A Curious Little Warning To People New To Crypto (Or New To Thinking) - By Mr. Y D Man here: as I have attracted some new followers recently, and since Mr. Y was active only in Premium group and here when giving you top-notch gems, let me give a brief reminder before sharing his curious little warning. Mr. Y is probably the most ahead-of-time, accurate, deep-into-research fundamental analyst in crypto today. He predicted many things early, old followers know his epic predictions of Coinbase listings, of big fails of some famous coins and big upcoming rises of others… Now he issues the warning about what I believe is the biggest problem in crypto today… DOGECOIN By Mr. Y: Why Dogecoin pump-and-dump is hurting Crypto Dogecoin is a meme coin that started as a satire, to point out there are far too many shitcoins with absolutely no reason to exist and no functionality at all. The two founders issued multiple warnings to not buy Dogecoin as a financial asset and they explicitly said that it was has zero inherent value and was created for comedy reasons. The supply of Dogecoin is uncapped and 10000 new tokens are issued every minute. Yes, you heard that right, every fuckin minute. Dogecoin has annual inflation of 5 billion new tokens. In addition to this, the supply is highly centralized with ~100 wallets hold 90% of the entire supply and 1 wallet alone controls 28% of the whole circulating supply. This "asset" is up 26697% in the last 365 days, which is batshit crazy and only shows how much dumb money is circulating inside this market. Elon Musk is responsible for this, as he made it his hobby to manipulate the price of Dogecoin with his tweets. Because of his reckless behavior the price of DOGE skyrocketed to extreme highs. It is as overvalued as it gets and this will crash down violently, leaving a lot of people in the dust. Many people who were dumb enough to follow this guy will suffer financially, and this will shed a bad light to the whole crypto sphere. But Elon doesn't care, he manipulated the Tesla stock in the past with lies and was sued by the SEC in return. He decided to lie about Tesla buying back shares of the stock at much higher prices then traded at this time and this caused a sudden rise in price which in turn liquidated a lot of shortsellers. Tesla was the most shorted stock at that time and Elon didn't like that. Grasp how fucked up that behavior is. And now people are celebrating him and act like he is the "savior of crypto". That guy will dump on retail without the blink of an eye, he doesn't give a fuck about regular people. We have reason to believe that the biggest Dogecoin wallet (the one that controls 28% of the total supply) is owned by Elon Musk himself. Altough this cannot be proven, there are some indicators to support this theory. And if this wallet moves a single coin the whole house of cards comes crumbling down. And then people will say "crypto is too volatile..it is a scam etc." But Elon doesn't care, his company Tesla already made more money with their BTC trade than selling cars in 2020 and 2021. So, there are two options here, he is doing all the shilling because he "finds it funny" or because he has a financial interest. Regardless of what of the two it is, this will have consequences. Not for him, but for regular people who were uneducated enought to follow him to the slaughterhouse. Don't buy Doge. Boycott Elon Musk Exclusively for Blockchain Whispers followers, Mr. Y Fundamental analyst

⁠As Bitcoin’s payment options grow, BTC true future role up for debate Declaring BTC a store of value — e.g., gold 2.0 — but not a medium of exchange, defies logic. It must first have a use case. https://ct.com/9llj

⁠$85 million ‘Meebits’ NFT project exploited; attacker nabs $700,000 collectible The team has paused minting, and will have to use a manual workaround to prevent further exploits. https://ct.com/9llq

⁠Art reimagined: NFTs are changing the collectibles market With professionals stepping into the NFT space, the market is set to mature, making digital art a part of traditional collectibles. https://ct.com/9llr

​​There has been an exploit in the Rari Capital ETH Pool related to Alpha Homora contract. Around $14M drained. The company is investigating the situation.

🔥New Coinbase Custody Asset: (ICP) #CoinbaseCustody

Dogecoin Sets Another ATH and Looks Set to Flip BNB For the 3rd Spot. https://coingape.com/dogecoin-sets-another-ath-and-looks-set-to-flip-bnb-for-the-3rd-spot/…

@FixedFloat Review The First Bitcoin Lightning Network Compatible Digital Asset Exchange https://coingape.com/fixedfloat-review/

Results of the financial week: ▪️ Paradox: S&P 500 started the week with a correction, but then renewed its maximum, rising to 4,235 points, after bad news about the state of the US labor market. US Treasury Chief Janet Yellen and Fed officials hinted at the need to slow down inflation and noticed the threat of an overheated stock market. But the official position is still - we printed and we will print 💸 ▪️ Over the week, the dollar index lost more than 1%, thanks to the workers of the printing press. The indicator returned to the beginning of 2021, from this level of the American currency, many analysts promised a devaluation of 20% 🤔 ▪️ Weak dollar allowed gold to break out of the downtrend and rise to $ 1,830.

ValueDefi, a Binance Smart Chain based Defi protocol has become the latest protocol on BSC to face exploit. https://coingape.com/bsc-based-valuedefi-exploited-for-11m-by-scammers/

US Authorities Seek Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors New York Attorney General Letitia James is seeking a court order to immediately shut down the operations of cryptocurrency exchange Coinseed. The attorney general previously filed a lawsuit against the… read more: https://news.bitcoin.com/us-authorities-court-order-shut-down-crypto-trading-platform/

#ALPHA #ALPHAUSDT Stop loss hit.

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New SEC Chairman Unveils Policies for Cryptocurrencies, Calls Bitcoin ‘Scarce Store of Value’ The new chairman of the U.S. Securities and Exchange Commission SEC, Gary Gensler, has shared his view on how the SEC plans to regulate cryptocurrencies, particularly bitcoin. He calls bitcoin… read more: https://news.bitcoin.com/new-sec-chairman-policies-cryptocurrencies-bitcoin-scarce-store-of-value/

Widely-followed crypto strategist Michaël van de Poppe is revealing his upside price targets for Cardano, Litecoin, Ethereum, and several other altcoins. In a fresh tweetstorm, Van De Poppe provides his bullish targets for four large-cap crypto assets, plus sharding-focused protocol Zilliqa (ZIL). “Can Litecoin (LTC) reach $700? Can Cardano (ADA) reach $5? Can Chainlink (LINK) […] The post Top Analyst Says Traders Are Sleeping on Several Altcoins, Unveils Ethereum, Cardano, Litecoin and Chainlink Price Targets (https://dailyhodl.com/2021/05/08/top-analyst-says-traders-are-sleeping-on-several-altcoins-unveils-ethereum-cardano-litecoin-and-chainlink-price-targets/" rel="nofollow" target="_blank">https://dailyhodl.com/2021/05/08/top-analyst-says-traders-are-sleeping-on-several-altcoins-unveils-ethereum-cardano-litecoin-and-chainlink-price-targets/) appeared first on The Daily Hodl (https://dailyhodl.com/).

Top Analyst Says Traders Are Sleeping on Several Altcoins, Unveils Ethereum, Cardano, Litecoin and Chainlink Price Targets https://dailyhodl.com/2021/05/08/top-analyst-says-traders-are-sleeping-on-several-altcoins-unveils-ethereum-cardano-litecoin-and-chainlink-price-targets/