GM fellow Asterials. It has been a wild ride this week, from a stranger raising $7 million for a memecoin to the most popular cold storage wallet brand causing drama. Hope things start to be more green on our portfolios soon!

It’s Friday people lets get right to it🔥

• 🔐Ledger defends it’s recovery system

• 📈Litecoin where are you going?

• 💰MicroStrategy explores Bitcoin Ordinals App Development.

Ledger continues to defend its recovery system.

Ledger wants you to know that they take key security seriously. They have always emphasized that it's "technically" possible to extract users' keys using the right firmware. But hold on, don't panic just yet! The crucial point here is that Ledger has never, and we repeat, NEVER deployed such firmware.

So, you can breathe a sigh of relief knowing that your keys are safe and sound.

Now, it seems their support team got a bit carried away on Twitter, stirring up some controversy along the way.

Ah, the power of social media!

But hey, we all know how things can sometimes get lost in translation or escalate in Twitter. Let's give them the benefit of the doubt and focus on the facts.

One feature that raised eyebrows is Ledger's "Recover" service, allowing users to back up their seed recovery phrase. Some in the crypto community have voiced concerns about privacy and security.

But fear not, Ledger has a valid point to make. Think about those moments when you've misplaced something important, like your car keys or that one sock mysteriously disappearing.

Ledger's backup option ensures that your assets don't suffer the same fate due to a misplaced recovery phrase. It's like having an extra safety net for your crypto treasures.

Pascal Gauthier, the CEO of Ledger, stepped forward to defend their recovery system. He believes it aligns with the preferences of future customers and aims to make crypto accessible to millions.

Adding a touch of positivity, Justin Sun, the founder of Tron and a stakeholder in Huobi crypto exchange, shared his vote of confidence in Ledger. He commended the company's commitment to security and customer service. It's always encouraging to receive praise from someone who knows the ins and outs of the crypto world.

So, rest assured, Ledger has your keys covered with their secure recovery system. Just remember to keep that recovery phrase in a safe place and never share it with anyone.

Your crypto assets are in good hands!

BLUR’s lending platform BLEND surges past 100,000 ETH in total volume

Blur’s lending platform BLEND, has taken the crypto space by storm, surpassing a staggering 100,000 Ethereum in total volume in a mere 17 days since its launch.

The success of BLEND can be attributed to its strategic partnerships with two blue-chip NFT collections, the highly sought-after Bored Apes Yacht Club (BAYC) and the Mutant Ape Yacht Club (MAYC).

The inclusion of these prestigious collections has ignited a frenzy among NFT collectors, further propelling BLEND's popularity.🔥

So, what exactly does BLEND offer?

Ethereum loans by utilizing their valuable NFTs as collateral.

This unique approach empowers individuals to unlock the potential of their NFT holdings and use them as a means to acquire new and exciting NFTs on the Blur marketplace.

It's like putting your NFTs to work for you!🥳

But that's not all. BLEND also offers an enticing opportunity for liquidity providers. These providers earn interest on their provided liquidity, fueling the emergence of what some call the "NFTfi" niche in the crypto space.

It's a win-win situation where both borrowers and lenders can thrive in the world of NFT lending.

While BLEND's success has been remarkable, it hasn't been without its share of initial concerns. Some had reservations about potential wash trading operations. However, the platform's strong performance and growing user base have solidified Blur's position as a major player in the ever-evolving NFT landscape.

MicroStrategy explores Bitcoin Ordinals App Development

MicroStrategy is joining the ranks of those who see its potential. Saylor and his team are actively exploring the applications of Ordinals in terms of software innovation.

It's a fascinating endeavour that could pave the way for ground-breaking developments.

One of the key advantages MicroStrategy sees in Ordinals is the ability to burn data on Bitcoin's blockchain. This opens up a world of possibilities for various applications beyond traditional transactions. It's like unlocking the hidden potential of Bitcoin and harnessing it for software development.

When it comes to security, Saylor firmly believes that Bitcoin offers stronger safeguards for enterprises compared to existing systems.

By leveraging the inherent security of the Bitcoin network, MicroStrategy aims to provide enhanced protection for sensitive data and applications.

But it doesn't stop there.

The development of applications using Bitcoin's functionality could have a profound impact on the overall adoption of the cryptocurrency.

It opens doors to new use cases and expands the boundaries of what Bitcoin can achieve.

It's worth noting that Saylor opposes any attempts to alter Bitcoin to censor certain uses. He firmly believes in the importance of maintaining the fundamental principles of decentralization and censorship resistance that make Bitcoin so powerful.

It's a stance that aligns with the core values of the crypto community.

Way to go Saylor!

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.