descending broadening wedge seems to be forming

upside break with strength and we go for 29k

a breakdown and we’ll see 24k and lower

bids are strong at 25k support so i think if we do head down it’ll be another wave and reaccumulation

clear insider trading was seen also with shorts opened before SEC Binance news came out but they only closed after SEC coinbase news was released

shorts closing with strong bids at 25k waiting hence we have price running back

quite amazing how these news don’t really affect the market that severely anymore

seller exhaustion is also noted the past week + HTF btc also forms a bull flag with a retest of HnS neckline

temp bias lies long but it’s just my 2 cents

htf HnS w retest on neckline + bullflag

good episode that breaks down data sampling and danksharding

good listen if you haven’t caught up with EIP-4844

https://open.spotify.com/episode/7lgIAg0yuI6e4QZBio26TL?si=eHQXh67mTGSvs24vaHA6vA

Circle Internet Singapore has obtained a license from the Monetary Authority of Singapore (MAS). The license allows Circle Singapore to offer digital payment token services, alongside cross-border money transfer services and domestic money transfer services in the city-state via its various products and services, including the Circle Account, which allows institutional customers access to USDC. — link

ENS announced the .box, which will be the first Blockchain native DNS-routable TLD, and it's enabled via ENS. All registrations and transfers will be onchain, and the owner of the NFT will own both the DNS and ENS names. The .Box project will go live in September. — link

Ethereum Name Service is set to support a web domain called .box that can be routed on web browsers, just like any conventional internet domain.

powered by ENS, the owner will own both ens and dns

https://www.theblock.co/post/233455/ethereum-name-service-blockchain-browser-domains

if you’re still here and invested in crypto after all that’s happened over the past year, good job and congrats 🤝🏼

see you at the top, wagmi

• Arbitrum stopped processing transactions for an hour today after its central piece of software that bundles transactions — the sequencer — ran out of funds for gas.
• Arbitrum has only one sequencer and it needs to be manually replenished with Ether.
• Although Arbitrum is operational again, the incident highlights the blockchain’s single point of failure.

https://www.dlnews.com/articles/defi/arbitrum-came-to-a-halt-as-its-sequencer-ran-out-of-gas/?utm_source=telegram&utm_medium=organic_social&utm_campaign=

$RDNT

https://twitter.com/rewkang/status/1666495970748825603?s=21&t=1gJTlCvNUZ5DhG82_80Z_g

#reads

JUST IN: 🇺🇸 Gary Gensler applied to serve as an advisor for Binance in 2019 before becoming SEC Chair, court filing says.

📰 Full Story

@WatcherGuru

important !!

https://twitter.com/cryptomacro14/status/1666720670011781121

another bridge to farm $ZRO

https://twitter.com/LayerZero_Labs/status/1666145226283716608