$517B in Unrealized Losses 😮

$517B in Unrealized Losses, Solana Meme Coin up 1,875% in 2 Days, Best Crypto Games For Passive Income, Gainers & Newbies, Stock-to-flow Model

AuthorAuthor

Traci Smith & Mike Cullison
June 03, 2024

GM 💡 This is Daily Gains, lighting up your inbox this evening with some of the best news in the crypto markets. 👀

In Today’s Crypto World:

  • $517B in Unrealized Losses Hit US Banking System 😮

  • Solana Meme Coin up 1,875% in 2 Days 🚀

  • 6 Best Crypto Games To Earn Passive Income 💵

  • Gainers & Newbies 👀

  • Daredevil #4 - FA Killgrave ‼️

  • Stock-to-Flow Model ⭐️

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

$517B in Unrealized Losses Hit US Banking System, FDIC Says 63 Lenders on Brink of Insolvency

Unrealized losses in the US banking system are once again on the rise, according to new numbers from the Federal Deposit Insurance Corporation (FDIC).

dailyhodl.com

Solana Meme Coin by Iggy Azalea Skyrockets 1,875% in 2 Days

Iggy Azalea's controversial MOTHER token becomes hottest topic in crypto, skyrocketing almost 2,000% in just two days

u.today

6 Best Crypto Games To Earn Passive Income In 2024

Online gaming and cryptocurrency are two trending topics of recent.

coinfomania.com

Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week.

news.bitcoin.com

DEGEN PLAYS
GAINERS & NEWBIES 👀 

*Market insights are updated daily.

VEVE & NFT
DAREDEVIL #4 - FA KILLGRAVE ‼️

CHART OF THE DAY
STOCK-TO-FLOW MODEL ⭐️

Stock to flow is a forecasting tool for Bitcoin price.

It creates a line on the chart above that shows an estimated price level based on the number of bitcoins available in the market relative to the amount being produced (mined) each year.

The score on the stock to flow line is the forecasted price for bitcoin at that particular time. By hovering your cursor over the line on the chart, you can see the forecasted price. To date, it has broadly forecasted price correctly as $BTC price has followed the stock to flow line.

As the amount of bitcoins to be mined reduces over time, the stock to flow number (s2f ratio) increases, as supply coming onto the market is reducing. That is why this model is forecasting that the price of Bitcoin will increase in the future.

OWL’S EYE VIEW
Crypto Video Spotlight 🔦

HOOT’S OF ENLIGHTENMENT
SOLANA SCALABILITY 📈

Solana is a high-performance blockchain platform known for its speed, scalability, and low transaction costs. Key benefits include:

  1. High Throughput: Solana can process over 65,000 transactions per second, far surpassing many other blockchains.

  2. Low Latency: Transactions on Solana are confirmed in just a few seconds, enhancing user experience and enabling real-time applications.

  3. Cost Efficiency: With transaction fees often less than a cent, Solana is highly cost-effective, making it ideal for decentralized applications (dApps) and microtransactions.

  4. Scalability: Solana’s architecture supports horizontal scaling, ensuring performance remains high as the network grows.

  5. Robust Ecosystem: Solana has a growing ecosystem of dApps, DeFi projects, and NFT platforms, attracting developers and users alike. 

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

OWLGO’S LOLS
DAILY MEMES 🤣

Brought To You By: DailyGainsCrypto.com 

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.05/31/2024