Crypto Ocean

Crypto_Ocean

Crypto Speak: PFP (profile picture) “PFPs” are NFT images that are used as avatars on social media. Yes, they’ve lost their popularity now, but then again, in the new bull cycle, it’s likely that all of us will start actively using unique PFPs. Crypto_Ocean

🏁 SOMETHING NEW IS COMING We’re launching COIN RACE You’ll get 4 coins. You pick the one you think will outperform the rest by Friday. That’s it. On Friday, we compare your pick vs the market. Did the crowd see it coming… or get wrecked? Crypto_Ocean

🇺🇸 CRYPTO CLARITY JUST HIT ANOTHER WALL Washington was supposed to be moving toward clearer crypto rules. Instead, crypto just got hit by two delays. First: The Senate left Washington for its five-week summer recess without voting on the CLARITY Act. Now the SEC has abruptly canceled a meeting scheduled to consider new crypto rules. The agency was expected to vote on proposals that could make it easier for crypto startups to raise capital without going through the full traditional securities-registration process. The SEC says the meeting was postponed because of an “unforeseen scheduling issue.” Important: Neither development means crypto reform has been rejected. But the timeline has moved again. That leaves an interesting contradiction. American regulators are clearly becoming more open to crypto… …but the actual rulebook is still struggling to arrive. For markets, regulatory friendliness is good. Regulatory certainty is better. Crypto_Ocean

Crypto Speak: Utility “Utility” in the cryptocurrency world is the practical use of a token or cryptocurrency. Coins with utility are said to be more fundamental because they have real-world use cases. For example, why would you hold some obscure memecoin? It’s that kind of coin you sell as soon as you see it pump. Of course, creators of serious projects are interested in having holders keep the coins for as long as possible. That’s what utility is for: to solve problems. For example, a token can allow you to use a service, publish or read content, act as a ticket to an event, give you a voice in discussing the life of the project, give you access to beta tests, offer discounts to your holders, and so on. In general, coins with utility can be relevant for a long time, while coins without it mostly die quickly. Crypto_Ocean

💎💎💎💎💎 Netflix’s FTX collapse series, The Altruists, will premiere on Nov. 19. Crypto_Ocean

🧠 On August 13, the total amount of Ethereum locked in staking exceeded 34% of the total supply (41.9 million ETH), marking an all-time high. The current average annual yield stands at 2.6%. Crypto_Ocean

The Bank for International Settlements has authorized the world’s central banks to store up to 2% of their capital in cryptocurrency. However, there is a nuance: The minimum collateral reserve for crypto is 1,250%. That is, if a bank wants to invest $10,000 in BTC, it needs to provide them with an additional $125,000 in reserves. Nevertheless, this is awesome news for the mass adoption of cryptocurrencies because banks will now be able to officially own digital assets. Crypto_Ocean

🔥🔥🔥🔥🔥🔥 Trezor says a breach at one of its shipping providers exposed customer names, addresses, phone numbers and emails. 11,742 customers were fully affected, while 1,947 had partial data exposed. Trezor says its systems and devices remain secure. Crypto_Ocean

🧠 Bitcoin’s short-term holder supply is shrinking. This trend has historically appeared near the end of bear markets, per CryptoQuant analyst Darkfost. Crypto_Ocean

Crypto Speak: Layer 2 A “layer-2” blockchain is a technology built on top of the underlying blockchain—e.g., Ethereum—to improve its scalability and efficiency. To use a simple analogy, it’s like widening an existing road to allow more cars to travel on it. For example, well-known networks such as Arbitrum or Polygon are layer-2 blockchains built on Ethereum. The Lightning Network, meanwhile, is built on the Bitcoin network. Crypto_Ocean

💎💎💎💎💎 OCC pushes to revive bank chartering for digital assets and new tech, commending FDIC reform efforts. Crypto_Ocean

Crypto speak: NFA “NFA” is an abbreviation for “nonfinancial advice,” a disclaimer that this person is unqualified to provide financial advice and that their opinion should not be considered as such. Most crypto resources use this expression to comply with legal requirements, but this word is often used in an ironic sense, just to recommend some coin. Crypto_Ocean

🧠 Ethereum recorded 989.5K active addresses in 24 hours, its highest daily activity since March, per Santiment. Crypto_Ocean

Trump Media sold over $170M in BTC earlier this year but bought roughly $300M in July, reaching an all-time high. Conversely, Strategy has been selling BTC for weeks. With Trump Media holding 4,260.73 BTC as of June 30 and recent additional activity, is this just market timing, or does Trump know something? Crypto_Ocean

Crypto speak: NFA “NFA” is an abbreviation for “nonfinancial advice,” a disclaimer that this person is unqualified to provide financial advice and that their opinion should not be considered as such. Most crypto resources use this expression to comply with legal requirements, but this word is often used in an ironic sense, just to recommend some coin.} Crypto_Ocean

🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀 BTC : $65,133 ETH : $1,624.95 BNB : $604.84 SOL : $77.97 Market Cap Total : $2.28T DeFi : $56.9B 24hr Vol : $38.1B Sentiment FGI : Fear (30) The crypto market is holding relatively steady today, with Bitcoin trading above $65K while total market capitalisation remains near $2.28 trillion. BNB and SOL are showing relative strength, while Ethereum remains softer around the $1.62K area. Overall, the market is not showing a full breakout yet, but there is still resilience in the major coins. Sentiment remains in Fear, with the Fear & Greed Index at 30. That shows traders are still cautious, even as the market avoids a deeper pullback. For now, Bitcoin holding above the $65K zone is constructive. If buyers can keep momentum and broader participation returns across altcoins, the market could attempt a stronger recovery move. Crypto_Ocean

Crypto Speak: Layer 0 Let’s try to talk about complex technical things in simple words. You’ve probably heard of concepts like “layer-1 blockchains” and “layer-2 blockchains.” We'll break these concepts down in the coming days, but today, we’ll talk about “layer 0.” Layer 0 in the world of cryptocurrencies is the base layer, which can be thought of as the “infrastructure of infrastructures.” It is the layer that underpins all blockchains and cryptocurrency protocols. Layer 0 addresses the fundamental issues of connectivity and interoperability between different blockchains. It is because of the existence of this layer that blockchains can “communicate” and interact with each other. For example, if we compare the cryptocurrency world to a house, layer 0 is the foundation and communications (plumbing, electricity) on which the house itself is built (the house being layer 1, like the Ethereum or Bitcoin blockchain). Crypto_Ocean