Your Daily Crypto Health Check. Get a Pulse On The Market And Your Crypto Assets at the End of Each Day 💗🩺 Join our free daily newsletter for updatescryptobeat.ai Philadelphia, PAJoined July 2024
The Crypto Market crash the other day was painful for many of us.
I've spent the last few days in shock about how fast things can move (not sure why I'm surprised).
But in times like this I remind myself.
The market is hurting, but it's not dead.
There's still a pulse.
@CoinThinkTank_ I tried contacting them using the Discord and Telegram links in their footer and almost got caught in a phishing scam Apparently their discord is full of scammers. I’ve given up on getting night at this point @MidnightNtwrk — you might want to delete the discord server
@JAnotherAnon@AltcoinDaily@Tangem Not possible with Tangem. Anyone who had their ada in Tangem and is screwed, no way to sign so no way to claim and they already told me they won’t have support for it
@TapTools@MidnightNtwrk@Trezor My biggest mistake was not using @Trezor because according to @Tangem support it won’t be possible for ADA holders to claim. Guess I’ll be moving to Trezor now
@MidnightNtwrk@IOHK_Charles I just heard back that @Tangem will not be able to support he Midnight Air Drop for ADA holders within the timeframe. Most Tangem ADA holders probably have no clue. It took me emailing Tangem repeatedly and almost being scammed by fake Tangem employees to get respnse.
Is there anything that can be done? I would love to be able to claim my night.
I'm extremely grateful for the $NIHGT airdrop. I think holding my ADA in Tangem might have been my biggest mistake to date. If I can't claim then it is what it is, I know ADA and Cardano will be a massive success, but it really sucks to have all of this NIGHT sitting there that I can't touch.
@jasonappleton - do you have any thoughts on this? Or is all hope lost for Tangem users?
This really sucks. Nobody is talking about it in the Tangem community. Scammers are coming out of the woodwork and Tangem has been pretty silent on it. I've lost all trust in Tangem because of this.
Hoping for some sort of miracle.
@midnightfdn@IOHK_Charles The greatest gift ever given in crypto.
My only hope is that @Tangem doesn’t fail us by pulling through and making it possible to claim in the next 25 days…
Someday our friends and family will think we got lucky in crypto. A lucky overnight success is what they’ll call it.
But the reality: holding through years, through bear markets, fake outs, FUD, black swan events…
Crypto seems easy to the outsider.
But it’s not.
It requires patience and unwavering convection.
As of Saturday, the Crypto Market is currenty stable with a Heartbeat of 48, up 17 points from yesterday and now above both the 7-day and 30-day averages, reflecting an uptick in sentiment and participation.
These evolving conditions signal a transition phase, where long-term investors should monitor for trend confirmation before making substantial allocation changes.
On the day, Dogecoin, Aave, and Avalanche led gains, while Solana, XRP, and Cardano lagged, demonstrating mixed fortunes across major assets with moderate liquidity.
For now, patience and close observation remain warranted, as conditions have improved but stay within historical ranges. • Market Cap: $3.85T (+0.88% 24h) • Volume: $103.55B (moderate liquidity) • Participation: Liquidity level at 27 (steady but not elevated) • Phase: Transition — monitor for sustained trend direction
Saturday's Key Headlines:
- Bitcoin’s Institutional Backbone Strengthens Despite Rotation to Ether
- Historic Flip: Bitcoin ETFs On Pace To Surpass Gold ETFs In AUM
- Bitcoin Could Test $107K Support as Oversold Signals and On-Chain Bands Suggest Possible Rebound to $114K–
There's FUD around Cardano that Chainlink was selected to deliver several key economic indicators including real GDP, PCE (inflation), and Real Final Sales to Private Domestic Purchasers.
Here's a counter opinion to why this isn't a bad thing for Cardano. Long-term it's bullish for Cardano (and other blockchains)
First, Government Is Not Zero-Sum
Government engagement in blockchain, even via oracles like Chainlink/Pyth, may indirectly pave the path for broader adoption. As the federal appetite for blockchain tools grows, it could open space for other platforms like Cardano to step in with infrastructure, identity, or governance-focused solutions. There are plenty of other agencies within the government and governments around the world. This is just the BEGINNING.
Second, Cardano Is Advancing Regardless
With its recent governance achievements and funding for scalability and interoperability, Cardano is building strong foundations. That's not just talk, it’s progressing on-chain in ways other blockchains currently aren’t.
Yes, the Cardano community’s frustration is understandable, public partnerships carry visibility and credibility. But this selection by the U.S. Department of Commerce was a pilot focused on oracle integration, not full-stack blockchain deployment.
Cardano community shouldn't view this as a loss, but as context: a reminder that building proven, deployable infrastructure matters. With its recent successes and clear roadmap, Cardano may well find a seat at the table, especially as government experimentation expands beyond data feeds.
In the meantime, the crypto community should come together and celebrate this massive milestone for Chainlink. It paves the way for other blockchains to gain wider partnerships and adoption.
Sunday morning snapshot of the crypto market:
The crypto market is Stable with a Heartbeat of 40, up 1 point from yesterday but notably below both the 7-day (47) and 30-day (48) averages, reflecting subdued overall sentiment over the weekend.
For long-term investors, this points to a period of hesitancy or early-stage transition, conditions are neither overtly bearish nor convincingly bullish, favoring disciplined accumulation rather than aggressive positioning. With market cap down by 0.52% over 24 hours and participation modest, broad-based conviction remains limited. • Market Cap: $4.04T (−0.52% 24h) • Volume: $102.45B (liquidity: low-to-moderate) • Participation: Quiet, no unusual spikes • Phase: Early transition; patience and select accumulation warranted
Let's see what Sunday brings!
$LINK has an interesting pulse trend shaping. A huge spike on 8/17, then started moving back to the avg today on 8/18... what the heck happed on 8/17? 🤔
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