π€ #ETH Ethereum researcher Anthony Sassano said the Ethereum gas limit could triple next year, with some developers pushing for a fivefold increase. cointelegraph
ππ³ Whale Transactions:
1. Ethereum OG contributed 18,000 #ETH ($54.78 million) on Bitstamp. Since 2017, he has accumulated 154,076 #ETH ($79.7m) at ~$517, then sold 87,824 #ETH ($148.8m) at ~$1,694. He was left with 66,252 #ETH ($201 million) - total profit was ~$270 million;
2. bc1ql5 sold 500 #BTC ($45.37M) to cut his losses - he lost over $10.5M.
1. Ethereum OG contributed 18,000 #ETH ($54.78 million) on Bitstamp. Since 2017, he has accumulated 154,076 #ETH ($79.7m) at ~$517, then sold 87,824 #ETH ($148.8m) at ~$1,694. He was left with 66,252 #ETH ($201 million) - total profit was ~$270 million;
2. bc1ql5 sold 500 #BTC ($45.37M) to cut his losses - he lost over $10.5M.
π #BTC Arthur Hayes reiterated his year-end target of $250,000 per BTC, saying last week's drop to $80,600 marked the bottom of the cycle and the subsequent rebound confirms that view. thecryptobasic
π¨π³ The Central Bank of China (CBOC) convened a coordination meeting and confirmed that virtual assets do not have the same legal status as fiat money, are not legal tender and should not be used as currency in market circulation; relevant commercial activities constitute illegal financial activities. Stablecoins are a form of virtual asset and currently cannot effectively comply with KYC/AML requirements, creating risks of money laundering, fraudulent fundraising and illegal cross-border capital transfers.
π BTC OG (1011short) moved from long to short, opening 5x shorts at 5000 #ETH ($15.04M).
Liquidation price: $5056.5.
Liquidation price: $5056.5.
βπ€ #BTC Thirteen years ago, Bitcoin's first halving event reduced the mining block reward from 50 coins to 25 coins, marking a historic moment in which a decentralized monetary system automatically regulated new issuance through an open-source code schedule.
ππ #BTC has 2 decent liquidity clusters right now. One around the $95K-$97K level, and the other around the $83K-$85K zone.
Which way do you think BTC will move?
π - Up π - Down
Which way do you think BTC will move?
π - Up π - Down
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πΏπ£ #SAHARA Sahara AI: Our team has initiated an internal investigation into current market activity to better understand the reasons for the fluctuations. At this time, Sahara has no security threats or product-level issues.
π£ #BTC A BlackRock executive states that the BTC-ETF is currently its primary source of revenue.
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π€ #USDT Arthur Hayes, founder of BitMEX, indicated that a recent audit implies Tether is betting on upcoming Fed rate cuts, which could diminish its interest income. In response, Tether has boosted its gold and #BTC holdings to mitigate risks associated with a declining currency value.
Hayes warned that a 30% decline in this gold-BTC portfolio could jeopardize Tetherβs equity, potentially putting USDT at risk of insolvency, and suggested that major holders and exchanges may seek real-time access to Tetherβs balance sheet.
Hayes warned that a 30% decline in this gold-BTC portfolio could jeopardize Tetherβs equity, potentially putting USDT at risk of insolvency, and suggested that major holders and exchanges may seek real-time access to Tetherβs balance sheet.
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π€ #BTC CEO Strategy: BTC can only be sold if mNAV falls below 1 and no new investments are made
πΊπΈπ #macro White House Advisor Hassett expressed his willingness to serve as Fed Chair if selected by President Trump.