Here is the outline for the newsletter today!🔥

• Bitcoin is pushing towards $30k📈

• Ava Labs has launched Ava GPT🤖

• Fake Trezor Wallet is stealing user’s crypto🐱

Bitcoin is pushing towards $30k📈

Bitcoin's price has been targeting $30,000, stirring discussions among traders and investors.

Aave's Version 3 (v3) blockchain has experienced a surge in Total Value Locked (TVL), reaching an impressive $1.76 billion, a 15% increase in June. Aave's TVL has risen by a staggering 300% since January 1, surpassing the growth of other major cryptocurrencies.

The rising interest in DeFi protocols, like Aave, reflects a trend of seeking alternative financial solutions outside traditional institutions. Aave's users have supplied $1.83 billion worth of assets and borrowed $641 million on the v3 platform. This showcases the trust and confidence the crypto community has in Aave's offerings.

In Asia, Bitcoin is up by 5.8%, while Ethereum has risen by 3.4%. However, XRP experienced a slight decrease of 0.3%.

Aave's TVL growth in June demonstrates its continued momentum. Major crypto assets, such as Ethereum, stablecoins, wrapped Bitcoin, and liquid staking tokens, have been attracted to Aave's v3 platform for lending.

Despite recent market sell-offs and bankruptcy cases, institutional interest in Bitcoin remains strong. This sustained interest indicates growing acceptance and recognition of Bitcoin's long-term value proposition.

Are you currently bullish on the state of the crypto market? Or this is a short squeeze before we head back to the lows?🤔

Ava Labs has launched Ava GPT🤖

Ava Labs has launched AvaGPT, an AI chatbot that utilizes ChatGPT's API to answer queries specifically about the Avalanche network.

Developed in collaboration with Kapa AI, AvaGPT provides users with immediate access to source material from Avalanche documentation, offering quick answers to general questions.

The integration of AvaGPT into the Ava Labs Core platform signifies a commitment to improving user experience and support.

This AI chatbot is trained on Avalanche documentation, ensuring accurate and relevant responses to user inquiries. While AvaGPT aims to provide quick answers, users can still access the support team for further assistance as needed.

Great way for newcomers to learn quickly on what the Avalanche blockchain is all about!

Ava Labs has plans to introduce more GPT-based products in the future, expanding the scope of AI-powered solutions within their ecosystem.

It's worth noting that other blockchain companies, including Alchemy and Etherscan, are also leveraging ChatGPT's technology for various purposes, highlighting the widespread adoption of AI in the blockchain industry.

As with any AI-powered system, it is essential to address concerns about accuracy and reliability.

Ava Labs includes a disclaimer regarding the responses provided by AvaGPT, stating that the information shared by the chatbot is for informational purposes only and does not certify its correctness or accuracy.

This transparent approach ensures users are aware of the limitations of AI-generated responses.

The rapid development and increasing adoption of artificial intelligence come with their own set of challenges.

Ava Labs has launched Avalanche Arcad3, a program aimed at assisting traditional game developers in exploring games built using blockchain technology.

This initiative reflects Ava Labs' commitment to fostering innovation and collaboration in the blockchain gaming sector.

Fake Trezor Wallet is stealing user’s crypto🐱‍💻

The fraudulent app, disguised as the legitimate Trezor app, poses a significant risk to users' crypto assets.

Once installed, the app requests users' seed phrase, which, if provided, enables the operators behind the app to potentially steal the users' cryptocurrency holdings.

It's important to note that the official Trezor app, mentioned on the official Trezor website, is called "Trezor Suite Lite." Any other app claiming to be the official Trezor app should be treated with suspicion and avoided.

What is particularly alarming is that the fake app managed to bypass Apple's review guidelines and make its way onto the App Store. This incident raises concerns about the security measures in place for reviewing and verifying the legitimacy of apps on the Apple App Store.

The discovery of this malicious app serves as a reminder of the potential risks associated with hardware wallets and the importance of exercising caution when dealing with cryptocurrency assets.

Hardware wallets, like Trezor, are widely regarded as one of the most secure methods for storing private keys. However, they still require users to have a certain level of technical knowledge and a diligent approach to security practices.

This incident serves as a warning to the cryptocurrency community, emphasizing the need for continued vigilance and awareness when it comes to securing digital assets.

It is crucial to only download apps from trusted sources and verify their authenticity before sharing any sensitive information.

As the industry evolves, it is expected that security measures will continue to improve to protect users from such threats. However, it is always advisable to stay informed and stay updated on the latest security practices to safeguard your cryptocurrency holdings effectively.

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Disclaimer: This is not any kind of financial advise. This newsletter is solely informational; it does not constitute investment advice, a solicitation to buy or sell any securities, or a recommendation regarding how to manage your money. Be cautious and conduct your own study, please.