I was doing research on SocialFi when something caught my eye, called Pulse. After doing more research, I became quite interested in this concept. So far, here's what I know about SocialFi. Are these points accurate?

• Pulse
  Friend.tech
  Open Campus
  Lens Protocol
  Hooked Protocol

BlackRock recently launched its first tokenized asset fund, BUIDL, on the Ethereum network, venturing into the RWA (Real-World Assets) domain. Yeah~

So I was reading different articles and here are what I found for top RWA Projects. In order to help more people understand RWA: (Feel free to add more)

Goldfinch: A decentralized protocol offering non-collateralized crypto loans, mainly in emerging markets.

GFI: Market Cap $144.1M, FDV $236.3M, 60.9% Unlocked
Clearpool: A decentralized finance ecosystem on Ethereum and Polygon for institutional unsecured loans.

CPOOL: Market Cap $87.5M, FDV $195.4M, 44.7% Unlocked
Ondo Finance: Aims to democratize access to institutional financial services with a focus on transparency.

ONDO: Market Cap $1.18B, FDV $8.2B, 14.3% Unlocked
Nexera Foundation: Enhances finance with blockchain for efficient digital and real-world asset management.

NXRA: Market Cap $189M, FDV $203M, 93.1% Unlocked
Polytrade: Connects trade participants with a blockchain-based finance protocol.

TRADE: Market Cap $52.7M, FDV $167.5M, 32.5% Unlocked
Creditcoin: A multi-chain credit protocol for recording credit transactions.

CTC: Market Cap $271M, FDV $507M, 53.4% Unlocked
Dusk Network: Privacy-centric blockchain for financial services, leveraging smart contracts.

DUSK: Market Cap $197M, FDV $215M, 91.6% Unlocked
IX Swap: A DeFi platform for security tokens, offering a range of tokenization services.

Next month will be Bitcoin halving, how far can the price go down? or how high can the price go up?

I do support meme coins and I think meme plays an important role in the crypto world.

Some of the top meme coins I have purchased or I will purchase:

(please let me know if you other thoughts)

• ConstitutionDAO (PEOPLE): A DAO initiative that raised over $42 million to buy a 1787 U.S. Constitution copy, demonstrating DAOs' potential despite losing the bid.

• Shiba Inu ($SHIB): Known as the 'Doge killer,' Shiba Inu ranks 15th among cryptocurrencies, with its Shibarium network enhancing transaction speed and cost.

• Pepe Meme Coin ($PEPE): A token inspired by Pepe the Frog, popular for its vibrant community and presence in social media trends.

• Scotty the AI ($SCOTTY): An AI-enhanced meme coin focusing on crypto security and fraud detection.

• Dogecoin (DOGE): The iconic meme coin with substantial community support and widespread acceptance.

• Smog ($SMOG): A Solana-based token aiming to differentiate through significant airdrop strategies.

• Sponge V2 ($SPONGEV2): Combines high staking yields with a play-to-earn racing game for its holders.

• Frog Wif Hat ($FWIF): A new meme coin targeting investors with its whimsical theme and potential returns.

• Meme Kombat ($MK): Features a battle arena for iconic memes, offering entertainment and investment opportunities.

• Poodl Inu ($POODL): A dog-themed meme coin with high staking APY, targeting investors in the vibrant meme coin landscape.

• ApeCoin ($APE): Offers governance features and is associated with the prestigious Bored Ape Yacht Club NFT collection, marking a shift towards utility in meme coins.

上周Phemex交易所推出了PhemexPulse，相当于一个Web3的社交媒体，在上面可以加入各个大咖的群并且与对方交流。用过的朋友请分享一下呗~

Last week, Phemex (totally one of the big shots in crypto exchange) kicked off something called PhemexPulse. The Apple Store says it's flipping the social trading scene on its head by giving everyone a super interactive and rewarding community vibe. I saw tons of influencers hopping on board, and guess what? I got to chat with them straight up in the PhemexPulse group chat – totally awesome!

DM me or leave your group name here, and I'll add you on PhemexPulse.

Bull markets are occurring again, and I've noticed that many platforms are offering free cryptocurrency airdrops to attract more users. Are there any airdrops you would recommend?

I don't really think China will let crypto mining make a comeback anytime soon due to its stringent regulations on cryptocurrencies and related activities. However, Hong Kong presents a more favorable environment and could be a great starting point for those interested in crypto mining. The city's more open stance towards financial technologies and digital currencies might offer better opportunities for the development and expansion of crypto-related activities.

BTC, to me, is primarily an investment vehicle. Given the limited opportunities to invest my additional cash, I turn to the crypto market, and BTC is a significant part of that strategy. It's not just about diversifying my portfolio; I see it as a hedge against inflation. In a world where traditional investments can be unpredictably affected by economic fluctuations, BTC offers a unique kind of security and potential for growth.

of course BTC can be stolen and there are more than 6 ways of getting fxxxxx up. (Excuse the language, but I need to say it because it is very serious)

1) Phishing: Scammers trick you into giving up your wallet info with fake emails or sites. (Your fault)
2) Exchange Hacks: Sometimes hackers break into crypto exchanges and steal Bitcoin. (Not your fault)
3) Malware: Bad software on your computer can swipe your Bitcoin details. (50% of your fault)
4) Scams: Watch out for too-good-to-be-true offers; they might just run off with your Bitcoin. (Your fault)
5) Public Wi-Fi Dangers: If you're using public Wi-Fi, hackers could intercept your Bitcoin transactions. (Your fault, dont use PUBLIC FREE WIFI)
6) SIM Swapping: Hackers take over your phone number and get into your crypto accounts. (Not your fault)
7) Lost or Stolen Devices: If someone gets their hands on your device with your Bitcoin wallet, they could transfer your coins out. (50% of your fault)

Congrats on your first BTC~~

One small step for man, one giant leap for Cryptokind

Trading on your own is great if you've got the skills and time. You're in full control, making your own calls based on your research and instincts. The upside? All the profits are yours, and you get a real hands-on understanding of the market. But the catch is it's time-consuming, and the learning curve can be steep. Plus, the responsibility is all on you, so you've got to be ready to handle the stress, especially when the market gets wild.

Now, about social trading and copy trading – these are awesome if you're still figuring things out or if you're strapped for time. Find the best social trading platform, and the big pro here is you can learn from experienced traders. You see what they're doing, understand their strategies, and even mirror their trades. It's like having a mentor guiding you along.

But here's the thing: you've got to be super careful about who you're following. There are legit pros out there, but also scammers looking to make a quick buck. So, do your homework, check their track records, and don’t just follow anyone blindly.

Social trading has the added benefit of community support. You're not just copying trades; you're part of a group sharing insights, which can be super helpful. The downside? You can get swayed by the crowd's opinion, which isn't always right.

Copy trading is more hands-off. You pick a trader, set your parameters, and let the system do its thing. It saves time, but you're also relying heavily on someone else's decisions. If they win, you win, but if they lose, so do you.

Signing a contract might not solve everything if the BTC price drops. Remember, this is Bitcoin we're talking about - it's really unpredictable.

Even with a contract, your siblings might still be upset if they lose money. Are you ready to take that risk with your family ties? It's not just about the money; it's about keeping a good relationship with your bros and sis. Maybe think about a safer investment or get a financial advisor on board to guide you all.

I have a silly question. Don't you need to write down the very long password or code for the wallet somewhere else? I don't think people can memorize it because it's incredibly long.

So, if you get kidnapped, you wouldn't be able to give it to the bad guys, right?

I began receiving phishing emails related to Bitcoin, Crypto, Wallets, and Warnings two years ago. Always verify the sender's email address; if an email claims to be from Coinbase but doesn't end with "@coinbase.com," then it's likely a scam.

Nope, the introduction of Bitcoin isn't likely to reduce poverty. Historically, trading systems have evolved from bartering with items like shells and fruits to using currency, yet poverty has persisted. The fundamental issue of poverty isn't necessarily tied to the type of currency in use, but rather to broader socio-economic factors, including the distribution of wealth and power. Typically, those who benefit most from changes in financial systems or the introduction of new currencies like Bitcoin are individuals already in positions of power or with substantial resources. Without addressing these underlying systemic issues, the mere introduction of a new form of currency like Bitcoin isn't sufficient to significantly reduce poverty levels.

I just did some research and found someone posted an article about social trading this week. YOU ARE RIGHT, not much on the internet yet.
After reading the article that I found, let me rephrase that for you. Social trading platforms serve as crucial resources for traders of all skill levels, enabling them to stay on top of market trends, emulate successful trading strategies, and engage in discussions about the ever-evolving world of cryptocurrency.

Also, here is what I found~~

Leading Crypto Social Trading Platforms as of 2024

Phemex: Phemex is celebrated for its cutting-edge social and copy trading features, making a name for itself in the crypto and derivatives exchange market. It allows users to mimic the tactics of experienced traders, with options to adjust these strategies to suit their own risk tolerance.
Pros of Phemex:
Customizable settings for copy trading
In-depth analysis of trader performance
User-friendly interface
A diverse selection of trading bots for different cryptocurrency pairs

Cryptohopper: Operating as an automated crypto trading bot, Cryptohopper also incorporates copy trading features. It empowers users to replicate the trades of seasoned traders, providing pre-configured strategies and a marketplace for exchanging these strategies, thus facilitating automated trading with adjustable bots.
Pros of Cryptohopper:
Compatibility with multiple exchanges
Availability of a demo account for training purposes
Customizable bots and analytical tools for technical analysis
Strategy testing capabilities
Cons of Cryptohopper:
Charges for signal services
Limited functionalities in the free version
Possible restrictions in certain regions

OKX (formerly OKEx): Formerly known as OKEx, OKX introduces a feature called OKX copy trading. This allows individuals to duplicate the trades of proficient traders, eliminating the need for extensive personal research or trading expertise, and supports an extensive array of coins and trading pairs.
Pros of OKX:
Competitive pricing structure
Interface that is easy for beginners to navigate
Low fees for deposits and currency conversion
Ability to filter traders by their Assets Under Management (AUM)
Cons of OKX:
Inaccessibility for users in the United States
Increasingly stringent Know Your Customer (KYC) protocols globally

Wundertrading: Wundertrading is centered around creating a community-focused social trading experience, promoting cooperative learning and offering educational resources. Participants can follow the strategies of successful traders, exchange ideas, and make use of various automated trading tools.
Pros of Wundertrading:
Strong focus on community development within social trading
Collaborative and educational opportunities
Availability of educational resources and tools
Promotions for a free first month of use
Support for multiple exchanges
Cons of Wundertrading:
Relatively small but expanding user base
Presence of traders with varying levels of skill

BingX: Emerging in the cryptocurrency exchange sector, BingX offers a straightforward yet adaptable copy trading feature. Users can assess the past performance and risk profiles of traders before opting to follow them, and also benefit from a community forum for sharing trading strategies.
Pros of BingX:
Engaged social trading community
Straightforward and user-friendly interface
Demo accounts for practice
Cons of BingX:
Higher fees for transactions
Unavailability to users in the United States

It is all about demand & supply.

I am a Christian, but I never try to prove God to anyone else. I do not have the knowledge or power to convince others, but I would like to share what will happen to you if you believe in God.
I changed my perspective of God, and I am a happier man. Amen

As soon as [url:https://phemex.com/academy/bitcoin-etf-approval-2024]Bitcoin spot ETFs[/url] were introduced earlier this month, issuers immediately began vying for a share of the market. These ETF products simplify the process for investors to invest in underlying assets, but they also entail management fees for the issuers. However, in the case of Bitcoin spot ETFs, many issuers quickly lowered their fees to draw in Assets Under Management (AUM). The fees vary from 0.2% to 1.5%, and some issuers are even offering a fee waiver for an initial period to boost the attractiveness of their ETFs. For instance, Valkyrie, an ETF issuer, has reduced their fees to a mere 0.25% and is offering a three-month fee waiver following their ETF's launch.

The competitive free market drives these 11 Bitcoin spot ETF issuers to enhance their services, but it remains uncertain how much investment they will pull into the cryptocurrency sector. Anticipation of SEC approval had driven Bitcoin's price from under $30k in October 2023 to over $45k by January 9, 2024. Yet, many anticipated the SEC's final approval by January, leading to a widespread "sell the news" sentiment upon the actual ETF launch. The prevalent theory suggests that by the time the ETFs received approval, this event had already been priced into Bitcoin’s value, potentially causing a price dip as the news became a reality, leaving little room for future positive sentiment. Contrarily, some argue that post-ETF approval, issuers might need to acquire more Bitcoin, potentially exerting upward pressure on its price.