โ๏ธ Miners on the move!
CryptoQuant reports that BTC transfers from miners to exchanges have spiked. Historically, miners sell more during dips to cover operational costs. ๐ง
If demand doesnโt absorb this selling pressure, Bitcoinโs recovery could slow down. ๐
CryptoQuant reports that BTC transfers from miners to exchanges have spiked. Historically, miners sell more during dips to cover operational costs. ๐ง
If demand doesnโt absorb this selling pressure, Bitcoinโs recovery could slow down. ๐
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๐ The "Eric Trump Effect" in action!
Ethereum tanked 30% after Eric Trump called it a "great time to buy" on Feb 3. Back then, ETH was $2,877, but five weeks laterโunder $1,800! ๐ฌ
Fun fact: his original post even said, "Youโll thank me later," but was later edited. Guess we know why. ๐
BTC wasnโt spared eitherโon Feb 6, he hyped Bitcoin at $98K. Today? $81K. ๐คท
If Eric says "buy," maybe hedge your bets.๐
Ethereum tanked 30% after Eric Trump called it a "great time to buy" on Feb 3. Back then, ETH was $2,877, but five weeks laterโunder $1,800! ๐ฌ
Fun fact: his original post even said, "Youโll thank me later," but was later edited. Guess we know why. ๐
BTC wasnโt spared eitherโon Feb 6, he hyped Bitcoin at $98K. Today? $81K. ๐คท
If Eric says "buy," maybe hedge your bets.๐
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๐ช๐บEU Scrutinizes OKX After $100M Hack
๐ฅทHackers laundered about $100 million through OKXโs Web3 platform after stealing it from Bybit, prompting European regulators to investigate.
The scrutiny focuses on whether OKX's Web3 service falls under MiCA regulations, which govern crypto platforms in the EU. If it does, OKX could face penalties, including the risk of losing its MiCA permit.๐ง
๐ The hack, which is linked to North Korean hackers, has exposed vulnerabilities in decentralized finance (DeFi) systems.
While OKX claims it has been cooperating with Bybit to block stolen funds, regulators are pushing for further action, including possible sanctions. โ๏ธ
๐ฅทHackers laundered about $100 million through OKXโs Web3 platform after stealing it from Bybit, prompting European regulators to investigate.
The scrutiny focuses on whether OKX's Web3 service falls under MiCA regulations, which govern crypto platforms in the EU. If it does, OKX could face penalties, including the risk of losing its MiCA permit.๐ง
๐ The hack, which is linked to North Korean hackers, has exposed vulnerabilities in decentralized finance (DeFi) systems.
While OKX claims it has been cooperating with Bybit to block stolen funds, regulators are pushing for further action, including possible sanctions. โ๏ธ
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๐ Is a Recession Beneficial for the U.S.?๐
๐น In 2025, the U.S. must refinance $9.2 trillion in debt, but high Fed rates make it difficult.
๐น The fastest way to lower interest rates is a recession.
๐น GDP growth forecast for Q1 2025 has already been downgraded to -2.8%. ๐ค
๐น Budget deficit keeps growing: 2024 spending at $7.8T vs. $5T revenue.
๐น Trade wars, inflation, and the debt crisis make a sharp Fed rate cut nearly impossible without a recessionโeven if Trump wants it.
๐ Are you ready for this scenario?
๐น In 2025, the U.S. must refinance $9.2 trillion in debt, but high Fed rates make it difficult.
๐น The fastest way to lower interest rates is a recession.
๐น GDP growth forecast for Q1 2025 has already been downgraded to -2.8%. ๐ค
๐น Budget deficit keeps growing: 2024 spending at $7.8T vs. $5T revenue.
๐น Trade wars, inflation, and the debt crisis make a sharp Fed rate cut nearly impossible without a recessionโeven if Trump wants it.
๐ Are you ready for this scenario?
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๐ฅ Solana Moves to a Market-Based Emission Model
๐ณ Proposal SIMD-0228 to shift SOL emissions from a fixed schedule to a market-driven model has reached quorum (70%+ approval) and will be finalized in epoch 755 (~43 hours).
๐น The goal? Eliminate unnecessary issuance and stop overpaying for securityโoften compared to a "leaky bucket" problem.
๐น The network aims to become fully economically sustainable, running solely on transaction fees reflecting real demand.
๐น Currently, Solanaโs inflation is 4.6%, decreasing 15% per year until it reaches 1.5% (on chart โฌ๏ธ)
๐น Dynamic model: If staking falls below 33%, SOL issuance will rise to incentivize participation. If staked tokens are high, inflation will decrease, reducing excess security costs.
๐ณ Proposal SIMD-0228 to shift SOL emissions from a fixed schedule to a market-driven model has reached quorum (70%+ approval) and will be finalized in epoch 755 (~43 hours).
๐น The goal? Eliminate unnecessary issuance and stop overpaying for securityโoften compared to a "leaky bucket" problem.
๐น The network aims to become fully economically sustainable, running solely on transaction fees reflecting real demand.
๐น Currently, Solanaโs inflation is 4.6%, decreasing 15% per year until it reaches 1.5% (on chart โฌ๏ธ)
๐น Dynamic model: If staking falls below 33%, SOL issuance will rise to incentivize participation. If staked tokens are high, inflation will decrease, reducing excess security costs.
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๐ More Crypto Pain Before Recovery?
10X Research warns that the crypto market is not ready for a new bull run yet.
The recent speculative memecoin collapse has weakened Solana (SOL) and other related tokens. ๐ง
Like the 2021 DeFi/NFT crash, the market needs a new narrative to fuel the next rally. ๐
Bitcoin is heading to $73,000, but caution is advised before jumping back in. ๐ค
Bottom line? The dip might not be over yet. Stay alert!
10X Research warns that the crypto market is not ready for a new bull run yet.
The recent speculative memecoin collapse has weakened Solana (SOL) and other related tokens. ๐ง
Like the 2021 DeFi/NFT crash, the market needs a new narrative to fuel the next rally. ๐
Bitcoin is heading to $73,000, but caution is advised before jumping back in. ๐ค
Bottom line? The dip might not be over yet. Stay alert!
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๐จ Investor Loses $1.82M to Phishing Scam!
A user unknowingly signed a malicious transaction on a phishing site, losing $1.82M.
๐น Double-check before signing any transaction.
๐น Revoke token approvals regularly.
๐น Use secure wallets & avoid suspicious sites.
๐น Never trust random messages or airdrops.
โ ๏ธ Stay vigilantโscammers are always hunting!
A user unknowingly signed a malicious transaction on a phishing site, losing $1.82M.
๐น Double-check before signing any transaction.
๐น Revoke token approvals regularly.
๐น Use secure wallets & avoid suspicious sites.
๐น Never trust random messages or airdrops.
โ ๏ธ Stay vigilantโscammers are always hunting!
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๐ Bitcoin in a Post-Euphoria Sell-Off
๐ Glassnode reports that the crypto market is experiencing a post-euphoria hangover, with massive panic selling and active capitulation of short-term holders.
Weak demand & fading accumulation since January have fueled a persistent sell-off. ๐
๐น STH-SOPR below 1 signals most recent buyers are realizing losses, adding to fear.
๐น Lack of dip-buying suggests investors are shifting toward risk aversion.
๐น Bitcoin could find support between $71.3Kโ$91.9K, but uncertainty remains.
โ ๏ธ Market in correction modeโstay cautious!
๐ Glassnode reports that the crypto market is experiencing a post-euphoria hangover, with massive panic selling and active capitulation of short-term holders.
Weak demand & fading accumulation since January have fueled a persistent sell-off. ๐
๐น STH-SOPR below 1 signals most recent buyers are realizing losses, adding to fear.
๐น Lack of dip-buying suggests investors are shifting toward risk aversion.
๐น Bitcoin could find support between $71.3Kโ$91.9K, but uncertainty remains.
โ ๏ธ Market in correction modeโstay cautious!
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๐จ Crypto Fail of the Day!
An unlucky Uniswap V3 user just made a jaw-dropping mistakeโswapping $220,000 USDC for only $5,000 USDT ๐คฏ.
Check the disaster yourself: Etherscan.
Howโs your day going? Any fails to share? ๐
An unlucky Uniswap V3 user just made a jaw-dropping mistakeโswapping $220,000 USDC for only $5,000 USDT ๐คฏ.
Check the disaster yourself: Etherscan.
Howโs your day going? Any fails to share? ๐
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๐ฐ Abu Dhabiโs MGX Fund Bets Big on Binance
MGX, a newly emerged investment fund from Abu Dhabi, has invested $2 billion in Binanceโmarking the largest institutional investment in a crypto company and the biggest-ever deal paid in stablecoins. ๐
Backed by Sheikh Tahnoun bin Zayed Al Nahyan, MGX is making waves in global tech investments, including Stargate, a U.S. government-linked project. Their ambitions are massive, and this is just the beginning. ๐
๐ Read more
MGX, a newly emerged investment fund from Abu Dhabi, has invested $2 billion in Binanceโmarking the largest institutional investment in a crypto company and the biggest-ever deal paid in stablecoins. ๐
Backed by Sheikh Tahnoun bin Zayed Al Nahyan, MGX is making waves in global tech investments, including Stargate, a U.S. government-linked project. Their ambitions are massive, and this is just the beginning. ๐
๐ Read more
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๐ Stablecoins Overtake Ethereum in Market Cap
The total stablecoin market cap has hit a new all-time high of $235.7B, surpassing Ethereum's market cap. Meanwhile, ETH holders face disappointment with prices stuck below $1,900. ๐
Against Bitcoin, things look even worseโETH/BTC dropped below 0.023 for the first time since December 2020. ๐ฌ
Is Ethereum losing ground, or is this just a market cycle? ๐ค
The total stablecoin market cap has hit a new all-time high of $235.7B, surpassing Ethereum's market cap. Meanwhile, ETH holders face disappointment with prices stuck below $1,900. ๐
Against Bitcoin, things look even worseโETH/BTC dropped below 0.023 for the first time since December 2020. ๐ฌ
Is Ethereum losing ground, or is this just a market cycle? ๐ค
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Crypto soothsayer
๐ Stablecoins Overtake Ethereum in Market Cap The total stablecoin market cap has hit a new all-time high of $235.7B, surpassing Ethereum's market cap. Meanwhile, ETH holders face disappointment with prices stuck below $1,900. ๐ Against Bitcoin, thingsโฆ
ETH/BTC has dropped to a 5-year low, with Ethereum losing 69.66% of its BTC value over time. ๐
As the decline continues, the crypto community is already joking about a new Ethereum logo ๐.
As the decline continues, the crypto community is already joking about a new Ethereum logo ๐.
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๐น๐ท Turkey is tightening crypto regulations with new rules for exchanges and custodians.
New requirements include investing in compliance infrastructure, establishing risk management teams, and implementing price monitoring systems. ๐
Crypto providers must also adhere to strict reporting and Anti-Money Laundering (AML) standards. These regulations align with global standards like Europeโs MiCA and the US SEC. ๐
New requirements include investing in compliance infrastructure, establishing risk management teams, and implementing price monitoring systems. ๐
Crypto providers must also adhere to strict reporting and Anti-Money Laundering (AML) standards. These regulations align with global standards like Europeโs MiCA and the US SEC. ๐
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Crypto people on Twitter are actively discussing Bitcoin's potential growth in the near future, based on its correlation with the money supply (#M2). ๐
According to recent analysis, BTC has been following M2 with a delay of about 70 days since September 2023. ๐ค
This trend suggests that Bitcoin could experience significant price movements in line with changes in the money supply. Investors are closely monitoring this pattern to predict the next moves in the market. ๐
According to recent analysis, BTC has been following M2 with a delay of about 70 days since September 2023. ๐ค
This trend suggests that Bitcoin could experience significant price movements in line with changes in the money supply. Investors are closely monitoring this pattern to predict the next moves in the market. ๐
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๐ There is a significant divergence between the BTC price chart and the networkโs hash rate.
Miners remain confident despite the price risks associated with market corrections.
This situation could be seen as a leading indicator for Bitcoinโs price, as substantial resources are being invested into coin production, suggesting that BTC might be undervalued. ๐
This divergence highlights miner optimism, which could signal a potential price surge once the market stabilizes. ๐
Miners remain confident despite the price risks associated with market corrections.
This situation could be seen as a leading indicator for Bitcoinโs price, as substantial resources are being invested into coin production, suggesting that BTC might be undervalued. ๐
This divergence highlights miner optimism, which could signal a potential price surge once the market stabilizes. ๐
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๐บ๐ธ Trump Family & Binance US Deal?
The Trump family is reportedly in talks to acquire a stake in Binance US, potentially through World Liberty Financial.
๐ฌ Some speculate that a pardon for CZ could ease Binanceโs return to the U.S. and help secure an EU license.
โ๏ธ However, CZ has denied these claims, stating they are false.
The Trump family is reportedly in talks to acquire a stake in Binance US, potentially through World Liberty Financial.
๐ฌ Some speculate that a pardon for CZ could ease Binanceโs return to the U.S. and help secure an EU license.
โ๏ธ However, CZ has denied these claims, stating they are false.
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Market in an Oversold Zone After a Strong Correction -
CryptoQuant ๐
CryptoQuant ๐
โEven without an additional sharp decline, the market has already been sufficiently lightened, making it a favorable zone for a potential upward move without the need for further significant drops.โ
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๐ BTC Correction Update
๐น Current BTC correction from the last ATH ($109,287) โ 30% ๐
โ How many 30%+ corrections since 2016?
๐น 10 times, with an average drop of 49.8%
โณ Average recovery time to previous ATH?
๐น 10 months
Interesting, how long will it take for Bitcoin to recover this time? ๐ค๐
๐น Current BTC correction from the last ATH ($109,287) โ 30% ๐
โ How many 30%+ corrections since 2016?
๐น 10 times, with an average drop of 49.8%
โณ Average recovery time to previous ATH?
๐น 10 months
Interesting, how long will it take for Bitcoin to recover this time? ๐ค๐
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