📊📉 Funding rates for #BTC and the 3M rolling basis continue to trend lower. Despite high futures activity, appetite for long exposure is fading, reflecting increased caution and possibly more neutral or short-side positioning.
🔒 More than 35 million #ETH are now locked in staking, effectively locking nearly 30% of the total ETH supply.
🍿⚖ #XRP CEO Ripple: Ripple is withdrawing its cross-appeal, and the SEC is expected to withdraw its appeal as they have said before.
📊 #BTC dominance is gaining momentum — the market cap gap versus altcoins is widening.
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🗣 #BTC Ric Edelman, who advises over $250B in wealth, believes that financial advisors should be recommending up to 40% allocations in Bitcoin & Crypto.
🇺🇸 Trump calls on Powell to resign and says he's a stubborn and stupid man. #macro
🐳 Whales deposited over 45,420 #BTC (~$4,879,000,000) on Binance over the last 30 days.
📉🤔 #BTC CQ: Retail Investor Demand Hits 6-Month Low, Down 10% Over 30 Days
Retail investors’ demand, as measured by transfer volumes between $0 and $10K on a 30-day moving average, has declined by 10% over the past month.
This marks the lowest level seen in more than 6-months.
Retail investors’ demand, as measured by transfer volumes between $0 and $10K on a 30-day moving average, has declined by 10% over the past month.
This marks the lowest level seen in more than 6-months.
💰 Polymath Labs acquired Polymesh and plans to IPO on #POLYX through a reverse acquisition.
🏴☠️ #reUSD Resupply: The attack resulted in about $10 million in bad debt. Stolen funds are still in the network.
Withdrawal of funds from the insurance pool has been suspended. A formal management vote is required to lift the suspension.
Withdrawal of funds from the insurance pool has been suspended. A formal management vote is required to lift the suspension.
📊 #ETH Sentora: 25% of all staked ETH is controlled by Lido, while Binance and Coinbase each validate ~7.5%. This brings the total of these three top validators to ~40%.
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🇺🇸🗣 #BTC Senator Lummis explains how the US government could reprice their gold certificates and sell them for Bitcoin.