Daily Crypto NewsEDITION #550, 20 July 2022

No more knocking from the bottom?

Today, in 1993, Lithuania introduced its currency. We wonder when they will create a state that initially recognises some cryptocurrency as its official money? Not like El Salvador, which only added bitcoin to the common list, but right from the start? And what kind of cryptocurrency would that be? Ah... an exciting future awaits us!

Let’s go!

THE BOTTOM IS ALREADY HERE

Glassnode is issuing Hopium

Over 80% of the total USD denominated wealth invested in #Bitcoin has been HODLed for at least 3-months.

This signifies that the majority of the $BTC coin supply is dormant, and HODLers are increasingly unwilling to spend at lower prices.

Live Chart: https://t.co/lRtBe69Phz pic.twitter.com/NIQzwkXQDv
— glassnode (@glassnode) July 16, 2022

Analyst company Glassnode is cutting the crypto FUD with a hopium knife. Maybe, mb, probably, according to the analysts, nobody will sell anymore because 80% of investments have not changed in the last three months.

And the Realised Cap HODL Wave metric is to blame. In short and to the point, this metric shows the behaviour of market participants. Yes, someone is still selling, but it's mostly a small number of short positions lovers.

FREEEEEEEEEZE

FBI, crypto, two apps

Yesterday, the FBI was alarmed about fake crypto apps in the stores. Yes, people download apps from the stores or scam websites, log into them, and then... and then rekt.

Fake apps are an enormous problem based on the number of cases presented.

Sad Azuki

Press: Azuki is dead? :( Bill Gates versus us. Interesting NFT collections! Digest is an aesthete.

Read this digest on the website, or right in the Moni App!

LET'S TRAVEL!

The Moni kingdom is looking for travellers on this alpha journey...

Gem City, a group of Moni alphas, are back! We got word today from a secret follower. He just slipped a note under the newsroom door with the words "Reports on Discord". But all in order.

- Order #1: What's new?

Moni has an update. You can now update the app and enjoy sharing portfolios from all devices, the NFT section in Total Portfolio, and remarkable changes to the web version.

If you haven't downloaded the app for some reason: iOS / Android

- Order #2: Alpha group on Discord

From now on, exciting reports will be posted on Moni's Discord. Want to check them out? Then you need to head over here

LEARN, LEARN, LEARN!

GLOSSARY WORD

Hash is a function that satisfies the encryption requirements for blockchain computations. It is a fixed-length alphanumeric code that is used to represent words, messages and data of any length.

And more you can find in our Glossary!

HA-HA-HA!