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Jan 4 • 4 tweets • 4 min read
1/4 Get ready for a potentially bumpy ride this week, #Bitcoin, #Ethereum and #altcoin traders! Here are 3 reasons why:

🧵A thread by @esatoshiclub
2/4Tensions are rising as #Winklevoss, co-founder of #Gemini, calls out #DCG founder Barry Silbert over $900 million in locked customer funds. Crypto Twitter is speculating about potential liquidity issues at #DCG and the impact on #GBTC and #ETHE positions held by #Grayscale.
3/4 Fear is high and #liquidity is low as we continue to see drama unfold between DCG and Gemini. Sentiment in the #crypto market remains down, with most market participants not feeling bullish and hesitant to take on risk. The current index sits at 26 out of 100.
4/4 The upcoming economic calendar hints at possible volatility

Jan. 4: ISM manufacturing PMI, US JOLTs, FOMC Meeting Minutes
Jan. 6: Non Farm Payrolls and Unemployment data, ISM Non-manufacturing PMI
Jan. 8: Gemini settlement offer to DCG expires
Jan. 12: #CPI Inflation Report

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More from @esatoshiclub

Satoshi Club Profile picture
Jan 5
10 Bitcoin #Mining Predictions for 2023

It's been a wild ride for #Bitcoin in the past year, but it looks like things could be settling down for public #miners.

Here are 10 Bitcoin mining predictions for 2023, according to @hashrateindex 👇
1. The bitcoin bear market will come to an end

The future of #Bitcoin mining is heavily influenced by the price of Bitcoin. Arcane Research's 2022 year-end report shows that the current bear market is similar in length to 2014-15 and 2018, with a peak-to-through drawdown of 78%. Image
2. Bitcoin’s hashrate growth will slow down

Hashrate growth in 2022 was fueled by miners expanding during the 2021 bull market. However, the poor mining economics of 2022 will likely lead to a slowdown in hashrate growth in 2023. Image
Read 11 tweets
Satoshi Club Profile picture
Jan 4
1/6 Digital Currency Group #DCG and its subsidiaries are facing liquidity issues stemming from the #FTX collapse. This has led Gemini to halt its Earn Program. But why? Let's find out. 👇

🧵A thread by @esatoshiclub
2/6 #Genesis, a crypto lending company and a subsidiary of #DCG, suspended redemptions and new loan originations on November 16 due to the market turmoil caused by #FTX.
3/6 This has led to Gemini, founded by Cameron Winklevoss, halting its Earn Program which relied on Genesis for lending services. Winklevoss has accused DCG founder Barry Silbert of “bad faith stall tactics” claiming that Genesis owes Gemini customers approximately $900 million.
Read 6 tweets
Satoshi Club Profile picture
Jan 3
1/6 Did you know that the first block of the #Bitcoin #blockchain, known as the Genesis Block, was mined on January 3rd, 2009 by the mysterious creator of Bitcoin, Satoshi Nakamoto?🤔

Find out more about The Genesis Block in @esatoshiclub's thread 👇
2/6 The Genesis Block is unique in a number of ways. For one, the 50 #BTC reward for mining the block was sent to an address that it can never be recovered from.

Since its creation, many people have sent $BTC to the account, pushing its total balance to 68.56 #BTC, worth $1.1M
3/6 #Satoshi also included a message within the block, which was a headline from a British newspaper, The Times. The headline read: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
Read 6 tweets
Satoshi Club Profile picture
Jan 3
Happy 14th birthday, #Bitcoin!🥳

1/11 In honor of this milestone, here are 10 interesting facts about the world's first and most well-known cryptocurrency:

🧵A thread by @esatoshiclub
2/11 #BTC has been profitable for 3,750 days, or 83% of its existence

Relative to today's price, if you bought before November 2020 you're likely in profit, as per this chart: Image
3/11 A total of 19,248,459.375 BTC entered in circulation

This is roughly 91.66% of the entire supply ever, which is 21 million coins
Read 11 tweets
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Jan 2
5 Trends in #DeFi for 2023

1/6 As we enter the new year, many are curious about the trends that will shape the #DeFi space in 2023. Here are the top 5 trends that experts predict will have an impact:

🧵A thread by @esatoshiclub
2/6 Push toward real-world assets

Real-world assets (RWA) are helping to unlock liquidity and utility by moving on-chain. @MakerDAO has invested in US Treasuries and corporate bonds and partnered with #banks. These moves could become more common in 2023
3/6 Greater stablecoin adoption

#Stablecoins, like #USDC and #DAI, are seeing continued success despite bear market conditions. #Japan is lifting its ban on foreign-issued stablecoins in 2023, which could boost adoption and reduce time and costs on international remittances.
Read 6 tweets
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Oct 25, 2022
1/16 Second Great #Stablecoin War incoming! 🤺

Why?

Let's find out together!

A thread by @esatoshiclub!
2/16 #Binance deliberately started a war with @circle's $USDC as soon as it announced it would automatically convert users’ deposits of #USDC to their own #stablecoin $BUSD

It's clear that @binance wants to chunk a big piece of this market. But would it be able to dethrone USDC?
3/16 Let's talk numbers. #Binance made the first major move and $BUSD's share of the #stablecoin market increased from 10.01% to 15.48%.

Also, its market cap has also risen 3.3% over the last 30 days.

One simple move, a significant outcome. The art of war at its finest.
Read 16 tweets

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