Bitcoin's recent surge sees whales and sharks accumulating aggressively while smaller holders exhibit mixed behavior. With whales holding 84,000 BTC more and sharks increasing their net position by 244,000 BTC, sentiment divides between smart money and dumb money, hinting at bullish prospects despite price volatility and challenges in price discovery.
Xu LinSolana's DEXs withstand a 32% DeFi volume drop, showing only a 4% dip. Despite challenges, Solana's dominance in the market grows, marking significant yearly growth. Analysts warn of a potential price decline, emphasizing the need for cautious market navigation.
SanyaBybit, a major cryptocurrency exchange, has expanded its supported cryptocurrencies to 32, reflecting substantial user asset growth. The latest reserve report highlights increased diversity and user engagement, particularly in Bitcoin, Ethereum, and Tether. This strategic move aligns with Bybit's commitment to meeting evolving market demands.
Cheng Yuan
JinseFinanceThe report comes amidst the bankruptcy of the platform following reports of criminal activity by founder Sam Bankman-Fried and the company’s top executives.
OthersBlueBenx’s lawyer, Assuramaya Kuthumi, revealed that the attack resulted in the loss of $32 million, which many investors found hard to believe.
CointelegraphWhile Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation.
CointelegraphCosmos-inspired DeFi platform Umee set a record for a Coinlist public sale with nearly 1 million unique applicants and 63,000 total contributors.
CointelegraphThe U.S. dollar index could rally further in the coming weeks, which is typically bad news for Bitcoin.
CointelegraphThe potential acquisition would follow Coinbase CEO Brian Armstrong announcing plans to expand to every country in which the exchange can legally operate.
Cointelegraph