The Scott Lewis Story: Calm Visionary Behind DeFi Pulse
Who would have thought that behind his simple appearance and calm speaking style, Scott Lewis would actually be one of the figures who changed the way people view decentralized finance . Not through sensation or bombastic maneuvers, but through consistency and the ability to read the direction of the crypto industry, which continues to move quickly.
His story was not built overnight, but developed through various projects that did not just exist but formed the foundation that is now widely relied on.
Scott Lewis’ journey in the crypto world began with a project that is now widely known: DeFi Pulse. This platform does more than just record data—it introduced terms and metrics such as Total Value Locked (TVL), which is now a common reference in assessing the strength and reputation of DeFi projects.
However, for Scott , DeFi Pulse is not just a tracking tool. He sees it as a door to making open finance more understandable. In fact, you could say he helped make DeFi no longer feel confusing for new users.
On the other hand, Scott did not stop at one achievement. He continued his steps by founding Slingshot Finance, a DEX aggregator that allows users to find the best prices when trading tokens.
Slingshot has successfully raised funding of up to $15 million. This is not a small number, especially for a project that still relies on a long-term vision of efficiency and transparency in crypto asset trading.
Previously known for data and aggregation, Scott has also expanded his role to the world of NFT and smart contract security. He co-founded Hyype, a kind of social network designed specifically for NFT collectors. It’s not just about showing off digital assets, but creating a space for collectors to tell stories and build their digital identities.
Furthermore, through the Code4rena project, Scott presents a unique approach to maintaining the security of crypto protocols. He designed a competitive audit system in which ethical hackers and developers compete for incentives to uncover weaknesses in smart contracts.
This technique has been fruitful, resulting in $6 million in investment from well-known investors. His idea is comparable to building a more systematic and coordinated “bug bounty competition.”
Although widely praised, Scott Lewis’ journey has not been without friction. In 2021, he made a controversial decision: he blocked the founder of 1inch Exchange from all DeFi Pulse discussion boards. The reason? Alleged threats and intimidation.
The decision drew backlash, but it also showed one thing—Scott doesn’t just talk about transparency and digital ethics. He implements them, even when the situation doesn’t allow it.
But it’s at points like this that his character shines through. He’s not someone who likes to appear as a crypto celebrity. His communication style on social media, especially Twitter, tends to be calm, even a “calming” factor in the often heated crypto debate. He prefers to share a calmer perspective, and that’s where many see his integrity.
Scott Lewis is also noted for being involved in the Atrium project—a platform that received seed funding from top investors. He seems to always be one step ahead, but he never abandons his basic principle: building something that people can actually use. He was also CEO of Zoo Trading and has experience at major financial firms like Integral Derivatives and Susquehanna International Group.
Scott’s path has not always been clear, but that’s where his strength lies. He’s not a stage man, but rather an architect who knows how to build a durable framework. Will he continue to be behind the scenes? Maybe. But given his track record so far, we can expect his next move to be impactful—even if it’s not always on the front lines.
South Korean gets prison time for $2m crypto scam promising 50% returns
A South Korean man in his 30s has been sentenced to three years in prison for defrauding a crypto investor of 2.93 billion won (approximately $2.04 million).
The Changwon District Court convicted the man, identified only as Person A, of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes.
He had posed as a wealthy investment expert and lured his victim, met through an online chatroom, by promising to guarantee the principal and provide annual returns of 30 to 50%, according to The Kookje Daily News.
Between December 2021 and August 2023, Person A received funds from the investor on 324 occasions. He claimed the money would be used for cryptocurrency investments, but in reality, he had no assets or employment and had already lost billions of won in previous crypto ventures.
To gain the victim’s trust, Person A repaid a portion of the funds as “interest,” effectively using the money in a Ponzi-like scheme.
The court noted that although some funds were returned, the damage could not be considered recovered due to the roundabout method of repayment.
The judge who oversaw the ruling, Judge Kim Seong-hwan, said that the actual profits were far less than the total defrauded amount. It is unlikely the victim will get full restitution.
Buy SHIB Now or Regret Later? This Chart May Have the Answer!
Shiba Inu (SHIB) , the meme-inspired token turned DeFi and metaverse contender, continues to attract speculative eyes despite its recent decline. After an explosive run in 2021, SHIB's price action has since cooled , hovering near support zones as investors await a catalyst. The latest daily and hourly charts reveal a tight tug-of-war between bears and bulls — but could a breakout be closer than it appears? Let’s dive deep into the current technical structure and what it could mean for SHIB holders in the days ahead.
The daily chart paints a picture of prolonged bearish pressure. SHIB price is currently trading at $0.00001212 , marking a 2.36% decline for the day. More importantly, the price has continued to reject the 50-day Simple Moving Average (SMA) and remains under all key SMAs — the 20, 50, 100, and 200-day — a clear sign of bearish dominance.
The Moving Average Ribbon (SMA Ribbon) reveals a descending alignment, with no sign of crossover, which generally indicates a sustained downtrend. The 200-day SMA at $0.00001912 is especially significant; reclaiming it would mark a major trend reversal. Until then, SHIB remains in a long-term downtrend .
Volume indicators, while not explicitly shown here, correlate with the Accumulation/Distribution Line (ADL), which is flattening and showing a slight decline — implying that whales and smart money are not actively accumulating at current levels. This weak accumulation could mean investors are waiting for a stronger dip or a news-driven catalyst.
--> Click here to Buy SHIB on Bitget <--
Switching to the hourly chart, the picture becomes a bit more nuanced. Shiba Inu Price showed a slight intraday rebound , gaining 0.96% from its previous hourly close. However, this bounce ran into immediate resistance at the 50-hour SMA, currently around $0.00001247, and got rejected. This intraday weakness indicates that short-term bulls lack conviction.
Interestingly, the ADL on the hourly chart is attempting to curl upward after forming a base, suggesting small pockets of accumulation during dips. However, this remains weak and inconsistent. The 200-hour SMA looms above at $0.00001309, which now acts as the critical resistance barrier for any short-term recovery.
Despite the minor price uptick, the SMA Ribbon continues to slope downward — reinforcing the idea that any rallies may be short-lived unless a breakout over the 100-hour and 200-hour SMAs occurs with strong volume.
--> Click here to Buy SHIB on Bitget <--
On the daily timeframe, the Heikin Ashi candles are red and flat-bottomed, confirming a strong bearish trend with no significant wicks to the downside — this implies clean selling pressure without much buying support. Unless SHIB price prints a green Heikin Ashi candle with a higher high and longer upper wick, the trend remains unchanged.
The SMA indicators are stacked bearishly (20 < 50 < 100 < 200), forming a classic downward ribbon. This is a textbook sign of a persistent downtrend with little chance of reversal unless a bullish crossover emerges — particularly the 20-day SMA flipping above the 50-day.
The ADL also reflects more distribution than accumulation, weakening the case for a near-term breakout.
On the hourly chart, while a small bounce occurred, the resistance at the 100-hour and 200-hour SMAs proved too strong. The ADL uptick may indicate a short squeeze or opportunistic buys, but it doesn't suggest a trend reversal just yet.
--> Click here to Buy SHIB on Bitget <--
In the near term, if Shiba Inu price fails to hold support at $0.00001200, it could revisit recent lows near $0.00001150. On the flip side, a clean breakout above $0.00001250 with a strong green Heikin Ashi candle and bullish ADL divergence might push SHIB toward the psychological resistance at $0.00001300.
However, a sustainable uptrend would require SHIB price to break above $0.00001370 (the 100-day SMA) and reclaim $0.00001690 to invalidate the bearish structure and regain bullish momentum.
Right now, Shiba Inu is in no man's land — caught between weak support and strong resistance. The daily trend is decisively bearish, while the hourly chart hints at speculative bounces rather than solid accumulation.
Unless a news catalyst, such as a SHIB ecosystem update or broader crypto rally, injects new volume, it’s likely that Shiba Inu price will continue to drift or drop further. For traders, this is a wait-and-watch zone. For long-term holders, any deeper dip may provide a better accumulation opportunity — but only with risk management in place.
Shiba Inu (SHIB) , the meme-inspired token turned DeFi and metaverse contender, continues to attract speculative eyes despite its recent decline. After an explosive run in 2021, SHIB's price action has since cooled , hovering near support zones as investors await a catalyst. The latest daily and hourly charts reveal a tight tug-of-war between bears and bulls — but could a breakout be closer than it appears? Let’s dive deep into the current technical structure and what it could mean for SHIB holders in the days ahead.
The daily chart paints a picture of prolonged bearish pressure. SHIB price is currently trading at $0.00001212 , marking a 2.36% decline for the day. More importantly, the price has continued to reject the 50-day Simple Moving Average (SMA) and remains under all key SMAs — the 20, 50, 100, and 200-day — a clear sign of bearish dominance.
The Moving Average Ribbon (SMA Ribbon) reveals a descending alignment, with no sign of crossover, which generally indicates a sustained downtrend. The 200-day SMA at $0.00001912 is especially significant; reclaiming it would mark a major trend reversal. Until then, SHIB remains in a long-term downtrend .
Volume indicators, while not explicitly shown here, correlate with the Accumulation/Distribution Line (ADL), which is flattening and showing a slight decline — implying that whales and smart money are not actively accumulating at current levels. This weak accumulation could mean investors are waiting for a stronger dip or a news-driven catalyst.
--> Click here to Buy SHIB on Bitget <--
Switching to the hourly chart, the picture becomes a bit more nuanced. Shiba Inu Price showed a slight intraday rebound , gaining 0.96% from its previous hourly close. However, this bounce ran into immediate resistance at the 50-hour SMA, currently around $0.00001247, and got rejected. This intraday weakness indicates that short-term bulls lack conviction.
Interestingly, the ADL on the hourly chart is attempting to curl upward after forming a base, suggesting small pockets of accumulation during dips. However, this remains weak and inconsistent. The 200-hour SMA looms above at $0.00001309, which now acts as the critical resistance barrier for any short-term recovery.
Despite the minor price uptick, the SMA Ribbon continues to slope downward — reinforcing the idea that any rallies may be short-lived unless a breakout over the 100-hour and 200-hour SMAs occurs with strong volume.
--> Click here to Buy SHIB on Bitget <--
On the daily timeframe, the Heikin Ashi candles are red and flat-bottomed, confirming a strong bearish trend with no significant wicks to the downside — this implies clean selling pressure without much buying support. Unless SHIB price prints a green Heikin Ashi candle with a higher high and longer upper wick, the trend remains unchanged.
The SMA indicators are stacked bearishly (20 < 50 < 100 < 200), forming a classic downward ribbon. This is a textbook sign of a persistent downtrend with little chance of reversal unless a bullish crossover emerges — particularly the 20-day SMA flipping above the 50-day.
The ADL also reflects more distribution than accumulation, weakening the case for a near-term breakout.
On the hourly chart, while a small bounce occurred, the resistance at the 100-hour and 200-hour SMAs proved too strong. The ADL uptick may indicate a short squeeze or opportunistic buys, but it doesn't suggest a trend reversal just yet.
--> Click here to Buy SHIB on Bitget <--
In the near term, if Shiba Inu price fails to hold support at $0.00001200, it could revisit recent lows near $0.00001150. On the flip side, a clean breakout above $0.00001250 with a strong green Heikin Ashi candle and bullish ADL divergence might push SHIB toward the psychological resistance at $0.00001300.
However, a sustainable uptrend would require SHIB price to break above $0.00001370 (the 100-day SMA) and reclaim $0.00001690 to invalidate the bearish structure and regain bullish momentum.
Right now, Shiba Inu is in no man's land — caught between weak support and strong resistance. The daily trend is decisively bearish, while the hourly chart hints at speculative bounces rather than solid accumulation.
Unless a news catalyst, such as a SHIB ecosystem update or broader crypto rally, injects new volume, it’s likely that Shiba Inu price will continue to drift or drop further. For traders, this is a wait-and-watch zone. For long-term holders, any deeper dip may provide a better accumulation opportunity — but only with risk management in place.
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