🇪🇺🏦 German DekaBank received a banking license for storing cryptocurrency from the country’s regulator BaFin and the European Central Bank (ECB).
Читать полностью…🔓📝 Upcoming major unlocks next week:
#IMX 1.45% ($35,06M) - Dec. 27
#ADA 0.05% ($16,37M) - Dec. 26
#ENA 0.44% ($12,86M) - Dec. 25
#YGG 3.43% ($7,14M) - Dec. 27
#EIGEN 0.61% ($5,47M) - Dec. 24
#FET 0.13% ($4,48M) - Dec. 28
#AGIX 2.35% ($4.41M) - Dec. 28
🎢🤔 Centralized Exchange Leverage Risks Amid Bull Run
CryptoQuant analyzed crypto exchanges' leverage ratios (open interest vs. reserves) to assess liquidity and default risk. Key Findings:
▪️ Binance: Maintains strong reserves with the lowest leverage ratio among major exchanges (12.8 in Dec 2023 to 13.5 in Dec 2024), despite a 2.6x rise in Bitcoin open interest ($4.45B to $11.64B).
▪️ Smaller Exchanges: OKX also shows low leverage.
▪️ High-Risk Exchanges: Gate, Bybit, and Deribit have leverage ratios of 106, 86, and 32, with open interest exceeding or nearing reserves.
Monitoring leverage is critical, as high leverage contributed to the FTX collapse in Nov 2024, where reserves fell to zero while open interest stayed high.
🗣 #BTC BlackRock CEO Larry Fink admits that he was a Bitcoin skeptic and he was wrong:
I believe Bitcoin is a legitimate financial instrument.Читать полностью…
📊👀 #BTC IntoTheBlock: 2024 can be marked as the year of Bitcoin dominance. The largest crypto asset has largely outperformed the rest of the market; both on the way up and during corrections this year.
Читать полностью…🇺🇸👀 Biden signed bill on a temporary budget, ending the formal shutdown of the federal government. #macro
Читать полностью…📊😱 #BTC Supply held by Short-Term Holders (STH) hits 5,439,700 BTC — the highest level in 40 months.
Key takeaways:
▪️ STH Supply typically rises during bull runs.
▪️ The multi-year downtrend in STH Supply has ended.
📊🤔 #BTC C.Q.: The current Open Interest (OI) volume in BTC is higher than during the 2021 bull cycle and comparable to the 2022 bear cycle.
Let me emphasize once again: traders have become more cautious and less willing to take risks.
By the way, in a bear market, OI tends to grow because shorting BTC during a bear market can be just as rewarding as buying coins at the bottom on spot and selling them at the cycle's peak.
🇬🇧👀 Google announced that advertisers who want to promote crypto exchanges and software wallets in the United Kingdom must be registered with the FCA.
Читать полностью…📊💸 #BTC Over the past 7 days, long positions worth $216M were liquidated on the top three exchanges: Binance, ByBit, and OKX.
This represents nearly 15 times fewer liquidations compared to the 2021 liquidation cluster.
🤔 #ETH Ethereum fees have declined by 80% in ETH terms over the past three years, leading to less ETH being burnt.
Читать полностью…🇫🇮⛏️ #BTC The Marathon Digital miner provides heating for ~80,000 Finnish homes using the heat generated during mining. #mining cryptoslate
Читать полностью…🐹👀 #HMSTR Hamster Kombat: The second season will begin with three games. Closed beta testing has started twitter
Читать полностью…📊👀 #BTC Over $5.72 billion in Bitcoin profits were realized during the recent price correction.
Читать полностью…📈 #HYPE Yesterday, Hyperliquid contract trading volume reached $11.5 billion, while liquidations reached $1.32 billion, both setting new all-time highs.
Читать полностью…🐳📈 #ETH Whales bought 340,000 ETH in the last 96 hours, worth more than $1 billion.
Читать полностью…🗓 Major Upcoming Events in December
#SOON #SOL #PEN #SYNTH #JOC #BLADE #CLAY #BONK #ORI #ELF #USDT #ARTY #SWELL #AIXBT
🇺🇸🤔 CEO CQ: Strategic #BTC Reserves could help offset U.S. debt
In 15 years, $790B in capital inflows boosted Bitcoin’s market cap to $2T. This year, $352B added $1T.
Designating Bitcoin as a strategic asset could offset 36% of U.S. debt by 2050, requiring 1M BTC. While foreign creditors (30% of debt) may resist, the strategy remains practical as it doesn’t rely on full Bitcoin settlement.
🗣 #ENA Arthur Hayes: The performance of Ethena Labs is impressive. If DeFi protocols don't integrate #USDe or sUSDe, it could be their downfall.
Читать полностью…📊🗣 #BTC has enjoyed quite the journey in 2024's final stretch. The following graphic from Santiment shows the crypto community's mentions across X, Reddit, Telegram, 4Chan, BitcoinTalk, and FarCaster related to:
🟨 Bitcoin at $90K
🟥 Bitcoin at $100K
🟦 Bitcoin at $110K
📊🤔 #BTC C.Q.: The funding rate is currently positive but remains significantly lower than the peak levels seen in 2021. Despite this, bullish liquidations remain low compared to similar funding rate periods in 2021.
This suggests that traders are less active and are avoiding the high-risk behavior observed in the past. I’d even say they are more cautious.
🥳 #ETH #ETF SEC Commissioner Hester Pierce said she is open to reconsidering the possibility of Bitcoin and Ethereum ETFs being redeemed in kind (in the underlying assets, not in $) and staking.
Читать полностью…📊📈 #BTC C.Q.: Bitcoin demand is surging
OTC desks are experiencing their largest monthly inventory decline of 2024, down 26k BTC. Total balance has dropped 40k BTC since Nov 20, tightening supply.