The Capital: The Blossoming Era of Cosmos 2.0.
DAILY CONQUEST #091Today’s crypto insights and alpha.Photo by Jeremy Thomas on UnsplashThe crypto market is a wild, wondrous and intimidating place; don’t trek alone! Subscribe to The Crypto Conquistador, and let us be your guide.Subscribe to this daily newsletter TO NEVER MISS AN ISSUE.OverviewThe new era in CosmosMarkets: Crypto climbs while currencies implode.The next episode of “Where in the world is Do Kwon?”The Helium network failure.Good morning Banter Fam,The Cosmos ecosystem is home to nearly 40 various interchains and is well positioned to grow substantially in the next year. Still, the central chain Cosmos Hub and its ATOM token serve a minimal role.In the face of this identity crisis, its latest update is about to change all that.The Cosmos team released a new white paper during its Cosmoverse Conference in Medellin, Columbia, which updates the utility of Comos Hub and its token ATOM. Until now, the ATOM token encompassed little utility other than speculation.The new white paper and the subsequent update will pivot the Cosmos Hub into a blockchain security role, where any interchain on the network can lean on Cosmos’ abundance of validators to increase security on their native interchain, minimizing their security efforts. This Medium article presents the new security updates, dubbed Interchain Security.Moreover, the Cosmos devs look to upgrade an outdated validator staking model to include liquid staking, increasing liquidity on all the interchains and improving incentives to own ATOM. Ultimately the incentives will likely increase demand for ATOM. Did I mention there’s an upgrade issuance model too?Helix Mirza @ Cosmoverse 🧬🥷 on Twitter: "The new $ATOM 2.0 issuance model is going to melt faces.TLDR: Less $ATOM issuance. Less supply. More @cosmos up only. pic.twitter.com/mE5AQG9U2S / Twitter"The new $ATOM 2.0 issuance model is going to melt faces.TLDR: Less $ATOM issuance. Less supply. More @cosmos up only. pic.twitter.com/mE5AQG9U2SNeed a guide to the Cosmos 2.0 ecosystem? @defi_naly provides the ultimate guide below on Twitter:naly on Twitter: "The @cosmos ecosystem is flourishing. $ATOM 2.0 is coming. This is your ultimate guide.A mega 🧵 pic.twitter.com/uXoZd88aWS / Twitter"The @cosmos ecosystem is flourishing. $ATOM 2.0 is coming. This is your ultimate guide.A mega 🧵 pic.twitter.com/uXoZd88aWSMarket update 🌍BTC/USDT 1DSatoshi’s orange invention shows strength today amid the world’s currency wars that Ran covered in his tweet. Could the markets enter an unprecedented era where holding the dollar becomes detrimental to local economies? It’s a possibility and a subject we will continue to explore over the coming months. Despite US equities continuing to struggle, BTC climbed +2.24% to $19,227 yesterday and looks primed for another leg up after climbing another +2.85% in today’s opening hours.High-resolution chartATOM/USD 1DThe price of the ATOM token has reached a significant inflection point of intersecting trendlines at the dawn of the ecosystem’s major updates. These types of price action events often result in explosive breakouts or downturns as price begins to consolidate before a major move. Watch for a decisive breakout with high volume to confirm this pattern.High-resolution chartIf you’re enjoying this report and think it’s worth 20 sats (.01 cent), please press the clap button below to help support my writing. (Up to 50 times!) THANKS!Newswatch 📰Helium is anything but a proclaimed “People’s Network.” According to an article by Forbes where Duke professor Lee Reiners discovered that 70% of HNT tokens went to Helium insiders while the community received only 30%. Insiders mined a quarter of all HNT within six months, and current network participants are earning minimal rewards.Where in the world is Do Kwon? After failing to locate Do Kwon in Singapore, Interpol has issued a “Red Notice” to locate and arrest fugitive Do Kwon to worldwide enforcement agencies. Do Kwon took to Twitter to claim, “Yeah as i said i’m making zero effort to hide.”Binance implements Terra Classic (LUNC) burn mechanism. The crypto exchange conglomerate Binance has enacted a LUNC trading fee burn mechanism. As a result, LUNC is up 49% a day after the announcement.News tidbits:New York state regulators announce enforcement actions against Nexo.Aragon Network is holding votes for a shift in its DAO structure.Australia CBDC pilot to see completion in 2023.ECB explores the use of distributed ledger technology for interbank settlements.NFT & metaverse update 🐵Apple introduces NFT sales in its app store with a 30% transaction fee. On the other hand, Opensea charges a 2.5% transaction fee.Walmart launches Metaverse experiences in Roblox. Welcome to Walmart Land.My five cents….Would you look at that?Another day that crypto shrugs off the stock market woes. But why?The rapid rise of the dollar is plummeting the value of currencies around the globe, including the Euro, Japanese Yen, and now the British Pound. So why the US conducts aggressive monetary policy to battle inflation, other countries are feeling the heat in their local currency.Could it be that citizens are beginning to search for an outlet?Either way, the narrative is powerful and, if the pattern continues, could carve a significant role for Bitcoin in a troubling world economy whose unchecked money printing has placed many countries in quite the jam.Gabriel MorenoFollow me on Twitter for daily updates!NEVER FINANCIAL ADVICE!Check out our new platform 👉 https://thecapital.io/https://twitter.com/thecapital_iohttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefThe Blossoming Era of Cosmos 2.0. was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
Additional Info
- Read full article on: The Capital
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.