#Dictionary Liquidity

⚡️The ability to quickly execute a transaction. A large number of users means a large number of buyers and sellers, facilitating the quick purchase or sale of large volumes of an asset.

💵For example, selling a one-bedroom apartment has a higher chance of successful completion because the demand for such apartments is usually higher.

🪙 Currently, the adoption of #BTC stands at 4.7%

If we compare Bitcoin adoption to the adoption of the internet, we are approximately at the level of the beginning of 1999.

Is there room to grow? 🚀

🪙 A Bitcoin wallet that has been holding coins since 2011 sold 687 #BTC today for $44 million

Someone stocked up on digital gold at $2 a pop and finally decided to cash in their stash.

Well, either that or they finally remembered the password 🤷‍♂️

📉 The volume of Hong Kong cryptocurrency #ETFs turned out to be 268 times lower compared to American ones

Bloomberg analyst Eric Balchunas referred to ETFs in Hong Kong as "child's play" compared to trading by heavyweight financial players in the US, such as BlackRock, Fidelity, and Grayscale.

In total, Hong Kong funds manage around 4 000 bitcoins, whereas the assets of just the #BlackRock ETF alone amount to over 270 000 coins 💧

🪙 Today marks 10 years since Charlie Munger called #BTC "rat poison."

As of today, "rat poison" is worth over $63,000, and Charlie is already gone.

There you have it, opinions of authoritative figures 🗿

🪙 A record number of native SPL tokens are being created on the #Solana network

On May 4th, the daily figure approached 15,000. Coincidentally, #Coinmarketcap added 138 meme coins in April, whereas just a year ago, only 18 were added.

Is this a sign of a new trend in meme coins or a springtime surge in scammers? 🤔

📌 CoinShares has prepared a report on crypto financial flows for the past week:

#BTC - investment outflow of $284 million.

#ETH - inflow of $30 million.

Inflows were also noted for many altcoins. The most significant ones were:

#AVAX - $0.5 million.
#ADA - $0.4 million.
#DOT - $0.3 million.

📌 KickEX Opinion:

Negative sentiments among traders continue to be fueled by news regarding cryptocurrency regulation.

For example, we can mention the statement by CFTC Chairman Rostin Benham about new sanctions against professional participants in the cryptocurrency market.

Also recently, investors received news of a possible SEC lawsuit against Robinhood for violating securities market laws, in the form of a "Wells notice" notification.

Taking into account the past year and the stories of legal proceedings by US securities market regulators against Binance, Coinbase, Kraken, the news of new cases does not instill confidence in buying cryptocurrencies.

However, on the other hand, the launch of trading in cryptocurrency investment products in Hong Kong has slightly smoothed out the negativity and has not caused quotes to plummet even further, with an inflow of around $307 million.

⚡️ Head of #SEC Gary Gensler gave an interview. Here are the key points:

🌐 We oversee a capital market of $110 trillion. #Cryptocurrency is just a small part of this market, but it comes with many issues and fraud.

📣 The media pays too much attention to the cryptocurrency market, although it is very small compared to other segments.

📈 A large number of tokens are securities.

⚙️ Approval of #ETF #ETH is being considered.

⚡️KickEX Trading Fees Update

KickEX is the pioneering exchange to offer negative trading fees to all users. Previously, only major market makers with turnovers amounting to billions of dollars had access to such benefits. With KickEX, anyone can assume the role of a market maker and profit from each transaction made as a maker.

👉Read more in our blog

#Dictionary Fiat

💵 Fiat money is cash made of paper with multiple layers of security, issued by the government for use within and outside the country. This type of money also includes virtual currencies stored in a bank account and accessible through a regular plastic card.

🖼 The daily trading volume of #Ethereum #NFTs on OpenSea has dropped by 99% from the peak value in May 2022

Meanwhile, Donald Trump sold his NFT with a photograph after his arrest in August 2023 for $1 million (presumably, this is the remaining one percent of the market) and promised to embrace crypto in the US in case of winning the elections.

Recently, cryptocurrency has increasingly become a bargaining chip in politics, an interesting trend indeed. 🤔

#Dictionary P2P Trading

🍪🍪 Peer-to-peer or person-to-person refers to the direct buying and selling of cryptocurrencies between users without the involvement of a third party or intermediary.

#Opinion

👑 Renowned cryptographer Adam Back believes that one Bitcoin is ten times rarer than a kilogram of gold

According to him, although the value of #BTC is currently similar to that of gold, in this cycle, it should be reevaluated and settle at the level of 10 kilograms of gold per #BTC.

Like if you didn't know digital gold is as valuable as the real deal 😰

#Dictionary Ticker

🪙 A short name assigned to a project for its identification in financial markets. In cryptocurrency, this is usually the token name.

⚡️The EU is considering the possibility of including crypto assets in its structure of mutual investment funds

Such a bold move could significantly alter the investment landscape across Europe, so let's keep an eye on it. 🔍

#Dictionary Limit Order

📈 A request to buy/sell at a specified limit price, which is lower than the current price when buying and higher than the current price when selling. Such orders are displayed in the exchange order book.

🥃 Exchange order book is a list of limit orders on the market at the moment.

#Opinion

🪙 Tom Lee, the head of the research division at Fundstrat, is expecting #BTC to reach $150,000

The analyst believes that Bitcoin will reach this figure by the end of the year, with the nearest milestone around $100,000 being achieved by summer, despite dropping below $70,000.

This isn't the first time an analyst has mentioned this particular price point 🤔

⚡️The US will start fighting against #Tether

Brad Garlinghouse, the CEO of Ripple Labs, announced the US government's confrontation with the USDT issuer on Chris Vasquez's podcast.

🎙Brad called Tether an essential part of the crypto ecosystem and noted that organized pressure on the company, in his opinion, could have unpredictable effects on the entire industry and become another "black swan" event.

Do you share the opinion of the CEO of Ripple Labs? 🤔