Is #Bitcoin hammering out a bear market bottom?

Our latest video report is live and covers:
- Pricing models of past cycle floors
- Supply redistribution since June lows
- Profitability of various $BTC cohorts

Watch our latest report

The #Bitcoin seller exhaustion constant has recorded the lowest value since November 2018.

This metric reaches such levels when volatility is low, but losses realized on-chain are high.

6-of-7 similar levels in the past preceded volatility to the upside

Live Chart

Design inspired by @DeCenter

Design inspired by @DeCenter

#Bitcoin faces strong resistance as it approaches several key on-chain cost basis.

With early signs pointing to a shift in demand, the #Bitcoin holder-base is slowly but surely becoming saturated by those with the strongest resolve.

Read more in The Week On-chain

Here is the list of the Telegram channels we daily monitor (rank by priority):

Blockchain general news in Russian 🇷🇺

https://t.me/DeCenter

https://t.me/Coin_Post

Blockchain general news in English 🇺🇸

https://t.me/glassnode

https://t.me/cbinsider

https://t.me/ico_analytic

https://t.me/crypto_fundraising

Trading news 📈📉

https://t.me/CryptoTrades

https://t.me/oliverstrade

https://t.me/CryptoScanner100eyes

https://t.me/whale_alert_io

https://t.me/lunarcrush

https://t.me/rektnews

https://t.me/Facebook_Metaverse_Nfts

Crypto projects announcements 📣

https://t.me/Ultra_ann

https://t.me/uniris_ann

https://t.me/iexec_announcements

News en français 🇫🇷

https://t.me/TheCryptomath

🚴 Be careful with your money 🧗

🌪 The cryptocurrency market is highly volatile 🌊

If you are new to deep trading, price doesn't matter and you can have fun buying during deep retracements 📉

If you are just starting out in trading, force yourself to do paper trading during the period of your choice.
In parallel, do DCA and invest for example 100€ / month at a fixed date 📈

Keep a long-term view of this market and don't let your emotions get the better of you at any time, set a plan and stick to it 📌

Our latest video report covering the Fall of the #FTX Empire is live.

We cover:
- Relationship between FTX, Alameda and Binance.
- Token composition of multi-billion USD transfers.
- The collapse of FTX during the bank run.
- Reaction of #Bitcoin holders

Watch our latest video report on the collapse of FTX.

📣📣 COIN BUREAU NEWSFLASH! – (10/11/22)
Here are some of today’s most important headlines:

1️⃣ FTX Warns of Bankruptcy Without Rescue for $8 Billion Shortfall After Binance Backs Out 🥶

According to reports, FTX CEO Sam Bankman-Fried (SBF) has informed FTX.com investors that the firm faced a shortfall of $8 billion and would have to file for bankruptcy if it did not receive any financing. SBF stated that the firm needs at least $4 billion to remain solvent. FTX is currently attempting to raise rescue financing in the form of debt, equity, or a combination of the two, a person with direct knowledge of the matter said.

After conducting due diligence, crypto exchange Binance has also stated that it is backing out from its FTX acquisition plans. Some of FTX’s equity investors include Sequoia Capital, BlackRock Inc., Tiger Global Management and SoftBank Group Corp. Sequoia has written down the full value of its holdings in FTX.com and FTX.us, indicating that the firm sees no clear path to recouping its investment.

https://www.bloomberg.com/news/articles/2022-11-09/ftx-investors-told-that-without-more-capital-bankruptcy-likely

2️⃣ SEC, DOJ Investigating Crypto Platform FTX ⚖️

According to the Wall Street Journal, the US Department of Justice has joined the US Securities and Exchange Commission (SEC) in its investigation into the crypto exchange FTX.

The SEC has been investigating FTX’s US subsidiary, FTX.US, on unregistered securities listings for the past few months. It is now expanding that investigation to look into the extent of its relationship with parent company FTX. SEC officials have contacted company lawyers to request more documents pertaining to the relationship between FTX.US and FTX which is based in the Caribbean. They have also sought information about ties between FTX’s crypto exchange and its founder’s trading firm, Alameda Research.

https://www.wsj.com/articles/sec-investigates-crypto-platform-ftx-11668020379

3️⃣ Twitter Subsidiary Registers as Money Services Business with FinCEN 🧐

According to a registration filed this month with the U.S. Financial Crimes Enforcement Network (FinCEN), social media giant Twitter has applied to become a money service business. It created a subsidiary named “Twitter Payments LLC” that filed an application to be a money transmitter on November 4, 2022. According to the application, the firm plans to conduct money services in the US and several of its international territories.

https://decrypt.co/114057/twitter-registers-payments-business-musk-dogecoin-gains

4️⃣ Crypto Compliance Firm TRM Labs Raises $70M in Expanded Series B Round 💰

According to an announcement from TRM Labs, the crypto compliance firm has raised $70 million in an expanded Series B funding round, bringing the total raised to $130 million. The funding round was led by private equity firm Thoma Bravo and saw participation from Goldman Sachs, PayPal Ventures, Amex Ventures and Citi Ventures. The expanded round follows TRM’s $60 Million Series B raise in December 2021 led by Tiger Global.

TRM CEO Esteban Castaño stated,

“Demand has never been stronger for solutions that help protect crypto users, impede illicit actors, and support blockchain-based innovation. As the industry continues to mature, TRM is setting the standard for data, products, and training that equip enterprises and governments to combat fraud and financial crime, even as new threats emerge.”

https://www.theblock.co/post/184615/thoma-bravo-70-million-trm-labs

5️⃣ OpenSea To Enforce Creator Royalties on All Collections After Community Outcry 🙌

Earlier this week, OpenSea made an announcement regarding its launch of an on-chain tool to enforce creator royalties for new NFT collections and stated that it was considering options that included “allowing optional creator fees” for its older collections.

This invited significant backlash from its community and has prompted OpenSea to confirm that it will “continue to enforce creator fees on all existing collections” as well. A tweet posted by OpenSea stated,

“We’re awed by the passion we’ve seen from creators and collectors alike this week. We were looking for your feedback, and we heard it, loud and clear [...] We’re at a collective inflection point: if everyone left in this ecosystem who believes that creator fees are important to our future links arms on this, we WILL ensure that fees are durable.”

https://cointelegraph.com/news/opensea-to-enforce-creator-royalty-on-all-collections-after-community-outcry

6️⃣ FTX Used Customer Funds Among Other Assets to Prop Up Alameda Research in May: Reuters ❗️

According to a Reuters report, Sam Bankman-Fried transferred at least $4 billion in FTX funds backed by assets including the crypto exchange's FTT token and shares in the trading platform Robinhood Markets Inc (HOOD) to support Alameda Research, which held almost $15 billion in assets, after the trading firm suffered a series of losses from deals. One of these losses includes a $500-million loan agreement with failed crypto lender Voyager Digital.

https://www.reuters.com/technology/exclusive-behind-ftxs-fall-battling-billionaires-failed-bid-save-crypto-2022-11-10/

​​Binance has shared the list of its hot and cold wallets. According to the blog post a total of around $70B is held in BUSD, USDT, BNB, BTC, ETH & USDC.

What a week it was last week...🤑
An amazing time to buy the dip 👌
What is your opinion about the current price? Please tell us in the comment of this post which coins you look after during this period and why. 🧸
--
Design inspired by @DeCenter

With the devastating collapse of #FTX, the industry has experienced the most shocking insolvency since Mt Gox

In this report, we analyze:
- #FTX bank run
- #Bitcoin holders seeking safety in self-custody
- Response of Bitcoins strongest hands

Read more in The Week On-chain

In direct response to the failure of FTX, #Bitcoin investors, of all wallet cohorts, have made a distinct behavioural shift towards self-custody.

From Shrimp, to Whales, #Bitcoin on-chain balances are on the rise🔵

Read more in The Week On-chain

The 100eyes scanner still does its job 🔥 Spotted this beautiful 1H bullish divergence and alerted our Premium members. XRP bounced 21% after the alert 👍🏻

Do you want to receive these alerts for other coins as well? Try our Premium scanner for free for one day 🙂 Talk to our bot to become premium member or get a 24h free trial! Make sure to use the right commands.

​​Following FTX collapse decentralized wallets are gaining momentum.

The FTX saga is moving so fast that the news just covered in my weekly update is probably already stale.

However, I thought I would do a quick clips update for you folks.

It gets crazier by the hour!

https://youtu.be/S6rDVvN1Jh0