⚡️ Santiment
📉 As prices gradually fell on Sunday, while traders claimed to be buying at the peak, they were shorting more on these small dips. Interestingly, this only applies to altcoins right now, showing that Bitcoin is seen as a safe haven.
Banxa lays off 40% of its workforce.
The Australian cryptocurrency operator has decided to lay off nearly half of its staff as the bear market continues.
Hacker Anonymous vows to expose Do Kwon's crimes.
Hacktivist group Anonymous released a video announcing that they are investigating Do Kwon's entire history since he entered the crypto space to see what we can learn and reveal.
CoinDCX suspends deposits and withdrawals.
The major India-based cryptocurrency exchange has suspended deposits and withdrawals for various users, citing KYC requirements.
Voyager Digital issued notice of default to Three Arrows Capital (3AC).
Voyager Digital has issued a default notice to 3AC for failing to pay its 15,250 bitcoin (BTC) and $350 million coin (USDC) loan. The exchange said it is currently exploring “legal remedies” to recover its
Albania intends to start taxing crypto income.
The southern European nation of Albania is reportedly expected to begin taxing digital currency income in 2023, according to local news platform Exit News.
Cardano (ADA) successfully launched node 1.35.0.
Input Output Hong Kong (IOHK) has revealed that it has successfully launched Node 1.35.0, a major milestone ahead of its mainnet Vasil upgrade.
Nexo threatens legal action against anonymous Twitter accounts.
The account, which refers to itself as "Otter" in the third person, posted a series of tweets on June 26 alleging that Nexo's co-founders stole funds from charities. The tweets have generated thousands of likes and
Morgan Creek is trying to fight FTX's BlockFi bailout.
Cryptocurrency investment firm Morgan Creek Digital is rapidly developing an equity offer in response to FTX’s $250 million BlockFi bailout. The company is trying to raise $250 million from investors to buy a majority stake
⚡️ Solana will release its first cryptocurrency smartphone
🔹 Saga phone based on Android will work with web3 application. The device is equipped with the ability to store private keys.
⚡️ Whalemap
▫️In the history of Bitcoin, 30D MA LTH SOPR has only entered the "LOSS" zone 3 times, and this is the fourth time.
◾️ Each one lasted more than 5 months and formed a >3 year MACRO bottom.
⚡️ Bitcoin long-term holders are on the verge of capitulation
🔹 The domino effect of the current bear market is entering a new phase. Along with miners, long-term holders of Bitcoin are also beginning to feel the pressure, prompting them to accelerate the sale of their "coins."
⚡️ Glassnode
▫️ The question remains whether Bitcoin will target resistance around $27,000 and $32,000, or whether the schizophrenic macroeconomic environment and subsequent risk of liquidation will turn $17,000 to $20,000 into resistance again.
⚡️ Cryptocurrency cuts advertising budget by nearly 90%
🔹Mobile app ecosystem service Sensor Tower reports that ad spending by companies such as Coinbase, Gemini Trust, FTX Trading, and others has all but stopped in the first half of this year.
⚡️ Glassnode
▫️ In 2020, Bitcoin caught the attention of sophisticated and retail investors as Google searches surged to the highest level. Bitcoin once again stabilized at the $17,000-$20,000 support level, with the Google term “bitcoin” trending upwards.
Bitcoin price avoided the key $22,000 level.
Bitcoin is back above $21,000 since its lowest level of $17,000 on June 18. However, as BTC struggles to break the $22,000 mark, it could still have a wild weekend, analysts say. BTC is currently trading at $21,403.58 and has a total
Axie Infinity will compensate Ronin vulnerability victims.
Sky Mavis announced that after the reopening of the Ronin bridge on June 28, users will be able to withdraw one ETH for every ETH they had before the attack.
⚡️ Glassnode
▫️ Looking at the rebound from the 200-week moving average, it is clear that the Swissblock risk signal for Bitcoin has expanded to high VaR (100) (Graph 1, blue circle).
◾️ The delta of unrealized losses and realized losses declined, but recovered quickly
⚡️ CryptoBank
◾️Basic Altcoin Beta
▫️ Beta is a widely used tool in finance and portfolio management. Beta can be used to assess investment risk, depending on the benchmark, in the case of Bitcoin.