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Are Small Cap Crypto Assets Rebounding A Sign Risk Appetite Returning?

The crypto market just saw some slight recovery, but the performances are upside down. Opposite to the way sellouts usually play out, the Bitcoin dominance dropped dramatically as the asset is underperforming the Small Cap index. From last November’s $3 trillion market cap, the crypto market is now down to around $800 billion: Smaller Altcoins Make A Strong Comeback Last week the crypto market saw its bottom, followed now by some slight recovery. As per Arcane Research’s latest weekly report, the smaller altcoins have also been seeing red numbers with the Small Cap index shedding 27%, but it has been the best performer overall. In contrast, Bitcoin had dropped 35%. Through this small window of relief during June, we have seen the blue-chip coin underperform all other indexes. As a result, BTC’s dominance in the market fell -1,51% this week to 43,5% while Ether fell -0,31. The latter has been declining since May from 19.5% to 15%. What’s Making This Crypto Winter Colder The report notes that the primary driver of this crypto crash has been the hedge fund Three Arrow Capital (3AC) collapse. Having invested over $200 million in Luna Foundation Guard’s token sale, 3AC’s liquidity ended up being wiped out and its margin call was the last straw for the already pressured market. Related Reading | How Long Will The CryptoWinter Last? Cardano Founder Provides Answers As per the Wall Street Journal, the crypto hedge fund hired legal and financial advisers to help work out a solution for its investors and lenders. The firm is looking for a way out, “including asset sales and a rescue by another firm”. The prognostic is not very positive at the moment, seeing the wave of liquidations and mitigations of losses by crypto exchanges that have followed the collapse. “We were not the first to get hit…This has been all part of the same contagion that has affected many other firms,” Kyle Davies, 3AC’s co-founder, said in an interview. Arcane Research explained that “In periods of insolvency, creditors unwind the most liquid assets first, which is likely the root cause of BTC and ETH’s relative underperformance in the last week.” The report adds that “illiquid altcoins are more challenging to sell at size, particularly during pressuring times, which explains why smaller coins have experienced less excessive selling pressure in the last week”. Meanwhile, Microstrategy CEO Michael Saylor described the events around this winter as a “parade of horribles” in which the consequences of lack of regulation in the crypto field have made it possible for wash trading and cross-collateralized altcoins to weigh down on Bitcoin. “What you have is a $400 billion cloud of opaque, unregistered securities trading without full and fair disclosure, and they are all cross-collateralized with Bitcoin.” “The general public shouldn’t be buying unregistered securities from wildcat bankers that may or may not be there next Thursday,” Saylor added, slamming at the recent collapses and suggesting that future actions by regulators could prevent the level of volatility that BTC is now experiencing. Related Reading | Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins En Masse

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What Makes CSC an Exceptional Public Chain?

May 2022 had been a heart-stopping ride for the crypto market. Most of you have heard about the recent meltdown of Luna, a cryptocurrency released by Terra. With a peak market cap of over $40 billion, the project suddenly slumped, and the price of Luna dropped from $90 to less than $0.00015 within a few days. The plunge of Luna, which was formerly one of the top 3 stablecoins, far exceeded the price drops of altcoins out there. Meanwhile, investors holding Luna also suffered heavy losses, and many have lost millions. In nearly a month since the Terra meltdown, Terraform Labs recently released Terra 2.0, a new version of Terra, and equipped it with newly minted Luna coins to make a comeback. Yet, will investors still trust Terra 2.0? Trust can dissipate instantly, but it takes a long time to build. At the moment, Ethereum remains at the center of public chain ecosystems. That said, Ethereum is also subject to multiple flaws. For example, due to its low TPS, a large commercial DApp in the ecosystem can slow down the entire network. Moreover, Ethereum users also have to pay expensive gas fees. During peak hours, a single transfer could cost hundreds of dollars, which hinders the large-scale adoption and growth of DApps. Though Ethereum has rolled out ETH 2.0, there is no specific date as to when the ETH 2.0 upgrade will be fully completed, and the upgrade process has not been all plain sailing. Undoubtedly, the boom of DApps is enabled by public chains that feature high performance and low fees. Committed to building the infrastructure for the blockchain world, CSC is exactly such a public chain. CoinEx Smart Chain (CSC) is a decentralized, efficient public chain created by CoinEx’s public chain team for decentralized finance. CSC provides developers with an efficient and low-cost on-chain environment where they can run smart contracts and DApps and store digital assets. In our view, CSC boasts the following unique advantages. 1. Great performance Speaking of the performance of a public chain, the most commonly used indicator is TPS, the number of transactions that a public chain can process per second. Simply put, TPS is like throughput. The higher the TPS, the greater the performance of a public chain. CSC features a TPS of up to 1,000. To understand what that means, we can compare CSC’s TPS with that of Ethereum and BSC. TPS Ethereum: 15 CSC: 1,000 It’s clear that CSC’s TPS is way higher than that of Ethereum and BSC. This means that the public chain can process more transactions in one second and carry more DApps. In other words, CSC can run more DApps at the same time. CSC can achieve a TPS of 1,000 primarily because it uses the PoS consensus mechanism from the very beginning. Furthermore, CSC also features permissionless validators, high throughput, low fees, and compatibility with EVM. As we all know, compared with PoW, PoS, which is the mainstream consensus mechanism among public chains in today’s market, significantly improves the performance of public chains. For instance, the goal of Ethereum 2.0 is to upgrade the network from PoW to PoS. In addition, there are different branches of PoS. For example, EOS uses DPoS, which is one of the PoS branches. However, as DPoS is not sufficiently decentralized, EOS validators can form alliances, resulting in a certain degree of monopoly. 2. A high degree of decentralization Decentralization is also a major indicator for assessing public chains. If a chain is not sufficiently decentralized, validators can collude with each other when casting votes, and sometimes multiple validators could be controlled by one validator, which is what happened on EOS. CSC, on the other hand, features a high degree of decentralization. The public chain accommodates up to 101 validators, much higher than the 21 supernodes of EOS. The 101 CSC validators are ranked by the amount of CET they staked. The higher the amount of CET staked, the higher the ranking. On CSC, anyone can become a validator by staking CET without any permission, which keeps the public chain highly decentralized. 3. Enhanced security First of all, CSC was built by the CoinEx team. As a world-renowned crypto exchange, CoinEx is backed by one of the earliest developer teams in the industry, with expertise in technology R&D and global operations in the crypto space. Hacking is common among exchanges, and even Binance was once hacked. However, CoinEx has maintained a zero-accident record for five straight years, which is an exceptional track record in terms of security. CSC, a public chain developed by the team, has been running steadily since its launch in June 2021. CoinEx’s strong tech team keeps CSC secure. Secondly, the codes of CSC have been audited by a professional security company. The public chain partnered up with PeckShield, a world-leading blockchain security company, which keeps CSC safe and secure in terms of the bottom-layer codes. 4. An emphasis on ecosystem building: CSC introduced Multi-Million Dollar Supportive Plan The success of a public chain ecosystem is inseparable from the strong support of the public chain behind it. In this regard, EOS serves as a counter-example. To date, EOS remains the public chain that raised the most funds. Yet, Block one, EOS’s parent, did not spend the funds raised on the growth of the EOS ecosystem but on compliance. Block one wasted the precious window of opportunity, which is why EOS started off well but lost its momentum. Having learned from the failures of many public chains, CSC attaches great importance to ecosystem building. The public chain also set up Multi-Million Dollar Supportive Plan and Five-Million USD Special Funding Support for Metaverse Ecology. Apart from offering funding support to the outstanding projects in its ecosystem, CSC also provides project teams with technical support and marketing resources. For example, promising CSC projects have priority access to token listing on CoinEx. In short, as a PoS-based public chain, CSC features high performance, decentralization, and low gas fees. To help DApp projects grow on CSC, the public chain provides project teams with strong support in terms of funding, technology, and resources, as well as technical/resource support from the CoinEx team. Moreover, CSC is also EVM-compatible, which enables the seamless migration of Ethereum-powered projects.

Crypto News

How Fractional Ownership Is Bringing Iconic Real-World Objects To The Public

Fractional ownership has become a hot topic in the decentralized world. Now that many industries have integrated blockchain technology, which are the latest industries jumping aboard the trend of fractionalization? How can it improve accessibility to the market of high-end collectibles? Read on to find out. Driven by fast-paced blockchain technology adoption, the concept of fractional ownership has had a recent increase in its usage and familiarity on the world scene. As a result, what was once an idea understood mainly by those operating in the stock market is now part of the vernacular of newcomers to the world of investments and crypto. The world has just begun getting used to the idea of ownership of digital assets via NFTs, but typically that ownership would pertain to only one buyer at a time. Last March, history was made when a Beeple NFT was sold for $69 million to collector MetaKoven. While attention was drawn to the price tag, it was also interesting that MetaKoven had bought several of Beeple’s works before the record-breaking piece, only to divide the ownership into blockchain-based tokens then and sell them to the public. It was a prime example of fractionalizing a digital asset, and we’re about to see a lot more of these types of investment opportunities on offer in the years to come. In addition to NFTs, the aviation space is also making waves by using fractional ownership to offer on-demand flight services to multiple investors of unique luxury aircraft. For example, VoltAero, a French hybrid-electric aircraft developer, has launched a fractional ownership program for its five-seat Cassio 330, eventually followed by two follow-on models with more seating space. Jean Botti, former Airbus chief technology officer, commented, “Cassio will open a new era of highly sustainable air transportation in Europe with on-demand flight services for those who join our fractional share ownership.” The critical aspect of NFTs is their ability to be used to establish authenticity and the transference of rights. Therefore, there’s a window of opportunity for entrepreneurs looking for new industries to innovate in through the capacity of NFTs and blockchain tech. For example, traditional and digital real estate in the Metaverse has been some of the main spaces allowing NFTs to fuel the incorporation of fractional ownership in the modern world. Right now, deeds serve the function of representing ownership of property in the real world. However, now that NFTs can also be used to represent ownership of real-life properties, there’s the potential for NFTs to bypass trusted intermediaries in property purchases, such as title insurance companies, escrow holders, and lawyers. In addition, since investing in real estate can require substantial funding, some entrepreneurs use NFTs and crypto to raise capital for their projects. For example, in 2018, the St. Regis Aspen Resort sold an 18.9% ownership stake in the hotel through token sales of “Aspen Coins.”, which could be bought with U.S. dollars, Bitcoin, or Ethereum. A new alternative asset exchange has recently entered the Web3 stage – Jupiter Exchange. By digitizing and fractionalizing iconic real-world assets on the blockchain, the platform allows passionate collectors to own a piece of objects previously reserved only for a select few. What’s more, Jupiter differentiates itself from other alternative asset exchanges by adding liquidity to the selected assets and creating a much larger pool of sellers and buyers. Jupiter Marketplace creates iconic products as single NFTs, which then are fractionalized into a number of ownership tokens of equal worth. Once the ownership tokens are sold, they can be traded on Jupiter Exchange with a real-time pricing model. Whether one is a passionate collector or a retail investor looking to diversify their portfolio, Jupiter Exchange is the platform to watch. Having recently raised $5 million in seed funding, Jupiter Exchange is set to launch very soon. Collecting comes with several challenges, and Jupiter Exchange aims to reduce the collectors’ pain points. Even high-profile individuals like NFT/Pokémon card collector Logan Paul ran into a scam after paying $3.5 million on what he thought was a “sealed & authenticated box of 1st Edition Pokémon cards”, only to find that was not the case. Interestingly, the box had been validated as authentic by the Baseball Card Exchange. Bolillo Lajan San, the well-known and respected card collector who sold him the box, also believed it was legitimate – clearly showing the need for NFTs in the world of both physical and digital collectibles.

Crypto News

CoinEx Charity Book Donation Worldwide: Over 10,000 Books for Children’s Dreams

In many places around the world, schools cannot provide children with a sufficient supply of books due to poor financial conditions, nor can parents afford books. Meanwhile, the reading ability of children who have been raised in an environment without books is inferior to the average level, which negatively affects their life prospects. Focusing on education for young children worldwide, CoinEx Charity will kick off Book Donation Worldwide on May 26, 2022, to improve children’s reading environment. The campaign will begin in Turkey and take CoinEx Charity to schools in poor regions across 11 countries, including Syria, Thailand, Vietnam, Indonesia, Nigeria, Malaysia, India, Brazil, Germany, and South Korea. CoinEx Charity will help schools build charitable reading corners and donate books to provide more reading opportunities for local children. Find out more about the campaign at: https://mobile.twitter.com/CoinExCharity A book that helps children succeed Books are a treasure house that’s full of information and wisdom — they help children succeed. However, most schools around the world do not have a library, making it difficult for children to explore the vast breadth of knowledge. Even in the US, which is the world’s wealthiest country, one in every 4 children grows up without learning how to read. CoinEx Charity’s Multi-Million-Dollar Charity Fund is a charitable foundation dedicated to alleviating the “learning poverty” across the world. As International Children’s Day is around the corner, the fund will launch a charity campaign to build reading corners for and donate books to poor schools around the world. CoinEx Charity’s first 3 book donation events will take place in Antakya (Turkey), Damascus (Syria), and Bangkok (Thailand) on May 26, May 28, and May 30, respectively, and about 4,000 books will be donated to 7 local schools. Moreover, CoinEx Charity has also purchased bookshelves to build reading corners for each school. In June, the campaign will arrive in 8 countries, covering Vietnam, Indonesia, Nigeria, Malaysia, India, Brazil, Germany, and South Korea, with a total of about 9,000 books to be donated. During the campaign, it is expected that 13,000 books will be donated and charitable reading rooms will be built to provide more and better learning spaces for poor children, allowing them to read and learn with passion anytime, anywhere. Powered by an ocean of books, children will be inspired to find their dreams and strive for a better future. CoinEx Charity has partnered up with the Syrian children’s aid organization Youth Association and the Malaysian charity MUDA Cheras, and will jointly host the campaign in Syria and Malaysia with its partners. This is the first cooperation between CoinEx Charity and an international charity organization. These new partners will expand the influence of the campaign and encourage more caring individuals and charitable organizations worldwide to join hands in improving children’s learning environment with the power of charity. CoinEx Charity also looks forward to building long-term, sustainable partnerships with more charitable organizations in the future. Together with its partners, CoinEx Charity will gather more momentum to convey the message of love and warmth and help more children grow up healthily and happily. Respond to the international call & venture into charitable education Books open up an unexplored continent of imagination, and the increased access to books allows children to become more competent, which creates level playing fields across the planet.  UNESCO, the World Bank, and the International Commission on Financing Global Education Opportunity are all calling for expanding the supply of books in schools around the world to improve learning conditions. CoinEx Charity actively responds to the international call and devoted more resources to charitable education to help poor schools improve the learning environment for children. Though they might seem small, books serve as a window on a broader world for children and help them realize their dreams. During the campaign of Book Donation Worldwide, CoinEx Charity will donate over 10,000 books to impoverished schools in 11 countries to pass on love and knowledge. It also hopes to encourage more governments and charities around the world to help more schools build libraries and provide students with a decent learning environment via the power of charity. Education can transform children’s futures, thus making the world a better place.

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Here’s What’s Next for Bitcoin and One Ethereum Competitor, According to Crypto Analyst Michaël van de Poppe

A popular crypto analyst is digging into the charts to see what’s next for Bitcoin (BTC) as well as one enterprise-grade blockchain platform. In a new post, Michaël van de Poppe alerts his 602,500 Twitter followers that he’s eyeing $29,300 as a key make-or-break indicator for Bitcoin. “Still watching the level at $29,300 for Bitcoin. […]

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