1-Maxis advises against selling your Bitcoin. So why are they so obsessed with the price of Bitcoin?
Hardcore bitcoiners often use the word "hodl." The word "hold" is spelled incorrectly. The term's origins effectively convey the essence of the "Never sell your Bitcoin" mentality.
The word "hodl" was first used in a Bitcointalk forum topic in 2013. A drunken hobby investor using the GameKyuubi username wrote the initial message. His statement, "I AM HODLING," was a well written tirade during the decline in the price of Bitcoin (and the OP's premature argument with a lover).
GameKyuubi describes himself as a poor trader in the post and states that he would keep Bitcoin rather than attempting to time the market as successful traders do.
"Only if you are an illusionary novice or a skilled day trader would you sell in a bear market. Those between them hold. Only if you sell may traders steal your money in a zero-sum game like this one.
People on the site were moved by GameKyuubi's message and replied with several calls to hoard, which led to the creation of a meme and a phrase that is still in use today.
2-Interview: Plume's strategy to reach $4 trillion in tokenized real estate by 2035
According to a forecast that was published by Deloitte not so long ago, the tokenized real estate market may reach $4 trillion by the year 2035. Although the amount is fairly high, it is still a drop in the bucket when compared to the total size of the real estate market throughout the world, which is estimated to be $658 trillion.
The argument in favor of tokenizing real estate is straightforward: blockchain technology has the potential to update the tracking of ownership, the access to assets, and the movement of finance across markets. Real estate is about as "real world" as it gets, and the fact that tokenization is reshaping the greatest asset class in the world says volumes about the future of investing.
I had a conversation with Teddy Pornprinya, who is the co-founder of Plume Network, in order to get an understanding of what it takes to genuinely facilitate this shift. Plume is currently working on the infrastructure layer, which has the potential to assist in making tokenized real estate and other real-world assets suitable for scaling, compliance, and accessibility.
During the course of our chat, Pornprinya explains the difficulties associated with cross-chain interoperability, the complexity of regulatory frameworks, and user trust, while also providing an explanation of how Plume is constructing for both institutional adoption and retail access. This is our whole question and answer session.
3-Listed in Canada SOL Strategies purchases more Solana
On Tuesday, May 6, the publicly traded firm in Canada made the announcement, revealing that the completion of the $20 million transaction was made possible by the first tranche of its $500 million convertible note facility.
As stated by SOL Strategies, the purchase was accomplished at an average price of $148.96 per token, and it was for a total of 122,524 Solana Solana tokens. According to the corporation, the new SOL haul was purchased with a total expenditure of around $18.25 million.
As for Teddy Pornprinya: This particular magnitude of tokenization is included in the Plume Arc endeavor that we have. In order to accommodate such quantities, we have developed an architecture that prioritizes compliance and interfaces directly with licensed partners for the sake of compliance and on-chain and off-chain operations. Because these linkages provide us with jurisdictional flexibility, we are able to guarantee that the asset is onboarded in a manner that is compliant regardless of whether it originated in the United States or outside.
Workflow engines are used to handle the tokenization process itself. These engines simplify the process of asset onboarding for teams who are not acquainted with the mechanics of on-chain transactions. Through our Nest application, we have already onboarded institutional-grade products such as BlackRock, Blackstone, and Pimco REITs. This pertains to the infrastructural side of things. A number of our institutional partners in New York, including Apollo, are also actively participating in our collaborative efforts. The infrastructure that we have in place is currently capable of handling tokenized institutional assets, and we are sure that it can scale up as demand increases.
4-Will Powell's tone increase the value of Bitcoin?
Given persistent worries about inflation and economic stability, economists now agree that there is a substantial likelihood the Fed will keep its benchmark interest rate between 4.25 and 4.5%.
Ahead of the conference, Bitcoin has shown resiliency, trading at around $95,000, while Ethereum Ahead of the summit, Bitcoin has shown tenacity, trading at around $95,000, while Ethereum
Ethereum is trading close to $1,787.
Nonetheless, macroeconomic indicators, especially those originating from the Fed's policy choices, continue to have an impact on the larger cryptocurrency market.
Fed Chair Jerome Powell's remarks are being eagerly watched by market players for clues about the central bank's future course in policy.
A dovish tone, implying possible rate reductions or a halt in quantitative tightening, may infuse the cryptocurrency market with hope, pushing Bitcoin above the $100,000 threshold and boosting the performance of other cryptocurrencies.
On the other hand, a hawkish approach that emphasizes ongoing inflation worries and a dedication to strict monetary policy would push cryptocurrencies down, with Bitcoin perhaps retesting support levels around $89,000.
Nonetheless, macroeconomic indicators, especially those originating from the Fed's policy choices, continue to have an impact on the larger cryptocurrency market.
Fed Chair Jerome Powell's remarks are being eagerly watched by market players for clues about the central bank's future course in policy.
A dovish tone, implying possible rate reductions or a halt in quantitative tightening, may infuse the cryptocurrency market with hope, pushing Bitcoin above the $100,000 threshold and boosting the performance of other cryptocurrencies.
On the other hand, a hawkish approach that emphasizes ongoing inflation worries and a dedication to strict monetary policy would push cryptocurrencies down, with Bitcoin perhaps retesting support levels around $89,000.
References
https://crypto.news/never-sell-your-bitcoin-bitcoins-price/
https://crypto.news/interview-how-plume-plans-to-scale-tokenized-real-estate-to-4-trillion-by-2035/
https://crypto.news/canada-listed-sol-strategies-buys-more-solana/
https://crypto.news/federal-reserve-meeting-looms-will-powells-tone-push-bitcoin-higher/

Comments (1)
Interesting!!!