Bitcoin Analysis by Glassnode

According to a new report by Glassnode analysts, Bitcoin has historically shown exponential growth during bull cycles, accompanied by significant corrections.

In the current bull cycle, which began in November 2022, the Bitcoin price has increased nearly fourfold from its lows. In past cycles (2015-2017 and 2018-2021), prices rose by 100 times and 20 times, respectively.

For previous cycles, the following correction distribution was typical:

- 9 pullbacks in the range of 5%-20%;
- 3 pullbacks in the range of 20%-40%;
- 1 pullback in the range of 40%-70%.

In the current cycle, the following has been observed:

- 8 pullbacks in the range of 5%-20%;
- 2 pullbacks in the range of 20%-30%;
- No pullbacks greater than 30%.

Heather Morgan appeared at the Bitcoin 2024 conference

A year ago, Morgan admitted to laundering billions of dollars stolen from the Bitfinex exchange in 2016, together with her husband, Ilya Lichtenstein. She faces up to 10 years in prison on multiple charges.

However, instead of serving her sentence, she continues to attend public events, which has raised concerns among users of the social network X. She has been repeatedly spotted at various conferences throughout the year, causing alarm in the community.

Bitcoin Casa co-founder, Jameson Lopp, called on organizers to ban Morgan from attending crypto conferences, claiming she poses a real threat to Bitcoin owners. He expressed concern that she might use her social engineering skills to gather information in the interests of the state.

Many in the crypto community share his opinion. They fear that Morgan’s presence at such events could undermine trust in the community and create additional risks. In light of these events, some…

Market Share of DEX Reaches New Historic High Compared to CEX

The monthly trading volume on decentralized exchanges (DEX) relative to centralized exchanges (CEX) has reached a new historic high. According to The Block, as of July 29, 2024, this figure stood at 14.22%.

The previous record was set in May 2023 at 13.7%.

Experts attribute the growing popularity of DEX to increased regulation of centralized platforms and a rising interest in decentralized financial instruments. Decentralized exchanges offer users a higher level of anonymity and security, which is attracting more and more investors.

Additionally, the development of technologies such as automated market makers (AMM) and integration with various blockchains contributes to the growth of trading volumes on DEX. Investors are increasingly choosing decentralized platforms for cryptocurrency trading, which is reflected in their growing market share.

Apple Delays Implementation of AI Features for iPhone and iPad

According to Bloomberg, the implementation of Apple Intelligence, an artificial intelligence system for iPhone and iPad devices, will take place later than initially planned.

AI features are expected to become available a few weeks after the release of the new versions of iOS 18 and iPadOS, which are scheduled for September 2024. This means that iPhone and iPad owners will likely be able to use Apple’s new capabilities in October.

It is believed that this decision will give the company additional time to identify and fix any potential bugs.

The delayed implementation may be related to the need to ensure the highest level of quality and stability for the new features. Additionally, the delay will allow Apple to conduct further testing and optimization of AI solutions to provide users with a smooth and error-free experience.

Some analysts also believe that this time could be used to integrate new features with other Apple…

Is a Solana ETF Possible?

Previously, the main obstacle to launching an ETF on Solana (SOL) was regulatory issues, as the cryptocurrency and several others were classified as securities.

Today, the situation has changed: the SEC amended its lawsuit against Binance, no longer asserting that the exchange facilitated trading in “crypto asset securities.”

In this lawsuit, cryptocurrencies SOL, BNB, BUSD, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI were classified as securities.

It is likely that the securities status will be removed from these cryptocurrencies, paving the way for a Solana ETF.

However, it is worth noting that BlackRock plans to focus exclusively on Bitcoin and Ethereum ETFs in the near future, with no plans for expansion. Therefore, the launch of a Solana ETF will be handled by VanEck, Grayscale, and other funds with less influence.

The launch of a Solana ETF could bring significant benefits to investors. SOL is one of the fastest-growing cryptocurrencies due…

Trump Raises $25 Million in Donations at Bitcoin 2024 Conference

US presidential candidate Donald Trump raised approximately $25 million in donations from attendees of the Bitcoin 2024 conference, held from July 25 to 27. This event marked a significant milestone in his campaign, showcasing substantial support from the cryptocurrency community.

Among those who supported his campaign were:

- Gemini exchange founders Tyler and Cameron Winklevoss, who were the first to make a donation in BTC;
- Performer Robert Ritchie, known as Kid Rock;
- Influencer and actor Jake Paul;
- Musician Billy Ray Cyrus.

Additionally, the conference attracted the attention of many influential figures and investors in the cryptocurrency industry, strengthening Trump’s position among proponents of new financial technologies. Some analysts believe that this support could play a crucial role in the election race, especially among young people and those actively interested in cryptocurrencies and blockchain…

Most recipients of Mt.Gox payouts are hodlers

Analysts noted that the current fluctuations in the $66,000–68,000 range during the payouts to Mt.Gox clients might indicate less active selling than expected and/or relatively steady demand. This conclusion is based on observations of market participants’ behavior in response to the influx of new funds.

This hypothesis is supported by the data on spot cumulative volume delta (CVD), which experts applied to two exchanges — Kraken and Bitstamp. On Kraken, the indicator remained within typical daily ranges, indicating stable activity without significant deviations. Meanwhile, on Bitstamp, there was a slight skew towards seller dominance, suggesting slightly increased pressure from those selling assets.

Thus, while the overall behavior of Mt.Gox payout recipients largely remains stable, there are some signs of increased selling activity, which could impact the market in the near term.

Bitcoin’s Market Share Reaches Its Highest Since Spring 2021

According to The Block Research, Bitcoin’s dominance index has risen to its highest level since April 2021.

Following the launch of spot ETFs for Ethereum, many investors have begun reallocating their capital in favor of Bitcoin, leading to a significant increase in its market share. As a result, Bitcoin’s share has reached 55%, marking a record high in the past two years.

Altcoins have faced capital outflows as the majority of funds are now concentrated in Bitcoin. Ethereum, Ripple, and other major cryptocurrencies have seen a decline in trading volumes and prices.

Analysts also note that the recent conference in Nashville contributed to the growth of Bitcoin’s dominance index. Key industry figures spoke at the event, highlighting BTC’s long-term prospects and generating additional interest from institutional investors.

Moreover, the growing interest in Bitcoin is linked to expectations of stricter regulations for…