๐ CQ: 48% of investments in #BTC come from short-term holders. A bull cycle usually ends with 84-92% of the investment from these new investors. Therefore, it is still far from complete. cointelegraph
๐ Santiment: After the #FOMC announced that interest rates would remain unchanged for now, the cryptocurrency markets recovered with a vengeance. Trader bullishness is high as the Fed decision benefits stocks and the cryptocurrency's correlation with the SP500.
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๐ฅณ Binance will support Bitcoin Cash (BCH) network upgrade
https://www.binance.com/en/support/articles/80539068a30c4186b119df3890a66f12
https://www.binance.com/en/support/articles/80539068a30c4186b119df3890a66f12
Binance
Binance Will Support the Bitcoin Cash (BCH) Network Upgrade | Binance Support
Fellow Binancians, Starting at approximately 2024-05-15 11:00 (UTC) , Binance will suspend the deposits and withdrawals of token(s) on the Bitcoin Cash (BCH) network to support its network upgrade ...
๐ต๏ธโโ๏ธ From March 14th whale accumulated 4451 #BTC ($294.6 million) on Binance at an average price of $66,195.
๐ #ETH Ethereum developers introduced โPump the gasโ to raise the gas limit from 30 million to 40 million, which should reduce transaction fees on L1. cointelegraph
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๐ต๏ธโโ๏ธ๐ดโโ ๏ธ According to Slowmist, the Temple Pharmacy project, which collected 32,097 SOL (~6.2 million $) at the presale, translated all the funds collected were sent to several addresses, which raised suspicions in RugPull. At the same time, Temple Pharmacy said it was transferring money to list on the CEX and provide liquidity.
๐ Santiment: over the past 10 days, the number of wallets with >0 #BTC has decreased by 311 thousand.
๐ค CryptoAttack ๐ฌ๐ง
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๐ฃ #FTT FTX CEO John Ray criticized SBF's lawyers' attempt to reduce the sentence, arguing that the victims "have suffered and continue to suffer." cointelegraph
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๐๐ฃ #ETH Vitalik continued to discuss the risk of centralizing ETH staking at the ETH Taipei event, highlighting that Lido, Coinbase, Binance, etc. have an excessive share, and presented the idea of โโ"rainbow staking", a conceptual framework that allows protocol service providers, whether โsoloโ or โprofessional,โ to participate maximally in a differentiated menu of protocol services.
๐ค CryptoAttack ๐ฌ๐ง
๐โโ๏ธ #CFX Conflux introduced #AxHKD, a stablecoin backed by the Hong Kong dollar. decrypt.com
๐ฅณ #CFX Conflux plans to launch a stablecoin pegged to the Hong Kong dollar in the second quarter. the block
๐ฎ๐ฅณ #DAR DAP Open Network: Introducing the new Mines of Dalarnia website, updated Litepaper and tokenomics. #Web3 #GameFi
๐ฉ๐ช #macro Germany (Mar) (prev):
- Composite PMI: 47.4 (prog 47; pre 46.3)
- Manufacturing PMI: 41.6 (prog 43.1; pre 42.5)
- Services PMI: 49.8 (prog 48.8; pre 48.3)
- Composite PMI: 47.4 (prog 47; pre 46.3)
- Manufacturing PMI: 41.6 (prog 43.1; pre 42.5)
- Services PMI: 49.8 (prog 48.8; pre 48.3)