.@FTX_Official passed on a deal to purchase beleaguered crypto lender @CelsiusNetwork after examining the poor state of its finances, according to The Block.
By @JamieCrawleyCD
https://t.co/WUT5LPoX9i
Hopes for an imminent approval of spot #bitcoin ETF applications from @Grayscale and @bitwise have faded, despite earlier optimism.
@mikeybellusci reports
https://t.co/Hey3eHmbUI
The #Bitcoin drawdown from ATH has reached 73.3%, compared to previous bear market lows of between 75% and 84%.
The duration in this bear is:
- 435-days from the Apr-2021 ATH
- 227-days from the Nov-2021 ATH
This firmly places the current bear within historical bear norms.
The #Bitcoin Mayer Multiple is currently trading at 0.5, meaning price is at a 50% discount to the 200-day Moving Average.
#Bitcoin prices have only closed at a Mayer Multiple value of 0.5 or lower on 3% of all trading days.
Live Chart: https://t.co/pmacS8cFrk
Most #Bitcoin cyclic indicators are saying the bottom.
Not sure how long it would take for consolidation in this range tho. Opening a big short position here sounds not a good idea unless you think that $BTC is going to zero.
Live Dashboard 👇
https://t.co/HyTvRA6QrW
As the #Bitcoin market consolidates below all-time-highs, Long-Term Holders are able to realise larger profit multiples.
The current spending pattern in the LTH-SOPR metric indicates they are realising 300% profits on aggregate.
This compares to 800% last time $BTC was at $64k.
JUST IN: @SBF_FTX's crypto exchange has raised $420,690,000 from 69 investors in a Series B-1 funding round that values @FTX_Official at $25 billion.
@realDannyNelson reports
https://t.co/slalpnCz5u
📈Hashrate near ATH, just as $BTC
"Hashrate at less than 20% of the last historical top reached around 200,000 Ehash/s." by @gaah_im
Check👇
https://t.co/5xMIrvYIYh
NFTs for music!
NFTs for gaming!
NFTs for breakfast cereal!
I spoke with a bunch of smart people about the future of NFTs. I mean, a year ago, no one had heard of them...now they dominate the art discourse.
What's next?
My latest, for @CoinDesk.
https://t.co/YnK3ZU2Jha
Blockchain auditor @certik_io has raised $37 million in a Series B fundraising round led by Coatue Management and Shunwei Capital.
@IanAllison123 https://t.co/fFe8iww3nN
.@ColumbiaCompSci researchers @GuRonghuiEric and Jason Nieh have developed a system that guarantees, through a mathematical #proof, the security of virtual machines in the #cloud. https://t.co/XwHc6D2CkY