๐๐ค #BTC CQ: Bitcoin Scarcity Index on Binance jumps for the first time since June.
The index jumps when immediate buying power exceeds available supply, as if buyers are racing to acquire Bitcoin on the market.
The index jumps when immediate buying power exceeds available supply, as if buyers are racing to acquire Bitcoin on the market.
๐ฐ #BTC Strive and Asset Entities have officially formed a board of directors for a new BTC treasury company and announced a $950 million capital investment, of which $500 million will go towards share repurchases to buy BTC. theblock
๐๐ #BTC Glassnode Report: Overall, the market benefited from macroeconomic momentum, with inflows into ETFs and futures accumulation contributing to the recovery. However, weakening spot asset flows, reduced funding and increased profit taking point to emerging selling pressure. Sentiment is improving but fragility remains, leaving BTC vulnerable if demand is not sustained.
๐ฝโ The US SEC has agreed in principle to settle a lawsuit with the Winklevoss brothers' trust over their alleged failure to register a cryptocurrency asset loan program.
๐ฎ๐ฟ #UMA Polymarket has filed a filing with the SEC identifying "Other Warrants" offered in its latest funding round. The term is commonly used to refer to tokens, opening up the possibility of a Polymarket token launch.
๐ #BTC CQ: Aggressive Buying on Bybit
The Taker Buy/Sell Ratio just hit 11.72. This typically means one thing: large long positions are being opened. And this is the 2nd in a short-time.
The Taker Buy/Sell Ratio just hit 11.72. This typically means one thing: large long positions are being opened. And this is the 2nd in a short-time.
๐ธ๐ค #SOL Token Terminal: Transaction fees are no longer a blocker for the mainstream adoption of blockchain-based applications, with Solana's fees at $0.005.
Blockchain-based applications can start to move beyond high-value financial use cases to payments, consumer social applications, etc.
Blockchain-based applications can start to move beyond high-value financial use cases to payments, consumer social applications, etc.
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๐ฃ #SOL Pantera Capitalโs Dan Morehead: There wonโt be thousands of winners. Itโs Bitcoin, Ethereum, Solana. Our largest position is $1.1B in Solana.
๐คฏ #BTC The top 10 Public Bitcoin Treasuries now hold over 86% of the total 1 million BTC held by the top 100.
๐๐ค Realized #BTC profits are shrinking
- Jan โ24 peak: 48K BTC
- Jul โ24 peak: 39K BTC
- Recent peak: 23K BTC
Measuring in BTC (not USD) shows profit-taking is becoming less intense as price rises.
Seller pressure is fading โ a bullish sign for the cycle. x
- Jan โ24 peak: 48K BTC
- Jul โ24 peak: 39K BTC
- Recent peak: 23K BTC
Measuring in BTC (not USD) shows profit-taking is becoming less intense as price rises.
Seller pressure is fading โ a bullish sign for the cycle. x
๐ฝ The Senate has confirmed cryptocurrency-friendly Stephen Miran to a position at the Fed. theblock.co