🚀 GM,
It’s a beautiful Tuesday – so fasten your seatbelts, grab your favorite beverage, and let’s dive into the top stories that have been buzzing around this week! 🚀📚
If you had invested $100 in BTC at the time when Gates said, “Bitcoin is exciting because it shows how cheap it can be,” your current value of the Bitcoin holdings would be…
💰 Gary Gensler is disappointed with Judge’s XRP ruling
🚫 Puma and Roc Nation Launch NFTs
💻 Will MATIC Steal the Show?
🎨 Crypto crime drops significantly in 2023, but it’s not all good news
Gary Gensler Has Mixed Feelings About Ripple Case Verdict
It seems like the SEC Chair, Gary Gensler, had some mixed feelings about the court’s ruling on XRP.
The judge ruled that institutional investors who snatched up XRP were expecting to make bank from Ripple’s efforts. And that’s where Gensler found some satisfaction! He said, “Hey, hey, hey, the court agrees that XRP was a security when those fancy institutional investors got their hands on it. “
But, he’s little let down when it comes to the retail investors. Sigh.”
Under Gensler’s watch, the SEC has been cooking up some rule changes for digital assets. And let us tell you, there’s been quite a stir in the crypto world about it.
Gensler stated, “Our book of rules already has some guidelines on what it takes to be a securities exchange or a broker or an investment adviser.
🤠 But of course, not everyone in the industry is thrilled about these proposals.
And guess what? Gensler decided to throw some shade at decentralized finance (DeFi).
He chuckled and said, “This whole ‘decentralized’ thing? It’s not as decentralized as you think. We still have individuals like CEO and chief technology officer running the show, and the majority of assets are held by a small group of buddies. “
Puma and Roc Nation Kick Up a Storm with NFT Shoes
🙌 Puma and Roc Nation just dropped a fresh shoe collection called RS-XL “Evolution of the Mixtape”! But wait, there’s a twist that’ll make your sneakerheads’ hearts skip a beat!
Each shoe comes with a blockchain-based tech called an “LGT Tag.” 📀👟
Picture this: the LGT Tag is slickly embedded in the tongue of the shoe. Owners can scan it and unlock exclusive music content from Roc Nation artists. We’re talkin’ weekly mixtapes, access to unreleased music, and more! “
But hold up, we’re not done yet! They also mint an NFT on the Avalanche blockchain to authenticate the shoes and other sick apparel. It’s like digital proof that you’re rocking the real deal.
Now, let’s dive into the styles, folks. Brace yourself for the Cassette Tape, the Disc Walkman, and the Playlist. But can we talk about those Disc Walkman shoes? 📼💃 They may not win first place in a style competition, but they’re definitely making an impression. They kinda remind me of something my 5-year-old niece would decorate with stickers, if you catch my drift.
But hey, the utility aspect is where these kicks shine! With the ability to unlock exclusive jams from Roc Nation’s powerhouse lineup, it’s like having your personal concert on your feet.
🎤🔥 DJ Khaled, Alicia Keys, J Cole, J Balvin, and more are bringing the heat.
Polygon’s Network Takes Center Stage: Will MATIC Steal the Show?
Polygon (MATIC) has been shining bright in terms of network activity, surpassing other popular blockchains in terms of daily active addresses.
With over 365 thousand daily active addresses, it outperformed Ethereum (ETH) and Solana (SOL). This indicates the growing popularity and adoption of Polygon, setting a positive outlook for its future prospects. 🌟📈
However, despite the impressive network activity, MATIC’s price experienced a correction in the last 24 hours, declining by over 2%. The current price of MATIC stands at $0.7721 with a market capitalization of over $7 billion.
While this decline may be concerning, there are some positive signs. MATIC’s open interest is increasing, and the decreasing exchange reserve suggests that the token is not under significant selling pressure.
Technical indicators also provide insights into the token’s potential. The Exponential Moving Average (EMA) Ribbon hints at a possible bullish crossover, while the Moving Average Convergence Divergence (MACD) suggests that the bulls are leading the market. However, it’s worth noting that the Money Flow Index (MFI) has registered a downtick. ⚡📉
Overall, despite the recent price correction, the strong network activity and positive technical indicators signal a potentially bright future for Polygon (MATIC).
Crypto crime drops significantly in 2023, but it’s not all good news
🔥 We’ve got an exclusive scoop fresh off the press from Chainalysis, the masterminds of blockchain data. Brace yourselves for some mind-blowing news that will leave you gobsmacked!
Hold your breath, folks! 👀 The stats are in, and guess what? Crypto-related crimes have taken an epic nosedive of 65% in the first half of 2023 compared to last year! Sayonara, mischief-makers! 🙌 It’s time to bid farewell to those pesky scams and dark web shenanigans. We’ve shown them who’s boss!
But wait, there’s more! As these cunning crypto criminals count their losses, they realized they’ve left behind a whopping $3.3 billion on their thieving quest thus far. Poof, gone in a puff of smoke!
🌬️🤑 And get this, those sneaky scammers have seen their revenue drop by a numbing 77% since June 2022. Talk about a knockout punch!
That’s not all, folks. We’ve also got some exciting news for all you risk-takers out there. 🎲🤑 Inflows to “risky entities” (high-risk exchanges and mixers, to be precise) have dropped by a staggering 42%. Looks like even the bad guys are struggling to keep up with our crypto-sleuthing skills! 🕵️♂
But hold onto your altcoins, because lurking in the shadows is a formidable enemy that refuses to back down. Enter the land of ransomware attacks, where these cyber-criminals are wreaking havoc to the tune of $449 million! Yikes, it’s like a thriller movie we can’t escape! 😱
Remember the twists of 2022? Ah, good times. The Russia-Ukraine war unexpectedly gave us a break from ransomware attacks, as many organizations in the region were displaced. But hold onto your crypto wallets tight because the report warns us that if we’re not careful, these ransomware attackers could snatch a jaw-dropping $898.6 million by year-end. It’s “big game hunting” all over again! 😮
Meme Coin Corner
- 💰Shiba Inu Flies Higher In Tandem With Dogecoin As Crypto Sector Reacts To XRP Judgement: A Technical Analysis
- 🚀 Dogecoin Co-Founder Has High Hopes for Billionaire Elon Musk’s New AI Venture, Calling It ‘Really Interesting’
- 🔥 PEPE: Is this whale movement the catalyst to long-term gains?
Crypto Market Watch
If you had invested $100 in Bitcoin on October 3, 2014, when it was trading at $366, your current Bitcoin holdings would be worth $8,296.72. This represents an impressive gain of 8,196.72%.
Twice weekly crypto goodness, coming your way! Catch us every Tuesday and Friday. And hey, don’t forget to check us out on Wednesdays for all the latest AI news – because why limit yourself to just one kind of intelligence?
