Best crypto memes of the day – August 28th

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• Nearly all crypto trading volume is handled by 8 exchanges

  TL;DR Breakdown A market analysis by Kaiko shows that 8 global crypto exchanges manage most of the trading for investors. Binance controls 30% of the crypto market depth and 60% of the trade volume in 2023. August registered the lowest trading volumes. The total monthly volume of the spot and derivatives plummeted to $2.09 trillion, recording a staggering decrease of 11.5%.  Description Liquidity in dynamic crypto markets is ultra-concentrated, even more so over time, as only a handful of crypto exchanges have emerged as dominant forces holding most of the market’s liquidity.  As per the recent analysis on Kaiko, 8 exchanges hold the lion’s share of the trading volume and market depth. Market Makers are progressively supplying … Read more Liquidity in dynamic crypto markets is ultra-concentrated, even more so over time, as only a handful of crypto exchanges have emerged as dominant forces holding most of the market’s liquidity.  As per the recent analysis on Kaiko, 8 exchanges hold the lion’s share of the trading volume and market depth. Market Makers are progressively supplying liquidity at a tight range…

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• UK court grants appeal to Craig Wright in landmark Bitcoin copyright lawsuit

  TL;DR Breakdown The UK courts have allowed an appeal from Craig Wright, who claims to be the creator of Bitcoin, to contest the copyright claim of the Bitcoin whitepaper in the UK. The appeal decision is crucial as it could determine if Wright’s claim of being Nakamoto and holding the Bitcoin copyright is valid. The case has sparked debates within the crypto community, with many doubting Wright’s claim and questioning the true identity of Nakamoto. Description The self-proclaimed inventor of Bitcoin, Craig Wright, was granted permission to appeal to the courts in the United Kingdom, which is a significant move in the continuing legal struggle over the ownership rights to Bitcoin.  The decision opens the door for Craig Wright to challenge the Bitcoin copyright claim in the United Kingdom. UK court … Read more The self-proclaimed inventor of Bitcoin, Craig Wright, was granted permission to appeal to the courts in the United Kingdom, which is a significant move in the continuing legal struggle over the ownership rights to Bitcoin.  The decision opens the door for Craig Wright to challenge the…

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• eToro Temporarily Halts ALGO, MANA, MATIC, and DASH Purchases for US Customers 

  TL;DR Breakdown Retail trading platform eToro has temporarily halted purchases of ALGO, MANA, MATIC, and DASH for its US customers in response to SEC lawsuits designating these cryptocurrencies as securities. The platform remains supportive of the crypto sector and is proactively addressing regulatory uncertainties, emphasizing collaboration with regulators to shape the future of the industry. Leading retail trading platform eToro has announced a temporary halt on the purchase of four cryptocurrencies, Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH), for its customers in the United States. The decision comes in response to recent lawsuits by the United States Securities and Exchange Commission (SEC) that label these tokens as securities. eToro emphasizes that it remains a supporter of the crypto sector but is taking precautionary measures to ensure compliance with evolving regulatory requirements. Contents hide 1 eToro Reacts to Regulatory Uncertainty, Halts Support for ALGO, MANA, MATIC, and DASH 2 eToro’s Commitment to Diversified Asset Classes and Collaboration with Regulators 3 eToro’s Previous Actions in Response to Regulatory Challenges 4 Conclusion eToro Reacts to Regulatory Uncertainty, Halts Support for ALGO,…

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• Trading tips crypto investors can learn from WallStreet traders

  TL;DR Breakdown Crypto is a new industry that can learn trading from traditional finance entities like WallStreet. Crypto investments are at an all-time high considering the start of the bull run. Here are some tips on how to run finance in crypto Crypto investment has seen an unprecedented surge in popularity over the past decade. As digital assets gain traction, investors are seeking ways to navigate this volatile market successfully. Interestingly, there are valuable trading tips that crypto investors can learn from experienced WallStreet traders.  By understanding the strategies employed by these financial experts, crypto investors can enhance their investment acumen and increase their chances of success. Contents hide 1 Pay trading attention – Learn how to make money in crypto 1.1 1. Establish a solid foundation 2 2. Analyze market trends 2.1 3. Risk management is key 2.2 4. Stay abreast of news and events 2.3 5. Patience and discipline 2.4 6. Learn from mistakes and adapt 3 FAQs: Answering Common Questions About Crypto Investment Pay trading attention – Learn how to make money in crypto Trading tips can…

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• Binance: All Ethereum rollups are centralized

  TL;DR Breakdown Binance claims all Ethereum L2 rollups are centralized due to the use of sequencers. Sequencers are entities that order transactions into groups before they are sent to the parent Layer-1 (Ethereum). While sequencers improve user experience by reducing fees and speeding up transactions, they are a centralized solution. Description In the expanding realm of cryptocurrency, decentralization is the battle cry, yet there’s a startling reality surfacing. Binance’s latest revelations confirm that all major Ethereum L2 rollups are, in fact, centralized. A blow to the idealistic world of blockchain? Let’s dive in. The Illusion of Decentralization Ethereum’s L2 rollup ecosystem had us all fooled. Or … Read more In the expanding realm of cryptocurrency, decentralization is the battle cry, yet there’s a startling reality surfacing. Binance’s latest revelations confirm that all major Ethereum L2 rollups are, in fact, centralized. A blow to the idealistic world of blockchain? Let’s dive in. The Illusion of Decentralization Ethereum’s L2 rollup ecosystem had us all fooled. Or did it simply follow the path of convenience? At the heart of this are ‘sequencers’. These…

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