💰 #DAPP Gate Labs announced a strategic investment in Pencils Protocol.
💸 LoC: An address allegedly associated with the co-founder of F2pool lost 12,083.6 spWETH (worth $32.33 million) due to a phishing attack.
🎢🤔 #BTC C.Q.: In the past 1.5 months, we can observe a decline in the Realized Cap for STH. Coins are being moved at prices lower than their purchase prices (this is known as "shakeout").
As this slows, it signals a market shift and potential new price base for growth.
As this slows, it signals a market shift and potential new price base for growth.
📊👀 IntoTheBlock Analyst: Fee income in #ETH rose to $45 million in one week, and the correlation between #BTC and US stocks reached its highest level in two years.
👀🗣 QCP Capital: Looking ahead to next week, the focus will be on upcoming labor market indicators including JOLTs, ADP and the US unemployment rate.
High performance on these data could lead to a decline of 50 bps. in November, which is even more will increase demand for risky assets.
High performance on these data could lead to a decline of 50 bps. in November, which is even more will increase demand for risky assets.
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🔮👀 Bitwise CIO: #BTC could hit $100K-$200K or even higher – there's too much demand and not enough supply.
🤔 #ETH is trading at a 1,200x Price-to-Sales (PS) ratio
To put that in context, traditional markets typically see Price-to-Earnings (PE) ratios around 30x, which is similar to PS
But the question is should L1s be valued by this metric
To put that in context, traditional markets typically see Price-to-Earnings (PE) ratios around 30x, which is similar to PS
But the question is should L1s be valued by this metric
📊 #ETH’s rally this week quickly pushed the percentage of addresses 'in the money' from 59% to 69%. Even more impressive, over 80% of ETH volume is now in profit, reflecting solid buying support at key levels.
🗽👀 #ETH #ETF President of The ETF Store: The BlackRock Ethereum ETF has surpassed $1 billion in total net asset value just two months after launch.
This amount puts BlackRock's fund in the top 20% of the more than 3,700 ETFs available in the US market.
This amount puts BlackRock's fund in the top 20% of the more than 3,700 ETFs available in the US market.
📈👀 #BTC Historically, when Bitcoin closes September in the green, the final three months of the year have seen even bigger gains
📊 Santiment: If you're expecting a new #BTC all-time high, you may have to wait until the crowd slows down their own expectations. Currently, for every 1 bearish post, there are 1.8 bullish posts regarding BTC.
Historically markets are always moving in the opposite direction to the crowd's expectations.
Historically markets are always moving in the opposite direction to the crowd's expectations.