Entrepreneur, investor, founder of Chrono.tech - the first project that converts man-hours into currency value. Projects: LaborX.io Сhrono.tech TimeX.io You can find out more about me here: Instagram.com/sergeichrono
LaborX has recently integrated with Optimism, and since then, we’ve managed to feature in their weekly updates twice and even interviewed OP Labs’ Talent Lead.
Personally, I see this partnership as a major milestone: partnering with a tier-1 US project that everyone in the crypto space knows is definitely a win!
Setting the stage for even more exciting opportunities and growth in the near future!
🕯 Daily review of the cryptocurrency market
There are no significant changes in the market. BTC is trying to break above $60,700. ETH is trading below $3,400.
🔼 There are few growing assets: KAS +6%, TON +3%.
🔽 There are many more falling assets: CFX -8%, ENS -8%, FET -7%, WLD -7%, AGIX -6%, INJ -6%, JASMY-6%, PEPE -6%, WIF -6%, TAO -5%, VET -5%.
💩 Protect your finances
In the second quarter of this year, the crypto industry suffered losses totaling $572.7 million due to hacker attacks and fraud.
💩 This is nearly as much as was stolen throughout all of 2023.
💩 The majority of thefts occurred on the Ethereum and BNB Chain networks.
💩 Why is the crypto industry vulnerable to hacker attacks and fraud?
It's all due to transaction anonymity, weak regulation, lack of investor education, and the potential for quick enrichment amidst the high volatility of the cryptocurrency market.
💩How to protect yourself?
Make sure to use reliable and verified platforms, master basic security principles like two-factor authentication, and exercise caution when investing.
Also, enhance your knowledge in this field to stay one step ahead of malicious actors!
💩 Weekly Crypto News Recap
It's time to recall the most significant events in the crypto industry this week.
💩 Tether will cease support for EOS and Algorand.
💩 Mt Gox starts BTC and BCH payouts in July.
💩 Solana introduced the Blinks tool.
💩 Blast Foundation launched the BLAST tokenomics, along with an airdrop and the second season of token farming.
💩 Bitstamp will delist the euro-backed stablecoin Tether EURT.
💩 Binance receives full VASP license in Dubai.
💩 VanEck applies to launch an exchange-traded fund based on SOL.
💩 Launch of spot ETFs for ETH may occur on July 4.
💩 FTX denies withdrawals to users whose bank accounts had significantly less money than on the exchange.
🕯 Daily review of the cryptocurrency market
The market is trying to recover. BTC is trading just below $61,600. ETH has risen above $3,400.
🔼 There are many growing assets: AKT +17%, ENS +13%, BOME +13%, CFX +10%, AVAX +10%, DOT +9%.
🔽 There are much fewer falling assets: FET -10%, AGIX -8%, QNT -4%.
💩 Blockchain: The Future or a Utopia?
A few years ago, I would have said without a doubt that it is the future. Today, things are different...
At the dawn of its inception, this technology fully embodied the concept of decentralization and followed Satoshi Nakamoto's principles of decentralization. Back then, it truly seemed that blockchain was the future.
💩 Answering this question now, I can unequivocally say that today and in the future, blockchain is a utopia.
Why?
Even the largest blockchains, such as BTC and ETH, are too concentrated in a few hands:
💩 For BTC, just three major pools (Foundry USA and Antpool) control over 50% of the network's total hash rate.
💩 For ETH, over 40% of the asset is concentrated in the hands of a certain group of validators.
Naturally, with such a distribution, it does not fit the concept of decentralization at all.
💩 New Requirements Come Into Force
Representatives of the cryptocurrency exchange Binance have announced that they will disable copy trading for users in the EU.
💩These measures are related to the enforcement of the MiCA law, which will take effect on June 30.
The exchange urged users to close existing positions by June 27. Otherwise, they will be forcibly closed "at market."
💩 Simultaneously, Bitstamp announced the delisting of the euro stablecoin Tether EURT and other stablecoins that do not comply with the new EU requirements.
🕯 Daily review of the cryptocurrency market
There are no significant changes in the market. BTC rose slightly to $61,600. ETH is trading below $3,400.
🔼 There are several growing assets: NOT +10%, ENS +9%, STX +8%, PEPE +7%, BRETT +6%, MKR +6%.
🔽 There are fewer falling assets: PENDLE -5%, LDO -5%, ZRO -4%, NEAR -4%, AR -4%, SUI -4%, FTM -4%.
💩 Which is more popular: Time Farm or Hamster Combat?
With the launch of our new project, Time Farm, I've been flooded with questions about whether we plan to replicate the success of "Hamster". Let me clarify the situation.
💩 Obviously, with an audience of 150 million users, "Hamster" is the mega-boss of all tap games. At least for now. By the way, the project was launched by a good friend of mine, so I believe in its success.
💩 What’s the difference?
Hamster Combat is a game that will be available in the App Store in the future.
💩 Time Farm is a completely different product. It's part of a larger ecosystem. It's a platform that gives people a real opportunity to earn real, already existing, cryptocurrency, not dubious tokens.
💩 It's important to understand that the community of Time Farm is somewhat different from the audience of "Hamster". We are building a community of people who want to do something and work for crypto, which is what we've been doing for the last 7-8 years.
Therefore, it's not about who is losing to whom. The difference lies not only in the number of users but also in the goals of the projects.
🪙 Tether Discontinues Issuance of USDT on EOS and Algorand Blockchains Due to Low Interest
💵The total supply volume on the two chains is just over $102 million. The exchange will be available for a year. During this time, Tether may change its decision.
🔼Meanwhile, the amount of issued USDT on the TON network has exceeded 580 million tokens.
Old and unnecessary blockchains are fading into the past, replaced by more progressive ones.
🕯 Daily review of the cryptocurrency market
The market went into correction. BTC fell to $62,800. ETH is trading below $3,400.
🔼 There are no growing assets.
🔽 There are many falling assets and the rate drawdown is quite significant: ZRO -14%, WIF -12%, BRETT -11%, FLOKI -11%, ENS -10%, PENDLE -10%, BONK -10%.
🏆 Current Top Assets by Market Capitalization
NVIDIA surprises, recently surpassing Apple and Microsoft.
👍 Less than two weeks ago, NVIDIA overtook Apple and took second place in the list of the most valuable companies by market capitalization. Recently, it surpassed Microsoft, becoming the most valuable public company in the world.
⛏ It's all about mining
At one point, the boom in GPU mining gave a significant boost to NVIDIA's market capitalization on its way to becoming the world's most valuable company.
🌐 After the cryptocurrency Ethereum transitioned to the proof-of-stake algorithm, some miners switched to providing computing resources for AI. By 2023, the hype around ChatGPT and other generative AI products had grown to enormous proportions, causing a surge in orders for NVIDIA chips.
However, the company did not hold the top spot for long. A drop to 4th place followed shortly.
💵 And again, Tether...
Tether seems to have remembered its promise to comply with US sanctions and has frozen several addresses with a total balance of $47 million.
🔽 However, things are not as good for the company as they might seem at first glance. Criticism of the project is growing, and there is a trend of major market participants gradually moving away from USDT.
Tether has not advanced in solving important issues:
🟢 increasing the transparency of reserves;
🟢 conducting a full audit;
🟢 obtaining US and European licenses.
❌ Even basic information about correspondent banks where the reserves are located is still kept strictly confidential.
⛔️ This year, the MiCA bill will come into effect in the EU. To meet the requirements, Binance, OKX, and Uphold have already announced restrictions or a complete refusal to use USDT in Europe.
🔼 This has led to USDC significantly surpassing USDT in transaction volume in 2024.
📷 I've been working under the camera's watchful eye all week
Expect quality content! In today's shoot, I covered many topics that I haven't discussed before...
💰 I shared a bit about my story and current projects. There will be lots of useful information for investors: how to avoid mistakes at the beginning and which coins are best to invest in.
Well, you'll see for yourself. Stay tuned for updates! 🔥
‼️ In Texas, scammers forced a pensioner to send them $40,000 through a crypto ATM.
The White Settlement Police in Texas intercepted a scam where a pensioner was victimized. The perpetrators deceived her into withdrawing $40,000 from her account and transferring it to them via a crypto ATM.
Unfortunately, we increasingly hear about such cryptocurrency-related frauds.
Why is this happening?
🔽 The root cause lies in the low level of financial literacy, a point I never tire of emphasizing. Developing financial literacy is crucial not only for managing personal finances effectively and planning investments, but also for protecting oneself from financial scams and deceit.
⛔️ Just as our generation has begun to recognize scams involving fake "bank employees," new schemes related to blockchain and crypto are emerging rapidly. Stay vigilant!
There's just one thing that bothers me. Why do scammers always target wealthy elderly women? Where do retirees get so much money from? 😅
When you're tired of waiting for changes in the market 😅
Читать полностью…💩 The SEC has sued MetaMask developer ConsenSys
According to the commission, this wallet is an unregistered broker engaged in offering and selling securities.
💩 The SEC's attention was drawn to the collection of over $250 million in fees generated by ConsenSys' activities.
Earlier, ConsenSys had reported the SEC's investigation into Ethereum had been terminated, but here's the twist!
Important point:
💩 However, the SEC does not oppose Ethereum staking. They even promote it. But they advocate for people to do it themselves rather than through various providers.
There's no threat to Ethereum and its staking. But those promoting such services may face tough times.
🕯 Daily review of the cryptocurrency market
The market went into correction again. BTC has dropped to $60,700. ETH is trading below $3,400.
🔼 There are few growing assets: QNT +7%, AR +4%.
🔽 There are many more falling assets: LDO -15%, ENA -8%, STRK -7%, GNO -7%, TAO -6%, NOT -6%, BONK -6%, BOME -6%, UNI -6%, PEPE -5%.
💩What to expect from TimeFarm?
Let me tell you the main thing — this is just the beginning of something great and new...
As you can see, Chrono.tech, LaborX, TimeX, and our other platforms are aimed at mass adoption.
💩 In the future, TimeFarm will feature many more gaming mechanics and mini-tasks, where successful completion will earn you in-game tokens and other rewards.
💩Currently, people earn $SECOND for activities in the app, but in the future, they will be able to earn tokens from various projects, as we plan a huge number of partnerships and collaborations.
Stay tuned for updates! The project roadmap will be published soon, and there's plenty to surprise you!
💩 Coinbase is suing the SEC and the Federal Deposit Insurance Corporation (FDIC)
The reason is the refusal to clarify the situation regarding cryptocurrency sector regulation.
💩 The exchange stated that the regulators did not comply with the requirements of the Freedom of Information Act. Specifically, this concerns past inquiries about Ethereum and the regulator's interpretation of the asset.
Here is a quote from the case:
"For nearly two years, various federal financial regulators, including the Securities and Exchange Commission, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System, have employed the full arsenal of their tools, actively attempting to harm the digital asset industry."
🕯 Daily review of the cryptocurrency market
There are no significant changes in the market. BTC is barely holding on at $61,000. ETH is trading below $3,400.
🔼 There are several growing assets: KAS +12%, MKR +9%, AKT +5%, LDO +4%.
🔽 There are many more falling assets: BRETT -9%, AR -8%, AGIX -6%, BEAM -6%, ENA -6%, FLOKI -4%, WLD -6%.
💩 I often say that cryptocurrency has radically changed my life... why?
💩 Firstly, cryptocurrency has given me the understanding that anything in this world is possible and achievable. The blockchain industry has shaken even such established spheres as traditional finance and banks. This is the brightest proof that nothing is impossible!
💩 The second aspect is people. After immersing myself in the crypto industry, I am constantly amazed at how unique the human brain is and how great its possibilities and potential are. I am truly impressed by the number of talented and intelligent people capable not only of inventing new projects and technologies but also of bringing them to life.
💩 Solana Introduces a New Primitive - Blinks
Now, in absolutely any place where there is an opportunity to share a link on the Internet, it is possible to initiate activity on the Solana network.
💩 The Solana network has introduced "blinks," or "blockchain links." These are links for further dissemination directly to a blockchain transaction, allowing it to be conducted from anywhere.
💩 These can include operations for sending coins, exchanges, payments, crypto donations, voting, and so on.
💩 The idea is that such links are suitable for use on a variety of platforms, including Twitter. And the corresponding operations will be instantaneous.
🕯 Daily review of the cryptocurrency market
Assets on the market are trading in different directions. BTC fell to $61,100. ETH is trading below $3,400.
Yesterday, the team of the bankrupt crypto exchange Mt․Gox announced that the exchange’s clients will begin to return their assets in early July. Of course, the market reacted with a fall, since the exchange must pay out as much as 142,000 BTC and 143,000 BCH.
🔼 BTC was hit the hardest. Some altcoins have already started to recover: FET +20%, AGIX +20%, WIF +17%, LDO +17%, BONK +14%, INJ +13%, TIA +13%, ONDO +13%, AAVE +12%.
🔽 There are fewer falling assets: ORDI -6%, GNO -5%, KCS -3%.
🤖 ChatGPT-4 Passes the Turing Test
Specialists from the University of California asked about 500 participants to interact with both humans and AI models in a blind test. The main task for each participant was to determine whether they were interacting with a human or a computer.
56% of the participants mistakenly identified ChatGPT as a human. According to Vitalik Buterin, OpenAI’s creation has passed the Turing Test:
"The ability of people to determine who is in front of them — a human or a bot — is practically identical to a coin toss! Well, that's not quite true, because people are identified as humans in 66% of cases, and as bots in 54% of cases, but the 12% difference is negligible; in any real-world setting, this is considered a pass."Читать полностью…
💩 Weekly News Review
It's time to recap the most significant events in the crypto industry this week.
➡️ Tether introduced a new class of digital assets — Alloy.
➡️ The founder of Notcoin believes that "tapalki" will not achieve long-term success.
➡️ Binance and other exchanges listed ZKsync (ZK).
➡️ Binance launches an airdrop program for BNB holders.
➡️ The Winklevoss twins promised to donate 15.47 BTC ($1 million) each to Trump's presidential campaign.
➡️ The volume of stablecoin transfers has increased 16 times over the past four years.
➡️ Binance added support for USDT on the TON network.
🕯 Daily review of the cryptocurrency market
The market has perked up. BTC is up slightly to $64,400. ETH is trading just above $3,500.
🔼 There are quite a lot of growing assets: JASMY +13%%, ZRO +10%, KAS +7%, TON +6%, BRETT +6%.
🔽 There are fewer falling assets: FET -6%, AGIX -5%, ONDO -3%.
🕯 Daily review of the cryptocurrency market
The market is sideways. BTC dropped slightly to $64,200. ETH is trading just above $3,500.
🔼 There are not many growing assets: AR +9%%, PENDLE +4%, JASMY +4%, PEPE +3%.
🔽 There are more falling assets: ZRO -18%, ZK -11%, WIF -8%, AAVE -6%, AVAX -6%. RNDR -6%, AR -5%. ICP -5%, BEAM -5%.
🔥 It's finally happened: Binance now supports USDT on the Ton network.
Now we're waiting for the listing of the coin itself.
🕯 Daily review of the cryptocurrency market
The market sank a little. BTC dropped to $64,600. ETH is trading just above $3,500.
🔼 There are not many growing assets: CORE +8%%, LDO +4%, IMX +4%, SUI +4%..
🔽 There are more falling assets: ZRO -16%, JASMY -9%, ZK -7%, AKT -6%, WIF -6%, NOT -6%, FLR -6%. RNDR -6%, AR -5%. ICP -5%, BEAM -5%. BEAM -5%.