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🗣 #ETH Tom Lee: Ethereum is essentially having its 1971 moment equivalent.
In 1971, the US dollar went off the gold standard. After the initial shock, the stock market experienced a significant upward surge, known as the "Nixon Rally."
In 1971, the US dollar went off the gold standard. After the initial shock, the stock market experienced a significant upward surge, known as the "Nixon Rally."
📊👀 #BTC According to glassnode data, the daily transaction fees on the BTC network (14-day SMA) recently dropped to 3.5 BTC, marking the lowest level since late 2011.
🌎 #TRX TRON is the most-used blockchain for stablecoin transfers in 35 of 50 countries studied — spanning Asia, Africa & LatAm. coindesk
🇸🇻📈 #BTC El Salvador keeps stacking sats — still adding 1 BTC per day.
Treasury now holds 6,278 BTC (~$721M).
Treasury now holds 6,278 BTC (~$721M).
⚖🍿 #XAI The team of blockchain project Xai filed a lawsuit against Ilon Musk's xAI, accusing the latter of trademark infringement and unfair competition. It is claimed that Ilon's legal team tried to pressure Ex Populus into giving up its rights by threatening to cancel its registration earlier this month.
The US Patent and Trademark Office has already suspended several of Musk's applications to register the xAI trademark.
The US Patent and Trademark Office has already suspended several of Musk's applications to register the xAI trademark.
📉 #BTC Glassnode: Daily transaction fees on the BTC network (14-day SMA) fell to 3.5 BTC, marking the lowest level since late 2011.
📊 #ETH CoinGlass: Over the last week ~108,000 ETH has been transferred to CEX, with 119,300 ETH withdrawn from Coinbase Pro (over the last 30 days >940k ETH)
📊👀 #BTC #ETH Santiment Report:
- Social media discussion of the Fed rate cut reached the highest level in 11 months (a significant spike could indicate market euphoria and a potential need for caution);
- A growing number of predictions for a "higher" BTC price, while ETH discussions remain neutral;
- BTC's high MVRV and very positive funding rates may indicate an overheated market;
- The number of BTC on exchanges has increased by almost 70,000 since the beginning of June;
- Short-term (30D) MVRV is approaching +15%, a level considered a "danger zone" where altcoins often experience pullbacks; and long-term MVRV is at a very high +58.5%, increasing the risk of profit taking;
- Ethereum blockchain data looks optimistic in the long term;
- #LINK and #API3 are showing peak activity levels, which can sometimes signal an impending trend reversal.
- Social media discussion of the Fed rate cut reached the highest level in 11 months (a significant spike could indicate market euphoria and a potential need for caution);
- A growing number of predictions for a "higher" BTC price, while ETH discussions remain neutral;
- BTC's high MVRV and very positive funding rates may indicate an overheated market;
- The number of BTC on exchanges has increased by almost 70,000 since the beginning of June;
- Short-term (30D) MVRV is approaching +15%, a level considered a "danger zone" where altcoins often experience pullbacks; and long-term MVRV is at a very high +58.5%, increasing the risk of profit taking;
- Ethereum blockchain data looks optimistic in the long term;
- #LINK and #API3 are showing peak activity levels, which can sometimes signal an impending trend reversal.
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🔍 #WLFI The top 10 participants in the WLFI public sale round own 4.63% of the total supply (4.64 billion WLFI).
The address with the most tokens moonmanifest.eth owns over 1 billion tokens, well ahead of the rest.
The address with the most tokens moonmanifest.eth owns over 1 billion tokens, well ahead of the rest.
🖼📉 #NFT sales fell 25% to $134 million this week.
Despite the drop in sales, market participant activity continues to increase with the number of NFT buyers up 25.7% and the number of NFT sellers up 25.9%.
Courtyard at Polygon regained the top spot in the collections ranking with $14.7 million in revenue (+42%)
Despite the drop in sales, market participant activity continues to increase with the number of NFT buyers up 25.7% and the number of NFT sellers up 25.9%.
Courtyard at Polygon regained the top spot in the collections ranking with $14.7 million in revenue (+42%)
🔍🐳 Whale Transactions:
- Whale spent another 6,000 BTC ($689.5 million) to buy ETH and has now purchased 278,490 ETH ($1.28 billion) at an average price of $4,585 and has a long of 135,265 ETH ($581 million);
- A smart trader who made huge profits on #PEPE, sold 128.87 billion PEPE ($1.45 million) to buy 2,517 #AAVE ($923k) and 61,567 #PENDLE ($367k) and now holds 2.35 trillion PEPE ($26.6 million), 12.74 million ENA ($9.4 million), 21,298 AAVE ($7.6 million) and 734,289 PENDLE($4.45 million);
- Whale spent 3 million USDT to buy 267.35 billion PEPE via 2 wallets (1 and 2)
- 5 new wallets purchased 19,332 ETH ($92m) in the last 2 days;
- Hacker who stole >$300M from Coinbase users acquired 38,126 SOL ($7.95M) via two addresses (1 and 2).
- Whale spent another 6,000 BTC ($689.5 million) to buy ETH and has now purchased 278,490 ETH ($1.28 billion) at an average price of $4,585 and has a long of 135,265 ETH ($581 million);
- A smart trader who made huge profits on #PEPE, sold 128.87 billion PEPE ($1.45 million) to buy 2,517 #AAVE ($923k) and 61,567 #PENDLE ($367k) and now holds 2.35 trillion PEPE ($26.6 million), 12.74 million ENA ($9.4 million), 21,298 AAVE ($7.6 million) and 734,289 PENDLE($4.45 million);
- Whale spent 3 million USDT to buy 267.35 billion PEPE via 2 wallets (1 and 2)
- 5 new wallets purchased 19,332 ETH ($92m) in the last 2 days;
- Hacker who stole >$300M from Coinbase users acquired 38,126 SOL ($7.95M) via two addresses (1 and 2).
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🐳📉 #BTC whale sold 24,000 BTC worth over $2.7 billion, causing today’s -$4,000 crash in minutes.
They still hold 152,874 BTC worth more than $17 billion.
They still hold 152,874 BTC worth more than $17 billion.