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CryptoQuant reports that bitcoin exchange deposit addresses have reached a multi-year low, signaling a potential easing of selling pressure.Bitcoin exchange reserves have dropped by around 15% since the beginning of the year, according to CryptoQuant data.
Interest rates are coming down faster than the market had expected earlier this month.
Share link:In this post: Bitcoin and gold show stronger correlation in 2024, outperforming other assets. Gold spiked after the recent Fed rate cut to 5%, expecting more growth in the coming years. BTC feels selling pressure, preventing a breakout above $60,000.
Share link:In this post: The TON network receives a $30M boost from Bitget and Foresight Ventures. The blockchain’s TVL surged 18-fold to $350M in the last six months, and the ecosystem now has over 1,000 dApps. Bitget and Foresight tighten grip on the telegram-backed blockchain’s governance and future development plans.
Saylor thinks JPMorgan could provide customers with risk-free yield on their Bitcoin. Saifedean says those banks will end up just like Celsius and BlockFi.
- 04:35Data: Ethereum Spot ETF Net Inflow of $248 Million Last Week, BlackRock ETF ETHA Leads with $136 MillionAccording to ChainCatcher, based on SoSoValue data, during last week's trading days (Eastern Time May 19 to May 23), Ethereum spot ETFs had a net inflow of $248 million, with none of the nine ETFs experiencing a net outflow. The Ethereum spot ETF with the highest net inflow last week was Blackrock's ETF ETHA, with a weekly net inflow of $136 million. Currently, ETHA's total historical net inflow has reached $4.40 billion. Following that is Grayscale's Ethereum Trust ETF ETHE, with a weekly net inflow of $43.75 million, and currently, ETHE's total historical net outflow has reached $4.29 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.12 billion, with an ETF net asset ratio (market value compared to Ethereum's total market value) of 2.97%, and the historical cumulative net inflow has reached $2.76 billion.
- 04:35Overview of Important Developments on May 26th at Noon7:00-12:00 Keywords: OpenAI, James Wynn 1. OpenAI will establish an office in South Korea; 2. Last week, the market value of stablecoins increased by $2.522 billion, a week-on-week growth of 1.03%; 3. Whale James Wynn hinted in a post that he will not participate in contract trading in the near future; 4. Trump agreed early this morning to extend the deadline for imposing additional tariffs on the EU to July 9; 5. The 2025 Las Vegas Bitcoin Conference announced the list of speakers, including Vice President Vance and others who will attend.
- 04:33Whale James Wynn Opens 10x Leverage Long Position on PEPEAccording to a report by Jinse Finance, monitored by OnchainLens, the whale James Wynn has opened a 10x leverage long position on PEPE. Previously, James Wynn profited over $26 million from a PEPE long position on Hyper Liquid.