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🥷 CBDC will replace Stablecoins

Ok, that’s not for sure. But it can be the case. At least the U.S. Treasury intends to replace private stablecoins with a central bank digital currency (CBDC) because it sees significant financial stability risks in the current stablecoin model — recent U.S. Treasury Report.

Stablecoin issuers like Tether have accumulated large holdings of U.S. Treasuries to back their digital currencies, and the Treasury is concerned that if a major stablecoin were to depeg or collapse — a "common occurrence" in recent years — it could trigger a rapid sell-off ("fire sale") of these Treasuries 🧨

On one hand, crypto enthusiasts are generally skeptical about CBDC, because it’s not decentralized. But one the other hand, is Tether decentralized? It is also controlled by a single issuer with questionable reserves, and it can even block USDT tokens on certain addresses on a request of authorities.

🌋 Anyways, the US plans for stablecoins will largely depend on the election results. The current report was published under the Democrats. Trump, on the contrary, opposes CBDCs and supports private stablecoins. So, let’s see.

Meanwhile, this is what we have for now on the crypto market:

🍀 Crypto market cap: ≈$2,36 T
🍀 BTC Dominance: ≈58.9%
🍀 Fear & Greed Index: 75 (Greed)

CBDCs are a very interesting topic. Let’s discuss it on Discord.

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👑 TOP-10 DeFi this week (October 23-30)

- The DeFi market has gone up, compensating for the decline of last week.
- While DeFi remains a volatile market on a daily and weekly basis, it is now one of the most stable sectors on a multi-month basis.
- However, this is far from the ATH. While Bitcoin breaks new ceilings, DeFi tokens are still nostalgic for 2021.

A good time for day trading.

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🔗 BlackRock Seeks to Strengthen Its Position in the Crypto Derivatives Market — Bloomberg

They want exchanges to use its BUIDL token as collateral for derivatives trading. Negotiations are already underway with several crypto exchanges. According to sources, the exchanges include Binance, OKX, and Deribit.

🌋 BlackRock is the world's largest investment company specializing in asset management and investments. To date, BlackRock manages more than $10 trillion in assets, which includes stocks, bonds, real estate funds, commodities, and other asset classes. Managing large stakes in the largest companies also allows them to influence them and have great economic and even political influence.

The company has already firmly entered the cryptocurrency market. It has cryptocurrency on its balance sheet, and also manages the largest Bitcoin ETF — $IBIT with a capitalization of more than $26 billion.

The introduction of its own token will give BlackRock even more influence in the crypto industry and entails the risks of centralization.

Let's hope that exchanges realize this and will not sacrifice their reputation 🤞

Meanwhile, this is what we have for now on the market:

🍀 Crypto market cap: ≈$2,31 T
🍀 BTC Dominance: ≈57.8%
🍀 Fear & Greed Index: 56 (Neutral)

What do you think, will BUILD be implemented or not? Join the discussion on Discord.

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🥷 Let’s play a game in the comments. You need to create a continuous chain of cryptocurrency names.

Find the last cryptocurrency in the comments and write the cryptocurrency that starts with the last letter of the previous comment.

For example: Bitcoin — Near — Render...

I'll start. WhiteSwaP.

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👑 TOP-10 DeFi this week (October 16-23)

- The DeFi market fell a bit this week, correcting the recent local pump.
- Jupiter (JUP) is a bright exception. In the last 7 days, it has grown by 17% after launching a new round of staking.
- But in general, the tokens have been trampling in place for the entire last month.

Will the consolidation drag on again for a whole year, as it was in 2022-2023?

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🥷 Hi. I wanted to ask: do you use backtesting? And have you ever used it? Or did you start trading right away, without a warm-up?

Backtesting in trading is checking the effectiveness of a trading strategy on historical data. Imagine that you came up with or saw a strategy that seems effective to you. Instead of risking your money, you can first "test" your strategy on past data, for example, how it would have worked over the past year. If the strategy would have made a profit on this data, this is a good sign 🤞

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👑 It's time to take stock of the week (October 11-18)

The State of Crypto Report 2024 is here, and it’s packed with insights. This is perhaps the largest piece of crypto stats this year, wrapped in infographics. We read it entirely and enjoyed it. So, here are some key insights.

🥷 Crypto Activity Soars
September 2024 hit 220 million monthly active crypto addresses — tripling since last year! Solana leads with 100 million, followed by NEAR, Base, and Bitcoin. Plus, 29 million mobile wallet users are driving global adoption, especially in Nigeria, India, and Argentina.

🥷 Crypto Enters the Political Spotlight
With elections approaching, crypto is now a hot topic in swing states like Pennsylvania and Wisconsin. The SEC’s approval of Bitcoin and Ethereum ETPs and bipartisan laws like the FIT21 Act are paving the way for clearer regulations and more investment opportunities.

🥷 Stablecoins Find Their Sweet Spot
Stablecoins saw $8.5 trillion in transactions and 1.1 billion transfers in Q2 2024. Fees for USDC dropped to $1 on Ethereum and less than a cent on Base, compared to $44 for international wires. They now make up 32% of daily crypto usage.

🥷 Infrastructure Upgrades Power Growth
Blockchain networks now handle 50x more transactions per second thanks to upgrades like Ethereum’s “Dencun” and Layer Two (L2) networks. Zero-Knowledge (ZK) proofs are cheaper and more efficient, boosting scalability and privacy.

🥷 DeFi Continues to Thrive
DeFi has over $169 billion locked in protocols, with DEXs handling 10% of spot trading. Since Ethereum’s switch to proof-of-stake, 29% of Ether is staked, enhancing security and sustainability.

Every year is better for the industry than the previous one. The number of users and addresses grows, fees are reduced, transactions are accelerated. More tokens and technological solutions appear. More and more businesses accept cryptocurrencies for payment.

So what difference does it make in the end how much Bitcoin costs? Right? Right???

Anyways, this is what we have for now on the market:

🍀 Crypto market cap: ≈$2,33 T
🍀 BTC Dominance: ≈57.7%
🍀 Fear & Greed Index: 73 (Greed)

What do you think about this? Let's discuss on Discord

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Vitalik Buterin has published two articles from the “Possible futures for the Ethereum protocol” series. And they are definitely worth your attention.

🔗 Part 1: The Merge
🔗 Part 2: The Surge

Here are some key points for those who don’t want to read the entire article:

⚡️ Ethereum's next goal is single-slot finality, reducing finalization time from 15 minutes to 12 seconds while enabling smaller validators to participate.
⚡️ One approach to achieving single-slot finality is "Orbit committees," which use a medium-sized validator committee to improve efficiency without sacrificing economic finality.
⚡️ Reducing Ethereum's staking minimum from 32 ETH to 1 ETH could democratize staking, increasing solo staker participation.
⚡️Single Secret Leader Election (SSLE) aims to prevent attackers from identifying block proposers in advance, reducing the risk of DoS attacks.
⚡️ Faster transaction confirmation, ideally reducing slot times to 4-8 seconds, could significantly improve the user experience and efficiency of both L1 and rollups.
⚡️ Ethereum is exploring further research areas like 51% attack recovery, increasing the quorum threshold for finality, and developing quantum-resistant cryptography for long-term security.
⚡️ The Surge aims to achieve over 100,000 transactions per second (TPS) across L1 and L2, while preserving decentralization and security.
⚡️ Data compression techniques, such as zero-byte compression and BLS signature aggregation, could further increase Ethereum's transaction throughput.
⚡️ Plasma systems and hybrid rollup-Plasma models can enhance scalability for high-volume, low-value applications.

But if you are interested in cryptocurrency (especially the technical part), we recommend reading the entire article when you have time. There is still a lot of interesting stuff there that cannot be contained in one post.

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👑 TOP-10 DeFi this week (October 9-16)

- The overall dynamics of the DeFi market this week are positive.
- However, this did not help the Trump family token (WLFI). The project managed to sell only 687 million tokens out of the planned 20 billion.
- But the Ethena (ENA) Governance token was luckier. It grew by 42% due to the influx of whale investments after successful offers.

Time to trade?

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🥷 Have you heard the news? Chinese scientists have managed to crack cryptographic algorithms using a quantum computer for the first time. What does this mean? Is there any reason to worry?

A quantum computer has been considered a potential threat to the crypto industry since its inception. But for a long time, these considerations were purely theoretical. But not anymore.

So far, Chinese researchers have made a breakthrough, but it is too early to panic. Quantum computers can become a threat to cryptography, as they are capable of cracking modern algorithms, such as AES-256. This can open access to private keys and crypto wallets. However, quantum attacks are still limited by technical factors and are not powerful enough to pose real threats ⚙️

Vitalik Buterin suggests solving the problem through a hard fork of blockchains, which will likely become the standard in the future. The main thing now is not to wait, but to prepare for the quantum era 🤞

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👑 It's time to take stock of the week (October 4-11)

The real Satoshi Nakamoto is finally revealed! Or not?

🌋 HBO just dropped a bombshell with their latest documentary Money Electric: The Bitcoin Mystery, where director Cullen Hoback claims to have solved one of the biggest mysteries of the internet age — who Satoshi Nakamoto really is. According to Hoback, it’s Peter Todd, a well-known Bitcoin core developer.

He had long been on the list of those the community suspected, so the film did not put forward a new theory, but only confirmed the guess.

🥷 Todd quickly denied the claims, accusing the film of being “irresponsible” and putting his safety at risk.

Todd stated, “For the record, I’m not Satoshi,” slamming Hoback’s documentary as conspiracy fodder and criticizing HBO for not offering him a chance to screen the film. Meanwhile, Hoback doubled down, asserting Todd’s reaction is proof enough and emphasizing that Todd had “every opportunity” to clarify his role.

On the other hand, what else could he say? Just confirm that he is the real Satoshi? Of course, he wouldn’t reveal himself so easily 🧐

Whether it’s a clever marketing move or genuine investigative journalism, one thing’s for sure: Bitcoin’s founding mythos just got a lot more intriguing.

Meanwhile, this is what we have on the market right now:

🍀 Crypto market cap: ≈$2,15 T
🍀 BTC Dominance: ≈56.6%
🍀 Fear & Greed Index: 32 (Fear)

So, do you think Peter is the Satoshi? Share your thoughts on Discord!!

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👑 TOP-10 DeFi this week (October 2-9)

- This week has been stable, with no significant fluctuations for most tokens.
- In addition to the tokens indicated in the picture, a slight shuffling was felt by: MKR (-7%), OM (+4%), JUP (-8%).
- This trend coincides with the general trend in crypto.

We'll see what happens next week. News from Stillman Digital and DeFi Technologies may yet bring more momentum.

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Can I buy Bitcoin on DEX?

🥷 Good question! Let me be straightforward in my answer. You can't buy Bitcoin directly on a decentralized exchange (DEX) like WhiteSwap because Bitcoin operates on its own blockchain, separate from Ethereum, Tron, or Polygon, which most DEXs use.

However, you can use wrapped tokens, specifically Wrapped Bitcoin (WBTC), to get exposure to Bitcoin on these platforms.
Wrapped tokens are versions of cryptocurrencies that run on blockchains different from their native ones. WBTC is essentially Bitcoin "wrapped" as an ERC-20 token, enabling you to trade, lend, or use it in DeFi protocols on Ethereum-based DEXs.

⚡️ And yes, we have Wrapped Bitcoin listed on WhiteSwap.

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👑 It's time to take stock of the week (September 27 — October 4)

Sometimes, major crypto news are not about the economy, but about politics.

🧨 The escalation of the conflict between Israel and Iran, although not having a direct impact on the market, has shaken cryptocurrencies greatly. And this trading psychology is even more interesting than it seems at first glance.

Even if those conflicts don't directly mess with crypto, uncertainty spreads like wildfire. Investors don’t like uncertainty; they panic. So they sell off assets, including crypto, to move into safer options like cash, gold, or government bonds.

The idea is to avoid risk when the world looks unstable. Crypto, despite all the talk of being decentralized or "safe from government control," is still influenced by the same trends. People pull their money out, thinking it's better to hold something that feels more secure until the dust settles.

Another thing to consider: when traditional markets (stocks, etc.) take a hit, that sentiment seeps into crypto too. Investors see a market drop somewhere and assume it's safer to sell off everything. It’s like a domino effect.

🌋 Escalations of political conflicts don't just cause panic — they also act as trading signals. When these events pop up, traders start betting on a market drop, selling off crypto in anticipation. The more people that sell, the bigger the drop, which ends up becoming a self-fulfilling prophecy. Traders expect markets to tank, so they make moves that actually cause the tanking.

So, if you want to be a successful trader and investor, you should follow all world news, not just crypto news 🤌

This is what we have for now on the market:
🍀 Crypto market cap: ≈$2,13 T
🍀 BTC Dominance: ≈56.9%
🍀 Fear & Greed Index: 41 (Fear)

So, what do you think about this? Let's discuss on Discord!

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🥷 Let’s talk oracles. No, not the mythical ones. I’m talking about the backbone of smart contracts — crypto oracles.

In DeFi, oracles are services that bring real-world data onto the blockchain, allowing smart contracts to interact with external information. Blockchains, by nature, are closed systems, meaning they can’t pull data from outside their networks on their own. Oracles fix that by serving as bridges between the blockchain and off-chain data sources.

🧐 For example, imagine a smart contract that automatically executes a trade when the price of Bitcoin hits a certain point. The blockchain doesn’t know the price of Bitcoin on its own.

Chainlink is a good example of oracles — it fetches the price from multiple sources, validates it, and feeds it into the blockchain. This ensures that your smart contract gets accurate data to trigger the trade. And this is what makes $LINK one of three most popular DeFi tokens.

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👑 TOP-10 DeFi this week (September 25 — October 2)

- DeFi season is postponed again. After the last bullish week, the market faced a correction and rolled back to previous levels.
- There are a few interesting exceptions: Mantra (+9.5%), Wormhole (+46%), and Conflux (+16%).
- It is also interesting that the trading volume in this sector has increased significantly, especially over the past 24 hours (+71%).

Considering that recent strategic investments have not yet been fully realized, there is a chance for further growth.

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#CryptoGame! Guess the cryptocurrency in the comments.

A liquid bridge to staking’s domain,
With ETH in pools, rewards you’ll gain.
Not locked, not tied, it flows with ease,
Decentralized control to please.

🥷 Drop your guess!

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Grayscale has published a table with the TOP-20 promising coins at the end of 2024 🧐

It includes six new assets: SUI, TAO, OP, HNT, CELO and UMA.
It also includes: BTC, ETH, SOL, TON, LINK, NEAR, UNI, STX, AAVE, AR, MKR, LDO, AKT and AERO.

Grayscale is a leading crypto asset manager, which is also doing research. Whether to trust this table is DYOR.

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👑 It's time to take stock of the week (September 20-27)

A lot of interesting things happened this week. It is difficult to choose one main topic, so let's discuss three at once.

🌋 Hamster tappers got their tokens. The most popular crypto clicker of the last few months airdropped players their long-awaited tokens, completing the first stage of the project. Many were disappointed. Even top players received hundreds of dollars instead of thousands, and ordinary hamsters received much less. Many did not receive anything, as their account was blocked for cheating.

Hamster turned out to be much less generous than Notcoin. But the good news is that the Pocket Rocket airdrop is still ahead, and you can earn your crystals in time before the listing.

🌋 DeFi partnerships and investments. Deus X Capital boosted the DeFi market by launching Solstice Labs, set to debut a Solana-based project with over $100 million in locked value in early 2025. They also introduced Cor Prime, a digital asset prime broker backed by $100 million in risk capital, pending regulatory approval. Under CEO Tim Grant, Deus X expanded its ecosystem with ventures like Alpha Lab 40 and a $250 million partnership with Bridgetower Capital for the Middle East crypto platform.

These strategic investments are probably the reason why DeFi market was doing so well this week.

🌋 PlanB scandal. Crypto influencer PlanB with almost 2 million subscribers in X has published another optimistic forecast. According to his vision, Bitcoin will reach $100,000 this November and will reach $1,000,000 next summer amid Trump's victory and the creation of cryptocurrency reserves by the United States and other countries.

In response to this, another crypto blogger Tim (@Tim_4444) replied that he knows people who know PlanB personally. “He is actually a total loser that lost most of his money going too heavy on leverage last bullmarket, lives in a small house, and is a sad man… The only reason he is putting out these insane tweets is that he actually needs this to financially survive,” — he writes.

Meanwhile, this is what we have on the market right now:

🍀 Crypto market cap: ≈$2,4 T
🍀 BTC Dominance: ≈56.3%
🍀 Fear & Greed Index: 61 (Greed)

So, what do you think about PlanB? Let's discuss on Discord!

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👑 TOP-10 DeFi this week (September 18-25)

- As you can see, the market is growing rapidly, making up for the losses of the past months.
- The driving reason is probably the entry of institutional investors that can boost market liquidity and confidence.
- Overall optimism in the cryptocurrency markets can lead to increased investment in DeFi projects.

This Friday, we'll discuss exactly which projects and partnerships are pushing crypto up this week 🥷

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🥷 Hi. Listen, there is one way for experienced traders to earn money on cryptocurrency trading right away, without even waiting for tokens to rise or fall — simply by using the difference in prices on different exchanges. And this method is crypto arbitrage.

It is especially relevant on DEX. If you regularly monitor prices on different platforms, you may find that the same token can cost differently. For example, LINK is cheaper on WhiteSwap and more expensive on Uniswap. Then, you can buy it in one place and immediately sell it more profitably in another.

More complex combinations can include two or more pairs. For example, USDT-LINK — LINK-ETH — ETH-USDT. But it is important that the difference covers the exchange commission and gas.

So you not only earn money yourself, but also work for the benefit of the market, leveling market prices and making them fairer 🤌

🍀 Regularly check prices on ws.exchange and compare them with other platforms so as not to miss an arbitrage opportunity. No thanks.

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👑 It's time to take stock of the week (September 13-20)

Token2049 Singapore is over. It’s time for highlights! With over 30,000 attendees, it was a powerhouse of ideas, deals, and tech innovations.

🥷 Vitalik Buterin’s Ethereum Song. Vitalik introduced lower fees, faster transactions, and a firm stance on keeping decentralization at its core were the main takeaways. Although, many remembered his song more.
🥷 Bitget and LaLiga Team Up. Crypto and football continue to merge as Bitget announced its partnership with LaLiga.
🥷 Solana’s Next-Gen Web3 Smartphone. Solana Mobile introduced the “Seeker,” their latest Web3 smartphone, set to release in 2025. Previous models were very popular, largely due to the massive airdrop for phone users. Let's see if they repeat this move.
🥷 CertiK’s Free Security Tools. Blockchain security firm CertiK launched free tools to help users check the safety of tokens and wallets. This might change the game, especially with scams still plaguing the space.

The event connected different fields — blockchain, AI, sports, and more — showing that crypto is no longer a niche topic. It’s making waves in finance, entertainment, and even everyday tech like smartphones.

By the way, right during the conference, crypto went up sharply for the first time in several weeks.
Here’s what we have for now:

🍀 Crypto market cap: ≈$2,2 T
🍀 BTC Dominance: ≈56.9%
🍀 Fear & Greed Index: 54 (Neutral)

🥷 Surely some of our subscribers were at this event too. Let's discuss the highlights all together on Discord!

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“We need to satisfy the needs of mainstream adoption, and we need to hold on to open source and decentralization values, at the same time.” — Vitalik Buterin at Token2049 in Singapore.

Vitalik emphasized that we have already passed the stage when cryptocurrency was a revolution and a rarity. Today, it is already accepted quite widely. But the main problem now is that we use them through centralized services instead of using decentralized technologies (such as DEXs).

Conclusion? Choose decentralization. Trade on WhiteSwap!

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👑 TOP-10 DeFi this week (September 11-18)

- Most tokens have lost a little in price this week. But there are a few exceptions.
- Fantom (FTM) has grown due to a technical breakout upwards, caused by growing investor interest amid expectations of the Sonic Upgrade.
- Nervos Network (CKB) is a new guest on Olympus. Over the week, the token has grown by 93% and entered the TOP-20 DeFi amid the listing on Upbit.

Let’s see if these two tokens will be able to retain investor interest when the greed passes?

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🥷 Hi! If you traded on DEX (I hope you did), you may noticed a parameter called "slippage tolerance". Let me explain what it is.

Slippage tolerance is a setting you choose when trading on a decentralized exchange. It tells the system how much of a price change you are willing to accept between starting a trade and it being completed. Crypto prices can change quickly, so the final price might differ from the one you saw first.

🧐 For example, you want to swap 1 Ether (ETH) for 2000 USDT per ETH. You set your slippage tolerance to 1%. This means you're okay if the price drops to as low as 1,980 USDT per ETH (which is 1% less than 2,000). If the price falls more than that before your trade goes through, the trade will cancel. This helps protect you from big price changes while your trade is being processed.

⚙️ On WhiteSwap, you can set a slippage tolerance manually. By default, it is set to 0.5%.

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👑 It's time to take stock of the week (September 6-13)

A recent statement by Vitalik Buterin went unnoticed by many, but it shouldn't have. This week, he announced a change in his approach to mentioning L2 solutions. For those who closely follow the development of the Ethereum ecosystem, this event could be a turning point.

Context of the News:

Vitalik Buterin, co-founder of Ethereum, announced that starting next year he will publicly talk only about projects at "Stage 1+." This means that to make significant changes to a project, a 75% consensus in the council is required, with at least 26% of the council members not being part of the development team.
He also noted that he will not make exceptions, even if he has invested in the project or has personal connections with its participants.

Consequences for Ethereum and L2 Solutions:

⚡️ Raising standards of security and decentralization. The requirement for a higher level of consensus and independence of the council is aimed at strengthening trust in L2 solutions. This could stimulate projects to accelerate the transition from simple multisig systems to more reliable cryptographic mechanisms.
⚡️ Competitive pressure on existing projects. Teams that do not reach Stage 1+ risk losing support not only from Buterin but also from the community as a whole. This could lead to a redistribution of investments in favor of more advanced solutions.
⚡️ Impact on the Ethereum Ecosystem. Strengthening L2 solutions that meet high requirements can increase the overall throughput and efficiency of the Ethereum network.

This is a bold step from Buterin, which was necessary. There have indeed become too many L2 solutions. Now their abundance has become a problem in itself. Buterin's decision is a signal for investors to reassess their portfolios and carefully analyze projects for compliance with the new standards.

Here's what we have as of today on the crypto market:

🍀 Crypto market cap: ≈$2,05 T
🍀 BTC Dominance: ≈56.2%
🍀 Fear & Greed Index: 32 (Fear)

🥷 So, what do you think about Layer 2? Will current L2 projects be able to adapt to these new requirements? Which of them, in your opinion, are most ready to transition to "Stage 1+" and why? Join us on Discord, let's discuss.

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🥷 Fun crypto fact: Bitcoin is owned by the governments

Known Bitcoin reserves held by governments account for 2.7% of the total 21 million supply of bitcoins, with the largest being the US Government with over 210,000 BTCs worth more than $12 billion.

But of course, this is a very small share compared to the fact that fiat currencies are 100% controlled by governments and banks.

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