Bybit has launched a pre-market for hamster fodder — the HMSTR token: > interestingly, the total number of tokens is listed as 10 billion;
We wait for the official tokenomics, because even if we assume now: > $HMSTR capitalization = $NOT, then the price of HMSTR is $0.17; > but what the $0.17 price gives us is nothing; > since we don't know the exact percentage allocated to airdrop.
Assuming: > Gotbit (market maker) will show good growth of the token; > it will be beneficial for all — users, Hamster Combat, TON and Gotbit; > the drop will be small, or they will introduce strict criteria, so that everyone will shout "hamster is the best"; > Influencers will be telling everyone and encouraging them to buy token from the market, dispersing FOMO as they bought HMSTR token below the listing price.
We are waiting for official figures to sort out tokenomics, and then we will decide whether to buy on listing or on hard drawdown.
So what comes next❓ Maybe 4-10 weeks of slow upwards accumulation in 60k-84k region & then Massive bull run 🔼Don't let them make you sell your bags at any kind of shakeout.
Bitcoin Depot says its revenues are independent of Bitcoin’s volatility as the firm maintains a “relatively low balance” of BTC.
The high volatility of cryptocurrency prices has had little to no effect on some major players in the industry, including Bitcoin Depot, a Bitcoin BTC🔻$63,142 ATM operator. Bitcoin Depot, the biggest ATM operator in the United States, has recorded no correlation between its revenues and the price of Bitcoin historically, the firm stated in its 10-K annual report filed on April 15.
The company’s revenues in 2023 and 2022, $689 million and $647 million, respectively, have not been correlated to the price of Bitcoin, even in light of volatile Bitcoin prices.
While Bitcoin surged 155% in 2023, Bitcoin Depot’s year-over-year revenue growth amounted to just 6%, the company stated.
Bitcoin futures and options signal investors’ confidence was not meaningfully impacted by BTC’s recent dip to $61,500.
The 13.3% drop in Bitcoin BTC🔻$63,315 price between April 12 and April 13 forced many traders out, primarily those who had leveraged their positions. This significant movement triggered $387 million in forced liquidations of long positions and reduced the open interest by $5.4 billion. At first glance, the price action and its effect on the derivatives markets suggest a decreased risk appetite.
Yet, cryptocurrency traders are accustomed to volatility and often overreact during uncertain times. A closer examination is necessary to determine whether the retest of $61,500 was sufficient to instill fear or to signal that the path to $72,000 and a potential all-time high after the Bitcoin halving is now less probable.
Hong Kong’s securities regulator reportedly approved the in-kind creation model for Bitcoin and Ether ETFs, as opposed to the cash-created in the United States.
Hong Kong has become the latest country to approve spot exchange-traded funds (ETF) for Bitcoin BTC
tickers down $66,086
and Ether ETH
tickers down $3,233
, with local regulators issuing approvals to at least three local issuers.
The Hong Kong Securities and Futures Commission (SFC) conditionally approved its first spot BTC and ETH ETFs on April 15, Reuters reported.
At least three offshore Chinese asset managers, including Hong Kong units of Harvest Fund Management, Bosera Asset Management and China Asset Management (ChinaAMC), will launch their spot Bitcoin and Ether ETFs soon. OSL Digital Securities, a licensed digital asset platform in Hong Kong, will act as the sub-custodian for at least one issuer, ChinaAMC.
According to the report, Hong Kong’s Harvest and Bosera received conditional approvals from the SFC, allowing them to launch the ETFs.
On the other hand, the Hong Kong unit of China Asset Management, or ChinaAMC, said it received regulatory approval to provide virtual asset management services and was developing spot ETFs of BTC and ETH.
Scam crypto projects using stolen funds for liquidity disappear Blockchain investigator ZachXBT identified scammers providing liquidity funds to several fake projects across multiple blockchains, including Base, Solana, Scroll, Optimism, Arbitrum, Ethereum and Avalanche.