π€ CryptoAttack π¬π§
πΊπΈπΏ #ETH Jump Trading may be selling ETH. They recently bought $410 million worth of wstETH, exchanged it for ETH and transferred it to CEX. So far they have exchanged 83,000 wstETH for 97,500 ETH since July 25th. Of these, the exchange received 66,000 ETHβ¦
π΅οΈββοΈ Jump Trading transferred 26 million #USDT to Binance in the last hour.
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π£ #BTC #ETF Peter Schiff: At $54,000, >70% of those who bought BTC-ETF are losing money. When BTC falls below $38,000, 100% of BTC-ETF buyers will be at a loss. This is when the real selling will begin as most BTC-ETF speculators will give up for good.
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π€ CryptoAttack π¬π§
π Report CoinShares on financial flows in crypto over the last week: Last week, investments in digital assets continued, with an influx of $245 million. #BTC - inflow of $519 million. Outflow in short positions is $1.9 million. #ETH - outflow of $285 million.
πͺπΊ #EU macro. Prominent inflation (PPI) (June):
- m/m: 0.5% (prog 0.1%; pre -0.2%)
- y/y: -3.2% (prog -3.3%; pred -4.2%)
- m/m: 0.5% (prog 0.1%; pre -0.2%)
- y/y: -3.2% (prog -3.3%; pred -4.2%)
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π£ Justin Sun: Rumors about the liquidation of our positions are not true. We rarely engage in leveraged trading strategies as we believe such trades do not provide significant benefit to the industry.
πΏπ #TRX Justin Sun continues: Don't worry! The industry has grown significantly over the past year, and these market fluctuations are not due to negative news. We must abandon the fad and continue to build. That's why we're creating a $1 billion fund to fight the flood, invest more and provide liquidity. Twitter #FUD
π€ CryptoAttack π¬π§
πΏπ #TRX Justin Sun continues: Don't worry! The industry has grown significantly over the past year, and these market fluctuations are not due to negative news. We must abandon the fad and continue to build. That's why we're creating a $1 billion fund to fightβ¦
π΅οΈββοΈ Justin Sun lost ~$280 million due to ETH falling by 20%.
Since February 8, 2024, he has accumulated 377,590 ETH (estimated value: $1.15 billion) through 3 wallets. But ETH is now trading well below its average purchase price of $3,051.
Since February 8, 2024, he has accumulated 377,590 ETH (estimated value: $1.15 billion) through 3 wallets. But ETH is now trading well below its average purchase price of $3,051.
πΏπ #BNB CEO Binance: The recent sharp drop in the crypto market does not represent a long-term negative trend. Given the potential for Fed rate cuts and geopolitical volatility, there is still significant potential for market volatility.
π£ #ETH Vitalik Buterin: I think people will be surprised at how quickly "L2 compatibility issues" will cease to be an issue and we will have a smooth user experience across the entire ethereum ecosystem (including L1, rollups, validiums, even sidechains). I see a lot of energy and desire to make this happen.
π€ CryptoAttack π¬π§
π΅οΈββοΈ Justin Sun lost ~$280 million due to ETH falling by 20%. Since February 8, 2024, he has accumulated 377,590 ETH (estimated value: $1.15 billion) through 3 wallets. But ETH is now trading well below its average purchase price of $3,051.
ππ Cryptocurrency market capitalization experienced its largest daily drop since 2022. theblock.com
π§―π #MAX Matr1x: 200 million MAX tokens were destroyed, which is 20% of the total supply.
Also token today leaf through on the exchanges.
Also token today leaf through on the exchanges.
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π° #AAVE Founder of Aave: Aave received income of $6 million from processing liquidations online.
One WETH position worth $7.4 million was liquidated, generating $802,000 in revenue for Aave
One WETH position worth $7.4 million was liquidated, generating $802,000 in revenue for Aave
π¨πΈ In the last 24 hours liquidated >$1.1 billion
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Data | CryptoAttack π€
πΈ Mainstream Exchange Contract Liquidation Monitoring
#ETH in the past 5 minutes fell -1.06%, in the past 24 hours, The amount of #ETH liquidation reached $362.53M (The total liquidation of all currencies in the past 24 hours is: $1.14B, the user of liquidationβ¦
#ETH in the past 5 minutes fell -1.06%, in the past 24 hours, The amount of #ETH liquidation reached $362.53M (The total liquidation of all currencies in the past 24 hours is: $1.14B, the user of liquidationβ¦
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π₯³ Xapo Bank has become the first fully licensed bank to allow #BTC deposits via the Lightning Network.
π¬π§π¦ Xapo Bank enters the UK market and becomes the first bank in the country to offer a combined interest-bearing bank account in $ and #BTC. cointelegraph
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π£π #BTC #ETF Bernstein analysts: Bitcoin ETFs are βon the cusp of approvalβ on major financial markets and major private banking platforms in the third or fourth quarter of this year. Also confirmed target price BTC at $200,000 by the end of 2025: βInterestingβ¦
π£π Bernstein remain optimistic regarding #BTC's long-term prospects: "We do not see any additional negative factors for the cryptocurrency. Institutional adoption trends for BitcoinβETF inflows and approvals from banks and payment processorsβremain flat."
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πΊπΈ #macro Barclays: The Fed is unlikely to cut interest rates by 50 basis points in September.
πΊπΈπ£ #macro Goolsby from the Fed:
- Employment data is lower than expected, but does not yet show signs of recession;
- the Fedβs task is not to respond to employment data for one month;
- if the economy worsens, the Fed will take steps to restore it;
- presented the Fed were discussing an emergency rate cut.
Meanwhile, according to FedWatch, the market assumes a 100% probability of a rate cut by 50 bp. for the September meeting
- Employment data is lower than expected, but does not yet show signs of recession;
- the Fedβs task is not to respond to employment data for one month;
- if the economy worsens, the Fed will take steps to restore it;
- presented the Fed were discussing an emergency rate cut.
Meanwhile, according to FedWatch, the market assumes a 100% probability of a rate cut by 50 bp. for the September meeting