π A wallet purportedly affiliated with Matrixport withdrew 30,734 #ETH ($78 million) from Binance and OKX in the last 24 hours.
βοΈ #BTC Arthur Hayes posted a new essay noting that BTC could fall to $90,000.
π #BTC supply on exchanges hits 7 year low
Only 14.5% of all BTC now sits on centralized exchanges the lowest since August 2018. This decline signals growing investor confidence in long-term holding, & shrinking sell-side pressure.
Only 14.5% of all BTC now sits on centralized exchanges the lowest since August 2018. This decline signals growing investor confidence in long-term holding, & shrinking sell-side pressure.
ππ€ #ETH CQ: While ETHβs price hasnβt yet exploded, institutional investors continue accumulating and locking tokens at record levels, indicating that the market may be gearing up for a significant upward move.
π§ππΉ The Central Bank of Bahrain (CBB) has issued a regulatory framework authorizing compliant issuance of stablecoins. #regulation
βοΈπΏ #BTC A New York law firm has filed a class action lawsuit against Strategy over allegedly misleading information about BTC investments. theblock
π€ #BTC CQ: What happens in a bull market over the last two years when the average Funding Rate becomes negative? Fuel appears for liquidating bears and subsequent price growth due to futures.
π΅π°βοΈ IMF rejects Pakistan's proposal to provide subsidized electricity tariffs for cryptocurrency mining. cryptonews #mining
π #BTC Elon Musk yesterday liked a tweet from a user who suggested that Musk was quietly accumulating bitcoins.
πΊπΈπ³ #BTC CQ: Since April, the selling pressure from US whales and institutions has gradually decreased (red arrow), and currently, their buying pressure is being maintained (yellow box).
π¨π³ JDcom and Ant Group are lobbying for approval of Chinese yuan-based stablecoins in an effort to counter the global rise of US dollar-linked tokens. cointelegraph
πΏ #WLD CEO Robinhood says OpenAI and SpaceX tokens are derivatives, not stocks. theblock.co
π° YZi Labs joins leading financial institutions such as DRW, Tradeweb, Goldman Sachs, Citadel Securities, DTCC in a $135 million Series E Digital Asset round.
πΊπΈπ #macro USA:
- Initial Jobless Claims: 236k (pre: 236k);
- Nonfarm Payrolls: 147k (pre: 139k);
- Unemployment: 4.1% (pre: 4.2%)
- Initial Jobless Claims: 236k (pre: 236k);
- Nonfarm Payrolls: 147k (pre: 139k);
- Unemployment: 4.1% (pre: 4.2%)