#DeFi volumes Surge 444% After #Binance And Coinbase Lawsuits, according to #Cointelegraph
The DeFi #market had a bullish start to June, but the momentum didn’t last long due to the #SEC enforcement action in the second week.
Most of the top 100 DeFi #tokens traded in the red, with the total value locked falling below $50 billion again.
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The DeFi #market had a bullish start to June, but the momentum didn’t last long due to the #SEC enforcement action in the second week.
Most of the top 100 DeFi #tokens traded in the red, with the total value locked falling below $50 billion again.
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Following a surprise 25 basis points (#bps) rate hike delivered in May, the Reserve Bank of Australia (#RBA) board members decided to hike the Official Cash Rate (#OCR) by another 25 bps to 4.10% at its June policy meeting, a hawkish surprise once again. More: https://buff.ly/43QbBG7
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The top #uncollateralized #lending protocols for institutions, #TrueFi and #Maple, have increased by 26.6% and 117.8%, respectively, in 2023.
Centrifuge, a real-world asset tokenization platform, has surged by 32% year to date.
In comparison, the gains recorded by the DeFi pulse index in the same period were 13%. Glassnode’s index of DeFi blue-chip tokens has lost 7% since the year’s start..
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Centrifuge, a real-world asset tokenization platform, has surged by 32% year to date.
In comparison, the gains recorded by the DeFi pulse index in the same period were 13%. Glassnode’s index of DeFi blue-chip tokens has lost 7% since the year’s start..
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#Bitcoin network’s hodlers, the class of investors that prefer to hold the asset instead of taking quick profits have remained resolute. BTC holders continued accumulation of the asset.
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Amid the negative news and #market #manipulation, it is important to understand that we are going through a healthy weekly correction.
For now the calculations suggest that the #Bitcoin pullback will happen between $22k and $23k. So don't despair.
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For now the calculations suggest that the #Bitcoin pullback will happen between $22k and $23k. So don't despair.
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#Glassnode: The number of #BTC whales has started to decline significantly since the end of May.
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#Ethereum Is Not Only The Only Option, These Layer Two #Networks Can Surprise Many Investors #bitcoin #btc #ethereum #eth #matic #op #arb
Layer two networks want to stand out by making many people interested in having cheaper possibilities to make their transactions. Read More - Win Crypto: https://buff.ly/460iFSo
Layer two networks want to stand out by making many people interested in having cheaper possibilities to make their transactions. Read More - Win Crypto: https://buff.ly/460iFSo
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#US #Trade Deficit Widens, Posing Challenges for #Economic Growth
The trade deficit in the United States has seen its most significant rise in eight years, broadening by $14.0 billion to hit $74.6 billion in April, as reported by the US Department of Commerce on Wednesday, 7.
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The trade deficit in the United States has seen its most significant rise in eight years, broadening by $14.0 billion to hit $74.6 billion in April, as reported by the US Department of Commerce on Wednesday, 7.
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Last week the #CBOE's #Volatility Index (#VIX) fell to its pre-pandemic levels while the #S&P500 technically entered a #bullmarket (up more than 20% from recent lows). #bitcoin
The VIX measures the expected volatility of the S&P 500 over the next 30 days.
While the current low levels of the VIX can be explained by technical factors such as options supply and demand, historically, it tends to decrease during periods of market optimism and increase during equities sell-offs.
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The VIX measures the expected volatility of the S&P 500 over the next 30 days.
While the current low levels of the VIX can be explained by technical factors such as options supply and demand, historically, it tends to decrease during periods of market optimism and increase during equities sell-offs.
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According to #glassnode, We can see that aggregate transfer volume is also trading at cyclical lows. #bitcoin #crypto
This week did not see any appreciable uptick on overall transfer volume, remaining at around $2.85B/day.
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This week did not see any appreciable uptick on overall transfer volume, remaining at around $2.85B/day.
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According to the Institute for Supply Management (#ISM), the #US services sector experienced minimal growth in May, primarily due to a decline in new orders.
The non-manufacturing #PMI reported a reading of 50.3 while the consensus forecast was 52.2.
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The non-manufacturing #PMI reported a reading of 50.3 while the consensus forecast was 52.2.
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#Cash Is The Most Widely Used #Payment Method At Points Of Sale In The #EuroZone
According to the results of the study carried out by the European institution, the payment habits of consumers in the euro area revealed that cash was the most used method.
Likewise, a first study was carried out on the use of cash by companies, and it was concluded that 96% of those that provided services, especially to private clients, accepted cash and more than 90% plan to continue accepting it in the future.
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According to the results of the study carried out by the European institution, the payment habits of consumers in the euro area revealed that cash was the most used method.
Likewise, a first study was carried out on the use of cash by companies, and it was concluded that 96% of those that provided services, especially to private clients, accepted cash and more than 90% plan to continue accepting it in the future.
Click here to learn more
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A positive #fundingrate indicates that longs (buyers) demand more leverage. #btc #eth #cointelegraph
Still, the opposite situation occurs when shorts (sellers) require additional leverage, causing the funding rate to turn negative.
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Still, the opposite situation occurs when shorts (sellers) require additional leverage, causing the funding rate to turn negative.
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#Bitcoin (#BTC) is currently undervalued compared to the #SP500, based on a metric that conducts an Ordinary Least Squares (OLS) regression analysis of the relationship between Bitcoin and the S&P 500 over the past 200 days.
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The #market remains at a decision point as the #Bitcoin Spot Price continues to indecisively oscillate around the Short-Term Holder Cost-Basis, according to #glassnode.
A retest and strong bounce off of the Cost-Basis would suggest significant strength in the prevailing trend, whilst a decisive break below would infer weakness in the current market.
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A retest and strong bounce off of the Cost-Basis would suggest significant strength in the prevailing trend, whilst a decisive break below would infer weakness in the current market.
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#Bitcoin fell 1.2% on the week, an amazing feat given the news about #Coinbase and #Binance that came out over the week.
At one point, bitcoin had clawed back nearly all of its losses sustained in the wake of the Binance announcement, a testament to how washed out the sentiment was for the asset.
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At one point, bitcoin had clawed back nearly all of its losses sustained in the wake of the Binance announcement, a testament to how washed out the sentiment was for the asset.
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#HedgeFunds have continued their record-breaking trend of selling short-dated U.S. Treasuries.
According to data compiled by the Commodity Futures #Trading Commission, leveraged investors have increased their net-short two-year Treasury positions for an 11th consecutive week up until June 6, 2023.
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According to data compiled by the Commodity Futures #Trading Commission, leveraged investors have increased their net-short two-year Treasury positions for an 11th consecutive week up until June 6, 2023.
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Currently, the #Tether premium on #OKX stands at 99.8%, indicating a balanced demand from retail investors, according #cointelegraph.
Consequently, the indicator shows resilience considering the cryptocurrency markets dropped 17.7% over the last eight weeks to $1.06 trillion from $1.29 trillion.
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Consequently, the indicator shows resilience considering the cryptocurrency markets dropped 17.7% over the last eight weeks to $1.06 trillion from $1.29 trillion.
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#Bitcoin (#BTC) whales are heavily accumulating despite weak price action, adding around $26 million per day since April 9th, as reported by #Santiment.
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Ethereum Name Services (#ENS) is the most popular crypto domain provider, with 3.25 million registered domains as of June 2023.
#UnstoppableDomains came in closely at 3.05 million registered crypto domains, followed by SPACE ID with 1.08 million registered domains and Lens Protocol with 0.12 million registered profiles.
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#UnstoppableDomains came in closely at 3.05 million registered crypto domains, followed by SPACE ID with 1.08 million registered domains and Lens Protocol with 0.12 million registered profiles.
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