🥳 #FRIEND Friend.tech: We have disabled all fees for the BunnySwap, Clubs and v1 smart contract protocols. Additionally, we will not be moving to another network.
🥳💰 DWF Labs starts up $20 million Cloudbreak crypto fund focused on Chinese projects.
📊 #DYDX semi-annual report: Trading volume reached $166 billion, $32 million paid to stakers and validators.
🕵️♂️🐳 20 minutes ago whale transferred 1800 #BTC ($106 million) on Binance.
In total, over the past week, the whale contributed 5,281 BTC ($323 million) to Binance at an average price of $61,196.
He currently has 6,068 BTC ($358 million) in his account.
In total, over the past week, the whale contributed 5,281 BTC ($323 million) to Binance at an average price of $61,196.
He currently has 6,068 BTC ($358 million) in his account.
🕵️♂️ #FET for $6.2 million again transferred on Binance.
🕵️♂️ Uniswap team/investor address transferred 2.35 million #UNI (~$20.2 million) on Coinbase Prime. These UNI were received in September 2020. There are still 6.64 million UNI (~$56.77 million) in the wallet.
📊🗣 #BTC Andrew Kang: Most market participants do not realize the significance of the potential loss of BTC's 4-month range. The closest parallel we can draw is the May 2021 range. Therefore, it is likely that we will see a BTC correction to $40,000, which will take several months to reverse.
📊 #BTC Glassnode: Open interest on CME has fallen by over 40k Bitcoin since ATH. We saw the biggest one-day drop in OI on the CME. Closing futures contracts on CME.
With a 10% funding rate, the basis trade becomes a bit more unattractive
With a 10% funding rate, the basis trade becomes a bit more unattractive
🔮 VanEck estimated possible targets for #BTC and #ETH in the context of market assets similar in capitalization.
For example, Bitcoin, with a compound annual growth rate (CAGR) of 30% until 2030, will reach $350,000 with a capitalization of $6 trillion (50% of gold market cap).
And Ethereum, at a 35% CAGR by 2030, would cost the same as Google ($2.5 trillion and $20,000 per coin).
For example, Bitcoin, with a compound annual growth rate (CAGR) of 30% until 2030, will reach $350,000 with a capitalization of $6 trillion (50% of gold market cap).
And Ethereum, at a 35% CAGR by 2030, would cost the same as Google ($2.5 trillion and $20,000 per coin).
💸 Coinglass: Over the last 24 hours, ~$261.96 million worth of contracts were liquidated, of which ~$231.95 million worth of longs and ~$30.00 million of shorts were liquidated.
📉 Santiment: #BTC has now fallen to a 2-month low, with most altcoins faring far worse. With many traders buying the dip when Bitcoin was nearing $60K, longs have been liquidated aggressively the last couple hours. This goes for other top caps like Ethereum and Solana as well.