Harmony, a leading blockchain platform (cryptocurrency) known for its innovative sharding and EPOS system, will be hosting an AMA (Ask Me Anything) session on DeFi (Decentralized Finance) with Swoop Exchange on May 8th at 4:00 PM UTC. Harmony's technology allows for secure, scalable, and fast transactions by dividing the network load and empowering validators through staking its native token, ONE. This AMA promises to be a valuable resource for anyone interested in learning more about DeFi on Harmony and the potential of this powerful cryptocurrency.

So where can I "allegedly" trade without having to incur capital gains tax? Also where are all you guys legitimately trading at? Having been out of the loop since the whole binance dot us split and the closing of coinbase pro?

I've observed that a majority of lending platforms require you to provide collateral that matches or exceeds the loan amount on a 1:1 basis, if not more.
It's quite common for these platforms to cap the borrowing limit at 75% of the collateral value.
Considering this, why would someone opt to borrow cryptocurrency by locking in another as collateral, instead of just trading them directly on an exchange? Especially when exchanges often offer much lower rates compared to the hefty ones seen on DeFi lending platforms?

South Korea's new donation rules have totally excluded crypto, even though they've included gift vouchers and stocks. Kinda surprising, right? Especially since crypto donations hit over $2 billion globally. What's stopping them from letting people donate with crypto?

https://www.bitdegree.org/crypto/news/no-room-for-crypto-in-south-koreas-new-donation-rules?utm_source=reddit&utm_medium=social&utm_campaign=r-south-korea

Hey,

ever noticed how BTC at $63k can feel totally different from one week to the next?

Now you might wonder why.

Sure, market sentiment is a big factor, but there’s more to it.

Think about this: When BTC was at $16k in 2017, everyone was euphoric.

Fast-forward to 2022, and BTC hits $16k again, and suddenly, everyone's in despair.

Even though the price was the same, the onchain metrics painted a vastly different picture.

In 2017 they were overheated and in 2022 they were oversold.

The biggest mistake most investors make is that they never look at onchain metrics.

That’s why I will share my top 3 on-chain metrics with you so that you can identify the best time to sell near the peak.

The three metrics can help you time the market without needing to look at the price of BTC are:

• MVRV
• NUPL
• Puell Multiple

Let’s start with MVRV

1️⃣ MVRV (Market value realized value)

This metric measures whether Bitcoin is overvalued compared to its historical average.

If MVRV exceeds 2, it indicates that the current price is much higher than what most holders paid, suggesting that we are moving towards the peak.

However, keep in mind the MVRV has exceeded 4.0 in 2021 which shows it can go much higher than expected.

You can look at the current BTC MVRV value here.

2️⃣ NUPL (Net unrealized profits and loss)

NUPL identifies the overall market sentiment by showing the proportion of Bitcoin holdings in profit or loss.

A NUPL value in the "greed" zone (above 0.7) is very strongly correlated with market tops.

The higher it goes the stronger the sell signal.

You can look at the current NUPL value here.

3️⃣ Puell Multiple

This onchain metric compares the daily earnings of Bitcoin miners against the average over the past year.

View the Puell Multiple chart here.

Here’s how to use the Puell Multiple:

Puell Multiple > 2.5 = You should sell up to 25%+ of your BTC/alts on upward moves. This will give you a lot of capital to buy back during capitulation events.

Puell Multiple > 5 = You should be selling 75%+ of your BTC portfolio. Furthermore, you must set sell orders for your altcoins, as they often pump after BTC pumps.

If you want a more in-depth read with charts and links then read this version here.