A New Lease on Life with Neuralink, Bitcoin ETF Milestone, and Notcoin’s Surge
“Should Have Bought” is a news podcast featuring the ForkLog editorial team and friends, discussing the week’s major industry events and the hottest tokens.
Topics of the episode: Notcoin’s recovery, Telegram’s wallet data collection tightening, political tensions in the US, and the BlackRock vs. Grayscale showdown.
Special guest: Kirill Khomyakov, head of Binance for Central and Eastern Europe, Central Asia, and Africa.
Participants: ForkLog authors Lena Jess, Alex K., Vasily Smirnov.
Notcoin Rally
The NOT token of the Web3 gaming project Notcoin continued its active recovery following a recent plunge (shortly after listing, the asset fell by 65%).
Over the week, the coin’s price increased by more than 140%, surpassing the $0.01 mark. The project’s market capitalization exceeded $1 billion.
Experts consulted by ForkLog identified several factors contributing to NOT’s recovery:
- The return of the ability to earn coins through the gaming app attracted users and increased activity;
- Staking opportunities for additional rewards “tied up” part of the market supply of NOT;
- Listing on major exchanges increased the coin’s accessibility and attracted investor attention;
- Marketing efforts: various contests and activities engaged new users and helped retain existing ones;
- The development of the TON ecosystem: investments and the arrival of major players are boosting Notcoin as a flagship project.
Telegram’s Wallet Tightens Data Collection
The cryptocurrency wallet integrated into Telegram, Wallet, announced a change in custodial service provider and a new data collection policy.
As of May 30, services are provided by WOT Global Solution Ltd.
“By continuing to use Wallet, you agree to the transfer of your personal data to WOT Global Solution. This process includes all data you have provided to us and information collected during your use of Wallet in accordance with the Privacy Policy,” the notification states.
The information being transferred includes “name, address, phone number, transaction data, and any other details [Wallet] may have about you.”
By continuing to interact with the wallet, the user automatically agrees to all the listed terms.
A Million Bitcoins Managed by ETFs
Thirty-two exchange-traded funds based on various digital assets have amassed over 1 million BTC (~$67 billion) under management. This accounts for about 5% of the total bitcoin supply.
In total, US ETFs hold 855,619 BTC. A smaller portion of the assets is concentrated in structures in Europe, Hong Kong, Switzerland, and other countries.
BlackRock’s spot exchange-traded fund IBIT surpassed Grayscale’s GBTC in assets under management. With ~$20 billion, the Wall Street giant’s instrument has become the largest in the segment.
A New Life Thanks to Neuralink
Nolad Arbo, the first patient with a Neuralink brain chip, shared his experience with the technology.
The chip allowed him to reconnect with the world and improve his quality of life after paralysis. Arbo uses the chip for social media communication, content viewing, and learning. He also participates in research sessions, helping to improve the technology.
Using the chip is not without challenges. Arbo encountered a technical issue when some neural threads detached from the brain, but it was resolved with a minor additional surgery.
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