Ronald (@ronaldflames) • Hey
web3 lover
Publications
- Exchange #Bitcoin holdings have been dropping steadily since 2020.
- #Bitcoin velocity is currently at 2011 levels.
- NY MAG: “Based on our polling, there are millions of voters who are going to vote against Joe Biden on the basis of Gary Gensler’s approach on this issue. With democracy on the line, that’s just a phenomenally irresponsible approach to take.”
- The release of #Bitcoin was only one year and nine months before Instagram 🤯
- 2024: The #Bitcoin election
- Kraken exchange is looking to close a $100 million funding round before going public.
- Two wallets, possibly belonging to the same entity, moves 1,210 #Bitcoin (💵 $87M) out of Binance.
- Robinhood has announced the acquisition of Bitstamp, one of the largest cryptocurrency exchanges in Europe
- BIS announces Project mBridge has reached the MVP stage.
mBridge is a multi-central bank digital currency (CBDC) platform for instant cross-border payments 😮
Started in 2021, it involves central banks from 🇹🇭 Thailand, 🇨🇳 China, 🇦🇪 UAE, and now includes 🇸🇦 Saudi Arabia.
- #Bitcoin short-term holders recently sold heavily near the year's all-time high, reflecting their historically cautious nature and potential for quick selling during market volatility
- 🇰🇷 South Korea's cryptocurrency market is expected to boom in 2024, according to CODA CEO Cho Jin-seok at #Bitcoin Seoul 2024.
#Bitcoin rise and easing regulations will be the catalysts.
Cho sees positive signs like global #Bitcoin ETF trends and a 🇺🇸 US policy shift.
- #Bitcoin mirrors mid-2020, when the price remained stable around 💵 $ 10K for six months with high on-chain activity (OTC trades).
Today, on-chain activity remains high despite low volatility, with whales raking in $ 1B per day, per CryptoQuant CEO Ki Young Ju.
- Changpeng Zhao, former CEO of Binance has entered the California prison.
- Elon Musk denies report from Bloomberg 📰 stating that Musk has engaged in discussions about cryptocurrency policy with 2024 presidential candidate Donald Trump. 🇺🇸
- 🆔 ronaldflames
phaver.app.link/ronaldflames
$SOCIAL #phairdrop
- GrayScale survey shows that geopolitical tensions and inflation have led to more and more US voters turning to $BTC.
- CATHIE WOOD: “President Bukele's determination to turn El Salvador into an oasis for the bitcoin and AI communities - two of the biggest economic and technology revolutions in history - is the reason I believe that its real GDP could scale 10-fold during the next five years.”
- #Bitcoin 🐳 whale withdraws 1,195 #BTC (💵 $ 81.95M) from Binance.
- Historic Bulgarian 🇧🇬 football club ⚽️ Botev Plovdiv FC is the latest at the vanguard of #Bitcoin adoption by sports teams, even incorporating Nostr to help deliver censorship-resistant communications and fan engagement.
- Trump’s speech on commuting Ross Ulbricht’s prison sentence, protecting the right to self-custody, not allowing a CBDC and “keeping Elizabeth Warren’s goons away from your #Bitcoin
- 🇦🇷 Argentina's Securities Commission met 🇸🇻 El Salvador's Digital Assets Commission to discuss experience with #Bitcoin as legal tender.
“We want to strengthen ties with El Salvador and conseder a collaboration agreement with them,” said CNV president Roberto E. Silva.
- Amazing $SOCIAL summer 💜
- #Bitcoin transaction fees are at their lowest since early November 2023, averaging 💵 $ 2.77.
- Zurich University of Applied Sciences 🇨🇭 is introducing Europe’s first master’s program dedicated solely to #Bitcoin . The “CAS in Bitcoin Economy HWZ,” is a comprehensive course catered to students in the financial sector.
- Authorities in Paraguay 🇵🇾 have seized nearly 400 #Bitcoin miners in the city of Sapucai.
The operation, conducted by police and the Administración Nacional de Electricidad (ANDE), was part of an investigation into the alleged theft of electricity.
- #Bitcoin is still Godzilla.
- 📍📍📍Reflections on what we have in 2024:
* Bitcoin is still the leader
* Ethereum is and will be the king of the DeFi sector
Memecoin is the new Altcoins
* Ordinals are the new NFTs
* Artificial Intelligence is the new Metaverse.
🫡
Do you agree?
- #Bitcoin ATM growth stalled in May, with over 300 machines shut down in the 🇺🇸 US (80% of the global market).
This ends a 10-month expansion trend.
- Jack Dorsey on why Block got into making #Bitcoin mining hardware:
"The reason why we want to build this is because it secures the network. It's not just about mining new Bitcoin. It's about validating transactions. And if we have a secure network, we have a secure money. And a secure money is something that people trust. Businesses can trust. People can trust."
- Bitcoin's price is finding support from two key factors:
Long-term holders are not selling their #Bitcoin as much as they were in March.
New 🐳 whales are actively buying around 💵 $ 60K, suggesting this price point is a key support level. Bitfinex
- United States Senate voted 60-38 to repeal the SEC's crypto asset accounting rules.
- South Korea estimates that there are 6.45 million users holding cryptocurrencies, which represents 12.9% of the total population.
- We already have the second pre-order round available of the Universal Phone from Ton ‼️
Its price has gone up by $ 30 more and right now it costs $ 129
If you get one, you will receive an exclusive FWB (Friends With Benefits) pass
This makes you part of the early adopter series with which you are confirmed to receive Airdrops 🪂
In principle this works with a points system with a maximum of 3 right now, with the pre-order you get 2 that will be credited to your wallet before they take out the referral system that is expected for next week
The first round of 12,000 units sold out after a few days and this one won't take much longer
- 🇨🇳 Chinese fund house Harvest Global Investment, issuer of a #Bitcoin spot ETF in 🇭🇰 Hong Kong, wants to extend the accessibility of its product to mainland China through the Stock Connect program 👀🙌
- Luxury private jet charter Candy Jets now accepts #Bitcoin payments thanks to a partnership with CoinCorner 🙌
- Despite recent price drops, a whopping 86% of the #Bitcoin supply remains in profit.
- Bitcoin Magazine CEO, David Bailey, says their team is advising Trump on his #Bitcoin policy agenda.
They “intend to raise a $ 100 million war chest for the campaign to insure the next president is pro Bitcoin.”
- \#Bitcoin closes the month of April with a negative return of -14.76%.
- Research from Northwestern University indicates that households tend to spend their crypto gains more similarly to traditional equity investments rather than how lottery winners spend their winnings.
- 🇰🇷 South Korea removes #Bitcoin and cryptocurrencies as a form of donation.
- Historically, the 3rd phase of the #Bitcoin halving sees #BTC enter a parabolic uptrend lasting approximately a year.
With a potential “accelerated cycle,” this phase could be half as long, leading to faster price growth, per Rekt Capital.
- Poloniex hacker moved 501 #Bitcoin (💵 $ 32M) to new addresses, likely to hide the origin of the stolen funds 👀
- #Bitcoin hit a new record on April 23rd, processing over 1.6M confirmed transactions in a single day 👀
Runes represented 81.3% of all transactions that day.
- #Bitcoin dominance recently had a breakout in the intermediate-term, which is in line with the weekly relative rotation graph (RRG).
This marks a continuation of a long-term turnaround phase,” says Fairlead Strategies.
- #Bitcoin miner Riot Platforms reports strong Q1 2024 with record profits thanks to surging #Bitcoin prices.
Revenue grew to 💵 $ 79.3M, while net income jumped to $ 211.8M due to a 131% rise in #Bitcoin compared to Q1 2023.
- Demand from long-term #Bitcoin holders shrank by 50% in April, with holdings falling from over 200K #BTC to 90K #BTC
- #Bitcoin mining Hashprice crashes to new all-time lows of $ 57.20/Ph/Day as the Rune fad slows down and the lower block subsidy of 3.125 #Bitcoin /block takes effect.
- 🇺🇸 SEC files a lawsuit against #Bitcoin ⛏️ miner Geosyn Mining, accusing the company of defrauding its customers of 💵 $ 5.6M by lying about the number of ASICs it operated and using investors' money for personal expenses.
- 🇨🇭Swiss National Bank chairman Thomas Jordan responds to calls to hold #Bitcoin as reserves, "We have yet to decide that we want to invest in bitcoin, actually for good reasons. Currency reserves are international payments. They have to be liquid. They have to be sustainable. And we have to be able to sell and buy them.” 👀
- “Banks owns bonds. Our deposits aren’t there as the bonds that were purchased with my deposit are underwater.
I think #Bitcoin in the 💵 $ 250K-$ 1M range is how big this can get, based the liquidity required to make this market solvent,” says Strike CEO Jack Mallers.