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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
🎢🤔 #BTC is in a very healthy position on-chain
While BTC is trading at similar levels to 2021 and earlier in 2024, the network’s underlying value has increased from $14,000 to $22,000 and from $26,000 to $33,000.
The price-to-average network value multiple for Bitcoin has halved, from 3.98x at the beginning of 2021 to 2.12x today. This decrease in the multiple suggests a strong, stable foundation for future growth rather than an overheated market poised for profit-taking.
There is currently much less unrealized profit in the market, indicating we are in the early-to-mid stage of a bull market, even though BTC is still trading around the $70,000 level.
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🙅♂👀 #DYDX fired 35% of their employees
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🗽👀 #ACH Alchemy Pay expands the scope of payments, having received New Mexico money transmitter license
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🔝 Top exchanges by weekly visits
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🍿🙅♂️ DWF Labs: We are aware of the recent and deeply concerning allegations involving one of our partners, who has been accused of inappropriate and unacceptable behaviour. While the matter is under investigation, DWF Labs has decided to dismiss the said partner from management and operational roles effective immediately.
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📈 #SUI leads today's net inflows with $24.6M
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🔝 Top 10 Decentralized Finance Coins by Market Capitalization #LINK #UNI #AAVE
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🔥 BULLISH: 🪙 “Our bet is this is a very bullish setup for #Bitcoin into the election” Matthew Sigel, Head of digital assets research at Van Eck
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🇺🇸🐳 10 whales spent $70.6M betting on Trump winning the US election on Polymarket in October
DonaldTrump currently has a 66.7% chance of winning the US election on Polymarket
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💰 #OP Optimism Foundation agreed to give Kraken $42.5M of OP Tokens in Layer-2 Deal. coindesk
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🐶📈 #DOGE The number of active DOGE addresses has spiked several times in the past month, indicating increasing activity.
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🍿🚀 #SNX #KWENTA Synthetix plans to acquire Kwenta and relaunch the Synthetix Exchange.
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🙅♂👀 #ETH Consensys cuts staff by 20%, CEO accuses SEC of “abuse of power. fortune
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📈🤔 #ADA IntoTheBlock: Cardano's NVT ratio has surged to its highest level since June, indicating a decrease in on-chain activity relative to price growth.
This classic overvaluation signal is notable given ADA's recent underperformance, suggesting the potential for further downside.
Historically, elevated NVT ratios often precede price pullbacks. Without increased on-chain engagement, Cardano's price might struggle to maintain momentum.
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🇸🇬🥳 Gemini has received in-principle approval for a “Major Payment Institution” license from the Monetary Authority of Singapore. Gemini.com
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🎁👀 #FIL Glif, the largest #DeFi protocol on the Filecoin network, is preparing to release its own token #GLIF. The total supply of GLIF tokens will be 1 billion, of which 10% (100 million tokens) will be allocated for airdrop.
Airdrop recipients can access 25% of their tokens immediately, while the remaining 75% will be distributed linearly over 180 days. theblock
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🤝👀 #SOL VanEck cooperates with Kiln to support institutional staking SOL.
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🍿⚖ On Twitter they believe that The "partner" is DWF founder Euguen Ng (also a co-founder of OpenEden), as the company removed him from its team page.
He is accused of allegedly trying to slip “some kind of substance” into a girl (an employee of an unnamed foundation), with whom he was sitting in a restaurant, and then trying to “drag her into his apartment” and promising “insider information” if the girl was “ communicate well with him."
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📊 #BTC C.Q.: Short-term holder SOPR suggests upside
Currently, despite Bitcoin reaching $70k, the value of this indicator is 1.017%, indicating that short-term holders are realizing some profits and are not yet overheating.
📈🤔 #BTC TVL Breaks ATH
According to Defillama, Bitcoin TVL has grown by 183% over the past month. This increase is partly due to the growing adoption of the Lombard, Lorenzo Protocol, and pStake Finance protocols, demonstrating interest in products that provide Bitcoin staking.
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🤑 All #BTC holders are currently in profit
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🤑 #XAI xAI Elon Musk leads negotiations with investors on a funding round valued at approximately $40 billion
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🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: +7,200 BTC (+$513.13M) 🟢
Blackrock inflows 4,528 BTC ($322.68M) and currently holds 408,253 BTC ($29.09B);
#ETH-ETFs:
NetFlow: -4,952 ETH (-$12.99M) 🔴
Grayscale outflows 8,077 ETH ($21.2M) and currently holds 1,596,890 ETH ($4.19B).
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🍿🚀 #TRX Justin Sun cheered up TRX a little with his intrigues
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🏦🤝 OKX announced a partnership with Standard Chartered Bank.
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🤝👀 #OM #RWA MANTRA partnered with Google Cloud
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🥳🙋♂ #BNB Binance has introduced Binance Wealth, a comprehensive service that allows private client managers to easily attract high-net-worth clients and offer them a wide range of digital assets.
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🔄✅ #STX Nakamoto update successful activated on the Stacks mainnet.
Also #AERGO activated v4 update on mainnet
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🔝 Top 15 Public Chains by TVL Growth in the last 30 days #BTC #IOTA #TAIKO
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🕵️♂️ Arkham: The government of Bhutan is selling #BTC - in the last hour, 929 BTC ($66,000,000) were transferred from wallets to Binance.
Bhutan holds 12,456 BTC ($887 million) on its balance sheet.
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