Ali, an on-chain analyst, posted on X platform, stating that in the past week, over 33,000 BTC were sent to exchanges, worth over $3.23 billion.
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Over 33,000 BTC Sent to Exchanges in the Past Week
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Bitcoin bulls spot bottoming signs as longtime bears take victory laps
The Financial Times and Peter Schiff were among the no-coiners giving themselves pats on the back as crypto crashed this week.
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$44B bitcoin blunder puts South Korea regulators on alert over local crypto exchanges
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Tether's gold stash tops $23 billion as buying outpaces nation states, Jefferies says
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Address poisoning recently cost 2 victims over $62M alone: Scam Sniffer
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Dragonfly's managing partner refutes a16z's partner: Strong regulation does not help scale crypto; the core application lies in financial use cases.
Dragonfly managing partner Haseeb posted on the X platform refuting a16z partner Chris Dixon. He stated: Most non-financial crypto use cases have not passed market demand verification and are not affected by regulation or industry scandals. If regulation and fraud were obstacles to the large-scale development of the crypto industry, then financial crypto use cases, which face stronger regulatory pressure and more frequent fraud, should also fail, but the opposite is true. Currently, almost all large-scale implemented crypto applications have financial attributes, including Bitcoin, stablecoins, programmable money, DeFi, prediction markets, NFTs, and RWA. In the past, a large amount of capital and talent explored Web3 consumer scenarios, but market demand did not materialize. In fact, the crypto industry does not need to rely on narratives such as "it will definitely disrupt gaming and media in the future"; the innovation potential in the financial sector alone is enough to support the industry's long-term growth. -
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the market shows BTC breaking through $71,000, currently at $71,018.94, with a 24-hour increase of 2.32%. The market is highly volatile, please manage your risk accordingly. -
Yi Lihua: The market cycle remains valid, and we remain optimistic about the next bull market opportunity in the industry.
Liquid Capital founder Yi Lihua stated in an article that first, he acknowledges that the market cycle is still valid. With the US stock market holding strong and the new phase of DAT/ETF, the consensus in the crypto circle has not been broken, coupled with the market being easily manipulated. But on the other hand, thinking in reverse, entering a bear market in the crypto space is also the best time to lay out plans, just like in the last cycle when we benefited from positioning during the bear market. The future is bright, still optimistic about the next bull market opportunity in the industry, will continue to work hard building, pessimists are correct, optimists win. -
Trend Research sold another 20,770 ETH in the past 20 minutes, equivalent to approximately $43.57 million.
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