Crypto Ocean

🇨🇳В China has stopped the activities of an underground bank with a turnover of $1.9 billion in USDT - the bank provided financial services to smugglers and those wishing to move assets abroad. 📈Crypto_Ocean

💡💡💡 US announced the inflation figures: ⚫ CPI: 3.4% YoY, 0.3% MoM ⚫ Forecasted CPI: 3.4% YoY, 0.4% MoM Following this announcement, traders increased their bets on the Fed cutting interest rates in September and December, as the CPI data was slightly lower than expected. In response to this news, the price of Bitcoin has already risen by approximately 2%, reaching $63,300. 📈Crypto_Ocean

Crypto speak: OTC “OTC” (over-the-counter) is the trading of crypto bypassing classic exchanges without intermediaries. The buyer and seller directly agree on the rate of the asset, the amount of the transaction, and other details. In order for buyers and sellers to find each other, OTC platforms work on the market. They play the role of a guarantor of the fulfillment of the terms of the transaction. If the parties have claims against each other, the OTC platform investigates and gives its verdict. The OTC market is used by business clients and large sellers and buyers because it is suitable for large transactions. 📈Crypto_Ocean

⚡️ LayerZero multihackers voluntarily reported 100,000 addresses belonging to them - now the team uses this data to search for other multihackers using similar software or techniques. As a reminder, the project team offered to voluntarily dump their accounts in exchange for a guaranteed 15% of their share in AirDrop. 📈Crypto_Ocean

🔍 There are 1,700 addresses holding more than 1,000 BTC, and 2,200 addresses with balances between 500 and 1,000 BTC More than 32 million addresses (i.e. more than 90% of all entities in the network) hold less than 1 BTC The full distribution of all bitcoins is in the chart below 📈Crypto_Ocean

Crypto speak: SBF “SBF” stands for Sam Bankman-Fried, the founder of the FTX crypto exchange, which, last year, was ranked second among all major rankings of cryptocurrency trading platforms behind only Binance. In the fall of 2022, the FTX platform collapsed. There were a lot of discussions and theories surrounding its demise (there is even a widely held theory that FTX was eliminated by the well-known CZ). But anyway: SBF is now under investigation and in jail, and his next trial is scheduled for October 3. SBF himself recently described himself as “one of the most hated people in the world.” The former FTX head faces up to 115 years in prison (that’s not a typo). 📈Crypto_Ocean

🔒 Notcoin will close deposits to exchanges Notcoin will close deposits to exchanges tomorrow and will only open after NOT listing. 📈Crypto_Ocean

📊 25% of Bybit's traffic comes from Russia Russia is also the largest market for OKX (9%), Bitget (9%). Visits to crypto exchanges' websites decreased by 22% in April, while spot trading volume decreased by 37.9%. Data - Colin Wu. 📈Crypto_Ocean

What is token/cryptocurrency issuance? Token issuance is one of the most important processes in the world of blockchain technology and cryptocurrencies. It is the process of creating new tokens that are injected into a cryptocurrency’s circulation. In general, it is the “minting” of new coins—like a government running a printing press and issuing more money. You will come across concepts like “total issuance,” which is the total number of coins of a particular crypto. Or with the concept of “primary issuance,” which is the initial amount of crypto issued. 📈Crypto_Ocean

📊 25% of Bybit's traffic comes from Russia Russia is also the largest market for OKX (9%), Bitget (9%). Visits to crypto exchanges' websites decreased by 22% in April, while spot trading volume decreased by 37.9%. Data - Colin Wu.