🦉 Hot Wallets Vs Cold Wallets 🤔

Rumble Boss ‘Departed’ From Europe After Telegram CEO Arrest, TON Down 14% as Telegram CEO Pavel Durov Arrested in France, and more!

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Traci Smith & Mike Cullison
August 26, 2024

GM 🦉 Start the week strong with getting up to date with everything crypto!

In Today’s Crypto World:

  • Rumble Boss ‘Departed’ From Europe After Telegram CEO Arrest ✈️

  • Hot Wallets Vs Cold Wallets 🤔

  • TON Down 14% as Telegram CEO Pavel Durov Arrested in France 📉

  • Gainers & Newbies 👀

  • Alien Drop 👽

  • Coin Days Destroyed 🔬

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Rumble boss ‘departed’ from Europe after Telegram CEO arrest

Chris Pavlovski, CEO of video-sharing platform Rumble, said he left Europe after French authorities arrested Telegram co-founder Pavel Durov.

cointelegraph.com

Crypto Hot Wallets Vs Cold Wallets: The Key Differences

Understanding the differences between hot and cold crypto wallets is an important step in securing your digital assets. Read our guide to deepen your understanding of the key differences.

www.forbes.com

TON Down 14% as Telegram CEO Pavel Durov Arrested in France

Durov's arrest stems from a warrant issued by France's OFIM, an office that works to prevent violence against minors, as part of a complaint into Telegram's lack of moderation and cooperation with law enforcement.

www.coindesk.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
ALIEN DROP 👽

CHART OF THE DAY
COIN DAYS DESTROYED 🔬

Indicator Overview

Coin Days Destroyed (CDD) takes the number of coins that have moved on-chain at a particular time and multiples that value by the number of days since those coins were last moved:

Number of coins * days since coins last moved = coin days destroyed (CDD)

Some simple examples showing how Coin Days Destroyed is calculated:

  • A UTXO for 5 BTC that has not moved for 100 days has accumulated 500 coin days.

  • A UTXO for 10 BTC that has not moved for 1 day has accumulated 10 coin days.

  • A UTXO for 0.1 BTC that has not moved for 100 days has also accumulated 10 coin days.

This metric, therefore, gives an extra weighting to coins that have not moved for a long period of time.

Why would we do this? Because Bitcoin investors who have been in the market for long periods of time and have accumulated bitcoin are likely to have a greater understanding of Bitcoin’s price cycles versus newer entrants into the market.

We can therefore consider them to be ‘smart(er) money’. For this reason, there is value in tracking large movements in coin days destroyed over time.

Coin Days Destroyed is sometimes also referred to as Bitcoin Days Destroyed.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS MONERO? 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS ATOM? 💡

Cosmos (ATOM) is the native token of the Cosmos network, which aims to create an “Internet of Blockchains” by enabling different blockchains to interoperate seamlessly.

ATOM is used for staking, governance, and securing the Cosmos Hub, the network's central blockchain. Key points include its focus on scalability, sovereignty for individual blockchains, and cross-chain compatibility through the Inter-Blockchain Communication (IBC) protocol.

ATOM is amazing because it addresses the interoperability challenges in blockchain technology, allowing diverse networks to communicate and transact, thereby fostering a more connected and scalable decentralized ecosystem. This innovation positions Cosmos as a key player in blockchain evolution.

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

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DAILYMEMES 🤣

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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.05/31/202406/12/