We all have that crypto we FOMOed in without or with little bit of research. Then the price fall… and keep falling…until you lost every little bit of conviction you have in it. (If you have any in the first place). So you're not willing to average down. You just wait for months, hoping it…
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The number of recorded non-fungible token (NFT) sales during the last 30 days consisted of roughly 362,374 sales. During the past 30 days, the leading NFT marketplace Opensea processed $2.39 billion, up 22.88% since last month. Decentraland volume jumped 192% since last month reaching more than $28 million in sales. NFT and Metaverse Steam Continues […]
Bitcoin price has dropped quite a bit from its $69,000 all-time high but it continues to maintain high values. Investors who have been in the market for a while are deep in profit, while a small minority are the only ones in loss. Nevertheless, it goes to show how much the digital asset has grown in value given that the large majority of investors could sell now and still make a profit. 74% Of Bitcoin Holders Remain In Profit Data from IntoTheBlock shows that a total of 74% of all bitcoin holders continue to remain in profit. These investors would make a profit and some already have been realizing this profit with the sell-offs that have been taking place in the market. So despite declining prices for the past month, the majority of bitcoin investors are realizing gains from their investments. Related Reading | Despite Crackdown, Bitcoin Mining Is Still Alive And Well In China On the flip side of this, a total of 18% of investors are in loss from their investments. Going with current prices, these investors would have purchased their bitcoins at about $52,000 and higher, putting them right in loss territory. The rest of the investors, 7% in total, remain in neutral territory. These are the investors who bought their bitcoins on or around the current trending price of the digital asset. 74% of BTC investors are in profit | Source: IntoTheBlock Of all of thee investors, 56% have held their bitcoins for longer than a year, putting the majority of those who have held their bitcoins for longer right in profit territory. A total of 33% have held their assets for a duration of 1 to 12 months, while 11% have held their coins for less than a year. It’s safe to say that most of those in loss are those in this last category as they would have bought their bitcoins at the height of the bull rally that sent the digital asset to new all-time highs. Exchange Outflows Signaling Supply Squeeze Even as the majority of bitcoin holders are in profit, exchange inflows continue to underperform outflows. On a seven-day moving average scale, total outflows from exchanges have been higher than inflows by almost $1 billion. Related Reading | December Turns Red For Bitcoin As Market-Wide Sell-Offs Continue The total bitcoin exchange inflows for the last seven days came out to $7.54 billion, while outflows for the same time period were higher at $8.27 billion. This signals an impending supply squeeze as the coins moving out of exchanges are higher than those coming in. Additionally, this points to bullish sentiment among investors. With more coins moving out of exchanges, investors are most likely consolidating their holdings and moving them to safer self-storage options to hold out for the long-term. BTC breaks above $50,000 | Source: BTCUSD on TradingView.com Featured image from Bitcoin Profit, charts from IntoTheBlock and TradingView.com
The registration for committing your Algo into governance is now open for the 2nd Governance Period. The registration window is open until January 7th. The 2nd Governance Period will run until March 31st and you must maintain your committed balance throughout the entire 3-month period to be eligible for rewards. https://governance.algorand.foundation/governance-period-2 They have not yet…
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Justin Sun (or His Excellency Justin Sun), a technology and cryptocurrency entrepreneur who recently became a Grenada diplomat, has revealed that he will travel to space on a Blue Origin aircraft next year and will bring five people with him. Justin Sun Reveals He Was The Secret Bidder The 31-year-old has identified himself as the $28 million anonymous bidder who won a ticket in Blue Origin’s first crewed mission in July, but had to reschedule due to a scheduling difficulty. The undisclosed bidder will instead fly on a future journey, according to Bezos’ privately held commercial space enterprise. “I won the auction six months ago but missed the launch. However, this did not stop my love for space,” Sun said in a tweet. “So I’m very excited to announce this news and turn this opportunity into a voyage with five other warriors to space with me because I believe that space belongs to everyone!” With launch, Tron’s creator will join a select group of deep-pocketed space tourists. Sun said it was an opportunity to fulfill a long-term dream and share the delight with five “space warriors” through his new “Sea of Stars” campaign in a series of tweets. (1/12)6 months ago, I was lucky enough to win the auction of Blue Origin’s first launch! Today, I announce that I’m launching the “Sea of Stars” campaign, which will select 5 warriors to explore space with me in 2022! @blueorigin @clubforfuture! Details: https://t.co/uoCCwofsjk pic.twitter.com/gZmPDQ3l5D — H.E. Justin Sun 🅣🌞🇬🇩 (@justinsuntron) December 22, 2021 Sun, who was born in China, recently stepped down as CEO of Tron, the cryptocurrency network he founded. He announced his appointment as Grenada’s envoy to the World Trade Organization in Geneva last week. Sun will take the flag of the Caribbean nation where he now resides with him on his journey into orbit. Tron trades for $0.08. Source: TradingView Related article | Justin Sun Offers $50M Dogecoin For TRX And BTT SpaceX Satellite Launch 5 People To The Moon Sun added on Twitter that he will handpick the five people as part of a campaign dubbed Sea of Stars A member of the TRON DAO community, long-term investors of various cryptocurrencies, and other leaders from fashion, technology, and entrepreneurship will be among the five persons Sun will name in the coming months, according to Sun. Yusaku Maezawa, a Japanese millionaire, just returned to Earth following a 12-day journey into space, making him the most recent person to fly to space via commercial space businesses launched by billionaires such as Jeff Bezos, Richard Branson, and Elon Musk. Sun rose to prominence as a result of his involvement in cryptocurrency and a series of high-profile bidding contests. He won an auction for lunch with Warren Buffett in 2019, but the meeting was postponed after he was pressed to apologize on Chinese social media platform Weibo for “overly” marketing the date with one of America’s wealthiest individuals. He also placed a bid on artist Beeple’s non-fungible token and Twitter Inc. co-founder Jack Dorsey’s first-ever tweet, but was outbid in both cases. Related article | Tron Founder Justin Sun Purchases Joker Inspired BAYCTron For A Record $15 Million Featured image from Pixabay, chart from TradingView
DeBond continues to make inroads in the decentralized finance industry. Its approach to decentralizing bonds through blockchain technology and smart contracts resulted in a $500,000 seed funding round. Various prominent backers and investors see merit in this approach, paving the way for broader financial access to everyone. DeBond Keeps Making Inroads The seed funding round for DeBond shows the overall demand for decentralizing traditional financial instruments. Bonds have been an essential part of the finance industry for decades, yet their core model has not changed. More importantly, bonds are only accessible to qualified investors and governments, creating a fractured landscape. With the help of decentralized technology, those fractures can now be mended and the appeal of bond vehicles can be expanded upon. The recent seed funding round for DeBond – a $500,000 financial injection – puts the company’s valuation at $12.5 million. Seed round investors include Bixin Ventures, Lotus Capital, Wave Capital, Hotlabs, etc. The vision of decentralized bonds and collateralized debt obligations change the playing field for consumers and institutions exploring new opportunities in the finance industry. The approach to these new financial vehicles is made possible through the ERC-3475 token standard. It introduces independent functions to read, transfer a collection of bonds, and have bonds redeemable from the bond issuer. That latter option will only be possible if specific conditions have been met. Leveraging blockchain technology for the bonds industry introduces new opportunities that would otherwise not be accessible. An extra benefit of ERC-3475 is how it enhances the traditional liquidity provider tokens on the Ethereum blockchain. More specifically, it can replace the ERC-20 token standard by supporting additional data and logic forms. As a result, a more advanced version of LP tokens can prove beneficial to DeFi-oriented projects and services and help enhance reward systems or even introduce new ideas. A Big Step For Decentralized Finance The vision by DeBond can bring more use cases for bonds and derivatives to the table. Those are two focal points for the team and two crucial investment vehicles in traditional finance that, while making some inroads in crypto, remain largely unexplored in the industry. The strong support by these backers and investors confirms exploring these options may prove worthwhile. DeBond intends to enhance the overall appeal of yield farming in the DeFi industry. The current landscape requires users to own specific crypto assets to engage in yield farming on a particular chain. However, decentralized bonds may change that narrative for the better. They can also pave the way for a more complex economic system centered around ERC-2475 as a token standard.
Learn more about a Bored Ape Yacht Club animated series, The Weeknd’s Blinding Lights NFT drop, the Mini Royale: Nations game’s popularity and RadioShack’s foray into DeFi.
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Binance Labs was the lead funder in a $60-million seed round, Interlay seeks to increase Bitcoin interoperability, Bent Finance and Grim Finance suffer million-dollar exploits — all coming to you in this week’s Finance Redefined.
