Cryptography scare for crypto? | Crypto Talk

Show notes

Not only is quantum a scare for crypto, now we also have a cryptography scare from AI?!

00:00 Intro 00:27 Disclaimer 00:31 Preview 00:44 Bitcoin 02:53 Ethereum 04:16 Near 06:41 Subscribe & Good bye

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Show transcript

00:00:00: Strategy is buying Bitcoin.

00:00:03: Again, Ethereum is dropping an interesting feature and NIR is recovering from its shock.

00:00:10: That and more in the crypto talk this week!

00:00:24: This

00:00:27: video is not a financial advice.

00:00:31: In this week's episode, we will talk about Bitcoin.

00:00:33: We'll focus on Ethereum and then And we have to start of course with strategy, which we haven't talked about for a long time.

00:00:48: But strategies quarterly result is in and they have booked about twenty one billion US dollars off profits.

00:00:57: it's in the books It's not realized but it just shows you that strategies strategy Is obviously working when The Bitcoin price is rising slowly as well.

00:01:07: They bought another three hundred thirty four bitcoin.

00:01:11: In the meantime there are around are right now holding around eight hundred forty-eight thousand Bitcoin and about five point seven billion US dollars worth of assets.

00:01:21: And they're not the only one bit.

00:01:22: mine is as well buying an Ethereum in this case fifteen thousand Ethereum, there are close to six million tokens and closer than five percent they set out has their goal a hundred twenty two million ETH and ninety nine per cent off their goal goal of around five percent and most of that Ethereum, I think about five million here is being staked.

00:01:49: So they are making a three digit in-million stake yield as well.

00:01:55: but first let's talk the Bitcoin chart which slowly gearing up for another leg.

00:02:03: So as you can see, we've talked about this in the last couple of weeks kind Maybe a quick test back and then sideways move here.

00:02:35: But again, of course with the news coming out of Russia regarding potential pandemic nobody really knows.

00:02:42: we have to be prepared for The News To Turn Around as well.

00:02:46: but Then I think this should hold up at around seventy five to seventy six thousand US dollars!

00:02:54: An interesting feature has come up, ZKAPI private usage credits for any API.

00:03:00: Now ZK API stands for zero knowledge API and the idea is very simple.

00:03:06: it's essentially a feature for AI agents.

00:03:10: now The main part of course if you want to use an API You usually would go publicize that type of information to either the API service or the service provider.

00:03:23: But with a ZK API, you can keep it completely private and you can still access the API which is an interesting feature considering that more and more AI agents will probably rule the world make more transactions.

00:03:39: So this development that has come up last week is essentially a way for Ethereum to prep also three thousand US dollars and I still think they are in pretty good shape to get there fairly shortly.

00:04:16: Now, next up we should talk about near because Near has on one side had a great last week Because the near ETF was started by Bitwise The short name is NRR And at the same time They did have A heck of the near intense.

00:04:32: so About three point eight million us dollars Was stolen dropped actually, and then recovered fairly quickly because they were able to get those three point eight million US dollars back.

00:04:45: Now if we look at the near ETF flows today you can see The following picture currently sixty million assets on the management And kind of on a daily.

00:04:55: it is not as high As We would like To See.

00:04:58: but If You compare this for example A two Chainlink We're seeing Two Hundred Thirty Five Million Assets On the Management.

00:05:05: But the chain link one is much, much older.

00:05:08: So we already had this one in December twenty five and it is only sitting at two hundred thirty-five million.

00:05:15: I do believe the near ETF will actually get more money as we go.

00:05:19: compare that also to the Zcash ETF which has a very short time into market end of August essentially an all ready close to a billion US dollars?

00:05:31: the thing also to rise as well.

00:05:33: And with that by proxy, the near ETF should rise.

00:05:37: now if we look at the chart this is exactly what has happened.

00:05:39: so We did have these kind of rise up here towards a five dollars and fifty cent and then it came back to around four dollar.

00:05:47: sixty since then has recovered an when I do expect his kind of this third profit taking area which would sit out round six two seven US dollars.

00:05:58: Now Here i Do Expect Kind Of A Bigger Pullback towards maybe three fifty or three eighty and then we will go toward eight dollars and a dollar USD.

00:06:09: Now, the interesting part here is a lot of people are saying between six and eight dollars.

00:06:14: There's lots of VC money and MISI money pressure pent up.

00:06:18: so we can expect maybe kind of selling point.

00:06:22: but I still think NIR has way to go when this will go higher and higher.

00:06:28: these are my future projections for NIR as well especially considering that they're hitting multiple narratives at same time has a bright future

00:07:00: ahead.

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