% of respondents believe Sui has the most potential among Layer 1 blockchains for the remainder of the year.
"49% said sui and that's a lot of other old ones were listed there Soul Nia say a ICP so you know I mean hopefully that's not I haven't created an a sui Echo chamber I know I hold it I know you hold it but um you know we we are bullish on"
Pending
Despite concerns about Sui's token unlocks, the price has remained relatively stable, suggesting the unlocks did not significantly impact it.
"there were a lot of concerns about the unlocks for sui about two weeks ago but they didn't seem to have affect the price that much it's about the same price it's been when that video came out about month ago"
Pending
Starknet's Total Value Locked (TVL) has been increasing, recently surpassing $200 million.
"stock Nets tvl has been growing it recently went north of $200 million"
Pending
Starknet operates in Ethereum's Layer 2 space, which is currently experiencing low excitement and high competition.
"it's an L2 right an ethereum L2 um it's not and it's ethereum's L2 space right now is not looking too hot in terms of excitement going on there and I mean it's it's very competitive as well"
Pending
Starknet's airdrop campaign faced criticism and annoyance from the community, including derogatory remarks towards users, indicating it was not well-received.
"remember there was that um I don't know if they fully Shen shaken the fud from that airdrop campaign that they really annoyed a lot of the community yeah remember they called people ebeggar and stuff like that yeah that was that was not a successful air drop I think the stet one"
Pending
Quant Network appears to be increasingly focusing on Central Bank Digital Currencies (CBDCs).
"the project seems to have lean seems to be leaning pretty heavily into the sort of cbdc side of things these days"
Pending
Arbitrum is seen as a strong contender in the Ethereum DeFi space.
"I think this is really strong potential ethereum D5 play"
Pending
Arbitrum's buyback and burn proposal has the potential to be price-supportive for ARB due to strong fee generation.
"it's got strong fees being generated obviously because when they they're tbling this buyback and burn proposal which could be price secretive for AR's price"
Pending
Arbitrum is exploring a partnership with 'Sky', formerly known as Maker (rebranded).
"it's also exploring a partnership with Sky which of course we know was uh known as maker it's rebranded y"
Pending
Uniswap received a $175,000 fine from the CFTC.
"Uniswap was fined the frankly massive sum of $175,000 by the cftc"
Pending
The CFTC fine against Uniswap is seen by some as a cleared regulatory hurdle, potentially boosting sentiment.
"despite despite the fact that they got fined at by the cftc last week um I think there's probably a sense that that is a regulatory hurdle that's been cleared"
Pending
Uniswap has achieved 11 million monthly active users, representing a tenfold increase in user activity compared to the previous year.
"Uniswap also recently clocked up 11 million monthly active users which is which is a 10x gain from just this time last year"
Pending
Regulatory concerns, particularly from the SEC, still loom over Uniswap, presenting a potential risk.
"the only thing to be wary of I guess is is kind of Regulation you know regulations concerns around yeah and unfortunately we still got the poll of the SEC hanging over un swap"
Pending
Aptos will have a cliff unlock on September 11th, releasing approximately 2.32% of its circulating supply, totaling 11.3 million APT tokens.
"Aptos a um they've got on the September 11th they've got a cliff unlock of um in total about 2.32% of the circul and Supply 11.3 million a"
Pending
Approximately 0.5% of Aptos's circulating supply (2.8 million APT) will be unlocked for investors, with some likely to hold due to bullish sentiment.
"about 0.5% of his investors his 2.8 million AP is going to investors um some may decide to hold I know there's lots of people who bullish on AP"
Pending
Starknet is scheduled for a token unlock, releasing approximately 3.6% of its circulating supply (30 million STRK tokens).
"stocket they've also got a an unlock of about 3.6% of circula and Supply in five days um and in this case about 30 million stock tokens are going to invest this is 1.7% of the circul supply"
Pending
Bonk has demonstrated effective marketing strategies, including a drone show at Token 2049.
"they've done a lot of good marketing for here for instance they had a drone show at token 2049"
Pending
Bonk is actively involved in building its ecosystem and surrounding marketing efforts.
"they are actually involved in in building the ecosystem and marketing around it"
Pending
A significant amount of Bitcoin has been lost over the years due to factors like lost hard drives or holders dying without passing on private keys.
"there's also this massive amount of BTC that's been lost over the years you know either it's been saved on a hard drive that's been buried in land pH in South Wales or I think there would be a lot of BTC holders who have sadly died and not left their private keys to anyone"
Pending
The accessible supply of Bitcoin might be as low as 14 million.
"I think the sort of the the the the the the the the lowest figure for the amount of BTC that's kind of out there and accessible if you like is 14 million"
Pending
The Federal Reserve is likely to implement a 25 basis point interest rate cut.
"it seems more likely now than not that it's the 25 basis point uh cut"
Pending
A 50 basis point interest rate cut by the Fed could signal market concerns, which they may want to avoid to prevent spooking investors.
"I think that if they go in there the FED goes in at 50 basis points and cuts at 50 basis point then we've talked about this before that could potentially indicate that there's worry which he doesn't necessarily want to Spook the market"
Pending
The Federal Reserve rarely implements 50 basis point interest rate cuts in non-emergency situations.
"it's relatively rare for the FED to want to cut move 50 basis points um in non-emergency cases"
Pending
Focus is shifting to unemployment data and a softening job market for the Federal Reserve's decision-making.
"now it's about unemployment data it's about unemployment data exactly in the softening job market"
Pending
Sharp drops in job openings, similar to those seen during the dot-com bubble, financial crisis, and pandemic, raise concerns about a potential recession.
"there's been a you know all the times in terms of this particular just get the Tweet to my open myself because I can't see the screen there um so what he's basically saying is you've had sharp drops in it's only occurred three times since 2000 and that's the do com bubble financial crisis and pandemic so could this could we be seeing a recession"
Pending
Credit card debt is at record high levels.
"credit card debt as well at record levels of credit card debt"
Pending
A significant portion of the crypto industry is currently supporting Donald Trump because his public statements have been favorable to the sector.
"most of the industry is is supporting Donald Trump at the moment because he's well so far said all the right things"
Pending
Research suggests that crypto liquidations are occurring at a significantly higher rate than previously reported.
"crypto liquidations may actually be a lot higher a lot worse um than we actually thought"
Pending
API changes implemented on exchanges like Bybit and Binance approximately two years ago limited the registered liquidations to one per second, potentially underreporting the true volume.
"there was an API change potentially like about two years ago on to on exchanges um byber and binance and this API change essentially limited the amount of liquidations that are registered per second right to one liquidation per second"
Pending
The API change means that only one liquidation is registered per second, regardless of its size, masking the actual number of liquidations occurring in rapid succession.
"you can have a number of liquidations going on in a second time frame and you know what the one that will be pushed to the API may be one that's liquidation for I don't know you don't have no difference between the liquidation that's $100 versus the liquidations that that's a million dollar so essentially what happens is in this singular second time frame you potentially only getting one registration of a liquidation when there could be many more liquidations taking place"
Pending
Exchanges may have altered their API to limit liquidation reporting for public relations reasons, as high liquidation numbers can be perceived negatively.
"it's not nice to be it's not good marketing if you're in exchange and basically you got the rankings on Twitter or whatnot it's like who's leading the liquidations today who's leading how many retail Traders have been wrecked okay binance you well done"
Pending
Telegram faces significant allegations regarding insufficient content moderation, which has allegedly facilitated illicit activities.
"this is the big um these are the big allegations that are being leveled against pavl and and telegram more broadly is that there is you know little to certainly not enough in the way of content moderation on Telegram and that has led to all sorts of illicit activity"
Pending
Telegram's 'secret chats' were found not to be end-to-end encrypted, contrary to previous assumptions.
"the end to end encrypted secret chats that everyone thought telegram had weren't end to end encrypted"
Pending
Concerns have persisted for years that Telegram's end-to-end encryption is not as secure as that offered by Signal or WhatsApp.
"this is why for many years many people have talked about you know telegram as a you know endtoend encrypted in messaging app isn't as secure as the likes of signal which is fully endtoend encrypted and open source or even WhatsApp that's endtoend encrypted as well"
Pending
There appears to be a lack of consular assistance from the United States for Tigran Gambaryan, a US citizen and former government employee.
"with no Consular assistance it seems from the United States's a United States citizen a former employee of of the government"
Pending
The strong performance and user growth of established Ethereum DeFi projects like Uniswap demonstrate continued activity and usage in the sector, despite negative sentiment surrounding Ethereum.
"it's good to see that some ethereum OG projects are performing like this and there's defi activity taking place in that area because obviously um there's all the food around ethereum now but it's good to see actual usage stats on some of the OG def5 platforms and decentralized exchanges grow"
Pending
The winner of the upcoming US presidential debate is expected to receive a significant boost in the polls.
"I think the winner of this one will will get a will get a big old boost"
Pending
There is speculation about how many times Donald Trump will mention 'crypto' or 'Bitcoin' during the presidential debate.
"how many times you think Trump is going to say crypto or Bitcoin in the in the in the debate"
Pending
The upcoming CPI data is crucial for the Federal Reserve's dual mandate, and cooler numbers would be positive, especially following soft employment data.
"delicious data the CPI data yes one of the Dual mandate the other part of the Dual mandate we've obviously had relatively soft Employment Number this week so it depends what happens with this if it's coming in still cooler then that's great"
Pending
US unemployment claims will be released, providing further jobs data.
"us unemployment claims so more more jobs dat"
Pending
When analyzing token unlocks, it's crucial to consider both the supply side (unlocks) and the demand side, as strong utility and demand can mitigate the price impact of large unlocks, as seen with Solana in 2021.
"you shouldn't only be focused obviously on the supply side which is the unlock side you should also be focused on the demand side right a lot of these projects that have had really good large unlocks have sometimes have massive amounts of demand that they've created through utility or you know other other forms and they've succeeded so like for example like we had the examples he gave was the one that I also mentioned was salana back in 21 right massive unlock it's done very well"
Pending
There is a sentiment that crypto needs to recapture the initial excitement and belief that attracted early adopters, focusing on creating a sense of purpose and importance.
"make crypto Feel Again find new ways to get people interested like how the ogs got interested help people believe in something"
Pending
In-person events and meeting passionate individuals in the cryptocurrency space are important for fostering belief and engagement.
"in terms of like the importance of IRL events right meeting people IRL and speaking to people IRL who are imp passionate about cryptocurrency"
Pending
Community meetups in various cities offer opportunities to connect with people actively building in the crypto space.
"go and meet people in there I think they still do many many cities have Community meetups of some description"
Pending
Twitter is identified as a primary source of negativity in an individual's life.
"the only source of negativity in my life comes off this app comes off Twitter"
Pending
Content designed to provoke strong reactions ('rage bait') is increasingly successful on social media platforms.
"it seems like increasingly these days that a lot of you know a lot of content that's rage bait team see tends to do well"
Pending
With the current downturn in crypto markets, individuals are actively seeking entities or factors to blame.
"crypto markets are down people are generally looking for someone to blame"
Pending
A recommended approach during times of uncertainty or negativity on social media is to disengage ('log out').
"when in doubt log out absolutely"
Pending
A severe, cataclysmic recession is not anticipated; the Federal Reserve is expected to manage a soft landing.
"I don't think it's going to be the cataclysmic recession everyone's talking about no I think it's going to I think the FED will manage the soft Landing for sure so not a recession"
Pending
The requirement to write down secret keys on paper is a significant obstacle to crypto achieving mass adoption.
"can crypto really achieve Mass adoption when the first obstacle people face is writing down a secret key on a piece of paper"
Pending
The industry acknowledges that the user experience (UX) for crypto is currently too complex, contributing to the popularity of user-friendly banking apps.
"there is a a general sort of Acceptance in the industry now that yeah you know the barrier to entry from from a ux perspective is is kind of a bit high and you know this is why this is why um you know banking apps and stuff are so popular"
Pending
There is an expectation of increased development in chain abstraction, projects aimed at simplifying blockchain complexity for users.
"hopefully see more sort of onboarding chain abstraction stuff the projects working on chain abstraction abstracting away the complexity of a blockchain"
Pending