Hey there fellow crypto degens,
We curate the best educational resources in crypto. Here’s a digest of the top content from The Crypto Illuminati this week.
Featured Tweet:
🛑Stop isolating potential customers by targeting existing crypto users in your marketing campaigns
🚫 Consider this terms like DeFi, Staking or KYC might mean nothing to non-crypto users
🤔 Let's strive for inclusivity in our messaging to attract a wider audience 💪
— The Crypto Illuminati (@0x_illuminati)
May 6, 2023
Got your cup of coffee ready? Alright, let's jump right in ☕
🧵🧠 Cracks in the Vault: 2023's Banking Crisis
The article discusses the recent banking crisis in 2023, highlighting the role of factors like uninsured commercial deposits, rapid deposit growth, and negative equity.
Key takeaways:
1. The recent bank failures raise questions about whether this is a blip or a significant trend in the banking industry.
2. Uninsured commercial deposits and rapid deposit growth have played a major role in the downfall of several banks.
3. Big tech companies like Apple, Google, and Amazon pose a potential threat to traditional banking, and it's crucial to encourage smaller entrepreneurs and venture capitalists to ensure a competitive and innovative industry.
Keep reading 🍿
📜 Scrolling Up: Revolutionizing Ethereum with zkRollups
Scroll, a zkEVM-based zkRollup solution on Ethereum, is gaining attention in the crypto community for its innovative approach to Layer 2 scaling.
Key takeaways:
1. Scroll is a promising alternative to traditional Layer 2 solutions on Ethereum.
2. Recent updates include potential airdrops, testing on the Symbiosis testnet, leading the ETH scaling race, raising $50 million in funding, expanding the team with industry experts, providing weekly progress updates, showcasing capabilities at events, and offering bounties at the Lisbon Hackathon.
3. Scroll's zkEVM-based zkRollup solution offers enhanced scalability and efficiency to the ETH ecosystem.
Counter arguments:
1. There may be other Layer 2 solutions on Ethereum that offer similar or better scalability and efficiency than Scroll.
2. The success of Scroll is dependent on the adoption and usage of its solution by the Ethereum community, which may not be guaranteed.
Keep reading 🍿:
🐸 $PEPE Uncovered: From Meme to Crypto Marvel
The article discusses the suspicious behavior surrounding the surge of memecoin $PEPE, with wallets being created and funded for the sole purpose of purchasing the coin after its listing. The author warns of the potential risks for token holders due to the thin liquidity of $PEPE.
Key takeaways:
1. $PEPE surged by 1000x in just 4 days, with some users making significant profits.
2. The timing of the purchases by certain wallets is suspicious, with evidence of freshly created wallets being used for the sole purpose of buying $PEPE.
3. The thin liquidity of $PEPE compared to its market cap poses a major risk for token holders.
Keep reading 🍿:
Could this be true?
The talks about $PEPE spreading like wildfire...
$PEPE is the token ticker for @pepecoineth.
Here are major reads to catch up on all updates.
(0/x) https://t.co/44HsUAnJpU
— The Crypto Illuminati (@0x_illuminati)
May 9, 2023
Do you think big tech companies pose a threat to the traditional banking sector? |