🚀 GM,
Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰
Is Dogecoin Really Going to the Moon?
Can You Believe Snoop Dogg is Saying Goodbye to Weed?
Solana’s Rally Gets a Shout-Out from Cathie Wood!
Mystery of On-chain Analytics in Crypto
Today’s edition is sponsored by The Crypto Code, a leading research and education company that empowers individuals worldwide with the knowledge and tools to generate consistent profits in the crypto market through automation.
Is Dogecoin Really Going to the Moon?
It sounds like a line out of a sci-fi movie, but it’s actually happening. Dogecoin is going lunar! Next month, a robotics company based in Pittsburgh, Astrobotic, is sending a physical DOGE token to the moon. Yes, you read that right – to the actual moon!
How is this lunar trip possible? It’s all aboard the Peregrine Mission One lunar lander. This spacecraft is a veritable Noah’s Ark of modern tech, carrying a variety of payloads for governments, companies, universities, and not to mention, NASA’s Commercial Lunar Payload Services initiative.
And Dogecoin is a part of this mission? Absolutely! What’s even more fascinating is that this mission is partly funded by dogecoins themselves. The mission includes the whimsically named DHL Moonbox, which will house the physical dogecoin alongside other keepsakes.
When is this moonshot scheduled for launch? Mark your calendars for December 23. That’s when the Peregrine Mission One is set to lift off into space atop the powerful United Launch Alliance’s Vulcan Centaur Rocket.
How did this news affect Dogecoin’s value? Following the announcement, Dogecoin’s value jumped by as much as 12%. Even though the initial excitement settled, the memecoin is still up at $0.08, showing a 4.51% increase for the day.
Will other cryptos join Dogecoin on this epic ride? Yes! Not wanting to be left behind on Earth, a physical bitcoin will also make the journey to the moon inside that same DHL Moonbox.
Is this the first time Dogecoin has flirted with space travel? Not at all. In fact, space and Dogecoin have kind of an ongoing flirtation. Remember when Elon Musk announced SpaceX’s Doge-1 satellite mission back in 2021? Oh yes, that was also set to be entirely funded by Dogecoin.
What’s the big deal with sending a meme coin to the moon? “Astrobotic is truly opening the door to the next phase of space science, exploration, and commerce on the Moon.” That’s not just a small step for Dogecoin; it’s a giant leap for memekind and space commerce!
Can You Believe Snoop Dogg is Saying Goodbye to Weed?
In news that’s bound to stun many, Snoop Dogg, the one and only icon of chill, has just announced that he’s giving up marijuana. The DeFi market and fans alike are scratching their heads wondering: Is this for real?
Will Snoop stick to his word? The crypto world didn’t waste any time turning this juicy tidbit into a betting affair. Thanks to Polymarket, you can now place your bets on whether Snoop will remain smoke-free in 2023. So far, it seems there’s both skepticism and belief swirling around, with betting odds bouncing in response to the big news.
What’s the current betting situation? As of now, the order book’s getting some action, but the bets are still flowing in. The odds are sitting at an even split, though earlier, anyone betting on Snoop sticking to his new path were looking at potentially bigger wins.
Where does crypto come in with Snoop’s announcement? Would it be Snoop Dogg if there wasn’t a little twist? Not only is the world pondering his relationship with Mary Jane, but he’s also stepped up as Roobet’s ‘Chief Ganjaroo Officer.’ Yep, embracing a kangaroo mascot and promising to light up the future of online entertainment, not just blunts.
But what does ‘giving up smoke’ even mean? Now here’s where things get hazy. What did Snoop mean by “smoke”? Is he ditching all forms of THC, or just the ones that involve a lighter? Are edibles fair game? How about tinctures or those fancy hand creams? And vapes – they heat not burn, right?
Will betters be left in a cloud of uncertainty? The wording of the Polymarket bet is focused on whether Snoop will “smoke” before the ball drops on New Year’s Eve. So, if he’s caught with a vape or munching on a brownie, does that count? The definitions here are as blurry as a smoke-filled room.
Who’s gonna call the shots on the bet? UMA, a DeFi oracle network, has the tough job of making the final call in ‘Snoopgate’. They’ll have to sift through Snoop’s statements and credible reports to settle the score.
What if Snoop’s sneaky about it? It’s a brain-buster, alright. If Snoop decides to light up in the privacy of his mansion with no paparazzi in sight, how will we ever know? This could be one of the most intriguing challenges for oracle networks yet.
Solana’s Rally Gets a Shout-Out from Cathie Wood!
Cathie Wood, the visionary CEO behind ARK Invest, is stirring up the crypto waters with her recent comments on Solana. Known for her foresight in the finance world, Wood’s words carry weight – and it seems Solana’s SOL token is riding the high wave with her backing.
Why is everyone talking about Solana now? Well, Wood praised Solana for its speed and wallet-friendliness, especially in comparison to the industry giant Ethereum. “Solana is doing a really good job,” she stated in a CNBC interview. “It was faster and cheaper than Bitcoin in the day. Solana is faster and more cost-effective than Ethereum.”
Did her comments influence Solana’s price? You bet they did! After Wood’s commendation, Solana’s price surged. We saw a 15% increase the day following her interview. And guess what? Since then, SOL has climbed another $10 – trading at around $62 as of the latest info.
Is this a new high for Solana? Absolutely! This Ethereum rival has not just inched but leaped to a new yearly high. With a market cap that’s soaring and a 200% increase within a month, eyes are now set on the $100 milestone.
Has Wood always been a Solana supporter? Yes, indeed. Cathie Wood is no stranger to singing Solana’s praises. Earlier this month, she highlighted its potential on CNBC, hinting that it could even outperform Ethereum when it comes to speed and cost.
How does Cathie Wood view the crypto landscape? ARK Invest’s CEO is a big-time Bitcoin bull and has a keen interest in cryptocurrencies. However, she’s expressed frustration over the U.S. regulatory scene, notably with the SEC’s slow pace on sanctioning a Bitcoin ETF.
Where does ARK Invest stand with crypto investments? ARK’s ETFs are deep in crypto-adjacent firms. They’ve been wheeling and dealing – selling and buying shares in Grayscale Trust and Block, respectively, hinting at strategic moves catering to crypto’s unpredictable nature.
What’s the big picture for crypto according to Wood? Despite the regulatory rollercoaster, Cathie Wood remains bullish. She envisions a whopping $25 trillion cryptocurrency market by 2030 driven by institutional adoption.
Mystery of On-chain Analytics in Crypto
Cryptocurrency is taking the world by storm, and along with growing interest comes the need for security and trust. It’s not just about the speculation anymore; it’s about investor protection and ensuring that the bad apples don’t spoil the whole crypto bunch.
SEC and Bitcoin ETFs – What’s the big deal? The potential for SEC-approved spot bitcoin ETFs in the U.S. by 2024 is creating a huge buzz. While other countries have dipped their toes in with bitcoin ETFs, the U.S. is a major market player.
Heavyweights like BlackRock and Fidelity are lining up at the door, which could signify a massive leap forward for financial crypto products.
But isn’t crypto a bit… shady? The perception is out there, but the reality is that illegal activity in crypto is a drop in the ocean, just 0.24% of transactions in 2022. Traditional fiat money laundering dwarfs crypto crime by a country mile, with 2-5% of global GDP washed clean annually. Meanwhile, the entire market cap of crypto sits snugly well below this range.
Can crypto transactions even be tracked? Absolutely. Contrary to the myth of total anonymity, blockchain busts criminal moves with its fully traceable ledger. Blockchain may use pseudonyms, but every transaction becomes part of an audit trail that sleuths love. Companies like Chainalysis are the new sherlocks, turning analysis into an art form to track down digital footprints and bust the baddies.
What’s the proof that tracking works? Take Axie Infinity’s Ronin bridge heist – $615 million vanished into thin air, but not for long. The North Korean group Lazarus got traced as they tried to clean their dirty crypto, proving that the blockchain is no place to play hide and seek with stolen funds.
Breaking it down, how do on-chain analytics add security? Think of on-chain analytics as the neighborhood watch for the digital world. Once you can connect a crypto address to a person, the jig is up; their transaction history is out in the open. It’s not only official watchdogs on patrol; you’ve got hobbyist detectives and online enthusiasts piecing together the puzzle in real-time.
What kind of juice can you squeeze from on-chain analytics? Quite a bit, it turns out. On-chain data gives insight into unique wallet addresses, whether adoption is surging, and the level of activity within wallets. It’s like X-ray vision for the state of projects, revealing concentrations of token ownership that could suggest whale manipulation. This level of transparency is like sunlight for the industry, keeping things clean and clear.
Why does any of this matter? With big players taking an interest in crypto and discussions of ETFs potentially shifting to reality in the U.S., the crypto scene is hitting its stride. On-chain tracking is a crucial part of bolstering public and investor confidence, making sure that as the market grows, it grows in the right direction – with integrity and transparency.
CoinWestern Quixplaned🏆
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Twice weekly crypto goodness, coming your way! Catch us every Tuesday and Friday. Mondays, read our All-In-One crypto newsletter. 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?
