The digest with the results of February 22 was prepared jointly with the guys from Moni… If speed is important to you, you can read the news in Live mode in our Telegram channel, and if you want to keep your finger on the pulse, subscribe to the email newsletter and receive digests directly to your mail.
Time to reach $ 1 trillion market cap:
- Microsoft: 44 years old
- Apple: 42
- Amazon: 24 years
- Google: 21 years
- Bitcoin: 12 years
Long-awaited correction
There is a correction in the market, most of the alts have lost more than 15% in value, bitcoin has lost about 10% and at the moment dropped below $ 48 thousand.
New record for liquidations!
Today was eliminated of long positions for $ 3.5 billion, with $ 1.5 billion only on Binance.
Loss of Trust in Tether Could Shock BTC Liquidity
JPMorgan wrote in their report that the risk of a “sudden loss of confidence” in USDT threatens Bitcoin.
Analysts estimate that 50-60% of trading since 2019 has been paired with USDT. Thus, USDT carries a tail risk for the crypto market. Analysts note that Tether insists on backing USDT with traditional currencies and its equivalents, “but is known for not providing an independent audit and has stated in court documents that it should not support full collateral.”
“So, in the event of any issues that could affect the willingness or ability of investors to use USDT, the most likely scenario would be a massive liquidity shock for the broader crypto market.”, – the report says.
Overall, JPMorgan analysts call Bitcoin a “minor” phenomenon in the economy, but recognize its role as an “alternative” currency.
The NFT Bible: Everything You Need to Know About NFT
OpenSea wrote a very cool article on NFT and thanks to @gryazin we were able to translate it for you.
History, standards, concepts, myths and the NFT market.
DeFi loans secured by NFT
Another project on the radar and an interesting uscase for NFT tokens is Stater.co. It is an open-source P2P platform that allows you to receive crypto secured by your NFTs.
The chat says that there will be an IDO next month. ICOdrops says they plan to raise $ 500,000 for 20% of STR tokens.
More information about the project here and here. Let’s see, now everything about NFT is a hot topic.
Long time no see!
(BlockchainUA in Kiev on March 26)
In a month, Kiev will host the ninth international BlockchainUA conference, which, of course, we will also be happy to attend. Read more about the conference in the press release on our website.
Headline:
- Binance is launching REEF / USDT, RVN / USDT and SFP / USDT perpetual futures contracts with up to 25x leverage.
