#financial flows
📊 Coinshares: Cryptocurrency financial flows report.
▫️Capital outflow from the crypto industry for the week = $528,000,000.
▫️Capital outflow from crypto products related to #BTC = $400,000,000.
▫️Capital outflow from crypto products related to #ETH = $146,300,000.
▫️Last week there was a minor inflow of funds into crypto products related to #XRP and #LTC.
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#onchain
🧐 USDC 440,000,000 was transferred from Jump Trading wallets to Coinbase exchange in the past 24 hours – Lookonchain
Another USDC 606,000,000 was withdrawn from Binance exchange.
USDC will probably be converted to fiat at a 1:1 ratio.
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Hottest coins in the last 24 hours: #AMBUDT up +46%; 24-hour volume $244M.
#STORJUSDT up +45%; 24-hour volume $384M.
#MEWUSDT up +35%; 24-hour volume $331M.
#1000SATSUSDT up +33%; 24-hour volume $798M.
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Media is too big
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🇺🇸 Donald Trump in an interview with streamer Adin Ross said that cryptocurrency is a modern form of currency. If the US does not take care of these digital assets, China will.
Trump also warned the current administration against selling BTC.
At the end of the interview, Ross gave Trump a Cybertruck.
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Jeff Merkley, Richard Blumenthal, Chris Van Hollen, Elizabeth Warren and Sheldon Whitehouse sent a corresponding letter to the CFTC.
Bets on Polymarket and other services "undermine public confidence in the electoral process."
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#onchain #records
Comparable to the period of massive sell-offs after the ban of cryptocurrency in China and the collapse of FTX.
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#etf #finflows
🔼 Spot Bitcoin ETF trading volume for yesterday = $5,240,000,000!
▫️ Outflow of funds from Bitcoin ETF for 5.08 = -$168,440,000.
▫️ Inflow of funds into Ethereum ETF for 5.08 = $48,730,000. Trading volume = $715,610,000. (sosovalue)
▫️ On the balance sheet of BlackRock 237,882 ETH ($568 million) and 344,070 BTC ($18.2 billion)
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#hack #ronin #axs
🔠 #RON Hackers hacked Ronin Network for $9,330,000 – PeckShield
Ronin Network COO: Ronin Bridge is temporarily down, issue is being resolved.
In June 2022, the Axie Infinity developers already compensated $620,000,000 in losses to victims of the Ronin Network hack.
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Ronin Network COO: Ronin Bridge is temporarily down, issue is being resolved.
In June 2022, the Axie Infinity developers already compensated $620,000,000 in losses to victims of the Ronin Network hack.
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🕌 #IOTA IOTA Blockchain is Shariah Compliant
The Cambridge Institute of Islamic Finance has certified the IOTA blockchain and token as “compliant with all generally accepted Shariah requirements and guidelines.”
“Compliance drives trust and growth for IOTA in the Middle East and around the world.”
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The Cambridge Institute of Islamic Finance has certified the IOTA blockchain and token as “compliant with all generally accepted Shariah requirements and guidelines.”
“Compliance drives trust and growth for IOTA in the Middle East and around the world.”
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🧸 The Fear and Greed Index value has rolled back to the “EXTREME FEAR” zone – the minimum since July 2022.
Bearish sentiment prevails in the market.
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Bearish sentiment prevails in the market.
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"It is a speculative asset that behaves like expensive Manhattan real estate. Gold is an excellent store of value. Even in 10,000 years, its properties will not change."
Nassim Taleb is the author of the book "The Black Swan."
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Goal: mass adoption of the XRPL blockchain in the Middle East, accelerating innovation in the field of blockchain and digital assets in the UAE.
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The deadline for the SEC is April 9, 2025, but a positive decision from the OCC and CFTC is still needed.
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Next week, they plan to hold a meeting with billionaire Mark Cuban, SkyBridge Capital founder Anthony Scaramucci, and several Democratic members of the House of Representatives.
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