Crypto Coinfessions ✖️

From: rubikkav.nft #Glassnode: The number of #BTC whales has started to decline significantly since the end of May. Click here to learn more

From: rubikkav.nft Amid the negative news and #market #manipulation, it is important to understand that we are going through a healthy weekly correction. For now the calculations suggest that the #Bitcoin pullback will happen between $22k and $23k. So don't despair. Click here to learn more

From: rubikkav.nft #Bitcoin network’s hodlers, the class of investors that prefer to hold the asset instead of taking quick profits have remained resolute. BTC holders continued accumulation of the asset. Based on data from crypto intelligence tracker Glassnode, the cohorts of investors are c... Click here to learn more

From: rubikkav.nft The top #uncollateralized #lending protocols for institutions, #TrueFi and #Maple, have increased by 26.6% and 117.8%, respectively, in 2023. Centrifuge, a real-world asset tokenization platform, has surged by 32% year to date. In comparison, the gains recorded by the DeFi p... Click here to learn more

Following a surprise 25 basis points (#bps) rate hike delivered in May, the Reserve Bank of Australia (#RBA) board members decided to hike the Official Cash Rate (#OCR) by another 25 bps to 4.10% at its June policy meeting, a hawkish surprise once again. More: https://buff.ly/43QbBG7

From: rubikkav.nft #DeFi volumes Surge 444% After #Binance And Coinbase Lawsuits, according to #cointelegrap The DeFi #market had a bullish start to June, but the momentum didn’t last long due to the #SEC enforcement action in the second week. Most of the top 100 DeFi #tokens traded in the r... Click here to learn more

From: rubikkav.nft #Bitcoin #btc has been adopted faster than the internet during the first 14 years of its inception. As of Q2 2023, 64.6% of the world uses the internet. If demand continues to grow at this rate, imagine the potential impact on the $BTC price. Click here to learn more

From: rubikkav.nft #Bitcoin #derivatives #markets indicate a low probability of the #BTC price breaking above $27,500 in the short to medium term. In other words, Bitcoin’s market structure is bearish, so a $25,500 support retest is the most probable outcome. Traders’ margin-lending ratio sp... Click here to learn more

From: rubikkav.nft #Ripple #XRP remains > $0.5 amid many altcoins falling heavily after the #SEC ran into #Binance and #Coinbase. Social activity in the token is very high - the crypto community is actively discussing the token. Click here to learn more

From: rubikkav.nft ❗️There is now a 26% chance that the #Fed raises interest rates next week. This is the first Fed meeting since they started raising rates where there is not a clear consensus. Base case still shows a 64% chance of at least one rate hike by July. Next week’s Fed meeting is ... Click here to learn more

From: rubikkav.nft #Optimism #Mainnet underwent a major upgrade this week, #Bedrock, which introduced the complete rewrite of the core components of Optimism’s architecture. Optimism Mainnet is now built with the modularOP Stack. The main expected optimizations for Optimism Mainnet following B... Click here to learn more

From: rubikkav.nft #Crypto Derivatives Comprise A Record 79% Share Of #Trading #Volume Globally. While the #BIS does not track the notional exposure of other exchange-traded derivatives globally, derivative contracts on equities, commodities, and credit default swaps comprise only ~3% of the O... Click here to learn more

From: rubikkav.nft #Grayscale #Bitcoin Trust’s (#GBTC) discount compared to net asset value (#NAV), which is now at -43.10%. Despite improving this year, the discount fluctuates based on speculation related to their ongoing legal battle with the #SEC. Grayscale continues to contest the SEC's r... Click here to learn more

In May, #spot #trading #volume on centralised exchanges fell 21.8% to $495bn, recording the lowest monthly spot trading volume since March 2019. Source: https://buff.ly/3oLZdbz

From: rubikkav.nft #Bulls have been caught by surprise with the negative newsflow, says #cointelegraph. It is worth noting that the actual open interest for the June 9 expiry will be lower since bulls concentrated their wagers above $27,000. These traders got excessively optimistic after #Bi... Click here to learn more

After the #SEC lawsuit against #Coinbase, there was a surge in the number of users unlocking their #ETH on the exchange. Source: https://buff.ly/3J40BNk

#DeFi markets in constant decline since March 2021, seeing an 86.4% drop in the combined market cap of the top eight tokens, totaling $6.2 billion. Source: https://buff.ly/42zQKpA

From: rubikkav.nft Cccording to #onhain #metrics firm #Glassnode, an outflow of 10,500 BTC from #Binance has been observed following the SEC lawsuit. However, it should be noted that this current value is still small compared to the maximum net outflow recorded on the exchange, which was -40,... Click here to learn more

From: rubikkav.nft #Binance’s #liquidity has fallen from $30mn before the announcement to $22mn today. It has almost exactly the same amount of liquidity as the next 39 exchanges combined (minus the other exchanges charted). #Coinbase, meanwhile, has been nearly unaffected by the regulatory... Click here to learn more

From: rubikkav.nft #Binance’s #Spot #Market Share Falls for the Third Consecutive Month The halting of zero-fee trading for #USDT pairs, combined with general weakness in the market and increased scrutiny from regulators, has led to Binance’s spot market share falling for the third consecutive... Click here to learn more