Crypto Futures Trading

🇺🇸 SEC lawyers resign following controversial DEBT Box case Two SEC lawyers have resigned following controversies in the regulator’s legal case against crypto firm DEBT Box. Bloomberg reported on April 22 that Michael Welsh and Joseph Watkins, who served as lead SEC attorneys in the ongoing case, resigned in April. The regulator reportedly intended to terminate both lawyers if they did not resign. Bloomberg said neither Welsh nor Watkins responded to its request for comments. Source https://t.me/Crypto_Futures_Trading

🇹🇭 Thailand plans to block unauthorized crypto platforms from local users Thailand's Securities and Exchange Commission has announced that it plans to block local access to unauthorized cryptocurrency platforms, and has asked local investors to move out their funds from such platforms. Following a meeting on April 19 with a government committee on preventing technology-related crimes, the SEC was ordered to submit information on locally unauthorized digital asset service providers to the Ministry of Digital Economy and Society. Source https://t.me/Crypto_Futures_Trading

🕶Just providing analyzes on regular basis. #Crypto #Alts 📲 @JeffRoss Not Financial Advice

📊 CEX Trading Volumes Nearly Triple Since October 2023: Bybit Bybit’s Institutional Report 2024 revealed a significant increase in monthly trading volumes across several centralized exchanges (CEXs) from October 2023 to March 2024. Bybit Exchange emerged as one of the fastest-growing platforms, showing a remarkable 264% growth in trading volumes. Additionally, the U.S.-based exchange Coinbase experienced an uptick in volumes, rising by 193%, slightly below the industry’s average growth rate of 255%. Source https://t.me/Crypto_Futures_Trading

💰 Bitcoin's halving created the most valuable blocks in history, aside from one Bitcoin's halving may have split the reward paid to miners in half, but a fierce battle for blockspace generated millions of dollars of payments to miners as the halving commenced. In fact, aside from an apparently accidental $3 million overpayment last November, all of Bitcoin's top 10 most valuable blocks have been mined since the halving, as first flagged by X user Clark Moody, in terms of U.S. dollar value at the time the block was mined. Source https://t.me/Crypto_Futures_Trading

🥇 Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday morning at 7:30 a.m. EDT, transfer fees are down to $34 per transaction. Source https://t.me/Crypto_Futures_Trading

💰 Bitwise CIO believes market has not priced in future demand for Bitcoin post-halving Bitwise CIO Matt Hougan cast doubt on whether current prices truly capture the potential impact of increased demand following Bitcoin’s upcoming halving based on the Efficient Markets Hypothesis (EMH). Hougan raised critical questions about the limitations of EMH in anticipating what the market will be like post-halving. He pointed out that while EMH suggests that Bitcoin’s current price reflects all available information, including the anticipated supply cut from the halving — it does not account for unexpected shifts in market demand. Source https://t.me/Crypto_Futures_Trading

💰 Bitcoin soars to $65,000 as Israel-Iran sparring looks to conclude Bitcoin’s price momentarily exceeded $65,000 as the market reacted to seemingly reducing geopolitical tensions between Israel and Iran. During the past week, the crypto industry slumped amid escalating tensions in the Middle East and plunged again in the early hours as news broke of Israel’s retaliation on Iran. However, following the muted response from Iran and tempered action from Israel, this morning saw a turnaround as the broader crypto market rose by more than 4%. Source https://t.me/Crypto_Futures_Trading

🟠 Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts of BTC and BNB. Source https://t.me/Crypto_Futures_Trading

💰 Bitcoin Miners Remain Optimistic About Future Despite Anticipated Revenue Loss The CEOs of bitcoin mining firms reportedly remain bullish despite the anticipated drop in block rewards, which is set to follow the top cryptocurrency asset’s halving on or around April 20. Many of the CEOs believe a combination of low-cost operations and more efficient equipment will enable miners to offset the revenue loss related to the halving. According to a report, Bitcoin’s fourth halving since its launch will result in miners losing as much as $10 billion in revenues. Source https://t.me/Crypto_Futures_Trading