Crypto Sisyphus

Stable means everything

storm is coming

Back again .
Just like sisyphean ....

Try reduce the space risk to against the market .
Now it works more stable than it used to be .😇

Will counter strike skin/item marketplace to be next finance system like crypto currency ?

As a very important part of steam ecosystem , CSGO/CS2 skin/item marketcap already reach 400M , Which means so many marketplace about CSGO/CS2 items are full of liquidity . Liqudity means it can run financially like crypto currency .

Most of the skins in CSGO/CS2 behavior like NFT .Every skin have it's status , and can be print with boost , which makes every skin are unique (I got to sad , more unique than ERC721 lol) . But some items like case/container works like tokens , most of them have good liqudity , and they are not unique , allows to be swap like tokens or currency .

The liqudity makes CSGO/CS2 got more financal production , like lending / exchange /gamble event insurence . Due to the limit of steam community , it's not very possible to be another crypto currency . But it still can be a newly part of worldwide finance . Bitcoin-ETF just got approved few months ago since i write down this word , so i think CSGO/CS2 STEAM skin/item marketplacece can works better .

Now more and more skin/item market place like market.csgo.com support crypto currency as deposit/withdraws . Seems like it's a nice pair of virtual finance (And a nice place for laundering XD )

How you guys think of this newly market , it's rising speed goes similar to Bitcoin (since 2015) , and grows with stable speed .

#Write2Earn #Steam #GameShift

chat room here .$BTC

Come and have more discussions about DQN / LSTM /LLM /NLP ai trading here .

Mining the data so we might find the key of marketplace .

What might be the future of quant trading ?

Endless ...

Trading seems work like loop & loop & loop never end ...

Driving a boat that needs to carful all the time , tired .

Lucky ... mesh trading help us make profite from it , nobody to the moon , means everyone to the moon . : - )

Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap

The stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.

The latest quarterly attestation reported Wednesday showed some $1 billion of the profit came from the interest earned on the company's vast U.S. Treasury, reverse repo and money market fund investments, which are held to back the USDT stablecoin, according to a Tether blog post. The rest came "primarily" from appreciation of Tether's other investments such as bitcoin (BTC) and gold.

According to the latest quarterly attestation signed by BDO Italy, Tether disclosed $97 billion of assets in reserve against $91.6 billion in liabilities as of Dec. 31. This translated to $5.4 billion of excess reserves backing Tether's stablecoins.

The company also issues several other digital currencies pegged to fiat currencies and gold, and recently made investments in bitcoin mining, artificial intelligence and telecommunications.
For years, USDT and the quality of the assets backing it have been a key source of concern in the crypto markets.

#USTC/USDT #stablecoin #Write2Earn

Recently , TONResearch have release a blog about a newly TON payment system .

Here are some core inforamtion :

The TON Payment Network is a revolutionary peer-to-peer payment framework, designed to facilitate transactions across the TON Blockchain with unmatched efficiency and security. This document delves into the technical specifications, operational mechanisms, and unique features that set the TON Payment Network apart, providing a comprehensive look at its potential to reshape digital transactions.

The network operates on a decentralized model of payment nodes, which establish connections through smart contracts deployed on the blockchain and utilize the Reliable Datagram Protocol (RLDP) for network communication. These nodes serve dual purposes: as independent entities for transaction facilitation and as integrated libraries within applications for seamless service provision and payment functionalities, such as TON Storage and TON Proxy.

Each node actively monitors blockchain transactions to detect updates related to its contracts, such as the establishment of new contracts or events signaling non-consensual closures. To initiate a connection, a node deploys a payment channel contract specifying both parties’ public keys. Authentication over the network is secured through the exchange of messages signed with channel keys, ensuring integrity and confidentiality.

Virtual channels allow transactions between any two network points via a chain of linked nodes, without requiring direct onchain contracts between every participant. These channels are characterized by their unique keys, lifespans, capacities, and fees. For instance, a virtual channel can be established from node A to C through B, leveraging existing onchain channels (A->B, B->C) for transaction routing. Security against potential breaches in the transaction chain is guaranteed through cryptographic mechanisms and the flexible architecture of the TON blockchain.

More details can be found :

https://tonresear.ch/t/enhancing-financial-transactions-the-ton-payment-network-overview/149
#Write2Earn

Someone know event-driven-trading or CNN-base-ai trading ?

It's time to lever up the leverage and try some new ai trading models .

I notice there are more and more exchange like 3EX.global start up AI trading ( But seems like , most of them are base on martingale )

Will there be some wonderful AI trading model base on LLM & NLP ? I found out LLM working really good in event-driven-trading ( for news analist ) .

Interesting ... During the test using DQN&CNN not really works so well .

When it deploy to real marketplace , it works so good that i am going to wonder if it got overfitting lol....

#link  #BTC  #copytrading

How you guys think of next generation chain ?

Will it be hight TPS chains like Solana / Aptos ?

Or more about ZK , Aleo ? (But privacy ... well , not likely acceptable to major exchange.)

May be Brc20 will rise again (?) And become a nice way for navie assert in BTC chain .

TON also seems great for Telegram as it's back .

So hard to make choice ......

#Write2Earn #ZK-proof #TON #Telegram #Solana-SOL

Comparing with tradition financal marketplace , Decentrilized financal & Crypto financal are actually more conservative .

Surprised you ? In fact , Most DeFi protocol are based on untrusted over-collateralized lending and pathetic mortgage rates . When liqudity keep healthy , most DeFi productions are having no much risk.

As for centralized financal services such as options and crypto lending products , are not strong enough and lack structure and composability currently.

Right , you can just open a 100x future in any exchange (even decentralized derivatives protocol, Like DYDX/GMX/GNS). But due to the lack of composability, it is basically useless and makes no difference to suicide in Las Vegas with Franklin inside ass .

However, more and more crypto structured products shows up . OKEX support seagull/snowball/sharkfin and other products about structured financal :

https://blog.bingx.com/insights/bingx-insights/all-you-need-to-know-about-defi-structured-products/

Recently , Binance also launched few newly products like : copytrading & trading-bot , which means binance are tring to build and focus on it's crypto structured products .

The approval of BTC-ETF.And the attention of ETH-ETF & XRP-ETF. More and more traditional finance moving into cryptocurrency. It means cryptocurrencies are more and more likely to be packaged into and be some part of traditional financial structured products. Also means that more and more crypto financial products will comes up.

Personally, I do think with the Binance’s mini-program, many structured financial products will appear on Binance in the short future.

Compared with simply buying and selling , or future , structured financial products will be the major products accepted by newly user .

With the incressing of BinancePay , perhaps in the near future will become a borderless encryption platform that integrated payment, staking , and structured financial.

Let's wait and see to binance structured financial products lol :) @Binance

#BTC-ETF #snowball #FinancialInstitutions #DeFiChallenge #BTC!💰

Airdrop is a nice way for defi project earning init user .

Also a good way for us to get some token in lowest cost .

Here are some confirmed web3 airdrop , inform me if it missed some other defi protocol that you know to be with airdrop :)

(image fork from twitter XD

#JUP #Airdrop #freemint #BTC

As a 800M monthly active users IM software . Telegram is one of the biggest gate of attention . Which also means a great group for crypto .
TON (The open network) , ill-fated since it born , And now had become a part of Telegram-Payment system . You can even found a webapp named *wallet* in the slide of latest telegram app which is base on TON network.
Currently TON have become one of the top 15th chain . With Telegram as it's great back , TON should have lot of defi dapp & gamefi . But the fact is , most of token in TON lack of liqudity and the slippage is really terrible when you try swap more than $1000 .
How to sloved that issue ? Well , persional speaking , i don't think TON have any TPS advantage comparing with other new blockchain like solana / aptos . Still , it have telegram as it's back . That makes me wonder what if the core of TON is not defi , but payment ? payment with stable coins & fiat . As we all know , online payment is one of the key of IM software (Like binance payment) . But currently only have few stable coins in TON , and all of them are lake of liqudity (sad stories) ...
https://aquaprotocolxyz.medium.com/the-state-of-stablecoins-on-ton-challenges-and-solutions-04cac425364d

Luckly , one of the top stable coin have just announce to support TON as it's native chain :
https://trueusd.medium.com/tusd-is-now-live-on-ton-c0bdab80f2c6

How do you think of this chain ? Is that any chance to be one of great chain for daily use ? for payment ? or for defi ? Please share your ideas .😘

Hold and profite , what a nice logic .
But what to hold ?
Bitcoin ? come on , 10x will be max to it .
Here's a idea , follow some new project which selected by binance MVB . If CV & Binance thinks it is value . Well , i suppose it is valueable .
BinanceMVB
#BTC🔥🔥 #Airdrop #MVB #100xcoin

Welcome to crypto .
Trading are rocks ,
Traders never ending . That's what we call Sisyphus .