Summary of the day, February 20
🎁 Democrats to return 2.2% of $45.2 million donation made by FTX's co-founder Sam Bankman-Fried: After the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), donated $5.2 million to Joe Biden’s campaign in 2020 and more than $40 million to Democrats leading up to the U.S. midterm election cycle, three major Democratic organizations plan to return 2.2% of the funds, or $1 million, to the now-defunct crypto exchange. Of the total $1 million, the Democratic National Committee (DNC) is setting aside $815,000 to return to the bankrupt estate.
💪 Bitcoin continues to record blocks above the 3.75 MB range as ordinal inscriptions near 150,000: As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range. Meanwhile, after the average transaction fee on-chain rose 122% higher at the beginning of February 2023, the average fee has remained the same over the last few weeks and is currently coasting along at $1.77 per transfer.
❌ Binance US refutes reports comparing it to fraudulent crypto exchanges: Binance US has refuted reports that draw parallels between it and “fraudulent exchanges that have gone bankrupt.” The U.S.-based crypto trading platform stressed that “only Binance.US employees” have access to its bank accounts, denying the allegation that global crypto exchange Binance has “secret access.”
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👉 Source: https://www.taurushq.com/
🎁 Democrats to return 2.2% of $45.2 million donation made by FTX's co-founder Sam Bankman-Fried: After the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), donated $5.2 million to Joe Biden’s campaign in 2020 and more than $40 million to Democrats leading up to the U.S. midterm election cycle, three major Democratic organizations plan to return 2.2% of the funds, or $1 million, to the now-defunct crypto exchange. Of the total $1 million, the Democratic National Committee (DNC) is setting aside $815,000 to return to the bankrupt estate.
💪 Bitcoin continues to record blocks above the 3.75 MB range as ordinal inscriptions near 150,000: As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range. Meanwhile, after the average transaction fee on-chain rose 122% higher at the beginning of February 2023, the average fee has remained the same over the last few weeks and is currently coasting along at $1.77 per transfer.
❌ Binance US refutes reports comparing it to fraudulent crypto exchanges: Binance US has refuted reports that draw parallels between it and “fraudulent exchanges that have gone bankrupt.” The U.S.-based crypto trading platform stressed that “only Binance.US employees” have access to its bank accounts, denying the allegation that global crypto exchange Binance has “secret access.”
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👉 Source: https://www.taurushq.com/
February 20, 2023
February 23, 2023
Forwarded from Glassnode
#Bitcoin MVRV Ratio is one of the most popular and widely used on-chain metrics. However, much of the power of MVRV is rarely put to use.
The MVRV can be supercharged, and used to find cycle extremes, market trends, and for early warning of cycle peaks.
In our latest research piece, we explore the #Bitcoin MVRV Ratio from several angles:
- Exploring Extreme Values of the MVRV for spotting cycle tops and bottoms.
- MVRV Momentum and how to use the indicator to track macro bull/bear trends.
- Distribution Divergences showing how MVRV often gives advanced warning of cycle tops that are experiencing heavy distribution (sell-side pressure).
Read more in our latest report, and see all live charts in a newly released dashboard
The MVRV can be supercharged, and used to find cycle extremes, market trends, and for early warning of cycle peaks.
In our latest research piece, we explore the #Bitcoin MVRV Ratio from several angles:
- Exploring Extreme Values of the MVRV for spotting cycle tops and bottoms.
- MVRV Momentum and how to use the indicator to track macro bull/bear trends.
- Distribution Divergences showing how MVRV often gives advanced warning of cycle tops that are experiencing heavy distribution (sell-side pressure).
Read more in our latest report, and see all live charts in a newly released dashboard
February 23, 2023
Forwarded from Glassnode
A set of new dashboards for Mastering the MVRV Ratio are now live for both #Bitcoin and #Ethereum, designed to track market cycles, and extremes.
🟠 Bitcoin dashboard
🔷 Ethereum dashboard
📰 Report on Mastering the MVRV Ratio
🟠 Bitcoin dashboard
🔷 Ethereum dashboard
📰 Report on Mastering the MVRV Ratio
February 24, 2023
Forwarded from Glassnode
Despite an overhang of regulations, the application layer of #Ethereum continues to flourish.
The #NFT market has seen competitor Blur take market share from leader OpenSea, driven by a strategy focused on pro traders.
Read more in The Week On-chain
The #NFT market has seen competitor Blur take market share from leader OpenSea, driven by a strategy focused on pro traders.
Read more in The Week On-chain
March 1, 2023
March 2, 2023
Forwarded from Glassnode
We can model the yearly balance change of #Bitcoin wallet cohorts, and compare to volumes of $BTC mined over the last year.
Both Shrimps (< 1 BTC) and Crabs (1-10 BTC) are at ATH accumulation rates by this metric.
- 🦐 +105% of mined coins
- 🦀 +119% of mined coins
Both of these cohorts have historically been net #Bitcoin accumulators, consistently growing their balance, but also behaving in line with macro cycles.
Of interest is the period from May to December 2021, where Crabs significantly reduced their accumulation until LUNA collapsed
View this metric in our Entity Balance Change Dashboard which is available for our Professional members.
Both Shrimps (< 1 BTC) and Crabs (1-10 BTC) are at ATH accumulation rates by this metric.
- 🦐 +105% of mined coins
- 🦀 +119% of mined coins
Both of these cohorts have historically been net #Bitcoin accumulators, consistently growing their balance, but also behaving in line with macro cycles.
Of interest is the period from May to December 2021, where Crabs significantly reduced their accumulation until LUNA collapsed
View this metric in our Entity Balance Change Dashboard which is available for our Professional members.
March 2, 2023
March 3, 2023
Forwarded from Glassnode
Our latest product update report has been released, covering the major new products shipping so far YTD.
This includes:
📊 47x New metrics for Professionals
🗜 30x New Workbench models
📰 11x Analysis Reports
🪟 9x New Dashboards
📟 1x On-chain Signals
Read more in our latest Product Update Report
This includes:
📊 47x New metrics for Professionals
🗜 30x New Workbench models
📰 11x Analysis Reports
🪟 9x New Dashboards
📟 1x On-chain Signals
Read more in our latest Product Update Report
March 3, 2023
March 6, 2023
Daily Market Brief - 06.03.2023
Market glance
Total market cap / 24h chg: $1,022,107,423,606 / -0.55%
BTC Dominance / 24h chg: 42.30% / +0.48%
While the United States equities markets experienced a robust rebound this week, Bitcoin BTC struggled to catch up, with its value dropping below $22'400. As a result, cryptocurrency investors may have refrained from investing, possibly due to concerns about the persistent issues at Silvergate bank. These apprehensions may have contributed to the significant decline in the total crypto market capitalization, which now stands slightly above $1 trillion.
Market glance
Total market cap / 24h chg: $1,022,107,423,606 / -0.55%
BTC Dominance / 24h chg: 42.30% / +0.48%
While the United States equities markets experienced a robust rebound this week, Bitcoin BTC struggled to catch up, with its value dropping below $22'400. As a result, cryptocurrency investors may have refrained from investing, possibly due to concerns about the persistent issues at Silvergate bank. These apprehensions may have contributed to the significant decline in the total crypto market capitalization, which now stands slightly above $1 trillion.
March 6, 2023
March 6, 2023
March 6, 2023
March 6, 2023
Forwarded from Glassnode
Identification of #Bitcoin cycle extremes is tricky business, but investor behaviors do tend to rhyme each cycle.
Our latest report covers a new dashboard design which tracks cycle extremes via confluence of:
- MVRV
- SOPR
- Puell Multiple
- Reserve Risk
Watch our latest video report, and see our new dashboard for Spotting Cycle Extremes.
Our latest report covers a new dashboard design which tracks cycle extremes via confluence of:
- MVRV
- SOPR
- Puell Multiple
- Reserve Risk
Watch our latest video report, and see our new dashboard for Spotting Cycle Extremes.
March 6, 2023
Summary of the day, March 6
👨⚖️ Ripple CEO warns of harm to crypto industry if SEC wins lawsuit over XRP: The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way to regulate an industry.”
🇺🇸 US prosecutors seek to further restrict former FTX CEO Sam Bankman-Fried's internet access: The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried from using a smartphone with an internet connection. Instead, the disgraced FTX co-founder would receive a government-issued flip phone with disabled internet capabilities.
🇦🇺 Reserve Bank of Australia unveils proposed CBDC use cases: The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers that have been “invited to participate in the live pilot.”
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👉 Source: https://www.taurushq.com/
👨⚖️ Ripple CEO warns of harm to crypto industry if SEC wins lawsuit over XRP: The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way to regulate an industry.”
🇺🇸 US prosecutors seek to further restrict former FTX CEO Sam Bankman-Fried's internet access: The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried from using a smartphone with an internet connection. Instead, the disgraced FTX co-founder would receive a government-issued flip phone with disabled internet capabilities.
🇦🇺 Reserve Bank of Australia unveils proposed CBDC use cases: The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers that have been “invited to participate in the live pilot.”
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👉 Source: https://www.taurushq.com/
March 6, 2023
March 7, 2023
March 7, 2023
Forwarded from Coin Post – Деньги, инвестиции, биткоин
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ETHDenver 2023: это намек 🤔
March 7, 2023
Daily Market Brief - 07.03.2023
Market glance
Total market cap / 24h chg: $1,025,208,533,540 / +0.30% 🟩
BTC Dominance / 24h chg: 42.30% / +0.00% 🟩
Bitcoin is in a transitional phase, facing resistance at $25,000 as it moves out of the bear market. Analysts predict a potential drop to $19,000 or a rise to $25,000 based on on-chain metrics. Investors are weighing the time value of money, with recent buyers having an average realized price of $21,000 and long-term holders having a higher price of $23,500. The Net Unrealized Profit / Loss metric shows that the average BTC holder is holding a net unrealized profit of 15% of the market cap. Despite headwinds, on-chain data are showing signs of Bitcoin transitioning out of the bear market.
Market glance
Total market cap / 24h chg: $1,025,208,533,540 / +0.30% 🟩
BTC Dominance / 24h chg: 42.30% / +0.00% 🟩
Bitcoin is in a transitional phase, facing resistance at $25,000 as it moves out of the bear market. Analysts predict a potential drop to $19,000 or a rise to $25,000 based on on-chain metrics. Investors are weighing the time value of money, with recent buyers having an average realized price of $21,000 and long-term holders having a higher price of $23,500. The Net Unrealized Profit / Loss metric shows that the average BTC holder is holding a net unrealized profit of 15% of the market cap. Despite headwinds, on-chain data are showing signs of Bitcoin transitioning out of the bear market.
March 7, 2023