GM Digest #358 — And Again
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Germany Bitcoin Balance is Now Zero
• The recently seized Bitcoin from film piracy website Movie2k have been in sold off for the past 3 weeks
• Germany is now out of BTC to sell (its original holdings was 50k BTC, $3.3bn) The continuous sell-off in conjunction with Mt.Gox fears have contributed to the decline in BTC price over the past weeks
• BTC has now recovered to $60k level since market realizes that there’s going to be no more significant BTC sell-pressure
pSTAKE Testnet
• @pStakeFinance has launched its Bitcoin Liquid Staking Testnet on the Babylon chain
• This testnet allows users to deposit and withdraw $sBTC (testnet BTC) and is currently semi-public, requiring invite codes available via pSTAKE's Telegram and Discord
• Participants in the testnet will receive extra points in a future points program set to launch with the mainnet
• The testnet marks the first version of pSTAKE's BTC yield and liquid staking solution. Future versions will introduce additional features such as yield-generating BTC tokens and other Bitcoin yield sources
Aleph Zero Governance
• @Aleph__Zero is nearing the implementation of on-chain governance in collaboration with Syncra, a DAO-as-a-Service platform
• This partnership will enable privacy voting and Aleph Zero community members who stake $AZERO will be able to vote on key decisions
• Initial votes will address the inflation rate of $AZERO and the launch of the community treasury ecosystem fund, which holds over 6 million $AZERO
• The community grant treasury, funded with 10% of annual inflationary coins, will be managed via community proposals and votes
GorplesCoin
• @Gorplescoin is launching a ticket campaign for the Gorple Games, providing 2,000 free tickets, each worth 25,000 $GORPLE
• The games will stimulate the Gorpopolis economy over 112 days, offering fair distribution and financial recovery. Starting Jul 15, tickets will be distributed, with 1,500 allocated through collaborations and 500 through community efforts
• The tickets will vest in three stages: 33% at claim, 33% after one week, and the final 34% after another week, contingent on participation
• Opportunities to win tickets include education programs, competitions, and engaging on Discord
• GorplesCoin was previously known as BorpaToken
Misc News
• @AethirEco is partnering with @GameSwift_io. Aethir's edge computing network will support GameSwift's services, enabling cloud gaming in the process
• @pudgypenguins “Pudgy Wizard” collectible releases July 15th, at 8:45pm EST
• @zaponblast reached $100m in valuation, successfully raised $15m funding round led by Rarestone, Cypher, and Sharding Capital
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*