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Significant #BTC inflow since May reaches approximately $3.08 billion Arkham monitoring reports that the current third largest BTC holding address is the Robinhood #custody address, controlled by #Jump Trading. Over the past three months, a total of 118,300.2 BTCs have been transferred to the address, valued at around $3.08 billion. According to the #transfer chart, large amounts of transfers to this address began on May 16, and the inflow continued until July. $BTC

Significant #BTC inflow since May reaches approximately $3.08 billion

Arkham monitoring reports that the current third largest BTC holding address is the Robinhood #custody address, controlled by #Jump Trading. Over the past three months, a total of 118,300.2 BTCs have been transferred to the address, valued at around $3.08 billion.

According to the #transfer chart, large amounts of transfers to this address began on May 16, and the inflow continued until July.

$BTC

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أنشِئ حسابًا الآن للتمتّع بفرصةٍ لكسب 100 USDT من المُكافآت!
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Here's a quick rundown on the latest with BTC: 1. BTC made a breakthrough by surpassing EMA200 on the H4 chart, finally succeeding after three previous failed attempts. 2. It made a notable move by surpassing the previous lower high (LH) at 64,700, briefly reaching above 65k and then experiencing a drop of $1,500, albeit with lower volume. 3. There's excitement over the breakout of the descending trendline stemming from the peak at 72k. Some analysts believe that the corrections seen today might just be the typical Monday dip, signaling a potential buying opportunity. 4. The ascending trendline originating from December 2023 seems to be holding strong, adding to the bullish sentiment. Looking forward, the next target for BTC is set at 69k. If it manages to clear that hurdle, the sky's the limit, with some predicting it could surge all the way up to 84k. However, keep an eye out for a daily close below the April 2024 close at 60.6k, as that could invalidate the current bullish outlook. Stay tuned for more updates as the situation evolves! 📈 #BTC #bitcoinhalving #CryptoWatchMay2024 #buythedip
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💰 Trading Volumes: Hong Kong 🇭🇰 vs United States 🇺🇸 ETFs. The total trading volume of Hong Kong Bitcoin and Ethereum spot ETFs on May 6 was only US$7.72 million. In comparison, 11 #Bitcoin spot ETFs in the US had a trading volume of US$1.88 billion, 268x times higher than Hong Kong's. #CryptoPM #CryptoNews #ETFVolume
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🚨 Hold onto your hats! Michael Saylor, a heavyweight in the cryptocurrency world, has just dropped a bombshell prediction about the future of altcoins and regulatory crackdowns. 🚨 In a recent statement, Saylor outlined his belief that the U.S. Securities and Exchange Commission (SEC) is gearing up to tighten the reins on altcoins. Brace yourselves, folks, because if Saylor's crystal ball is accurate, we could be in for a seismic shift in the crypto landscape. Here's the lowdown: SEC's Crosshairs: Saylor foresees the SEC ramping up its oversight of altcoins, potentially dialing up the pressure with stricter rules or even cracking down on those who aren't playing by the book. - Market Mayhem: Picture this: a regulatory storm hitting altcoins like a tidal wave. That could mean big changes in how these coins are traded, with ripple effects on liquidity, accessibility, and how investors feel about the whole shebang - Investor Jitters: With uncertainty looming, crypto traders and investors might want to take a step back and rethink their game plans. It's all about being prepared for whatever curveballs the market might throw. What does this mean for crypto traders like you and me? Well, if Saylor's hunch pans out, we could be looking at a whole new ballgame. Think more rules, possibly fewer altcoins on the market, and a quest for stability that could put a damper on the wild ride of crypto innovation. Here's what to keep your peepers peeled for: - SEC Speak: Keep tabs on what the SEC has to say. Any official announcements or hints about their plans could send shockwaves through the crypto scene. - Market Mood: Watch how altcoin prices and trading volumes react to the regulatory rumblings. It's like reading tea leaves, but for the digital age. - Expert Advice: When in doubt, listen to the pros. Legal eagles and financial gurus will likely have some sage advice on how to navigate this brave new world of crypto regulations. Stay glued to your screens, folks. #BlackRock #MicroStrategy #CryptoWatchMay2024 #buythedip
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Binance CEO CZ Zhao Faces Potential Prison Time Amid Company's Continued Growth 🏦⚖️ Changpeng "CZ" Zhao, head of Binance, is set for sentencing on April 30th after admitting guilt for breaching U.S. anti-money laundering laws. He could face up to three years behind bars. Prosecutors are pushing for a strict sentence due to Zhao's lax regulatory approach, with his infamous "forgiveness over permission" stance. If imprisoned, Zhao could become the wealthiest person ever jailed in the U.S., with an estimated fortune of $43 billion. Despite Zhao's legal woes, Binance's growth has remained robust. The platform saw a 30% surge in users in 2023, adding 40 million new users. Binance's total customer assets now exceed $100 billion, with revenues hitting $9.8 billion in March. Zhao agreed to a $50 million personal fine, and Binance settled for $4.3 billion to resolve allegations of anti-money laundering and sanctions violations, including failure to report suspicious trades linked to terrorism. Although Zhao stepped down, he maintains influence through Binance's board, supported by loyal associates. The SEC's legal actions against Binance and its U.S. counterpart add to the regulatory challenges. Despite uncertainties, Binance's operations remain stable, with investors largely unfazed by the legal turmoil. Zhao explores new ventures, including biotech and online education. Judge Richard Jones's decision will not only shape Zhao's future but also impact crypto regulation. 🌐📉 #CZBİNANCE #czprison #binance
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Saylor Warns of SEC Crackdown on Altcoins, Alters Crypto Landscape 🚨 Michael Saylor, the force behind MicroStrategy's Bitcoin surge, now predicts a regulatory storm for major altcoins like Ethereum and Binance Coin. At a recent conference, Saylor forecasted stringent SEC actions against altcoins, suggesting they won't make it into future financial products like spot ETFs. He firmly believes that altcoins won't rival Bitcoin and expects the SEC to reclassify them as securities, altering their trading landscape. Saylor's stance aligns with recent SEC moves against crypto exchanges, hinting at tighter regulations ahead. His comments have sparked concerns among altcoin supporters, fearing a broader market impact. Yet, there's optimism that the SEC might target genuine issues, sparing established cryptos like Ethereum. The coming weeks will unveil whether Saylor's warnings reshape the crypto world or fade away. 🔄 #CryptoRegulation #Altcoins #SECWarning
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