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đČ#ArthurHayes Lost Around $47,000 Due to the Drop in Meme Token PricesđČ
Former #BITMEX CEO Arthur Hayes, who recently expressed optimism about the potential of meme coins, has incurred an unrealized loss of $47,000 after trading two #tokens .
On September 27, he invested $503,000 to purchase 24.39 billion $PEPE ($230,000) and 167.5 billion MOG ($223,000). Since then, the combined value of these #Memecoinsđ€đ€ in his account has dropped to $460,000. As a result, if he were to sell the tokens now, his loss would amount to $47,000.
#BinanceLaunchpoolHMSTR
Former #BITMEX CEO Arthur Hayes, who recently expressed optimism about the potential of meme coins, has incurred an unrealized loss of $47,000 after trading two #tokens .
On September 27, he invested $503,000 to purchase 24.39 billion $PEPE ($230,000) and 167.5 billion MOG ($223,000). Since then, the combined value of these #Memecoinsđ€đ€ in his account has dropped to $460,000. As a result, if he were to sell the tokens now, his loss would amount to $47,000.
#BinanceLaunchpoolHMSTR
LIVE
Onchain Research - TheDatafi
--
Bullish
Do you guys expect $PENDLE growth higher? đ
On-chain check from iCrypto.ai shows, the Gnosis Safe Proxy wallet of @Pendle has just activated again:
- 2hrs ago, 100K PENDLE ~ $536K was deposited to Binance
- Apr 3, 1M PENDLE ~ $5.04M was deposited to Binance
- Jan 15, 1.3M PENDLE ~ $2.2M was deposited to Binance
- Jan 3, 1M PENDLE ~ $1.28M was deposited to Binance
This is the multi-sig wallet of the PENDLE project (Received 23M PENDLE 8 months ago), however, every time this wallet becomes active, we see the price of PENDLE increase again.
What do you think about this case?
#DataFi
#iCryptoâ€ïž #PENDLEđ„đ„ #RWA! #DeFi
On-chain check from iCrypto.ai shows, the Gnosis Safe Proxy wallet of @Pendle has just activated again:
- 2hrs ago, 100K PENDLE ~ $536K was deposited to Binance
- Apr 3, 1M PENDLE ~ $5.04M was deposited to Binance
- Jan 15, 1.3M PENDLE ~ $2.2M was deposited to Binance
- Jan 3, 1M PENDLE ~ $1.28M was deposited to Binance
This is the multi-sig wallet of the PENDLE project (Received 23M PENDLE 8 months ago), however, every time this wallet becomes active, we see the price of PENDLE increase again.
What do you think about this case?
#DataFi
#iCryptoâ€ïž #PENDLEđ„đ„ #RWA! #DeFi
đ„TOP CRYPTO NEWS RECAP (Jul. 7-13, 2024)
â      Germany Sells Off $2.9B in Bitcoin, Causes Market Dip.
â      Spot Bitcoin ETFs Experience Major Inflow Surge
â      VanEck and 21Shares Amend Ether ETF Filings with SEC
â      SEC Ends Investigation into Hiro Systems
â      BitMEX Pleads Guilty to Bank Secrecy Act Violation
â      US Republicans Endorse Crypto in Party Platform
Read more here
#MelegaSwap #melegamarco #melega #BTCâ #BITMEX
â      Germany Sells Off $2.9B in Bitcoin, Causes Market Dip.
â      Spot Bitcoin ETFs Experience Major Inflow Surge
â      VanEck and 21Shares Amend Ether ETF Filings with SEC
â      SEC Ends Investigation into Hiro Systems
â      BitMEX Pleads Guilty to Bank Secrecy Act Violation
â      US Republicans Endorse Crypto in Party Platform
Read more here
#MelegaSwap #melegamarco #melega #BTCâ #BITMEX
đđđ Are PoS networks really more expensive to attack than PoW?
The Cost Dynamics of Attacking PoS vs. PoW Networks: Insights from #BITMEX
Renting vs. Buying: Cost Dynamics
Attacking a PoW Network
- Controlling 51% of Bitcoinâs mining power costs about $2 billion annually, considering minersâ annual earnings of $10 billion and a 20% premium to entice them.
Attacking a PoS Network
- Controlling enough staked Ethereum costs around $1.2 billion annually, given #stakers ' earnings of $3 billion and needing only a third of the total stake to disrupt the network.
Comparative Perspective
- BitMEX notes that the cost to attack PoS and PoW networks is comparable when normalized for market capitalizations, challenging the belief that PoS is inherently harder to attack.
Permanent Threats: Buying and Building
PoW Networks
- Permanent attacks require buying and maintaining 51% of mining hardware, involving continuous billion-dollar expenditures over years.
PoS Networks
- Acquiring a third of staked Ethereum might cost around $100 billion, potentially triggering a market surge and making the attack counterproductive. It involves a significant one-time investment rather than ongoing expenses.
Confiscation Risks and Real-World Anchors
PoW Systems
- Mining hardware is vulnerable to physical confiscation.
PoS Systems
- Stakes can be moved across borders easily, reducing confiscation risks, as moving a private key is undetectable.
Vulnerabilities in Both Systems
- Both PoW and PoS have vulnerabilities: PoS networks could be destroyed by controlling significant stakes, while PoW networks might recover as mining hardware degrades.
Conclusion
BitMEX concludes that while PoS lacks a real-world anchor, making it potentially more susceptible to certain attacks, both PoW and PoS require strategic considerations for long-term security and stability.
Source - cryptopolitan.com
#CryptoTrends2024 #BinanceSquareTrends
The Cost Dynamics of Attacking PoS vs. PoW Networks: Insights from #BITMEX
Renting vs. Buying: Cost Dynamics
Attacking a PoW Network
- Controlling 51% of Bitcoinâs mining power costs about $2 billion annually, considering minersâ annual earnings of $10 billion and a 20% premium to entice them.
Attacking a PoS Network
- Controlling enough staked Ethereum costs around $1.2 billion annually, given #stakers ' earnings of $3 billion and needing only a third of the total stake to disrupt the network.
Comparative Perspective
- BitMEX notes that the cost to attack PoS and PoW networks is comparable when normalized for market capitalizations, challenging the belief that PoS is inherently harder to attack.
Permanent Threats: Buying and Building
PoW Networks
- Permanent attacks require buying and maintaining 51% of mining hardware, involving continuous billion-dollar expenditures over years.
PoS Networks
- Acquiring a third of staked Ethereum might cost around $100 billion, potentially triggering a market surge and making the attack counterproductive. It involves a significant one-time investment rather than ongoing expenses.
Confiscation Risks and Real-World Anchors
PoW Systems
- Mining hardware is vulnerable to physical confiscation.
PoS Systems
- Stakes can be moved across borders easily, reducing confiscation risks, as moving a private key is undetectable.
Vulnerabilities in Both Systems
- Both PoW and PoS have vulnerabilities: PoS networks could be destroyed by controlling significant stakes, while PoW networks might recover as mining hardware degrades.
Conclusion
BitMEX concludes that while PoS lacks a real-world anchor, making it potentially more susceptible to certain attacks, both PoW and PoS require strategic considerations for long-term security and stability.
Source - cryptopolitan.com
#CryptoTrends2024 #BinanceSquareTrends
BitMEX Adds XRP for Spot Trading Ahead of Ripple vs. SEC Lawsuit Deadline
A well-known cryptocurrency exchange, BitMEX, has added XRP for spot trading to its list of trading options. Through the March 20th, 04:00 UTC launch of the XRP/USDT trading pair, users can now deposit, trade, and withdraw XRP directly on the exchange.
So, the purpose of this new innovation is to improve the trading experience for BitMEX users by offering smooth transactions and navigation on desktop and mobile devices. Additionally, the site allows traders to convert XRP into over 30 different cryptocurrencies.
Ripple vs. SEC: A Legal Showdown Looms
Coinciding with Ripple Labs continuing legal battle with the U.S. Securities and Exchange Commission (SEC), is the timing of XRPâs debut on BitMEX. On March 22, a pivotal day in the litigation, the SEC is scheduled to make a substantial opening statement about the remedies.
The lawsuit, which has captured the attention of the cryptocurrency community, concerns whether U.S. regulations classify transactions made through Rippleâs On-Demand Liquidity (ODL) service as securities.
As the court case moves further, Ripple is getting ready to submit its counter-rebuttal on April 22, and the SEC will respond by May 6, as ETHNews had earlier detailed
Following the filing of the complaint and the SECâs discovery, this phase is crucial for summarizing the upcoming legal strategies and supporting materials, particularly those pertaining to Rippleâs institutional sales agreements. To explore more details about this development, you can watch the following YouTube video:
Market Watch: Captain Faibik Predicts Price Breakout
With a tweet indicating a big price shift for XRP, cryptocurrency researcher Captain Faibik sparked speculation among these legal and operational changes.
On XRPâs weekly chart, Captain Faibik drew attention to a Symmetrical Triangle pattern that was developing. This pattern is frequently linked to trend continuation.
Investors and traders are closely observing this development in the hopes that the anticipated breakthrough will result in substantial market gains and that the analystâs suggested $2.50 mid-term target will be reached.
Meanwhile, the XRP price appeared to try to recover in the last 24 hours, rising 0.56% to $0.5952. This reflects a slump of more than 12% in the past week. XRP is currently the 6th largest cryptocurrency by market cap.
â ïžDisclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BITMEX #RippleXRP
So, the purpose of this new innovation is to improve the trading experience for BitMEX users by offering smooth transactions and navigation on desktop and mobile devices. Additionally, the site allows traders to convert XRP into over 30 different cryptocurrencies.
Ripple vs. SEC: A Legal Showdown Looms
Coinciding with Ripple Labs continuing legal battle with the U.S. Securities and Exchange Commission (SEC), is the timing of XRPâs debut on BitMEX. On March 22, a pivotal day in the litigation, the SEC is scheduled to make a substantial opening statement about the remedies.
The lawsuit, which has captured the attention of the cryptocurrency community, concerns whether U.S. regulations classify transactions made through Rippleâs On-Demand Liquidity (ODL) service as securities.
As the court case moves further, Ripple is getting ready to submit its counter-rebuttal on April 22, and the SEC will respond by May 6, as ETHNews had earlier detailed
Following the filing of the complaint and the SECâs discovery, this phase is crucial for summarizing the upcoming legal strategies and supporting materials, particularly those pertaining to Rippleâs institutional sales agreements. To explore more details about this development, you can watch the following YouTube video:
Market Watch: Captain Faibik Predicts Price Breakout
With a tweet indicating a big price shift for XRP, cryptocurrency researcher Captain Faibik sparked speculation among these legal and operational changes.
On XRPâs weekly chart, Captain Faibik drew attention to a Symmetrical Triangle pattern that was developing. This pattern is frequently linked to trend continuation.
Investors and traders are closely observing this development in the hopes that the anticipated breakthrough will result in substantial market gains and that the analystâs suggested $2.50 mid-term target will be reached.
Meanwhile, the XRP price appeared to try to recover in the last 24 hours, rising 0.56% to $0.5952. This reflects a slump of more than 12% in the past week. XRP is currently the 6th largest cryptocurrency by market cap.
â ïžDisclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BITMEX #RippleXRP
BREAKING: A seller on the BitMEX Bitcoin spot market has quickly sold over 400 BTC, causing the price to drop as low as $8,900
#HotTrends #BTC #Bitcoin(BTC) #CryptoNewsđđ„ $BTC #BITMEX
#HotTrends #BTC #Bitcoin(BTC) #CryptoNewsđđ„ $BTC #BITMEX
đšFurther insights on the issue!đš
BitMEX launches an investigation into an aggressive Bitcoin sell-off! đ
- BitMEX's BTC-USDT spot market witnesses a sudden Bitcoin drop to $8,900. đ„
- Over 400 $BTC (not 850 as previously stated) sold within 2 hours, potentially resulting in losses exceeding $4 million. đ±
- BitMEX scrutinized it as "unusual activity" and "potential misconduct" by traders. đ”ïžââïž
- No discernible impact observed on derivatives markets, mark prices, or liquidations. đ
- Bitcoin's price decline coincides with a broader downturn in the crypto market. đ
What factors do you believe triggered this significant sell-off? Share your insights in the comments below! đ
#HotTrends #CryptoNewsđđ„ #BITMEX
BitMEX launches an investigation into an aggressive Bitcoin sell-off! đ
- BitMEX's BTC-USDT spot market witnesses a sudden Bitcoin drop to $8,900. đ„
- Over 400 $BTC (not 850 as previously stated) sold within 2 hours, potentially resulting in losses exceeding $4 million. đ±
- BitMEX scrutinized it as "unusual activity" and "potential misconduct" by traders. đ”ïžââïž
- No discernible impact observed on derivatives markets, mark prices, or liquidations. đ
- Bitcoin's price decline coincides with a broader downturn in the crypto market. đ
What factors do you believe triggered this significant sell-off? Share your insights in the comments below! đ
#HotTrends #CryptoNewsđđ„ #BITMEX
LIVEAlbert Minja
--
đš Bitcoin experienced a dramatic rollercoaster ride on BitMEX, plummeting to $8,900 late Monday! đ± However, there's no need to panic as it swiftly bounced back to $67,000 within minutes, while other exchanges remained stable above $60,000. đ
Reports suggest that a significant whale unloaded over 850 $BTC ($55.49M), potentially triggering the flash crash. BitMEX has initiated an investigation into these sizable sell orders. đ
Who else noticed this? What do you believe prompted this abrupt decline? đ€ Feel free to share your insights below! đ
#cryptocurrency #BitMEX #flashcrash
Reports suggest that a significant whale unloaded over 850 $BTC ($55.49M), potentially triggering the flash crash. BitMEX has initiated an investigation into these sizable sell orders. đ
Who else noticed this? What do you believe prompted this abrupt decline? đ€ Feel free to share your insights below! đ
#cryptocurrency #BitMEX #flashcrash
#Graysacle Bitcoin trust (GBTC) Witnesses Slowing Withdrawal Volumes:
Over the past few days, Grayscaleâs Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While itâs essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTCâs withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC
Over the past few days, Grayscaleâs Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While itâs essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTCâs withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC
Arthur Hayes, former BitMEX CEO, has made bullish predictions for Bitcoin (BTC) and Ethereum (ETH), suggesting BTC could reach $1 million and ETH $100,000, influenced by ancestral guidance from Rapa Nui.
He's tied BTC's rise to the US Federal Reserve's decisions and anticipates a financial crisis. Hayes introduced "The Doom Loop" concept to trigger the next crypto bull market.
Veteran crypto trader Peter Brandt predicts BTC reaching $43,200 this year and expects growth after the April 2024 halving. These forecasts provide diverse perspectives on the future of BTC and ETH, reflecting the ongoing debate and uncertainty in the crypto market.
#ArthurHayes #BITMEX #RapaNui
He's tied BTC's rise to the US Federal Reserve's decisions and anticipates a financial crisis. Hayes introduced "The Doom Loop" concept to trigger the next crypto bull market.
Veteran crypto trader Peter Brandt predicts BTC reaching $43,200 this year and expects growth after the April 2024 halving. These forecasts provide diverse perspectives on the future of BTC and ETH, reflecting the ongoing debate and uncertainty in the crypto market.
#ArthurHayes #BITMEX #RapaNui
BitMEX Co-Founder Foresees Bitcoin Surge Amidst Growing Dollar Liquidity: Insights
Arthur Hayes, the co-founder of BitMEX, one of the leading cryptocurrency derivatives exchanges, has made a bold prediction regarding the future of Bitcoin amidst a notable rise in dollar liquidity. Hayes, a prominent figure in the crypto space, shared insights suggesting an imminent surge in the value of Bitcoin, attributing it to the increasing availability of dollar liquidity in the market.
In a recent interview, Hayes discussed the correlation between the value of Bitcoin and the liquidity of the US dollar. He highlighted that historically, periods of high dollar liquidity have often coincided with bullish trends for Bitcoin. The co-founder's prediction stems from his observation of market dynamics and the potential impact of the dollar's liquidity on the cryptocurrency landscape.
Hayes pointed out that as global economic conditions evolve, particularly in response to central bank policies and fiscal measures, the availability of dollar liquidity tends to influence investors' behavior across various asset classes, including cryptocurrencies. He suggested that a surge in dollar liquidity could lead to increased investment in Bitcoin as a hedge against inflation and market uncertainties.
The prediction aligns with ongoing discussions about Bitcoin's status as a store of value, especially in times of economic turbulence. The cryptocurrency's finite supply and decentralized nature have positioned it as a potential safe haven asset, attracting investors seeking alternatives to traditional financial instruments.
However, Hayes also emphasized the inherent volatility of the cryptocurrency market, cautioning investors about the risks associated with Bitcoin and the need for a well-calibrated investment strategy. He highlighted the importance of understanding the market dynamics and being mindful of the potential fluctuations in value.
#binannce #BinanceCEO #BITMEX
Arthur Hayes, the co-founder of BitMEX, one of the leading cryptocurrency derivatives exchanges, has made a bold prediction regarding the future of Bitcoin amidst a notable rise in dollar liquidity. Hayes, a prominent figure in the crypto space, shared insights suggesting an imminent surge in the value of Bitcoin, attributing it to the increasing availability of dollar liquidity in the market.
In a recent interview, Hayes discussed the correlation between the value of Bitcoin and the liquidity of the US dollar. He highlighted that historically, periods of high dollar liquidity have often coincided with bullish trends for Bitcoin. The co-founder's prediction stems from his observation of market dynamics and the potential impact of the dollar's liquidity on the cryptocurrency landscape.
Hayes pointed out that as global economic conditions evolve, particularly in response to central bank policies and fiscal measures, the availability of dollar liquidity tends to influence investors' behavior across various asset classes, including cryptocurrencies. He suggested that a surge in dollar liquidity could lead to increased investment in Bitcoin as a hedge against inflation and market uncertainties.
The prediction aligns with ongoing discussions about Bitcoin's status as a store of value, especially in times of economic turbulence. The cryptocurrency's finite supply and decentralized nature have positioned it as a potential safe haven asset, attracting investors seeking alternatives to traditional financial instruments.
However, Hayes also emphasized the inherent volatility of the cryptocurrency market, cautioning investors about the risks associated with Bitcoin and the need for a well-calibrated investment strategy. He highlighted the importance of understanding the market dynamics and being mindful of the potential fluctuations in value.
#binannce #BinanceCEO #BITMEX
$BTC
The economy continues to show surprising resilience: Data compiled by Bloomberg Intelligence shows that 81% of S&P 500 companies reporting first-quarter earnings have exceeded expectations. It is known that the price of Bitcoin is influenced by central bank policy and macroeconomic liquidity conditions. Some analysts, like #BITMEX co-founder Arthur Hayes, continue to believe that as central bank balance sheets expand, #BTC⏠will continue to surpass $100,000.
The economy continues to show surprising resilience: Data compiled by Bloomberg Intelligence shows that 81% of S&P 500 companies reporting first-quarter earnings have exceeded expectations. It is known that the price of Bitcoin is influenced by central bank policy and macroeconomic liquidity conditions. Some analysts, like #BITMEX co-founder Arthur Hayes, continue to believe that as central bank balance sheets expand, #BTC⏠will continue to surpass $100,000.
Mysterious Bitcoin Whale's Massive Accumulation Sparks Speculation. đȘđ
In the dynamic world of cryptocurrency, a mysterious Bitcoin wallet has captured the attention of enthusiasts and experts alike. This enigmatic digital wallet surfaced with a staggering 12,071 BTC, equivalent to a jaw-dropping $531 million, within a mere 30-day span, as closely monitored by Arkham Intelligence.
Birthed into existence on November 1, this wallet has been consistently receiving Bitcoin from various addresses, with the initial transactions traced back to the BitMEX exchange, adding an extra layer of intrigue to its origins.
Speculation by Lark Davis:
Lark Davis, the visionary founder of Wealth Mastery, speculates that institutional investors may be strategically positioning themselves ahead of a potential approval of a spot Bitcoin ETF. This speculation gains weight as the wallet's accumulation coincides with the SEC's engagements with notable players like Grayscale and BlackRock.
SEC Engagement and ETF Approval Expectations:
The recent formal engagements between the SEC and asset managers, as revealed in a memo, hint at a potential decision regarding the approval of a Bitcoin exchange-traded fund (ETF). Industry experts are optimistic about the launch of crypto ETFs in the U.S. early next year, creating a ripple of bullish sentiments.
Insights from Grayscale's Chief Legal Officer:
Grayscale's Chief Legal Officer, Craig, contributes to the positive momentum narrative in discussions between regulators and the cryptocurrency industry. He expresses confidence that spot Bitcoin ETFs are not a matter of "if" but "when," with key focal points for 2024 being ETF progress, the upcoming election, and ongoing legal matters enhancing regulatory clarity.
Significance of ETF Approval:
James Lavish, a crypto influencer, highlights ETF approval's crucial role in mainstream acceptance, framing Bitcoin as "digital gold." Despite regulatory doubts, he leans towards taxation as a more likely scenario.
#BTC #whale #BITMEX #ETF #ARKHAM
In the dynamic world of cryptocurrency, a mysterious Bitcoin wallet has captured the attention of enthusiasts and experts alike. This enigmatic digital wallet surfaced with a staggering 12,071 BTC, equivalent to a jaw-dropping $531 million, within a mere 30-day span, as closely monitored by Arkham Intelligence.
Birthed into existence on November 1, this wallet has been consistently receiving Bitcoin from various addresses, with the initial transactions traced back to the BitMEX exchange, adding an extra layer of intrigue to its origins.
Speculation by Lark Davis:
Lark Davis, the visionary founder of Wealth Mastery, speculates that institutional investors may be strategically positioning themselves ahead of a potential approval of a spot Bitcoin ETF. This speculation gains weight as the wallet's accumulation coincides with the SEC's engagements with notable players like Grayscale and BlackRock.
SEC Engagement and ETF Approval Expectations:
The recent formal engagements between the SEC and asset managers, as revealed in a memo, hint at a potential decision regarding the approval of a Bitcoin exchange-traded fund (ETF). Industry experts are optimistic about the launch of crypto ETFs in the U.S. early next year, creating a ripple of bullish sentiments.
Insights from Grayscale's Chief Legal Officer:
Grayscale's Chief Legal Officer, Craig, contributes to the positive momentum narrative in discussions between regulators and the cryptocurrency industry. He expresses confidence that spot Bitcoin ETFs are not a matter of "if" but "when," with key focal points for 2024 being ETF progress, the upcoming election, and ongoing legal matters enhancing regulatory clarity.
Significance of ETF Approval:
James Lavish, a crypto influencer, highlights ETF approval's crucial role in mainstream acceptance, framing Bitcoin as "digital gold." Despite regulatory doubts, he leans towards taxation as a more likely scenario.
#BTC #whale #BITMEX #ETF #ARKHAM
đ€ $BTC Analyst C.Q.: The recent outflow of 35,486 BTC from BitMEX should not be ignored. Historically, such events on #BITMEX are predictable signals that precede Bitcoin price increases.
Arthur Hayes' Take on Fed Decision and Crypto Positivity. đȘđ°
Renowned in the crypto sphere as the co-founder of BitMEX exchange, Arthur Hayes recently weighed in on the Federal Reserve's recent decision, offering valuable insights into its implications for the cryptocurrency market.
Positive Response to Fed Decision:
Hayes emphasized the favorable impact of the Federal Reserve's decision to maintain steady interest rates, noting positive market reactions. Shared a news image depicting Wall Street traders gearing up for a significant move in 2024.
No Room for Crypto Negativity:
Expressing unwavering confidence in cryptocurrencies, Hayes dismissed negative sentiments. Urged followers to embrace the potential of cryptocurrencies while questioning the value of traditional fiat money.
Bitcoin's Paramount Role:
Consistently stressing Bitcoin's pivotal role, Hayes discussed its status as the most valuable asset and its significance in financial advancements.
Diversification in Trading:
Hayes revealed involvement in trading various cryptocurrencies, including meme coins and altcoins. Highlights a diversified trading strategy extending beyond the realms of Bitcoin.
Market Outlook for 2024:
The shared news image suggests Wall Street traders preparing for a substantial financial move in 2024. Implies a potential shift in traditional finance towards increased involvement in crypto investments.
In a dynamically evolving financial landscape, Arthur Hayes' insights shine a light on the prevailing optimism surrounding cryptocurrencies, particularly following significant economic decisions. As the crypto market continues to integrate with traditional finance, Hayes underscores Bitcoin's enduring significance and advocates for a positive outlook on the future. Stay tuned for more updates in this exciting intersection of traditional and digital finance.
#ArthurHayes #BITMEX #Fed #Wallstreet
Renowned in the crypto sphere as the co-founder of BitMEX exchange, Arthur Hayes recently weighed in on the Federal Reserve's recent decision, offering valuable insights into its implications for the cryptocurrency market.
Positive Response to Fed Decision:
Hayes emphasized the favorable impact of the Federal Reserve's decision to maintain steady interest rates, noting positive market reactions. Shared a news image depicting Wall Street traders gearing up for a significant move in 2024.
No Room for Crypto Negativity:
Expressing unwavering confidence in cryptocurrencies, Hayes dismissed negative sentiments. Urged followers to embrace the potential of cryptocurrencies while questioning the value of traditional fiat money.
Bitcoin's Paramount Role:
Consistently stressing Bitcoin's pivotal role, Hayes discussed its status as the most valuable asset and its significance in financial advancements.
Diversification in Trading:
Hayes revealed involvement in trading various cryptocurrencies, including meme coins and altcoins. Highlights a diversified trading strategy extending beyond the realms of Bitcoin.
Market Outlook for 2024:
The shared news image suggests Wall Street traders preparing for a substantial financial move in 2024. Implies a potential shift in traditional finance towards increased involvement in crypto investments.
In a dynamically evolving financial landscape, Arthur Hayes' insights shine a light on the prevailing optimism surrounding cryptocurrencies, particularly following significant economic decisions. As the crypto market continues to integrate with traditional finance, Hayes underscores Bitcoin's enduring significance and advocates for a positive outlook on the future. Stay tuned for more updates in this exciting intersection of traditional and digital finance.
#ArthurHayes #BITMEX #Fed #Wallstreet
Crypto Weekly Recap: Germany Sells Off BTC Holdings; BitMEX & more (July 7-13,2024)
This week, the Crypto Fear & Greed Index plummeted to its lowest point since January 2023, reaching 27 on July 9 due to selling pressure triggered by the German government's actions.
However, one piece of highly optimistic news has the potential to drive the market upward in the coming weeks: the issuers of spot Ether exchange-traded funds (ETFs) anticipate imminent final approval from U.S. regulators, potentially paving the way for listings as early as next week.
As the U.S. election intensifies, the former President, Donald Trump, was the target of an assassination attempt at a campaign event on Saturday, leading to an increase in the value of most Trump-themed memecoins. His safety also seemed to have a beneficial impact on the entire cryptocurrency market, recording a 2.58% increase in the last 24 hours.
Now, we've curated a collection of the six most noteworthy stories you may have overlooked during the week. Join us as we delve into the most impactful developments of the past seven days.
For transparent and decentralized crypto trading and to list your crypto token for free, donât forget to visit our website and follow Melega Finance (@meleganews) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (Jul. 7-13, 2024)
â      Germany Sells Off $2.9B in Bitcoin, Causes Market Dip.
â      Spot Bitcoin ETFs Experience Major Inflow Surge
â      VanEck and 21Shares Amend Ether ETF Filings with SEC
â      SEC Ends Investigation into Hiro Systems
â      BitMEX Pleads Guilty to Bank Secrecy Act Violation
â      US Republicans Endorse Crypto in Party Platform
Germany Sells Off $2.9B in Bitcoin, Causes Market Dip.
Germany has sold all its Bitcoin holdings, worth about $2.9 billion, in a series of transactions over the past 24 hours. The sale, stemming from a 2013 seizure of nearly 50,000 BTC, significantly impacted Bitcoinâs price, dropping it to a four-month low of $57,700.Â
Â
Despite this, there is optimism for a market rebound, supported by positive inflation data and the anticipated launch of Ethereum ETFs.
Spot Bitcoin ETFs Experience Major Inflow Surge
Spot Bitcoin ETFs in the U.S. saw significant inflows of over $310 million on July 12, their best day since June 5. BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund led with $120 million and $115.1 million, respectively. Other notable inflows included the Bitwise Bitcoin ETF at $28.4 million and Grayscale Bitcoin Trust at $23 million. This surge brings theÂ
total inflows to $1.04 billion since July 8, highlighting growing investor interest.
VanEck and 21Shares Amend Ether ETF Filings with SEC
Asset management firms VanEck and 21Shares have submitted amended S-1 registrations to the SEC to facilitate the listing and trading of spot Ether ETFs. The filings, made on July 8, indicate readiness to launch "as soon as practicable" following SEC approval.Â
Â
This is part of the final approval stage, with experts predicting possible approval in July. The SEC had previously approved similar filings from eight asset managers, suggesting broader acceptance of Ether ETFs soon.
SEC Ends Investigation into Hiro Systems
The U.S. Securities and Exchange Commission (SEC) has ended its three-year investigation into Hiro Systems, formerly Blockstack, which raised $70 million through token sales from 2017 to 2019. This marks another win for the crypto industry in its ongoing regulatory struggles.Â
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Hiro develops tools for the Stacks layer-2 blockchain on Bitcoin. Stacks co-creator Muneeb Ali noted the probe focused on the Stacks protocol itself. The SECâs decision follows a similar closure of an investigation into Paxos.
BitMEX Pleads Guilty to Bank Secrecy Act Violation
BitMEX, a cryptocurrency exchange, admitted to violating the Bank Secrecy Act by not implementing an adequate Anti-Money Laundering (AML) program from 2015 to 2020. This plea follows the 2022 criminal charges against founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who received probation and a $30 million civil penalty.Â
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US Attorney Damian Williams highlighted that BitMEX's failure to comply with AML standards posed a significant risk to the financial system. Responsible parties may face up to five years in prison and fines.
US Republicans Endorse Crypto in Party Platform
The Republican National Committee (RNC) has adopted a policy platform that supports cryptocurrencies and Bitcoin mining, positioning them as central to U.S. economic innovation.Â
Â
The platform, aligned with Donald Trump, opposes the creation of a Central Bank Digital Currency (CBDC) and advocates for Americans' rights to mine and self-custody digital assets. This shift comes as the RNC prepares for its national convention from July 15-18, where Trump is expected to be nominated for U.S. President.
MASTERM (MXMX) Launches on BASE Chain
On July 10th, MasterM's native token, MasterM (MXMX), debuted on GemPad. This fair launch allowed users to acquire the token before its official listing, ensuring a level playing field for all participants.
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MXMX is a unique and genuine project that combines cryptocurrency, music, and NFTs. The project has established collaborations with world-famous music stars such as Alexandra Stan, Fatman Scoop, 24Hrs, Sean Kingston, and others, and it has secured worldwide distribution through SONY MUSIC.Â
MASTERM (MXMX) Listed on MelegaSwap on BASE Chain
After its launch on July 12th, MasterM (MXMX) was listed on MelegaSwap, offering FARM & POOL and an incredible 2000% APR for early investors. MasterM has ambitious goals, aiming to establish itself as a prominent force in the cryptocurrency realm. Through music, NFTs, and games, it intends to showcase its journey and adventures in a captivating manner.
AIVOICE (AIV) Farm & Pool Listed on MelegaSwap
AIV uses AI voice technology to allow users to listen to all digital content provided by audiobooks, portals, etc., including Internet news, in the voice of the person they want. AIV holds patents related to AI voice technology.
Meta Games Coin (MGC) is Now Listed on Melega
MetaGamescoin (MGC) is a rewarding token that operates on the Binance Smart Chain (BSC) as a BEP20 token. This token is designed for a ranking platform, allowing users to play games and earn MGC tokens.
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Risk warning:Â Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.Â
Â
 #MelegaSwap #melegamarco #melega #BITMEX #BTCâ
However, one piece of highly optimistic news has the potential to drive the market upward in the coming weeks: the issuers of spot Ether exchange-traded funds (ETFs) anticipate imminent final approval from U.S. regulators, potentially paving the way for listings as early as next week.
As the U.S. election intensifies, the former President, Donald Trump, was the target of an assassination attempt at a campaign event on Saturday, leading to an increase in the value of most Trump-themed memecoins. His safety also seemed to have a beneficial impact on the entire cryptocurrency market, recording a 2.58% increase in the last 24 hours.
Now, we've curated a collection of the six most noteworthy stories you may have overlooked during the week. Join us as we delve into the most impactful developments of the past seven days.
For transparent and decentralized crypto trading and to list your crypto token for free, donât forget to visit our website and follow Melega Finance (@meleganews) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (Jul. 7-13, 2024)
â      Germany Sells Off $2.9B in Bitcoin, Causes Market Dip.
â      Spot Bitcoin ETFs Experience Major Inflow Surge
â      VanEck and 21Shares Amend Ether ETF Filings with SEC
â      SEC Ends Investigation into Hiro Systems
â      BitMEX Pleads Guilty to Bank Secrecy Act Violation
â      US Republicans Endorse Crypto in Party Platform
Germany Sells Off $2.9B in Bitcoin, Causes Market Dip.
Germany has sold all its Bitcoin holdings, worth about $2.9 billion, in a series of transactions over the past 24 hours. The sale, stemming from a 2013 seizure of nearly 50,000 BTC, significantly impacted Bitcoinâs price, dropping it to a four-month low of $57,700.Â
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Despite this, there is optimism for a market rebound, supported by positive inflation data and the anticipated launch of Ethereum ETFs.
Spot Bitcoin ETFs Experience Major Inflow Surge
Spot Bitcoin ETFs in the U.S. saw significant inflows of over $310 million on July 12, their best day since June 5. BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund led with $120 million and $115.1 million, respectively. Other notable inflows included the Bitwise Bitcoin ETF at $28.4 million and Grayscale Bitcoin Trust at $23 million. This surge brings theÂ
total inflows to $1.04 billion since July 8, highlighting growing investor interest.
VanEck and 21Shares Amend Ether ETF Filings with SEC
Asset management firms VanEck and 21Shares have submitted amended S-1 registrations to the SEC to facilitate the listing and trading of spot Ether ETFs. The filings, made on July 8, indicate readiness to launch "as soon as practicable" following SEC approval.Â
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This is part of the final approval stage, with experts predicting possible approval in July. The SEC had previously approved similar filings from eight asset managers, suggesting broader acceptance of Ether ETFs soon.
SEC Ends Investigation into Hiro Systems
The U.S. Securities and Exchange Commission (SEC) has ended its three-year investigation into Hiro Systems, formerly Blockstack, which raised $70 million through token sales from 2017 to 2019. This marks another win for the crypto industry in its ongoing regulatory struggles.Â
Â
Hiro develops tools for the Stacks layer-2 blockchain on Bitcoin. Stacks co-creator Muneeb Ali noted the probe focused on the Stacks protocol itself. The SECâs decision follows a similar closure of an investigation into Paxos.
BitMEX Pleads Guilty to Bank Secrecy Act Violation
BitMEX, a cryptocurrency exchange, admitted to violating the Bank Secrecy Act by not implementing an adequate Anti-Money Laundering (AML) program from 2015 to 2020. This plea follows the 2022 criminal charges against founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who received probation and a $30 million civil penalty.Â
Â
US Attorney Damian Williams highlighted that BitMEX's failure to comply with AML standards posed a significant risk to the financial system. Responsible parties may face up to five years in prison and fines.
US Republicans Endorse Crypto in Party Platform
The Republican National Committee (RNC) has adopted a policy platform that supports cryptocurrencies and Bitcoin mining, positioning them as central to U.S. economic innovation.Â
Â
The platform, aligned with Donald Trump, opposes the creation of a Central Bank Digital Currency (CBDC) and advocates for Americans' rights to mine and self-custody digital assets. This shift comes as the RNC prepares for its national convention from July 15-18, where Trump is expected to be nominated for U.S. President.
MASTERM (MXMX) Launches on BASE Chain
On July 10th, MasterM's native token, MasterM (MXMX), debuted on GemPad. This fair launch allowed users to acquire the token before its official listing, ensuring a level playing field for all participants.
Â
MXMX is a unique and genuine project that combines cryptocurrency, music, and NFTs. The project has established collaborations with world-famous music stars such as Alexandra Stan, Fatman Scoop, 24Hrs, Sean Kingston, and others, and it has secured worldwide distribution through SONY MUSIC.Â
MASTERM (MXMX) Listed on MelegaSwap on BASE Chain
After its launch on July 12th, MasterM (MXMX) was listed on MelegaSwap, offering FARM & POOL and an incredible 2000% APR for early investors. MasterM has ambitious goals, aiming to establish itself as a prominent force in the cryptocurrency realm. Through music, NFTs, and games, it intends to showcase its journey and adventures in a captivating manner.
AIVOICE (AIV) Farm & Pool Listed on MelegaSwap
AIV uses AI voice technology to allow users to listen to all digital content provided by audiobooks, portals, etc., including Internet news, in the voice of the person they want. AIV holds patents related to AI voice technology.
Meta Games Coin (MGC) is Now Listed on Melega
MetaGamescoin (MGC) is a rewarding token that operates on the Binance Smart Chain (BSC) as a BEP20 token. This token is designed for a ranking platform, allowing users to play games and earn MGC tokens.
Â
âąâąâą
Risk warning:Â Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.Â
Â
 #MelegaSwap #melegamarco #melega #BITMEX #BTCâ
Good morning, so people are freaking the F out about this whole #BTCđ„đ„đ„đ„ dropping to $8000, let's just remember something here. First thing it didn't happen! So stop freaking the F out . it happened on some no name scam exchange that will end up like #ftx . THE drop to $8000 didn't happen in the market it happened on some shitty exchange and if you know anything about anything you'll know small no name exchanges like #BITMEX are always run by thieves and manipulator's . So ladies and gentlemen relax and worry about it when it affects market, not some scamy exchange.
#Write2Erarn #HotTrends
Please follow for more and like . Tips goes a long way!$BTC $SOL $BNB
#Write2Erarn #HotTrends
Please follow for more and like . Tips goes a long way!$BTC $SOL $BNB
