Daily Digest (December 20, 2022)
🔸 Greenidge deal with lender NYDIG would see miner shift to hosting.
🔸 Coinbase, Silvergate reverse losses to rise alongside traditional markets.
🔸 Binance joins U.S. lobby group's executive committee.
🔸 Auction house Christie's NFT sales fell 96% in 2022.
🔸 Polygon co-founder launches web3 startup accelerator Beacon.
🔸 Central African Republic delays listing Sango coin to 2023.
🔸 BlockFi seeks to reopen withdrawals for certain users.
🔸 Visa proposes using StarkNet for automatic recurring payments.
🔸 Bankman-Fried will agree to extradition to U.S.
🔸 Silvergate shares slide after lawsuit accuses the bank of playing an 'integral' role in FTX fraud.
@Cryptocoinscoach
#CryptoPrimeTime_with_Coach
Waves founder Sasha Ivanov has announced the launch of a new stablecoin.
https://twitter.com/sasha35625/status/1605135291802451969
Daniel Alegre, former president and COO of Activision Blizzard, is set to join the firm as CEO of Yuga Labs, the creators of BAYC NFT collection.
Alegre, who has been with Activision Blizzard since 2020, previously worked in various roles at Google.
🔗 Telegram | Twitter
US markets have a bearish bias in the higher time frame.
Watch closely Crypto may drop more if US markets drop.
😇@Coach😎
🤝 Voyager & Binance US
🔸Voyager announces Binance.US agreement to acquire its assets.
🔸Today Voyager announced that it has chosen Binance US as the highest and best offer for its assets valued at approximately $1.022B.
🔸Binance US will deposit $10M and reimburse Voyager for certain expenses up to $15M.
More: https://www.prnewswire.com/news-releases/voyager-announces-agreement-for-binanceus-to-acquire-its-assets-301706065.html
Binance Futures had a volume of ~$15 trillion dollars. At an average Taker fee of 0.02%, that would be $3 Billion in annual revenue just from trading.
Show a firm that makes this kind of money in our space.
📍 Follow @Coins for the hottest news in crypto.
#Crypto side effects #131
https://twitter.com/CryptoCoinCoach/status/1604042949062524928?s=20&t=tjjTSDIC4dQsLx8kT3eBMA
suddenly many users shifted outside of Binance, we just want to say, we are here before Binance, we saw a lot of things those years, we absolutely believe there is no reason to support the FUD about Binance.
Binance is crypto.
It can not die and it won't die.
Haters can keep hating, exploit the situation, but one thing is sure, soon they will all go back crawling to Binance to buy and sell their crypto.
@Coach
Horizontal Channel Pattern
🔅A horizontal channel is a chart pattern formed from two parallel trend lines drawn above and below price representing resistance and support levels
🔅Horizontal channels, also known as horizontal trend channels, are chart patterns used in technical analysis.
🔅Like ascending and descending channels, horizontal channels are formed by drawing trend lines for both high and low prices on a chart.
🔅The difference between the other two is that a horizontal channel is characterized as having equal highs and lows.
🔅In the case of a Horizontal Channel chart pattern, the stop loss should be placed at the previous low of the pattern.
🔅The limitation for the target will be the previous resistance level which was formed before by the price action.
😎@CryptoCoinsCoach😇
The largest DOGE holder (DPDL...SBgZ) transferred 3.841 billion DOGE ($280m) to the address DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF today, and DDuXG is already the fifth largest DOGE holder. These transfers are also the largest single-day transfers since DPDL...SBgZ was created. — link
Читать полностью…Binance net flows remain reasonable amidst withdrawal surge.
On December 11th, Binance froze withdrawals on some accounts that were profiting from irregular price movements on the exchange, which was then determined to just be market behavior. The intervention raised eyebrows at the power CEXs have over client funds.
The exchange then got hit with a surge in USDC withdrawals, which it had trouble processing due to the need for liquidity by swapping PAX or BUSD for more USD Coin during non-banking hours.
While there was over $6b in outflows from Binance addresses on the Ethereum network alone on December 13th, there was also $6b of inflow activity, leaving the net flow at only -$245m. Both inflows & outflows were higher than normal throughout the week.
This does not even mark the lowest net flow for the month, as withdrawals exceeded deposits by over $1 billion on November 24th.
The lowest net flow of the week was on December 12th at -$829 million.
📍 Follow @Coins for the hottest news in crypto.
Daily Digest (December 19, 2022)
🔸 Binance to acquire remaining 40% stake in Indonesian exchange Tokocrypto.
🔸 Polychain Capital leads bitcoin wallet developer Foundation’s $7 million raise.
🔸 BAYC creator Yuga Labs rounds off year with new CEO from Activision Blizzard.
🔸 US prosecutors probing Bankman-Fried’s political donations.
🔸 Grayscale will explore returning 20% of investor capital if SEC refuses spot Bitcoin ETF.
🔸 Binance losing auditing partner Mazars leaves crypto questions unanswered.
🔸 Axelar launches $60M startup ecosystem program.
🔸 Crypto investment firm CoinShares debuts trading on Nasdaq Stockholm.
🔸 China adds more cities to its digital yuan pilot.
🔸 Kazakhstan to press on with CBDC development until 2025.
@Cryptocoinscoach
#CryptoPrimeTime_with_Coach
Bearish Rectangle Pattern
🔅A bearish rectangle is formed when the price consolidates for a while during a downtrend.
🔅This happens because sellers probably need to pause and catch their breath before taking the pair any lower.
🔅In this example, the price broke the bottom of the rectangle chart pattern and continued to shoot down.
🔅If we had a short order just below the support level, we would have made a nice profit on this trade.
🔅In the case of a Bearish rectangle chart pattern, the stop loss should be placed at the previous high of the pattern.
🔅The limitation for the target will be the previous support level which was formed before by the price action.
😇@CryptoCoinsCoach😎
┌ #BNBUSDT 🟢 Buy Volume
├ Volume: 4.544M ₮🔥
┊ ┌Buy Vol: 2.342M ₮
┊ └Sell Vol: 2.201M ₮
├ ΔPrice: 233.6 > 239.5 [2.5%]
├ Vol(24h): 281886548 ₮
├ CMC: #5
├ [Futures] Funding Rate: -0.1181% ⚠️
┊
┊ Trade It Here
└ @CryptoCoinsCoach
10 VIPs airdrop to support 💰 Binance and the crypto industry 👇
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