The EZ Side Update: April 22nd, 2024
“Slowing me down, impossible.” ~ NF
This game is a long game fam, all you have to do is stay in it. We have nothing but time and eventually all of that practice will pay off, but you have to stay in the game. Shoutout to everyone that is still here, good times are coming!
Crypto News 📰:
- BTC Halving is here
- Asia wants more $BTC ETFs
- Runes are here
- ICP joins $BTC Runes
- Right to privacy #Crypto
- Binance goes SAFU
- NY Fed officer joins Binance.US
- CZ is going full education
- Ripple vs SEC update
We finally made it fam…
But where have we arrived? Transaction fees are higher and the mempool is slower. Is this the destination we envisioned? For some, it’s a day of acknowledging that the world’s first decentralized monetary network’s protocol functions as intended. A reminder of Bitcoin’s value, which is quite amusing given the price fluctuations leading up to the halving.. Therefore, the real day of celebration was 4/20 but that’s just my two satoshis, of course.
More Bitcoin ETFs are on the way:
Crazy part is how it is spreading like a wildfire and now Asian markets are just diving in head first. Decentralized monetary network for the win, who doesn’t love that?
Runes have officially dropped and the memes are piling on to get their chance to start their own memcoin on Bitcoin:
There are certainly intriguing developments surrounding this distinctive protocol, particularly its direct connection to Bitcoin. As we observe an influx of value into the Runes ecosystem, it will be fascinating to witness how the situation unfolds. Memecoins are great especially on Bitcoin, but memecoin season doesn’t last forever.
Runes have managed to capture the interest of multiple chains, which is quite remarkable in our era of blockchain tribalism. This is impressive:
The way ICP is integrating with the Bitcoin network could potentially offer a solution to the growing issue of congestion and fees that have been hindering Bitcoin’s performance. Shoutout to ICP for proving the haters wrong and creating solutions for real problems in the network. Boolish 🚀
Let’s get into something that is a little bit of a hot topic:
Your right to privacy is indeed a crucial right, and it should be granted based on merit. If an individual is a convicted felon, they should forfeit their right to privacy. If society cannot trust them, why should they be allowed to engage in private activities? My point here is that we should all start with the right to privacy. But the moment we fuck up, we should lose that right. Yes, there should be a way to earn that trust/right back but we should all start the same way.
What’s going on right here?
The decision to take this action raises some significant questions, so let me offer a few possible explanations. They threw it into $USDC because they either thought they were protecting people’s funds or maybe they were told to do so by the US government. I hope it’s the first option because maybe some still think the value of the dollar is still valuable. If not, then that’s pretty lame and our government is being extra.
The decision making by the world’s largest crypto exchange seem to be very eye opening because looky here:
We hope this gentleman can add value to the Binance.US team because they are wanting to grow and we shouldn’t deny an opportunity. It is sad to see what happened to the team and Binance as a whole, but let’s move forward. A relationship with the FED is not a bad thing.
As previously mentioned, Binance faced challenges during 2022–23, but we are determined to move forward and overcome them.
CZ took the high road and promoted education since our government decided to make some harsh calls to Binance and yet he still moved forward. Lessons to be learned here.
Are we coming to an end for the SEC vs RIpple case?
I wouldn’t be surprised if something else comes up that needs to prolong the decision. I know settlement has been discussed as well, but we are so close to a new round of elections. There is a good chance we see legislation begin working in favor of our market and working with the judicial branch to foster the growth of Crypto. It is wishful thinking but maybe it will come true.
With the recent dump, enthusiasm has jumped off the cliff. Don’t lose faith, stay in the game, and be patient. The market is looking SEXYYY!
~ 2EZ
Legal Disclaimer:
The following article is a blog and represents the views of the author, not those of any organization or entity. The information provided in this article is for educational and informational purposes only and should not be relied upon as legal, financial, or professional advice. The author makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The author will not be liable for any errors or omissions in this information nor for the availability of this information. The author will not be liable for any losses, injuries, or damages from the display or use of this information. All links provided in this article are for informational purposes only and do not represent an endorsement of any third-party websites or products. The reader is solely responsible for their use of any information or materials found on this site or through any linked sites. The reader should seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice, or other content.
