One of the BEST crypto influencers in the world A person whose influence extends across multiple channels Hundreds of thousands of subscribers All this
@HerbertRSim
aka BITCOINMAN At
@token2049
I just had to interview him about his market vision! See below what came of it ⬇️
🌐 Development of #DeFi:
The rise of the cryptocurrency market has paved the way for the development of decentralized finance (DeFi).
DeFi refers to a set of financial applications and platforms built on blockchain technology, offering decentralized alternatives to traditional financial services.
DeFi platforms enable users to access various financial services, such as lending, borrowing, and trading, without the need for intermediaries like banks [2].
The growth of DeFi is driven by its potential to provide greater financial inclusivity, transparency, and efficiency.
As the US banking system faces challenges, DeFi presents an alternative financial ecosystem that is decentralized, secure, and accessible to anyone with an internet connection.
📢 Breaking News: The Fall of the US Banking System and the Rise of the Cryptocurrency Market, Leading to the Development of DeFi
🏦 The US banking system is experiencing a significant downturn, while the cryptocurrency market is witnessing a remarkable surge. This shift is expected to have a profound impact on the financial landscape, leading to the development of decentralized finance (DeFi) solutions. Here's what you need to know:
💱 Rise of the Cryptocurrency Market:
In contrast to the declining #banking system, the cryptocurrency market has experienced a strong recovery and growth .
Bitcoin (#BTC) and Ethereum (#ETH), the leading cryptocurrencies, have shown remarkable stability and have been trading in the green .
The market capitalization of the crypto market has reached a staggering $1.74 trillion, with Bitcoin reaching a high of $45,208.
The increasing interest in cryptocurrencies is fueled by expectations of regulatory approval for exchange-traded funds (ETFs) to invest in cryptocurrencies.
@BlackRock Before this -- SEED MOVEMENTS DO NOT MEAN LAUNCH
Looking like BlackRock is *planning* to make moves on Jan 3rd. They're seeding the ETF with $10 million. But maybe means BlackRock would be expecting a launch to happen shortly after?
The court approved the settlement agreement between #Binance and the #CFTC !
- @cz_binance must pay a fine of $150,000,000.
- @binance will pay the CFTC $2,700,000,000. (1.35 billion$ - fine, 1.35 billion$ - illegally obtained trading commission)
#Bitcoin#CZ
🚀 A new historical maximum has been reached in the number of #bitcoin addresses with a balance of at least 1 #BTC!
Now there are 1.022 million such lucky people! ❤️
Frax (#FRAX) and TrueUSD (#TUSD) — received a score of 5, becoming the least reliable stablecoins
None of the stablecoins received the highest rating of 1 — "very strong"🤔
Save and retweet ✌🏻
Reliability rating of #stablecoins 📊
To assess reliability, asset quality, management, regulatory framework, repayment opportunity, liquidation mechanisms, liquidity, dependence on technology and third parties, and track record were taken into account.
The grades were distributed as follows:
USD Coin (#USDC), Gemini dollar (#GUSD), Pax Dollar (#USDP) — received a score of 2 that is the best score among competitors
#Tether (#USDT), First Digital USD (#FDUSD), Dai (#DAI) — received a score of 4, were marked "at increased risk"
🚫 The #SEC rejects #Coinbase 's call for new #cryptocurrency rules in the United States.
#GaryGensler asserts that "existing securities laws are sufficient for regulating the crypto industry."
A reminder: Approval of the first spot #BitcoinETF in the U.S. is a potent catalyst for crypto growth. This enables significant investors to officially engage with crypto via platforms like @BlackRock , signaling substantial capital inflows into the industry.