Crypto Coinfessions ✖️

#Tether Continues To trade At A Slight Premium #USDT has been trading at a premium on centralized exchanges ever since the March banking crisis, which saw traders rotate funds out of USDC amid fears surrounding Circle's reserves. - read more.

Monthly #DEX volume on #Arbitrum and #Optimism now sits at around 20% of #Ethereum’s monthly volume. - read more.

#Ethereum #DEX Volume Dominance Decreasing Ethereum mainnet’s role as the hub for DEX trading volumes is showing signs of weakness. For the first time since the end of 2021, Ethereum’s 90 day moving average in DEX trading volumes is beginning to decrease. - source.

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Since The Merge moved #Ethereum away from an energy-intensive proof-of-work consensus mechanism to a more environmentally friendly proof-of-stake method, the supply of ether has declined by more than 100,000 coins. - read more.

A few hours after the closing of options contracts #Bitcoin #btc #btcusd #btcusdt shows a correction trend. The confirmation would be if the resistance of $28157.26 is broken. - read more.

The number of unique #NFT buyers on the main marketplaces began to decrease significantly in April. - source.

The OI in #CME's #Ether futures has grown by a whopping 39% since Shanghai upgrade, while #BTC activity reigns stale - source.

Close to 1.5 million #Ether #etherum #eth has been withdrawn since the Shanghai upgrade on Wednesday 12th of April. Two-thirds of these withdrawals are built-up rewards from past validator duties. - source.

#Bitcoin #btc #btcusd #btcusdt saw substantial gains in market share this quarter as traders fled even stablecoins for safety after regulatory challenges and banking turmoil. - source.

USD 17.3 million of deposits from US commercial banks are gradually falling and represent 65% of GDP, as reported by eToro. - read more - source.

#Bitcoin #btc #btcusd #btcusdt long positions across derivatives exchanges saw the largest liquidations so far this year. About $253 million in longs were liquidated, according to data from The Block. Most of the volume was on Binance and OKX, which saw $95.4 million and $85.2 million in liquidations, respectively. - source.

#Solana #solusd #solusdt is facing resistance at the 50-day EMA at $25.40 and 2022 breakout levels around $29.76. The Moving Average Convergence Divergence (MACD) indicator, a momentum indicator, shows a divergence between the price rally and the MACD indicator, hinting at a possible reversal. The support level lies at $20. Read the complete news and earn crypto for free 👏🏻

#Binance has activated the #ETH 2.0 stacking withdrawal feature. The exchange is the 4th largest in terms of #Ethereum stacking among companies. - source.

In Q1'23, The #Graph saw a 41% QoQ increase in USD revenue from query fees. - source.

2023 Q1 Overall #Crypto #Market Overview #bitcoin #btc Market rallied strongly in 2023 Q1, gaining close to 50% despite a mid March dip, with overall spot trading volume also increasing by 30%. - Source.

Global #ETH €Etherum futures open interest, excluding CME, has increased by almost 22% to $6.62 billion, Coinglass data show. Open interest in Deribit-listed ETH futures has jumped 30% to $750 million, reaching the highest since the May 2021 record high of $778.6 million. - source.

#Bitcoin suffered a sharp #pullback on Wednesday — sliding from $30,000 to $29,100 in a little under 30 minutes. The sudden sell-off liquidated long positions — affecting traders who were anticipating further price increases. - read the complete information.

#Bitcoin Funding Rate has turned negative on this dump. - Source.

Data Reveals #Bitcoin Exiting Bear Market as Transactions Pending Decrease A new report from Glassnode suggests that Bitcoin has built a strong footing below the $30,000 level. Network congestion persists since February. However, the decrease occurred in a period of 72 hours and in the last days. Read the complete article here and earn crypto for free - source.