Smart (@vitalis_) • Hey
Smart (@vitalis_) • Hey
Publications
- Bitcoin ETF, the most successful ETF in history
Blackrock $IBIT is, there is only one ETF in history that has reached $ 20 billion in assets in less than 1000 days.
- FED, Beige Book published:
- The general outlook became slightly more pessimistic due to increasing uncertainty and reports of increased downside risks.
- National economic activity continued to expand from early April to mid-May; however, conditions varied across sectors and regions.
-Employment increased at a modest pace overall
- The Long-Term Holders, especially those in the 2 to 3-year cohort, have shown a significant decline. Some coins matured into the 3 to 5-year age band, while others were sold for profit. This divestment, influenced by the approval of ETFs, peaked in February 2024 as the market rallied, just a month before BTC reached its $ 73k ATH. Historically, Long-Term Holders take profits during strong demand periods.
- 🇺🇸 Justin Sun urges crypto community to back pro-crypto presidential candidate
Justin Sun, Tron’s blockchain founder, has called on the crypto community to support a pro-crypto candidate in the forthcoming US presidential elections in November. Sun made this appeal in a May 26 social media post, emphasizing the importance of aligning with a candidate who endorses cryptocurrencies to ensure the industry’s voice is heard and interests protected.
- #MtGox transferred a total of 12,240 BTC to an unknown wallet, worth over $ 844 million.
- 🚨 Super Diamond Trader Cashes Out $SHIB After 3.5 Years!🚨
After being dormant for 3.5 years, the super diamond trader finally sold $SHIB at a profit.
🔸 Purchase Details:
- Date: February 1, 2021
- Investment: 2 $ETH ($ 2,625)
- Amount: 48.09B $SHIB
🔸 Sale Details:
- Sale Price: 278.7 $ETH ($ 1.1M)
- Profit: 419x!
Check the transaction on Etherscan: https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce?a=0xe3380616c58aacf30430bdde6e354aca423d7a4a
Stay tuned for more updates and incredible trading stories.
- 💰 JUST IN: Bitcoin ETFs around the world now hold +1 Million BTC under management.
- The market is now pricing-in just 1 interest rate cut for the entire 2024, according to Bloomberg.
This is down from 2 cuts being priced 10 days ago when April CPI inflation came at 3.4%. This comes as US PMI data on Thursday showed inflation remains sticky.
- According to Glassnode, small Bitcoin (BTC) holders, known as "shrimps," who own less than 1 BTC, hold about 7% of the total circulating supply.
This highlights their significant role in the ongoing trend of accumulating BTC.
- Key Events to Watch in the Coming Weeks:
🚀 Big Wins Ahead for Crypto?🚀
1️⃣ ETH Spot ETF Approval
2️⃣ SEC's SAB121 Repeal
3️⃣ FIT21 Bill Voting
Stay tuned!
These could be game-changers!
- 🚨 BREAKING: 🇬🇧 A judge has ruled in the COPA vs. Craig Wright lawsuit, declaring that Craig Wright is not Satoshi Nakamoto.
This is a significant victory for Bitcoin 👏
Stay tuned for more updates!
- 🚨 Bitcoin Alert 🚨
If #Bitcoin hits $ 59,736, a whopping $ 7.18 BILLION in longs will be liquidated! 😱
This massive liquidation could push #BTC down before we see any upward movement.
Stay alert and manage your risks!
- Currency against US Dollar, past month.
🇿🇦 South Africa: +5.2%
🇦🇺 Australia: +4.2%
🇷🇺 Russia: +3.1%
🇲🇽 Mexico: +2.8%
🇪🇺 Eurozone: +2.1%
🇬🇧 UK: +2.1%
🇰🇷 South Korea: +1.9%
🇮🇩 Indonesia: +1.6%
🇹🇷 Turkey: +1.5%
🇨🇦 Canada: +1.2%
🇮🇳 India: +0.4%
🇨🇳 China: +0.3%
🇯🇵 Japan: -0.7%
- 😀$ 122.8M Liquidated in last 24 Hrs.
Long Liquidation : $ 39.7M 😀
Short Liquidation : $ 83.1M 😀
📊High Liquidations : #Binance
Longs : #BTC $ 4.8M, #ETH $ 2.7M, #NOT $ 1.0M, #SOL $ 831.0K
Shorts : BTC $ 13.2M, ETH $ 7.9M, SOL $ 3.1M, NOT $ 1.3M
- 🚨 #EthereumETF Final Deadlines! 🚨
These are approaching & will likely get denied:
❌ May 23 - VanEck
❌ May 24 - Ark21Shares
❌ May 30 - Hashdex
These are more likely to get approved:
✅ Aug 3 - #Fidelity
✅ Aug 7 - #BlackRock
Can you wait 3 months, $ETH holders?
- According to 13F reporting, 937 professional firms were invested in U.S. spot Bitcoin ETFs as of March 31. In comparison, gold ETFs had 95 professional firms invested in their first quarter.
Retail owns a majority of the float. Professional investors held exposure of $ 11.06bn by the end of Q1, representing 18.7% of the BTC ETF AUM
- Fund Manager Pine Ridge Advisers discloses spot Bitcoin ETF holdings worth $ 205 million in new SEC filing.
That's 23% of their $ 890 million AUM
- Bitcoin’s 90-day correlation with US equities rose to 0.17 last week, after reaching a multi-year low of just 0.01 in March.
Overall, Bitcoin’s correlation with risk assets remains well below its bull market highs of over 0.6
- Total market volume dropped to the lowest level since Feb 24 or Q4 23.🔻
A calm before a big move. 🔼 🔽
- 💰 #Bitcoin is replicating the same path as it did after the 2016 Bitcoin halving event , with one indicator signaling it may be nearing its local bottom and another indicating it reaching $ 350,000 during "the peak" of this cycle. 💥
However, the price drawdown from the all-time high (ATH) chart — which measures the decline from Bitcoin's peak to its lowest point over a specific time frame — suggests a much more ambitious price.
- #Bitcoin Transaction fees are back to normal!
- Top 10 Crypto News In The Last 24 Hours 🚀
1️⃣ 💰 Bitcoin Slips to $ 63K as Crypto Market Faces More U.S. Regulatory Pressure.
2️⃣ 💰 Ethereum’s low gas fees drive $ETH burn rate to a yearly low.
3️⃣ 💰 Michael Saylor's MicroStrategy now holds 214,400 Bitcoin worth $ 13.6 billion, more than any country in the world.
4️⃣ 💰 Cardano (ADA) achieves a milestone with 90 million transactions on its blockchain network.
5️⃣ 🦊 Popular Crypto Wallet MetaMask Rolls Out 'Smart Transactions' to Combat Ethereum Front-Running.
6️⃣ 🇰🇷 Crypto, “including Bitcoin,” will be excluded from an amended South Korean donations law, government officials announced on May 5.
7️⃣ 🇺🇸 SEC to file a lawsuit against Robinhood's crypto business, issuing a Wells Notice to the company.
8️⃣ 🇵🇭 Philippines SEC to roll out new crypto guidelines by Q4 2024.
9️⃣ 🇰🇪 Kenyan President William Ruto appoints Marathon Digital to evaluate the nation's cryptocurrency regime.
🔟 🇪🇺 Kraken Expands to Europe After Strategic Alliance in Germany.
- Key Events This Week:
1. EIA Short-Term Energy Outlook - Tuesday
2. 10-Year Note Auction - Wednesday
3. Initial Jobless Claims data - Thursday
4. MI Consumer Sentiment data - Friday
5. Total of 8 Fed speaker events this week
6. ~20% of S&P 500 companies report earnings
- Bitcoin ETFs: 🇭🇰 Hong Kong vs USA 🇺🇸
🗓 Day 1 Trading Volume:
Hong Kong: $ 292M
USA: $ 644.3M
- 🚨 BREAKING NEWS: Vodafone Set to Integrate #Crypto Wallets with SIM Cards 🚀
The telecom powerhouse is taking a bold step towards mainstream adoption by embedding crypto wallets directly into SIM cards. This game-changing move aims to make digital assets more accessible and user-friendly for mobile users.
🔹 Simplified Access: Seamlessly store and manage crypto on the go, directly from your mobile.
🔹 Global Reach: Potentially enable billions of mobile users to enter the crypto space with ease.
🔹 Secure Storage: Utilizes SIM card encryption to safeguard your assets.
- Whale Activity Alert: Big Movements in $PEPE $LINK $UNI $MKR & $ENS
🔹 0x1A2E64B8a1977Bf018850b377020Bc33eAaAC3C9 withdrew 322.48B #PEPE (worth $ 2.78M) from Binance about 16 hours ago.
🔹 aavebank.eth (0xD730cd62CDA9cfdc109Be2d819B0337fafdCA959) withdrew:
1️⃣ 500K #UNI ($ 3.75M)
2️⃣ 183,799 #LINK ($ 2.62M)
3️⃣ 171 #MKR ($ 500K)
4️⃣ 31,139 #ENS ($ 483K) All from Binance about 10 hours ago.
🔹 Whales are accumulating major tokens in significant amounts.
🔹 Watch for potential market movements and stay updated on these tokens.
- Legendary trader Michael Burry, who predicted the 2008 financial collapse, warns about the U.S. government's debt:
"When interest on your debt surpasses your tax income, it's a Ponzi scheme."
&
Bitcoin:
1⃣ Fixed Supply
2⃣ Backed by Energy
3⃣ No one can control it
- #Bitcoin hashprice dips to new all-time lows of below $ 45/PH/Day🔻
- #Bitcoin whales, those holding massive amounts of BTC, have been on a buying spree. In the last 24 hours alone, they've gobbled up a staggering 47,000 BTC.
This significant accumulation could signal a few things: whales are spotting a bargain in the current market, anticipating a future price rise, or simply diversifying their portfolios.
- 🚨 GBTC sold 930 Bitcoin today, worth $ 55 million.
Their total outflows since launch have now reached 327,000 Bitcoin.
- U.S. Bitcoin ETF saw $ 36.7m net outflows. Only $GBTC was negative today
- The S&P 500 just posted its worst month since September 2023.
The index fell by 4.2% in April, recording the first monthly drop since October.
- 🇮🇷 Elizabeth Warren raises concerns over Iran’s crypto mining operations
Senators Elizabeth Warren and Angus S. King, Jr. have formally addressed top Biden administration officials in a letter concerning US efforts to combat Iran’s utilization of crypto mining as a means to evade international sanctions. Addressed to Secretary of Defense Lloyd Austin, National Security Advisor Jake Sullivan, and Treasury Secretary Janet Yellen, the letter details concerns over Iran’s increasing capabilities in the sector since it legalized crypto mining in 2019.
- Top 10 Crypto News In The Last 24 Hours 🚀
1️⃣ 💰 $BTC misses $ 60,000 by a few dollars as market recovery starts.
2️⃣ 💰 Ethereum Network growth hits one-year high witnessing creation of 266.6k new wallets.
3️⃣ 💰 Spot bitcoin ETFs record largest daily net outflows of $ 563 million ever.
4️⃣ 💳 MoonPay integrates PayPal to allow US users easier access to crypto purchases and sales.
5️⃣ 🚨 FBI busts $ 43M crypto and Las Vegas hospitality Ponzi scheme.
6️⃣ 💰 Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since
7️⃣ 💰 Coinbase revenue soars by 72% to $ 1.6 billion, smashing analysts’ predictions
8️⃣ 🇪🇺 BNP Paribas, Europe's second-largest bank, reported exposure to a spot Bitcoin ETF in its latest 13F filing.
9️⃣ 🇹🇷 Turkey officially halts all trade with Israel.
🔟 🇺🇸US Senators Urge President Joe Biden to Act on Crypto Regulation.
- Bitcoin's Rally to $ 73K Triggers Sell Pressure 🚀
In both the 2020-21 and 2023-24 bull runs, #Bitcoin rallies have reignited sell-side pressure.
As Bitcoin surges to new highs, like $ 73,000, dormant investors bring their supply back to the market, creating a mix of distribution and price contraction.
This pattern is now in full swing as Bitcoin reaches its recent peak.
- Breaking: Russia Stops Using Bitcoin: Bans All Non-Local Crypto Starting in September 📣
🚨 Major Crypto Update from Russia
➡️ Effective Date: September 1
➡️ Details: Russia has banned Bitcoin and all non-Russian cryptocurrencies. Only digital assets issued within Russia will be allowed moving forward.
➡️ Reason: In response to rising geopolitical tensions, the government is taking steps to control the crypto ecosystem more tightly.
➡️ Spokesperson: Anatoly Aksakov, head of Russia's financial committee.
Stay informed on global crypto regulations!
- Crypto
- Forbes Lists 20 Cryptos with Billion-Dollar Tags and Ghostly Transactions
Forbes listed 20 zombie coins, called them good-for-nothing blockchains. — "They are unproven and have little utility other than for speculative crypto trading."
👻 Zombie Coins List: XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS.
- Closing April in the red would be the first red month for #Bitcoin in the last 8 months.
- Before a Halving event, the unrealized profit in the Bitcoin supply is at its highest ever, measured by MVRV. This means investors are sitting on big paper gains compared to what they paid. With the MVRV Ratio at 2.26, the average BTC unit has a +126% paper gain at the halving event. Bitcoin top when MVRV is above 3.5 level.
- 🚨🚨 BREAKING: 🇺🇸 Republic First Bank officially collapses and seized by regulators.
- Stock Market hits highest market concentration since the Great Depression .
- 💰 JUST IN: BlackRock & Fidelity now hold 428,108 $BTC worth over $ 27 billion for their spot Bitcoin ETFs.
- While the U.S. consistently accounts for the lion’s share of stablecoin purchases, global demand is increasing, with a diverse representation of nations and regions contributing to over $ 40 billion in purchases in March 2024 alone
- US Oil Fund $USO, the biggest oil ETF, just saw a daily outflow of almost $ 400 million, the largest in history.
- Michael Saylor's MicroStrategy currently has a $ 6.2 billion unrealized profit on its Bitcoin investment.
- 💰 Franklin Templeton tokenizes $ 380 million US government money fund on Polygon, Stellar
Franklin Templeton has tokenized a $ 380 million treasuries fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries. The company has launched the Franklin OnChain United States Government Money Fund (FOBXX), offering shares as BENJI tokens. Each token represents a share of the FOBXX and is tradable on the public Polygon and Stellar blockchains.
- JUST IN: Tesla’s latest earnings report shows the company has not sold any additional #Bitcoin and still holds 9,720 #BTC ($ 643 million) 👀
- Gradually, then suddenly. #Bitcoin
- U.S. Bitcoin ETFs saw +$ 31.4m net inflows today.
Blackrock's $IBIT inflow streak is at 71 consecutive days