๐ŸYour weekly blockchain buzz

Fresh source for tips, news, and hot takes in the crypto world

Author

buidlbee make it with crypto
September 25, 2024

Hey there, crypto crusaders! ๐Ÿ‘‹ Welcome back to another edition of the buidlbee newsletter, bringing you the freshest insights and updates from the ever-evolving blockchain landscape. Whether you're a seasoned trader or a curious newcomer, we've got something for everyone. And here we go:

  • ๐Ÿ’ณ Visa's big move into tokenized assets 

  • ๐Ÿ†“ Binance's fee-free frenzy 

  • ๐Ÿช™ Bitcoin's dramatic prediction 

  • ๐Ÿ” Crypto scandal sentencing 

  • โ€ผ๏ธ OpenAI's X troubles 

  • ๐Ÿ”‘ Upcoming crypto calendar 

  • ๐Ÿ’ต Hot portfolio ideas

๐Ÿ’ณ Visa will help banks test transactions with tokenized assets and smart contracts.

Visa plans to launch the Visa Tokenized Asset Platform (VTAP) pilot on Ethereum in 2025.

๐Ÿ†“ Binance cancels some fees 

Binance is canceling USDT, USDC, and FDUSD withdrawal fees on BNB Smart Chain and opBNB Chain until October 19.

๐Ÿช™ Bitcoinะฐ forecast: possible scenario for 2024-2027

Crypto analyst PlanB has proposed an intriguing scenario for Bitcoin's price development over the next few years, which could significantly impact the digital asset market. He suggests by December 2025 a massive FOMO could push Bitcoin to an all-time high of $1,000,000.

๐Ÿ” Ex-CEO of Alameda Research sentenced to 2 years 

On September 24, a federal judge in Manhattan sentenced Caroline Ellison, the former head of Alameda Research, the FTX hedge fund, to 2 years in prison and $11 billion in forfeiture. The judge recognized that she played a significant role in the theft of $8 billion in client funds from the FTX crypto exchange, which was founded by her ex-boyfriend Sam Bankman-Fried. Allison was facing a total of up to 110 years in prison. But now she may even be released a few months earlier if she shows good behavior in prison.

โ€ผ๏ธ OpenAI account hacked to advertise fake token

On the evening of September 23, the official OpenAI account on the social network X (formerly Twitter) was hacked. The fraudsters did this to post a message about a $OPENAI token on the ChatGPT developers' page. The hackers called for the purchase of this fake coin on behalf of OpenAI. As a result, if the user clicked on the link, he or she was redirected to a phishing site with the URL โ€œtoken-openai.comโ€, which required a cryptocurrency wallet connection. Then, most likely, confidential data was stolen.

๐Ÿ”‘ Key crypto market highlights (September 25-October 2)

๐Ÿ’ต Ideas

๐Ÿ‘‰ [1] STEPN GO x Adidas giveaway

STEPN GO teamed up again with Adidas to make a new collection of 1000 sneakers. The sneakers will be distributed through a giveaway, which requires holding 10K $GMT tokens (~$1600) to participate (refunded if not winning). The event is being held on Mooar's NFT Marketplace. There will be a total of 996 winners, 1 ticket per 1 wallet. So far ~3500 tickets have been purchased. Deadline: September 30, 08:00 UTC.

What to do?

  • Withdraw the required amount of GMT to a Solana wallet;

  • Connect the wallet on the site and go to the page;

  • Click Pay with GMT and buy the desired number of tickets.

๐Ÿ‘‰ [2] Altcoins season is coming?

According to Crypto_alphabitโ€™s technical analysis, there is a significant resistance point for Bitcoin dominance, a reversal is likely imminent. If this occurs, it suggests several key implications for the market: with Bitcoin potentially hitting a peak, altcoins are positioned at low price levels, which often indicates a ripe opportunity for growth. 

Historically, after Bitcoin reaches a resistance level and shows signs of reversal, altcoins tend to surge as investors seek diversification beyond Bitcoin. 

Expert suggests to investments into altcoins rather than Bitcoin, which could face downward pressure following any sell-off.

*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 directions.

๐Ÿ‘‰ [3] Season 3 of Mint's Expedition 

The Mint ecosystem has shown a big influx in daily transactions (~200,000) and volume on the network. This has been made possible by an influx of new users, collaborations with other projects and Web3 developers. 

Now, the third season of Mint Expedition was launched. All seasons of the campaign have been allocated 12% of the total $MINT token supply. Season 3 deadline: October 17.

To participate: 

  • Connect your wallet to the website;

  • Complete all available tasks from all zones;

  • Invite friends.

๐Ÿš€ That's all for this week's crypto roundup! Remember, the world of digital assets is always evolving, so stay informed and DYOR (Do Your Own Research) before making any moves. Until next time, keep HODLing and may your portfolios always be in the green! ๐Ÿ’ฐ

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