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BNB Chain is testing quantum computer protection
โ The network developers announced that the blockchain is technically ready to transition to post-quantum cryptography, but this extra security came at the cost of reduced speed.
๐ During testing, the team swapped out classic signatures for post-quantum algorithms ML-DSA-44 and STARK aggregation.
Result:
๐ network performance dropped by about 35โ40%
๐ transaction sizes increased by more than 20 times
๐ block sizes grew to nearly 2 MB
โ๏ธ The main issue turned out to be not the consensus itself, but the sharp increase in network load and data transfer channels.
๐ณ Meanwhile, BNB Chain has become one of the first major EVM networks to publicly showcase the real consequences of transitioning to quantum protection.
๐ค In light of the development of quantum technologies, preparations have already begun:
๐ข Ethereum Foundation
๐ข Ripple
๐ข Bitcoin developers
๐ข IBM and other tech companies
๐ญ The topic of post-quantum security is becoming increasingly relevant for the entire crypto industry.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
โ The network developers announced that the blockchain is technically ready to transition to post-quantum cryptography, but this extra security came at the cost of reduced speed.
๐ During testing, the team swapped out classic signatures for post-quantum algorithms ML-DSA-44 and STARK aggregation.
Result:
๐ network performance dropped by about 35โ40%
๐ transaction sizes increased by more than 20 times
๐ block sizes grew to nearly 2 MB
โ๏ธ The main issue turned out to be not the consensus itself, but the sharp increase in network load and data transfer channels.
๐ณ Meanwhile, BNB Chain has become one of the first major EVM networks to publicly showcase the real consequences of transitioning to quantum protection.
๐ค In light of the development of quantum technologies, preparations have already begun:
๐ข Ethereum Foundation
๐ข Ripple
๐ข Bitcoin developers
๐ข IBM and other tech companies
๐ญ The topic of post-quantum security is becoming increasingly relevant for the entire crypto industry.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
Expert Warns of Potential Liquidity Crisis for USDT and USDC
๐ At the Digital Money Summit, Union Investment's Christoph Hock stated that the largest stablecoins may face issues in stressful market conditions.
๐ธ In his opinion, the reserves of Tether and Circle resemble more of an investment fund than a traditional monetary instrument.
He particularly highlighted Tether's reserve structure:
๐ต Bitcoin holdings
๐ต Large gold reserves
๐ต Market assets with volatility
๐ Hock believes that in the event of mass withdrawals, this could create liquidity risks for stablecoin holders.
๐๏ธ As an example, he reminded attendees of past instances of USDC decoupling from the dollar:
๐ข In 2024, the token briefly dropped to $0.74
๐ข In 2023, it fell to $0.87
โถ๏ธ According to the expert, such volatility is unacceptable for large companies and funds using stablecoins as a cash equivalent.
โก๏ธ Meanwhile, Tether previously reported profits of over $1 billion for the quarter and continues to actively increase its gold reserves.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ At the Digital Money Summit, Union Investment's Christoph Hock stated that the largest stablecoins may face issues in stressful market conditions.
๐ธ In his opinion, the reserves of Tether and Circle resemble more of an investment fund than a traditional monetary instrument.
He particularly highlighted Tether's reserve structure:
๐ต Bitcoin holdings
๐ต Large gold reserves
๐ต Market assets with volatility
๐ Hock believes that in the event of mass withdrawals, this could create liquidity risks for stablecoin holders.
๐๏ธ As an example, he reminded attendees of past instances of USDC decoupling from the dollar:
๐ข In 2024, the token briefly dropped to $0.74
๐ข In 2023, it fell to $0.87
โถ๏ธ According to the expert, such volatility is unacceptable for large companies and funds using stablecoins as a cash equivalent.
โก๏ธ Meanwhile, Tether previously reported profits of over $1 billion for the quarter and continues to actively increase its gold reserves.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
See translation
๐ฏ ะะทะผะตะฝะตะฝะธั ััะฝะบะฐ ะทะฐ ัััะบะธ + ัะพะฟ-10 ะผะพะฝะตั
๐ผ 2.57 ััะป (+0,32%) - ะะฐะฟะธัะฐะปะธะทะฐัะธั ััะฝะบะฐ ะบัะธะฟัะพะฒะฐะปัั.
๐ต 40 ( ะะตะนััะฐะปัะฝะพ ) - ะะฝะดะตะบั ัััะฐั ะฐ ะธ ะถะฐะดะฝะพััะธ.
๐ 32/100 - ะะฝะดะตะบั ะฐะปัััะตะทะพะฝะฐ CMC.
๐ ะขะพัะณัั ะฝะฐ ByBit ๐ค ะขะพัะณัั ะฝะฐ Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ผ 2.57 ััะป (+0,32%) - ะะฐะฟะธัะฐะปะธะทะฐัะธั ััะฝะบะฐ ะบัะธะฟัะพะฒะฐะปัั.
๐ต 40 ( ะะตะนััะฐะปัะฝะพ ) - ะะฝะดะตะบั ัััะฐั ะฐ ะธ ะถะฐะดะฝะพััะธ.
๐ 32/100 - ะะฝะดะตะบั ะฐะปัััะตะทะพะฝะฐ CMC.
๐ ะขะพัะณัั ะฝะฐ ByBit ๐ค ะขะพัะณัั ะฝะฐ Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ฅ New video on my YouTube channel
๐ My trading system for EVERY day! [trade consistently]
๐ซถ Thanks for the likes and comments
๐ https://youtu.be/a7fxZWywhxE
๐ My trading system for EVERY day! [trade consistently]
๐ซถ Thanks for the likes and comments
๐ https://youtu.be/a7fxZWywhxE
๐ Daily News Digest
๐ต RWA market cap on Solana has surpassed $2 billion
๐ต South Korea tested a won-based stablecoin
๐ต Saudi Arabia launched its first quantum computer
๐ต BTCFi protocol Echo got hacked for $816,000
๐ต Musk lost the lawsuit against Sam Altman and OpenAI
๐ต Vitalik Buterin announced a new era of Ethereum security thanks to AI and formal verification
๐ต Crypto ETFs have 'buried' the funeral business: a South Korean firm lost $33 million
๐ต Prime Trust filed a lawsuit against Swan Bitcoin over $1 billion transfers shortly before the crash
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ต RWA market cap on Solana has surpassed $2 billion
๐ต South Korea tested a won-based stablecoin
๐ต Saudi Arabia launched its first quantum computer
๐ต BTCFi protocol Echo got hacked for $816,000
๐ต Musk lost the lawsuit against Sam Altman and OpenAI
๐ต Vitalik Buterin announced a new era of Ethereum security thanks to AI and formal verification
๐ต Crypto ETFs have 'buried' the funeral business: a South Korean firm lost $33 million
๐ต Prime Trust filed a lawsuit against Swan Bitcoin over $1 billion transfers shortly before the crash
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
IBM has announced the dawn of a practical era of quantum computing
๐ The company believes that quantum technologies are moving beyond the labs and starting to be applied to real business and scientific challenges.
โ๏ธ At IBM, they expect that by the end of 2026, we will see the first confirmed cases of "quantum advantage" โ when a quantum computer can solve problems faster or more efficiently than classical systems.
๐๏ธ The company also unveiled plans to create:
๐ต Quantum Starling by 2029
๐ต Blue Jay after 2033
โ๏ธ These new systems will be capable of performing hundreds of millions and even billions of quantum operations.
๐ญ Among the practical examples, IBM highlighted:
๐ข modeling complex molecules in collaboration with Cleveland Clinic and RIKEN
๐ข a materials science problem that a quantum algorithm solved 3000 times faster than the classical approach
๐ The company is actively developing quantum infrastructure in Asia:
๐ข South Korea has already received IBM Quantum System One
๐ข In Japan, IBM has integrated the quantum system with the Fugaku supercomputer
โ According to IBM representatives, quantum computing is no longer a "technology of the future" and is gradually transitioning into a phase of practical application.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ The company believes that quantum technologies are moving beyond the labs and starting to be applied to real business and scientific challenges.
โ๏ธ At IBM, they expect that by the end of 2026, we will see the first confirmed cases of "quantum advantage" โ when a quantum computer can solve problems faster or more efficiently than classical systems.
๐๏ธ The company also unveiled plans to create:
๐ต Quantum Starling by 2029
๐ต Blue Jay after 2033
โ๏ธ These new systems will be capable of performing hundreds of millions and even billions of quantum operations.
๐ญ Among the practical examples, IBM highlighted:
๐ข modeling complex molecules in collaboration with Cleveland Clinic and RIKEN
๐ข a materials science problem that a quantum algorithm solved 3000 times faster than the classical approach
๐ The company is actively developing quantum infrastructure in Asia:
๐ข South Korea has already received IBM Quantum System One
๐ข In Japan, IBM has integrated the quantum system with the Fugaku supercomputer
โ According to IBM representatives, quantum computing is no longer a "technology of the future" and is gradually transitioning into a phase of practical application.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
Binance strengthens its dominance: open interest in BTC reaches $29 billion
๐ฅ Open interest in perpetual BTC futures has hit $29 billion โ the highest since late January. According to CryptoQuant, traders have been aggressively adding longs as Bitcoin rallies to $80,000.
๐ Binance leads the charge with an open position volume of $9 billion, which is 73% more than its closest competitors: Gate and Bybit. Over the past 30 days, Binance has recorded the largest capital influx โ over $2.5 billion.
โ๏ธ Analysts link the concentration of liquidity to tighter spreads and reduced slippage, which is particularly crucial for whales.
โ At the same time, stablecoin reserves on exchanges are rising. The USDT volume on centralized platforms has increased to $53 billion, with around $41 billion concentrated on Binance.
๐ผ Experts have also noted a surge in altcoin activity: the number of deposit transactions has reached a peak not seen since January. The largest inflow once again came to Binance.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ฅ Open interest in perpetual BTC futures has hit $29 billion โ the highest since late January. According to CryptoQuant, traders have been aggressively adding longs as Bitcoin rallies to $80,000.
๐ Binance leads the charge with an open position volume of $9 billion, which is 73% more than its closest competitors: Gate and Bybit. Over the past 30 days, Binance has recorded the largest capital influx โ over $2.5 billion.
โ๏ธ Analysts link the concentration of liquidity to tighter spreads and reduced slippage, which is particularly crucial for whales.
โ At the same time, stablecoin reserves on exchanges are rising. The USDT volume on centralized platforms has increased to $53 billion, with around $41 billion concentrated on Binance.
๐ผ Experts have also noted a surge in altcoin activity: the number of deposit transactions has reached a peak not seen since January. The largest inflow once again came to Binance.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ฏ Market changes over the last 24 hours + top-10 coins
๐ผ $2.57T (+0.32%) - Cryptocurrency market cap.
๐ต 40 (Neutral) - Fear and Greed Index.
๐ 33/100 - CMC Altseason Index.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ผ $2.57T (+0.32%) - Cryptocurrency market cap.
๐ต 40 (Neutral) - Fear and Greed Index.
๐ 33/100 - CMC Altseason Index.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ Daily News Digest
๐ต WP: Around 70 politicians in the Trump administration owned crypto assets
๐ต Goldman Sachs completely exited altcoins and reduced exposure to Ethereum in Q1
๐ต Waiting for the Fed and no spillover into 'alt': Trader outlines scenarios for Bitcoin and Ethereum movement
๐ต In the USA, Bitcoin Depot, a crypto ATM operator, declared bankruptcy due to regulatory issues
๐ต Vietnam will host the Web3 Buildersโ Summit 2026
๐ต Iran officially launched Hormuz Safe with Bitcoin payments for vessels in the Strait of Hormuz
๐ต Bitcoin dropped below $77,000
๐ต Research: Nearly half of Russian crypto users do not verify the origin of assets
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ต WP: Around 70 politicians in the Trump administration owned crypto assets
๐ต Goldman Sachs completely exited altcoins and reduced exposure to Ethereum in Q1
๐ต Waiting for the Fed and no spillover into 'alt': Trader outlines scenarios for Bitcoin and Ethereum movement
๐ต In the USA, Bitcoin Depot, a crypto ATM operator, declared bankruptcy due to regulatory issues
๐ต Vietnam will host the Web3 Buildersโ Summit 2026
๐ต Iran officially launched Hormuz Safe with Bitcoin payments for vessels in the Strait of Hormuz
๐ต Bitcoin dropped below $77,000
๐ต Research: Nearly half of Russian crypto users do not verify the origin of assets
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
Aave is continuing its recovery after the biggest DeFi hack of the year
โ๏ธ The protocol has once again allowed loans backed by wETH across six networks:
๐ตEthereum
๐ตArbitrum
๐ตBase
๐ตMantle
๐ตLinea
๐ Previously, restrictions were imposed after the Kelp attack, where hackers drained around $230 million in ETH from Aave pools through unsecured rsETH.
๐ At that time, the protocol had to urgently reset the LTV for wETH, effectively freezing the use of Ethereum as collateral.
๐ฏ Now the parameters are gradually returning to previous levels: LTV has been raised again to about 80โ84% depending on the network.
โ๏ธ According to the team, of the more than 112,000 rsETH created during the attack, nearly 107,000 coins have been recovered through liquidations and recovery mechanisms.
๐ For DeFi, this is an important signal: the market is gradually regaining liquidity and reopening access to leveraged strategies and borrowed capital
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
โ๏ธ The protocol has once again allowed loans backed by wETH across six networks:
๐ตEthereum
๐ตArbitrum
๐ตBase
๐ตMantle
๐ตLinea
๐ Previously, restrictions were imposed after the Kelp attack, where hackers drained around $230 million in ETH from Aave pools through unsecured rsETH.
๐ At that time, the protocol had to urgently reset the LTV for wETH, effectively freezing the use of Ethereum as collateral.
๐ฏ Now the parameters are gradually returning to previous levels: LTV has been raised again to about 80โ84% depending on the network.
โ๏ธ According to the team, of the more than 112,000 rsETH created during the attack, nearly 107,000 coins have been recovered through liquidations and recovery mechanisms.
๐ For DeFi, this is an important signal: the market is gradually regaining liquidity and reopening access to leveraged strategies and borrowed capital
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
Another major hack in DeFi
๐Hackers targeted the cross-chain bridge of the Verus protocol, draining assets worth approximately $11.5 million.
๐ฏ According to analysts, the attacker stole:
๐ต 103.6 tBTC
๐ต 1625 ETH
๐ต 147,000 USDC
๐ธ Post-attack, the funds were swapped for over 5400 ETH and are currently sitting in the hacker's wallet.
๐ Experts preliminarily link the hack to a vulnerability in the logic of fund withdrawals or an error in checking inter-network messages.
๐ฆ Interestingly, the fees for the attack were prepped through Tornado Cash โ funds hit the attacker's address about 14 hours before the hack.
๐ Cross-chain bridges continue to be a major target for hackers: according to DefiLlama, they account for over $3.2 billion in losses in DeFi.
๐ In light of recent attacks, the market is increasingly discussing the security issues of bridges and centralized points of failure within the DeFi infrastructure.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐Hackers targeted the cross-chain bridge of the Verus protocol, draining assets worth approximately $11.5 million.
๐ฏ According to analysts, the attacker stole:
๐ต 103.6 tBTC
๐ต 1625 ETH
๐ต 147,000 USDC
๐ธ Post-attack, the funds were swapped for over 5400 ETH and are currently sitting in the hacker's wallet.
๐ Experts preliminarily link the hack to a vulnerability in the logic of fund withdrawals or an error in checking inter-network messages.
๐ฆ Interestingly, the fees for the attack were prepped through Tornado Cash โ funds hit the attacker's address about 14 hours before the hack.
๐ Cross-chain bridges continue to be a major target for hackers: according to DefiLlama, they account for over $3.2 billion in losses in DeFi.
๐ In light of recent attacks, the market is increasingly discussing the security issues of bridges and centralized points of failure within the DeFi infrastructure.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ฏ Market changes over the last 24 hours + top 10 coins
๐ฝ $2.56T (-1.72%) - Total market cap of cryptocurrencies.
๐ต 39 (Neutral) - Fear and greed index.
๐ 31/100 - Altseason index CMC.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ฝ $2.56T (-1.72%) - Total market cap of cryptocurrencies.
๐ต 39 (Neutral) - Fear and greed index.
๐ 31/100 - Altseason index CMC.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ Key Economic Events This Week
โ๏ธ Time Zone GMT +3
๐๏ธ Wednesday
๐ต 17:30 โ US Crude Oil Inventories
๐ต 21:00 โ FOMC Minutes Release
๐๏ธ Thursday
๐ต 15:30 โ Philadelphia Fed Manufacturing Index (May)
๐ต 15:30 โ Initial Jobless Claims
๐ต 16:45 โ US Manufacturing PMI (May)
๐ต 16:45 โ US Services PMI (May)
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
โ๏ธ Time Zone GMT +3
๐๏ธ Wednesday
๐ต 17:30 โ US Crude Oil Inventories
๐ต 21:00 โ FOMC Minutes Release
๐๏ธ Thursday
๐ต 15:30 โ Philadelphia Fed Manufacturing Index (May)
๐ต 15:30 โ Initial Jobless Claims
๐ต 16:45 โ US Manufacturing PMI (May)
๐ต 16:45 โ US Services PMI (May)
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ฅ New video on my YouTube channel
๐ How to get into TRADING when your account balance is $0.00?
๐ซถ Thanks for the likes and comments
๐ https://youtu.be/pwORs7aFQUg
๐ How to get into TRADING when your account balance is $0.00?
๐ซถ Thanks for the likes and comments
๐ https://youtu.be/pwORs7aFQUg
๐ Daily News Digest
๐ต Betting on AI: Dune has cut a quarter of its staff
๐ต The CLARITY Act has passed a key vote in the Senate
๐ต CertiK claims hackers have the upper hand thanks to AI after a wave of DeFi hacks
๐ต Bloomberg: OpenAI is gearing up to take action against Apple over ChatGPT and Siri
๐ต Hana Bank has acquired a stake in Upbit's operator for $670 million
๐ต Trump invested in Coinbase, MARA, and Strategy in Q1
๐ต Gemini exchange's stocks skyrocketed after their Q1 report
๐ต The banking committee approved the CLARITY Act. Next stop โ the Senate
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ต Betting on AI: Dune has cut a quarter of its staff
๐ต The CLARITY Act has passed a key vote in the Senate
๐ต CertiK claims hackers have the upper hand thanks to AI after a wave of DeFi hacks
๐ต Bloomberg: OpenAI is gearing up to take action against Apple over ChatGPT and Siri
๐ต Hana Bank has acquired a stake in Upbit's operator for $670 million
๐ต Trump invested in Coinbase, MARA, and Strategy in Q1
๐ต Gemini exchange's stocks skyrocketed after their Q1 report
๐ต The banking committee approved the CLARITY Act. Next stop โ the Senate
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
THORChain is back in the spotlight due to a major hack
๐ฅ According to analysts, the attackers siphoned off over $10 million in BTC and assets from Ethereum, BNB Chain, and Base protocols.
๐ Among the stolen assets:
๐ข 36.75 BTC (~$3 million)
๐ข millions of dollars in ETH and BNB Chain assets
๐ข funds were spread across multiple addresses
๐ฏ After the news broke, the RUNE token plummeted by about 12%.
๐ The THORChain team has not officially confirmed the attack yet, but some network functions have already been temporarily disabled for investigation.
๐๏ธ Interestingly, THORChain has been under scrutiny for a while due to its protocol being used for laundering funds after major hacks.
Previously, assets that flowed through the platform included:
๐ข from the Kelp hack
๐ข attacks by North Korean groups
๐ข other major DeFi incidents
๐ This situation raises questions again about the security of cross-chain protocols and the risks associated with the anonymous movement of liquidity between networks.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ฅ According to analysts, the attackers siphoned off over $10 million in BTC and assets from Ethereum, BNB Chain, and Base protocols.
๐ Among the stolen assets:
๐ข 36.75 BTC (~$3 million)
๐ข millions of dollars in ETH and BNB Chain assets
๐ข funds were spread across multiple addresses
๐ฏ After the news broke, the RUNE token plummeted by about 12%.
๐ The THORChain team has not officially confirmed the attack yet, but some network functions have already been temporarily disabled for investigation.
๐๏ธ Interestingly, THORChain has been under scrutiny for a while due to its protocol being used for laundering funds after major hacks.
Previously, assets that flowed through the platform included:
๐ข from the Kelp hack
๐ข attacks by North Korean groups
๐ข other major DeFi incidents
๐ This situation raises questions again about the security of cross-chain protocols and the risks associated with the anonymous movement of liquidity between networks.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
JPMorgan expects Ethereum to lag further behind Bitcoin
โ๏ธ The bank's analysts believe that even after the crypto market's recovery, BTC continues to look significantly stronger than ETH and most altcoins.
๐ Key reasons:
๐ต Capital is flowing back into Bitcoin ETFs faster than into Ethereum funds
๐ต Open interest in BTC futures on CME has already returned to highs
๐ต Institutions are still betting on Bitcoin
๐ JPMorgan also doubts that future Ethereum upgrades will quickly change the situation.
โก According to analysts, over the past few years:
๐ต DeFi activity has slowed down
๐ต Liquidity in altcoins has decreased
๐ต Ongoing hacks have undermined investor trust
๐น Additional pressure comes from the development of L2 networks: fees within Ethereum are decreasing, which reduces the volume of ETH burning.
๐ The bank believes that without a new powerful growth in DeFi and mass demand for real blockchain applications, Ethereum will continue to lag behind BTC in dynamics.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
โ๏ธ The bank's analysts believe that even after the crypto market's recovery, BTC continues to look significantly stronger than ETH and most altcoins.
๐ Key reasons:
๐ต Capital is flowing back into Bitcoin ETFs faster than into Ethereum funds
๐ต Open interest in BTC futures on CME has already returned to highs
๐ต Institutions are still betting on Bitcoin
๐ JPMorgan also doubts that future Ethereum upgrades will quickly change the situation.
โก According to analysts, over the past few years:
๐ต DeFi activity has slowed down
๐ต Liquidity in altcoins has decreased
๐ต Ongoing hacks have undermined investor trust
๐น Additional pressure comes from the development of L2 networks: fees within Ethereum are decreasing, which reduces the volume of ETH burning.
๐ The bank believes that without a new powerful growth in DeFi and mass demand for real blockchain applications, Ethereum will continue to lag behind BTC in dynamics.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ฏ Market changes over the last 24 hours + top-10 coins
๐ผ $2.68 trillion (+0.6%) - Cryptocurrency market capitalization.
๐ต 49 (Neutral) - Fear and Greed Index.
๐ 39/100 - CMC Altseason Index.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ผ $2.68 trillion (+0.6%) - Cryptocurrency market capitalization.
๐ต 49 (Neutral) - Fear and Greed Index.
๐ 39/100 - CMC Altseason Index.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ Daily News Digest
๐ต Bitcoin has crashed below the $80,000 level amidst rising inflation in the US
๐ต COO of BlackRock: Binance will play a crucial role in market tokenization
๐ต Big Tech developers have complained about skill degradation due to AI
๐ต The Bank of England will review restrictions on stablecoins
๐ต Tokenized funds from Fidelity and BlackRock received the highest rating from Moodyโs
๐ต Reports: The US approved the sale of Nvidia H200 to 10 companies in China
๐ต A British official is under investigation for a ยฃ5 million gift from a crypto billionaire
๐ต Metaplanet reported a loss of $725 million in Q1 โ 20 times more than last year
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ต Bitcoin has crashed below the $80,000 level amidst rising inflation in the US
๐ต COO of BlackRock: Binance will play a crucial role in market tokenization
๐ต Big Tech developers have complained about skill degradation due to AI
๐ต The Bank of England will review restrictions on stablecoins
๐ต Tokenized funds from Fidelity and BlackRock received the highest rating from Moodyโs
๐ต Reports: The US approved the sale of Nvidia H200 to 10 companies in China
๐ต A British official is under investigation for a ยฃ5 million gift from a crypto billionaire
๐ต Metaplanet reported a loss of $725 million in Q1 โ 20 times more than last year
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
Bitcoin bull Kevin Warsh has officially taken the helm at the US Federal Reserve
๐ The Senate confirmed his nomination by a majority vote โ Warsh has replaced Jerome Powell as the chair of the Federal Reserve System.
โ๏ธ Whatโs important for the crypto market:
๐ข Warsh has previously referred to BTC as an "essential asset" for assessing the state of the economy
๐ข Invested in dYdX, Polychain, Dapper Labs, and other crypto projects
๐ข Holds tokens of Solana and Optimism
๐ข Considered one of the most "crypto-friendly" candidates in recent years
๐ For the first time, the market gets a head of the Fed who not only understands crypto but has directly interacted with the industry as an investor.
๐ In light of this news, market participants are closely watching the Fed's future policies and interest rates โ liquidity remains one of the main drivers for BTC and the entire crypto market right now.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
๐ The Senate confirmed his nomination by a majority vote โ Warsh has replaced Jerome Powell as the chair of the Federal Reserve System.
โ๏ธ Whatโs important for the crypto market:
๐ข Warsh has previously referred to BTC as an "essential asset" for assessing the state of the economy
๐ข Invested in dYdX, Polychain, Dapper Labs, and other crypto projects
๐ข Holds tokens of Solana and Optimism
๐ข Considered one of the most "crypto-friendly" candidates in recent years
๐ For the first time, the market gets a head of the Fed who not only understands crypto but has directly interacted with the industry as an investor.
๐ In light of this news, market participants are closely watching the Fed's future policies and interest rates โ liquidity remains one of the main drivers for BTC and the entire crypto market right now.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ฑ TikTok
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