😱 #BTC price breaks below the short-term average realized price
The short-term average realized price(=sth price) is an important key level for the BTC price, typically acting as resistance in bear markets and support in bull markets.
If the price does not move above the sth price quickly, it will likely turn into a resistance level for the price going forward
The short-term average realized price(=sth price) is an important key level for the BTC price, typically acting as resistance in bear markets and support in bull markets.
If the price does not move above the sth price quickly, it will likely turn into a resistance level for the price going forward
📉 #BTC's hashrate is down nearly 10% from its all-time highs reached in late April
🕵️♂️ 1200 #BTC ($73.5 million) transferred from an unknown wallet on Binance
🗣 Mainstream media coverage of Trump and #BTC has increased since early 2024
🍿⚖️ Coinbase is suing the SEC and FDIC over FOIA requests, arguing that federal regulators are trying to cut off the crypto industry from the banking sector. theblock.com
📉 #BTC We have reached the zone of pessimism. The supply in profit has decreased by 18%.
👀 #ICP Dfinity introduced a new ICP-based platform to solve cybersecurity problems. cointelegraph.com
🗣 #BTC Coinshares, James Butterfill: Miners have sold >$1 billion worth of BTC this year, which is a record, but is misleading since miners are also producing a record amount of BTC.
If you look at things proportionally, you will find that the percentage of miners selling as a share of the total BTC supply is not that significant: 1% this year compared to 2% in 2018 and 2015.
If you look at things proportionally, you will find that the percentage of miners selling as a share of the total BTC supply is not that significant: 1% this year compared to 2% in 2018 and 2015.
📉 #BTC Analyst C.Q.: In the Long-Term Holders (LTH) cohort, there is no growth observed, indicating market-wide pessimism.
🇩🇰🕹 The Danish Financial Supervisory Authority plans to ban the use of non-custodial crypto wallets, citing concerns about unregulated activity, in order to comply with EU MiCA rules. source
Crypto News Aggregator by EXCAVO
⚡️ #SOL VanEck submitted VanEck Solana Trust application. sec.gov
🇺🇸 #SOL #ETF Bloomberg Analyst: First SOL ETF filing in the U.S. Will be interesting to see if other issuers immediately follow suit. Early thoughts are that this only has a shot to launch sometime in 2025 if we have a new admin in the White House and SEC. Even then not guaranteed.
VanEck: Solana is a commodity that provides a better user experience than Ethereum.
VanEck: Solana is a commodity that provides a better user experience than Ethereum.
🔝 #DeFi projects by total value locked (TVL) to fully diluted market capitalization (FDMC)
🥳🚀 #MANTA Network: The income-generating stablecoin, wUSDM, deployed by Mountain Protocol on Manta Pacific, is now backed by BlackRock's BUIDL fund.
📊 #SOL The largest validator of the Solana blockchain was Galaxy, which overtook Coinbase by more than 1.2 million blocked SOL