Mario Nawfal

#Binance saw its Open interest fall by 40% from $5.5 billion to $3.3 billion, and Bybit’ Open interest fell from $3 billion to $1.6 billion. Large spikes in Bybit and Binance’s Open interest usually trigger sharp price movements in $BTC. Something to consider.

#Grayscale is expressing concerns over Solana’s decentralization prospects. Solana may require more specialized equipment to participate in the network which only certain entities may be able to afford. Decentralization must remain the primary goal

Low trading volume is usually a good TA indicator – but not at the moment. Low supply on exchanges means that prices can move significantly up and down even without meaningful changes in trading volume.

Decentralized social media will not be built with smart contracts. 50,000 #DeFi transactions, may generate zero bytes of new state data, but this won’t be the case with 50,000 social transactions on-chain.

#Ethereum may turn deflationary as early as this month. This reason alone is all you need to remain bullish on $ETH

1/ POAPs as badges of honor? #POAP means Proof-of-Attendance (Protocol) is a type of NFT used to show that a fan attended an event, in real life or virtually. They are already a virtue-signaling tool and a tradeable asset.

#Ethereum is already its own global empire, generating more economic activity than smaller nation-states. And all you need to become a citizen is a Web3 wallet and some $ETH for gas fees.

A network model is not exclusive to #Bitcoin. Bitcoin merely shows the way

The absolute lion's share of #Coinbase revenue comes from retail trades, using a 1% fee. $1.4 billion in revenue the last quarter. Their "supplementary services" are really second by a mile, focusing on retail buying/trading is their golden goose.

#OpenSea is planning to conduct an IPO. It's a bit weird and unusual. Why not just do a large token airdrop like ENS recently did? New #NFT platforms appear by the day and brand loyalty in this space is still feeble.

Retail transactions have accounted for more than 80% of all NFT transactions on any given day in 2021, but collector-sized transactions had risen from 6% in March to 19% by Oct. 31, A rise in collector transactions is a good thing.

Fact: #Bitcoin mining uses less energy than Christmas lights

#Tinder plans to build a Tinderverse

Top 3 #metaverse stocks to place under your radar: - Meta Platforms Inc. (NASDAQ: FB) - Roblox Corporation (NYSE: RBLX) - Snap Inc. (NYSE: SNAP)

Unpopular opinion: radical sovereignty will be a burden for most people. An additional layer of providing sovereignty management services is likely. Decentralization will have a hard road ahead.

dYdX has announced gas-free migration to Layer 2 for its users. Very clever. This is music for the years for users looking to avoid high gas fees while bridging. For dYDX this subsidy is just a customer acquisition cost.

Web 3.0 #Metaverse virtual worlds have nearly 50,000 all-time users (active wallets as proxy), up ~10x since the beginning of 2020. This is TINY, but we are still at the very beginning.

I'm finally beginning to get bullish, just not there yet About time we correct, and I hope we don't suddenly start pumping again Good things take time Bubbles don't...

1/ With the rise of #playtoearn gaming, there has been an increased demand for a multi-chain rental marketplace where gamers can enjoy the profit of P2E without the large initial upfront investment.

$BTC is going sideways but the metaverse is exploding. Wolf Game, the latest hit in the Play-to-Earn category has already traded north of 12,300 ETH on OpenSea.

Is selling pressure from Bitcoin miners what keeps the $BTC price down? A resounding no. Since the #Bitcoin halving in May 2020, the 900 BTC mined a day has been 0.7% of the daily spot volume – not nearly enough to move the price.

#Bitcoin’s transaction fees have been extremely low lately. Do you know why? Because of a sharp reduction in Bitcoin’s mempool. Caused by the SegWit update, Less on-chain activity, and transaction batching by the top exchanges. Bitcoin is awesome

It seems that $BTC is currently dominated by short-term swing traders who take profits at the highs and then begin to capitulate at the lows. Whales keep accumulating. Follow the smart #money.

A #metaverse-first product launch? You bet. Givenchy is going to promote its Spring 2022 collection through #NFTs. Good news and even more mainstream adoption.

In the absence of Bitcoin ETFs, mining stocks are turning into #bitcoin investment vehicles. Most mining companies have outperformed bitcoin in 2021. Bitcoin has increased 119%, while Marathon and Hut 8 have seen 521% and 380% gains, respectively.

StarkNet and zKsync plan on launching EVM-compatible zKrollups soon. What excites me here is that compared to Optimistic rollups where native withdrawals of any asset take more than one week, zK-rollups reach finality of #Ethereum in roughly 10 min.

Brave browser has announced a built-in crypto wallet. With this move, they are directly competing against #Metamask. Does that mean Metamask will have to bring back its users by releasing an #airdrop soon? Watch out for a potential Metamask token airdrop.

#Metaverse Property is creating what is called the first metaverse real estate investment trust(REIT), which will trade through a #NFT that is backed by the company’s virtual land portfolio. Let’s state that again – a virtual REIT whose virtual shares are backed by virtual land.

#Meta is building handwear “that reproduces sensations like grasping an object or running your hand along a surface.” The ‘glove’ has been in the works for 7 years. Just like #Roblox, what looks like an overnight sensation has been in the works for years prior. #metaverse

@ConstitutionDao is looking to raise $20m to buy one of 500 remaining copies of the US constitution. They have already raised close to $5.5m