❗️Silvergate bank to be liquidated
Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies.
🔍Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits.
In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN).
💭 Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients' funds are safe.
Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies.
🔍Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits.
In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN).
💭 Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients' funds are safe.
🔥 CPI data revealed - today's turning point
Today at 08:30 EST, the US Consumer Price Index (a significant indicator of the current inflation rate) comes to light. The expected index is 6.0% (a 0.4% decrease in CPI).
Possible scenarios are:
🛑 Positive: CPI below 6.0
Indicates rapid decrease in inflation;
🛑 Neutral: CPI in the range of 6.0-6.3
Would signal a moderate decrease in inflation;
🛑Negative: CPI 6.4 and above
A sign of the US monetary policy's ineffectiveness.
💭 Anyway, a volatile day is ahead, so buckle up and exercise caution in your traiding decisions!
Today at 08:30 EST, the US Consumer Price Index (a significant indicator of the current inflation rate) comes to light. The expected index is 6.0% (a 0.4% decrease in CPI).
Possible scenarios are:
🛑 Positive: CPI below 6.0
Indicates rapid decrease in inflation;
🛑 Neutral: CPI in the range of 6.0-6.3
Would signal a moderate decrease in inflation;
🛑Negative: CPI 6.4 and above
A sign of the US monetary policy's ineffectiveness.
💭 Anyway, a volatile day is ahead, so buckle up and exercise caution in your traiding decisions!
🐳 Will the whales determine the trajectory of the ether?
Whale activity has a decisive influence on the behavior of bitcoin and altcoins.
Ali Martinez provides interesting data on the correlation of the movement of addresses with a balance of 1 million to 10 million ETH with the price of ETH in the period from January 20 — after the first BTC and alt run in 2023.
At first, Ethereum whales switched to a wait-and-see strategy. They were inactive, and now these addresses have entered the game and can have a huge impact on the course of the ether.
Today, ETH is trading around $1,566, and its capitalization this week decreased to $191.641 billion. Against the background of increased pressure on the market of risky assets, altcoin sank below $ 1,600.
But if the whales start swimming and buying at the bottom, the ether may return to the support level, the analyst believes.
Whale activity has a decisive influence on the behavior of bitcoin and altcoins.
Ali Martinez provides interesting data on the correlation of the movement of addresses with a balance of 1 million to 10 million ETH with the price of ETH in the period from January 20 — after the first BTC and alt run in 2023.
At first, Ethereum whales switched to a wait-and-see strategy. They were inactive, and now these addresses have entered the game and can have a huge impact on the course of the ether.
Today, ETH is trading around $1,566, and its capitalization this week decreased to $191.641 billion. Against the background of increased pressure on the market of risky assets, altcoin sank below $ 1,600.
But if the whales start swimming and buying at the bottom, the ether may return to the support level, the analyst believes.
🛒 Crypt becomes a universal means of payment
Ripple and the Faster Payment Council surveyed 300 companies from 45 countries and came to the conclusion that by 2025 the number of businesses accepting bitcoin will grow by 50%.
Blockchain has already become an excellent alternative to expensive payment systems.
✅ The volume of transactions with digital currencies has increased markedly: more than 5.5 million crypto transactions were carried out in the USA alone when paying for goods and services.
The popularity of bitcoin and other digital currencies is growing especially rapidly in the field of cross-border payments. Foreign employees often use the crypt to send funds to their homeland — without intermediaries in the face of payment systems and banks.
The introduction of BTC, USDT and USDC accelerates the transition of PayPal and Stripe-level companies to digital assets.
Ripple and the Faster Payment Council surveyed 300 companies from 45 countries and came to the conclusion that by 2025 the number of businesses accepting bitcoin will grow by 50%.
Blockchain has already become an excellent alternative to expensive payment systems.
✅ The volume of transactions with digital currencies has increased markedly: more than 5.5 million crypto transactions were carried out in the USA alone when paying for goods and services.
The popularity of bitcoin and other digital currencies is growing especially rapidly in the field of cross-border payments. Foreign employees often use the crypt to send funds to their homeland — without intermediaries in the face of payment systems and banks.
The introduction of BTC, USDT and USDC accelerates the transition of PayPal and Stripe-level companies to digital assets.
⛷ Institutions withdraw funds from crypto funds for the fourth week in a row
The dominance of the bearish trend in the crypto world negatively affects the attractiveness of instruments focused on digital currencies.
According to CoinShares, over the past seven days, the outflow of funds from institutional investors from crypto funds amounted to $17 million.
The exodus of large market participants from the cryptosphere has been observed for the fourth week in a row.
The funds that track the performance of bitcoin have suffered the most.
✅ Only short-term instruments that bet on the fall of BTC are in the black. They raised $1.8 million. This suggests that the institutions expect a new drawdown of the largest digital currency.
In two weeks, bitcoin has lost more than 7% of its value, so bears continue to hold leading positions in the market.
The dominance of the bearish trend in the crypto world negatively affects the attractiveness of instruments focused on digital currencies.
According to CoinShares, over the past seven days, the outflow of funds from institutional investors from crypto funds amounted to $17 million.
The exodus of large market participants from the cryptosphere has been observed for the fourth week in a row.
The funds that track the performance of bitcoin have suffered the most.
✅ Only short-term instruments that bet on the fall of BTC are in the black. They raised $1.8 million. This suggests that the institutions expect a new drawdown of the largest digital currency.
In two weeks, bitcoin has lost more than 7% of its value, so bears continue to hold leading positions in the market.
#BTC .D
🥇
➡️BTC.D is currently On A major trendline resistance at 1675$
In That Zone btc.d Got Rejection Previously.
➡️Now the BTC.d Might Retest the major trendline resistance chances are high That It will get again rejection from the 1675$ Zone.
➡️For now keep Your Eye on 1675$ Zone
🥇
➡️BTC.D is currently On A major trendline resistance at 1675$
In That Zone btc.d Got Rejection Previously.
➡️Now the BTC.d Might Retest the major trendline resistance chances are high That It will get again rejection from the 1675$ Zone.
➡️For now keep Your Eye on 1675$ Zone
💰 Since the last 18 days, Bitcoin has been trading sideways in the $29k-$27k tight $2000 range.
Altcoins are falsely breaking out and breaking down as a result of this sideways move. This One of the reasons we have reduced our trades since mid-March until it breaks out of this range.
Waiting patiently for bitcoin to break out of this range.
Altcoins are falsely breaking out and breaking down as a result of this sideways move. This One of the reasons we have reduced our trades since mid-March until it breaks out of this range.
Waiting patiently for bitcoin to break out of this range.
Global crypto headlines of the day:
Police have seized Do Kwon's $2.2 million apartment in Belgrade.
MetaMask has refuted rumors of funds being stolen due to a wallet exploit.
The Central Bank of England has successfully tested the use of blockchain technology for interbank transactions.
FTX lawyers: the exchange will be relaunched in the second quarter of this year.
A16z is working on an Optimism-based rollup client dubbed Magi.
Decentralized platform Space and Time has partnered up with Microsoft.
The OpenZeppelin Defender smart contract security platform has now integrated with the Base network.
Forty-two German associations and trade unions are urging the EU to tighten AI rules.
Police have seized Do Kwon's $2.2 million apartment in Belgrade.
MetaMask has refuted rumors of funds being stolen due to a wallet exploit.
The Central Bank of England has successfully tested the use of blockchain technology for interbank transactions.
FTX lawyers: the exchange will be relaunched in the second quarter of this year.
A16z is working on an Optimism-based rollup client dubbed Magi.
Decentralized platform Space and Time has partnered up with Microsoft.
The OpenZeppelin Defender smart contract security platform has now integrated with the Base network.
Forty-two German associations and trade unions are urging the EU to tighten AI rules.
DL News
EXCLUSIVE: Police seize $2.2m Belgrade apartment where Do Kwon hid during six-month manhunt
Serbian police raided and took control of duplex following DL News scoop last week
📣 Binance has introduced Wrapped Beacon ETH (WBETH) on ETH Staking.
Binance is rebranding ETH 2.0 Staking to ETH Staking, and introducing Wrapped Beacon ETH (WBETH) on the ETH Staking service, effective from 2023-04-27 08:00 (UTC).
WBETH is a new liquid staking token, where 1 WBETH represents 1 BETH and the total staking rewards accrued by the BETH token on ETH Staking after 2023-04-27 08:00 (UTC).
Binance is rebranding ETH 2.0 Staking to ETH Staking, and introducing Wrapped Beacon ETH (WBETH) on the ETH Staking service, effective from 2023-04-27 08:00 (UTC).
WBETH is a new liquid staking token, where 1 WBETH represents 1 BETH and the total staking rewards accrued by the BETH token on ETH Staking after 2023-04-27 08:00 (UTC).
Trading is the job of FUTURE?
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No, it’s already the job of the future - without boss, without big investment and without 4-year of college💰
And Lisa shares all the information with you - absolutely free of charge and it is up to you to join the VIP Club or not 🔥 Join now — https://t.me/+uhvTa__ZWeAyMWFh!
⚡️ On her channel:
- Shows her trades and makes recommendations for free
- Teaches the basics of trading
- Has a lot of positive feedback
It’s ONLY 5 PLACES in VIP CLUB FOR 5 FASTEST PEOPLE, text her “ACCEPT” ➡️ @TRADER_LISAA 🙌🏻
🏦 JP Morgan Acquires First Republic Bank Assets
US banking giant JP Morgan Chase is set to acquire all assets of First Republic Bank (FRC) after the California Department of Financial Protection and Innovation closed the troubled bank.
💼 With $229.1 billion in assets and $103.9 billion in deposits, JPMorgan will assume all of FRC's assets, including uninsured deposits, and 84 FRC locations across eight states will reopen as JPMorgan Chase Bank branches.
US banking giant JP Morgan Chase is set to acquire all assets of First Republic Bank (FRC) after the California Department of Financial Protection and Innovation closed the troubled bank.
💼 With $229.1 billion in assets and $103.9 billion in deposits, JPMorgan will assume all of FRC's assets, including uninsured deposits, and 84 FRC locations across eight states will reopen as JPMorgan Chase Bank branches.
Binance Will Move AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFII into the Innovation Zone on 2023-05-10
https://www.binance.com/en/support/announcement/2f420fa36bcd4fe89dc6855b857b7ea9
These coins can be delisted from Binance in future. So trade carefully #NFA
https://www.binance.com/en/support/announcement/2f420fa36bcd4fe89dc6855b857b7ea9
These coins can be delisted from Binance in future. So trade carefully #NFA