Summary of the day, February 1
🏎 Tesla's SEC filing shows bitcoin fair market value of $191 million: Tesla’s latest filing with the U.S. Securities and Exchange Commission (SEC) shows that the fair market value of the company’s bitcoin holdings was $191 million at the end of 2022. In addition, billionaire Elon Musk’s electric car company recorded $204 million of impairment losses resulting from changes in the prices of bitcoin.
💰 82% of millionaires ask about putting crypto in their portfolios, survey shows: Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they don’t want to be left in the past,” the firm’s chief executive said.
🏦 Alameda Research seeks $446 million over alleged ‘preferential transfers’ to Voyager Digital: On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC.
🏎 Tesla's SEC filing shows bitcoin fair market value of $191 million: Tesla’s latest filing with the U.S. Securities and Exchange Commission (SEC) shows that the fair market value of the company’s bitcoin holdings was $191 million at the end of 2022. In addition, billionaire Elon Musk’s electric car company recorded $204 million of impairment losses resulting from changes in the prices of bitcoin.
💰 82% of millionaires ask about putting crypto in their portfolios, survey shows: Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they don’t want to be left in the past,” the firm’s chief executive said.
🏦 Alameda Research seeks $446 million over alleged ‘preferential transfers’ to Voyager Digital: On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC.
Forwarded from Glassnode
#Bitcoin markets have seen the strongest monthly price performance since Oct-2021.
This rally is fuelled by both spot demand, and a sequence of short squeezes
We explore these dynamics across derivatives markets, and spot exchanges in our latest edition of The Week On-chain.
This rally is fuelled by both spot demand, and a sequence of short squeezes
We explore these dynamics across derivatives markets, and spot exchanges in our latest edition of The Week On-chain.
Forwarded from Glassnode
Our latest Week On-chain Video report is live.
In this report, we analyze the #Bitcoin rally above $23k from the perspective of:
- Three Waves of Short Squeezes
- Leverage in futures markets
- Spot Exchange $BTC flows
- Average acquisition prices
Watch the latest edition of The Week On-chain
In this report, we analyze the #Bitcoin rally above $23k from the perspective of:
- Three Waves of Short Squeezes
- Leverage in futures markets
- Spot Exchange $BTC flows
- Average acquisition prices
Watch the latest edition of The Week On-chain
YouTube
The Week On-chain: Shorts Squeeze off Spot Demand - Week 5, 2023 (Bitcoin Onchain Analysis)
🐻 Recovering From a Bitcoin Bear Dashboard: https://glassno.de/recoveringbear
🚀 Start your Glassnode Advanced free trial today: https://glassno.de/3QFXu0S
🏦 Exchanges Dashboard: https://glassno.de/3RimWJY
💸 Realized Profit Loss Dashboard: https://glassno.de/3H6c8dz…
🚀 Start your Glassnode Advanced free trial today: https://glassno.de/3QFXu0S
🏦 Exchanges Dashboard: https://glassno.de/3RimWJY
💸 Realized Profit Loss Dashboard: https://glassno.de/3H6c8dz…
Forwarded from ICO Analytics (StandWithUkraine 🇺🇦)
January 2023 performance: layer 0, layer 1 coins.
Forwarded from ICO Analytics (StandWithUkraine 🇺🇦)
Bitcoin had the best January performance since 2013. BTC has started this year with +40%.
Daily Market Brief - 06.02.2023
Market glance
Total market cap / 24h chg: $1,063,417,565,731 / -1.18% 🟥
BTC Dominance / 24h chg: 41.5% / -1.43% 🟥
The market fears a recession in the US, which the Federal Reserve's interest rate hikes may not be able to prevent. The absence of a "soft landing" on inflation also raises concerns of a retest of the Bitcoin price at $20,000. The market is closely monitoring the Consumer Price Index (CPI) data for January, as it may impact the US dollar and the risk asset rally. The market participants also expect a flip from the rebound in crypto and stocks this year to a bearish trend, with a continuation of the downward trend on the markets. The US Dollar Index's drop of 13% since mid-2022 is causing market uncertainty, and its future consolidation might be a source of volatility for the market.
Market glance
Total market cap / 24h chg: $1,063,417,565,731 / -1.18% 🟥
BTC Dominance / 24h chg: 41.5% / -1.43% 🟥
The market fears a recession in the US, which the Federal Reserve's interest rate hikes may not be able to prevent. The absence of a "soft landing" on inflation also raises concerns of a retest of the Bitcoin price at $20,000. The market is closely monitoring the Consumer Price Index (CPI) data for January, as it may impact the US dollar and the risk asset rally. The market participants also expect a flip from the rebound in crypto and stocks this year to a bearish trend, with a continuation of the downward trend on the markets. The US Dollar Index's drop of 13% since mid-2022 is causing market uncertainty, and its future consolidation might be a source of volatility for the market.
Summary of the day, February 6
🇷🇺 Russia’s largest private Bank launches digital asset platform: Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week.
🪙 Meme coin economy swells by $5.8 billion in less than a month, suggesting demand for meme tokens still high: The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan. 9, 2023, the overall value of the meme token economy has increased by $5.8 billion.
🎴 NFT market remains resilient with 1.23% increase in sales, Ethereum dominates with 81% of total NFT settlements: Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81% of total sales last week with $188.51 million in NFT sales.
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👉 Source: https://www.taurushq.com/
🇷🇺 Russia’s largest private Bank launches digital asset platform: Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week.
🪙 Meme coin economy swells by $5.8 billion in less than a month, suggesting demand for meme tokens still high: The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan. 9, 2023, the overall value of the meme token economy has increased by $5.8 billion.
🎴 NFT market remains resilient with 1.23% increase in sales, Ethereum dominates with 81% of total NFT settlements: Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81% of total sales last week with $188.51 million in NFT sales.
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👉 Source: https://www.taurushq.com/
Forwarded from Glassnode
After the powerful #Bitcoin rally in Jan, several on-chain oscillators have returned to an equilibrium position.
This aligns with observations from previous bear markets, where a turning of the market tides was underway.
Read more in our latest The Week On-chain newsletter
This aligns with observations from previous bear markets, where a turning of the market tides was underway.
Read more in our latest The Week On-chain newsletter
Forwarded from ICO Analytics (StandWithUkraine 🇺🇦)
Top 20 most discussed cryptocurrencies on Twitter in January 2023. In the chart below you can find a share of mentions of each coin among top 150 coins by market cap.
Forwarded from myDid announcement
🇬🇧 Most of myDid team members are at the office this week to prepare future events and discuss about the project's evolution.
Welcome aboard this new official announcement channel 😎
🇫🇷 Une partie de l'équipe myDid est au bureau cette semaine pour préparer les futurs événements et discuter de l'évolution du projet.
Bienvenue à bord de ce nouveau canal d’annonces officielles 😎
Welcome aboard this new official announcement channel 😎
🇫🇷 Une partie de l'équipe myDid est au bureau cette semaine pour préparer les futurs événements et discuter de l'évolution du projet.
Bienvenue à bord de ce nouveau canal d’annonces officielles 😎