Kraken: Ethereum ETF can raise about $1 billion per month
In Europe, USDT market share on exchanges decreased from 82% to 74%
Tether froze $28 million USDT linked to Asian scam
UXLINK received a grant from TON and will launch a gaming center for social groups on TON.
Opinion: Issuers of spot Ether exchange-traded funds (ETFs) expect to receive final regulatory approval soon. This will pave the way for the listing of the Ethereum ETF as early as next week.
Spot Bitcoin ETFs received the largest net inflow in five weeks of $310 MILLION
📈Over the past two years, the use of cryptocurrency in global trade has increased by 42%. From October 2022 to April 2024, the number of businesses accepting cryptocurrencies increased from 7,731 to 10,952, according to BTC Map data. In parallel, the number of cryptocurrency ATMs increased by 57% in 2023, and there are now 181 million worldwide. According to a survey by ConsenSys and YouGov, 92% of respondents from 15 countries have heard of cryptocurrencies, and at least 50% know what it is.
🔥 Found an interesting statistic - a 12-month moving average (annual average) is superimposed on the unemployment graph. When the unemployment rate becomes higher than the average value for the previous year (crossing the sliding line) - this is a sign of an approaching recession.
💡 On average, the advance is two months. Now the delay is much longer, however, it must be understood that the official recognition of the recession comes with a long delay - it takes months (it took 16 months during the 2008 recession🔄), so it cannot be ruled out that in the future our present will belong to the period recession
❗️There is a certain optimization, and also, historical events do not guarantee repetition in the future. But in any case, this graph carries direct logic.
Hawaii changed its mind about requiring payment service licenses from crypto companies
Circle receives first stablecoin license under new Crypto rules of the EU MISA
Vitalik Buterin proposed a way to speed up transactions in Ethereum
The Sonic 'Odyssey test network has 100 thousand wallets and 17 million transactions
Metaplanet buys Bitcoin by another $1.2 million as the investment strategy develops
Tether announced a new stablecoin aUSDT
Bank of France (BDF) and Monetary Authority Hong Kong (HKMA) signed a Memorandum of Understanding (MoU) for bilateral cooperation in the field of central bank digital currency (CBDC) wholesale and tokenization
SEC delays launch of spot Ethereum ETFs to mid-to-late July
Inflow of funds into spot Bitcoin ETFs in the US amounted to more than $73 million Binance warned of an increase in crypto fraud in Telegram
CryptoRank researchers said that more than $3 billion worth of tokens will be unlocked in July.
Robert Kiyosaki and Peter Schiff believes US financial collapse is inevitable
According to a report from the research company Stento Research, the ether exchange rate will reach $6,500 after the approval of the ether-ETF by the US authorities.
Bitcoin Ignores Slowing US Inflation and Analysts Are Concerned about Support at $60,000
Aptos and Alibaba Cloud collaborate to promote Web3 in Japan
AnchorZero completed a seed round of funding worth $8 million
Curve Finance changed the commission distribution mechanism, moving from 3crv to crvUSD Jesse Powell, co-founder of Kraken, donated $1 million in cryptocurrency to the Trump 2024 campaign
Blur achieved the highest market share among Ethereum NFT marketplaces in three weeks
Bolivia lifts ban on payments in cryptocurrencies, officially making them legal for financial institutions UXLINK launched SLP (Social Liquidity Provisioning) System with token pools for community and ecosystem developers
🫡Regarding the market and the situation now, not a big THRADED. 💡💡💡
In the fall of 2019, I started my journey as a crypto novice. I chose the Binance exchange for this, I knew there were others, but I liked the simplicity and convenience here. I had about $2,000, but I knew nothing about trading, scalping, and so on. 💵🤝
Having figured it out, I threw in the money and started choosing what to buy. This list included such coins as: Eth, Kava, Mana, BNB and about 3-6 more coins. After a month of Ern, staking, my funds decreased by 200-300$, I thought, no...it won't work like that, then there was a lot of noise about NFT, how cool it is, popular, etc. 💲💲💲
I decide to transfer everything to NFT, planning to make money from it😉
I bought various collections, simple NFTs that I came across, I liked, some of them were really popular. From the sale of some, I even made money and made a small profit. But over time, NFTs stopped being sold, some collections turned out to be garbage, some lost popularity and price.😞
Time passed, I got absorbed in ordinary work and life, meanwhile the market grew, bitcoin, eth, bnb and others went up. ⬆️
Over time, I returned to Binance, later calculated and saw that if I had not transferred all the funds to NFT, I would now have about 7-9 thousand dollars from those 2 thousand, just from staking and the growth of the market 🙄
So the conclusions: 1. Never make emotional, hasty decisions. 2. Study the product, collection, coin before buying or selling. 3. Do not follow the crowd and hype, analyze 4. Be able to wait and play for a long time
Now the market reminded me of that story, it doesn't show that we have to sell something quickly, or buy while giving away the last, maybe just calmly wait and make a living, it will be a better decision. 🍕🍕🍕
2.Binance disables copy trading for European users Worldcoin partners with Alchemy ahead of World Chain launch
3.Sui expands its custodial capacity through partnership with Copper
4.Ora raised $20 million in funding from Polychain, HF0, Hashkey Capital
5.PancakeSwap launches artificial intelligence prediction market on Arbitrum Bitget, together with Foresight Ventures, launch the TON ecosystem fund for $20 million
6.OtherWorld announced the beta launch of the NFT platform “Solo Leveling: Unlimited” on Avalanche
7.Two whales withdrew ~$3.4 million from staking BLUR and transferred it to exchanges after receiving the distribution
8.Web3 Redacted entertainment and gaming platform receives $10 million in funding led by Spartan Group and Animoca
The Notcoin team reported the burning of NOT tokens worth $3 million
Meme tokens have become the most profitable since the beginning of 2024
The authorities of the US state of Louisiana have amended legislation to prohibit the use of central bank digital currencies (CBDC), as well as establishing rules for miners and node operators.
German authorities put 400 BTC on crypto exchanges
Justin Sun bought Ethereum for $4.8 million during a depreciation
The Fear and Greed Index sets a new low for September 2023
21Shares announced a partnership with Zodia Custody
The volume of liquidations on the crypto market exceeded $300 million per day Analysts saw a bullish sentiment in the Bitcoin options market
The price for a hash on the Bitcoin network fell by 52%
STEPN GO will be available in the App Store tomorrow
Jump Crypto President resigns Stacking DAO has partnered with Wintermute
Astar Network announced a merger with Startale
Circle CEO joins Farcaster
Louisiana Governor Passes Bill to Protect BTC Rights and Ban
Taurus has expanded the storage and issuance of digital assets for Stellar
Earn Alliance partners with Sky Mavis to bring games to the Ronin blockchain NFTfi Foundation launched Airdrop Earn Season 3. A total of 30 million NFTFI will be distributed
HKSAR Chairman continues to develop Web3 in Hong Kong
BIS: Nine central banks are ready to launch wholesale CBDC by 2029
Binance has strengthened security measures for Megadrop Binance froze cryptocurrency stolen from the BtcTurk exchange
Analyst: Next impulse could lift Bitcoin price to $100,000
Miners sold $2 worth of BTC billion since the beginning of June
Experts estimate losses from the hacking of the Turkish BtcTurk exchange at $54 million
Tim Beiko, a well-known developer of the Ethereum cryptocurrency, said that Ethereum users recently received a fake letter on behalf of the Ethereum Foundation. He noted that his text proposed participation in the new staking program
Hackers attacked the Turkish crypto exchange BtcTurk
Ledger warns of new address poisoning scam
The fall in the AVAX rate may be associated with an attack on BtcTurk
Mirror World raised $12 million to create a game engine on Solana Capital outflow of $106 million recorded in the spot Bitcoin ETF sector
Spot Ethereum ETF issuers have filed amended applications on Form S-1
Stella publishes a rebranding proposal with a name change to LitLayer
The Nigerian authorities have denied rumors about the poor conditions of detention of the Binance top manager
Xaman Wallet integrates C14 for seamless access to traditional currency
Fantom publishes the third proposal for controlling Sonic. Includes Ecosystem Grants, new combustion mechanism, Sonic Spark and Sonic University programs
For the sixth day in a row, there has been an inflow of capital from the Bitcoin Spot ETF - a huge outflow of 1 billion dollars in these days. The global capitalization of the spot Bitcoin ETF fell by 10% since the beginning of the month🔻
It turns out that institutional holders are not the same holders as the crypto gurus say💡
On the other hand, the majority of investors in Bitcoin ETFs are split investors - institutions simply sell a product and earn a commission. However, whether Bitcoin will rise or fall.
Why is it very difficult to determine the timing of an event? Analyzing and finding a long-term trend📈 is actually not so difficult, but when exactly the scenario will begin to be implemented is a much more difficult matter (if at all possible). 💡The figure shows a graph of the S&P500 index, superimposed on it is the ratio of the S&P500 index (SPX) to the Russell 2000 index of small and medium-sized companies (RUT). This ratio shows the concentration of weight in a small group of highly capitalized companies⚖️. At the moment, the concentration on technology companies is already high, but as history shows, there is more 🎯.
If we compare the current situation, and put the dotcom bubble on the graph, then from the current levels the index grew 🔺 by another 31% within 600 days. Why such a skew can exist for years? I see two main reasons:
1️⃣ Stimulating the market - when the government stimulates the market, it leads to a constant flow of capital into the market, which constantly increases the skew
2️⃣ Inflating the bubble - belief in endless growth, easy money, etc. causes greed and inflow of capital. And it is almost impossible to determine when the stimulus or inflation will end, so it is almost impossible to determine exactly when the indices may turn around📉.
P.S. The question may arise, why does the S&P 500 manipulate the weight of companies and allow such a skew? Everything is quite simple, the index must show high growth in order to use it. This is just a business, if the index does not show high growth, then this product will not be used.