Since the HMSTR token listing is coming up on September 26, let's see what's going on with the tokens.
• 131 million users out of 300 million are eligible for the drop. 2.3 million users were blocked for fraud.
• Total supply is 100 billion HMSTR, of which 75% is allocated to the community.
• 60% of tokens will be distributed in the first season. The remaining 15% will go to the second season.
• At the listing, users will receive only 88.75% of their tokens. The remaining 11.25% will be blocked for 10 months.
• On the OKX premarket, the price for an HMSTR token is $0.0087. At this price, MC = $522 million and FDV ~ $870 million.
Does the token have potential? Yes, since the project has gained cosmic momentum.
Is it profitable to farm the second season? Rather no than yes, since there are much fewer tokens allocated, although the number of users will also decrease.
The moral of this story is that you shouldn't have tapped the hamster
1. Parkinson's Law. If you have a task but no clear deadline, you waste 90% of your time. To get things done faster, assign a "due date" to the project. And give yourself a little less time than you actually need. Understand and use the power of deadlines. 2. Occam's Razor Paradox. More often than not, the right solution is the simplest one. The explanation too. And if something seems complicated, always remember that in reality the subject is simpler, and you are just looking “in the wrong place.” Change your approach.
U.S. Inflation Accelerated. Bitcoin Returned to $100,000.
As of the end of November, annual inflation in the U.S. was 2.7%, compared to 2.6% a month ago. The figure matched market expectations of 2.7%. On a monthly basis, the consumer price index rose by 0.3%, compared to 0.2% in October. The consensus forecast suggested an increase of 0.3%. The index excluding food and energy prices rose by 0.3% compared to the previous month and by 3.3% year-on-year to November of last year. In the previous report, the values were 0.3% and 3.3%, respectively. Analysts expected the pace of October to be maintained.
What is known about the US states that are considering creating strategic reserves in BTC:
• Florida is preparing to create a strategic Bitcoin reserve by 2025 - the state has already invested $800 million in crypto assets through a pension fund.
• Pennsylvania has put forward a bill allowing up to 10% of state funds to be invested in BTC.
• Texas has introduced a bill to create a strategic reserve in BTC.
• Wyoming, a pioneer in the field of crypto regulation, is considering introducing a strategic reserve - the state has already created a legislative framework for crypto companies and the protection of digital assets.
• Arizona is actively discussing the idea of reserving funds in BTC - legislators see Bitcoin as a tool for long-term protection of public funds.
South Dakota, Oklahoma, Tennessee, Kentucky and Alabama are actively discussing similar initiatives and are also collaborating with organizations such as the Satoshi Action Fund to prepare a legislative framework.
In my opinion, the current purchases are not in our favor in terms of R/R. It would be worth considering whether you have a fixed profit for a possible buyback in the future.
Bitcoin is showing weakness. Each time it breaks the 100k level, it is met with selling volume and falls back below this mark. Someone is clearly unloading their bags, and the buy pressure above 100 is currently insufficient to meet this supply. Additionally, a fake out of the previous high has formed, which is not a good sign.
Ethereum is on the rise, and Layer 2 solutions continue to push it forward. More and more people understand that the Ethereum network is not just about cryptocurrency, but about a whole ecosystem of DeFi, NFTs, and other technologies that are changing the financial world. However, the main problem of the network for a long time has been its scalability. High fees, slow transactions - all of this deterred users, especially when the market was overloaded. And this is where Layer 2 solutions come into play.
In simple terms, MiCA is the European regulation of the cryptocurrency market. At the moment, their innovations concern stablecoins that do not meet the requirements: USDT, PAX, PYUSD, GUSD, GYEN and DAI.
The restrictions will come into force on December 13 and will only apply to European customers of Coinbase Europe Limited and Coinbase Germany GmbH.
USDC is fine, since Circle has already received a license and will continue to trade on Coinbase.
Tether has not done this yet, but it still can, since the deadline for obtaining permission is December 13.
Coinbase recommends converting unlicensed stablecoins to USDC or EURC before the restrictions come into force.
It is unclear whether Tether will make concessions and agree to EU rules in order to get a license. One of the requirements for issuers is to keep at least 60% of reserves in EU banks, which may be an obstacle.
It's worth considering a transfer to USDC, but it's definitely too early to bury USDT
Romania used blockchain to count votes in the presidential elections
The country's electoral authority, Romania Autoritatea Electorală Permanentă (ROAP), used blockchain in the first round of the presidential elections held on November 24. ROAP created a dashboard where Romanian voters could join the European Blockchain Services Infrastructure (EBSI) and track election results in real time.
Does even CZ hint that we are entering that very phase?
Most likely, the alt-season has already begun. And it started in the standard mechanics with old forgotten projects (dinosaurs), where among holders in most cases either the project itself and its market makers, or holders who got stuck from 2017 and 2021.
It's always easier to pump where there is no crowd. Few will make money from this, and most likely, during FOMO, people will rush to buy these same assets at a high. Meanwhile, liquidity will flow into other projects.
The phase begins when money quickly flows through the market. While you are analyzing some project and looking for tokens among the dinosaurs, L1 blockchains will already start to shoot, and so on in circles.
So don't try to "outplay" the market. Liquidity moves very quickly in such phases, and while you have time to think — the market has already acted. Just sit in your assets and wait for pumps, and then don’t forget to take profits in parts.
"A Brief History of Money, or Everything You Need to Know About Bitcoin" by Saifedean Ammous – an introductory book about the transformation of money and solving global economic problems.
"One Good Trade" by Mike Bellafiore – advice from an author who studied trading for 12 years. Hidden information about the highly competitive world of speculators.
"The Trading Game: Practical Guide for Beginners" by Brett Steenbarger – if you want to understand where to start and how to set up trading, this book is for you.
"How to Play and Win on the Stock Exchange" by Alexander Elder – a read about strategies, market analysis, and importantly, his psychology. It’s not enough to just have a plan; it’s important to be emotionally resilient.
"The Way of the Turtles" by Curtis Faith – an experiment by investor Richard Dennis, who turned 13 beginners into high-quality traders.
South Korean authorities have confirmed that North Korean hacker groups Lazarus and Andariel were behind the 2019 Upbit hack, which resulted in the theft of 342,000 Ether, valued at $50 million at the time and now worth over $1.1 billion.