Social
Newer opportunities have stalled Friend.Tech’s initial growth wave, and applications such as New Bitcoin City are quickly emerging as one of the biggest bets.
The trajectory of inbound traffic depends heavily on two factors: user experience and regulatory considerations.
Despite a very cold market overall, Friend.tech has shown no signs of fading. Several strategy has been proposed to profit from this social application.
The latest partnership between TON chain and Telegram sparked renewed interest in TON.
Friend.tech has seen a sudden resurge in both TVL and transaction volume. Several factors have contributed to its comeback.
After the initial success, the trading volume of Friend.tech dropped 95% over the past week. Some crypto KOLs even declared it dead.
One notable bullish trend has been the active involvement of nation states in the bitcoin mining industry
The latest update you need to know about Friend.tech
Last week, friend.tech, a new social crypto-based social application went live and become popular on Crypto Twitter
2023 Ethcc was held in Paris between July 17 to 20, many projects have announced their latest updates. Today, we share 3 important announcements that could bring significant impact.
- 12:07Bitget has launched U-denominated J perpetual contracts, with a leverage range of 1-50 timesAccording to the official announcement, Bitget has announced that it has launched U-denominated J perpetual contracts, with a maximum leverage of 50 times. Contract strategy trading will be opened simultaneously.
- 12:06Bernstein: Tokens directly related to the president may be more durable than most tokensBernstein analyst Gautam Chhugani said that insiders holding $Trump tokens might distribute these supplies, causing unsuspecting investors to suffer losses. This situation has happened in the past with assets related to Trump, especially when the stock of Truth Social's parent company, Trump Media & Technology Group fluctuated. Gautam Chhugani added that considering the token's market value soared so quickly, the 80% supply held by insiders indeed brought some pressure. However, tokens directly related to the president may be more enduring than most tokens, but its ownership structure could reduce its appeal. In this case, meme coins leveraging Trump's brand effect and political image have a certain durability. Still, since 80% of internal supply is provided by Trump's subsidiaries, their lifespan will depend on potential token design.
- 12:04Grayscale increased its holdings by 198.161 BTC today, worth 20.53 million US dollarsAccording to monitoring data from Arkham, Grayscale increased its holdings by 198.161 BTC today, valued at 20.53 million US dollars. These bitcoins have been transferred from the CEX hot wallet address to its Bitcoin exchange fund, Grayscale Bitcoin Trust.