The removal of wBTC has caused a stir in the cryptocurrency community!
According to CoinDesk's authoritative report, Coinbase (COIN.O) suddenly announced that it would officially remove wBTC due to the "unacceptable risk" brought by Sun Yuchen! This news instantly detonated the entire network, triggering countless speculations and heated discussions! Last week, BiT Global, the issuer of wBTC, launched a large-scale lawsuit, pointing the finger at Coinbase, accusing it of favoring its competitor cbBTC. This lawsuit is like a bombshell, shaking the entire cryptocurrency community!
However, Coinbase did not sit idly by. In a 25-page official response, Coinbase finally revealed the real reason for removing wBTC - Sun Yuchen! This crypto billionaire, the founder of the Tron blockchain, has become the center of this storm!
According to Coinbase documents, the connection between Justin Sun and wBTC stems from a partnership announced in August this year.
Given Justin Sun’s “involvement”, Coinbase bluntly stated that, like many other companies in the industry, it has serious doubts about whether BiT can be a reliable manager! This decision is undoubtedly a heavy blow to wBTC and the team behind it!
With the exposure of this news, the changes in the cryptocurrency market will become more confusing. The subsequent impact of Coinbase’s delisting of wBTC and how Justin Sun will deal with this crisis will become the focus of our attention!
Follow me and share the latest high-quality market information for you every day, so that you can make a fortune without getting lost!
According to the latest monitoring, a heartbreaking trading incident has shocked the market!
A trader suffered heavy losses in just three minutes due to trading $rich! Initially, this trader was attracted by the drop in the price of $rich, believing an opportunity had arisen, and decisively spent 198 SOL to buy in. However, fate played a trick, and the price plummeted 60% immediately after the purchase! In a panic, he chose to sell everything at the price of 76 SOL, resulting in an instantaneous loss of 122 SOL!
But the tragedy did not end there! When $rich began to rebound, this trader was once again swayed by FOMO (Fear Of Missing Out) and reinvested 297 SOL. However, history repeated itself, and the price plummeted 60% again! In despair and panic, he sold at 93.5 SOL, incurring another loss of 203.5 SOL!
In this short span of three minutes, he lost a total of 325.8 SOL, worth approximately $73,900! Ironically, $rich actually soared 30 minutes later!
If he had been able to hold on to his position, he might have turned his losses into profits, but reality is so cruel!
Therefore, trading requires caution; do not be misled by temporary fluctuations. Staying calm and analyzing rationally is the only way to last!
Follow me for daily updates on the latest quality market information to help you make money without getting lost!
After receiving an airdrop of 116.7 million $PENGU !
Invested another 5,250 SOL to increase holdings!
According to Lookonchain monitoring, a lucky whale received an airdrop of 116.7 million PENGU (worth up to 3.52 million USD) and did not rush to cash out, but instead chose to double down!
Today, the whale acted again, spending a total of 5,250 SOL to purchase an additional 34.42 million PENGU, demonstrating strong confidence in the PENGU project!
Currently, the total holdings amount to 151.12 million PENGU, with a market value exceeding 5 million USD.
As of now, this whale holds a total of 151.12 million PENGU, and the total market value has climbed to 5.08 million USD! In such a short time, through airdrops and increased holdings, this whale has become a major player in the PENGU project!
Market participants are speculating on how this whale's next move will affect the trend of PENGU. Let's keep an eye on it!
Follow me for daily updates on the latest quality market information to help you make profitable decisions!
According to the latest data monitoring, since BTC broke the $100,000 mark on December 5, Mt.Gox has been transferring money to B2C2 Group every business day like clockwork!
According to Lookonchain monitoring, Mt.Gox has cumulatively transferred 3631.87 BTC to B2C2 Group, which is equivalent to $364 million!
From the data, it appears that Mt.Gox transfers BTC to B2C2 Group regularly every business day, with amounts ranging from 200 to 300 BTC.
This continuous and regular transfer may indicate that this is a pre-planned market strategy, rather than a spontaneous movement of funds. Considering that BTC broke the $100,000 mark on December 5, this strategy may be related to market trends, price fluctuations, or trading strategies.
This also reminds us that in the cryptocurrency market, changes in fund flow and trading strategies often contain important market signals and opportunities.
Follow me for daily updates on the latest quality market information, ensuring you make money without getting lost!
On-chain data has recently detected that a mysterious whale transferred 4 million CRV (worth 3.81 million USD) to Binance 3 hours ago, staging a spectacular profit-taking performance!
• This whale previously withdrew CRV from Binance at an average price of $0.48.
• As the price of CRV surged, today it skyrocketed by 13%, and he decisively chose to transfer CRV back to Binance, successfully locking in a 97% profit, which is 1.88 million USD!
• This operation by the whale has undoubtedly triggered heightened market attention once again.
• Does his precise planning and decisive profit-taking signal a new trend in the market?
Follow me for daily updates on the latest quality market information, ensuring you make money without getting lost!
According to the latest news from the on-chain analyst, ETH/BTC exchange rate bull James Fickel has made another move, and staged a shocking reduction drama 2 hours ago!
💰6500 ETH for 235.6 WBTC
• James Fickel sold 6500 ETH, worth up to 22.24 million US dollars, and quickly converted it into 235.6 WBTC to repay the loan and reduce the position.
📈The legendary road from peak to reduction
• At the end of May, James Fickel's ETH/BTC long position reached its peak, lending 2987 WBTC (worth 204.7 million US dollars) and buying ETH at an average exchange rate of 0.054.
• However, the ETH/BTC exchange rate subsequently fell all the way, and James Fickel began to redeem ETH in batches from August and exchanged it for WBTC to repay the loan.
• In four and a half months, he has sold 59,500 ETH in exchange for 2,398.2 WBTC, with an average selling rate of 0.04.
• Currently, James Fickel's ETH/BTC long position still has 575.3 WBTC loans that have not been repaid.
The market is changing, and the movements of the big guys are worth paying attention to!
Follow me and share the latest high-quality market information with you every day, so that you can make a fortune without getting lost!
On social media platform X, Musk bluntly stated that the Federal Reserve, which safeguards the world's largest economy, has an "extremely bloated staff."
This statement stems from discussions about the Federal Reserve's latest policy decisions.
Coincidentally, former President Trump also took aim at the Federal Reserve, emphasizing that he should have a say in monetary policy and interest rate setting.
Now, billionaire Musk will take up the banner of improving government efficiency in the U.S. next January, and the Federal Reserve has already become his "prey."
What kind of storm will Musk's "declaration of war" bring to the Federal Reserve? Let's wait and see.
Follow me for daily updates on the latest quality market information, guiding you to wealth without getting lost!
Nexo deposited a huge amount of $ETH to Binance an hour ago!
According to monitoring data, just an hour ago, Nexo made another big move,
depositing 7495 ETH to Binance, worth about 25 million USD.
So far, Nexo has accumulated a total deposit of 101,756 ETH to Binance, with a total value of about 380 million USD, and the average price of the deposited ETH is 3737 USD.
What does such a large-scale capital transfer mean?
Is it a strategic layout, or is there something else going on? Let's keep an eye on it!
Follow me for daily updates on the latest high-quality market information, so you can make money without getting lost!
As Christmas approaches, major exchanges in Europe and America will be closed on Wednesday, and the outflow of cryptocurrency funds has become the norm. Now, as ETFs serve as a key external funding source for the cryptocurrency market, the pressure from their outflow far exceeds the past, and market risk aversion is shrouded like a haze.
This week's major events are lined up:
On Monday, MicroStrategy is expected to join the Nasdaq 100 index;
On Tuesday, the Bank of Canada and the Reserve Bank of Australia will successively announce the minutes from their December monetary policy meetings;
On Thursday, the number of initial jobless claims in the U.S. for the week will be revealed;
On Friday, the Bank of Japan will also publish summaries of opinions from relevant meeting deliberation members.
In terms of market outlook, Bitcoin has fallen below $100,000, and Ethereum has also dropped below $3,300. Given that this round of the bull market has not experienced a significant correction, combined with tight funds during the Christmas holiday, there is a high likelihood that the market will initiate a deleveraging wave before Trump takes office, and risk aversion will continue to rise.
In the options market, nearly $12 billion in options are set to expire, accounting for over 40% of the total open interest, with large traders and market makers busy adjusting their positions. Volatility during this week's Christmas period may be limited, with market focus shifting more towards the market trends before and after Trump takes office at the end of January. In the cryptocurrency interest rate market, the Bitfinex interest rate market has recently remained relatively stable, temporarily holding a calm amidst the undercurrents.
Follow me for daily updates on the latest quality market information, so you can get rich without losing your way!
A wave of token unlocks is coming for IMX, DBX, and others!
On December 23, news from Token Unlocks revealed key dynamics in the crypto market this week, with significant unlocks for tokens such as IMX and DBX, potentially reshaping the market landscape.
- On December 25 at 3 PM (Beijing time), Ethena (ENA) will unlock approximately 12.86 million tokens, accounting for 0.44% of the current circulation, valued at about 13.22 million USD, marking the start of the unlocks.
- On December 26 at 8 AM, Cardano (ADA) will unlock approximately 18.53 million tokens, though it only accounts for 0.05% of the circulation, its value reaches 16.30 million USD, and its market impact cannot be underestimated.
- On December 27 at 8 AM, Immutable (IMX) will unlock approximately 24.52 million tokens, accounting for 1.45% of the circulation, valued at about 32.12 million USD, drawing significant market attention due to the large unlock.
- On December 30 at 8 AM, Beldex (DBX) will see a massive unlock of approximately 330 million tokens, accounting for 4.78% of the circulation, valued at about 25.46 million USD.
What kind of impact will this have on its price trends and market ecology? Investors and practitioners are eagerly watching and closely monitoring the fluctuations in the crypto market this week.
Follow me for daily updates on the latest high-quality market information to help you get rich without getting lost!
Fluctuating prices, Christmas effect draws attention!
As December progresses, Bitcoin's market direction has become the focus of the crypto market. According to Coinglass data, in the past 11 'December' journeys, Bitcoin has closed down 6 times and closed up 5 times. Notably, December 2020 had an impressive monthly increase of 46.92%, while December 2013 experienced a significant drop of 34.81%.
It is particularly worth mentioning that if Bitcoin closes up in September, it has historically been able to achieve consecutive gains at the end of the year (October, November, December). This year's September saw a 7.35% increase, marking the best performance for September and laying the groundwork for subsequent trends.
Additionally, influenced by asset management companies' annual fund allocation habits, in the past 5 years, Bitcoin has started a bull market journey after Christmas in 4 out of 5 years, with only 2021 starting a decline after Christmas (the last bull peak).
Bitcoin's historical trajectory and potential patterns in December are painting a suspenseful and exciting market picture for investors and crypto enthusiasts.
Follow me for daily updates on the latest quality market information, guiding you to wealth without losing your way!
In the tumultuous world of cryptocurrency, every move made by CZ attracts attention. Recently, Binance co-founder CZ's post on the X platform triggered a chain reaction.
After he retweeted a media report about the UAE holding $40 billion worth of Bitcoin, community users dubbed him the 'Designer of the UAE Crypto Market'.
In response, CZ personally acknowledged that he has indeed 'invested quite a lot' in the UAE. Recalling his visit to Dubai in early 2021, he noted that there were only a few cryptocurrency companies, but within just a few months, hundreds sprang up like mushrooms after rain, and now the number has grown to thousands.
Although CZ expressed surprise at the UAE's ability to hold such a massive amount of BTC and is unsure of how much credit he deserves, it is undeniable that he has left a profound mark on the rise of the UAE crypto market.
Follow me for daily updates on the latest high-quality market information to ensure you get rich without getting lost!
$259 million liquidated across the network in 24 hours!
Long positions hit hard!
According to Coinglass data, the past day has revealed dramatic fluctuations in the cryptocurrency market.
The total liquidation amount reached $259 million, with long positions significantly affected, amounting to $183 million, and short positions liquidated at $75.8898 million.
Both BTC and ETH, the two major cryptocurrencies, were not spared, with BTC liquidations at $52.1014 million and ETH liquidations at $46.6118 million. What exactly has happened in the market? Why have long positions become the hardest hit?
Cryptocurrency investors are on high alert, closely monitoring market dynamics, trying to find new directions and opportunities amidst the turbulence.
Follow me for daily updates on the latest quality market news to help you make profits without getting lost!
Arthur Hayes has made a big move in the past two days!
Unstaked 9 million coins $ENA !
Deposited into two major exchanges!
The cryptocurrency world is once again in turmoil as the well-known figure Arthur Hayes has been making significant moves recently!
According to the latest monitoring, Arthur Hayes unstaked at an average price of $1.173 in the past two days and deposited as much as 9 million ENA into the two major exchanges, Binance and Bybit, with a total value of approximately $10.6 million!
However, he still holds 7.94 million ENA (worth about $8.1 million) that are still staked, indicating that his cryptocurrency strategy has not been fully revealed!
This major action has drawn widespread attention in the market. What exactly are Arthur Hayes's plans? Let's keep an eye on it!
Follow me for daily updates on the latest quality market information, ensuring you make money without getting lost!