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Despite the recent drop following
The U.S. stock market, including the S&P 500, Nasdaq, and the Dow Jones Industrial Average, has reached new all-time highs this week. This surge comes amidst growing doubts about the likelihood of rate cuts in the near future.
Previously, the market was confident about a rate cut in March, but this sentiment has shifted,
The Federal Reserve's upcoming meeting on January 31st will provide more clarity on the future direction of rates and the market.
Bitcoin has experienced a 20% decline since the launch of ETFs, which some may view as significant. However, such fluctuations are normal in a Bitcoin bull market.
While the immediate impact of ETFs on Bitcoin was unexpected, there is confidence in the long-term fundamentals of Bitcoin. The buying pressure from ETFs was anticipated to support the market, and while timing may have been off, the underlying strength of Bitcoin remains intact.
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According to Santiment
The number of non-empty Dogecoin wallets has surged by 13.8% in the past three months.
This increase indicates sustained user activity and the enduring popularity of the iconic cryptocurrency.
After a significant rise earlier this year, Dogecoin experienced a flattening trend. Despite this, the community remains active and engaged, as shown by the growth in non-empty wallets.
In March, the Dogecoin Foundation launched GigaWallet v.1.0, a backend service that offers an integration API for platforms to transact Dogecoin programmatically. This initiative aims to expand Dogecoin's adoption and utility.
At the time of writing, Dogecoin is trading
The growth in non-empty wallets and ongoing developments suggest that the Dogecoin community is not solely driven by speculative trading but also includes users who see long-term value in holding DOGE.
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Chart Image by d4045
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π According to the Visa Stablecoin Dashboard, Solana has experienced a sharp increase in stablecoin transactions, particularly with #USDC.
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Since March 14th, there's been a decline in the activity of BTC whales.
The market is exhausting everyone, but with a return to previous levels of activity, we may be approaching at least an all-time high
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πΊπΈWasabi Wallet has blocked access to its services for users from the USA
The developer of the popular Bitcoin wallet, Wasabi Wallet, zkSNACKs, has restricted access to its services for users from the USA.
American customers will no longer be able to use the wallet's API and RPC.
Wasabi Wallet is known for its CoinJoin feature, which enhances user privacy.
This decision was taken shortly after the arrest by US authorities of the founders of Samourai Wallet, another wallet with a focus on privacy.
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The developer of the popular Bitcoin wallet, Wasabi Wallet, zkSNACKs, has restricted access to its services for users from the USA.
American customers will no longer be able to use the wallet's API and RPC.
Wasabi Wallet is known for its CoinJoin feature, which enhances user privacy.
This decision was taken shortly after the arrest by US authorities of the founders of Samourai Wallet, another wallet with a focus on privacy.
Stay up to date with @token_paper
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The S&P 500 has rebounded, with most reports pleasing investors.
πWeekly Digest:
π Cryptocurrencies
πΈ SEC has postponed the review of applications for a spot ETH ETF to June
πΈ Payment company Stripe has added support for USDC
πΈ Franklin Templeton has tokenized $380 million in U.S. Treasury bonds on the Polygon and Stellar networks
πΈ The TON team has reduced transaction fees by 2.5 times
π¦ Crypto Exchanges
πΈ Binance's share of BTC spot trades has decreased from 81.3% to 55.3%
πΈ Binance conducted a quarterly burn of BNB valued at $1.17 billion
βοΈ Regulation
πΈ Tether will freeze all addresses associated with companies and individuals on the U.S. Treasury's sanctions list
πΈ The authorities in Thailand will block access to all crypto exchanges without a license
πΈ The U.S. prosecution has requested 3 years in prison for Changpeng Zhao, with the trial scheduled for April 30
πΈ In the U.S. and Portugal, founders of the anonymous BTC wallet Samourai Wallet were arrested for aiding in money laundering
βοΈ Technology
πΈ Jack Dorsey's Block company announced the development of a 3-nm chip for BTC mining
πΈ Google Cloud introduced its own Web3 platform
π¨ Hacks
πΈ Within 1 month, 12 meme tokens on Solana were created and then shut down
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Good morning π!
π The majority of the top 100 cryptocurrencies are currently in the red zone
β Fear/Greed Index: 57 - the market sentiment is neutral
πͺ BTC $62,200
π· ETH $3,180
πͺ SOL $134
There have been no significant events in the past day. BTC is painting another red candle and is pressing on the support level; I expect to see a breakthrough this week.
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There have been no significant events in the past day. BTC is painting another red candle and is pressing on the support level; I expect to see a breakthrough this week.
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Justin Bieber's Investment in NFTs Plummets by 95%π
NFTs purchased by singer Justin Bieber in 2022 for $2 million are now worth just over $100,000. The pop star's losses amount to 94.7%, according to analysts at Arkham Intelligence.
Initially, Bieber's wallet received $2.34 million in Ethereum. A large part of this sum ($1.86 million) was spent on acquiring two Bored Ape Yacht Club (BAYC) and a couple of Mutant Ape Yacht Club (MAYC) NFTs.
The portfolio also included tokens from the World of Women, Doodles, Otherdeed, and Metacard collections.πΌ
Since then, assets have declined in value from 89.7% to 97.4%.π
Meanwhile, his wallet still holds one BAYC and one MAYC, which together are currently valued at $47.3 thousand.π
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NFTs purchased by singer Justin Bieber in 2022 for $2 million are now worth just over $100,000. The pop star's losses amount to 94.7%, according to analysts at Arkham Intelligence.
Initially, Bieber's wallet received $2.34 million in Ethereum. A large part of this sum ($1.86 million) was spent on acquiring two Bored Ape Yacht Club (BAYC) and a couple of Mutant Ape Yacht Club (MAYC) NFTs.
The portfolio also included tokens from the World of Women, Doodles, Otherdeed, and Metacard collections.
Since then, assets have declined in value from 89.7% to 97.4%.
Meanwhile, his wallet still holds one BAYC and one MAYC, which together are currently valued at $47.3 thousand.
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X/Twitter will become a full-service financial services app, as it now has money transfer licenses in 25 U.S. states.
It's interesting to wonder, what will be used for making purchases and transactions? Elon, we're not hinting at anything, but...
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