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โโ Ant Group and JD com have suspended their plans to issue stablecoins in Hong Kong after Chinese regulators, including the NBK and CAC, demanded a halt to the projects. ft
๐ #NFT trading volume this week increased by over 5% to $158M and the number of NFT buyers and sellers increased by ~125%.
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๐ #HYPE Sentora: Hyperliquidโs strong growth continues with permissionless perpetuals deployments, a new feature that democratizes market creation that could drive significantly higher perp volumes.
๐ฃ NYDIG Global Head of Research: #USDC, #USDT and #USDe are not true dollar pegged stablecoins and their value fluctuates based on market supply and demand. They are essentially just market trading instruments.
๐๐ค #BTC Analysts: In recent years, Bitcoin has been closely correlated with returns, while gold has not. Bitcoin is a more profitable hedging instrument.
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๐๐ค #BTC Average order size for Futures Trading fell from $6k earlier this year to $2k...suggesting that its mainly retail pushing the futures market.
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๐บ๐ธ๐ฃ #BTC Vice President JD Vance says Bitcoin is secure, resistant to fraud, and a reliable digital store of value.
๐๐ค #BTC Alphractal: When RVTS drops, like now, it shows the network is alive, with more organic activity and capital flowing again.
Historically, strong declines in the RVTS have preceded major bull phases, as they indicate that Bitcoin is being used, accumulated, and transferred โ not just held.
In short:
RVTS falling = Network heating up.
Network heating up = Fundamentals strengthening.
Strong fundamentals = Alpha ahead.
RVTS Ratio shows how much Bitcoin is actually moving compared to the value already stored
Historically, strong declines in the RVTS have preceded major bull phases, as they indicate that Bitcoin is being used, accumulated, and transferred โ not just held.
In short:
RVTS falling = Network heating up.
Network heating up = Fundamentals strengthening.
Strong fundamentals = Alpha ahead.
RVTS Ratio shows how much Bitcoin is actually moving compared to the value already stored
๐บ๐ธ๐ฎ๐ณ #tradewars Trump said he will keep "huge" duties on India until it stops buying Russian oil.