🙏 FTX back from the crypto grave?

Greetings, crypto enthusiasts. Are you ready for today's newsletter curated by the buidlbee team? Join us as we dive into the latest updates, emerging trends, and invaluable insights within the world of digital assets. Here's what awaits you in our upcoming edition:

• Binance’s problems are growing worldwide.

• Magic outside of Hogwarts: How to make 💰 on airdrops?

• Do you believe in miracles? Solana's possible rise.

• No way. Rumors of a FTX reboot and the return of user funds.

Stay ahead of the curve in the fast-paced world of crypto. Get up to speed with the latest developments:

• KuCoin will introduce mandatory KYC for all users

• Revolut announced a reduction in cryptocurrency trading fees

• Coinbase added the Helium token to the listing roadmap

• Abyss World and Mobius are switching from Sui to Polygon and Layer Zero

• The final decision on the launch of the digital euro will be taken in the fall

• DYDX announces the launch date of its blockchain testnet

Overall market picture

This chart shows that little physical BTC volume is on the move right now; in other words, most economic agents prefer a wait-and-see strategy, or HODL. But the current actions of players predict that the liquidity picture may soon change in the second half of the year.

Analysts' main talking points for today are:

• Spot trading volume remains low, and liquidity in the BTC markets is low. Only 2.7% of supply has moved in the last week. 7% of market supply has moved in the last month.

• Uncertainty is high due to tighter regulation.

• With new institutions coming in, registering ETFs, and launching new exchanges for institutions, the liquidity picture could change dramatically due to new money being raised and fundamentally new instruments entering the crypto market.

How the airdrop economy works

A recent study by X-explore talks about the earnings of airdrop hunters who actively participate in the world of airdrops.

• Studying the data, the researchers at X-explore found as many as 34,547 addresses of standard airdrop hunters. Their income averages $9,384 per address.

• Moreover, the average income from airdrop per address is $6,497, indicating that each airdrop hunter's address brings him a decent profit.

• Most interesting, however, are the results of a study on premium airdrop hunters. X-explore found 932 addresses of such hunters who have access to more exclusive and high-paying airdrops.

• The average income of premium hunters per address is impressive at about $18,935. That's twice as much as the income of standard hunters.

As you can see by the numbers, this is real money and real business. So don't skip the drops we often give in the Ideas section. A small amount of time can reward you very well.

The attack on Binance continues

Binance's application for a German license was rejected by the German Federal Financial Supervisory Authority (BAFIN).

Over the past month, Binance has pulled out of the Netherlands, Cyprus, the UK, France, Belgium, and Austria. In Australia, the exchange had its bank accounts blocked without warning, leaving nearly a million of its customers in that country without the ability to withdraw capital.

Binance's market share continues to decline rapidly.

💲 Ideas

[1] 🔔 Copytrade for Binance

Despite problems with the exchange, Binance continues to actively fund projects selected by its expert group. This time, the choice fell on Maverick Protocol. Now Binance not only partially finances the project, but also lists the project's token, #MAV, on the exchange.

If you are interested in the expertise of the exchange, you can take a closer look. However, it is worth noting right away that such projects can only be considered from a long-term perspective.

[2] 🔔 Solana's miraculous rise

The asset has clearly not had much luck lately. The connection with FTX, SEC recognition as a security, bugs in the ecosystem, and other difficulties affected the growth of the token. However, the creators are still holding on and fighting for the project's existence, and probably not for nothing.

As it became known, the FTX exchange may be relaunched in the next six months, and the Solana blockchain may be rewritten to meet the requirements of the regulator. The question that arises is whether or not this will affect Solana's takeoff.

According to P_S_trade's technical analysis, such an outcome is feasible, especially if “there is a positive news backdrop.” According to the expert, if “a miracle happens,” the mid-term target is $50 per coin. Well, let's wait.

*Any technical analysis in the long run cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all direction

[3] 🔔 FTX’s comeback

The notorious exchange may soon be rebooted. Relevant information began to arrive immediately with the news that the platform's management returned $7B in liquid funds. This is an amount that could cover most of the exchange's customer liabilities.

Amid such news, the value of FTT, a native token, is showing growth. The coin is up 15% in the last 24 hours. Let's find out what to do if you had 💰 lying around on FTX.

• The official website for FTX liquidation;

• Search Docket Cases 1730—1750 with information about all users;

• Download a PDF of all customers (CTRL + F);

• Search your number, which came in the mail from [email protected].

Funds will be harder to recover if your account falls into one of the following categories:

• Contingent — accounts with blocked tokens and suspicious activity;

• Unliquidated — an unliquidated debt;

• Disputed — disputed debt.

Hope you didn't fall into one of them. Good luck.

As we say our temporary goodbyes, keep your curiosity piqued and stay engaged with the fascinating world of digital assets. Don't miss out on future editions, where we'll continue to explore and embrace this dynamic landscape together. Bye-bye.

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