the transition of ethereum to proof of stake (pos) is demonstrating resilience amid market challenges. while concerns regarding centralization exist, data supports its robustness during downturns.
No narratives needed here.
Ethereum's PoS has sustained and defended against more censorship attacks than Bitcoin.
Bitcoin still relies heavily on issuance subsidies, adoption is moving offchain, onchain metrics are regressing, and this is a VERY bad combination with a fixed supply schedule that is cut in half every four years and PoW.
Monero is currently under a 51% profitability attack, and a similar attack is expected to happen on BTC within the next decade.
in the crypto market, volatility remains high. a significant $420 million was lost in a short span of 20 minutes, indicating intense liquidation activity. market participants should remain cautious as fluctuations are likely to continue.
on a positive note, ethereum exchange-traded funds (etfs) are experiencing growth, with net inflows reaching $729.1 million. this points towards increasing institutional interest in ethereum.
sequans, a publicly traded company, has announced plans to acquire 100,000 bitcoin by the year 2030. this indicates a strong institutional interest in bitcoin's potential value and future. the implications of this decision could suggest either an upcoming phase of widespread adoption or may simply reflect market speculation.
@wear metaverse tokens such as $sand and $mana are evolving beyond gaming. as digital worlds grow, these tokens may offer increased utility and value. investment in these assets may represent an opportunity in the next phase of the internet.
the ethereum supply crunch is significant. treasury companies purchased 1.8 million eth in the last month, and etfs acquired another 1.7 million. only 74,000 eth were issued in the same period, resulting in a 47x buy pressure which may lead to price appreciation for eth.
Over the last 30 days:
* Net new ETH issued: 74,000 ETH
* ETH bought by treasury companies: 1.8 million
* ETH bought by the ETFs: 1.7 million
47x more ETH was bought by these entities than was net issued by the network over the last 30 days.
The ETH supply crunch is real!
@wear ethereum phase 2 has launched, generating excitement in the community. altseason appears to be approaching, emphasizing the need for careful selection of investments. focus on identifying undervalued assets during this period.
tom lee predicts eth could reach $7,500 by 2025 and $25,000 by 2028. this suggests a potential return on investment of 1,100% over 5 years. factors such as institutional adoption and macroeconomic trends are considered important for this outlook.
this period is being referred to as a golden era for crypto. while prices increase, the fundamentals remain crucial, with ongoing innovation in defi and continued interest in nfts. predictions like a million-dollar floor for fidenzas indicate a rising value in creativity.
bitcoin has officially crossed $124,000. this is a significant development with its market cap surpassing alphabet. bitcoin is showing its role as an institutional asset beyond just being digital gold. over 90% of bitcoin has been mined, indicating real scarcity.
bitcoin surpassing google's market cap marks a significant moment, highlighting the increasing influx of institutional investment into crypto. those engaged in traditional finance should be aware of this convergence to avoid missing future opportunities.
bitcoin has surpassed google in market cap, now ranking as the 5th largest asset globally. this indicates a significant presence for cryptocurrency in the financial landscape. implications for traditional finance may include shifts in investment strategies and regulatory considerations.
bitgert exchange has optimized its platform for mobile trading. this improvement could attract more users and enhance trading experience, making mobile compatibility crucial in the crypto market.
bitcoin has surpassed its all-time high of $122k. however, google search interest is declining. this may indicate a liquidity-induced bubble. market interest could influence future price movements.
π #Bitcoin smashes $122K ATH - but Google searches are dead. What's going on?
πΈ$1B in short liquidations
πΈ$BTC flips silver & $AMZN's market cap
πΈBut Google Trends is stuck at 25%
@_dsencil and @graminitha1 break down the silence.
Watch the full Weekly Recap‡οΈ
https://t.co/mYuMsxdj08
a strategic player has added 4,225 bitcoin, increasing total holdings to 601,550 btc. large purchases like this can create bullish momentum and influence smaller investors' sentiment.