πΊπΈπΉ Coinbase CEO says he is involved in crypto market structure legislation to "make sure we never have another Gary Gensler." #regulation
π #ETH Coinbase joins Open Intents Framework to develop Ethereum crosschain ecosystem. theblock.co
π€ #XRP DBS, Franklin Templeton and Ripple have signed a memorandum of understanding to offer trading and lending solutions using tokenized money market funds on the XRP Ledger platform. coindesk.com
π¦πΊπΉ Australia's regulator has granted incentives to stablecoin intermediaries, exempting them from having to hold separate financial services licenses when distributing cryptocurrency issued by licensed Australian providers. decrypt #regulation
π #ETH CQ: Unrealized gains of Ethereum wallets storing between 10k and 100k ETH have reached levels comparable to the peak of the previous cycle in November 2021, when ETH reached its all-time high. This suggests that whales have significant unrealized gains. Historically, such levels of unrealized gains have often been followed by increased selling pressure.
π #BCH Santiment: the price of Bitcoin Cash jumped 7% against BTC, surpassing the market value of $644 for the first time since April 2024. The 17-month high was reached amid extremely bearish sentiment for the 16th cryptocurrency by market capitalization.
ππ #ETH The Ethereum validator exit queue has grown significantly, with 2,491,052 ETH awaiting withdrawal. The estimated wait time now stands at 43 days and 6 hours, with a sweep delay of about 9.1 days.
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ππ #BTC Glassnode: The BTC CBD heatmap shows that supply is centered around $117k, which represents a key resistance zone.
πΊπΈπ #macro Initial Jobless Claim: 231k (pre: 263k)