2 days ago
After weeks of eager anticipation, Lavarage has finally launched its generous rewards program. Offering DeFi traders a more efficient way of navigating onchain markets, Lavarage adds a new dimension to permissionless margin trading by leveraging spot assets, rather than the synthetic perpetual assets used across the Solana ecosystem.
With the launch of Tephra, the protocol’s dynamic points program, Lavarage brings renewed enthusiasm to Solana’s margin markets and re-stokes the flames ahead of a future airdrop.
THE TEPHRA POINTS SYSTEM - MISSION 1 NOW LIVE
Rewarding dedicated traders and community members alike, the Tephra points system aims to provide fair opportunities for all ‘Lavanauts’. By using the Lavarage trading platform and engaging in community-building activities, Lavanauts earn Tephras, which will be directly correlated to an eventual airdrop.
Users earn Tephras every time they execute an action in the Lavarage platform. Whether you’re opening positions, paying interest on borrowed assets, or staking SOL for lstSOL (Lavarage’s native liquidi staking token), users are actively earning Tephras. The team has also hinted that users can boost Tephra generation by holding Lava Rock Alpha NFTs.
Profitable traders stand to generate even more rewards. Encouraging skilled traders to use the platform, points are also being distributed based on the profitability of individual trades. Making point generation accessible to those with smaller wallets, Tephras can also be earned through community-building activities.
Adding an additional layer of intrigue to the Tephra program, Lavarage proposes diversified missions. With each mission lasting two weeks, the Lavarage team will adapt rewards based on the protocol’s strategic goals. While this keeps the rewards program dynamic, it also works as a countermeasure against bots and airdrop farmers seeking to game the system.
Mission 1 is currently live. Lavarage users can easily track their Tephra points tally through the app. Lavarage’s earliest users and supporters can now verify rewards accumulated during the ‘OG Mission’.
WHAT IS LAVARAGE?
Designed to improve capital efficiency in DeFi trading and boasting a streamlined user experience, Lavarage offers a creative approach to margin trading on Solana. Unlike the network’s vast range of perpetual DEXes, Lavarage contracts use spot assets.
This means that the platform offers more accurate pricing and liquidity than perpetual markets and allows traders to buy and sell the underlying assets.
Lavarage usage has erupted in recent weeks. Since the end of June, the platform has facilitated over 5,000 spot-margin positions at an average leverage of 3x. Boasting over 500 assets, Lavarage has attracted over 1,000 unique users with a retention rate of over 60%.
Beyond trading, Lavarage also manages to provide generous yield to its liquidity providers. According to the platform, SOL stakers have earned over 40% APY through Lavarage since the protocol’s inception.
WHAT'S NEXT?
With the Tephra points program officially underway, the Lavarage team has hinted that the upcoming TGE “might not be too far off”.
Regardless, Tephra is expected to boost the platform’s growing user base and volume, helping Lavarage grow towards becoming a key player in Solana’s flourishing DeFi Landscape.
With the launch of Tephra, the protocol’s dynamic points program, Lavarage brings renewed enthusiasm to Solana’s margin markets and re-stokes the flames ahead of a future airdrop.
THE TEPHRA POINTS SYSTEM - MISSION 1 NOW LIVE
Rewarding dedicated traders and community members alike, the Tephra points system aims to provide fair opportunities for all ‘Lavanauts’. By using the Lavarage trading platform and engaging in community-building activities, Lavanauts earn Tephras, which will be directly correlated to an eventual airdrop.
Users earn Tephras every time they execute an action in the Lavarage platform. Whether you’re opening positions, paying interest on borrowed assets, or staking SOL for lstSOL (Lavarage’s native liquidi staking token), users are actively earning Tephras. The team has also hinted that users can boost Tephra generation by holding Lava Rock Alpha NFTs.
Profitable traders stand to generate even more rewards. Encouraging skilled traders to use the platform, points are also being distributed based on the profitability of individual trades. Making point generation accessible to those with smaller wallets, Tephras can also be earned through community-building activities.
Adding an additional layer of intrigue to the Tephra program, Lavarage proposes diversified missions. With each mission lasting two weeks, the Lavarage team will adapt rewards based on the protocol’s strategic goals. While this keeps the rewards program dynamic, it also works as a countermeasure against bots and airdrop farmers seeking to game the system.
Mission 1 is currently live. Lavarage users can easily track their Tephra points tally through the app. Lavarage’s earliest users and supporters can now verify rewards accumulated during the ‘OG Mission’.
WHAT IS LAVARAGE?
Designed to improve capital efficiency in DeFi trading and boasting a streamlined user experience, Lavarage offers a creative approach to margin trading on Solana. Unlike the network’s vast range of perpetual DEXes, Lavarage contracts use spot assets.
This means that the platform offers more accurate pricing and liquidity than perpetual markets and allows traders to buy and sell the underlying assets.
Lavarage usage has erupted in recent weeks. Since the end of June, the platform has facilitated over 5,000 spot-margin positions at an average leverage of 3x. Boasting over 500 assets, Lavarage has attracted over 1,000 unique users with a retention rate of over 60%.
Beyond trading, Lavarage also manages to provide generous yield to its liquidity providers. According to the platform, SOL stakers have earned over 40% APY through Lavarage since the protocol’s inception.
WHAT'S NEXT?
With the Tephra points program officially underway, the Lavarage team has hinted that the upcoming TGE “might not be too far off”.
Regardless, Tephra is expected to boost the platform’s growing user base and volume, helping Lavarage grow towards becoming a key player in Solana’s flourishing DeFi Landscape.
2 days ago
(E)
$POPDOG has listed on flooz_xyz (https://x.com/flooz_xyz) !
http://flooz.xyz/POPDOGsol...
In a few days FLOOZ’s long awaited wait will go live on SOLANA chain and you will be able to purchase POPDOG with Credit/ Debit card, APPLE and GOOGLE Pay! 💳🔴💵
A huge step in easily onboarding #POPDOG holders!🧍🧍🏿♂️🧍♀️
http://flooz.xyz/POPDOGsol...
In a few days FLOOZ’s long awaited wait will go live on SOLANA chain and you will be able to purchase POPDOG with Credit/ Debit card, APPLE and GOOGLE Pay! 💳🔴💵
A huge step in easily onboarding #POPDOG holders!🧍🧍🏿♂️🧍♀️
3 days ago
Shit app
They don't wanna pay any money for the referral
They just here to waste your time
Fuck you bullverse
They don't wanna pay any money for the referral
They just here to waste your time
Fuck you bullverse
4 days ago
6 days ago
🇺🇸 River releases video explaining why the United States should hold #Bitcoin as a strategic reserve asset as proposed by Senator Lummis.
“If the United States could get 5% of the entire bitcoin supply, it could help pay off a significant portion of the national debt.”
https://x.com/river/status...
“If the United States could get 5% of the entire bitcoin supply, it could help pay off a significant portion of the national debt.”
https://x.com/river/status...
6 days ago
📲 Circle to introduce USDC tap-to-pay payments on iPhones.
The company is taking advantage of Apple's opening of NFC chips to third-party developers.
https://www.bloomberg.com/...
The company is taking advantage of Apple's opening of NFC chips to third-party developers.
https://www.bloomberg.com/...
6 days ago
🇧🇷 Binance and Brazilian SEC finally reach agreement after years of regulator banning derivatives.
The CVM had in fact banned the crypto exchange from promoting derivative products in the country in 2020.
Binance has agreed to pay R$9.6 million (~$1.75 million) in settlement with the regulator.
https://www.theblock.co/po...
The CVM had in fact banned the crypto exchange from promoting derivative products in the country in 2020.
Binance has agreed to pay R$9.6 million (~$1.75 million) in settlement with the regulator.
https://www.theblock.co/po...
7 days ago
🚨 MetaMask partners with Mastercard and Baanx to launch the world's first Mastercard debit card that enables instant spending directly from your self-custody wallet.
The MetaMask Card works like a traditional debit card: users can make purchases directly from their MetaMask wallet.
The Crypto is then instantly converted to fiat and available for purchases online or in-store.
“MetaMask Card represents a major step towards eliminating the friction that exists between blockchain and traditional payments. It is a paradigm shift that offers the best of both worlds,” said Lorenzo Santos, Senior Product Manager at Consensys
https://consensys.io/blog/...
The MetaMask Card works like a traditional debit card: users can make purchases directly from their MetaMask wallet.
The Crypto is then instantly converted to fiat and available for purchases online or in-store.
“MetaMask Card represents a major step towards eliminating the friction that exists between blockchain and traditional payments. It is a paradigm shift that offers the best of both worlds,” said Lorenzo Santos, Senior Product Manager at Consensys
https://consensys.io/blog/...
MetaMask, Mastercard and Baanx Unveil Revolutionary Way to Pay with Crypto | Consensys
MetaMask launches the world’s first Mastercard debit card that enables instant spending directly from your self-custody wallet.
https://consensys.io/blog/metamask-mastercard-and-baanx-unveil-revolutionary-way-to-pay-with-crypto-pr
8 days ago
🚨 Highlight of the interview between Elon Musk and Trump:
👉 The interview began with Elon Musk discussing a massive DDoS attack that severely disrupted and delayed the live broadcast, originally scheduled for 8 p.m. Musk said the incident clearly revealed the strong opposition to President Donald Trump's speech:
🔹 "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."
🔹 Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.
🔹 “If the goal is to assassinate, what would be your favorite place? This building. This building would be number one,” Elon Musk remarked. Donald Trump agreed: “That would have been the most appropriate place.”
👉 Elon Musk then expressed his admiration for Trump's reaction to an assassination attempt. He praised the president's determination not to be defeated by this dramatic event, but to continue to fight with a firm will and a spirit of defiance.
🔹 “Your actions following this assassination attempt have been truly inspiring,” said Elon Musk.
👉 The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.
🔹 Donald Trump accused Harris of plagiarizing one of his proposals, that of abolishing taxes on tips, while at the same time supporting increased IRS surveillance of citizens' tips. He denounced this inconsistency by declaring: "These people are FAKES", highlighting the contrast between past actions and current positions.
🔹 Donald Trump recalled that the previous administration had hired 88,000 new IRS agents to closely monitor tips received by waitresses and carts. According to him, this policy was mainly aimed at increasing surveillance and imposing additional burdens on workers in these sectors.
🔹 However, Donald Trump pointed out that Harris had recently adopted his proposal to eliminate tip taxes, which he said illustrated political opportunism. He accused Harris of changing her position in response to political pressure, saying that the move was designed to improve her image and gain political advantage, while remaining at odds with the policies she previously supported.
👉 Elon Musk then expressed grave concern about the future of the United States if current border policies continue.
🔹 "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.
🔹 Donald Trump added that if Kamala Harris were elected, it could lead to the arrival of 50 to 60 million people from various countries around the world.
🔹 “Inflation comes from government overspending because checks never bounce when they are written by the government,” Musk explained. He suggested the creation of a “government efficiency commission” to review and reduce wasteful spending, noting that interest payments on the national debt have now exceeded the defense budget, a situation that demands immediate action.
👉 Finally, Elon Musk addressed the subject of censorship, expressing harsh criticism towards Thierry Breton, the European Commissioner, whom he accuses of having tried to censor his conversation with Donald Trump.
🔹 Elon Musk referred to Breton's warning, who had said: "With a larger audience comes greater responsibility." This statement was perceived by Musk as an attempt to limit freedom of expression, which prompted him to react strongly.
🔹 To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to “take a big step back and literally fuck off.” This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.
👉 Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.
👉 The interview began with Elon Musk discussing a massive DDoS attack that severely disrupted and delayed the live broadcast, originally scheduled for 8 p.m. Musk said the incident clearly revealed the strong opposition to President Donald Trump's speech:
🔹 "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."
🔹 Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.
🔹 “If the goal is to assassinate, what would be your favorite place? This building. This building would be number one,” Elon Musk remarked. Donald Trump agreed: “That would have been the most appropriate place.”
👉 Elon Musk then expressed his admiration for Trump's reaction to an assassination attempt. He praised the president's determination not to be defeated by this dramatic event, but to continue to fight with a firm will and a spirit of defiance.
🔹 “Your actions following this assassination attempt have been truly inspiring,” said Elon Musk.
👉 The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.
🔹 Donald Trump accused Harris of plagiarizing one of his proposals, that of abolishing taxes on tips, while at the same time supporting increased IRS surveillance of citizens' tips. He denounced this inconsistency by declaring: "These people are FAKES", highlighting the contrast between past actions and current positions.
🔹 Donald Trump recalled that the previous administration had hired 88,000 new IRS agents to closely monitor tips received by waitresses and carts. According to him, this policy was mainly aimed at increasing surveillance and imposing additional burdens on workers in these sectors.
🔹 However, Donald Trump pointed out that Harris had recently adopted his proposal to eliminate tip taxes, which he said illustrated political opportunism. He accused Harris of changing her position in response to political pressure, saying that the move was designed to improve her image and gain political advantage, while remaining at odds with the policies she previously supported.
👉 Elon Musk then expressed grave concern about the future of the United States if current border policies continue.
🔹 "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.
🔹 Donald Trump added that if Kamala Harris were elected, it could lead to the arrival of 50 to 60 million people from various countries around the world.
🔹 “Inflation comes from government overspending because checks never bounce when they are written by the government,” Musk explained. He suggested the creation of a “government efficiency commission” to review and reduce wasteful spending, noting that interest payments on the national debt have now exceeded the defense budget, a situation that demands immediate action.
👉 Finally, Elon Musk addressed the subject of censorship, expressing harsh criticism towards Thierry Breton, the European Commissioner, whom he accuses of having tried to censor his conversation with Donald Trump.
🔹 Elon Musk referred to Breton's warning, who had said: "With a larger audience comes greater responsibility." This statement was perceived by Musk as an attempt to limit freedom of expression, which prompted him to react strongly.
🔹 To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to “take a big step back and literally fuck off.” This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.
👉 Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.
9 days ago
Aiming to streamline and simplify the Solana user experience, Fuse Wallet has unveiled yet another creative tool. After delivering Solana’s leading multisig solution and developing a seed phraseless smart wallet, Fuse is finally bringing gas abstraction to Solana.
What is gas abstraction, and how does it facilitate simplified applications on the Solana blockchain?
HOW DOES GAS ABSTRACTION WORK
In an eagerly awaited update, Fuse Wallet has finally implemented gas abstraction. A helpful onboarding tool, gas abstraction makes Solana gas payments simpler than ever before by expanding the ways in which users can pay transaction fees.
Through the platform’s Paymaster feature, Fuse Wallet’s native LST (Liquid Staking Token), fuseSOL can be automatically converted to SOL to pay transaction fees. This gives users greater flexibility by enabling them to deploy all their SOL throughout the ecosystem while still enjoying the staking rewards provided by fuseSOL.
Essentially, Fuse Wallet’s Paymaster feature ensures that your wallet always maintains a minimum balance of fuseSOL that is sufficient to pay transaction fees. Kept separate from your main balance, the Paymaster also allows for a daily spending limit of 0.1SOL.
While for now, this might sound as simple as using fuseSOL for transaction fees instead of SOL, the future implications allow for a far more diversified onchain landscape.
WHY IS THIS HELPFUL?
In the future, Fuse Wallet expects that users will be able to pay gas fees using any supported cryptocurrency, like USDC. Successful implementation of gas abstraction means that users are no longer required to hold SOL in their wallets, enabling them to explore the Solana ecosystem with greater freedom and simplicity.
Additionally, gas abstraction will make it possible for applications to cover the costs of network transaction fees on behalf of their users. This feature eliminates a massive friction point that hampers adoption and helps new users join the onchain economy.
Commentators on social media have lauded the move as a bold step forward for crypto onboarding.
What is gas abstraction, and how does it facilitate simplified applications on the Solana blockchain?
HOW DOES GAS ABSTRACTION WORK
In an eagerly awaited update, Fuse Wallet has finally implemented gas abstraction. A helpful onboarding tool, gas abstraction makes Solana gas payments simpler than ever before by expanding the ways in which users can pay transaction fees.
Through the platform’s Paymaster feature, Fuse Wallet’s native LST (Liquid Staking Token), fuseSOL can be automatically converted to SOL to pay transaction fees. This gives users greater flexibility by enabling them to deploy all their SOL throughout the ecosystem while still enjoying the staking rewards provided by fuseSOL.
Essentially, Fuse Wallet’s Paymaster feature ensures that your wallet always maintains a minimum balance of fuseSOL that is sufficient to pay transaction fees. Kept separate from your main balance, the Paymaster also allows for a daily spending limit of 0.1SOL.
While for now, this might sound as simple as using fuseSOL for transaction fees instead of SOL, the future implications allow for a far more diversified onchain landscape.
WHY IS THIS HELPFUL?
In the future, Fuse Wallet expects that users will be able to pay gas fees using any supported cryptocurrency, like USDC. Successful implementation of gas abstraction means that users are no longer required to hold SOL in their wallets, enabling them to explore the Solana ecosystem with greater freedom and simplicity.
Additionally, gas abstraction will make it possible for applications to cover the costs of network transaction fees on behalf of their users. This feature eliminates a massive friction point that hampers adoption and helps new users join the onchain economy.
Commentators on social media have lauded the move as a bold step forward for crypto onboarding.
9 days ago
$USDC - New Verified Listing on BullPay !
Sellers can choose to get paid with USDC !
Built for rapid global payments and 24/7 financial markets, USDC is a regulated digital currency you can redeem 1:1 for US dollars.
Sell content, services, digital products, tickets, premium access and more with BullPay.fun !
Sellers can choose to get paid with USDC !
Built for rapid global payments and 24/7 financial markets, USDC is a regulated digital currency you can redeem 1:1 for US dollars.
Sell content, services, digital products, tickets, premium access and more with BullPay.fun !
9 days ago
❌ A user mistakenly pays $90 ,000 in gas fees to transfer $2 ,200 worth of ETH.
In total, 34 ETH were accidentally spent to transfer less than 1 Ether.
Yet, fees on ETH have never been as low as they are right now for almost 5 years.
The transfer should therefore have cost only a few dollars.
An error that is called "fat finger" because it is often a setting problem.
This is not the first time that this type of so-called “fat finger” transaction has happened...
But according to some, it is not always a mistake...indeed, it could also be a sophisticated form of money laundering
In total, 34 ETH were accidentally spent to transfer less than 1 Ether.
Yet, fees on ETH have never been as low as they are right now for almost 5 years.
The transfer should therefore have cost only a few dollars.
An error that is called "fat finger" because it is often a setting problem.
This is not the first time that this type of so-called “fat finger” transaction has happened...
But according to some, it is not always a mistake...indeed, it could also be a sophisticated form of money laundering
10 days ago
⚖️ Celsius sues Tether, seeking over $2 .4 billion in #Bitcoin .
Celsius claims that Tether breached its agreement when the company used the company's assets (Bitcoin) as collateral to pay Celsius's outstanding loan.
Tether defends itself by calling the attack a "shake down" and says "this lawsuit seeks to unduly impose the costs of Celsius' mismanagement and failure on Tether."
Celsius claims that Tether breached its agreement when the company used the company's assets (Bitcoin) as collateral to pay Celsius's outstanding loan.
Tether defends itself by calling the attack a "shake down" and says "this lawsuit seeks to unduly impose the costs of Celsius' mismanagement and failure on Tether."
12 days ago
New Listing on BullPay.fun!
Get a dedicated 15-minute video on the Crypto Patrick YouTube Channel!
Listing link: bullpay.fun/c/deRndQxtal8u
Cost: USD 350
Crypto Patrick YouTube Channel
BullPay is a marketplace on BullVerse where you can:
- Create payment links
- Sell anything: services, digital products, content, and more
- Get paid with any token on Solana
Soft launch on Monday!
Are you a Solana project?
List your token on BullPay!
Get in touch with @bullpay .
Get a dedicated 15-minute video on the Crypto Patrick YouTube Channel!
Listing link: bullpay.fun/c/deRndQxtal8u
Cost: USD 350
Crypto Patrick YouTube Channel
BullPay is a marketplace on BullVerse where you can:
- Create payment links
- Sell anything: services, digital products, content, and more
- Get paid with any token on Solana
Soft launch on Monday!
Are you a Solana project?
List your token on BullPay!
Get in touch with @bullpay .
12 days ago
@Bullverse
Integrate $BULL with solanapay and helio for real world consumption, BULL can be used to purchase any goods on Shopify. DEV of the project can read the payment integration guide of Solana pay and helio. We have tjeer integrated to pay peer to peer spending on shopping all goods by helio and shopify. After only 4 months of release, WIF has become expensive quickly due to the integration of Pay on all aspects of shopify. This project has good DEV, I hope to integrate $BULL peer to peer transactions on shopify. Everyone earns a lot of money on Sol, then must launder money by spending on shopping goods on shopify, no one leaves it in the air forever.
I wrote this in the comments section requesting a new feature in Tele.
Integrate $BULL with solanapay and helio for real world consumption, BULL can be used to purchase any goods on Shopify. DEV of the project can read the payment integration guide of Solana pay and helio. We have tjeer integrated to pay peer to peer spending on shopping all goods by helio and shopify. After only 4 months of release, WIF has become expensive quickly due to the integration of Pay on all aspects of shopify. This project has good DEV, I hope to integrate $BULL peer to peer transactions on shopify. Everyone earns a lot of money on Sol, then must launder money by spending on shopping goods on shopify, no one leaves it in the air forever.
I wrote this in the comments section requesting a new feature in Tele.
13 days ago
$Bull , Bullpay what a crazy and unique project, you can list and sell your custom tokens. What a multi-currency e-marketplace on Solana.
13 days ago
(E)
New listing on BullPay.fun
Listing link: bullpay.fun/c/V3eur3xv32sv
He has been the face of a lot of meme projects on Pinksale !
Now, he is offering to review your project for $50 on Bullpay !
You can message him on BullVerse @kareem66
BullPay is a place on BullVerse where you can:
- Create Payment links
- Sell anything: services, digital products, content and more
- Get paid with any token on Solana
Softlaunch on Monday !
Are you Solana project ?
List your token on Bullpay
Get in touch with @bullpay .
Listing link: bullpay.fun/c/V3eur3xv32sv
He has been the face of a lot of meme projects on Pinksale !
Now, he is offering to review your project for $50 on Bullpay !
You can message him on BullVerse @kareem66
BullPay is a place on BullVerse where you can:
- Create Payment links
- Sell anything: services, digital products, content and more
- Get paid with any token on Solana
Softlaunch on Monday !
Are you Solana project ?
List your token on Bullpay
Get in touch with @bullpay .
13 days ago
Sure the "Costco Family" are goofy.
But they're a mid-income normal ass family who blew up online. Let them do their thing, buy themselves a better car and maybe pay their house off.
Wouldn't you leverage it if you went viral online?
I turn them off whenever I see them sure. But there's no need to be cruel.
But they're a mid-income normal ass family who blew up online. Let them do their thing, buy themselves a better car and maybe pay their house off.
Wouldn't you leverage it if you went viral online?
I turn them off whenever I see them sure. But there's no need to be cruel.
14 days ago
16 days ago
(E)
🚨 The crypto market IS COLLAPSING! 🚨
The cryptocurrency market has just suffered a brutal SHOCK, billions of dollars have evaporated in a few hours.
Traditional markets are also affected by panic.
What is really happening?
First, let's take a look at the alarming numbers:
💸 400 billion capitalization gone
💸 More than a billion dollars in positions liquidated in a few hours, including 901 million long positions pulverized.
💸 Bitcoin fell by 20%, Ethereum by 34%, and altcoins were not spared: Solana fell by 24%, XRP by almost 21%, memecoins like DOGE and SHIB fell by 25%. 29%.
But that's just the tip of the iceberg.
The reasons for this debacle are multiple and interconnected:
💥 The Japanese "carry trade" is collapsing: The yen has soared by 10% in just 3 weeks, pushing investors to massively sell their assets to repay their debts in yen.
This situation was exacerbated by the decision of the Bank of Japan to raise its rates to 0.25%, the highest level since 2008.
💥 Traditional markets in panic: The Nikkei collapsed 12.4%, its biggest historical fall since “Black Monday” in 1987.
This shock wave spread to the American markets, with Nasdaq futures falling by 6% and those of the S&P 500 by 3%.
💥 Massive sales from major players: Jump Trading liquidated $300 million worth of Ethereum in 10 days.
Additionally, two other major players contributed to the selling pressure: the distribution of Mt. Gox's Bitcoins to creditors ($9 billion worth) and the sale of BTC by the German government.
💥 A tense global context: The assassination of the Hamas leader by Israel has exacerbated tensions in the Middle East, Western countries are asking their nationals to leave Lebanon...
This geopolitical instability, coupled with political uncertainties in the United States and fears of recession, has created a climate of risk aversion.
This perfect storm shows how vulnerable the crypto market remains to external shocks.
It also highlights the growing interconnection between cryptocurrencies and traditional financial markets.
Stay vigilant, this extreme volatility could well continue in the days to come!
The cryptocurrency market has just suffered a brutal SHOCK, billions of dollars have evaporated in a few hours.
Traditional markets are also affected by panic.
What is really happening?
First, let's take a look at the alarming numbers:
💸 400 billion capitalization gone
💸 More than a billion dollars in positions liquidated in a few hours, including 901 million long positions pulverized.
💸 Bitcoin fell by 20%, Ethereum by 34%, and altcoins were not spared: Solana fell by 24%, XRP by almost 21%, memecoins like DOGE and SHIB fell by 25%. 29%.
But that's just the tip of the iceberg.
The reasons for this debacle are multiple and interconnected:
💥 The Japanese "carry trade" is collapsing: The yen has soared by 10% in just 3 weeks, pushing investors to massively sell their assets to repay their debts in yen.
This situation was exacerbated by the decision of the Bank of Japan to raise its rates to 0.25%, the highest level since 2008.
💥 Traditional markets in panic: The Nikkei collapsed 12.4%, its biggest historical fall since “Black Monday” in 1987.
This shock wave spread to the American markets, with Nasdaq futures falling by 6% and those of the S&P 500 by 3%.
💥 Massive sales from major players: Jump Trading liquidated $300 million worth of Ethereum in 10 days.
Additionally, two other major players contributed to the selling pressure: the distribution of Mt. Gox's Bitcoins to creditors ($9 billion worth) and the sale of BTC by the German government.
💥 A tense global context: The assassination of the Hamas leader by Israel has exacerbated tensions in the Middle East, Western countries are asking their nationals to leave Lebanon...
This geopolitical instability, coupled with political uncertainties in the United States and fears of recession, has created a climate of risk aversion.
This perfect storm shows how vulnerable the crypto market remains to external shocks.
It also highlights the growing interconnection between cryptocurrencies and traditional financial markets.
Stay vigilant, this extreme volatility could well continue in the days to come!
17 days ago
Are you a project on Solana?
Imagine your token being used by sellers and your community to:
- Unlock exclusive content
- Get paid for services
- Buy and sell digital products
- Create payment links
BullPay brings this utility to you and makes the experience seamless for your users, regardless of your token's price at the time of the transaction.
Bring this bullish utility to your community now!
Get in touch with @bullverse
Imagine your token being used by sellers and your community to:
- Unlock exclusive content
- Get paid for services
- Buy and sell digital products
- Create payment links
BullPay brings this utility to you and makes the experience seamless for your users, regardless of your token's price at the time of the transaction.
Bring this bullish utility to your community now!
Get in touch with @bullverse
17 days ago
$MOOCAT MEME &IP Does anyone have any research on this project? Meme pay, works with shopify and e-commerce stores. Please give me advice. Thanks
