My name is Brendan otherwise known as the crypto analyst on YouTube. I make videos on Trading, Investing, Cryptocurrency, Blockchain Tech, Stocks and more!
Quantum computing is a real issue. It is also overstated for Bitcoin specifically.
@paoloardoino on @CRYPTO101Pod explains why the broader internet is the more immediate concern.
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
Hyperliquid takes 44.58% of all crypto fees this week
97% of those fees automatically goes to buy and burn $HYPE
This is the flywheel people keep underestimating
HL taking the whole crypto
Bitcoin also continues to show resilience as it tests the upper bounds of a potential bear flag. Technical Analysis 101 states that when bear market rallies get overbought (per the stochastics below), it’s usually the kiss of death and time to sell. However, during bull markets overbought momentum means that the market is strong and likely to stay strong. My conclusion is that if Bitcoin cannot be pulled down by this current combination of overbought momentum and trendline resistance, then this is an emerging bull market and not a bear market rally. That’s been my hunch all along and it may be about to get confirmed. More on this later.
So far today...
1) Meta revealed plans to roll out stablecoins payments across Facebook, Whatsapp and Instagram (that's 3 billion users);
2) Coinbase turned on stock trading -- 24/5, zero commissions;
3) Kraken rolled out 24/7 perps trading on tokenized stocks;
Eight months ago the SEC said "let there be superapps" and the market is responding.
BREAKING: Hyperliquid is quietly outgrowing Coinbase.
Trading Volume (Notional):
• Coinbase: $1.4T
• Hyperliquid: $2.6T
That’s nearly 2x Coinbase’s volume… from an onchain exchange. And the market is noticing.
YTD Price Performance:
• Hyperliquid: +31.7%
• Coinbase: -27.0%
A +58.7% divergence in just weeks.
Inflation is now under 1%.
I continue to pound the table that deflation is the bigger risk than inflation.
The Fed has screwed this up and should be cutting aggressively right now!
BREAKING: Coinbase, $COIN, announces it has integrated Jupiter Exchange directly into its onchain trading stack.
This means that millions of Solana-based tokens can now be traded on Coinbase for the first time ever, all through Jupiter.
Rather than the slow, manual process of listing tokens on a centralized order book, Coinbase is now using onchain technology to grant instant access to Solana-native assets.
Under the new integration, users can deploy existing Coinbase balances and payment methods to trade tokens from a self-custodial wallet.
Even centralized exchanges are moving onchain.