> ## Content Index > Fetch the complete content index at: https://dexplain.com/llms.txt > Use this file to discover other available public pages before exploring further. # Porky Pies - URL: https://dexplain.com/porky-pies/ - Published: 2021-06-21T17:28:00.000Z - Updated: 2022-11-14T22:04:52.000Z - Description: More bearish news around China banning cryptocurrencies is fueling BTC and ETH sells, might they be feeding us all a pie of lies? - Author: wizardfromspace - Tags: defi, Ethereum, Bitcoin, Non-fungible Tokens, Cryptocurrency, Crypto News, Crypto Trading, Blockchain, Venus Protocol, Crypto Art Somehow we have more scaremongering coming out about the Chinese government cracking down on cryptocurrencies, [mainly this Reuters article](https://www.reuters.com/article/idUSB9N2NP015?ref=dexplain.com). However, according to people on the ground, it appears that the media [is exaggerating the state of the ban](https://twitter.com/WuBlockchain/status/1406928804858122241?ref=dexplain.com). What a way to start the week, eh? ![](https://dexplain.com/content/images/2021/12/Spring.webp) **Market**: If the selloff causes Bitcoin’s 30k support to break down then expect to see a cascade of liquidations and a swift drop down to 27-28k where we find whales with resting bids. That being said, if you believe we’re in **Phase C** of an accumulation schematic, then this could be the *Spring* event before we grind back up. ### Good Ol Dip Buying? Sign up via one of our referral links to following exchanges for up to 10% discount on your trading fees. - [Delta Exchange](https://www.delta.exchange/app/signup/?code=VVRPEI&ref=dexplain.com) - [Binance](https://accounts.binance.com/en/register?ref=X8XUVA60) - [KuCoin](https://www.kucoin.com/ucenter/signup?rcode=r3D6E6L&ref=dexplain.com) Meanwhile, instead of filling in that McDonald’s application (beras) why not start a new career in the wild world of blockchain development? Chainlink will be offering free training [on writing Ethereum based solidity smart contracts](https://www.crowdfundinsider.com/2021/06/176832-chainlink-to-offer-free-blockchain-developer-training-for-writing-ethereum-based-solidity-smart-contracts-implementing-secure-dapps/?ref=dexplain.com). --- ## Crypto News - **Miami**: Mayor Francis Suarez has now set his sights [on attracting Chinese bitcoin miners to the city](https://www.cnbc.com/2021/06/17/miami-mayor-francis-suarez-trying-to-win-over-chinese-bitcoin-miners.html?ref=dexplain.com), announcing they have plans in place to lower electricity prices in Florida. - **Goldman Sachs**: Became [the first U.S bank to trade Bitcoin futures](https://www.cryptopolitan.com/goldman-sachs-trade-bitcoin-futures/?ref=dexplain.com), entering the market via a partnership with Galaxy Digital. It’s a move that we would expect banks to follow, good for adoption! - **MicroStrategy**: Still buying the dip. Michael Saylor’s company is [now holding 105k BTC at the average buy price of $26k](https://twitter.com/HsakaTrades/status/1406946102163562502?ref=dexplain.com). --- ## DeFi News - **StakeDAO**: Released [a new passive ETH strategy for farming](https://twitter.com/StakeDAOHQ/status/1406921049942360071?ref=dexplain.com), which automatically stacks several protocols on top of each other for yields without impermanent loss. Currently, APR is over 300,000% so get in quick! - **Lavacake**: Here is [a high APR farm on BSC](https://lavacake.finance/farms?ref=dexplain.com), currently offering over 10,000% on LAVA-BUSD with the reward token in LAVA. Just note there is a 6-day harvest lockup in place. - **Deus Finance**: Now offers users the possibility of trading [over 500+ stocks on Huobi Eco Chain](https://twitter.com/DeusDao/status/1405565470040891394?ref=dexplain.com), also live on Ethereum, BSC, xDai, and soon Polygon. One to check out! - **Venus Protocol**: Seems to have broken [away from Swipe’s development team](https://twitter.com/VenusProtocol/status/1406945745698123776?ref=dexplain.com), and is putting together a new core team to work on the project. Kind of unclear where this is going right now, XVS holders will need to follow closely. Learn how to use Venus [in our full tutorial here](https://dexplain.com/venus-protocol-defi-tutorial-how-to-supply-and-borrow-assets-mint-vai-stablecoin-and-farm-xvs-tokens/). - **ACryptoS**: Launched [a new pool for SXP, XVS, VRT, BNB, and VAI](https://twitter.com/acryptosdao/status/1406920703417401347?ref=dexplain.com). This is a weighted pool and functions much like Balancer, so will auto-balance your deposits. Good time to enter as APR is over 100% given it just went live. - **MakerDAO**: Currently voting on a [proposal to activate the Flash Mint Module](https://twitter.com/MakerDAO/status/1406462602952146946?ref=dexplain.com), which if it passes would enable the possibility of flash minting 500,000,000 DAI. I am sure some builders will figure out a cool way to use that! - **Cozy Finance**: The DeFi golden boy developer Andre Cronje released [a new protocol that enables users to invest in DeFi](https://twitter.com/cozyfinance?ref=dexplain.com) while always keeping their initial deposits safe from hacks or exploits. Nice! - **Ren Protocol**: Announced its [integrations for Solana are live](https://twitter.com/renprotocol/status/1405543305069449217?ref=dexplain.com), meaning RenVM is providing a direct bridge for moving BTC onto the Solana network. Will be interesting to see what DeFi products appear using renBTC. --- ## NFT Spotlight Be sure to check the listing to view the digital crypto artwork in its full glory, as some art is animated or contains audio. ![](https://dexplain.com/content/images/2021/12/elon-dogegirl.webp) **Elon Dogegirl** *Looks like Elon Musk got himself a new pet. Gotta love the geneticists over in Japan, am I right? Why can’t they get cat girls sorted out already? Maybe when Elon dumps his Doge on us he can afford to fund the development of cat girls finally.* - Where to bid? [MakersPlace](https://makersplace.com/lushsux/elon-dogegirl-7-of-8-67128/?ref=dexplain.com) or [Opensea](https://opensea.io/0x934285c4e1277554be366680053020317a6b507b?ref=0x5cE9f7032953d8E3f3D98f508C1b9B489Ee621D). - Artist: [lushsux](https://twitter.com/lushsux?ref=dexplain.com). --- ## NFT News - **Decentraland**: An estate in the metaverse just sold [for over $900k in MANA tokens](https://www.theblockcrypto.com/post/108940/an-estate-in-virtual-world-decentraland-just-sold-for-nearly-a-million-dollars?ref=dexplain.com), and what’s cool is the buy was made by a real estate investment firm called Republic Realm. - **BakerySwap**: Announced [POKER nfts are coming to the platform](https://twitter.com/bakery%5Fswap/status/1406887492276547587?ref=dexplain.com), namely pet branded Poker card decks. Will include blind boxes and levels of staking power for rewards. - **Bubble**: Coinbase co-founder Fred Ehrsam stated in an interview [with Bloomberg TV that 90% of NFTs would be worthless](https://observer.com/2021/06/coinbase-cofounder-warn-nfts-worthless-interview/?ref=dexplain.com) within just a couple of years, likening the bubble to the dotcom boom of the 1990s. So how do we know which ones won’t be worthless? Let’s discuss together [in our discord!](https://discord.com/invite/SMgDzbFaqd?ref=dexplain.com)