π½π° Paxos has acquired New York-based crypto wallet startup Fordefi for over $100 million. Fordefi, which focuses on wallet solutions for DeFi, will initially operate independently, with plans for future integration of its technology into Paxos' infrastructure. link
π #RWA lending market now sits at $581M in supply; a 56% month-on-month increase. Total supply on Aave Horizon has been climbing steadily since launch.
π #BTC Glassnode: Bitcoin sits beneath every short-term holder's realized price but remains well above deeper realized levels, placing the market in a state of uncertainty. Regaining these bands would indicate the first significant sign of structural recovery.
πΊπΈπ Crypto #ETF Flows Today:
11 ETFs:
NetFlow: +807 $BTC (+$70.22M)
- Grayscale: +1,711 $BTC ($148.93M)
9 ETFs:
NetFlow: +35,725 $ETH (+$103.75M)
- BlackRock: +31,141 $ETH (+$90.43M)
5 ETFs:
NetFlow: +374,028 $SOL (+$50.87M)
- Bitwise: +285,372 $SOL (+$38.81M)
11 ETFs:
NetFlow: +807 $BTC (+$70.22M)
- Grayscale: +1,711 $BTC ($148.93M)
9 ETFs:
NetFlow: +35,725 $ETH (+$103.75M)
- BlackRock: +31,141 $ETH (+$90.43M)
5 ETFs:
NetFlow: +374,028 $SOL (+$50.87M)
- Bitwise: +285,372 $SOL (+$38.81M)
π°π· βοΈ Dunamu, operator of South Korea's largest exchange Upbit, is contemplating an appeal against a $25 million fine and sanctions from the Financial Intelligence Unit for alleged AML and KYC violations. Additionally, the FIU has suspended Upbit's new user onboarding for three months. link
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πΊπΈ π£ #BTC Congressman Warren Davidson suggests that the US could finance its Bitcoin Reserve by allowing tax payments in BTC.
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πΊπΈ π #BTC President Trump posted a video on Truth Social that provides a breakdown of Bitcoin.
ππ #BTC has big sell orders above the $90K level. On the downside, there are strong bids around the $80K-$83K zone.
With the stock market turning positive, Bitcoin could tap the $90,000 zone given there's not much resistance.
With the stock market turning positive, Bitcoin could tap the $90,000 zone given there's not much resistance.
π2
πΊπΈπ¦ #XLM US Bancorp is currently testing its own stablecoin on the Stellar blockchain as it expands into digital assets. The bank has formed a digital assets and money movement unit, with Mike Villano highlighting Stellarβs asset-freeze capability as a crucial feature for institutions assessing on-chain stablecoin adoption. #stablecoin link
πΊπΈπ₯³ #BTC Texas has made history as the first state to purchase Bitcoin, allocating $10 million to its Strategic Reserve.
π1
ππ Santiment: Despite a decent rebound earlier in the week, the cryptocurrency market is still showing significant losses among short and medium-term holders. According to the network, the average returns of wallets active over the past 30 days are:
#ADA: -19.2% (Extreme Undervaluation)
#LINK: -13.0% (Strong Undervaluation)
#ETH: -6.3% (Mild Undervaluation)
#BTC: -6.1% (Mild Undervaluation)
#XRP: -4.7% (Very Slight Undervaluation)
#ADA: -19.2% (Extreme Undervaluation)
#LINK: -13.0% (Strong Undervaluation)
#ETH: -6.3% (Mild Undervaluation)
#BTC: -6.1% (Mild Undervaluation)
#XRP: -4.7% (Very Slight Undervaluation)
β€1
ππ€ #BTC Over 1.6 million Bitcoin moved on-chain this week. Historically, such movements have preceded significant price increases.
π€ Layer 1 blockchain SKALE has partnered with Layer 2 Base to develop an #AI-focused Layer 3 solution. link
ππ #ETH liquidity is stacked between $3,000β$3,100, with key liquidity zones below: ~$2,820 and a major cluster at $2,760β$2,730.