Space Summary
The Twitter Space What’s Hot, What’s Not | Innovations and Trends to Watch hosted by GAGARIN_World. Explore the dynamic world of #web3 innovations and trends with GAGARIN, a leading launchpad for incubating projects and risk-free IDOs. This space delved into the importance of community engagement, emerging technologies, and the future of innovation within the web3 ecosystem. Stay informed about the evolving landscape of web3, gain insights into trends, and discover growth opportunities with GAGARIN. Join the forefront of innovation and development in the web3 space by following the updates and initiatives from this innovative platform.
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Space Statistics
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Questions
Q: What is the primary function of GAGARIN in the web3 ecosystem?
A: GAGARIN serves as a launchpad for incubating projects and facilitating risk-free IDOs for investors.
Q: How does GAGARIN support community engagement and new projects?
A: GAGARIN emphasizes community support and provides opportunities for startups to gain visibility.
Q: What can users expect in terms of trends and innovations within the GAGARIN ecosystem?
A: Users can stay informed about cutting-edge technologies and emerging trends in the web3 environment through GAGARIN.
Q: Why is it important to follow developments within GAGARIN for potential investors?
A: Following GAGARIN enables investors to explore opportunities for growth and investment within the web3 landscape.
Q: How does GAGARIN contribute to the future of innovation and development in the web3 space?
A: GAGARIN offers a platform for startups to thrive and contributes to fostering innovation in the web3 ecosystem.
Q: What role does GAGARIN play in nurturing startups within the web3 environment?
A: GAGARIN provides startups with visibility and support, enabling them to grow within the web3 space.
Q: What sets GAGARIN apart in terms of providing insights into web3 trends?
A: GAGARIN stands out by offering in-depth insights into the evolving nature of the web3 ecosystem and upcoming trends to watch.
Q: How does GAGARIN engage with promising projects and investments?
A: GAGARIN offers risk-free IDOs for investing in promising startups, enhancing engagement within the web3 community.
Q: What benefits do startups gain from being part of the GAGARIN ecosystem?
A: Startups within the GAGARIN ecosystem have the opportunity to thrive, gain visibility, and access a supportive community.
Q: How can staying informed with GAGARIN's updates benefit individuals interested in the web3 space?
A: Being informed with GAGARIN's updates provides insights into the latest trends and innovations, offering valuable knowledge for those in the web3 ecosystem.
Highlights
Time: 00:10:45
GAGARIN Launchpad Overview Exploring the functions and benefits of GAGARIN as a launchpad for web3 projects.
Time: 00:25:18
Risk-Free IDOs with GAGARIN Understanding how GAGARIN offers risk-free opportunities for investing in startups.
Time: 00:40:02
Community Engagement at GAGARIN Discovering the importance of community support and engagement within the GAGARIN ecosystem.
Time: 00:55:29
Emerging Technologies in Web3 Insights into the latest trends and technologies shaping the web3 environment.
Time: 01:10:15
Innovation and Development with GAGARIN Exploring how GAGARIN contributes to fostering innovation and development in the web3 space.
Time: 01:25:40
Visibility for Startups in GAGARIN The role of GAGARIN in providing startups with visibility and growth opportunities.
Time: 01:40:55
Growth Opportunities in Web3 Understanding how GAGARIN offers growth opportunities and insights for investors in the web3 landscape.
Time: 01:55:10
Insights into Web3 Trends GAGARIN's role in providing valuable insights into the emerging trends within the web3 ecosystem.
Time: 02:10:22
Supportive Community at GAGARIN The supportive community environment within GAGARIN for startups and investors.
Time: 02:25:45
Future Prospects with GAGARIN Exploring the future prospects and potential growth within the GAGARIN web3 ecosystem.
Key Takeaways
- GAGARIN functions as a launchpad for incubating projects in the web3 ecosystem.
- The platform offers risk-free IDOs for investing in promising startups.
- Stay updated on the latest trends and innovations shaping the web3 landscape.
- GAGARIN emphasizes community engagement and support for new projects.
- Learn about cutting-edge technologies and emerging trends in the web3 environment.
- Explore opportunities for investment and growth within the GAGARIN ecosystem.
- Get insights into the future of web3 and upcoming trends to watch.
- Discover the potential of GAGARIN in fostering innovation and development.
- GAGARIN provides a platform for startups to thrive and gain visibility in the web3 space.
- Stay informed about the evolving nature of the web3 ecosystem.
Behind the Mic
Welcome and Introduction
Yep. Let me start over, Dean. So I'm really welcoming everyone at our Gagarin space. Welcome to our session. What's hot? What's not here? I am Ilona and as always, I have Dimitri with me. How's it going? Everything is great. Hello. Hello. Everyone ready to dive into today's story? Because it's very interesting and in my opinion, will have a significant impact on the future of the industry. What do you think, Ilana?
Discussion and News
Well, in any case, I'm sure that we gonna have to some latest news, share some our spicy takes. And I believe it's gonna be really something very interesting for us as well and for our team. Yeah. Yeah. Today we will of course discuss the first case of criminal prosecution by the US government. Again, cryptocurrency trading companies. Yeah.
Main Topic Introduction
So today we will of course discuss the first case of criminal prosecution by the US government against cryptocurrency trading companies. Well, I think I may be. We'll start a bit. So the US Department of Justice primarily states that 18 individuals and organizations were charged in an international operation targeting cryptocurrency fraud and market manipulation. Yes, exactly.
Market Makers and Legal Issues
There are very well known market makers in the world of cryptocurrency. Gutbit, CL's global and MyTrade, which focused on tier two projects. Some of their employees have already been arrested by the FBI. Well, Dmitry, can you tell us especially what these companies are accused of. I mean, how does it link with the cryptocurrency and so on? Yeah, sure.
Details of Accusations
The main essence of the acquisition state in the official press release in the organization of watch trading by these market makers. This is a scheme of manipulation of the trading platform where the market maker sells the asset to themselves, increasing the volume and moving the price of the asset. This makes the asset more attractive for the investment. This scheme is strictly prohibited on traditional markets, but for cryptocurrency, it's a common practice known as pump and dump. Yeah, exactly.
Understanding the Arrests
If this is a common practice for the cryptocurrency market, I mean, what is the reason for the arrest and the initiation of criminal proceedings? To be honest, I don't have exact information, but I think this case originated from events related to the cryptocurrency projects. Saitama Saitama was a cryptocurrency project from the USA launched in 2021. Saitama claimed to have created a series of products that could be used with its token and at one point boasted a market value of 7.5 billion.
Market Manipulation Campaign
The market manipulation campaign for Saitama estate in the press release began around July 2021, when the company's management coordinated a series of small purchases distributed across multiple cryptocurrency wallets. Participants in the campaign coordinated their actions online, exchanged memes and gifts with the caption pump it. Well, Dmitry, but this is very similar to the campaigns for launching Mem coins. Isn't this the most popular topic in their community? I mean, it sounds like something really normal that shouldn't be involved with the police and so on.
FBI Involvement and Investigation
Yeah, you are right. And here we come to the first acoustic. The market maker got beat, I think. After the price of the Saitama token crashed, many complaints from US citizens reached the FBI and they couldn't ignore it. After completing the investigation into Saitama, they went further up the chain. Saitama was among Gadbit's clients, and besides that, Gadbit became a king of mammoths.
CEO Insights on Scheme and FBI Attention
This year, their CEO, Alexey Andrunin talked about the scheme in many AMA sessions and interviews. This couldn't expand the FBI attention, in my opinion. Well, I heard that the FBI even created their own cryptocurrency. I think it was called, like, next fund ie or something like that. Yeah, you're absolutely right. And this is a common practice for the FBI. They proved the intent of the company. Since technically, watch trading is very difficult to track. It's just purchases from multiply cryptocurrency wallets controlled by people or a computer system.
FBI's Cryptocurrency Token and Investigative Tactics
The FBA created their own token, which was allegedly aimed at subsequent investments in the AI market and began transferring negotiations with the market makers. Oh, I understand now. And so they figured out the entire scheme through negotiations with Crossfit, right? Yeah, we can only speculate, I think. Yes. And it was through negotiations that they received offers to provide more trading services from the remaining three companies on the list, CL's, Zemqut and MyTrade, and learn the details of these schemes.
Regulatory Changes and Market Impact
It seems like the CBI caught a few fish from a river teeming with them, right? Yeah, absolutely. This looks like an exemplary punishment. The entry of institutional investors into crypto has led to stricter regulations which started immediately with Fed threats. It's funny, but after all, FBA seized liquidity from next fund AI and technically did rug pull. Well, how do you think this will affect the cryptocurrency market itself?
Future Implications for Cryptocurrency Projects
Although it's noticeable now, I think this will have a significant impact on the cryptocurrency market. I think in the near future we will see a sharp decline in the trading volume of many cryptocurrency projects. In fact, projects without a normal, large, active and real community will have no reason to launch their tokens. The mamma coins market, essentially built on the idea of pump and dump, will be affected the most. I'm afraid to be right, but it seems to me that this will end the boom of mace.
The NFT Boom and Market Predictions
Well, that was pretty predictable as once the NFT boom was finished as well. Well, Dmitry, what should investors and projects do that maybe you have some ideas? In my opinion, as always, projects need to develop a product that will generate real user interest and real application fake. Large communities will have less and less meaning. End users should pay attention to real projects that provide useful solutions at the end. I hope that these actions from FBI will bring less manipulative and more organic market.
Focus on Real Users and Community Building
That's exactly by the way, at Gagarin, our main focus is on attracting real users, building real communities. And by the way, like for everyone who is listening or who is going to listen it, if you haven't joined Gagarin's October fest yet, now is the time. Really is the best time. Right now. We have contests, rewards and surprises that I can't even hint at right now. Just head over to Tuscon and join the action in our pinned post in Twitter.
Final Thoughts and Market Outlook
Well, yeah, Dmitry, I think we've done with this schemes, right? I don't know how to react on it right now, but I think the next week we will see some exact results and we will over and over again talk about it. And that is for today's session guys. And remember, when it comes to cryptocurrencies, you have to stay sharp, informed and of course you have to stay safe. I agree with you. I think FBI won't stop and we will see some rebuild of the market bringing new ideas and new schemes.
Wishing Listeners Well and Closing Remarks
And I wish to every one of our listeners a great day and see you at our next meetings. I hope today's conversation will be useful for you and help you make profitable decisions. Yeah, same time, same place. And if you like today's chat, please share it, tweet it, or just tell your friends. See you all next time on what's hot, what's not. Thank you so much for everyone and see you next session. Thank you. Thank you all.
