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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
🕵️♂️ BlockFi transferred 12,067 #ETH (~$31.69 million) to Coinbase Prime.
Previously: BlockFi will distribute crypto assets to users through Coinbase.
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🇸🇬🥳 Fly Wing, a subsidiary of Matrixport, received In-principle approval from the Singapore regulator.
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🇺🇸 #BTC Florida CFO suggests using BTC to diversify public pension funds. cryptobriefing
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⚠️💩 X Renzo's account is believed to have been hacked.
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🍿🥳 Elon Musk said that X is developing video monetization features for creators, intending to compete with YouTube.
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🤝 Visa cooperate from Coinbase.
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📊📈 #BTC is near a fresh ATH. Under a valuation perspective $84K would be the next target (the "upper" band).
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💸 $215 million in short positions liquidated over the past 24 hours
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💵 💵 💵 1,000,000,000 #USDT (999,750,000 USD) minted at Tether Treasury
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🎢🤔 #BTC is in a very healthy position on-chain
While BTC is trading at similar levels to 2021 and earlier in 2024, the network’s underlying value has increased from $14,000 to $22,000 and from $26,000 to $33,000.
The price-to-average network value multiple for Bitcoin has halved, from 3.98x at the beginning of 2021 to 2.12x today. This decrease in the multiple suggests a strong, stable foundation for future growth rather than an overheated market poised for profit-taking.
There is currently much less unrealized profit in the market, indicating we are in the early-to-mid stage of a bull market, even though BTC is still trading around the $70,000 level.
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🙅♂👀 #DYDX fired 35% of their employees
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🗽👀 #ACH Alchemy Pay expands the scope of payments, having received New Mexico money transmitter license
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🔝 Top exchanges by weekly visits
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🍿🙅♂️ DWF Labs: We are aware of the recent and deeply concerning allegations involving one of our partners, who has been accused of inappropriate and unacceptable behaviour. While the matter is under investigation, DWF Labs has decided to dismiss the said partner from management and operational roles effective immediately.
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📈 #SUI leads today's net inflows with $24.6M
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🚬 #TON OKX Ventures, The Open Platform and Folius Ventures announced on a partnership to launch a $10 million Telegram Growth Hub to spur innovation on the TON blockchain.
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📈🤑 #BTC #MSTR MicroStrategy has made more than $8.4 billion in profits from its position in Bitcoin
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🇨🇦 Canadian Sol Strategies sold #BTC and increased their assets for 12,389 #SOL.
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📈 #BTC #ETH #ETF Yesterday, the total net inflow of spot BTC-ETFs was ~$870.02 million.
Total net inflows of spot ETH-ETFs were ~$7.65 million. #CryptoETF
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⚠️💩 Keystone wallet X-account was hacked, do not follow the links.
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⛏️ #BTC One person independently mined a block of Bitcoin using FutureBit hardware. Apollo running at 6-10 TH/s, a self-hosted node and custom stratum software.
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🥳👀 #BTC #ACH Protocol Village: Alchemy, a platform for blockchain developers, gets its first Bitcoin-focused project with Rootstock integration coindesk.com
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JUST IN: 🇺🇸 🪙 Florida State's Chief Financial Officer endorses a ‘Strategic Bitcoin Reserve’.
"Bitcoin is often called “digital gold,” and it could help diversify the state’s portfolio and provide a secure hedge against the volatility of other major asset classes".
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🙋♂👀 #USDC Circle raises fees amid Fed rate cut
For stablecoin operators, falling interest rates mean less income from the cash reserves backing their tokens. theblock
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🎁👀 #FIL Glif, the largest #DeFi protocol on the Filecoin network, is preparing to release its own token #GLIF. The total supply of GLIF tokens will be 1 billion, of which 10% (100 million tokens) will be allocated for airdrop.
Airdrop recipients can access 25% of their tokens immediately, while the remaining 75% will be distributed linearly over 180 days. theblock
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🤝👀 #SOL VanEck cooperates with Kiln to support institutional staking SOL.
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🍿⚖ On Twitter they believe that The "partner" is DWF founder Euguen Ng (also a co-founder of OpenEden), as the company removed him from its team page.
He is accused of allegedly trying to slip “some kind of substance” into a girl (an employee of an unnamed foundation), with whom he was sitting in a restaurant, and then trying to “drag her into his apartment” and promising “insider information” if the girl was “ communicate well with him."
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📊 #BTC C.Q.: Short-term holder SOPR suggests upside
Currently, despite Bitcoin reaching $70k, the value of this indicator is 1.017%, indicating that short-term holders are realizing some profits and are not yet overheating.
📈🤔 #BTC TVL Breaks ATH
According to Defillama, Bitcoin TVL has grown by 183% over the past month. This increase is partly due to the growing adoption of the Lombard, Lorenzo Protocol, and pStake Finance protocols, demonstrating interest in products that provide Bitcoin staking.
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🤑 All #BTC holders are currently in profit
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