Daily Crypto NewsEDITION #667, 13 January 2023

Inflation declines, BTC rises

Hey Moni Maker 💠

Today is Skeptic's Day in some countries. Crypto could really use this day - especially when you get into some shitty shitcoins and then lose all your savings...but what if it's someone else's money? Or credit money? Ugh...   

So always question everything. But don't go into nihilism, that is, denial of everything. Otherwise, you'll end up like people who see only shit everywhere.  

Let's go! 

And other rhymes for children's matinees. Oh, yeah. The smart and not-so-smart people in suits and ties from the U.S. announced yesterday that inflation slowed to 6.5% in December. This is the minimum since 2021 in October! Inflation was 6.2% then. All other times from 2021 to 2022, inflation has been higher. 

Let's get into the thick of it, shall we? Inflation translates as "bloating" in Latin. If very simply, inflation occurs when smart and not-so-smart uncles and aunts are not particularly skillfully managed with the power they were given - respectively, the rising prices for goods, services and everything come to the house. 

And now it turns out that goods and services are only going up by 6.2%. 

BTC, ETH are green and reacted to yesterday's news with a 3.2% and 2% pump. ETH updated its ATH, i.e. its highest worth, in the last two months and touched $1433. Bitcoin updated its ATH for the month, touching almost $19K. 

So what? 

We're not going to advise you anything; you're not paying us any money. But we think that the market may favourably influence your purse for some time if you do it right. 

There are predictions for the bitcoin to go to 33-35K. Btw, so many opinions we should be less optimistic.   

Your favourite DEX, aka 1inch, is going to entertain your wallet! 

- "So what?". Take it easy, our young Degen. We'll tell you all about it. 

Beefy is a kind of multichain decentralized yield optimiser. It allows users like you to earn compound interest on their crypto assets. 

And that's where 1inch comes in! The 1inch API will now work with ZAP v2 Beefy, which is already available on BNB Chain, Polygon, Optimism, Arbitrum, Fantom, Aurora and Avalanche. 

Long story short, you will now be able to get % from Beefy products using only the coins you have in your wallet. Guide: 

- Go to Beefy and select vaults

- Click on "Select Token", then "Deposit", and you'll see the route offered to you by 1inch and Beefy

- Accordingly, you will see estimates of your expenses and income. You can also choose the permissible level of slippage.  

So what about a free January? 

In honour of this action, the guys are launching a promotional party in January. You can use the products without commission. And you can also use Optimism on Beefy - maybe you'll get some from 5 000 OP tokens, which will be distributed by Beefy among...Optimism users on Beefy, everything is evident here. 

1inch TG will tell you more

NGMI - is an acronym for "not gonna make it". It is usually used to describe a situation when a person does not want to buy bitcoin or another token cause he is afraid of losses. And that's why he won't make money in the future  

And more you can find in our Glossary!    

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