🔔 News from the past week


💎 Cryptocurrency

🟢 Fidelity recommended everyone to buy bitcoin for 1-5% of investment portfolio

🟢 BlackRock's Bitcoin ETF balance exceeded $20 billion

🟢 Pavel Durov announced the launch of Telegram Stars digital currency for purchases in mini-applications based on Android and iOS

🟢 Donald Trump called himself a crypto president

🟢 FTX has settled a claim from the US IRS for $24 billion and will only pay $200 million

🟢 Binance has resumed work with Mastercard

🟢 Coinbase introduced a new Smart Wallet crypto wallet

🟢 A registration page for users from China has appeared on Bybit, although the rules of the exchange indicate a ban on their service

🟢 Kraken is attracting investor funds for subsequent IPO


💼 Financial news

🟢 In May, the Central Bank of China did not buy gold in reserves for the first time in the last 18 months

🟢 Nvidia has become top 2 company in the world by capitalization, moving Apple from this place

🟢 OPEC+ extended voluntary reduction in oil production until 2025

🟢 The Central Bank of the Russian Federation maintained the key rate at 16%


🔄 Regulation

🟢 On June 30, Binance will close access to a number of stablecoins in the EU that are not regulated by MiCA

🟢 Gary Genser commented Ethereum ETF: the process of launching trading will take some time and will not be fast

🟢 The Thai regulator has approved the country’s first spot Bitcoin ETF, but only for institutions


⚙️ Technologies

🟢 Apple agreed with OpenAI on ChatGPT integration in iOS

🟢 SpaceX conducted the fourth test launch of the Starship spacecraft: the first stage made a successful landing

🟢 Twitter allowed the publication of porn, subject to the rules of the platform

🟢 Binance admitted the fact that a user lost $1 million due to a vulnerability in a Chrome plugin, but will not compensate anything

🟢 DEX Velocore on the Linea network was hacked for $6.8 million

🟢 Scammers hacked Microsoft India Twitter and sold GameStop cryptocurrency there

🟢 Tether warned about phishing mailings on behalf of the company: hackers hacked one of the email services


#weeklynews

💲Weekly Inflows into Spot Bitcoin ETFs Exceed $1.8 Billion💲

📈During the trading week from June 3 to June 7, spot Bitcoin exchange-traded funds (ETFs) in the United States purchased 25,729 BTC (~$1.8 billion at the average exchange rate), while only 3,150 BTC were mined during the same period. This data is provided by HODL15Capital.

✅The first seven days of summer marked the most active period for ETF purchases since mid-March, when the first cryptocurrency reached its all-time high.

📈Since the launch of exchange-traded funds in the US in January, the net inflow into 11 products has totaled $15.69 billion. This amount also implies an outflow of $17.93 billion from Grayscale's GBTC.


#infopost

❗️Greenpeace Accuses Wall Street of Irresponsible Support for Bitcoin❗️

➡️Greenpeace released a report urging major Wall Street companies supporting Bitcoin to take responsibility for environmental pollution.
➡️The organization accused some financial players of hypocrisy and false "green" initiatives.
➡️Environmentalists compared the mining industry to the tobacco and fuel industries.

📢Wall Street giants like BlackRock and Vanguard contribute to the environmental damage caused by the mining of the first cryptocurrency. This was stated by the American division of Greenpeace.

💎The report "Financing Bitcoin Pollution: How Major Organizations Support a New Climate Threat" states that companies must take responsibility for supporting an industry with high carbon emissions.

🆘According to the authors of the document, major players advocate for Bitcoin mining, creating economic incentives, thus maintaining the environmental threat.


#infopost

🔔 News from the past week


💎 Cryptocurrency

🟢 Former Binance CEO Changpeng Zhao owns 64 % of all BNB ($57 billion)

🟢 Solana developers blocked a group of validators who were engaged in “sandwich -attacks” on network users

🟢 Toncoin bypassed Ethereum in terms of the number of active addresses

🟢 MicroStrategy increased the volume of bond placement for the purchase of BTC from $500 million to $700 million

🟢 Binance launched BNB Incubation Alliance to support Web3

🟢 DEX Uniswap acquired game Crypto: The Game


💼 Financial news

🟢 The Fed kept the rate at 5.25-5.5%, although inflation in May showed a decrease to 3.3%

🟢 Tesla shareholders approved Salary for Elon Musk in the amount $56 billion

🟢 G7 countries approved a $50 billion loan to Ukraine for the outpost of frozen assets of the Russian Federation

🟢 For the first time, China took first place in the world in terms of total car sales 2023, overtaking the USA


🔄 Regulation

🟢 The United States introduced sanctions against the Moscow Exchange. From June 13, the platform stopped (https://www.moex.com/n70156) trading in dollars and euros

🟢 Terraform Labs agreed pay the SEC a fine of $4.5 billion for the LUNA/UST scam and announced closure


⚙️ Technologies

🟢 Nokia CEO held the world's first phone call with 3D sound

🟢 British crypto exchange Lykke was hacked for $22 million

🟢 UwU Lend protocol hacked again for $3.7 million


#weeklynews

🟢June 20 - Kucoin will be listed on LayerZero (ZRO)

🟢The Uphold platform will delist stablecoins #USDT #DAI #FRAX #GUSD #USDP #TUSD on the European market due to MICA regulation

🟢June 30 - new MiCA regulation rules for stablecoins come into force in the European Union. Only “regulated stablecoins” will be allowed to circulate in the EU

🟢Bybit has integrated Apple Pay

🟢The Central Bank of Iran is introducing the digital rial into public circulation from June 21, customers will be able to make purchases and transfer funds by scanning a barcode


#crypto_tweets

What are Schnorr signatures and how are they used in Bitcoin❔

❗️Schnorr signatures are a digital signature scheme proposed in 1991 by the German cryptographer Claus Peter Schnorr.

💰In 2020, it was included in BIP-340 as an alternative to the Elliptic Curve Digital Signature Algorithm (ECDSA). This proposal was implemented in the Bitcoin network in November 2021.

What digital signatures are used in Bitcoin❔

📌Initially, Bitcoin used only ECDSA—a widely applied open-source algorithm in 2008. Satoshi Nakamoto chose this because, by the time the Bitcoin white paper was published, Schnorr signatures had not been standardized.

💎In 2014, the need to introduce Schnorr signatures into the Bitcoin protocol was discussed on the Bitcointalk forum. Six years later, Pieter Wuille, Jonas Nick, and Tim Ruffing standardized them in BIP-340.

What are the advantages of Schnorr signatures over ECDSA❔

➡️Proven Security: Schnorr signatures cannot be forged in a chosen message attack (SUF-CMA) using the random oracle model with a sufficiently hard ECDLP. The security of ECDSA is based on stronger assumptions.
➡️Non-Malleability: Schnorr signatures are provably non-malleable. The malleability of ECDSA means an attacker could create a valid signature for a public key and message without access to the secret key.
➡️Linearity: With Schnorr signatures, multiple interacting parties can create a valid signature for the sum of their public keys.


#Guides

🔔 News from the past week


💎 Cryptocurrency

🟢 MicroStrategy bought 11,931 BTC for $785 million, now their balance is 226,331 BTC

🟢 BlackRock, VanEck, Grayscale and other companies have updated Form S-1 for the spot ETH ETF

🟢 The Notcoin team announced the completion of the hallmark, in total NOT now has 11.5 million holders

🟢 The LayerZero team presented a Proof-of-Donation mechanism: for every 1 ZRO you need to pay $0.1 in USDC, USDT or ETH

🟢 An application for an ETF based on Solana was submitted in Canada

🟢 HODL: BTC reserves on crypto exchanges have reached a 3-year minimum

🟢 Binance added USDT support in the TON network


💼 Financial news

🟢 People's Bank of China retained the main rate on annual loans is 3.45%

🟢 EU ambassadors agreed 14th package of sanctions against the Russian Federation

🟢 Berkshire Hathaway bought shares of the oil company Occidental Petroleum, increasing its share up to 29%

🟢 The Swiss National Bank reduced the rate by 0.25% to 1.25%


🔄 Regulation

🟢 SEC stopped investigation against Ethereum no longer considers it a security

🟢 Fortune: CFTC is investigating the work of market maker Jump Crypto

🟢 European crypto exchanges are starting to remove stablecoins (USDT, DAI, TUSD, etc.) due to the imminent entry into force of MiCA regulation


⚙️ Technologies

🟢 ChatGPT passed the Turing test, successfully impersonating a human

🟢 In China they use AI for the military simulations, AI plays the role of commander of the Chinese army

🟢 Turkish crypto exchange BtcTurk was hacked for $54 million


#weeklynews

What is the FDV metric and how does it affect cryptocurrency prices❔

🎄FDV (Fully Diluted Valuation) is a statistical representation of the maximum value of a cryptocurrency project, assuming all its tokens are already in circulation.

💲In recent years, startups often release a small portion of the coins from their total supply. The limited volume of tokens in circulation makes them scarce, maintaining a relatively high price initially. This can also be supported by bullish market sentiment, hype around the project, and news of significant investments from well-known firms.

How does FDV differ from market capitalization❔

🏆Market capitalization and fully diluted valuation are similar but not identical metrics.

✔️The first metric is the product of the circulating tokens of a project and the coin's price. The rise in the latter directly affects the market capitalization.

❕FDV is the product of the token price and the total supply of coins, including those not yet released to the market. If all project coins are already in circulation, the market capitalization and fully diluted valuation will be equal.

👍Some projects with a small "market cap" may unlock a significant portion of tokens in the near future. In such cases, FDV and emission parameters become key factors in the future price of the asset.


#Guides

🔔 News from the past week


💎 Cryptocurrency

🟢 Tether stopped USDT emission in the EOS and Algorand networks

🟢 Notcoin developers burned $3 million worth of unclaimed NOT tokens

🟢 Mining company Marathon announced the start of Kaspa mining

🟢 The authorities of Kazakhstan approved trading of the Toncoin cryptocurrency on nationally licensed platforms

🟢 Scam exchange Mt Gox will begin refunding customer funds in July

🟢 Bitstamp will remove Tether’s EURT stablecoin due to new EU regulations

🟢 Coinbase filed to court on the SEC for targeted actions to limit cryptocurrencies

🟢 Bybit stated about a thorough check of all users from the Russian Federation so that there is no circumvention of sanctions


💼 Financial news

🟢 FATF excluded Turkey from the “grey list”

🟢 Nvidia CEO sold company shares for $95 million

🟢 iPhone shipments to China increased by 40% after introducing big discounts


🔄 Regulation

🟢 The Turkish Parliament adopted crypto regulation, maximum punishment for breaking the law - 22 years in prison

🟢 It is stated in the 14th package of EU sanctions against the Russian Federation ban on working with any crypto-services associated with the Russian military industry

🟢 The authorities of Uzbekistan do not ban the game Hamster Kombat until it has a token

🟢 A draft law on paying taxes using BTC was introduced to the American Parliament


#weeklynews

👍 Vitalik Buterin criticized the current regulation of digital assets.

🔔 Honest developers have faced significant pressure from regulators and found themselves in an extremely unstable situation.

📌 Regulators pay attention to projects with a clear justification of their economic value, while projects without a clear long-term strategy remain outside their focus.

Buterin called this situation an anarcho-tyranny, as acting honestly becomes risky, attracting less scrupulous projects to the industry.

➡️ Projects with vague promises of income escape the attention of regulators, while transparent and honest projects are immediately classified as securities.

💎 In the end, many projects that show great economic value on paper turn out to be worthless.|


#infopost

What are orders❔

➡️ Placing an order
Trading orders are "instructions" given to the exchange to execute a trade under specific conditions. They help you avoid monitoring the market 24/7, allowing you to pre-select the desired price for an asset and set other conditions as per your trading strategy.

Trading on the exchange is done through special orders or requests that users place in the trading terminal to buy or sell digital assets. Let's consider the most popular types of orders and how to use them.

➡️ Market Order
This type of order to buy or sell an asset is executed immediately at the current market price. All you need to do is specify the quantity of the asset you want to buy or sell.

➡️Limit Order
This type of order allows you to set a price limit at which the trade will only be executed at the specified price or a more favorable one. A limit order helps to avoid "price slippage" in the order book.

➡️Stop-Market Order
This is a conditional order that will only be executed when a certain price is reached. Note that this type of order is suitable if you want to buy an asset at a price higher than the current one or sell an asset at a price lower than the current one.

➡️ Stop-Limit Order
This order has two indicators: "Stop" and "Price." When the market price reaches the specified "Stop" level, the order is placed in the order book but is only executed when the current price reaches the specified "Price" level.
A stop-limit order enters the order book at the necessary moment and is executed faster than a regular limit order.

➡️ OCO Order
OCO stands for One Cancels the Other. This type of order combines limit and stop-limit orders and places two orders simultaneously upon execution. When placing such an order, one volume of assets is reserved. Once one of the two orders is executed, the other is automatically canceled.

#Guides