😨📉 #BTC #ETF ProShares Bitcoin Strategy fell 17.5% and iShares Bitcoin Trust fell 17.7%.
G7 stock prices also fell sharply on the US stock market, with $1.3 trillion of their combined market value evaporating.
MicroStrategy shares fell more than 23%, Coinbase fell more than 18%.
🕵️♂️👀 #ETH 0xscope: Since August 3, the top five market makers have transferred a total of over 130,000 ETH directly or indirectly to the CEX.
Читать полностью…🇺🇸🗣 #macro Goolsby from the Fed:
- Employment data is lower than expected, but does not yet show signs of recession;
- The Fed’s task is not to respond to employment data for one month;
- If the economy worsens, the Fed will take steps to restore it;
- Presented the Fed were discussing an emergency rate cut.
Meanwhile, according to FedWatch, the market assumes a 100% probability of a rate cut by 50 bp. for the September meeting
🔝 Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 #ORI pooled.
🇬🇧🏦 Xapo Bank enters the UK market and becomes the first bank in the country to offer a combined interest-bearing bank account in $ and #BTC. cointelegraph
Читать полностью…💰 #AAVE Founder of Aave: Aave received income of $6 million from processing liquidations online.
One WETH position worth $7.4 million was liquidated, generating $802,000 in revenue for Aave
📉👀 Cryptocurrency market capitalization experienced its largest daily drop since 2022. theblock.com
Читать полностью…🗣 #ETH Vitalik Buterin: I think people will be surprised by how quickly "cross-L2 interoperability problems" stop being problems and we get a smooth user experience across the entire ethereum-verse (incl L1, rollups, validiums, even sidechains). I'm seeing lots of energy and will to make this happen.
Читать полностью…🍿👀 #BNB CEO Binance: The recent sharp drop in the crypto market does not represent a long-term negative trend. Given the potential for Fed rate cuts and geopolitical volatility, there is still significant potential for market volatility.
Читать полностью…🕵️ Justin Sun took a hit of ~$280M as #ETH nosedived by 20%
Since Feb 8, 2024, he reportedly accumulated 377,590 ETH (est. cost: $1.15B) via 3 wallets. But now ETH is trading well below his average buying price of $3,051.
📊 Report CoinShares on financial flows in crypto over the last week:
Last week, investment products in digital assets showed an outflow of $528 million.
#BTC - outflow of $400 million.
#ETH - outflow of $146 million.
📉 #BTC dropped over 16% in the last 24 hours, breaking below the $57K support level
This breach suggests a possible drop to $40K
Currently, traders are facing their most negative unrealized profit margins since November 2022
📉🤔 #BTC's volatility has been low in July
However, August is shaping up to be a different beast due to the market selloff following last week's disappointing job market numbers.
We're finally seeing those rate cuts, but not because the Federal Reserve is achieving a soft landing.
As we've discussed before, a sustained increase in the unemployment rate consistently comes at the start of US recessions. So there are real reasons for concern now.
🙋♂ #GMX DAO offers integrate zero slippage into V2 and more closely align the GMX trading engine with the traditional order book
Читать полностью…🤬📉 Shares of MicroStrategy (#MSTR) and Coinbase (#COIN) fell 24% and 18%, respectively, in premarket trading.
Читать полностью…🗣👀 Bernstein remain optimistic regarding #BTC's long-term prospects: "We do not see any additional negative factors for the cryptocurrency. Institutional adoption trends for Bitcoin—ETF inflows and approvals from banks and payment processors—remain flat."
Читать полностью…🇺🇸🙅🏽♀️ The meeting between Kamala Harris' campaign team and "crypto industry leaders" has been postponed for unknown reasons. A new date has not yet been announced. x.com
Читать полностью…🧯🆕 #MAX Matr1x: 200 million MAX tokens were burned, which is 20% of the total supply.
Читать полностью…🕵♂🐳 Since July 16, whale 9dZAPP...dnzAz3 has withdrawn a total of 1.035 million #SOL (~$120 million) on Coinbase Prime. solscan
Читать полностью…🕵️♂️ #TRX #ETH New address believed to belong to Justin Sun spent 37 million #USDT to buy 16,236 #ETH in the last 3 hours.
Читать полностью…📊 IntoTheBlock: Volatility and lower liquidity make it harder to perform liquidations profitably
Liquidations are taking longer than usual to execute in the current market
Using #Aave v3 on mainnet as a bellwether for lending markets, >20% of liq vol took 60+ blocks to complete
Liquidations are taking longer in protocols with alts and #ETH derivatives that are not #stETH
📉 As #BTC's price fell to $50k, the percentage of holders in profit dropped to 75%
This level was last seen in January when prices formed a local bottom around $39k
🎢👀 #BTC MVRV Ratio (30D) hasn't been this low since November 2022, right after the FTX collapse. That period marked a bottom and an excellent buying opportunity.
Читать полностью…🍿🗣 #TRX Justin Sun continues: Don't worry! The industry has grown significantly over the past year, and this market fluctuation isn't due to negative news. We should reject #FUD and keep building. That's why we're creating a $1 billion fund to combat FUD, invest more, and provide liquidity.
Читать полностью…📊👀 #BTC’s Funding Rate Turning Negative
August (and September) are historically months of decline for Bitcoin, and this year appears to be following that trend.
Significant fluctuations in Bitcoin futures positioning propelled prices upward in May and July. However, with the funding rate now negative, the market is experiencing a downturn.
Despite this, current positioning remains high at $17.8 billion, compared to $16.0 billion in May and July, indicating the potential for more liquidations before any rebound occurs.