Mads Crypto Corner

Hello World – Next Target Locked On, Binance Feed!

Mad's Crypto Corner is ecstatic to step on a brand new path and expand our journey, stepping on Binance Feed as another platform for us we stepping on.

Educating, learning, and becoming the place for every crypto enthusiast–whether newbies or experts–always have been our number one aim.

Another platform means another opportunity for us to reach a wider audience, to educate and share, with each crypto enthusiast.

And we are more than excited to feel the vibes on Binance Feed, and you guys too. It's going to be a fun ride we have on Binance Feed, Madians!

It is certain that society recognize that finance plays a crucial role in one's life and has a substantial impact on how people live their lives. With sound financial management, individuals can realize their desired lifestyle, achieve their goals, and attain financial security. It is crucial to value life holistically, including financial wellness, to live a fulfilling and comfortable life or Failing to manage finances can lead to financial stress, debt, and limited opportunities.

With the proper knowledge and skills, individuals can make smart financial decisions and build a strong financial foundation for a better future. Therefore, financial education and literacy are crucial for personal and societal well-being.

Financial literacy can be particularly important during times of economic uncertainty or when facing unexpected financial challenges. Understanding how to manage money, make informed investment decisions, and plan for emergencies can help individuals navigate difficult financial times and avoid making costly mistakes.

Finance : Mad's Crypto Corner

The performance of the crypto market from 2021 to April 2023 can be seen from the price movements of some of the top crypto coins such as Bitcoin, Ethereum, and Binance Coin. In early 2021, Bitcoin reached a record high of over $60,000, and other crypto coins such as Ethereum and Binance Coin also experienced significant price spikes.

However, in the first quarter of 2022, the crypto market experienced a significant correction, and the price of Bitcoin dropped to below $40,000. The correction was caused by various factors such as concerns about the ongoing COVID-19 pandemic and uncertainty in global financial markets.

By April 2023, Bitcoin price is expected to reach the range of $70,000 to $90,000, and other crypto coins are also expected to experience significant price increases. However, as with any investment, the crypto market is also high risk, and the price of crypto coins can change drastically in a short period of time.

Analisis Info : Mad's Crypto Corner **

Whether Ethereum will outperform Bitcoin after the Shanghai upgrade. this is general information about the two cryptocurrencies.

Ethereum and Bitcoin are two different types of cryptocurrencies. Ethereum is designed to be used as a platform for developing blockchain applications, while Bitcoin is better known as a digital currency for financial transactions.

The Shanghai upgrade is a series of updates designed to improve the capabilities and performance of the Ethereum network. Some of the improvements to be made include increased throughput (transaction capacity per second), improved security, and reduced transaction fees.

Meanwhile, Bitcoin is maintaining its transaction value and security, and making efforts to improve transaction efficiency by introducing SegWit and the Lightning Network.

Both cryptocurrencies have loyal fans and users, and both have their own advantages and disadvantages. As such, it is difficult to predict exactly whether Ethereum will gain the upper hand over Bitcoin after the Shanghai upgrade. What is certain, however, is that both cryptocurrencies continue to grow and become increasingly important in the world of finance and technology. #Info Systems : Mad's Crypto Corners

"Advantages and Disadvantages of Using the Efficient ZK EVM System on the Ethereum Network"

https://twitter.com/VitalikButerin/status/1641910122485104640?t=mDMqV-Sc2iLLbA5SySGVfw&s=19

The Ethereum network has seen a surge in the number of transactions taking place on its blockchain. This has prompted developers to look for new ways to optimize the performance of their applications.

One such solution is the use of the efficient ZK EVM system, which offers many advantages over traditional approaches.

And here we will discuss the various advantages and disadvantages associated with using the efficient ZK EVM system on the Ethereum network.

It will also explore some potential use cases for this type of system and how it can be used to improve efficiency and scalability on the Ethereum blockchain.

#Opinion : Mad's Crypto Corner

Ethereum "Shapella," according to the Ethereum blog page, is a combination of Shanghai, the Devcon 2 site, and Capella, the brightest star in the northern constellation Auriga.

Ethereum coin holders can now free their valuable digital assets at their discretion without the need for maturation, thanks to recent system developments.

The Ethereum upgrade will be

launched in Shanghai on April 12, is said to have some of the best features of the previous development.

And from that the issue of validators withdrawing Ethereum that has been staked on major networks is the focus of attention and discourse.

Not only that, the Ethereum network which has more than 500,000 validators has also made progress in various other areas such as sharding, EVM and EOF.

Ethereum's robust ecosystem and larger community give it an undeniable edge over its competitors, especially in the field of decentralized finance (DeFi) and NFTs.

Info : Mad's Crypto Corner

Illustration (source: freepik.com)

#Ethereum Shanghai Upgrade is just around the corner, and millions of #ETH is about to enter the market. Will this lead to a drop in ETH's price? Is it a nightmare await for ETH holders?

TL;DR:

Ethereum Shanghai Upgrade is planned to happen on April 12th 2023, this will allow ETH stakers to withdraw their staked ETH

Almost 18 million ETH staked, or equal to around US$32 billion

There are 2 options to withdraw the staked ETH: partial or full

Partial, stakers can withdraw only the interest, possibly 1 million ETH withdrawable for this option

Full, stakers can withdraw all of their staked ETH, but with the network maximum capacity of 50.400 ETH each day

57% of ETH stakers are liquid stakers through Liquid Staking Derivatives platform providers

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The Ethereum network transition from the Proof-of-Work (PoW) consensus mechanism to the Proof-of-Stake (PoS) evolution is ongoing to improve the network's scalability, energy efficiency, and security. This transition began with The Merge on September 15th, 2022.

Another major Ethereum upgrade operation is scheduled for this month, specifically on April 12th, 2023. This upgrade is called The Shanghai Upgrade, and it is rumored to significantly affect the price of ETH.

Why is that? Through The Shanghai Upgrade, there will be a major change in the Ethereum network and ETH. The change is that ETH stakers will be able to withdraw or unstake their staked ETH.

Since December 1st 2020, ETH can be staked on the Beacon Chain as the requirement to be a validator on the Ethereum network, with minimum 32 ETH to be staked. Beacon Chain is a new layer on the Ethereum network designed as "validators layer", the layer where transactions being validated and new blocks being created on the Ethereum network.

Until this day, ETH stakers could not withdraw and unstake their locked ETH back, but with the upcoming Shanghai Upgrade, stakers will be able to unstake and withdraw their staked ETH. This raises the question of how the Shanghai Upgrade will affect ETH's price. Will the upgrade cause a depreciation in ETH's price?

What it is Means for Ethereum Shanghai Upgrade?

Based on the data from Ethereum's official website, ethereum.org, at the time of writing this article, the total amount ETH being staked almost reach 18 million ETH, equivalent to around 32 million United States Dollar. This means that a significant amount of ETH may come into the market in the near future.

However, it is important to note that the staked ETH after the Shanghai Upgrade cannot be withdrawn all at once. This should help protect the ETH price and hold back selling pressure that might otherwise occur if all staked ETH were withdrawn simultaneously.

ETH staking statistics source: ethereum.org/en/staking/ (accesed on April 4th 2023, 5:30 AM UTC)

According to Binance Research, validators have two options for withdrawing their staked ETH: partial or full withdrawal.

With partial withdrawal, validators can withdraw only the interest earned on their staked ETH, without the original staked capital. This means that up to 1 million ETH (~US$1.8 million) could potentially enter the market through this withdrawal option.

Alternatively, validators can opt for the full withdrawal option, which allows them to withdraw both their staked capital and interest. However, the Shanghai Upgrade has been designed to limit daily withdrawals to 50,400 ETH (~US$91.3 million).

As a result, there will only be US$91.3 million worth of selling pressure on the ETH price each day from the full withdrawal option. Mathematically, this amount would only affect about 1% of ETH's price each day based on Ethereum's market cap in the last 24 hours.

It is worth noting that the majority of ETH stakers, which is 57% of them, are liquid stakers through Liquid Staking Derivatives (LSD) platform providers such as Lido, #Binance , Coinbase, and others.

Liquid Staking is a process of staking or locking coins, in this case, ETH, through #LSD platforms. Stakers will receive a token that has the same value as their staked ETH as a derivative ETH token. This allows stakers to use the derivative token for many things while still participating in validating the Ethereum network.

ETH stakers composition (source: #BinanceResearch )

LSD platforms have been existed long before the Shanghai Upgrade become the main topic and have been become the main option for many ETH stakers around the globe. Therefore, it can be said that this group of stakers - liquid stakers - do not have a special reason to sell off their ETH post-Shanghai Upgrade, as they would have already done so in the months before.

Conclusion:

With the implementation of those two withdrawal options, it can hold back the selling pressure post-The Shanghai Upgrade. However, only 43% of the ETH stakers are illiquid and waiting for the upgrade because the liquid stakers would have already sold their derivative ETH tokens long before.



DISCLAIMER:

This article is just for information purposes only, not any financial advice. This article may be used as a reference but please always Do Your Own Research (DYOR) based on your own personal preferences, especially when it comes to spending money. Mad's Crypto Corner is not responsible for your own financial decisions.

Daily price improvement is being faced by major cryptos this week, after the big wave in the crypto market but generally the impact on market sentiment is starting to improve and make the weekly market tend to be green.

Last week was a tough one due to banking failures, inflation, and the implementation of crypto regulators which made market participants confused and worried due to the amount of uncertain information in the crypto market.

Coin Price Daily Change according to CoinmarketCap records (%)7 Day Change (%)

Bitcoin (BTC) $28,096.53 - 1.04% -0.45%

Ethereum (ETH) $1,789.13 - 1.44% - 0.76%

BNB $313.53 - 0.32%-4.51%

However, Bitcoin was able to survive and did not experience a significant increase and decrease. the news of the market sentiment caused the price of bitcoin to be held below after being at the level of $28,000.

"DiPasquale, CEO of BitBull Capital noted that Bitcoin's price above the 200-day moving average (MA200) is a strong indicator of a bull market."

Amidst the ongoing project development in Shanghai. no

The price of Ethereum also tends not to experience significant changes, the development focused on the Ethereum transition aims to be able to create a proof-of-stake (PoS) network. This network allows investors to withdraw stakes from Ethereum coins.

InFO predict : Mad' s CC Apr 2023

The investment contract asset, which is an asset that is sold as part of an investment contract that is not subject to security, but at the time of sale is considered an investment contract, is the latest law to be introduced to us cryptomillennials in 2020.

As we know there are similar working methods with those applied to the Monetary Authority of Singapore, Hong Kong, and Taiwan.

However, it turns out that the implementation of the system does not fit into the existing regulatory framework of the Securities and Exchange Commission (SEC) or what we know as an independent United States agency responsible for protecting investors.

Although Coinbase has asked for accelerated law enforcement because without strong laws it is prone to fraud such as insider trading. According to the SEC, the enforcement of new laws, especially those regarding crypto, needs to be reviewed and prudent.

The request for Chinese banks to build a crypto business in Hong Kong with Crypto as a volatile asset class, may not be a bad thing if it moves to Asia. It is likely that this could be the reason for the current

Bullish Asian markets.

#opinion #Binance #Bullish

MMCC is the first project in Solana to distribute royalties to its community. The Meerkat Millionaire Country Club (MMCC) project in Solana is set to revolutionize cryptocurrency and NFTs.

It becomes a bridge for Solana projects to flourish



The existence of Ordinal Inscriptions on the Bitcoin network is a means to record digital assets at satoshis, the lowest denomination of BTC. This development is expected to make a difference in the crypto world, by offering new opportunities for growth and innovation.

Ordinal Inscriptions are another exciting development in the crypto world. Digital assets can now be listed at satoshis, with the smallest nomination of BTC. the purpose of this innovation is to increase privacy as well as reduce transaction costs, because Taproot increases the efficiency of the Bitcoin network.

While Ordinals is complicated by the size of the Bitcoin blockchain and the need to use the Command Line (Windows) or Terminal (Mac/Linux), this development offers a great new opportunity to combine and unify several elements.

#Binance #ordinals #NFT

Today the Crypto Market looks green, looking at data from CoinMarketCap Bitcoin today slightly strengthened by 1.39% to a price range of US $ 27,949.

In recent times Bitcoin has not shown a better upside in the span of one week with an increase of 0.43%.

Otherwise , what happened to Ethereum today strengthened 1.54% to US$ 1,744,.05 seen the price performance of the weakening Ethereum crypto downsite in the past week by 0.47%.

Meanwhile, BNB today strengthened by 1.56% to touch the price of US$ 328.35, within 7 days, BNB experienced a decline of 2.25%.

As we can see in the crypto market in the past week, cryptocurrencies that have experienced significant increases includeXRP (+14.95%), Polygon (+5.26%), andCardano (+2.79%). however, the decline in the past week was experienced by BNB.

Launching from Coindesk, Joe DiPasquale CEO of BitBull Capital, the market will mostly be bullish after the Federal Open Market Committee (FOMC) announcement which indicates that interest rate hikes have begun to calm down.

Arbitrum's ARB token Airdrop event is at the heart of market participants' expectations.

This can also be a breath of fresh air for Altcoin to shine again and build public interest to rise again because of this. Bitcoin's price movement which had stalled along with the US Central Bank raising interest rates by 25 points on this basis.

Significant market movement in the alt season is certainly positive news for Arbitrum's ARB governance token, with the popularity of layer-2 scaling solutions in the Ethereum ecosystem and at launch. and this also happened because the Bitcoin price stalled, altcoin prices soared, when investors were bullish. 

So that we don't get hung up on Arbitrum, in fact, apart from Arbitrum, there is still a selection of several other altcoins that are taking part in this alt season game. #Mad's CC

Bitcoin rallied back to US$25,000 Friday morning on 3/17/2023 and reached a price of US$27,000 on Friday night. Bitcoin's price recovery seems quite fast, rallying more than 50 percent in less than six months. When the banking market experienced a liquidity crisis, Bitcoin showed a rebound.

It is likely that this movement occurred due to the impact of moving liquidity flows into crypto assets. This could be the potential for bullishness in crypto to continue in the next 2 months.

Keep in mind that the current BTC bullishness is still in its early stages and this positive momentum is very likely to be utilized by crypto asset traders and investors to move the crypto market back.

Bitcoin monthly return in the last three months tends to move bullish. Seeing the potential of btc history itself in the next month historically from 2014 to 2022 every April tends to move bullish. Supported by market participants and investors are looking forward to the results of the Fed's FOMC Meeting on March 21-22, 2023 which provides a positive impetus for Bitcoin.

Bitcoin could potentially continue to strengthen to the US$29,000 level if it holds at the US$26,000 support level.

The banking crisis in the US has also made market participants worried that this incident will have an impact on high central bank interest rates.Signature Bank, the largest crypto banking partner, was seized by regulatory agencies during this period due to the failure of Silicon Valley Bank.

Contractual counterparties play a key role in the US crypto ecosystem. If no banks step in to handle counterparties, the development of US crypto will drop significantly. Whereas currently, crypto is in recovery after experiencing a crash in 2022

"It will have a huge impact if no US bank accepts deposits from crypto clients," said Taylor Johnson, co-founder of PsyFi.

New York-based Cooperation Bank is not only a bank for crypto, but has a large share in real estate lending and law firm services.

Silvergate Bank, has been responsible for moving more than US$2 trillion in and out of crypto, according to data from Forbes.

The case is worrying but not damaging to crypto, as the industry can still rely on Silvergate Bank, the bank for other cryptos. However, it hit Silvergate hard during the crypto downturn last year, and announced on March 9 that it would cease operations.

Bitcoin as it is affected by various factors such as market demand, adoption, and regulations. And some analysts and experts believe that the price of Bitcoin may continue to rise in the long term due to its limited supply and increasing mainstream acceptance.

Even though the crypto market was exposed a few days ago to the Silicon Valey Bank problem which resulted in a hard blow to the USDC Stable coin price, in the end the market was able to breathe again where prices started to go positive a few hours ago.



It's difficult to predict the future of Bitcoin with certainty, but some experts believe that it could reach a value of $100,000 or more by 2023. However, for this March Bitcoin CS is likely to increase to $ 30,000 in the middle of the month, until the middle of next April.

But the most important to keep in mind that the cryptocurrency market is highly volatile and subject to change.

Image by Gerd Altmann from Pixabay 

Top #altcoins are still seen in the red. The price of #bitcoin and other top #crypto remains the same on Friday, March 10, 2023. Based on data from CoinMarketCap, today's price of the crypto with the largest market capitalization, Bitcoin (BTC) is down 7.28 percent in 24 hours.

Currently, the Bitcoin crypto price is at the level of USD 20,391 per coin or equivalent to IDR 315.9 million (assuming an exchange rate of IDR 15,495 per US dollar).

#Ethereum (ETH) managed to continue weakening. ETH fell 7.06 percent in the past day and 12.32 percent in a week. That way, ETH is currently at the level of IDR 22.32 million per coin.

#Binance Coin (BNB) is still weakening. In the last 24 hours BNB fell 4.48 percent and 7.60 percent a week. The BNB price is around IDR 4.28 million per coin.

Cardano, is still in the red zone. In the last one day ADA weakened 4.29 percent and 12.33 percent a week. That way, ADA is at the level of IDR 4,752 per coin.

Solana (SOL) also weakened. SOL fell 7.42 percent in the last day and 22.00 percent a week. Currently, the SOL price is at the level of IDR 266,520 per coin.

Meanwhile, Ripple (XRP) weakened again after strengthening. XRP fell 5.01 percent in 24 hours and 1.73 percent a week. XRP is currently in the price range of IDR 5,767 per coin.

The meme coin, Dogecoin (DOGE) is still down. In the last day DOGE fell 8.87 percent and 18.58 percent a week. This makes DOGE traded at the level of IDR 1,103 per token.

Tether (USDT) and USD coin (USDC) stablecoins, today both gained 0.01 percent. This keeps their prices at the USD 1.00 level - however, Binance USD (BUSD) has gained 0.01 percent in the last 24 hours and remains at the USD 1.00 level.

The overall crypto market capitalization today stands at USD 942.1 billion or equivalent to IDR 14,598 trillion.

DISCLAIMER:

This article is just for information purposes only, not any financial advice. This article may be used as a reference but please always Do Your Own Research (DYOR) based on your own personal preferences, especially when it comes to spending money. We are not responsible for your own financial decisions.

#Altcoin Index which can be said to be a mathematical expression where the value only consists of data in the form of numbers. This is very useful for #traders ,they can use the Altcoin Index to be able to read the actual market conditions and can also distinguish data that is noise. A false news or rumors of unclear origin can shake the price of one #crypto asset.

And that can create panic in the market (Fear, Uncertainty, and Doubt / #fud ). In fact, it can trigger traders to sell, thus making altcoin prices decline. This kind of panic can indeed hit traders. They may be influenced to release their crypto assets and exit the market. But there is one advantage, where they can minimize the worry by reading or looking at the Altcoin Index.

If an Altcoin Index value only changes in the range of a few hundred points after the panic, it can mean that the altcoin market has not entered a dangerous level. It can also be said that market conditions are considered stable. Here we are required to think critically. It is possible that the concern is due to the actions of crypto asset dealers (whales) who are deliberately playing the price of a particular crypto asset .

The rate of growth or a decrease in the Altcoin Index is a signal that serious changes in the altcoin market will occur. From this information is quite important for traders who do direct trading or option contracts. So from this, we can take something where armed with the Altcoin Index, as a trader must be able to equip himself with a comprehensive fundamental analysis. In order to be able or know to predict where the price of #cryptoassets will go in the future.

DISCLAIMER:

This article is just for information purposes only, not any financial advice. This article may be used as a reference but please always Do Your Own Research (DYOR) based on your own personal preferences, especially when it comes to spending money. We are not responsible for your own financial decisions.

Non-Fungible Token, or #NFT for short, become one of the main sectors of the #cryptocurrency and #blockchain ecosystem. Since the inception of this innovation, people who believe in the idea are just getting more and more, as shown by the spike of the NFT sales volume that touched its All-Time High (ATH) in 2021, with over $41 billion as per Chainalysis.

"NFT" keyword on Google Trends (screenshotted: March 4 2023, 10:45 AM UTC)

Apart from that, Google Trends shows that interest towards NFT has skyrocketed, which the highest being on January 2022 with China, Hongkong, and Nigeria topping the top three in the past 12 months. And not just the retail that realized its potential, but also big brands in the whole world can not get excepted. And here are three of the many big brands that believe in and utilise NFT innovation:

1. Nike – Cryptokick iRL

The "Ice" colorway Nike & RTFKT Cryptokicks iRL virtual sneaker (courtesy: RTFKT)

A sneaker giant brand, Nike, launched its digital collectibles or NFT back in 2022, through the web3, digital avatars, and metaverse collectibles company they previously acquired, RTFKT Studio (pronounced "artefact"). This digital collectible is called Cryptokicks iRL, a digital collectible collection comprised of 19,000 virtual sneaker NFTs. The owner of Cryptokicks iRL #NFTs then can redeem the physical form of their virtual sneakers, as RTFKT called "Forging".

2. Adidas – adidas Originals: Into The Metaverse

(courtesy: Adidas)

Didn't want to miss out on its rival Nike, Adidas catching up with the NFTs hype. Collaborated with Bored Ape Yacht Club, gmoney, and PUNKS Comic, Adidas launched its NFT collection called "adidas Originals: Into The Metaverse". The holders of the NFT are guaranteed to access the exclusive physical product of the given NFTs, without any additional cost. The collection is available to trade on OpenSea with more than 47,875 ETH or almost $75 million (with the price of ETH at $1,565) in total volume at this writing.

3. Gucci – Superplastic: SuperGucci

(courtesy: Superplastic)

Launched on February 2022, SUPERGUCCI is a three-part drop of NFTs and including ceramic artworks, the fruit of a collaborative effort between the Italian fashion house, Gucci, with Superplastic. SuperGucci offers exclusive NFTs, each accompanied by a ceramic sculpture handmade in Italy and co-designed by Gucci and Superplastic.

Nike, Adidas, and Gucci are some of the many giants that adapting to NFT innovation. Not just that, even big individuals have realised the NFT potential, let's say Cristiano Ronaldo launched his digital collectibles or NFTs last year through the BinanceNFT. Of course, it is not the end for #nftcommunity ,NFT technology still has a long way to go and sure more will realise and come to utilise the technology in the future.

DISCLAIMER:

This article is just for information purposes only, not any financial advice. This article may be used as a reference but please always Do Your Own Research (DYOR) based on your own personal preferences, especially when it comes to spending money. We are not responsible for your own financial decisions.