IKONIC will allow fans to own and share the finest moments in esports history and will give fast-growing multimillion-dollar esports events and businesses a new way to connect with their audience.
Video clips of the most insane and spectacular gaming feats will be easily mintable into NFTs with just a couple of clicks. And with a click or two more, they will be listed and ready to trade on IKONIC’s marketplace.
#IKONIC #CRYPTO #BSC #BINANCE #BITCOIN
The innovative NFT event will take place in Latin America and soon travel around the world, showcasing a new way of thinking and conceiving art.
A true artistic revolution is approaching through Vibrant, an event that provides a unique experience with NFTs front and center of impressive exhibitions. Closely linked to the revolution of NFTs erupting as artistic pieces, Vibrant’s novel concept of art has surprised and inspired the community.
Vibrant’s debut will be symbolically held at an Argentinian museum, merging architecture of old with contemporary digital art concepts. The space will be technically enhanced in various ways, including mapping, lighting, screens and immersive experiences.
Paintings from the turn of the 20th century will be juxtaposed with NFTs that have their sights set on a new skyline. Past and future I’m will be intertwined into a harmonious coexistence of both visions, resulting in a new artistic phenomenon.
#nft #crypto #metaverse #blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #vibrant
1) A Review of rUSD Following Recent Events
The recent LUNA/UST collapse was highly unfortunate for DeFi investors and users. In light of this event, it is important for users to understand that rUSD, which is overcollateralized, does not contain any of the same risks faced by UST.
rUSD is minted using a wide range of collateral, including BTC, ETH, BNB, CAKE, RAMP and more. In times of stress, and using liquidations where necessary, the RAMP protocol has since inception, ensured that rUSD remains fully collateralized in value.
Going forward, we expect the general environment to remain challenging for collateralized stablecoins, due to (i) increased risks for LPs as a result of highly imbalanced liquidity pools, (ii) constant LP reward emissions in the face of a market contraction and (iii) growing regulatory scrutiny by global governments.
The transition of RAMP to Lever Finance is expected to play a positive role in mitigating these headwinds for the protocol, team and community.
Notwithstanding the broad market fluctuations, Galaxia Labs’ focus on driving financial innovation and building new user-centric products has not changed. Funding has been secured with sufficient project runway to get through the next few Bitcoin halvings, bull and bear markets, and beyond.
Galaxia Labs team reaffirms out commitment to build and develop innovative solutions for the Web3 community, starting with Lever Finance, and will subsequently expand to include Web3 infrastructure, user tools, NFTs, GameFi and SocialFi.
We believe that our unwavering focus to build, even in the midst of market contractions, will eventually bear fruit once macro conditions inevitably recover.
Subject to future market conditions, new products may be launched as token projects or simply as fee-generating utility solutions (non-token), with value to be accrued towards token holders in the form of airdrops, token buybacks, incentives and more.
As we have received questions around the development progress of LeverFi, we are providing a quick development update for the community.
The main LeverFi Github repository was started in April 2022 following the closure of community voting, and have received steady commits since inception.
Github repositories are set as “Private” and not visible to public users, and will only be set to “Public” after code audits have been completed by reputable auditors.
Indicatively, the LeverFi smart contracts remain on track for a late June code audit with auditors, as provided in the Transition Timeline article.
The RAMP to LEVER token swap proposal has been submitted Binance, and is currently under review.
Note that the outcome is still subject to Binance’s evaluation and agreement, and is not yet confirmed as at time of writing this article.
The code for the LEVER token contract and token swap contract have been completed and audited by Peckshield. These audits are publicly available in Github: https://github.com/LeverFi/leverfi-token/tree/main/Audits
The LEVER token is not yet in circulation. Please do not interact with any LEVER tokens until an official announcement has been made via official channels.
2022 is set to be vastly different from the past two years, and it is important for all of us to recognize that things have changed (again), and many assumptions that were valid up till recently no longer hold true today.
With a tightening macro outlook, increasingly sophisticated phishing attacks/hacks, and the Web3 ecosystem undergoing daily stress tests, we urge our community and users to continually exercise caution and keep risk management at the top of mind when it comes to wallet security, contract interactions and capital deployment. This too shall pass, and a new dawn will rise again.
The Bitcoin Investing Course is an 8-module course taught by Cryptocurrency analyst and trader Rekt Capital, aimed at helping you time Bitcoin Bull Markets and Bear Markets with the aid of cutting-edge data science and exploratory valuation tools.
Rekt Capital’s previous “Technical Analysis”, “Risk Management”, and “Altcoin Investing” courses all have an overall rating of 5 out of 5.
8 Video Lectures
This densely-packed course features Rekt Capital’s unique cutting-edge research that really makes a difference to you as an Bitcoin trader and investor. Complex market phenomena are distilled into precise, actionable insights that will help you better navigate the Bitcoin market.
3 x BONUS Tutorials From Rekt Capital’s Previous Courses
Early birds of the Bitcoin Investing Course will receive 3 x Bonus Video Tutorials from Rekt Capital’s previous courses: “Trading View: My Setup, Tips and Tricks” from the Technical Analysis course, “Portfolio Structuring and Diversification” from the Risk Management course, and “Altcoin Hype Cycles” from the Altcoin Investing course.
ABOUT REKT CAPITAL
Rekt Capital is a cryptocurrency trader and analyst and author of the Rekt Capital Newsletter – a Top 5 Crypto newsletter on Substack globally. His market research and analysis has been featured in Forbes, CoinTelegraph, Real Vision, Hackernoon, BraveNewCoin, and Medium’s largest publication The Startup.
Who Should Take Bitcoin Investing Course?
Anyone who is interested in improving their understanding of the Bitcoin market and learning strategies to navigate it profitably and effectively will find the information presented in this course incredibly valuable and practical.
This densely-packed course features actionable insights that will really make a difference to you as to how to trade and invest in Bitcoin. It has been designed for those looking to learn about how to better navigate the Bitcoin market without spending countless hours on independent research.
The cutting-edge insights covered in the course are complex and intellectually challenging but are presented in an easy to follow, digestible manner.
How Will Bitcoin Investing Course Help You?
Lecture 1 – Bitcoin Market Cycles
This lecture introduces Bitcoin Market Cycles and why you should learn about them.
Rekt Capital discusses the various patterns and tendencies that historically recur in Bitcoin price cycles.
In this lecture, Bitcoin’s cyclicality is explored with the aid of valuable time-tested technical indicators as well as detailed price action analysis.
Grasping the principles that govern these cycles will tremendously improve one’s ability to effectively navigate the Bitcoin market and manage their Bitcoin investment.
Lecture 2 – Bitcoin Halving Effect On Bitcoin’s Price
This lecture will explore Bitcoin’s historically recurring price tendencies prior to and after its Halving event.
Learn about recurring pre-Halving retracements, post-Halving re-accumulation, and other useful pre- and post-Halving Bitcoin price tendencies to better navigate periods of price appreciation and price depletion that are heavily influenced by the Halving event.
Lecture 3 – Bitcoin Bull and Bear Markets
This lecture focuses on segmenting Bitcoin Market Cycles into periods of low- and high-profitability.
You’ll learn how to identify periods of maximum macro financial opportunity in Bitcoin as well as periods of macro maximum macro financial risk and learn how to position yourself accordingly.
Rekt Capital shares metrics he personally finds useful in determining topping-out signs in Bitcoin macro uptrends.
Lecture 4 – Stock To Flow Model and Bitcoin Price Deviations
This lecture will focus on deviations in Bitcoin’s price both beyond and below the Stock to Flow line.
Upside deviations will be examined in an effort to deduce the key historically recurring characteristics that precede Bitcoin Bull Market price peaks.
Downside deviations will be discussed so as to learn more about the macro signs that emphasise the maximum point of financial opportunity for Bitcoin investors.
Rekt Capital will examine both upside and downside deviations across different versions of the model. This will be done to arrive at a well-researched conclusion that sufficiently addresses where Bitcoin could peak in this current Bull Market and where could it bottom out in the Bear Market that follows.
Lecture 5 – Stock To Flow Model Variance
Learn how to recognise the point of maximum financial opportunity for Bitcoin with the aid of cutting-edge data science.
In this lecture, Rekt Capital reveals how he utilises significant changes in Stock to Flow Model Variance to precede both generational bottoms as well as generational tops in Bitcoin’s price.
Lecture 6 – Pi Cycle Top Indicator
In this lecture, you’ll gain an understanding of an impending peak of a Bitcoin Bull Market and by the same token – confirmation of a new Bear Market.
Here, the Pi Cycle moving averages will be thoroughly examined for recurring behaviour across history in pinpointing Bitcoin Bull Market peaks. Concepts covered include using the MAs for bullish/bearish trend confirmation, Rate of Change, shifts in MA curvature, Pi Cycle Crossovers, and so much more.
Discover sophisticated principles that will help you identify segments of maximum financial opportunity in Bitcoin’s price.
Lecture 7 – Bitcoin Mid-Cycles
In this lecture, you’ll learn how to identify mid-cycle periods in Bitcoin’s price action.
Rekt Capital shares historical analysis on Bitcoin’s mid-cycle in an effort to deduce the technical price tendencies that recur across market cycles.
Learn how to anticipate realistic scenarios for Bitcoin’s price progression and how to set level-headed expectations as how Bitcoin could potentially behave based on where in the market cycle it resides at any given moment.
Lecture 8 – The Evolution of The Four Year Cycle
In this lecture, Lengthening Cycles theory is thoroughly examined in how it disrupts the Four Year Cycle perspective.
Rekt Capital shares how lengthening cycles will impact future cycles, specifically how and when the Bitcoin Bull Market top may form, how the subsequent Bear Market downtrend could progress thereafter, and where this Bear Market bottom may ultimately take place.
But Rekt Capital goes a step further and looks to the distant future to address how the next few years in the Four Year Cycle will look like, even with lengthening cycles at play.
More, the effect of lengthening cycles on future Bear Market corrections is closely examined. Ultimately, lengthening cycles are discussed in an effort to better pinpoint periods of maximum financial risk and maximum financial opportunity for Bitcoin investors.
DOWNLOAD: https://courseamz.com/rekt-capital-bitcoin-investing-course/
Part of the HODLFIRE lifestyle is to HODL and Earn.
There is an opportunity cost and risk to both. But maybe more risk in Earn right now.
The market is turbulent. And there is a very high possibility that many people are over leveraged, including exchanges and earning platforms.
What I'm suggesting, is that they may have IOU bitcoin on their balance sheet.
And if there was an event that caused a large withdraw of bitcoin from 3rd parties in 1 go, a lot of people are going to be scrambling to acquire actual BTC to repay obligations.
The thing I like about this, there is a good chance that drives the price up. And it possibly highlights that the demand is much higher than the price represents right now.
My recommendation. Have no more on exchanges than you are willing to lose. Especially bitcoin. Because unlike ETH, SOL and 99.99% of all the others, no one is printing more to fix any short falls.
Shit's real right now.
Is the small amount of interest worth the risk.
Seriously think about it. Might be worth exiting any terms now.
✊🔥
Even though the slip was small last week, American mortgage applications fell again week-on-week taking this downward trend to nine of the past twelve weeks. Benchmark mortgage interest rates fell for a second straight week.
April data for American durable goods orders came in marginally softer than expected. They rose +0.4% month-on-month to US$265 bln in April, following a downwardly revised +0.6% rise in March.
They are now +10.5% higher than a year ago. This is a sign business spending moderated somewhat. In a good positive sign, orders for capital goods rose more than +14% year-on-year in a rising trend.
The release of the May US Fed minutes revealed that most of their policymakers judged that +50 bps increases in the fed funds rate would be appropriate at the next couple of meetings. They also recorded that a twist to a restrictive stance of policy may well become appropriate, and the timing of that shift will depend on the evolving American economic outlook.
There is an urgency here that they want to recover lost ground as inflation has burst on them faster than they expected. But markets seem unconvinced of their commitment, especially as those minutes hinted a late 2022 pause may be needed.
There was another large US Treasury bond auction a few hours ago, this one for their 5yr bond, and this one very well supported too. Like yesterday's, median yields are slipping. Today's came in at 2.66% compared to the prior equivalent event a month ago at 2.72%.
The American federal budget situation is being repaired fast. This year's deficit is expected to be under US$1 tln, a sharp improvement from the -US$2.8 tln last year.
Recall it hit -15% of GDP at the end of the Trump presidency. This year it may have recovered to -5% of GDP. Still, surpluses don't seem to be on the horizon any time soon.
China seems to be going the other way, worried things are slipping into dangerous territory. In a huge teleconference attended by 100,000 local officials, Premier I warned China's economy is facing the risk of "sliding out of a reasonable range"... "for an economy as large as China, once the economic operations fall out of a reasonable zone, it will take a long time and huge costs to bring it back," he is reported to have said.
Meanwhile, President Xi is nowhere to be seen dealing with the growing economic crisis. He is meeting with security officials.
In Australia, the incoming administration is warning that their federal financial situation is worse than they expected, and with the RBA about to raise interest rates as inflation zooms, they are additionally constrained on spending plans over and above their election promises.
They are saying economic pain could be with them for some time to come.
The UST 10yr yield will start today at 2.75% and little-changed. The UST 2-10 rate curve has flattened slightly to +25 bps and their 1-5 curve is little-changed at +74 bps. Their 30 day-10yr curve is also marginally flatter at +220 bps.
The Australian ten year bond is now at 3.23% and down a mere -1 bp. The China Govt ten year bond is marginally softer again at just under 2.80%. But the New Zealand Govt ten year is up +6 bps at 3.55%.
Wall Street has marked time today with the S&P500 up +0.3% in late Wednesday trade. The NASDAQ has recovered some of yesterday's dump. Overnight, European markets were all up about +0.7%. Yesterday, Tokyo ended down -0.3%, Hong Kong recovered +1.2%. Shanghai closed up +0.7% with a late surge.
The ASX200 ended its Wednesday session up +0.4%, while the NZX50 fell -0.7% on the day.
The price of gold is lower today, down -US$14 since this time yesterday at US$1851/oz.
And oil prices are virtually unchanged today and still just on US$109.50/bbl in the US, while the international Brent price is still just at US$111.50/bbl.
The Kiwi dollar will open today little-changed against the US dollar, now at 64.6 USc. Against the Australian dollar we are firmer at 91.4 AUc. Against the euro we are also firmer at 60.6 euro cents. That all means our TWI-5 starts today at 71.5 which is up +20 bps from this time yesterday.
The bitcoin price has risen +1.7% from this time yesterday and is now at US$29,788. Volatility over the past 24 hours has been modest at +/- 1.9%.
Source: Interest .co .nz
