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Gemini Co-Founder: XRP, SOL & ADA not suitable as reserve assets Gemini co-founder Tyler Winklevoss asserted on X that while he has nothing against $XRP, Solana ( $SOL ) or Cardano ( $ADA ), he doesn’t think they are suitable as strategic reserve assets. He added: “Only one digital asset in the world right now meets the bar and that digital asset is bitcoin.“

JUST IN: Gemini co-founder Tyler Winklevoss says XRP, SOL and ADA are not "suitable" for a strategic crypto reserve. "Only one digital asset in the world right now meets the bar and that digital asset is Bitcoin."

Commit Pi Lockup Configuration Meaning! Starting March 14th, 2022, if you locked all or just a portion of the Pi Transferable Balance, you have made a binding commitment. The said Pi balance can not be moved to the Available Balance in Pi Wallet until the timer runs out. It can be migrated to the Pi Wallet but remains in the Lockup function until the maturity date passes. Even if you change the lockup rates or time bar after the lockup takes effect, nothing will happen to the current Pi lockup amount or timer. Please read this quote from the Pi app, Migration Checklist: "You can voluntarily commit to lock up a portion of your Transferable Balance for a boosted mining rate, effective March 14, 2022. The Lockup configuration is binding upon commitment, so the amount and duration of the Lockup cannot be changed before your first Mainnet transfer. Note: Pioneers must commit to a Lockup setting to be eligible for Mainnet Migration, even if they decide not to lock up any Pi." #PiNetworkMainnet #PiNetworkkyc #PiNetwork

Chart Breakdown: 15-minute Fund Flow Donut Chart: Key Metrics: Small Order Sell (0.17%): A very small percentage of the total flow. Large Order Sell (10.43%): A significant portion, suggesting some larger players are selling. Large Order Buy (38.29%): The dominant force, indicating strong buying pressure from large orders. Median Order Sell (42.89%): A substantial amount of selling from medium-sized orders. Median Order Buy (8.07%): Moderate buying from medium-sized orders. Small Order Buy (0.15%): A very small percentage of the total flow. Interpretation: Bullish Signal: The large order buy significantly outweighs the large order sell, suggesting strong buying interest from larger players in the short term. Mixed Signals: The median order sell being high shows that a lot of people are selling off, while the large buys are happening. This could mean that big investors are buying the dips from the people selling off. Small Order Impact: Small orders have minimal impact, indicating that retail traders aren't driving the market in this timeframe. Order Size Breakdown (Buy vs. Sell): Large Orders: Buy: 414.33K (Significant buying volume) Sell: Not shown, but implied by the donut chart's 10.43% Medium Orders: Buy: 100.35K Sell: 173.0K (More selling than buying) Small Orders: Buy: 1.37K Sell: 1.83K (Slightly more selling than buying) Interpretation: Large Order Dominance: Confirms that large orders are the primary drivers of the market. Medium Order Selling Pressure: Reinforces the donut chart's indication of significant selling pressure from medium-sized orders. Small Order Neutrality: Small orders are relatively balanced, with slightly more selling. 5-Day Large Order Net Inflow (PI): Visual: A bar graph showing the net inflow of large orders over the past 5 days. Key Data Points: Fluctuations between positive and negative net inflows. Specific numerical values for each day's net inflow (e.g., 4424181, -47699565, etc.). Interpretation: Volatility: Shows that large order activity has been quite volatile over the past 5 days, with significant swings in both buying and selling pressure. Trend Identification: To determine a clear trend, you'd need to analyze the sequence of positive and negative inflows. A general up trend of the positive bars would mean a positive trend, and vice versa. Large Number Swings The large number swings show that the coin/token is very volatile. 24-Hour Funds Net Inflow (PI): Visual: A line graph showing the net inflow of funds over the past 24 hours. Key Data Points: A mix of positive and negative net inflows, with a sharp spike at one point. A percentage value of 42.9% Interpretation: Short-Term Volatility: Similar to the 5-day chart, it indicates short-term volatility in fund flows. Spike Significance: The sharp spike suggests a sudden surge in buying or selling activity, which could be due to news, market sentiment, or a large order. 42.9% This percentage is not defined in the image. So without knowing what this percentage refers to, it is hard to determine what it means. Overall Trend Analysis: Short-Term Bullishness: The 15-minute fund flow suggests strong buying pressure from large orders in the immediate short term. Medium-Term Volatility: The 5-day and 24-hour charts indicate significant volatility in fund flows, suggesting that the market is experiencing fluctuations in buying and selling pressure. Large Order Influence: Large orders are the primary drivers of the market, indicating that the coin's price is heavily influenced by the actions of larger players. Possible Interpretation: The large investors could be accumulating the coin, while the medium investors are selling off. This would make sense with the large buy vs medium sell numbers. disclaimer : don't agree with me do your investment at your own research and risk. don't agree with me do your investment at your own research and risk.

Rep. Sam Liccardo has proposed a new bill to limit the development and marketing of political-themed crypto tokens. The MEME Act, as the bill is titled, aims to bar elected representatives and government officials from participating in these digital tokens. Liccardo’s bill comes as there is increasing alarm over the proliferation of political meme coins, which some believe are being used to mislead investors and shape public opinion. The legislation, if passed, would bar public officials, including members of Congress and the President, from initiating or sponsoring political crypto tokens. Such actions could attract civil and criminal sanctions. The legislation also applies to other fiscal instruments like securities and commodities, subjecting them to the same limitation on use for politics. Liccardo referred to recent scandals as the impetus for his legislative push. The TRUMP token, a crypto tied to the former president, was an instant lightning rod in the debate surrounding political coins. Reports suggested that almost half of its investors were new to the crypto space and were susceptible to scams. Scammers took advantage of the buzz around the token, causing some investors to lose substantial amounts of money. “That wasn’t my plan when I ran for office, I can assure you,” Liccardo recently said, noting that he had not expected to have to address cryptocurrency legislation when he became politicized. He continued and chastised former President Donald Trump’s use of the token, saying, [Trump’s] behavior is so self-evidently unethical that it raises the question why isn’t there a clear enough prohibition [on political meme coins]. The bill has generated controversy in political and financial circles. They say that regulations are needed to avoid fraud and safeguard investors against deceptive financial schemes associated with political personalities. Crypto experts like Ethereum co-founder Vitalik Buterin have also in the past voiced concerns over the possible risks of political meme coins. Others worry these digital resources may also serve as a vehicle for financial manipulation, especially since word breaks out about foreign governments exploring similar cryptocurrency initiatives. In spite of these issues, the MEME Act has a difficult path ahead. The bill currently does not have bipartisan support, with Republican members of Congress hesitant about regulations that might restrict the wider crypto market. Although Liccardo has managed to find co-sponsors within his own party, opposition from GOP members has left the passage of the bill in doubt. The bill also requires Trump to surrender any gains from the TRUMP token, adding to political tensions around the proposal. Some view the MEME Act as a first step toward more crypto regulation, while others consider it an overreach aimed at particular political targets. With talks ongoing, the MEME Act has put a national spotlight on the intersection of politics and crypto. Whether the bill moves forward or not, its introduction has placed the subject of political meme coins at the center of Washington’s regulatory conversation.