One year after China’s crypto mining ban: Almost 100 Bitcoin nodes still running
Despite the widely publicized crackdown by the Chinese government on anything that has to do with cryptocurrency, including its mining, relevant data shows dozens of nodes still running in the country.
Source
Despite the widely publicized crackdown by the Chinese government on anything that has to do with cryptocurrency, including its mining, relevant data shows dozens of nodes still running in the country.
Source
BREAKING: US Crypto Bill allegedly leaked
What does the Crypto bill encapsulate?
🚩 Here is the summary of Bill content:
🔸 Compliances, DAOs, exchanges, and stablecoin providers would have to become registered entities
🔸 Security laws have been re-painted with clarity, and a host of assets have been re-classified as commodities under the CFTC.
🔸 Compliance costs are proposed to be risen. Investors might have to indirectly bear the burden of the same as exchanges would try to recover the same via higher fees
🔸Bankruptcy definitions have also been changed. Per the bill, assets deposited would get returned to users and not liquidated.
🔸Fee offsetting rules mean exchanges would have to pay the government from fees, and the same would likely escalate costs.
🔸 The proposal also gives depository institutions the right to issue stablecoins.
source
What does the Crypto bill encapsulate?
🚩 Here is the summary of Bill content:
🔸 Compliances, DAOs, exchanges, and stablecoin providers would have to become registered entities
🔸 Security laws have been re-painted with clarity, and a host of assets have been re-classified as commodities under the CFTC.
🔸 Compliance costs are proposed to be risen. Investors might have to indirectly bear the burden of the same as exchanges would try to recover the same via higher fees
🔸Bankruptcy definitions have also been changed. Per the bill, assets deposited would get returned to users and not liquidated.
🔸Fee offsetting rules mean exchanges would have to pay the government from fees, and the same would likely escalate costs.
🔸 The proposal also gives depository institutions the right to issue stablecoins.
source
Binance whale activity
🔸 For the past two weeks, this Binance whale has marked every local peak and low.
🔸 This behavior shows that investors are buying low and selling high.
🔸 Before the current push, it has recently filled 2,000 BTC (60 million) at the local lows of 29.2k.
source
🔸 For the past two weeks, this Binance whale has marked every local peak and low.
🔸 This behavior shows that investors are buying low and selling high.
🔸 Before the current push, it has recently filled 2,000 BTC (60 million) at the local lows of 29.2k.
source
🚨PSA: Osmosis halted under immediate emergency due to a critical bug🚨
🔸 A critical bug has been found Osmosis Zone which could have potentially drained all liquidity pools
The exploit was very simply executed:
1. Add liquidity to a pool
2. Remove liquidity from the pool allowing 50% extra. No bonding needed.
3. Rinse and repeat
🔸 At this time the Osmosis DEX and Wallet are inoperable, until repairs are completed.
Wait for further announcement by the devs and check your funds if it's safe.
source
🔸 A critical bug has been found Osmosis Zone which could have potentially drained all liquidity pools
The exploit was very simply executed:
1. Add liquidity to a pool
2. Remove liquidity from the pool allowing 50% extra. No bonding needed.
3. Rinse and repeat
🔸 At this time the Osmosis DEX and Wallet are inoperable, until repairs are completed.
Wait for further announcement by the devs and check your funds if it's safe.
source
Funding Rate Update:
🔸 As the Crypto market experience, a downfall with the S&P 500, funding rates on exchanges has become short-central.
🔸 Major shorts have risen to their greatest levels in a month in both Bitcoin and altcoins.
🔸 A bounce can occur if there is too much FUD creating a short squeeze
Source
🔸 As the Crypto market experience, a downfall with the S&P 500, funding rates on exchanges has become short-central.
🔸 Major shorts have risen to their greatest levels in a month in both Bitcoin and altcoins.
🔸 A bounce can occur if there is too much FUD creating a short squeeze
Source
Every Third Billionaire Has Direct or Indirect Exposure to Crypto (Forbes Survey)
The global media company Forbes questioned 65 of the world’s wealthiest people to find out what chunk of them are part of the cryptocurrency ecosystem. Per the results, 30% have directly or indirectly invested in digital assets. Approximately 18% said they had allocated at least 1% of their fortune into the asset class, 80% stated cryptocurrencies account for 10% of their portfolios, and 3.2% have invested over half of their possessions. The remaining 10% have not directly invested in bitcoin or altcoins but had backed exchanges, managers, or service providers part of the industry.
Source
The global media company Forbes questioned 65 of the world’s wealthiest people to find out what chunk of them are part of the cryptocurrency ecosystem. Per the results, 30% have directly or indirectly invested in digital assets. Approximately 18% said they had allocated at least 1% of their fortune into the asset class, 80% stated cryptocurrencies account for 10% of their portfolios, and 3.2% have invested over half of their possessions. The remaining 10% have not directly invested in bitcoin or altcoins but had backed exchanges, managers, or service providers part of the industry.
Source
About $504M of Positions Gets Liquidated Due to BTC Drop Below $25,000
Due to the recent Bitcoin drop below $25,000 about $504M in longs and shorts was liquidated from the leading derivatives exchanges:
- $183M on OKX;
- $120M on Binance;
- $76M on FTX;
- $62M on Bybit;
- $22M on Deribit.
👉 https://cryptorank.io/derivatives-analytics/bitcoin
Due to the recent Bitcoin drop below $25,000 about $504M in longs and shorts was liquidated from the leading derivatives exchanges:
- $183M on OKX;
- $120M on Binance;
- $76M on FTX;
- $62M on Bybit;
- $22M on Deribit.
👉 https://cryptorank.io/derivatives-analytics/bitcoin
