Crypto Coinfessions ✖️

#Bitcoin #btc #btcusdt #btcusd fell 4.2% on the week, a byproduct of the regulatory uncertainty that has gripped the industry, even though it is not focused on bitcoin, as reported nydig. Read More: https://buff.ly/46djB63

#OpenInterest Plummets Following Largest Liquidation Event Since #FTX, according #CCData. #btc #bitcoin #btcusd #btcusdt Open Interest as well has been one of the major metrics affected by the current turmoil. Read More: https://social.wubits.io/share/648dd088961433387397ad83?rid=63dffbc796acc11510f0903b&utm_source=link

Since its mainnet launch in March 2023, #zkSync Era has experienced tremendous growth, reaching one million transactions in just four days, a rate quicker than any other Layer 2 according to #L2Beat. Read More: https://buff.ly/43LXm5D

Interestingly #BTC #Bitcoin liquidity has been one of the hardest hit, falling from 14k BTC within 1% of the mid price at the start of the year to just over 9k today, according to #Kaiko. Source: https://buff.ly/3NdPNxJ

#Polygon is leagues ahead of the others #Ethereum assets Layer 2, with 35.2m active wallets over the past week alone, as reported #dunedigest. Source: https://buff.ly/46bRV1m

From: rubikkav.nft According to the futures premium for #Ethereum ans as reported #cointelegraph, known as the basis indicator, professional traders have been avoiding leveraged longs (bullish bets). Despite the modest improvement to 2%, the indicator remains far from the neutral 5% threshold... Click here to learn more

From: rubikkav.nft The U.S. regulatory crackdown and banking crisis has also made #USD-denominated crypto transactions a lot harder. Since March, there is a drop in #dollarmarket share relative to the #euro. #EuroMarket share is now 18%, up from just 9% at the start of the year relative to th... Click here to learn more

From: rubikkav.nft #Ethereum L2 scaling platforms have truly arrived. One year ago they existed, but were still somewhat nascent. Now though, they’re big time, says #dunedigest #report. A lot has changed over the past 12 months. One year ago, there were far more transactions on Ethereum. Ove... Click here to learn more

From: rubikkav.nft In the past couple of days, #USDT became decoupled from its $1 peg as the #stablecoin’s value plunged to $0.996, as reported #bitcoinist. Since then, however, the asset has seen some recovery, although the $1 peg is yet to be regained as Tether still trends under $0.999. W... Click here to learn more

From: rubikkav.nft #CentralizedLiquidity has been hit as hard as anything this bear market as regulatory and banking issues have driven the likes of Jump and Jane Street to retreat from offering liquidity in the US while global liquidity also falls, according to #Kaiko. Market makers leaving ... Click here to learn more

From: rubikkav.nft #Bitcoin price has been observing a downtrend for weeks now while the stock markets are enjoying growth. Earlier this year, the situation was reversed when the banking failure in the United States depreciated the #SP500 Index, during which #BTC performed well. Since then,... Click here to learn more

From: rubikkav.nft The #US #CentralBank concluded its two-day meeting on Thursday with a “hawkish pause”. #FOMC members indicated their expectations for rates further out through the so-called “dot plot”. The dots moved upward, meaning that the median expectation for interest rates increas... Click here to learn more

#Bitcoin #dominance has reached 45.84%, according to The Block's Data Dashboard. The last time such a level was seen was in July 2021, when it peaked at 46.77%. Read More: https://buff.ly/3JfybQK

From: rubikkav.nft #Bitcoin Illiquid Supply continues to grow at a rate of +119K #BTC / Month, suggesting coins continue to concentrate into illiquid wallets with a sparse history of spending, according to #glassnode. This infers that HODLing remains the primary market dynamic. Click here to learn more

From: rubikkav.nft #CRV liquidity off-chain has seen a big drop off over the last year, with 2% ask depth down from a high of $3m a year ago to below $1m now, according to #Kaiko. The majority of CRV volume is on #CEXs, and the built up loan position presents an interesting dilemma. It’s imp... Click here to learn more

From: rubikkav.nft List of #Cryptocurrencies Considered as #Securities by #SEC, according to #cryptorank. The number of tokens labeled as securities by the US SEC has risen to around 55 (excluding 13 tokenized stocks), following the inclusion of additional ones in the #Binance and #Coinbase la... Click here to learn more

From: rubikkav.nft Total amount of outstanding debt collateralized by blue-chip #NFT collections currently stands at a staggering $172 million, with #Azuki being the most leveraged collection at approximately $62 million. Click here to learn more

From: rubikkav.nft Announcement of the lawsuit saw the listed #cryptocurrencies fall by varying degrees. The #Sandbox (#SAND) fell the most, dropping -11.4% on June 6, before falling -35.0% by June 12, from $0.59 to $0.39, according to #coingecko #Cryptocurrencies in the top 10 by #market #... Click here to learn more

From: rubikkav.nft Before #Shapella enabled withdrawals, the amount of #ETH #Ethereum staked (in total and with a protocol) could only increase and naturally followed an up-and-to-the-right trajectory. However, since ETH had to be locked for an unknown period, the risks were perceived to be h... Click here to learn more