infamous crypto hater Peter Schiff has launched his own NFT collection on Bitcoin Ordinals.

In this week’s newsletter, read about some of the most popular nonfungible token (NFT) collections and top metaverse properties taking massive price hits in 2023.

According to the post, the company sent a deposit of 23.13 million SAND, equivalent to $12.9 million to Binance.

Analysis platform Lookonchain shared in a Twitter post earlier this morning that the blockchain building company Hashed recently transferred millions of The Sandbox (SAND) tokens to an exchange.

SAND has been trading flat for a while now, technical indicators suggested that there was bullish momentum present on its weekly chart.

when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon.

Data analytics platform Glassnode reported that the Bitcoin transfer volume sent by long-term holders in profit has experienced a noteworthy rise year-to-date (YTD), surging from $25 million to $489 million, marking an almost 2000% increase.

Transfer Volume sent by Long-Term Holders in Profit has recorded a significant ascent YTD, increasing from $25M to $489M, a near 2000% increase.

The altcoin had retraced somewhat from its daily high of $0.9514, however. Meanwhile, its 24-hour low was sitting at $0.8935.
#Matic

The altcoin was up 1.92% against BTC and 1.90% against ETH.
#MATIC

MATIC also outperformed the two crypto market leaders Bitcoin (BTC) and Ethereum (ETH) in the last 24 hours.
#Matic

In the last few weeks, staking's growing popularity has helped soak up supply from the market.

Typically low exchange balances are a bullish sign as it means the supply of ether available for purchase is limited, thus, it puts pressure on prices to increase.

In contrast, during the bull market of 2021, the exchange balance was around 25-26%.

The market hasn’t seen a level this low since ether was in its infancy during the summer of 2016.

Data from Glassnode shows that as of Thursday, 14.85% of all ether was held in wallets owned by centralized exchanges.

The number of ether (ETH) on exchanges has hit a low not seen since July 2016 as staking saps up available ether.

Recently, Ripple’s CTO, David Schwartz, underlined the significance of the XRPL in relation to central bank digital currencies (CBDC),

The CBDC Platform reaffirms the significance of the XRP Ledger as it’s built with the same core ledger technology. It has the ability to interact with XRPL and use XRP as a bridge currency for cross-currency and cross-border payments.