This stablecoin supply ratio metric, which acts as an important measure of the dominance of stablecoins vs. Bitcoin, has surged to a new all-time high at 4.13 on Oct. 25, according to data from Glassnode. Such a surge hints at a significant appetite for Bitcoin accumulation on-chain.

Bitcoin crash pre-halving? Stablecoin metric that marked 2019 top flashes warning

Data from on-chain market intelligence firm Glassnode revealed that the number of wallets in profit as of Monday was 39.1 million, which is by far the highest number ever recorded for the crypto asset, surpassing the 38.1 million peak seen in November 2021.

Bitcoin Price Surge Makes History As Rally Sees 40M Holders In Profit

The U.S. government, one of the largest Bitcoin (CRYPTO: BTC) holders in the world, has missed out on potential gains totaling over $6 billion due to premature selling of the cryptocurrency, as per data from on-chain analytics firm Glassnode.

US Government's Premature Bitcoin Sales Result In $6B Lost Gains: 'Killing The Golden Goose Of Silicon Valley'

Seeking Alpha is proud to welcome Bitcoin Magazine PRO as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for

The Binance Black Box: Assessing Reserves And Liabilities (BNB … – Seeking Alpha

Recent events in the crypto space have influenced the rally of major currencies, including Bitcoin – the digital gold. Traders in the market are in the green as Bitcoin surges to 50% of its all-time high and garners more investors’ confidence in the digital asset.

Bitcoin profits kickstart the bull run with 40 million addresses making good money

Bitcoin wallet addresses in profit hit a record high 39.1 million on Oct. 30, surpassing the previous high in November 2021.

Bitcoin Addresses In Profit Reach A Record High After Recent Price Surge

According to statistics compiled by Jameson Lopp, co-founder of Bitcoin custody firm Casa, the government has so far missed out on a grand total of over $6 billion in potential gains from its 195,092 BTC sell-off.

‘Sodl’ too soon: US gov’t missed Bitcoin gains now total $6B

Bitcoin addresses in the profit chart As per the Glassnode data, 80% of Bitcoin addresses are currently profitable, with the price of Bitcoin around $34,000. This surpasses the previous record of 38.1 million that was set in November 2021 as the highest ...

Bitcoin’s Profitable Addresses Reaches to New Record, 40 Million

The number of profitable Bitcoin (CRYPTO: BTC) addresses has reached a new all-time high, touching nearly 40 million, even though the cryptocurrency’s valuation is currently trading at half its peak price.

Over 40M Bitcoin Addresses Are In Profit As Apex Crypto Maintains $34K Levels

Bitcoin's bullish momentum spread across the entire crypto market this month, with all crypto sectors seeing gains in October.

81% of Bitcoin wallets in profit, why Crypto bulls are still Bitcoin

Glassnode

glassnode

Unlocking the Power of Crypto APIs: Transforming Data Into Insight and Opportunity

ক্রিপ্টো API-এর শক্তি আনলক করা: তথ্যকে অন্তর্দৃষ্টি এবং সুযোগে রূপান্তর করা

Die Leistungsfähigkeit von Krypto-APIs freisetzen: Daten in Erkenntnisse und Chancen umwandeln

Liberando el poder de las cripto API: transformando los datos en conocimientos y oportunidades

Libérer la puissance des API cryptographiques : transformer les données en informations et en opportunités

क्रिप्टो एपीआई की शक्ति को अनलॉक करना: डेटा को अंतर्दृष्टि और अवसर में बदलना

暗号 API のパワーを解き放つ: データを洞察と機会に変える

암호화 API의 힘 활용: 데이터를 통찰력과 기회로 전환

Desbloqueando o poder das APIs criptográficas: transformando dados em insights e oportunidades

Раскрытие возможностей криптографических API: преобразование данных в понимание и возможности

Kripto API'lerinin Gücünün Kilidini Açmak: Verileri İçgörüye ve Fırsata Dönüştürmek

Khai phá sức mạnh của API tiền điện tử: Chuyển đổi dữ liệu thành thông tin chuyên sâu và cơ hội

释放加密 API 的力量：将数据转化为洞察力和机遇

Maximizing Potential In BNB Staking

বিএনবি স্টেকিং-এ সর্বোচ্চ সম্ভাবনা

Maximierung des Potenzials beim BNB-Staking

Maximizar el potencial en las apuestas de BNB

Maximiser le potentiel du jalonnement BNB

बीएनबी स्टेकिंग में क्षमता को अधिकतम करना

BNBステーキングの可能性を最大限に引き出す

BNB 스테이킹의 잠재력 극대화

Maximizando o potencial no staking de BNB

Максимизация потенциала в ставках BNB

BNB Staking'de Potansiyeli En Üst Düzeye Çıkarma

Tối đa hóa tiềm năng trong việc đặt cược BNB

最大限度地发挥 BNB 质押的潜力

Recently, Solana (SOL) and Ethereum (ETH) surged by 5.5% and 3.5%, respectively, reflecting the market's bullish momentum, possibly influenced by BTC's recent halving. Amidst this, Furrever Token (FURR) emerges as a notable contender, capturing investor attention with an impressive accumulation of nearly $1,000,000 during its two-month presale period. As these cryptocurrencies make significant moves, investors eagerly anticipate their continued growth and the opportunities they present in the ever-evolving digital asset space. Solana (SOL) Surges 5.5%: Technical Analysis and Price Predictions Solana (SOL) has surged by 5.5% to reach a current price of $150.63, reflecting robust market performance with a significant 24-hour trading volume of $2.97 billion. This surge has propelled Solana's market capitalization to approximately $67.62 billion, solidifying its position as the fifth largest by market cap. Market watchers are increasingly optimistic about Solana's price predictions as it faces immediate resistance at $164.56, with further hurdles at $185.94 and $204.26. Support levels are identified at $126.23, $110.96, and $92.64, providing potential bounce-back points. The Relative Strength Index (RSI) at 39 suggests Solana is nearing oversold conditions, while the 50-day Exponential Moving Average (EMA) at $156.28 presents a significant resistance level. Whether Solana can sustain its upward momentum and overcome resistance posed by the 50-day EMA remains critical for investors and traders, as a breakout could lead to further gains. At the same time, failure to hold may result in a retreat to lower support zones. Ethereum (ETH) Rides Bitcoin Halving Wave: Capital Inflows Spark 4% Surge. Ethereum (ETH) witnessed a 4% surge, reaching a current price of $3,163.71, propelled by capital inflows sparked by Bitcoin's halving event. This surge mirrors the upside moves across the crypto market, with total market capitalization rising by 3.5% in the same period. Notably, the ETH/BTC pair rises roughly 2.5% to 0.048 BTC on April 21, indicating growing Ethereum dominance. Historically, Ethereum experienced increased capital inflows from Bitcoin post-halving events, leading to significant price surges. Recent data from Glassnode reveals accumulation among Ethereum's wealthiest investors, suggesting a precursor to further price upside. The current support level near ETH's 0.5 Fibonacci retracement line and its 200-day exponential moving average presents an attractive buying opportunity, reinforcing traders' confidence in Ethereum's upward trajectory. Furrever Token (FURR) Grabs Investor Attention with Presale Success Amid Market Uptick In the ever-evolving cryptocurrency market landscape, Furrever Token (FURR) has emerged as a standout player, captivating investor attention with its remarkable success in the presale phase amidst a recent uptick in market activity. Designed to revolutionize the crypto space with an infusion of irresistible cuteness, Furrever Token offers users a delightful and charming experience centered around the universal appeal of cute kitties. In a market dominated by serious blockchain projects, Furrever Token's light-hearted approach serves as a breath of fresh air, attracting not only seasoned investors but also newcomers eager to explore the playful side of crypto. At the heart of Furrever Token's mission is developing a user-friendly platform that fosters a warm and friendly community. Furrever Token aims to create a whimsical crypto ecosystem where fun and enjoyment take center stage by integrating cute cat-themed stickers, emojis, and visuals. Regular challenges, launches, and growth initiatives encourage users to share their love for cuteness, fostering a sense of camaraderie and shared joy among community members. The tokenomics of Furrever Token are carefully structured to incentivize participation and support project growth. With 65% of tokens available during the presale phase, investors have ample opportunity to secure their stake in the project's future success. Having already raised over $1,000,000 and nearing the completion of stage 7 out of 10, Furrever Token is well on its way to reaching its fundraising goal of $1.9M before its highly anticipated launch on DEX (PancakeSwap). One of the most enticing aspects of Furrever Token is its potential for substantial returns. With up to 15X returns and a current price of $0.000564, FURR has garnered significant interest from investors seeking profitability and engagement. Moreover, Furrever Token has implemented various security measures to reassure investors of the project's legitimacy. These measures include audits, token lock-ups, and active community engagement initiatives, all contributing to a transparent and trustworthy investment environment. In conclusion, Furrever Token is a promising project for further success in the crypto market. With its unique blend of cuteness, community engagement, and profitability, FURR has captured the imagination of investors worldwide. As the project continues to gain momentum and attract new supporters, the future looks bright for Furrever Token and its growing community of dedicated enthusiasts. Investors can only purchase FURR from the official website, furrevertoken.com, ensuring a secure and reliable transaction process.Discover the Most Exclusive Presale Opportunity of 2024 Now:Furrever Token Official Website  |   Visit Furrever Token Presale Join Official Telegram Group       |   Follow Official X Account This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. Recently, Solana (SOL) and Ethereum (ETH) surged by 5.5% and 3.5%, respectively, reflecting the market's bullish momentum, possibly influenced by BTC's recent halving. Amidst this, Furrever Token (FURR) emerges as a notable contender, capturing investor attention with an impressive accumulation of nearly $1,000,000 during its two-month presale period. As these cryptocurrencies make significant moves, investors eagerly anticipate their continued growth and the opportunities they present in the ever-evolving digital asset space. Furrever Token (FURR) Furrever Token (FURR) cryptocurrencies Solana (SOL) Surges 5.5%: Technical Analysis and Price Predictions Solana (SOL) has surged by 5.5% to reach a current price of $150.63, reflecting robust market performance with a significant 24-hour trading volume of $2.97 billion. This surge has propelled Solana's market capitalization to approximately $67.62 billion, solidifying its position as the fifth largest by market cap. Market watchers are increasingly optimistic about Solana's price predictions as it faces immediate resistance at $164.56, with further hurdles at $185.94 and $204.26. Support levels are identified at $126.23, $110.96, and $92.64, providing potential bounce-back points. The Relative Strength Index (RSI) at 39 suggests Solana is nearing oversold conditions, while the 50-day Exponential Moving Average (EMA) at $156.28 presents a significant resistance level. Whether Solana can sustain its upward momentum and overcome resistance posed by the 50-day EMA remains critical for investors and traders, as a breakout could lead to further gains. At the same time, failure to hold may result in a retreat to lower support zones. Ethereum (ETH) Rides Bitcoin Halving Wave: Capital Inflows Spark 4% Surge. Ethereum (ETH) witnessed a 4% surge, reaching a current price of $3,163.71, propelled by capital inflows sparked by Bitcoin's halving event. This surge mirrors the upside moves across the crypto market, with total market capitalization rising by 3.5% in the same period. Notably, the ETH/BTC pair rises roughly 2.5% to 0.048 BTC on April 21, indicating growing Ethereum dominance. Historically, Ethereum experienced increased capital inflows from Bitcoin post-halving events, leading to significant price surges. Recent data from Glassnode reveals accumulation among Ethereum's wealthiest investors, suggesting a precursor to further price upside. The current support level near ETH's 0.5 Fibonacci retracement line and its 200-day exponential moving average presents an attractive buying opportunity, reinforcing traders' confidence in Ethereum's upward trajectory. Furrever Token (FURR) Grabs Investor Attention with Presale Success Amid Market Uptick In the ever-evolving cryptocurrency market landscape, Furrever Token (FURR) has emerged as a standout player, captivating investor attention with its remarkable success in the presale phase amidst a recent uptick in market activity. Designed to revolutionize the crypto space with an infusion of irresistible cuteness, Furrever Token offers users a delightful and charming experience centered around the universal appeal of cute kitties. In a market dominated by serious blockchain projects, Furrever Token's light-hearted approach serves as a breath of fresh air, attracting not only seasoned investors but also newcomers eager to explore the playful side of crypto. Furrever Token (FURR) Furrever Token (FURR) At the heart of Furrever Token's mission is developing a user-friendly platform that fosters a warm and friendly community. Furrever Token aims to create a whimsical crypto ecosystem where fun and enjoyment take center stage by integrating cute cat-themed stickers, emojis, and visuals. Regular challenges, launches, and growth initiatives encourage users to share their love for cuteness, fostering a sense of camaraderie and shared joy among community members. The tokenomics of Furrever Token are carefully structured to incentivize participation and support project growth. With 65% of tokens available during the presale phase, investors have ample opportunity to secure their stake in the project's future success. Having already raised over $1,000,000 and nearing the completion of stage 7 out of 10, Furrever Token is well on its way to reaching its fundraising goal of $1.9M before its highly anticipated launch on DEX (PancakeSwap). One of the most enticing aspects of Furrever Token is its potential for substantial returns. With up to 15X returns and a current price of $0.000564, FURR has garnered significant interest from investors seeking profitability and engagement. Moreover, Furrever Token has implemented various security measures to reassure investors of the project's legitimacy. These measures include audits, token lock-ups, and active community engagement initiatives, all contributing to a transparent and trustworthy investment environment. In conclusion, Furrever Token is a promising project for further success in the crypto market. With its unique blend of cuteness, community engagement, and profitability, FURR has captured the imagination of investors worldwide. As the project continues to gain momentum and attract new supporters, the future looks bright for Furrever Token and its growing community of dedicated enthusiasts. Investors can only purchase FURR from the official website, furrevertoken.com, ensuring a secure and reliable transaction process. Discover the Most Exclusive Presale Opportunity of 2024 Now: Furrever Token Official Website | Visit Furrever Token Presale Join Official Telegram Group | Follow Official X Account Furrever Token Official Website Furrever Token Official Website Visit Furrever Token Presale Visit Furrever Token Presale Join Official Telegram Group Join Official Telegram Group Follow Official X Account Follow Official X Account This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here . here

Ethereum  and Solana Traders Eye Furrever Token Presale as ROI Climbs

Ethereum এবং Solana Traders Eye Furrever Token Presale ROI ক্লাইম্বস হিসাবে

Ethereum- und Solana-Händler erwägen Vorverkauf von Furrever-Token, da der ROI steigt

Los comerciantes de Ethereum y Solana miran la preventa del token Furrever a medida que aumenta el ROI

Les traders d'Ethereum et de Solana envisagent la prévente de jetons Furrever alors que le retour sur investissement augmente

एथेरियम और सोलाना ट्रेडर्स की नजर आरओआई बढ़ने के साथ ही फुर्रेवर टोकन प्रीसेल पर है

イーサリアムとソラナのトレーダーは、ROIの上昇に伴い、Furreverトークンのプレセールに注目している

ROI 상승에 따라 이더리움과 솔라나 트레이더, Furrever 토큰 사전 판매 주목

Ethereum e Solana Traders Eye Furrever Token Pré-venda conforme o ROI sobe

Трейдеры Ethereum и Solana следят за предпродажей токена Furrever, поскольку рентабельность инвестиций растет

Yatırım Getirisi Artırırken Ethereum ve Solana Yatırımcıları Furrever Token Ön Satışını Gözetliyor

Nhà giao dịch Ethereum và Solana Eye Furrever Bán trước Token khi ROI tăng

随着投资回报率的攀升，以太坊和 Solana 交易员关注 Furrever 代币预售

An introductory manual for newcomers looking to venture into cryptocurrency investment in the year 2024 PLEASE DO YOUR OWN RESEARCH BEFORE INVESTING IN ANYTHING. As we approach 2024, eager crypto enthusiasts are anticipating the upcoming BULL run in 2024-2025. I’ve composed this article to ensure you have a chance to seize the opportunity without the risk of getting trapped in the bubble. This article highlights the investment opportunity in the cryptocurrency domain and will explain: Why Crypto investments are a smart decision Market Bitcoin How to Invest in Crypto Investment Amount Selecting Assets Entry and Exit Understanding differences between Wallets and Custodians Centralized Vs Decentralised Exchanges Products that I use Final Thoughts scams Get Educated about money Summary Why Invest in Cryptocurrencies? Short Answer: In anticipation of a Bitcoin Bull Run shortly after the Halving event scheduled for April 2024. Long Answer: Market The global cryptocurrency market cap today is a whooping $1.85 Trillion, where Bitcoin ( ) and Ethereum ( ) account for nearly 49.7% and 16.1% respectively, reaching nearly $1.2 Trillion in Market Cap. BTC ETH CoinGecko boasts a registry of 12,665 coins, while CoinMarketCap records an extensive 2.2 million plus coins. With this ever-growing ecosystem of coins, investors can easily get confused and miss out on valuable, and potentially life-changing, assets. Cryptocurrencies other than Bitcoin, are generally referred to as “Altcoins”. Some popular altcoins include Ethereum, BNB, Tether, Solana, XRP, USDC, Cardano, Avalanche, Dogecoin, Chainlink, Tron, etc. Investing seems a challenging task at this point, but it’s pretty simple actually. Bitcoin is the father of Cryptocurrencies and the entire Crypto market Follows the Bitcoin Trail. If the price of Bitcoin goes 🔼, prices of Altcoins go 🔼 generally If the price of Bitcoin goes 🔽, prices of Altcoins go 🔽 generally Bitcoin (BTC) Bitcoin is the first cryptocurrency built on blockchain technology, also known as a decentralized digital currency that is based on cryptography. Unlike government-issued or generally termed fiat currency such as US Dollar or Indian Rupee (INR) which are controlled by the country’s central bank, Bitcoin can operate without the need of a central authority like a central bank or a company. This decentralized nature allows peer-to-peer (p2p) networks whereby users can send funds to each other without going through intermediaries. BTC is created as a reward to the miner who adds a block of transactions in the BTC blockchain. Currently, miners receive 6.25BTC for adding 1 block into the chain. This reward gets cut in half after every 4 years. This monetary policy is referred to as Bitcoin Halving or Halvening, an event that plays a pivotal role in maintaining the limited capped supply of the Bitcoin system at 21 million BTC. This is a Major Macro Trend in the Crypto ecosystem primarily because of Bitcoin's dominance, its immutable nature, and rigid architecture. Bitcoin’s Halving creates a supply crunch, while the demand for BTC is ever-growing as people learn more about this new technology,  the price of Bitcoin will have nowhere but to go up. Not to mention the looming Bitcoin ETF approvals in the USA, opening gates for institutional Cryptocurrency investments. After April 2024, the reward for mining Bitcoin will be reduced to 3.125 BTC per block from the current 6.25 BTC per block. Bitcoin Website: https://bitcoin.org/en/ Current circulating supply: . 19.62 million BTC Price at the time of writing: $46,947.17 How to Invest in Cryptocurrencies Trading and Investment aren’t the only ways to earn from crypto, but let’s discuss that some other time. I'll outline some fundamental considerations before starting your investment journey, but there is a wealth of additional factors to explore. Investment Amount This is a personal and financial decision, but let me simply this in 3 ways 2-10%: New To Crypto 10 - 50%: If you understand blockchain and crypto and know where you are investing 50-100%: Crypto Professional, but not advisable % is based on your total Investment Portfolio Selecting Assets Navigating the wide range of Assets to choose from it’s very difficult to study each one of them before investing, but with the new wave of social media marketing, you must do your due diligence before investing even a penny into anything. Here’s a simple formula for navigating the Crypto Market: DYOR about Blockchain and Crypto Invest in Big Market Cap Projects, mainly Bitcoin, Ethereum, and other Top10 cryptocurrencies by Market Cap Diversify your cryptocurrency portfolio with assets in the Top 100 by Market Cap Get involved in the expanding community Investing in projects where you contribute, and projects you identify can produce potential gains (short/ long term) Refer to and for deep insights on Cryptocurrency Market CoinMarketCap CoinGecko Diversify your Crypto Portfolio with Top10/ Top20 cryptocurrencies by Market Cap. Entry and Exit If you’re reading this before April 2024, you are at a golden point in time, where the crypto market is about to pump up in prices over the next 4-6 quarters. Make up your mind, decide on your strategy, and don’t let emotions play out. If you’re a beginner crypto investor, your best bet is to Dollar Cost Average (DCA) your investment. Just like a Systematic Investment Plan (SIP) in mutual funds, you can invest in your selected cryptocurrencies periodically to average out the buying cost. Crypto Index Funds are another structured option to look for, but as the space is still under rapid development, you might not find one so easily. and some other leading centralized exchanges offer such investment products. Binance Regularly monitoring your Investment is also a crucial part of the process. Occasionally we have seen projects like LUNA, FTX, etc which have lost their value in a matter of hours, entrapping investors and their capital. As Crypto lacks the guard rails of traditional financial systems, it’s up to individual investors to be smart and get regularly informed about the market and their investments. The most important aspect of Crypto Investment is “EXIT”. If you try to time the exit, it can be profitable, but chances are you’re gonna be stuck with Crypto Assets that can lose 90% of their value. was priced at around $200 in 2021, and it merely traded around $15 for most of 2023. Solana Again, it’s better to DCA your exit strategy rather than timing the top. It’s better to sell parts of your investment at a regular interval when the prices are appreciated and you’re bagging profit. You need to monitor the macro trends in the ecosystem to safeguard from high volatility. Some Metrics to watch out are: Fear and Greed Index 200 Week Moving Average Stock-to-Flow model Pi Cycle Top Indicator The Golden Ratio Multiplier To monitor the macro trends, tools like lookintoBitcoin, GlassNode, Messari, etc are quite helpful Remember to exit the market before BEAR run starts The Technology Stack Required for Crypto Investments Wallet There are plenty of crypto wallets providing a range of functionality and spectra of ownership. Not all crypto wallets let you own your assets. The majority of wallets are custodians, which owns the crypto assets on your behalf. Boom in mixed crypto wallets are on the rise, but I’ll explain 3 types of Wallets that are generally adopted: These are wallets that are connected to your email, phone, or some traditional web2 login methods. These wallets provide an easy on-ramp for users who want to buy assets from fiat currency but lack in providing ownership of assets to its users. These are centralized products and own the assets for you. Custodial Wallets: These wallets are part of blockchain systems, and lets you own your assets. Metamask and Trust Wallet are both pioneer wallets having a large user base. These wallets are created using a cryptographic Private-Public Key Pair. And a 12/24 word mnemonic phase is given to the user as a key while creating one. Hot Wallets: These are self-custody safe crypto wallets, used for holding a large number of cryptocurrencies for a very long period. These are the most secure form of wallets, providing maximum security from hacks and scams. Trezor and Ledger are pioneering projects in this sector. Cold Storage: There are smart-contract, Account Abstraction, MultiSig, and MPC wallets, but more about them in another article. There are a lot of things to consider before choosing your primary wallet, but generally, you’ll be using multiple wallets to manage your digital assets. I encourage you to use centralized products and gradually shift towards decentralized and secured products as you gain more knowledge and exposure to cryptocurrencies. Exchange Exchanges are platforms where buyers and sellers can meet to trade their assets. These are traditional Order Book Exchanges, maintained on traditional servers with a permissioned listing of crypto assets to be traded on the platform. Although these platforms bring ease in crypto financial features, BEWARE, you don’t hold your assets and most of these exchanges are not regulated by Governments, hence becomes an easy way for owners to get scammed. Centralized Exchanges: These are new and modern Automated Market Maker Exchanges, developed in the crypto ecosystem, to enable the financial markets without the need for central intermediaries. These are complex exchanges and are part of blockchain applications. Decentralized Exchanges: Although these platforms are hard to understand, they allow you to connect your crypto Wallet to trade the assets that you own. If you are new to the crypto space, start with Centralised Exchange. Choosing an exchange is the most important, as this will generally be a centralized exchange if you are coming from no crypto background. You’ll most likely be asked to do a KYC (Know Your Customer) to withdraw funds, but most exchanges are in tax-free countries and do not comply with state regulations, but there is no guarantee. Do your due diligence before selecting an exchange according to your location and preference. Products I use The World’s largest crypto exchange by trading volume, with $76 billion daily trading volume on the Binance exchange as of August 2022, and 90 million customers worldwide. Users can buy, sell, store their digital assets, as well as access to over 400 cryptocurrencies listed and thousands of trading pairs. but offers a wide range of financial applications under one roof including spot, options, futures, Bots, P2P, Copy trading, Earn, and more. Binance: Binance is a centralized exchange Crypto Asset Exchange with an established presence in India, Australia, and Singapore. Complies with the Indian government and offers only well-researched crypto assets to trade on the platform. Does not offer p2p trading, hence users need to connect their bank accounts to swap between platform money (INR) into fiat money. Zebpay: Leading Self-Custodial Wallet with a safe and simple way to access blockchain applications and web3. Pioneering decentralised crypto wallet which is a part of the blockchain network. You can buy, store, send, and swap tokens, explore blockchain apps and own your data. You can configure any EVM-compatible chain in the wallet with the same key and address, while also enabling multiple sub-accounts. Can be accessed through a browser extension, browser window, and mobile application for Android and iOS. Metamask: Some other products include Coinbase, Valora, Phantom Wallet, Trust Wallet, and Safe Wallet Final Thoughts Scams With the inception of Bitcoin in 2009, the crypto ecosystem is now 15 years old, and has grown exponentially, but still is unregulated and expects all users to be well informed by themselves rather than trusting someone, especially when it’s the case of money. Rug pulls and scams are very common in this space, and if you are not careful it can cause to total loss of your funds permanently. Cryptocurrencies are a relatively new asset class and pose a high-risk level. Where high risk comes with a high reward ratio, it also comes with a decreasing probability of success. Hence you can decrease that risk by investing with as much as information you can gather, and not just crypto but even about using fiat currency, stocks that you buy, houses you live in, or commodities you own. Learn About Money Interestingly, not a lot of people know what money is, and even less about what is the difference between money and currency. Our modern currency system is very simple but is made complex by design to keep the general public in the dark. If you wanna learn more about it, I refer you to “Hidden Secrets of Money” by Mike Maloney. A 10-episode documentary that felt no different than a drama web series to me. Our school systems do not have money in our curriculum yet our life depends on it. We spend most of our lives worrying bout it, working for it, saving it, spending it, even fighting, dying, or killing for it. It defines our social status and even compromises our morals. Learn as much as you can, and understand the race before start running. It’s not a 100-metre race, it’s a fucking Triathlon. Summary Understand the Cryptocurrency market, and learn about macro trends Bitcoin (BTC) and Ethereum (ETH) dominate the market Get started with crypto exchange and wallet products. Invest a small amount of your total investment portfolio Choose from Top10/ Top20 cryptocurrencies, including major portion for Bitcoin and Ethereum Start your systematic investment till bitcoin halving, buy the dips, DCA/ SIP Monitor your investment Create an Exit strategy Claim your profit. Enjoy your lambo! If you find this article interesting or have any questions, drop down a comment, and share this article with your family and friends. No point in being rich alone, when there’s no one to enjoy your success with!

Cryptocurrency Is Still the Investment Opportunity of the Decade

Liquidity provisioning in Uniswap V3 presents a stochastic optimal control problem with a well-defined utility function to maximize. This article introduces an innovative framework for intelligent liquidity provisioning, utilizing a combination of agent-based modeling and reinforcement learning. Our framework provides a robust and adaptive solution for optimizing liquidity provisioning strategies. The Uniswap V3 model mimics real-world market conditions, while the agent-based model (ABM) creates an environment for simulating agent interactions with Uniswap V3 pools. The reinforcement learning agent, trained using deep deterministic policy gradients (DDPG), learns optimal strategies, showcasing the potential of machine learning in enhancing DeFi participation. This approach aims to improve liquidity providers’ profitability and understanding of CFMM markets. Content Overview Introduction Intelligent liquidity provisioning framework Components of Intelligent Liquidity Provisioning Framework Agent-based simulator Reinforcement Learning Model Limitations Future Work Conclusion Resources References Introduction In my previous article on market making we explored the mechanics and strategies of market making in traditional financial markets. Building upon those insights, this article introduces an innovative framework for intelligent liquidity provisioning in the context of Uniswap V3. As mentioned in our prior research, our goal was to extend our understanding of market dynamics and liquidity management in decentralized finance ( , specifically through the development of the Intelligent Liquidity Provisioning Framework. [Market Making Mechanics and Strategies], DeFi) Decentralized finance (DeFi) has undergone remarkable growth, introducing innovative financial products and services accessible to a global audience. Uniswap V3, at the forefront of this innovation, has revolutionized liquidity provisioning with its concentrated liquidity feature. However, this advancement brings forth complex decision-making challenges for liquidity providers. This article introduces a comprehensive framework designed to address these challenges, offering a simulated environment for studying and optimizing liquidity provisioning strategies. Our framework comprises three key components: the Uniswap V3 model, an agent-based model (ABM), and a reinforcement learning agent. The Uniswap V3 model provides a representation of the pool, enabling the deployment and interaction with tokens and pools. The ABM introduces complexity by simulating agent interactions and market dynamics, creating a rich environment for strategy evaluation. The reinforcement learning agent, operating within this environment, adopts a deep deterministic policy gradient approach to learn and adapt strategies, aiming for optimal performance in liquidity provisioning. This research aims to develop an intelligent liquidity provisioning (ILP) mechanism using reinforcement learning (RL) to autonomously manage and optimize liquidity within the Uniswap V3 environment. The mechanism seeks to maximize the utility function, considering fees earned, impermanent loss, and other metrics based on liquidity providers’ preferences while adapting to the complex dynamics of the CFMM market. Intelligent Liquidity Provisioning Framework In the RL framework, the liquidity provisioning problem is formulated as a Markov Decision Process (MDP). The MDP consists of states, actions, and rewards. States represent the current market conditions, including asset prices, trading volumes, and other relevant variables. States: Actions correspond to the decisions made by the liquidity provider, such as adjusting liquidity allocations, rebalancing portfolios, etc. Actions: Rewards quantify the desirability of the outcomes based on the liquidity provider’s objective function, preferences, and constraints. The rewards can be positive for desirable outcomes (e.g., high returns) and negative for undesirable outcomes (e.g., high risk or underperformance). Rewards: The objective function represents the liquidity provider’s desired outcome, which can be a combination of factors like maximizing returns, minimizing risks, or achieving a specific trade-off between the two. Constraints can include limitations on liquidity allocations, capital utilization, risk tolerance levels, or other restrictions defined by the liquidity provider. Objective Function: RL training is an iterative process where the agent continuously updates its policy based on feedback. The agent learns from its experiences and refines its decision-making over time, gradually converging to more optimal liquidity provisioning strategies. Once the RL agent has been trained, it can be tested and evaluated using historical data or simulated environments to assess its performance against the liquidity provider’s objective function and constraints. The agent’s performance can be measured using metrics like returns, risk measures, or other relevant performance indicators. By applying RL algorithm, the liquidity provisioning mechanism can learn and adapt to changing market conditions, identify optimal liquidity provision strategies, and balance constraints and preferences specified by the liquidity provider. RL enables the mechanism to find solutions that maximize the liquidity provider’s objective function, considering various trade-offs and constraints autonomously and dynamically. Components of Intelligent Liquidity Provisioning Framework The framework comprises three major components: UniswapV3 Model The Uniswap V3 model implemented in Python offers a detailed and functional simulation of the Uniswap V3 protocol, capturing its nuanced mechanics and providing users with a comprehensive toolset for interacting with the protocol. The UniswapV3_Model class handles the deployment of tokens and pools, initializes pools, and provides an interface for pool actions and pool state retrieval. Overview The Uniswap Model serves as the foundation of the Intelligent Liquidity Provisioning Framework, encapsulating the core mechanics of Uniswap V3. It leverages compiled smart contracts from Uniswap’s V3-Core, deployed in a local Ganache environment using brownie, to create a realistic and interactive simulation. Contract Compilation and Deployment The framework integrates with Brownie, a Python-based development and testing framework for smart contracts, to compile and deploy the Uniswap V3 smart contracts. These contracts are then deployed to a local Ganache environment, providing a sandbox for testing and development. This setup ensures that users can interact with the Uniswap environment without the need for real assets or network transactions, fostering a safe and controlled experimentation space. Agent-Based Simulator is used to simulate the Uniswap V3 environment, agent policies are defined to incorporate the dynamics of Uniswap market participants. Different types of agents are used to simulate the dynamic Uniswap environment Tokenspice agent-based simulator Introduction simulates the actions and interactions of individual agents within the Uniswap V3 ecosystem. By modeling the complex behaviors of different participants, the ABM provides a comprehensive interface of Uniswap V3 dynamic environment, enabling the analysis and optimization of liquidity provisioning strategies. Tokenspice Agent-Based Model (ABM) Agent Types and Behaviors The ABM includes various agent types, each representing a specific role within the Uniswap V3 ecosystem. The two main agents are the Liquidity Provider Agent and the Swapper Agent, which interact with the Uniswap pools to provide liquidity and perform token swaps, respectively. The behavior of these agents is dictated by policies defined in the file, ensuring that their actions are aligned with real-world strategies and market conditions. agents_policies.py This agent adds and removes liquidity from the Uniswap pools. It follows a set of policies that dictate its actions based on the current state of the market and the agent’s preferences. Liquidity Provider Agent: The Swapper Agent performs token swaps within the Uniswap pools, taking advantage of price discrepancies and arbitrage opportunities. Its behavior is guided by policies that assess the potential profitability of trades, considering transaction fees and slippage. Swapper Agent: Simulation Configuration and Execution The file is central to the ABM, configuring how agents interact with each other and with the Uniswap pools. It defines the relationships between agents, policies, and the simulation environment. netlist.py The , , and modules provide the foundational elements for running simulations. The SimEngine orchestrates the simulation, managing the flow of time and the execution of agent actions. The SimStateBase maintains the current state of the simulation, storing data on agent holdings, pool states, and other relevant variables. The SimStrategyBase defines the overarching strategies that guide agent behavior throughout the simulation. SimEngine.py SimStateBase.py SimStrategyBase.py Reinforcement Learning Model Introduction The Reinforcement Learning (RL) Agent is a pivotal component of the Intelligent Liquidity Provisioning Framework, designed to interact with the Uniswap V3 ecosystem through Uniswap Model an agent-based model. This section delves into the RL Agent, its environment, and the DDPG (Deep Deterministic Policy Gradient) algorithm used for training. RL Agent Environment The RL Agent operates in a custom environment, , which interfaces with the Uniswap model and the agent-based model to simulate the DeFi market. This environment facilitates the agent’s interaction with Uniswap pools, allowing it to add and remove liquidity, and observe the consequences of its actions. The RL Agent interacts with the Uniswap model and ABM to simulate real-world liquidity provisioning in Uniswap V3. It chooses actions that result in adding or removing liquidity, with policies and simulation configuration defined in the ABM, ensuring realistic interactions. DiscreteSimpleEnv The environment’s state space includes various market indicators such as the current price, liquidity, and fee growth. These parameters are normalized and provided to the agent at each timestep. State Space: The agent’s action space consists of continuous values representing the price bounds for adding liquidity to a Uniswap pool. These actions are translated into interactions with the Uniswap pools, affecting the state of the environment. Action Space: The reward function is crucial for training the RL Agent. It takes into account the fee income, impermanent loss, portfolio value, and potential penalties, providing a scalar reward signal to guide the agent’s learning process. Reward Function: DDPG Agent The DDPG Agent is a model-free, off-policy actor-critic algorithm using deep function approximators. It can handle high-dimensional state spaces and continuous action spaces, making it well-suited for our Uniswap V3 environment. This network is responsible for providing the best-believed action given a state. It has a sigmoid output layer, outputting relative values for and which are then scaled to the desired range in agent env, representing the price bounds for adding liquidity. Actor Network: price_lower price_upper This network evaluates the action value function, estimating the expected return of taking an action in a given state. Critic Network: DDPG employs target networks for both the actor and critic, which are slowly updated to stabilize training. Target Networks: This technique is used to store a replay buffer of past experiences, allowing the agent to learn from a diverse set of samples, breaking correlations in observations, and smoothing out learning. Experience Replay: Interaction with Uniswap Model and ABM The RL Agent leverages the Uniswap model and agent-based model to simulate real-world liquidity provisioning in Uniswap V3. It interacts with the Uniswap pools through the , performing actions that result in adding or removing liquidity. The agent’s policies and the simulation configuration are defined in the ABM component, ensuring a realistic and coherent dynamic environment. DiscreteSimpleEnv The agent is trained over a series of episodes, each representing a different market scenario (different pool). The agent’s performance is evaluated based on its ability to maximize returns while minimizing risks associated with liquidity provisioning. The effectiveness of the Intelligent Liquidity Provisioning Framework is assessed through the evaluation of the reinforcement learning (RL) agent’s performance. Train and Evaluate Agent: To evaluate the RL agent, we set up a specialized evaluation environment, , which extends the base environment, . This environment is tailored for the evaluation of agent policies. Environment Setup: DiscreteSimpleEnvEval DiscreteSimpleEnv In our evaluation setup, we compare the RL agent’s performance against that of a baseline agent. The baseline agent’s actions are determined by a baseline policy that relies on the current state of the liquidity pool. This agent aims to provide a reference point for evaluating the RL agent’s performance. Baseline Agent: Results Training Evaluation Limitations Currently, the framework does not fully capture the real-time synchronization of pools, which can lead to discrepancies in modeling real Uniswap V3 dynamics. Future work should focus on incorporating mechanisms for better pool synchronization, potentially utilizing tick/position data or events to enhance realism. Pools Synchronization: The agent policies employed in the current framework are relatively simple and naive. To achieve more accurate simulations, future iterations should aim to define more comprehensive agent policies. These policies could model various types of Uniswap agents, such as noise traders, informed traders, retail liquidity providers, and institutional liquidity providers. Alternatively, statistical models trained on historical pool data can inform agent policies for more realistic behavior. Naive Agent Policies: The observation space provided to the agents lacks comprehensive information about the state of the pool. To improve decision-making capabilities, future enhancements should include tick and position data, along with engineered features that offer agents a more comprehensive understanding of the pool’s status. Sparse Observation Space: The action space for agents is currently constrained, with fixed liquidity amounts and restricted price range bounds. Expanding the action space to allow for more flexibility in liquidity provision, as well as considering multiple positions per step, can enhance the fidelity of the simulations. Limited Action Space: Future Work Agent Environment: Implement mechanisms to synchronize pools, possibly using tick/position data or events, to create more realistic dynamics in the Uniswap V3 environment. Synced Pools: Actor/Critic Network Architecture, alpha, beta, tau, batch size, steps, episodes, scaling parameters (rewards, actions, observation space) Hyperparameter Tuning: Define more sophisticated analytical policies that accurately model various Uniswap agents or utilize statistical models trained on historical pool data to inform agent behavior. Comprehensive Agent Policies: Enhance the observation space by including tick and position data, and engineer features that provide agents with a comprehensive view of the pool’s state. Informative Observation Space: Develop an improved reward function that accounts for a wider range of factors, leading to more effective agent training. Improved Reward Function: Instead of one position with a fixed budget at each timestep, implement a more comprehensive mechanism in which the agent is allocated a budget once at the start of the simulation and then learns to use this budget optimally in subsequent steps. Multiple Positions: Define more comprehensive baseline policies to evaluate the performance of the RL agent Baseline Policies: Agent Algorithm Further refine and optimize the hyperparameters of the reinforcement learning agent for better training performance. Hyperparameter Tuning: Explore alternative RL agent models, such as Proximal Policy Optimization (PPO) or Soft Actor-Critic (SAC), to determine if they offer advantages in specific scenarios. Experimentation with Other RL Agents: Investigate the application of multi-agent reinforcement learning techniques, which can be beneficial for modeling interactions among multiple liquidity providers and swappers. Multi-Agent RL (MARL): Implement online learning strategies that allow agents to adapt to changing market conditions in real time, providing a more dynamic and adaptive liquidity provisioning solution. Online Learning: Conclusion In the rapidly evolving landscape of decentralized finance (DeFi), liquidity provisioning plays a pivotal role in enabling efficient and secure trading. Uniswap V3, with its innovative concentrated liquidity feature, has pushed the boundaries of what is possible in DeFi liquidity management. However, the complexities of optimizing liquidity provisioning strategies within this dynamic ecosystem require innovative solutions. Our Intelligent Liquidity Provisioning Framework represents a significant step forward in addressing these challenges. By combining agent-based modeling and reinforcement learning, we have created a powerful toolkit for liquidity providers and market participants. This framework offers a robust and adaptive solution for optimizing liquidity provisioning strategies, with a focus on maximizing utility functions that encompass fees earned, impermanent loss mitigation, and other metrics tailored to individual preferences. Resources Github: https://github.com/idrees535/Intelligent-Liquidity-Provisioning-Framework-V1 References https://kth.diva-portal.org/smash/get/diva2:1695877/FULLTEXT01.pdf https://arxiv.org/pdf/2305.15821.pdf https://github.com/KodAgge/Reinforcement-Learning-for-Market-Making/tree/main https://arxiv.org/ftp/arxiv/papers/2211/2211.01346.pdf https://arxiv.org/pdf/2004.06985.pdf https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=9682687 https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0277042 https://deliverypdf.ssrn.com/delivery.php?ID=104119098102026014120072084014107007042068069003049020126088025087121115103007084028042013055035009000054122074096068089064070102052026003014069082076098016080066026088066039027093020006122067093104092065070020126069068106118079127088008098077106031120&EXT=pdf&INDEX=TRUE https://medium.com/blockapex/market-making-mechanics-and-strategies-4daf2122121c https://www.gauntlet.xyz/resources/uniswap-user-cohort-analysis https://gov.uniswap.org/t/uniswap-incentive-design-analysis/21662 https://arxiv.org/pdf/2108.07806.pdf https://www.researchgate.net/publication/341848292_Market_makers_activity_behavioural_and_agent_based_approach https://fruct.org/publications/volume-29/fruct29/files/Struc.pdf https://www.arxiv-vanity.com/papers/1911.03380/ https://insights.glassnode.com/the-week-onchain-week-31-2023/ Also published . here

A Detailed Framework for Intelligent Liquidity Provisioning in Uniswap V3 

Uniswap V3-এ বুদ্ধিমান তারল্য বিধানের জন্য একটি বিস্তারিত কাঠামো

Ein detailliertes Framework für die intelligente Liquiditätsbereitstellung in Uniswap V3

Un marco detallado para el aprovisionamiento inteligente de liquidez en Uniswap V3

Un cadre détaillé pour l'approvisionnement intelligent en liquidités dans Uniswap V3

Uniswap V3 में बुद्धिमान तरलता प्रावधान के लिए एक विस्तृत रूपरेखा

Uniswap V3 におけるインテリジェントな流動性プロビジョニングの詳細なフレームワーク

Uniswap V3의 지능형 유동성 프로비저닝을 위한 세부 프레임워크

Uma estrutura detalhada para provisionamento inteligente de liquidez no Uniswap V3

Подробная структура интеллектуального предоставления ликвидности в Uniswap V3

Uniswap V3'te Akıllı Likidite Tedariği için Ayrıntılı Bir Çerçeve

Khung chi tiết để cung cấp thanh khoản thông minh trong Uniswap V3

Uniswap V3 智能流动性配置的详细框架

The recent geopolitical tensions stemming from the Hamas attack on Israel triggered a notable downturn in global markets over the weekend. Nonetheless, despite these persistent high tensions, U.S. stocks have impressively managed to rebound, with the three major indices, S&P 500, Dow Jones, and Nasdaq Composite all posting modest gains since the week's outset. To add to it, September’s Producer Price Index (PPI) a 0.5% increase, surpassing the expected 0.3%. Remarkably, the markets appear to have largely shrugged off this increase, with the S&P posting an impressive 2.48% gain over the past five days. reported No Crypto Party Just Yet But while this resilience offers a brief respite for the equities market, it doesn't necessarily indicate that risk-on assets like will rally significantly anytime soon. crypto The crypto markets continue to chop around with no clear direction while hopeful investors jump to the next big thing, only for it to decline again once they start to take profit. The root cause? There are very limited capital inflows to the crypto economy, and as a result, most of the moves are more probable to be internal rotations rather than caused by inflow. For now, exercising caution for anything crypto remains the course of action I can prescribe. I’m not a big believer that the ongoing geopolitical uncertainty and the contrasting economic data will necessarily provide any big blowbacks to crypto in the near future. I continue to believe that the cycle bottom has probably been set for BTC, and for every week passing without a new low, that notion is strengthened. Bitcoin's Battle to Maintain Support Levels Bitcoin is currently struggling to hold above the $27,000 level; the price of one BTC is down 3.1% over the past week, currently trading at $26,700. However, amid the reduced market activity, it is interesting to observe is that long-term investors are aggressively stacking sats, with the latest data from Glassnode that HODLers currently hold over 76% of the circulating BTC supply. revealing Even more intriguing is the rate at which this group of BTC investors is accumulating 50,000 BTC per month, which translates to around $1.35 billion as per the current prices. Notably, the increasing interest in stacking BTC is not confined to the crypto community. Hedge fund tycoon Paul Tudor Jones earlier this week that, in light of mounting geopolitical risks and the increasing levels of U.S. government debt, Bitcoin and Gold are emerging as attractive options. expressed Noteworthy Mentions Crypto Taxation Landscape: A Global Perspective Crypto tax policies are dynamic across the world. In our latest article, we highlight some of the advanced crypto tax jurisdictions and tax haven countries’ frameworks. This is a living article that will evolve over time, and the information found is with a high abstraction level. Read full article . here Industry Shakers JPMorgan debuts tokenization platform JPMorgan has officially launched its in-house blockchain-based tokenization app, the Tokenized Collateral Network (TCN), and executed its inaugural trade with asset management giant BlackRock. At the core, TCN allows investors to use assets as collateral by transferring ownership through blockchain, simplifying collateral transactions. It is also worth noting that the tokenization of (RWAs) is currently getting a lot of traction both in crypto and traditional finance. Real World Assets Zimbabwe turns gold-backed digital token into payment method The Reserve Bank of Zimbabwe (RBZ) has unveiled Zimbabwe Gold (ZiG), a gold-backed digital payment token. This project was initiated in April 2023, with each digital token being backed by a specific quantity of gold stored in the bank's reserves. The new ZiG token is set to encourage local investors to invest in national assets rather than US dollars, a big hurdle in a country grappling with triple-digit inflation. FCA issues warning to unregistered crypto firms The Financial Conduct Authority (FCA) in the United Kingdom issued a warning this week to 146 cryptocurrency companies, enforcing the new promotional regulations mandating registration with the FCA. This move, marking the first warning under the updated rules, is part of the FCA's ongoing efforts to combat illicit financial promotions aimed at UK consumers. Alongside the warning, the FCA published a list of non-compliant entities, including KuCoin and Huobi, among others. Also published . here

The Market Remains Resilient Amidst Geopolitical Tensions

The growth of Bitcoin NFTs, also known as Ordinals or Inscriptions, took off in January with great excitement. This development represents a revolutionary new concept in the evolution of digital art and collectibles, and the numbers tell the story. Since December 14, 2022, the number of Ordinals has grown from one to 10 million. Bitcoin Ordinals and Inscriptions are having a major impact on the future of Bitcoin collectibles. The impact of this global technology shift may change the perception of Bitcoin, NFTs, and other altcoins like Ethereum. Inscriptions and Ordinals add huge value to the Bitcoin blockchain and create game-changing opportunities for NFT creators, collectors, and investors. This is big because some people think Bitcoin and NFTs aren't useful or just a fad. You've probably heard some version of "NFTs are just overpriced JPEGS bought with magic internet money." But what if Bitcoin provides the value and base utility to move the world forward? I’ll talk more about this later. What are Bitcoin Ordinals? Bitcoin Ordinals are digital carvings embedded on the . Each of the Inscriptions engraved on-chain can then be linked to an . This provides a way of assigning unique identifiers to satoshis, the smallest unit of a Bitcoin. Bitcoin blockchain Ordinal A single, unique satoshi (sat) represents 1/100,000,000 of a whole Bitcoin. Inscriptions are a way of adding metadata to satoshis. This metadata can include anything from text to images, and it can be used to store information about the satoshi or its owner. This allows satoshis to be used as digital collectibles, with each satoshi having its own unique value. Let's look at why this matters for creators and collectors. Why are Bitcoin Ordinals important? The introduction of Bitcoin Ordinals is a significant development for artists and collectors. For the first time, digital artists can create and promote their work on the world's oldest and most secure distributed ledger. Collectors can browse and buy digital assets with greater security. Furthermore, there are no middlemen or third parties necessary to do the deal. New use cases spark interest and increase adoption. The NFT market has expanded 10-fold since 2021, and adding the ability to store NFTs on the most dominant blockchain in the world is a game-changer. Experts predict the surge in demand for Bitcoin Ordinals isn't just a temporary trend and it will continue to grow in the future. A recent report by noted that the Bitcoin NFT ecosystem could become a $4.5 billion market by 2025. The authors predict that a complete range of products and services targeting this expanding market will be available this summer. Galaxy Research “In just two months, wallets have already begun to offer the necessary support to improve user experience and marketplaces are already emerging.” Text-based inscriptions, now popularized , have been the main cause of the massive uptick in Ordinals inscriptions on the Bitcoin blockchain. As highlighted by Glassnode co-founder and chief technology officer Rafael Schultze-Kraft on Twitter, text-based inscriptions are now the most popular form of Ordinals inscription, with more than 2.8 million text-based inscriptions as of May 5. as the BRC-20 token standard https://twitter.com/n3ocortex/status/1654146523330953216?ref_src=twsrc^tfw&embedable=true Real examples of Bitcoin Ordinals A "smart contract" is a bit of code that operates automatically when certain pre-programmed conditions are met. Bitcoin doesn't have the robust strength of Ethereum in this area. However, for Ordinals makes it possible to trade Bitcoin NFT collections without resorting to over-the-counter (OTC) methods. This is because all relevant NFT information can be exchanged through Magic Eden's platform. In addition, Ordinals can be used for a wide variety of on-chain activities, including profile pictures, video-based apps, games, and more. Magic Eden's marketplace is one of the most traded Ordinals. There are 535 BTC DeGods in the collection on the . Currently, the floor price, the lowest cost for any of them is 1.5 BTC, or about $30,291. DeGods NFT Magic Eden marketplace , the $4 billion company behind the popular NFT collection Bored Ape Yacht Club, is also getting in on Bitcoin NFTs. Their debut collection, TwelveFold, which includes 300 limited-edition pieces, sold out in a 24-hour auction. The launch raised $16.49 million worth of BTC. Yuga Bitcoin base value and utility Bitcoin enjoys the highest market capitalization of all cryptocurrencies at around $588 billion, representing a Bitcoin dominance of 48.15% as of writing. The global cryptocurrency market cap is $1.22 trillion.  Since Inscription volume accelerated in mid-January 2023, the broader The controversy centers around important utility and value questions. Bitcoin community has engaged in heated debate about its impact. Some believe Bitcoin was intended to be strictly a P2P electronic cash system, not a platform for decentralized file storage, including NFTs. These Bitcoin advocates criticize this method of “inscribing” assets on the network for being inefficient and wasteful, especially when it comes to block space and transaction fees. This camp believes this will potentially weaken the inherent security and utility of the Bitcoin blockchain. Some developers are exploring the use of smart contracts to mint assets and NFTs on Bitcoin. However, advocates for Inscriptions argue they are creating positive sentiment and increasing the value of Bitcoin. As more NFTs are minted on-chain, the miners who validate Bitcoin transactions earn more money. The primary goal needs to be increased adoption and expansion into the mainstream. One thing is certain. Ordinals bring a fundamental shift to the Bitcoin ecosystem. But you may still wonder how Bitcoin can move the world forward. Consider this. Impact of the global banking crisis We can't talk about Bitcoin without talking about disrupting traditional banking. The recent failures of several large banks raised red flags across the entire financial system. We know it was the global financial collapse of 2008 that led to the birth of Bitcoin. The current uncertainty has again increased curiosity in alternative currencies. Why not "be your own bank?" While some see Bitcoin as a viable solution to traditional banking problems, others remain skeptical. However, it's clear that Bitcoin has a number of advantages that make it an attractive option for those looking to find a more stable, secure way to manage their finances. Bitcoin is decentralized. It operates outside the control of any central government or financial institution. It is less susceptible to fraud and manipulation. And Bitcoin offers faster transactions, as well as lower fees compared to traditional banks. Regardless, potential investors need to do their own research, especially since there are concerns about Bitcoin's price volatility. In addition, the crypto industry has experienced high-profile scams and hacks, and calls for more regulation are getting louder every day. Do you see where this is heading? Get ready for exciting times. In closing Overall, the impact of Bitcoin Ordinals and Inscriptions on the future of Bitcoin collectibles is still unclear. However, these new technologies have the potential to revolutionize the way that Bitcoin is used to store and collect digital assets. We can see the introduction of Bitcoin Ordinals changes how we perceive Bitcoin. They open new investment opportunities while allowing people to trade digital assets more securely and transparently than ever before. Looking ahead, the groundbreaking utility of NFTs can increase exposure for Bitcoin, Ethereum, and other altcoins. The Bitcoin Ordinals ecosystem is ready to lead the charge in propelling the blockchain-based art and collectibles sector forward. The journey has only just begun, and we can’t wait to see what inspiring, imaginative creations emerge from this transformative technology. If you want to learn more about Bitcoin Ordinals but want a little help, feel free to reach out.

Bitcoin Ordinals and Inscriptions: the Future of Bitcoin Collectibles

Global markets have experienced mixed reactions over the past week, likely fueled by the uncertainty surrounding the resolution of the US government's  $31.4 trillion debt ceiling dilemma. As we highlighted in our week's newsletter, the US Treasury is confronting the imminent threat of a debt crisis, which could result in an inability to fulfill its financial obligations as early as June. previous Fortunately, it appears the legislators are now to reach a consensus. inclined While this news, coupled with a decelerating rate of inflation, has instilled some optimism in the market, certain analysts that the possibility of a mild recession still looms. caution Whole Bitcoiners Eclipse 1 Million At this stage, the market sentiment is starting to feel indifferent, and all the communities I am participating in, where I discuss with other traders, currently have drastically low activity. What this is a sign of, I will let you be the judge of, but to me, it feels like the quiet before a volatile move. The HODL Army Increases Despite the low activity in the market, recent data from reveals that the number of Bitcoin addresses holding 1 BTC or more has now surpassed 1 million, a significant milestone for this pioneer crypto asset. Glassnode The spike in number of “wholecoiners” is occurring at a time when the crypto market has plummeted by over 65% from its all-time high. A great indicator that there is still long-term conviction to be found in the markets even if there is blood in the streets. Noteworthy Mentions Real-world assets (RWAs): The Holy Grail of DeFi We recently published an extensive piece delving into this emerging crypto asset class and its potential to bridge traditional assets with on-chain economies. RWAs offer a unique and compelling value proposition through asset tokenization. For more insights, here is the link to the full . article Industry Shakers Tether to invest up to 15% of its profits in Bitcoin Tether, the stablecoin issuer, has announced a new investment strategy focused on Bitcoin (BTC). Starting this month, Tether will regularly purchase BTC using a portion of its profits, allocating up to 15% of realized investment profits. This move follows Tether's recent disclosure of holding $1.5 billion worth of BTC and $3.4 billion of gold among its reserve assets, backing its flagship stablecoin USDT and other stablecoins. Bakkt delists popular DeFi tokens Bakkt, the digital asset firm owned by Intercontinental Exchange, has recently removed 25 out of the 36 crypto tokens that were originally listed on its recently acquired trading platform, Apex Crypto. According to a spokesperson for Bakkt, the decision was made as part of their routine coin listing review process. Notably, the majority of the delisted tokens are associated with prominent decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, including AAVE, Uniswap (UNI), Compound (COMP), and LINK. Apple allows Axie Infinity on the App Store Sky Mavis, the creator of the widely acclaimed blockchain-based video game Axie Infinity, has recently made an exciting announcement. The game is now officially accessible for download on the Apple App Store. Users in various countries, such as Argentina, Peru, Colombia, Venezuela, Mexico, Indonesia, Vietnam, and Malaysia, will be able to enjoy this captivating gaming experience on their Apple devices. Also published here

The U.S. Debt Ceiling Dilemma: How It's Affecting the Markets

Information is the foundation of good decision-making. Cryptocurrency innovates at the speed of light. New protocols are constantly coming to market, promising to solve some of mankind's greatest financial troubles. While their intentions might be good, the result is a cluttered, noisy environment that promotes FOMO & makes it nearly impossible to make sound decisions. In order to succeed in the wild, volatile, & often opaque world of cryptocurrency it is necessary to quiet the noise & hone in on real signals. The best way to do that is by building out your own Crypto ToolKit. Quick Notes on building a Crypto ToolKit: -) Do not use every single tool (unless you’re a crypto savant) -) Review each resource/tool individually (5–10 min per resource) -) Select only the ones that appeal most to your specific preferences As you might already be aware, the crypto-verse is highly fragmented in the sense that there are many different chains & protocols. Given that not all chains & protocols are interoperable (yet), all of the tools listed provided below are will be as general & multi-purpose as possible. Without further ado, Let's dive in: 📊 Market Data 📊 The starting point of almost every person’s crypto journey, Market Data providers are listing sites that aggregate all open financial digital asset data. All of the fundamental economic elements, Price, Volume, Circulating supply, Orderbooks, market dominance, historic data, & everything else. 1) Token Terminal - https://tokenterminal.com/ 2) Messari - https://messari.io/ 3) Crypto Slate - https://cryptoslate.com/coins/ 4) CoinGlass - https://www.coinglass.com/ Coin Market Cap -** 5) https://coinmarketcap.com/ - 6) Coin Gecko https://www.coingecko.com/ 7) Coin Metrics - https://coinmetrics.io/ 8) Coinlib - https://coinlib.io/ 9) Crypto Compare - https://www.cryptocompare.com/ 10) CoinCap - https://coincap.io/ - 11) CoinRanking https://coinranking.com/ 12) Coin360 — https://coin360.com/ — 13) Bitgur https://bitgur.com/ — 14) Nomics https://nomics.com/ - 15) CryptoWatch https://cryptowat.ch/ 16) BraveNewCoin — https://bravenewcoin.com/ 17) LiveCoinWatch — https://www.livecoinwatch.com/ 18) MultiCoinCharts - https://www.multicoincharts.com/home/ 19) Nansen - https://www.nansen.ai/ 20) CoinPaprika - https://coinpaprika.com/ 21) CoinAlpha - https://coinalpha.app/ 22) CoinScope - https://www.coinscope.co/ 23) DropsTabs - https://dropstab.com/ 24) CryptoView - https://www.cryptoview.com/ 25) CoinCarp - https://www.coincarp.com/ 26) Mytokencap - https://www.mytokencap.com/ 27) CoinCodex — https://coincodex.com/ — 28) CoinLobster https://coinlobster.com/ 💱 DEFI Dashboard & Aggregators💱 Decentralized finance is an incredibly broad term that includes a wide range of applications that vary based on functionality & intended purpose. While the majority of current DEFI activity happens across 4 blockchains (Ethereum, Binance Smart Chain, Polygon & Solana) there are so many up & coming alternative platforms such as Optimism & Arbitrum that have been garnering attention that for the sake of brevity I will only list the few products that I am personally familiar with. 1) Dapp Radar — https://dappradar.com/defi 2) DEFI Llama — https://defillama.com/ 3) DEFI Prime — https://defiprime.com/ 4) DEFI Pulse — https://www.defipulse.com/ 5) YieldWatch - https://www.yieldwatch.net/ 6) ZapperFI - https://zapper.xyz/ 7) Zerion - https://zerion.io/ 8) InstaDapp - https://instadapp.io/ 9) Frontier - https://www.frontier.xyz/ 10) Apebored - https://apeboard.finance/ 11) Debank - https://debank.com/ - 12) APYvision https://app.apy.vision/ - 13) Plasma Finance https://plasma.finance/ - 14) Farm Army https://farm.army/ - 15) DEFISaver https://defisaver.com/ - 16) Gnosis Safe https://gnosis-safe.io/ - 17) DefiYield https://defiyield.app/ 18) Coin98 - https://coin98.com/ 19) AstroTools - https://astrotools.io/ 20) MultiFarm - https://www.multifarm.fi/ 21) OctoFi - https://octo.fi/ 22) Parallel - https://parallel.fi/ 23) Exponential - https://exponential.fi/ 24) WalletDefi - https://walletdefi.app/ 25) DEFImarketCap - https://defimarketcap.io/ 26) QuantifyCrypto - https://quantifycrypto.com/ 📰 News 📰 Crypto is becoming all the more politicized as time goes on. An absurd amount of crypto/DEFI news sites pop up constantly & push their own agendas. The best way to source news (in any industry) is by having a few reliable individual outlets & cross-referencing information across them all. 1) CoinDesk - https://www.coindesk.com/ 2) Coin Telegraph - https://cointelegraph.com/ 3) Bitcoin Magazine - https://bitcoinmagazine.com/ 4) The Cryptonomist - https://en.cryptonomist.ch/ 5) Be In Crypto - https://beincrypto.com/ 6) CoinGape - https://coingape.com/ 7) CryptoSlate - https://cryptoslate.com/ 8) Crypto Briefing - https://cryptobriefing.com/ 9) CryptoDaily - https://cryptodaily.co.uk/ 10) Crypto Potato - https://cryptopotato.com/ 11) BraveNewCoin - https://bravenewcoin.com/ 12) Coin Journal - https://coinjournal.net/ 13) Coin Speaker - https://www.coinspeaker.com/ 14) CoinCu - https://news.coincu.com/ 15) Bitcoinist - https://bitcoinist.com/ 16) CryptoPanic - https://cryptopanic.com/ 17) Crypto News - https://cryptonews.com/ 18) U Today - https://u.today/ 19) CoinGraph - https://www.coingraph.news/ - 20) Decrypt https://decrypt.co/ - 21) Blockworks https://blockworks.co/ - 22) CryptoCapitalNews https://cryptocapitalnews.com/ — 23) Protos https://protos.com/ 👛 Wallets 👛 Wallets are the foundation for getting involved & staying in crypto. Wallets are exactly what they sound like, places to securely store/view your crypto asset holdings. Wallets typically come in 2 flavors, Chain-specific & Chain-agnostic. Chain-specific wallets are tied to a single blockchain platform (i.e ETH/BNB). These will only be able to store their native chain tokens, but allow the users to interact with on-chain assets/applications. Whereas chain-agnostic wallets might allow their users to store crypto assets from any blockchain, but that is the limit of their capabilities as they are usually single-purpose only (storage) 1) MetaMask - https://metamask.io/ 2) MEW - https://www.myetherwallet.com/ 3) Dynamic - https://www.dynamic.xyz/ 4) XDEFI - https://www.xdefi.io/ 5) Enkryptic - https://www.enkrypt.com/ 6) Argent - https://www.argent.xyz/ 7) Dopamine - https://dopamineapp.com/ 8) TrustWallet - https://trustwallet.com/ 9) Eidoo - https://eidoo.app/ 10) Dapppocket - https://www.dapppocket.io/ 11) Atomic Wallet - https://atomicwallet.io/ 12) Bread Wallet - https://brd.com/ 13) Guarda - https://guarda.com/ 14) Exodus - https://www.exodus.com/ 15) ZenGo - https://zengo.com/ 16) Coinomi - https://www.coinomi.com/en/ 17) Luno - https://www.luno.com/en-US 18) Ambire - https://www.ambire.com/ 19) Jaxx - https://jaxx.io/ 20) Edge - https://edge.app/ 21) Freewallet - https://freewallet.org/ 22) Coinbase Wallet - https://www.coinbase.com/wallet 23) Coin Wallet - https://coin.space/ 24) Ballet Wallet - https://www.ballet.com/coins/ 25) Unstoppable - https://unstoppable.money/ 26) Brave Wallet - https://brave.com/wallet/ 27) BitPay - https://bitpay.com/wallet/ 28) Crypto.com - https://crypto.com/us/defi-wallet 🔎 Explorers 🔍 Explorers are software tools that allow users to inspect the activity that has happened/is happening on-chain. Explorers are typically built-to-blockchain, meaning every chain needs its own explorer. Given the girth of data these tools access, explorers tend to be multi-purpose tools (i.e. data providers/ analytics dashboards/compliance). 1) Ethscan - https://etherscan.io/ 2) Bitquery - https://explorer.bitquery.io/ 3) Blockchair - https://blockchair.com/ 4) Tokenview - https://tokenview.io/ 5) Blockcypher - https://www.blockcypher.com/ 6) GetBlock - https://getblock.io/explorers/ 7) ViewBlock - https://viewblock.io/ - 8) BreadCrumbs https://www.breadcrumbs.app/ 9) Beaconchain - https://beaconcha.in/ 10) Blockstream - https://blockstream.info/ 11) Ethplorer - https://ethplorer.io/ 12) OXT - https://oxt.me/ 13) Xscan - https://xscan.io/ 14) Sochain - https://sochain.com/ 15) OkLink - https://www.oklink.com/en 16) Pingpub - https://ping.pub/ ⛓ On-Chain Data ⛓ On-chain data tools are closely related to explorers in the sense that they allow users to inspect the activity that has happened / is happening on-chain. The main difference between the On-chain Data tools & Explorers is the UI & granularity of data they provide.*The main difference between On-Chain data providers & traditional market data is the absence of information that is external to any blockchain. 1) Glassnode - https://glassnode.com/ 2) Dune Analytics - https://dune.com/home 3) IntoTheBlock - https://www.intotheblock.com/ - 4) Mempool https://mempool.space/ 5) Artemis - https://www.artemis.xyz/ - 6) Parsiq https://www.parsiq.net/ 🌉 Bridges 🌉 Within the context of cryptocurrency, a bridge is a software tool or protocol that allows otherwise non-compatible blockchains a method to transfer digital assets between one another. 1) MultiChain - https://multichain.org/ 2) CrossChain Bridge - https://www.crosschainbridge.org/ 3) Celer C Bridge - https://cbridge.celer.network/1/56/USDC 4) Synapse - https://synapseprotocol.com/ 5) Connext - https://bridge.connext.network/USDC-from-ethereum-to-binance 6) Relay - https://www.relaychain.com/ 7) Symbiosis - https://symbiosis.finance/ 8) Umbria - https://umbria.network/ 9) EverBridge - https://www.everrise.com/everbridge/ 10) Bungee - https://www.bungee.exchange/ 11) Portal Bridge - https://www.portalbridge.com/#/transfer 12) Nomad - https://www.nomad.xyz/ 13) Hop - https://hop.exchange/ 14) PolyBridge - https://bridge.poly.network/ 15) SolarBeam - https://app.solarbeam.io/bridge 16) Orbitchain - https://orbitchain.io/about 💹 DEXes 💹 Decentralized Exchanges are the new financial trading paradigm. Generally free from traditional regulatory scrutiny, DEXs are places to buy, sell, swap & provide liquidity for crypto assets. 1) UniSwap - https://uniswap.org/ 2) 1inch - https://app.1inch.io/ 3) DexTools - https://www.dextools.io/app/en 4) DexGuru - https://dex.guru/ 5) GeckoTerminal - https://www.geckoterminal.com/ 6) PancakeSwap - https://pancakeswap.finance/ 7) TraderJoe - https://traderjoexyz.com/avalanche 8) Arken - https://swap.arken.finance/ 9) Flooz - https://flooz.trade/trade 10) Balancer - https://balancer.fi/ 11) Bancor - https://home.bancor.network/ 12) Airswap - https://www.airswap.io/#/ - 13) Sushiswap https://www.sushi.com/ 14) Paraswap - https://www.paraswap.io/ 15) Jupiter - https://jup.ag/ 16) ThorChain - https://thorchain.org/ 17) WooFi - https://fi.woo.org/ 18) DYDX - https://trade.dydx.exchange/ - 19) Slingshot https://app.slingshot.finance/swap/ETH 20) Apex Exchange - https://www.apex.exchange/ 21) Osmosis - https://app.osmosis.zone/ 22) Curve - https://curve.fi/#/ethereum/swap 23) Tokenlon - https://tokenlon.im/instant 24) Swapz — https://www.swapz.app/ 📅 Calendars & Event Schedules 📅 Keeping up with the Kardashians is much easier than keeping up with your favorite crypto protocol; the question then becomes HOW do you plan to manage the onslaught on events? While there is no easy answer, using a Crypto Calander will definitely help: 1) CoinMarketCal - https://coinmarketcal.com/en/ 2) CoinDar - https://coindar.org/ 3) CoinsCalendar - https://coinscalendar.com/ 4) CryptoTotem - https://cryptototem.com/ico-calendar/ 5) CoinCarp events - https://www.coincarp.com/events/ 6) VestLabs - https://vestlab.io/calendar 🪂 Airdrops 🪂 The most popular tool for distribution in the entire industry, airdrops are incentives that are offered/provided at the earlier stages of a project’s development to help bootstrap it’s alpha community members. 1) Earnifi - https://earni.fi/ 2) airdropsio - https://airdrops.io/ 3) AirDropAlert - https://airdropalert.com/ 4) AirdropsLive - https://airdrops.live/ 5) AirdropBob - https://www.airdropbob.com/ 6) AirDropAddict - https://airdropaddict.com/ 7) CoinAirDrops - https://coinairdrops.com/ 8) ICOdrops - https://icodrops.com/ 💸 Grants 💸 Grants are a necessary component to helping startups & innovators get their ideas off the ground. In the world of crypto & blockchain grants are usually offered & deployed on a chain/case-specific basis. In order to be properly up to date on grant opportunities it is best to be actively involved in individual projects and/or blockchains. 1) Blockchain Grants - https://www.blockchaingrants.org/ 2) GitCoin - https://gitcoin.co/grants/ 3) Consensys - https://consensys.net/grants/ — 4) Concoridum https://concordium.com/grants/ 5) Web3 grants - https://web3grants.net/ 6) Web3Foundation - https://web3.foundation/grants/ 7) Ramp Rate - https://ramprate.com/blockchain-grant-opportunities/ - 8) Unigrants https://www.unigrants.org/ 9) Aave grants - https://aavegrants.org/ 10) Near grants - https://near.org/ecosystem/get-funding/ 11) Eth Foundation - https://esp.ethereum.foundation/ 12) Zcash grants - https://grants.zfnd.org/ 13) Alchemy Dev grants - https://www.alchemy.com/developer-grant-program — 14) dydx grants https://www.dydxgrants.com/ 15) Solana grants — https://solana.org/grants 16) Gate grants - https://www.gate.io/grants 17) Cryptoneur - https://www.cryptoneur.xyz/en/web3-grants 🛡 Audits 🛡 Audits are used to assess the quality/security of a protocol. When considering a protocol to use, it is nearly impossible to understand all of the associated risk factors, even for professionals. It is crucial that every serious project employs some form of audit for every individual piece of software. 1) Certik - https://www.certik.com/ 2) Consensys Dilligence - https://consensys.net/diligence/ 3) Hacken - https://hacken.io/services/smart-contract-security-audit/ 4) Open Zepplin - https://www.openzeppelin.com/security-audits 5) Trail of Bits - https://www.trailofbits.com/ 6) Slowmist - https://www.slowmist.com/ 7) Solidified - https://solidified.io/ 8) Chain Security - https://chainsecurity.com/smart-contract-audit-reports/ 9) PeckShield - https://peckshield.com/#home 10) Halborn - https://halborn.com/ 11) Quantstamp - https://quantstamp.com/ 12) Solidity Finance - https://solidity.finance/ - 13) Immune Bytes https://www.immunebytes.com/ 14) NumenCyber - https://www.numencyber.com/ 🌊😎 Cool & Honorable Mentions 😎🌊 There are always exotic instruments & services being built to help make sense of the wild world of crypto; some of these are difficult to classify but still deserve attention for serving their own unique & useful purpose(s). 1) Fiat Leak - https://fiatleak.com/ 2) Everest - https://everest.link/ 3) Revoke.cash - https://revoke.cash/ 4) CryptoQuant - https://cryptoquant.com/asset/btc/summary - 5) CryptoFees https://cryptofees.info/ - 6) Hashrate Index https://data.hashrateindex.com/asic-index-data — 7) LunarCrush https://lunarcrush.com/home — 8) Santiment https://santiment.net/ 9) Gas Fee Calculator - https://www.cryptoneur.xyz/en/gas-fees-calculator This list is by no means exhaustive, there are thousands of other tools/resources out there. Odds are, you do not even need 1/10 of those on this list; so my recommendation is don’t waste time wishing for better tools — learn how to masterfully use a few key ones provided above. If you went through the entire list, you might have noticed that there are no CEFI (centralized financial) tools on this list. This was done on purpose, given the madness that transpired with centralized exchanges/service providers throughout 2022. If you would like me to add any specific resource that might be beneficial to others, just drop a comment below or send me a DM on Twitter. Otherwise; I hope you find these tools helpful in building your knowledge & financial freedom. Thank you so much for reading! 🥂🚀 See you in the next Bull Market 🚀🥂 Also published here.

200+ Essential Crypto & DEFI Tools for 2023

Caption: The chart above shows the growth of “shrimp” or addresses with less than one BTC (orange line) and activity (red) of people holding less than one BTC over time relative to the price of BTC (black). Source: Glassnode During the last down-cycle of the crypto markets — before the pandemic bubble and the laser eye frenzy of the last bull run — one bright spot was the promise that institutional money was on the way. This was in 2018, and following the massive crypto bull run of 2017, which is now considered one of bitcoin/crypto’s mainstream moments. Before, the crypto markets were viewed as fringey. Afterward, because the collective cryptocurrency market cap hit $760 billion at its peak in 2017, people found it hard to look away. The promise of big money (like hedge funds, corporate investors, and pension funds) is that investors with deep pockets could provide ballast during times of market volatility. And that overall market liquidity will lead to greater price stability and tame the fierce-swing market pendulum. After crypto’s moment in the sun in late 2017 and early 2018 and then during the subsequent market drawdown, people had a lot of questions and a lot of ideas about what the future of crypto would look like. This is not unlike what is happening now. After another dramatic crypto market run of 2021, followed by a wicked pullback, many are wondering what comes next. But back in the post-2018 days, before the high profile scams and drama ( , but they were a little bit more obvious than the Luna/3AC/FTX kind because they came in the form of empty initial coin offerings (ICOs) and weakly disguised pump and dump schemes), the promise of institutional investment — and the suits and ties that came along with it — was talked about as if it was a point of hope out on the horizon. the 2017 run had its own share of scams From a market perspective, the logic of giddily waiting for billions of investment capital to enter the market — and along with it, a leveling up of the overall professionalism and investing infrastructure made sense — and it still does. SOURCE To be clear, the arrival of institutional money — and all that that means — will be a positive thing, and a necessary thing for crypto. But, it’s also really important that we don’t lose track of one of the main reasons why crypto should exist — it provides an alternative, or a better way of doing things for regular people — for the shrimp. Why small investors are important to the health of overall crypto markets Access to crypto markets benefits small dollar investors. At the same time, the participation of everyday investors is also beneficial to the overall health, utility, and security of crypto markets. Right now there are plenty of opportunities for institutional investors to make money and an abundance of markets where they can deploy capital. That’s not really the case for everyday investors that don’t have accredited investor status. Sure, regular investors can open a regular brokerage account, but options for getting access to venture capital or private equity funds (or other investment opportunities that might have lower correlation with the broader stock market) are limited. That’s why new crypto products and services like staking or yield farming, or even just buying and holding small amounts of well-established and legitimate cryptocurrencies, like bitcoin and ether, opens new access points to investment opportunities. Eventually — and if access can really be evenly distributed — new financial products based on open systems and transparent accountability (like DeFi) can provide mass opportunity to take a lot of the friction and inefficiencies out of financial products, which create barriers to entry. In regards to the shrimp, more access means being better able to compete with seemingly insatiable bigger fish. Just take a look at today’s stock market in the United States, which is top-heavy with whales and sharks. , the top one percent of wealthiest Americans own 53 percent of the stock market, while the bottom 50 percent own less than 1 percent of the stock market. According to a recent Gallup survey Also according to the Gallup numbers, the overall ownership of stocks by everyday families is in decline — from an average of $50,000 in 2001 to an average of $40,000 today. Another way to think about this decline of ownership is that it now takes more working hours by the average American to buy the S&P 500. SOURCE Crypto and DeFi investors, on the other hand, can get started with a few dollars and build over time. Even with its near-term volatility, bitcoin is still one of the best performing financial assets available — and especially available to everyone. SOURCE Owning the future Still, zooming out, participation of everyday people in crypto markets isn’t just about investment opportunities. Making sure that crypto markets stay accessible to all levels of investment is also about ownership and control. SOURCE One of the biggest risks facing the ideal of a decentralized world, is that it actually won’t be that decentralized at all. If major investors, funds, and organized groups gain enough market share, then they will be able to exert enough influence to control the kinds of decentralized goods and services that are developed in the future. Concerns about big money and super-sized investors degrading the integrity of decentralized protocols and governance are already appearing. The after its switch to proof-of-stake is one example. Another is the recent concerns about the role of venture capital control during decisions about the direction of UniSwap’s decentralized autonomous organization (DAO). few but powerful number of validator nodes maintaining the Ethereum network Having more people, with more dispersed capital and ideas, will ultimately make crypto more secure and resilient. But how do we get there? The answer, hopefully, is to create the conditions where a billion individual investors feel like they have found a cryptocurrency or DeFi solution that works for them — and one that directly addresses their financial needs. Maybe this means products and services that are more customizable and differentiated (something that code-based digital assets should be good at), maybe it means continuing to drive into new markets and find new consumers. Or maybe it just means not viewing big money as a savior for crypto markets. The emergence of cryptocurrencies and decentralized global networks backed by digital assets provides a massive opportunity for a reshuffle of how critical digital infrastructure is owned. In a way, the disruptive power of cryptocurrencies is providing a new market solution to a legacy market problem. The first step needed to achieve the vision of a more evenly distributed and equitable global financial system is to make sure that the shrimp have a place at the table. 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