Weekly Crypto Recap (Sep 9 - Sep 16)

Here’s your weekly update from Metaverse.SG, spotlighting the hottest crypto happenings of the week:

• EtherFi | Airdrop Updates
• Bitcoin already at the global bottom?
• Linea Last Rush + Voyage NFT Alpha
• Nvidia Volatility
• DON’T invest in Crypto until you know this
• Link between BTC and the Dollar Index (DXY)
• Passively income in crypto advices

Jump into the latest crypto buzz!

Market Overview

BTC-ETF: 
 

• Monday +$28M
• Tuesday: +$116M
• Wednesday: -$43M 
• Thursday: +$39M
• Friday: +$263M

ETH-ETF: 

• Monday: -$5M
• Tuesday: +$11M
• Wednesday: -$500k 
• Thursday: -$20M
• Friday: +$1M

EtherFi Season 3 Airdrop Update

EtherFi is wrapping up its Season 3 airdrop, with the claiming period officially ending on September 14. Users have a window until September 15 to choose their preferred network for claiming tokens—$ARB, $BASE, or the Ethereum mainnet. If no selection is made by the deadline, the default claim will be processed on the Ethereum mainnet. To make your choice, simply connect your wallet and visit this link. For those who miss the deadline, don’t worry; the airdrop checker tool will be available starting September 17, with the actual claim process expected to reopen on September 23.

This timeline provides a final opportunity for participants to ensure they receive their rewards on their desired network. By staying informed and taking action before the deadlines, users can optimize their airdrop claims and potentially benefit from future developments.

Bitcoin’s Market Position and the Puell Multiple Metric
 

The Puell Multiple, a key metric used to gauge Bitcoin's mining profitability, has recently fallen below 0.4. Historically, such a drop indicates that miners are earning considerably less than their average historical earnings. This trend has often signaled the end of Bitcoin's market corrections and the onset of a new uptrend. Given that the average cost of mining Bitcoin generally acts as a support level for its price, brief dips below this level are not uncommon and typically do not last long. This pattern suggests that Bitcoin might be approaching its global bottom, making it an opportune time for investors to watch the market closely.

Linea Testnet Voyage NFT Airdrop

Exciting news for Linea Testnet Voyage NFT holders! A team member has revealed on Discord that these NFT holders are guaranteed to receive an LXP airdrop. However, the snapshot of holders to confirm eligibility has not yet been taken. If you hold a Linea Testnet Voyage NFT, now is the time to stay tuned for further updates. What are your thoughts on this upcoming airdrop? Share your excitement or concerns below!

The Linea Last Rush Campaign

The Linea Last Rush campaign offers a straightforward path to securing an easy airdrop. Follow the step-by-step guide provided to ensure you don’t miss out on this opportunity. With various campaigns underway, it’s essential to stay informed and act swiftly to maximize your benefits.

Nvidia’s Market Impact in 2024

In 2024, Nvidia has been a significant player in the stock market, with 13 out of the 20 largest market surges and drops linked to the tech giant. This volatility in the stock market underscores the high levels of fluctuation seen not only in stocks but also in the crypto market. For those who often criticize the crypto space for its volatility, this chart demonstrating Nvidia's impact on traditional markets might offer a fresh perspective on market dynamics.

DON’T invest in Crypto until you know this

Unlock the secret link between $BTC and the Dollar Index ($DXY)

Passively earning $2k-5k/month in crypto is a dream? 

Conclusion:

• Stay tuned

• Stay updated instantly on our X 👉 https://x.com/MetaverseSG.