Elon Musk complains again about the Fed's high rate 😢
During the current financial crisis, Elon Musk changed his status from the richest man in the world, to the top 1 in the world for the amount of capital lost.
He brought up again the issue of Fed rate hikes, asking, what if monetary policy had been tightened in 2009? The billionaire also added that the higher the rate, the greater the decline.
Apparently Musk is not intimidated by the high inflation the Fed is fighting. He prefers to overtake it on rising stocks and a bit of bitcoin, just to get the printing press back on 😇
According to analysts at Glassnode, Bitcoin's realized capitalization is down 18.8 percent from its peak. This is the equivalent of $88.4 billion in capital outflows and the second-largest decline in BTC history.
As a reminder, this figure takes into account the value of coins when they last moved. Accordingly, investors were quite active in fixing their losses and managed to sell at a loss.
Is it worth buying tokens after listing on Binance? 🔸
The chart above shows statistics on token behavior 5 days before the listing announcement and 5 days after.
🟠The average price increase for all coins on the first day after Binance listing was +41%.
🟠 By the third day the average increase from the listing announcement was +24%.
🟠 On average coins stayed in plus for 22 days after listing before going negative again.
🟠 The average maximum price within 30 days of listing was 73% higher than the day of listing.
✅ Conclusion.
Basically, if you found out about a listing on Binance, the price has already made an average of +40% and there is no point in buying further. The exception: a no-name asset that will only become available on one exchange, as was the case with MAGIC.
Silvergate sold assets at a $700 million loss and laid off 40% of staff due to FTX collapse 🚨
The cryptocurrency bank was forced to sell assets and cover withdrawals of $8.1 billion. Silvergate postponed a plan to launch its own digital currency and wrote off $196 million it spent to buy Diem cryptocurrency from Facebook. And the stock price lost 45% on the premarket.
It remains to solve DCG's liquidity problem and we can start bulls in the ring 🤔
What market share does Binance occupy? 📊
According to Arcane Research, the Binance exchange ranks:
• 92% spot trading volume
• 66% of trading volume on futures (without BTC)
• 49% open interest on futures (excluding BTC)
• 61% of BTC futures trading volume
• 14% BUSD market share among centralized stables
The volatility of bitcoin has updated a historical low. For so long, the MTC has not stood still, it is obvious that the subsequent impulse should be phenomenal. Marginers need to be especially careful.
Читать полностью…What projects received investments in December? 💰
- Amber Group — $300 million
- Aztec - $100 million
- Fleek - $25 million
- Nillion - $20 million
Breaking: RBI Chief Reaffirms Crypto Ban, Warns Of Upcoming Financial Crisis
https://bit.ly/3BMZeiH
The S&P 500 continues to panic and fall, because the new trend is the inevitable recession in the US due to the actions of the Fed, and these are big problems for business and, as a result, for stocks. Bitcoin doesn't care yet, so at the bottom, but $4 trillion of options are closing in the stock market today. High volatility is possible and it can be transferred to cryptocurrencies 🤔
Waves USDN stablecoin dropped to $0.55, but Justin Sun’s USDD seems to be recovering and is trading at $0.98 💸
Trump's NFTs have already raised $3.3 million. How will Biden respond 😁
🔹 Top 3 in 24 hours:
Stacks - $0.2758 (↑3.75%)
Chiliz - $0.1417 (↑3.16%)
Bitcoin SV - $48.10 (↑1.52%)
Buying BTC now is more profitable than in 2015 🤑
This conclusion can be drawn from the analysis of the Bitcoin Realized Cap HODL Waves chart.
Every bitcoin purchase doubles after 210,000 blocks (4 years) 👆
Especially if you do not forget to fix, otherwise the current bear has already canceled some of the unbreakable BTC rules.
Just-In: Tether CTO Criticizes Coinbase For Asking Users Convert USDT To USDC
https://bit.ly/3FFOzsA
Alameda's Biggest Investment 📊
• HOLE - $67.5 million.
• Polygon — $50 million.
• NEAR (FTX) — $50 million.
• Port Finance - $33.5 million.
• NEAR (Alameda) — $30 million.
• MINA - $20 million.
• Fuel — $15 million.
• 1Inch - $10 million.
• Secret Network - $10 million.
• Euler - $5.6 million.
Ethereum will be rocked again 📈
There was an Ethereum fork in September, but the bear market didn't let the charms of this update be fully felt. A few triggers under which ETH could plummet until mid to late March 2023:
- Deflation - Ethereum network activity has increased over the past week. Gas is holding above 15-17 Gwei. In a week, this will lead to deflation of ETH since the move to PoS, which will attract even more investor attention.
- There will be a Shanghai update in March, which will open the Ethereum stacking withdrawal. ETH could be hyped under this event, as it was before the fork in August.
- L2 blockchain hype growth. The number of active addresses on Arbitrum and Optimism is growing. TVL is on the rise. The popularity of superstructures will affect the growth of Ethereum itself.
- The resurgence of NFT. Trading volumes on Opensea are at a local bottom. But there are prerequisites for an NFT season from BAYC, Azuki, Memeland and other collections.
Important! The Fed is still planning to raise rates = strangle the economy. So don't expect a quick reversal, buy back only on pullbacks.
Breaking: Coinbase CEO Brian Armstrong Announces 20% Additional Layoff
https://bit.ly/3QwAW2I
🔹 Main Events:
🦅 The Fed will not cut the rate during 2023 and may raise it even more. These are the conclusions that can be drawn from the minutes of the last meeting of the regulator, but so far the markets do not believe in it.
🇪🇺 Inflation in the EU began to decline and amounted to 9.2% in December. The fall in oil prices and an abnormally warm winter helped. But the ECB is not going to slow down on tightening monetary policy.
⚒ Unemployment in the US is declining and this was seen as a good sign to avoid a recession. We will see...
🔹 Summary:
Optimists picked up at the end of the week and already 17% believe that on February 1, the Fed will not raise the rate at all. Next week, US inflation data will be released and the reporting season will start. Depending on these data, the position of the optimists may strengthen or the pessimists will seize the initiative.
🔹 Сourses:
📉 S&P 500 - 3,895 (↑1.98%)
🌕 Gold - $1,865 (↑2.35%)
⚫️ Oil Brent - $78.56 (↑8.57%)
💵 USD INDEX - $103.91 (↑0.40%)
The CEO of Bitcoin decided to fix the BTC price at $16,800 and make Bitcoin a stablecoin 🙃
“High volatility has been a problem for BTC. To be in line with the function of money, we have made the decision to stabilize the price until the next halving,” commented the CEO of Bitcoin.
Here are the statistics on the percentage of staff cuts of various cryptocurrency companies in 2022. For example, the management of the Coinbase exchange laid off 18 percent of employees, and Kraken - 30.
Читать полностью…📜 Results of the year from CZ:
🔸 Demand and interest in digital assets remain robust. Many traditional companies continue to adopt crypto: KPMG, JPMorgan, Rakuten, CVSHealth, Tencent, Fidelity, Baidu, Tesla, Cloudfare, PayPal...
🔸 New standards for security and transparency. Binance will continue to work even closer with regulators and law enforcement agencies around the world in the name of blockchain adoption and education.
🔸 The crypto industry will be moving away from the collapse of FTX for a long time to come. Liquidations are still happening due to the domino effect, but crypto prices are “incredibly resilient.”
🔸 CZ expects a bull market in 2023-2024, but claims that the exact time is impossible to guess. Binance will focus on development, innovation, and improving transparency standards in the crypto industry.
In general, everything and nothing in particular. But the specifics with the current macroeconomics and the crypto market are not enough. Therefore, in 2023, the task is to survive.
What are your predictions for 2023?
This is what happens when you store assets NOT in the native blockchain, but in the Solana network 🙃
Читать полностью…Close futures for Waves 👀
Sasha Ivanov, CEO of Waves, calls on all centralized exchanges to remove futures for the Waves token. He explains this by the fact that futures are a hotbed of FUD, where shortists make money on the fear and doubts of investors.
On the other hand, no one bothers to use shortists as fuel for growth. With such a pace, it is possible to prohibit selling, because sellers are also dumping the price...
The number of requests for certain information from cryptocurrency exchanges by law enforcement increased by 66 percent compared to the previous year.
Читать полностью…MetaMask has partnered with PayPal 🤝
US Metamask users will be able to buy ETH to their wallet directly from PayPal. MetaMask will be the first Web3 wallet to use PayPal.
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Bitcoin investors recorded a loss of $213 billion over the past year 🐹
For comparison, in 2018-2019, the realized loss of investors amounted to $56 billion, and the profit was 2 times more. The ratio is the same as in this cycle.
That is, on average, on a "bear" investors lose half of their real earnings during a bullish trend 🙉
Thanks to the analysts for another BTC buy signal. Historically, this has been done when short-term owners have had a better entry price than long-term owners. Maybe at least it will work 😇
Optimists are waiting for the end of the global economic recession against the backdrop of anticipating the lifting of covid restrictions in China. And pessimists point to the future collapse of the S & P 500 due to the actions of the Fed in the US. Meanwhile, BTC has reached $17,300, the crypto market is still betting on the Chinese 😎
The media in the morning decided to spoil the mood of the bulls and counted $ 1.8 billion in debt from the almost bankrupt Genesis and this figure could grow. It is obvious that DCG cannot save its subsidiary, funds have not yet been attracted from external sources and the best option for the market is so that the fall of Genesis does not hurt Grayscale from their $10 billion in BTC. So far, no one is particularly scared 😊
🔹 Top 3 in 24 hours:
Cronos - $0.07187 (↑12.21%)
Litecoin - $83.00 (↑7.99%)
Celo - $0.69 (↑7.68%)