๐ฅณ #ME Magic Eden: Starting today, 30% of all secondary market proceeds will go towards buybacks.
๐ฎ #BTC JPMorgan sees support for BTC at $94,000 and maintain their forecast for BTC's value to rise to around $170,000 over the next 6-12 months.
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#DYDX The dYdX community voted to increase the redemption amount of DYDX tokens from 25% to 75%.
๐น๐ญ๐ค #USDT Tether announced its assistance in a joint operation between the Thai Royal Police's Technology Crime Suppression Division (TCSD) and the U.S. Secret Service, leading to the seizure of approximately 12 million USDT (equivalent to about 400 million Thai baht). link
๐ณ #BTC Long-term holders are selling hard, with ~815K BTC sold in the past 30 days, the highest level since Jan 2024, causing sell-side pressure on the price. link
๐ฝ๐ #BTC CQ: US sessions had been a major source of selling pressureโbut thatโs now starting to cool off.
๐ฐ Top 5 Notable Rounds of Privacy-Oriented Projects
Privacy is back as a key narrative. Over the past month, Zcash has ripped ~1,500% off the lows, briefly tagging 7-year highs above $700.
Over the past 2 months, around $88M has flowed into clearly privacy-oriented projects, anchored by Cypherpunkโs $58.88M post-IPO raise to build a Zcash treasury company targeting ~5% of #ZEC supply.
If attention stays on privacy, we can expect larger follow-on checks into privacy projects.
Privacy is back as a key narrative. Over the past month, Zcash has ripped ~1,500% off the lows, briefly tagging 7-year highs above $700.
Over the past 2 months, around $88M has flowed into clearly privacy-oriented projects, anchored by Cypherpunkโs $58.88M post-IPO raise to build a Zcash treasury company targeting ~5% of #ZEC supply.
If attention stays on privacy, we can expect larger follow-on checks into privacy projects.
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๐๐ค Stablecoins are piling into exchanges. This is one of the clearest signals that fresh capital is gearing up to deploy.
The last time inflows spiked like this, it marked the start of a major risk on move across the entire market. #stablecoin
The last time inflows spiked like this, it marked the start of a major risk on move across the entire market. #stablecoin
๐๐ Swissblock: Yes, alts are red across the board, but we need to focus on whatโs happening beneath the surface.
With Bitcoin testing below $100K and still lacking force, #BTC dominance stays stable, but without the โcapitulation spikeโ where capital flees into BTC.
Instead, weโre seeing renewed accumulation in alts, a clear sign of early rotation.
The stabilization zone can hold, acting as a buffer even if BTC retests below the $97Kโ$98.5K zone.
With Bitcoin testing below $100K and still lacking force, #BTC dominance stays stable, but without the โcapitulation spikeโ where capital flees into BTC.
Instead, weโre seeing renewed accumulation in alts, a clear sign of early rotation.
The stabilization zone can hold, acting as a buffer even if BTC retests below the $97Kโ$98.5K zone.
๐บ๐ธโ
The U.S. SEC and CFTC are resuming operations after a 43-day government shutdown. cointelegraph.com