✏️ #BTC Arthur Hayes posted a new essay noting that BTC could fall to $90,000.
📉 #BTC supply on exchanges hits 7 year low
Only 14.5% of all BTC now sits on centralized exchanges the lowest since August 2018. This decline signals growing investor confidence in long-term holding, & shrinking sell-side pressure.
Only 14.5% of all BTC now sits on centralized exchanges the lowest since August 2018. This decline signals growing investor confidence in long-term holding, & shrinking sell-side pressure.
📈🤔 #ETH CQ: While ETH’s price hasn’t yet exploded, institutional investors continue accumulating and locking tokens at record levels, indicating that the market may be gearing up for a significant upward move.
🇧🇭🕹 The Central Bank of Bahrain (CBB) has issued a regulatory framework authorizing compliant issuance of stablecoins. #regulation
⚖️🍿 #BTC A New York law firm has filed a class action lawsuit against Strategy over allegedly misleading information about BTC investments. theblock
🤔 #BTC CQ: What happens in a bull market over the last two years when the average Funding Rate becomes negative? Fuel appears for liquidating bears and subsequent price growth due to futures.
🇵🇰⛏️ IMF rejects Pakistan's proposal to provide subsidized electricity tariffs for cryptocurrency mining. cryptonews #mining
👀 #BTC Elon Musk yesterday liked a tweet from a user who suggested that Musk was quietly accumulating bitcoins.
🇺🇸🐳 #BTC CQ: Since April, the selling pressure from US whales and institutions has gradually decreased (red arrow), and currently, their buying pressure is being maintained (yellow box).
🇨🇳 JDcom and Ant Group are lobbying for approval of Chinese yuan-based stablecoins in an effort to counter the global rise of US dollar-linked tokens. cointelegraph
🍿 #WLD CEO Robinhood says OpenAI and SpaceX tokens are derivatives, not stocks. theblock.co
💰 YZi Labs joins leading financial institutions such as DRW, Tradeweb, Goldman Sachs, Citadel Securities, DTCC in a $135 million Series E Digital Asset round.
🇺🇸👀 #macro USA:
- Initial Jobless Claims: 236k (pre: 236k);
- Nonfarm Payrolls: 147k (pre: 139k);
- Unemployment: 4.1% (pre: 4.2%)
- Initial Jobless Claims: 236k (pre: 236k);
- Nonfarm Payrolls: 147k (pre: 139k);
- Unemployment: 4.1% (pre: 4.2%)
🇺🇸👀 #macro The current market probability that the Fed will cut interest rates in September is about 80%, down from 98% before the jobs report.