🤝 Sui Partners with Google Cloud to Advance WEB3 Innovations
In a noteworthy collaboration, Sui has joined forces with Google Cloud to drive WEB3 innovations forward. This partnership aims to address challenges related to security, scalability, and other key areas within the WEB3 landscape.
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Zhao was sentenced Tuesday by US District Judge Richard Jones in Seattle. Dressed in a dark suit with a light blue tie, Zhao arrived in court flanked by half a dozen lawyers. His mother and sister watched his sentencing from the front row of the courtroom.
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🔞 Coinglass: 286,590,000 LONG positions were eliminated per day!
#BTC at the moment < $60,000
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The consensus forecast is A PAUSE.
- The "pigeon" rhetoric of J. Powell saved the United States from recession in December.
- Now the head of the #Fed needs to take a “hawkish” position in order to bring inflation back under control.
- Payments on the US national debt may reach 1.7 trillion.$ as early as April 2025, unless the Fed cuts the rate.
- The Fed chairmen believe that there are quite acceptable options for action if something does not go according to their plan.
- We expect the Fed to start lowering the interest rate in December. (forecast earlier - July)
- We expect the Fed to start lowering the interest rate in July. (forecast earlier - June)
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- after he was sentenced to 4 months in prison.
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🔻April is the first "red" month for BTC since August 2023.
▫️ Bitcoin closed the month with a minus = 14.76%.
▫️MAY is considered a "weak" month in terms of profitability - BTC has closed in plus only 5 times in 11 years.
#BTC: Monthly Yield (2013-2024)
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Casio, renowned for its iconic watch brand, is set to debut an NFT collection on the Astar blockchain. This move signifies Casio's foray into the digital asset realm, leveraging the capabilities of blockchain technology to offer unique and collectible digital items.
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The U.S. Attorney's Office is reportedly investigating the financial transactions of Jack Dorsey's company. It is alleged that Square and Cash App, the main divisions of the company, may have violated laws by processing transactions from sanctioned countries.
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Exciting news for tech enthusiasts! LG Smart TVs have integrated the capability to trade NFTs on the Hedera blockchain. This integration opens up new possibilities for users to engage in the NFT market directly from their LG Smart TVs.
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‼️ The Fed is making an interest rate decision!
FACT: 5.50% (PAUSE)
FORECAST: 5.50%
PREV.: 5.50%
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❗️ COVER LETTER #FED
▫️The Fed will continue to reduce the balance sheet (#QT).
▫️The Fed will slow down the pace of balance sheet reduction starting in JUNE.
▫️Economic activity continues to grow at a steady pace.
▫️Job growth remains strong and the unemployment rate remains low.
▫️Inflation has decreased over the past year, but remains high.
▫️There has been no progress in achieving the 2% inflation target in recent months.
▫️The economic outlook is uncertain.
▫️The Fed is ready to adjust the PREP depending on the incoming macro data.
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Yesterday saw a significant record set in the outflow of funds from Bitcoin ETFs, totaling a staggering -$563.77 million. Notably, BlackRock's Bitcoin ETF (#IBIT) experienced a net outflow for the first time, reaching -$36.93 million. This development signals notable shifts in investor sentiment and behavior within the cryptocurrency market.
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In a notable move, BNP Paribas, one of Europe's largest banks and a member of the "Big Four," has purchased 1030 shares of #IBIT, the Bitcoin ETF by BlackRock. BNP Paribas ranks among the top 9 largest banks globally, underscoring the significance of their investment in the cryptocurrency space.
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In a significant move, Block, led by Jack Dorsey, has announced strategic investments in Bitcoin. The company plans to allocate 10% of its gross profit from Bitcoin products every month towards further investments. As of the end of Q1 2024, Block's holdings in Bitcoin amounted to an impressive $573,000,000, as detailed in their report. Dorsey emphasized the importance of an open protocol for money that is not owned or controlled by any single organization, reflecting a commitment to the decentralized ethos of Bitcoin.
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🇦🇪 Cardano Partners with Dubai Blockchain Center
Cardano has entered into a partnership agreement with the Dubai Blockchain Center, marking a significant collaboration in the blockchain space. This partnership aims to strengthen Cardano's growing ties with influential companies and stakeholders in Dubai and the Middle East region.
Together, Cardano and Dubai Blockchain Center will launch a platform offering educational seminars, furthering blockchain adoption and knowledge dissemination in the region.
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Tether has announced plans to start monitoring transactions involving USDT on the secondary market. The issuer aims to more effectively identify wallets associated with illegal activities and sanctions evasion.
According to Tether's CEO, the collaboration with Chainalysis marks a significant step towards enhancing transparency and security in the cryptocurrency industry. This proactive approach seeks to safeguard the entire ecosystem from illicit activities.
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FACT: 3.9%
FORECAST: 3.8%
PREV.: 3.8%
FACT: 175K
FORECAST: 238K
PREV.: 315K
FACT: 3.9%
FORECAST: 4.0%
PREV.: 4.1%
FACT: 0.2%
FORECAST: 0.3%
PREV.: 0.3%
FYWELXVO
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🩸 7th Day of Outflow from Bitcoin ETF!
The trend of outflow continues for the 7th consecutive day from Bitcoin ETFs, with no inflow reported since April 24th. The net outflow over the past 7 trading days amounts to a significant $1.23 billion, as indicated by SOSOValue data. This sustained outflow suggests ongoing investor sentiment and activity within the Bitcoin market.
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PeckShield has reported that a significant holder, dubbed "Whale," accidentally parted ways with 1,155 Wrapped Bitcoin (WBTC), valued at over $70,000,000. This loss occurred as a result of encountering a phishing smart contract.
Wrapped Bitcoin (WBTC) is an ERC-20 token pegged to Bitcoin (BTC) at a 1:1 ratio, essentially serving as a Bitcoin analogue on the Ethereum blockchain.
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