📊 Glassnode report:
- Compared to previous cycles, #BTC's return profile is similar to the 2015-17 and 2018-22 cycles in terms of duration of recovery and drawdown after ATH;
- the vast majority of bitcoin investors are now in the black again;
- some on-chain indicators suggest that the current rally has pushed the market out of the “transitional recovery zone” and is now more reminiscent of a “bull market.”
- Compared to previous cycles, #BTC's return profile is similar to the 2015-17 and 2018-22 cycles in terms of duration of recovery and drawdown after ATH;
- the vast majority of bitcoin investors are now in the black again;
- some on-chain indicators suggest that the current rally has pushed the market out of the “transitional recovery zone” and is now more reminiscent of a “bull market.”
📈 glassnode: The combined market capitalization of the largest stablecoins has grown by almost $5 billion over the past month and now stands at >$124 billion. breaking a deep 1.5-year downtrend.
#USDT became the main beneficiary - supply volume grew to a record high of almost $90 billion
#USDT became the main beneficiary - supply volume grew to a record high of almost $90 billion
👀 Binance is suspending trading on several spot trading pairs, including AEUR\u002FUSDT. binance.com
👀 The US Securities and Exchange Commission is postponing a decision on the Grayscale Ethereum Spot ETF conversion application. twitter.com
👀 Tiny euro-pegged stablecoin surged 200% on Binance before the exchange stopped trading due to "abnormal volatility"
coindesk.com
coindesk.com
👀 Bloomberg Analyst: BlackRock May Move About $200 Million in Trust Assets to Bitcoin Spot ETF twitter.com
👀 Company X has received money transfer licenses in 12 US states. techcrunch.com
👀 Japan will exempt long-term currencies owned by companies from capital gains tax. nikkei.com
📊The South Korean won has surpassed the US dollar to become the largest Bitcoin-fiat trading pair. bloomberg.com
👀 Bitcoin is now above $44,000 and Ethereum briefly topped $2,300 in the early morning.
👀 In the last 24 hours, US$244 million worth of contracts across the network were liquidated, of which US$158 million worth of short orders were liquidated. coinglass.com
👀 In November, total crypto funding exceeded $1.67 billion, up 288% month-on-month. twitter.com
👀 Financial Times: New Binance CEO refuses to reveal location of its global headquarters ft.com
👀 Bitcoin market capitalization returns to 9th place among assets by market capitalization in the world, overtaking Meta platforms 8marketcap.com
👀 Early in the morning, BlockTower Capital again transferred 1916 MKR, equivalent to approximately 2.85 million US dollars. twitter.com
👀 About 5 hours ago, the Storj team deposited 3 million STORJ on Binance, which is equivalent to approximately $2.42 million USD. twitter.com
👀 Synthetix Founder Posts Proposal to 'End SNX Inflation' sips.synthetix.io
👀 Total open interest in CME Bitcoin futures contracts increased to $5.2 billion, approaching an all-time high in 2021. cointelegraph.com
👀 The developer of Bitcoin Core: Inscription uses Bitcoin Core vulnerabilities to send spam to the blockchain. twitter.com