👀 JPMorgan CEO Jamie Dimon warns that the US economy and the global economy is likely to face a recession within 6-9 months.
🙋♂️ Degods cancels NFT royalties and predicts that all marketplaces will move to a 0% model.
theblock.com
theblock.com
⚖️ Former U.S. Secretary of Labor Eugene Scalia will represent MicroStrategy founder Michael Saylor in the lawsuit.
🇸🇬 Singapore is developing blockchain-based payment systems for faster cross-border payments.
forcast.news
forcast.news
🗣 Billionaire investor Chamath Palihapitiya believes that DeFi will eventually allow people around the world to monetize and fund all of their assets, allowing them to be placed on the blockchain.
🙋♂️ Binance Exec: The BNB smart chain hack could have been worse if the validators hadn’t “taken action.”
www.coindesk.com
www.coindesk.com
🇺🇸 The US Federal Reserve recorded an operating loss for the first time in more than a decade.
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🥳ETH. Supply change since merge: 10,750 ETH Supply change since merge if Ethereum was still PoW: 304,130 ETH
This is a reduction in emissions of approximately 96.5%
This is a reduction in emissions of approximately 96.5%
🇵🇹 Portugal will introduce a tax on cryptocurrency in the amount of 28% in the 2023 budget
📊 Report glassnode:
BTC prices have been showing strength lately amid a highly volatile traditional market. Several macro indicators indicate that BTC investors are setting a lower bound for a bear market, with numerous similarities to previous cycle lows.
The profitability of the network has not quite reached the same level of serious financial problems as in past cycles, however, the adjustment for lost and long-unused coins may explain a reasonable part of this discrepancy.
It may take several more months for the market to fully recover.
BTC prices have been showing strength lately amid a highly volatile traditional market. Several macro indicators indicate that BTC investors are setting a lower bound for a bear market, with numerous similarities to previous cycle lows.
The profitability of the network has not quite reached the same level of serious financial problems as in past cycles, however, the adjustment for lost and long-unused coins may explain a reasonable part of this discrepancy.
It may take several more months for the market to fully recover.
Glassnode Insights - On-Chain Market Intelligence
Hashrate Hits New Highs
As global equity and bond markets continue to tread challenging ground, Bitcoin hashrate defies the odds, pushing to yet another all-time high. In this piece, we deep dive into the mining sector to assess whether the worst of the miner capitulation is over…
🙋♂️ Data from a Korean professor shows that Do Kwon allegedly sent 523,390 Terra(LUNA) to terra1mdtes94sv3mtdqwj7zwxunmntc6u7778kus033 before the funds were transferred to Binance.
beincrypto.com
beincrypto.com
🙋♂️ Circle CEO Jeremy Aller says JPMorgan and traditional finance are under threat from the idea of full reserve banking.
dailyhodl.com
dailyhodl.com
🙋♂️ The global and ongoing nature of cryptocurrency trading poses a number of challenges for traders, one of which is finding the best time to trade.
coindesk.com
coindesk.com
😁🌐 Metaverse: Decentraland has 379 active users, SandBox has 616, and STEPN has only 1. Decentraland says the data is inaccurate.
👀 Binance says they still intend to invest $500M in the deal to acquire Elon Musk's Twitter.
🇦🇪🌐 Multiverse Labs Launches Government-Backed Metaverse City in UAE
cointelegraph.com
cointelegraph.com