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Sam Bankman-Fried faces new criminal charges including conspiracy to commit bank fraud
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#ftxcollapse #Web3 #scams #sambankman #crypto2023

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Tron chain now the #1 chain in revenue in all of crypto Generating over $1M in revenue in the last 24 hours $TRX & @justinsuntron may have found there new niche in the market #TRX #TRX+0.23% #ETH #Ethereum #BTC

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#QTUM/USDT is trading within a descending channel pattern💁‍♂️ The price is cross above the ma 50 and is now ready to break out of this channel👀 We could see a bullish move of approximately 150% from this breakout🚀 $QTUM #Qtum #qtumusdt #QTUMDT

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Mt. Gox Stirs Crypto Waters: 12,000 BTC on the Move—What’s Next?

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Ether Price Decline: . . ... Ether (ETH) has dropped more than 20% in the past month. This decline occurred despite the launch of spot Ethereum ETFs in the United States. Ethereum ETFs and Resilience: Unlike U.S. spot Bitcoin ETFs, Ethereum ETFs have not shown resilience after initial outflows. The weakness in ETH’s price has intensified since the ETFs’ inception. ETH/BTC Pair Weakness: The ETH/BTC pair has been on a downward trajectory since the Ethereum Merge in September 2022. Despite expectations that ETFs would boost ETH’s position, the pair’s weakness has persisted. Recently, the pair reached its lowest level in approximately three years (0.0367 ETH/BTC). Market Dynamics and Institutional Investment: Questions arise about the effectiveness of Ethereum ETFs in balancing market dynamics between ETH and BTC. ETH’s underperformance against BTC suggests deeper market forces beyond ETF availability. Factors Contributing to ETH Plunge: Large-scale ETH selling by crypto market makers (Jump Trading, Wintermute, Flow Traders). Lukewarm sentiment around the Ethereum ETF launch. Market volatility, liquidity concerns, and an unfavorable macroeconomic environment. Grayscale Ethereum Trust (ETHE): ETHE outflows contribute to ether’s weakness. ETHE assets under management stood at 70%, compared to GBTC’s 76.3% on its 20th trading day post-launch. Summer Launch Timing: Bitfinex suggests that launching Ethereum ETFs during a period of lower trading volumes and weaker investor engagement contributed to their underperformance and the ETH price1. 📉 Overall, the combination of ETF dynamics, market factors, and investor sentiment has impacted ether’s price negatively. If you have any more questions or need further information, feel free to ask! 😊 #ETH #bitcoin #Ethereum #BTC #solana

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$BTC and $ETH down. Memecoins on $TRX are up. Most of my money is in utility, but having some exposure in memecoins as a hedge could be good. There's always something that pumps. You can say whatever you want about $TRX, but it's still a top 10 coin after all these years. #bitcoin #BTC #TRX #memecoin🚀🚀🚀

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