📉🤔 #ETH’s MVRV ratio, comparing market value to realized value, has dropped to 0.88, signaling undervaluation.
Historically, ETH bottoms when MVRV falls below 1, indicating capitulation and a strong accumulation phase for investors.
Historically, ETH bottoms when MVRV falls below 1, indicating capitulation and a strong accumulation phase for investors.
🇺🇸🍿 SEC requests 60-day stay in case against Gemini to "explore a potential solution." bloomberg
⛏️ #BTC JPMorgan: BTC miners continue to struggle: for the 14 largest publicly traded companies in the field, March was the worst month ever. #mining decrypt.co
🤔 Jim Cramer: 20% tariff on imports would be "terrible" for the economy.
🇸🇬 Sony Singapore now allows customers to pay in #USDC via Cryptocom. decrypt.co
🇺🇸✅ Crypto PAC-backed Republicans picked up seats in the U.S. House of Representatives in a Florida by-election. cointelegraph
🇭🇰💰 9GAG announced that it has completed its acquisition of Hong Kong-based Haoyang Technology Holdings and plans to rename the company MemeStrategy Inc. hk.on.cc
🇰🇵 North Korean specialists have been found among the employees of blockchain projects in the UK. This puts organizations at risk of espionage, data theft and disruption. cointelegraph
🔍🐳 Whale Transactions:
1. 5 new wallets withdrew 2.66 million #PENDLE ($7.9 million) from Binance in the last 5 days;
2. Amber Group transferred $1.3 million #KAITIO to Binance;
3. Whale spent $2M to buy 139,860 #LINK at $1.43 (now holding 147,553 LINK);
4. Whale sold all remaining 2001 ETH ($3.82 million). He bought 5001 ETH ($1.38M) at $277 in 2017 and didn't sell even when ETH reached $4878. A month ago, he started selling ETH for a total profit of $8.66 million.
1. 5 new wallets withdrew 2.66 million #PENDLE ($7.9 million) from Binance in the last 5 days;
2. Amber Group transferred $1.3 million #KAITIO to Binance;
3. Whale spent $2M to buy 139,860 #LINK at $1.43 (now holding 147,553 LINK);
4. Whale sold all remaining 2001 ETH ($3.82 million). He bought 5001 ETH ($1.38M) at $277 in 2017 and didn't sell even when ETH reached $4878. A month ago, he started selling ETH for a total profit of $8.66 million.
🤔 #ETH CEO of Synthetix: L2s are weakening Ethereum's profitability. I used to be a supporter of ETH, but switched to an agnostic position.
Co-founder Scroll: L2s are making Ethereum harder to develop, if this problem is not solved it will become irrelevant.
Co-founder Scroll: L2s are making Ethereum harder to develop, if this problem is not solved it will become irrelevant.
💸 #BTC Over the past 24 hours, ~$287.75 million worth of contracts have been liquidated, of which longs have liquidated ~$159.53 million and shorts ~$128.22 million.
🇺🇸🍿 Elon Musk's Platform X , along with 7 researchers and advocacy groups, has asked the US Supreme Court to stop law enforcement from forcing companies like Coinbase to hand over user data. theblock.co
📊🤔 #BTC’s correlation with the Nasdaq Composite saw a meaningful uptick last week, reflecting its current sensitivity to macro conditions.
These high-correlation regimes often mark moments when Bitcoin acts as a macro sentiment barometer—what Bitwise CIO Matt Hougan calls “the canary in the macro coal mine”
These high-correlation regimes often mark moments when Bitcoin acts as a macro sentiment barometer—what Bitwise CIO Matt Hougan calls “the canary in the macro coal mine”
👍 Pantera Capital parter: Amber Group's listing on Nasdaq marks a significant step for cryptocurrency companies. Predicts more US cryptocurrency companies will go public, attracting institutional investors and fresh capital. coindesk